BSE:500010

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Housing Development Finance

Executive Summary

Housing Development Finance Corporation Limited provides housing finance to individuals and corporate customers in India. More Details


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

500010IndustryMarket
7 Day-2.3%-1.1%1.8%
30 Day7.9%10.8%10.9%
90 Day12.7%14.8%16.0%
1 Year18.2%16.9%19.9%18.6%38.3%35.8%
3 Year50.1%45.6%18.1%13.0%24.4%18.1%
5 Year136.5%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

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%).


Next Steps

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.


Next Steps

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%).


Next Steps

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).


Next Steps

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

NamePositionTenureCompensationOwnership
Keki Mistry
Vice Chairman & CEO21.17yrs₹154.19m0.045%
₹ 2.1b
Renu Karnad
MD & Executive Director21.17yrs₹138.76m0.14%
₹ 6.6b
Vedanthachari Rangan
CFO & Whole-time Executive Director11.17yrs₹98.97m0.039%
₹ 1.8b
Ajay Agarwal
Company Secretary & Compliance Officer6yrs₹6.06m0.0029%
₹ 134.9m
T. Ravishankar
General Manager of Accountsno datano datano data
Joseph Conrad D'Souza
Chief Investor Relations Officerno datano data0.068%
₹ 3.2b
Sudhir Jha
Head of Legalno datano data0.0019%
₹ 91.2m
Mahesh Shah
General Manager of Public Relationsno datano data0.0031%
₹ 146.7m
Praveen Bhalla
Senior General Manager of Human Resourcesno datano data0.0013%
₹ 61.6m
Sonal Modi
Senior GM & Regional Business Head of Maharashtrano datano data0.035%
₹ 1.6b
Nikhil Dwivedi
Senior GM & Regional Business Head of Gujaratno datano data0.024%
₹ 1.1b
R. Arivazhagan
Chief Information Technology Officerno datano data0.020%
₹ 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

NamePositionTenureCompensationOwnership
Keki Mistry
Vice Chairman & CEO21.17yrs₹154.19m0.045%
₹ 2.1b
Renu Karnad
MD & Executive Director21.17yrs₹138.76m0.14%
₹ 6.6b
Vedanthachari Rangan
CFO & Whole-time Executive Director11.17yrs₹98.97m0.039%
₹ 1.8b
Deepak Parekh
Non Executive Chairman28.17yrs₹24.70m0.067%
₹ 3.1b
Jamshed Irani
Independent Director13.17yrs₹5.00m0.0036%
₹ 169.7m
Jalaj Dani
Independent Director2.92yrs₹5.50mno data
Nasser Munjee
Independent Director28.08yrs₹5.20mno data
Ravi Narain
Non-Executive Director of HDFC Standard Life Insuranceno data₹180.00kno data
Ireena Vittal
Independent Director2.17yrs₹5.10m0.00055%
₹ 25.9m
Bhaskar Ghosh
Independent Director2.5yrs₹5.20m0.0011%
₹ 52.2m
Upendra Sinha
Independent Director2.92yrs₹4.70mno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500010BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 1993
HDFCNSEI (National Stock Exchange of India)YesEquity SharesININRNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/02 12:10
End of Day Share Price2021/03/02 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.