HDFC Bank Ltd

HDFC Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

HDFC Bank Ltd

₹ 1,742 2.18%
19 Nov - close price
hdfcbank.com BSE: 500180 NSE: HDFCBANK
About

HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
As of April 2024, HDFC Bank has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges. [1]

Key Points

Market Position
The company is India's one of 3 systemically important banks with a 15% market share in the banking sector’s advances and a 37% market share in the private sector banks’ advances as of FY24. It is also the second-largest bank in India. [1] It is among the top 3 Government Banks collecting direct and indirect taxes for the Government of India. [2] It is a market leader in almost every asset category. [3]

Website BSE NSE
  • Market Cap ₹ 13,31,590 Cr.
  • Current Price ₹ 1,742
  • High / Low ₹ 1,794 / 1,363
  • Stock P/E 20.2
  • Book Value ₹ 580
  • Dividend Yield 1.12 %
  • ROCE 7.54 %
  • ROE 16.9 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.9%
  • Company's median sales growth is 16.0% of last 10 years

Cons

  • Stock is trading at 3.01 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.23,62,091 Cr.
  • Working capital days have increased from 55.2 days to 79.0 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 31,353 32,468 33,449 35,172 38,586 42,708 45,119 48,587 67,698 70,583 71,473 73,033 74,017
Interest 13,669 14,025 14,576 15,691 17,565 19,720 21,768 24,988 40,313 42,111 42,396 43,196 43,903
13,203 12,845 13,465 13,690 14,465 15,270 16,147 16,917 18,303 20,178 31,480 19,223 19,591
Financing Profit 4,482 5,598 5,408 5,792 6,556 7,718 7,204 6,682 9,082 8,294 -2,404 10,614 10,523
Financing Margin % 14% 17% 16% 16% 17% 18% 16% 14% 13% 12% -3% 15% 14%
7,401 8,184 7,637 6,388 7,596 8,500 8,731 9,230 10,708 11,137 18,166 10,668 11,483
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 11,883 13,782 13,045 12,180 14,152 16,218 15,936 15,912 19,790 19,431 15,763 21,283 22,005
Tax % 26% 25% 23% 24% 25% 24% 24% 25% 19% 16% -5% 24% 24%
8,834 10,342 10,055 9,196 10,606 12,259 12,047 11,952 15,976 16,373 16,512 16,175 16,821
EPS in Rs 15.95 18.66 18.13 16.56 19.04 21.98 21.59 21.37 21.07 21.56 21.73 21.26 22.04
Gross NPA % 1.35% 1.26% 1.17% 1.28% 1.23% 1.23% 1.12% 1.17% 1.34% 1.26% 1.24% 1.33% 1.36%
Net NPA % 0.40% 0.37% 0.32% 0.35% 0.33% 0.33% 0.27% 0.30% 0.35% 0.31% 0.33% 0.39% 0.41%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 35,065 41,136 48,470 60,221 69,306 80,241 98,972 114,813 120,858 127,753 161,586 258,341 289,105
Interest 19,254 22,653 26,074 32,630 36,167 40,146 50,729 58,626 55,979 55,744 74,743 149,808 171,606
12,261 12,959 15,407 18,999 22,464 27,712 32,529 41,644 47,123 50,904 57,329 84,068 90,472
Financing Profit 3,550 5,524 6,989 8,592 10,676 12,383 15,714 14,542 17,757 21,105 29,513 24,464 27,027
Financing Margin % 10% 13% 14% 14% 15% 15% 16% 13% 15% 17% 18% 9% 9%
6,853 7,920 8,996 10,752 12,296 15,220 17,626 23,261 25,205 29,510 31,215 49,241 51,454
Depreciation 652 672 656 706 833 906 1,140 1,196 1,302 1,600 2,242 2,810 0
Profit before tax 9,751 12,772 15,329 18,638 22,139 26,697 32,200 36,607 41,659 49,015 58,485 70,895 78,481
Tax % 31% 34% 33% 34% 34% 34% 35% 28% 25% 25% 25% 14%
6,726 8,478 10,216 12,296 14,550 17,487 21,078 26,257 31,117 36,961 44,109 60,812 65,880
EPS in Rs 14.13 17.67 20.38 24.32 28.39 33.69 38.70 47.89 56.44 66.65 79.05 80.05 86.59
Dividend Payout % 19% 19% 20% 20% 19% 19% 19% 5% 12% 23% 24% 24%
Compounded Sales Growth
10 Years: 20%
5 Years: 21%
3 Years: 29%
TTM: 42%
Compounded Profit Growth
10 Years: 22%
5 Years: 24%
3 Years: 25%
TTM: 26%
Stock Price CAGR
10 Years: 14%
5 Years: 7%
3 Years: 4%
1 Year: 15%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 17%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 476 480 501 506 513 519 545 548 551 555 558 760
Reserves 35,738 42,999 61,508 72,172 88,950 105,776 148,662 170,438 203,170 239,538 279,641 439,486
329,254 406,776 496,009 631,393 717,669 911,876 1,040,226 1,292,131 1,470,548 1,744,035 2,090,160 3,041,939
34,864 41,344 32,484 36,725 56,709 45,764 55,108 67,394 72,602 84,407 95,722 135,438
Total Liabilities 400,332 491,600 590,503 740,796 863,840 1,063,934 1,244,541 1,530,511 1,746,871 2,068,535 2,466,081 3,617,623
2,703 2,940 3,122 3,343 3,627 3,607 4,030 4,432 4,909 6,084 8,017 11,399
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 111,614 120,951 151,642 195,836 214,463 242,200 293,116 391,827 443,728 455,536 517,001 702,415
286,015 367,709 435,740 541,617 645,750 818,127 947,395 1,134,253 1,298,233 1,606,916 1,941,064 2,903,809
Total Assets 400,332 491,600 590,503 740,796 863,840 1,063,934 1,244,541 1,530,511 1,746,871 2,068,535 2,466,081 3,617,623

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1,869 8,364 -15,862 -30,132 23,585 26,074 -56,055 -16,690 41,495 -14,209 27,313 35,015
-855 -1,623 -1,933 -627 -1,985 -523 -1,231 -891 -1,262 -1,126 -1,997 12,604
9,066 5,563 14,543 33,347 -11,568 48,411 15,718 22,852 -7,381 48,192 16,122 -22,237
Net Cash Flow 6,342 12,303 -3,252 2,587 10,033 73,963 -41,567 5,271 32,852 32,857 41,438 25,382

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 20% 21% 19% 18% 18% 18% 16% 16% 17% 17% 17% 17%

Shareholding Pattern

Numbers in percentages

43 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
25.80% 25.78% 25.73% 25.64% 25.60% 25.59% 25.52% 0.00% 0.00% 0.00% 0.00% 0.00%
37.47% 35.62% 32.31% 32.14% 32.10% 32.24% 33.38% 52.13% 52.31% 47.83% 47.17% 48.02%
22.97% 24.55% 27.11% 27.53% 28.13% 28.09% 26.75% 30.39% 30.54% 33.33% 35.20% 35.05%
0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.17% 0.17% 0.18% 0.18% 0.18%
13.60% 13.89% 14.69% 14.51% 13.99% 13.91% 14.19% 17.30% 16.98% 18.64% 17.44% 16.75%
No. of Shareholders 18,88,27621,51,63026,60,57725,20,91123,03,29122,90,09223,45,67230,58,65930,18,24741,21,81536,64,32539,21,910

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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