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HDB Financial Services Valuation Multiples
Discover revenue and EBITDA valuation multiples for HDB Financial Services and similar public comparables like Lion Finance Group, First National Bank, Arab Bank, Bank Syariah Indonesia and more.
HDB Financial Services Overview
About HDB Financial Services
HDB Financial Services Ltd is a non-banking finance company that provides lending services and business process outsourcing. The company also offers services related to the marketing and promotion of various financial products. Additionally, it provides BPO services that encompass back-office services such as form processing, document verification, finance and accounting services, and correspondence management, as well as front-office services including contact center management, outbound marketing, and collection services. The company's operating segments are: Lending services and BPO services. The majority of its revenue is generated from the Lending services segment, which includes providing finance to retail customers for a variety of purposes. Its operations are concentrated in India.
Founded
2007
HQ

Employees
89.9K
Website
Sectors
Financials (LTM)
EV
$15B
HDB Financial Services Financials
HDB Financial Services reported last 12-month revenue of $1B.
In the same LTM period, HDB Financial Services generated $265M in net income.
Revenue (LTM)
HDB Financial Services P&L
In the most recent fiscal year, HDB Financial Services reported revenue of $2B and EBITDA of $697M.
HDB Financial Services expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 63% | XXX | XXX | XXX |
| EBITDA | — | XXX | $697M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 53% | XXX | 53% | XXX | XXX | XXX |
| Net Profit | $265M | XXX | $255M | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | — | — | $9B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HDB Financial Services Stock Performance
HDB Financial Services has current market cap of $6B, and enterprise value of $15B.
Market Cap Evolution
HDB Financial Services' stock price is $7.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $6B | -0.0% | XXX | XXX | XXX | $0.31 |
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Start Free TrialHDB Financial Services Valuation Multiples
HDB Financial Services trades at 12.2x EV/Revenue multiple, and 21.5x EV/EBITDA.
EV / Revenue (LTM)
HDB Financial Services Financial Valuation Multiples
As of March 31, 2026, HDB Financial Services has market cap of $6B and EV of $15B.
Equity research analysts estimate HDB Financial Services' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HDB Financial Services has a P/E ratio of 23.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 12.2x | XXX | 8.8x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 21.5x | XXX | XXX | XXX |
| EV/EBIT | 23.1x | XXX | 16.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 14.1x | XXX | XXX | XXX |
| P/E | 23.5x | XXX | 24.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (10.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HDB Financial Services Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


HDB Financial Services Margins & Growth Rates
HDB Financial Services' revenue in the last 12 month grew by 13%.
HDB Financial Services' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
HDB Financial Services Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | (28%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 2% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | 44% | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HDB Financial Services Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Lion Finance Group | XXX | XXX | XXX | XXX | XXX | XXX |
| First National Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Arab Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank Syariah Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Oberbank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HDB Financial Services M&A Activity
HDB Financial Services acquired XXX companies to date.
Last acquisition by HDB Financial Services was on XXXXXXXX, XXXXX. HDB Financial Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HDB Financial Services
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHDB Financial Services Investment Activity
HDB Financial Services invested in XXX companies to date.
HDB Financial Services made its latest investment on XXXXXXXX, XXXXX. HDB Financial Services invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HDB Financial Services
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HDB Financial Services
| When was HDB Financial Services founded? | HDB Financial Services was founded in 2007. |
| Where is HDB Financial Services headquartered? | HDB Financial Services is headquartered in India. |
| How many employees does HDB Financial Services have? | As of today, HDB Financial Services has over 89K employees. |
| Who is the CEO of HDB Financial Services? | HDB Financial Services' CEO is Ramesh Ganesan. |
| Is HDB Financial Services publicly listed? | Yes, HDB Financial Services is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of HDB Financial Services? | HDB Financial Services trades under HDBFS ticker. |
| When did HDB Financial Services go public? | HDB Financial Services went public in 2025. |
| Who are competitors of HDB Financial Services? | HDB Financial Services main competitors are Lion Finance Group, First National Bank, Arab Bank, Bank Syariah Indonesia. |
| What is the current market cap of HDB Financial Services? | HDB Financial Services' current market cap is $6B. |
| What is the current revenue of HDB Financial Services? | HDB Financial Services' last 12 months revenue is $1B. |
| What is the current revenue growth of HDB Financial Services? | HDB Financial Services revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of HDB Financial Services? | Current revenue multiple of HDB Financial Services is 12.2x. |
| Is HDB Financial Services profitable? | Yes, HDB Financial Services is net-income-positive (as of the last 12 months). |
| What is the current net income of HDB Financial Services? | HDB Financial Services' last 12 months net income is $265M. |
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