HDB Financial Services share price today

HDB Financial Services Ltd's share price was ₹534.75 at the close on 6 November 2026. It has been falling for 8 weeks. That is 19.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹499 and ₹773, and at that close it sat 13% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today HDB Financial Services Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 11 weeks running.

Over the last 1 year the share price moved −37% while the NIFTY 500 moved −7%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue up on a year earlier for 7 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹5,005 crore, +10.1% on a year earlier.

   Why: Revenue rose because the company lent more to businesses and against gold, with home-backed and gold loans growing fast.

   Next results: check whether Q4 lending shows the pickup management expects.

   From the earnings call on 14 Oct 2026.

3. Profit up on a year earlier for 4 quarters in a row

   In the September 2026 quarter profit was ₹780 crore, +34.3% on a year earlier.

   Why: Profit rose faster than revenue because automation and simpler workflows made the lending business cheaper to run.

   Next results: check whether spending on AI keeps costs from ballooning.

   From the earnings call on 14 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), HDB Financial Services reported total income of ₹5,005 crore, up 10.1% from ₹4,545 crore a year earlier, and a profit of ₹780 crore, up 34.3% from ₹581 crore.

HDB Financial Services results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

HDB Financial Services' management discussed these results on a call held on 14 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

HDB Financial Services closed at ₹534.75 on 6 November 2026, down 24.9% from ₹711.90 a year earlier (7 November 2025). Its highest weekly close since July 2025 was ₹845.65 on 11 July 2025.

HDB Financial Services share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

74 weekly closes from 4 July 2025 to 6 November 2026.

6 Nov 2026: HDB Financial Services closed at ₹534.75, up 7.3% on the week and down 9.2% on the month. 23 Oct 2026: ex-date for an interim dividend of ₹2 a share.

Earlier

• 14 Oct 2026: HDB Financial Services held its results call for July to September 2026. Management guided: Near-term NIM at 8.2%+ over the next couple of quarters; long-term objective 8%+.
• Results for July to September 2026: Total income up 10.1% and profit up 34.3% on a year earlier.
• 18 Jun 2026: ex-date for a dividend of ₹2 a share.

HDB Financial Services paid ₹4 a share in regular dividends in the 12 months to 7 November 2026 (2 payments), a yield of 0.75% at the ₹534.75 close on 6 November 2026. The last was an interim dividend of ₹2 a share, ex-date 23 October 2026.

HDB Financial Services dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. HDB Financial Services Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 8 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 14 October 2026, HDB Financial Services' management guided: Near-term NIM at 8.2%+ over the next couple of quarters; long-term objective 8%+.

“Um, fundamentally NIM is something which we will work heavily towards holding it in a very, very narrow range from where we are today, at least for the near term over the next couple of quarters.”Jaykumar Shah, CFO, on the call for July to September 2026

What management guided

• Annualized ROA of 2.5% in the short-to-medium term.
• Medium-term annualized credit cost of 2.3% +/-.
• FY28 growth direction of 17-18%, with Q4 expected to signal a turn.
• Enterprise lending momentum from LAP, gold and unsecured business loans expected to continue.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 14 October 2026.

When HDB Financial Services reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: CV/CE Stage 2 and Gross Stage 3 - check whether the seasonal easing appears in the next asset-quality disclosure.

HDB Financial Services is on 2 of our India lists: 52 week high & low and Small & mid cap stocks.

HDB Financial Services Ltd earned ₹780 Cr of net profit in the Sep 2026 quarter, +34.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹2,544 Cr. Over 8 years profit has grown 13.4% a year on average. That is 15.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹581 Cr.

For the full year, FY26 profit was ₹2,544 Cr (+16.9% on the year before).

Why profit moved: revenue changed +10.1% on a year earlier and the margin moved +2.8 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +37.6% and revenue +11.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

HDB Financial Services Ltd reported ₹5,005 Cr of income in the Sep 2026 quarter, +10.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 8 years it has grown 12.8% a year on average. The last full year, FY26, came in at ₹18,431 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

The last four reported quarters add to ₹19,362 Cr.

FY26 revenue was ₹18,431 Cr, +13.1% on the year before.

Recent pace: the last four quarters grew +11.2% on average, against 12.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.1%, against +19.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +37.5%, against +9.6% a year (accelerating).

