HDB Stock Analysis: HDFC Bank | NYSE
Banks - Regional | NYSE, USA | Market Cap: 130.316m USD | 12M Return: -30.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 214M
EPS Trend: 88.9%
Qual. Beats: 0
Rev. Trend: 87.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
HDFC Bank Limited is an Indian universal bank that provides a wide range of banking and financial services to individuals and businesses, operating primarily in India with an international presence in Bahrain, Hong Kong, Singapore, and Dubai. Its business is organized across multiple segments, including Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance, and Other, reflecting a diversified commercial and consumer banking model. The company offers deposit products, retail and corporate loans, credit and debit cards, trade finance, treasury and cash management services, insurance, and digital banking channels, distributing these through a network of branches and ATMs. Listed on the NYSE under the ticker HDB as a large-cap stock in the Diversified Banks sub-industry, HDFC Bank was incorporated in 1994 and is headquartered in Mumbai.
- Net interest margin compression pressures quarterly earnings
- Retail loan portfolio growth accelerates across segments
- RBI rate decisions and deposit cost trends shape outlook
| Net Income: 768b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.01 > 1.0 |
| NWC/Revenue: 61.13% < 20% (prev -598.6%; Δ 659.8% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1764b > Net Income 768b |
| Net Debt (3255b) to EBITDA (1076b): 3.02 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (1.72b) vs 12m ago -33.04% < -2% |
| Gross Margin: 57.20% > 18% (prev 48.48%; Δ 8.72% > 0.5%) |
| Asset Turnover: 10.87% > 50% (prev 8.86%; Δ 2.01% > 0%) |
| Interest Coverage Ratio: 0.55 > 6 (EBIT TTM 1032b / Interest Expense TTM 1873b) |
| A: 0.06 (Total Current Assets 3058b - Total Current Liabilities 0.0) / Total Assets 48109b |
| B: 0.12 (Retained Earnings 5590b / Total Assets 48109b) |
| C: 0.02 (EBIT TTM 1032b / Avg Total Assets 46016b) |
| D: 0.14 (Book Value of Equity 5745b / Total Liabilities 42145b) |
| Altman-Z'' = 1.09 = BB |
As of July 02, 2026, the stock is trading at USD 25.83 with a total of 5,628,486 shares traded. Over the past week, the price has changed by -0.04%, over one month by +11.69%, over three months by +5.85% and over the past year by -30.46%.
Current recommended Stop Loss: 24.30 (which is 5.9% or 2.6 ATR below the current price).
HDFC Bank has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy HDB.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 34.4 | 33.3% |
P/E Trailing = 17.7517
P/E Forward = 17.3611
P/S = 0.046
P/B = 1.5782
P/EG = 1.0118
Revenue TTM = 5001b USD
EBIT TTM = 1032b USD
EBITDA TTM = 1076b USD
Long Term Debt = 6158b USD (from longTermDebt, two quarters ago)
Short Term Debt = unknown (none)
Debt = 6312b USD (corrected: LT Debt 6158b + ST Debt none) + Leases 154b
Net Debt = 3255b USD (calculated: Debt 6312b - CCE 3058b)
Enterprise Value = 3385b USD (130b + Debt 6312b - CCE 3058b)
Interest Coverage Ratio = 0.55 (Ebit TTM 1032b / Interest Expense TTM 1873b)
EV/FCF = 1.97x (Enterprise Value 3385b / FCF TTM 1723b)
FCF Yield = 50.89% (FCF TTM 1723b / Enterprise Value 3385b)
FCF Margin = 34.44% (FCF TTM 1723b / Revenue TTM 5001b)
Net Margin = 15.36% (Net Income TTM 768b / Revenue TTM 5001b)
Gross Margin = 57.20% ((Revenue TTM 5001b - Cost of Revenue TTM 2141b) / Revenue TTM)
Gross Margin QoQ = 58.38% (prev 61.05%)
Tobins Q-Ratio = 0.07 (Enterprise Value 3385b / Total Assets 48109b)
Interest Expense / Debt = 29.67% (Interest Expense 1873b / Debt 6312b)
Taxrate = 22.46% (232b / 1032b)
NOPAT = 800b (EBIT 1032b * (1 - 22.46%))
Current Ratio = unknown (Total Current Assets 3058b / Total Current Liabilities 0.0)
Debt / Equity = 1.10 (Debt 6312b / totalStockholderEquity, last quarter 5745b)
Debt / EBITDA = 3.02 (Net Debt 3255b / EBITDA 1076b)
Debt / FCF = 1.89 (Net Debt 3255b / FCF TTM 1723b)
Total Stockholder Equity = 4167b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.67% (Net Income 768b / Total Assets 48109b)
RoE = 18.43% (Net Income TTM 768b / Total Stockholder Equity 4167b)
RoCE = 10.00% (EBIT 1032b / Capital Employed (Equity 4167b + L.T.Debt 6158b))
RoIC = 2.29% (EBIT 1032b / (Assets 48109b - Curr.Liab 0.0 - Cash 3058b))
WACC = 22.69% (E(130b)/V(6443b) * Re(7.07%) + D(6312b)/V(6443b) * Rd(29.67%) * (1-Tc(0.22)))
Discount Rate = 7.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 6.67 | Cagr: -38.27%
[DCF] Terminal Value 44.17% ; FCFF base≈1485b ; Y1≈1703b ; Y5≈2506b
[DCF] Fair Price = 1.38k (EV 10363b - Net Debt 3255b = Equity 7108b / Shares 5.13b; r=22.69% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.93 | EPS CAGR: 2.17% | SUE: 0.17 | # QB: 0
Revenue Correlation: 87.08 | Revenue CAGR: 28.69% | SUE: 3.07 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.39 | Chg30d=-8.67% | Revisions=-20% | Analysts=1
EPS current Year (2027-03-31): EPS=1.27 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=-18.9% | GrowthRev=+8.1%
EPS next Year (2028-03-31): EPS=1.47 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+15.7% | GrowthRev=+10.6%
[Analyst] Revisions Ratio: -20%