HDFC Bank Ltd
HDFCBANKHDFC Bank Ltd
HDFCBANK
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 19.73 | 2.91 | 1.09% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.75 | 2.46 | 0.98% |
Forecast & Ratings
Detailed Forecast from 40 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
HDFC Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.
Peers
Compare with peersICICI Bank Ltd
Axis Bank Ltd
Kotak Mahindra Bank Ltd
Indusind Bank Ltd
Yes Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 74,373.21 | 86,176.43 | 1,01,344.44 | 1,24,107.79 | 1,47,068.26 | 1,55,885.28 | 1,67,695.40 | 2,04,666.10 | 4,07,994.77 | 4,77,860.09 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 3,92,159.80 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 6,306.14 | 8,504.70 | 9,193.90 | 10,451.15 | 12,920.13 | 13,676.67 | 15,897.03 | 20,016.85 | 31,023.00 | |||||||||||
| Selling & Administrative Expenses | 4,087.83 | 4,603.71 | 4,976.65 | 5,187.30 | 5,489.56 | 6,435.33 | 7,186.84 | 8,771.01 | 90,862.87 | |||||||||||
| Operating & Other expenses | 43,730.23 | 48,788.87 | 57,743.18 | 72,930.51 | 89,186.95 | 91,592.12 | 92,057.42 | 1,12,034.38 | 2,06,448.22 | |||||||||||
EBITDA | 20,249.01 | 24,279.15 | 29,430.71 | 35,538.83 | 39,471.62 | 44,181.16 | 52,554.11 | 63,843.86 | 79,660.68 | 85,700.29 | ||||||||||
| Depreciation/Amortization | 738.03 | 886.19 | 966.78 | 1,220.67 | 1,276.77 | 1,385.01 | 1,680.73 | 2,345.47 | 3,092.08 | — | ||||||||||
| PBIT | 19,510.98 | 23,392.96 | 28,463.93 | 34,318.16 | 38,194.85 | 42,796.15 | 50,873.38 | 61,498.39 | 76,568.60 | 85,700.29 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 19,510.98 | 23,392.96 | 28,463.93 | 34,318.16 | 38,194.85 | 42,796.15 | 50,873.38 | 61,498.39 | 76,568.60 | 85,700.29 | ||||||||||
| Taxes & Other Items | 6,709.65 | 8,112.50 | 9,953.90 | 11,985.73 | 10,940.90 | 10,962.94 | 12,820.63 | 15,501.28 | 12,506.56 | 16,519.28 | ||||||||||
| Net Income | 12,801.33 | 15,280.46 | 18,510.03 | 22,332.43 | 27,253.95 | 31,833.21 | 38,052.75 | 45,997.11 | 64,062.04 | 69,181.01 | ||||||||||
| EPS | 25.43 | 30.02 | 35.89 | 41.99 | 49.87 | 57.90 | 68.82 | 82.69 | 97.24 | 91.06 | ||||||||||
| DPS | 4.75 | 5.50 | 6.50 | 7.50 | 2.50 | 6.50 | 15.50 | 19.00 | 19.50 | 19.50 | ||||||||||
| Payout ratio | 0.19 | 0.18 | 0.18 | 0.18 | 0.05 | 0.11 | 0.23 | 0.23 | 0.20 | 0.21 |
Company Updates
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| HDFC Bank Ltd | 21.30 | 2.91 | 1.09% |
| ICICI Bank Ltd | 20.74 | 3.40 | 0.77% |
| Axis Bank Ltd | 13.56 | 2.27 | 0.09% |
| Kotak Mahindra Bank Ltd | 19.55 | 2.74 | 0.11% |
Price Comparison
Compare HDFCBANK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding HDFC Bank Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5047% | Percentage of the fund’s portfolio invested in the stock 8.41% | Change in the portfolio weight of the stock over the last 3 months 0.38% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/91 (0) |
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4603% | Percentage of the fund’s portfolio invested in the stock 6.51% | Change in the portfolio weight of the stock over the last 3 months 0.74% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 1/299 (0) |
HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4579% | Percentage of the fund’s portfolio invested in the stock 9.62% | Change in the portfolio weight of the stock over the last 3 months 0.31% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/60 (0) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
Increasing Dividends
HDFCBANK has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 1.09%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.85 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 10, 2024
Dividend/Share
₹19.50
Ex DateEx Date
May 10, 2024
Cash Dividend
Ex DateEx DateMay 16, 2023
Dividend/Share
₹19.00
Ex DateEx Date
May 16, 2023
Cash Dividend
Ex DateEx DateMay 12, 2022
Dividend/Share
₹15.50
Ex DateEx Date
May 12, 2022
Cash Dividend
Ex DateEx DateJun 29, 2021
Dividend/Share
₹6.50
Ex DateEx Date
Jun 29, 2021
Cash Dividend
Ex DateEx DateAug 1, 2019
Dividend/Share
₹5.00
Ex DateEx Date
Aug 1, 2019
The Nifty November 2024 futures closed at 24,205, a premium of 10.5 points compared with the Nifty's closing 24,194.50 in the cash market. In the cash market, the Nifty 50 lost 27.40 points or 0.11% to 24,194.50. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.01% to 15.31. HDFC Bank, Reliance Industries and Bharti Airtel and were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live
The Nifty November 2024 futures closed at 23,491.05, a discount of 27.45 points compared with the Nifty's closing 23,518.50 in the cash market. In the cash market, the Nifty 50 added 64.70 points or 0.28% to 23,518.50. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rallied 3.26% to 15.66. HDFC Bank, Reliance Industries and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live
