Symbols / HDB Stock $24.04 -0.66% HDFC Bank Limited

Financial Services • Banks - Regional • India • NYQ
HDB (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Sashidhar Jagdishan
Exch · Country NYQ · India
Market Cap 123.37B
Enterprise Value 3.36T
Income 760.26B
Sales 2.83T
FCF (ttm) —
Book/sh 2.42
Cash/sh 202.63
Employees 211,178
Insider 10d —
IPO Jul 20, 2001
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 21.55%
P/E 16.93
Forward P/E 16.32
PEG 1.01
P/S 0.04
P/B 9.95
P/C —
EV/EBITDA —
EV/Sales 1.19
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 1.42
EPS next Y 1.47
EPS Growth 7.50%
Revenue Growth -1.80%
EPS Gr Q/Q 8.00%
Rev Gr Q/Q —
Earnings (next) 2026-07-18
Earnings (prior) 2026-04-18
ROA 1.70%
ROE 13.82%
ROIC —
Gross Margin 0.00%
Oper. Margin 40.54%
Profit Margin 26.83%
Shs Outstand 5.13B
Shs Float 15.33B
Insider Own 0.03%
Instit Own 13.96%
Short Float 0.26%
Short Ratio 1.06
Short Interest 13.40M
52W High 39.80
vs 52W High -39.61%
52W Low 23.82
vs 52W Low 0.92%
Beta 0.48
Impl. Vol. 55.96%
Rel Volume 0.77
Avg Volume 9.28M
Volume 7.19M
Target (mean) $34.42
Tgt Median $36.00
Tgt Low $29.70
Tgt High $36.00
# Analysts 4
Recom None
Prev Close $24.20
Price $24.04
Change -0.66%
About

HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance Business, and Other segments. It offers savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits. The company also provides personal, home, car, two-wheeler, business, doctor, educational, gold, consumer, and rural loans; loans against properties, securities, mutual funds, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment, commercial vehicle finance, dealer finance, and term loans. In addition, it offers credit, debit, prepaid, forex, and kisan gold cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; and insurance and investment products. Further, the company provides short term finance, bill discounting, structured finance, export credit, loan repayment, custodial, and documents collection services; online, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services; and financial solutions for supply chain partners and agricultural customers. It operates branches and automated teller machines in various cities/towns. The company was incorporated in 1994 and is headquartered in Mumbai, India.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$34.43
Mean price target
2. Current target
$24.04
Latest analyst target
3. DCF / Fair value
$21.30
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$24.04
Low
$29.70
High
$36.00
Mean
$34.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-07-22 down JP Morgan Overweight → Neutral —
2019-09-09 down Bernstein Outperform → Market Perform —
2019-06-11 down Nomura Buy → Neutral —
2017-03-21 down Morgan Stanley Overweight → Equal-Weight —
2016-09-14 main Goldman Sachs — → Buy —
2015-03-11 init Societe Generale — → Buy —
News
RSS: Latest HDB news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
2,371,508.20
+19.36%
1,986,934.30
+64.84%
1,205,375.00
+18.24%
1,019,413.70
