HDB Financial Services share price
NSE: HDBFSBSE: 544429FinanceMid Cap
HDB Financial Services Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jul 2025 · Issue price ₹740
Last close ₹503.10down ₹1.20 (0.24%)BSE ₹503.30
Share price at the NSE close on 28 Oct 2026. Previous close ₹504.30.
28 Oct: open ₹504.30, high ₹505.95, low ₹501.30
52-week range of traded prices to 28 Oct 2026
₹494.15Low, 23 Oct 2026₹796.70High, 19 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹41,797 Cr182nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 14.12
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.89
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.80%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 14.3%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,56,01650.8% delivered
About HDB Financial Services
HDB Financial Services Limited is a non-banking finance company (NBFC), a lender that is not a bank, which does not take public deposits and serves individuals, emerging businesses and micro enterprises across India.12 It mainly serves underserved and underbanked customers in low to middle-income households with little or no credit history, through branches combined with digital channels.32
It lends through 3 business verticals: Enterprise Lending (loans to small and medium businesses), Asset Finance (loans for commercial vehicles, construction equipment and tractors) and Consumer Finance (loans for consumer durables, digital and lifestyle products, two-wheelers, cars and personal needs).43 It also distributes life and general insurance as a corporate insurance agent, and runs a business process outsourcing segment.5
It was established in 2007 as a subsidiary of HDFC Bank Limited and opened its first branch in Chennai.16 The Reserve Bank of India classifies it as an Upper Layer NBFC, the category for big non-bank lenders, which face stricter rules.1 It completed a ₹12,500 crore initial public offering, and its shares were listed on NSE and BSE in July 2025.78 HDFC Bank is its promoter, and the promoter group held 74.1% of its shares at the end of September 2026.910 The company has no subsidiaries.11
HDB Financial Services key points
Results
- Profit after tax for the quarter to Sep 2026 was ₹780 crore, against ₹581 crore a year earlier.12
- Net interest income (interest earned less interest paid) for the quarter was ₹2,534 crore, up 15.6% from a year earlier; the net interest margin (that income as a share of average earning assets) was 8.23%, against 7.95%.13
- In the year to Mar 2026, revenue from operations was ₹18,429.67 crore, against ₹16,300.28 crore a year earlier, and profit after tax was ₹2,543.83 crore, against ₹2,175.92 crore.14
- For the quarter, annualised return on assets (profit as a share of average assets) was 2.42% and return on equity (profit as a share of equity) 14.4%. The capital adequacy ratio (capital as a share of risk-weighted assets) was 21.37% on 30 Sep 2026.15
Business segments
- Revenue by reporting segment1617
Item year to Mar 2026 year to Mar 2025 Lending ₹17,205.76 crore ₹15,083.62 crore BPO services ₹1,223.91 crore ₹1,216.66 crore - The BPO services segment runs collection call centres for HDFC Bank's retail loans, from more than 700 locations through 18 call centres with about 5,000 agents.5
Loan book and deposits
- The gross loan book (all loans not yet repaid) was ₹1,24,469 crore at the end of September 2026, up 11.7% in a year; 74% was secured (backed by an asset the lender can seize). Quarterly disbursements (new loans paid out) were ₹18,522 crore, up 18.7%.18
- Gross loan book by vertical19
Item Sep 2026 Sep 2025 Enterprise Lending ₹46,832 crore ₹42,856 crore Asset Finance ₹45,565 crore ₹42,292 crore Consumer Finance ₹32,071 crore ₹26,261 crore - Largest products, share of gross loan book2021
Item Sep 2026 Commercial vehicle loans 24% Loans against property 22% Construction equipment loans 10% Auto loans 9% Business loans 9% - Gross non-performing assets (loans whose repayments have stopped) were 2.43% of the loan book at the end of September 2026, against 2.81% a year earlier, and provisions covered 55.00% of them.22
Branches and reach
- At the end of September 2026 it had 1,701 branches in 1,156 cities and towns across 31 states and union territories, more than 165,000 retailer and dealer touchpoints, and 24.8 million customers.2324
- More than 80% of its branches are outside India's 20 largest cities, and 71% are in Tier 4 and smaller towns.24
- In its annual report for the year to Mar 2026, the company said its HDB On-the-Go app had crossed 14.1 million downloads, against 9.2 million a year earlier, and that over 97% of its loans were originated digitally.25
Borrowings and ratings
- Borrowings by source, share of total2627
