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Company Overview
Introduction: HDFC Securities Limited, a subsidiary of HDFC Bank, was established in 2000 through a joint venture involving HDFC Bank Limited, HDFC Limited, and Indocean eSecurities Holdings Limited. Headquartered in Mumbai, it has become a leading stock broking firm in India.
Evolution and Expansion: Over the years, HDFC Bank has increased its stake in HDFC Securities, acquiring HDFC Ltd’s stake in 2006 and an additional 4% from Indocean Securities in 2008. This consolidation strengthened its ties within the HDFC Group.
Scope of Services: HDFC Securities offers comprehensive stock broking services and distributes various financial products. It operates as the stockbroking and distribution arm of the HDFC Group, affiliated with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Branch Network and Digital Presence: As of March 2020, HDFC Securities had 262 branches across 161 Indian cities. Emphasizing digital accessibility, the company has invested significantly in online trading platforms to cater to its customer base.
| Year | Total Income (in Crores) | PAT (in Crores) | Dividend Per Share (in Rs.) |
|---|---|---|---|
| 2016 | 402 | 202 | 20 |
| 2017 | 553 | 329 | 60 |
| 2018 | 788 | 524 | 110 |
| 2019 | 771 | 495 | 110 |
| 2020 | 862 | 509 | 135 |
| 2021 | 1368 | 703 | 318 |
| 2022 | 1990 | 984 | 547 |
Fundamentals
Promoters & Managements
| Name | Designation |
|---|---|
| Neeraj Swaroop | Chairman |
| Dhiraj Relli | MD, CEO |
Profit & Loss
| Financials | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 1990 | 1891 | 2660 |
| Cost of Material Consumed | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 |
| Employee Benefit Expenses | 257 | 275 | 384 |
| Other Expenses | 214 | 222 | 340 |
| EBITDA | 1504 | 1377 | 1936 |
| OPM (%) | 76.15 | 73.48 | 72.78 |
| Other Income | 15 | 17 | 0 |
| Finance Cost | 156 | 296 | 600 |
| D&A | 42 | 57 | 64 |
| EBIT | 1462 | 1320 | 1872 |
| EBIT Margins (%) | 74.03 | 70.44 | 70.38 |
| PBT | 1320 | 1042 | 1271 |
| PBT Margins (%) | 66.84 | 55.6 | 47.78 |
| Tax | 336 | 265 | 320 |
| PAT | 984 | 777 | 951 |
| NPM (%) | 49.82 | 41.46 | 35.75 |
| EPS (Diluted) | 622.78 | 491.77 | 595.49 |
Financial Ratios
| Financial Ratios | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Profit Margin (%) | 76.15 | 73.48 | 72.78 |
| Net Profit Margin (%) | 49.82 | 41.46 | 35.75 |
| Earning Per Share (Diluted) | 622.78 | 491.77 | 595.49 |
Assets
| Assets | 2022 | 2023 | 2024 |
|---|---|---|---|
| Fixed Assets | 76 | 80 | 62 |
| CWIP | 3 | 28 | 5.5 |
| Investments | 258 | 1227 | 1018 |
| Trade Receivables | 506 | 407 | 1286 |
| Inventory | 0 | 0 | 0 |
| Other Assets | 7079 | 6526 | 11731.5 |
| Total Assets | 7922 | 8268 | 14103 |
Liabilities
| Liabilities | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 15.8 | 15.8 | 15.97 |
| FV | 10 | 10 | 10 |
| Reserves | 1642 | 1781 | 2013 |
| Borrowings | 4619 | 4619 | 9532 |
| Trade Payables | 1420 | 982 | 2174 |
| Other Liabilities | 225.2 | 870.2 | 368.03 |
| Total Liabilities | 7922 | 8268 | 14103 |
Cash Flow Statement
| Cash-Flow Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| PBT | 1320 | 1042 | 1271 |
| OPBWC | 1529 | 1367 | 1891 |
| Change in Receivables | -72 | 77 | -894 |
| Change in Inventories | 0 | 0 | 0 |
| Change in Payables | 381 | -439 | 1193 |
| Other Changes | -2359 | -363 | -4618 |
| Working Capital Change | -2050 | -725 | -4319 |
| Cash Generated From Operations | -521 | 642 | -2428 |
| Tax | -341 | -271 | -319 |
| Cash Flow From Operations | -862 | 371 | -2747 |
| Purchase of PPE | -73 | -80 | -160 |
| Sale of PPE | 0 | 0 | 74 |
| Cash Flow From Investment | -58 | -973 | 207 |
| Borrowing | 2569 | 635 | 4278 |
| Dividends | -864 | -697 | -812 |
| Equity | 31 | 35 | -14 |
| Others From Financing | -147 | -296 | -506 |
| Cash Flow from Financing | 1589 | -323 | 2946 |
| Net Cash Generated | 669 | -925 | 406 |
| Cash at the Start | 648 | 1318 | 392 |
| Cash at the End | 1317 | 393 | 798 |
Share Holding Pattern
NA
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the HDFC Securities shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your HDFC Securities shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the HDFC Securities shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your HDFC Securities shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for HDFC Securities Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from HDFC Securities most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of HDFC Securities Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted HDFC Securities shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
