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| 25 September, 2021, 01:06 AM IST | E-Paper
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Housing Development Finance Corporation Ltd.

  • 2,839.0021.60 (0.77%)
  • Volume: 24,33,032
  • Closed
  • Last Updated On: 24 Sep, 2021, 03:59 PM IST
OPEN TRADING A/C
STOCK SCORE
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  • Overview
  • News
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  • Recos
  • Financials
  • Forecast
  • Technicals
  • Peers
  • Shareholdings
  • MF
  • F&O
  • Corp Actions
  • About

Insights

View All
  • Over the years non-performing assets have remained consistently lowest and have weathered all slowdowns which the Indian economy has witnessed.

  • Low interest rates, soft property prices and consolidation that is taking place in housing finance space since early 2019 are tailwinds. However, lockdowns and subsequent volatility in disposable income of individuals and stress on balance sheet of real estate developers will act headwinds in next couple of quarters.

  • Company's annual revenue growth of 36.62% outperformed its 3 year CAGR of 20.11%. (Source: Consolidated Financials)

  • 20 day moving crossover appeared yesterday. Average price gain of 2.39% within 7 days of this signal in last 5 years.

InsightsHousing Development Finance Corporation Ltd.

  • Lowest NPA in industry

    Over the years non-performing assets have remained consistently lowest and have weathered all slowdowns which the Indian economy has witnessed.

  • Head and Tail - Winds

    Low interest rates, soft property prices and consolidation that is taking place in housing finance space since early 2019 are tailwinds. However, lockdowns and subsequent volatility in disposable income of individuals and stress on balance sheet of real estate developers will act headwinds in next couple of quarters.

  • Beating 3 Yr Revenue CAGR

    Company's annual revenue growth of 36.62% outperformed its 3 year CAGR of 20.11%. (Source: Consolidated Financials)

  • Buy Signal: Bulls back on track

    20 day moving crossover appeared yesterday. Average price gain of 2.39% within 7 days of this signal in last 5 years.

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Key Metrics

  • PE Ratio

    PE Ratio

    This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.

    (x)
    25.42
  • EPS - TTM

    EPS - TTM

    Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.

    (₹)
    111.69
  • MCap

    MCap

    MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.

    (₹ Cr.)
    5,12,653
  • Sectoral MCap Rank

    Sectoral MCap Rank

    This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.

    1
  • PB Ratio

    PB Ratio

    Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.

    (x)
    3.07
  • Div Yield

    Dividend Yield

    Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.

    (%)
    0.81
  • Face Value

    Face Value

    Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.

    (₹)
    2.00
  • Beta

    Beta

    1 Month1.09
    3 Months0.92
    6 Months1.07
    1 Year1.14
    3 Years1.01

    1.09
  • VWAP

    VWAP

    Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.

    (₹)
    2,826.45
  • 52W H/L

    52W H/L

    This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.

    (₹)
    2,896.00 / 1,623.00

Returns

  • 1 Day0.77%
  • 1 Week0.47%
  • 1 Month5.49%
  • 3 Months14.14%
  • 1 Year73.44%
  • 3 Years65.18%
  • 5 Years99.21%

HDFC Stock Analysis

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Recommendations

Recent Recos

STRONG BUY

Current

Mean Recos by 35 Analysts

Strong
Sell
SellHoldBuyStrong
Buy
  • Target₹1620
  • OrganizationKotak Securities Limited
  • BUY
  • Target₹2372
  • OrganizationHDFC Securities
  • BUY

Analyst Trends

RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy21212221
Buy11111011
Hold3333
Sell----
Strong Sell----
# Analysts35353535

Financials

  • Income (P&L)

  • Balance Sheet

  • Cash Flow

  • Ratios

  • MD&A

  • Insights

    • Beating 3 Yr Revenue CAGR

      Company's annual revenue growth of 36.62% outperformed its 3 year CAGR of 20.11%. (Source: Consolidated Financials)
    • Employee & Interest Expense

