HDB Financial Unlisted Share Price

Last updated on July 4, 2024

HDB Financial Unlisted Share Description – Established in 2007, HDB Financial Services (HDBFS) is a prominent Non-Banking Financial Company (NBFC) that addresses the evolving needs of a forward-looking India, catering to both individual and business clients. In addition, it offers services for marketing and promoting diverse financial products. HDB Financial Services operates as a subsidiary of HDFC Bank, a well-respected name in the financial industry.

The company boasts a well-established presence and robust financial backing. HDBFS proudly holds the esteemed CARE AAA and CRISIL AAA ratings for its long-term debt and bank facilities, underscoring its strength and dependability as a financial institution. Furthermore, it has earned an A1+ rating for its short-term debt and commercial papers, reinforcing its solid standing in the market.

HDBFS’ Business Segments

• Lending: The company provides an extensive selection of both secured and unsecured loans to its clients. HDBFS is a comprehensive solution for all financial needs, including loans, investments, and protection. By 31 March 2024, the company had established 1,682 branches across 31 states, encompassing 1,148 cities and 3 Union Territories. Furthermore, HDBFS operates in 7 state data centers in Maharashtra, Bihar, Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh & Odisha while maintaining centralized operations in Hyderabad, Chennai, and Noida.
• BPO Services: The company’s Business Process Outsourcing (BPO) services division specializes in providing a wide range of back-office and front-office solutions. In terms of back-office services, they excel in tasks such as forms processing, document verification, finance and accounting services, and correspondence management. Additionally, their expertise extends to front-office services including contact center management, outbound marketing, and collection services.

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HDB Financial Services Loan Spread

HDB Financial Services provides a wide range of credit products (both secured and unsecured) to various customer groups such as Personal Loans, Business Loans, Loans Against Property, Enterprise Business Loans, Gold Loans, Car Loans, Loans Against Shares, Loans Against Securities, Commercial Vehicle Loans, Construction Equipment Loans, Consumer Durable Loans, Digital Product Loan, Emergency Credit Line Guarantee Scheme (ECLGS), and General & Life Insurance are part of its product offering.

HDB Financial Services Credit Ratings

CARE Ratings and CRISIL Ratings have reaffirmed the highest ratings for the various facilities availed by the company, details of which are given below:

Key Highlights

• The Bank of Tokyo-Mitsubishi UFJ (MUFG) is getting ready to acquire a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of USD 9-10 billion, according to a report by the Economic Times.
• The company has posted an intelligent clean-up in bad loans in FY 2024. Stage 3 loans, defined as loans where recovery is due beyond 90 days, were capped at 1.90% of gross loans at the end of FY 2024. This is down substantially from 2.73% as of 31 March 2023.
• The Reserve Bank India (RBI) categorized 16 big NBFCs as upper-layer NBFCs. Companies in the list, which includes HDB Financial Services as well, will be subject to an enhanced regulatory framework. In October 2021, the central bank put in place a four-layered regulatory structure for NBFCs to minimize risks for the overall financial system.
• The net profit of HDB Financial Services rose 25.59% to INR 2,460.84 crore in FY 2024 as against INR 1,959.35 crore in FY 2023.
• Sales rose 10.42% to INR 3,220.20 crore in the quarter ended March 2023 as against INR 2,916.40 crore during the previous quarter ended March 2022.

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HDB Financial Unlisted Share Details

HDB Financial Services Unlisted Share – Recent Price Movement

HDBFS was trading at a high of INR 1,200 per share before COVID-19 but has corrected a lot since the pandemic. In recent years, the stock price has been under pressure due to the merger between HDFC Bank and HDFC. Against this backdrop, the HDB Financial Services IPO has been put on the back burner.

Nevertheless, the stock has seen a recovery in 2023 as a result of the bad loan cleanup. The price has increased from the level of INR 570 per share at the beginning of the calendar year.

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HDB Financial Unlisted Board of Directors

• Mr. Arijit Basu, Chairman, and Non-Executive Director
• Mr. Adayapalam Viswanathan, Independent Director
• Dr. Amla Samanta, Independent Director
• Ms. Arundhati Mech, Independent Director
• Ms. Smita Affinwalla, Independent Director
• Mr. Venkatraman Srinivasan, Independent Director
• Mr. G Ramesh, Managing Director & Chief Executive Officer
• Mr. Jayesh Chakravarthi, Independent Director
• Mr. Jimmy Tata, Non-Executive Director

HDB Financial Unlisted Share Details – Shareholding Pattern

Shareholding pattern of the company as of 31 March 2024:

HDB Financial Unlisted Share Details – Financial Metrics

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HDB Financial Services Annual Reports

HDB Financial Services Annual Report FY 2023 – 2024

HDB Financial Services Annual Report FY 2022 – 2023

HDB Financial Services Annual Report FY 2021 – 2022

HDB Financial Services Annual Report FY 2020 – 2021

HDB Financial Unlisted Share Peer Comparison

HDB Financial Unlisted Share FAQs