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Friday 6 November 2026
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HDFC Bank Limited
HDFC Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was $46.4 billion, down 5.46% from fiscal 2025.
- Revenue
- −9.36%
- EPS
- +8.11%
- Free cash flow
- −1.95%
Quarter to June 2026, against a year earlier
25.18
0.48
+1.94%
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| Mar '17 | Mar '18 | Mar '19 | Mar '20 | Mar '21 | Mar '22 | Mar '23 | Mar '24 | Mar '25 | Mar '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 5 | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
P/E ratio |
27.87 | 36.58 | 42.71 | 31.70 | 39.81 | 22.14 | 21.72 | 17.15 | 21.61 | 17.14 |
P/S ratio |
7.32 | 9.61 | 11.23 | 5.92 | 4.20 | 5.35 | 5.13 | 3.14 | 3.44 | 2.74 |
P/FCF ratio |
13.99 | 18.36 | 20.31 | 7.66 | 6.70 | 5.52 | 13.56 | 50.87 | 5.20 | 3.73 |
P/Operating CF |
46.18 | 60.62 | 63.13 | 42.11 | 48.49 | 76.55 | 83.70 | 89.80 | 114.30 | 86.18 |
P/B ratio |
6.56 | 8.61 | 4.63 | 2.67 | 2.50 | 3.42 | 3.48 | 1.40 | 1.67 | 1.30 |
Price to Tangible BV |
7.55 | 9.90 | 4.88 | 2.68 | 2.51 | 3.53 | 3.58 | 2.28 | 2.57 | 1.93 |
EV/Sales |
7.15 | 9.44 | 11.62 | 7.19 | 1.58 | 5.36 | 5.17 | 4.30 | 4.13 | 3.04 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
12.28 | 16.21 | 19.29 | 8.83 | 2.43 | 5.34 | 12.13 | 44.04 | 5.92 | 3.95 |
EV/FCF |
13.65 | 18.02 | 21.02 | 9.30 | 2.51 | 5.52 | 13.66 | 69.57 | 6.25 | 4.13 |
Quick Ratio |
0.09 | 0.17 | 0.10 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.11 |
Current Ratio |
0.91 | 0.96 | 0.96 | 0.90 | 0.90 | 0.92 | 0.92 | 1.09 | 1.04 | 1.01 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
8.06% | 8.21% | 7.87% | 6.43% | 6.53% | 7.36% | 7.98% | 15.07% | 12.17% | 9.73% |
Debt/Equity |
0.71 | 0.79 | 0.64 | 0.54 | 0.54 | 0.62 | 0.70 | 0.84 | 0.68 | 0.56 |
Asset Turnover |
0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.10 | 0.09 | 0.08 |
Operating CF/Net income |
2.70 | 0.53 | 0.83 | 0.66 | 2.83 | 1.51 | 0.96 | 1.64 | 1.78 | 1.59 |
Capex/Depreciation |
(0.75) | (0.48) | (0.71) | (0.74) | (0.81) | (0.94) | (1.17) | (0.71) | (0.65) | (0.42) |
| 14.95% | 16.17% | 15.26% | 14.15% | 16.29% | 16.24% | 17.58% | 11.48% | 8.06% | 7.57% | |
| 1.69% | 1.74% | 1.74% | 1.71% | 1.95% | 1.94% | 2.04% | 1.77% | 1.44% | 1.34% | |
ROIC |
12.37% | 29.97% | 13.25% | 13.02% | 13.49% | 12.90% | 13.83% | 3.69% | 4.67% | 5.61% |
Return on Tangible Assets |
(21.81%) | (51.62%) | (51.93%) | (20.09%) | (22.19%) | (30.53%) | (33.51%) | 23.57% | 52.07% | 103.84% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
27.91% | 28.44% | 26.24% | 29.29% | 31.59% | 30.14% | 26.23% | 34.91% | 34.49% | 34.31% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.06 | 0.06 |
Share Based Compensation of Revenue |
0.98% | 0.67% | 0.44% | 0.53% | 0.69% | 0.87% | 0.71% | 0.57% | 0.59% | 0.51% |
