Is HDFC Bank a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HDFC Bank Ltd is a good quality company .

Is HDFC Bank undervalued or overvalued?

The key valuation ratios of HDFC Bank Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is HDFC Bank share price return in the past 10 years?

HDFC Bank Ltd share price has appreciated 14.2% annually (CAGR) over the past ten years.

Is HDFC Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HDFC Bank Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

HDFC Bank Ltd - Stock Valuation and Financial Performance

Name: HDFC Bank
Brand: HDFC Bank

BSE: 500180 | NSE: HDFCBANK | Bank - Private | Large Cap

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HDFC Bank Share Price

₹1,791.75 -5.90 -0.33%
as on 26-Dec'24 16:59

10 Year X-Ray of HDFC Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Net Interest Income (₹ Cr.)	19,110	23,378	29,092	35,230	42,906	51,448	60,052	69,305	77,352	92,974	1,45,062
YoY Gr. Rt. %	-	22.3%	24.4%	21.1%	21.8%	19.9%	16.7%	15.4%	11.6%	20.2%	-
Total Income	50,853	60,212	74,373	86,149	1,01,344	1,24,108	1,47,068	1,55,885	1,67,695	2,04,666	4,77,860
YoY Gr. Rt. %	-	18.4%	23.5%	15.8%	17.6%	22.5%	18.5%	6%	7.6%	22.1%	-
Adj EPS (₹ )	18.2	21.3	25.3	29.8	35.7	41	49.7	57.7	68.6	82.4	90.5
YoY Gr. Rt. %	-	17%	18.8%	17.8%	19.6%	15%	21.2%	16.2%	18.8%	20.1%	-
BVPS (₹ )	92.1	126	147	179.1	211.2	282.1	321.6	380.6	445.4	516.7	625.8
YoY Gr. Rt. %	-	36.9%	16.7%	21.9%	17.9%	33.6%	14%	18.3%	17%	16%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	2	2	1.7
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.3	0.3	-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	19.2%	16.7%	15.7%	20.2%
Total Income	16.7%	15.1%	11.7%	22.1%
Adj EPS	18.3%	18.3%	18.4%	20.1%
BVPS	21.1%	19.6%	17.1%	16%
Share Price	14.2%	7.1%	7.5%	6.5%

Key Financial Ratios


RATIOS \ YEARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Interest Earned / Total Income	83.68	84.15	84.93	85.05	84.16	84.73	83.08	82.47	81.06	83.43	67.4
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	4	4.1	4	4.2	4	4.2	4	4	3.8	3.9	3.5
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	21.7	19.9	18.7	18.4	18.4	17.1	16.5	16.5	16.7	17.2	14.5
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	44.8	44	43.3	48	43.5	42.4	42.2	46.1	48.1	44.4	-

Recent Performance Summary

Total Income has increased 11.65 CAGR in last 3 years

Net Profit has increased 18.38 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is not so good in last 4 quarters

Return on Equity has declined versus last 3 years average to 15.80%

Latest Financials - HDFC Bank Ltd.

	Standalone	Consolidated
TTM EPS (₹)	86.1	90.5
TTM Sales (₹ Cr.)	2,89,105	3,21,990
BVPS (₹.) ⓘ	601.8	625.8
Reserves (₹ Cr.) ⓘ	4,59,480	4,77,794
P/BV ⓘ	2.99	2.87
PE ⓘ	20.87	19.87

From the Market
52 Week Low / High (₹)	1363.45 / 1880.00
All Time Low / High (₹)	3.23 / 1880.00
Market Cap (₹ Cr.)	13,74,792
Equity (₹ Cr.)	764.8
Face Value (₹)	1
Industry PE ⓘ	17.9

Management X-Ray of HDFC Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of HDFC Bank

