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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 the 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 2022 INRUSD
Revenue1,359.68B18,248.39M
Gross Profit245,969.50M3,301.17M
Operating income192,820.30M2,587.85M
Income before tax192,820.30M2,587.85M
Net income225,946.90M3,032.45M
EBITDA217,440.90M2,918.29M
Diluted EPS123.651.65
Dividends Per Share300.40
Total Assets9,663.49B127,528.76M
Total liabilities7,737.18B102,107.40M
Total equity1,798.53B23,735.15M
Operating cash flow176,988.70M2,375.38M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 794,349M 916,886.50M 1,019.47B 1,156.97B 1,359.68B
Gross Profit 352,890.50M 824,424.30M 914,136.50M 1,044.51B 245,969.50M
Operating income 275,720.70M 359,482.80M 330,613.70M 360,719.70M 192,820.30M
Income before tax 162,072.50M 147,091.40M 204,471.50M 173,158.30M 192,820.30M
Net income 119,799M 162,317.60M 214,345.70M 187,400.60M 225,946.90M
EBITDA 298,306.20M 370,426.60M 393,536.70M 395,468.20M 217,440.90M
Diluted EPS 73.85 94.65 123.20 104.70 123.65
Dividends Per Share 20 21 21 23 30
Total Assets 5,666.09B 6,608.75B 7,298.14B 8,293.54B 9,663.49B
Total liabilities 4,697.41B 5,428.96B 5,959.78B 6,637.37B 7,737.18B
Total equity 918,732.60M 1,117.33B 1,264.79B 1,567.12B 1,798.53B
Operating cash flow 32,375.60M 95,509.80M 122,559.90M 203,122.90M 176,988.70M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 12,321.97M 13,109.10M 14,377.84M 15,585.33M 18,248.39M
Gross Profit 5,474.05M 11,787.13M 12,892.23M 14,070.44M 3,301.17M
Operating income 4,276.99M 5,139.67M 4,662.70M 4,859.15M 2,587.85M
Income before tax 2,514.07M 2,103.02M 2,883.69M 2,332.56M 2,587.85M
Net income 1,858.32M 2,320.72M 3,022.95M 2,524.42M 3,032.45M
EBITDA 4,627.33M 5,296.14M 5,550.11M 5,327.24M 2,918.29M
Diluted EPS 1.14 1.35 1.73 1.41 1.65
Dividends Per Share 0.31 0.30 0.29 0.30 0.40
Total Assets 86,874.34M 95,398.78M 96,470.96M 113,433.51M 127,528.76M
Total liabilities 72,022.30M 78,368.32M 78,779.72M 90,781.48M 102,107.40M
Total equity 14,086.30M 16,128.92M 16,718.71M 21,434.08M 23,735.15M
Operating cash flow 502.21M 1,365.54M 1,728.48M 2,736.21M 2,375.38M

Valuation Measures

Mar 2022
PER19.11
ROA2.51%
ROE13.42%
Operating margin14.18%
Profit margin16.61%

Key executives

  • Vice Chairman & Chief Executive Officer: Keki M. Mistry
  • Executive Director & Chief Financial Officer: V. Srinivasa Rangan
  • Chief Information Technology Officer: R. Arivazhagan
  • Senior GM-Accounts & Information Technology: Dipta Bhanu Gupta
  • Secretary & Compliance Officer: Ajay Agarwal

Shareholders

  • Invesco Advisers, Inc. (4.0%)
  • Life Insurance Corporation of India (Investment Portfolio) (4.0%)
  • Exide Life Insurance Co. Ltd (3.6%)
  • SBI Funds Management Pvt Ltd. (3.5%)
  • The Vanguard Group, Inc. (3.0%)
  • GIC Pte Ltd. (Investment Management) (2.7%)
  • Baillie Gifford & Co. (2.7%)
  • BlackRock Fund Advisors (2.0%)
  • GQG Partners LLC (1.6%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.4%)

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 16 Aug, 2022

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