Housing Development Finance Corporation Limited, Fundamental analysis

Housing Development Finance Corporation Limited - Technical chart

consolidated in Rs/Cr.

Industry Industry name	Finance
Variance Full Year Net Profit Variance	16
Equity Latest Equity	370.29
Face Value Latest Face Value	2
Reserves Total Reserve	201283.03
Dividend Full Year Dividend %	2200
Sales Turnover Full Year Net Sales	164163.38
Net Profit Full Year Net Profit	26160.91
Full Year CPS Full Year Cash Per Share	144.5
Earning Per Share Full Year Earning Per Share	141.3
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2023
Latest Quarter Sales Latest Quarter Net Sales	47632.79
Previous EPS Previous earnings per share	0
Book Value Book value	1089.2
Networth Full Year Return on Networth	14.53
Price/Book Value Price to Book value	2.506427
Yearly PE ratio Full Year Price to Earning per share	19.3
Yearly PC ratio Full Year Price to Cash Per Share	18.9
Bse value BSE Value in lakhs	11995.65
Nse value NSE Value in lakhs	1156744.07
High 52 week high	2926
Low 52 week low	2203
Price NSE Current market price	2724
CPM Current market price	2730

Market cap BSE / NSE Market Cap	505430.17
Net profit Latest Quarter Net Profit	7623.58
Net profit variance Latest Quarter Net Profit variance	18
Result year Trailing latest month	Mar 1, 2023
TTM Sales Trailing Twelve 12 month Net Sales	143535.9
TTM OP Trailing Twelve 12 month Operating Profit	0
TTM OPM Trailing Twelve 12 month Operating Profit Margin	0
TTM GP Trailing Twelve 12 month Gross Profit	32727.35
TTM GPM Trailing Twelve 12 month Gross Profit Margin	19.94
TTM NP Trailing Twelve 12 month Net Profit	24157.59
TTM NPV Trailing Twelve 12 month Net Profit Variane	15.78
TTM EPS Trailing Twelve 12 month EPS	141.3
TTM PE Trailing Twelve 12 month PE	19.32
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	542.4
Equity Latest Equity	370.29
LTP Latest Price (BSE/NSE)	2730
Gross block Latest Gross Block	14841.05
Loans Total loans	228924.23
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	42.4
Year GPM Full Year Gross Profit Margin	19.9
Quarter OPM Latest quater Operation Profit Margin	41.8

Quarterly Results (consolidated, figures in Rs Cr.)

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
+ Sales	30,991	38,591	31,298	35,047	23,183	43,917	41,206	44,634
YOY Sales Growth %	3%	13%	-20%	-2%	-25%	14%	32%	27%
Gross Sales	30,991	38,591	31,298	35,047	23,183	43,917	41,206	44,634
+ Expenses	19,875	27,228	19,562	22,373	10,997	29,749	26,127	27,719
Manufacturing Cost %	49%	1%	59%	61%	1%	65%	61%	60%
Employee Cost %	2%	1%	2%	1%	2%	1%	1%	1%
Other Cost %	13%	68%	2%	1%	44%	1%	1%	1%
Other Manufacturing Expenses %	49%	1%	59%	61%	1%	65%	61%	60%
Selling & Administration %	11%	67%	0%	0%	41%	0%	0%	0%
Provisions & Contingencies %	2%	1%	2%	1%	2%	1%	1%	1%
Operating Profit	11,115	11,362	11,735	12,673	12,187	14,168	15,080	16,915
OPM %	36%	29%	37%	36%	53%	32%	37%	38%
+ Other Income	1,891	2,189	2,470	2,461	2,195	2,965	3,064	2,999
Miscellaneous Income	1,891	2,189	2,470	2,461	2,195	2,965	3,064	2,999
Interest	6,624	6,684	6,995	6,925	7,688	8,762	9,932	10,464
Depreciation	87	88	90	153	150	150	152	146
Profit before tax	6,295	6,779	7,121	8,056	6,544	8,221	8,061	9,305
+ Tax %	16%	16%	13%	14%	15%	14%	12%	14%
Current Tax	1,031	1,161	938	1,178	1,260	1,111	931	1,051
Deferred Tax	-47	-52	14	-14	-290	67	51	248
+ Net Profit	5,311	5,670	6,169	6,892	5,574	7,043	7,078	8,005
Minority Interest (After Tax)	-270	-412	-332	-434	-265	-489	-403	-381
Net Profit After Minority Interest	5,041	5,258	5,837	6,459	5,309	6,553	6,675	7,624
EPS in Rs	27.93	29.11	32.27	35.66	29.26	36.06	36.59	41.67

Profit & Loss (consolidated, figures in Rs Cr.)

