HDFC Bank Ltd.

NSE: HDFCBANK · Financial Services

₹788.25+3.72%06 Nov 2026

Ask the data

Instant answers about HDFC Bank Ltd. — computed from its filings, no language model

Market cap₹12,15,371 cr

Current price₹788.25

High / Low₹1,010 / ₹680

P/E15.2

P/B2.01

Book value₹391.4

ROE13.3%

ROCE—

Debt / equity—

Dividend yield1.70%

EPS (TTM)₹51.95

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Total income	1,47,068	1,55,885	1,67,695	2,04,666	4,07,995	4,70,916	4,95,463
Pre-provision op. profit	51,895	61,636	68,799	75,352	1,01,587	1,10,417	1,28,798
Operating margin	35.3%	39.5%	41.0%	36.8%	24.9%	23.4%	26.0%
Interest	62,137	59,248	58,584	77,780	1,54,139	1,83,894	1,85,491
Profit before tax	38,195	42,796	50,873	61,498	75,184	93,594	98,948
Tax	10,899	10,939	12,722	15,350	11,122	22,802	22,922
Net profit	27,254	31,833	38,053	45,997	64,062	68,144	76,026
EPS ₹	49.80	57.90	68.80	82.64	90.42	92.81	49.50
Operating cash flow	—	—	-11,960	20,814	19,069	1,27,242	1,13,506
Capex	—	—	2,236	3,467	4,287	4,076	3,890
Dividend paid	—	—	3,592	8,605	8,404	14,826	20,706
Total assets	15,80,830	17,99,507	21,22,934	—	40,30,194	43,92,417	49,08,041
Equity	1,76,359	2,09,810	2,47,326	—	4,53,743	5,17,984	5,81,514

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Total income	34,324	36,131	38,326	38,287	36,699	38,438	39,839	40,909	38,934	41,436	43,365	43,960	44,202	49,182	54,123	57,159	61,021	1,07,567	1,15,016	1,24,391	1,16,996	1,21,457	1,12,194	1,20,269	1,33,055	1,18,561	1,26,927	1,16,920	1,33,110	1,29,359
Pre-provision op. profit	11,749	12,520	13,727	13,898	13,684	14,798	16,136	17,018	16,008	17,036	18,034	17,720	16,489	18,722	20,180	19,962	19,889	24,279	25,847	31,572	25,870	27,237	27,930	29,379	36,163	30,941	30,582	31,112	30,996	32,872
Operating margin	34.2%	34.7%	35.8%	36.3%	37.3%	38.5%	40.5%	41.6%	41.1%	41.1%	41.6%	40.3%	37.3%	38.1%	37.3%	34.9%	32.6%	22.6%	22.5%	25.4%	22.1%	22.4%	24.9%	24.4%	27.2%	26.1%	24.1%	26.6%	23.3%	25.4%
Other income	5,148	6,114	7,125	6,492	4,347	6,696	7,987	8,303	6,680	7,916	8,777	8,386	6,929	8,252	9,121	9,610	9,853	32,528	37,007	44,958	35,450	38,455	27,154	33,489	45,683	31,567	39,860	29,737	42,535	34,227
Interest	14,977	15,558	16,073	15,529	15,608	15,033	14,523	14,083	14,218	14,415	14,724	15,227	16,358	18,311	20,505	22,606	25,955	41,250	43,242	43,692	44,580	45,414	46,914	46,986	47,709	46,741	45,821	45,220	47,626	50,667
Profit before tax	8,835	9,429	10,249	9,682	9,340	10,378	11,813	11,266	10,642	12,324	14,218	13,690	12,823	14,956	16,936	16,783	16,597	20,967	21,243	17,371	22,727	23,167	23,973	25,124	20,850	25,906	26,961	26,948	27,193	27,825
Tax	3,144	2,780	2,589	2,385	2,399	2,666	3,053	2,821	2,702	3,204	3,602	3,215	3,207	3,794	4,201	4,149	4,193	3,655	3,525	-251	5,539	5,341	5,633	6,289	3,759	6,295	6,270	6,597	6,810	7,125
Net profit	5,676	6,638	7,660	7,280	6,927	7,703	8,769	8,434	7,922	9,096	10,591	10,443	9,579	11,125	12,698	12,594	12,370	16,811	17,258	17,622	16,475	17,826	17,657	18,385	16,258	19,611	19,807	20,351	19,245	20,700
EPS ₹	20.80	12.10	14.00	13.30	12.60	14.00	15.90	15.30	14.40	16.40	19.10	18.80	17.30	20.01	22.78	22.58	22.15	22.24	22.74	23.20	21.67	23.40	23.11	24.62	21.23	12.78	12.88	13.22	12.50	13.43
Revenue YoY	—	—	—	—	6.9%	6.4%	3.9%	6.8%	6.1%	7.8%	8.9%	7.5%	13.5%	18.7%	24.8%	30.0%	38.0%	118.7%	112.5%	117.6%	91.7%	12.9%	-2.5%	-3.3%	13.7%	-2.4%	13.1%	-2.8%	0.0%	9.1%
Profit YoY	—	—	—	—	22.0%	16.0%	14.5%	15.8%	14.4%	18.1%	20.8%	23.8%	20.9%	22.3%	19.9%	20.6%	29.1%	51.1%	35.9%	39.9%	33.2%	6.0%	2.3%	4.3%	-1.3%	10.0%	12.2%	10.7%	18.4%	5.6%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

