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HDFC Bank Ltd

HDFCBANK

HDFC Bank Ltd

HDFCBANK
FinancialsPrivate Banks
LargecapWith a market cap of ₹12,85,042 cr, stock is ranked 3
Low RiskStock is 1.63x as volatile as Nifty
1,681.352.14% (-36.85)
1,681.352.14% (-36.85)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
FinancialsPrivate Banks
LargecapWith a market cap of ₹12,85,042 cr, stock is ranked 3
Low RiskStock is 1.63x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

FinancialsPrivate Banks
LargecapWith a market cap of ₹12,85,042 cr, stock is ranked 3
Low RiskStock is 1.63x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
18.582.741.15%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
17.142.381.01%

Forecast & Ratings

Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 40 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

HDFC Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 26.87%, vs industry avg of 17.21%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 24.06% to 35.37%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 23.46%, vs industry avg of 31.67%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue74,373.2186,176.431,01,344.441,24,107.791,47,068.261,55,885.281,67,695.402,04,666.104,07,994.774,77,860.09
Raw Materialssubtract3,92,159.80
Power & Fuel Costsubtract
Employee Costsubtract6,306.148,504.709,193.9010,451.1512,920.1313,676.6715,897.0320,016.8531,023.00
Selling & Administrative Expensessubtract4,087.834,603.714,976.655,187.305,489.566,435.337,186.848,771.0190,862.87
Operating & Other expensessubtract43,730.2348,788.8757,743.1872,930.5189,186.9591,592.1292,057.421,12,034.382,06,448.22
Depreciation/Amortizationsubtract738.03886.19966.781,220.671,276.771,385.011,680.732,345.473,092.08
Interest & Other Itemssubtract
Taxes & Other Itemssubtract6,709.658,112.509,953.9011,985.7310,940.9010,962.9412,820.6315,501.2812,506.5616,519.28
EPS25.4330.0235.8941.9949.8757.9068.8282.6997.2491.06
DPS4.755.506.507.502.506.5015.5019.0019.5019.50
Payout ratio0.190.180.180.180.050.110.230.230.200.21

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2016

Annual Report Unavailable

Investor Presentation

Apr 26PDF
FY 2017

Annual Report Unavailable

FY 2018

Annual Report Unavailable

Investor Presentation

May 15PDF
FY 2019

Annual Report Unavailable

FY 2022

Annual report

PDF

Investor Presentation

May 31PDF
Apr 11PDF
 

Peers & Comparison

Comparing 3 stocks from 
FinancialsPrivate Banks

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
HDFC Bank Ltd20.062.741.15%
ICICI Bank Ltd19.993.280.79%
Axis Bank Ltd13.362.240.09%
Kotak Mahindra Bank Ltd18.422.580.12%

Price Comparison

Compare HDFCBANK with any stock or ETF
Compare HDFCBANK with any stock or ETF
HDFCBANK
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%21.22%9.33%41.54%27.90%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JulSepDec '23MarJunSep53.93%52.13%52.30%47.83%40.79%41.54%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding HDFC Bank Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Parag Parikh Flexi Cap Fund - Growth - Direct Plan

Growth
0.5246%8.41%0.38%2/91 (0)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
0.4759%9.62%0.31%2/60 (0)
HDFC Balanced Advantage Fund - Growth - Direct Plan

Growth
0.4702%6.51%0.74%1/299 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

HDFCBANK has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.13%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.28 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateMay 10, 2024

Final
Final | Div/Share: ₹19.50

Dividend/Share

19.50

Ex DateEx Date

May 10, 2024

Cash Dividend

Ex DateEx DateMay 16, 2023

Final
Final | Div/Share: ₹19.00

Dividend/Share

19.00

Ex DateEx Date

May 16, 2023

Cash Dividend

Ex DateEx DateMay 12, 2022

Final
Final | Div/Share: ₹15.50

Dividend/Share

15.50

Ex DateEx Date

May 12, 2022

Cash Dividend

Ex DateEx DateJun 29, 2021

Final
Final | Div/Share: ₹6.50

Dividend/Share

6.50

Ex DateEx Date

Jun 29, 2021

Cash Dividend

Ex DateEx DateAug 1, 2019

Special
Special | Div/Share: ₹5.00

Dividend/Share

5.00

Ex DateEx Date

Aug 1, 2019

News & Opinions
Futures Update
Nifty November futures trade at premium

The Nifty November 2024 futures closed at 23,931.10, a premium of 47.65 points compared with the Nifty's closing 23,883.45 in the cash market. In the cash market, the Nifty 50 tumbled 257.85 points or 1.07% to 23,883.45. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, added 2.24% to 14.59. HDFC Bank, State Bank of India and ICICI Bank and were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

