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Hdb Financial Services Limited
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Registered Details

HDB FINANCIAL SERVICES LIMITED

www.hdbfs.com

Active

Updated: 23 Oct 2024

The company provides financing, collection, and insurance services.

Hdb Financial Services Limited, is an unlisted public company incorporated on 04 June, 2007. It is classified as a public limited company and is located in Ahmedabad, Gujarat. It's authorized share capital is INR 1,001.55 cr and the total paid-up capital is INR 793.96 cr.

Industry

Finance

Products

doctor's, nsecured loans, including personal and business, new to credit, and tractor loans, consumer durables, commercial vehicle, auto, construction equipment, gold, enterprise business

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

14.26%

₹ 14,171.1

EBITDA

33.0%

₹ 8,314.1

Net Profit

25.6%

₹ 2,460.8

Networth

20.16%

₹ 13,742.7

Borrowings

35.48%

₹ 74,330.7

Assets

32.13%

₹ 92,556.5

Gross Margin

- %

Operating Margin

8.27

58.7 %

Net Profit Margin

1.57

17.4 %

Return on Equity

0.78

17.9 %

ROCE

-26.67

-234.6 %

Debt to Equity

0.61

5.4

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (1)

State	Type	Address

Locations on Map

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE
LOW INTEREST COVERAGE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Peers / Similar Companies

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Kerala

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Kerala

Piramal Capital & Housing Finance Limited

Maharashtra

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Maharashtra

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	10,756.5	10,944.8	11,306.3	12,402.9	14,171.1
Operating profit	5,655.6	4,491.4	4,772.0	6,251.2	8,314.1
Net profit	1,004.8	391.5	1,011.4	1,959.4	2,460.8
Gross margin	-	-	-	-	-
Operating margin	52.6	41.0	42.2	50.4	58.7
Net margin	9.3	3.6	8.9	15.8	17.4
Networth	8,017.8	8,446.2	9,539.7	11,437.0	13,742.7
Borrowings	49,804.1	50,358.7	48,973.1	54,865.3	74,330.7
Assets	60,714.5	62,641.1	62,025.9	70,050.4	92,556.5
Debt to equity	6.2	6.0	5.1	4.8	5.4
Current ratio	-	-	-	-	-
ROE	12.5	4.6	10.6	17.1	17.9
Days payable	-	-	-	-	-
WC days	-	-	-	-	-

