How does HDFCBANK's PE Ratio compare to its peers?

HDFCBANK is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the peer average (14.9x).

How does HDFCBANK's PE Ratio compare vs other companies in the IN Banks Industry?

HDFCBANK is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the Indian Banks industry average (10.4x).

What is HDFCBANK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HDFCBANK is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).

What is the Fair Price of HDFCBANK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HDFCBANK (₹1863.1) is trading above our estimate of [[fair value]] (₹777.16)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

HDFC Bank (NSEI:HDFCBANK) - Stock Price, News & Analysis

HDFCBANK Stock Overview

Engages in the provision of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. More details

HDFCBANK fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (20.6x) is below the Indian market (33x)

Earnings are forecast to grow 10.26% per year

Earnings grew by 41.7% over the past year

Risk Analysis

Significant insider selling over the past 3 months

Unstable dividend track record

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

Analyst Price Target

Consensus Narrative from 40 Analysts

Strategic Innovations And Enhanced Profit Margins Propel Growth In Dynamic Banking Landscape

Key Takeaways Strategic focus on boosting credit growth and reducing CD ratio could enhance revenue and earnings by leveraging improved liquidity conditions. Diversified fee income and retail expansion may stabilize revenue streams and enhance future earnings through increased customer engagement and product distribution.

View narrative

₹1.95k

4.3% undervalued

-5.31%

Revenue growth p.a.

7 days ago

HDFC Bank Limited Competitors

ICICI Bank

NSEI:ICICIBANK

₹9.4t

State Bank of India

NSEI:SBIN

₹7.7t

Axis Bank

BSE:532215

₹3.6t

Kotak Mahindra Bank

BSE:500247

₹3.6t

Price History & Performance

Summary of all time highs, changes and price drops for HDFC Bank
Historical stock prices
Current Share Price	₹1,863.10
52 Week High	₹1,880.00
52 Week Low	₹1,363.55
Beta	0.85
11 Month Change	5.48%
3 Month Change	11.79%
1 Year Change	14.24%
33 Year Change	24.21%
5 Year Change	44.16%
Change since IPO	54,859.03%

Recent updates

Shareholder Returns

	HDFCBANK	IN Banks	IN Market
7D	0.2%	2.0%	1.3%
1Y	14.2%	16.1%	26.9%

Return vs Industry: HDFCBANK underperformed the Indian Banks industry which returned 16.1% over the past year.

Return vs Market: HDFCBANK underperformed the Indian Market which returned 26.9% over the past year.

Price Volatility

Is HDFCBANK's price volatile compared to industry and market?
HDFCBANK volatility
HDFCBANK Average Weekly Movement	2.9%
Banks Industry Average Movement	4.5%
Market Average Movement	6.2%
10% most volatile stocks in IN Market	9.1%
10% least volatile stocks in IN Market	4.1%

Stable Share Price: HDFCBANK has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: HDFCBANK's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	206,758	Sashi Jagdishan	www.hdfcbank.com

HDFC Bank Limited engages in the provision of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates in three segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Services. It accepts 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.

HDFC Bank Limited Fundamentals Summary

How do HDFC Bank's earnings and revenue compare to its market cap?
HDFCBANK fundamental statistics
Market cap	₹14.28t
Earnings (TTM)	₹691.81b
Revenue (TTM)	₹2.76t

20.6x

P/E Ratio

3.0x

P/B Ratio

Is HDFCBANK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HDFCBANK income statement (TTM)
Revenue	₹2.76t
Cost of Revenue	₹0
Gross Profit	₹2.76t
Other Expenses	₹2.07t
Earnings	₹691.81b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	90.52
Gross Margin	100.00%
Net Profit Margin	25.06%
Debt/Equity Ratio	133.9%

How did HDFCBANK perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

22%

Payout Ratio

HDFCBANK Stock Overview

Rewards

Risk Analysis

Strategic Innovations And Enhanced Profit Margins Propel Growth In Dynamic Banking Landscape

HDFC Bank Limited Competitors

NSEI:ICICIBANK

₹9.4t

NSEI:SBIN

₹7.7t

BSE:532215

₹3.6t

BSE:500247

₹3.6t

Price History & Performance

Recent News & Updates

Insider recently sold ₹11m worth of stock

Insider recently sold ₹27m worth of stock

Hdfc Bank Appoints Santhosh Iyengar Keshavan as Independent Director

HDFC Bank Limited (NSEI:HDFCBANK) acquired an additional minority stake in HDF.C Capital Advisors Limited for approximately INR 670 million.