1 day agoCapital Market - Live
Futures Update
Nifty October futures trade at premium

The Nifty October 2024 futures closed at 24,470.10, a premium of 3.25 points compared with the Nifty's closing 24,466.85 in the cash market. In the cash market, the Nifty 50 rose 127.70 points or 0.52% to 24,466.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.57% to 14.52. HDFC Bank, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
HDFC Bank grants Equity Shares

HDFC Bank has approved the grant of 2,21,56,230 equity stock options of the face value of Re. 1/- ('options') each at the grant price of Rs.1,734.20 (Rupees convertible into one equity share each of the Bank upon vesting and exercise in terms of the under Employees' Stock Option Scheme ESOS ' Plan H-2024 (ESOS 58).Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Futures Update
Nifty October futures trade at premium

The Nifty October 2024 futures closed at 24,364, a premium of 24.85 points compared with the Nifty's closing 24,339.15 in the cash market. In the cash market, the Nifty 50 advanced 158.35 points or 0.65% to 24,339.15. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slipped 2.34% to 14.29. HDFC Bank, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Futures Update
Nifty October futures trade at premium

The Nifty October 2024 futures closed at 24,487.90, a premium of 52.40 points compared with the Nifty's closing 24,435.50 in the cash market. In the cash market, the Nifty 50 lost 36.60 points or 0.15% to 24,435.50. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.31% to 14.59. HDFC Bank, Bajaj Finance and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
HDFC Bank jumps after Q2 PAT rises 5% YoY to Rs 16,821 cr

Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24. Profit before tax (PBT) jumped 11.19% YoY to Rs 22,005.28 crore in Q2 FY25. Net interest income (NII) increased 10% to Rs 30,110 crore in Q2 FY25 as compared with Rs 27,390 crore in Q2 FY24. Core net interest margin was at 3.46% on total asset in Q2 FY25. Total deposits were at Rs 25,00,100 crore as of 30 September 2024, an increase of 15.1% over 30 September 2023. CASA deposits grew 8.1%, comprising 35.3 of total deposits as of September 2024. Gross advances stood at Rs 25,19,000 crore as on 30 September 2024, registering a growth of 7% YoY. Retail loans jumped 11.3%, commercial and rural banking loans grew by 17.4% and corporate and other wholesale loans grew by 12%. Overseas advances constituted 1.7% of total advances. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 34,250.62 crore as on 30 September 2024 as against Rs 33,025.69 crore as on 30 June 2024 and Rs 31,577.89 crore as on 30 September 2023. The ratio of gross NPAs to gross advances increased to 1.36% as on 30 September 2024 as against 1.33% as on 30 June 2024 and 1.34% as on 30 September 2023. The ratio of net NPAs to net advances stood at 0.41% as on 30 September 2024 as against 0.39% as on 30 June 2024 and 0.35% as on 30 September 2023. Pre-provision operating profit (PPOP) increased 27.24% YoY to Rs 23,884.64 crore during the quarter ended September 2024. The total credit cost ratio was at 0.43% in Q2 FY25, as compared to 0.49% for the quarter ending 30 September 2023. The bank's total capital adequacy ratio (CAR) as per basel III guidelines was at 19.8% as on 30 September 2024 as compared to 19.5% as on 30 September 2023. Tier 1 CAR was at 17.8% and common equity tier 1 capital ratio was at 17.3% as of 30 September 2024. HDFC Bank is private sector lender. As of 30 September 2024, the bank's distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 2024.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Live Market Update
Barometers trade sideways; Nifty slides below 24,900 level