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	787.6	789.2	790.4	791.4	793.1
Reserves	7,230.2	7,657.0	8,749.3	10,645.6	12,949.6
Borrowings +	49,804.1	50,358.7	48,973.1	54,865.3	74,330.7
Long term borrowings	49,804.1	50,358.7	48,973.1	54,865.3	74,330.7
Short term borrowings	-	-	-	-	-
Trade payables +	150.0	334.3	246.9	291.8	509.0
Days payable	-	-	-	-	-
Other liabilities +	2,892.6	3,836.1	3,513.1	3,748.1	4,483.1
Other non-current liabilities	-	-	-	-	-
Other current liabilities	2,742.6	3,501.8	3,266.2	3,456.3	3,974.1
Total liabilities	60,714.5	62,641.1	62,025.9	70,050.4	92,556.5
Fixed Assets +	133.6	99.5	90.1	142.8	184.7
Tangible assets	124.5	91.5	78.1	122.4	162.5
CWIP	-	-	-	-	-
Intangible assets	9.1	8.0	12.0	20.4	22.1
LT loans and advances	57,145.9	58,601.4	57,162.4	66,382.7	86,721.3
Other non-current assets	2,739.1	3,012.4	3,978.0	2,872.8	4,834.9
Current assets +	695.9	927.7	795.4	652.1	815.7
Inventories	-	-	-	-	-
Trade receivables	181.2	117.3	141.8	65.8	124.6
Cash and cash equivalents	356.0	753.5	507.8	395.9	647.9
ST loans and advances	-	-	-	-	-
Other current assets	158.7	56.9	145.8	190.5	43.2
Total assets	60,714.5	62,641.1	62,025.9	70,050.4	92,556.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.3	1.26	1.27	1.13	0.86
Reserves	11.91	12.22	14.11	15.2	13.99
Borrowings +	82.03	80.39	78.96	78.32	80.31
Long term borrowings	82.03	80.39	78.96	78.32	80.31
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	0.25	0.53	0.4	0.42	0.55
Other liabilities +	4.76	6.12	5.66	5.35	4.84
Other non-current liabilities	0.0	0.0	0.0	0.0	0.0
Other current liabilities	4.52	5.59	5.27	4.93	4.29
Total liabilities
Fixed Assets +	0.22	0.16	0.15	0.2	0.2
Tangible assets	0.21	0.15	0.13	0.17	0.18
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.01	0.01	0.02	0.03	0.02
LT loans and advances	94.12	93.55	92.16	94.76	93.7
Other non-current assets	4.51	4.81	6.41	4.1	5.22
Current assets +	1.15	1.48	1.28	0.93	0.88
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	0.3	0.19	0.23	0.09	0.13
Cash and cash equivalents	0.59	1.2	0.82	0.57	0.7
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	0.26	0.09	0.24	0.27	0.05
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	10,756.5	10,944.8	11,306.3	12,402.9	14,171.1
Sales growth %	23.29	1.75	3.3	9.7	14.26
Expenses +	9,292.0	10,444.1	9,958.7	9,775.5	10,866.4
Cost of goods	-	-	-	-	-
Employee cost	3,195.6	2,955.6	3,500.4	4,057.6	3,850.7
Other costs	1,905.3	3,497.8	3,033.9	2,094.1	2,006.2
Operating profit +	5,655.6	4,491.4	4,772.0	6,251.2	8,314.1
Operating margin %	52.6	41.0	42.2	50.4	58.7
Other income	-	-	-	-	-
Interest	4,081.4	3,882.9	3,325.5	3,511.9	4,864.3
Depreciation	109.7	107.8	98.9	111.8	145.1
Exceptional items	-	-	-	-	-
Profit before tax	1,464.5	500.7	1,347.6	2,627.4	3,304.7
Tax	459.6	109.2	336.2	668.0	843.8
Profit - disc. ops	-	-	-	-	-
Net profit	1,004.8	391.5	1,011.4	1,959.4	2,460.8
Net margin %	9.3	3.6	8.9	15.8	17.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	100.0	100.0	100.0	100.0	100.0
Expenses +	86.39	95.43	88.08	78.82	76.68
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	29.71	27.0	30.96	32.71	27.17
Other costs	17.71	31.96	26.83	16.88	14.16
Operating profit	52.58	41.04	42.21	50.4	58.67
Other income	0.0	0.0	0.0	0.0	0.0
Interest	37.94	35.48	29.41	28.32	34.33
Depreciation	1.02	0.98	0.88	0.9	1.02
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	13.61	4.57	11.92	21.18	23.32
Tax	4.27	1.0	2.97	5.39	5.95
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.34	3.58	8.95	15.8	17.37

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	6.2	6.0	5.1	4.8	5.4
Net Debt/Equity	6.2	5.9	5.1	4.8	5.4
Total Debt/Assets	0.8	0.8	0.8	0.8	0.8
Total Assets/Equity	7.6	7.4	6.5	6.1	6.7
Liquidity +
Current Ratio	-	-	-	-	-
Quick Ratio	-	-	-	-	-
Interest Coverage	-	-	-	-	-
Performance
Gross Margin	-	-	-	-	-
Operating Margin	52.6	41.0	42.2	50.4	58.7
Net Margin	9.3	3.6	8.9	15.8	17.4
Return +
Return on Equity	12.5	4.6	10.6	17.1	17.9
Pre-tax ROCE	-268.8	-156.1	-177.8	-207.9	-234.6
Return on Assets	1.7	0.6	1.6	2.8	2.7
Pre-tax ROIC	9.7	7.5	8.1	9.3	9.3
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	-	-	-	-	-
Fixed Asset Turnover	80.5	110.0	125.4	86.9	76.7
Total Asset Turnover	0.2	0.2	0.2	0.2	0.1
Working Capital
Cash Conversion Cycle	-	-	-	-	-
Working Capital Days	-	-	-	-	-

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

IDBI Trusteeship Services Limited

No. of Loans: 10

Total Amount : 52,770.5 cr

HDFC Bank Limited

No. of Loans: 8

Total Amount : 23,300.0 cr

Union Bank of India

No. of Loans: 4

Total Amount : 5,500.0 cr

State Bank of India

No. of Loans: 3

Total Amount : 4,500.0 cr

Small Industries Development Bank of India

No. of Loans: 1

Total Amount : 4,000.0 cr

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 2

Total Amount : 3,445.0 cr

ICICI Bank Limited

No. of Loans: 3

Total Amount : 2,500.0 cr

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 2,079.5 cr

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 1,710.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 1,558.3 cr