Second quarter 2025 earnings released: EPS: ₹23.40 (vs ₹16.87 in 2Q 2024)

Recent updates

Insider recently sold ₹11m worth of stock

Insider recently sold ₹27m worth of stock

Hdfc Bank Appoints Santhosh Iyengar Keshavan as Independent Director

HDFC Bank Limited (NSEI:HDFCBANK) acquired an additional minority stake in HDF.C Capital Advisors Limited for approximately INR 670 million.

Second quarter 2025 earnings released: EPS: ₹23.40 (vs ₹16.87 in 2Q 2024)

Vama Sundari Investments (Delhi) Private Limited signed a letter of intent to acquire 91% stake in HDFC Education and Development Services Pvt. Ltd. from HDFC Bank Limited (NSEI:HDFCBANK) for INR 1.92 billion.

HDFC Bank Limited Appoints C R P Balasuriya as CEO for Sri Lanka

Insider recently sold ₹81m worth of stock

HDFC Bank Limited to Report Q2, 2025 Results on Oct 19, 2024

HDFC Reportedly in Talks with Global Banks to Offload $1 Billion in Loans

HDFC Bank Reportedly Plans to Sell $1.2 Billion of Loans Via Rare Debt Tool

Insider recently sold ₹288m worth of stock

HDFC Bank Rejects MUFG's $2 Billion Cheque for NBFC Arm

Insider recently sold ₹42m worth of stock

HDFC Bank Limited Approves Dividend for the Financial Year Ended March 31, 2024

Insider recently sold ₹16m worth of stock

HDFC Bank Limited Appoints Ajay Agarwal as Company Secretary (Key Managerial Personnel) and Compliance Officer

Full year 2024 earnings released: EPS: ₹90.42 (vs ₹82.64 in FY 2023)

HDFC Bank Limited to Report Q1, 2025 Results on Jul 20, 2024

HDFC Bank Limited, Annual General Meeting, Aug 09, 2024

New minor risk - Insider selling

Yudiz Solutions Limited Issues Legal Notice to HDFC Bank Limited

HDFC Bank Limited Announces Executive Changes

MUFG Reportedly Likely to Sweeten $1.7 Billion Offer for HDB Finance

Full year 2024 earnings released: EPS: ₹90.42 (vs ₹82.64 in FY 2023)

HDFC Bank Limited Announces Change in Management

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited to Report Fiscal Year 2024 Results on Apr 20, 2024

HDFC Bank Limited Announces Cessation of Umesh Chandra Sarangi as Independent Director

HDFC Bank Limited (NSEI:HDFCBANK) agreed to acquire 9.5% stake in IndusInd Bank Limited (NSEI:INDUSINDBK).

Jio Financial Services Reportedly Eying Paytm Wallet Business

Third quarter 2024 earnings released: EPS: ₹22.74 (vs ₹22.78 in 3Q 2023)

HDFC Bank Limited announced that it has received $500 million in funding from MUFG Bank, Ltd.

HDFC Bank Limited to Report Q3, 2024 Results on Jan 16, 2024

HDFC Bank Limited's Board Approves Appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director

HDFC Bank Limited's Board Approves Appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director

Hdfc Bank Limited Announces Appointment of V. Srinivasa Rangan as Executive Director

Hdfc Bank Limited Announces Appointment of Chief of Internal Vigilance Changes

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited to Report Q2, 2024 Results on Oct 16, 2023

HDFC Bank Limited Announces Chief Compliance Officer Changes

HDFC Bank Limited Announces Cessation of Sanjiv Sachar as Independent Director

First quarter 2024 earnings released: EPS: ₹22.15 (vs ₹17.30 in 1Q 2023)

New minor risk - Shareholder dilution

HDFC Bank Limited, Annual General Meeting, Aug 11, 2023

Insider recently sold ₹20m worth of stock

Insider recently sold ₹1.7m worth of stock

Upcoming dividend of ₹19.00 per share at 1.2% yield

Insider recently sold ₹3.4m worth of stock

Insider recently sold ₹40m worth of stock

Full year 2023 earnings released: EPS: ₹82.64 (vs ₹68.77 in FY 2022)

An unknown buyer executed an agreement to acquire 9.95% stake in Softcell Technologies Global Private Limited from HDFC Bank Limited (NSEI:HDFCBANK) for INR 99.5 million.

Insider recently sold ₹12m worth of stock

Insider recently sold ₹43m worth of stock

Third quarter 2023 earnings released: EPS: ₹22.78 (vs ₹19.10 in 3Q 2022)

HDFC Bank Limited to Report Q3, 2023 Results on Jan 14, 2023

HDFC Bank Limited (NSEI:HDFCBANK) agreed to acquire unknown minority stake in Mintoak Innovations Private Limited for approximately INR 100 million.

HDFC Bank Promotes Jahid Ahmed to Senior VP & Digital Marketing Head

HDFC Bank Limited Announces Director Changes