HDFC Securities Unlisted Share

Product Offerings of HDFC Securities

HDFC Securities offers 3-in-1 online investment accounts, a combination of an account with HDFC bank and demat and trading services of HDFC Securities. The company offers a host of services to its clients, which include:

Management

Mr. Neeraj Swaroop – Chairman

·Mr. Neeraj Swaroop is an experienced professional with over 40 years in the FMCG industry.

·Ex-Standard Chartered Bank, Ex-HUL, Ex- Ponds India, Ex- Bank of America, Ex-HDFC Bank.

Mr. Dhiraj Relli – MD & CEO

·      A member of the HDFC family since 2008, he has served as Senior Executive Vice President and Head of Branch Banking at HDFC Bank.

·      BCom Hons. from Delhi University, Management program from IIM Bangalore, Chartered Accountant.

Business Overview

FY-24 Highlights

• Active Clients: 1.21 million

• Total Income Growth: 40.6% increase (FY23: ₹1,89,163 lacs, FY24: ₹2,66,073 lacs)

• Customer Base Growth: Total customer base reached 53,82,198, nearly 20% higher than FY23 (12,14,713 traded clients)

• Top Broking Houses Rank: HDFC Securities is ranked in the top 10 of all broking houses in India

• Employees with 5+ Years Tenure: 700+

• Digital Brokerage Contribution: 84% of brokerage from digital sources (previous year: 85%)

• Average MTF Book Size (FY24): ₹4,855 Cr, a 50% increase from FY23

• Revenue per Employee: ₹84.54 lacs

• Total IPOs in FY24: 77 IPOs

• Total IPO Applications: 319.48 lacs

• IPO Volume: ₹1,19,790.84 Cr

• Dividend per Share Growth: 15.90% increase (FY23: ₹440, FY24: ₹510)

• CSR Spend: ₹22.06 Cr

• Relationship Managers (RMs): 1,400+

• Average Daily Turnover Growth: 113.42% increase

• Active Transacting Clients (FY23-24): More than 1.09 million

• Brokerage and Fee Income (FY24): ₹1,59,717 lacs

• Year-End Book Size: ₹6,033 Cr

HDFC Securities new platform – HDFC SKY

A discount broking platform that allows trading and investing at a single price point of Rs 20 similar to other online platforms such as Groww, 5Paisa, and Zerodha. HDFC Sky's USP is its margin trading facility which is available at a 12% interest rate whereas its competitors charge between 18 to 21%. Its target market is Gen-Z, millennials, and new-age investors. HDFC Sky is accessible to everyone, in contrast to HDFC Securities, which restricts demat account opening, trading, and investment to HDFC Bank customers only.

Financial Insights

Business Segments

The company derives revenue primarily from the share broking business. Its other major revenue sources are interest income and services income.

Active Client Base

Peer Comparison

-   Financials as of  March, 2024

-   Share Price as of  November, 2024

HDFC Securities IPO Plans

Sources say that HDFC Bank will be looking at the public listing of its brokerage and non-bank finance company subsidiaries only after its merger with parent HDFC Ltd goes through.

Answering shareholder queries at the 28th annual general meeting of the largest private sector lender, its chief executive and managing director Sashidhar Jagdishan said the initial public offering (IPO) plans for HDFC Securities and HDB Financial Services depends on the merger process.

"The IPO plans (of HDFC Securities and HDB Financial Services) are something that we will contemplate after we have absorbed (the merger) we’ve got directions from the regulator, after we absorb as and when the merger happens and then we will think about", Jagdishan said.

HDFC Securities Annual Report 2024

HDFC Securities Annual Report 2023

HDFC Securities Annual Report 2022

HDFC Securities Annual Report 2021

HDFC Securities Annual Report 2020

HDFC Securities Annual Report 2019