Share Price and Basic Stock Data
Last Updated: November 10, 2025, 8:00 pm
| PEG Ratio | 3.43 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
HDFC Bank Ltd, a prominent player in the private sector banking space, reported a share price of ₹1,004 and a market capitalization of ₹15,41,824 Cr. The bank’s revenue has demonstrated a robust upward trajectory, increasing from ₹37,274 Cr in June 2022 to ₹75,039 Cr in September 2023, reflecting a significant growth of over 100% in just over a year. The revenue for the trailing twelve months (TTM) stood at ₹342,193 Cr, up from ₹170,754 Cr in the previous fiscal year. This growth trajectory underscores the bank’s effective strategies in expanding its customer base and enhancing service offerings. An increasing trend in interest income, which rose from ₹16,358 Cr in June 2022 to ₹41,250 Cr in September 2023, suggests an effective loan growth strategy, supported by rising demand for credit. The bank’s ability to capture market opportunities effectively positions it as a leader in the competitive banking landscape.
Profitability and Efficiency Metrics
The profitability metrics of HDFC Bank reveal a solid financial performance. The net profit for the fiscal year ending March 2025 was reported at ₹73,440 Cr, marking a significant increase from ₹46,149 Cr in the previous year. The bank’s earnings per share (EPS) also demonstrated positive momentum, rising to ₹92.81 in March 2025 from ₹82.64 in March 2023. Despite challenges, the return on equity (ROE) stood at 14.4%, while the return on capital employed (ROCE) was reported at 7.51%. However, the financing profit has shown volatility, declining sharply to -₹44,685 Cr in March 2024 from a profit of ₹29,932 Cr in March 2023. The net profit margin for March 2025 was reported at 21.83%, indicating an overall healthy profit generation capacity, despite fluctuating financing margins. The bank’s operational efficiency appears strong, but the decline in financing profit raises concerns about sustainable profitability.
Balance Sheet Strength and Financial Ratios
HDFC Bank’s balance sheet reflects strong financial health, with total assets reported at ₹4,392,110 Cr for March 2025, up from ₹2,530,432 Cr in March 2023. Reserves have significantly increased to ₹521,024 Cr, illustrating the bank’s capacity to absorb shocks and support growth initiatives. The bank’s borrowing stood at ₹634,606 Cr, down from ₹730,615 Cr in March 2024, which may indicate improved liquidity management. The price-to-earnings (P/E) ratio is recorded at 21.3, which is competitive within the sector but may suggest a premium valuation. The price-to-book value ratio stood at 2.68, indicating that investors are willing to pay a premium for the bank’s growth potential. The cost-to-income ratio increased to 61.53%, reflecting rising operational costs, which could pressure profitability if not managed effectively. Overall, the bank’s financial ratios indicate a robust balance sheet, although rising costs may need careful monitoring.
Shareholding Pattern and Investor Confidence
The shareholding pattern of HDFC Bank reveals a diverse investor base, with foreign institutional investors (FIIs) holding 48.38% and domestic institutional investors (DIIs) holding 36.07% as of March 2025. This distribution highlights significant institutional confidence in the bank’s management and growth prospects. Notably, the promoter holding has dropped to 0%, indicating a complete exit, which may raise concerns among retail investors regarding the bank’s future direction. The total number of shareholders stood at 37,01,272, reflecting a broad ownership base. The public holding accounted for 15.33%, suggesting a stable retail presence. The investor sentiment appears cautiously optimistic, as evidenced by the steady institutional holdings, though the absence of promoter shares could be perceived negatively by the market, potentially affecting future stock performance.
