I would like to buy 300 quantity if it's available for 900rs
IPO file on 5th Nov 2024
HDB Financial FY23-24 Growth Highlights
1) Advance Growth HDB Financial has witnessed a robust growth with advances soaring from INR 66,383 Cr in Fy23 to a staggering INR 86,721 Cr in Fy24. That's a leap of 30%.
2) Net Interest Income (NII) Surge A key performance indicator, the NII, saw an impressive increase from INR 5416 Cr in Fy23 to INR 6293 Cr in Fy24. This marks a notable growth of 16%.
3) Net Interest Margin (NIM) on the Rise In the financial world, NIM is a critical metric. HDB Financial's NIM stood at healthy 8.22% in FY24.
4) Earnings and Valuation Metrics Earnings Per Share (EPS) for FY24 stands strong at 31, and the P/E ratio is at an attractive 38x. ROE continues to impress at 17.91%.
5) Strong Book Value & Market Cap HDB Financial's book value is quoted at 173, with P/B standing at 6.9, indicating the higher side of valuation. The market cap has soared to ₹94,000 Cr.
6) Reduction in Gross NPAs HDB Financial's Gross NPAs reduced from 2.70% in Fy23 to 1.90% in Fy24.
7) International Interest from MUFG Japan Bank MUFG Japan Bank shows confidence in HDB Financial by looking to purchase a 20% stake at an ₹ 80000 Cr valuation. A significant endorsement for HDB Financial's unlisted shares.