HDFCBANK.NS — HDFC Bank Limited

Generated 2026-06-10 22:22

Quarterly Verdict

🔴 43/100

Avoid for now

Quality grade F; 3 improving / 2 weakening metrics this quarter.

➖ Pricing power (gross margin): Gross margin 0% — thin margins
➕ Non-cyclical (beta): Beta 0.43 — low volatility vs market
➖ Buyback efficiency (net share-count Δ): Shares outstanding +101.4% YoY — dilution — share count rising
➖ Revenue -10.4% vs last quarter
➕ Net income +5.6% vs last quarter
➕ Free cash flow +16.6% vs last quarter
➖ Cash -33.4% vs last quarter
➕ Debt -18.2% vs last quarter

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Valuation

Analyst consensus
UndervaluedFairOvervalued
Target ₹1,039.79 · Price ₹746.85 · +28% margin of safety · 39 analysts · range ₹890.00–₹1,360.00

Outside circle of competence — analyst targets only. Not financial advice.

Key Trends (6-yr)

GAAP EPS
Sales
Shares Outstanding

Quality Scorecard

F38/100
Pricing power (gross margin) 0% Gross margin 0% — thin margins
Free cash flow yield data unavailable
Leverage (net debt / EBITDA) data unavailable
Non-cyclical (beta) 0.43 Beta 0.43 — low volatility vs market
Recurring revenue no recurring-revenue tag (add to watchlist.json / company_meta.json)
🟡 Returns capital to shareholders yes dividend ~1.8%; shares +101.4%/yr
Buyback efficiency (net share-count Δ) +101.4%/yr Shares outstanding +101.4% YoY — dilution — share count rising

Compounder checklist (proxy metrics from yfinance). 4 of 7 criteria scored. Not financial advice.

Company Overview

Basic Information

Company Name: HDFC Bank Limited
Symbol: HDFCBANK.NS
Exchange: NSI
Sector: Financial Services
Industry: Banks - Regional

Company Details

Country: India
City: Mumbai
Employees: 211,178
Market Cap: ₹11.50T

Business Description

HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance Business, and Other segments. It offers savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits. The company also provides personal, home, car, two-wheeler, business, doctor, educational, gold, consumer, and rural loans; loans against properties, securities, mutual funds, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment, commercial vehicle finance, dealer finance, and term loans. In addition, it offers credit, debit, prepaid, forex, and kisan gold cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; and insurance and investment products. Further, the company provides short term finance, bill discounting, structured finance, export credit, loan repayment, custodial, and documents collection services; online, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services; and financial solutions for supply chain partners and agricultural customers. It operates branches and automated teller machines in various cities/towns. The company was incorporated in 1994 and is headquartered in Mumbai, India.

Key Metrics

Price & Valuation

Current Price
₹746.85
Market Cap
₹11.50T
P/E Ratio
16.66
Forward P/E
11.89
PEG Ratio
0.89
Price to Book
1.96

Profitability

Profit Margin: 26.83%
Operating Margin: 40.54%
Gross Margin: 0.00%
Return on Equity (ROE): 13.82%
Return on Assets (ROA): 1.70%
Revenue Growth: -1.80%

Financial Health

Current Ratio: N/A
Quick Ratio: N/A
Debt to Equity: N/A
Total Debt: ₹5.88T
Total Cash: ₹3.12T
Beta: 0.43

Trading & Analyst Info

52-Week Range

52-Week High: ₹1.02K
52-Week Low: ₹726.65
50-Day Average: ₹773.39
200-Day Average: ₹902.15

Analyst Recommendations

Recommendation: STRONG_BUY
Target Mean Price: ₹1.04K
Target High: ₹1.36K
Target Low: ₹890.00

Price History

Financial Statements

Income Statement (Annual)

