Financials HDFC Bank Limited

Equities

HDFCBANK

INE040A01034

Banks

Market Closed - NSE India S.E. 05:13:48 03/05/2024 pm IST 5-day change 1st Jan Change
1,520 INR -0.83% Intraday chart for HDFC Bank Limited +0.65% -11.10%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 63,15,076 47,26,045 82,34,159 81,53,886 89,80,875 1,15,53,723 - -
Enterprise Value (EV) 1 63,15,076 47,26,045 82,34,159 81,53,886 89,80,875 1,09,99,567 1,15,53,723 1,15,53,723
P/E ratio 29.8 x 18.1 x 26.5 x 22.2 x 20.4 x 16.9 x 16.7 x 14.3 x
Yield 0.65% 0.29% - 1.05% 1.18% 1.25% 1.38% 1.57%
Capitalization / Revenue 9.59 x 5.95 x 9.14 x 8.03 x 7.61 x 6.97 x 6.47 x 5.56 x
EV / Revenue 9.59 x 5.95 x 9.14 x 8.03 x 7.61 x 6.97 x 6.47 x 5.56 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.23 x 2.76 x 4.04 x 3.4 x 3.08 x 2.66 x 2.35 x 2.08 x
Nbr of stocks (in thousands) 54,46,613 54,83,286 55,12,776 55,45,541 55,79,743 76,03,134 - -
Reference price 2 1,159 861.9 1,494 1,470 1,610 1,520 1,520 1,520
Announcement Date 20/04/19 18/04/20 17/04/21 16/04/22 15/04/23 20/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,58,691 7,94,471 9,00,845 10,15,195 11,80,571 15,77,734 17,84,402 20,77,786
EBITDA - - - - - - - -
EBIT 1 3,97,497 4,87,496 5,73,618 6,40,773 7,04,050 9,43,874 10,63,219 12,53,501
Operating Margin 60.35% 61.36% 63.68% 63.12% 59.64% 59.82% 59.58% 60.33%
Earnings before Tax (EBT) 1 3,21,996 3,66,072 4,16,590 4,90,154 5,84,853 7,08,953 9,16,028 10,75,636
Net income 1 2,10,781 2,62,573 3,11,165 3,69,613 4,41,087 6,08,123 6,90,804 8,12,235
Net margin 32% 33.05% 34.54% 36.41% 37.36% 38.54% 38.71% 39.09%
EPS 2 38.95 47.70 56.30 66.30 78.89 85.44 90.74 106.3
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 7.500 2.500 - 15.50 19.00 19.00 21.02 23.87
Announcement Date 20/04/19 18/04/20 17/04/21 16/04/22 15/04/23 20/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,37,608 2,47,141 2,32,975 2,50,852 2,66,270 2,65,098 2,58,696 2,86,167 3,14,877 3,20,830 3,28,289 3,83,129 3,95,211 4,26,035 4,13,860
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,51,860 1,55,328 1,51,370 1,58,073 1,67,760 1,63,570 1,53,678 1,73,922 1,90,241 1,86,209 1,87,720 2,30,366 2,37,441 2,67,713 2,49,193
Operating Margin 63.91% 62.85% 64.97% 63.01% 63% 61.7% 59.4% 60.78% 60.42% 58.04% 57.18% 60.13% 60.08% 62.84% 60.21%
Earnings before Tax (EBT) 1 1,17,719 1,08,391 1,03,062 1,18,826 1,37,820 1,30,447 1,21,801 1,41,520 1,62,176 1,59,355 1,59,120 1,98,691 2,04,307 2,34,980 -
Net income 1 87,583 81,865 77,296 88,343 1,03,422 1,00,552 91,960 1,06,058 1,22,595 1,20,474 1,19,518 1,46,356 1,55,918 1,78,168 1,60,210
Net margin 36.86% 33.12% 33.18% 35.22% 38.84% 37.93% 35.55% 37.06% 38.93% 37.55% 36.41% 38.2% 39.45% 41.82% 38.71%
EPS 2 15.80 14.70 13.90 15.90 18.50 18.00 16.50 19.00 21.89 21.49 21.28 19.50 20.70 24.60 -
Dividend per Share - - - - - 15.50 - - - - - - - - -
Announcement Date 16/01/21 17/04/21 17/07/21 16/10/21 15/01/22 16/04/22 16/07/22 15/10/22 14/01/23 15/04/23 17/07/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16.5% 16.4% 16.6% 16.7% 17% 16% 15.3% 15.7%
ROA (Net income/ Total Assets) 1.9% 2.01% 1.97% 2.03% 1.95% 1.87% 1.79% 1.84%
Assets 1 1,10,93,758 1,30,63,343 1,57,95,193 1,82,07,552 2,26,78,000 3,25,23,083 3,86,78,858 4,42,51,906
Book Value Per Share 2 274.0 312.0 370.0 433.0 522.0 572.0 648.0 732.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 20/04/19 18/04/20 17/04/21 16/04/22 15/04/23 20/04/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
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