About

HDB Financial Services Limited is a non-banking financial company (NBFC) operating in India's finance sector with a market capitalization of ₹57,044 Cr and recent quarterly revenue near ₹4,900 Cr standalone. It maintains consistent operating margins of 56–58% and generates current EPS of approximately ₹9.5 per share. The company is majority promoter-owned at 74%, with growing institutional backing.

Face value: ₹10

Market cap

₹51,335 Cr

P/E

23.6×

P/B

3.1×

Dividend yield

0.6%

ROE

14.7%

ROCE

—

Debt / equity

5.52

OPM

57.2%

EPS (TTM)

₹27.3

Book value

₹198.8

52-week high

₹772.9

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock valuation: PE of 20.66 with 1-year return of −8.61% and price at upper end of 52-week range (₹686.95 vs ₹559.95–₹800.05); verify margin of safety.
Profitability quality: net profit grew 38% year-on-year whilst revenue grew only 10.6%; verify whether profit growth reflects sustainable operations or one-time benefits.
Asset quality: no data on credit losses, portfolio stress, or provisioning—typical NBFC risks in a tightening credit cycle require verification.
Leverage: D/E ratio not provided; verify whether debt levels are prudent for an NBFC and sustainable if credit spreads widen.

Generated analysis · source review pending

Growth drivers

Revenue grew 10.6% year-on-year (₹4,465 Cr to ₹4,938 Cr); verify whether this reflects asset growth, pricing, or new segments.
Operating margins held steady at 56–58% across quarters, so 10.6% revenue growth translated directly to 38% net profit growth.
EPS jumped 32.5% whilst revenue grew only 10.6%; verify whether operations, share buybacks, or lower share count drives outperformance.
ROE of 12.31% leaves room to improve if capital can deploy at higher returns without raising funding costs.

Generated analysis · source review pending

₹618.2-18.2%1Y

Volatility (1y)

25.7%

Annualised, daily returns

RSI (14)

26.6

Oversold territory

Rel. strength (1y)

-28.2%

Behind the market

Quick read

rule-based

Pros

+Healthy operating margin of 57.2%
+High promoter holding of 74.1% with no pledge

Cons

−Heavily leveraged (debt/equity 5.5)
−Weak interest coverage of 1.5×

Research score

Structured signal from quality, growth, valuation and momentum.

35/100

Business quality: 36
Valuation: 63
Momentum: 7

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025
	12,403	14,171	16,300
Interest	3,512	4,864	6,390
Expenses	6,264	6,002	6,982
Financing profit	2,627	3,305	2,928
Financing margin %	21.2%	23.3%	18%
Other income	—	—	—
Depreciation	—	—	—
Profit before tax	2,627	3,305	2,928
Tax	668	844	752
Tax %	25.4%	25.5%	25.7%
PAT	1,959	2,461	2,176
EPS (₹)	—	—	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025
Equity capital	791	793	796
Reserves	10,646	12,950	15,024
Borrowings	54,865	74,331	87,398
	3,748	4,483	5,446
Total equity & liabilities	70,050	92,557	1,08,663
	143	185	275
CWIP	0	0	0
Investments	1,243	3,380	2,060
	68,664	88,992	1,06,328
Total assets	70,050	92,557	1,08,663

₹ Cr	Mar 2023	Mar 2024	Mar 2025
	-6,851	-16,736	-13,626
	973	-2,146	1,159
Cash from financing	5,796	19,134	12,770
Net cash flow	-81	252	303
Free cash flow	-6,962	-16,859	-13,836
CFO / Operating profit %	-111.6%	-204.9%	-146.2%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 15%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: -12%

Stock price CAGR

10 years: —
5 years: —
3 years: —
1 year: -19%

Return on equity

7 years: —

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—
EBITDA margin %	49.5%	57.7%	57.2%
EBIT margin %	49.5%	57.6%	57.2%
PAT margin %	15.8%	17.4%	13.4%
Working capital
Receivable days	2	3	5
Inventory days	—	—	—
Payable days	—	—	—
NWC days	—	—	—
Leverage
Current ratio	—	—	—
Debt to EBITDA	8.94	9.1	9.38
Debt to equity	4.8	5.41	5.52
Interest coverage	1.7	1.7	1.5
Asset turnover	0.18	0.15	0.15
Return ratios
Return on assets %	2.8%	2.7%	2%
Return on capital employed %	—	—	—
Return on equity %	17.1%	17.9%	13.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.19%	74.19%	74.15%	74.12%	74.12%
	4.11%	3.17%	3.32%	3.01%	3.55%
	5.17%	10.92%	11.41%	12.28%	12.1%
Government	0%	0%	0%	0%	0%
	16.3%	11.49%	10.89%	10.36%	10%
No. of shareholders	—	11,57,250	10,27,204	9,61,497	9,25,474

Promoter holding down 0.07 percentage points since Jun 2025.

