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×

hdb financial services Limited

600.00
-2.44 %
Scrip Name
HDBFSL
ISIN No.
INE756I01012
PAN No.
AABCH8761M
Face Value
10
No. of Outstanding Shares
790,440,031
Market Capitalization
47,426.40 Crore

HDB 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 was established in 2007 and is a well-known high-capital company. HDB Financial Services Limited has obtained CARE AAA and CRISIL AAA certifications for non-convertible debt, subordinated bonds, perpetual bonds, and banking services, an A1+ rating for short-term debt, and CARE PP-MLD AAA and CRISIL PP-MLD-AAAr for market-linked debentures making it a strong and reliable financial institution. The current product portfolio consists of Loans, Fee-based products, and BPO services.


The company has a strong presence even in non-metro cities, with over 1374 specialized branch locations, and has increased its national footprint to over 989 cities.


The company provides a wide range of credit products (both secured and unsecured) to various customer groups such as Personal Loans, Business Loans, Loans Against Property, Enterprise Business Loans, Gold Loans, Car Loans, Loans Against Shares, Loans Against Securities, Commercial Vehicle Loans, Construction Equipment Loans, and Consumer Durable Loans are part of our product offering.


The company is a registered corporate insurance agent approved by the Insurance Regulatory and Development Authority of India (IRDAI). 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 center management, outbound marketing, and debt collection services.


INCORPORATION DETAILS

CIN

U65993GJ2007PLC051028

Registration Date

04 June 2007

GST No.


24AABCH8761M1Z7

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

% of the total turnover of the company

Non-Banking Financial Services (Lending)

649

79.10%

BPO Services

820

20.90%

 

BOARD OF DIRECTORS

Mr. Aditya Puri (Chairman & Non-Executive Director)

Ms. SmitaAffinwala(Independent Director)

Dr. Amla Samanta (Independent Director)

Ms. Arundhati Mech (Independent Director)

Mr. Venkatraman Srinivasan (Independent Director)

Mr. Adayapalam Viswanathan (Independent Director)

Mr. G. Ramesh (Managing Director & Chief Executive Officer)

 

SHAREHOLDING PATTERN

(As on 31-03-2022)

S. No.

Shareholders’ Name

No. of Shares

% of total Shares of the company

1

HDFC Bank Limited

75,05,96,670

94.96

2

Others

3,98,43,361

5.04


Total

79,04,40,031

100


INDUSTRY OUTLOOK

Due to their core business strategy, NBFCs have been negatively hit by the pandemic. As a result of the pandemic's stress on demand-side drivers, NBFCs found it difficult to find creditworthy projects and borrowers to lend to. This was exacerbated by asset quality concerns, such as the potential to the ability of borrowers to repay their debts has been harmed.


In the first quarter of this fiscal year, NBFCs had to deal with yet another round of business stoppages as the second wave spread over the country. In the first half, it also saw some regulatory support in terms of restructuring for covid affected borrowers. With covid still at a low level, the second half of the fiscal year saw an increase in disbursements and a significant improvement in collection efficiencies.


New business for NBFCs is predicted to improve gradually and consistently in fiscal 2023. Some industries, such as airline services (at 0.6x fiscal 2019), hotel services (0.7x), commercial vehicles (0.7x), and two-wheelers (0.7x), have been laggards in revenue recovery in fiscal 2022 compared to fiscal 2019 (pre-covid), are likely to exhibit a slight rise (0.8x).


Some NBFCs may face asset quality issues in the first part of fiscal 2023, which will be largely influenced by the performance of their restructured book. However, barring any shocks on the covid front or a lengthy impact from geopolitical unrest, the fiscal is projected to carry on the momentum achieved in the previous two quarters and see a continuous moderate growth path through the year.


KEY FINANCIALS OF HDB FINANCIAL SERVICES LIMITED (In Rs. Crore)

(As of 31-03-2018 to 31-03-2022)

Particulars 

2022

2021

2020

2019

2018

Revenue from Operations

11,306.29

10,944.80

10,756.50

8,724.81

7,027.12

EBITDA

4772

4,491.40

5,655.60

5,119.31

3,930.49


EBITDA margin

42.20%

41.04%

52.58%

58.68%

55.93%

Finance Cost

3,325.50

3,882.90

4,081.40

3,333.33

2,449.07

Depreciation

98.94

107.80

109.70

61.92

45.31

Other Income

0.00

0.00

0.00

0.00

0.00

Profit Before Tax (PBT)

1347.56

500.70

1,464.50

1,724.06

1,436.11

Tax

336.16

109.20

459.70

570.82

503.09

Profit After Tax (PAT)

1,011.40

391.50

1,004.80

1,153.24

933.02

PAT margin

8.95%

3.58%

9.34%

13.22%

13.28%

Earnings per share basic (EPS) (In Rs.)

12.81

4.97

12.78

14.71

11.94

Earnings per share Diluted (EPS) (In Rs.)

