HDB Financial Services Ltd has become one of the most reliable Indian non-banking financial services that have been supported by the legacy of HDFC Bank. HDB is known to have a customer first strategy, innovative loan products and extensive branch network that makes it a preferred choice by millions of individuals as well as small businesses. As the company is steadily growing, well managed and has good future opportunities, it has attracted the interest of the investors and other financial pundits that seek long term returns. In this article we will discuss HDB Financial Services share price & recent trends.
Company Overview
HDB Financial Services Ltd (HDBfSL) is an Indian based non-banking financial company (NBFC), established in the year 2007 and a subsidiary of HDFC Bank Ltd. The company offers various financial solutions that include personal loan, business loan, vehicle finance and gold loan as well as BPO services including collections and customer service. It has established itself as one of the most credible names in the retail lending business of India with more than 1,700 branches in 1,100 plus cities in India.
Company officials
- Ramesh Ganesan- Managing Director and Chief Executive Officer.
- Arijit Basu- Non-Executive Chairman and Director-Independent.
- Jaykumar Pravinchandra Shah Chief financial officer.
- Dipti Jayesh Khandelwal- Compliance Officer/Company Secretary.
- Dr. Amla Samanta -Independent director.
| Particulars | Details |
| Company Name | HDB Financial Services Ltd |
| Incorporated Year | 2007 |
| Parent Company | HDFC Bank Ltd |
| Headquarters | Mumbai, Maharashtra, India |
| Type | Non-Banking Financial Company (NBFC) |
| Branches | 1,771 branches across 1,170 cities |
| Market Cap | ₹59,787 Crores |
| Current Price (as of 6 Nov 2025) | ₹721 |
| High / Low (52 weeks) | ₹892 / ₹719 |
| Stock P/E | 27.8 |
| Book Value | ₹233 |
| Dividend Yield | 0.28% |
| ROCE | 9.79% |
| ROE | 14.7% |
| Face Value | ₹10 |
HDB Financial Services Business Overview
The HDB Financial Services has three major verticals of operation:
- Enterprise Lending – Lends small and medium business lending to satisfy their working capital and expansions requirements.
- Asset Finance- Provides loans of vehicles, equipment financing and other secured loans.
- Consumer Finance -Specializes in personal loans, consumer durable loans and gold loans.
- Besides lending, HDB also offers Business Process Outsourcing (BPO) to HDFC Bank. These are back-office operations, customer support and collections.
The company also acts as a corporate agent for HDFC Life and HDFC Ergo, distributing insurance products to its customers.
HDB Financial Services Share Price Overview
The last trading price of the HDB Financial Services share as of 6 November 2025 was 721 per share with a downward movement of 1.48 percent compared to the previous trade. The stock has reported a 52-week price movement of 719 to 892 which indicates moderately high volatility and investor hesitation due to fluctuation in the market of NBFCs.
The market capitalization of the company is 59,787 Crores at the present and it ranks among the leading mid-cap NBFCs in India.
| Share Price Data | Details |
| Current Price (Nov 2025) | ₹721 |
| 1-Day Change | -1.48% |
| 52-Week High | ₹892 |
| 52-Week Low | ₹719 |
| Market Cap | ₹59,787 Crores |
| P/E Ratio | 27.8 |
| Book Value | ₹233 |
| Price to Book Value | 3.09x |
| Dividend Yield | 0.28% |
| Face Value | ₹10 |
Recent Share Price Trend
HDB financial services stock has been trading near to annual low of about 720 indicating that it might find itself in a value range to the long-term investors. The stock price has recorded slight fluctuations within the last six months which have been more or less caused by the liquidity trends of NBFCs, credit growth rates and the overall performance of the financial sector.
Although HDB share price is slated to fall in the short run, analysts believe that HDB share price is underpinned by good financial results and HDFC Bank support. The stock price to earnings (P/E) ratio of 27.8x shows that the stock is relatively fairly valued in comparison to other leading NBFCs such as Bajaj Finance and Cholamandalam Investment which trades at a higher ratio.
