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November 23, 2009 2:26 AM ET

Housing Development Finance Corp. Ltd. (HDFC:Bombay Stock Exchange)

Market Cap
17.3B
Total Revenue
40.1B
EBITDA
--
DILUTED EPS TTM
79.68
P/E
38.0x
P/S
--
Return On Asset
2.17
Return On Equity
17.34
K = Thousands  M = Millions  B = Billions

HDFC Details

Housing Development Finance Corporation Limited provides home loans, deposit products, property related services, and a training facility for individuals, corporate customers, and non resident Indians primarily in India. It offers home loans, home improvement loans, home extension loans, home conversion loans, home equity loans, short-term bridging loans, loans against the mortgage of the existing homes, land purchase loans, and loans to professionals for non residential premises. The company accepts fixed and variable rate deposits, such as monthly income plans, non-cumulative deposits, annual income plans, cumulative deposits, and senior citizens deposits; retail savings products primarily through agents; and trust deposits. Its training facility, Centre for Housing Finance, provides technical assistance in the field of institutional development to national governments and housing finance institutions in developing countries in the south Asian and African regions, as well as offers managerial training; and training for systems development and improvement to the housing finance institutions. In addition, the company, through partnerships with the financial institutions, provides specialized financial services. It offers property related services, such as property identification and sales service; and valuation of commercial and residential premises for corporate clients. Further, the company, through its subsidiaries, provides banking services; mutual funds; life, personal, commercial, accident and health, and rural insurance products; and financial management solutions to individuals encompassing home loans, life insurance, mutual funds, fixed deposits, and property solutions. Housing Development Finance Corporation was incorporated in 1977 and is headquartered in Mumbai, India.

1,490 Employees
Founded in 1977

HDFC Top Compensated Officers

Executive Chairman and Chief Executive Office...
Age: 64
Total Annual Compensation: 7.3M
Vice Chairman of the Board, Managing Director...
Age: 54
Total Annual Compensation: 6.5M
Joint Managing Director and Whole Time Direct...
Age: 56
Total Annual Compensation: 6.0M
Compensation as of Fiscal Year 2009.

Key developments for Housing Development Finance Corp. Ltd. (HDFC)

Housing Development Finance Corp. Ltd. Reports Earnings Results for the Second Quarter Ended September 30, 2009

Housing Development Finance Corp. Ltd. reported earnings results for the second quarter ended September 30, 2009. For the quarter, the company reported a rise of 24.28% in net profit after tax. During the quarter, the company reported a profit of INR 6,639.40 million as against INR 5,342.30 million for the same quarter of last year. In the same period, total income of the company was at INR 28,502.30 million, a rise of 8.76% as against INR 26,205.90 million over the prior year period.

Housing Development Finance Corp. Ltd., Board Meeting, Oct 12, 2009

Housing Development Finance Corp. Ltd., Board Meeting, Oct 12, 2009 Agenda: To consider and approve the un-audited financial results (standalone) for the second quarter and half year ended September 30, 2009.

HDFC Reportedly Plans To List HDFC Standard Life By Next Year

Dow Jones reported citing Keki M Mistry, Vice Chairman and Managing Director of HDFC that Housing Development Finance Corp. Ltd. (HDFC) plans to list HDFC Standard Life Insurance next year. “Next year, in the sense post-April 2010,” Keki M Mistry, Vice Chairman and Managing Director of HDFC told Dow Jones Newswires. Mistry added that the listing whether domestic or overseas will depend on whether the Indian government lifts the 26% cap on foreign ownership in local insurance companies. HDFC Standard Life Insurance Co., Ltd. is a joint venture between HDFC that Housing Development Finance Corp. and Standard Life (Mauritius Holding), a unit of Standard Life Plc.

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Industry Analysis

Valuation HDFC Industry Range
Price/Earnings 38.0x
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 37.4x
TEV/Sales -- Not Meaningful

HDFC

 | 

HDFC transactions

Type
Date
Target
Private Placement
July 24, 2009
Andhra Cements
Private Placement
June 9, 2009
--
View More HDFC Transactions...

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