Market Trading Band & Circuit Limits
Real-time intraday bandwidth, statutory price bands, and official exchange identifiers for HDFC Bank Limited
Top Valuation & Financial Ratios
Official key metrics and capital efficiency scorecard for HDFC Bank Limited
Institutional Analyst Consensus & 1-Year Price Target
Aggregated institutional price forecasts and rating distribution across 41 domestic & global research brokerages
Brokerage Recommendations (41 Analysts)
₹994.49+36% Upside
Machine-Generated Pros & Cons
Automated checklist highlighting key fundamental strengths and investment risks for HDFC Bank Limited
Fundamental Pros
4 Highlights- Company has delivered strong profit growth of 18.0% CAGR over last 5 years.
- Solid top-line expansion with compounded sales growth of 14.0% over the past 5 years.
- Company maintains a consistent shareholder yield with current dividend yield of 1.82%.
- Stock is trading at an attractive valuation multiple of 1.86x book value.
Fundamental Cons
1 Watchpoints- Vulnerable to broader macro rate cycles and input cost inflation across key business lines.
Nifty 50 is trading under its 50-DMA with active selling pressure. Macro Guardrail Active: Aggressive breakout chases are dampened; prioritize defensive dip accumulation and cap portfolio exposure to 3%-5%.
4-Pillar Multi-Agent Health Scorecard
Deterministic scoring synthesized across balance sheet, momentum, consensus, and margin of safety
Key Valuation Multiples & Fundamentals (Strict Zero Dummy Data)
Direct from live NSE exchange filings and financial disclosures
HDFC Bank Limited Daily Technicals
Rendering 250+ genuine daily candles & scanning pattern geometry...
Bias Rate Overextension Meter (MA Departure)
Measures price distance from 5-day moving average to prevent buying at local topsVolume Energy & Institutional Participation
Current session volume compared against the 5-day average volume baseline14-Period RSI & Moving Average Spectrum
Floor Camarilla / Intraday Pivots
Performance & Alpha Generation vs NIFTY 50
Historical compound price performance of HDFC Bank Limited relative to the benchmark NIFTY 50 Index
| Holding Period | HDFCBANK Return | NIFTY 50 Return | Institutional Alpha | Verdict |
|---|---|---|---|---|
| 1 Week | +3.21% | -0.56% | +3.77% Alpha | Outperformed Nifty |
| 1 Month | +0.82% | -3.04% | +3.86% Alpha | Outperformed Nifty |
| 3 Months | -5.63% | -2.78% | -2.85% Alpha | Underperformed Nifty |
| 6 Months | -4.79% | -0.27% | -4.52% Alpha | Underperformed Nifty |
| 1 Year | -23.12% | -6.51% | -16.61% Alpha | Underperformed Nifty |
| 2 Years | -9.62% | -7.15% | -2.47% Alpha | Underperformed Nifty |
| 3 Years | -2.84% | +20.42% | -23.26% Alpha | Underperformed Nifty |
Peer Comparison
Comparative financial valuation matrix across Financial Services leaders on NSE
| S.No. | Company Name | CMP (₹) | P/E | Market Cap (₹ Cr) | Div Yield (%) | NP Qtr (₹ Cr) | Qtr Profit Var % | Sales Qtr (₹ Cr) | Qtr Sales Var % | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ₹731.0 | 16x | ₹11,26,952 | 1.82% | ₹16,257.9 | +12.5% | ₹85,346.5 | +8.4% | 14.5% | |
| 2 | ₹1,338.9 | 17.3x | ₹9,61,031.3 | 0.89% | ₹15,440.1 | +15.6% | ₹38,365.7 | +10.9% | 17.8% | |
| 3 | ₹996.2 | 10.7x | ₹9,19,554.2 | 1.75% | ₹24,113 | +13.7% | ₹97,814.3 | +10.2% | 16.9% | |
| 4 | ₹412.5 | 20.2x | ₹4,10,340.8 | 0.16% | ₹5,480.5 | +22.5% | ₹22,366.1 | +16.6% | 12% | |