17 disclosures

Person	Deal	Shares	Value	Holding	Filed
Premal Brahmbhatt	SellMarket Sale	7,000	₹51.35 L	0.00% → 0.00%	6 Nov 20257(2)
Samir Jaiswal	SellMarket Sale	218	₹1.6 L	0.00% → 0.00%	31 Oct 2025

Mr. Natarajan SrinivasanNon-Executive - Independent Director-Chairperson
Ms. Amla SamantaNon-Executive - Independent Director
Mr. Adayapalam ViswanathanNon-Executive - Independent Director
Ms. Arundhati MechNon-Executive - Independent Director
Mr. Jayesh ChakravarthiNon-Executive - Independent Director
Mr. Bhaskar SharmaNon-Executive - Independent Director
Mr. Jayant GokhaleNon-Executive - Independent Director
Mr. Ramesh GanesanExecutive Director-CEO-MD
Dipti Jayesh KhandelwalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

50

across 12 fund houses

Held by these funds

5.77%

of the company's equity

All mutual funds

10.59%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

50 schemes · 12 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	1.56 Cr	1,066.31	1.5%	1.882%	—
Growth Mid Cap FundNEW	Nippon India Mutual Fund	70.5 L	481.06	0.92%	0.849%	—
Midcap Fund	SBI Mutual Fund	70 L	477.65	1.95%	0.843%	-99,742
Large & Mid Cap Fund	ICICI Prudential Mutual Fund	29.63 L	202.16	0.6%	0.357%	-49.34 L
Banking & Financial Services Fund	ICICI Prudential Mutual Fund	28.74 L	196.1	1.73%	0.346%	-0
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	27.08 L	184.81	1.42%	0.326%	+5 L
Banking And Financial Services Fund	SBI Mutual Fund	17.9 L	122.16	1.12%	0.216%	+2 L
Large & Mid Cap Fund	DSP Mutual Fund	15.08 L	102.88	0.56%	0.182%	-0

1–8 of 50

1 / 7

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

1

Annual Report FY2026from bse Summary

Offer and rights documents

1

ProspectusListing · 30 Jun 2025

Investor Presentation and earnings call

5

Jul 2026Transcript AI SummaryPPTREC
Apr 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Oct 2026 · in 11 daysresults

2

Final dividend18 Jun 2026 · ex-date₹2
Interim dividend24 Oct 2025 · ex-date₹2

2

Board meeting to consider results14 Oct 2026
Board meeting to consider results15 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

53 announcementsExport CSV

28 Jul 2026, 4:46 pmCompany Update

Intimation Under Regulation 30 And 51 Of SEBI (LODR) Regulations, 2015

General PDF

23 Jul 2026, 12:44 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

20 Jul 2026, 5:42 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

17 Jul 2026, 12:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

15 Jul 2026, 11:42 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

15 Jul 2026, 6:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

15 Jul 2026, 4:48 pmOthers

Compliances-Reg. 54 - Asset Cover details

Reg. 54 - Asset Cover details PDF

15 Jul 2026, 4:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

Date	Category	Subject	Filing
28 Jul 2026, 4:46 pm	Company Update General	Intimation Under Regulation 30 And 51 Of SEBI (LODR) Regulations, 2015	PDF
23 Jul 2026, 12:44 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF

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Hdb Financial Services Limited

Hdb Financial Services Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Offer and rights documents

Investor Presentation and earnings call

Events

Upcoming and recent1

Dividends2

Board meetings2

Announcements

Not in the F&O segment

Upcoming and recent1

Dividends2

Board meetings2

Announcements

Annual reports

Offer and rights documents

Investor Presentation and earnings call

Ratio timeline

Quarterly record

Insider dealing

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

2

2

1

2

2