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
+ Sales	48,316	53,223	61,034	79,474	95,694	101,726	139,034	135,926	152,940
Sales Growth %		10%	15%	30%	20%	6%	37%	-2%	13%
Gross Sales		51,366	57,912	65,249	95,898	101,678	139,034	135,926	152,940
Other Operating Income		1,857	3,123	3,869	0	0	0	0	0
+ Expenses	19,516	21,228	26,377	44,627	51,821	48,983	92,319	89,040	94,591
Manufacturing Cost %	0%	0%	0%	0%	47%	40%	62%	62%	59%
Employee Cost %	1%	1%	1%	4%	3%	1%	1%	2%	1%
Other Cost %	39%	38%	42%	51%	4%	7%	3%	2%	2%
Power & Fuel %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Manufacturing Expenses %	0%	0%	0%	0%	47%	40%	62%	62%	59%
Selling & Administration %	1%	1%	1%	3%	3%	0%	0%	0%	0%
Miscellaneous Expenses %	38%	37%	41%	49%	2%	6%	2%	2%	1%
Provisions & Contingencies %		1%	1%	1%	1%	6%	2%	2%	1%
Operating Profit	28,799	31,995	34,657	34,847	43,872	52,743	46,715	46,886	58,349
OPM %	60%	60%	57%	44%	46%	52%	34%	34%	38%
+ Other Income	74	34	53	6,282	7,891	5,816	6,959	9,012	11,223
Miscellaneous Income		34	53	3,478	7,687	5,864	6,959	9,012	11,223
Exceptional Income		0	0	3,454	0	0	0	0	0
Interest	18,710	20,296	21,953	24,718	29,525	32,109	29,081	27,230	36,845
Depreciation	47	121	108	116	141	256	355	419	597
Profit before tax		11,613	12,650	17,594	22,099	26,193	24,237	28,252	32,131
+ Tax %		31%	32%	18%	20%	13%	15%	15%	14%
Current Tax	2,884	3,479	3,505	3,769	4,370	3,416	3,938	4,309	4,354
Deferred Tax	282	160	516	-673	148	-49	-188	-99	77
+ Net Profit		10,718	11,848	13,592	17,581	22,826	20,488	24,042	27,700
Profit Growth %			8%	58%	29%	30%	-10%	17%	15%
Extraordinary Income / Expense		0	0	3,454	0	0	0	0	0
Exceptional Item		0	0	3,454	0	0	0	0	0
Profit / Loss of Associates	2,294	2,745	3,219	0	0	0	0	0	0
Minority Interest (After Tax)	-483	-528	-797	-1,131	-1,349	-1,392	-1,747	-1,447	-1,539
Net Profit After Minority Interest	8,763	10,190	11,051	11,980	16,232	21,435	18,740	22,595	26,161
EPS in Rs	40.84	46.47	54.32	78.23	102.13	131.79	113.57	132.61	150.99

Balance Sheet (consolidated, figures in Rs Cr.)

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	315	316	318	335	344	346	361	363	367
Reserves	44,757	50,585	59,742	91,538	111,389	126,133	156,352	179,491	201,108
+ Borrowings	217,357	249,418	293,795	336,416	386,755	425,368	447,011	507,460	582,265
Secured Borrowings	110,935	132,198	142,547	165,624	211,516	236,549	248,241	297,964	353,341
Unsecured Borrowings	106,422	117,220	151,247	170,793	175,239	188,819	198,770	209,495	228,924
+ Other Liabilities	-124,453	-148,060	-159,840	-237,877	-260,012	-267,527	-265,441	-285,003	-317,097
Current Liabilities	25,808	30,573	37,423	135,331	156,142	170,611	216,726	266,259	293,951
Provisions	4,196	4,593	2,852	429	540	632	841	899	1,044
Minority Interest	1,820	2,326	3,473	4,994	6,245	7,357	8,905	12,777	13,838
Policy Holders Fund	54,924	61,215	74,256	0	0	0	0	0	0
Equity Share Warrants	0	51	51	50	0	0	307	307	307
Other liability items	4,544	4,408	6,340	837	0	0	0	0	0
Total Liabilities	137,976	152,258	194,014	190,413	238,476	284,320	338,282	402,310	466,643
+ Fixed Assets	1,470	1,568	1,909	2,349	2,310	5,476	5,312	12,745	12,621
Gross Block	2,477	2,921	3,505	2,477	2,576	6,152	6,386	14,416	14,841
Accumulated Depreciation	1,006	1,353	1,596	128	266	676	1,074	1,671	2,220
CWIP	9	19	54	23	24	59	47	39	99
Investments	93,782	104,721	132,855	172,218	210,704	243,248	302,481	352,484	408,072
+ Other Assets	42,714	45,951	59,196	15,822	25,437	35,537	30,442	37,042	45,851
Trade receivables	458	467	1,482	245	612	336	242	369	337
Cash Equivalents	4,262	6,397	7,497	3,129	4,537	5,502	3,035	2,629	3,463
Loans n Advances	32,062	36,009	42,679	13,937	20,324	29,698	27,289	34,163	42,386
Other asset items	5,932	3,077	7,538	-1,489	-36	1	-125	-119	-334
Total Assets	137,976	152,258	194,014	190,413	238,476	284,320	338,282	402,310	466,643

