HDFC Bank Limited

HDB Financial Banks Regional

HDFC Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was $46.4 billion, down 5.46% from fiscal 2025. In the quarter to June 2026, revenue fell 9.36%, EPS grew 8.11% and free cash flow fell 1.95%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

23.76 0.23 +0.98%
Market cap
$120.9B
P/E
16.0×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
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)
ROE
7.57% 8.06% 11.48% 17.58% 16.24% 16.29% 14.15% 15.26% 16.17% 14.95%
ROA
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

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Columns are period end dates