Large Indian private sector bank providing banking and financial services including retail, wholesale, and treasury operations.
Profile & Fundamentals
HDFC Bank: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
HDFC Bank Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance Business, and Other segments. It offers savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits. The company also provides personal, home, car and pre owned car, marriage, two-wheeler, business, doctor, educational, gold, consumer, and rural loans; loans against properties, securities, mutual funds, and car; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital, term loans, supply chain management, project finance, export finance, commercial vehicle / equipment finance, tractor finance, infrastructure, and agriculture finance. In addition, it offers credit, debit, prepaid, forex, and kisan gold cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; and insurance and investment products. Further, the company provides short term finance, bill discounting, structured finance, export credit, loan repayment, custodial, and documents collection services; online, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; channel financing, vendor financing, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services; and financial solutions for supply chain partners and agricultural customers. It operates branches and automated teller machines in various cities/towns. The company was incorporated in 1994 and is headquartered in Mumbai, India.
Company profile record
HDFC Bank Limited
Common Stock · Financials · Regional Banks
Company
- Company / asset
- HDFC Bank Limited
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Regional Banks
- HQ
- 🇮🇳 India
- Head office
- HDFC Bank House, Mumbai, India, 400018
Leadership & scale
- Chief executive
- Mr. Sashidhar Jagdishan
- CEO year born
- 1965
- Full-time employees
- 213K
- Fiscal year end
- March
Fundamentals snapshot
- Market Cap
- INR 10.98T
- P/E
- 13.9x
- Revenue (Q2 26)
- INR 1.33T
- Profit (Q2 26)
- INR 192.4B
- Dividend Yield
- 1.5%
- Revenue (FY 26)
- INR 4.95T
- Shares in public float
- 15.3B
- Insider ownership
- 0.17%
Reporting & identifiers
- Symbol
- HDFCBANK.NSE
- Listing
- 🇮🇳 India | Dividend Tax: 20%
- Ticker Currency
- INR
- Income Statement Currency
- INR
- Balance Sheet Currency
- INR
- Cash Flow Currency
- INR
- EPS Currency
- INR
- Contract Type
- SPOT
- ISIN
- INE040A01034
- Asset ID
- equity_73c23c4e-25e5-561a-9886-64d92976357e
Ownership
Shares Outstanding
Latest: 15.4B | Max: 15.4B | Min: 10.5B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.38%
15.3B latest reported shares
Insider Ownership
0.17%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 10,491,752,000 |
| 2018-01-01 | 10,952,648,000 |
| 2019-01-01 | 10,954,054,000 |
| 2020-01-01 | 11,015,314,000 |
| 2021-01-01 | 11,148,906,000 |
| 2022-01-01 | 11,197,814,000 |
| 2023-01-01 | 15,238,738,000 |
| 2024-01-01 | 15,353,574,000 |
| 2025-01-01 | 15,449,789,000 |
| 2026-01-01 | 15,432,807,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
HDFC Bank's headline financial results show steady post-merger stabilization despite temporary integration friction. For fiscal 2026, revenue grew 18.1% to INR 4.95 trillion while net profit expanded 12.9% to INR 760 billion. Operating cash generation was exceptionally robust, with free cash flow reaching INR 1.64 trillion, proving that the underlying commercial banking engine remains fundamentally healthy. The apparent slowdown compared to historical growth rates reflects deliberate strategy rather than franchise decay. Management intentionally restrained credit growth to allow retail deposit gathering to catch up with inherited liabilities. With gross non-performing assets strictly contained near 1.17%, core operational performance is poised to re-accelerate as high-cost legacy borrowings are retired.
HDFC Bank's headline financial results show steady post-merger stabilization despite temporary integration friction. For fiscal 2026, revenue grew 18.1% to INR 4.95 trillion while net profit expanded 12.9% to INR 760 billion. Operating cash generation was exceptionally robust, with free cash flow reaching INR 1.64 trillion, proving that the underlying commercial banking engine remains fundamentally healthy. The apparent slowdown compared to historical growth rates reflects deliberate strategy rather than franchise decay. Management intentionally restrained credit growth to allow retail deposit gathering to catch up with inherited liabilities. With gross non-performing assets strictly contained near 1.17%, core operational performance is poised to re-accelerate as high-cost legacy borrowings are retired.
