Share Price and Basic Stock Data
Last Updated: January 17, 2026, 5:16 pm
| PEG Ratio | 2.91 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
HDFC Bank Ltd, a prominent player in the Indian private sector banking industry, reported a market capitalization of ₹14,33,150 Cr as of the latest data. The bank’s revenue trajectory has shown a robust upward trend, with quarterly revenues rising from ₹40,930 Cr in September 2022 to ₹75,039 Cr by September 2023. This represents a significant year-on-year increase, showcasing the bank’s strong operational performance and customer acquisition strategies. The revenue for the fiscal year ending March 2025 is reported at ₹336,367 Cr, up from ₹170,754 Cr in the previous fiscal year, indicating a healthy growth rate. The bank’s focus on expanding its product offerings and enhancing its digital banking capabilities has likely contributed to this revenue surge. In the context of the industry, HDFC Bank’s revenue growth appears to outpace many peers, as the banking sector grapples with economic headwinds and regulatory challenges.
Profitability and Efficiency Metrics
HDFC Bank’s profitability metrics reflect a solid performance, with a net profit of ₹75,079 Cr reported for the fiscal year ending March 2025. The bank’s return on equity (ROE) stood at 14.4%, while the return on capital employed (ROCE) was recorded at 7.51%. However, there has been a notable decline in financing profit, which turned negative in the recent quarters, with a financing profit of -₹11,560 Cr in September 2023. This decline is concerning, especially as the financing margin percentage fell to -15% during the same period. On a positive note, the bank has maintained a healthy net profit margin of 21.83% for FY 2025, suggesting that despite challenges in financing, overall cost management and income generation remain effective. The bank’s ability to generate other income also saw a substantial rise, recording ₹124,346 Cr for FY 2024, indicating diversification in revenue streams.
Balance Sheet Strength and Financial Ratios
The balance sheet of HDFC Bank reflects a strong financial position, with total assets amounting to ₹4,514,741 Cr as of September 2025. Reserves have significantly increased to ₹537,608 Cr, up from ₹288,880 Cr in March 2023, underscoring the bank’s capacity to absorb shocks and invest in future growth. The bank’s equity capital rose to ₹765 Cr by March 2025, while borrowings decreased to ₹634,606 Cr, indicating prudent financial management. The price-to-earnings (P/E) ratio stood at 19.8, suggesting a relatively high valuation compared to industry norms, which can be a double-edged sword. The price-to-book value (P/BV) ratio of 2.68 indicates that investors are willing to pay a premium for the bank’s shares. However, the cost-to-income ratio of 61.53% reflects an increasing operational cost burden, which the bank needs to manage effectively to maintain profitability.
Shareholding Pattern and Investor Confidence
HDFC Bank’s shareholding pattern illustrates a significant shift in investor confidence, particularly among foreign institutional investors (FIIs) and domestic institutional investors (DIIs). As of September 2023, FIIs held 52.13% of the bank’s shares, an increase from 32.10% in December 2022, indicating strong foreign interest in the bank. In contrast, promoter holdings have plummeted to 0%, reflecting a strategic exit or reallocation of shares. DIIs also increased their stake to 30.39% during the same period, highlighting local institutional confidence in the bank’s future prospects. The total number of shareholders rose to 37,01,272, suggesting growing retail participation. This shift could be attributed to the bank’s robust financial performance and growth prospects, although the complete exit of promoters raises questions about long-term governance and strategic direction.