12.80

4.97

12.77

14.69

11.92

 

BANKING PARAMETERS of HDB FINANCIAL SERVICES LIMITED (In Rs. Crore)

(As of 31-03-2018 to 31-03-2022)

Particulars (In Rs. Crore)

2022

2021

2020

2019

2018

Interest Income

8,363.00

8,487.88

8,233.47

6,712.12

5,331.29

Loan disbursement

29,033

24,990

29,583

31,654

25,341

Net Interest Margins

8.42%

7.73%

7.27%

6.76%[AJ1]

7.28%

Gross NPA

4.95%

4.47%

3.83[AJ2] %

1.83%

1.66%

Net NPA

2.44%

3.20%

3.15%

1.26%

1.13%

CRAR

20.22%

18.89%

19.36%

17.91%

18.01%

ROE

10.61%

4.64%

12.56%

16.10%

15.37%

 

BALANCE SHEET OF HDB FINANCIAL SERVICES LIMITED (In Rs. Crore)

(As of 31-03-2018 to 31-03-2022)

PARTICULARS

2022

2021

         2020

2019

2018

ASSETS






FINANCIAL ASSETS






Cash and Cash equivalents

683.97

976.4

563.18

488.51

137.4

Investments

2,233.51

1,592.90

1,827.08

    568.36

401.50

Loans

57,162.45

58,601.40

57,145.88

54,709.41

44,268.31

Other financial assets

456.42

366.5

299.26

109.79

64.71

TOTAL FINANCIAL ASSETS

60,536.35

61,537.30

59,835.4

55,876.07

44,871.92

NON FINANCIAL ASSETS






Tax assets

1,064.51

787

493.04

421.70

311.14

Property plant and equipment

78.14

91.5

124.48

113.89

129.72

Intangible assets

12.01

8

9.07

9.14

7.30

Other non financial assets

202.49

217

252.47

NIL

NIL

TOTAL NON FINANCIAL ASSETS

1,357.15

1,103.80

879.06

544.73

448.16

TOTAL ASSETS

61.893.50

62,641.10

60,714.46

   56,420.8

45,320.08

EQUITY AND LIABILITIES






Equity share capital

790.44

789.2

787.58

785.70

782.94

Other Equity

8,749.29

7,657

7,230.22

6,392.78

5,257.41

TOTAL EQUITY

9,539.73

8,446.2

8,017.8

7,178.48

6,040.35

LIABILITIES






FINANCIAL LIABILITIES






Payables

246.91

334.2

149.99

394.91

279.50

Borrowing and Debt securities

44,834.03

46,371.20

46,173.54

42,215.32

33,760.71

Subordinate liabilities

4,139.05

3,987.60

3,630.55

2,889.78

1,992.50

Other Financial liabilities

2,708.72

2,887.60

2,254.38

2,623.80

2,279.28

TOTAL FINANCIAL LIABILITIES

51,928.71

53,580.70

52,208.46

48,123.81

38,311.99

NON-FINANCIAL LIABILITIES






Tax Liabilities

59.73

173.10

74.6

56.12

38.35

Provisions

314.75

319.80

286.86

1,101.54

964.05

Other non-financial liabilities

183.02

121.30

126.74

80.37

91.78

TOTAL NON FINANCIAL LIABILITIES

557.50

614.20

488.2

1,238.03

1,094.18

TOTAL EQUITY AND LIABILITIES

62,025.94

62,641.10

60,714.46

56,540.32

45,446.52

 

DIVIDEND, RETAINED EARNINGS, AND BOOK VALUE

(As of 31-03-2018 to 31-03-2022)

PARTICULARS

2022

2021

2020

2019

2018

Dividend (In Rs.)

1.00

NIL

Nil

1.8

0.9

Retained Earnings (In Rs. Crore)

4,427.10

3,617.98

3,304.80

2,656.10

1,799.59

Book Value per share(In Rs.)

120.69

107.02

101.8

91.36

79.22

 

PERFORMANCE OF THE COMPANY

HDB Financial services total revenue from operations increased slightly by 3.30% in FY 2022, from Rs. 10,994.80 Crores in FY 2021 to Rs. 11,306.29Crores in FY 2022.


EBITDA of the company has been increased by 6.25% in FY 2022 to Rs. 4772 Crores from Rs. 4491.40 Crores in FY 2021. It was mainly because of the Interest paid during the FY 2021. Due to this EBITDA margin also increased from 41.04% in FY 2021 to 42.20% in FY 2022.


The company does not earn any other income besides Operational Income.


The company’s Profit After Tax has seen the growth of 61.29% from Rs. 391.50 Crores in FY 2021 to Rs. 1011.40 Crores in FY 2022.


The company’s Asset Under Management (AUM) increased by 0.19% to Rs. 61,444 Crore in FY 2022.


On March 31, 2022 Capital Adequacy Ratio was 20.22%. Which is sufficiently above the minimum regulatory norms for non-deposits accepting NBFCs.


Interest Income in FY 2022 has increased by just 1.48% and has reached Rs.8362.97 Crores against the interest income of Rs. 8,487.88 crore in FY 2021.


The company’s financial assets have grown by 1.62% in FY 2022 to Rs. 60,668.79 Crores from Rs. 61,537.26 Crores in FY 2021.


Loan disbursements have increased by around 16.18% in FY 2022.


Net NPA has decreased by 25.6% in FY 2022 as compared to an increase of 3.20% in FY 2021.


In the financial year 2021–2022, the company paid a dividend of Rs. 1.00; in the previous year, the company did not pay any dividend.



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