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HDFC Securities Annual Reports, Balance Sheet and Financials

HDFC Securities Limited (HDFC Securities) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
HDFC Securities Limited

 

 

Hdfc Securities Limited Balance Sheet (Amt. in Lakhs)

 

 

PARTICULARS 2024 2023 2022 2021
ASSETS        
Financial Assets        
Cash and cash equivalents 79,811 39,210 1,31,792 59,854
Bank Balance other than above 4,57,774 3,19,980 2,28,091 1,57,981
Receivables        
Trade Receivables 1,28,657 40,727 50,586 43,961
Other Recievables - - - -
Loans 6,02,524 2,74,757 3,28,348 1,67,415
Investments 1,00,533 1,21,361 24,377 23,595
Other Financial Assets 9,246 3,908 6,102 4,385
  13,78,545 7,99,943 7,69,296 4,57,191
Non-Financial Assets        
Current tax assets (Net) 4,156 3,829 3,049 2,232
Deferred tax Assets (Net) - - - 61
Investment Property 1,341 1,368 1,397 1,424
Property, Plant and Equipment 6,164 8,051 7,584 6,015
Right-of-use assets 6,677 5,487 6,147 5,285
Capital work-in-progress 45 112 319 494
Intangible assets under development 507 2,743 1,151 585
Other Intangible assets 8,145 2,908 1,968 1,638
Other non-financial assets 4,727 3,213 1,343 966
  31,762 27,711 22,958 18,700
TOTAL ASSETS 14,10,307 8,27,654 7,92,254 4,75,891
LIABILITIES AND EQUITY        
LIABILITIES        
Financial Liabilities        
Payables        
Trade Payables        
- total outstanding dues of micro enterprises and small enterprises 28 20 11 28
- total outstanding dues of creditors other than micro enterprises and small enterprises 2,17,425 98,171 1,42,057 1,03,959
Other Payables        
- total outstanding dues of micro enterprises and small enterprises - - - -
- total outstanding dues of creditors other than micro enterprises and small enterprises - - - -
Borrowings 9,53,251 5,25,410 4,61,914 2,04,043
Lease Liabilities 7,778 6,491 6,936 5,990
Other financial liabilities 21,207 12,450 469 291
  11,99,689 6,42,542 6,11,387 3,14,311
Non-Financial Liabilities        
Current tax liabilities (Net) 779 179 179 179
Provisions 1,501 1,460 11,733 8,747
Deferred tax liabilities (Net) 331 367 280 -
Other non-financial liabilities 5,083 3,392 2,884 4,623
  7,694 5,398 15,076 13,549
Equity        
Equity Share capital 1,597 1,589 1,583 1,577
Other Equity 2,01,327 1,78,125 1,64,208 1,46,454
  2,02,924 1,79,714 1,65,791 1,48,031
TOTAL LIABILITIES AND EQUITY 14,10,307 8,27,654 7,92,254 4,75,891

Hdfc Securities Limited Profit & Loss Statement (Amt. in Lakhs)

 

 

PARTICULARS 2024 2023 2022 2021
Revenue from operations        
Brokerage and Fee Income 1,59,717 1,18,240 1,40,937 1,14,024
Interest Income 1,03,072 64,765 52,804 21,110
Sale of Services 489 1,146 1466 560
Net gain on fair value changes 2,498 4,739 2132 907
Rental Income 221 221 207 207
Dividend Income 15 16 11 8
Total Revenue from operations 2,66,012 1,89,127 1,97,557 1,36,816
Other Income 61 36 1,474 3,127
Total Income 2,66,073 1,89,163 1,99,031 1,39,943
Expenses        
Finance Costs 60,050 29,588 15,634 5,307
Impairment on financial instruments 1,433 2,098 590 705
Employee Benefits Expenses 38,452 27,471 25,740 23,357
Depreciation, amortization and impairment 6,392 5,745 4,230 3,629
Other expenses 32,603 20,071 20,806 12,385
Total Expenses 1,38,930 84,973 67,000 45,382
Profit before tax 1,27,143 1,04,190 1,32,031 94,561
Tax expense        
Current Tax 32,102 26,334 33,217 24,074
Deferred Tax -48 134 380 165
Total tax expense 32,054 26,468 33,597 24,239
Profit for the year 95,089 77,722 98,434 70,323
Other comprehensive income :        
Items that will not be reclassified to profit or loss:        
Re-measurement gains / (losses) on defined benefit plans 47 -182 -155 3
Income tax effect -12 46 39 -1
Other comprehensive income for the year, net of tax 35 -136 -116 2
Total comprehensive income for the period, net of tax 95,124 77,586 98,318 70,325
Earnings per equity share - [Nominal value of the shares Rs.10]        
Basic (in Rs.) 597.42 490.22 623.21 446.64
Diluted (in Rs.) 597.36 489.84 621.78 446.54

