About HDFC Securities Limited Unlisted Equities

(i) HDFC Securities Limited, a reputed financial broking firm, is a subsidiary of HDFC Bank, India's leading private sector bank. Based in Mumbai, this leading brokerage has an illustrious history spanning two decades since its inception in 2000. Initially, HDFC Securities came into existence due to a joint venture between HDFC Bank Limited, HDFC Limited, and Indocean eSecurities Holdings Limited.

(ii) Besides offering world-class stock broking services, HDFC Securities has expanded its horizons as a leading distributor of various financial products. A notable change came in 2006 when HDFC Bank acquired shares in HDFC Ltd. Subsequently, Indo Ocean Securities acquired a further 4% in 2008, strengthening HDFC Securities' position as a subsidiary of HDFC Bank.

(iii) HDFC Securities Ltd acts as the securities trading and distribution arm of the HDFC Group, with a reputation as one of India's leading brokerage firms. As a reflection of its corporate presence, the company is an associate member of the BSE and NSE. The company's comprehensive online trading portal has gained immense recognition among professional traders.

(iv) As of March 31, 2020, HDFC Securities has 262 branches across 161 cities in India. To strengthen its reach, the company invests in multiple digital platforms to ensure customers have seamless access to its diverse offerings.

(v) Service Overview:

A look back at HDFC Securities' unlisted stocks over the last five years can be seen as follows:

The share price performance of HDFC Securities' unlisted shares from April 2022 to April 2023 has shown some change. This is due to the weak demand in the unlisted segment and the relatively flat financial performance of the securities segment for FY23. As of August 7, 2023, the share price is Rs 12,400 in the unlisted market, which is around Rs 12,200 as of April 2022.

(vi) Current Market Valuation Snapshot:

The market valuation of HDFC Securities unlisted shares can be calculated by multiplying the total number of issued shares by the current share price. Specifically, with the number of issued shares at Rs 1,583 crore and the share price at Rs 12,400, the company is valued at around Rs 20,000 crore. Moreover, with FY23 earnings per share (EPS) at 489, HDFC Securities has a price-to-earnings ratio (PER) of 25. This ratio is an important metric in assessing a company's market value concerning earnings.



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