HDFC Bank Ltd

Research HDFC Bank Ltd (HDB) on Bullrun: valuation model: 4.8% undervalued, market cap USD 115.92B, P/E 13.3. Explore financials, valuation history, model signals, and stock context.

Key Metrics

Valuation Snapshot

Bullrun's latest valuation model marks HDFC Bank Ltd as 4.8% undervalued; latest market cap is USD 115.92B; P/E is 13.3.

Peer valuation comparison

Latest P/E is 13.32x versus a Financial Services sector median of 13.41x.

Latest P/E is 13.32x versus a India median of 28.81x (53.8% below).

Five-year financial history

YearRevenueNet incomeFree cash flowGross marginDiluted EPSCashTotal debtEquity
FY2026INR 1.93TINR 704.79BINR 1.07Tn/a49.28INR 3.65TINR 6.64TINR 8.17T
FY2025INR 25.64BINR 7.88BINR 13.22Bn/a1.04INR 23.21BINR 83.95BINR 89.86B
FY2024INR 1.60TINR 622.66BINR 968.48Bn/a132.48INR 3.43TINR 8.09TINR 6.95T
FY2023INR 1.21TINR 495.45BINR 433.58Bn/a133.02INR 2.36TINR 3.15TINR 2.91T

Valuation history

YearSnapshot dateMarket capP/EDividend yieldAnnual dividend/share
20262026-10-12USD 115.92B13.3n/an/a
20252025-12-31USD 187.38B18.01.3%0.47
20242024-12-31USD 162.81B11.21.1%0.35
20232023-12-29USD 169.87B12.82.1%0.69
20222022-12-30USD 127.19B11.71.7%0.59
20212021-12-31USD 120.20B12.40.8%0.26

Dividend history

YearDividends/share
FY20250.26 INR
FY20240.35 INR
FY20230.69 INR

About HDFC Bank Ltd

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;

ETFs that hold HDFC Bank Ltd

HDFC Bank Ltd is one of the ten largest holdings of 4 ETFs that investors in Europe can buy, most traded first:

ETFWeightTER
Invesco Emerging Markets Enhanced Equity UCITS ETF USD Acc1.14%0.29%
First Trust Indxx Innovative Transaction & Process UCITS ETF1.22%0.65%
Circa5000 Social & Economic Empowerment UCITS ETF Class USD Accumulating Shares8.44%0.49%
Circa5000 Health & Wellbeing UCITS ETF Class USD Accumulating Shares7.10%0.49%

Related stock research

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Other Financial Services stocks

ICICI Bank Ltd (IBN) Ashoka India Equity Investment Trust PLC (AIE) Ameris Bancorp (ABCB) ACNB Corp (ACNB) AGI Inc - Class A (AGBK) Alerus Financial Corp (ALRS) Amalgamated Financial Corp (AMAL) Amerant Bancorp Inc - Class A (AMTB) Arrow Financial Corp (AROW) Associated Banc-Corp (ASB) Ameriserv Financial Inc (ASRV) Ames National Corp (ATLO)

Frequently asked questions

Is HDFC Bank Ltd overvalued or undervalued?

Bullrun's valuation model currently marks HDFC Bank Ltd as 4.8% undervalued.

What is HDFC Bank Ltd's market cap?

HDFC Bank Ltd's market capitalization is USD 115.92B.

What is HDFC Bank Ltd's P/E ratio?

HDFC Bank Ltd's price-to-earnings (P/E) ratio is 13.3.

What does HDFC Bank Ltd do?

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.