Item Sep 2026 Term loans and working capital demand loans 43.4% Non-convertible debentures (bonds that cannot be turned into shares) 28.5% External commercial borrowings (loans raised abroad) 12.1% Securitisation (loans sold to investors as securities) 5.7% Subordinated debt (repaid after other lenders) 5.0% Commercial paper (short-term notes) 3.9% Perpetual debt (bonds with no repayment date) 1.5% - Its cost of borrowing was 7.04% in the quarter to Sep 2026.2829
- In its presentation of 14 Oct 2026, the company stated ratings of AAA/Stable and A1+ from both CRISIL and CARE; its annual report gives AAA/Stable for long-term debt and bank facilities and A1+ for commercial paper.3031
What the company expects
- On its earnings call of 14 Oct 2026, the company said it aims to keep its net interest margin at 8.2% or more in the near term and at 8% or more in the long term.32
- On its earnings call of 14 Oct 2026, the company said it aims to deliver a return on assets of 2.5% or more a year in the short to medium term.33
- On its earnings call of 14 Oct 2026, the company said it aims to keep credit cost (the charge for expected loan losses, as a share of loans) at around 2.3% in the medium term.34
Recent events
Litigation and regulatory matters
- By an order dated 1 Oct 2025, the Reserve Bank of India imposed a monetary penalty of ₹4,20,000 on the company.36
Last updated
All 36 sources, each with its page
- 1. Annual report, 1 Jun 2026, page 12
- 2. Annual report, 1 Jun 2026, page 101
- 3. Annual report, 1 Jun 2026, page 162
- 4. Investor presentation, 14 Oct 2026, page 5
- 5. Annual report, 1 Jun 2026, page 102
- 6. Annual report, 1 Jun 2026, page 15
- 7. Annual report, 1 Jun 2026, page 24
- 8. Annual report, 1 Jun 2026, page 153
- 9. Investor presentation, 14 Oct 2026, page 39
- 10. Annual report, 1 Jun 2026, page 25
- 11. Annual report, 1 Jun 2026, page 151
- 12. Investor presentation, 14 Oct 2026, page 13
- 13. Earnings call, 14 Oct 2026, page 5
- 14. Annual report, 1 Jun 2026, page 105
- 15. Investor presentation, 14 Oct 2026, page 14
- 16. Annual report, 1 Jun 2026, page 105
- 17. Annual report, 1 Jun 2026, page 106
- 18. Investor presentation, 14 Oct 2026, page 12
- 19. Investor presentation, 14 Oct 2026, page 32
- 20. Investor presentation, 14 Oct 2026, page 18
- 21. Investor presentation, 14 Oct 2026, page 18
- 22. Investor presentation, 14 Oct 2026, page 13
- 23. Investor presentation, 14 Oct 2026, page 11
- 24. Investor presentation, 14 Oct 2026, page 20
- 25. Annual report, 1 Jun 2026, page 26
- 26. Investor presentation, 14 Oct 2026, page 36
- 27. Investor presentation, 14 Oct 2026, page 36
- 28. Earnings call, 14 Oct 2026, page 6
- 29. Earnings call, 14 Oct 2026, page 11
- 30. Investor presentation, 14 Oct 2026, page 36
- 31. Annual report, 1 Jun 2026, page 13
- 32. Earnings call, 14 Oct 2026, page 6
- 33. Earnings call, 14 Oct 2026, page 9
- 34. Earnings call, 14 Oct 2026, page 11
- 35. Annual report, 1 Jun 2026, page 58
- 36. Annual report, 1 Jun 2026, page 151
Results
Standalone; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.HDB Financial Services quarterly results
Quarter to Sep 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,005 Crup 1.37%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹780 Crdown 0.64%
Income from operations by quarter
Peak income from operations ₹5,005 Cr, quarter to Sep 2026; lowest ₹4,465 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Income from operations | 4,465 | 4,545 | 4,673 | 4,745 | 4,938 | 5,005 |
| Net profit | 568 | 581 | 644 | 751 | 785 | 780 |
Standalone. The 6 quarters from Jun 2025, the first on record. The latest is shaded.
Year to Mar 2026
- Income from operations
- ₹18,430 Cr
- Net profit
- ₹2,544 Cr
| ₹ crore | Mar 2026 |
|---|---|
| Income from operations | 18,430 |
| Net profit | 2,544 |
Standalone. Years to March.
Business segments
Share of revenue, year to Mar 2026, standalone.Segment revenue and profit
- Lending BusinessLending Business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹17,206 Cr93.4%
- BPO ServicesBPO Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,224 Cr6.6%
Valuation
Today, against the company's own history.HDB Financial Services PE ratio and valuation
Price to book
At or below today's level on 1% of 247 trading days over the last year.
LowestHighest
Its median2.79Industry median1.08
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 99.6% of 247 trading days over the last year.
LowestHighest
Its median0.30%Industry median0.76%
Mutual fund holdings
105 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 59 of the 74 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 105 funds holding HDB Financial Services
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 41
- CutCut. Funds that held fewer shares than at the end of the month before.