Operating Revenue
2,371,508.20
+19.36%
1,986,934.30
+64.84%
1,205,375.00
+18.24%
1,019,413.70
Selling General And Administration
1,124,876.50
+18.19%
951,762.60
+137.81%
400,219.80
+24.98%
320,219.10
General And Administrative Expense
1,124,876.50
+18.19%
951,762.60
+137.81%
400,219.80
+24.98%
320,219.10
Salaries And Wages
299,251.70
+3.63%
288,776.00
+44.59%
199,726.80
+20.84%
165,287.70
Other Gand A
292,757.70
+4.18%
281,020.80
+40.16%
200,493.00
+29.41%
154,931.40
Reconciled Depreciation
63,021.30
+20.39%
52,348.30
+122.86%
23,489.70
+39.68%
16,816.90
Total Unusual Items
—
0.00
—
—
Total Unusual Items Excluding Goodwill
—
0.00
—
—
Special Income Charges
—
0.00
—
—
Net Income
673,508.30
+8.17%
622,656.60
+25.68%
495,446.90
+28.35%
386,000.40
Pretax Income
861,546.20
+22.13%
705,459.00
+6.50%
662,381.80
+27.59%
519,162.20
Net Interest Income
1,404,485.60
+12.54%
1,248,003.40
+36.54%
913,988.50
+22.05%
748,839.50
Interest Expense
1,823,477.00
+18.88%
1,533,922.80
+97.79%
775,538.20
+32.73%
584,297.50
Interest Income
3,227,962.60
+16.03%
2,781,926.20
+64.66%
1,689,526.70
+26.73%
1,333,137.00
Other Non Operating Income Expenses
-62,950.50
+20.49%
-79,169.80
—
—
Gain On Sale Of Security
44,469.20
+128.56%
19,456.10
+33.49%
14,574.90
-30.87%
21,082.90
Tax Provision
175,014.90
+124.88%
77,827.10
-53.15%
166,117.40
+25.32%
132,559.20
Tax Rate For Calcs
0.00
+84.13%
0.00
-56.02%
0.00
-1.76%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
686,531.30
+9.38%
627,631.90
+26.47%
496,264.40
+28.37%
386,603.00
Net Income From Continuing Operation Net Minority Interest
673,508.30
+8.17%
622,656.60
+25.68%
495,446.90
+28.35%
386,000.40
Net Income From Continuing And Discontinued Operation
673,508.30
+8.17%
622,656.60
+25.68%
495,446.90
+28.35%
386,000.40
Net Income Continuous Operations
686,531.30
+9.38%
627,631.90
+26.47%
496,264.40
+28.37%
386,603.00
Minority Interests
-13,023.00
-161.75%
-4,975.30
-508.60%
-817.50
-35.66%
-602.60
Normalized Income
673,508.30
+8.17%
622,656.60
+25.68%
495,446.90
+28.35%
386,000.40
Net Income Common Stockholders
673,508.30
+8.17%
622,656.60
+25.68%
495,446.90
+28.35%
386,000.40
Diluted EPS
134.44
+1.49%
132.47
-0.42%
133.02
+27.82%
104.07
Basic EPS
135.01
-49.24%
265.98
-0.40%
267.06
+27.61%
209.28
Basic Average Shares
5,085.09
+7.75%
4,719.53
+27.20%
3,710.41
+101.17%
1,844.37
Diluted Average Shares
5,106.29
+7.77%
4,738.30
+154.42%
1,862.39
-49.79%
3,708.99
Diluted NI Availto Com Stockholders
673,508.30
+8.17%
622,656.60
+25.68%
495,446.90
+28.35%
386,000.40
Amortization
25,237.20
+19.04%
21,201.00
0.00
0.00
Amortization Of Intangibles Income Statement
25,237.20
+19.04%
21,201.00
0.00
0.00
Depreciation Amortization Depletion Income Statement
63,021.30
+20.39%
52,348.30
+122.86%
23,489.70
+39.68%
16,816.90
Depreciation And Amortization In Income Statement
63,021.30
+20.39%
52,348.30
+122.86%
23,489.70
+39.68%
16,816.90
Depreciation Income Statement
37,784.10
+21.31%
31,147.30
+32.60%
23,489.70
+39.68%
16,816.90
Insurance And Claims
532,867.10
+39.51%
381,965.80
0.00
0.00
