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 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	INR	USD
Revenue	1,156.97B	15,585.33M
Gross Profit	1,044.51B	14,070.44M
Operating income	360,719.70M	4,859.15M
Income before tax	173,158.30M	2,332.56M
Net income	187,400.60M	2,524.42M
EBITDA	395,468.20M	5,327.24M
Diluted EPS	104.70	1.41
Dividends Per Share	23	0.30
Total Assets	8,293.54B	113,433.51M
Total liabilities	6,637.37B	90,781.48M
Total equity	1,567.12B	21,434.08M
Operating cash flow	203,122.90M	2,736.21M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 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
PER	23.66
ROA	2.40%
ROE	13.23%
Operating margin	31.17%
Profit margin	16.19%

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

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HDFC Investment Trust - II
HDFC Investment Trust
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HDFC Capital Advisors Ltd.
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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.
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HDFC Realty Ltd.
Zurich Asset Management Company India Pvt Ltd.
HDFC Investments Ltd.

Competitors

Last Updated on 7 Dec, 2021