Outlook, Risks, and Final Insight
The outlook for HDFC Bank remains cautiously optimistic, given its strong revenue growth and solid balance sheet. However, several risks loom, including the recent decline in financing profit and increasing operational costs, which could pressure margins. Furthermore, the complete exit of promoters might affect investor sentiment, potentially leading to volatility in share price. The bank’s ability to navigate regulatory changes and maintain asset quality will be critical in sustaining its growth trajectory. In the event that financing conditions improve and cost management strategies are effectively implemented, HDFC Bank could emerge stronger. Conversely, if operational challenges persist, the bank may face headwinds that could impede its growth. Stakeholders should closely monitor these dynamics to gauge the bank’s future performance and stability.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Fino Payments Bank Ltd | 1,912 Cr. | 230 | 339/180 | 23.8 | 90.5 | 0.00 % | 6.64 % | 13.3 % | 10.0 |
| ESAF Small Finance Bank Ltd | 1,493 Cr. | 29.0 | 38.4/24.3 | 33.9 | 0.00 % | 4.28 % | 23.5 % | 10.0 | |
| Capital Small Finance Bank Ltd | 1,190 Cr. | 262 | 331/249 | 8.80 | 307 | 1.53 % | 7.04 % | 10.4 % | 10.0 |
| Yes Bank Ltd | 73,615 Cr. | 23.5 | 24.3/16.0 | 23.2 | 16.0 | 0.00 % | 6.36 % | 5.46 % | 2.00 |
| Ujjivan Small Finance Bank Ltd | 11,702 Cr. | 60.4 | 60.8/30.8 | 28.1 | 32.2 | 0.00 % | 8.53 % | 12.4 % | 10.0 |
| Industry Average | 161,099.91 Cr | 352.27 | 18.56 | 213.57 | 0.59% | 6.84% | 11.80% | 6.30 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40,930 | 45,002 | 47,548 | 51,168 | 75,039 | 78,008 | 79,434 | 81,546 | 83,002 | 85,040 | 86,779 | 87,372 | 86,994 |
| Interest | 18,311 | 20,505 | 22,606 | 25,955 | 41,250 | 43,242 | 43,692 | 44,580 | 45,414 | 46,914 | 46,986 | 47,709 | 46,741 |
| Expenses | 15,915 | 16,682 | 17,770 | 18,470 | 45,349 | 50,530 | 62,938 | 49,690 | 52,074 | 41,307 | 47,709 | 64,497 | 45,161 |
| Financing Profit | 6,704 | 7,815 | 7,172 | 6,744 | -11,560 | -15,764 | -27,196 | -12,723 | -14,487 | -3,181 | -7,916 | -24,833 | -4,908 |
| Financing Margin % | 16% | 17% | 15% | 13% | -15% | -20% | -34% | -16% | -17% | -4% | -9% | -28% | -6% |
| Other Income | 8,252 | 9,121 | 9,610 | 9,853 | 32,528 | 37,007 | 44,958 | 35,450 | 38,455 | 27,154 | 33,489 | 45,683 | 31,567 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 14,956 | 16,936 | 16,783 | 16,597 | 20,967 | 21,243 | 17,761 | 22,727 | 23,968 | 23,973 | 25,573 | 20,850 | 26,659 |
| Tax % | 25% | 25% | 25% | 25% | 17% | 17% | -1% | 24% | 22% | 24% | 25% | 18% | 24% |
| Net Profit | 11,163 | 12,735 | 12,634 | 12,403 | 17,312 | 17,718 | 18,013 | 17,188 | 18,627 | 18,340 | 19,285 | 17,090 | 20,364 |
| EPS in Rs | 9.99 | 11.39 | 11.29 | 11.06 | 11.09 | 11.37 | 11.60 | 10.83 | 11.68 | 11.54 | 12.31 | 10.60 | 12.76 |
| Gross NPA % | |||||||||||||
| Net NPA % |
Last Updated: January 2, 2026, 5:36 pm
Below is a detailed analysis of the quarterly data for HDFC Bank Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Interest, as of Sep 2025, the value is 46,741.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 47,709.00 Cr. (Jun 2025) to 46,741.00 Cr., marking a decrease of 968.00 Cr..
- For Expenses, as of Sep 2025, the value is 45,161.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 64,497.00 Cr. (Jun 2025) to 45,161.00 Cr., marking a decrease of 19,336.00 Cr..
- For Other Income, as of Sep 2025, the value is 31,567.00 Cr.. The value appears to be declining and may need further review. It has decreased from 45,683.00 Cr. (Jun 2025) to 31,567.00 Cr., marking a decrease of 14,116.00 Cr..
- For Depreciation, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 0.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 26,659.00 Cr.. The value appears strong and on an upward trend. It has increased from 20,850.00 Cr. (Jun 2025) to 26,659.00 Cr., marking an increase of 5,809.00 Cr..
