Overview Dividends

(HDB) HDFC Bank - Ratings and Ratios

Exchange: NYSE • Country: India • Currency: USD • Type: Common Stock • ISIN: US40415F1012

Loans, Deposits, Cards, Insurance, Investments

HDB EPS (Earnings per Share)

EPS Growth (3Y CAGR): 0.90%
EPS Trend (3Y Correlation): 47.5%

HDB Revenue

Revenue Growth (3Y CAGR): 58.14%
Revenue Trend (3Y Correlation): 70.0%

Risk via 10d forecast
Volatility	24.9%
Value at Risk 5%th	35.5%
Relative Tail Risk	-13.06%

Reward TTM
Sharpe Ratio	0.79
Alpha	8.73

Character TTM
Hurst Exponent	0.515
Beta	0.303
Beta Downside	0.233

Drawdowns 3y
Max DD	24.68%
Mean DD	8.36%
Median DD	7.01%

Description: HDB HDFC Bank September 24, 2025

HDFC Bank Limited (NYSE:HDB) is a diversified Indian bank that delivers a full suite of banking and financial services across retail, wholesale, treasury, insurance, and ancillary segments to customers in India and select overseas markets (Bahrain, Hong Kong, Singapore, Dubai). Its product lineup spans deposit accounts, a wide array of consumer and commercial loans, card services, payments, trade finance, and investment and insurance solutions, supported by an extensive branch and ATM network as well as digital channels.

Key performance indicators from FY 2024 show the bank’s net interest margin (NIM) holding steady at roughly 4.1%, while total loan book expanded by about 12% year-over-year, driven primarily by growth in consumer credit and SME financing. Asset quality remains robust, with gross non-performing assets (NPAs) at 0.5% of total advances, reflecting disciplined underwriting amid a still-volatile macro environment.

Macro-economic drivers critical to HDFC Bank’s outlook include India’s projected real GDP growth of 6-7% in FY 2025, which underpins rising household consumption and credit demand, and the Reserve Bank of India’s policy stance-its recent 25-basis-point rate cuts aim to sustain liquidity but also pressure NIM. Sector-wide, the rapid adoption of Unified Payments Interface (UPI) and other fintech innovations is expanding transaction volumes, offering cross-selling opportunities for the bank’s digital banking services.

For a deeper, data-driven valuation framework, the ValueRay platform offers granular metrics and scenario analyses that can complement your own research.

HDB Stock Overview

Market Cap in USD	189,030m
Sub-Industry	Diversified Banks
IPO / Inception	2001-07-20
Return 12m vs S&P 500	6.85%
Analyst Rating	4.75 of 5

HDB Dividends

Dividend Yield	3.04%
Yield on Cost 5y	3.78%
Yield CAGR 5y	55.33%
Payout Consistency	85.6%
Payout Ratio	68.8%

HDB Growth Ratios

CAGR 3y	6.18%
CAGR/Max DD Calmar Ratio	0.25
CAGR/Mean DD Pain Ratio	0.74
Current Volume	3348.6k
Average Volume	3586.1k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (723.60b TTM) > 0 and > 6% of Revenue (6% = 259.97b TTM)

FCFTA -0.05 (>2.0%) and ΔFCFTA -4.99pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -604.9% (prev 62.29%; Δ -667.2pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.03 (>3.0%) and CFO 1272.42b > Net Income 723.60b (YES >=105%, WARN >=100%)

Net Debt (4224.49b) to EBITDA (757.93b) ratio: 5.57 <= 3.0 (WARN <= 3.5)

Current Ratio 0.06 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (2.57b) change vs 12m ago 0.58% (target <= -2.0% for YES)

Gross Margin 65.00% (prev 62.71%; Δ 2.30pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 9.54% (prev 8.52%; Δ 1.02pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.73 (EBITDA TTM 757.93b / Interest Expense TTM 1868.03b) >= 6 (WARN >= 3)

Altman Z'' -3.31

(A) -0.58 = (Total Current Assets 1770.58b - Total Current Liabilities 27981.70b) / Total Assets 45147.41b

(B) 0.05 = Retained Earnings (Balance) 2099.10b / Total Assets 45147.41b

(D) 0.14 = Book Value of Equity 5391.44b / Total Liabilities 39503.97b

Total Rating: -3.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.57

1. Piotroski 3.0pt = -2.0

2. FCF Yield -10.05% = -5.0

3. FCF Margin -48.66% = -7.50

4. Debt/Equity 1.10 = 1.92

5. Debt/Ebitda 5.57 = -2.50

6. ROIC - WACC (= 0.70)% = 0.88

7. RoE 13.72% = 1.14

8. Rev. Trend 70.01% = 5.25

9. EPS Trend 47.50% = 2.38

What is the price of HDB shares?