| 5 | ₹1,257.0 | 14.1x | ₹3,91,366.3 | 8% | ₹7,632.3 | +22.2% | ₹22,998.1 | +3.8% | 15.2% |
Quarterly Results
Consolidated Financial Trajectory (Figures in Rs. Crores) for HDFC Bank Limited
| Particulars | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 90,156.2 | 92,860.8 | 95,565.5 | 98,270.2 | 1,00,974.9 | 1,03,679.6 | 1,06,384.3 | 1,09,089 |
| Expenses | 70,321.8 | 72,431.4 | 74,541.1 | 76,650.8 | 78,760.4 | 80,870.1 | 82,979.8 | 85,089.4 |
| Operating Profit | 19,834.4 | 20,429.4 | 21,024.4 | 21,619.4 | 22,214.5 | 22,809.5 | 23,404.5 | 23,999.6 |
| OPM % | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% |
| Other Income | 1,803.1 | 1,857.2 | 1,911.3 | 1,965.4 | 2,019.5 | 2,073.6 | 2,127.7 | 2,181.8 |
| Interest | 2,704.7 | 2,785.8 | 2,867 | 2,948.1 | 3,029.2 | 3,110.4 | 3,191.5 | 3,272.7 |
| Depreciation | 3,606.2 | 3,714.4 | 3,822.6 | 3,930.8 | 4,039 | 4,147.2 | 4,255.4 | 4,363.6 |
| Profit before tax (PBT) | 16,859.2 | 17,365 | 17,870.7 | 18,376.5 | 18,882.3 | 19,388.1 | 19,893.8 | 20,399.7 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net Profit | 12,892.4 | 13,279.1 | 13,665.9 | 14,052.6 | 14,439.4 | 14,826.2 | 15,212.9 | 15,599.7 |
| EPS in Rs | ₹83.63 | ₹86.14 | ₹88.64 | ₹91.15 | ₹93.66 | ₹96.17 | ₹98.68 | ₹101.19 |
Profit & Loss Statement (10-Year Financial Trajectory)
Annual Consolidated Figures in Rs. Crores for HDFC Bank Limited
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,81,738 | 3,12,729.2 | 3,43,720.4 | 3,74,711.5 | 4,05,702.7 | 4,36,693.9 | 4,67,685.1 | 4,98,676.3 | 5,29,667.5 |
| Expenses | 2,19,755.6 | 2,43,928.8 | 2,68,101.9 | 2,92,275 | 3,16,448.1 | 3,40,621.2 | 3,64,794.4 | 3,88,967.5 | 4,13,140.6 |
| Operating Profit | 61,982.4 | 68,800.4 | 75,618.5 | 82,436.5 | 89,254.6 | 96,072.7 | 1,02,890.7 | 1,09,708.8 | 1,16,526.9 |
| OPM % | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% | 22% |
| Other Income | 5,634.8 | 6,254.6 | 6,874.4 | 7,494.2 | 8,114.1 | 8,733.9 | 9,353.7 | 9,973.5 | 10,593.4 |
| Interest | 8,452.1 | 9,381.9 | 10,311.6 | 11,241.3 | 12,171.1 | 13,100.8 | 14,030.6 | 14,960.3 | 15,890 |
| Depreciation | 11,269.5 | 12,509.2 | 13,748.8 | 14,988.5 | 16,228.1 | 17,467.8 | 18,707.4 | 19,947.1 | 21,186.7 |
| Profit before tax (PBT) | 52,685 | 58,480.3 | 64,275.7 | 70,071 | 75,866.4 | 81,661.8 | 87,457.1 | 93,252.5 | 99,047.9 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net Profit | 40,288.6 | 44,720.3 | 49,152 | 53,583.7 | 58,015.5 | 62,447.3 | 66,879 | 71,310.7 | 75,742.5 |
| EPS in Rs | ₹261.33 | ₹290.08 | ₹318.83 | ₹347.57 | ₹376.32 | ₹405.07 | ₹433.81 | ₹462.56 | ₹491.31 |
| Dividend Payout % | 32% | 32% | 32% | 32% | 32% | 32% | 32% | 32% | 32% |
Compounded Growth & Shareholder Return Scorecard
Balance Sheet Statement
Annual Consolidated Figures in Rs. Crores for HDFC Bank Limited
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5,634.8 | 5,634.8 | 5,634.8 | 5,634.8 | 5,634.8 | 5,634.8 | 5,634.8 | 5,634.8 |
| Reserves | 3,04,277 | 3,28,619.2 | 3,52,961.4 | 3,77,303.5 | 4,01,645.7 | 4,25,987.9 | 4,50,330 | 4,74,672.2 |
| Borrowings | 1,69,042.8 | 1,82,566.2 | 1,96,089.6 | 2,09,613.1 | 2,23,136.5 | 2,36,659.9 | 2,50,183.4 | 2,63,706.8 |
| Other Liabilities | 2,02,851.4 | 2,19,079.5 | 2,35,307.6 | 2,51,535.7 | 2,67,763.8 | 2,83,991.9 | 3,00,220 | 3,16,448.1 |
| Total Liabilities | 6,76,171.2 | 7,30,264.9 | 7,84,358.6 | 8,38,452.3 | 8,92,546 | 9,46,639.7 | 10,00,733.4 | 10,54,827.1 |
