Housing Development Finance
Market Cap
₹4.7t
Last Updated
2021/03/02 12:10 UTC
Data Sources
Company Financials +
Executive Summary
Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Housing Development Finance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500010 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 500010's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
500010
-1.1%
IN Mortgage
1.8%
IN Market
1 Year Return
16.9%
500010
18.6%
IN Mortgage
35.8%
IN Market
Return vs Industry: 500010 underperformed the Indian Mortgage industry which returned 18.6% over the past year.
Return vs Market: 500010 underperformed the Indian Market which returned 35.8% over the past year.
Shareholder returns
| 500010 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.1% | 1.8% |
| 30 Day | 7.9% | 10.8% | 10.9% |
| 90 Day | 12.7% | 14.8% | 16.0% |
| 1 Year | 18.2%16.9% | 19.9%18.6% | 38.3%35.8% |
| 3 Year | 50.1%45.6% | 18.1%13.0% | 24.4%18.1% |
| 5 Year | 136.5%123.8% | 109.0%94.2% | 91.7%76.6% |
Long-Term Price Volatility Vs. Market
How volatile is Housing Development Finance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Did Housing Development Finance Corporation Limited (BOM:500010) Create Value For Shareholders?Valuation
Is Housing Development Finance undervalued compared to its fair value and its price relative to the market?
25.74x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 500010 (₹2564.9) is trading above our estimate of fair value (₹493.44)
Significantly Below Fair Value: 500010 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 500010 is poor value based on its PE Ratio (25.7x) compared to the IN Mortgage industry average (14.2x).
PE vs Market: 500010 is poor value based on its PE Ratio (25.7x) compared to the Indian market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: 500010 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 500010 is overvalued based on its PB Ratio (3.1x) compared to the IN Mortgage industry average (1.5x).
Next Steps
Future Growth
How is Housing Development Finance forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
22.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500010's forecast earnings growth (22.4% per year) is above the savings rate (7%).
Earnings vs Market: 500010's earnings (22.4% per year) are forecast to grow slower than the Indian market (25.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 500010's revenue (5.5% per year) is forecast to grow slower than the Indian market (14.5% per year).
High Growth Revenue: 500010's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 500010's Return on Equity is forecast to be low in 3 years time (15.7%).
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Past Performance
How has Housing Development Finance performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500010 has high quality earnings.
Growing Profit Margin: 500010's current net profit margins (20.3%) are lower than last year (28.4%).
Past Earnings Growth Analysis
Earnings Trend: 500010's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: 500010's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 500010 had negative earnings growth (-19.7%) over the past year, making it difficult to compare to the Mortgage industry average (-10.8%).
Return on Equity
High ROE: 500010's Return on Equity (12.6%) is considered low.
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Financial Health
How is Housing Development Finance's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: 500010's Assets to Equity ratio (5.1x) is low.
Allowance for Bad Loans: 500010 has a sufficient allowance for bad loans (114%).
Low Risk Liabilities: 76% of 500010's liabilities are made up of primarily higher risk sources of funding.
Loan Level: 500010 has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: 500010's Loans to Deposits ratio (316%) is high.
Level of Bad Loans: 500010 has an appropriate level of bad loans (1.8%).
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Dividend
What is Housing Development Finance current dividend yield, its reliability and sustainability?
0.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 500010's dividend (0.82%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: 500010's dividend (0.82%) is low compared to the top 25% of dividend payers in the Indian market (1.82%).
Stability and Growth of Payments
Stable Dividend: 500010's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500010's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.1%), 500010's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500010's dividends in 3 years are forecast to be thoroughly covered by earnings (13.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
11.2yrs
Average management tenure
CEO
Keki Mistry (65 yo)
21.17yrs
Tenure
₹154,185,671
Compensation
Mr. Keki Minoo Mistry, C.P.A., serves as Associate Director of HDFC Asset Management Company Ltd. Mr. Mistry has been the Chief Executive Officer of Housing Development Finance Corporation Limited (a/k/a H...
CEO Compensation Analysis
Compensation vs Market: Keki's total compensation ($USD2.10M) is above average for companies of similar size in the Indian market ($USD988.63K).
Compensation vs Earnings: Keki's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & CEO | 21.17yrs | ₹154.19m | 0.045% ₹ 2.1b | |
| MD & Executive Director | 21.17yrs | ₹138.76m | 0.14% ₹ 6.6b | |
| CFO & Whole-time Executive Director | 11.17yrs | ₹98.97m | 0.039% ₹ 1.8b | |
| Company Secretary & Compliance Officer | 6yrs | ₹6.06m | 0.0029% ₹ 134.9m | |
| General Manager of Accounts | no data | no data | no data | |
| Chief Investor Relations Officer | no data | no data | 0.068% ₹ 3.2b | |
| Head of Legal | no data | no data | 0.0019% ₹ 91.2m | |
| General Manager of Public Relations | no data | no data | 0.0031% ₹ 146.7m | |
| Senior General Manager of Human Resources | no data | no data | 0.0013% ₹ 61.6m | |
| Senior GM & Regional Business Head of Maharashtra | no data | no data | 0.035% ₹ 1.6b | |
| Senior GM & Regional Business Head of Gujarat | no data | no data | 0.024% ₹ 1.1b | |
| Chief Information Technology Officer | no data | no data | 0.020% ₹ 923.3m |
11.2yrs
Average Tenure
62.5yo
Average Age
Experienced Management: 500010's management team is seasoned and experienced (11.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & CEO | 21.17yrs | ₹154.19m | 0.045% ₹ 2.1b | |
| MD & Executive Director | 21.17yrs | ₹138.76m | 0.14% ₹ 6.6b | |
| CFO & Whole-time Executive Director | 11.17yrs | ₹98.97m | 0.039% ₹ 1.8b | |
| Non Executive Chairman | 28.17yrs | ₹24.70m | 0.067% ₹ 3.1b | |
| Independent Director | 13.17yrs | ₹5.00m | 0.0036% ₹ 169.7m | |
| Independent Director | 2.92yrs | ₹5.50m | no data | |
| Independent Director | 28.08yrs | ₹5.20m | no data | |
| Non-Executive Director of HDFC Standard Life Insurance | no data | ₹180.00k | no data | |
| Independent Director | 2.17yrs | ₹5.10m | 0.00055% ₹ 25.9m | |
| Independent Director | 2.5yrs | ₹5.20m | 0.0011% ₹ 52.2m | |
| Independent Director | 2.92yrs | ₹4.70m | no data |
12.2yrs
Average Tenure
65yo
Average Age
Experienced Board: 500010's board of directors are seasoned and experienced ( 12.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 500010 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
Top Shareholders
Company Information
Housing Development Finance Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Housing Development Finance Corporation Limited
- Ticker: 500010
- Exchange: BSE
- Founded: 1977
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: ₹4.701t
- Shares outstanding: 1.80b
- Website: https://www.hdfc.com
Number of Employees
Location
- Housing Development Finance Corporation Limited
- HDFC House
- H T Parekh Marg
- Mumbai
- Maharashtra
- 400020
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500010 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Nov 1993 |
| HDFC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Nov 1993 |
Biography
Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. It operates through Loans, Life Insurance, General Insurance, Asset Management, and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/02 12:10 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.