Net Income Extraordinary
—
0.00
—
—
Occupancy And Equipment
77,733.60
+19.35%
65,131.50
+44.51%
45,069.90
+24.38%
36,236.00
Other Non Interest Expense
—
79,169.80
—
—
Line Item Trend 2025-03-31 2024-03-31
Total Assets
48,187,671.10
+9.22%
44,118,573.00
Cash And Cash Equivalents
3,222,323.10
-5.94%
3,425,973.30
Cash Financial
—
1,787,186.70
Other Short Term Investments
5,973,926.30
-8.14%
6,503,339.50
Receivables
454,645.40
+19.92%
379,127.80
Accounts Receivable
323,230.70
+29.32%
249,940.00
Other Receivables
131,414.70
+1.72%
129,187.80
Prepaid Assets
223,008.20
-4.62%
233,802.70
Net PPE
314,735.30
+17.29%
268,332.90
Gross PPE
500,183.10
+15.98%
431,253.20
Accumulated Depreciation
-185,447.80
-13.83%
-162,920.30
Properties
73,661.40
+14.46%
64,357.60
Machinery Furniture Equipment
284,224.30
+15.73%
245,593.10
Other Properties
142,297.40
+17.31%
121,302.50
Goodwill And Other Intangible Assets
3,000,390.30
-0.83%
3,025,627.50
Goodwill
1,629,510.30
+0.00%
1,629,510.30
Other Intangible Assets
1,370,880.00
-1.81%
1,396,117.20
Investments And Advances
6,981,246.40
-4.13%
7,282,178.30
Total Liabilities Net Minority Interest
39,564,780.10
+9.20%
36,232,390.20
Payables And Accrued Expenses
815,324.80
+8.18%
753,691.70
Payables
713,379.60
+6.33%
670,939.10
Accounts Payable
576,840.50
+8.53%
531,484.80
Other Payable
136,539.10
-2.09%
139,454.30
Current Accrued Expenses
101,945.20
+23.19%
82,752.60
Current Debt And Capital Lease Obligation
1,306,013.10
-0.59%
1,313,737.10
Current Debt
1,306,013.10
-0.59%
1,313,737.10
Other Current Borrowings
1,306,013.10
+2.09%
1,279,304.50
Long Term Debt And Capital Lease Obligation
6,020,093.00
-11.21%
6,779,815.00
Long Term Debt
5,866,163.20
-11.77%
6,648,772.00
Long Term Capital Lease Obligation
153,929.80
+17.47%
131,043.00
Non Current Deferred Liabilities
324,633.50
+12.66%
288,154.40
Non Current Deferred Taxes Liabilities
324,633.50
+12.66%
288,154.40
Stockholders Equity
7,676,891.40
+10.50%
6,947,327.40
Common Stock Equity
7,676,891.40
+10.50%
6,947,327.40
Capital Stock
7,652.20
+0.73%
7,596.90
Common Stock
7,652.20
+0.73%
7,596.90
Share Issued
15,304.44
+0.73%
15,193.82
Ordinary Shares Number
15,304.41
+0.73%
15,193.80
Treasury Shares Number
0.02
+41.83%
0.01
Additional Paid In Capital
4,436,065.70
+2.11%
4,344,576.80
Retained Earnings
2,099,097.20
+20.19%
1,746,416.90
Gains Losses Not Affecting Retained Earnings
1,150,940.30
+32.96%
865,602.80
Treasury Stock
16,864.00
-0.01%
16,866.00
Minority Interest
945,999.60
+0.76%
938,855.40
Other Equity Adjustments
1,150,940.30
+32.96%
865,602.80
Total Equity Gross Minority Interest
8,622,891.00
+9.34%
7,886,182.80
Total Capitalization
13,543,054.60
-0.39%
13,596,099.40
Invested Capital
14,849,067.70
-0.41%
14,909,836.50
Total Debt
7,326,106.10
-9.48%
8,093,552.10
Net Debt
3,949,853.20
-12.93%
4,536,535.80
Capital Lease Obligations
153,929.80
+17.47%
131,043.00
Net Tangible Assets
4,676,501.10
+19.25%
3,921,699.90
Tangible Book Value
4,676,501.10
+19.25%
3,921,699.90
Available For Sale Securities
381,931.60
+20.26%
