HDB Financial Services Balance Sheet
- Market cap
- ₹50,355 crore
- P/E
- 18.2
- P/B
- 2.44
- ROE
- 13.9%
- Dividend yield
- 0.33%
As of Mar 2022, HDB Financial Services had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 97.81% from Mar 2023.
HDB Financial Services balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 791 | 793 | 796 | 830 |
| Reserves | 8,500 | 5,844 | 7,568 | 9,070 | 10,860 |
| Borrowings | 1,200 | 54,865 | 74,331 | 89,682 | 99,230 |
| Other liabilities | 3,500 | 3,748 | 4,483 | 3,161 | 3,757 |
| Total liabilities | 13,700 | 70,050 | 92,557 | 1,08,663 | 1,23,651 |
| Fixed assets | 6,500 | 354 | 461 | 663 | 631 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 14,010 | 18,511 | 21,733 | 24,730 |
| Other assets | 4,300 | 21,015 | 27,767 | 32,599 | 37,095 |
| Total assets | 13,700 | 70,050 | 92,557 | 1,08,663 | 1,23,651 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
HDB Financial Services balance sheet — frequently asked questions
What is the total debt of HDB Financial Services?
HDB Financial Services reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹54,865 crore as of Mar 2023.
What is HDB Financial Services' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, HDB Financial Services' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are HDB Financial Services' total assets?
HDB Financial Services' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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