HDB Stock Analysis: HDFC Bank | NYSE
Banks - Regional | NYSE, USA | Market Cap: 112.107m USD | 12M Return: -29.5% | US40415F1012 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 182M
EPS Trend: 91.0%
Qual. Beats: 1
Rev. Trend: 95.1%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
HDFC Bank Limited is a private-sector Indian bank that provides a comprehensive suite of banking and financial products to individuals and businesses across India and select international markets, including Bahrain, Hong Kong, Singapore, and Dubai. As one of Indias largest private-sector banks by assets, it operates through segments covering Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance, and other services.
On the deposit and account side, the company offers a broad range of products including savings, salary, current, rural, public provident fund, pension, and demat accounts, alongside fixed and recurring deposits, safe deposit lockers, and offshore accounts with overdraft facilities.
Its lending portfolio is highly diversified, spanning personal, home, car, two-wheeler, business, educational, gold, consumer, and rural loans, as well as loans against property, securities, mutual funds, and credit cards. The bank also provides working capital, term loans, supply chain finance, project and export finance, commercial vehicle and equipment finance, tractor finance, infrastructure lending, and agricultural finance.
The company delivers payment, trade, and treasury services including credit, debit, prepaid, forex, and Kisan Gold cards, along with export/import services, remittances, bank guarantees, letters of credit, trade finance, hedging, and merchant and cash management solutions. It also distributes insurance and investment products to its retail and corporate customers.
HDFC Bank supports its offerings with extensive digital infrastructure, including online, mobile, and phone banking, plus unified payment interface, immediate payment, national electronic funds transfer, and real-time gross settlement services. The company distributes its products through a large network of branches and ATMs across India.
The company was incorporated in 1994 and is headquartered in Mumbai, India. Listed on the NYSE under the ticker HDB, it trades as an American Depositary Receipt (ADR), providing international investors exposure to Indias retail-led banking growth story.
- RBI rate cut cycle pressures net interest margins
- Retail loan growth outpaces wholesale segment expansion
- HDFC Securities merger lifts fee income diversification
| Net Income: 807b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.82 > 1.0 |
| NWC/Revenue: 51.97% < 20% (prev -602.4%; Δ 654.4% < -1%) |
| CFO/TA 0.03 > 3% & CFO 1764b > Net Income 807b |
| Net Debt (3492b) to EBITDA (1154b): 3.03 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (5.14b) vs 12m ago 0.45% < -2% |
| Gross Margin: 59.63% > 18% (prev 53.92%; Δ 5.71% > 0.5%) |
| Asset Turnover: 10.51% > 50% (prev 9.64%; Δ 0.87% > 0%) |
| Interest Coverage Ratio: 0.58 > 6 (EBIT TTM 1113b / Interest Expense TTM 1906b) |
| A: 0.05 (Total Current Assets 2650b - Total Current Liabilities 0.0) / Total Assets 51885b |
| B: 0.05 (Retained Earnings 2406b / Total Assets 51885b) |
| C: 0.02 (EBIT TTM 1113b / Avg Total Assets 48516b) |
| D: 0.13 (Book Value of Equity 6112b / Total Liabilities 45536b) |
| Altman-Z'' = 0.78 = B |
As of November 05, 2026, the stock is trading at USD 24.33 with a total of 14,298,613 shares traded. Over the past week, the price has changed by +12.90%, over one month by +10.04%, over three months by +3.62% and over the past year by -29.53%.
Current recommended Stop Loss: 23.10 (which is 5.1% or 2.3 ATR below the current price).
HDFC Bank has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy HDB.
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.3 | 24.5% |
Market Cap TWD = 3688b (112b USD * 32.897 USD.TWD)
P/E Trailing = 14.0645
P/E Forward = 12.2699
P/S = 0.0371
P/B = 1.2916
P/EG = 1.0118
Revenue TTM = 5098b TWD
EBIT TTM = 1113b TWD
EBITDA TTM = 1154b TWD
Long Term Debt = 5119b TWD (from longTermDebt, last fiscal year)
Short Term Debt = 1350b TWD (from shortLongTermDebt, last fiscal year)
Debt = 6142b TWD (from shortLongTermDebtTotal, last quarter) + Leases 175b
Net Debt = 3492b TWD (calculated: Debt 6142b - CCE 2650b)
Enterprise Value = 7180b TWD (3688b + Debt 6142b - CCE 2650b)
Interest Coverage Ratio = 0.58 (Ebit TTM 1113b / Interest Expense TTM 1906b)
EV/FCF = 4.17x (Enterprise Value 7180b / FCF TTM 1723b)
FCF Yield = 23.99% (FCF TTM 1723b / Enterprise Value 7180b)
FCF Margin = 33.79% (FCF TTM 1723b / Revenue TTM 5098b)
Net Margin = 15.82% (Net Income TTM 807b / Revenue TTM 5098b)
Gross Margin = 59.63% ((Revenue TTM 5098b - Cost of Revenue TTM 2058b) / Revenue TTM)
Gross Margin QoQ = 57.58% (prev 61.36%)
Tobins Q-Ratio = 0.14 (Enterprise Value 7180b / Total Assets 51885b)
Interest Expense / Debt = 31.04% (Interest Expense 1906b / Debt 6142b)
Taxrate = 24.26% (270b / 1113b)
NOPAT = 843b (EBIT 1113b * (1 - 24.26%))
Current Ratio = unknown (Total Current Assets 2650b / Total Current Liabilities 0.0)
Debt / Equity = 1.00 (Debt 6142b / totalStockholderEquity, last quarter 6112b)
Debt / EBITDA = 3.03 (Net Debt 3492b / EBITDA 1154b)
Debt / FCF = 2.03 (Net Debt 3492b / FCF TTM 1723b)
Total Stockholder Equity = 4505b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.66% (Net Income 807b / Total Assets 51885b)
RoE = 17.91% (Net Income TTM 807b / Total Stockholder Equity 4505b)
RoCE = 11.56% (EBIT 1113b / Capital Employed (Equity 4505b + L.T.Debt 5119b))
RoIC = 2.26% (EBIT 1113b / (Assets 51885b - Curr.Liab 0.0 - Cash 2650b))
WACC = 17.14% (E(3688b)/V(9830b) * Re(6.52%) + D(6142b)/V(9830b) * Rd(31.04%) * (1-Tc(0.24)))
Discount Rate = 6.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 19.68 | Cagr: 0.50%
[DCF] Terminal Value 54.68% ; FCFF base≈1485b ; Y1≈1703b ; Y5≈2506b
[DCF] Fair Price = 2.15k (EV 14555b - Net Debt 3492b = Equity 11063b / Shares 5.14b; r=17.14% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.02 | EPS CAGR: 3.05% | SUE: 1.46 | # QB: 1
Revenue Correlation: 95.06 | Revenue CAGR: 15.73% | SUE: 0.86 | # QB: 3
EPS current Quarter (2026-12-31): EPS=0.41 | Chg30d=+3.79% | Revisions=-25% | Analysts=1
EPS current Year (2027-03-31): EPS=1.23 | Chg30d=+2.10% | Revisions=+0% | GrowthEPS=-21.3% | GrowthRev=-35.7%
EPS next Year (2028-03-31): EPS=1.38 | Chg30d=-0.73% | Revisions=-25% | GrowthEPS=+11.9% | GrowthRev=+50.7%
[Analyst] Revisions Ratio: -40% (up=0, down=2)