HDB Share Price Movement (Last 1 Year)
| Time Period | Price Movement | Performance |
| 1 Month | ₹738 → ₹721 | -2.3% |
| 6 Months | ₹802 → ₹721 | -10.1% |
| 1 Year | ₹865 → ₹721 | -16.6% |
| 3 Years | ₹610 → ₹721 | +18.1% |
| 5 Years | ₹495 → ₹721 | +45.6% |
The 1-year performance has been negative but the 5-year performance has been positive with an increase in the long term and an investor trust in the business model of the company.
HDB Financial Services Price Market Position and Strength
HDBfSL is considered to be among the biggest NBFCs in India in terms of the number of branches and its clientele. The fact that it is associated with HDFC bank offers it good credibility, reduced cost of borrowing and good capital support.
Key Strengths:
- Diversified and large loan portfolio
- Good parental support by HDFC Bank
- Large coverage in Tier-2 and Tier-3 cities
- Regular increase in operating profits
- Effective risk and asset quality management system.
HDB Financial Services Price Financial Performance Overview
Quarterly Results (Standalone Figures in ₹ Crores)
| Quarter | Sales | Expenses | Operating Profit | OPM % | Interest | PBT | Net Profit | EPS (₹) |
| Jun 2024 | 3,884 | 1,560 | 2,324 | 60% | 1,496 | 784 | 582 | 7.33 |
| Sep 2024 | 4,007 | 1,561 | 2,446 | 61% | 1,598 | 799 | 591 | 7.44 |
| Dec 2024 | 4,144 | 1,809 | 2,334 | 56% | 1,645 | 641 | 472 | 5.95 |
| Mar 2025 | 4,266 | 1,858 | 2,408 | 56% | 1,650 | 704 | 531 | 6.67 |
| Jun 2025 | 4,465 | 1,942 | 2,524 | 57% | 1,740 | 732 | 568 | 6.84 |
| Sep 2025 | 4,545 | 2,017 | 2,529 | 56% | 1,694 | 782 | 581 | 7.01 |
Highlights:
- Growth in quarterly revenue and profit.
- Operating profit margin (OPM) was held at more than 55.
- EPS is stable at ₹7 in the last few quarters.
HDB Financial Services Profit & Loss Statement (₹ Crores)
| Year | Sales | Operating Profit | OPM % | Interest | PBT | Net Profit | EPS (₹) | Dividend Payout % |
| Mar 2021 | 10,945 | 4,493 | 41% | 3,883 | 501 | 391 | 4.96 | 0% |
| Mar 2022 | 11,312 | 4,772 | 42% | 3,326 | 1,348 | 1,011 | 12.80 | 8% |
| Mar 2023 | 12,403 | 6,250 | 50% | 3,512 | 2,627 | 1,959 | 24.76 | 8% |
| Mar 2024 | 14,173 | 8,356 | 59% | 4,907 | 3,305 | 2,461 | 31.03 | 10% |
| Mar 2025 | 16,300 | 9,555 | 59% | 6,433 | 2,928 | 2,176 | 27.34 | 11% |
Observation:
The sales increased 13-15 percent CAGR over the past 5 years; however, the growth in net profits was almost three times, which is indicative of better efficiency and cost control.
HDB Financial Services Balance Sheet Highlights (₹ Crores)
| Year | Total Assets | Borrowings | Reserves | Equity Capital | ROE (%) |
| Mar 2021 | 62,641 | 50,359 | 7,657 | 789 | – |
| Mar 2022 | 62,026 | 48,973 | 8,749 | 790 | 8% |
| Mar 2023 | 70,050 | 54,865 | 10,646 | 791 | 10% |
| Mar 2024 | 92,557 | 74,331 | 12,950 | 793 | 11% |
| Mar 2025 | 108,663 | 87,398 | 15,024 | 796 | 10% |
| Sep 2025 | 114,774 | 90,541 | 18,509 | 830 | – |
Insight:
Loan portfolio growth has led to an increase in borrowings and the increase in reserves has been even higher indicating financial strength and good retained earnings.
HDB Financial Services Price Cash Flow Summary (₹ Crores)
| Year | Cash from Operations | Cash from Investing | Cash from Financing | Net Cash Flow |
| Mar 2021 | -342 | 131 | 608 | 398 |
| Mar 2022 | 1,987 | -703 | -1,500 | -216 |
| Mar 2023 | -6,851 | 973 | 5,796 | -81 |
| Mar 2024 | -16,736 | -2,146 | 19,134 | 252 |
| Mar 2025 | -13,626 | 1,159 | 12,770 | 303 |
The operating cash flow of HDB is negative because it is characterized by aggressive lending of funds, which characterizes NBFCs. Financing inflows stabilize however, liquidity.
