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HDFC Securities ₹7,650 ▼ 1.3% 1M

HDFC Securities Unlisted Shares

Financial Services Stockbroking and wealth distribution

HDFC Securities is a stockbroking and investment services company, a subsidiary of HDFC Bank. It served 78 lakh customers through 128 branches and digital platforms as of 31 March 2026.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹7,650 ▼ 1.29% in 1 month
Dealer quotes: ₹7,575 – ₹7,650 across 2 dealers
Key facts

HDFC Securities share details

Lot size
10 shares
Min. investment
₹76,500
Face value
₹10
Implied market cap
₹13,674 Cr
Shares outstanding
17,874,109
Headquarters
Mumbai, Maharashtra
Website
hdfcsec.com
ISIN
INE700G01014
CIN
U67120MH2000PLC152193
Lock-in after IPO
6 months
Price history

HDFC Securities share price chart

1Y change
-20.31%
High
₹9,600
Low
₹7,650

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About HDFC Securities

HDFC Securities Limited is a retail and institutional stockbroker based in Mumbai. It offers equity and derivatives trading, mutual funds and other third-party investment products, wealth advisory through its HDFC TRU platform, research, and institutional equities. Its customers mostly trade through digital apps and the website, and it also runs a physical network. As of 31 March 2026 the company served 78 lakh customers, and 98% of them used its services digitally. It had 128 branches across more than 100 towns and cities. In March 2026 it ranked 6th among brokers by number of active clients on NSE. The numbers below are standalone figures from the FY26 annual report. Revenue from operations was ₹3,10,749 lakh against ₹3,26,380 lakh in FY25. Profit for the year was ₹92,994 lakh against ₹1,12,502 lakh a year earlier. Brokerage and fee income was ₹1,516 crore and earnings per share was ₹522. One of its dividends was ₹415 per share, paid in June 2025. HDFC Bank is the parent and held 94.01% of the company, an investment of ₹1,299 crore as on 31 March 2026. Neeraj Swaroop chairs the board, Dhiraj Relli is Managing Director and CEO, and Ashish Rathi is Whole Time Director and Chief Operating Officer. The company has one wholly-owned subsidiary, HDFC Securities IFSC Limited. The company has no IPO journey recorded on IPO Guru yet and we do not speculate on dates or prices. Unlisted shares of a company like this are dealt off-market between private buyers and sellers, so the price shown on this page (₹7,650 per share) is only indicative.

Strengths

  • HDFC Bank is the parent and held 94.01% of the company as on 31 March 2026, which gives it a strong banking group behind it.
  • The company served 78 lakh customers as of 31 March 2026, and 98% of them accessed its services digitally.
  • It ranked 6th in the country by number of active clients on NSE in March 2026.
  • It runs a physical network of 128 branches across more than 100 towns and cities, alongside its digital platforms.
  • Standalone profit for the year was ₹92,994 lakh on revenue from operations of ₹3,10,749 lakh in FY26, a healthy profit level for a broker.
  • Total equity stood at ₹3,59,592 lakh on 31 March 2026, up from ₹3,34,859 lakh a year earlier.
  • Income is spread across interest income, fees and commission, and wealth products, not only brokerage.

Risks

  • Profit for the year fell to ₹92,994 lakh in FY26 from ₹1,12,502 lakh in FY25, a drop of roughly one-fifth.
  • Revenue from operations fell to ₹3,10,749 lakh from ₹3,26,380 lakh, as fees and commission income declined to ₹1,51,583 lakh from ₹1,74,420 lakh.
  • Net cash flow from operating activities was negative ₹3,05,270 lakh in FY26, against positive ₹2,38,096 lakh in FY25, mainly because of growth in loans and bank balances.
  • Debt securities rose to ₹12,93,133 lakh from ₹7,74,152 lakh, and other borrowings to ₹2,18,255 lakh from ₹20,225 lakh, so the balance sheet depends more on borrowed money.
  • Broking income depends on market activity. The report describes volatile markets in FY26, and weak markets can reduce trading volumes and fees.
  • The business is regulated by SEBI and the exchanges, and changes in rules on trading, margins or fees can affect earnings.
  • Competition from low-cost discount brokers and other digital platforms puts pressure on brokerage rates and customer growth.
  • A 94.01% holding by HDFC Bank means very little of the company is held by anyone else, so the parent's decisions drive its direction.
Financials

HDFC Securities financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 3,107 3,264
PAT (₹ Cr) 930 1,125
PAT Margin (%) 29.93 34.47
RoNW (%) 25.86 33.60
EPS (₹) 521.63 637.83
Total Assets (₹ Cr) 21,784 14,031
Net Worth (₹ Cr) 3,596 3,349

Swipe the table sideways for earlier years →

Leadership

Management team

Mr. Neeraj Swaroop
Independent Director and Chairperson
Chairs the board of HDFC Securities.
Mr. Dhiraj Relli
Managing Director and CEO
Leads the company as Managing Director and CEO.
Mr. Ashish Rathi
Whole Time Director and Chief Operating Officer
Associated with the company since 2003 and a Chartered Accountant.
Mr. Bhavesh Zaveri
Nominee Director
Former Executive Director of HDFC Bank Limited.
Anand Mathur
Chief Financial Officer
Heads finance at the company.
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Get a live quote on WhatsApp in under 60 seconds. Current price ₹7,650. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

Indicative off-market price, not an exchange quote. Read the disclaimer.

FAQs

HDFC Securities unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.