Item2025-03-312024-03-312023-03-312022-03-31
Tax Effect Of Unusual Items₹0.00₹0.00₹0.00₹0.00
Tax Rate For Calcs₹0.20₹0.11₹0.25₹0.26
Total Unusual ItemsN/A₹0.00N/AN/A
Total Unusual Items Excluding GoodwillN/A₹0.00N/AN/A
Net Income From Continuing Operation Net Minority Interest₹673.51B₹622.66B₹495.45B₹386.00B
Reconciled Depreciation₹63.02B₹52.35B₹23.49B₹16.82B
Net Interest Income₹1.40T₹1.25T₹913.99B₹748.84B
Interest Expense₹1.82T₹1.53T₹775.54B₹584.30B
Interest Income₹3.23T₹2.78T₹1.69T₹1.33T
Normalized Income₹673.51B₹622.66B₹495.45B₹386.00B
Net Income From Continuing And Discontinued Operation₹673.51B₹622.66B₹495.45B₹386.00B
Diluted Average Shares₹15.32B₹7.11B₹5.59B₹5.56B
Basic Average Shares₹15.26B₹14.16B₹11.13B₹11.07B
Diluted EPS₹44.81₹44.16₹44.34₹34.69
Basic EPS₹45.01₹44.33₹44.51₹34.88

Showing 15 of 41 rows

Balance Sheet (Annual)

Item2025-03-312024-03-312023-03-312022-03-31
Treasury Shares Number₹34.14K₹24.07KN/AN/A
Ordinary Shares Number₹15.30B₹15.19B₹11.16B₹11.09B
Share Issued₹15.30B₹15.19B₹11.16B₹11.09B
Net Debt₹3.95T₹4.54T₹690.21B₹509.28B
Total Debt₹7.33T₹8.09T₹3.15T₹2.19T
Tangible Book Value₹4.68T₹3.92T₹2.84T₹2.43T
Invested Capital₹14.85T₹14.91T₹5.97T₹4.61T
Net Tangible Assets₹4.68T₹3.92T₹2.84T₹2.43T
Capital Lease Obligations₹153.93B₹131.04B₹97.66B₹78.14B
Common Stock Equity₹7.68T₹6.95T₹2.91T₹2.50T
Total Capitalization₹13.54T₹13.60T₹4.88T₹4.06T
Total Equity Gross Minority Interest₹8.62T₹7.89T₹2.92T₹2.51T
Minority Interest₹946.00B₹938.86B₹5.64B₹4.62B
Stockholders Equity₹7.68T₹6.95T₹2.91T₹2.50T
Other Equity InterestN/A₹26.53BN/AN/A

Showing 15 of 59 rows

Cash Flow Statement (Annual)

Item2025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹1.13T₹968.48B₹433.58B₹554.69B
Repurchase Of Capital StockN/A₹-2.30BN/AN/A
Repayment Of Debt₹-1.46T₹-1.40T₹-558.11B₹-353.33B
Issuance Of Debt₹661.23B₹1.16T₹1.02T₹722.91B
Issuance Of Capital StockN/A₹76.00BN/AN/A
Capital Expenditure₹-66.40B₹-53.84B₹-43.62B₹-26.32B
Interest Paid Supplemental Data₹1.80T₹1.41T₹745.49B₹579.85B
Income Tax Paid Supplemental Data₹195.41B₹199.75B₹163.67B₹148.38B
End Cash Position₹1.98T₹2.09T₹1.39T₹1.12T
Other Cash Adjustment Outside Changein CashN/A₹111.82BN/AN/A
Beginning Cash Position₹2.09T₹1.39T₹1.12T₹930.69B
Effect Of Exchange Rate Changes₹-2.01B₹1.54B₹7.04B₹490.50M
Changes In Cash₹-101.09B₹697.10B₹258.33B₹190.85B
Financing Cash Flow₹2.42T₹3.35T₹4.17T₹2.91T
Cash Flow From Continuing Financing Activities₹2.42T₹3.35T₹4.17T₹2.91T

Showing 15 of 66 rows

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