Asia300

Housing Development Finance Corp. Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 1,507.15
Apr 21, 2017
Market cap:
Market cap(USD):
2,394.35B
37,071.53M
Shares: 1,588.66M

Currency in INR

Company profile

Market(Ticker): BOM(500010)
Sector:
Industry:
Finance
Finance/Rental/Leasing
Full time employees: 2,196

Business summary

Housing Development Finance Corp. Ltd. operates as a housing finance company. The company's offerings include loans for purchase and construction of a residential unit, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options include step-up repayment facility and flexible loan installment plan. It operates in India, Kuwait, Oman, Qatar, Saudi Arabia, Singapore, United Arab Emirates and United Kingdom. Housing Development Finance was founded by Hasmukh Thakorda Parekh on October 17, 1977 and is headquartered in Mumbai, India.

Company background

Housing Development Finance Corp., known as HDFC, is a major home financing company. It is the main company of the HDFC group, an Indian financial conglomerate. Its mainstay business is housing loans. The company has more than 350 offices across India, covering some 2,000 towns and cities.

The company was founded in 1977 with the backing of India's business community. It aimed to solve the housing shortage in the country. HDFC kept expanding steadily and began offering housing loans on the Internet in 2000, becoming the first home financing company in India to do so. In 1996, it set up its first overseas office in Dubai. In the 2000s, it opened offices in London and Singapore.

In 1994, the company founded HDFC Bank. In 2000, the bank acquired Times Bank, marking India's first merger between private banks. It is known for its sound financial standing and high growth among Indian's commercial banks. All shares in HDFC are owned by institutional investors and individual market players.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 537,148.5M
Gross profit --
Operating income 117,242.4M
Income before tax 116,129.7M
Net income 101,049.5M
EBITDA --
Diluted EPS 63.59
Dividends per share 17
Total assets 3,976.80B
Total liabilities 3,444.53B
Total equity 509,006.8M
Operating cash flow -195,866.4M

Currency in INR

Revenue 8,204.39M
Gross profit --
Operating income 1,790.75M
Income before tax 1,773.76M
Net income 1,543.42M
EBITDA --
Diluted EPS 0.97
Dividends per share 0.25
Total assets 60,052.16M
Total liabilities 52,014.61M
Total equity 7,686.31M
Operating cash flow -2,991.65M

Currency in USD

Valuation measures

Mar 2016

PER 17.25
ROA 2.70%
ROE 21.05%
Operating margin 21.82%
Profit margin 18.81%

Key executive

  • Managing Director & Executive Director: Renu Sud Karnad
  • Vice Chairman & Chief Executive Officer: Keki M Mistry
  • Head-Accounts & Information Technology: Madabhusi Ramabhadran
  • General Manager-Information Technology: R. Sankaranarayanan
  • Senior General Manager & Head-Resources: Dilip K. Shetty

Share holders

  • Life Insurance Corp. of India(4.9%)
  • OppenheimerFunds, Inc.(4.8%)
  • Capital Research & Management Co. (World Investors)(3.4%)
  • The Vanguard Group, Inc.(3.1%)
  • BlackRock Fund Advisors(2.5%)
  • First State Investment Management (UK) Ltd.(2.3%)
  • Aberdeen Asset Managers Ltd.(2.3%)
  • GIC Pte Ltd. (Investment Management)(2.0%)
  • Aberdeen Asset Management (Asia) Ltd.(1.8%)
  • JPMorgan Asset Management (UK) Ltd.(1.7%)

Address

  • Website: http://www.hdfc.com
  • Address: HDFC House, H. T. Parekh Marg, Mumbai, 400020, India
  • Phone: +91.22.66316000

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