HDB Financial Services Ltd

HDB FINANC SER Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HDB Financial Services Ltd

₹ 656 -0.52%
24 Apr 12:58 p.m.
hdbfs.com BSE: 544429 NSE: HDBFS
About

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

Key Points

Business Overview:[1]
HDBFSL is a non-banking finance company with 1749 branches across 1,157 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.

Website BSE NSE
  • Market Cap ₹ 54,478 Cr.
  • Current Price ₹ 656
  • High / Low ₹ 892 / 555
  • Stock P/E 21.4
  • Book Value ₹ 249
  • Dividend Yield 0.30 %
  • ROCE 9.15 %
  • ROE 13.9 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.62 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 11.2% of profits over last 3 years

* 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 Nifty 500 BSE IPO BSE Financial Services Nifty LargeMidcap 250 Nifty Midcap 150

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
3,667 3,884 4,007 4,144 4,266 4,465 4,545 4,674 4,745
Interest 1,377 1,496 1,598 1,645 1,650 1,740 1,694 1,704 1,682
1,368 1,560 1,561 1,809 1,858 1,942 2,017 2,058 1,997
Financing Profit 922 828 847 689 758 784 835 912 1,066
Financing Margin % 25% 21% 21% 17% 18% 18% 18% 20% 22%
0 0 0 0 0 0 0 0 0
Depreciation 40 44 48 49 54 51 52 51 54
Profit before tax 882 784 799 641 704 732 782 860 1,011
Tax % 26% 26% 26% 26% 25% 22% 26% 25% 26%
656 582 591 472 531 568 581 644 751
EPS in Rs 8.27 7.33 7.44 5.95 6.67 6.84 7.01 7.76 9.04
Gross NPA % 1.90% 2.10% 2.25% 2.26% 2.56% 2.81% 2.81% 2.44%
Net NPA % 0.90% 0.99% 1.27% 1.25% 1.09%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10,945 11,312 12,403 14,173 16,300 18,430
Interest 3,883 3,326 3,512 4,907 6,433 6,820
6,451 6,540 6,153 5,817 6,745 8,014
Financing Profit 610 1,446 2,738 3,449 3,122 3,596
Financing Margin % 6% 13% 22% 24% 19% 20%
-2 0 1 1 0 0
Depreciation 108 99 112 145 194 209
Profit before tax 501 1,348 2,627 3,305 2,928 3,386
Tax % 22% 25% 25% 26% 26% 25%
391 1,011 1,959 2,461 2,176 2,544
EPS in Rs 4.96 12.80 24.76 31.03 27.34 30.64
Dividend Payout % 0% 8% 8% 10% 11% 13%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 14%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 9%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 16%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 789 790 791 793 796 830
Reserves 7,657 8,749 10,646 12,950 15,024 19,834
Borrowing 50,359 48,973 54,865 74,331 87,398 99,230
3,836 3,513 3,748 4,483 5,446 3,757
Total Liabilities 62,641 62,026 70,050 92,557 108,663 123,652
317 293 387 511 735 774
CWIP 0 0 0 0 0 0
Investments 1,593 2,234 1,243 3,380 2,060 3,748
60,731 59,500 68,420 88,665 105,868 119,130
Total Assets 62,641 62,026 70,050 92,557 108,663 123,652

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-342 1,987 -6,851 -16,736 -13,626 -8,606
131 -703 973 -2,146 1,159 -1,772
608 -1,500 5,796 19,134 12,770 10,673
Net Cash Flow 398 -216 -81 252 303 296
Free Cash Flow -366 1,947 -6,960 -16,858 -13,834 -8,746
CFO/OP -12% 42% -99% -191% -135% -74%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 5% 11% 19% 20% 15% 14%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross Stage 3 Loans Ratio
%

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Provision Coverage Ratio (Stage 3)
%
Coverage - Number of Cities and Towns
Number
Customer Franchise
Million
Number of Branches
Number
Average Ticket Size (Overall Loan Book)
INR
Concentration - Top 20 Borrowers contribution to Loans
%
Employee Count (Lending Business)
Number

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Shareholding Pattern

Numbers in percentages

Sep 2025Dec 2025Mar 2026
74.19% 74.15% 74.12%
3.17% 3.32% 3.01%
10.93% 11.41% 12.29%
11.48% 10.90% 10.35%
0.23% 0.23% 0.23%
No. of Shareholders 11,57,25010,27,2049,61,497

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

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DRHP

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