317,593.50
Cash Cash Equivalents And Federal Funds Sold
7,576,597.90
+42.94%
5,300,399.60
Current Notes Payable
0.00
-100.00%
34,432.60
Derivative Product Liabilities
143,566.10
+31.22%
109,409.90
Other Equity Interest
—
26,527.20
Trading Securities
625,388.50
+35.59%
461,245.30
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
1,195,617.40
+16.95%
1,022,322.40
+114.23%
477,200.60
-17.87%
581,018.20
Cash Flow From Continuing Operating Activities
1,195,617.40
+16.95%
1,022,322.40
+114.23%
477,200.60
-17.87%
581,018.20
Net Income From Continuing Operations
686,531.30
+9.38%
627,631.90
+26.47%
496,264.40
+28.37%
386,603.00
Depreciation Amortization Depletion
63,021.30
+20.39%
52,348.30
+122.86%
23,489.70
+39.68%
16,816.90
Depreciation
37,784.10
+21.31%
31,147.30
+32.60%
23,489.70
+39.68%
16,816.90
Amortization Cash Flow
25,237.20
+19.04%
21,201.00
0.00
—
Depreciation And Amortization
63,021.30
+20.39%
52,348.30
+122.86%
23,489.70
+39.68%
16,816.90
Amortization Of Intangibles
25,237.20
+19.04%
21,201.00
0.00
—
Other Non Cash Items
34,725.70
+85.87%
18,682.30
+308.81%
4,569.90
+477.96%
790.70
Stock Based Compensation
24,633.90
+22.46%
20,115.80
+43.53%
14,014.60
+1.01%
13,874.50
Deferred Tax
-15,613.60
+72.67%
-57,133.20
-565.22%
12,280.90
+224.21%
-9,887.30
Deferred Income Tax
-15,613.60
+72.67%
-57,133.20
-565.22%
12,280.90
+224.21%
-9,887.30
Operating Gains Losses
13,134.70
+236.04%
3,908.70
+295.90%
987.30
+104.58%
-21,559.70
Gain Loss On Investment Securities
-6,825.00
-725.57%
-826.70
-214.77%
720.30
+104.30%
-16,745.80
Unrealized Gain Loss On Investment Securities
—
-69,571.40
—
—
Net Foreign Currency Exchange Gain Loss
20,184.60
+263.40%
5,554.30
+1907.34%
276.70
+105.75%
-4,813.00
Gain Loss On Sale Of PPE
-224.90
+69.93%
-748.00
-828.04%
-80.60
-8855.56%
-0.90
Change In Working Capital
168,583.40
-16.26%
201,319.40
+228.67%
-156,465.90
-365.61%
58,907.30
Change In Receivables
-72,883.70
-202.36%
-24,104.90
+53.10%
-51,395.90
-228.60%
-15,640.80
Changes In Account Receivables
-72,883.70
-202.36%
-24,104.90
+53.10%
-51,395.90
-228.60%
-15,640.80
Change In Payables And Accrued Expense
186,061.30
+217.66%
-158,138.10
-263.91%
96,479.60
+85.79%
51,930.00
Change In Accrued Expense
166,702.30
+197.44%
-171,089.90
-356.94%
66,588.00
+40.15%
47,512.20
Change In Payable
19,359.00
+49.47%
12,951.80
-56.67%
29,891.60
+576.62%
4,417.80
Change In Account Payable
19,359.00
+49.47%
12,951.80
-56.67%
29,891.60
+576.62%
4,417.80
Change In Other Working Capital
300,302.80
-1.78%
305,750.40
+447.87%
-87,892.00
-279.94%
48,845.70
Change In Other Current Assets
-244,897.00
-414.73%
77,812.00
+168.46%
-113,657.60
-333.35%
-26,227.60
Change In Other Current Liabilities
—
64,204.00
—
—
Investing Cash Flow
-3,716,056.60
-1.18%
-3,672,564.20
+16.40%
-4,392,783.00
-33.02%
-3,302,279.80
Cash Flow From Continuing Investing Activities
-3,716,056.60
-1.18%
-3,672,564.20
+16.40%
-4,392,783.00
-33.02%
-3,302,279.80
Net PPE Purchase And Sale
-65,418.20
-25.07%
-52,304.10
-21.09%
-43,193.50
-65.33%
-26,125.30