Outlook, Risks, and Final Insight
Looking ahead, HDFC Bank’s outlook remains positive, bolstered by its strong revenue growth and solid balance sheet. However, risks persist, particularly related to the sharp decline in financing profit margins and the complete exit of promoters, which could create uncertainty. Additionally, rising operational costs, as indicated by the increasing cost-to-income ratio, pose a threat to maintaining profitability. The bank’s ability to manage its financing margins effectively and control costs will be critical for sustaining its growth trajectory. Should the bank successfully navigate these challenges, it could continue to capitalize on the growing demand for banking services in India. Conversely, failure to address these issues may dampen investor confidence and impact future performance. Overall, HDFC Bank’s resilience and strategic initiatives will be pivotal in determining its long-term success in a dynamic market environment.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of HDFC Bank Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Fino Payments Bank Ltd | 2,274 Cr. | 273 | 372/180 | 28.4 | 90.5 | 0.00 % | 6.64 % | 13.3 % | 10.0 |
| ESAF Small Finance Bank Ltd | 1,447 Cr. | 28.1 | 44.9/24.3 | 37.8 | 0.00 % | 4.28 % | 23.5 % | 10.0 | |
| Capital Small Finance Bank Ltd | 1,227 Cr. | 269 | 331/250 | 9.08 | 307 | 1.49 % | 7.04 % | 10.4 % | 10.0 |
| Yes Bank Ltd | 71,284 Cr. | 22.7 | 24.3/16.0 | 25.1 | 15.7 | 0.00 % | 6.36 % | 5.46 % | 2.00 |
| Ujjivan Small Finance Bank Ltd | 10,030 Cr. | 51.7 | 54.6/30.8 | 24.1 | 32.2 | 0.00 % | 8.53 % | 12.4 % | 10.0 |
| Industry Average | 160,156.17 Cr | 408.74 | 18.30 | 239.88 | 0.61% | 6.84% | 11.80% | 6.48 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37,274 | 40,930 | 45,002 | 47,548 | 51,168 | 75,039 | 78,008 | 79,434 | 81,546 | 83,002 | 85,040 | 86,779 | 87,372 |
| Interest | 16,358 | 18,311 | 20,505 | 22,606 | 25,955 | 41,250 | 43,242 | 43,692 | 44,580 | 45,414 | 46,914 | 46,986 | 47,709 |
| Expenses | 15,021 | 15,915 | 16,682 | 17,770 | 18,470 | 45,349 | 50,530 | 62,938 | 49,690 | 52,074 | 41,307 | 47,709 | 64,497 |
| Financing Profit | 5,895 | 6,704 | 7,815 | 7,172 | 6,744 | -11,560 | -15,764 | -27,196 | -12,723 | -14,487 | -3,181 | -7,916 | -24,833 |
| Financing Margin % | 16% | 16% | 17% | 15% | 13% | -15% | -20% | -34% | -16% | -17% | -4% | -9% | -28% |
| Other Income | 6,929 | 8,252 | 9,121 | 9,610 | 9,853 | 32,528 | 37,007 | 44,958 | 35,450 | 38,455 | 27,154 | 33,489 | 45,683 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 12,823 | 14,956 | 16,936 | 16,783 | 16,597 | 20,967 | 21,243 | 17,761 | 22,727 | 23,968 | 23,973 | 25,573 | 20,850 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 17% | 17% | -1% | 24% | 22% | 24% | 25% | 18% |
| Net Profit | 9,617 | 11,163 | 12,735 | 12,634 | 12,403 | 17,312 | 17,718 | 18,013 | 17,188 | 18,627 | 18,340 | 19,285 | 17,090 |
| EPS in Rs | 17.25 | 19.97 | 22.77 | 22.57 | 22.12 | 22.17 | 22.73 | 23.20 | 21.65 | 23.36 | 23.09 | 24.61 | 21.20 |
| Gross NPA % | |||||||||||||
| Net NPA % |
Last Updated: August 2, 2025, 1:15 am
Below is a detailed analysis of the quarterly data for HDFC Bank Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Interest, as of Jun 2025, the value is 47,709.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 46,986.00 Cr. (Mar 2025) to 47,709.00 Cr., marking an increase of 723.00 Cr..
- For Expenses, as of Jun 2025, the value is 64,497.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 47,709.00 Cr. (Mar 2025) to 64,497.00 Cr., marking an increase of 16,788.00 Cr..
- For Other Income, as of Jun 2025, the value is 45,683.00 Cr.. The value appears strong and on an upward trend. It has increased from 33,489.00 Cr. (Mar 2025) to 45,683.00 Cr., marking an increase of 12,194.00 Cr..