- For Tax %, as of Sep 2025, the value is 24.00%. The value appears to be increasing, which may not be favorable. It has increased from 18.00% (Jun 2025) to 24.00%, marking an increase of 6.00%.
- For Net Profit, as of Sep 2025, the value is 20,364.00 Cr.. The value appears strong and on an upward trend. It has increased from 17,090.00 Cr. (Jun 2025) to 20,364.00 Cr., marking an increase of 3,274.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 12.76. The value appears strong and on an upward trend. It has increased from 10.60 (Jun 2025) to 12.76, marking an increase of 2.16.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:45 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 42,555 | 50,666 | 63,162 | 73,271 | 85,288 | 105,161 | 122,189 | 128,552 | 135,936 | 170,754 | 283,649 | 336,367 | 346,185 |
| Interest | 23,445 | 27,288 | 34,070 | 38,042 | 42,381 | 53,713 | 62,137 | 59,248 | 58,584 | 77,780 | 154,139 | 183,894 | 188,350 |
| Expenses | 13,508 | 16,164 | 20,055 | 23,856 | 29,532 | 34,856 | 45,459 | 52,457 | 56,557 | 63,042 | 174,196 | 186,974 | 198,673 |
| Financing Profit | 5,602 | 7,214 | 9,037 | 11,374 | 13,374 | 16,592 | 14,593 | 16,848 | 20,795 | 29,932 | -44,685 | -34,501 | -40,838 |
| Financing Margin % | 13% | 14% | 14% | 16% | 16% | 16% | 12% | 13% | 15% | 18% | -16% | -10% | -12% |
| Other Income | 8,298 | 9,546 | 11,212 | 12,905 | 16,057 | 18,947 | 24,879 | 27,333 | 31,759 | 33,912 | 124,346 | 134,548 | 137,893 |
| Depreciation | 689 | 680 | 738 | 886 | 967 | 1,221 | 1,277 | 1,385 | 1,681 | 2,345 | 3,092 | 3,805 | 0 |
| Profit before tax | 13,211 | 16,079 | 19,511 | 23,393 | 28,464 | 34,318 | 38,195 | 42,796 | 50,873 | 61,498 | 76,569 | 96,242 | 97,055 |
| Tax % | 34% | 33% | 34% | 35% | 35% | 35% | 29% | 26% | 25% | 25% | 15% | 24% | |
| Net Profit | 8,768 | 10,703 | 12,821 | 15,317 | 18,561 | 22,446 | 27,296 | 31,857 | 38,151 | 46,149 | 65,446 | 73,440 | 75,079 |
| EPS in Rs | 9.11 | 10.66 | 12.66 | 14.91 | 17.83 | 20.50 | 24.85 | 28.87 | 34.31 | 41.22 | 42.16 | 46.26 | 47.21 |
| Dividend Payout % | 19% | 19% | 19% | 18% | 18% | 18% | 5% | 11% | 23% | 23% | 23% | 24% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 22.07% | 19.79% | 19.47% | 21.18% | 20.93% | 21.61% | 16.71% | 19.76% | 20.96% | 41.81% | 12.21% |
| Change in YoY Net Profit Growth (%) | 0.00% | -2.28% | -0.32% | 1.71% | -0.25% | 0.68% | -4.90% | 3.05% | 1.21% | 20.85% | -29.60% |
HDFC Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 22% |
| 3 Years: | 35% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 21% |
| 3 Years: | 23% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 11% |
| 3 Years: | 9% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 14% |
Last Updated: September 4, 2025, 9:30 pm
Balance Sheet
Last Updated: December 4, 2025, 12:51 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 480 | 501 | 506 | 513 | 519 | 545 | 548 | 551 | 555 | 558 | 760 | 765 | 1,536 |
| Reserves | 43,687 | 62,653 | 73,798 | 91,281 | 109,080 | 153,128 | 175,810 | 209,259 | 246,772 | 288,880 | 455,636 | 521,024 | 537,608 |
