HDBFSFinancial Services

HDB Financial Services Limited

Non Banking Financial Company (NBFC) · ISIN INE756I01012 · BSE 544429 · NSE EQ · FV ₹10
Last price
₹681
+0.51%today
What this company does

HDB Financial Services Limited operates in Non Banking Financial Company (NBFC), part of the Financial Services sector. It booked ₹4,938 cr of revenue in its latest quarter (Q1 FY27) and kept 15.9% of sales as profit. It is the 8th largest of 9 Non Banking Financial Company (NBFC) companies we track, by market value.

HDBFS stands on a foundation of scale, prudence and consistency. Our strategic priorities remain clearly defined: Growth with substance, controlled credit cost and improving asset quality, enhancing stakeholder’s values. Every milestone we reach is a collective effort and I am grateful to our entire team for their commitment to building something that is designed to last.
Their stated mission

is to serve this aspirational India momentum, as we successfully scaled Asset quality remains a core priority.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 187–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns56

How much profit it earns on the money it employs

Cash quality26

Whether reported profit actually arrives as cash

Valuation36

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 16% net margin
Sales up 11% vs last year
Profit up 38% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 15% return on equity
Watch-outs
! Carries high debt (D/E 2.9)
! Operating cash flow is negative

What if I invest in HDBFS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹681 +0.51%
latest close · 2026-09-17
52-wk low ₹65742 sessions so far52-wk high ₹733
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.0Average
LowAverageHigh
P/B ratio2.74Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.2%Strong
WeakFairStrong ▸15%
Net margin15.9%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.90High
LowModerateHigh ▸1
More figures
Market cap
₹56,586 cr
Book value
₹249
EPS
₹9.46
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
2.5%
Earnings yield
5.55%
P/S
2.86
Sales / share
₹237.9
Tax rate
25.6%
Face value
₹10
Shares
83.0 cr
Working capital
Current assets
Current liabilities
Delivery %
66.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹295₹295, midpoint ₹295

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,938 cr
Other Income₹0 cr
Total Income₹4,938 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹1,035 cr
Finance Costs₹1,753 cr
Depreciation & Amortisation₹55 cr
Other Expenses₹342 cr
Total Expenses₹3,883 cr
Profit before Tax₹1,055 cr
Tax Expense₹270 cr
Net Profit₹785 cr
Net margin on total income15.9%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹1,035 cr21.0%
Finance costs₹1,753 cr35.5%
Depreciation & amortisation₹55 cr1.1%
Other expenses₹1,039 cr21.0%
Tax expense₹270 cr5.5%
Profit for the period₹785 cr15.9%
Total income ₹4,938 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,673 cr4,745 cr4,938 cr
Total income4,673 cr4,745 cr4,938 cr
Expenses3,813 cr3,734 cr3,883 cr
Profit before tax860 cr1,011 cr1,055 cr
Tax216 cr261 cr270 cr
Net profit (owners' share)644 cr751 cr785 cr
Net margin (owners' share, on revenue)13.8%15.8%15.9%
EPS (₹)7.769.049.46
YoY (latest quarter): total income +10.6% · net profit +38.3%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1.24 L cr
Shareholder equity
₹20,664 cr
parent shareholders
Total debt
₹59,895 cr
Cash
₹1,246 cr
Cash flow · H1 FY26
Operating
₹-3,814 cr
Investing
₹-963 cr
Financing
₹4,964 cr
Peer comparison
Non Banking Financial Company (NBFC) · by market value
CompanyPriceMarket capP/E
Bajaj Finance Limited₹1,015₹6.31 L cr26.4
Shriram Finance Limited₹995₹2.34 L cr16.7
Cholamandalam Investment and Finance Company Limited₹1,765₹1.51 L cr22.7
Tata Capital Limited₹344₹1.45 L cr23.5
Muthoot Finance Limited₹2,770₹1.11 L cr9.9
L&T Finance Limited₹302₹75,742 cr21.0
SBI Cards and Payment Services Limited₹637₹60,613 cr22.8
HDB Financial Services Limitedthis company₹681₹56,586 cr18.0
Sundaram Finance Limited₹4,663₹51,398 cr20.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.59%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹2
ex 18 Jun 2026
ActionDetailEx-date
Dividend₹2 / share18 Jun 2026
Dividend₹2 / share24 Oct 2025
Who owns it · 2026-06-30
No pledge
Promoter
74.1%
FII / Foreign
3.5%
DII / Domestic
12.1%
Retail / others
10.0%
Promoter stake down 0.1% over the last 5 quarters.
Smart-money activity
Insider trades
SoldAjay Thakur · -7,000 · ₹51.3 L4 Nov 25
SoldPremal Brahmbhatt · -6,640 · ₹48.7 L4 Nov 25
SoldShishir Janardhan Kunder · -1,440 · ₹10.5 L3 Nov 25
Bulk / block deals
short · NSE81528 Aug 26
short · NSE3124 Jul 26
short · NSE1023 Jun 26
Stake changes
SoldHDFC Bank Limited · promoter→ 74.19% · 13.51 cr2 Jul 25
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 13 Mar 2026
See the official result
1
Profit-Related Commission payable to Independent Directors
Backed by 98% of shareholders other than promotersneeded 75%
11.28 cr votes for, 28.02 L against · 2% of mutual funds and other big investors said no
2
Material Related Party Transactions with HDFC Bank Limited for the Financial Year 2026-27
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
11.29 cr votes for, 26.76 L against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 14 named members
owning 74.1% between them · as of 2026-06-30
Hdfc Bank Limited74.12%
Griha Investmentsno shares
Griha Pte Limitedno shares
HDFC AMC International (IFSC) Limitedno shares
HDFC Asset Management Company Limitedno shares
HDFC Capital Advisors Limitedno shares
HDFC ERGO General Insurance Company Limitedno shares
HDFC International Life and Re Company Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹2,500 cr raised in Jun 2025 by selling shares to the public

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

₹275 cr raised in Sep 2025 by private placement

The company has not broken this money down into purposes in its filing for Sep 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.