HDFC Bank Limited (HDB) 10-Year Financial Performance & Capital Metrics

HDB • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingInternational Trade Banking

AboutHDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, rural, public provident fund, pension, and Demat accounts; fixed and recurring deposits; and safe deposit lockers; as well as offshore accounts and deposits, overdrafts against fixed deposits, and sweep-in facilities. It also provides personal, home, car, two wheeler, business, educational, gold, consumer, and rural loans; loans against properties, securities, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment and commercial vehicle finance, dealer finance, and term and professional loans. The company offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; insurance and investment products. It provides short term finance, bill discounting, structured finance, export credit, loan syndication, and documents collection services; online and wholesale, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; and channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. As of March 31, 2022, the company had 21,683 banking outlets; 6,342 branches; and 18,130 automated teller machines in 3,188 cities/towns. HDFC Bank Limited was incorporated in 1994 and is based in Mumbai, India.Show more

Net Interest Income $1404.49B +12.5%
Total Revenue $4194.99B +19.1%
Net Income $673.51B +8.2%
Return on Equity 8.16% -29.2%
Net Interest Margin 2.91% +3.0%
Efficiency Ratio 31.67% -2.9%
ROA 1.46% -18.1%
Equity / Assets 17.89% +0.1%
Book Value per Share 3377.36 +1.5%
Tangible BV/Share 2202.19 +7.3%
Debt/Equity 0.86 -16.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 20.9%
✓Efficient operations: 31.7% efficiency ratio
✓Well capitalized: 17.9% equity/assets
✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y21.87%

5Y24.36%

3Y37.78%

TTM-

Profit (Net Income) CAGR

10Y21.11%

5Y20.94%

3Y20.39%

TTM2.96%

EPS CAGR

10Y8.59%

5Y-0.46%

3Y-12.68%

TTM-43.8%

ROCE

10Y Avg3.41%

5Y Avg3.99%

3Y Avg4.18%

Latest4.62%

Peer Comparison

International Trade Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CATYCathay General Bancorp	3.46B	50.81	12.86	6.11%	20.56%	10.5%	9.42%	0.08
IBOCInternational Bancshares Corporation	4.39B	70.69	10.76	7.5%	39.23%	13.44%	10.46%	0.23
BLXBanco Latinoamericano de Comercio Exterior, S. A.	1.29B	44.99	8.03	18.61%	25.4%	15.57%		3.43
HDBHDFC Bank Limited	166.72B	32.51	0.23	19.15%	16.06%	12.21%	100%	0.86
IBNICICI Bank Limited	110.22B	30.82	0.22	25.19%	17.32%	15.31%		0.62
MFGMizuho Financial Group, Inc.	104.86B	8.49	0.12	9.47%	10.3%	9.11%		5.79
KBKB Financial Group Inc.	31.94B	89.08	0.01	3.73%	13.45%	9.46%	100%	2.35
SHGShinhan Financial Group Co., Ltd.	26.05B	54.10	0.01	4.66%	12.58%	8.03%	100%	2.55

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Net Interest Income+	292.36B	351.8B	423.15B	507.51B	593.53B	683.69B	748.84B	913.99B	1.25T	1.4T
NII Growth %	0.24%	0.2%	0.2%	0.2%	0.17%	0.15%	0.1%	0.22%	0.37%	0.13%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	625.43B	725.55B	843.47B	1.04T	1.21T	1.28T	1.33T	1.69T	2.78T	3.23T
Interest Expense	333.07B	373.76B	420.31B	534.21B	618.46B	592.28B	584.3B	775.54B	1.53T	1.82T
Loan Loss Provision	21.53B	37.95B	59.4B	72.28B	117.62B	154.23B	126.98B	74.21B	133.06B	181.38B
Non-Interest Income+	96.83B	110.33B	144.61B	160.12B	198.22B	252.98B	270.57B	291.39B	738.93B	967.02B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	722.26B	835.88B	988.07B	1.2T	1.41T	1.53T	1.6T	1.98T	3.52T	4.19T
Revenue Growth %	0.24%	0.16%	0.18%	0.22%	0.17%	0.08%	0.05%	0.24%	0.78%	0.19%
Non-Interest Expense	182.08B	204.2B	231.25B	255.39B	308.28B	342.6B	373.27B	468.78B	1.15T	1.33T
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	185.59B	219.97B	277.11B	339.96B	365.84B	439.83B	519.16B	662.38B	705.46B	861.55B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.2%	0.19%	0.26%	0.23%	0.08%	0.2%	0.18%	0.28%	0.07%	0.22%
Pretax Income+	185.59B	219.97B	277.11B	339.96B	365.84B	439.83B	519.16B	662.38B	705.46B	861.55B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	67.54B	79.22B	98.27B	119.39B	105.48B	113.82B	132.56B	166.12B	77.83B	175.01B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	117.92B	140.53B	178.51B	220.1B	260.27B	325.98B	386B	495.45B	622.66B	673.51B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.19%	0.19%	0.27%	0.23%	0.18%	0.25%	0.18%	0.28%	0.26%	0.08%
Net Income (Continuing)	118.05B	140.74B	178.83B	220.57B	260.36B	326.01B	386.6B	496.26B	627.63B	686.53B
EPS (Diluted)+	69.51	81.87	102.45	121.98	141.81	177.06	208.14	266.04	264.93	138.60
EPS Growth %	0.14%	0.18%	0.25%	0.19%	0.16%	0.25%	0.18%	0.28%	-0%	-0.48%
EPS (Basic)	70.26	82.86	103.77	123.21	142.77	177.81	209.28	267.06	265.98	139.23
Diluted Shares Outstanding	1.7B	1.72B	1.74B	1.8B	1.84B	1.84B	1.85B	1.86B	2.37B	2.55B

