About HDB Financial Service Unlisted Shares
Housing and Development Board (HDB) Financial Services was established in 2007, a Non-Banking Financial Company (NBFC) which is a leading entity in the non-banking financial sector. The company have 1,682 branches to get the underbanked and unbanked populations across the Country in more than 114 locations.
Housing Development Finance Corporation Limited (HDFC) is one of India’s largest and most reputable financial services organizations. HDB Financial Services is subsidiary of HDFC bank. HDFC holds total stake of 94.64% in HDB financial services.
Diverse financial products and services are offered by the company which includes enterprise lending, asset financing, con...
Latest available unlisted share price: ₹1,260.00
Overview
Housing and Development Board (HDB) Financial Services was established in 2007, a Non-Banking Financial Company (NBFC) which is a leading entity in the non-banking financial sector. The company have 1,682 branches to get the underbanked and unbanked populations across the Country in more than 114 locations.
Housing Development Finance Corporation Limited (HDFC) is one of India’s largest and most reputable financial services organizations. HDB Financial Services is subsidiary of HDFC bank. HDFC holds total stake of 94.64% in HDB financial services.
Diverse financial products and services are offered by the company which includes enterprise lending, asset financing, consumer loans, fee-based products, and business process outsourcing (BPO) services. It is specialized in loan origination, underwriting, and a broad product range.
The Company holds the ‘CARE AAA/Stable’ rating by CARE Ratings Limited and ‘CRISIL AAA/Stable’ rating by CRISIL Ratings Limited for Long-Term Debt, Bank Facilities, Subordinated Debt and Perpetual Bonds and A1+ ratings for commercial papers.
The Company has total AUM of more than 90,235 Crores with more than 15.5 million Customers. Revenue from the lending business of the Company grew to 12,221.57 Crore in FY 2023-24 from 9,768.95 Crore in FY 2022-23. Revenue from the BPO services division declined to 1,949.55 Crore in FY 2023-24 from 2,633.93 Crore in FY 2022-23.
As per Money Control, HDFC Bank is in early talks with private credit funds to sell stakes in its subsidiary, HDB Financial Services. The discussions involve five domestic funds potentially acquiring 4-7% each, as part of a value discovery process ahead of HDB Financials’ mandated IPO by October 2025. This move follows unsuccessful talks with larger investors due to valuation disagreements. HDB Financial, with a loan book over Rs 90,000 crore, is reportedly seeking a valuation of 4-5 times book value, which some consider high in current market conditions.
HDB Financial Services aiming for a valuation between $9 billion to $12 billion and have plans to expand its branch by 150-200 in the current fiscal year to deepen its presence in microfinance markets. Despite potential regulatory changes by the Reserve Bank of India, HDB remains confident due to its balanced loan portfolio, with less than a fourth being unsecured.
The Reserve Bank India (RBI) categorized 16 big NBFCs as upper-layer NBFCs which includes HDB Financial Services as well, In October 2021, the central bank put in place a four-layered regulatory structure for NBFCs to minimize risks for the overall financial system.
Products Offerings
Consumer Durable Loan Digital Product Loan Lifestyle Product Loan Personal Loan Auto Loan Two Wheeler Loan Gold Loan Unsecured Business Loan Enterprise Business Loan Loan Against Property Loan Against Lease Rental Loan Against Securities
Asset Finance Micro Lending Fee-Based Products
Insurance Services BPO Services Salaried Perso Loan
Commercial Vehicle Loan Construction Equipment Loan Tractor Loan
Registered Office
Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad- 380 009
Strengths
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The company has a strong network of over 1,682 branches across 1,144 cities, serving 15.5 million customers.
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The Company’s extensive range of offerings fulfil diverse requirements of both households and enterprises across India.
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HDBFS has technical expertise through which it can automated loan application processes to facilitate informed credit decisions right from the initial stage
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HDBFS complements HDFC Bank’s product portfolio and customer coverage and supports sourcing retail loan portfolios
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The company has strong AUM growth which grew at a CAGR of 29% to 90,235 Cr in FY24
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Highly Skilled and Committed Workforce that delivers for the organisation.
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Strong Credit Rating: CRISIL and CARE have assigned the highest rating i.e. AAA.
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97% of applications are processed digitally.
Subsidiary
As of now the HDB Financial Services has no subsidiaries.