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of HDFC Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	60,212	74,373	86,149	1,01,344	1,24,108	1,47,068	1,55,885	1,67,695	2,04,666	4,07,995
Interest Income	50,666	63,162	73,271	85,288	1,05,161	1,22,189	1,28,552	1,35,936	1,70,754	2,83,649
Other Income ⓘ	9,546	11,212	12,878	16,057	18,947	24,879	27,333	31,759	33,912	1,24,346
Expenditure	49,512	61,556	70,862	82,784	1,01,662	1,19,772	1,24,029	1,29,545	1,58,517	3,42,548
Interest Expense	27,288	34,070	38,042	42,381	53,713	62,137	59,248	58,584	77,780	1,54,139
Operating Expenses	14,578	17,832	20,751	23,927	27,695	33,036	35,001	40,312	51,534	1,52,269
Provisions	7,646	9,654	12,069	16,475	20,255	24,599	29,780	30,648	29,204	36,140
Profit Before Tax	16,080	19,511	23,366	28,464	34,318	38,195	42,796	50,873	61,498	76,569
Taxes	5,380	6,694	8,078	9,903	11,873	10,899	10,939	12,722	15,350	11,122
Profit After Tax	10,700	12,817	15,287	18,561	22,446	27,296	31,857	38,151	46,149	65,447
Adjusted EPS (₹)	21.32	25.32	29.82	35.66	41.00	49.70	57.74	68.62	82.44	84.33
Dividend Payout Ratio (%)	19%	19%	18%	18%	18%	5%	11%	23%	23%	23%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	501	506	513	519	545	548	551	555	558	760
Total Reserves ⓘ	62,653	73,798	91,281	1,09,080	1,53,128	1,75,810	2,09,259	2,46,431	2,87,762	4,52,983
Minority Interest	162	181	291	356	502	577	633	720	860	13383
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
Borrowings ⓘ	59,478	1,03,714	98,416	1,56,442	1,57,733	1,86,834	1,77,697	2,26,967	2,56,549	7,30,615
Other Liabilities	34,019	38,140	58,709	48,413	58,396	70,854	77,646	90,259	1,02,040	4,55,566
Total Liabilities ⓘ	6,07,097	7,62,212	8,92,344	11,03,186	12,92,806	15,80,830	17,99,507	21,22,934	25,30,433	40,30,194
Assets
Balance with RBI	27,522	30,077	37,911	1,04,688	46,805	72,211	97,370	1,30,031	1,17,189	1,78,719
Balance with Banks	9,004	8,992	11,401	18,373	35,013	15,729	23,902	25,355	79,959	50,116
Investments ⓘ	1,49,454	1,93,634	2,10,777	2,38,461	2,89,446	3,89,305	4,38,823	4,49,264	5,11,582	10,05,682
Advances	3,83,408	4,87,290	5,85,481	7,00,034	8,69,223	10,43,671	11,85,284	14,20,942	16,61,949	25,65,892
Net Block ⓘ	3,269	3,524	3,859	3,855	4,264	4,671	5,293	6,476	8,476	12,604
Other Assets	34,483	38,739	42,960	37,819	48,100	55,288	48,879	90,910	1,51,322	2,17,183
Total Assets ⓘ	6,07,097	7,62,212	8,92,344	11,03,186	12,92,806	15,80,830	17,99,507	21,22,934	25,30,433	40,30,194

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-21,281	-34,435	17,282	17,214	-62,872	-16,869	42,476	-11,960	20,814	19,069
Cash Flow From Investing Activity ⓘ	-811	-866	-1,148	-852	-1,598	-1,617	-1,681	-2,216	-3,424	5,314
Cash Flow From Financing Activity ⓘ	18,694	37,815	-5,893	57,378	23,131	24,394	-7,321	48,124	23,941	-3,983
Net Cash Flow ⓘ	-3,398	2,514	10,241	73,740	-41,339	5,908	33,474	33,948	41,330	20,400

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	43	51	60	71	82	50	58	69	82	84
DPS (₹)	8	10	11	13	15	3	7	16	19	20
BVPS (₹)	252	294	358	422	564	322	381	445	517	597
Margin Ratios
Yield on Advances (%)	13.2	13.0	12.5	12.2	12.1	11.7	10.9	9.6	10.3	11.1
Yield on Investments (%)	7.0	7.7	8.1	7.3	7.1	6.0	6.5	5.9	6.0	7.7
Cost of Liabilities (%)	5.4	5.2	5.1	4.5	5.0	4.7	3.9	3.3	3.6	5.0
NIM (%)	4.1	4.0	4.2	4.0	4.2	4.0	4.0	3.8	3.9	3.4
Interest Spread (%)	7.9	7.7	7.4	7.7	7.1	7.1	6.9	6.3	6.6	6.1
Performance Ratios
ROA (%)	1.9	1.9	1.9	1.9	1.9	1.9	1.9	2.0	2.0	2.0
ROE (%)	19.9	18.7	18.4	18.4	17.1	16.5	16.5	16.7	17.2	17.6
ROCE (%)	18.4	16.3	16.4	16.7	16.3	14.7	13.8	14.1	15.2	15.2
Efficiency Ratios
Cost to Income Ratio (%)	44.3	44.2	43.1	40.6	39.3	38.9	36.2	37.0	40.6	60.0
Operating Costs to Assets (%)	2.4	2.3	2.3	2.2	2.1	2.1	1.9	1.9	2.0	3.8
Valuation Parameters
Price/Book(x)	4.1	3.6	4.0	4.5	4.1	2.7	3.9	3.3	3.1	2.4

HDFC Bank Ltd Stock News

HDFC Bank Ltd FAQs

What is the share price of HDFC Bank?

