HDFC Securities Limited Unlisted Shares

(i) HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank a private sector bank in India. It is one of the leading stock broking companies in India and has completed 20 years of operation. HDFC securities were founded in the year 2000 and are headquartered in Mumbai with branches across major cities and towns in India.

HDFC securities began operations in April 2000. In the beginning, it was a joint venture between HDFC Bank Limited, HDFC Limited, and Indocean eSecurities Holdings Limited.

(ii) Along with offering stock broking services, HDFC securities is also a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd’s stake and in 2008 acquired another 4% from Indocean securities. Currently, HDFC security is a subsidiary of HDFC Bank.

(iii) HDFC Securities Ltd is a stockbroking and distribution arm of the HDFC Group. One of the oldest broking houses in India, its operations include Stock Broking and Distribution of various financial products. It is a corporate member of both the  BSE and the NSE. HDFC securities is well known with professional traders for its comprehensive online trading portal offerings.

(iv) The Company had 262 branches across 161 cities in the country as on 31 March 2020 and also has multiple digital platforms to enable its customers
to have easy access to its products.

Last 5 Years Performance of HDFC Securities (Fig. in Crores)

Promoters And Management:

(i) Mr. Bharat D Shah - Mr. Shah is the Chairman of HDFC Securities Limited, 3M India Limited, and Exide Industries Limited. He has been with HDFC Bank since its inception and has played a key role in the formation of the bank. He joined HDFC Bank as an Executive Director in December 1994. He holds a Bachelor’s Degree in Science from the University of Mumbai and a Diploma in Applied Chemistry from Borough Polytechnic, London. (ii) Mr. Dhiraj Relli - Mr. Relli has been a member of the HDFC family since 2008. He has served as Senior Executive Vice President and Head of Branch Banking at HDFC Bank, where his span of control extended across 800+ branches in different geographies. Prior to this, he worked as Country Head - Branch Banking with Centurion Bank of Punjab. He was appointed CEO of HDFC Securities in 2015. Mr. Relli is a Chartered Accountant and has also completed an Advanced Management Program from the prestigious Indian Institute of Management, Bengaluru.

Shareholding Pattern:

HDFC Bank holds 96.34% equity shares in the company.

Financials of HDFC Securities Limited Unlisted Shares:

(Fig. in Crores)

Year	Revenue	PAT	OPM	NPM	EPS
2016	401	133	53%	33%	86
2017	553	215	62%	39%	139
2018	788	344	68%	44%	222
2019	782	329	66%	42%	210
2020	862	384	51%	45%	246
2021	1368	703	70%	52%	446

UnlistedZone Review (FY20-21): 1. HDFC Securities brokerage income has reached to 1140 Crores in FY20-21 as compared to 687 Crores last year. And the overall revenue has gone up from 857 to 1368 Crores. 2. HDFC Securities has shown a 83% growth in PAT in FY20-21 as compared to last year. 3. This year HDFC Securities has clocked a n EPS of 444 per share. The Current valuation( at Rs. 9500), so it is available at P/E of 20x. HDFC Securities Limited Q1FY22 Results

Particulars (In Crores)	Quarter Ending			Year Ended
	Jun-21	Mar-21	Jun-20	Mar-21
Income
Operating Revenue	452	418	273	1,368
Other Income	3	23	3	31
Total Income	456	441	275	1,399
Expenditure
Impairment on Financial Instruments	3	5	2	7
Employee Costs	48	57	54	234
Other Expenses	35	31	26	124
Operating Profit	366	325	191	1,003
OPM	80.97%	77.75%	69.96%	73.32%
Finance Cost	25	19	10	53
Depreciation	11	9	9	36
Total Expenditure	121	123	100	454
Profit Before Tax	334	318	175	946
Tax Expenses	83	73	45	242
Profit After Tax	251	245	130	703
NPM	55.53%	58.61%	47.62%	51.39%
EPS	159.26	155.19	82.47	446.64

HDFC Securities Q1FY22 Results HDFC Securities Annual Report 2021 HDFC Securities Annual Report 2020 HDFC Securities Annual Report 2019 Graphical Representation of Financials of HDFC Securities Limited Unlisted Shares.  

Company Address:

Building B - Alpha, Kanjurmarg (East), Mumbai 400 042, Tel No. : 022-30753400 Fax No.: 022-30753435, Website: www.hdfcsec.com