| Deposits | 367,080 | 450,284 | 545,873 | 643,134 | 788,375 | 922,503 | 1,146,207 | 1,333,721 | 1,558,003 | 1,882,663 | 2,376,887 | 2,710,898 | 2,798,170 |
| Borrowing | 49,597 | 59,478 | 103,714 | 98,416 | 156,442 | 157,733 | 186,834 | 177,697 | 226,966 | 256,549 | 730,615 | 634,606 | 599,507 |
| Other Liabilities | 42,776 | 34,181 | 38,321 | 59,000 | 48,770 | 58,898 | 71,430 | 78,279 | 90,639 | 101,783 | 466,296 | 524,817 | 577,920 |
| Total Liabilities | 503,620 | 607,097 | 762,212 | 892,344 | 1,103,186 | 1,292,806 | 1,580,830 | 1,799,507 | 2,122,934 | 2,530,432 | 4,030,194 | 4,392,110 | 4,514,741 |
| Fixed Assets | 3,026 | 3,225 | 3,667 | 4,000 | 4,008 | 4,369 | 4,776 | 5,248 | 6,432 | 8,431 | 12,604 | 15,258 | 15,538 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 119,571 | 149,454 | 193,634 | 210,777 | 238,461 | 289,446 | 389,305 | 438,823 | 449,264 | 511,582 | 1,005,682 | 1,186,473 | 1,250,391 |
| Other Assets | 381,023 | 454,417 | 564,912 | 677,567 | 860,717 | 998,991 | 1,186,750 | 1,355,435 | 1,667,238 | 2,010,419 | 3,011,909 | 3,190,379 | 3,248,813 |
| Total Assets | 503,620 | 607,097 | 762,212 | 892,344 | 1,103,186 | 1,292,806 | 1,580,830 | 1,799,507 | 2,122,934 | 2,530,432 | 4,030,194 | 4,392,110 | 4,514,741 |
Below is a detailed analysis of the balance sheet data for HDFC Bank Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 1,536.00 Cr.. The value appears strong and on an upward trend. It has increased from 765.00 Cr. (Mar 2025) to 1,536.00 Cr., marking an increase of 771.00 Cr..
- For Reserves, as of Sep 2025, the value is 537,608.00 Cr.. The value appears strong and on an upward trend. It has increased from 521,024.00 Cr. (Mar 2025) to 537,608.00 Cr., marking an increase of 16,584.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 577,920.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 524,817.00 Cr. (Mar 2025) to 577,920.00 Cr., marking an increase of 53,103.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 4,514,741.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,392,110.00 Cr. (Mar 2025) to 4,514,741.00 Cr., marking an increase of 122,631.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 15,538.00 Cr.. The value appears strong and on an upward trend. It has increased from 15,258.00 Cr. (Mar 2025) to 15,538.00 Cr., marking an increase of 280.00 Cr..
- For CWIP, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Investments, as of Sep 2025, the value is 1,250,391.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,186,473.00 Cr. (Mar 2025) to 1,250,391.00 Cr., marking an increase of 63,918.00 Cr..
- For Other Assets, as of Sep 2025, the value is 3,248,813.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,190,379.00 Cr. (Mar 2025) to 3,248,813.00 Cr., marking an increase of 58,434.00 Cr..
- For Total Assets, as of Sep 2025, the value is 4,514,741.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,392,110.00 Cr. (Mar 2025) to 4,514,741.00 Cr., marking an increase of 122,631.00 Cr..
