HDB Financial Services Ltd - Unlisted Shares

Fundamentals

Current Price
₹770.15
Market Cap
₹58,887.45 Cr
ISIN
INE756I01012
Face Value
₹10
P/E Ratio
27.09
EPS
27.32
P/B Ratio
3.72
Book Value
198.80
Debt / Equity Ratio
2.65

Key Financials

Profit & Loss

MetricFY25FY24FY23FY22FY21FY20FY19
Revenue from Operations16,300.3014,171.1212,402.8811,306.2910,944.7810,756.478,724.81
Growth %15.02%14.26%9.70%3.30%1.75%23.29%0
Operating Expenses6,787.905,857.106,151.726,534.296,453.355,100.913,605.50
Growth %15.89%-4.79%-5.85%1.25%26.51%41.48%0
Operating Profit9,512.408,314.026,251.164,772.004,491.435,655.565,119.31
Op. Profit Margin %58.36%58.67%50.40%42.21%41.04%52.58%58.68%
Finance Costs6,390.204,864.323,511.923,325.503,882.934,081.423,333.33
Depreciation194145.14111.8498.94107.79109.6661.92
Profit Before Tax2,927.803,304.562,627.401,347.56500.711,464.481,724.06
Tax751.90843.83668.05336.16109.24459.63570.82
Tax %25.68%25.54%25.43%24.95%21.82%31.39%33.11%
Profit After Tax2,175.902,460.71,959.41,011.4391.51,004.91,153.2
Growth %-11.58%25.59%93.73%158.36%-61.04%-12.87%0
PAT %13.35%17.36%15.80%8.95%3.58%9.34%13.22%
Diluted EPS27.3231.0424.7812.814.9712.7814.71

Company Financials

MetricFY25FY24FY23FY22FY21FY20FY19
Equity Capital795.80793.1791.4790.4789.2787.6785.7
Reserves15,023.9012,949.610,645.68,749.37,657.17,230.26,392.8
Total Equity15,819.7013,742.711,437.09,539.78,446.28,017.87,178.5
Borrowings040,504.130,637.529,471.427,832.426,223.60
Other Non-Current Liabilities1,047.00511.2308.9242.7294.3201.61,238.0
Total NC Liabilities1,047.0041,015.230,946.429,714.128,126.726,425.21,238.0
Borrowings41,928.8033,831.424,227.819,501.722,569.123,580.218,095.7
Other Current Liabilities49,867.803,967.23,439.23,270.43,499.02,691.330,028.2
Total Current Liabilities91,796.6037,798.627,667.022,772.126,068.126,271.548,123.9
Equity + Liabilities108,663.392,556.570,050.462,025.962,641.160,714.456,540.3
Fixed Assets (incl. WIP)275.40511.2387.1292.6316.9386.0123.0
Other Non Current Assets1,619.6090,197.768,626.960,460.560,981.259,384.7421.7
Total NC Assets1,895.0090,708.969,014.060,753.161,298.159,770.7544.7
Trade Receivables225.20124.665.8141.8117.3181.2119.5
Cash & Cash Equivalents984.30647.9653.8684.0976.4644.5334.7
Other Current Assets105,558.801,075.2316.8447.0249.2118.155,541.4
Total Current Assets106,768.301,847.71,036.41,272.81,342.9943.855,995.6
Total Assets108,663.392,556.570,050.462,025.962,641.160,714.556,540.4

Shareholding Pattern

HDFC Bank Limited
94.32%
Others
5.68%

Strengths & Weaknesses

Strengths

  • Strong Credit Rating: CRISIL and CARE have assigned the highest rating i.e. AAA.
  • Strong Parent Company: HDB Financial Services is a subsidiary of HDFC Bank with a stake of 94.64%.
  • Strong Network: Strong network of over 1,682 branches across 1,144 cities, serving 15.5 million customers.
  • Strong AUM Growth: Its AUM grew at a CAGR of ~29% to ₹90,235 Cr in FY24
  • Strong Loan Portfolio: HDB's loan portfolio consists of 76% secured and 24% unsecured loans, as on FY23
  • Strong Margins: Net Interest Margin (NIM) is 7.9% which is at par with other leadings NBFCs.
  • Strong Profitability: HDB has an ROE of 19.6% and ROA is at 3%, outperforming most of the competitors.
  • IPO Imminent: RBI issued a scale-based ranking for NBFCs: base, middle, and upper layers; based on size, activity, and other factors. All upper layer NBFCs including HDB must be listed within three years of classification. HDB is required to list by September 2025.

Weaknesses

  • No identified weakness

About HDB Financial Services Ltd

Established in 2007, HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) serving both individual and business clients across India. With a strong financial foundation, they offer a diverse range of loan options, including secured and unsecured loans. Their extensive network entails over 1680 branches spread across 27 states and 4 Union Territories, making their services accessible to a wide audience. The company has a clear vision and mission for itself which it aims to achieve while uploading the core company values of Integrity, Collaboration, Agility, Respect, Excellence & Simplicity.

Board of Directors

  • Mr. Arijit Basu - Chairman
  • Mr. G Ramesh - CEO & Managing Director
  • Mr, Haren Parekh - CFO
  • Ms. Dipti Khandelwal - Company Secretary
  • Mr. Venkataraman Srinivasan - Independennt Director
  • Mr. Venkataraman Srinivasan - Independennt Director
  • Dr. Amla Samanta - Independennt Director
  • Ms. Arundhati Mech - Independennt Director
  • Mr. Adayapalam Vishwanathan - Independennt Director

Senior Management

  • Mr. G Ramesh - COO & MD
  • Mr. Haren Parekh - CFO

Frequently Asked Questions

How to buy HDB Financial Unlisted Shares?
To Buy HDB Financial Unlisted Shares, follow the given steps:
Register on the InCred Money Platform.
Complete your KYC verification.
Go to the HDB Financial Unlisted Shares page, select the desired quantity, and click Buy.
How to sell HDB Financial Unlisted Shares?
We suggest that an investor should not invest in unlisted equities with a mindset of trading or selling it in a short period of time.