Hdfc Securities Limited Consolidated Cash Flow Statement (Amt. in Lakhs)

 

 

PARTICULARS 2024 2023 2022 2021
Cash Flow from operating activities        
Profit before tax 1,27,143 1,04,190 1,32,031 94,561
Adjustments        
Depreciation & Amortization 6,392 5,745 4,230 3,629
Share based payments to employees 3,113 2,574 2,775 1,807
Impairment on financial instruments 1,433 2,098 590 705
Loss on sale / w/off of Property, Plant & Equipment -18 124 -4 -8
Rental income from investment property -221 -221 -207 -207
Changes in fair value of investment -2,867 -4,739 -2,132 -907
Finance Costs 59,504 29,020 15,634 5,307
Interest income -5,357 -2,659 - -5
Dividend Income -15 -16 -11 -8
  1,89,107 1,36,116 1,52,905 1,04,874
Working capital adjustments:        
Decrease / (Increase) in Other Bank Balance -1,37,794 -83,649 -75,110 -59,446
Decrease / (Increase) in trade receivables -89,360 7,761 -7,215 -28,128
Decrease / (Increase) in loans -3,27,767 53,591 -1,60,933 -1,44,572
Decrease / (Increase) in Other financial assets -5,338 -7,089 -1,717 18,050
Decrease / (Increase) in Other non-financial assets -1,513 46 -378 -424
Increase/ (Decrease) in trade and other payables 1,19,262 -43,878 38,081 38,749
Increase/ (Decrease) in lease liability - - 946 -30
Increase/ (Decrease) in other financial liabilities 8,757 2,386 178 -389
Increase/ (Decrease) in Provisions 88 -860 2,831 1,618
Increase/ (Decrease) in Other non-financial liabilities 1,690 -345 -1,739 670
  -2,42,868 64,079 -52,151 -69,029
Income tax paid -31,829 -27,114 -34,034 -24,684
Net Cash Flow (used in) / from operating activities (A) -2,74,697 36,965 -86,185 -93,713
Investing activities        
Purchase of property, plant and equipment, intangible assets -16,012 -12,633 -7,351 -5,871
Proceeds from sale of property, plant and equipment, intangible assets 7,428 4,642 - -
Rental income received 221 221 207 207
Purchase of investments -600 -92,298 -3,347 -21,004
Proceeds from sale of investments 24,295 54 4,696 1,178
Dividend received 15 16 11 8
Interest received 5,357 2,659 - 5
Net cash flows (used in) / from investing activities (B) 20,704 -97,339 -5,782 -25,477
Financing activities:        
Proceeds from Issuance of equity share capital 8 6 3,130 1,236
Increase/ (Decrease) from Issuance of Other Equity -1,436 -1,250 - -
Proceeds from Issuance of securities premium 5,960 4,798 - -
Proceeds from share application money 1,683 - - -
Increase/ (Decrease) in lease liability 1,287 -445 - -
Proceeds from Issuance of debt securities 32,47,841 19,35,096 16,81,914 4,18,996
Redemption of debt securities -28,20,000 -18,71,600 -14,25,000 -2,85,000
Bank guarantee charges -426 -372 - -
Interest Paid - Others -59,078 -28,648 -14,677 -4,350
Dividend paid, including dividend tax -81,246 -69,791 -86,462 -50,098
Net cash flows from financing activities 2,94,594 -32,206 1,58,905 80,784
Net increase in cash and cash equivalents (A+B+C) 40,601 -92,581 66,937 -38,406
Cash and Cash equivalents at the beginning of the year 39,210 1,31,791 64,854 98,260
Cash and Cash equivalents at the end of the year 79,811 39,210 1,31,792 59,854

Let 's break down the Cash Flow Statement for the years 2024, 2023, 2022 and 2021, activity-wise:

 

Operating Activities:

- Net cash flow from operating activities fluctuated significantly over the years, ranging from negative 2,74,697 lakhs in 2024 to positive 36,965 lakhs in 2023.

