HDFCBANK

HDFC Bank Limited

India's largest private-sector bank by assets, retail and wholesale

Financial Services›Financial Services›Banks›Private Sector Bank

hdfc.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹728.85
Market cap
11,23,785 Cr
Stock P/E
14.0
P/B
1.94
Dividend yield
1.8%
ROE (FY26)
13.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

HDFC Bank is a large Indian private-sector bank that takes deposits and lends to individuals, small and mid-sized businesses and large companies, and also sells cards and other financial services.

Company snapshot

1stBy market cap

Ranked among 20 companies in Private Sector Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 82.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Other Banking Business
10.5%
9,165 Cr3,588 Cr1,08,862 Cr
Retail Banking
82.3%
71,974 Cr6,423 Cr15,04,061 Cr
Treasury
17.6%
15,429 Cr925 Cr9,39,562 Cr
Wholesale Banking
54.5%
47,683 Cr11,497 Cr11,79,624 Cr

Shares add up to 165% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 15.3% — the business keeps a healthy share of every rupee it earns.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Net Interest Income34,766 Cr35,742 Cr36,967 Cr37,588 Cr38,126 Cr39,793 Cr39,663 Cr40,253 Cr41,246 Cr41,962 Cr42,950 Cr44,464 Cr
Other income37,007 Cr44,958 Cr35,450 Cr38,455 Cr27,154 Cr33,489 Cr45,683 Cr31,567 Cr39,860 Cr29,737 Cr42,535 Cr34,227 Cr
Net operating income71,773 Cr80,700 Cr72,417 Cr76,043 Cr65,280 Cr73,283 Cr85,346 Cr71,820 Cr81,106 Cr71,700 Cr85,485 Cr78,691 Cr
Employee cost7,860 Cr9,423 Cr8,289 Cr8,519 Cr8,518 Cr8,810 Cr8,897 Cr9,318 Cr10,300 Cr9,089 Cr9,342 Cr9,774 Cr
Other expenses38,066 Cr39,705 Cr38,257 Cr40,286 Cr28,832 Cr35,094 Cr40,286 Cr31,561 Cr40,224 Cr31,499 Cr45,146 Cr36,046 Cr
Provisions & contingencies4,604 Cr13,811 Cr3,143 Cr3,269 Cr3,957 Cr3,805 Cr15,314 Cr4,282 Cr3,621 Cr3,440 Cr3,803 Cr4,209 Cr
Depreciation————————————
Profit before tax21,243 Cr17,371 Cr22,727 Cr23,167 Cr23,973 Cr25,124 Cr20,850 Cr25,906 Cr26,961 Cr26,948 Cr27,193 Cr27,825 Cr
Tax %16.6%-1.4%24.4%23.1%23.5%25.0%18.0%24.3%23.3%24.5%25.0%25.6%
Net profit17,718 Cr17,622 Cr17,188 Cr17,826 Cr18,340 Cr18,835 Cr17,090 Cr19,611 Cr20,691 Cr20,351 Cr20,383 Cr20,700 Cr
EPS (₹)₹22.74₹23.20₹21.67₹23.40₹23.11₹24.62₹21.23₹12.78₹12.88₹13.22₹12.50₹13.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income35,230 Cr42,906 Cr51,448 Cr60,052 Cr69,305 Cr77,352 Cr92,974 Cr1,29,510 Cr1,52,473 Cr1,63,124 CrSign in free for the trailing twelve months
Other income12,878 Cr16,057 Cr18,947 Cr24,879 Cr27,333 Cr31,759 Cr33,912 Cr1,24,346 Cr1,34,549 Cr1,46,848 CrSign in free for the trailing twelve months
Net operating income48,107 Cr58,963 Cr70,395 Cr84,931 Cr96,638 Cr1,09,111 Cr1,26,886 Cr2,53,856 Cr2,87,022 Cr3,09,972 CrSign in free for the trailing twelve months
Employee cost——10,451 Cr12,920 Cr13,677 Cr15,897 Cr20,017 Cr31,023 Cr34,136 Cr37,605 CrSign in free for the trailing twelve months
Other expenses——64,164 Cr20,116 Cr21,325 Cr24,415 Cr31,517 Cr1,21,246 Cr1,42,469 Cr1,43,569 CrSign in free for the trailing twelve months
Provisions & contingencies3,991 Cr6,572 Cr8,382 Cr13,700 Cr18,840 Cr17,925 Cr13,854 Cr25,018 Cr14,175 Cr26,656 CrSign in free for the trailing twelve months