- 33
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 28
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 1,56,27,053 | 1.46% | ₹970.9 Cr |
 Mirae Asset Large & Midcap FundMirae Asset Mutual Fund | 1,34,81,190 | 1.96% | ₹837.6 Cr |
| Mirae Asset Midcap FundMirae Asset Mutual Fund | 1,05,72,895 | 3.36% | ₹656.9 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 70,50,000 | 0.87% | ₹438.0 Cr |
 SBI Midcap FundSBI Mutual Fund | 70,00,000 | 1.87% | ₹434.9 Cr |
 ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 37,65,603 | 0.28% | ₹234.0 Cr |
| ICICI Prudential Banking and Financial Services FundICICI Prudential Mutual Fund | 28,73,887 | 1.66% | ₹178.6 Cr |
 Franklin India Mid Cap FundFranklin Templeton Mutual Fund | 27,08,439 | 1.38% | ₹168.3 Cr |
| SBI Banking & Financial Services FundSBI Mutual Fund | 16,77,681 | 1.00% | ₹104.2 Cr |
| Mirae Asset Multicap FundMirae Asset Mutual Fund | 16,48,492 | 1.90% | ₹102.4 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.HDB Financial Services insider trading
Bought on the marketBought on the market. The value each filer stated for its purchases on the exchange, added up; gifts, transfers and pledges are not counted. A purchase filed with no value is counted under the sum, not in it. Sold on the marketSold on the market. The value each filer stated for its sales on the exchange, added up; gifts, transfers and pledges are not counted. A sale filed with no value is counted under the sum, not in it.
- Employees0 purchases, 2 salesNo purchase₹0.18 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹0.18 Cr
- Others0 purchases, 10 salesNo purchase₹5.33 CrNet−₹5.33 Cr8 pledge filings of unclear kind
- Promoters and promoter group: no market trade · 45 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
HDB Financial Services competitors and peers
Non Banking Financial Company (NBFC), 279 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to HDB Financial Services in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 SBI Cards and Payment ServicesSBICARD | 50,204 | 19.25 | 2.92 | +5.8% | +36.0% | 16.3% | – | 3.29% | 11.24% | 0.47% |
 Sundaram FinanceSUNDARMFIN | 43,599 | 19.64 | 2.93 | +13.7% | +15.6% | 15.8% | – | 2.56% | 4.60% | 1.02% |
 Piramal FinancePIRAMALFIN | 42,683 | 22.48 | 1.38 | – | – | 6.5% | – | – | – | 0.61% |
 Authum Investment & InfrastructureAIIL | 41,956 | 20.03 | 2.85 | −34.5% | −48.8% | 14.2% | 13.3% | – | – | 0.00% |
 Mahindra & Mahindra Financial ServicesM&MFIN | 36,562 | 10.16 | 1.33 | +14.9% | +45.8% | 13.8% | – | 1.89% | 6.76% | 2.85% |
 Poonawalla FincorpPOONAWALLA | 35,510 | 32.65 | 2.58 | +75.1% | +399.2% | 9.2% | – | 1.14% | 7.30% | 0.00% |
 Manappuram FinanceMANAPPURAM | 27,123 | 18.71 | 1.69 | +4.8% | +81.2% | 10.2% | – | 1.60% | 10.13% | 0.87% |
 IIFL FinanceIIFL | 22,758 | 9.13 | 1.47 | +35.4% | +190.5% | 17.6% | – | 2.32% | 8.82% | 0.75% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Dividends
Per share, by the year it was paid for, and the latest payments.HDB Financial Services dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹4.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 23 Oct 2026 | Interim | ₹2.00 |
| 18 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 24 Oct 2025 | Interim | ₹2.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.HDB Financial Services announcements
Oct 2026
26 Oct · Meeting
22 Oct · Management
22 Oct · Disclosure
14 Oct · Business
HDB Financial Services share price by year
Each calendar year to 2025.HDB Financial Services share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 765.55 | – | 864.00 | 711.90 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 2 Jul 2025.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 502.00 | 505.30 | 498.80 | 504.30 | 503.01 | 1,77,995 | 48.9% |
| 26 Oct 2026 | 504.85 | 505.50 | 494.35 | 500.25 | 499.02 | 31,86,426 | 79.1% |
| 23 Oct 2026 | 514.70 | 514.70 | 494.15 | 504.85 | 502.49 | 8,52,053 | 48.7% |
| 22 Oct 2026 | 507.10 | 515.40 | 502.15 | 510.05 | 509.76 | 9,67,392 | 56.2% |
| 21 Oct 2026 | 511.10 | 513.40 | 502.05 | 512.25 | 508.08 | 11,06,827 | 49.1% |
| 19 Oct 2026 | 514.55 | 517.85 | 504.10 | 509.05 | 510.02 | 16,55,913 | 43.5% |
| 16 Oct 2026 | 539.10 | 540.95 | 507.00 | 512.60 | 515.68 | 62,98,368 | 60.5% |
| 15 Oct 2026 | 572.00 | 573.65 | 536.70 | 539.10 | 547.47 | 65,73,951 | 43.4% |
| 14 Oct 2026 | 610.00 | 611.00 | 581.50 | 583.75 | 590.23 | 10,95,073 | 56.8% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- HDBFS
- BSE code
- 544429
- ISIN
- INE756I01012
- Industry
- Finance
- Website
- www.hdbfs.com
- CIN
- L65993GJ2007PLC051028
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2007
- Registered office
- Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad 380009, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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