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5000

Housing Development FinanceBSE:500010 Stock Report

Last Price

₹2.70k

Market Cap

₹4.9t

7D

1.6%

1Y

5.3%

Updated

17 Jan, 2022

Data

Company Financials +
500010 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends3/6

500010 Stock Overview

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

Housing Development Finance Competitors

Aavas Financiers

NSEI:AAVAS

₹224.6b

LIC Housing Finance

NSEI:LICHSGFIN

₹214.2b

Aptus Value Housing Finance India

BSE:543335

₹180.8b

Indiabulls Housing Finance

BSE:535789

₹101.7b

Price History & Performance

Summary of all time highs, changes and price drops for Housing Development Finance
Historical stock prices
Current Share Price₹2,702.30
52 Week High₹3,021.10
52 Week Low₹2,354.10
Beta0.92
1 Month Change3.25%
3 Month Change-4.23%
1 Year Change5.30%
3 Year Change34.89%
5 Year Change114.68%
Change since IPO11,159.58%

Recent News & Updates

Shareholder Returns

500010IN MortgageIN Market
7D1.6%1.7%1.8%
1Y5.3%8.2%38.6%

Return vs Industry: 500010 matched the Indian Mortgage industry which returned 5.6% over the past year.

Return vs Market: 500010 underperformed the Indian Market which returned 36.2% over the past year.

Price Volatility

Is 500010's price volatile compared to industry and market?
500010 volatility
500010 Average Weekly Movement3.3%
Mortgage Industry Average Movement5.4%
Market Average Movement6.7%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 500010 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 500010's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19773,226Keki Mistryhttps://www.hdfc.com

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 Others segments. The company accepts fixed deposits, such as monthly income plans, non-cumulative interest plans, annual income plans, and cumulative options; and trust deposits.

Housing Development Finance Fundamentals Summary

How do Housing Development Finance's earnings and revenue compare to its market cap?
500010 fundamental statistics
Market Cap₹4.89t
Earnings (TTM)₹208.26b
Revenue (TTM)₹1.15t

23.5x

P/E Ratio

3.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500010 income statement (TTM)
Revenue₹1.15t
Cost of Revenue₹506.80m
Gross Profit₹1.15t
Expenses₹943.37b
Earnings₹208.26b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 02, 2022

Earnings per share (EPS)115.00
Gross Margin99.96%
Net Profit Margin18.08%
Debt/Equity Ratio179.3%

How did 500010 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Housing Development Finance undervalued compared to its fair value and its price relative to the market?

23.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500010 (₹2702.3) is trading above our estimate of fair value (₹904.88)

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 (23.5x) compared to the Indian Mortgage industry average (17.3x).

PE vs Market: 500010's PE Ratio (23.5x) is in line with the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: 500010 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 500010 is overvalued based on its PB Ratio (3x) compared to the IN Mortgage industry average (1.5x).


Future Growth

How is Housing Development Finance forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500010's forecast earnings growth (17.9% per year) is above the savings rate (6.7%).

Earnings vs Market: 500010's earnings (17.9% per year) are forecast to grow slower than the Indian market (20.6% per year).

High Growth Earnings: 500010's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500010's revenue (20.9% per year) is forecast to grow faster than the Indian market (12.7% per year).

High Growth Revenue: 500010's revenue (20.9% per year) is forecast to grow faster 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 (14.2%).


Past Performance

How has Housing Development Finance performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500010 has high quality earnings.

Growing Profit Margin: 500010's current net profit margins (18.1%) are lower than last year (22.3%).


Past Earnings Growth Analysis

Earnings Trend: 500010's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: 500010's earnings growth over the past year (28.8%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: 500010 earnings growth over the past year (28.8%) exceeded the Mortgage industry 20.3%.


Return on Equity

High ROE: 500010's Return on Equity (13%) is considered low.


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 (119%).

Low Risk Liabilities: 77% 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 (58%).

Low Risk Deposits: 500010's Loans to Deposits ratio (319%) is high.

Level of Bad Loans: 500010 has a high level of bad loans (2%).


Dividend

What is Housing Development Finance current dividend yield, its reliability and sustainability?

0.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500010's dividend (0.85%) is higher than the bottom 25% of dividend payers in the Indian market (0.3%).

High Dividend: 500010's dividend (0.85%) is low compared to the top 25% of dividend payers in the Indian market (1.34%).


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 (19.9%), 500010's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average board tenure


CEO

Keki Mistry (67 yo)

22yrs

Tenure

₹170,223,240

Compensation

Mr. Keki Minoo Mistry, C.P.A., serves as Director at Flipkart Online Services Pvt. Ltd. since 2021.Mr. Mistry serves as Non-Executive Director of HDFC Asset Management Company Ltd. Mr. Mistry has been the...


CEO Compensation Analysis

Compensation vs Market: Keki's total compensation ($USD2.30M) is above average for companies of similar size in the Indian market ($USD1.25M).

Compensation vs Earnings: Keki's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 500010's board of directors are considered experienced (3.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Housing Development Finance Corporation Limited's 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
  • Implied Market Cap: ₹4.894t
  • Shares outstanding: 1.81b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:14
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.