ISIN
INE700G01014
Face Value
₹ 10
Total Share
1,59,74,600
Total Income
₹ 2,060.23 undefined
Profit After Tax
₹ 950.89 undefined
EPS
₹ 597.36
P/E
20.09
P/B
10.02
Market Capitalisation
₹ 19,169.52 Cr
Enterprise Value
₹ 27,981.7 Cr
Book Value
₹ 1,197.64
Intrinsic Value
₹ 10,914
Dividend Yield
4.25 %
Earnings Yield
4.98 %
Sector
Financials
Sub-sector
Stock Broking
Category
Small Cap
Cashflow - Operations
-₹ 2,746.97
Cashflow - Financing
₹ 2,945.94
Average Traded Price
₹11,403.54
1 Year
4 Year
9 Year
1 Year
4 Year
9 Year
2019
2020
2021
Revenue Degrowth:- Over the last five years, the company's revenue has grown at a compounded annual growth rate (CAGR) of 6.0%. In FY24, the company's revenue increased by 29.1%, from Rs 1,596 Cr in FY23 to Rs 2,060 Cr in FY24.
Decline in the Profitability:- Over the last 5 years the profit of the company grew at a CAGR of 25.6%. In FY24, the company recorded profitability growth of 22.3% from Rs 777 Cr in FY23 vs Rs 950.89 Cr in FY24.
Cash Rich Company:- Company is cash rich. In FY24, company had cash of Rs 798 Cr in its books
Quality Promoters:- Promoters of the company are very experienced and has been associated with the company for the past one decade
Backed by Legacy Brand Name:- HDFC Bank which is India's largest private bank owns 95.5% stake in HDFC Securities
Investment Thesis:-Discount brokers are growing leaps and bounds compared to conventional brokers and hence getting much better multiples compared to the service brokers. The classical examples are Angel One (P/E of 18.6x), 5Paisa Capital (P/E of 28.8x) the ICICI Securities (P/E of 14.6x). Now, HDFC Securities is currently trading at a P/E of 20.9x compared to the median industry P/E of 20.0x which makes it fairly valued.
Management
Accounting Practice
Profitability
Solvency
Growth
Valuation
Overall Ratings
Recommendation
Quantity
Invest
Min. Investment: ₹