Vision
The company’s vision is to Be India’s most Admired NBFC; Through Great Execution, Driving Simplicity & Developing Humility
Mission
The company’s mission is to deliver innovative products and services to cater the growing needs of an Aspirational India, serving both Individual & Business Client.
Fundamentals
Financials
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 10945.00 | 11306.00 | 12403.00 | 14171.00 |
| Other Income | - | - | - | - |
| COGS | - | - | - | - |
| Gross Profit | 10944.80 | 11306.30 | 12402.90 | 14171.10 |
| Total Expense | 6453.40 | 6534.30 | 6151.70 | 5857.00 |
| EBIDTA | 4491.40 | 4772.00 | 6251.20 | 8314.10 |
| D&A | 107.80 | 98.90 | 111.80 | 145.10 |
| EBIT | 4383.60 | 4673.10 | 6139.30 | 8169.00 |
| Interest Expense | 3882.90 | 3325.50 | 3511.90 | 4864.30 |
| PBT | 500.70 | 1347.60 | 2627.40 | 3304.70 |
| TAX | 109.20 | 336.20 | 668.10 | 843.80 |
| PAT | 391.50 | 1011.40 | 1959.40 | 2460.80 |
| Diluted EPS | 4.97 | 12.80 | 24.76 | 31.04 |
| Basic EPS | 4.97 | 12.81 | 24.78 | 31.08 |
| Total income | 10,945.00 | 11,306.00 | 12,403.00 | 14,171.00 |
ASSETS
| CURRENT ASSETS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash and Cash Equivalents | 753.51 | 477.20 | 395.90 | 647.85 |
| Trade Payables | 117.32 | 141.82 | 65.76 | 124.61 |
| Inventory | - | - | - | - |
| Other Current Assets | 60666.43 | 59768.08 | 68084.05 | 90197.56 |
| Total Current Assets | 61,537.26 | 60,387.10 | 68,545.71 | 90,970.02 |
| NON CURRENT ASSETS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Plant Property and Equipment | 91.52 | 78.14 | 122.37 | 162.53 |
| Long Term Investment | - | - | - | - |
| Other Non Current Assets | 1012.28 | 1560.70 | 1382.31 | 1423.86 |
| TOTOAL NON CURRENT ASSSETS | 1,103.80 | 1,638.84 | 1,504.68 | 1,586.39 |
| Total Assets | 62,641.06 | 62,025.94 | 70,050.39 | 92,556.41 |
|---|
| CURRENT LIABILITES | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| TRADW Payable | 334.25 | 246.91 | 291.84 | 509.00 |
| Other Current Liab | 53246.40 | 51681.80 | 57643.74 | 77290.94 |
| Total Current Liab | 53,580.65 | 51,928.71 | 57,935.58 | 77,799.94 |
| NON CURRENTLIABILITIES | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Long Term Debt | - | - | - | - |
| Deffered Tax Liab | - | - | - | - |
| Other Non Current Liab | 614.16 | 557.50 | 677.74 | 1014.09 |
LIABILITIES
| EQUITY | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 789.19 | 790.44 | 791.40 | 793.08 |
| Reserves And Surplus | - | - | - | - |
| Other Equity | 7657.05 | 8749.29 | 10645.57 | 12949.63 |
| Retained Earnings | - | - | - | - |
| share Equity | 8,446.24 | 9,539.73 | 11,436.97 | 13,742.71 |
| Total Liabilities | 9,060.40 | 10,097.23 | 12,114.71 | 14,756.80 |
|---|
| CASH FLOW STAT | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash Flow from operating | -341.75 | 1987.10 | -6850.61 | -16736.04 |
| Cash Flow from financing | 607.93 | -1499.54 | 5795.99 | 19133.55 |
| Cash Flow from investing | 131.38 | -703.28 | 973.32 | 2145.56 |
| Net cash flow | 397.56 | -215.72 | -81.30 | 4,543.07 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
The lockin period is of 6 months for pre-ipo investors i.e. they cannot sell their shares for 6 months after they get listed. However, they can definitely sell the shares in pre-ipo market before they get listed.
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If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
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Absoluetly NOT! Grey market is all about speculation relation to open price, subscription rate etc. And does not include physical delivery of shares. Whereas in pre ipo market you get to invest in shares much before the ipo too and it involves physical delivery of shares. It is compeletly legal and does not include any such speculation.
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1. Yes, investing in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market.
Related News
No related news is available for HDB Financial Service.