Asia300

Housing Development Finance Corp. Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 1,547.85
May 26, 2017
Market cap:
Market cap(USD):
2,459.33B
38,170.63M
Shares: 1,588.87M

Currency in INR

Company profile

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

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 610,876.3M
Gross profit --
Operating income 126,495.5M
Income before tax 126,495.5M
Net income 110,511.2M
EBITDA --
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 --

Currency in INR

Revenue 9,109.79M
Gross profit --
Operating income 1,886.38M
Income before tax 1,886.38M
Net income 1,648.01M
EBITDA --
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 --

Currency in USD

Valuation measures

Mar 2017

PER 21.81
ROA 2.53%
ROE 19.91%
Operating margin 20.70%
Profit margin 18.09%

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.(4.7%)
  • Capital Research & Management Co. (World Investors)(3.4%)
  • The Vanguard Group, Inc.(3.2%)
  • BlackRock Fund Advisors(2.6%)
  • First State Investment Management (UK) Ltd.(2.3%)
  • Aberdeen Asset Managers Ltd.(2.3%)
  • GIC Pte Ltd. (Investment Management)(2.0%)
  • Vontobel Asset Management, Inc.(2.0%)
  • Aberdeen Asset Management (Asia) Ltd.(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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