HDFC Bank Limited
HDB · Price history
Price at last available close
$21.55
−$1.09 (-4.81%) 1M
2026-10-28
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Company & revenue
About HDFC Bank Limited
Primary reporting period: 2026-03-31 · Research updated Oct 7, 2026. A research update is not a new financial filing.
Who they are
HDFC Bank Limited is a prominent financial institution providing a comprehensive suite of banking and financial services, catering to both individual and corporate clients across India, Bahrain, Hong Kong, and Dubai. The bank organizes its operations into several key segments: Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated. Its offerings include a wide array of deposit products such as savings, salary, current, rural, public provident fund, and pension accounts, alongside Demat accounts for investments.
How they make money
HDFC Bank operates as a diversified financial services institution that generates revenue primarily through net interest income earned on loans and advances, as well as non-interest income from fees, commissions, and brokerage services. The bank provides a comprehensive suite of banking products to retail and wholesale customers, while also integrating insurance and asset management services through its subsidiaries.
Products & services
Retail and wholesale banking, credit/debit/prepaid cards, digital payment solutions, insurance products, treasury operations, and investment banking services.
Brands & revenue mix
General insurance subsidiary.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
The bank does not disclose specific customer concentration figures in its annual report, as its retail and wholesale loan portfolios are highly diversified across millions of individual and corporate clients.
Suppliers, materials & equipment
- Information Technology Service Providers — Various third-party vendors providing core banking software, digital infrastructure, and cloud services.Source
Competitors
- ICICI Bank — A major private sector bank in India offering similar retail and corporate banking services.Source
- Axis Bank — A leading Indian private sector bank competing in retail, corporate, and digital banking segments.Source
- State Bank of India — The largest public sector bank in India, competing across all banking segments.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
56
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
59
Fair
Financial Strength
36
Business Quality / Moat
91
Management
79
Growth Quality
22
Risk / Durability
65
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
73
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
68/100
Building Historical Record
Model Score 68/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Debt service risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for HDB
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving HDB's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is HDB's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is HDB's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is HDB's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
56
Opportunity Score
73
Market Cap
$110.54B
P/E Ratio
14.2
EPS
$1.64
52-Week High
$37.45
52-Week Low
$21.71
Beta
0.42
Intrinsic Value
$63.16
Shares Outstanding
5.14B
Total Revenue
$53.64B
Total Debt
$62.78B
Dividend Yield (TTM)
3.84%
Liquidation Value / Share
$12.99
Dividend / Share (TTM)
$0.83
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HDB
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Debt service risk
Interest coverage is low (~0.6x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on HDB.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive digital banking infrastructure and high transaction adoption.
- +Strong market position in private sector banking advances.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Banks - Regional industry.
- −Credit risk associated with loan portfolio quality.
- −Regulatory and compliance risks in the financial sector.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
7 historical score records availablePrevious Score
56
Oct 16, 2026
Change
+0.3
points
Current Score
56
Oct 20, 2026
Category Changes
HDB increased 0.3 points because overall fundamentals improved.
Projected Score
Projected Score
58
Projected Change
+2.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$21.55
Model Intrinsic Value
$63.16
Difference
−$41.61
-65.9% vs IV
Margin of Safety
65.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.64B | $54.85B | $44.14B | $37.04B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $21.65B | $23.49B | $21.09B | $17.54B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $31.98B | $31.36B | $23.04B | $19.50B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $4.08B | $4.16B | $11.83B | $10.01B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $20.28B | $20.06B | $13.98B | $12.08B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $11.71B | $11.74B | $9.73B | $7.97B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $11.71B | $11.31B | $9.06B | $7.42B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $20.06B | $20.53B | $19.18B | $16.14B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $11.71B | $11.31B | $9.06B | $7.42B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $2.84B | $2.54B | $1.84B | $818.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $8.49B | $8.42B | $7.09B | $6.55B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.64 | $1.56 | $1.46 | $1.43 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 5.14B | 5.14B | 5.11B | 4.74B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 5.14B | 5.14B | 5.11B | 4.74B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$13.59B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.42
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-0.5%
Cash Change
+49.6%
Margin Change
-0.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 7.2%. EPS increased 3.1%. Cash increased 49.6%. Total debt declined 0.5%. Net income margin declined by 0.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
37
Smart Money
37
Number of Gurus
3
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
7 historical recordsHistorical Score Chart
3 of 7 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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HDFC Bank Limited (HDB) Q2 2027 Earnings Call Transcript
What HDFC Bank (HDB) Said on Its Q2 Earnings Call
Rumor Mill · HDB
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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