HDFC Bank (HDFCBANK) · mywealthgrid

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About

HDFC Bank is India's largest private-sector bank by assets (market cap ₹11.2 lakh crore) with ROE 13.83% and stable asset quality across credit cycles. Ownership is concentrated in institutions (FII 41.83%, DII 41.74%) with no promoter stake.

Founded: 1994
Face value: ₹1

Market cap

₹11,10,742 Cr

P/E

14.1×

P/B

1.9×

Dividend yield

5.5%

ROE

13.8%

ROCE

7.1%

Debt / equity

1.01

OPM

41.6%

EPS (TTM)

₹51.3

Book value

₹377.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock down 27% in 1y (₹725–₹1,009.5 range) despite ROE 13.83% and D/E 1.01—suggests valuation risk or operational concerns; verify against peers.

Net profit ₹18.6–₹20.7 Cr/quarter and EPS ₹12–₹13 are flat—earnings growth unclear; verify NIM, fee income, and cost-to-income ratio.

OPM 41.59% is high but vulnerable to deposit competition and rate repricing; verify sustainability vs sector trends.

Asset quality stated as consistent but NPA, coverage, provisioning trends not shown; verify actual credit metrics and sectoral exposures.

Generated analysis · source review pending

Growth drivers

ROE 13.83%: reinvested earnings compound at this rate—verify dividend payout and capital deployment for growth.

D/E 1.01: below typical large-bank leverage, enabling expansion—verify whether loan-book growth is targeted.

Asset quality consistent across cycles; verify whether deployed for provisioning advantage or pricing/market-share gains.

Largest private-sector bank position; verify deposit growth (CASA ratio), retail acquisition, wealth/investment fee income.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹721.2-0.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 41.6%
+Profit CAGR of 19% over the last 5 years
+Revenue CAGR of 22.1% over the last 5 years
+Dividend yield of 5.5%
+Dividend payout of 78% of profit

Cons

−Weak interest coverage of 1.6×

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 39
Growth: 65
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
HDFC BankHDFCBANKHDFCBANK	₹11,10,742 Cr	₹16,99,226 Cr	₹3,51,819 Cr	₹1,50,194 Cr	41.6%	₹79,013 Cr	21.8%	7.1%	13.8%	—
ICICI BankICICIBANKICICIBANK	₹9,38,403 Cr	₹11,58,667 Cr	₹1,98,379 Cr	₹49,020 Cr	26.8%	₹56,357 Cr	29.7%	7.2%	15.4%	—
State Bank of IndiaSBINSBIN	₹8,80,692 Cr	₹16,57,994 Cr	₹5,25,951 Cr	₹2,36,906 Cr	45.9%	₹87,755 Cr	16.8%	6.1%	15.1%	—
Bajaj FinanceBAJFINANCEBAJFINANCE	₹5,90,080 Cr	₹10,25,192 Cr	₹86,164 Cr	₹58,574 Cr	68%	₹20,304 Cr	23.6%	—	18.1%	—
Life Insurance Corporation Of IndiaLICILICI	₹4,95,690 Cr	—	₹9,96,996 Cr	₹0 Cr	—	₹60,080 Cr	5.9%	—	37.6%	—
National Stock Exchange of India LtdNSENSE	₹4,30,972 Cr	₹4,35,023 Cr	₹16,601 Cr	—	—	₹10,302 Cr	62.1%	3.3%	33%	—
Kotak Mahindra BankKOTAKBANKKOTAKBANK	₹4,16,112 Cr	₹5,11,505 Cr	₹70,887 Cr	₹16,835 Cr	26.7%	₹20,354 Cr	27.6%	6.9%	11.5%	—
Axis BankAXISBANKAXISBANK	₹3,78,299 Cr	₹6,58,810 Cr	₹1,35,732 Cr	₹81,034 Cr	60.7%	₹27,822 Cr	20%	6.2%	13.2%	—
Bajaj FinservBAJAJFINSVBAJAJFINSV	₹2,77,303 Cr	₹7,05,550 Cr	₹1,57,642 Cr	₹59,568 Cr	37.7%	₹10,144 Cr	13.1%	—	13%	—
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
SBI Life InsuranceSBILIFESBILIFE	₹1,72,160 Cr	—	₹1,20,361 Cr	₹0 Cr	—	₹2,601 Cr	2.2%	—	13.8%	—
ICICI Prudential Asset Management Company LimitedICICIAMCICICIAMC	₹1,52,462 Cr	₹1,52,462 Cr	₹5,765 Cr	₹4,294 Cr	74.5%	₹3,298 Cr	57.2%	—	85.8%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	63,162	73,271	85,288	1,05,161	1,22,189	1,28,552	1,35,936	1,70,754	2,83,649	3,36,367	3,48,615
Interest	34,070	38,042	42,381	53,713	62,137	59,248	58,584	77,780	1,54,139	1,83,894	1,85,491
Expenses	17,832	20,751	23,927	27,695	46,736	53,842	56,557	63,042	1,74,196	1,86,974	2,03,635
Financing profit	11,260	14,479	18,979	23,753	13,316	15,463	20,795	29,932	-44,685	-34,501	-40,511
Financing margin %	17.8%	19.8%	22.3%	22.6%	10.9%	12%	15.3%	17.5%	-15.8%	-10.3%	-11.6%
Other income	11,212	12,878	16,057	18,947	24,879	27,333	31,759	33,912	1,24,346	1,34,549	1,46,848
Depreciation	—	—	—	—	—	—	1,681	2,345	3,092	3,805	4,195
Profit before tax	—	—	—	—	38,153	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
Tax %	—	—	—	—	28.6%	25.6%	25%	25%	14.8%	24.4%	23.2%
PAT	12,817	15,287	18,561	22,446	27,254	31,857	38,151	46,149	64,062	70,792	76,026
EPS (₹)	50.9	60	71.7	41.7	49.8	57.9	68.8	82.6	90.4	92.8	49.5
EPS adjusted (₹)	12.7	14.9	17.9	20.6	24.8	28.9	34.3	41.2	42.2	44.5	49.4
	18.7%	18.3%	18.1%	48%	0%	11.2%	22.5%	23%	21.6%	29.1%	26.3%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	501	506	513	519	545	548	551	555	558	760	765	1,539
Reserves	62,653	73,798	91,281	1,09,080	1,53,128	1,75,810	2,09,259	2,46,772	2,88,880	4,52,983	5,17,219	5,79,975
Deposits	4,50,284	5,45,873	6,43,134	7,88,375	9,22,503	11,46,207	13,33,721	15,58,003	18,82,663	23,76,887	27,10,898	30,99,638
Borrowings	59,478	71,763	98,416	1,56,442	1,57,733	1,86,834	1,77,697	2,26,967	2,56,549	7,30,615	6,34,606	5,88,485
Other liabilities	34,181	38,321	59,000	48,770	58,898	71,430	78,279	90,639	1,01,783	4,68,949	5,28,929	6,38,404
Total equity & liabilities	6,07,097	7,30,262	8,92,344	11,03,186	12,92,806	15,80,830	17,99,507	21,22,934	25,30,432	40,30,194	43,92,417	49,08,041
Fixed assets	3,225	3,480	3,815	3,811	4,220	4,627	5,100	6,283	8,283	12,604	15,258	16,492
Investments	1,64,273	1,61,683	2,10,777	2,38,461	2,86,918	3,89,305	4,38,823	4,49,264	5,11,582	10,05,682	11,86,473	12,80,216
	4,39,599	5,65,099	6,77,752	8,60,915	10,01,668	11,86,899	13,55,584	16,67,387	20,10,568	30,11,909	31,90,687	36,11,333
Total assets	6,07,097	7,30,262	8,92,344	11,03,186	12,92,806	15,80,830	17,99,507	21,22,934	25,30,432	40,30,194	43,92,417	49,08,041

