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HDFC SECURITIES LIMITED

  • www.hdfcsec.com
  • Sector: Capital Market
  • CHRYSEUM SCORE: 6.00/10.00
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    HDFC SECURITIES LIMITED

    • Sector: Capital Market
    • CHRYSEUM SCORE: 6.00/10.00

    Description: HDFC Securities Limited is engaged in a single line of business as a provider of broking services to its clients in capital market. As a brokerage house, its activities includes different types of services including agency transactions, subscription based services and distribution of financial products.

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/E of Company

    16.07

    AVG P/E of Key Peer/s

    14.97

    Valuation Score

    1.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed/unlisted peers. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    24.81%

    PAT Growth

    10.58%

    ROE

    46.86%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and PAT on a 3 year CAGR basis and the Company’s ROE as per the latest financial year results released by the company.

    Leverage

    Max Score: 1.50

    Debt / Equity

    4.70

    AVG Industry Debt / Equity

    1.40

    Leverage Score

    0.00

    Lower the Debt/Equity, higher the score.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹9600.00 0.00 (0.00%)

As on 18 Apr, 2025
L 9600.00 52 Week Range H 11500.00
Company Description : It is one of the leading stock brokerage companies in India and is a subsidiary of HDFC Bank Limited
Company Overview
  • Name of Company HDFC SECURITIES LIMITED
  • Sector Capital Market
  • ISIN INE700G01014
  • Scrip Code HDFC SECURITIES
  • CIN U67120MH2000PLC152193
  • Pan No AAACH8215R
  • Face Value 10
  • Price ₹ 9600.00
  • No. of Shares outstanding 1.59 Cr.
  • Market Cap ₹ 15,279.94 Cr
Financials
  • Revenue from operations ₹ 2,660.12 Cr.
  • EBITDA ₹ 1,935.85 Cr.
  • EBITDA Margin % 72.77%
  • Profit After Tax ₹ 950.89 Cr.
  • PAT Margin % 35.74%
  • EPS 597.42
  • Stock P/E 16.07
  • Book Value Per Share 1,274.92
  • P/B 7.53
  • Debt/Equity 4.70
Other Key Statistics
  • 52 week High/Low 11500.00/9600.00
  • Dividend Per Share 510.00
  • Dividend Yield 5.31%
  • Sales Growth - 3 years 24.81%
  • EBITDA Growth - 3 years 23.21%
  • PAT Growth - 3 years 10.58%
  • EPS Growth - 3 years 10.18%
  • ROE 46.86%
  • ROCE 24.08%
  • Cash Equivalents 5375.85
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name HDFC Securities Angel One
Listing Status Unlisted Listed
Brokerage & Fee Income 1,602.06 3,479.19
Total Revenue from Operations 2,660.12 4,271.68
Total Income 2,660.73 4,279.79
Finance Costs 600.50 135.95
Depreciation & Amortization 63.92 49.93
Total Expenses 1,389.30 2,766.06
EBITDA 1,935.85 1,699.61
PAT 950.89 1,125.53
No. of Shares Outstanding 1.59 9.03
EPS (in ₹) 597.42 124.65
Equity Share Capital 15.97 84.01
Total Net Worth 2,029.24 3,038.61
Total Assets 14,103.07 13,253.73
Total Debt 9,532.51 2,402.28
Key Metrics:
CMP* 9,600.00 2,356.20
Market Cap (In Cr.) 15,279.94 21,276.49
Market Cap/Sales 5.74 4.97
EPS (Earnings Per Share) 597.42 124.65
BVPS (Book Value Per Share) 1,274.92 336.52
P/E 16.07 18.90
P/BV 7.53 7.00
EBITDA Margin 72.77% 39.79%
ROE 46.86% 37.04%
ROA 6.74% 8.49%
*Market Price in ₹ as on 18 Apr, 2025

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 2,660.12 1,891.27 1,975.57 1,368.16 857.47
Y-o-Y Revenue Growth 40.65% -4.27% 44.40% 59.56% 11.28%
Other Income 0.61 0.36 14.74 31.27 4.79
Total Income 2,660.73 1,891.63 1,990.31 1,399.43 862.26
Total Expenses (Excludes Interest and Depreciation) 724.88 496.40 471.36 364.47 294.11
Operating Profit (After deducting Depreciation) 1,871.32 1,337.42 1,461.91 967.40 533.00
OPM % 70.35 70.72 74.00 70.71 62.16
EBITDA 1,935.85 1,395.23 1,518.95 1,034.96 568.15
Depreciation 63.92 57.45 42.30 36.29 30.36
EBIT 1,871.93 1,337.78 1,476.65 998.67 537.79
Interest 600.50 295.88 156.34 53.07 28.78
EBT before Exceptional Items 1,271.43 1,041.90 1,320.31 945.60 509.01
Prior period/Exceptional /Extra Ordinary Items 0.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 1,271.43 1,041.90 1,320.31 945.60 509.01
Tax 320.54 264.68 335.97 242.39 124.86
Net Profit 950.89 777.22 984.34 703.21 384.15
EPS in Rs 597.42 488.98 623.21 446.64 245.86
EPS Change % 22.18% -21.54% 39.53% 81.66% 15.97%
EBITDA Change % 38.75% -8.15% 46.76% 82.16% 10.54%
Profit growth 22.35% -21.04% 39.98% 83.06% 16.47%
ROCE 24.08% 68.71% 81.64% 61.81% 43.10%
ROE 46.86% 43.25% 59.37% 47.50% 30.79%
Debt / Equity Ratio 4.70 2.92 2.79 1.38 0.55
Sales growth 3Years 24.81%
Sales growth 5Years 28.12%
Dividend per share 510.00 440.00

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 15.97 15.89 15.83 15.77 15.73
Reserves 2,013.27 1,781.25 1,642.08 1,464.54 1,231.87
Total shareholders' funds 2,029.24 1,797.14 1,657.91 1,480.31 1,247.60
Borrowings 9,532.51 5,254.10 4,619.14 2,040.43 690.91
Other Liabilities 212.07 124.50 107.48 110.83 108.33
Total Liabilities 12,073.83 6,479.40 6,264.63 3,278.60 1,522.94
Fixed Assets 141.82 149.06 151.28 127.24 103.36
Capital WIP 0.45 1.12 3.19 4.94 7.35
Investments 1,005.33 1,213.61 243.77 235.95 28.62
Other Assets 139.73 71.21 104.94 75.83 245.99
Total Assets 14,103.07 8,276.54 7,922.54 4,758.91 2,770.54
Cash Equivalents 5,375.85 3,591.90 3,598.83 2,178.35 1,967.95
Total Current liability 6,329.47 6,329.47 6,113.87 3,143.11 1,522.89
Total Assets -Total Current liabilty 7,773.60 1,947.07 1,808.67 1,615.80 1,247.65

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity -2,746.97 369.65 -861.84 -937.12 143.21
Net Cash from / (used in) Investing Activity 207.04 -973.39 -57.84 -254.77 327.56
Net Cash from / (used in) Financing Activity 2,945.94 -322.06 1,589.05 807.84 316.45
Net Inc/Dec In Cash And Cash Equivalents 406.01 -925.81 669.37 -384.06 787.22

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 1.51 95.13%
Non Promoters 0.08 4.87%

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