HDB Financial Services Ltd's net margin was 15.6% in the Sep 2026 quarter, 2.8 percentage points higher than the same quarter a year ago. Across 8 years it has been between 3.6% and 17.4%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

HDB Financial Services Ltd's gross NPA, the share of loans that have stopped being repaid, is 2.44% in Mar 2026, up from 2.26% a year ago. After the money already set aside for bad loans, 1.09% is left (net NPA). That is the 2nd quarter in a row of improvement.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Across the 8 quarters on file it has been between 1.90% and 2.81%. Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Mar 2026, gross NPA was 2.44% and net NPA 1.09%, against 2.26% and 0.99% a year ago.

The bad-loan figures stop at Mar 2026, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated.

In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

HDB Financial Services Ltd's revenue was ₹18,431 Cr in FY26, +13.1% on the year before, so the loan book is growing. The latest quarter was +10.1% on a year earlier. The net margin on that income is 15.6%, +2.8 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

HDB Financial Services Ltd's P/BV is 2.0×, about the lowest it has ever been. Its usual P/BV (the middle reading) is 2.9×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is where it is: over the past year book value grew while the price moved −24.9%. Price and book value moved together, so the multiple stayed in its range.

In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple.

HDB Financial Services Ltd's business is turning around. Profit growth has swung from −12.7% at its low to +37.5%, improving for 4 quarters in a row, with ROE steady at 13.4%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

HDB Financial Services Ltd earned a return on equity of 14% in FY26. Its lowest yearly reading on file was 5% in FY21. On its assets, every ₹100 earned about ₹2.41, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together.

Two numbers rate a bank: ROE, what it earns on shareholders’ money, and ROA, what it earns on all its assets. An ROE above about 13 to 15% is healthy; below that, net worth grows slowly.

That is above the level a bank needs to grow its net worth steadily.

Why ROE moved: profit grew 13.4% a year over 8 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low.

For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead.

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here.

Domestic institutions raised their stake in HDB Financial Services Ltd by 1.0 percentage points over 4 quarters, the biggest change among its owners. Domestic institutions now own 11.9% of the company. Foreign institutions moved +0.9 points over the same period, to 4.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +1.0 points over 4 quarters, to 11.9%; Foreign institutions: +0.9 points over 4 quarters, to 4.0%; Promoters: −0.1 points over 4 quarters, to 74.1%.

Why the owners changed: domestic institutions drove it (+1.0 points), together with foreign institutions (+0.9 points). They raised their stake step by step.

For HDB Financial Services Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

59.6 out of 100, rank 3 of 9 in Conglomerate Backed NBFC, with 72% of the evidence available.

HDB Financial Services Ltd scores 59.6 out of 100 against the 9 companies it is compared with in Conglomerate Backed NBFC, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 22.4 + 18.3 + 11.4 + 7.5 = 59.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

HDB Financial Services ranks 3 of 9 Conglomerate Backed NBFC companies on the 4-Factor Sector Score, with 59.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Conglomerate Backed NBFC, all 9 compared on one page.

HDB Financial Services is the 7th largest of 9 Conglomerate Backed NBFC companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Cholamandalam Investment & Finance Company, Jio Financial Services, Aditya Birla Capital and L&T Finance. Just below it: Piramal Finance and Poonawalla Fincorp.

Conglomerate Backed NBFC companies close in size

3. Cholamandalam Investment & Finance Company Ltd ₹1,35,517 crore
4. Jio Financial Services Ltd ₹1,35,034 crore
5. Aditya Birla Capital Ltd ₹1,01,156 crore
6. L&T Finance Ltd ₹61,256 crore
7. HDB Financial Services Ltd ₹44,136 crore
8. Piramal Finance Ltd ₹42,996 crore
9. Poonawalla Fincorp Ltd ₹40,657 crore

All 9 Conglomerate Backed NBFC companies, largest first

Companies close in size in other industries

213. Patanjali Foods Ltd ₹44,561 crore · FMCG - Foods
214. Tube Investments of India Ltd ₹44,334 crore · Diversified
215. HDB Financial Services Ltd ₹44,136 crore
216. Max Financial Services Ltd ₹44,064 crore · Finance - Holding Company
217. Ajanta Pharma Ltd ₹43,846 crore · Pharma - Formulators

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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