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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
25.16
0.46
+1.86%
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| Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 5 | 5 | 5 | 5 | 5 | 4 | 3 | 5 | 7 |
P/E ratio |
17.14 | 21.61 | 17.15 | 21.72 | 22.14 | 39.81 | 31.70 | 42.71 | 36.58 | 27.87 |
P/S ratio |
2.74 | 3.44 | 3.14 | 5.13 | 5.35 | 4.20 | 5.92 | 11.23 | 9.61 | 7.32 |
P/FCF ratio |
3.73 | 5.20 | 50.87 | 13.56 | 5.52 | 6.70 | 7.66 | 20.31 | 18.36 | 13.99 |
P/Operating CF |
86.18 | 114.30 | 89.80 | 83.70 | 76.55 | 48.49 | 42.11 | 63.13 | 60.62 | 46.18 |
P/B ratio |
1.30 | 1.67 | 1.40 | 3.48 | 3.42 | 2.50 | 2.67 | 4.63 | 8.61 | 6.56 |
Price to Tangible BV |
1.93 | 2.57 | 2.28 | 3.58 | 3.53 | 2.51 | 2.68 | 4.88 | 9.90 | 7.55 |
EV/Sales |
3.04 | 4.13 | 4.30 | 5.17 | 5.36 | 1.58 | 7.19 | 11.62 | 9.44 | 7.15 |
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 |
3.95 | 5.92 | 44.04 | 12.13 | 5.34 | 2.43 | 8.83 | 19.29 | 16.21 | 12.28 |
EV/FCF |
4.13 | 6.25 | 69.57 | 13.66 | 5.52 | 2.51 | 9.30 | 21.02 | 18.02 | 13.65 |
Quick Ratio |
0.11 | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.10 | 0.17 | 0.09 |
Current Ratio |
1.01 | 1.04 | 1.09 | 0.92 | 0.92 | 0.90 | 0.90 | 0.96 | 0.96 | 0.91 |
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 |
9.73% | 12.17% | 15.07% | 7.98% | 7.36% | 6.53% | 6.43% | 7.87% | 8.21% | 8.06% |
Debt/Equity |
0.56 | 0.68 | 0.84 | 0.70 | 0.62 | 0.54 | 0.54 | 0.64 | 0.79 | 0.71 |
Asset Turnover |
0.08 | 0.09 | 0.10 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 |
Operating CF/Net income |
1.59 | 1.78 | 1.64 | 0.96 | 1.51 | 2.83 | 0.66 | 0.83 | 0.53 | 2.70 |
Capex/Depreciation |
(0.42) | (0.65) | (0.71) | (1.17) | (0.94) | (0.81) | (0.74) | (0.71) | (0.48) | (0.75) |
| 7.57% | 8.06% | 11.48% | 17.58% | 16.24% | 16.29% | 14.15% | 15.26% | 16.17% | 14.95% | |
| 1.34% | 1.44% | 1.77% | 2.04% | 1.94% | 1.95% | 1.71% | 1.74% | 1.74% | 1.69% | |
ROIC |
5.61% | 4.67% | 3.69% | 13.83% | 12.90% | 13.49% | 13.02% | 13.25% | 29.97% | 12.37% |
Return on Tangible Assets |
103.84% | 52.07% | 23.57% | (33.51%) | (30.53%) | (22.19%) | (20.09%) | (51.93%) | (51.62%) | (21.81%) |
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 |
34.31% | 34.49% | 34.91% | 26.23% | 30.14% | 31.59% | 29.29% | 26.24% | 28.44% | 27.91% |
Intangible Assets out of Total Assets |
0.06 | 0.06 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.51% | 0.59% | 0.57% | 0.71% | 0.87% | 0.69% | 0.53% | 0.44% | 0.67% | 0.98% |
Graham Net Nets |
(0.70) | (0.57) | (0.64) | (0.36) | (0.34) | (2.05) | (0.58) | (0.27) | (0.16) | (0.21) |
Graham Number |
24.96 | 26.20 | 27.20 | 18.18 | 16.72 | 18.47 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
