NSE: HDBFS | BSE: 544429

Weak Stock

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744.05 4.00 (0.54%)

1.4M NSE+BSE Volume

NSE 18 Nov, 2025 3:31 PM (IST)

61,723.9

Market Cap

High in industry

Beta 1Year

HDB Financial Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HDBFS, BSE:544429 HDB Financial Services Ltd.

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HDB Financial Services Ltd.

16 Oct 2025

744.05

0.54%

Journey from an imperfect present to a better future

Buy: HDB Financial Services Ltd.

Target

Emkay

HDBFS posted an overall weak Q2FY26, with AUM growth (13% YoY), asset quality (GS3 +25bps QoQ to 2.81%), and credit cost (2.7%) coming in worse than consensus’ and our estimates.

Number of FII/FPI investors decreased from 256 to 155 in Sep 2025 qtr

HDB Financial Services Ltd.

15 Oct 2025

744.05

0.54%

Weak quarter; guiding for recovery in 2H due to a pickup in retail

Neutral: HDB Financial Services Ltd.

Target

Motilal Oswal

HDB Finance (HDBFIN)’s 2QFY26 PAT declined ~2% YoY to INR5.8b (in line). PAT in 1HFY26 declined ~2% YoY, and we expect 2HFY26 PAT to grow ~45% YoY. NII in 2QFY26 grew ~20% YoY to ~INR21.9b (in line). Other income rose ~14% YoY to ~INR6.6b (in line).

Number of FII/FPI investors decreased from 256 to 155 in Sep 2025 qtr

HDB Financial Services Ltd.

22 Aug 2025

744.05

0.54%

Granular Strategy, Scalable Execution

Neutral: HDB Financial Services Ltd.

Motilal Oswal

HDB Financial Services (HDB) is the seventh-largest diversified, retail-focused NBFC in India with an AUM of ~INR1.1t as of Jun’25.

Number of FII/FPI investors decreased from 256 to 155 in Sep 2025 qtr

HDB Financial Services Ltd.

02 Jul 2025

744.05

0.54%

A play on enterprising Bharat; initiate with BUY

Buy: HDB Financial Services Ltd.

Emkay

We initiate coverage on HDB Financial Services (HDBFS) with BUY and Jun-26E TP of Rs 900 (+22% upside), on FY27E P/B of 3.0x. Our positive view is due to, HDBFS being a highly diversified (geographically and product-wise), extremely granular (top 20 accounts constitute ~0.34% of AUM), and large-scale lending franchise with over 19mn customers.

Number of FII/FPI investors decreased from 256 to 155 in Sep 2025 qtr

HDB Financial Services Ltd.

25 Jun 2025

744.05

0.54%

HDB Financial Services Ltd

IPO Subscribe: HDB Financial Services Ltd.

AUM Capital

HDB Financial Services Ltd (HDBFS) is a subsidiary of HDFC Bank Ltd. It is a non-banking financial corporation, provides a range of financial services in India. The company offers secured loans against long and short term investments, equities, bonds, ESOPs, commercial vehicles, property, gold, and jewellery; and unsecured loans, including business and personal loans. It also provides general insurance products, such as motor, health, critical illness, travel, home, and personal accident...

HDB Financial Servic.. has an average target of 835.00 from 6 brokers.

HDB Financial Services Ltd.

24 Jun 2025

744.05

0.54%

HDB FINANCIALSERVICES LIMITED

IPO Subscribe: HDB Financial Services Ltd.

Hem Securities

Company is the seventh largest leading, diversified retail-focused non-banking financial company (NBFC) in India in terms of the size of Total Gross Loan book at 902.2 billion as at March 31, 2024, amongst its NBFC peers. Company is categorized as an Upper Layer NBFC (NBFC-UL) by the RBI. It offer a large portfolio of lending products that cater to a growing and diverse customer base through a wide omni-channel distribution network. Company's lending products are offered through its...

Number of FII/FPI investors decreased from 256 to 155 in Sep 2025 qtr

HDB Financial Services Ltd.

24 Jun 2025

744.05

0.54%

HDB Financial Services: IPO Note

IPO Subscribe: HDB Financial Services Ltd.

IDBI Capital

HDB Financial Services is one of the leading diversified retail-focused NBFC with an AUM of Rs.1,073bn as of FY25. With a strong parentage of HDFC Bank, the non-bank lender primarily offers loans under 3 main verticals--Enterprise lending, Asset Finance and Consumer Finance. The company had 1,771 branches as of FY25, with over 80% of the branches outside India's 20 largest cities and over 70% are located in tier 4+ towns. Secured loans formed ~73% of the total gross loan portfolio of the company. The company primarily caters to underserved and underbanked customers in low to middle-income households...

HDB Financial Services Ltd. is trading below its 50 day SMA of 750.2

HDB Financial Services Ltd.

24 Jun 2025

744.05

0.54%

HDB FINANCIAL SERVICES LTD.