HDB Financial Services Ltd logo

HDB Financial Services Ltd

HDBFS NSE

Key Fundamentals

MidcapFinanceFinancial Services
Market Cap
₹57,215 Cr
Volatility
Moderate
P/E Ratio
20.66
EBITDA
₹9,512 Cr
Return on Equity
13.75%
Debt to Equity
5.47
Book Value
₹248.74
52W High
₹802.8
52W Low
₹555.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view HDB Financial Services Ltd insights

28 extracted metrics + investor summaries across FY16–FY26.

Log in — free

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

5
  • Stock is trading at 2.76 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

Growth Rate

Revenue Growth
15.01% ↗
Net Income Growth
-11.58% ↘
Cash Flow Change
18.58% ↗
ROE
-23.23% ↘
ROCE
-0.53% ↘
EBITDA Margin (Avg.)
-0.51% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

HDB Financial Services, a subsidiary of HDFC Bank, trades at a market cap of ~₹58,000 Cr with a PE of 20.8x and PB of 2.78x. TTM profit growth is strong at 28%, though 5-year sales CAGR remains modest at 11%. ROE has declined from 16% (3-year average) to 14% in the last year.

Bull Case 7
  • Strong TTM profit growth of 28% indicates improving profitability momentum
  • Backed by HDFC Bank parentage, providing access to capital, brand trust, and distribution network
  • 3-year compounded profit growth of 9% despite COVID disruptions shows resilience
  • 5-year compounded profit CAGR of 45% reflects long-term earnings scalability
  • PE of 20.8x is reasonable for a financial services company with double-digit growth
  • TTM sales growth of 12% shows continued top-line expansion
  • 3-year ROE average of 16% demonstrates consistent return generation above cost of equity
Bear Case 8
  • Stock trading at 2.78x book value is expensive for an NBFC with 14% ROE, limiting margin of safety
  • Low interest coverage ratio raises concerns about debt servicing ability in a rising rate environment
  • 5-year sales CAGR of only 11% is poor for a mid-stage financial services company
  • ROE declined from 16% (3-year average) to 14% last year, signaling potential return compression
  • Dividend payout of just 11.2% over last 3 years offers minimal income to shareholders
  • Potential capitalization of interest costs may overstate reported profitability
  • Stock has declined 13% over the past 1 year, underperforming broader markets
  • Dividend yield of only 0.58% provides negligible downside cushion

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 6h ago
Positives 1
  • Jimmy Tata appointed as director Jul 28

    Board approved Jimmy Tata as Non-Executive Director, nominee of HDFC Bank, pending RBI and shareholder approval. Strengthens governance linkage with parent bank.

Neutral 3
  • ₹5,445 Cr NCD allotment at 8.23% Aug 6

    Allotted ₹5,445 crore secured redeemable NCDs at 8.2301% interest rate, maturing July 5, 2029, secured by hypothecation over receivables.

  • Analyst meet scheduled Aug 21 Aug 14

    In-person group meeting with analysts and institutional investors scheduled for August 21, 2026 in Varanasi.

  • August investor conference participation Aug 4

    Participating in three major conferences in Mumbai in August 2026, including Emkay Confluence and Equirus Annual India Conference.

TL;DR: HDBFS is in a steady operational phase with no material headwinds surfacing in recent news. The company is actively engaging investors through multiple conferences and secured ₹5,445 Cr in debt funding at competitive rates. The Jimmy Tata board appointment signals continued alignment with HDFC Bank's governance. Outlook is stable with upcoming analyst interactions likely to provide more forward visibility.

Quarterly Results

  Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
3,667
3,884
4,007
4,144
4,266
4,465
4,545
4,674
4,745
4,938
Expenses
1,368
1,560
1,561
1,809
1,858
1,942
2,017
2,058
1,997
2,075
Financing Profit
922
828
847
689
758
784
835
912
1,066
1,110
Fin. Margin %
25%
21%
21%
17%
18%
18%
18%
20%
22%
22%
Other Income
0
0
0
0
0
0
0
0
0
0
Interest
1,377
1,496
1,598
1,645
1,650
1,740
1,694
1,704
1,682
1,753
Depreciation
40
44
48
49
54
51
52
51
54
55
PBT
882
784
799
641
704
732
782
860
1,011
1,055
Tax %
26%
26%
26%
26%
25%
22%
26%
25%
26%
26%
Net Profit
656
582
591
472
531
568
581
644
751
785
EPS in Rs
8.27
7.33
7.44
5.95
6.67
6.84
7.01
7.76
9.04
9.46
Gross NPA %
1.9%
—
2.1%
2.25%
2.26%
2.56%
2.81%
2.81%
2.44%
—
Net NPA %
—
—
—
0.9%
0.99%
1.11%
1.27%
1.25%
1.09%
1.04%
Figures in ₹ Crores

