HDFC Bank (HDFCBANK.NS) Stock Price

HDFC Bank Price

🇮🇳NSE·CLOSED
779.80INR
Market closed
Today +/-
Today %

HDFC Bank (HDFCBANK.NS) Stock | ISIN INE040A01034 | WKN A2PR0R. The current HDFC Bank stock price is 779.8 INR (2026). Revenue is 1.98 T INR. Net income is 763.21 B INR. The P/E ratio is 31.31. Market capitalization is 11.95 T INR. HDFC Bank operates in the Finance sector.

Over the last 19 years HDFC Bank grew revenue by 26.2% annually, reaching 4.71 T INR. Earnings per share have grown at 20.6% per year over the last 19 years. For HDFC Bank, the net margin of 15% is down versus 20.4% a few years ago. At today's price the dividend yield works out to roughly 3.46%. The payout ratio is around 19% of earnings. The dividend has grown at 8.7% per year over the past 19 years.

HDFC Bank stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of HDFC Bank over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how HDFC Bank stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing HDFC Bank's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

HDFC Bank Stock Price History
DateHDFC Bank Price
Access this data via the Eulerpool API

HDFC Bank Revenue, EBIT, Net Income

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Revenue
Net Income
Details
Date
Revenue
Net Income
Jan 1, 2006
56.39 B INR
8.82 B INR
Jan 1, 2007
82.24 B INR
11.51 B INR
Jan 1, 2008
124.92 B INR
15.95 B INR
Jan 1, 2009
197.46 B INR
22.49 B INR
Jan 1, 2010
204.42 B INR
30.04 B INR
Jan 1, 2011
246.28 B INR
39.92 B INR
Jan 1, 2012
341.86 B INR
52.47 B INR
Jan 1, 2013
429.94 B INR
68.7 B INR
Jan 1, 2014
508.53 B INR
87.43 B INR
Jan 1, 2015
602.12 B INR
106.89 B INR
Jan 1, 2016
743.73 B INR
128.01 B INR
Jan 1, 2017
861.49 B INR
152.53 B INR
Jan 1, 2018
1.01 T INR
185.1 B INR
Jan 1, 2019
1.24 T INR
223.32 B INR
Jan 1, 2020
1.47 T INR
272.54 B INR

HDFC Bank Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 21, 2026, 8:29 AM
 
REVENUE (T INR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M INR)
EBIT (T INR)
EBIT MARGIN (%)
NET INCOME (T INR)
NET INCOME GROWTH (%)
DIV. (INR)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
202120222023202420252026e2027e2028e
1.561.682.054.084.711.982.162.48
67.5822.0599.3515.42-57.938.8414.89
--------
00000000
000001.231.331.53
0.320.380.460.640.710.760.881.02
16.819.5420.8839.2710.517.8115.3716.28
6.515.51919.52713.55.236.19
245.74138.4622.582.6338.46-50-61.2618.36
11.0511.1411.1814.2315.3215.3215.3215.32
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales HDFC Bank generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue HDFC Bank retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare HDFC Bank's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares HDFC Bank has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against HDFC Bank's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

HDFC Bank stock margins

The HDFC Bank margin analysis displays the gross margin, EBIT margin, as well as the profit margin of HDFC Bank. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for HDFC Bank.
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Profit margin
Details
Date
Profit margin
Jan 1, 2006
15.63 %
Jan 1, 2007
13.99 %
Jan 1, 2008
12.77 %
Jan 1, 2009
11.39 %
Jan 1, 2010
14.69 %
Jan 1, 2011
16.21 %
Jan 1, 2012
15.35 %
Jan 1, 2013
15.98 %
Jan 1, 2014
17.19 %
Jan 1, 2015
17.75 %
Jan 1, 2016
17.21 %
Jan 1, 2017
17.71 %
Jan 1, 2018
18.26 %
Jan 1, 2019
17.99 %
Jan 1, 2020
18.53 %

HDFC Bank Stock Revenue, EBIT, Earnings per Share

The HDFC Bank earnings per share therefore indicates how much revenue HDFC Bank has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2006
4.23 INR
0.66 INR
Jan 1, 2007
6.5 INR
0.91 INR
Jan 1, 2008
8.95 INR
1.14 INR
Jan 1, 2009
11.56 INR
1.32 INR
Jan 1, 2010
11.59 INR
1.7 INR
Jan 1, 2011
13.18 INR
2.14 INR
Jan 1, 2012
18.29 INR
2.81 INR
Jan 1, 2013
22.76 INR
3.64 INR
Jan 1, 2014
26.59 INR
4.57 INR
Jan 1, 2015
30.7 INR
5.45 INR
Jan 1, 2016
36.49 INR
6.28 INR
Jan 1, 2017
41.76 INR
7.39 INR
Jan 1, 2018
48.42 INR
8.84 INR
Jan 1, 2019
57.32 INR
10.31 INR
Jan 1, 2020
66.73 INR
12.37 INR