As of November 14, 2025, the stock is trading at USD 36.27 with a total of 3,348,554 shares traded.
Over the past week, the price has changed by +1.63%, over one month by +3.39%, over three months by -1.97% and over the past year by +21.70%.

Is HDFC Bank a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, HDFC Bank (NYSE:HDB) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 44.57 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HDB is around 35.68 USD . This means that HDB is currently overvalued and has a potential downside of -1.63%.

Is HDB a buy, sell or hold?

HDFC Bank has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy HDB.

Strong Buy: 3
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the HDB price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	43.9	21.1%
Analysts Target Price	43.9	21.1%
ValueRay Target Price	39.5	8.8%

HDB Fundamental Data Overview November 01, 2025

Market Cap INR = 16761.70b (189.03b USD * 88.672 USD.INR)
P/E Trailing = 24.7517
P/E Forward = 16.9779
P/S = 0.0704
P/B = 2.8583
P/EG = 0.97
Beta = 0.577
Revenue TTM = 4332.87b INR
EBIT TTM = 1364.61b INR
EBITDA TTM = 757.93b INR
Long Term Debt = 5866.16b INR (from longTermDebt, last fiscal year)
Short Term Debt = 1435.20b INR (from shortTermDebt, last fiscal year)
Debt = 5995.07b INR (from shortLongTermDebtTotal, last quarter)
Net Debt = 4224.49b INR (from netDebt column, last quarter)
Enterprise Value = 20986.19b INR (16761.70b + Debt 5995.07b - CCE 1770.58b)
Interest Coverage Ratio = 0.73 (Ebit TTM 1364.61b / Interest Expense TTM 1868.03b)
FCF Yield = -10.05% (FCF TTM -2108.45b / Enterprise Value 20986.19b)
FCF Margin = -48.66% (FCF TTM -2108.45b / Revenue TTM 4332.87b)
Net Margin = 16.70% (Net Income TTM 723.60b / Revenue TTM 4332.87b)
Gross Margin = 65.00% ((Revenue TTM 4332.87b - Cost of Revenue TTM 1516.35b) / Revenue TTM)
Gross Margin QoQ = 60.58% (prev 59.40%)
Tobins Q-Ratio = 0.46 (Enterprise Value 20986.19b / Total Assets 45147.41b)
Interest Expense / Debt = 7.80% (Interest Expense 467.41b / Debt 5995.07b)
Taxrate = 23.61% (62.95b / 266.59b)
NOPAT = 1042.38b (EBIT 1364.61b * (1 - 23.61%))
Current Ratio = 0.06 (Total Current Assets 1770.58b / Total Current Liabilities 27981.70b)
Debt / Equity = 1.10 (Debt 5995.07b / totalStockholderEquity, last quarter 5433.27b)
Debt / EBITDA = 5.57 (Net Debt 4224.49b / EBITDA 757.93b)
Debt / FCF = -2.00 (negative FCF - burning cash) (Net Debt 4224.49b / FCF TTM -2108.45b)
Total Stockholder Equity = 5274.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.60% (Net Income 723.60b / Total Assets 45147.41b)
RoE = 13.72% (Net Income TTM 723.60b / Total Stockholder Equity 5274.85b)
RoCE = 12.25% (EBIT 1364.61b / Capital Employed (Equity 5274.85b + L.T.Debt 5866.16b))
RoIC = 8.27% (NOPAT 1042.38b / Invested Capital 12609.39b)
WACC = 7.56% (E(16761.70b)/V(22756.77b) * Re(8.14%) + D(5995.07b)/V(22756.77b) * Rd(7.80%) * (1-Tc(0.24)))
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.51%
Fair Price DCF = unknown (Cash Flow -2108.45b)
EPS Correlation: 47.50 | EPS CAGR: 0.90% | SUE: 1.01 | # QB: 1
Revenue Correlation: 70.01 | Revenue CAGR: 58.14% | SUE: 0.74 | # QB: 0

Additional Sources for HDB Stock

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Fund Manager Positions: Dataroma | Stockcircle