SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

HDB Financial Services Ltd (HDBFS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544429 NSE: HDBFS Finance - NBFC | Mid Cap | HDB Financial Services Share Price

₹644.35 -4.25 (-0.66%)

As on 04-Jun'26 16:59

HDB Financial Services Ltd (HDBFS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544429 NSE: HDBFS Finance - NBFC | Mid Cap | HDB Financial Services Share Price

₹644.35 -4.25 (-0.66%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹53,504 Cr.
Current Price
₹644.4
52-Week Low / High
₹557 / 892
TTM EPS
₹30.6
Book Value per Share
₹247.2
P/E Ratio
21.03
In line with its 5-year historical median
Industry PE
25.6
Price to Book (P/B)
2.61
Higher than its 5-year historical median
EV/EBITDA
14.48
Higher than its 5-year historical median
Dividend Yield
0.71%
Profitability Efficiency
Return on Equity (ROE)
14.04%
Return on Capital Employed (ROCE)
9.09%
Return on Assets (ROA)
2.18%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Improving versus 3-year growth rate
17.29%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
25.17%
Asset Quality
Gross NPA(%)
2.26%
Net NPA(%)
0.99%
TTM Sales
₹18,430 Cr.
Reserves
₹19,693 Cr.
Equity
₹830.4 Cr.
Face Value
₹10
All Time Low / High
₹557.00 / 891.65

HDB Financial Services stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is HDB Financial Services Ltd a good quality company?
HDB Financial Services Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

View More
How does HDB Financial Services Ltd performance compare with that of its Peers?
Q.1 AUM Growth of HDB Financial Services Ltd vs Industry Peers?
HDB Financial Services Ltd AUM CAGR is 12.32%, compared to the 5-year industry median CAGR of 15.99%, indicating slower growth and losing its market share.
View More
Q.1 Promoter shareholding and pledge status of HDB Financial Services Ltd?
Promoters hold 74.12% of the HDB Financial Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of HDB Financial Services Ltd over the last decade?
Over the last - years, the stock has delivered a CAGR of N/A% based on the current price.
View More

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HDB Financial Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Operating Income (₹ Cr.)5,7117,0278,72510,75610,94511,30612,40314,17316,30018,43018,430
YoY Gr. Rt. %-23%24.2%23.3%1.8%3.3%9.7%14.3%15%13.1%-
Adj EPS (₹ ) 8.811.914.712.8512.824.83127.330.630.6
YoY Gr. Rt. %-35.9%23.2%-13.1%-61.1%158.1%93.4%25.3%-11.9%12.1%-
BVPS (₹ )68.776.990.9101.2106.2120.2144172.4197.5247.2247.2
YoY Gr. Rt. %-11.8%18.2%11.3%5%13.2%19.8%19.7%14.5%25.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)2.32.42.31.70.61.6332.22.20

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income13.9%11%14.1%13.1%
Adj EPS14.9%43.9%7.4%12.1%
BVPS15.3%18.4%19.7%25.2%
Share Price - - - -

Key Financial Ratios

RATIOS \ YEARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)0.91.11.33.23.22.410.600-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)1213.313.29.33.6915.817.413.413.813.8
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)15.316.417.513.34.811.318.819.614.81412.4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Income + 5,7907,0278,73010,75710,97311,32712,42514,17416,30218,431
Interest Income5,7117,0278,72510,75610,94511,30612,40314,17316,30018,430
Other Income ⓘ 4195366651,4703,1042,4931,3521,1012,1612,874
Exceptional Items ⓘ 79050282122111
Expenditure ⓘ + 4,7315,5917,0069,29210,4729,9809,79810,86913,37415,044
Interest Expense ⓘ 2,0502,4493,3334,0813,9083,3453,5334,9076,4336,856
Operating Expenses ⓘ 2,2622,6063,0083,7413,4604,1424,9124,8624,7795,314
Provisions 4195366651,4703,1042,4931,3521,1012,1612,874
Exceptional Items ⓘ 0000000000
Profit Before Tax ⓘ 1,0591,4361,7241,4645011,3482,6273,3052,9283,386
Taxes ⓘ 374503571460109336668844752842
Profit After Tax 6849331,1531,0053911,0111,9592,4612,1762,544
Adjusted EPS (₹)8.811.914.712.85.012.824.831.027.330.6
Dividend Payout Ratio (%)17.10%13.40%12.30%0%0%7.80%4.40%9.70%11%13.10%