Purchase Of PPE
-66,397.30
-23.33%
-53,838.00
-23.42%
-43,620.30
-65.70%
-26,324.40
Sale Of PPE
979.10
-36.17%
1,533.90
+259.40%
426.80
+114.36%
199.10
Capital Expenditure
-66,397.30
-23.33%
-53,838.00
-23.42%
-43,620.30
-65.70%
-26,324.40
Net Investment Purchase And Sale
-1,552,427.90
-102.22%
-767,694.60
-36.22%
-563,565.00
-281.20%
-147,838.30
Purchase Of Investment
-4,710,472.80
-9.34%
-4,308,274.60
-170.06%
-1,595,296.10
+8.13%
-1,736,498.70
Sale Of Investment
3,158,044.90
-10.80%
3,540,580.00
+243.17%
1,031,731.10
-35.06%
1,588,660.40
Net Business Purchase And Sale
0.00
-100.00%
149,800.40
0.00
0.00
Gain Loss On Sale Of Business
—
-73,414.20
—
—
Financing Cash Flow
2,419,349.00
-27.72%
3,347,338.70
-19.80%
4,173,910.40
+43.33%
2,912,107.50
Cash Flow From Continuing Financing Activities
2,419,349.00
-27.72%
3,347,338.70
-19.80%
4,173,910.40
+43.33%
2,912,107.50
Net Issuance Payments Of Debt
-815,311.80
-3560.60%
-22,272.60
-102.23%
1,000,549.40
+46.21%
684,319.10
Issuance Of Debt
661,226.30
-42.79%
1,155,775.20
+12.99%
1,022,933.10
+41.50%
722,908.90
Repayment Of Debt
-1,463,100.80
-4.48%
-1,400,297.90
-150.90%
-558,113.60
-57.96%
-353,325.70
Long Term Debt Issuance
661,226.30
-42.79%
1,155,775.20
+12.99%
1,022,933.10
+41.50%
722,908.90
Long Term Debt Payments
-1,463,100.80
-4.48%
-1,400,297.90
-150.90%
-558,113.60
-57.96%
-353,325.70
Net Long Term Debt Issuance
-801,874.50
-227.93%
-244,522.70
-152.61%
464,819.50
+25.77%
369,583.20
Net Short Term Debt Issuance
-13,437.30
-106.05%
222,250.10
-58.51%
535,729.90
+70.22%
314,735.90
Net Common Stock Issuance
—
73,697.30
—
—
Common Stock Payments
—
-2,300.00
—
—
Common Stock Dividend Paid
-158,058.10
-82.48%
-86,617.10
-0.26%
-86,394.30
-138.40%
-36,239.20
Cash Dividends Paid
-158,058.10
-82.48%
-86,617.10
-0.26%
-86,394.30
-138.40%
-36,239.20
Repurchase Of Capital Stock
—
-2,300.00
—
—
Proceeds From Stock Option Exercised
63,465.00
-24.83%
84,425.40
+147.16%
34,158.30
+30.89%
26,097.30
Net Other Financing Charges
6,006.30
+64.94%
3,641.40
+342.62%
822.70
+18.92%
691.80
Changes In Cash
-101,090.20
-114.50%
697,096.90
+169.85%
258,328.00
+35.36%
190,845.90
Effect Of Exchange Rate Changes
-2,011.40
-230.67%
1,539.30
-78.12%
7,036.10
+1334.48%
490.50
Beginning Cash Position
2,086,031.40
+50.36%
1,387,395.20
+23.65%
1,122,031.10
+20.56%
930,694.70
End Cash Position
1,982,929.80
-4.94%
2,086,031.40
+50.36%
1,387,395.20
+23.65%
1,122,031.10
Free Cash Flow
1,129,220.10
+16.60%
968,484.40
+123.37%
433,580.30
-21.83%
554,693.80
Interest Paid Supplemental Data
1,803,804.00
+28.13%
1,407,747.20
+88.84%
745,487.80
+28.56%
579,853.80
Income Tax Paid Supplemental Data
195,409.70
-2.17%
199,753.40
+22.04%
163,674.90
+10.31%
148,381.60
Common Stock Issuance
—
75,997.30
—
—
Issuance Of Capital Stock
—
75,997.30
—
—
Other Cash Adjustment Outside Changein Cash
—
111,817.10
—
—
Sale Of Business
0.00
-100.00%
149,800.40
0.00
0.00
Taxes Refund Paid
—
-228,428.40
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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