Housing Development Finance Corp. Ltd.

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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.

Business Summary

Housing Development Finance Corp. Ltd. engages in provision of housing financing. 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. The company was founded by Hasmukh Thakorda Parekh on October 17, 1977 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2019	INR	USD
Revenue	920,644.90M	13,162.84M
Gross Profit	391,260.50M	5,594.01M
Operating income	151,767.20M	2,169.87M
Income before tax	147,091.40M	2,103.02M
Net income	162,317.60M	2,320.72M
EBITDA	374,909.50M	5,360.23M
Diluted EPS	94.65	1.35
Dividends Per Share	21	0.30
Total Assets	6,608.75B	95,398.78M
Total liabilities	5,428.96B	78,368.32M
Total equity	1,117.33B	16,128.92M
Operating cash flow	-443,014.20M	-6,333.95M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Revenue	483,900.30M	537,148.50M	613,955.30M	757,840.70M	920,644.90M
Gross Profit	--	341,126.70M	368,761.10M	316,382.20M	391,260.50M
Operating income	101,898.80M	116,656.70M	126,803.10M	103,072.90M	151,767.20M
Income before tax	101,166.20M	116,129.70M	126,495.50M	162,072.50M	147,091.40M
Net income	87,517.90M	101,049.50M	109,048.50M	119,799M	162,317.60M
EBITDA	103,206.10M	321,402.90M	348,205.10M	298,306.20M	374,909.50M
Diluted EPS	55.30	63.59	68.30	73.85	94.65
Dividends Per Share	15	17	18	20	21
Total Assets	3,495.25B	3,978.04B	4,741.37B	5,666.09B	6,608.75B
Total liabilities	3,026.33B	3,445.77B	4,106.05B	4,697.41B	5,428.96B
Total equity	450,716.30M	509,006.80M	600,593.10M	918,732.60M	1,117.33B
Operating cash flow	-91,181.90M	-197,104.10M	-141,730.90M	-579,280.10M	-443,014.20M

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Revenue	7,914.17M	8,204.39M	9,155.71M	11,755.65M	13,162.84M
Gross Profit	--	5,210.36M	5,499.21M	4,907.73M	5,594.01M
Operating income	1,666.55M	1,781.81M	1,890.97M	1,598.87M	2,169.87M
Income before tax	1,654.57M	1,773.76M	1,886.38M	2,514.07M	2,103.02M
Net income	1,431.35M	1,543.42M	1,626.20M	1,858.32M	2,320.72M
EBITDA	1,687.93M	4,909.10M	5,192.66M	4,627.33M	5,360.23M
Diluted EPS	0.90	0.97	1.01	1.14	1.35
Dividends Per Share	0.24	0.25	0.26	0.31	0.30
Total Assets	55,851.42M	60,070.86M	73,017.22M	86,874.34M	95,398.78M
Total liabilities	48,358.48M	52,033.31M	63,233.30M	72,022.30M	78,368.32M
Total equity	7,202.09M	7,686.31M	9,249.14M	14,086.30M	16,128.92M
Operating cash flow	-1,491.27M	-3,010.56M	-2,113.58M	-8,985.81M	-6,333.95M

Valuation Measures

Mar 2019
PER	20.62
ROA	2.64%
ROE	15.94%
Operating margin	16.48%
Profit margin	17.63%

Key executives

Managing Director & Executive Director: Renu Sud Karnad
Vice Chairman & Chief Executive Officer: Keki M. Mistry
Head-Information Technology Department: R. Arivazhagan
Senior General Manager-Resources: Dilip K. Shetty
National Head-Self Employed Business & Loan: Rajeev Sardana

Shareholders

Life Insurance Corp of India (4.2%)
Invesco Advisers, Inc. (3.6%)
The Vanguard Group, Inc. (3.5%)
GIC Pte Ltd. (Investment Management) (3.3%)
BlackRock Fund Advisors (2.6%)
SBI Funds Management Pvt Ltd. (2.3%)
Baillie Gifford & Co. (2.1%)
JPMorgan Asset Management (UK) Ltd. (1.8%)
Fidelity Management & Research Co. LLC (1.7%)
T. Rowe Price International Ltd. (1.2%)

Contact Details

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

Related Companies

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HDFC Asset Management Co. Ltd.
HDFC Capital Advisors Ltd.
HDFC Credila Financial Services Pvt Ltd.
HDFC Life Insurance Co. Ltd.
HDFC Education & Development Services Pvt Ltd.
HDFC Ventures Trustee Co. Ltd.
HDFC Property Ventures Ltd.
HDFC Sales Pvt Ltd.
HDFC Developers Ltd.
HDFC ERGO General Insurance Co. Ltd.
HDFC Holdings Ltd.
HDFC Chubb General Insurance Co. Ltd.
MBS 2006 Series III Trust
MBS 2006 Series II Trust
MBS 2006 Series I Trust
HDFC India Real Estate Fund
HDFC Trustee Co. Ltd.
Home Loans Services India Pvt. Ltd.
Hometrust Housing Finance Co Ltd
HDFC Realty Ltd.
Zurich Asset Management Company India Pvt Ltd.
HDFC Investments Ltd.

Competitors

Piramal Enterprises Ltd.

Last Updated on 20 Feb, 2020