Company share prices are keep on changing according to the market conditions. The closing price of HDFC Bank on 26-Dec-2024 16:59 is ₹1,791.8.

What is the market cap of HDFC Bank?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Dec-2024 16:59 the market cap of HDFC Bank stood at ₹13,74,792.4.

What is the P/E ratio of HDFC Bank?

The latest P/E ratio of HDFC Bank as of 26-Dec-2024 16:59 is 20.87.

What is the P/B ratio of HDFC Bank?

The latest P/B ratio of HDFC Bank as of 26-Dec-2024 16:59 is 2.99.

What is the 52-week high and low of HDFC Bank?

The 52-week high of HDFC Bank is ₹1,880 and the 52-week low is ₹1,363.5.

What is the TTM revenue of HDFC Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HDFC Bank is ₹2,89,105 ( Cr.) .

About HDFC Bank Ltd

HDFC Bank Ltd. is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.

Business area of the Bank

HDFC Bank caters to a wide range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side. The bank has three key business segments: Wholesale Banking, Treasury and Retail Banking.

Wholesale Banking-: The Bank's target market is primarily large, blue-chip manufacturing companies in the Indian corporate sector and to a lesser extent, small & mid-sized corporates and agri-based businesses. For these customers, the Bank provides a wide range of commercial and transactional banking services, including working capital finance, trade services, transactional services, cash management, etc. The bank is also a leading provider of structured solutions, which combine cash management services with vendor and distributor finance for facilitating superior supply chain management for its corporate customers. Based on its superior product delivery / service levels and strong customer orientation, the Bank has made significant inroads into the banking consortia of a number of leading Indian corporates including multinationals, companies from the domestic business houses and prime public sector companies. It is recognised as a leading provider of cash management and transactional banking solutions to corporate customers, mutual funds, stock exchange members and banks.

Treasury-: Within this business, the bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. With the liberalisation of the financial markets in India, corporates need more sophisticated risk management information, advice and product structures. These and fine pricing on various treasury products are provided through the bank's Treasury team. To comply with statutory reserve requirements, the bank is required to hold 25% of its deposits in government securities. The Treasury business is responsible for managing the returns and market risk on this investment portfolio.

Retail Banking-: The objective of the Retail Bank is to provide its target market customers a full range of financial products and banking services, giving the customer a one-stop window for all his/her banking requirements. The products are backed by world-class service and delivered to customers through the growing branch network, as well as through alternative delivery channels like ATMs, Phone Banking, NetBanking and Mobile Banking. The HDFC Bank Preferred program for high net worth individuals, the HDFC Bank Plus and the Investment Advisory Services programs have been designed keeping in mind needs of customers who seek distinct financial solutions, information and advice on various investment avenues. The Bank also has a wide array of retail loan products including Auto Loans, Loans against marketable securities, Personal Loans and Loans for Two-wheelers. It is also a leading provider of Depository Participant (DP) services for retail customers, providing customers the facility to hold their investments in electronic form.

Achievements/ recognition

2007

Dun & Bradstreet - American Express Corporate Best Bank Award 2007 - 'Corporate Best Bank' Award
The Bombay Stock Exchange and Nasscom Foundation's Business for Social Responsibility Awards 2007 - 'Best Corporate Social Responsibility Practice' Award
Outlook Money & NDTV Profit - Best Bank Award in the Private sector category
The Asian Banker Excellence in Retail Financial Services Awards - Best Retail Bank in India
Asian Banker - Its Managing Director Aditya Puri wins the Leadership Achievement Award for India

2008

Finance Asia Country Awards for Achievement 2008 - 'Best Bank and Best Cash Management Bank'
CNN-IBN - 'Indian of the Year (Business)'
Nasscom IT User Award 2008 - 'Best IT Adoption in the Banking Sector'
Business India - 'Best Bank 2008'
Forbes Asia - Fab 50 companies in Asia Pacific
Asian Banker Excellence in Retail Financial Services - Best Retail Bank 2008
Asiamoney - Best local Cash Management Bank Award voted by Corporates
Microsoft & Indian Express Group - Security Strategist Award 2008
World Trade Center Award of honour - For outstanding contribution to international trade services.
Business Today-Monitor Group survey - One of India's 'Most Innovative Companies'
Financial Express-Ernst & Young Award - Best Bank Award in the Private Sector category
Global HR Excellence Awards - Asia Pacific HRM Congress: - 'Employer Brand of the Year 2007 -2008' Award - First Runner up, & many more
Business Today - 'Best Bank' Award

