HDB Financial Services Ltd
Incorporated in 2007, HDB Financial Services Ltd is in the business of lending and providing BPO services[1]One of the largest retail-focused non-banking financial company, its[2] lending products are offered throughour three business verticals: Enterprise Lending, Asset Finance and Consumer Finance
- Market Cap ₹ 61,405 Cr.
- Current Price ₹ 740
- High / Low ₹ 892 / 728
- Stock P/E 28.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 9.79 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Non Banking Financial Company (NBFC)
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 10,945 | 11,312 | 12,403 | 14,173 | 16,300 | |
| 6,451 | 6,540 | 6,153 | 5,817 | 6,745 | |
| Operating Profit | 4,493 | 4,772 | 6,250 | 8,356 | 9,555 |
| OPM % | 41% | 42% | 50% | 59% | 59% |
| -2 | 0 | 1 | 1 | 0 | |
| Interest | 3,883 | 3,326 | 3,512 | 4,907 | 6,433 |
| Depreciation | 108 | 99 | 112 | 145 | 194 |
| Profit before tax | 501 | 1,348 | 2,627 | 3,305 | 2,928 |
| Tax % | 22% | 25% | 25% | 26% | 26% |
| 391 | 1,011 | 1,959 | 2,461 | 2,176 | |
| EPS in Rs | 4.96 | 12.80 | 24.76 | 31.03 | 27.34 |
| Dividend Payout % | 0% | 8% | 8% | 10% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 789 | 790 | 791 | 793 | 796 |
| Reserves | 7,657 | 8,749 | 10,646 | 12,950 | 15,024 |
| 50,359 | 48,973 | 54,865 | 74,331 | 87,398 | |
| 3,836 | 3,513 | 3,748 | 4,483 | 5,446 | |
| Total Liabilities | 62,641 | 62,026 | 70,050 | 92,557 | 108,663 |
| 317 | 293 | 387 | 511 | 735 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 1,593 | 2,234 | 1,243 | 3,380 | 2,060 |
| 60,731 | 59,500 | 68,420 | 88,665 | 105,868 | |
| Total Assets | 62,641 | 62,026 | 70,050 | 92,557 | 108,663 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -342 | 1,987 | -6,851 | -16,736 | -13,626 | |
| 131 | -703 | 973 | -2,146 | 1,159 | |
| 608 | -1,500 | 5,796 | 19,134 | 12,770 | |
| Net Cash Flow | 398 | -216 | -81 | 252 | 303 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 4 | 5 | 2 | 3 | 5 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 4 | 5 | 2 | 3 | 5 |
| Working Capital Days | -114 | -94 | -99 | -108 | -107 |
| ROCE % | 8% | 10% | 11% | 10% |
Documents
Announcements
- Grant Of Options Under Employees Stock Options Scheme (ESOP Plan 18A, ESOP Plan 18B And ESOP Plan 18C) 3m
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
39m - RTA certificate for quarter ended Sept 30, 2025: no demat requests; one rematerialisation confirmed.
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Announcement under Regulation 30 (LODR)-Allotment
9 Oct - Allotted 20,000 NCDs aggregating Rs200 crore on Oct 9, 2025; 1079-day tenure; coupon 7.18%.
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Announcement under Regulation 30 (LODR)-Issue of Securities
9 Oct - Allotted Rs.200 crore Tier-II unsecured bonds, 7.95% coupon, allotted Oct 9, 2025; matures June 4, 2035.
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Update on board meeting
8 Oct - Board meeting Oct 15, 2025 to approve Q2/H1 results; consider interim dividend.
Concalls
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Jul 2025Transcript PPT
Business Overview:[1]
HDBFSL is a non-banking finance company with 1,771 branches across 1,170 cities in India. Alongside its core lending business, it distributes insurance products for HDFC Ergo and HDFC Life. The company also offers BPO services to HDFC Bank, managing collections, back-office operations, and sales support.