HDB FINANCIAL SERVICES L HDBFS NIFTY_MIDNSEFINANCIAL

Financial Services · Credit Services · India

https://www.hdbfs.com

HDB Financial Services Limited operates as a non-banking financial company that provides lending and business process outsourcing services in India. The company offers personal loans, salaried personal loans, business loans, micro lending loans, auto loans, two-wheeler loans, gold loans, loans against property, enterprise business loans, consumer durable loans, commercial vehicle loans, construction equipment loans, car loans, digital and lifestyle product loans, digital lending, tractor loans, and general and life insurance products. Its BPO services include back-office services, such as forms processing, documents verification, finance and accounting services, and correspondence management; and front office services, consisting of contact center management, outbound marketing, and collection services. The company was incorporated in 2007 and is based in Mumbai, India. HDB Financial Services Limited operates as a subsidiary of HDFC Bank Limited.

Market & Price

Market Cap

₹55,160.77 Cr

Current Price

₹665.85

High / Low (52W)

₹861.68 / ₹559.95

Beta

Valuation

Stock P/E

21.55

Industry PE

19.12

Forward P/E

14.06

PEG Ratio

Book Value

₹248.87

Price to Book

2.68

P/S

6.27

EV/EBITDA

Dividend Yield

0.60%

Profitability & Returns

ROCE

4.98%

ROE

13.94%

ROA

2.19%

Profit Margin

28.92%

Op Margin

42.52%

EPS (Latest Qtr)

₹9.02

EPS (TTM)

₹30.90

Balance Sheet & Liquidity

Debt/Equity

4.80

Quick Ratio

326.68

Current Ratio

326.83

Debt

₹99,235.90 Cr

Total Assets

₹1.24 L Cr

Current Assets

₹1.17 L Cr

Working Capital

₹1.16 L Cr

Ownership

Promoter Holding

74.48%

Chg in Prom Hold

FII / Inst Holding

13.18%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1.52 L Cr

Total Revenue (TTM)

₹8,794.70 Cr

EBITDA

Free Cash Flow

Operating Cash Flow

₹-8,605.60 Cr

Shares Outstanding

₹82.84 Cr

Gross Margin

100.00%

Payout Ratio

6.48%

Growth (CAGR)

Revenue 5Y

14.50%

Profit 5Y

9.09%

Revenue (YoY)

18.40%

Earnings (YoY)

35.70%

PROS

Excellent profit margin of 28.9%.
Compounding revenue at 14.5% over 5 years.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HDBFS HDB FINANCIAL SERVICES L NIFTY_MIDNSEFINANCIAL	665.85	21.55	₹55,160.77 Cr	0.60%	4.98%	13.94%	14.50%	9.09%
2	HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL	744.55	16.61	₹11.46 L Cr	1.75%	-	13.82%	32.50%	20.39%
3	ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL	1,256.40	16.81	₹9.01 L Cr	0.88%	-	16.36%	19.65%	16.78%
4	SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU	964.40	10.58	₹8.90 L Cr	1.80%	-	15.48%	12.19%	14.39%
5	KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL	384.20	19.80	₹3.82 L Cr	0.13%	-	11.39%	14.58%	8.92%
6	LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU	411.35	9.06	₹2.60 L Cr	2.43%	-	42.36%	7.61%	16.86%
7	SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL	947.15	17.79	₹2.23 L Cr	1.46%	-	16.38%	15.48%	18.59%
8	SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL	1,830.10	74.06	₹1.84 L Cr	0.15%	-	13.70%	11.67%	12.81%
9	ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL	3,538.50	53.19	₹1.75 L Cr	0.70%	98.30%	85.80%	28.94%	29.58%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	4,136.70 Cr	4,259.10 Cr	-	4,666.30 Cr	4,738.60 Cr
Cost of Revenue	2,548.10 Cr	2,581.40 Cr	-	2,729.30 Cr	2,653.00 Cr
Gross Profit	1,588.60 Cr	1,677.70 Cr	-	1,937.00 Cr	2,085.60 Cr
Operating Expenses	319.00 Cr	346.60 Cr	-	371.70 Cr	396.60 Cr
Operating Income	1,269.60 Cr	1,331.10 Cr	-	1,565.30 Cr	1,689.00 Cr
EBITDA	1,318.20 Cr	1,384.90 Cr	-	1,616.50 Cr	1,743.30 Cr
Interest Expense	-	-	-	-	-
Pretax Income	640.80 Cr	704.20 Cr	-	860.30 Cr	1,011.20 Cr
Tax Provision	168.50 Cr	173.30 Cr	-	216.40 Cr	260.60 Cr
Net Income	472.30 Cr	530.90 Cr	-	643.90 Cr	750.60 Cr
Diluted EPS	5.69	6.41	-	7.74	9.02