HDFC Bank Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Total income	19,623	19,981	24,213	32,530	41,041	49,055	57,466	70,973	81,602	95,462	1,16,598
Pre-provision op. profit	5,179	6,430	7,725	8,950	11,139	14,360	17,404	21,364	25,732	32,625	39,750
Operating margin	26.4%	32.2%	31.9%	27.5%	27.1%	29.3%	30.3%	30.1%	31.5%	34.2%	34.1%
Other income	3,291	3,808	4,284	5,244	6,477	7,920	8,996	10,752	12,296	15,220	17,626
Interest	8,911	7,786	9,385	14,990	19,254	22,653	26,074	32,630	36,167	40,146	50,729
Profit before tax	3,299	4,289	5,819	7,513	9,751	12,772	15,329	18,638	22,139	26,697	32,200
Tax	1,054	1,340	1,892	2,346	3,024	4,294	5,113	6,342	7,589	9,211	11,122
Net profit	2,245	2,949	3,926	5,167	6,726	8,478	10,216	12,296	14,550	17,487	21,078

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Total income	2,845	3,406	3,506	4,215	4,634	5,408	5,366	5,137	4,999	4,888	4,957	5,360	5,771	6,358	6,724	7,098	7,929	8,623	8,880	9,537	9,870	10,507	11,128	11,589	11,938	12,739	12,790	13,071	13,895	14,931	15,570	16,503	17,324	18,283	18,863	19,323	19,971	20,748	21,561	22,185	23,276	24,450	25,550	26,367	28,215	30,811	31,204
Pre-provision op. profit	827	1,066	1,089	1,028	1,123	1,458	1,571	1,519	1,593	1,624	1,694	1,749	1,807	2,073	2,097	2,033	2,126	2,378	2,413	2,581	2,571	3,024	2,963	3,306	3,387	3,888	3,779	3,844	4,060	4,779	4,722	4,850	5,043	5,736	5,735	5,819	6,025	6,609	7,279	7,520	7,818	8,451	8,836	8,648	9,480	10,778	10,844
Operating margin	29.1%	31.3%	31.1%	24.4%	24.2%	27.0%	29.3%	29.6%	31.9%	33.2%	34.2%	32.6%	31.3%	32.6%	31.2%	28.6%	26.8%	27.6%	27.2%	27.1%	26.1%	28.8%	26.6%	28.5%	28.4%	30.5%	29.5%	29.4%	29.2%	32.0%	30.3%	29.4%	29.1%	31.4%	30.4%	30.1%	30.2%	31.9%	33.8%	33.9%	33.6%	34.6%	34.6%	32.8%	33.6%	35.0%	34.8%
Other income	482	679	549	593	643	939	1,115	1,044	1,007	853	904	940	961	1,128	1,256	1,120	1,212	1,420	1,492	1,529	1,345	1,799	1,804	1,926	1,844	2,148	2,001	1,851	2,047	2,535	2,564	2,462	2,552	2,872	2,866	2,807	2,901	3,143	3,446	3,517	3,606	3,869	4,229	3,818	4,016	4,921	4,871
Interest	1,200	1,289	1,314	1,898	2,125	2,489	2,399	2,238	2,036	1,811	1,702	2,019	2,284	2,453	2,629	3,130	3,773	4,087	4,000	4,523	4,793	4,909	5,029	5,244	5,617	5,956	5,836	6,048	6,337	6,696	6,993	7,652	8,092	8,343	8,543	8,735	9,076	9,297	9,059	9,298	9,918	10,267	10,663	11,735	12,436	13,314	13,244
Profit before tax	537	643	624	683	777	926	913	860	999	1,176	1,254	1,194	1,353	1,607	1,666	1,590	1,760	2,049	2,115	2,094	2,278	2,716	2,662	2,779	3,001	3,499	3,493	3,361	3,604	4,218	4,145	4,122	4,362	5,082	5,072	4,952	5,276	5,893	6,018	5,961	6,342	7,100	7,295	7,018	7,660	8,567	8,954
Tax	169	214	152	219	249	305	282	254	311	357	418	382	440	519	551	505	560	619	662	676	718	857	772	935	1,018	1,173	1,167	1,128	1,223	1,424	1,338	1,426	1,492	1,725	1,698	1,714	1,820	2,028	2,028	2,067	2,191	2,457	2,495	2,417	2,654	2,981	3,069
Net profit	368	429	471	464	528	622	631	606	687	818	837	812	912	1,088	1,115	1,085	1,199	1,430	1,453	1,417	1,560	1,859	1,890	1,844	1,982	2,326	2,327	2,233	2,381	2,795	2,807	2,696	2,869	3,357	3,374	3,239	3,455	3,865	3,990	3,894	4,151	4,643	4,799	4,601	5,006	5,586	5,885
