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Ticker HDFC
Housing Development Finance Corporation Ltd Fundamentals
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Housing Development Finance Corporation Ltd

Updated on February 16, 2019

Stock/Share Code - HDFC

HDFC is engaged in financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes, in India.

Below is the details of HDFC Housing Development Finance Corporation Ltd

Market Cap	₹334,377 Cr.
Current Price	₹1,887.4 as on 22 Feb 19
52 Week High / Low Price	₹2,051 / ₹1,646
Face Value	₹2
Stock P/E	34.79
Book Value	₹411.76
Dividend Yield	1.00 %
ROCE	9.65 %
ROE	18.46 %
Sales Growth (3yrs)	8.69 %
Sector	Finance
Industry	Finance - Housing
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company has been maintaining a healthy dividend payout of 34.61%

Cons: Stock is trading at 4.72 times its book value Company has low interest coverage ratio. The company has delivered a poor growth of 10.76% over past five years.

Housing Development Finance Corporation Ltd Price Chart

Housing Development Finance Corporation Ltd Peer Comparison in Finance

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	H D F C	₹300	34.79	₹334,376.98 Cr.	1.00	₹2,113.8 Cr.	-60.12	-25.01	10555.55	9.65
2.	Indiabulls Hous.	₹679.95	6.38	₹26,235.93 Cr.	6.67	₹985.51 Cr.	-13.73	23.89	4236.80	11.43
3.	LIC Housing Fin.	₹469.9	10.14	₹23,087.74 Cr.	1.49	₹596.31 Cr.	25.51	22.42	4438.78	9.60
4.	Dewan Hsg. Fin.	₹269.85	2.28	₹3,425.38 Cr.	5.04	₹313.6 Cr.	-36.70	12.33	3250.94	9.78
5.	H U D C O	₹300	6.82	₹7,957.55 Cr.	1.38	₹328.26 Cr.	26.90	21.88	1310.53	8.06
6.	PNB Housing	₹915.15	17.28	₹16,080.88 Cr.	0.93	₹266.95 Cr.	16.34	41.20	1999.50	9.48
7.	GRUH Finance	₹251.95	40.22	₹18,023.02 Cr.	0.67	₹96.95 Cr.	6.73	24.80	540.06	10.77

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Housing Development Finance Corporation Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018
Revenue	9,211	8,382	8,091	8,137	8,502	8,279	9,003	14,076	9,622	9,947	11,239	10,556
Interest	4,870	5,126	5,246	5,286	5,238	5,754	5,845	5,943	5,711	6,353	7,045	7,259
Expenses	700	553	286	317	325	501	435	2,282	400	516	710	428
Employee Cost %	0.91%	1.27%	1.15%	1.27%	1.01%	2.51%	4.3%	2.82%	1%	3.26%	1.13%	1.35%
Financing Profit	3,641	2,703	2,560	2,534	2,939	2,023	2,723	5,852	3,512	3,078	3,485	2,869
Financing Margin %	40%	32%	32%	31%	35%	24%	30%	42%	36%	31%	31%	27%
Other Income	15	11	12	11	12	11	4	12	18	5	17	14
Depreciation	14	14	14	14	14	12	12	13	12	13	13	14
Profit before tax	3,642	2,700	2,558	2,531	2,938	2,022	2,715	5,851	3,517	3,070	3,489	2,869
Tax %	28%	31%	29%	33%	30%	30%	27%	9%	19%	29%	29%	26%
Net Profit	2,607	1,871	1,826	1,701	2,044	1,424	1,978	5,300	2,846	2,190	2,467	2,114
Gross NPA %	0.70%	0.75%	0.76%	0.81%	0.31%	0.00%	1.14%	1.15%	0.00%	0.00%	1.13%	1.22%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Revenue	5,832	8,176	10,995	11,338	12,853	17,333	21,112	24,143	27,401	30,905	33,113	35,185	41,365
Interest	3,673	5,185	7,432	7,063	7,560	11,157	13,891	16,029	17,975	19,375	20,896	22,235	26,367
Expenses	244	299	349	364	432	511	660	696	842	1,420	1,481	1,364	2,054
Manufacturing Cost %	0.22%	0.17%	0.15%	0.14%	0.15%	0.12%	0.24%	0.24%	0.24%	0.24%	0.24%	0.28%	%
Employee Cost %	1.45%	1.33%	1.16%	1.16%	1.31%	1.14%	1.17%	1.16%	1.2%	1.13%	1.17%	1.21%	%
Other Cost %	2.52%	2.16%	1.86%	1.9%	1.9%	1.69%	1.72%	1.48%	1.64%	3.23%	3.06%	2.39%	%
Financing Profit	1,914	2,692	3,214	3,912	4,861	5,665	6,561	7,418	8,584	10,111	10,736	11,587	12,944
Financing Margin %	33%	33%	29%	34%	38%	33%	31%	31%	31%	33%	32%	33%	31%
Other Income	71	698	23	23	25	22	35	55	70	51	47	3,726	54
Depreciation	17	17	17	18	19	21	24	32	30	54	56	49	53
Profit before tax	1,968	3,374	3,219	3,916	4,867	5,666	6,573	7,440	8,624	10,108	10,727	15,264	12,945
Tax %	20%	28%	29%	28%	27%	27%	26%	27%	31%	30%	31%	20%
Net Profit	1,570	2,436	2,283	2,826	3,535	4,123	4,848	5,440	5,990	7,093	7,443	12,164	9,617
EPS in Rs	11.67	16.31	15.06	18.49	22.64	26.13	29.23	32.48	35.32	41.98	46.85	72.58
Dividend Payout %	35%	29%	37%	37%	37%	39%	40%	40%	39%	38%	38%	28%