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-34,435	17,282	17,214	-62,872	-16,869	42,500	-11,960	20,814	19,069	1,27,242	1,13,506
	-866	-1,148	-852	-1,598	-1,617	-1,681	-2,216	-3,424	5,314	-3,851	6,363
	37,815	-5,893	57,378	23,131	24,395	-7,321	48,124	23,941	7,199	-1,02,478	-59,005
Net cash flow	2,542	10,242	73,750	-41,244	6,122	33,498	33,948	41,330	31,582	20,914	60,864
Free cash flow	-35,313	16,124	16,367	-64,492	-18,505	40,804	-14,196	17,347	14,783	1,23,166	1,09,616
CFO / Operating profit %	—	—	—	—	-22.4%	56.9%	-15.1%	19.3%	17.4%	85.2%	78.3%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Retail Banking	3,01,853.51	32,026.72	15,80,887.11	25,28,789.64	—	—
Wholesale Banking	1,74,506.3	33,947.96

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	21.3%	22.3%	24.8%	28.1%	27%	22.6%	21.1%	21.8%
Return ratios
Return on assets %	1.7%	1.7%	1.8%	1.8%	1.8%	1.6%	1.6%	1.5%
Return on capital employed %	1.7%	7.3%	6.3%	5.8%	6.2%	7.7%	7.5%	7.1%
Return on equity %	14.6%	15.5%	15.2%	15.4%	15.9%	14.1%	13.7%	13.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Margin, working-capital and leverage ratios are omitted: a bank funds itself with deposits and books interest as its cost of revenue, so they would measure something other than what they name.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	52.13%	52.3%	47.83%	47.17%	48.01%	49.2%	48.3%	48.84%	48.39%	47.67%	44.05%	41.83%
	30.47%	30.63%	33.42%	35.3%	35.13%	34.38%	35.68%	35.78%	36.08%	37.01%	40.14%	41.74%
	0.17%	0.17%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%
	17.23%	16.9%	18.57%	17.35%	16.68%	16.24%	15.84%	15.2%	15.35%	15.14%	15.63%	16.25%
No. of shareholders	30,58,659	30,18,247	41,21,815	36,64,325	39,21,910	39,24,442	38,29,146	37,25,911	37,01,272	36,50,087	42,30,425	45,32,753

Promoter holding up 0 percentage points since Sep 2023.

