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.

Revenue
−9.36%
EPS
+8.11%
Free cash flow
−1.95%

Quarter to June 2026, against a year earlier

24.68 0.35 +1.44%
Market cap
$127.0B
P/E
16.7×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

HDFC Bank Limited (HDB) Debt to equity

Alert me on Debt to equity

HDFC Bank Limited's debt to equity at the end of the quarter to 30 June 2026 was 0.0×, down 0.6× from fiscal 2026 (0.6×). Over the past ten years it has ranged from 0.5× (fiscal 2020) to 0.8× (fiscal 2024); the current reading is higher than 25% of that period. That is below the Banks Regional industry median of 0.2× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.6× (17.86%)
FY2025 0.7× (19.31%)
FY2024 0.8× 19.74%
FY2023 0.7× 13.67%
FY2022 0.6× 14.07%
FY2021 0.5× 0.31%
FY2020 0.5× (15.24%)
FY2019 0.6× (19.47%)
FY2018 0.8× 11.52%
FY2017 0.7× 18.56%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.0× —
Mar 2026 0.6× —
Dec 2025 0.0× —
Sep 2025 0.0× —
25 more quarters

Against its own ten years

Low 0.5× High 0.8×
Ten-year median 0.6×
Current reading's percentile 25

Debt to equity against peers

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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