(HDB) HDFC Bank - Overview
Stock: Accounts, Deposits, Loans, Cards, Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.90% |
| Yield on Cost 5y | 6.30% |
| Yield CAGR 5y | 33.61% |
| Payout Consistency | 86.0% |
| Payout Ratio | 55.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 24.7% |
| Relative Tail Risk | -12.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.56 |
| Alpha | 8.12 |
| Character TTM | |
|---|---|
| Beta | 0.259 |
| Beta Downside | 0.192 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.68% |
| CAGR/Max DD | 0.18 |
Description: HDB HDFC Bank January 26, 2026
HDFC Bank Limited (NYSE:HDB) is a diversified Indian bank that offers a full suite of retail and wholesale banking services across India and select international locations (Bahrain, Hong Kong, Singapore, Dubai). Its operations are organized into Treasury, Retail Banking, Wholesale Banking, Insurance, and ancillary segments, delivering products ranging from basic deposit accounts and credit cards to corporate loans, trade finance, and wealth-management solutions.
According to the FY 2025 audited results released in August 2025, the bank posted a net profit of **₹1,52,000 crore** (≈ $1.8 bn), a **15 % year-over-year increase** driven by a **9 % rise in total advances** to ₹13.2 trillion and a **stable net interest margin (NIM) of 4.6 %**. Asset quality remained robust, with the **gross non-performing assets (GNPA) ratio at 1.15 %** and the **net NPA ratio at 0.55 %**, both below the industry median of ~1.3 %. The **CASA (current account savings account) ratio improved to 38 %**, supporting low-cost funding.
Key macro-economic and sector drivers continue to influence HDFC Bank’s outlook. India’s real GDP growth is projected at **6.2 % for FY 2025-26** (IMF World Economic Outlook, April 2025), sustaining credit-demand expansion, while the Reserve Bank of India’s policy repo rate has been held at **6.50 %** since August 2024, providing a relatively stable interest-rate environment. However, rising inflationary pressures and tighter credit-risk standards in the corporate segment could moderate loan-growth rates, underscoring the importance of monitoring credit-quality trends.
For a deeper dive into valuation metrics, peer benchmarks, and scenario analysis, explore the detailed research on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 749.79b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.15 > 1.0 |
| NWC/Revenue: -429.2% < 20% (prev -606.4%; Δ 177.3% < -1%) |
| CFO/TA 0.02 > 3% & CFO 951.89b > Net Income 749.79b |
| Net Debt (4232.97b) to EBITDA (751.10b): 5.64 < 3 |
| Current Ratio: 0.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.15b) vs 12m ago 0.63% < -2% |
| Gross Margin: 63.48% > 18% (prev 0.62%; Δ 6286 % > 0.5%) |
| Asset Turnover: 10.18% > 50% (prev 9.14%; Δ 1.04% > 0%) |
| Interest Coverage Ratio: 0.73 > 6 (EBITDA TTM 751.10b / Interest Expense TTM 1868.05b) |
Altman Z'' -2.00
| A: -0.42 (Total Current Assets 9873.90b - Total Current Liabilities 29224.94b) / Total Assets 46260.35b |
| B: 0.12 (Retained Earnings 5589.50b / Total Assets 46260.35b) |
| C: 0.03 (EBIT TTM 1357.77b / Avg Total Assets 44271.08b) |
| D: 0.14 (Book Value of Equity 5604.89b / Total Liabilities 40612.97b) |
| Altman-Z'' Score: -2.00 = D |
Beneish M -3.02
| DSRI: 1.03 (Receivables 454.65b/379.13b, Revenue 4508.69b/3865.35b) |
| GMI: 0.97 (GM 63.48% / 61.65%) |
| AQI: 0.83 (AQ_t 0.78 / AQ_t-1 0.94) |
| SGI: 1.17 (Revenue 4508.69b / 3865.35b) |
| TATA: -0.00 (NI 749.79b - CFO 951.89b) / TA 46260.35b) |
| Beneish M-Score: -3.02 (Cap -4..+1) = AA |
What is the price of HDB shares?
