HDFC Bank Limited HDB

Growth Flags show if company had growth for consecutive years

We limit data available in the Overview Report for users who do not have Powerpack

Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

Total sells 0.27
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell 1 2 1
Insider Ownership 0.04%

Capital & Financial Ratios

Market Cap 119,720.00
Revenue 44,967.76
Net Income 7,748.90
Free Cash Flow 34,160.11
Net Debt (167,234.50)
Current Ratio 0.42
Debt/Equity 0.00
P/E ratio 15.80
P/S ratio 2.67
P/B ratio 1.80
Past 5Y EPS Growth 9.29%
This Y EPS Growth 10.02%
Next Y EPS Growth 16.42%
Next 5Y EPS Growth 14.35%
in millions of $

Dividends

Payout Ratio 0.17
Annual Dividend Rate 0.70
Annual Dividend Yield 1.30%
total individual payouts
2023 0.68
2022 0.58
2021 0.26
2019 0.32
2018 0.28
2017 0.26
2016 0.21
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 30,975 34,619 40,689 167,235
Receivables
Inventory
Other
349,974 367,357 374,510 167,235
2024 2025 2026 Q'26
Payables 285,196 317,347 330,403 335,737
ST’ Debt
Other
320,040 354,236 369,184 395,719
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Jun Sep Dec Mar Year
’26 14,110
’26 15,567 13,634 14,216 3,008 46,426
’25 14,040 14,453 13,239 7,372 49,104
’24 7,445 13,016 13,802 7,985 42,247
’23 5,746 6,148 6,603 5,604 24,102
’22 5,295 13,052 5,768 (2,977) 21,138
’21 2,791 5,189 5,418 3,665 20,904
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26
’26 11,921 (3,686) 11,921
’25 13,995 13,542 13,995
’24 12,267 (5,518) 12,267
’23 5,806 (8,434) 5,806
’22 7,658 5,247 7,658
’21 4,638 12,603
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26
’26 11,412 (3,815) 11,412
’25 13,230 13,334 13,230
’24 11,639 (5,721) 11,639
’23 5,281 (8,590) 5,281
’22 7,313 5,121 7,313
’21 4,540 12,362
in millions of $ · fiscal quarters ending in the months shown

EPS

Jun Sep Dec Mar Year
’26 0.40
’26 0.37 0.44 0.43 0.21 1.62
’25 0.39 0.43 0.41 0.31 1.64
’24 0.40 0.40 0.41 0.42 1.63
’23 0.33 0.38 0.42 0.41 1.54
’22 0.29 0.33 0.38 0.38 1.38
’21 0.17 0.28 0.32 0.21 1.17
fiscal quarters ending in the months shown

Target Price Range

High ‡‡‡‡‡ ‡‡‡‡
Average ‡‡‡‡‡ ‡‡‡‡‡
Low ‡‡‡‡‡ ‡‡‡‡

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell
Powerpack only forecast
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 25.31 27.98 26.08 28.89 21.77
Low Price
‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 36.10 35.88 34.25 39.81 36.73
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 141,579 173,222 213,527 214,521 211,178
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.15 0.14 0.20 0.23 0.22
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 21,137.60 24,101.50 42,247.00 49,104.20 46,425.50
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 63.57% 60.85% 56.43% 56.53% 57.29%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,842.60 8,058.90 8,465.00 10,084.50 10,007.60
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 32.37% 33.44% 20.04% 20.54% 21.56%
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5,095.40 6,037.80 7,531.10 8,035.90 7,748.90
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 365.50 447.40 878.30 1,171.90 1,226.80
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.73 6.50 8.95 9.66 9.07
Revenue/Sh
‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 1.39 1.55 1.64 1.65 1.62
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.08 1.56 2.60 2.75 2.33
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.09) (0.14) (0.13) (0.15) (0.10)
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.98 1.42 2.47 2.60 2.23
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.97 9.57 20.05 19.85 19.07
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3,688.74 3,710.41 4,719.53 5,085.09 5,119.15
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.14 21.72 17.15 21.61 17.14
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.35 5.13 3.14 3.44 2.74
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.42 3.48 1.40 1.67 1.30
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.39 5.19 4.31 4.14 3.05
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.56 13.70 69.72 6.26 4.15
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7,657.80 5,806.00 12,266.90 13,995.20 11,921.00
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (344.40) (525.50) (627.60) (765.70) (509.20)
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7,313.40 5,280.50 11,639.30 13,229.50 11,411.80
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (17,533.80) (19,051.50) 29,933.40 13,120.60 5,326.70
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 21,219.19 25,373.03 79,778.90 68,666.30 54,560.70
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 812.09 1,300.83 48,803.90 34,046.90 13,871.80
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 33,075.70 35,501.10 94,626.70 100,935.20 97,630.90
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.94% 2.04% 1.77% 1.44% 1.34%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.62% 13.69% 3.69% 4.67% 5.61%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 16.24% 17.58% 11.48% 8.06% 7.57%
ROE
predictions in italic, sparklines do not include predictions
Fiscal years to Mar 2026 · latest quarter Jun 2026

