HDFC Bank Ltd

HDFC Bank Limited (HDFC Bank or the Bank), incorporated in Mumbai, India is a publicly held banking company engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations.(Source : 201903 Annual Report Page No: 109)

Pros:
Company has good consistent profit growth of 20.63% over 5 years
Company has been maintaining a healthy dividend payout of 18.32%
Cons:
Stock is trading at 4.02 times its book value
Company has low interest coverage ratio.
Promoter holding is low: 21.31%
Contingent liabilities of Rs.1075078.11 Cr.
Company might be capitalizing the interest cost

Peer Comparison Sector: Banks // Industry: Banks - Private Sector

Loading peers table ...

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Mar 2019 Jun 2019
Revenue 23,979 28,045 29,176
Interest 12,413 14,062 14,977
8,167 9,616 10,512
Financing Profit 3,399 4,368 3,687
Financing Margin % 14% 16% 13%
Other Income 4,021 5,215 5,148
Depreciation 0 0 0
Profit before tax 7,420 9,583 8,835
Tax % 35% 34% 36%
Net Profit 4,808 6,301 5,676
EPS in Rs 18.50 23.20 20.80
Gross NPA % 0.00% 0.00% 0.00%
Net NPA % 0.00% 0.00% 0.00%
Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Revenue 10,117 16,314 16,233 20,043 28,193 35,861 42,555 50,666 63,162 73,271 85,288 105,161
Interest 4,887 8,903 7,798 9,425 15,106 19,695 23,445 27,288 34,070 38,042 42,381 53,713
5,031 7,340 7,822 8,736 10,858 12,630 13,508 16,164 20,054 23,856 29,531 34,856
Financing Profit 199 71 613 1,882 2,229 3,535 5,602 7,214 9,037 11,374 13,375 16,592
Financing Margin % 2% 0% 4% 9% 8% 10% 13% 14% 14% 16% 16% 16%
Other Income 2,376 3,617 4,210 4,584 5,992 7,132 8,298 9,546 11,212 12,905 16,055 18,947
Depreciation 280 370 404 509 554 663 689 680 738 886 967 1,221
Profit before tax 2,294 3,318 4,419 5,957 7,667 10,004 13,211 16,079 19,511 23,393 28,464 34,318
Tax % 31% 32% 31% 33% 31% 31% 34% 33% 34% 35% 35% 35%
Net Profit 1,595 2,249 3,004 3,992 5,247 6,870 8,743 10,689 12,801 15,280 18,510 22,332
EPS in Rs 8.71 10.23 12.72 16.63 21.66 27.93 35.26 40.95 48.61 59.53 71.33 82.00
Dividend Payout % 19% 19% 18% 19% 19% 19% 19% 19% 19% 18% 18% 18%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:20.48%
5 Years:19.83%
3 Years:18.52%
TTM:23.30%
Compounded Profit Growth
10 Years:25.82%
5 Years:20.63%
3 Years:20.37%
TTM:20.62%
Return on Equity
10 Years:18.48%
5 Years:18.18%
3 Years:17.79%
Last Year:16.96%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
354 425 458 465 469 476 480 501 506 513 519 545
Reserves 11,181 14,263 21,158 25,118 29,741 36,167 43,687 62,653 73,798 91,281 109,080 153,128
Borrowings 105,226 151,898 180,470 222,938 272,874 335,588 416,677 509,762 649,587 741,550 944,817 1,080,235
16,508 16,905 20,960 29,518 38,032 35,549 42,835 34,253 38,415 59,119 48,816 58,898
Total Liabilities 133,269 183,492 223,046 278,039 341,116 407,781 503,679 607,169 762,307 892,463 1,103,233 1,292,806
1,196 1,732 2,149 2,201 2,378 2,773 3,026 3,225 3,667 4,000 4,008 4,369
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 49,288 58,715 58,508 70,277 96,795 110,960 119,571 149,454 193,634 210,777 238,461 286,918
82,785 123,044 162,388 205,561 241,943 294,047 381,082 454,490 565,006 677,686 860,764 1,001,519
Total Assets 133,269 183,492 223,046 278,039 341,116 407,781 503,679 607,169 762,307 892,463 1,103,233 1,292,806

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2,750 -1,748 9,471 -960 -19,381 -5,847 4,211 -21,281 -34,435 17,282 17,214 -62,872
-629 1,486 -562 -553 -662 -902 -1,099 -800 -837 -1,146 -842 -1,503
3,633 2,971 3,631 1,274 11,380 13,105 9,270 18,694 37,815 -5,893 57,378 23,131
Net Cash Flow 5,755 2,709 12,541 -240 -8,663 6,356 12,382 -3,387 2,542 10,242 73,750 -41,244

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 18% 17% 17% 17% 19% 21% 22% 20% 19% 18% 18% 17%