ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Housing Development Finance Corp. Ltd.

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 firm'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 through the following segments: Loans, Life Insurance, General Insurance, Asset Management, and Others. The company was founded by Hasmukh Thakorda Parekh on October 17, 1977 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2021 INRUSD
Revenue1,156.97B15,585.33M
Gross Profit1,044.51B14,070.44M
Operating income360,719.70M4,859.15M
Income before tax173,158.30M2,332.56M
Net income187,400.60M2,524.42M
EBITDA395,468.20M5,327.24M
Diluted EPS104.701.41
Dividends Per Share230.30
Total Assets8,293.54B113,433.51M
Total liabilities6,637.37B90,781.48M
Total equity1,567.12B21,434.08M
Operating cash flow203,122.90M2,736.21M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 613,955.30M 794,349M 916,886.50M 1,019.47B 1,156.97B
Gross Profit 303,673M 352,890.50M 824,424.30M 914,136.50M 1,044.51B
Operating income 346,410.60M 275,720.70M 359,482.80M 330,613.70M 360,719.70M
Income before tax 126,495.50M 162,072.50M 147,091.40M 204,471.50M 173,158.30M
Net income 109,048.50M 119,799M 162,317.60M 214,345.70M 187,400.60M
EBITDA 283,117M 298,306.20M 370,426.60M 393,536.70M 395,468.20M
Diluted EPS 68.30 73.85 94.65 123.20 104.70
Dividends Per Share 18 20 21 21 23
Total Assets 4,741.37B 5,666.09B 6,608.75B 7,298.14B 8,293.54B
Total liabilities 4,106.05B 4,697.41B 5,428.96B 5,959.78B 6,637.37B
Total equity 600,593.10M 918,732.60M 1,117.33B 1,264.79B 1,567.12B
Operating cash flow 304,633.30M 32,375.60M 95,509.80M 122,559.90M 203,122.90M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 9,155.71M 12,321.97M 13,109.10M 14,377.84M 15,585.33M
Gross Profit 4,528.57M 5,474.05M 11,787.13M 12,892.23M 14,070.44M
Operating income 5,165.90M 4,276.99M 5,139.67M 4,662.70M 4,859.15M
Income before tax 1,886.38M 2,514.07M 2,103.02M 2,883.69M 2,332.56M
Net income 1,626.20M 1,858.32M 2,320.72M 3,022.95M 2,524.42M
EBITDA 4,222.03M 4,627.33M 5,296.14M 5,550.11M 5,327.24M
Diluted EPS 1.01 1.14 1.35 1.73 1.41
Dividends Per Share 0.26 0.31 0.30 0.29 0.30
Total Assets 73,017.22M 86,874.34M 95,398.78M 96,470.96M 113,433.51M
Total liabilities 63,233.30M 72,022.30M 78,368.32M 78,779.72M 90,781.48M
Total equity 9,249.14M 14,086.30M 16,128.92M 16,718.71M 21,434.08M
Operating cash flow 4,542.89M 502.21M 1,365.54M 1,728.48M 2,736.21M

Valuation Measures

Mar 2021
PER23.66
ROA2.40%
ROE13.23%
Operating margin31.17%
Profit margin16.19%

Key executives

  • Vice Chairman & Chief Executive Officer: Keki M. Mistry
  • Deputy General Manager-Operations: Sushil Bhagwat
  • Executive Director & Chief Financial Officer: V. Srinivasa Rangan
  • Chief Information Technology Officer: R. Arivazhagan
  • Senior GM-Accounts & Information Technology: Dipta Bhanu Gupta

Shareholders

  • Invesco Advisers, Inc. (4.1%)
  • Life Insurance Corp of India (3.8%)
  • SBI Funds Management Pvt Ltd. (3.0%)
  • The Vanguard Group, Inc. (2.9%)
  • GIC Pte Ltd. (Investment Management) (2.6%)
  • Baillie Gifford & Co. (2.6%)
  • BlackRock Fund Advisors (2.2%)
  • JPMorgan Asset Management (UK) Ltd. (1.4%)
  • Fidelity Management & Research Co. LLC (1.3%)
  • UTI Asset Management Co. Ltd. (Investment Management) (1.2%)

Contact Details

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

Related Companies

  • Housing Development Finance Corp. Ltd. Provident Fund
  • HDFC Investment Trust - II
  • HDFC Investment Trust
  • HDFC Asset Management Co. Ltd.
  • HDFC Capital Advisors Ltd.
  • Griha Pte Ltd.
  • HDFC Venture Capital Ltd.
  • HDFC Education & Development Services Pvt Ltd.
  • HDFC Ventures Trustee Co. Ltd.
  • HDFC Property Ventures Ltd.
  • HDFC Sales Pvt Ltd.
  • HDFC Developers Ltd.
  • HDFC Credila Financial Services Pvt 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

    Last Updated on 7 Dec, 2021

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more