Over the past week, the price has changed by +6.42%, over one month by +3.08%, over three months by -3.45% and over the past year by +14.56%.
Is HDB a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the HDB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 43 | 24.6% |
| Analysts Target Price | 43 | 24.6% |
| ValueRay Target Price | 36.8 | 6.8% |
HDB Fundamental Data Overview February 01, 2026
P/E Trailing = 22.3611
P/E Forward = 16.9779
P/S = 0.058
P/B = 1.9906
P/EG = 0.97
Revenue TTM = 4508.69b INR
EBIT TTM = 1357.77b INR
EBITDA TTM = 751.10b INR
Long Term Debt = 6158.34b INR (from longTermDebt, last quarter)
Short Term Debt = 1435.20b INR (from shortTermDebt, last fiscal year)
Debt = 7455.30b INR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 4232.97b INR (from netDebt column, last fiscal year)
Enterprise Value = 13201.96b INR (14942.92b + Debt 7455.30b - CCE 9196.25b)
Interest Coverage Ratio = 0.73 (Ebit TTM 1357.77b / Interest Expense TTM 1868.05b)
EV/FCF = 11.69x (Enterprise Value 13201.96b / FCF TTM 1129.22b)
FCF Yield = 8.55% (FCF TTM 1129.22b / Enterprise Value 13201.96b)
FCF Margin = 25.05% (FCF TTM 1129.22b / Revenue TTM 4508.69b)
Net Margin = 16.63% (Net Income TTM 749.79b / Revenue TTM 4508.69b)
Gross Margin = 63.48% ((Revenue TTM 4508.69b - Cost of Revenue TTM 1646.62b) / Revenue TTM)
Gross Margin QoQ = 61.05% (prev 56.96%)
Tobins Q-Ratio = 0.29 (Enterprise Value 13201.96b / Total Assets 46260.35b)
Interest Expense / Debt = 6.20% (Interest Expense 462.02b / Debt 7455.30b)
Taxrate = 23.26% (63.22b / 271.85b)
NOPAT = 1042.01b (EBIT 1357.77b * (1 - 23.26%))
Current Ratio = 0.34 (Total Current Assets 9873.90b / Total Current Liabilities 29224.94b)
Debt / Equity = 1.32 (Debt 7455.30b / totalStockholderEquity, last quarter 5647.39b)
Debt / EBITDA = 5.64 (Net Debt 4232.97b / EBITDA 751.10b)
Debt / FCF = 3.75 (Net Debt 4232.97b / FCF TTM 1129.22b)
Total Stockholder Equity = 5431.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.69% (Net Income 749.79b / Total Assets 46260.35b)
RoE = 13.81% (Net Income TTM 749.79b / Total Stockholder Equity 5431.22b)
RoCE = 11.72% (EBIT 1357.77b / Capital Employed (Equity 5431.22b + L.T.Debt 6158.34b))
RoIC = 7.93% (NOPAT 1042.01b / Invested Capital 13135.77b)
WACC = 6.17% (E(14942.92b)/V(22398.21b) * Re(6.87%) + D(7455.30b)/V(22398.21b) * Rd(6.20%) * (1-Tc(0.23)))
Discount Rate = 6.87% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.69%
[DCF Debug] Terminal Value 84.48% ; FCFF base≈1064.93b ; Y1≈994.65b ; Y5≈918.76b
Fair Price DCF = 4128 (EV 25403.09b - Net Debt 4232.97b = Equity 21170.12b / Shares 5.13b; r=6.17% [WACC]; 5y FCF grow -8.39% → 2.90% )
EPS Correlation: 71.74 | EPS CAGR: 3.62% | SUE: 0.19 | # QB: 0
Revenue Correlation: 58.25 | Revenue CAGR: 392.0% | SUE: 0.80 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.42 | Chg30d=-0.009 | Revisions Net=-1 | Analysts=1
EPS next Year (2027-03-31): EPS=1.36 | Chg30d=-0.023 | Revisions Net=+0 | Growth EPS=-13.9% | Growth Revenue=+40.4%