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HDBHDFC Bank Limited
$25.14$129.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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HDB logo

HDFC Bank Limited

HDB
NYSE · Large & Global Banks
$25.14
At close - Nov 6, 4:00 PM EST - USD
Market Cap$128.95B
P/E15.1x
52W High$37.35
Volume8.61M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q2

NII Resilience Overshadowed By Provision And Data Anomalies

HDFC Bank's net interest income expanded roughly 43% from $310.3B in 2024Q4 to $444.1B in 2027Q2, indicating continued loan franchise momentum, yet quarterly growth swings between -10.5% and 53.5% and a near-static ~0.9% NIM suggest uneven repricing dynamics and warrant further investigation.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HDB price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+36% Peers

P/E is 36% above peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 17
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

NII grew 43% cumulatively to $444.1B by 2027Q2, but a steady ~0.9% NIM, a $152.9B provision spike in 2026Q1, and fee income swings from -$54.9B to $456.2B indicate materially impaired earnings visibility.

Analyst Consensus
Hold(6 analysts)
2 Buy4 Hold0 Sell

The Bull Case

Upside Catalysts

Attractive Current Price

The current stock price of around $25.71 may represent a buying opportunity for investors seeking value in the banking sector.

Strong Market Capitalization

HDFC Bank boasts a substantial market capitalization of approximately $131 billion, indicating financial strength and market stability.

Resilience and Low Volatility

With a low beta of 0.67, HDB stock exhibits less volatility compared to the broader market, appealing to risk-averse investors.

The Bear Case

Key Downside Risks

Analyst Downgrades

Weiss Ratings recently downgraded HDB from 'hold' to 'sell,' citing concerns about future performance.

Stock Price Decline

The stock has experienced a significant drop from its 12-month high, hitting a 52-week low of Rs. 588 on March 27, 2026.

Insider Confidence

With only 1% of the stock owned by corporate insiders, there may be a lack of strong insider confidence in the company's future.

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HDB-27.85%
S&P 500 (^GSPC)+7.63%
1-Year Return
HDB-26.25%
S&P 500 (^GSPC)+9.69%
3-Year Return
HDB-1.76%
S&P 500 (^GSPC)+70.99%
5-Year Return
HDB-16.96%
S&P 500 (^GSPC)+58.86%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
15.1x
Forward P/EExpansion
0.2x
EV/EBITDA100th %ile
13.3x
FCF YieldCash Flow
14.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.1x
0.2x
100th· High
EV/EBITDA
13.3x
2.5x
100th· High
Price/FCF
7.0x
0.2x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$17.12-31.9%
Base (Fair)$33.23+32.2%
Bull$55.64+121.3%
$17.12 Bear$33.23 Base$55.64 Bull
Current Market Price: $25.14
Trades at a 24.3% discount to Base DCF ($33.23)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$3261.55B+37.5% YoY
Net income FY26
$799.95B+18.8% YoY
Free cash flow FY26
$1722.67B+52.6% YoY
Operating margin FY26
33%-3.4 pts YoY
ROIC (FY26)5.8%
Avg ROIC 5Y6.5%
ROE (TTM)17.2%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 17, 2026
$0.42+4.4%
vs $0.40
$5.1B+3.1%
vs $4.9B
Q3 2026
Jul 18, 2026
$0.40+5.3%
vs $0.38
$4.8B-3.8%
vs $5.0B
Q2 2026
Apr 18, 2026
$0.43+10.3%
vs $0.39
$4.8B-5.9%
vs $5.1B
Q1 2026
Jan 17, 2026
$0.43+10.3%
vs $0.39
$5.0B-1.2%
vs $5.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Defense World·3d ago
HDFC Bank Limited $HDB Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer and Co. Ltd Zurich cut its holdings in shares of HDFC Bank Limited (NYSE: HDB) by 33.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,020 shares of the bank's stock after selling 65,177 shares during the period. Bank

Zacks Investment Research·Oct 28, 2026
WF or HDB: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the Banks - Foreign sector have probably already heard of Woori Bank (WF) and HDFC Bank (HDB). But which of these two stocks presents investors with the better value opportunity right now?

Seeking Alpha·Oct 19, 2026
HDFC Bank: Neutral View Is Justified By In-Line Results And Leadership Transition

HDFC Bank Limited remains a Hold as Q2FY27 earnings were in line, with muted sequential growth and mixed operational trends. I observe strong MSME loan growth and cost discipline for HDFC, but its retail lending lags and NIM continues to decline, pressuring profitability. The new external CEO's appointment brings both fresh perspective and risks of corporate memory loss .

The Motley Fool·Oct 18, 2026
HDFC Bank: 3 Key Takeaways for Long-Term Investors

Retail loan disbursements reached 90,000 crore Indian rupees in the second quarter. Service delivery turnaround times decreased 30% during the second quarter.

Filtered for HDFC Bank LimitedMore Headlines
04

Compare before deciding

Benchmark HDB against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for HDFC Bank Limited (HDB)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HDB logoHDBHDFC Bank LimitedCurrent
$25.14$128.95B15.0637.53%25.27%17.24%1.79%
IBN logoIBNICICI Bank Limited
$33.89$123.06B19.548.53%27.03%15.21%0.68%
HBM logoHBMHudbay Minerals Inc.
$20.91$9.29B12.469.39%27.12%17.33%0.07%
ITUB logoITUBItaú Unibanco Holding S.A.
$7.39$81.45B9.394.21%25.77%21.15%10.42%
BBD logoBBDBanco Bradesco S.A.
$2.54$26.86B5.6411.85%20.41%14.13%8.01%
KB logoKBKB Financial Group Inc.
$111.20$39.04B8.2687.09%15.72%10.86%2.25%

Compare HDB vs Peers

HDFC Bank Limited (HDB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IBN

Most directly comparable listed peer for HDB.

Scale Benchmark

vs JPM

Larger-name benchmark to compare HDB against a more recognizable public peer.

Peer Set

Compare Top 5

vs IBN, HBM, ITUB, BBD

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HDB Frequently Asked Questions

HDFC Bank Limited (HDB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is HDFC Bank Limited growing?

HDFC Bank Limited (HDB) grew revenue by 29.3% over the trailing twelve months, compared with the twelve months before.

Is HDB profitable?

Yes. HDFC Bank Limited (HDB) earned $806.70B in net income over the trailing twelve months (a 25.3% net margin).

Dividend & Returns
Does HDB pay dividends?

Yes. HDFC Bank Limited (HDB) pays a dividend that yields 1.79% at the current price, a moderate yield.

What is HDB's return on equity?

HDFC Bank Limited (HDB) had a return on equity (ROE) of 17.2% over the trailing twelve months. That is above the market's typical 10-15%.

Industry Metrics
What is HDFC Bank Limited's net interest margin?

HDFC Bank Limited (HDB) has a net interest margin (NIM) of 3.6%. This indicates healthy earnings from lending activities.

What is HDFC Bank Limited's efficiency ratio?

HDFC Bank Limited (HDB) has an efficiency ratio of 58.4%. This is reasonable for a bank.

What if you invested $1,000 in HDB back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →