amit@unlistedkraft.com
+91-9599071664
+91-9599071664
HDB Financial Services Limited
DRHP Status : Yes Filed
1000
Current Price
1000
Market Cap
85258 Cr
ISIN
INE756I01012
Face Value
10
P/E Ratio
34.64
EPS
31
P/B Ratio
6.2
Book Value
173.4
Debt to Equity Ratio
5
P&L Statement
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Interest Earned | 8478 | 8362 | 8928 | 11157 |
| Other Income | 2507 | 2944 | 3475 | 3014 |
| Interest Expended | 3882 | 3325 | 3512 | 4864 |
| Operating Expenses | 3383 | 4068 | 4933 | 4790 |
| Provisions and contingencies | 3068 | 2465 | 1330 | 1067 |
| PAT | 378 | 1011 | 1959 | 2461 |
| eps | 4.79 | 12.79 | 24.75 | 31.03 |
| Gross NPA | 4.4 | 4.99 | 2.73 | 1.9 |
| Net NPA | 3.05 | 2.29 | 2.72 | 1.9 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Advances | 58601 | 57162 | 66383 | 86721 |
| Book Value | 107.02 | 120.69 | 144.51 | 173.27 |
| P / B | 6.77 | 6.01 | 4.57 | 6.9 |
| ROE (%) | 4.48 | 10.6 | 17.13 | 17.91 |
Balance Sheet
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 91 | 78 | 122 | 162 |
| Cash and Balances | 975 | 683 | 654 | 703 |
| Investments | 1592 | 2233 | 1243 | 3380 |
| Advances | 58601 | 57162 | 66383 | 86721 |
| Other Assets | 4040 | 1869 | 1648 | 1590 |
| Total Assets | 65299 | 62025 | 70050 | 92556 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 789.19 | 790.44 | 791.4 | 793.1 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 7657 | 8749 | 10645.5 | 12949 |
| Borrowings | 46371 | 44833 | 51324 | 68682 |
| Deposits | 0 | 0 | 0 | 0 |
| Other Liabilities | 7814 | 7643 | 7289.1 | 10131.9 |
| Total Liabilities | 62641.19 | 62025.44 | 70050 | 92556 |
| Name | Holding |
|---|---|
| HDFC Bank Limited (Holding Company And Promoter) | 94.64% |
| Others | 5.36% |
HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an aspirational India, serving both Retail & Commercial Clients. It is a Systemically Important Non-Deposit taking Non-Banking Financial Company (‘NBFC’) Incorporated in 2008, they are a well-established business with strong capitalization. HDBFS is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution.
Key Strengths:
- Strong Parent Company: Backed by HDFC Bank, one of India's leading private sector banks, ensuring financial stability and brand credibility.
- Diversified Product Portfolio: Offers a wide range of financial products, including personal loans, business loans, and asset financing, reducing dependency on any single segment.
- Extensive Distribution Network: Large network of branches across urban and rural areas, enhancing market penetration and customer reach.
- Robust Risk Management: Strong credit appraisal and risk management practices minimize default rates.
- Consistent Financial Growth: Demonstrates steady revenue and profit growth, backed by a solid balance sheet.
Key Weaknesses:
- High Exposure to Retail Loans: Significant portion of the loan book is in the retail segment, which is sensitive to economic downturns.
- Competitive Pressure: Faces intense competition from other NBFCs and banks, impacting market share and profitability.
- Dependence on Borrowings: Relies on borrowing from banks and financial institutions, making it vulnerable to interest rate fluctuations.
- Liquidity Risk: As an NBFC, it is exposed to liquidity risks, especially during financial crises or credit crunch situations.
- Regulatory Changes: Subject to changes in government regulations and RBI policies, affecting operations and profitability.
+91-9599071664
amit@unlistedkraft.com