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 ₹ 63,514 Cr.
- Current Price ₹ 765
- High / Low ₹ 892 / 705
- Stock P/E 29.5
- Book Value ₹ 233
- Dividend Yield 0.26 %
- ROCE 9.79 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.28 times its book value
- 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.
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 | TTM | |
|---|---|---|---|---|---|---|
| 10,945 | 11,312 | 12,403 | 14,173 | 16,300 | 17,420 | |
| 6,451 | 6,540 | 6,153 | 5,817 | 6,745 | 7,626 | |
| Operating Profit | 4,493 | 4,772 | 6,250 | 8,356 | 9,555 | 9,795 |
| OPM % | 41% | 42% | 50% | 59% | 59% | 56% |
| -2 | 0 | 1 | 1 | 0 | 0 | |
| Interest | 3,883 | 3,326 | 3,512 | 4,907 | 6,433 | 6,729 |
| Depreciation | 108 | 99 | 112 | 145 | 194 | 206 |
| Profit before tax | 501 | 1,348 | 2,627 | 3,305 | 2,928 | 2,860 |
| Tax % | 22% | 25% | 25% | 26% | 26% | |
| 391 | 1,011 | 1,959 | 2,461 | 2,176 | 2,152 | |
| EPS in Rs | 4.96 | 12.80 | 24.76 | 31.03 | 27.34 | 26.47 |
| 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 | |
|---|---|
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| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 789 | 790 | 791 | 793 | 796 | 830 |
| Reserves | 7,657 | 8,749 | 10,646 | 12,950 | 15,024 | 18,509 |
| 50,359 | 48,973 | 54,865 | 74,331 | 87,398 | 90,541 | |
| 3,836 | 3,513 | 3,748 | 4,483 | 5,446 | 4,895 | |
| Total Liabilities | 62,641 | 62,026 | 70,050 | 92,557 | 108,663 | 114,774 |
| 317 | 293 | 387 | 511 | 735 | 743 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1,593 | 2,234 | 1,243 | 3,380 | 2,060 | 3,076 |
| 60,731 | 59,500 | 68,420 | 88,665 | 105,868 | 110,955 | |
| Total Assets | 62,641 | 62,026 | 70,050 | 92,557 | 108,663 | 114,774 |
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
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Dec - Earnings call on Jan 14, 2026 6:30pm IST for unaudited standalone results for quarter and nine months ended Dec 31, 2025.
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Board Meeting Intimation for Intimation Under Regulation 29 Read With Regulation 50 Of The SEBI (LODR) Regulations, 2015 And SEBI (Prohibition Of Insider Trading) Regulations, 2015
26 Dec - Board meeting on Jan 14, 2026 to approve Q3/9M results; trading window closed Jan 1–16, 2026.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Dec - Allotment of equity shares pursuant to ESOPs
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 29 Nov 2025
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 28 Nov 2025
Concalls
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Oct 2025Transcript PPT
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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.