But we understand that there may be an event where you may want to liquidate your shares. In that case, you can drop us an email on connect@incredmoney.com with the following details:

- Name
- Registered email address with InCred Money
- PAN number
- Name of the company that you are looking to sell
- Quantum
- Your expected price

Once we receive your email, our team will reach out to you. We will then attempt to find a buyer for your units on a best-effort basis. Once we find a match for your price and quantity, we will notify you and initiate the transaction.

Steps once the transaction is initiated:

- We will send you a deal sheet with all relevant details.
- You will need to transfer the units from your demat account to us. Our team will explain the steps for the same to you.
- After we receive the units, you will get a confirmation, and we will transfer the funds to your account.
What is the Lock-In Period of HDB Financial Unlisted Shares?
The lock-in period varies for HDB Financials’ unlisted shares for different categories of investors. For Retail Investors, HNIs and Body Corporates, the lock-in period is 6 months from the listing of SBI Mutual Funds for Venture Capital Funds and Foreign Venture Capital Investors. The lock-in period is 6 months but from the SBI Mutual Fund acquisition date. For Alternative Investment Funds – Category II, there is no lock-in period.
What is the Minimum Ticket Size for Investment in HDB Financial Unlisted Shares?
As the Indian share market is spreading its wings, more and more people want to invest in shares. This has brought a drop in the minimum ticket size for investment. For HDB Financial Unlisted Shares, it is between 30-50 thousand.
Is buying HDB Financial Unlisted Shares Legal in India?
Yes, it is legal to buy and sell unlisted shares from HDB Financial Unlisted Shares. But you need to trade these sales from a reliable source.
Is Short-Term Capital Gain Tax Applicable on HDB Financial Unlisted Shares?
Any profit made by selling HDB Unlisted shares within two years of purchasing them is defined as Short-Term Capital Gain. The profits become a part of your annual salary for that particular financial year. The tax on this short-term financial gain will be calculated based on the income tax slab you fall into. Therefore, the tax you will pay on the STCG will be calculated on your total income, including the gains and tax slab applicable to you as per the Income Tax Laws of India. As an investor, it is important to keep these implications in mind when you make unlisted share transactions.
How much LTCG Tax is Applicable on HDB Financial Unlisted Shares/Pre-IPO Shares?
These are the gains you make from holding HDB Financials' unlisted shares for more than two years. Starting July 2024, Long-Term Capital Gains (LTCG) on unlisted shares are taxed at 12.5%, and yep, the indexation benefit is gone, thanks to the 2024 budget! So, if you're a retail investor or HNI, it's super important to keep this in mind when you're planning your investments and strategies—because who doesn't want to be tax-smart?
How Much Time is Taken to Credit HDB Financial Unlisted Shares in a Demat Account?
The HDB Financial Unlisted Shares are credited to your Demat account the same day as the funds transfer to our company account.
How to trust InCred Money before buying HDB Financial Unlisted Shares from its platform?
InCred Money is a part of the InCred Group, offering an accessible investment platform. Our team of dedicated experts is available to guide you every step of the way. You can start investing with as little as one share, and we offer highly competitive pricing with no hidden charges.
How is the Valuation of HDB Financial Unlisted Shares Calculated?
The valuation of HDB Financials’ unlisted shares starts by researching the current market value and recent funding rounds, providing a benchmark valuation. In the absence of recent funding, a comparative approach is used, assessing unlisted shares of companies similar in industry, size, and nature to HDB Financials.

By comparing and analysing these counterparts, we can arrive at a fair valuation. Additionally, we conduct comprehensive risk management and evaluate all relevant factors to ensure well-informed decisions.
How Much Return Can I Expect from the HDB Financial Unlisted Shares?
Estimating the return on investment for HDB Financials' unlisted shares requires in-depth industry expertise. Returns are influenced by factors such as demand and supply, company valuations, and other market conditions. Additionally, the length of time you hold the shares plays a key role in determining your returns. To gain a deeper understanding and maximise your profits, you can connect with our experts for personalised guidance.
Are HDB Financial Unlisted Shares in Demat Form?
Yes, HDB Financials’ unlisted shares are transferred in dematerialized form. Once the payment is received the shares will appear in your Demat account.
Where will HDB Financial Unlisted Shares/Pre-IPO Shares be Reflected?
Once you purchase the shares on our platform, they will be transferred to the DEMAT account that you have shared with us on a T+7 basis.

There are multiple places where you can check your stock:
-You can download the CDSL Myeasi app or NSDL Speede app to track all your demat holdings.
-The stock will show up once you log in to your account on the InCred Money app/ website.
Is HDB Financial a Pre-IPO, Unlisted or Delisted Share?
HDB Financial is an unlisted company that allows the trading of pre-IPO shares, but the company is preparing for an IPO launch.
Can NRIs Buy HDB Financial Unlisted Shares?
Yes, NRIs can purchase HDB Financials’ unlisted shares. However, these shares are non-repatriable unless the NRI specifies his intention of buying repatriable shares for the RBI. They need to purchase these shares from an NRO Non-PIS account.
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HDB Financial Services Ltd

Buy & Sell HDB Financial Services Unlisted Shares Online | InCred Money