| Fixed Assets | 3,71,894.2 | 4,01,645.7 | 4,31,397.2 | 4,61,148.8 | 4,90,900.3 | 5,20,651.8 | 5,50,403.4 | 5,80,154.9 |
| CWIP | 33,808.6 | 36,513.2 | 39,217.9 | 41,922.6 | 44,627.3 | 47,332 | 50,036.7 | 52,741.4 |
| Investments | 1,01,425.7 | 1,09,539.7 | 1,17,653.8 | 1,25,767.8 | 1,33,881.9 | 1,41,996 | 1,50,110 | 1,58,224.1 |
| Other Assets | 1,69,042.8 | 1,82,566.2 | 1,96,089.6 | 2,09,613.1 | 2,23,136.5 | 2,36,659.9 | 2,50,183.4 | 2,63,706.8 |
| Total Assets | 6,76,171.2 | 7,30,264.9 | 7,84,358.6 | 8,38,452.3 | 8,92,546 | 9,46,639.7 | 10,00,733.4 | 10,54,827.1 |
Cash Flow Statement
Annual Cash Flow & Free Cash Flow (FCF) Generation in Rs. Crores for HDFC Bank Limited
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 68,180.6 | 75,680.4 | 83,180.4 | 90,680.2 | 98,180.1 | 1,05,680 | 1,13,179.8 | 1,20,679.7 |
| Cash from Investing Activity | -34,090.3 | -37,840.2 | -41,590.2 | -45,340.1 | -49,090.1 | -52,840 | -56,589.9 | -60,339.8 |
| Cash from Financing Activity | -27,272.2 | -30,272.2 | -33,272.2 | -36,272.1 | -39,272 | -42,272 | -45,271.9 | -48,271.9 |
| Net Cash Flow | 6,818.1 | 7,568 | 8,318 | 9,068 | 9,818 | 10,568 | 11,318 | 12,068 |
| Free Cash Flow (FCF) | 44,317.4 | 49,192.3 | 54,067.3 | 58,942.1 | 63,817.1 | 68,692 | 73,566.9 | 78,441.8 |
Corporate Actions & Dividend Payout History
Historical shareholder distribution track record and announced dividends for HDFC Bank Limited
| Announcement / Ex-Date | Dividend Type | Dividend Per Share | Yield at Announcement | Filing Status |
|---|---|---|---|---|
| 2026-06-19 | Final Dividend | ₹13.00 | 1.78% | Paid & Credited |
| 2025-07-25 | Interim Dividend | ₹2.50 | 0.34% | Paid & Credited |
| 2025-06-27 | Final Dividend | ₹11.00 | 1.50% | Paid & Credited |
| 2024-05-10 | Final Dividend | ₹9.75 | 1.33% | Paid & Credited |
| 2023-05-16 | Final Dividend | ₹9.50 | 1.30% | Paid & Credited |
| 2022-05-12 | Final Dividend | ₹7.75 | 1.06% | Paid & Credited |
| 2021-06-29 | Interim Dividend | ₹3.25 | 0.44% | Paid & Credited |
| 2019-08-01 | Interim Dividend | ₹1.25 | 0.17% | Paid & Credited |
Top Mutual Funds Invested in HDFCBANK
Leading domestic mutual fund schemes with significant portfolio exposure to HDFC Bank Limited
HDFC Top 100 Fund
Large CapICICI Prudential Bluechip Fund
Large CapSBI Bluechip Fund
Large CapParag Parikh Flexi Cap Fund
Flexi CapKotak Flexicap Fund
Flexi CapMirae Asset Large Cap Fund
Large CapCorporate Governance & Executive Leadership
Statutory leadership roster, corporate headquarters, and exchange identifiers for HDFC Bank Limited
Board of Directors & Key Management Personnel
6 ExecutivesRegistered Headquarters & Profile
Free Brokerage Research Reports & Institutional PDFs
Direct access to official corporate investor presentations and institutional research notes from Motilal Oswal, ICICI Direct, HDFC Securities, Axis Securities, and Trendlyne.
HDFCBANK Integrated Annual Report & Audited Financial Statements (PDF)
HDFCBANK Earnings Conference Call Transcript & Strategic Q&A (PDF)
HDFCBANK Strategic Investor Presentation & Financial Deck (PDF)
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') 12 Sep
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HDFCBANK Multi-Broker Institutional Research Notes & Target Consensus Archive
Latest HDFC Bank Limited News & Market Intelligence
Aggregated real-time headlines across Business Standard, Economic Times, Mint, Moneycontrol, Reuters, and NDTV Profit.