HDFC Bank business model & stock analysis

HDFC Bank Limited is an Indian financial institution headquartered in Mumbai. The bank was founded in August 1994 as a subsidiary of Housing Development Finance Corporation Limited (HDFC) and took over the banking business of HDFC. The company now has over 5,500 branches in more than 2,700 cities and towns throughout the region. HDFC Bank is one of the leading banks in India and has emerged as a major competitor in the Indian market in recent years. The business model of HDFC Bank is designed to offer a wide range of financial products and services. The bank has built a comprehensive network of branches and distribution channels to reach almost every segment of the Indian economy. HDFC Bank's various divisions include retail banking, corporate banking, investment banking, asset management, and insurance. Each division has its own goals, strategies, and products. In retail banking, the bank offers a comprehensive range of banking services and loan products. These include current accounts, savings accounts, credit cards, personal and business loans, as well as financing solutions for the purchase of cars, homes, and other assets. In addition, the bank has built an extensive network of ATMs and mobile banking services. In corporate banking, HDFC Bank offers a wide range of services for businesses of all sizes. These include accounts, foreign exchange transactions, working capital financing, trade finance, cash management, and digital payment systems. The bank also has specialized teams for specific industries such as the automotive industry, information technology, and healthcare. In investment banking, the bank offers advisory services for mergers and acquisitions, equity and debt raising, as well as structured financing. The bank is also involved in organizing market launches and bond issuances. HDFC Bank also has an asset management division, which provides investment advisory and asset management services. The bank offers a wide range of investment products, including mutual funds, stocks, bonds, gold, and other commodities. In addition to the aforementioned products and services, HDFC Bank also offers a wide range of insurance solutions. These include life insurance, accident insurance, health insurance, liability insurance, and travel insurance. The history of HDFC Bank has been marked by continuous growth and expansion. Since its inception, the company has significantly expanded its presence in India. The bank has carried out several strategic acquisitions and mergers and has continuously expanded its offerings to meet the needs of its customers. HDFC Bank has been repeatedly recognized for its financial performance and innovations and is one of the fastest-growing banks in India. Overall, HDFC Bank Limited has revolutionized the banking sector in India and has built a comprehensive network of financial services. The company has solidified its position as one of the key players in India's financial services industry and is expected to continue growing in the near future.

HDFC Bank SWOT Analysis

Strengths

1. Established brand name and reputation in the banking industry.

2. Strong financial performance with consistent profitability and growth.

3. Extensive range of banking products and services catering to diverse customer needs.

Weaknesses

1. Relatively higher interest rates compared to some competitors.

2. Limited international presence compared to global banking giants.

3. Overreliance on Indian market, thus susceptible to domestic economic fluctuations.

Opportunities

1. Expanding presence in rural and underbanked areas of India to tap into untapped markets.

2. Embracing technological advancements to enhance digital banking capabilities.

3. Potential growth through strategic partnerships or mergers/acquisitions.

Threats

1. Intense competition from both domestic and international banks.

2. Regulatory changes impacting banking operations and profitability.

3. Economic downturns leading to reduced customer spending and loan defaults.

HDFC Bank Eulerpool Fair Value

HDFC Bank historical P/E ratio, EBIT multiple, and P/S ratio

HDFC Bank annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

HDFC Bank shares outstanding

The number of shares was HDFC Bank in 2025 — This indicates how many shares 30.648 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
13.34 B base_Shares
Jan 1, 2007
12.66 B base_Shares
Jan 1, 2008
13.95 B base_Shares
Jan 1, 2009
17.07 B base_Shares
Jan 1, 2010
17.64 B base_Shares
Jan 1, 2011
18.69 B base_Shares
Jan 1, 2012
18.69 B base_Shares
Jan 1, 2013
18.89 B base_Shares
Jan 1, 2014
19.12 B base_Shares
Jan 1, 2015
19.61 B base_Shares
Jan 1, 2016
20.38 B base_Shares
Jan 1, 2017
20.63 B base_Shares
Jan 1, 2018
20.93 B base_Shares
Jan 1, 2019
21.65 B base_Shares
Jan 1, 2020
22.04 B base_Shares

HDFC Bank Dividend History

28 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
202527INR 38.5%
Jun 27, 202522INR 12.8%1/2
Jul 25, 20255INR 77.3%2/2
202419.5INR 2.6%
202319INR 22.6%
202215.5INR 138.5%
20216.5INR 246.7%
20201.88INR 90.6%
201920INR 53.8%
201813INR 18.2%
201711INR 15.8%
20169.5INR 18.8%

