HDB HDFC Bank Ltd
$23.67
▲ 0.6%Updated Oct 16, 2:25 PM ET
Report Card
HDB at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Favorable · 70/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▼ Down 28.3% in the year to Jul 6, 2026
Key Metrics
Market Cap
$148.04B
P/E
16.23x
Forward P/E (est.)
23.18x
ROE
13.6%
Revenue Growth
47.4%
EPS Growth
-38.5%
Profit Margin
32.5%
FCF Yield
—
Debt / Equity
1x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
1.6%
Implied Growth (rev. DCF)
0.1%
Rating Score
70/100
Business Overview
HDFC Bank Ltd (HDB) is a large-cap NYSE-listed company in the Banking industry, within the Financials sector, with a market value around $148.04B.
In its latest reported year it generated about $25.64B in revenue and $7.88B in net profit.
Our model rates HDB Favorable (70/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what HDB's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. HDB trades near $23.67, below its 50-day average ($24.74) and 200-day average ($30.89). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 80 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. HDB's is $0.67 (~2.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, HDB found buyers near $22.91 (support) and sellers near $27.49 (resistance); its 52-week range then was $22.91–$39.81. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.7× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
24.4%
Revenue moved from $5.55B in 2016 to $25.64B in 2025, a 18.5% compound annual growth rate. The most recent year grew a strong 47.4% year over year. Consistent top-line growth is one sign of healthy demand.
Profitability
Gross Margin
—
Operating Margin
42.0%
Net Margin
30.8%
ROE
13.6%
HDFC Bank Ltd keeps about 32.5% of each sales dollar as net profit. Return on equity is 13.6%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
$68.67B
Net Debt
$59.85B
Net Debt / EBITDA
—
Debt / Equity
1x
Leverage: debt-to-equity is 1.0x. That is a moderate, manageable debt load for most businesses. It carries roughly $68.67B of total debt against $8.82B of cash.
Cash Flow Analysis
Operating CF
$14.00B
Free Cash Flow
$13.22B
FCF Margin
51.6%
In the latest year HDFC Bank Ltd produced about $14.00B of operating cash flow and $13.22B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockThe dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
1.6%
Per share (latest FY)
$0.26
Total paid (latest FY)
$1.85B
History on record
10 years
dividend uses 14% of free cash flow
23% of net income paid out
total dividends increased 1 year in a row
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
16.23x
P/S
9.05x
P/B
1.92x
EV / EBITDA
—
HDB trades at 16.2x trailing earnings (about 23.2x on estimated forward earnings), 9.0x sales, and 1.9x book value. Reverse-engineering today's price implies the market expects roughly 0.1% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
DCF Fair Value (Educational)
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
How this DCF estimate is calculatedDCF fair value / share
$71.53
Current price
$23.67
Starting FCF (latest 10-K)
$13.22B
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Metrics vs. Sector Range
Where HDB sits versus the Financials companies we cover.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How HDB stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
Among the 141 rated Financials companies we cover, HDB ranks #41 by our overall rating. It trades at roughly in line versus the sector on earnings (16.2x P/E vs. 14.9x median) with a lower return on equity (13.6% vs. 13.6%) and faster revenue growth (47.4% vs. 15.9%).
P/E vs sector
16.2x
median 14.9x
ROE vs sector
13.6%
median 13.6%
Growth vs sector
47.4%
median 15.9%
Sector rank
#41
of 141 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 141 rated companies among the 289 Financials stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$81.45 – $130.32
vs. $23.67 today · implied CAGR 28% – 41%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $37.17B | $53.90B | $78.16B | $113.33B | $164.32B |
| Net income | $11.52B | $16.71B | $24.23B | $35.13B | $50.94B |
| EPS | $1.84 | $2.67 | $3.87 | $5.62 | $8.14 |
| Share price (low) | $18.43 | $26.72 | $38.74 | $56.17 | $81.45 |
| Share price (high) | $29.48 | $42.75 | $61.98 | $89.87 | $130.32 |
| CAGR (low–high) | -22% / 25% | 6% / 34% | 18% / 38% | 24% / 40% | 28% / 41% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for HDB:
- Revenue is growing 47.4% a year, a sign of real demand.
- High net margins (32.5%) point to pricing power or efficiency.
- Our model's overall read is Favorable (70/100).
Bear Case
The case against HDB:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Balance-sheet risk — debt/equity of 1.0x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the fundamentals screen favourably: HDFC Bank Ltd is a large-cap financials business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 16.2x earnings, which our model scores Favorable (70/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Latest SEC Filings
HDB's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
HDB — frequently asked questions
Is HDB a good stock to buy?
We don't give buy or sell advice. Our model rates HDFC Bank Ltd Favorable (70/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is HDB's rating on The Stocks School?
HDFC Bank Ltd currently scores 70/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does HDB's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from HDFC Bank Ltd's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for HDB calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this HDB analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell HDB. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.