HDFC Bank Limited (HDFCBANK) AI Stock Analysis

• Market Cap: ₹15.12T
• Dividend Yield: 1.11%
• Average Volume (3M): 587.44K
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.98
• Revenue Growth: 4.96%
• EPS Growth: 2.79%
• Country: IN
• Employees: 214,521
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 23.70
• Shares Outstanding: 7,674,937,500
• 10 Day Avg. Volume: 456,976
• 30 Day Avg. Volume: 587,439
• PEG Ratio: 6.15
• Price to Book (P/B): 2.60
• Price to Sales (P/S): 2.88
• P/FCF Ratio: -6.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,309.36
• Price Target Upside: 16.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 79 Outperform
• Price Target: ₹2,290.00 ▲(15.69% Upside)

HDFC Bank's strong financial performance and strategic initiatives provide a solid foundation for growth. The technical indicators support a positive market sentiment, though valuation concerns and cash flow volatility present challenges. The bank's strategic focus on deposit growth and customer base expansion, coupled with management's cautiously optimistic guidance, contributes to a favorable outlook.

HDFC Bank Limited Business Overview & Revenue Model

Company Description

HDFC Bank Limited (HDFCBANK) is one of India's leading private sector banks, headquartered in Mumbai, Maharashtra. It provides a wide range of banking and financial services, catering to retail and wholesale customers across various segments. The bank's core products and services include retail banking, wholesale banking, and treasury operations. HDFC Bank offers a variety of financial products such as savings and current accounts, loans, credit cards, and investment services, along with digital banking solutions.

How the Company Makes Money

HDFC Bank Limited generates revenue through several key channels. One of the primary sources of income is interest earned from loans provided to individuals and businesses, encompassing personal, home, auto, and business loans. Additionally, the bank earns from fees and commissions associated with banking transactions and services, such as credit card fees, transaction processing fees, and investment product sales. The bank also gains from treasury operations, which involve trading and investment activities in the financial markets. HDFC Bank's extensive branch network and digital banking platforms support its ability to offer a wide range of financial products and services, contributing significantly to its revenue. Strategic partnerships with various financial service providers and corporations further enhance its service offerings and revenue-generating capabilities.

HDFC Bank Limited Financial Statement Overview

Summary

HDFC Bank has demonstrated strong revenue and profit growth, efficient cost management, and improving profitability margins. The balance sheet shows stability with moderate leverage and good return on equity. However, cash flows have shown some volatility, which requires attention.

Income Statement

HDFC Bank has shown consistent revenue growth with a significant increase from 2020 to 2025. Revenue grew from 794,470,700,000 in 2020 to 4,709,150,000,000 in 2025, demonstrating robust growth. The gross profit margin is strong at around 60.9% for 2025, indicating efficient cost management. Net profit margin improved to 15.0% in 2025, showing enhanced profitability. The EBIT and EBITDA margins have also improved, reflecting strong operational efficiency.

Balance Sheet

The balance sheet of HDFC Bank demonstrates stability with a debt-to-equity ratio of 1.22 in 2025, showing moderate leverage. The return on equity has been improving, reaching 13.6% in 2025, indicating efficient use of equity capital. The equity ratio is 11.9%, suggesting a sound capital structure with a substantial asset base.

Cash Flow

Cash flow from operations has been volatile, with negative figures in 2025. Free cash flow shows a decline, which could be a concern. However, the operating cash flow to net income ratio is improving, indicating better cash conversion from income. The bank needs to focus on stabilizing its free cash flow for stronger financial health.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.71T	4.71T	3.52T	1.13T	911.86B	1.53T
Gross Profit	2.87T	2.87T	1.85T	1.13T	892.43B	782.43B
EBITDA	2.80T	2.84T	757.81B	638.47B	525.55B	441.82B
Net Income	707.92B	707.92B	640.62B	495.45B	386.00B	325.98B
Balance Sheet
Total Assets	43.92T	43.92T	40.30T	25.76T	21.11T	18.00T
Cash, Cash Equivalents and Short-Term Investments	2.50T	2.50T	2.29T	7.24T	4.34T	5.32T
Total Debt	6.35T	6.35T	7.31T	3.24T	2.19T	1.92T
Total Liabilities	38.54T	38.54T	35.60T	22.84T	18.60T	15.89T
Stockholders Equity	5.22T	5.22T	4.56T	2.89T	2.47T	2.10T
Cash Flow
Free Cash Flow	0.00	-2.11T	968.48B	433.58B	554.69B	407.80B
Operating Cash Flow	0.00	-2.07T	1.02T	477.20B	581.02B	424.76B
Investing Cash Flow	0.00	-38.51B	-3.67T	-4.39T	-3.30T	-16.81B
Financing Cash Flow	0.00	2.32T	3.35T	4.17T	2.91T	-73.21B

HDFC Bank Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1979.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HDFCBANK, the sentiment is Neutral. The current price of 1979.35 is below the 20-day moving average (MA) of 1995.84, above the 50-day MA of 1973.50, and above the 200-day MA of 1814.60, indicating a neutral trend. The MACD of 1.27 indicates Positive momentum. The RSI at 47.90 is Neutral, neither overbought nor oversold. The STOCH value of 22.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HDFCBANK.

HDFC Bank Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BANKBARODA	80 Outperform	₹1.26T	6.46		3.46%	7.78%	2.18%
HDFCBANK	79 Outperform	₹15.12T	21.33		1.11%	4.96%	2.79%
PNB	74 Outperform	₹1.22T	7.28		2.72%	15.52%	37.23%
ICICIBANK	73 Outperform	₹10.15T	19.02		0.77%	20.17%	15.72%
Sector *	68 Neutral	$17.48B	11.72	10.44%	3.82%	10.01%	1.29%
AXISBANK	61 Neutral	₹3.32T	11.88		0.09%	10.17%	3.87%

HDFC Bank Limited Corporate Events

HDFC Bank Reports Strong Financial Growth in June 2025 Quarter

HDFC Bank Limited reported significant growth in its financial metrics for the quarter ending June 2025. The bank’s average advances under management grew by 8.3% year-on-year, while average deposits increased by 16.4% over the same period. This growth reflects the bank’s strategic initiatives, including the securitization and assignment of loans amounting to ₹33 billion. The bank’s robust performance in advances and deposits underscores its strong market positioning and operational efficiency, which are likely to have positive implications for stakeholders.