Finance
Housing Development Finance Corp. Ltd.
- 2,334.00 INR
- +30.10
- +1.31%
India
Jul 19, 2019Ticker
BOM(500010)Prev. close
2,303.90Market cap (INR)
3,974.92BMarket cap (USD)
57,769.21MShares
1,725.30M
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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 | 220,989.60M | 3,159.58M |
| 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 483,900.30M | 537,148.50M | 616,084.20M | 757,840.70M | 920,644.90M |
| Gross Profit | -- | 341,126.70M | 370,890M | 316,382.20M | 391,260.50M |
| Operating income | 101,898.80M | 116,656.70M | 128,545.20M | 103,072.90M | 151,767.20M |
| Income before tax | 101,166.20M | 116,129.70M | 126,495.50M | 162,072.50M | 220,989.60M |
| Net income | 87,517.90M | 101,049.50M | 109,048.50M | 119,799M | 162,317.60M |
| EBITDA | 103,206.10M | 321,402.90M | 349,947.20M | 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 | 4,731.58B | 5,666.09B | 6,608.75B |
| Total liabilities | 3,026.33B | 3,445.77B | 4,096.26B | 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 | 9,187.46M | 11,755.65M | 13,162.84M |
| Gross Profit | -- | 5,210.36M | 5,530.96M | 4,907.73M | 5,594.01M |
| Operating income | 1,666.55M | 1,781.81M | 1,916.95M | 1,598.87M | 2,169.87M |
| Income before tax | 1,654.57M | 1,773.76M | 1,886.38M | 2,514.07M | 3,159.58M |
| Net income | 1,431.35M | 1,543.42M | 1,626.20M | 1,858.32M | 2,320.72M |
| EBITDA | 1,687.93M | 4,909.10M | 5,218.64M | 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 | 72,866.42M | 86,874.34M | 95,398.78M |
| Total liabilities | 48,358.48M | 52,033.31M | 63,082.50M | 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
- General Manager & Business Head-South: N. B. Dwivedi
Shareholders
- Life Insurance Corp. of India (3.7%)
- GIC Pte Ltd. (Investment Management) (3.6%)
- The Vanguard Group, Inc. (3.5%)
- Invesco Advisers, Inc. (2.9%)
- BlackRock Fund Advisors (2.8%)
- SBI Funds Management Pvt Ltd. (2.0%)
- JPMorgan Asset Management (UK) Ltd. (2.0%)
- Capital Research & Management Co. (World Investors) (1.8%)
- Fidelity Management & Research Co. (1.6%)
- Baillie Gifford & Co. (1.4%)
Contact Details
- Website:http://www.hdfc.com
- Address: HDFC House, H. T. Parekh Marg, Mumbai, 400020, India
- Phone: +91.22.66316000
Related Companies
- HDFC Asset Management Co. Ltd.
- HDFC Capital Advisors 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
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Last Updated on 19 Jul, 2019