Punjab National Bank

No. of Loans: 2

Total Amount : 1,500.0 cr

Punjab and Sind Bank

No. of Loans: 1

Total Amount : 1,000.0 cr

Bank of India

No. of Loans: 1

Total Amount : 1,000.0 cr

Bank of Baroda

No. of Loans: 1

Total Amount : 1,000.0 cr

IDBI Bank Limited

No. of Loans: 2

Total Amount : 500.0 cr

Axis Bank Limited

No. of Loans: 3

Total Amount : 500.0 cr

Canara Bank

No. of Loans: 1

Total Amount : 500.0 cr

Central Bank of India

No. of Loans: 1

Total Amount : 400.0 cr

The Jammu and Kashmir Bank Limited

No. of Loans: 1

Total Amount : 300.0 cr

The Karnataka Bank Limited

No. of Loans: 1

Total Amount : 250.0 cr

City Union Bank Limited

No. of Loans: 1

Total Amount : 250.0 cr

The Catholic Syrian Bank Limited

No. of Loans: 1

Total Amount : 240.0 cr

CTBC BANK CO LTD

No. of Loans: 1

Total Amount : 75.0 cr

Dhanlaxmi Bank Limited

No. of Loans: 1

Total Amount : 60.0 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	1,558.3 cr	27 Sep, 2024
The Hongkong and Shanghai Banking Corporation Limited	3,045.0 cr	13 Sep, 2024
ICICI Bank Limited	1,000.0 cr	27 Aug, 2024
IDBI Bank Limited	200.0 cr	28 Jun, 2024
IDBI Trusteeship Services Limited	5,000.0 cr	10 Jun, 2024
Union Bank of India	2,000.0 cr	28 Mar, 2024
HDFC Bank Limited	6,000.0 cr	22 Mar, 2024
SBICap Trustee Company Limited	2,079.5 cr	15 Mar, 2024
IDBI Trusteeship Services Limited	5,000.0 cr	01 Mar, 2024
Small Industries Development Bank of India	4,000.0 cr	16 Jan, 2024
Punjab and Sind Bank	1,000.0 cr	27 Dec, 2023
The Hongkong and Shanghai Banking Corporation Limited	400.0 cr	23 Nov, 2023
State Bank of India	2,000.0 cr	23 Nov, 2023
ICICI Bank Limited	1,000.0 cr	27 Oct, 2023
Union Bank of India	1,000.0 cr	25 Oct, 2023
The Karnataka Bank Limited	250.0 cr	27 Sep, 2023
City Union Bank Limited	250.0 cr	26 Sep, 2023
HDFC Bank Limited	3,000.0 cr	26 Sep, 2023
HDFC Bank Limited	700.0 cr	20 Sep, 2023
IDBI Trusteeship Services Limited	10,000.0 cr	01 Sep, 2023
HDFC Bank Limited	2,100.0 cr	28 Aug, 2023
IDBI Trusteeship Services Limited	5,000.0 cr	17 May, 2023
Bank of India	1,000.0 cr	28 Mar, 2023
State Bank of India	2,000.0 cr	22 Mar, 2023
Axis Bank Limited	245.0 cr	17 Mar, 2023
IDBI Trusteeship Services Limited	5,000.0 cr	16 Mar, 2023
Bank of Baroda	1,000.0 cr	15 Mar, 2023
IDBI Bank Limited	300.0 cr	24 Jan, 2023
Central Bank of India	400.0 cr	28 Sep, 2022
The Jammu and Kashmir Bank Limited	300.0 cr	23 Sep, 2022
Union Bank of India	1,500.0 cr	22 Jul, 2022
Punjab National Bank	500.0 cr	24 Jun, 2022
Canara Bank	500.0 cr	13 Jun, 2022
State Bank of India	500.0 cr	28 Mar, 2022
IndusInd Bank Limited	1,710.0 cr	25 Mar, 2022
HDFC Bank Limited	1,000.0 cr	24 Mar, 2022
Union Bank of India	1,000.0 cr	24 Mar, 2022
HDFC Bank Limited	3,500.0 cr	24 Mar, 2022
Axis Bank Limited	5.0 cr	21 Mar, 2022
Axis Bank Limited	250.0 cr	21 Mar, 2022
CTBC BANK CO LTD	75.0 cr	18 Feb, 2022
The Catholic Syrian Bank Limited	240.0 cr	11 Jan, 2022
Dhanlaxmi Bank Limited	60.0 cr	15 Dec, 2021
IDBI Trusteeship Services Limited	10,000.0 cr	23 Nov, 2021
IDBI Trusteeship Services Limited	5,194.1 cr	04 Oct, 2021
Punjab National Bank	1,000.0 cr	28 Sep, 2021
ICICI Bank Limited	500.0 cr	16 Sep, 2021
IDBI Trusteeship Services Limited	7,500.0 cr	24 May, 2021
IDBI Trusteeship Services Limited	36.5 cr	26 Dec, 2019
HDFC Bank Limited	5,000.0 cr	21 Nov, 2019
HDFC Bank Limited	2,000.0 cr	21 Dec, 2018
IDBI Trusteeship Services Limited	39.9 cr	15 Dec, 2018