Cash Flow (consolidated, figures in Rs Cr.)

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
+ Cash from Operating Activity	-9,118	-19,710	-14,173	-57,928	-44,301	-26,801	-27,276	-44,028	-47,328
Profit from Operations	19,132	10,271	20,391	-3,412	-2,370	2,542	1,949	1,239	1,105
Working Capital Changes	-219	-1,537	4,146	-5,807	-3,005	-830	706	1,675	-1,205
Profit Before Tax & Extraordinary Items	11,928	13,830	15,072	16,207	22,099	26,193	24,237	28,252	32,131
Depreciation	131	197	179	147	175	256	355	419	597
Interest (Net)	-8,405	-9,369	-10,599	-14,853	-16,815	-13,352	-16,432	-18,717	-21,282
Dividend Received	-41	-50	-42	-465	0	0	0	0	0
Profit / Loss on Sale of Assets	-28	-7	-8	0	0	0	0	0	20
Profit / Loss on Sale of Investments	-511	-1,617	-1,177	-393	-1,086	-10,956	2	-71	-5
Provisions & Write-offs (Net)	198	938	1,168	2,143	1,166	5,951	3,031	2,043	1,794
Profit / Loss in Forex	-16	55	35	0	0	0	0	0	0
Interest Paid (Net)	8,163	9,442	11,824	16,546	18,412	13,478	14,307	19,085	21,520
Direct Taxes Paid	-3,228	-3,653	-4,225	-4,554	-3,485	-3,968	-3,177	-4,301	-4,964
+ Cash from Investing Activity	-18,552	-9,309	-27,236	-7,954	-10,316	-9,874	-6,958	-19,887	-21,524
Purchase of Fixed Assets	-619	-148	-281	-248	-212	-356	-159	-2,134	-315
Sale of Fixed Assets	58	11	63	38	32	4	6	4	36
Purchase of Investments	-17,994	-9,175	-26,578	-34	-17	-296	-92	-18,092	-21,279
Sale of Investments	0	0	0	381	127	65	57	335	35
Investment in Subsidiaries	0	0	0	-192	-121	-1,496	0	0	0
Investment in Group Companies	0	0	0	0	-8,570	-87	0	0	0
Others	3	4	-440	-7,900	-1,555	-9,347	-6,771	0	0
+ Cash from Financing Activity	24,820	29,111	43,127	63,344	54,986	38,690	31,665	63,541	69,321
Proceeds from Issue of Shares	729	434	732	14,386	6,581	1,590	11,916	4,350	3,540
Proceeds from Issue of Debentures	0	0	0	0	174,755	105,073	106,429	105,493	176,532
Proceeds from Other Long-Term Borrowings	64,672	70,432	175,767	0	48,746	17,651	127	36,691	24,220
Proceeds from Deposits	27,136	7,496	2,390	0	0	25,233	18,143	10,789	0
Redemption of Debentures	0	0	0	0	-173,104	-110,140	-102,625	-92,434	-117,037
Repayment of Long-Term Borrowings	-65,098	-46,364	-133,498	0	0	0	0	0	0
Repayment of Financial Liabilities	0	0	0	0	0	-84	-45	-70	-188
Dividend Paid	-2,506	-2,520	-2,686	-2,957	-3,407	-3,023	-3,643	-4,153	-5,443
Others	-113	-368	421	51,915	1,415	2,391	1,364	2,875	-12,303
Net Cash Flow	-2,850	92	1,718	-2,538	369	2,015	-2,570	-374	469