Profit & Loss

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
10,945
11,312
12,403
14,173
16,300
18,431
18,902
Expenses
6,451
6,540
6,153
5,817
6,745
7,980
8,147
Financing Profit
610
1,446
2,738
3,449
3,122
3,595
3,922
Fin. Margin %
6%
13%
22%
24%
19%
20%
21%
Other Income
-2
0
1
1
0
1
0
Interest
3,883
3,326
3,512
4,907
6,433
6,856
6,834
Depreciation
108
99
112
145
194
209
213
PBT
501
1,348
2,627
3,305
2,928
3,386
3,709
Tax %
22%
25%
25%
26%
26%
25%
—
Net Profit
391
1,011
1,959
2,461
2,176
2,544
2,761
EPS in Rs
4.96
12.8
24.76
31.03
27.34
30.64
33.27
Div. Payout %
0%
8%
8%
10%
11%
13%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
89,682
99,230
Other Liabilities
3,836
3,513
3,748
4,483
3,161
3,757
Total Liabilities
62,641
62,026
70,050
92,557
1,08,663
1,23,651
Fixed Assets
317
293
387
511
735
773
CWIP
0
0
0
0
0
0
Investments
1,593
2,234
1,243
3,380
2,060
3,748
Other Assets
60,731
59,500
68,420
88,665
1,05,868
1,19,130
Total Assets
62,641
62,026
70,050
92,557
1,08,663
1,23,651
Figures in ₹ Crores

Cash Flow

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-342
1,987
-6,851
-16,736
-13,626
-8,606
Investing
131
-703
973
-2,146
1,159
-1,772
Financing
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
-8,747
CFO/OP
-12
42
-99
-191
-135
-74
Figures in ₹ Crores

Ratios

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

Shareholding Pattern

As of Jun 2026
Promoters 74.12%
DIIs 12.10%
Public 8.89%
FIIs 3.55%
Others 1.34%
Total 100.00%
  Oct 2024Jun 2025Jul 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
94.54%
74.19%
74.19%
74.19%
74.15%
74.12%
74.12%
FIIs
0.00%
4.11%
0.00%
3.17%
3.32%
3.01%
3.55%
DIIs
0.00%
5.17%
4.50%
10.92%
11.41%
12.28%
12.10%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
14.92%
14.92%
10.22%
9.71%
9.19%
8.89%
Others
5.46%
1.61%
6.40%
1.50%
1.42%
1.40%
1.34%
No. of Shareholders
41,411
49,366
25,32,280
11,57,250
10,27,200
9,61,497
9,25,474

Documents

Frequently Asked Questions about HDB Financial Services Ltd

What does HDB Financial Services Ltd do?
Incorporated in 2007, HDB Financial Services Limited (HDBFS) is a non-deposit-taking NBFC and a subsidiary of HDFC Bank engaged in providing lending solutions.[1]
Where is HDB Financial Services Ltd (HDBFS) listed?
HDB Financial Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: HDBFS and BSE: 544429. You can view its live share price, financials, and ratios on Tapetide.
Which sector does HDB Financial Services Ltd belong to?
HDB Financial Services Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of HDB Financial Services Ltd?
HDB Financial Services Ltd has a market capitalisation of approximately ₹57215.17 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of HDB Financial Services Ltd?
The Price-to-Earnings (PE) ratio of HDB Financial Services Ltd is 20.66. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of HDB Financial Services Ltd?
Over the past 52 weeks, HDB Financial Services Ltd has traded between a low of ₹555.3 and a high of ₹802.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does HDB Financial Services Ltd pay dividends?
Yes, HDB Financial Services Ltd has a dividend yield of 0.58%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of HDB Financial Services Ltd?
HDB Financial Services Ltd has a Return on Equity (ROE) of 13.75%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research HDB Financial Services Ltd on Tapetide?
On Tapetide, you can view HDB Financial Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 2007, HDB Financial Services Limited (HDBFS) is a non-deposit-taking NBFC and a subsidiary of HDFC Bank engaged in providing lending solutions.[1]

Website hdbfs.com
CEO Mr. Ramesh Ganesan M.B.A.
Employees 89,943
Listed 2025-07-02
Face Value ₹ 10
Issued Size 83,00,38,180

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List