- Working capital adjustments contributed significantly to these fluctuations, with large decreases or increases in other bank balances, trade receivables, loans, and other financial assets.

- Income tax paid also varied, contributing to the overall cash flow from operating activities.

 

Investing Activities:

- Net cash flows from investing activities fluctuated as well, ranging from negative 97,339 lakhs in 2023 to positive 20,704 lakhs in 2024.

- Major investments include purchases of property, plant, and equipment, intangible assets, as well as investments in securities.

- Proceeds from the sale of property, plant, and equipment, as well as investments, contributed to positive cash flows in certain years.

 

Financing Activities:

- Net cash flows from financing activities also varied significantly, ranging from negative 32,206 lakhs in 2023 to positive 2,94,594 lakhs in 2024.

- Activities such as the issuance of equity share capital, debt securities, and redemption of debt securities had a significant impact on financing cash flows.

- Dividend payments and interest paid also played a role in these cash flows.

 

Overall Cash Position:

- The company experienced fluctuations in its cash and cash equivalents over the years, ranging from a low of 39,210 lakhs in 2023 to a high of 1,31,792 lakhs in 2022.

- The net increase or decrease in cash and cash equivalents also varied, with the company experiencing both positive and negative changes in different years.

 Financial Ratios of Hdfc Securities Limited:

 

 

Particulars 2024 2023
Debt/Equity Ratio 4.7 2.92
Debt Service Coverage Ratio 0.19 0.25
Interest Service Coverage Ratio 3.22 4.72
EPS (in Rs.) 597.42 490.22
Current Ratio 1.08 1.12
Current Liability Ratio 0.99 0.99
Total Debt to Total Assets 0.68 0.63
Debtors Turnover 2.07 4.64
Operating Margin 48% 55%
Net Profit Margin 36% 41%

 

Insights into the financial health and performance of the company in 2024 and 2023:

 

Here 's an analysis of the financial ratios for the company in 2023 and 2024:

 

1. Debt/Equity Ratio:

   - Increased from 2.92 in 2023 to 4.7 in 2024, indicating a higher level of debt relative to equity. This suggests increased financial leverage in 2024 compared to 2023.

 

2. Debt Service Coverage Ratio (DSCR):

   - Decreased from 0.25 in 2023 to 0.19 in 2024. A lower DSCR suggests that the company may have faced more difficulty in meeting its debt obligations from its operating income in 2024 compared to 2023.

 

3. Interest Service Coverage Ratio (ISCR):

   - Decreased from 4.72 in 2023 to 3.22 in 2024. A lower ISCR indicates a reduced ability to cover interest payments from operating income in 2024 compared to 2023.

 

4. Earnings Per Share (EPS):

   - Increased from Rs. 490.22 in 2023 to Rs. 597.42 in 2024. This indicates higher earnings attributable to each outstanding share in 2024 compared to 2023.

 

5. Current Ratio:

   - Decreased from 1.12 in 2023 to 1.08 in 2024. While still above 1, suggesting the company 's ability to meet short-term obligations, the decrease indicates a slight weakening in liquidity from 2023 to 2024.

 

6. Current Liability Ratio:

   - Remained constant at 0.99 in both 2023 and 2024, indicating that current liabilities make up approximately the same proportion of total liabilities in both years.

 

7. Total Debt to Total Assets Ratio:

   - Increased from 0.63 in 2023 to 0.68 in 2024, indicating a higher proportion of assets financed by debt in 2024 compared to 2023.

 

8. Debtors Turnover:

   - Decreased from 4.64 in 2023 to 2.07 in 2024. A lower debtors turnover ratio suggests that the company took longer to collect payments from its debtors in 2024 compared to 2023.

 

9. Operating Margin:

   - Decreased from 55% in 2023 to 48% in 2024. This indicates a lower percentage of revenue left after covering operating expenses in 2024 compared to 2023.

 

10. Net Profit Margin:

    - Decreased from 41% in 2023 to 36% in 2024. This indicates a lower percentage of net profit generated from total revenue in 2024 compared to 2023.

Dividend History of Hdfc Securities Limited:

 

 

Particulars 2024 2023 2022 2021
Dividend (final + interim) (In Rs.) 510 440 547 318

 

 

 

Annual Report

HDFC Securities Annual Report 2023-24

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HDFC Securities Annual Report 2022-23

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HDFC Securities Annual Report 2021-22

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HDFC Securities Annual Report 2020-21

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Research Reports

2021-22

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