Compounded Sales Growth

10 Years:: 15.71%
5 Years:: 10.76%
3 Years:: 8.69%
TTM:: 3.77%

Compounded Profit Growth

10 Years:: 16.77%
5 Years:: 13.96%
3 Years:: 15.87%
TTM:: -10.51%

Return on Equity

10 Years:: 20.45%
5 Years:: 20.08%
3 Years:: 19.91%
TTM:: 18.46%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2018
Share Capital	253	284	284	287	293	295	309	312	315	316	318	335	339
Equity Capital	253	284.03	284.45	287.11	293.37	295.39	309.27	312.1	314.94	315.97	317.73	335.18
Reserves	5,298	11,663	12,853	14,911	17,023	18,722	24,521	27,643	30,655	33,754	39,277	61,017	70,462
Borrowings	57,193	69,151	83,856	96,565	115,112	139,128	158,828	183,973	208,599	237,763	279,732	319,912	61,600
Other Liabilities	2,882	3,376	4,715	4,928	6,863	9,424	11,752	13,582	15,168	18,063	19,154	22,070	294,610
Trade Payables	160.76	85.38	659.23	227.87	75.76	178.72	26.89	81.82	87.8	122.92	147.71	207.59	319.09
Total Liabilities	65,626	84,474	101,709	116,691	139,292	167,569	195,411	225,511	254,737	289,896	338,480	403,335	427,011
Fixed Assets	213	208	203	222	234	234	238	280	677	665	1,000	1,060	1,042
Gross Block	493.11	488.57	493.85	524.45	547.54	555.58	576.41	637.93	1038.48	1064.7	1440.4	1536.88
Accumulated Depreciation	277.87	277.91	290.44	302.34	313.59	321.63	338.47	357.45	361.52	400.17	440.76	476.75
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	3,666	6,915	10,469	10,727	11,832	12,207	13,613	13,913	14,294	15,345	20,053	30,117	38,217
Other Assets	61,747	77,351	91,037	105,742	127,226	155,128	181,559	211,317	239,766	273,886	317,428	372,158	387,753
Trade receivables	5.02	2.01	27.77	0.73	1.27	60.21	1.32	84.52	46.18	144.66	109.48	109.59	3049.36
Cash Equivalents	1373.35	777.73	1718.54	5224.15	6130.03	5472.85	5751.14	7715.52	3364.65	5320.67	6318.8	1371.39	322.85
Loans n Advances	3856.02	3243.15	4092.24	2549.98	18970.3	21040.9	21702.02	24216.96	29346.83	32034.05	38175.11	26246.68	375792.14
Total Assets	65,626	84,474	101,709	116,691	139,292	167,569	195,411	225,511	254,737	289,896	338,480	403,335	427,011

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	1,649	1,894	-8,750	-9,733	-17,212	-23,755	-19,840	-21,469	-25,469	-27,405	-36,119	-50,443
Profit from operations	1659.2	2553.55	3374.96	3555.52	4396.72	-963.25	-1261.72	-778.38	-470.51	-499.99	-695.88	-998.36
Working Capital Changes	418.84	291.45	383.1	-28.79	122.8	-2341.92	4040.31	79.61	-27.36	-2246.96	-779.2	-159.25
Taxes paid	-429.05	-951.17	-12507.7	-13259.38	-21731.12	-20450	-22618.41	-20770.12	-24971.36	-24657.64	-34644.14	-49285.42
Cash from Investing Activity	582	-2,380	-3,415	112	-527	180	-867	152	199	853	-1,398	-2,480
Fixed Assets Purchased	-26	-15.74	-12.37	-34.83	-29.66	-18.91	-25.84	-79.76	-451.77	-37.38	-27.97	-43.47
Fixed Assets Sold	52.54	6.77	3.22	1.07	4.5	1.48	0.91	28.55	56.83	3.16	0.62	0.68
Investments purchased	-40497.32	-59871.9	-88129.69	-143850.24	-160358.26	-191570.04	-229820.08	-442034.42	-310639.6	-348618.35	-3741.97	-14975.06
Investments sold	41258.79	57594.59	85139.75	144282.67	160137.64	192046.07	229060.78	442304.64	311291.19	347739.55	1675.44	6521.27
Cash from Financing Activity	-2,060	-109	13,082	13,149	18,644	22,695	21,531	23,628	22,392	26,301	39,088	49,946
Proceeds from Shares	292.37	4719.93	51.5	326.86	883.85	307.09	3832.97	629.25	684.29	346.33	682.39	14053.81
Proceeds from Borrowings	9838.77	12093.96	13853.01	13515.45	18994.3	23919.98	19574.71	63502.31	0	66009.9	170965.37	180965.57
Repayment of Borrowings	-11530.06	-16506.23	0	0	0	0	0	-42816.75	-50866.15	-45379.01	-131656.17	-136840
Dividends Paid	-499.13	-556.61	-710.6	-853.68	-1047.42	-1321.85	-1635.57	-1939.91	-2502.57	-2050.29	-3159.71	-2957.6
Net Cash Flow	172	-596	918	3,529	905	-880	825	2,311	-2,878	-250	1,571	-2,977

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Ratios

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROE %	31%	23%	18%	20%	22%	23%	22%	21%	20%	22%	20%	18%

Announcements & News

Recent Announcements

Intimation In Terms Of Regulations 30 And 57(1) Of The SEBI(LODR) Regulations, 2015 Regarding Payment Of Interest And Principal In ISIN - INE001A07OI1 | Feb. 8, 2019
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | Feb. 8, 2019
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Feb. 7, 2019
Announcement under Regulation 30 (LODR)-Newspaper Publication | Feb. 6, 2019
Loss of Share Certificate / Issue of Duplicate Share Certificate | Feb. 5, 2019

Credit Ratings

Annual Reports

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