      Company has spent 20.92% of its operating revenues towards interest expenses and 1.22% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)
    Quarterly | AnnualJun 2021Mar 2021Dec 2020Sep 2020Jun 2020
    Total Income30,997.1335,753.8639,267.5934,090.4529,959.34
    Total Income Growth (%)-13.30-8.9515.1913.7980.13
    Total Expenses19,959.8924,301.5827,262.5622,308.2418,801.77
    Total Expenses Growth (%)-17.87-10.8622.2118.65241.95
    EBIT11,037.2411,452.2812,005.0311,782.2111,157.57
    EBIT Growth (%)-3.62-4.601.895.600.21
    Profit after Tax (PAT)5,041.175,350.025,176.764,599.683,613.60
    PAT Growth (%)-5.773.3512.5527.29-12.21
    EBIT Margin (%)35.6132.0330.5734.5637.24
    Net Profit Margin (%)16.2614.9613.1813.4912.06
    Basic EPS (₹)27.9329.6928.7926.0320.86
    Quarterly | AnnualJun 2021Mar 2021Dec 2020Sep 2020Jun 2020
    Total Income11,663.1411,707.5311,716.3411,732.7013,019.29
    Total Income Growth (%)-0.38-0.08-0.14-9.888.66
    Total Expenses1,236.651,217.641,131.15801.811,595.41
    Total Expenses Growth (%)1.567.6541.07-49.74-1.96
    EBIT10,426.4910,489.8910,585.1910,930.8911,423.88
    EBIT Growth (%)-0.60-0.90-3.16-4.3210.33
    Profit after Tax (PAT)3,000.673,179.832,925.832,870.123,051.52
    PAT Growth (%)-5.638.681.94-5.9436.68
    EBIT Margin (%)89.4089.6090.3593.1787.75
    Net Profit Margin (%)25.7327.1624.9724.4623.44
    Basic EPS (₹)16.6317.6516.2716.2417.62
    Quarterly | Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Revenue1,39,071.241,01,795.9096,194.8779,819.6061,087.63
    Total Revenue Growth (%)36.625.8220.5230.6614.70
    Total Expenses1,21,755.4181,348.7581,485.7369,548.7148,438.08
    Total Expenses Growth (%)49.67-0.1717.1643.5816.31
    Profit after Tax (PAT)18,740.0621,434.5716,231.7611,979.9011,051.12
    PAT Growth (%)-12.5732.0535.498.408.45
    Operating Profit Margin (%)33.3751.6646.1144.0257.80
    Net Profit Margin (%)13.4721.0716.9215.0718.46
    Basic EPS (₹)105.59124.1495.4074.7768.87
    Quarterly | Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Revenue48,175.8658,763.3443,378.0140,707.4933,159.60
    Total Revenue Growth (%)-18.0235.476.5622.767.12
    Total Expenses33,360.7738,412.4230,259.2427,517.8522,432.96
    Total Expenses Growth (%)-13.1526.949.9622.677.60
    Profit after Tax (PAT)12,027.3017,769.659,632.4610,959.347,442.64
    PAT Growth (%)-32.3284.48-12.1147.254.93
    Operating Profit Margin (%)90.1987.4294.4890.1698.47
    Net Profit Margin (%)24.9730.2522.2226.9323.17
    Basic EPS (₹)67.77102.9156.5367.3146.08

    All figures in Rs Cr, unless mentioned otherwise

  • Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Assets8,29,354.907,29,814.936,60,875.125,66,609.214,74,137.34
    Total Assets Growth (%)13.6410.4316.6419.5019.23
    Total Liabilities6,63,737.435,95,978.455,42,896.604,69,741.653,22,074.83
    Total Liabilities Growth (%)11.379.7815.5745.8513.71
    Total Equity1,65,617.471,33,836.481,17,978.5296,867.5663,531.88
    Total Equity Growth (%)23.7513.4421.7952.4719.36
    Current Ratio (x)2.372.432.502.810.42
    Total Debt to Equity (x)2.853.363.473.663.40
    Contingent Liabilities6,540.357,229.936,972.266,079.364,561.50
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Assets5,67,598.585,24,093.564,58,777.553,98,909.593,37,306.04
    Total Assets Growth (%)8.3014.2415.0118.2616.81
    Total Liabilities4,58,815.934,37,935.503,81,422.083,33,644.682,97,660.66
    Total Liabilities Growth (%)4.7714.8214.3212.0916.90
    Total Equity1,08,782.6586,158.0677,355.4765,264.9139,645.38
    Total Equity Growth (%)26.2611.3818.5364.6216.19
    Current Ratio (x)4.674.264.906.570.34
    Total Debt to Equity (x)4.064.864.724.904.85
    Contingent Liabilities4,377.354,693.845,069.774,946.014,288.96