Graham Net Nets |
(0.21) | (0.16) | (0.27) | (0.58) | (2.05) | (0.34) | (0.36) | (0.64) | (0.57) | (0.70) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 18.47 | 16.72 | 18.18 | 27.20 | 26.20 | 24.96 |
Earnings Yield |
3.59% | 2.73% | 2.34% | 3.15% | 2.51% | 4.52% | 4.60% | 5.83% | 4.63% | 5.84% |
Free Cash Flow Yield |
7.15% | 5.45% | 4.92% | 13.05% | 14.94% | 18.12% | 7.38% | 1.97% | 19.23% | 26.82% |
Revenue per Share |
3.80 | 4.41 | 4.86 | 5.13 | 5.70 | 5.73 | 6.50 | 8.95 | 9.66 | 9.07 |
Operating CF per Share |
1.72 | 0.42 | 0.74 | 0.62 | 3.44 | 2.08 | 1.56 | 2.60 | 2.75 | 2.33 |
Capex per Share |
(0.06) | (0.04) | (0.07) | (0.07) | (0.07) | (0.09) | (0.14) | (0.13) | (0.15) | (0.10) |
Free Cash Flow per Share |
1.67 | 0.38 | 0.68 | 0.56 | 3.37 | 1.98 | 1.42 | 2.47 | 2.60 | 2.23 |
Cash per Share |
2.94 | 6.84 | 4.36 | 4.25 | 4.85 | 5.53 | 6.49 | 6.56 | 6.81 | 7.95 |
Shareholders Equity per Share |
4.67 | 5.25 | 6.62 | 6.90 | 8.07 | 8.97 | 9.57 | 20.05 | 19.85 | 19.07 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.67 | 5.25 | 6.62 | 6.90 | 8.07 | 8.97 | 9.57 | 20.05 | 19.85 | 19.07 |
Free Cash Flow |
5,655.10 | 1,308.40 | 2,416.60 | 2,030.40 | 12,361.60 | 7,313.40 | 5,280.50 | 11,639.30 | 13,229.50 | 11,411.80 |
Working Capital |
(10,535.90) | (5,909.60) | (6,753.00) | (17,825.90) | (20,813.40) | (17,533.80) | (19,051.50) | 29,933.40 | 13,120.60 | 5,326.70 |
Capital Expenditures |
(193.20) | (139.50) | (233.40) | (240.30) | (241.40) | (344.40) | (525.50) | (627.60) | (765.70) | (509.20) |
Net Current Asset Value |
(21,806.80) | (20,237.80) | (21,856.40) | (31,442.00) | (36,875.20) | (38,020.60) | (44,047.70) | (84,780.30) | (95,768.10) | (88,673.10) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
Price to Operating Income |
29.73 | 39.02 | 45.56 | 30.39 | 23.17 | 15.00 | 13.91 | 8.61 | 9.03 | 10.94 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.43 | 0.49 | 0.52 | 0.51 | 0.41 | 0.42 | 0.42 | 0.50 | 0.58 | 0.64 |
Cash ROIC |
15.24% | 2.34% | 4.45% | 3.74% | 19.49% | 9.89% | 6.24% | 5.67% | 6.48% | 5.92% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.07 | 0.07 | 0.06 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
6,280.65 | 6,846.28 | 6,302.99 | 6,764.70 | 8,219.33 | 9,732.43 | 8,860.60 | 5,655.70 | 5,426.69 | 6,082.04 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
90,777.55 | 110,127.90 | 127,235.15 | 142,711.90 | 167,194.55 | 193,851.90 | 217,207.05 | 257,129.20 | 301,271.50 | 323,875.05 |
Average Assets |
128,297.70 | 157,200.50 | 183,303.00 | 201,871.90 | 228,775.50 | 262,057.40 | 295,827.40 | 421,373.75 | 546,720.45 | 562,437.25 |
Average Common Equity |
14,497.30 | 16,959.95 | 20,859.65 | 24,402.80 | 27,367.30 | 31,327.30 | 34,288.40 | 65,063.90 | 97,780.95 | 99,283.05 |
Columns are period end dates · fundamentals updated 26 Oct 2026