EPS ₹	10.60	12.10	13.30	11.00	12.40	14.60	14.80	14.20	16.10	18.70	18.30	17.70	19.80	23.50	24.00	23.30	5.10	6.10	6.20	6.00	6.60	7.90	8.00	7.70	8.30	9.80	9.70	9.30	9.90	11.50	11.40	10.70	11.50	13.30	13.30	12.80	13.60	15.20	15.60	15.20	16.10	17.90	18.50	17.70	18.70	20.60	21.60
Revenue YoY	—	—	—	—	62.9%	58.8%	53.1%	21.9%	7.9%	-9.6%	-7.6%	4.3%	15.4%	30.1%	35.7%	32.4%	37.4%	35.6%	32.1%	34.4%	24.5%	21.8%	25.3%	21.5%	21.0%	21.2%	14.9%	12.8%	16.4%	17.2%	21.7%	26.3%	24.7%	22.5%	21.1%	17.1%	15.3%	13.5%	14.3%	14.8%	16.6%	17.8%	18.5%	18.8%	21.2%	26.0%	22.1%
Profit YoY	—	—	—	—	43.3%	44.8%	33.9%	30.5%	30.2%	31.6%	32.6%	33.9%	32.7%	32.9%	33.2%	33.7%	31.5%	31.4%	30.4%	30.6%	30.1%	30.0%	30.1%	30.1%	27.1%	25.1%	23.1%	21.1%	20.1%	20.2%	20.6%	20.7%	20.5%	20.1%	20.2%	20.2%	20.4%	15.1%	18.3%	20.2%	20.1%	20.1%	20.3%	18.2%	20.6%	20.3%	22.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	15.5%	16.2%	16.8%	17.4%	15.2%	15.6%	16.3%	17.2%	15.4%	16.1%	15.9%	16.7%	17.5%	18.6%	20.8%	22.5%	14.1%	15.0%	14.5%	14.5%	13.6%	13.5%	13.3%	13.7%	13.1%	13.6%	13.3%
Net margin	18.5%	19.1%	19.5%	20.0%	20.4%	20.8%	21.2%	21.9%	22.7%	23.0%	23.1%	22.9%	22.5%	22.0%	19.5%	17.3%	15.7%	14.7%	14.5%	14.6%	14.9%	14.4%	14.9%	14.8%	15.3%	15.9%	15.8%
EBITDA margin	35.3%	36.0%	37.0%	38.2%	39.5%	40.5%	41.1%	41.4%	41.0%	40.1%	39.3%	38.2%	36.8%	35.6%	30.1%	26.4%	24.9%	23.2%	23.1%	23.7%	23.4%	24.8%	25.7%	25.5%	26.0%	24.9%	24.8%
Asset turnover	0.09	0.09	0.10	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.09	0.10	0.12	0.15	0.10	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	480	501	506	513	519	545	548	551	555	557	760	763	765	1,536	1,539	1,542
Reserves	43,687	62,653	73,798	91,281	1,09,080	1,53,128	1,75,810	2,09,259	2,46,772	2,61,759	4,52,983	4,77,794	5,17,219	5,37,608	5,79,975	6,01,927
Total equity	44,167	63,154	74,304	91,794	1,09,599	1,53,673	1,76,359	2,09,810	2,47,326	2,62,316	4,53,743	4,78,557	5,17,984	5,39,144	5,81,514	6,03,469
Deposits	3,67,080	4,50,284	5,45,873	6,43,134	7,88,375	9,22,503	11,46,207	13,33,721	15,58,003	16,71,646	23,76,887	24,96,325	27,10,898	27,98,170	30,99,638	33,24,146
Borrowings	49,597	59,478	1,03,714	98,416	1,56,442	1,57,733	1,86,834	1,77,697	2,26,966	2,51,743	7,30,615	6,66,039	6,34,606	5,99,507	5,88,485	5,94,144
Total assets	5,03,620	6,07,097	7,62,212	8,92,344	11,03,186	12,92,806	15,80,830	17,99,507	21,22,934	22,83,577	40,30,194	41,51,788	43,92,417	45,14,741	49,08,041	51,65,842
Advances	3,15,419	3,83,408	4,87,290	5,85,481	7,00,034	8,69,223	10,43,671	11,85,284	14,20,942	15,33,945	25,65,891	25,85,710	27,24,938	28,53,903	30,50,783	33,16,058
Investments	1,19,571	1,49,454	1,93,634	2,10,777	2,38,461	2,89,446	3,89,305	4,38,823	4,49,264	5,12,493	10,05,682	10,61,585	11,86,473	12,50,391	12,80,216	13,56,850
Fixed assets	3,026	3,225	3,480	3,815	3,811	4,220	4,627	5,100	6,283	6,828	12,604	14,171	15,258	15,538	16,492	16,431
Cash & bank balances	39,913	36,526	39,069	49,311	1,23,062	81,818	87,940	1,21,273	1,55,386	1,04,723	2,28,835	2,66,385	2,49,948	1,77,058	3,11,926	2,63,800