    All figures in Rs Cr, unless mentioned otherwise

  • Insights

    • Decrease in Cash from Investing

      Company has used Rs 6958.33 cr for investing activities which is an YoY decrease of 29.53%. (Source: Consolidated Financials)
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Net Cash flow from Operating Activities-27,276.43-26,801.02-44,301.42-57,928.01-14,173.09
    Net Cash used in Investing Activities-6,958.33-9,873.65-10,315.61-7,953.65-27,228.29
    Net Cash flow from Financing Activities31,664.9838,689.8254,985.6463,344.1043,127.32
    Net Cash Flow-2,569.782,015.15368.61-2,537.561,718.46
    Closing Cash & Cash Equivalent2,628.685,198.463,183.312,814.705,357.78
    Closing Cash & Cash Equivalent Growth (%)-49.4363.3013.10-47.4747.22
    Total Debt/ CFO (x)-16.39-15.87-8.75-5.81-14.42
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Net Cash flow from Operating Activities-28,473.19-43,816.79-40,095.72-55,903.95-36,119.22
    Net Cash used in Investing Activities-8,499.78-5,854.23-9,951.80-3,586.61-1,390.35
    Net Cash flow from Financing Activities34,601.0652,452.1049,176.1956,505.5839,087.85
    Net Cash Flow-2,371.912,781.08-871.33-2,984.981,570.80
    Closing Cash & Cash Equivalent769.973,141.88360.801,232.144,208.90
    Closing Cash & Cash Equivalent Growth (%)-75.49770.81-70.72-70.7359.54
    Total Debt/ CFO (x)-15.50-9.56-9.11-5.72-5.32

    All figures in Rs Cr, unless mentioned otherwise

  • Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Return on Equity (%)11.9516.9414.5213.0318.40
    Return on Capital Employed (%)9.1311.5710.609.2410.71
    Return on Assets (%)2.252.932.452.112.33
    Interest Coverage Ratio (x)1.601.641.501.421.58
    Asset Turnover Ratio (x)16.7613.9314.5114.0212.62
    Price to Earnings (x)24.1013.1820.8825.5821.60
    Price to Book (x)2.882.233.033.333.97
    EV/EBITDA (x)19.3313.4416.4218.3512.65
    EBITDA Margin (%)33.6251.9146.2144.1757.98
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Return on Equity (%)11.0520.6212.4516.7918.77
    Return on Capital Employed (%)9.7012.7411.1810.8116.00
    Return on Assets (%)2.113.392.092.742.20
    Interest Coverage Ratio (x)1.521.661.471.561.51
    Asset Turnover Ratio (x)8.4811.209.4410.209.51
    Price to Earnings (x)37.5915.9035.2127.9332.15
    Price to Book (x)4.143.284.384.686.02
    EV/EBITDA (x)20.4413.5517.1216.9913.40
    EBITDA Margin (%)90.5287.6794.6390.2898.65
  • MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21)

    • Broader risk aversion

      Total foreign portfolio investment inflows in debt and equity stood at USD 37 billion in FY21. Foreign exchange reserves stood at USD 577 billion as at March 31, 2021. India now holds the fourth largest foreign exchange reserves in the world. As at March 31, 2021, year-on-year bank deposit growth grew by 11.4%, however, bank credit growth remained subdued at 5.6% despite sharp reductions in interest rates, reflecting a continued risk averse environment.

    • High on retail, slow on corporate

      The individual loan business was impacted in the first half of the financial year due to the imposition of a strict national lockdown. The growth trajectory improved gradually as restrictions were lifted and from September 2020 onwards, growth trends normalised. Subsequently, the demand for home loans surpassed expectations. The second half of FY21 saw strong growth of receipts, approvals and disbursements of individual loans by the Corporation. During the year, the risk averse environment continued for non-individual loans and the Corporation opted to restrict its lending to select, high rated entities.