Revenue, Net Income, and Free Cash Flow
Latest: INR 4.95T | Max: INR 4.95T | Min: INR -185.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 15x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have weathered a cyclical compression resulting from the parent amalgamation. Net interest margins hovered near 3.26% as the bank absorbed lower-yielding mortgages and expensive inherited borrowings, while intense industry-wide deposit competition compressed the low-cost CASA ratio to 32%. Operating margins settled at a resilient 20.6%, demonstrating strong cost discipline. This margin compression represents a temporary valley rather than permanent impairment. Lending spreads contracted because loans tied to external benchmarks repriced downward ahead of deposit costs during monetary easing. As high-cost wholesale bonds mature and branch deposit density compounds, net interest spreads will widen, systematically restoring return on equity toward sixteen percent.
Profitability margins have weathered a cyclical compression resulting from the parent amalgamation. Net interest margins hovered near 3.26% as the bank absorbed lower-yielding mortgages and expensive inherited borrowings, while intense industry-wide deposit competition compressed the low-cost CASA ratio to 32%. Operating margins settled at a resilient 20.6%, demonstrating strong cost discipline. This margin compression represents a temporary valley rather than permanent impairment. Lending spreads contracted because loans tied to external benchmarks repriced downward ahead of deposit costs during monetary easing. As high-cost wholesale bonds mature and branch deposit density compounds, net interest spreads will widen, systematically restoring return on equity toward sixteen percent.
Profitability Margins
Latest: 57.2% | Max: >100.0% | Min: 15.3%
Latest Profitability Ratios as of 2026-03-31
Gross Margin
57.2%
Gross profit / revenue
Operating Margin
20.6%
Operating income / revenue
Net Margin
15.3%
Net income / revenue
FCF Margin
33.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-03-31 | 6,801,818,208.45 | 2,347,452,096.82 | 5,652,847,671.91 |
| 2018-03-31 | 8,046,558,593.15 | 2,842,884,994.62 | 1,306,906,773.15 |
| 2019-03-31 | 8,962,700,289.06 | 3,227,696,328.95 | 2,412,446,885.39 |
| 2020-03-31 | 10,545,138,040.88 | 3,485,176,533.05 | -2,456,193,257.23 |
| 2021-03-31 | 8,425,727,956.25 | 4,351,771,701.98 | 5,574,888,585.1 |
| 2022-03-31 | 22,085,526,142.5 | 5,024,483,076.52 | 7,305,331,226.13 |
| 2023-03-31 | 24,901,581,700.94 | 5,614,880,155.74 | 5,275,341,282.39 |
| 2024-03-31 | 42,236,769,433.78 | 7,469,488,963.53 | 11,618,095,009.6 |
| 2025-03-31 | 49,087,119,120.06 | 7,880,977,065.29 | 13,213,434,355.25 |
| 2026-03-31 | 53,002,012,195.12 | 8,132,859,435.17 | 17,513,887,462.56 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2026-03-31 | 14.85 | Trailing four quarters |
| 2025-03-31 | 42.15 | Trailing four quarters |
| 2024-03-31 | 35.63 | Trailing four quarters |
| 2023-03-31 | 53.13 | Annual net income |
| 2022-03-31 | 43.15 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-03-31 | 100 | 52.96 | 34.51 | 83.11 |
| 2018-03-31 | 100 | 54.33 | 35.33 | 16.24 |
| 2019-03-31 | 100 | 55.34 | 36.01 | 26.92 |
| 2020-03-31 | 100 | 119.87 | 33.05 | -23.29 |
| 2021-03-31 | 156.79 | 165.53 | 51.65 | 66.17 |
| 2022-03-31 | 60.79 | 41.03 | 22.75 | 33.08 |
| 2023-03-31 | 55.23 | 36.82 | 22.55 | 21.18 |
| 2024-03-31 | 52.65 | 20.04 | 17.68 | 27.51 |
| 2025-03-31 | 52.21 | 20.54 | 16.06 | 26.92 |
| 2026-03-31 | 57.18 | 20.62 | 15.34 | 33.04 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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