HDFC Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 1746.55, up 2.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. HDFC Bank Ltd has added around 1.03% in last one month. Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has added around 2.02% in last one month and is currently quoting at 50363.8, up 1.1% on the day. The volume in the stock stood at 99.04 lakh shares today, compared to the daily average of 145.11 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1748, up 2.52% on the day. HDFC Bank Ltd is up 16.03% in last one year as compared to a 20.57% gain in NIFTY and a 16.82% gain in the Nifty Bank index.The PE of the stock is 19.77 based on TTM earnings ending September 24.Powered by Capital Market - Live
The Board of Directors of HDFC Bank has at its meeting held today, approved the appointment of Santhosh Iyengar Keshavan (DIN: 08466631) as an Additional (Independent) Director of the Bank for a period of 3 (three) consecutive years from 18 November 2024. Powered by Capital Market - Live
The Nifty November 2024 futures closed at 23,931.10, a premium of 47.65 points compared with the Nifty's closing 23,883.45 in the cash market. In the cash market, the Nifty 50 tumbled 257.85 points or 1.07% to 23,883.45. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, added 2.24% to 14.59. HDFC Bank, State Bank of India and ICICI Bank and were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live
The Nifty October 2024 futures closed at 24,470.10, a premium of 3.25 points compared with the Nifty's closing 24,466.85 in the cash market. In the cash market, the Nifty 50 rose 127.70 points or 0.52% to 24,466.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.57% to 14.52. HDFC Bank, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live
HDFC Bank has approved the grant of 2,21,56,230 equity stock options of the face value of Re. 1/- ('options') each at the grant price of Rs.1,734.20 (Rupees convertible into one equity share each of the Bank upon vesting and exercise in terms of the under Employees' Stock Option Scheme ESOS ' Plan H-2024 (ESOS 58).Powered by Capital Market - Live
The Nifty October 2024 futures closed at 24,364, a premium of 24.85 points compared with the Nifty's closing 24,339.15 in the cash market. In the cash market, the Nifty 50 advanced 158.35 points or 0.65% to 24,339.15. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slipped 2.34% to 14.29. HDFC Bank, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024.Powered by Capital Market - Live
The Nifty October 2024 futures closed at 24,487.90, a premium of 52.40 points compared with the Nifty's closing 24,435.50 in the cash market. In the cash market, the Nifty 50 lost 36.60 points or 0.15% to 24,435.50. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.31% to 14.59. HDFC Bank, Bajaj Finance and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live
Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24. Profit before tax (PBT) jumped 11.19% YoY to Rs 22,005.28 crore in Q2 FY25. Net interest income (NII) increased 10% to Rs 30,110 crore in Q2 FY25 as compared with Rs 27,390 crore in Q2 FY24. Core net interest margin was at 3.46% on total asset in Q2 FY25. Total deposits were at Rs 25,00,100 crore as of 30 September 2024, an increase of 15.1% over 30 September 2023. CASA deposits grew 8.1%, comprising 35.3 of total deposits as of September 2024. Gross advances stood at Rs 25,19,000 crore as on 30 September 2024, registering a growth of 7% YoY. Retail loans jumped 11.3%, commercial and rural banking loans grew by 17.4% and corporate and other wholesale loans grew by 12%. Overseas advances constituted 1.7% of total advances. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 34,250.62 crore as on 30 September 2024 as against Rs 33,025.69 crore as on 30 June 2024 and Rs 31,577.89 crore as on 30 September 2023. The ratio of gross NPAs to gross advances increased to 1.36% as on 30 September 2024 as against 1.33% as on 30 June 2024 and 1.34% as on 30 September 2023. The ratio of net NPAs to net advances stood at 0.41% as on 30 September 2024 as against 0.39% as on 30 June 2024 and 0.35% as on 30 September 2023. Pre-provision operating profit (PPOP) increased 27.24% YoY to Rs 23,884.64 crore during the quarter ended September 2024. The total credit cost ratio was at 0.43% in Q2 FY25, as compared to 0.49% for the quarter ending 30 September 2023. The bank's total capital adequacy ratio (CAR) as per basel III guidelines was at 19.8% as on 30 September 2024 as compared to 19.5% as on 30 September 2023. Tier 1 CAR was at 17.8% and common equity tier 1 capital ratio was at 17.3% as of 30 September 2024. HDFC Bank is private sector lender. As of 30 September 2024, the bank's distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 26.87%, vs industry avg of 17.21%
Increasing Market Share
Over the last 5 years, market share increased from 24.06% to 35.37%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 23.46%, vs industry avg of 31.67%