    • Tighter industry regulations

      NBFC-HFCs are required to maintain liquidity buffers to withstand potential liquidity disruptions by ensuring that it has sufficient High Quality Liquid Assets (HQLA) to survive any acute liquidity stress scenario lasting for 30 days. As per the guidelines, the weighted values of the net cash flows are calculated after the application of respective haircuts for HQLA and considering stress factors on inflows at 75% and outflows at 115%.

Financial InsightsHousing Development Finance Corporation Ltd.

  • Income (P&L)
  • Cash Flow
    • Beating 3 Yr Revenue CAGR

      Company's annual revenue growth of 36.62% outperformed its 3 year CAGR of 20.11%. (Source: Consolidated Financials)

    • Employee & Interest Expense

      Company has spent 20.92% of its operating revenues towards interest expenses and 1.22% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)

    • Decrease in Cash from Investing

      Company has used Rs 6958.33 cr for investing activities which is an YoY decrease of 29.53%. (Source: Consolidated Financials)

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Forecast

  • PRICE

  • REVENUE

  • EARNINGS

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Technicals

  • Buy / Sell Signals

  • Price Analysis

  • Pivot Levels & ATR

  • Chart

  • Bullish / Bearish signals for Housing Development Finance Corporation Ltd. basis selected technical indicators and moving average crossovers.

    5 Day EMA Crossover

    Bullish signal on daily chart

    Appeared on: 23 Sep 2021

    5D EMA: 2785.76

    Last 4 Buy Signals:17 Sep 2021
    Date7 days Gain/Loss %
    17 Sep 2021False Signal
    2 Sep 20212.74%
    27 Aug 20213.45%
    30 Jul 20219.99%

    Average price gain of 2.33% within 7 days of Bullish signal in last 5 years

    10 Day EMA Crossover

    Bullish signal on daily chart

    Appeared on: 23 Sep 2021

    10D EMA: 2788.46

    Last 4 Buy Signals:2 Aug 2021
    Date7 days Gain/Loss %
    2 Aug 20219.06%
    13 Jul 20210.51%
    5 Jul 20212.04%
    10 Jun 20211.26%

    Average price gain of 2.49% within 7 days of Bullish signal in last 5 years

    Show More
  • 48%
    Positive Movement since
    1st Jan 2005 on basis
    52%
    Negative Movement since
    1st Jan 2005 on basis
    Exclude
  • Pivot Levels

    R1R2R3PIVOTS1S2S3
    Classic2824.672843.332874.332812.332793.672781.332750.33

    Average True Range

    5 DAYS14 DAYS28 DAYS
    ATR58.1554.7452.87

Peer Comparison

  • Stock Performance

  • Ratio Performance

  • Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 63.93% as compared to Nifty 100 which gave a return of 56.47%. (as of last trading session)
    • Stock Returns vs Nifty Financial Services

      Stock generated 63.93% return as compared to Nifty Financial Services which gave investors 67.17% return over 3 year time period. (as of last trading session)
    • 1D
    • 1W
    • 1M
    • 3M
    • 6M
    • 1Y
    • 5Y
  • Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 63.93% as compared to Nifty 100 which gave a return of 56.47%. (as of last trading session)
    • Stock Returns vs Nifty Financial Services

      Stock generated 63.93% return as compared to Nifty Financial Services which gave investors 67.17% return over 3 year time period. (as of last trading session)

    Ratio Performance

    NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
    HDFC25.423.1011.959.132.2520.1133.379.75105.592.372.85-16.39
    LIC Housing10.561.1913.1510.961.1011.6891.5212.1747.634.1410.47-12.98
    Aavas Financiers67.818.4212.039.223.2230.4173.4826.1836.8652.312.64-5.92
    PNB Housing12.071.2410.4215.831.3011.4582.9412.2255.292.246.668.74
    Ibull Housing Fin8.630.657.4416.421.28-11.7385.6312.1027.722.204.269.71
    Add More
    Annual Ratios (%)

    Choose from Peers

    • HUDCO
    • Can Fin Homes
    • Home First Finance Company India Ltd.
    • Repco Home Fin
    • GIC Housing Fin

    Choose from Stocks

    Peers InsightsHousing Development Finance Corporation Ltd.

