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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of HDFC Bank Ltd

About the Company - HDFC Bank Ltd

HDFC Bank Ltd. is a Public Limited Listed company incorporated on 30/08/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65920MH1994PLC080618 and registration number is 080618. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 127753.12 Cr. and Equity Capital is Rs. 554.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorHDFC Bank House, Mumbai Maharashtra 400013shareholder.grievances@hdfcbank.com
http://www.hdfcbank.com
Management
NamePosition Held
Mr. Atanu ChakrabortyPart Time Chairman & Independent Director
Mr. Sashidhar JagdishanManaging Director & CEO
Mr. Kaizad BharuchaDeputy Managing Director
Mr. Keki MistryNon Exe.Non Ind.Director
Mrs. Renu KarnadNon Exe.Non Ind.Director
Mr. Sanjiv SacharIndependent Director
Mr. M D RanganathIndependent Director
Mr. Umesh Chandra SarangiIndependent Director
Mr. Sandeep ParekhIndependent Director
Ms. Sunita MaheshwariIndependent Director
Mrs. Lily VaderaIndependent Director
Mr. Bhavesh ZaveriExecutive Director

HDFC Bank Ltd. Share Price Update

Share PriceValue
Today₹1,390.55
Previous Day₹1,403.20

Basic Stock Data of HDFC Bank Ltd

Market Cap 10,78,493 Cr.
Current Price 1,420
High / Low1,758/1,363
Stock P/E15.9
Book Value 519
Dividend Yield1.34 %
ROCE6.24 %
ROE17.1 %
Face Value 1.00

Data Source: screener.in

HDFC Bank Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue31,74231,85232,60732,25433,52034,58835,57437,27440,93045,00247,54851,16875,039
Interest15,03314,52314,08314,21814,41514,72415,22716,35818,31120,50522,60625,95541,250
Expenses13,02813,50315,56114,07314,69814,42315,04415,02115,91516,68217,77018,47045,349
Financing Profit3,6823,8262,9633,9624,4085,4415,3045,8956,7047,8157,1726,744-11,560
Financing Margin %12%12%9%12%13%16%15%16%16%17%15%13%-15%
Other Income6,6967,9878,3036,6807,9168,7778,3866,9298,2529,1219,6109,85332,528
Depreciation0000000000000
Profit before tax10,37811,81311,26610,64212,32414,21813,69012,82314,95616,93616,78316,59720,967
Tax %26%26%25%25%26%25%23%25%25%25%25%25%17%
Net Profit7,7118,7608,4447,9409,12010,61610,4759,61711,16312,73512,63412,40317,312
EPS in Rs14.0015.9215.3014.3316.4319.1118.8317.2519.9722.7722.5722.1222.17
Gross NPA %
Net NPA %

HDFC Bank Ltd Quarterly Chart

HDFC Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue28,19335,86142,55550,66663,16273,27185,288105,161122,189128,552135,936170,754218,758
Interest15,10619,69523,44527,28834,07038,04242,38153,71362,13759,24858,58477,780110,316
Expenses10,85812,63113,50816,16420,05523,85629,53234,85645,45952,45756,55763,04298,271
Financing Profit2,2293,5345,6027,2149,03711,37413,37416,59214,59316,84820,79529,93210,171
Financing Margin %8%10%13%14%14%16%16%16%12%13%15%18%5%
Other Income5,9927,1338,2989,54611,21212,90516,05718,94724,87927,33331,75933,91261,112
Depreciation5546636896807388869671,2211,2771,3851,6812,3450
Profit before tax7,66710,00413,21116,07919,51123,39328,46434,31838,19542,79650,87361,49871,283
Tax %31%31%34%33%34%35%35%35%29%26%25%25%
Net Profit5,2776,9038,76810,70312,82115,31718,56122,44627,29631,85738,15146,14955,085
EPS in Rs11.1814.4418.2221.3225.3229.8135.6641.0049.7057.7468.6282.4489.63
Dividend Payout %19%19%19%19%19%18%18%18%5%11%23%23%

HDFC Bank Ltd Profit & Loss Yearly Chart

HDFC Bank Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:15%
3 Years:12%
TTM:59%
Compounded Profit Growth
10 Years:21%
5 Years:20%
3 Years:19%
TTM:35%
Stock Price CAGR
10 Years:16%
5 Years:6%
3 Years:-4%
1 Year:-14%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:17%
Last Year:17%

HDFC Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital469476480501506513519545548551555558
Reserves29,74136,16743,68762,65373,79891,281109,080153,128175,810209,259246,772288,880
Borrowings272,874335,588416,677509,762649,587741,550944,8171,080,2351,333,0411,511,4181,784,9702,139,212
Other Liabilities37,97135,49242,77634,18138,32159,00048,77058,89871,43078,27990,639101,783
Total Liabilities341,055407,723503,620607,097762,212892,3441,103,1861,292,8061,580,8301,799,5072,122,9342,530,432
Fixed Assets2,3782,7733,0263,2253,6674,0004,0084,3694,7765,2486,4328,431
CWIP-0-0-0-0-0-0-0-0-0-0-0-0
Investments96,795110,960119,571149,454193,634210,777238,461289,446389,305438,823449,264511,582
Other Assets241,882293,989381,023454,417564,912677,567860,717998,9911,186,7501,355,4351,667,2382,010,419
Total Assets341,055407,723503,620607,097762,212892,3441,103,1861,292,8061,580,8301,799,5072,122,9342,530,432