2009

Business Standard Best Banker Award - Mr. Aditya Puri, MD, HDFC Bank
Fe Best Bank Awards 2009 - Best Innovator of the year award for its MD Mr. Aditya Puri - Second Best Private Bank in India - Best in Strength and Soundness Award
Euromoney Awards 2009 - 'Best Bank in India'
Economic Times Brand Equity & Nielsen Research annual survey 2009 - Most Trusted Brand - Runner Up
Asia Money 2009 Awards - 'Best Domestic Bank in India'
IBA Banking Technology Awards 2009 - 'Best IT Governance Award - Runner up'
Global Finance Award - 'Best Trade Finance Bank in India for 2009
IDRBT Banking Technology Excellence Award 2008 - 'Best IT Governance and Value Delivery'
Asian Banker Excellence in Retail Financial Services - 'Asian Banker Best Retail Bank in India Award 2009'

2010

Outlook Money 2010 Awards - Best Bank
Businessworld Best Bank Awards 2010 - Best Bank (Large)
Teacher's Achievement Awards 2010 (Business) - Mr. Aditya Puri
The Banker and PWM 2010 Global Private Banking Awards - Best Private Bank in India
Economic Times Awards for Corporate Excellence 2010 - Business Leader of the Year - Mr. Aditya Puri
Forbes Asia - Fab 50 Companies - 5th year in a row
NDTV Business Leadership Awards 2010 - Best private sector bank
The Banker Magazine - World's Top 1,000 Banks
MIS Asia IT Excellence Award 2010 - BEST BOTTOM-LINE I.T. Category
Dun & Bradstreet Banking Awards 2010 - Overall best bank, Best private sector bank, Best private sector bank in SME Financing
Institutional Investor Magazine Poll - HDFC Bank MD, Mr. Aditya Puri among ‘Asian Captains of Finance 2010’
IDRBT Technology 2009 Awards - IT Infrastructure, Use of IT within the Bank and Runners-up - IT Governance (Large Banks)
ACI Excellence Awards 2010 - Highly Commended - Asia Pacific HDFC Bank
FE-EVI Green Business Leadership Award - Best performer in the banking category
Celent's 2010 Banking Innovation Award - Model bank Award
Avaya Global Connect 2010 - Customer Responsiveness Award - Banking & Financial Services category
Forbes Top 2000 Companies - HDFC Bank at 632nd position and among 130 global high performers
Financial Express - Ernst & Young Survey 2009-10 - Best new private sector bank, Best in growth and Best in strength
Asian Banker Excellence Awards 2010 - Best retail bank in India, Excellence in automobile lending, Best M&A integration and technology implementation
The Asset Triple A Awards - Best cash management bank in India
Euromoney Private Banking and Wealth Management Poll 2010 - Best local bank in India (second year in a row), Best private banking services overall (moved up from No. 2 last year)
Financial Insights Innovation Awards 2010 - Innovation in branch operations - server consolidation project
Global Finance Award - Best trade finance provider in India for 2010
2 Banking Technology Awards 2009 - Best risk management initiative and Best use of business intelligence
SPJIMR Marketing Impact Awards (SMIA) 2010
Business Today Best Employer Survey - Listed in top 10 best employers in the country

2011

CNBC TV18's Best Bank & Financial Institution Awards - Best Bank and Mr. Aditya Puri, for outstanding finance professional
Dun & Bradstreet Banking Awards 2011 - Best private sector bank - SME Financing
ISACA 2011 award for IT Governance - Best practices in IT Governance and IT Security
IBA Productivity Excellence Awards 2011 - New Channel Adopter (Private Sector)
DSCI (Data Security Council of India) Excellence Awards 2011 - Security in bank
FINANCE ASIA Country Awards 2011: India - Best bank, best cash management bank and best trade finance bank
Asian Banker - Strongest bank in Asia Pacific
Bloomberg UTV's Financial Leadership Awards 2011 - Best bank
IBA Banking Technology Awards 2010 - Technology bank of the year, best online bank, best customer initiative, best use of business intelligence, best risk management system and runners up - best financial inclusion
IDC FIIA Awards 2011 - Excellence in customer experience

2013