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 63.93% as compared to Nifty 100 which gave a return of 56.47%. (as of last trading session)

    • Stock Returns vs Nifty Financial Services

      Stock generated 63.93% return as compared to Nifty Financial Services which gave investors 67.17% return over 3 year time period. (as of last trading session)

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    Shareholding Pattern

    • QOQ Change

    • Total Shareholdings

    • Showing Shareholding as on 30 Jun 2021
      Category30 Jun 202131 Mar 202131 Dec 202030 Sep 2020
      Promoters0.000.000.000.00
      Pledge0.000.000.000.00
      FII72.2272.7871.9570.00
      DII16.4616.1217.1118.45
      Mutual Funds8.888.348.749.39
      Others11.3211.1010.9411.55
    • Showing Shareholding as on 30 Jun 2021
      CategoryNo. of SharesPercentage% Change QoQ
      FII1,30,40,47,93272.22 %-0.56
      DII29,74,15,09116.46 %0.34
      MF16,03,99,7678.88 %0.54
      Others20,42,90,22611.32 %0.22

    MF Ownership

    MF Ownership as on 31 August 2021

    F&O Quote

    • Futures

    • Options

      • Expiry

      Price

      2,828.009.35 (0.33%)

      Open Interest

      1,05,54,300-574,200 (-5.44%)

      OpenHighLowPrev CloseContracts TradedTurnover (₹ Lakhs)
      2,828.852,849.502,802.152,818.657,5701,07,035.81

      Open Interest as of 23 Sep 2021

    Corporate Actions

    • Board Meeting/AGM

    • Dividends

    • Others
    • Meeting DateAnnounced onPurposeDetails
      Aug 02, 2021Jul 06, 2021Board MeetingQuarterly Results
      Jul 20, 2021May 07, 2021AGM-
      May 07, 2021Apr 07, 2021Board MeetingAudited Results & Dividend
      Feb 02, 2021Jan 04, 2021Board MeetingQuarterly Results
      Nov 02, 2020Oct 07, 2020Board MeetingQuarterly Results
    • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
      Final1150%23.0May 31, 2021May 07, 2021
      Final1050%21.0Jul 09, 2020May 26, 2020
      -875%17.5Jul 19, 2019May 13, 2019
      Final875%17.5Jul 19, 2019May 13, 2019
      Interim175%3.5Mar 15, 2019Mar 06, 2019
    • All TypesEx-DateRecord DateAnnounced onDetails
      SplitsAug 18, 2010Aug 20, 2010May 03, 2010Split: Old FV10.0| New FV:2.0
      BonusDec 12, 2002Dec 16, 2002Oct 17, 2002Bonus Ratio: 1 share(s) for every 1 shares held

    About HDFC

    Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 512,653.35 Crore) operating in NBFC sector. Housing Development Finance Corporation Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Other Services, Dividend, Fees & Commission Income and Rental Income for the year ending 31-Mar-2021. Show More

    • Executives

    • Auditors

    • DS

      Deepak S Parekh

      Chairman
      KM

      Keki M Mistry

      Vice Chairman & CEO
      RS

      Renu Sud Karnad

      Managing Director
      VS

      V Srinivasa Rangan

      Executive Director & CFO
      BG

      Bhaskar Ghosh

      Director
      IV

      Ireena Vittal

      Director
      Show More
    • B S R & Co. LLP

    Key Indices Listed on

    Nifty 50, S&P BSE Sensex, Nifty 100, + 29 more

    Address

    Ramon House,H T Parekh Marg,169, Backbay Reclamation,Mumbai, Maharashtra - 400020

    HDFC Share Price Update

    Housing Development Finance Corporation Ltd. share price moved up by 0.77% from its previous close of Rs 2,817.40. Housing Development Finance Corporation Ltd. stock last traded price is 2,839.00

    Share PriceValue
    Today/Current/Last2,839.00
    Previous Day2,817.40

    Trending in Markets

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