HDFC Bank Ltd Reserves and Borrowings Chart

HDFC Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -19,381-5,8474,211-21,281-34,43517,28217,214-62,872-16,86942,476-11,96020,814
Cash from Investing Activity -662-902-1,099-800-837-1,146-842-1,503-1,403-1,823-2,051-2,992
Cash from Financing Activity 11,38013,1059,27018,69437,815-5,89357,37823,13124,394-7,32148,12423,941
Net Cash Flow-8,6636,35612,382-3,3872,54210,24273,750-41,2446,12233,33234,11341,762

HDFC Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %19%21%22%20%19%18%18%17%16%16%17%17%

HDFC Bank Ltd Financial Efficiency Indicators Chart

HDFC Bank Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters26.00%25.97%25.89%25.83%25.80%25.78%25.73%25.64%25.60%25.59%25.52%0.00%
FIIs39.35%39.79%39.39%38.23%37.47%35.62%32.31%32.14%32.10%32.24%33.38%52.13%
DIIs21.47%20.99%21.46%22.53%22.97%24.55%27.11%27.53%28.13%28.09%26.75%30.39%
Government0.24%0.24%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.17%
Public12.95%13.01%13.10%13.25%13.60%13.89%14.69%14.51%13.99%13.91%14.19%17.30%
No. of Shareholders12,86,35713,75,29415,22,68715,98,81318,88,27621,51,63026,60,57725,20,91123,03,29122,90,09223,45,67230,58,659

HDFC Bank Ltd Shareholding Pattern Chart

No. of HDFC Bank Ltd Shareholders

HDFC Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Nifty 50 ETF13927192513.2320563.5
SBI S&P BSE Sensex ETF9869721115.3114574.62
SBI Equity Hybrid Fund289999007.224281.84
HDFC Balanced Advantage Fund - Regular Plan271946516.284015.29
SBI Blue Chip Fund253000009.683735.55
HDFC Flexi Cap Fund - Regular Plan246000009.223632.19
Parag Parikh Flexi Cap Fund234898197.883468.27
Mirae Asset Large Cap Fund231951589.963424.77
Axis Bluechip Fund182860008.782699.93
SBI Focused Equity Fund177000008.912613.41

HDFC Bank Ltd ROCE Trend

HDFC Bank Ltd EPS Trend

HDFC Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value1.001.001.001.002.00
Basic EPS (Rs.)82.6468.7757.8849.8483.33
Diluted EPS (Rs.)82.2768.3157.6149.4682.51
Cash EPS (Rs.)86.9171.8360.3052.1186.90
Book Value[Excl.RevalReserv]/Share (Rs.)518.73445.99380.59321.63564.29
Book Value[Incl.RevalReserv]/Share (Rs.)518.73445.99380.59321.63564.29
Operating Revenue / Share (Rs.)306.03245.13233.19222.84386.15
Net Profit / Share (Rs.)82.7168.8057.7949.7882.42
Net Profit After MI / Share (Rs.)82.4468.6257.7449.7082.00
Net Profit Margin (%)27.0228.0624.7822.3321.34
Net Profit After MI And SOA Nargin (%)26.9327.9924.7622.3021.23
Operating Profit Margin (%)7.164.703.511.973.32
Return On Assets (%)1.811.791.761.721.72
Return On Equity / Networth (%)15.8915.3815.1715.4514.53
Net Interest Margin (X)3.673.643.853.793.97
Cost To Income (%)39.4442.3141.5539.1838.63
Interest Income / Total Assets (%)6.746.407.147.728.13
Non-Interest Income / Total Assets (%)1.341.491.511.571.46
Operating Profit / Total Assets (%)0.480.300.250.150.27
Operating Expenses / Total Assets (%)2.031.891.942.082.14
Interest Expenses / Total Assets (%)3.072.753.293.934.15
Enterprise Value (Rs.Cr.)2920214.842470099.592237407.931733489.711664284.82
EV Per Net Sales (X)17.1018.1717.4014.1915.83
Price To Book Value (X)3.103.303.922.684.11
Price To Sales (X)5.266.006.403.876.00
Retention Ratios (%)100.00100.00100.0093.9581.85
Earnings Yield (X)0.050.040.030.050.03

HDFC Bank Ltd Profitability Ratios (%)

HDFC Bank Ltd Liquidity Ratios

HDFC Bank Ltd Liquidity Ratios (%)

HDFC Bank Ltd Interest Coverage Ratios (%)

HDFC Bank Ltd Valuation Ratios

Fair Value of HDFC Bank Ltd Stock

Fair Value: ₹1430.02

The stock is undervalued by 0.71% compared to the current price ₹1420

*Investments are subject to market risks

Strength and Weakness of HDFC Bank Ltd Stock

Unable to fetch valid data for stock valuation.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HDFC Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE