NSE: HDBFS | BSE: 544429

Mid-range Performer

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683.10 -1.95 (-0.28%)

505.6K NSE+BSE Volume

NSE 08 Sep, 2026 3:31 PM (IST)

56,749.6

Market Cap

High in industry

Beta 1Year

Average volatility

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.

28 Aug 2026

683.10

-0.28%

Ready for the next leg

Neutral: HDB Financial Services Ltd.

Target

Motilal Oswal

HDB Financial Services (HDBFS) has entered FY27 on a stronger footing after nearly two years of portfolio recalibration. Improving disbursement momentum, resilient profitability, and healthier asset quality suggest that the company is moving beyond the stabilization phase.

Motilal Oswal decreased Neutral price target of HDB Financial Services Ltd. to 760.0 on 28 Aug, 2026.

HDB Financial Services Ltd.

26 Aug 2026

683.10

-0.28%

Credit demand holds strong; unsecured BL/PL staging a gradual comeback

Buy: HDB Financial Services Ltd.

ICICI Securities Limited

We visited HDBFS’ credit branches in Varanasi, Uttar Pradesh (UP), which represents 14% of its total AUM, as on Jun’26. Our visit delves into HDBFS’ market positioning in one of the fastest-growing states in its portfolio, and how the company has been weathering geopolitical uncertainties, fuel price hike and El-Nino.

HDB Financial Services Ltd. is trading below all available SMAs

HDB Financial Services Ltd.

16 Jul 2026

683.10

-0.28%

Earnings momentum holds despite headwinds; disbursement growth accelerates

Buy: HDB Financial Services Ltd.

ICICI Securities Limited

HDBFS sustained its improving earnings trajectory, despite sector-level headwinds, including elevated interest rates and geopolitical challenges, with steady RoE expansion to ~15% in Q1FY27 vs. 13.2% in Q1FY26.

HDB Financial Services Ltd. is trading below all available SMAs

HDB Financial Services Ltd.

15 Jul 2026

683.10

-0.28%

Steady quarter; growth recovery remains the key monitorable

Neutral: HDB Financial Services Ltd.

Target

Motilal Oswal

HDB Financial Services (HDBFIN)’s 1QFY27 PAT rose 38% YoY to ~INR7.85b (~5% beat). NII grew 20% YOY to ~INR25.1b (in line). Other income stood at ~INR6.8b (up 7% YoY).

Number of FII/FPI investors decreased from 151 to 145 in Jun 2026 qtr

HDB Financial Services Ltd.

09 Mar 2026

683.10

-0.28%

Diversified retail NBFC with proven execution track-record; proxy to India’s growth story

Buy: HDB Financial Services Ltd.

ICICI Securities Limited

HDB Financial Services (HDBFS) – a blue-chip heritage paired with a formidable low-cost borrowing moat. The combination bestows an inherent advantage upon the company to command sustainable, scalable and high-margin growth.

Number of FII/FPI investors decreased from 151 to 145 in Jun 2026 qtr

HDB Financial Services Ltd.

15 Jan 2026

683.10

-0.28%

Loan growth remains muted; asset quality stable

Neutral: HDB Financial Services Ltd.

Target

Motilal Oswal

HDB Financial Services’ (HDBFIN) 3QFY26 PAT rose 36% YoY/11% QoQ to ~INR6.4b (in line). Adjusted for the one-time provisioning on the new labor codes, PAT stood at INR6.8b and rose ~44% YoY.

HDB Financial Servic.. has an average target of 836.67 from 3 brokers.

HDB Financial Services Ltd.

14 Nov 2025

683.10

-0.28%

Poised for an improved 2H with receding asset-quality headwinds

Neutral: HDB Financial Services Ltd.

Target

Motilal Oswal

Over the past year, HDB Financial (HDB) has navigated a phase of consolidation, reflected in subdued disbursement momentum, modest AUM growth, and emerging asset-quality pressure across a few of its key product segments.

HDB Financial Servic.. has an average target of 836.67 from 3 brokers.

HDB Financial Services Ltd.

16 Oct 2025

683.10

-0.28%

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.

Motilal Oswal decreased Neutral price target of HDB Financial Services Ltd. to 760.0 on 28 Aug, 2026.

HDB Financial Services Ltd.

15 Oct 2025

683.10

-0.28%

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).

HDB Financial Servic.. has an average target of 836.67 from 3 brokers.

HDB Financial Services Ltd.

22 Aug 2025

683.10

-0.28%

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.

Motilal Oswal decreased Neutral price target of HDB Financial Services Ltd. to 760.0 on 28 Aug, 2026.