HDB FINANCIAL SERVICES LIMITED
₹498.55-₹1.15 (-0.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹63,772 Cr
- P/E
- 29.6x
- EV / EBITDA
- 14.4x
- Revenue
- ₹16,300 Cr
- Net margin
- 17.4%
- ROCE
- 8.8%
Price chart
Technical chartScreen technicals →-32.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -19.7%
- 3M
- -26.8%
- 6M
- -24.0%
- 1Y
- -32.1%
- 5Y
- -41.0%
52-week range
Day change -₹1.15 (-0.2%) from ₹500 to ₹499 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in HDBFS, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Revenue grew 15.0% YoY
Concerns1
- Negative free cash flow (₹12467 Cr)
Rule-based from financial data. Not advice.
About the company
HDB Financial Services Limited operates as a non-banking financial company that provides lending and business process outsourcing services in India.
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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.
- Sector
- Financial Services
- Shares outstanding
- 83.0 Cr shares
- ISIN
- INE756I01012
- BSE code
- 544429
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹63,772 Cr
- P/E
- 29.6x
- P/B
- 3.3x
- EV / EBITDA
- 14.4x
- EV / Sales
- 8.5x
- P/S
- 4.5x
- Earnings yield
- 3.4%
- 52-week high
- ₹774.50
- 52-week low
- ₹498.55
Profitability
- Operating margin
- 59.0%
- Net margin
- 17.4%
- EBITDA margin
- 59.0%
- ROE
- 13.8%
- ROCE
- 8.8%
- ROA
- 2.7%
- Dividend payout
- 10.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 0.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹16,300 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,357 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 33.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -11.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹16,736 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 144.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹303 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.1%
Solvency and efficiency
- Current ratio
- 20.53
- Debt / Assets
- 0.80
- Debt / EBITDA
- 8.89
- Financial leverage
- 6.73
- CFO / Net profit
- -6.80
- Cash / Market cap
- 139.0%
- Cash per share
- ₹1,067.78
- Asset turnover
- 0.15
- Fixed asset turnover
- 27.74
- Capital intensity
- 0.04
- Debtor days
- 3 days
- Cash conversion cycle
- 3 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹13 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹6,745 Cr |
| Sales | Operating profit | ₹9,555 Cr |
| Operating profit | Interest | ₹6,433 Cr |
| Operating profit | Depreciation | ₹194 Cr |
| Operating profit | Profit before tax | ₹2,928 Cr |
| Profit before tax | Tax and other | ₹752 Cr |
| Profit before tax | Net profit | ₹2,176 Cr |
Revenue and net profit
Revenue grew 15.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹10,945 Cr | ₹391 Cr |
| FY2022 | ₹11,312 Cr | ₹1,011 Cr |
| FY2023 | ₹12,403 Cr | ₹1,959 Cr |
| FY2024 | ₹14,173 Cr | ₹2,461 Cr |
| FY2025 | ₹16,300 Cr | ₹2,176 Cr |
Cash flows
FY2025: -₹13,626 Cr from operations, -₹12,467 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹342 Cr | -₹211 Cr |
| FY2022 | ₹1,987 Cr | ₹1,284 Cr |
| FY2023 | -₹6,851 Cr | -₹5,878 Cr |
| FY2024 | -₹16,736 Cr | -₹18,882 Cr |
| FY2025 | -₹13,626 Cr | -₹12,467 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹16,300 Cr+15.0%1Y
- Net profit
- ₹2,176 Cr-11.6%1Y
- Cash from operations
- -₹13,626 Cr
- Free cash flow
- -₹12,467 Cr
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹16,300 Cr | ₹9,555 Cr | — | ₹2,176 Cr | -₹13,626 Cr | -₹12,467 Cr | 13.8% | +15.0% | -11.6% |
Monthly returns
Month-by-month returns of HDBFS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1.1 L Cr |
| Equity capital | ₹796 Cr |
| Reserves | ₹15,024 Cr |
| Borrowings | ₹87,398 Cr |
| Other liabilities | ₹5,446 Cr |
| Assets | ₹1.1 L Cr |
| Fixed assets | ₹735 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹2,060 Cr |
| Other assets | ₹1.1 L Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
HDBFS trades at 29.6x earnings against a peer median of 26.9x (a 10% premium).
Not shown (no positive earnings and no EV / Sales): IndusInd Bank Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| HDB FINANCIAL SERVICES LIMITEDHDBFSthis companyP/E ↑ premium | ₹63,772 Cr | 29.6x | 3.3x | 13.8% | 14.4x |
| IDFC FIRST BANK LIMITEDIDFCFIRSTB | ₹71,318 Cr | 48.9x | 1.3x | 4.0% | — |
| IndusInd Bank Ltd.INDUSINDBK | ₹70,915 Cr | — | 1.1x | 4.1% | — |
| Indian Overseas BankIOB | ₹68,014 Cr | 16.0x | 2.0x | 10.2% | — |
| Bank of IndiaBANKINDIA | ₹67,198 Cr | 6.8x | 0.8x | 11.7% | — |
| General Insurance Corporation of IndiaGICRE | ₹64,377 Cr | 7.6x | 1.0x | 11.6% | 7.0x |
| Federal Bank Ltd.FEDERALBNK | ₹61,370 Cr | 16.1x | 1.7x | 12.1% | — |
| Multi Commodity Exchange of India LtdMCX | ₹58,489 Cr | 109.0x | 28.0x | 21.5% | 556.5x |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITEDNAM-INDIA | ₹56,918 Cr | 43.3x | 13.6x | 31.2% | 42.8x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
HDBFS since 1 January, against earlier years.
Historical volatility
HDBFS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 41.0% |
| FY2022 | 42.0% |
| FY2023 | 50.0% |
| FY2024 | 59.0% |
| FY2025 | 59.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹16,300 Cr |
| Costs | |
| Interest | ₹6,433 Cr |
| Expenses | ₹6,745 Cr |
| Operating profitOperating Profit | ₹9,555 Cr |
| Other income and charges | |
| Profit before tax | ₹2,928 Cr |
| Tax | |
| Net profitNet Profit | ₹2,176 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1.1 L Cr |
| Equity capitalEquity Capital | ₹796 Cr |
| Reserves | ₹15,024 Cr |
| Borrowings | ₹87,398 Cr |
| Other liabilitiesOther Liabilities | ₹5,446 Cr |
| AssetsTotal Assets | ₹1.1 L Cr |
| Fixed assetsFixed Assets | ₹735 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹2,060 Cr |
| Other assetsOther Assets | ₹1.1 L Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹13,626 Cr |
| Investing cash flowCash from Investing Activity | ₹1,159 Cr |
| Financing cash flowCash from Financing Activity | ₹12,770 Cr |
| Change in cashNet Cash Flow | ₹303 Cr |
Learn while you research
Academy chapters picked for HDB FINANCIAL SERVICES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read