HDFC Securities Limited, an esteemed financial intermediary, stands as a subsidiary of HDFC Bank, a top-tier private sector bank in India. Rooted in Mumbai, this leading stock broking firm has an illustrious 20-year journey since its inception in 2000. Initially, HDFC Securities was the outcome of a joint venture encompassing HDFC Bank Limited, HDFC Limited, and Indocean eSecurities Holdings Limited.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1368 | 1975 | 1874 | 2660 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 233 | 257 | 275 | 384 |
| Other Expenses | 131 | 214 | 222 | 340 |
| EBITDA | 1004 | 1504 | 1377 | 1936 |
| OPM | 73.39 | 76.15 | 73.48 | 72.78 |
| Other Income | 31 | 15 | 17 | 0 |
| Finance Cost | 53 | 156 | 296 | 600 |
| D&A | 36 | 42 | 57 | 64 |
| EBIT | 968 | 1462 | 1320 | 1872 |
| EBIT Margins | 70.76 | 74.03 | 70.44 | 70.38 |
| PBT | 945 | 1320 | 1042 | 1271 |
| PBT Margins | 69.08 | 66.84 | 55.6 | 47.78 |
| Tax (2021) | 242 | 336 | 265 | 320 |
| PAT | 703 | 984 | 777 | 951 |
| NPM | 51.39 | 49.82 | 41.46 | 35.75 |
| EPS | 444.94 | 622.78 | 491.77 | 595.49 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 73.39 | 76.15 | 73.48 | 72.78 |
| Net Profit Margin | 51.39 | 49.82 | 41.46 | 35.75 |
| Earning Per Share (Diluted) | 444.94 | 622.78 | 491.77 | 595.49 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 60 | 76 | 80 | 62 |
| CWIP | 10 | 3 | 28 | 5.5 |
| Investments | 250 | 258 | 1227 | 1018 |
| Trade Receivables | 439 | 506 | 407 | 1286 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 4000 | 7079 | 6526 | 11731.5 |
| Total Assets | 4759 | 7922 | 8268 | 14103 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 15.8 | 15.8 | 15.8 | 15.97 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 1464 | 1642 | 1781 | 2013 |
| Borrowings | 2040 | 4619 | 4619 | 9532 |
| Trade Payables | 1040 | 1420 | 982 | 2174 |
| Other Liabilities | 199.2 | 225.2 | 870.2 | 368.03 |
| Total Liabilities | 4759 | 7922 | 8268 | 14103 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 945 | 1320 | 1042 | 1271 |
| OPBWC | 1049 | 1529 | 1367 | 1891 |
| Change in Receivables | -281 | -72 | 77 | -894 |
| Change in Inventories | 0 | 0 | 0 | 0 |
| Change in Payables | 387 | 381 | -439 | 1193 |
| Other Changes | -1845 | -2359 | -363 | -4618 |
| Working Capital Change | -1739 | -2050 | -725 | -4319 |
| Cash Generated From Operations | -690 | -521 | 642 | -2428 |
| Tax | -247 | -341 | -271 | -319 |
| Cash Flow From Operations | -937 | -862 | 371 | -2747 |
| Purchase of PPE | -59 | -73 | -80 | -160 |
| Sale of PPE | 0 | 0 | 0 | 74 |
| Cash Flow From Investment | -256 | -58 | -973 | 207 |
| Borrowing | 1340 | 2569 | 635 | 4278 |
| Divided | -501 | -864 | -697 | -812 |
| Equity | 12 | 31 | 35 | -14 |
| Others From Financing | -44 | -147 | -296 | -506 |
| Cash Flow from Financing | 807 | 1589 | -323 | 2946 |
| Net Cash Generated | -386 | 669 | -925 | 406 |
| Cash at the Start | 982 | 648 | 1318 | 392 |
| Cash at the End | 596 | 1317 | 393 | 798 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| HDFC Bank Limited | 96.34% | 95.96% | 95.57% | 95.13% |
| Others | 3.66% | 4.04% | 4.43% | 4.87% |