Valuation of HDB Financial Services - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Equity Capital +5,3636,0407,1788,0188,4469,54011,43713,74315,82020,664
Share Capital ⓘ 780783786788789790791793796830
Reserves ⓘ 4,5835,2576,3937,2307,6578,74910,64612,95015,02419,834
Short term borrowings2,08013,58415,97017,89015,48417,35519,51425,56738,72134,233
Long Term Borrowings19,38322,74629,11631,90934,73630,98134,87348,55750,72165,604
Current Liabilities 9,24616,36420,13021,08119,32821,55723,76630,65342,53338,106
Trade Payables283280395150334247292403425180
Other Liabilities-2,363-13,864-16,365-18,040-15,818-17,602-19,805-25,971-39,147-34,413
Total Liabilities ⓘ 33,99245,15156,42461,00862,51062,07870,07692,9521,09,0741,24,374

Assets

Non Current Asset +24,70231,51536,75039,81340,55036,61442,43155,8151,04,3201,16,911
Loan Asset 24,06731,35136,55639,41640,10135,86341,96455,2451,03,3431,14,690
Other Non Current Asset ⓘ 6361641933984497524675719772,221
Current Asset +9,29013,63619,67421,19421,96025,46427,64537,1374,7547,463
Current Investment4004015671,7451,4552,1441,1853,3412,0443,742
Other Current Asset8,89013,23519,10719,44920,50523,32026,46033,7962,7103,721
Total Assets ⓘ 33,99245,15156,42461,00862,51062,07870,07692,9521,09,0741,24,374

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ -6,791-8,186-8,991-3,032-3421,957-6,851-16,736-13,626-8,606
Cash Flow From Investing Activity ⓘ -188-49-181-1,204131-703973-2,1461,159-1,772
Cash Flow From Financing Activity ⓘ 6,9598,2269,4454,257608-1,5005,79619,13412,77010,673
Net Cash Flow ⓘ -20-827321398-246-81252303296

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Operational & Financial Ratios
EPS (₹)8.8011.9014.7012.80512.8024.803127.3030.60
DPS (₹)1.501.601.800011.10334
BVPS (₹)68.776.990.9101.2106.2120.2144172.4197.5247.2

Performance Ratios

ROA (%)2.32.42.31.70.61.63.03.02.22.2
ROE (%)15.316.417.513.34.811.318.819.614.814.0
ROCE (%)11.510.710.810.17.68.09.910.69.79.1

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.00.00.00.02.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HDB Financial Services Ltd FAQs

The current trading price of HDB Financial Services on 04-Jun-2026 16:59 is ₹644.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of HDB Financial Services stood at ₹53,503.5 Cr

The latest P/E ratio of HDB Financial Services as of 03-Jun-2026 is 21.03.

The latest P/B ratio of HDB Financial Services as of 03-Jun-2026 is 2.61.

The 52-week high of HDB Financial Services is ₹891.6 and the 52-week low is ₹557.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HDB Financial Services is ₹18,430 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that HDB Financial Services Ltd is a average quality company.

The key valuation ratios of HDB Financial Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HDB Financial Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About HDB Financial Services Ltd

HDB Financial Services was incorporated as ‘HDB Financial Services Limited’ under the Companies Act, 1956 pursuant to a certificate of incorporation dated June 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad (RoC) and commenced operations pursuant to a certificate for commencement of business dated July 31, 2007 issued by the RoC. The RBI granted a certificate of registration dated December 31, 2007, to the company to carry on the business of a nonbanking financial institution without accepting public deposits.

