HDFCBANKFinancial Services

HDFC Bank Limited

Private Sector Bank · ISIN INE040A01034 · BSE 500180 · NSE EQ · FV ₹1
Last price
₹713
-1.18%today
What this company does

HDFC Bank Limited operates in Private Sector Bank, part of the Financial Services sector. It booked ₹90,575 cr of revenue in its latest quarter (Q1 FY27) and kept 22.5% of sales as profit. It is the largest of 9 Private Sector Bank companies we track, by market value.

68out of 100
Equitytale Health Score
Solid

Healthier than 68% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Cash quality89

Whether reported profit actually arrives as cash

Valuation51

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 23% net margin
Profit up 19% vs last year
No promoter shares pledged
Watch-outs
! Carries high debt (D/E 1.0)
! Operating cash flow is negative

What if I invest in HDFCBANK?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹713 -1.18%
latest close · 2026-09-17
1-year return
-8.3%
52-wk low ₹63652-wk high ₹863
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.3Low
LowAverageHigh
P/B ratio1.89Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.0%Fair
WeakFairStrong ▸15%
Net margin22.5%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.01High
LowModerateHigh ▸1
More figures
Market cap
₹10.98 L cr
Book value
₹378
EPS
₹12.50
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.7%
Earnings yield
7.01%
P/S
3.03
Sales / share
₹235.2
Tax rate
25.0%
Face value
₹1
Shares
1,540.1 cr
Working capital
Current assets
Current liabilities
Delivery %
57.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹550 vs market price ₹713 — price is 30% above it
Safety cushion-29.7%(target ≥ +20%)
Models span ₹519₹580, midpoint ₹550
Model ₹550
Price ₹713
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Interest Earned₹90,575 cr
Other Income₹42,535 cr
Total Income₹1.33 L cr
Interest Expended₹47,626 cr
Employee Cost₹9,342 cr
Other Operating Expenses₹45,146 cr
Total Expenditure₹1.02 L cr
Operating Profit before Provisions₹30,996 cr
Provisions & Contingencies₹3,803 cr
Profit before Tax₹27,193 cr
Tax Expense₹6,810 cr
Net Profit₹20,383 cr
Net margin on total income15.3%
Where the money goes

Not enough income-statement detail filed to break this down yet.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue87,067 cr87,183 cr90,575 cr
Total income1.27 L cr1.17 L cr1.33 L cr
Expenses
Profit before tax26,961 cr26,948 cr27,193 cr
Tax6,270 cr6,597 cr6,810 cr
Net profit (owners' share)20,691 cr20,351 cr20,383 cr
Net margin (owners' share, on revenue)23.8%23.3%22.5%
EPS (₹)12.8813.2212.50
YoY (latest quarter): total income +0.0% · net profit +19.3%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹49.08 L cr
Shareholder equity
₹5.82 L cr
parent shareholders
Borrowings
₹5.88 L cr
excl. customer deposits
Cash
Cash flow · H1 FY26
Operating
₹-32,053 cr
Investing
₹8,552 cr
Financing
₹-49,774 cr

Lender caveat: a bank's operating cash swings with deposits and lending — this is loan-book activity, not distress.

Peer comparison
Private Sector Bank · by market value
CompanyPriceMarket capP/E
HDFC Bank Limitedthis company₹713₹10.98 L cr14.3
ICICI Bank Limited₹1,348₹9.67 L cr15.6
Kotak Mahindra Bank Limited₹417₹4.14 L cr18.9
Axis Bank Limited₹1,240₹3.86 L cr12.6
IDBI Bank Limited₹82₹88,051 cr10.3
The Federal Bank Limited₹333₹82,124 cr16.3
IndusInd Bank Limited₹958₹74,656 cr18.0
IDFC First Bank Limited₹86₹74,371 cr16.2
Yes Bank Limited₹23₹72,598 cr17.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.82%
trailing 12 months
Dividend / share (TTM)
₹13
Last dividend
₹13
ex 19 Jun 2026
ActionDetailEx-date
Dividend₹13 / share19 Jun 2026
Bonus issue1:126 Aug 2025
Dividend₹5 / share25 Jul 2025
Dividend₹22 / share27 Jun 2025
Dividend₹19.5 / share10 May 2024
Dividend₹19 / share16 May 2023
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
41.8%
DII / Domestic
41.9%
Retail / others
16.3%
Smart-money activity
Insider trades
SoldCHAKRAPANI VENKATACHARI · Other17,500 · ₹3.1 cr24 Mar 25
SoldAnita Iyer · Other1,000 · ₹17.9 L24 Mar 25
SoldLopa Ruparel · Other2,000 · ₹35.9 L24 Mar 25
Bulk / block deals
short · NSE1216 Sep 26
short · NSE1515 Sep 26
short · NSE109 Sep 26
Stake changes
SoldSBICAP Trustee Company Limited→ 0.00% · 2.52 L27 Mar 26
BoughtSBICAP Trustee Company ltd→ 0.00% · 1.26 L29 Aug 25
BoughtSBICAP Trustee Company ltd→ 0.00% · 1.26 L29 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 13 Mar 2026
See the official result
1
To approve Material Related Party Transactions with HDB Financial Services Limited
Backed by 100% of shareholders other than promotersneeded 50%
1038.72 cr votes for, 3.76 cr against · 0% of mutual funds and other big investors said no
2
To approve Material Related Party Transactions with HDFC Securities Limited
Backed by 100% of shareholders other than promotersneeded 50%
1042.27 cr votes for, 21.18 L against · 0% of mutual funds and other big investors said no
3
To approve Material Related Party Transactions with HDFC Life Insurance Company
Backed by 100% of shareholders other than promotersneeded 50%
1038.61 cr votes for, 3.87 cr against · 0% of mutual funds and other big investors said no
4
To approve Material Related Party Transactions with HDFC ERGO General Insurance
Backed by 100% of shareholders other than promotersneeded 50%
1038.60 cr votes for, 3.88 cr against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.