Depreciation——————————Sign in free for the trailing twelve months
Profit before tax23,368 Cr28,464 Cr34,318 Cr38,195 Cr42,796 Cr50,873 Cr61,498 Cr75,184 Cr93,594 Cr98,948 CrSign in free for the trailing twelve months
Tax %34.6%34.8%34.6%28.5%25.6%25.0%25.0%14.8%24.4%23.2%Sign in free for the trailing twelve months
Net profit15,290 Cr18,561 Cr22,446 Cr27,254 Cr31,857 Cr38,151 Cr46,149 Cr64,062 Cr70,792 Cr76,026 CrSign in free for the trailing twelve months
EPS (₹)₹59.95₹71.73₹83.30₹49.80₹57.90₹68.80₹82.64₹90.42₹92.81₹49.50Sign in free for the trailing twelve months
Dividend payout %————0.0%9.4%18.6%13.1%20.9%27.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital513 Cr519 Cr545 Cr548 Cr551 Cr555 Cr558 Cr760 Cr765 Cr1,539 Cr
Reserves91,281 Cr1,09,080 Cr1,53,128 Cr1,76,387 Cr2,03,170 Cr2,46,772 Cr2,88,880 Cr4,52,983 Cr5,17,219 Cr5,79,975 Cr
Borrowings98,416 Cr1,56,442 Cr1,57,733 Cr1,86,834 Cr1,35,487 Cr2,26,967 Cr2,56,549 Cr7,30,615 Cr6,34,606 Cr5,88,485 Cr
Other liabilities7,02,135 Cr8,37,145 Cr9,81,400 Cr12,17,061 Cr14,07,662 Cr16,48,642 Cr19,84,446 Cr28,45,836 Cr32,39,828 Cr37,38,042 Cr
Total liabilities8,92,344 Cr11,03,186 Cr12,92,806 Cr15,80,830 Cr17,46,871 Cr21,22,934 Cr25,30,432 Cr40,30,194 Cr43,92,417 Cr49,08,041 Cr
Fixed assets (net)3,815 Cr3,811 Cr4,220 Cr4,627 Cr4,909 Cr6,283 Cr8,283 Cr12,604 Cr15,258 Cr16,492 Cr
CWIP——————————
Investments2,10,777 Cr2,38,461 Cr2,89,446 Cr3,89,305 Cr4,43,728 Cr4,49,264 Cr5,11,582 Cr10,05,682 Cr11,86,473 Cr12,80,216 Cr
Loans & advances5,85,481 Cr7,00,034 Cr8,69,223 Cr10,43,671 Cr11,32,837 Cr14,20,942 Cr16,61,949 Cr25,65,891 Cr27,24,938 Cr30,50,783 Cr
Cash & bank37,911 Cr1,04,688 Cr46,805 Cr72,211 Cr97,341 Cr1,30,031 Cr1,17,189 Cr1,78,719 Cr1,44,390 Cr2,00,707 Cr
Other assets54,361 Cr56,193 Cr83,113 Cr71,017 Cr68,056 Cr1,16,414 Cr2,31,430 Cr2,67,299 Cr3,21,358 Cr3,59,843 Cr
Total assets8,92,344 Cr11,03,186 Cr12,92,806 Cr15,80,830 Cr17,46,871 Cr21,22,934 Cr25,30,432 Cr40,30,194 Cr43,92,417 Cr49,08,041 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity17,282 Cr17,214 Cr-62,872 Cr-16,869 Cr42,500 Cr-11,960 Cr20,814 Cr19,069 Cr1,27,242 Cr1,13,506 Cr
Cash from investing-1,148 Cr-852 Cr-1,598 Cr-1,617 Cr-1,681 Cr-2,216 Cr-3,424 Cr5,314 Cr-3,851 Cr6,363 Cr
Cash from financing-5,893 Cr57,378 Cr23,131 Cr24,394 Cr-7,321 Cr48,124 Cr23,941 Cr7,199 Cr-1,02,478 Cr-59,005 Cr
Net cash flow10,242 Cr73,750 Cr-41,244 Cr6,122 Cr33,356 Cr34,113 Cr41,762 Cr31,687 Cr21,113 Cr61,978 Cr
Free cash flow (OCF − Capex)16,124 Cr15,606 Cr-64,492 Cr-18,505 Cr40,804 Cr-14,196 Cr17,347 Cr14,783 Cr1,23,166 Cr1,09,616 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %16.6%16.9%14.6%15.4%15.6%15.4%15.9%14.1%13.2%13.1%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA——11,224 Cr12,650 Cr15,086 Cr16,141 Cr18,019 Cr31,173 Cr35,223 Cr34,061 Cr
Gross NPA %1.1%1.3%1.4%1.3%1.3%1.2%1.1%1.2%1.3%1.1%
Net NPA——3,215 Cr3,542 Cr4,555 Cr4,408 Cr4,368 Cr8,092 Cr11,320 Cr11,170 Cr
Net NPA %0.3%0.4%0.4%0.4%0.4%0.3%0.3%0.3%0.4%0.4%
CET1 %12.8%12.3%14.9%18.5%18.8%18.9%19.3%18.8%19.6%19.7%
Additional Tier 1 %0.0%1.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
ROA %1.9%1.9%1.9%2.0%2.0%2.0%2.1%2.0%1.9%1.9%