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -354.00 | -434.00 | -525.00 | -620.00 | -759.00 | -888.00 | 44.00 | 51.00 | 55.00 | 62.00 | 172.00 | 184.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 22% | 20% | 19% | 18% | 18% | 17% | 16% | 16% | 17% | 17% | 17% | 14% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 103,486,016 | 8.03 | 10427.25 | 102,203,321 | 2025-12-15 01:11:45 | 1.26% |
| HDFC Flexi Cap Fund | 82,000,000 | 8.78 | 8262.32 | 79,000,000 | 2025-12-15 01:11:45 | 3.8% |
| ICICI Prudential Large Cap Fund | 75,932,888 | 9.79 | 7651 | 75,594,168 | 2025-12-15 01:11:45 | 0.45% |
| HDFC Balanced Advantage Fund | 55,808,702 | 5.21 | 5623.28 | N/A | N/A | N/A |
| Nippon India Large Cap Fund | 45,380,734 | 9.09 | 4572.56 | 41,380,734 | 2025-12-15 01:11:45 | 9.67% |
| SBI Equity Hybrid Fund | 44,000,000 | 5.34 | 4433.44 | N/A | N/A | N/A |
| SBI Large Cap Fund | 40,700,000 | 7.37 | 4100.93 | N/A | N/A | N/A |
| Mirae Asset Large Cap Fund | 40,619,277 | 9.78 | 4092.8 | 22,909,966 | 2025-12-08 00:45:40 | 77.3% |
| SBI Contra Fund | 40,449,258 | 8.18 | 4075.67 | N/A | N/A | N/A |
| Kotak Flexicap Fund | 39,500,000 | 7 | 3980.02 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 92.81 | 90.42 | 82.64 | 68.77 | 57.88 |
| Diluted EPS (Rs.) | 92.39 | 90.01 | 82.27 | 68.31 | 57.61 |
| Cash EPS (Rs.) | 100.95 | 90.22 | 86.91 | 71.83 | 60.30 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 681.88 | 600.77 | 518.73 | 445.99 | 380.59 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 681.88 | 600.77 | 518.73 | 445.99 | 380.59 |
| Operating Revenue / Share (Rs.) | 439.57 | 373.37 | 306.03 | 245.13 | 233.19 |
| Net Profit / Share (Rs.) | 95.97 | 86.15 | 82.71 | 68.80 | 57.79 |
| Net Profit After MI / Share (Rs.) | 92.51 | 84.33 | 82.44 | 68.62 | 57.74 |
| Net Profit Margin (%) | 21.83 | 23.07 | 27.02 | 28.06 | 24.78 |
| Net Profit After MI And SOA Nargin (%) | 21.04 | 22.58 | 26.93 | 27.99 | 24.76 |
| Operating Profit Margin (%) | 25.58 | 25.78 | 36.37 | 34.96 | 32.96 |
| Return On Assets (%) | 1.61 | 1.58 | 1.81 | 1.79 | 1.76 |
| Return On Equity / Networth (%) | 13.56 | 14.03 | 15.89 | 15.38 | 15.17 |
| Net Interest Margin (X) | 3.47 | 3.21 | 3.67 | 3.64 | 3.85 |
| Cost To Income (%) | 61.53 | 59.98 | 40.61 | 36.94 | 36.21 |
| Interest Income / Total Assets (%) | 7.65 | 7.03 | 6.74 | 6.40 | 7.14 |
| Non-Interest Income / Total Assets (%) | 3.06 | 3.08 | 1.34 | 1.49 | 1.51 |
| Operating Profit / Total Assets (%) | -1.39 | -1.46 | 0.48 | 0.30 | 0.25 |
| Operating Expenses / Total Assets (%) | 4.02 | 3.77 | 2.03 | 1.89 | 1.94 |
| Interest Expenses / Total Assets (%) | 4.18 | 3.82 | 3.07 | 2.75 | 3.29 |
| Enterprise Value (Rs.Cr.) | 4600318.32 | 4028967.13 | 2920214.84 | 2470099.59 | 2237407.93 |
| EV Per Net Sales (X) | 13.68 | 14.20 | 17.10 | 18.17 | 17.40 |
| Price To Book Value (X) | 2.68 | 2.41 | 3.10 | 3.30 | 3.92 |
| Price To Sales (X) | 4.16 | 3.88 | 5.26 | 6.00 | 6.40 |
| Retention Ratios (%) | 100.00 | 86.88 | 100.00 | 100.00 | 100.00 |
| Earnings Yield (X) | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 |
After reviewing the key financial ratios for HDFC Bank Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For Basic EPS (Rs.), as of Mar 25, the value is 92.81. This value is within the healthy range. It has increased from 90.42 (Mar 24) to 92.81, marking an increase of 2.39.