5.84% | 4.63% | 5.83% | 4.60% | 4.52% | 2.51% | 3.15% | 2.34% | 2.73% | 3.59% |
Free Cash Flow Yield |
26.82% | 19.23% | 1.97% | 7.38% | 18.12% | 14.94% | 13.05% | 4.92% | 5.45% | 7.15% |
Revenue per Share |
9.07 | 9.66 | 8.95 | 6.50 | 5.73 | 5.70 | 5.13 | 4.86 | 4.41 | 3.80 |
Operating CF per Share |
2.33 | 2.75 | 2.60 | 1.56 | 2.08 | 3.44 | 0.62 | 0.74 | 0.42 | 1.72 |
Capex per Share |
(0.10) | (0.15) | (0.13) | (0.14) | (0.09) | (0.07) | (0.07) | (0.07) | (0.04) | (0.06) |
Free Cash Flow per Share |
2.23 | 2.60 | 2.47 | 1.42 | 1.98 | 3.37 | 0.56 | 0.68 | 0.38 | 1.67 |
Cash per Share |
7.95 | 6.81 | 6.56 | 6.49 | 5.53 | 4.85 | 4.25 | 4.36 | 6.84 | 2.94 |
Shareholders Equity per Share |
19.07 | 19.85 | 20.05 | 9.57 | 8.97 | 8.07 | 6.90 | 6.62 | 5.25 | 4.67 |
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 |
19.07 | 19.85 | 20.05 | 9.57 | 8.97 | 8.07 | 6.90 | 6.62 | 5.25 | 4.67 |
Free Cash Flow |
11,411.80 | 13,229.50 | 11,639.30 | 5,280.50 | 7,313.40 | 12,361.60 | 2,030.40 | 2,416.60 | 1,308.40 | 5,655.10 |
Working Capital |
5,326.70 | 13,120.60 | 29,933.40 | (19,051.50) | (17,533.80) | (20,813.40) | (17,825.90) | (6,753.00) | (5,909.60) | (10,535.90) |
Capital Expenditures |
(509.20) | (765.70) | (627.60) | (525.50) | (344.40) | (241.40) | (240.30) | (233.40) | (139.50) | (193.20) |
Net Current Asset Value |
(88,673.10) | (95,768.10) | (84,780.30) | (44,047.70) | (38,020.60) | (36,875.20) | (31,442.00) | (21,856.40) | (20,237.80) | (21,806.80) |
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 |
0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
Price to Operating Income |
10.94 | 9.03 | 8.61 | 13.91 | 15.00 | 23.17 | 30.39 | 45.56 | 39.02 | 29.73 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.64 | 0.58 | 0.50 | 0.42 | 0.42 | 0.41 | 0.51 | 0.52 | 0.49 | 0.43 |
Cash ROIC |
5.92% | 6.48% | 5.67% | 6.24% | 9.89% | 19.49% | 3.74% | 4.45% | 2.34% | 15.24% |
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 | 0.07 | 0.07 | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 | 0.06 | 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 |
6,082.04 | 5,426.69 | 5,655.70 | 8,860.60 | 9,732.43 | 8,219.33 | 6,764.70 | 6,302.99 | 6,846.28 | 6,280.65 |
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 |
323,875.05 | 301,271.50 | 257,129.20 | 217,207.05 | 193,851.90 | 167,194.55 | 142,711.90 | 127,235.15 | 110,127.90 | 90,777.55 |
Average Assets |
562,437.25 | 546,720.45 | 421,373.75 | 295,827.40 | 262,057.40 | 228,775.50 | 201,871.90 | 183,303.00 | 157,200.50 | 128,297.70 |
Average Common Equity |
99,283.05 | 97,780.95 | 65,063.90 | 34,288.40 | 31,327.30 | 27,367.30 | 24,402.80 | 20,859.65 | 16,959.95 | 14,497.30 |
Columns are period end dates · fundamentals updated 26 Oct 2026