Operates as a private-sector bank that takes deposits and lends through retail, wholesale, treasury and other banking operations. Retail Banking is the largest revenue segment at 49.6% of segment revenue for the nine months ended December 2024, covering personal loans, mortgages, home loans and unsecured credit lines to individuals. Wholesale Banking contributes 33.6%, serving corporates, mid-market enterprises, MSME business banking and trade finance, while Treasury at 10.7% runs the investment book and balance-sheet hedging, and Other Banking Business at 6.1% covers insurance distribution and allied activities. At Q1 FY27, period-end gross advances stood at Rs 30,610 billion (up 15.4% YoY) and average deposits at Rs 30,114 billion (up 13.3% YoY). The franchise runs about 9,700 branches serving roughly 100 million customers, with digital adoption at 97% on payments. Recent growth drivers include MSME business banking at 22.3% YoY, mortgage disbursements up 14% YoY, and Rs 14,000 crore disbursed under ECLGS 5.0. Asset quality remains tight at GNPA of 1.17% and capital adequacy of 19.57%, with NIM around 3.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (50%), Wholesale Banking (34%), Treasury (11%), Other Banking Business (6%). Private-sector diversified commercial bank with a large retail franchise and integrated treasury
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 38,053 | 45,997 | 64,062 | 68,144 | 76,026 |
| EPS, as reported (₹) | 68.80 | 82.64 | 90.42 | 92.81 | 49.50 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (11,960) | 20,814 | 19,069 | 1,27,242 | 1,13,506 |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 23,167 | 23,973 | 25,124 | 20,850 | 25,906 | 26,961 | 26,948 | 27,193 |
| Net profit | 17,826 | 18,340 | 18,835 | 17,090 | 19,611 | 20,691 | 20,351 | 20,383 |
| EPS (₹) | 23.40 | 23.11 | 24.62 | 21.23 | 12.78 | 12.88 | 13.22 | 12.50 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD ◆ | 10,90,797 | 13.8 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,89,606 | 17.6 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,16,767 | 10.9 | — | — | — | — | — | — |
| AXIS BANK LIMITED | 3,87,606 | 13.9 | — | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · HDFC Bank to attend JP Morgan investor conference in London on Sep 17 | board shareholder meetings | low | — | — |
| 6 Sept 2026 · HDFC Bank grants ESOPs and RSUs to employees under multiple schemes | capital market events | low | — | — |
| 1 Sept 2026 · HDFC Bank to redeem INR 7,390 crore AT1 notes on Sep 30, 2026 | credit debt | high | — | — |
| 1 Sept 2026 · HDFC Bank gets ESG rating of 74.4 from SES ESG Research | business updates | medium | — | — |
| 31 Aug 2026 · HDFC Bank allots about 30.58 lakh shares under ESOP scheme | capital market events | low | — | — |
| 29 Aug 2026 · HDFC Bank MD and CEO Sashidhar Jagdishan to step down on Oct 26, 2026 | management changes | critical | — | — |
| 29 Aug 2026 · HDFC Bank MD and CEO Jagdishan to retire on Oct 26, 2026 | management changes | critical | — | — |
| 24 Aug 2026 · HDFC Bank discloses ESG ratings from two agencies | credit debt | medium | — | — |
| 20 Aug 2026 · HDFC Bank raises USD 1.75 bn via senior unsecured bonds | fund raising | high | — | — |
| 20 Aug 2026 · HDFC Bank gets BBB and Baa3 ratings for USD 1.75bn Senior Notes | credit debt | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| IDBI BANK LIMITED |
| 89,836 |
| 9.6 |
| — |
| — |
| — |
| — |
| — |
| — |
| FEDERAL BANK LTD | 85,024 | 18.1 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED | 76,215 | 57.6 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 74,268 | 33.2 | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.8 | 12.4 | 12 of 20 | 42% |
| Profit growth | 19.3 | 29.5 | 15 of 20 | 26% |
| Market cap | 1090797 | 48154 | 1 of 20 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
