Asia300

Housing Development Finance Corp. Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 24, 2017
Prev close: 1,635
Jul 24, 2017
Market cap:
Market cap(USD):
2,604.38B
40,484.70M
Shares: 1,592.89M

Currency in INR

Company profile

Market(Ticker): BOM(500010)
Sector:
Industry:
Finance
Finance/Rental/Leasing
Full time employees: 2,305

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 2017

  • Local currency
  • US Dollar
Revenue 616,084.2M
Gross profit 370,890M
Operating income 128,863.8M
Income before tax 126,495.5M
Net income 109,048.5M
EBITDA 349,947.2M
Diluted EPS 68.3
Dividends per share 18
Total assets 4,731.58B
Total liabilities 4,096.26B
Total equity 600,593.1M
Operating cash flow -141,730.9M

Currency in INR

Revenue 9,187.46M
Gross profit 5,530.96M
Operating income 1,921.70M
Income before tax 1,886.38M
Net income 1,626.20M
EBITDA 5,218.64M
Diluted EPS 1.01
Dividends per share 0.26
Total assets 72,866.42M
Total liabilities 63,082.50M
Total equity 9,249.14M
Operating cash flow -2,113.58M

Currency in USD

Valuation measures

Mar 2017

PER 21.81
ROA 2.50%
ROE 19.65%
Operating margin 20.91%
Profit margin 17.70%

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-Resources: Dilip K. Shetty

Share holders

  • OppenheimerFunds, Inc.(4.6%)
  • Life Insurance Corp. of India(4.2%)
  • The Vanguard Group, Inc.(3.3%)
  • Capital Research & Management Co. (World Investors)(2.8%)
  • BlackRock Fund Advisors(2.6%)
  • First State Investment Management (UK) Ltd.(2.1%)
  • Aberdeen Asset Management (Asia) Ltd.(1.9%)
  • Vontobel Asset Management, Inc.(1.9%)
  • Aberdeen Asset Managers Ltd.(1.9%)
  • GIC Pte Ltd. (Investment Management)(1.8%)

Address

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

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