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HDB

NYSE
Favorable · 70/100

HDFC Bank Ltd

Financials
Banking

$27.43

6.4%

Updated Today 12:11 PM ET

Report Card

HDB at a glance — five pillars scored 0–100 from real filed financials.

Value
0
Growth
0
Profitability
0
Health
0
Dividends
0

Overall: Favorable · 70/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.

Price — Past Year

▼ Down 28.3% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$148.04B

P/E

16.23x

Forward P/E (est.)

23.18x

ROE

13.6%

Revenue Growth

47.4%

EPS Growth

-38.5%

Profit Margin

32.5%

FCF Yield

Debt / Equity

1x

ROIC

Interest Coverage

Current Ratio

Dividend Yield

1.6%

Implied Growth (rev. DCF)

0.1%

Rating Score

70/100

Business Overview
Research

HDFC Bank Ltd (HDB) is a large-cap company in the Banking industry, part of the Financials sector of the S&P 500, with a market value around $148.04B.

In its latest reported year it generated about $25.64B in revenue and $7.88B in net profit.

Our model rates HDB Favorable (70/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what HDB's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. HDB trades near $27.43, around its 50-day average ($24.74) and 200-day average ($30.89). Price tangled in its moving averages means there is no clear trend — the stock is ranging.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 80 it is overbought — the recent rally is stretched and can cool off.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. HDB's is $0.67 (~2.4% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month HDB found buyers near $22.91 (support) and sellers near $27.49 (resistance); its 52-week range is $22.91–$39.81. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 0.7× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Revenue Growth
Research

4Y CAGR

24.4%

2/4 checks passedRevenue growingRevenue growth beats sector midpointEPS growingEPS growing faster than revenue

Revenue moved from $5.55B in 2016 to $25.64B in 2025, a 18.5% compound annual growth rate. The most recent year grew a strong 47.4% year over year. Consistent top-line growth is one sign of healthy demand.

Profitability
Research
3/3 checks passedProfitableNet margin above sector midpointROE above 12%

Gross Margin

Operating Margin

42.0%

Net Margin

30.8%

ROE

13.6%

HDFC Bank Ltd keeps about 32.5% of each sales dollar as net profit. Return on equity is 13.6%. Margins this wide usually signal pricing power or a cost advantage.

Debt Analysis
Research
1/2 checks passedDebt under 1× equityDebt under 2× equity

Total Debt

$68.67B

Net Debt

$59.85B

Net Debt / EBITDA

Debt / Equity

1x

Leverage: debt-to-equity is 1.0x. That is a moderate, manageable debt load for most businesses. It carries roughly $68.67B of total debt against $8.82B of cash.

Cash Flow Analysis
Research
1/1 checks passedMarket expects achievable growth (<8%)

Operating CF

$14.00B

Free Cash Flow

$13.22B

FCF Margin

51.6%

In the latest year HDFC Bank Ltd produced about $14.00B of operating cash flow and $13.22B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis
Research
3/4 checks passedPositive earnings (P/E meaningful)P/E below sector's upper bandForward P/E below trailing (earnings growing)Trading below DCF fair value

P/E

16.23x

P/S

9.05x

P/B

1.92x

EV / EBITDA

HDB trades at 16.2x trailing earnings (about 23.2x on estimated forward earnings), 9.0x sales, and 1.9x book value. Reverse-engineering today's price implies the market expects roughly 0.1% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.

DCF Fair Value (Educational)

A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.

DCF fair value / share

$71.53

Current price

$27.43

+161% · Below fair-value estimate

Starting FCF (latest 10-K)

$13.22B

Growth, years 1–5

20.0%

Fade to terminal, years 6–10

2.5%

Discount rate

9.0%

PV of 10-yr free cash flow$204.23B
PV of terminal value$343.14B
Estimated equity value$547.37B
Shares outstanding7.65B

Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.

Metrics vs. Sector Range

Where HDB sits versus its Financials sector peers in the S&P 500.

TTM P/E
16.2xFair
Forward P/E
23.2xExpensive
P/S ratio
9.0xExpensive
Revenue growth
47.4%Average
EPS growth
-38.5%Weak
Gross margin
Net margin
32.5%Strong
ROE
13.6%Average

Bands show the middle half (25th–75th percentile) of the 95 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.

Sector Peer Comparison

How HDB stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.

In the Financials sector (181 S&P 500 companies), HDB ranks #29 of 181 by our overall rating. It trades at roughly in line versus the sector on earnings (16.2x P/E vs. 15.3x median) with a lower return on equity (13.6% vs. 13.6%) and faster revenue growth (47.4% vs. 15.5%).

P/E vs sector

16.2x

median 15.3x

ROE vs sector

13.6%

median 13.6%

Growth vs sector

47.4%

median 15.5%

Sector rank

#29

of 181 by rating

CompanyP/ERev Gr.Rating
HDBThis stock16.2x47.4%Favorable· 70
BBVA11.8x72.4%Favorable· 65
MFG15.8x153.2%Favorable· 68
BMO17.9x115.3%Favorable· 69
IBN18.7x36.2%Strong· 76
BNS15.8x84.6%Strong· 75
CM15.3x129.9%Favorable· 70
ITUB13.8x47.2%Neutral· 56
Financials median15.3x15.5%26/100

Valuation vs. quality map

sector medianBBVAMFGBMOIBNBNSCMITUBHDBP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Financials companies by sub-industry and size. Sector median is across all 181 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$0.00 $0.00

vs. $27.43 today · expected CAGR 19%31%

Metric20262027202820292030
Revenue$37.17B$53.90B$78.16B$113.33B$164.32B
Net income$11.52B$16.71B$24.23B$35.13B$50.94B
EPS$1.51$2.18$3.17$4.59$6.66
Share price (low)$15.06$21.84$31.66$45.91$66.57
Share price (high)$24.09$34.94$50.66$73.46$106.51
CAGR (low–high)-45% / -12%-11% / 13%5% / 23%14% / 28%19% / 31%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for HDB:

  • Revenue is growing 47.4% a year, a sign of real demand.
  • High net margins (32.5%) point to pricing power or efficiency.
  • Our model's overall read is Favorable (70/100).
Bear Case

The case against HDB:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Balance-sheet risk — debt/equity of 1.0x magnifies the impact of higher rates or weaker earnings.

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the fundamentals screen favourably: HDFC Bank Ltd is a large-cap financials business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 16.2x earnings, which our model scores Favorable (70/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

HDB — frequently asked questions

Is HDB a good stock to buy?

We don't give buy or sell advice. Our model rates HDFC Bank Ltd Favorable (70/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.

What is HDB's rating on The Stocks School?

HDFC Bank Ltd currently scores 70/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.

How our ratings work
Where does HDB's data come from?

Live price data plus real fundamentals and 5-year financials pulled directly from HDFC Bank Ltd's SEC filings — refreshed automatically, not hand-entered.

How is the 5-year projection for HDB calculated?

It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.

Is this HDB analysis financial advice?

No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell HDB. Always do your own research and consider a licensed professional.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.