101 deals · 9 Sept 2021 – 24 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Jun 2026	THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MUTB400045794	Block	NSE	Buy	10,13,597	₹774.65	₹78.52 Cr
24 Jun 2026	THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	Block	NSE	Sell	10,13,597	₹774.65	₹78.52 Cr
5 Mar 2026	SCHRODER PACIFIC EMERGING MARKETS FUND	Block	NSE	Sell	7,06,962	₹868.65	₹61.41 Cr
5 Mar 2026	SCHRODER EMEG MKTS FD A SEPARATE INVT FUND WITHIN THE SCHRODER CAP MGMT CT	Block	NSE	Buy	7,06,962	₹868.65	₹61.41 Cr
19 Nov 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Sell	1,53,702	₹992.45	₹15.25 Cr
19 Nov 2025	BLUEPEARL MAP I LP	Block	NSE	Buy	1,53,702	₹992.45	₹15.25 Cr
13 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	2,72,219	₹978.50	₹26.64 Cr
13 Oct 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	2,72,219	₹978.50	₹26.64 Cr
9 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	1,14,327	₹978.70	₹11.19 Cr
9 Oct 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	1,14,327	₹978.70	₹11.19 Cr

1–10 of 101

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Mr. Keki M MistryNon-Executive - Non Independent Director-Chairperson
Mr. Rajiv KumarPart Time Chairperson
Mr. Rajiv KumarNon-Executive - Independent Director
Mr. Sashidhar JagdishanExecutive Director-CEO-MD
Mr. Kaizad Maneck BharuchaExecutive Director
Mr. Sandeep ParekhNon-Executive - Independent Director
Mr. Dwarakanath Ranganath MavinakereNon-Executive - Independent Director
Mrs. Renu Sud KarnadNon-Executive - Non Independent Director
Mrs. Sunita MaheshwariNon-Executive - Independent Director
Mrs. Lily VaderaNon-Executive - Independent Director
Mr. V S RanganExecutive Director

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹708.7 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹715.6	-6.6	-0.9%	₹715.6	5.6 L	+1,893	38,017	650
23 Nov 2026	₹718.8	-7.3	-1%	₹718.8	39,692	+2,320	4,076	650
29 Dec 2026	₹723.8	-9.7	-1.3%	₹723.8	719	+719	823	650

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

28

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	560

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

362

across 25 fund houses

Held by these funds

15.57%

of the company's equity

All mutual funds

30.62%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

362 schemes · 25 fund houses

		Shares
Nifty 50 ETF	SBI Mutual Fund	29.7 Cr	21,059.25	9.85%	1.929%	+15.62 L
BSE Sensex ETF	SBI Mutual Fund	20.38 Cr	14,448.08	11.85%	1.323%	+20.2 L
Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	15.87 Cr	11,253.9	7.63%	1.031%	+90.02 L
ETF NIFTY 50 BEES	Nippon India Mutual Fund	9.32 Cr	6,608.75	9.85%	0.605%	+18.74 L
Large Cap Fund	ICICI Prudential Mutual Fund	8.89 Cr	6,302.76	7.86%	0.577%	-0
Value Fund	ICICI Prudential Mutual Fund	7.39 Cr	5,236.06	8.72%	0.48%	-0
LARGE CAP FUND	Nippon India Mutual Fund	6.61 Cr	4,685.12	8.65%	0.429%	-0
Nifty 50 ETF	ICICI Prudential Mutual Fund	6.18 Cr	4,384.25	9.85%	0.402%	+14.91 L

1–8 of 362

1 / 46

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

42 announcementsExport CSV

1 Oct 2026, 6:19 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	21.3%	22.3%	24.8%	28.1%	27%	22.6%	21.1%	21.8%
Return ratios
Return on assets %	1.7%	1.7%	1.8%	1.8%	1.8%	1.6%	1.6%	1.5%
Return on capital employed %	1.7%	7.3%	6.3%	5.8%	6.2%	7.7%	7.5%	7.1%
Return on equity %	14.6%	15.5%	15.2%	15.4%	15.9%	14.1%	13.7%	13.1%

Calls	Strike	Puts
0	0	0	₹0.0	560

Date	Category	Subject	Filing
1 Oct 2026, 6:19 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
30 Sept 2026, 8:33 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 6:29 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
29 Sept 2026, 12:07 pm	Company Update General	Newspaper Publication Regarding Special Window For Transfer And Dematerialization Of Physical Shares Of HDFC Bank Limited.	PDF
22 Sept 2026, 10:46 am	Board Meeting	Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Bank For The Quarter/Half-Year Ending September 30,2026	PDF
16 Sept 2026, 3:03 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
12 Sept 2026, 4:19 pm	Company Update General	Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')	PDF
11 Sept 2026, 11:24 pm	Company Update General	Intimation Of ESG Ratings Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF

HDFC Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

28

Fund holders

Documents

Announcements

Events

Announcements

3

28

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

1

21

2

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Insurance Business · revenue

HDFC Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain28

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain28

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Upcoming and recent1

Dividends21

Board meetings2

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Insurance Business · revenue

3

28

3

28

1

21

2