HDFC Bank Limited (HDB) Latest News

News by impact score

Fine-tune

22 Sep

3 GuruFocus.com, 11:50 AM

Microsoft opened a three-zone Hyderabad cloud region, its fourth India data-center footprint, designed for sovereign-cloud compliance and data residency while using minimal water for cooling. The facility is part of a broader $20.5 billion India investment program. Banks and digital platforms, including HDFC Bank, Adani Group, Bajaj Finserv, and PB Pay, are participating in early trials to run AI workloads locally rather than in distant regions. The Hyderabad region’s capacity, server count, and revenue targets remain undisclosed, making utilization the key metric for investors. By keeping workloads inside India, Microsoft seeks regulatory flexibility and lower dependence on remote regions, potentially making Azure harder to replace for mission-critical AI services. Shares traded around $496.91, with GuruFocus noting MSFT currently trades below its GF Value while capital continues to flow into India's fast-growing cloud ecosystem. Localized Azure deployments could moderately affect HDFC Bank's AI strategy and data-residency compliance, signaling a modest positive impact.

10 Sep

4 www.retailbankerinternational.com, 7:57 AM

NPCI and HDFC Bank partner to launch sovereign AI retail banking model in India. AI banking partnership represents major strategic technology move with potential to significantly shift HDFC competitive positioning.

31 Aug

4 , 10:19 PM

HDFC Bank stock hits 30-month low as CEO exit creates ongoing overhang and weighs on investor sentiment. CEO departure introduces leadership uncertainty that can alter strategic direction and investor sentiment for HDFC Bank.

19 Jul

3 , 9:01 PM

HDFC Bank Ltd reported strong deposit growth in Q1 2027 earnings call despite ongoing margin pressures. Quarterly deposit gains offset by margin pressure signal moderate effects on financial performance.

18 Jul

3 www.marketbeat.com, 8:02 AM

HDFC Bank Q1 earnings call highlights key financial results and operational updates for the quarter. Quarterly earnings highlights deliver updated financial metrics that moderately influence near-term stock sentiment and valuation.

13 Jul

3 www.retailbankerinternational.com, 6:00 AM

HDFC Bank Limited reduced headcount by more than 3,000 employees through automation initiatives aimed at streamlining operations. Workforce reduction via automation indicates moderate operational efficiency gains with limited long-term structural impact on overall performance.

12 Jul

3 beincrypto.com, 2:28 PM

HDFC Bank Limited lost over 3,000 employees to AI. AI workforce reduction points to operational efficiency shifts at HDFC Bank.

17 Jun

3 , 8:50 AM

HDFC Bank (HDB) shares declined after deposits missed expectations. Deposit shortfalls directly affect HDFC Bank's liquidity position and near-term growth outlook.

20 Apr

4 , 3:00 AM

HDFC Bank Ltd (HDB) Q4 2026 earnings call highlights strong deposit growth and strategic initiatives. Strong deposit growth and strategic initiatives signal major positive shifts in financial performance and market positioning for HDFC Bank.

18 Apr

4 www.marketbeat.com, 8:34 AM

HDFC Bank released Q4 earnings call highlights covering financial performance, loan growth, deposit mobilization, asset quality, and future outlook. Q4 earnings highlights detail financial results and strategic guidance with potential to significantly shape investor sentiment and stock trajectory.

31 Mar

3 www.retailbankerinternational.com, 8:11 AM

Former HDFC Bank chairman Atanu Chakraborty resigned citing serious concerns over the bank's values and ethics, highlighting internal governance issues that prompted his exit. Ex-chair's departure over ethics concerns could undermine investor trust and invite regulatory attention, moderately impacting sentiment and operations.

30 Mar

4 , 3:41 AM

HDFC Bank's chairman Atanu Chakraborty abruptly resigned after less than two years, citing personal reasons amid reports of internal tensions and delays in appointing a CEO for the merged entity, raising concerns over leadership stability at India's largest private lender. Sudden chairman exit amid leadership strains signals potential instability, likely eroding investor confidence and impacting market performance.

3 Reuters, 8:23 AM

HDFC Bank's former chairman told CNBC-TV18 that the bank delayed action on mis-selling AT-1 bonds. Former chairman's revelation of delayed response to AT-1 bond mis-selling raises risks of regulatory scrutiny and erodes short-term market sentiment.

26 Mar

4 Reuters, 9:45 PM

HDFC Bank Limited's chair resigned following a power struggle with the CEO, as reported by the Financial Times. Chair's resignation due to power struggle with CEO signals major internal leadership turmoil likely to erode investor confidence and alter market performance.