The key equity indices traded sideways in morning trade. The Nifty slips below the 24,900 level. Media shares declined after gaining in the past trading session. At 09:27 IST, the barometer index, the S&P BSE Sensex, advanced 23.16 points or 0.03% to 81,247.91. The Nifty 50 index declined 31.30 points or 0.13% to 24,822.75. In the the broader market, the S&P BSE Mid-Cap index fell 0.10% and the S&P BSE Small-Cap index shed 0.50%. The market breadth was positive. On the BSE, 1,377 shares rose and 2,290 shares fell. A total of 181 shares were unchanged. Result Today: 360 ONE WAM (up 3.09%), Authum Investment & Infrastructure (up 2.50%), Aurionpro Solutions(up 0.47%), Bajaj Housing Finance (down 0.39%), Balu Forge Industries(down 1.49%), Bhansali Engineering Polymers(down 1.03%), CG Power and Industrial Solutions(up 3.36%), City Union Bank(down 1.20%), Cyient DLM(3.06%), Gravita India(down 0.26%), HFCL(down 0.31%), Mahindra Logistics(down 1.38%), Maharashtra scooters(up 6.95%), Rajratan Global Wire( up 4.71%), Route Mobile (up 1.36%), Solara Active Pharma Sciences(down 0.16%) will declare their result today. Economy: India's net direct tax collections jumped by 182.02% over last decade to Rs 19.60 lakh crore in FY24, from 6.95 lakh crore in FY15, following strong growth in personal income tax, the latest time series data from the Income Tax Department showed. Personal income tax collections zoomed up nearly 300% to Rs 10.45 lakh crore, from 2.65 lakh crore in FY15, outpacing corporate tax collections, which rose by 112.85% to Rs 9.11 lakh crore from Rs 4.28 lakh crore in FY15. Buzzing Index: The Nifty Media index fell 1.36% to 2,014.40. The index rose 1.38% in the past trading session. Saregama India (down 3.5%), Dish TV India (down 3.17%), Tips Music (down 1.63%), Zee Entertainment Enterprises (down 1.58%) and Sun TV Network (down 0.93%), Hathway Cable & Datacom (down 0.86%), and PVR Inox (down 0.78%) declined. Stocks in Spotlight: HDFC Bank rallied 3.50% after the company reported 5.29% increase in standalone net profit to Rs 16,820.97 crore in Q2 FY25 as compared with Rs 15,976.11 crore in Q2 FY24. Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24. Jio Financial Services shed 0.17%. The company 's consolidated net profit increased 3.13% to Rs 689.07 crore in Q2 FY25 as compared with Rs 668.18 crore in Q2 FY24. Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. JSW Steel fell 0.62%. The company said that Jsquare Electrical Steel Nashik, a subsidiary of the company's joint venture entity, has entered into a share purchase agreement to acquire 100% of equity interest in thyssenkrupp Electrical Steel India. The total purchase consideration for the transaction is Rs 4,051.40 crore, subject to closing adjustments.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Stock Alert: HDFC Bank, Kotak Mahindra Bank, Tech Mahindra, L&T Finance, JSW Steel

