H91DB FINANCIAL SERVICES LIMITED UNLISTED SHARE
HDB Financial Services Limited (HDBFS) is a leading non-bank financial company (NBFC) that meets the growing needs of emerging India while serving residential and corporate clients. The company wasestablished in 2007 and is a well-known high-capital company. HDB Financial Services Limitedhas obtained CARE AAA and CRISIL AAA certifications for long-term debt and banking services, and an A1+ rating for short-term debt and commercial paper, making it a strong and reliable financial institution. The current product portfolio consists of Loans, Fee based products and BPO services.
The company provides a wide range of credit products (both secured and unsecured) to various customer groups, including consumer loans, Enterprise loans and Asset financing.
The company is a registered company insurance agent approved by the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI extended the company's license from April 1, 2019 to March 31, 2022 for a period of three years.
The company has obtained an AMFI registration number from the Mutual Fund Association of India.
The company also sells third-party products, such as extended warranty and roadside assistance.
HDB's BPO service department provides administrative services such as form processing, document review, financial and accounting services, and correspondence management. The Company also provides front office services, such as contact centre management, outbound marketing and debt collection services.
INCORPORATION DETAILS
CIN | U65993GJ2007PLC051028 |
Registration Date | 04 June 2007 |
Category / Sub-Category of the Company | Public company limited by shares |
Address of the Registered office and contact details | Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380 009 Tel No.: +91 79 48914514 Website: www.hdbfs.com Email: compliance@hdbfs.com |
Name, Address & contact details of the Registrar & Transfer Agent, if any | M/s. Link Intime India Private Limited C 101, 247 Park, L.B.S. Marg Vikhroli (West), Mumbai - 400 083 Email : rnt.helpdesk@linktime.co.in. Tel No: +91 22 49186000 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products / services | NIC Code of the Product/ service | % to total turnover of the company |
Non-Banking Financial Services (Lending) | 649 | 80.35 |
BOARD OF DIRECTORS
Mr. Aditya Puri (Chairman & Non Executive Director)
Mr. Jimmy Tata (Non Executive Director)
Ms. SmitaAffinwalla (Independent Director)
Dr. Amla Samanta (Independent Director)
Mr. Venkatraman Srinivasan (Independent Director)
Mr. Adayapalam Viswanathan (Independent Director)
Mr. G. Ramesh (Managing Director & Chief Executive Officer)
HDB FINANCIAL SERVICES LIMITED Unlisted Shares Details:
Total Available Shares: | 78,57,79,656 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE756I01012 |
PAN No. | AABCH8761M |
Last Traded Price: | Rs.845 |
Lot Size: | 100 |
Market Capitalisation: | Rs. |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholders’ Name | No. of Shares | % of total Shares of the company |
1 | HDFC Bank Limited | 75,05,96,670 | 95.3 |
2 | Others | 3,69,82,986 | 4.7 |
Total | 78,57,79,656 | 100 |
INDUSTRY OUTLOOK
The major failures of NBFC and HFC in 2018-19 cast a shadow on the NBFC sector throughout the year. NBFC saw asset quality deteriorate in the first half of 2019-20. The gross NPA ratio of the NBFC sector increased to 6.3% at September-end 2019 from 6.1% at March-end 2019. However, the net NPA ratio remained stable at 3.4% between the end of March 2019 and the end of September 2019.
RBI has announced various measures, as a part of response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. NBFC's role in loan brokerage business is growing. The default by a large NBFC brought the focus on the asset liability mismatches of NBFCs, which poses risks to the NBFC sector as well as the financial system as a whole. To cope up with this issue, RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5000 Crore.
As per the new rule, NBFCs are required to maintain high quality liquid assets to easily deal with net cash outflow in stressed scenarios. From December 2020, NBFC must reach 100% LCR within 4 years.
NBFC’s business mainly comes from informal and self-employed sector, so it will have a significant impact on sales fluctuations due to the congestion and interruption of customer terminals caused by Covid-19.