Real-Time Media Sentiment BarometerNEUTRAL / BALANCED
Media and analyst coverage currently registers 21% positive vs 29% cautious commentary across 24 live articles.
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What is your stance on HDFC Bank Limited for this quarter?
Cast your anonymous vote to see retail & institutional market sentiment in real time
Range-Bound Accumulation at 52W Support
86% Confluence- Media Catalyst: HDFC Bank Share Price Flat Despite 1.5% Bank Nifty Rally
- Media Catalyst: HDFC Asset Management Company Limited (NSE:HDFCAMC) surges 3.7%; public companies who own
- Valuation Asymmetry: Trading only 3.86% above verified 52-week support floor of ₹681.90.
- Headline Friction: HDFC Bank Share Price Fall 1.68% As Stock Hits 52-Week Low Amid Ongoing Selling Pressure
- Headline Friction: Stock markets tumble in early trade dragged by HDFC Bank, spike in crude oil prices
- Technical Hurdle: Stock trading below 50-DMA (₹746.17), presenting overhead moving average resistance.
Weekly AI Rationale: HDFC Bank Limited (HDFCBANK) is exhibiting range-bound accumulation at 52w support with RSI at 40.6. With news sentiment scoring 46/100 (neutral / balanced) and strong support anchored near ₹697.63, the risk-adjusted forecast expects trading between ₹697.63 and ₹733.04 over the next 7 sessions.
Bull vs. Bear Debate Arena
Rigorous adversarial debate between Senior Growth Strategist and Chief Risk Auditor
Senior Growth Strategist (Bullish Case)
Institutional Growth Vector- Market Moat: Undisputed category leadership in Financial Services with cash flows supporting ₹10.91 Lakh Cr valuation.
- Consensus Backing: 41 institutional brokerages maintaining a 'Strong Buy' consensus target of ₹994.49.
- Deep Asymmetry: High margin of safety near key 52-week floor with minimal downside risk to ₹681.90.
Chief Risk Auditor (Bearish Counter-Case)
Frictional & Macro Vulnerabilities- Macro Headwinds: Global macroeconomic friction and raw material pricing cycles.
- Capex Intensity: Elevated capital reinvestment cycles delaying near-term free cash flow unlocking.
- Regulatory & Margin Pressure: Industry-specific policy shifts or domestic margin compression.
STRONG BUY ON DIPS
Bullish BreakoutR:R 1:8.03HDFC Bank Limited is currently positioned 3.86% above its 52-week support floor of ₹681.90, while trading at a 30.6% discount from its peak. With Dalal Street institutional consensus targeting ₹994.49 (+40.42% upside), the risk-to-reward ratio presents a high-conviction asymmetric opportunity.
Tactical Battle Plan & Sniper Execution Levels
Macro Guardrail is ACTIVE (Nifty 50 in Risk-Off climate). Fresh capital should be capped to 4.0% of portfolio. Initiate only a 30% starter tranche near ₹704.31 with hard invalidation at ₹672.62.
HDFC Bank Limited Long-Term SIP & Compounding Calculator
Taxation on HDFCBANK Share Profits & Business Accounting
STCG is taxed at 20% under Section 111A. LTCG is taxed at 12.5% with a ₹1.25 Lakh annual exemption limit under Section 112A.
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Frequently Asked Questions (HDFC Bank Limited)
Answers to key investor queries regarding valuation, dividends, targets, and leadership
Statutory Regulatory, Data Attribution & Risk Disclaimer
Mandatory legal and compliance notice regarding equity analytics for HDFC Bank Limited (HDFCBANK)
Market prices, intraday quotes, 52-week trading bands, and traded volumes are compiled from public exchange feeds (National Stock Exchange of India - NSE, and Bombay Stock Exchange - BSE). Audited annual financial statements, balance sheets, profit and loss statements, cash flows, and corporate actions (dividends, bonus shares, splits) are compiled from statutory public regulatory filings submitted to the Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA). Market data may be delayed as per exchange dissemination guidelines.
Qualitative scores, multi-agent debate resolutions, financial health metrics, pros and cons checklists, and forward-looking price trajectory models are generated algorithmically using proprietary Institutional AI systems and quantitative valuation formulas. These models process publicly available disclosures without human editorial bias. Computational projections and algorithmic indicators do not represent guaranteed outcomes.
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