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	531.2B	566.71B	719.03B	855.41B	726.74B	1.04T	1.6T	2.36T	3.43T	3.22T
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.83T	4.26T	4.61T	5.53T	7.12T	8.65T	16.86T	9.89T	33.27T	34.64T
Investments Growth %	0.25%	0.11%	0.08%	0.2%	0.29%	0.22%	0.95%	-0.41%	2.36%	0.04%
Long-Term Investments	1.95T	2.15T	2.39T	2.9T	3.71T	4.38T	14.12T	5.01T	26.76T	28.66T
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	74.94B	74.94B	74.94B	74.94B	74.94B	74.94B	74.94B	74.94B	1.63T	1.63T
Intangible Assets	5M	2M	1M	0	0	0	0	0	1.4T	1.37T
PP&E (Net)	35.68B	38.97B	38.97B	43.19B	109.08B	117.64B	137.4B	177.56B	268.33B	314.74B
Other Assets	-2.06T	-2.26T	-2.5T	-3.02T	0	0	2.2T	0	3.52T	6.32T
Total Current Assets	2.5T	2.78T	3.06T	3.65T	4.54T	5.52T	4.59T	7.57T	10.54T	9.87T
Total Non-Current Assets	2.06T	2.26T	2.5T	3.02T	3.9T	4.57T	16.53T	5.27T	33.58T	38.31T
Total Assets+	7.74T	9.07T	11.37T	13.28T	15.96T	17.98T	21.11T	25.76T	44.12T	48.19T
Asset Growth %	0.24%	0.17%	0.25%	0.17%	0.2%	0.13%	0.17%	0.22%	0.71%	0.09%
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%
Accounts Payable	151.15B	259.03B	254.24B	237.99B	259.3B	346.04B	234.72B	437.29B	531.48B	576.84B
Total Debt+	775.88B	1.05T	1.71T	1.7T	1.47T	1.48T	2.34T	3.24T	8.15T	7.46T
Net Debt	244.68B	486.47B	993.08B	843.2B	742.81B	443.06B	739.26B	878.07B	4.72T	4.23T
Long-Term Debt	522.31B	730.92B	932.91B	1.04T	1.03T	1.17T	1.55T	2.05T	6.65T	5.87T
Short-Term Debt	253.56B	322.27B	779.2B	654.06B	377.42B	239.26B	706.01B	1.09T	1.37T	1.44T
Other Liabilities	-522.31B	-730.92B	-932.91B	-1.04T	0	0	392.49B	0	3.41T	4T
Total Current Liabilities	404.71B	581.3B	1.03T	892.05B	636.72B	585.3B	16.58T	1.53T	25.75T	29.22T
Total Non-Current Liabilities	527.25B	730.92B	932.91B	1.04T	1.09T	1.25T	2.02T	2.15T	10.48T	10.34T
Total Liabilities	6.87T	8.04T	10.19T	11.64T	14.07T	15.82T	18.6T	22.84T	36.23T	39.56T
Total Equity+	870.8B	1.03T	1.18T	1.64T	1.9T	2.16T	2.51T	2.92T	7.89T	8.62T
Equity Growth %	0.16%	0.18%	0.14%	0.39%	0.16%	0.14%	0.16%	0.16%	1.7%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.15%	0.15%	0.16%	0.16%	0.15%	0.16%	0.17%	0.18%	0.12%	0.08%
Book Value per Share	513.16	598.70	675.13	906.39	1033.36	1175.02	1353.17	1566.72	3328.70	3377.36
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	5.06B	5.13B	5.19B	5.45B	5.48B	5.51B	5.55B	5.58B	7.6B	7.65B
Additional Paid-in Capital	412.26B	442.72B	476.57B	739.76B	765.89B	794.22B	834.62B	883.37B	4.34T	4.44T
Retained Earnings	290.54B	364.47B	462.88B	587.24B	713.34B	897.87B	1.15T	1.45T	1.75T	2.1T
Accumulated OCI	161.45B	213.73B	229.53B	300.13B	408.37B	462.02B	511.49B	575.47B	865.6B	1.15T
Treasury Stock	0	0	0	0	0	0	0	0	-16.87B	-16.86B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	170.07B	379.27B	94.27B	183.27B	171.18B	921.78B	581.02B	477.2B	1.02T	1.2T
Operating CF Growth %	0.56%	1.23%	-0.75%	0.94%	-0.07%	4.38%	-0.37%	-0.18%	1.14%	0.17%
Net Income	118.05B	140.74B	178.83B	220.57B	260.36B	326.01B	386.6B	496.26B	627.63B	686.53B
Depreciation & Amortization	7.43B	8.88B	9.68B	12.25B	12.8B	13.86B	16.82B	23.49B	52.35B	63.02B
Deferred Taxes	-1.41B	-5.05B	-10.4B	-8.13B	-101.2M	-8.27B	-9.89B	12.28B	-57.13B	-15.61B
Other Non-Cash Items	24.47B	39.3B	63.19B	79.51B	121.3B	107.23B	114.7B	87.62B	178.04B	268.46B