- For Diluted EPS (Rs.), as of Mar 25, the value is 92.39. This value is within the healthy range. It has increased from 90.01 (Mar 24) to 92.39, marking an increase of 2.38.
- For Cash EPS (Rs.), as of Mar 25, the value is 100.95. This value is within the healthy range. It has increased from 90.22 (Mar 24) to 100.95, marking an increase of 10.73.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 681.88. It has increased from 600.77 (Mar 24) to 681.88, marking an increase of 81.11.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 681.88. It has increased from 600.77 (Mar 24) to 681.88, marking an increase of 81.11.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 95.97. This value is within the healthy range. It has increased from 86.15 (Mar 24) to 95.97, marking an increase of 9.82.
- For Net Profit Margin (%), as of Mar 25, the value is 21.83. This value exceeds the healthy maximum of 10. It has decreased from 23.07 (Mar 24) to 21.83, marking a decrease of 1.24.
- For Return On Assets (%), as of Mar 25, the value is 1.61. This value is below the healthy minimum of 5. It has increased from 1.58 (Mar 24) to 1.61, marking an increase of 0.03.
- For Retention Ratios (%), as of Mar 25, the value is 100.00. This value exceeds the healthy maximum of 70. It has increased from 86.88 (Mar 24) to 100.00, marking an increase of 13.12.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in HDFC Bank Ltd:
- Net Profit Margin: 21.83%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 0% (Industry Average ROCE: 6.84%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 0% (Industry Average ROE: 11.8%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 0
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 19.2 (Industry average Stock P/E: 18.56)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 21.83%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Finance - Banks - Private Sector | HDFC Bank House, Mumbai Maharashtra 400013 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Atanu Chakraborty | Part Time Chairman & Independent Director |
| Mr. Sashidhar Jagdishan | Managing Director & CEO |
| Mr. Kaizad Bharucha | Deputy Managing Director |
| Mr. V Srinivasa Rangan | Executive Director |
| Mr. Bhavesh Zaveri | Executive Director |
| Mrs. Renu Karnad | Non Exe.Non Ind.Director |
| Mr. Keki Mistry | Non Exe.Non Ind.Director |
| Mr. M D Ranganath | Independent Director |
| Mr. Sandeep Parekh | Independent Director |
| Dr.(Mrs.) Sunita Maheshwari | Independent Director |
| Mrs. Lily Vadera | Independent Director |
| Dr. Harsh Kumar Bhanwala | Independent Director |
| Mr. Santhosh Keshavan | Independent Director |
FAQ
What is the intrinsic value of HDFC Bank Ltd?
HDFC Bank Ltd's intrinsic value (as of 18 January 2026) is ₹868.31 which is 6.73% lower the current market price of ₹931.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹14,32,458 Cr. market cap, FY2025-2026 high/low of ₹1,020/813, reserves of ₹537,608 Cr, and liabilities of ₹4,514,741 Cr.
What is the Market Cap of HDFC Bank Ltd?
The Market Cap of HDFC Bank Ltd is 14,32,458 Cr..
What is the current Stock Price of HDFC Bank Ltd as on 18 January 2026?
The current stock price of HDFC Bank Ltd as on 18 January 2026 is ₹931.
What is the High / Low of HDFC Bank Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of HDFC Bank Ltd stocks is ₹1,020/813.
What is the Stock P/E of HDFC Bank Ltd?
The Stock P/E of HDFC Bank Ltd is 19.2.
What is the Book Value of HDFC Bank Ltd?
The Book Value of HDFC Bank Ltd is 364.
What is the Dividend Yield of HDFC Bank Ltd?
The Dividend Yield of HDFC Bank Ltd is 1.18 %.
What is the ROCE of HDFC Bank Ltd?
The ROCE of HDFC Bank Ltd is 7.51 %.
What is the ROE of HDFC Bank Ltd?
The ROE of HDFC Bank Ltd is 14.4 %.
What is the Face Value of HDFC Bank Ltd?
The Face Value of HDFC Bank Ltd is 1.00.