HDB Financial Services Price Ratio Analysis
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| ROCE (%) | – | 8 | 10 | 11 | 10 |
| Debtor Days | 4 | 5 | 2 | 3 | 5 |
| Working Capital Days | -114 | -94 | -99 | -108 | -107 |
| OPM (%) | 41 | 42 | 50 | 59 | 59 |
| ROE (%) | – | 8 | 10 | 11 | 10 |
HDB Financial Services Price Peer Comparison
| S.No | Company | CMP (₹) | P/E | Market Cap (₹ Cr) | Dividend Yield (%) | Net Profit (₹ Cr) | Sales (₹ Cr) | ROCE (%) |
| 1 | Bajaj Finance | 1041.9 | 37.21 | 648,320 | 0.42 | 4,765 | 19,523 | 11.35 |
| 2 | Shriram Finance | 792.5 | 17.02 | 149,078 | 1.25 | 2,314 | 11,912 | 10.95 |
| 3 | Cholamandalam Investment | 1683.4 | 30.57 | 142,019 | 0.12 | 1,159 | 7,491 | 10.34 |
| 4 | Tata Capital | 326.45 | 37.66 | 138,574 | 0.00 | 1,118 | 7,737 | 9.58 |
| 5 | Muthoot Finance | 3183.8 | 20.77 | 127,820 | 0.82 | 1,974 | 6,450 | 13.19 |
| 6 | SBI Cards | 870.2 | 43.17 | 82,804 | 0.29 | 445 | 4,961 | 10.40 |
| 7 | L&T Finance | 275.2 | 25.51 | 68,849 | 1.00 | 735 | 4,336 | 8.71 |
| 8 | HDB Financial Services | 720.7 | 27.78 | 59,787 | 0.28 | 581 | 4,545 | 9.79 |
Inference:
HDB financial services is ranked mid-range in terms of valuation and profitability with leading NBFCs such as Bajaj finance and Shriram finance. Its ROCE and ROE are steady, which means that its performance is balanced and it can be grown in future.
HDB Financial Services Shareholding Pattern (as of Sep 2025)
| Category | Shareholding (%) |
| Promoters | 74.19 |
| FIIs | 3.17 |
| DIIs | 10.93 |
| Public | 11.48 |
| Others | 0.23 |
HDB Financial Services has a high promoter share of 74.19 which demonstrates the parent confidence and low ownership volatility.
Pros and Cons
Pros
- With the support of HDFC Bank, guaranteeing trust and finances
- Vast network of branches in India
- Variety in the range of financial products
- Stability in profits and effective cost control
- The increasing reserves and equity strength
Cons
- Exchanged at 3.09 times its book value, a little over-valued relative to other companies.
- Moderate debt pressure indicated by low interest coverage ratio.
- Minor reduction in increase in profits (TTM -12%).
- The NBFCs are subjected to regulatory risk and credit cycle risk.
Growth and Future Outlook
HDB Financial Services is supposed to take advantage of the increasing demand of retail credit in India, especially in semi-urban and rural regions. The digital transformation and customer-centric loan products will make the company efficient and scalable.
Future Growth Drivers:
- Growing online lending and artificially intelligent credit scoring
- Cross-selling with HDFC bank
- Improved concentration on collateralized lending (car and gold loans)
- Enhancing quality in assets after the pandemic recovery
Conclusion
HDB Financial Services Ltd is a robust and reputable NBFC in the financial ecosystem in India. It has stable revenues, good parentage, and a growing business; hence, it is still appealing to investors. Nevertheless, the investors must consider that it is moderately valued and monitor the future trend of profitability.
FAQs
HDB Financial Services Ltd is a non-banking financial company (NBFC) focused on retail lending and BPO services.
It is a subsidiary of HDFC Bank Ltd, one of India’s leading private sector banks.
Its three main verticals are Enterprise Lending, Asset Finance, and Consumer Finance.
As of November 2025, its market cap is ₹59,787 Crores.
The company reported a Return on Equity (ROE) of 14.7% in the latest fiscal year.