Working Capital Changes	8.93B	187.19B	-153.63B	-126.27B	-230.66B	472.35B	58.91B	-156.47B	201.32B	168.58B
Cash from Investing+	-1.14T	-1.58T	-2.05T	-1.54T	-2.15T	-2.52T	-3.3T	-4.39T	-3.67T	-3.72T
Purchase of Investments	-3.08T	-2.89T	-1.52T	-1.78T	-2.61T	-3.22T	-1.74T	-1.6T	-4.31T	-4.71T
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	-143.33M	0	0	0	0	0	149.8B	0
Other Investing	-767.02B	-1.36T	-1.89T	-1.13T	-1.39T	-1.68T	-3.13T	-3.79T	-3T	-2.1T
Cash from Financing+	1.01T	1.25T	2.1T	1.52T	1.85T	1.92T	2.91T	4.17T	3.35T	2.42T
Dividends Paid	-24.37B	-29.28B	-34.49B	-41.02B	-66.45B	-166.6M	-36.24B	-86.39B	-86.62B	-158.06B
Share Repurchases	0	0	0	0	0	0	0	0	-2.3B	0
Stock Issued	0	0	0	235.9B	0	0	0	0	76B	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K
Other Financing	943.2B	1T	1.47T	1.35T	2.23T	1.9T	2.26T	3.26T	3.38T	3.39T
Net Change in Cash+	36.55B	53.04B	143.44B	160.72B	-122.91B	318.73B	191.34B	265.36B	698.64B	-103.1B
Exchange Rate Effect	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K
Cash at Beginning	341.12B	377.67B	430.71B	574.15B	734.87B	611.96B	930.69B	1.12T	1.39T	2.09T
Cash at End	377.67B	430.71B	574.15B	734.87B	611.96B	930.69B	1.12T	1.39T	2.09T	1.98T
Interest Paid	324.57B	370.46B	399.29B	520.35B	617.75B	196.1M	270.6M	176.2M	1.41T	1.8T
Income Taxes Paid	70.68B	76.85B	100.09B	119.36B	104.01B	130.21B	148.38B	163.67B	199.75B	195.41B
Free Cash Flow+	160.09B	366.64B	85.09B	166.92B	152.89B	903.97B	554.69B	433.58B	968.48B	1.13T
FCF Growth %	0.59%	1.29%	-0.77%	0.96%	-0.08%	4.91%	-0.39%	-0.22%	1.23%	0.17%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.54%	14.8%	16.2%	15.65%	14.74%	16.06%	16.52%	18.26%	11.53%	8.16%
Return on Assets (ROA)	1.69%	1.67%	1.75%	1.79%	1.78%	1.92%	1.97%	2.11%	1.78%	1.46%
Net Interest Margin	3.78%	3.88%	3.72%	3.82%	3.72%	3.8%	3.55%	3.55%	2.83%	2.91%
Efficiency Ratio	25.21%	24.43%	23.4%	21.25%	21.86%	22.41%	23.28%	23.66%	32.62%	31.67%
Equity / Assets	11.26%	11.34%	10.35%	12.32%	11.88%	12.03%	11.89%	11.33%	17.87%	17.89%
Book Value / Share	513.16	598.7	675.13	906.39	1.03K	1.18K	1.35K	1.57K	3.33K	3.38K
NII Growth	23.79%	20.33%	20.28%	19.93%	16.95%	15.19%	9.53%	22.05%	36.54%	12.54%
Dividend Payout	20.67%	20.84%	19.32%	18.63%	25.53%	0.05%	9.39%	17.44%	13.91%	23.47%

Revenue by Segment

	2012
Retail Banking	73.16B
Retail Banking Growth	-
Wholesale	52.36B
Wholesale Growth	-
Treasury Services	1.62B
Treasury Services Growth	-

Revenue by Geography

	2012
Wholesale	52.36B
Wholesale Growth	-

Frequently Asked Questions

Valuation & Price

HDFC Bank Limited (HDB) has a price-to-earnings (P/E) ratio of 0.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

HDFC Bank Limited (HDB) grew revenue by 19.1% over the past year. This is strong growth.

Yes, HDFC Bank Limited (HDB) is profitable, generating $689.19B in net income for fiscal year 2025 (16.1% net margin).

Dividend & Returns

Yes, HDFC Bank Limited (HDB) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

HDFC Bank Limited (HDB) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.

Industry Metrics

HDFC Bank Limited (HDB) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

HDFC Bank Limited (HDB) has an efficiency ratio of 31.7%. This is excellent, indicating strong cost control.

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