profit from every ₹100 of sales.
₹0₹100
HDFC Bank
₹804.00-1.02% today
-19.8% in 1 year
1-year low ₹680.201-year high ₹1,003.10
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay ₹18.42 for every ₹1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What HDFC Bank sold, what it kept, and what it did with the cash.
Sales went from ₹1.02 trillion in 2022 to ₹2.37 trillion in 2025, with ₹674 billion of profit last year.
SalesProfit
HDFC Bank handed back 14% of the cash it generated last year.
₹158.1B
Free cash flow 2025₹1.13T
Bought back its own shares–
Paid as dividends₹158.1B
Cash vs. debt₹3.22T vs. ₹7.33T
HDFC Bank vs. similar companies
HDFC Bank grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| HDFC Bank | 18.4× · Fair price | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 Mizuho Financial Group | 16.0× · Fair price |
AI analysis
An AI analyst reads HDFC Bank's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,019,414 | 1,205,375 | 1,986,934 | 2,371,508 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 386,000 | 495,447 | 622,657 | 673,508 | |
| 34.69 | 88.68 | 88.31 | 44.82 | |
| – | – | – | – | |
| – | – | – | – | |
| 37.9% | 41.1% | 31.3% | 28.4% |
Balance sheet
| In millions of INR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 21,113,706 | 25,755,624 | 44,118,573 | 48,187,671 |
| Cash | 1,599,221 | 2,363,920 | 3,425,973 | 3,222,323 |
| Total debt | 2,186,639 | 3,151,793 | 8,093,552 | 7,326,106 |
| Total liabilities | 18,604,252 | 22,837,786 | 36,232,390 | 39,564,780 |
| 2,504,838 | 2,912,201 | 6,947,327 | 7,676,891 | |
| 5,563 | 5,587 | 7,107 | 15,319 | |
| – | – | – | – | |
| 15.4% | 17.0% | 9.0% | 8.8% |
Cash flow
| In millions of INR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 581,018 | 477,201 | 1,022,322 | 1,195,617 | |
| 26,324 | 43,620 | 53,838 | 66,397 | |
| 554,694 | 433,580 | 968,484 | 1,129,220 | |
| Dividends paid | 36,239 | 86,394 | 86,617 | 158,058 |
| – | – | 2,300 | – | |
| 13,875 | 14,015 | 20,116 | 24,634 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 18.4×
- –
- 2.07
- 1.3×
- 5.2×
- 5.4%
- 1.3%
Profitability
- 28.4%
- –
- –
- –
- –
Growth
- +32.5%
- +8.9%
- –
- +40.2%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 30%of 880
Top 15%of 878
Top 31%of 932
1.3%of the share price, paid each year
On $1,000 invested$13a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
23.5% of its profit
Room to growStretchedMore than it earns: 14.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about HDFC Bank
Is HDFC Bank a good stock to buy?
A strong, very profitable business at a fair price. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the HDFC Bank AI analysis
What does HDFC Bank do?
HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. It is in Banks - Regional, based in Mumbai, India, with 211,178 employees.
Does HDFC Bank pay a dividend?
Yes. At today's price the dividend is 1.3% a year, about 23% of its yearly profit. In 2025 it paid out ₹158 billion in dividends.
Is HDFC Bank stock halal?
No. HDFC Bank does not pass our halal screen: its main business, banking, is not permitted. How we check
How has HDFC Bank stock done over the past year?
Down 19.8% over the past twelve months, to ₹804.00. It traded between ₹680.20 and ₹1,003.10 and is 19.8% below its high.
Who are HDFC Bank's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and Mizuho Financial Group. The peers table on this page compares their profit, growth and price with HDFC Bank's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.