HDFC Bank Limited

₹788.25As of Sun 8 Nov 2026, 12:00 UTC

NSE:HDFCBANKFinancials

Country India

PE (Fwd) •••

TSR 10Y CAGR 10.25%

Div yield 1.65%

ROTE 13.16%

Banks (Regional)

Beta (5Y) 0.40

PE TTM 15.19

TSR TTM (21.75%)

Mkt cap ₹12.16T

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

₹1,024

29.95%

261.93%

Hold 9|10|8|12|8

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

1,837

Revenue₹B

2,628

2,676

2,780

2,840

2,886

3,013

3,016

3,071

3,103

3,113

2,033

1.52%

1.75%

20.05

Revenue growth%

23.81

23.18

25.11

25.87

24.94

27.83

25.39

23.24

25.27

25.06

9.62

25.27

25.08

8.98

NIM%

23.08

21.05

19.81

17.56

18.84

21.15

21.26

20.37

23.08

24.03

13.81

21.26

21.10

15.68

Effic. R.%

4.80

6.29

3.97

3.95

6.83

4.90

4.03

6.82

9.42

11.20

5.09

6.82

5.60

11.43

Net margin%

25.76

27.07

26.86

27.35

24.40

23.46

26.05

24.73

23.06

23.98

20.58

23.98

25.25

33.18

P/E ratio (avg)x

40.01

39.90

45.86

45.23

46.44

50.30

49.11

50.39

55.44

59.24

11.79

50.39

47.77

16.20

P/TBVx

30.49

35.02

37.85

38.63

44.89

43.98

46.87

48.19

54.07

35.67

46.87

41.31

37.33

P/Bx

19.15

17.58

18.67

19.70

18.27

17.96

18.00

17.67

17.47

17.72

10.85

17.72

17.98

521.2

NII₹B

1,935

1,949

1,999

2,096

2,129

2,176

2,187

2,253

2,261

2,248

936.1

1.09%

1.64%

—

19.85

NII grth%

6.44

9.31

8.99

11.89

14.47

13.25

14.42

11.66

13.15

14.10

20.24

13.25

12.52

5.38

ROTE%

14.16

16.89

18.03

17.50

14.78

15.81

12.83

13.86

16.43

14.32

12.17

14.32

15.30

24.92

Return on equity%

13.95

14.95

15.15

13.50

10.65

13.04

12.76

15.55

18.02

18.50

2.38

15.55

14.45

13.15

Return on assets%

2.14

4.72

4.06

4.45

4.27

4.68

2.87

5.37

5.36

7.12

13.82

5.36

4.57

96.19

EPS₹

76.91

92.06

103.53

110.09

113.17

126.43

139.47

159.70

163.93

173.18

102.86

8.88%

9.97%

—

3.06

EPS growth%

21.00

19.56

18.90

19.96

17.39

14.75

15.94

17.98

20.70

19.53

5.32

17.98

19.22

17.32

Bookvalue per sh₹

97.40

105.60

100.35

105.80

104.79

122.18

127.14

137.52

158.48

170.69

48.96

10.25%

7.24%

—

72.20

TBV/sh₹

69.90

78.31

82.75

96.42

101.72

103.46

103.47

107.83

101.44

110.15

84.99

1.61%

6.16%

—

76.92

Dividend per sh₹

49.55

47.32

47.08

40.91

44.00

39.53

41.22

43.38

45.62

38.60

17.77

(2.59%)

(2.82%)

—

29.53

Div yield (avg)%

22.01

19.04

18.62

18.30

20.52

23.50

26.36

26.89

25.53

26.35

16.81

26.35

22.75

7.83

Payout ratio%

9.93

7.94

9.70

12.55

11.37

9.35

10.10

12.41

11.53

13.09

11.23

11.53

10.74

15.30

Shares (diluted)B

16.57

14.81

15.41

14.00

13.65

12.73

13.63

14.07

14.86

14.60

14.98

1.36%

(2.46%)

9.83

Buyback yield%

15.34

14.82

15.77

12.92

12.82

14.61

11.70

13.98

16.52

15.51

17.07

14.61

14.72

50.47

Eq/Assets%

253.13

291.25

333.69

376.57

447.43

542.43

539.76

559.70

652.87

768.10

126.55

559.70

493.60

2,717

Assets₹B

11,639

12,123

13,016

14,294

15,813

16,968

18,094

19,131

20,432

22,332

3,304

7.15%

7.61%

3,570

LT debt₹B

3,012

2,873

2,860

3,195

3,055

3,076

3,398

3,356

3,296

3,395

3,083

2.14%

1.85%

Peers (US$129.5B)

Cap (US$)

ICICI Bank Limited

120.1B

19.30x

State Bank of India

100.1B

10.40x

Kotak Mahindra Bank…

50.84B

22.24x

UniCredit S.p.A.

129.2B

10.91x

Capital

TTM

10Y

Tang eq%

75.03

14.71

17.04

LT debt%

131.41

17.54

19.05

Cash%

107.13

9.91

9.87

Sh yield%

39.35

40.87

37.70

Owners

Insiders/Inst%

11.41

46.07

Short interest%

5.80

SBC / revenue%

0.86

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

11–19

$1 testx

0.0

Incr. ROIC%

—

HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. It offers deposit accounts, retail and business loans, working capital and trade finance, credit and debit cards, payment, remittance and cash management services, insurance and investment products, and online and mobile banking through branches and automated teller machines.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

₹22.33T

7.61%

1.75×

Revenue

₹3.113T

1.75%

1.00×

Non-interest expense

₹1.533T

1.69%

0.99×