- For Depreciation, as of Jun 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 Profit before tax, as of Jun 2025, the value is 20,850.00 Cr.. The value appears to be declining and may need further review. It has decreased from 25,573.00 Cr. (Mar 2025) to 20,850.00 Cr., marking a decrease of 4,723.00 Cr..
- For Tax %, as of Jun 2025, the value is 18.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Mar 2025) to 18.00%, marking a decrease of 7.00%.
- For Net Profit, as of Jun 2025, the value is 17,090.00 Cr.. The value appears to be declining and may need further review. It has decreased from 19,285.00 Cr. (Mar 2025) to 17,090.00 Cr., marking a decrease of 2,195.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 21.20. The value appears to be declining and may need further review. It has decreased from 24.61 (Mar 2025) to 21.20, marking a decrease of 3.41.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:50 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 | 342,193 |
| 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 | 187,023 |
| 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 | 205,587 |
| 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 | -50,417 |
| Financing Margin % | 13% | 14% | 14% | 16% | 16% | 16% | 12% | 13% | 15% | 18% | -16% | -10% | -15% |
| 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 | 144,781 |
| 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 | 94,365 |
| 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 | 73,343 |
| 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 | 46.13 |
| 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: November 9, 2025, 1:30 pm
| 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 - No data available for this post.
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 |
|---|---|---|---|---|---|---|
| SBI Nifty 50 ETF | 139,105,182 | 11 | 22770.13 | 139,105,182 | 2025-04-22 16:48:44 | 0% |
| SBI BSE Sensex ETF | 99,500,805 | 12.99 | 16247.98 | 99,500,805 | 2025-04-22 16:48:44 | 0% |
| UTI Nifty 50 ETF | 40,346,061 | 11 | 6604.25 | 40,346,061 | 2025-04-22 16:48:44 | 0% |
| Parag Parikh Flexi Cap Fund | 38,252,754 | 7.98 | 6261.59 | 38,252,754 | 2025-04-22 16:48:44 | 0% |
| UTI BSE Sensex ETF | 36,797,678 | 12.99 | 6008.88 | 36,797,678 | 2025-04-22 16:48:44 | 0% |
| HDFC Flexi Cap Fund - Regular Plan | 35,500,000 | 9.32 | 5735.91 | 35,500,000 | 2025-04-22 16:48:44 | 0% |
| HDFC Balanced Advantage Fund - Regular Plan | 33,564,751 | 5.77 | 5423.22 | 33,564,751 | 2025-04-22 16:48:44 | 0% |
| ICICI Prudential Value Discovery Fund | 28,860,121 | 9.42 | 4724.11 | 28,860,121 | 2025-04-22 16:48:44 | 0% |
| SBI Blue Chip Fund | 24,450,000 | 7.75 | 4002.22 | 24,450,000 | 2025-04-22 16:48:44 | 0% |
| Mirae Asset Large Cap Fund | 22,909,966 | 9.02 | 3750.13 | 22,909,966 | 2025-04-22 16:48:44 | 0% |
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
Unable to fetch valid data for stock valuation.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: 20.9 (Industry average Stock P/E: 18.3)
- 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%
FAQ
What is the intrinsic value of HDFC Bank Ltd?
HDFC Bank Ltd's intrinsic value (as of 10 November 2025) is 854.56 which is 13.15% lower the current market price of 984.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 15,12,911 Cr. market cap, FY2025-2026 high/low of 1,020/812, 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 15,12,911 Cr..
What is the current Stock Price of HDFC Bank Ltd as on 10 November 2025?
The current stock price of HDFC Bank Ltd as on 10 November 2025 is 984.
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 1,020/812.
What is the Stock P/E of HDFC Bank Ltd?
The Stock P/E of HDFC Bank Ltd is 20.9.
What is the Book Value of HDFC Bank Ltd?
The Book Value of HDFC Bank Ltd is 351.
What is the Dividend Yield of HDFC Bank Ltd?
The Dividend Yield of HDFC Bank Ltd is 1.12 %.
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).