3 Reuters, 5:35 AM

India's regulator is reviewing HDFC Bank chairman's exit letter, sources say. Regulatory review of the chairman's exit raises governance concerns that could moderately affect investor sentiment and bank stability.

24 Mar

4 www.retailbankerinternational.com, 7:55 AM

India’s HDFC Bank will review its chairman's exit amid ethics concerns. Ethics probe into chairman's departure threatens governance stability and investor sentiment for the major lender.

19 Mar

4 Reuters, 3:00 AM

HDFC Bank's chairman has exited amid reports of a rift with management, causing the stock to fall. Chairman exit over management rift signals governance issues that erode investor confidence and could disrupt strategic direction.

3 Reuters, 12:17 AM

HDFC Bank's shares slumped sharply after its chairman resigned over ethical differences with management. Chairman's exit citing ethical issues triggered share slump and highlights potential governance risks affecting investor sentiment.

18 Mar

4 Reuters, 4:03 PM

HDFC Bank's part-time chairman has resigned, citing differences in values and ethics. Part-time chairman's resignation over values and ethics differences raises governance concerns that could significantly impact investor sentiment and market performance.

11 Mar

4 PR Newswire, 11:30 PM

Swiggy and HDFC Bank launched two new co-branded credit cards offering elevated rewards for everyday spending and travel, aiming to enhance user benefits and drive adoption. Launching two co-branded credit cards with Swiggy boosts HDFC's customer acquisition, credit card issuance, and fee-based revenues in a competitive market.

26 Feb

4 , 8:34 AM

Apple is in advanced talks to launch Apple Pay in India, with HDFC Bank positioned as a primary partner to enable the service for its customers. Apple Pay integration would drive substantial growth in HDFC Bank's digital transactions and strengthen its leadership in India's fintech sector.

4 Bloomberg, 3:39 AM

Apple is in talks with HDFC Bank and other Indian banks to launch its payment service in India. Negotiations with Apple for a payment service partnership could significantly expand HDFC Bank's digital transaction volumes and revenue streams in India's growing market.

4 , 1:35 AM

Apple is in talks with Indian banks including HDFC Bank to launch a payment service in India, per Bloomberg News. Apple's payment service talks with HDFC could significantly expand digital transaction volumes and strengthen its fintech position in India's massive payments market.

4 , 1:35 AM

Apple is in talks with HDFC Bank and other Indian banks to launch its payment service in India, according to Bloomberg News. Apple's entry into India's payments market via partnership with HDFC Bank could significantly expand its digital transaction volume and strengthen its fintech position.

3 www.electronicpaymentsinternational.com, 11:16 PM

Apple may launch its payment service in India this year according to a report, potentially partnering with or competing against HDFC Bank in the digital payments market. Apple's entry into Indian payments introduces moderate competition to HDFC Bank's digital transaction services.

16 Feb

3 GlobeNewswire, 9:00 AM

QuestDB supports HDFC Bank’s real-time transaction monitoring and risk analytics. QuestDB integration bolsters HDFC Bank's real-time transaction monitoring and risk analytics, moderately enhancing operational efficiency and competitive positioning in banking.

13 Feb

4 Insider Monkey, 5:19 AM

HDFC Bank Limited (HDB) has seen its stock price increase by over 4.7% following the release of its Q3 2026 financial results. The bank reported strong earnings, which have positively influenced investor sentiment and market performance. Analysts are optimistic about the bank's growth trajectory, citing robust financial metrics and strategic initiatives that may enhance its competitive position in the banking sector. Strong earnings and positive market sentiment are likely to significantly impact HDFC Bank's future performance.

11 Feb

3 ReutersSimply Wall St.Insider MonkeyGuruFocus.comMT Newswires, 4:13 PM

The Reserve Bank of India has granted ICICI Asset Management Company (AMC) approval to increase its stake in HDFC Bank to 9.95%. This move allows ICICI AMC to enhance its investment in one of India's leading banks, potentially influencing market dynamics and investor sentiment. The approval for ICICI AMC to raise its stake may moderately influence HDFC Bank's market positioning and investor confidence.

9 Feb

3 Zacks, 11:40 AM

HDFC Bank Limited (HDB) and DB are compared in terms of their value as investment options. The analysis focuses on financial metrics, market positioning, and growth potential, highlighting key differences that may influence investor decisions. Factors such as profitability, asset quality, and market trends are examined to determine which stock presents a better value proposition for investors. The comparison of HDB with DB may moderately influence investor sentiment and market positioning.

3 MT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires, 10:45 AM

Asian equities traded in the US saw a rise in American Depositary Receipts (ADRs) during Monday trading, reflecting positive market sentiment. HDFC Bank Limited (HDB) was among the companies whose ADRs gained traction, indicating a favorable outlook for the bank amidst broader market trends. The rise in ADRs suggests a moderately noticeable influence on HDB's market performance and investor sentiment.