Charges

IDBI Trusteeship Services Limited

HDFC Bank Limited

Union Bank of India

State Bank of India

Others

People

Designation	Name	DIN/PAN	Tenure
Director	Jayant Purushottam Gokhale	00190075	1 years
Director	Venkatraman Srinivasan	00246012	10 years
Director	Amla Ashim Samanta	00758883	6 years
Director	Bhaskar Sharma	02871367	1 years
Managing Director	Ramesh Ganesan Shareholder	05291597	13 years
CFO	Jaykumar Pravinchandra Shah Shareholder	<HIDDEN>	3 years
Director	Jimmy Minocher Tata Shareholder	06888364	2 years
Director	Arijit Basu	06907779	4 years
Director	Smita Cawas Affinwalla	07106628	10 years
Director	Jayesh Rajagopalan Chakravarthi	08345495	1 years
Director	Adayapalam Kumaraswamy Viswanathan	08518003	6 years
Director	Arundhati Mech	09177619	3 years
CS	Dipti Khandelwal Shareholder	<HIDDEN>	8 years

Company Network

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INTERNATIONAL ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Active	84.2 Cr	1	Delhi
PEERLESS HOSPITEX HOSPITAL AND RESEARCH CENTER LTD.	Active	41.6 Cr	1	West Bengal
AVAMEH CONSULTING PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
ILLUMINOS CONSULTING PRIVATE LIMITED	Active	10.0 L	1	Maharashtra
RECAST TECHNOLOGIES PRIVATE LIMITED	Active	2.0 L	1	Karnataka
SHIVALIK SMALL FINANCE BANK LIMITED	Active	139.2 Cr	1	Delhi
L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	Amalgamated	1,505.3 Cr	1	Maharashtra

Registered Details

CIN

U65993GJ2007PLC051028

PAN

AABCH8761M

Incorporation

2007, 17.9 years

Company Email

compliance@hdbfs.com

Paid up Capital

₹ 794.0 Cr

Authorised Capital

₹ 1,001.5 Cr

AGM

Jun 2024

Type

Public

Non-government Company

FAQ - HDB FINANCIAL SERVICES LIMITED

What is the incorporation date of HDB FINANCIAL SERVICES LIMITED?

The incorporation date of HDB FINANCIAL SERVICES LIMITED is 04 June, 2007

What is the authorized share capital of HDB FINANCIAL SERVICES LIMITED?

The authorized share capital of HDB FINANCIAL SERVICES LIMITED is INR ₹ 1,001.5 Cr.

What is the paid-up capital of HDB FINANCIAL SERVICES LIMITED?

The paid-up capital of HDB FINANCIAL SERVICES LIMITED is INR ₹ 794.0 Cr.

What is the registered address of HDB FINANCIAL SERVICES LIMITED?

The registered address of HDB FINANCIAL SERVICES LIMITED is Radhika, 2nd Floor, Law Garden Road, Navrangpura, NA Ahmedabad Gujarat - 380009

What is the CIN number of HDB FINANCIAL SERVICES LIMITED?

The CIN number of HDB FINANCIAL SERVICES LIMITED is U65993GJ2007PLC051028.

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Piramal Capital & Housing Finance Limited

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