Financials HDFC Bank Limited

Equities

HDFCBANK

INE040A01034

Banks

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
1,510 INR -0.06% Intraday chart for HDFC Bank Limited -1.40% -11.67%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,315,076 4,726,045 8,234,159 8,153,886 8,980,875 11,469,816 - -
Enterprise Value (EV) 1 6,315,076 4,726,045 8,234,159 8,153,886 8,980,875 10,999,567 11,469,816 11,469,816
P/E ratio 29.8 x 18.1 x 26.5 x 22.2 x 20.4 x 16.9 x 16.6 x 14.2 x
Yield 0.65% 0.29% - 1.05% 1.18% 1.26% 1.39% 1.58%
Capitalization / Revenue 9.59 x 5.95 x 9.14 x 8.03 x 7.61 x 6.97 x 6.43 x 5.52 x
EV / Revenue 9.59 x 5.95 x 9.14 x 8.03 x 7.61 x 6.97 x 6.43 x 5.52 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.23 x 2.76 x 4.04 x 3.4 x 3.08 x 2.64 x 2.33 x 2.06 x
Nbr of stocks (in thousands) 5,446,613 5,483,286 5,512,776 5,545,541 5,579,743 7,596,911 - -
Reference price 2 1,159 861.9 1,494 1,470 1,610 1,510 1,510 1,510
Announcement Date 4/20/19 4/18/20 4/17/21 4/16/22 4/15/23 4/20/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 658,691 794,471 900,845 1,015,195 1,180,571 1,577,734 1,784,402 2,077,786
EBITDA - - - - - - - -
EBIT 1 397,497 487,496 573,618 640,773 704,050 943,874 1,063,219 1,253,501
Operating Margin 60.35% 61.36% 63.68% 63.12% 59.64% 59.82% 59.58% 60.33%
Earnings before Tax (EBT) 1 321,996 366,072 416,590 490,154 584,853 708,953 916,028 1,075,636
Net income 1 210,781 262,573 311,165 369,613 441,087 608,123 690,804 812,235
Net margin 32% 33.05% 34.54% 36.41% 37.36% 38.54% 38.71% 39.09%
EPS 2 38.95 47.70 56.30 66.30 78.89 85.44 90.74 106.3
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 7.500 2.500 - 15.50 19.00 19.00 20.97 23.79
Announcement Date 4/20/19 4/18/20 4/17/21 4/16/22 4/15/23 4/20/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 237,608 247,141 232,975 250,852 266,270 265,098 258,696 286,167 314,877 320,830 328,289 383,129 395,211 426,035 413,860
EBITDA - - - - - - - - - - - - - - -
EBIT 1 151,860 155,328 151,370 158,073 167,760 163,570 153,678 173,922 190,241 186,209 187,720 230,366 237,441 267,713 249,193
Operating Margin 63.91% 62.85% 64.97% 63.01% 63% 61.7% 59.4% 60.78% 60.42% 58.04% 57.18% 60.13% 60.08% 62.84% 60.21%
Earnings before Tax (EBT) 1 117,719 108,391 103,062 118,826 137,820 130,447 121,801 141,520 162,176 159,355 159,120 198,691 204,307 234,980 -
Net income 1 87,583 81,865 77,296 88,343 103,422 100,552 91,960 106,058 122,595 120,474 119,518 146,356 155,918 178,168 160,210
Net margin 36.86% 33.12% 33.18% 35.22% 38.84% 37.93% 35.55% 37.06% 38.93% 37.55% 36.41% 38.2% 39.45% 41.82% 38.71%
EPS 2 15.80 14.70 13.90 15.90 18.50 18.00 16.50 19.00 21.89 21.49 21.28 19.50 20.70 24.60 -
Dividend per Share - - - - - 15.50 - - - - - - - - -
Announcement Date 1/16/21 4/17/21 7/17/21 10/16/21 1/15/22 4/16/22 7/16/22 10/15/22 1/14/23 4/15/23 7/17/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16.5% 16.4% 16.6% 16.7% 17% 16% 15.3% 15.7%
ROA (Net income/ Total Assets) 1.9% 2.01% 1.97% 2.03% 1.95% 1.87% 1.79% 1.84%
Assets 1 11,093,758 13,063,343 15,795,193 18,207,552 22,678,000 32,523,083 38,678,858 44,251,906
Book Value Per Share 2 274.0 312.0 370.0 433.0 522.0 572.0 648.0 732.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 4/20/19 4/18/20 4/17/21 4/16/22 4/15/23 4/20/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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Investor Rating
ESG Refinitiv
B-
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