HDFC Bank Ltd
HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
As of April 2024, HDFC Bank has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges. [1]
- Market Cap ₹ 12,31,108 Cr.
- Current Price ₹ 1,618
- High / Low ₹ 1,794 / 1,363
- Stock P/E 18.9
- Book Value ₹ 580
- Dividend Yield 1.21 %
- ROCE 7.54 %
- ROE 16.9 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 23.9%
- Company's median sales growth is 16.0% of last 10 years
Cons
- Stock is trading at 2.79 times its book value
- Company has low interest coverage ratio.
- Tax rate seems low
- Contingent liabilities of Rs.23,62,091 Cr.
- Working capital days have increased from 55.2 days to 79.0 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 35,065 | 41,136 | 48,470 | 60,221 | 69,306 | 80,241 | 98,972 | 114,813 | 120,858 | 127,753 | 161,586 | 258,341 | 282,787 |
Interest | 19,254 | 22,653 | 26,074 | 32,630 | 36,167 | 40,146 | 50,729 | 58,626 | 55,979 | 55,744 | 74,743 | 149,808 | 168,016 |
12,261 | 12,959 | 15,407 | 18,999 | 22,464 | 27,712 | 32,529 | 41,644 | 47,123 | 50,904 | 57,329 | 84,068 | 89,184 | |
Financing Profit | 3,550 | 5,524 | 6,989 | 8,592 | 10,676 | 12,383 | 15,714 | 14,542 | 17,757 | 21,105 | 29,513 | 24,464 | 25,587 |
Financing Margin % | 10% | 13% | 14% | 14% | 15% | 15% | 16% | 13% | 15% | 17% | 18% | 9% | 9% |
6,853 | 7,920 | 8,996 | 10,752 | 12,296 | 15,220 | 17,626 | 23,261 | 25,205 | 29,510 | 31,215 | 49,241 | 50,679 | |
Depreciation | 652 | 672 | 656 | 706 | 833 | 906 | 1,140 | 1,196 | 1,302 | 1,600 | 2,242 | 2,810 | 0 |
Profit before tax | 9,751 | 12,772 | 15,329 | 18,638 | 22,139 | 26,697 | 32,200 | 36,607 | 41,659 | 49,015 | 58,485 | 70,895 | 76,266 |
Tax % | 31% | 34% | 33% | 34% | 34% | 34% | 35% | 28% | 25% | 25% | 25% | 14% | |
6,726 | 8,478 | 10,216 | 12,296 | 14,550 | 17,487 | 21,078 | 26,257 | 31,117 | 36,961 | 44,109 | 60,812 | 65,035 | |
EPS in Rs | 14.13 | 17.67 | 20.38 | 24.32 | 28.39 | 33.69 | 38.70 | 47.89 | 56.44 | 66.65 | 79.05 | 80.05 | 85.62 |
Dividend Payout % | 19% | 19% | 20% | 20% | 19% | 19% | 19% | 5% | 12% | 23% | 24% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 21% |
3 Years: | 29% |
TTM: | 62% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 24% |
3 Years: | 25% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 8% |
3 Years: | 5% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 476 | 480 | 501 | 506 | 513 | 519 | 545 | 548 | 551 | 555 | 558 | 760 |
Reserves | 35,738 | 42,999 | 61,508 | 72,172 | 88,950 | 105,776 | 148,662 | 170,438 | 203,170 | 239,538 | 279,641 | 439,486 |
329,254 | 406,776 | 496,009 | 631,393 | 717,669 | 911,876 | 1,040,226 | 1,292,131 | 1,470,548 | 1,744,035 | 2,090,160 | 3,041,939 | |
34,864 | 41,344 | 32,484 | 36,725 | 56,709 | 45,764 | 55,108 | 67,394 | 72,602 | 84,407 | 95,722 | 135,438 | |
Total Liabilities | 400,332 | 491,600 | 590,503 | 740,796 | 863,840 | 1,063,934 | 1,244,541 | 1,530,511 | 1,746,871 | 2,068,535 | 2,466,081 | 3,617,623 |
2,703 | 2,940 | 3,122 | 3,343 | 3,627 | 3,607 | 4,030 | 4,432 | 4,909 | 6,084 | 8,017 | 11,399 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 111,614 | 120,951 | 151,642 | 195,836 | 214,463 | 242,200 | 293,116 | 391,827 | 443,728 | 455,536 | 517,001 | 702,415 |
286,015 | 367,709 | 435,740 | 541,617 | 645,750 | 818,127 | 947,395 | 1,134,253 | 1,298,233 | 1,606,916 | 1,941,064 | 2,903,809 | |
Total Assets | 400,332 | 491,600 | 590,503 | 740,796 | 863,840 | 1,063,934 | 1,244,541 | 1,530,511 | 1,746,871 | 2,068,535 | 2,466,081 | 3,617,623 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,869 | 8,364 | -15,862 | -30,132 | 23,585 | 26,074 | -56,055 | -16,690 | 41,495 | -14,209 | 27,313 | 35,015 | |
-855 | -1,623 | -1,933 | -627 | -1,985 | -523 | -1,231 | -891 | -1,262 | -1,126 | -1,997 | 12,604 | |
9,066 | 5,563 | 14,543 | 33,347 | -11,568 | 48,411 | 15,718 | 22,852 | -7,381 | 48,192 | 16,122 | -22,237 | |
Net Cash Flow | 6,342 | 12,303 | -3,252 | 2,587 | 10,033 | 73,963 | -41,567 | 5,271 | 32,852 | 32,857 | 41,438 | 25,382 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 20% | 21% | 19% | 18% | 18% | 18% | 16% | 16% | 17% | 17% | 17% | 17% |
Documents
Announcements
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 14h
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of Earnings call for the quarter ended June 30, 2024
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 23 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Jul
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
Jul 2024Transcript PPT REC
-
Jul 2024TranscriptNotesPPT
-
Apr 2024Transcript PPT REC
-
Mar 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Jan 2024Transcript PPT REC
-
Oct 2023TranscriptNotesPPT REC
-
Oct 2023Transcript PPT REC
-
Oct 2023Transcript PPT REC
-
Sep 2023TranscriptNotesPPT
-
Jul 2023Transcript PPT REC
-
Apr 2023Transcript PPT
-
Jan 2023TranscriptPPT
-
Jul 2022TranscriptPPT
-
Apr 2022Transcript PPT
-
Apr 2022TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
Key Ratios - FY22 [1]
Capital Adequacy Ratio - 18.9%
Net Interest Margin - 4.12%
Gross NPA - 1.17%
Net NPA - 0.32%
CASA Ratio - 48%
Cost to Income ratio – 38.3%