Securities on F&O Ban: Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, IEX, L&T Finance, National Aluminium, PNB, Sail, Tata Chemical. upcoming results: 360 ONE WAM, Authum Investment & Infrastructure, Aurionpro Solutions, Bajaj Housing Finance, Balu Forge Industries, Bhansali Engineering Polymers, CG Power and Industrial Solutions, City Union Bank, Cyient DLM, Gravita India, HFCL, Jana Small Finance Bank, Mahindra Logistics, Maharashtra scooters, Rajratan Global Wire, Route Mobile, Solara Active Pharma Sciences, Supreme Petrochem, Swaraj Engines will declare their result today. Stocks to watch: L&T Finance reported 16.88% jump in consolidated net profit to Rs 695.58 crore in Q2 FY25 as compared with Rs 595.11 crore in Q2 FY24. Total income increased 15.56% YoY to Rs 4,024.02 crore during the quarter. Tech Mahindra's consolidated net profit jumped 46.81% to Rs 1,250.1 crore on 2.36% rise in revenue from operations to Rs 13,313.2 crore in Q2 FY25 over in Q1 FY25. EBITDA stood at Rs 1,750 crore in the quarter ended 30 September 2024, up 11.9% QoQ and up 63.2% YoY. Meanwhile, the company's board has declared an interim dividend of Rs 15 per equity share for FY25. The record for the dividend is fixed as Friday, 1st November, 2024. The dividend shall be paid on or before 17th November 2024. Kotak Mahindra Bank's standalone net profit rose 4.78% to Rs 3,343.72 crore on 17.71% rise in total income to Rs 15,900.46 crore in Q2 FY25 over Q2 FY24. Net Interest Income (NII) for Q2 FY25 stood at Rs 7,020 crore, up 11% from Rs 6,297 crore recorded in Q2 FY24. Net interest margin (NIM) was 4.91% for Q2FY25. HDFC Bank reported 5.29% increase in standalone net profit to Rs 16,820.97 crore in Q2 FY25 as compared with Rs 15,976.11 crore in Q2 FY24. Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24. Jio Financial Services' consolidated net profit increased 3.13% to Rs 689.07 crore in Q2 FY25 as compared with Rs 668.18 crore in Q2 FY24. Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. JM Financial said that the Reserve Bank of India (RBI) has, with immediate effect, lifted the restrictions imposed by it on JM Financial Products, a material subsidiary of the company. Offering an explanation of the aforesaid regulatory action, the RBI had said that this action was necessitated due to certain serious deficiencies observed in respect of loans sanctioned by the company for IPO financing as well as NCD subscriptions. JSW Steel said that Jsquare Electrical Steel Nashik, a subsidiary of the company's joint venture entity, has entered into a share purchase agreement to acquire 100% of equity interest in thyssenkrupp Electrical Steel India. The total purchase consideration for the transaction is Rs 4,051.40 crore, subject to closing adjustments.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
HDFC Bank consolidated net profit rises 6.03% in the September 2024 quarter

Net profit of HDFC Bank rose 6.03% to Rs 17825.91 crore in the quarter ended September 2024 as against Rs 16811.41 crore during the previous quarter ended September 2023. Total Operating Income rose 10.61% to Rs 83001.72 crore in the quarter ended September 2024 as against Rs 75039.10 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income83001.7275039.10 11 OPM %37.2639.57 - PBDT23968.4220967.38 14 PBT23968.4220967.38 14 NP17825.9116811.41 6 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
HDFC Bank Q2 PAT rises 5% YoY to Rs 16,821 cr

Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24. Profit before tax (PBT) jumped 11.19% YoY to Rs 22,005.28 crore in Q2 FY25. Net interest income (NII) increased 10% to Rs 30,110 crore in Q2 FY25 as compared with Rs 27,390 crore in Q2 FY24. Core net interest margin was at 3.46% on total asset in Q2 FY25. Total deposits were at Rs 25,00,100 crore as of 30 September 2024, an increase of 15.1% over 30 September 2023. CASA deposits grew 8.1%, comprising 35.3 of total deposits as of September 2024. Gross advances stood at Rs 25,19,000 crore as on 30 September 2024, registering a growth of 7% YoY. Retail loans jumped 11.3%, commercial and rural banking loans grew by 17.4% and corporate and other wholesale loans grew by 12%. Overseas advances constituted 1.7% of total advances. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 34,250.62 crore as on 30 September 2024 as against Rs 33,025.69 crore as on 30 June 2024 and Rs 31,577.89 crore as on 30 September 2023. The ratio of gross NPAs to gross advances increased to 1.36% as on 30 September 2024 as against 1.33% as on 30 June 2024 and 1.34% as on 30 September 2023. The ratio of net NPAs to net advances stood at 0.41% as on 30 September 2024 as against 0.39% as on 30 June 2024 and 0.35% as on 30 September 2023. Pre-provision operating profit (PPOP) increased 27.24% YoY to Rs 23,884.64 crore during the quarter ended June 2024. The total credit cost ratio was at 0.43% in Q2 FY25, as compared to 0.49% for the quarter ending 30 September 2023. The bank's total capital adequacy ratio (CAR) as per basel III guidelines was at 19.8% as on 30 September 2024 as compared to 19.5% as on 30 September 2023. Tier 1 CAR was at 17.8% and common equity tier 1 capital ratio was at 17.3% as of 30 September 2024. HDFC Bank is private sector lender. As of 30 September 2024, the bank's distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 2024. The counter advanced 0.47% to settle at Rs 1681.15 on Friday, 18 October 2024.Powered by Capital Market - Live

3 weeks agoCapital Market - Live