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	4,211	-21,281	-34,435	17,282	17,214	-62,872	-16,869	42,476	-11,960	20,814	19,069	1,27,242	1,13,506
Cash from investing	-1,067	-811	-866	-1,148	-852	-1,598	-1,617	-1,681	-2,216	-3,424	5,314	-3,851	6,363
Cash from financing	9,270	18,694	37,815	-5,893	57,378	23,131	24,394	-7,321	48,124	23,941	7,199	-1,02,478	-59,005
Capex	853	772	877	1,158	848	1,621	1,636	1,696	2,236	3,467	4,287	4,076	3,890
Free cash flow	3,358	-22,053	-35,313	16,124	16,367	-64,492	-18,505	40,780	-14,196	17,347	14,783	1,23,166	1,09,616
Dividends paid	1,314	1,649	2,009	2,408	2,831	—	—	0	3,592	8,605	8,404	14,826	20,706

Where the assets sit

Sep '26 · ₹ crore

Advances

₹33,16,058 cr64%

Investments

₹13,56,850 cr26%

Fixed assets

₹16,431 cr0%

Cash & bank

₹2,63,800 cr5%

Other assets

₹2,12,703 cr4%

Peer comparison

largest in Financial Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
HDFC Bank Ltd.	12,15,371	788.25	15.2	2.01	13.3%
ICICI Bank Ltd.	11,28,090	1,571.20	19.1	2.75	14.4%
State Bank of India	9,40,157	1,018.50	10.4	1.36	13.1%
Bajaj Finance Ltd.	6,77,005	1,087.75	—	—	—
Kotak Mahindra Bank Ltd.	4,77,499	480.00	22.2	2.45	11.0%
Axis Bank Ltd.	4,11,911	1,322.90	13.8	1.79	13.0%
Shriram Finance Ltd.	2,26,163	961.15	—	—	—
BSE Ltd.	1,55,002	3,800.00	50.3	19.49	38.8%
Cholamandalam Investment and Finance Company Ltd.	1,53,126	1,785.00	—	—	—
Jio Financial Services Ltd.	1,52,665	231.20	—	—	—

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+12.2%

6 months-1.0%

1 year-21.8%

3Y CAGR+1.8%

5Y CAGR-0.3%

10Y CAGR+9.7%

50-day avg₹713.70

200-day avg₹784.65

RSI (14)68

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FAQs

What is the share price of HDFC Bank Ltd.?

HDFC Bank Ltd. (HDFCBANK) closed at ₹788.25 on NSE on 06 Nov 2026.

What is the market cap of HDFC Bank Ltd.?

₹12,15,371 crore at the latest close.

What is the P/E ratio of HDFC Bank Ltd.?

15.2, on trailing-twelve-month earnings from its filings.

How fast is HDFC Bank Ltd. growing?

HDFC Bank Ltd.: revenue has compounded at 34.3% a year over three years; net profit at 18.2% a year. Latest-quarter revenue is up 9.1% year on year, profit up 5.6%.

How profitable is HDFC Bank Ltd.?

On a trailing-twelve-month basis return on equity is 13.3%, operating margin 24.8%, net margin 15.8%.

How much debt does HDFC Bank Ltd. have?

Debt to equity isn't meaningful for HDFC Bank Ltd. (banks borrow as part of their business) or isn't filed yet.

Financials parsed from HDFC Bank Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.