The company is the largest leading, diversified retail-focused non-banking financial company (NBFC) in India. The company is categorized as an Upper Layer NBFC (NBFC-UL) by the RBI pursuant to a certificate of registration (N.01.00477) dated December 31, 2007 and is registered with the IRDAI as a corporate agent (composite) pursuant to a certificate of renewal registration dated March 10, 2025. The Upper Layer comprises of NBFCs that are specifically identified by the RBI as warranting enhanced regulatory requirement based on a set of parameters and scoring methodology, as mentioned by the RBI from time to time. Further, the top ten eligible NBFCs in terms of their asset size shall always reside in the upper layer, irrespective of any other factor. 

It began its journey in 2007 as a subsidiary of HDFC Bank, which is the largest private sector bank in India in terms of total assets as at March 31, 2025, with businesses (including those of its subsidiaries) spanning across retail and commercial banking, asset management, life insurance, general insurance and broking. Under HDFC Bank’s parentage, it has embedded a philosophy of balancing between delivering long-term sustainable growth and profitability. It has derived benefits from HDFC Bank’s parentage, including its brand recognition, while still establishing a set-up independent from HDFC Bank across its various functions including sourcing, underwriting, operations and risk management functions.

It is a diversified NBFC, with a goal of having an optimal mix across products, while maintaining a balanced approach to secured and unsecured loans in its loan book. The company’s strategy of portfolio diversification across both products and geographies creates a strong and sustainable franchise. its diversified product portfolio serves multiple credit needs of customers across three business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance. It also offers business process outsourcing (BPO) services such as back-office support services, collection and sales support services to its Promoter as well as fee-based products such as distribution of insurance products primarily to its lending customers.

Business area of the company

The company provides lending services and business process outsourcing services. The company also provides services related to the marketing and promotion of various financial products.

Awards, accreditations, and recognition

  • 2022: The company has received the ‘Best CSR Impact Award at the 5th edition of Corporate Social Responsibility Summit & Awards, 2022’ by Banking Frontiers.
  • 2022: The company has received the ‘Special Jury Award for the Transport Aarogyam Kendra Initiative’ at Distinguished NBFC Awards, 2022.
  • 2023: The company’s film ‘Moving Ahead Together’ has received the ‘Best CSR Activities & Community Development Film’ Award by Socio Corpo India Private Limited at the 2nd Socio CSR Film Festival & Awards, 2023’ (India’s largest CSR Film Festival)
  • 2024: The company has been certified as a ‘Great Place To Work’ for the year January 2024 -January 2025.
  • 2024: The company has been recognised for being among the best in the industry by Great Place for Work India.
  • 2024: The company has received the ‘Ambition Box Employee Choice Award, 2024’ given by AmbitionBox.
  • 2024: The company has received the 3rd edition of NBFC’s Tomorrow Conclave & DNA Awards, 2023 in the Best Cyber Initiative Category by Banking Frontiers.
  • 2025: The company has been certified as a ‘Great Place To Work’ for the year January 2025 - January 2026.
  • 2025: The company is recognized as TOP 25 best workplaces in BFSI 2025 by great place to work.

History and milestones

  • 2008: The company opened its first branch in Chennai, Tamil Nadu
  • 2010: The company introduced commercial vehicle loans
  • 2010: The company introduced loans against gold
  • 2011: The company was accredited with CARE AAA credit rating for its non-convertible debentures issue.
  • 2011: The company achieved a branch count of 100 across India.
  • 2011: The company introduced auto loans.
  • 2011: The company introduced commercial equipment loans.
  • 2012: The company achieved AUM of Rs 100,000 million.
  • 2015: The company achieved a branch count of 500 across India.
  • 2016: The company achieved a branch count of 1,000 across India.
  • 2016: The company introduced consumer durables loans in Tamil Nadu.
  • 2017: The company introduced tractor finance loans in its states of Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, Gujarat and Maharashtra.
  • 2017: The company introduced digital product loans.
  • 2018: The company introduced two-wheeler loans.
  • 2019: The company achieved AUM of Rs 500,000 million.
  • 2020: The company introduced micro finance loans.
  • 2020: The company introduced lifestyle finance loans.
  • 2021: The company achieved AUM of Rs 600,000 million.
  • 2023: The company achieved a branch count of 1,500 across India.
  • 2024: The company achieved AUM of Rs 1,000,000 million.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×