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	12,243.92 Cr	13,946.26 Cr	16,244.90 Cr	18,378.50 Cr
Cost of Revenue	5,107.05 Cr	5,491.77 Cr	10,009.80 Cr	10,733.80 Cr
Gross Profit	7,136.87 Cr	8,454.49 Cr	6,235.10 Cr	7,644.70 Cr
Operating Expenses	1,227.23 Cr	1,422.16 Cr	1,249.70 Cr	1,494.80 Cr
Operating Income	5,909.64 Cr	7,032.33 Cr	4,985.40 Cr	6,149.90 Cr
EBITDA	4,774.76 Cr	6,200.73 Cr	5,179.80 Cr	6,359.20 Cr
Interest Expense	2,035.52 Cr	2,750.90 Cr	3,485.97 Cr	-
Pretax Income	2,627.40 Cr	3,304.67 Cr	2,927.80 Cr	3,386.30 Cr
Tax Provision	668.05 Cr	843.83 Cr	751.90 Cr	842.50 Cr
Net Income	1,959.35 Cr	2,460.84 Cr	2,175.90 Cr	2,543.80 Cr
Diluted EPS	23.62	29.66	26.29	30.88

Compounded Sales Growth

5 Years:	14.50%
1 Year:	18.40%

Compounded Profit Growth

5 Years:	9.09%
1 Year:	35.70%

Stock Price Performance

1 Year:	-20.61%
6 Months:	-11.88%
3 Months:	-7.13%
1 Month:	+1.41%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	70,050.39 Cr	92,556.51 Cr	1.09 L Cr	1.24 L Cr
Current Assets	26,453.19 Cr	35,801.16 Cr	39,806.98 Cr	1.17 L Cr
Cash & Equivalents	395.90 Cr	647.85 Cr	950.46 Cr	1,246.10 Cr
Inventory	-	-	-	-
Receivables	65.76 Cr	124.61 Cr	225.17 Cr	296.00 Cr
Total Liabilities	58,613.43 Cr	78,813.80 Cr	92,843.54 Cr	1.03 L Cr
Current Liabilities	22,739.49 Cr	29,316.96 Cr	41,239.11 Cr	272.40 Cr
Long Term Debt	35,351.75 Cr	48,763.23 Cr	50,960.94 Cr	92,254.20 Cr
Total Debt	54,865.31 Cr	74,330.67 Cr	87,397.77 Cr	92,254.20 Cr
Total Equity	11,436.96 Cr	13,742.71 Cr	15,819.75 Cr	20,664.00 Cr
Shares Outstanding	82.76 Cr	82.76 Cr	82.76 Cr	83.03 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-6,850.61 Cr	-16,736.04 Cr	-13,626.30 Cr	-8,605.60 Cr
Investing Cash Flow	973.32 Cr	-2,145.56 Cr	1,159.00 Cr	-1,772.00 Cr
Financing Cash Flow	5,795.99 Cr	19,133.55 Cr	12,769.80 Cr	10,673.30 Cr
Capital Expenditure	-111.32 Cr	-123.35 Cr	-209.80 Cr	-143.60 Cr
Free Cash Flow	-6,961.93 Cr	-16,859.39 Cr	-13,836.10 Cr	-8,749.20 Cr
Net Change in Cash	-81.30 Cr	251.95 Cr	302.50 Cr	295.70 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	58.3%	60.6%	38.4%	41.6%
Operating Margin %	48.3%	50.4%	30.7%	33.5%
Net Margin %	16.0%	17.6%	13.4%	13.8%
ROE %	17.1%	17.9%	13.8%	12.3%
ROCE %	12.5%	11.1%	7.4%	5.0%

Shareholding Pattern

Insiders

74.48%

Institutions

13.18%

Public Float

51.63%

Analyst View

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HDBFS · Financial Services