KEY FINANCIALS OF HDB FINANCIAL SERVICES LIMITED (In Rs. Crore)
Particulars | 2021 | 2020 | 2019 | 2018 |
Revenue from Operations | 10,944.80 | 10,756.50 | 8,724.81 | 7,027.12 |
EBITDA | 4,491.40 | 5,655.60 | 5,119.31 | 3,930.49 |
EBITDA margin | 41.04% | 52.58% | 58.68% | 55.93% |
Finance Cost | 3,882.90 | 4,081.40 | 3,333.33 | 2,449.07 |
Depreciation | 107.80 | 109.70 | 61.92 | 45.31 |
Other Income | 0.00 | 0.00 | 0.00 | 0.00 |
Profit Before Tax (PBT) | 500.70 | 1,464.50 | 1,724.06 | 1,436.11 |
Tax | 109.20 | 459.70 | 570.82 | 503.09 |
Profit After Tax (PAT) | 391.50 | 1,004.80 | 1,153.24 | 933.02 |
PAT margin | 3.58% | 9.34% | 13.22% | 13.28% |
Earnings per share (EPS) (In Rs.) | 4.97 | 12.78 | 14.71 | 11.94 |
BANKING PARAMETERS of HDB FINANCIAL SERVICES LIMITED(In Rs.Crore)
Particulars (In Rs. Crore) | 2020 | 2019 |
Interest Income | 8,233.47 | 6,712.12 |
Loan disbursement | 29,583 | 31,654 |
Net Interest Margins | 7.20% | 6.20% |
Gross NPA | 4.20% | 1.86% |
Net NPA | 3.20% | 1.26% |
CRAR | 19.36% | 17.91% |
ROE | 11.84% | 16.01% |
BALANCE SHEET OF HDB FINANCIAL SERVICESLIMITED (In Rs. Crore)
PARTICULARS | 2021 | 2020 |
ASSETS | ||
FINANCIAL ASSETS | ||
Cash and Cash equivalents | 976.4 | 563.18 |
Investments | 1,592.90 | 1,827.08 |
Loans | 58,601.40 | 57,145.88 |
Other financial assets | 366.5 | 299.26 |
TOTAL FINANCIAL ASSETS | 61,537.30 | 59,835.4 |
NON FINANCIAL ASSETS | ||
Tax assets | 787 | 493.04 |
Property plant and equipment | 91.5 | 124.48 |
Intangible assets | 8 | 9.07 |
Other non financial assets | 217 | 252.47 |
TOTAL NON FINANCIAL ASSETS | 1,103.80 | 879.06 |
TOTAL ASSETS | 62,641.10 | 60,714.46 |
EQUITY AND LIABILITIES | ||
Equity share capital | 789.2 | 787.58 |
Other Equity | 7,657 | 7,230.22 |
TOTAL EQUITY | 8,446.2 | 8,017.8 |
LIABILITIES | ||
FINANCIAL LIABILITIES | ||
Payables | 334.2 | 149.99 |
Borrowing and Debt securities | 46,371.20 | 46,173.54 |
Subordinate liabilities | 3,987.60 | 3,630.55 |
Other Financial liabilities | 2,887.60 | 2,254.38 |
TOTAL FINANCIAL LIABILITIES | 53,580.70 | 52,208.46 |
NON-FINANCIAL LIABILITIES | ||
Tax Liabilities | 173.10 | 74.6 |
Provisions | 319.80 | 286.86 |
Other non financial liabilities | 121.30 | 126.74 |
TOTAL NON FINANCIAL LIABILITIES | 614.20 | 488.2 |
TOTAL EQUITY AND LIABILITIES | 62,641.10 | 60,714.46 |
DIVIDEND, RETAINED EARNINGS AND BOOK VALUE
PARTICULARS | 2020 | 2019 | 2018 | 2017 |
Dividend (In Rs.) | Nil | 1.8 | 0.9 | 0.9 |
Retained Earnings (In Rs. Crore) | 3,304.80 | 2,656.10 | 1,799.59 | 1,194.33 |
Book Value per share(In Rs.) | 101.8 | 91.36 | 79.22 | 68.73 |
PERFORMANCE OF THE COMPANY
HDB Financial services total revenue from operations increased slightly by 1.75% in FY 2021, from Rs. 10,756.5 Crores in FY 2020 to Rs. 10,994.80 Crores in FY 2021.
EBITDA of the company has been decreased by 20.58% in FY 2021 to Rs. 4,491.40 Crores from Rs. 5,655.60 Crores in FY 2020. It was mainly because of the Interest paid during the FY 2021. Due to this EBITDA margin also decreased from 52.58% in FY 2020 to 41.04% in FY 2021.
Company does not earn any other income besides Operational Income.
Company’s Profit After Tax has seen a huge fall of 61% from Rs.1,004.8 Croresin FY 2020 to Rs. 391.50 Crores in FY 2021.
Company’s Asset under Management (AUM) increased by 6.1% to Rs. 58,833 Crore in FY 2020.
On March 31,2020, Capital Adequacy Ratio was 19.36%. Which is sufficiently above the minimum regulatory norms for non-deposits accepting NBFCs.
Interest Income in FY 2021 has increased by just 3.09% and has reached Rs.8,487.9Crores against the interest income of Rs. 8,233.5 crore in FY 2020.
Company’s financial assets have grown by 2.84% in FY 2021 to Rs. 61,537 Crores from Rs. 59,835 Crores in FY 2020.
Loan disbursements have increased by around 7% in FY 2020.
Net NPA has increased to 3.20%in FY 2020 as compared to 1.26% in FY 2019.
The Company has paid dividend consistently. However, this year the Company has not given any dividend for FY 2020
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