HDFC Bank Ltd: A Comprehensive Overview
HDFC Bank Ltd, one of India’s largest private sector banks, continues to be a dominant force in the Indian banking sector. With its robust presence across both retail banking and wholesale banking, the bank maintains its leadership through innovation, customer-centric solutions, and a strong digital infrastructure. Here’s a detailed look at the bank’s financial performance and strategic strengths in 2024.
1. Retail Banking: A Major Growth Driver
Retail banking is the backbone of HDFC Bank, contributing around 47% of its total revenues as of the first quarter of the financial year 2024. The bank has consistently grown its retail loan book, offering a wide range of financial products, including personal loans, home loans, credit cards, and auto loans. The recent merger with HDFC Ltd has further strengthened its retail banking capabilities by bringing in a massive portfolio of home loans, enhancing cross-selling opportunities.
The bank’s digital-first approach is critical in reaching its large customer base, which spans across urban and rural India. Its robust mobile banking and internet banking platforms contribute to improved customer service, offering seamless banking experiences to millions of customers.
2. Wholesale Banking: A Balanced Portfolio
HDFC Bank’s wholesale banking segment, which caters to large corporate clients, accounts for approximately 29% of its revenues. This includes services like working capital financing, trade services, and infrastructure financing. Additionally, HDFC Bank is a major player in the foreign exchange and derivatives market, providing hedging solutions and currency risk management services to corporate clients.
The merger with HDFC Ltd has also enhanced the bank’s wholesale operations by consolidating its corporate loan book and increasing its exposure to infrastructure and housing finance. With the Indian economy on a growth trajectory, the demand for corporate loans is expected to rise, positioning HDFC Bank favorably.
3. Market Share and Competitive Position
As of 2024, HDFC Bank holds a significant market share in the Indian banking sector. It is not only one of the largest banks by assets but also one of the most profitable. With a market capitalization exceeding ₹14 lakh crore (around $145 billion), the bank remains the third-largest listed entity in India.
The merger with HDFC Ltd has further solidified its leadership, making it a financial conglomerate with a wide array of products, from banking services to insurance and asset management through subsidiaries like HDFC Life, HDFC ERGO, and HDFC AMC. This diversified portfolio gives HDFC Bank a unique edge over competitors such as ICICI Bank and Axis Bank (Screener) (MarketScreener).
4. Financial Performance: Strong Fundamentals
In the latest financial year 2023-24, HDFC Bank posted a consolidated profit after tax (PAT) of ₹164.7 billion for the first quarter, reflecting a 33.2% year-on-year increase. The net interest income (NII) for Q1 FY25 stood at ₹724.2 billion, marking a 106.5% growth (Smart Investing), (ICICI Direct). The bank’s return on equity (ROE) remains steady at around 17%, showcasing its operational efficiency and profitability.
Despite challenging market conditions such as rising interest rates and inflation, HDFC Bank has managed to maintain asset quality. Its gross non-performing assets (NPA) ratio stands at a manageable 1.24%, one of the lowest in the sector (ICICI Direct).
5. Digital and Customer-Centric Banking
HDFC Bank has significantly invested in digital services, enhancing customer experience through mobile banking, internet banking, and digital payments. The bank’s technology-driven approach ensures 24/7 connectivity, improving overall customer service. Additionally, its digital onboarding and credit assessment tools allow the bank to reach underserved markets in semi-urban and rural areas, where it continues to expand its branch network (MarketScreener).
6. Challenges and Opportunities Ahead
With rising interest rates globally, the bank faces higher borrowing costs, which may pressure its margins. However, its strong focus on retail and digital banking, combined with its large-scale operations in financial services, positions it well to capitalize on India’s economic growth. The increasing demand for housing loans and the bank’s leadership in this space post-merger is expected to drive growth in the coming years.
Conclusion
HDFC Bank Ltd stands out as a powerhouse in the Indian banking industry with a diverse portfolio spanning retail banking, wholesale banking, foreign exchange, and derivatives. The bank’s strategic merger with HDFC Ltd has significantly enhanced its market position, and its focus on digitalization ensures it remains competitive. With strong financial fundamentals, an expansive customer base, and a focus on innovation, HDFC Bank is well-positioned to continue its leadership in the private sector banking space (Smart Investing) (MarketScreener) (ICICI Direct).