HDFC Bank dividend history and estimates

In 2025, HDFC Bank paid a dividend amounting to 27 INR. Dividend means that HDFC Bank distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2006
5.5 INR
0 INR
0 INR
Jan 1, 2007
7 INR
0 INR
0 INR
Jan 1, 2008
8.5 INR
0 INR
0 INR
Jan 1, 2009
10 INR
0 INR
0 INR
Jan 1, 2010
12 INR
0 INR
0 INR
Jan 1, 2011
16.5 INR
0 INR
0 INR
Jan 1, 2012
4.3 INR
0 INR
0 INR
Jan 1, 2013
5.5 INR
0 INR
0 INR
Jan 1, 2014
6.85 INR
0 INR
0 INR
Jan 1, 2015
8 INR
0 INR
0 INR
Jan 1, 2016
9.5 INR
0 INR
0 INR
Jan 1, 2017
11 INR
0 INR
0 INR
Jan 1, 2018
13 INR
0 INR
0 INR
Jan 1, 2019
20 INR
0 INR
0 INR
Jan 1, 2020
1.88 INR
0 INR
0.63 INR

HDFC Bank dividend payout ratio

In 2025, HDFC Bank had a payout ratio of 19.25%. The payout ratio indicates the percentage of the company's profits that HDFC Bank distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
20.83 %
Jan 1, 2007
19.34 %
Jan 1, 2008
18.64 %
Jan 1, 2009
19.01 %
Jan 1, 2010
17.65 %
Jan 1, 2011
19.32 %
Jan 1, 2012
19.16 %
Jan 1, 2013
18.91 %
Jan 1, 2014
18.74 %
Jan 1, 2015
18.35 %
Jan 1, 2016
18.91 %
Jan 1, 2017
18.61 %
Jan 1, 2018
18.38 %
Jan 1, 2019
24.25 %
Jan 1, 2020
19.41 %
Price targets and forecasts for HDFC Bank are not yet available.

HDFC Bank Earnings Estimates

HDFC Bank Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/13/202423.28INR446.12 BINR2024 Q4
1/12/202425.87INR419.57 BINR2024 Q3
7/14/202321.63INR-INR2024 Q1
4/14/202322.22INR332.75 BINR2023 Q4
1/13/202321.71INR311.19 BINR2023 Q3
10/14/202220.02INR270.04 BINR2023 Q2
7/16/202217.14INR270.58 BINR2023 Q1
4/16/202218.51INR256.5 BINR2022 Q4
1/17/202218.79INR270.28 BINR2022 Q3
10/16/202116.27INR252.45 BINR2022 Q2

EESG©

Eulerpool ESG Scorecard© for the HDFC Bank stock

68/100
59
Environment
73
Social
73
Governance
E

Environment

20
Scope 1 - Direct Emissions77,999.5
Scope 2 - Indirect emissions from purchased energy284,877.91
Scope 3 - Indirect emissions within the value chain24,030,310.04
Total CO₂ emissions362,877.41
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees26
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

HDFC Bank shareholder structure

% Name
3.17109%
SBI Funds Management Pvt. Ltd.
SBI Funds Management Pvt. Ltd.
2.35432%
Life Insurance Corporation of India
Life Insurance Corporation of India
1.90334%
HDFC Asset Management Co., Ltd.
HDFC Asset Management Co., Ltd.
1.40282%
ICICI Prudential Asset Management Co. Ltd.
ICICI Prudential Asset Management Co. Ltd.
1.23216%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.14793%
GIC Private Limited
GIC Private Limited
0.95451%
UTI Asset Management Co. Ltd.
UTI Asset Management Co. Ltd.
0.93084%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.87335%
Nippon Life India Asset Management Limited
Nippon Life India Asset Management Limited
0.64235%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
...

HDFC Bank Executives and Management Board

KB

Mr. Kaizad Bharucha

Deputy Managing Director, Executive Director

Compensation111.29 M INR
SJ

Mr. Sashidhar Jagdishan

(59)

Chief Executive Officer, Managing Director, Executive Director

Compensation107.71 M INR
BZ

Mr. Bhavesh Zaveri

(58)

Executive Director - Operations, ATM and Administration · since 2007

Compensation41.5 M INR
VR

Mr. V. Srinivasa Rangan

Executive Director - Legal and Secretarial, Fraud and Vigilance, Ethics Office, Information Security Group, Group Oversight Department · since 2023

Compensation23 M INR
SV

Mr. Srinivasan Vaidyanathan

(60)

Chief Financial Officer

Compensation17.93 M INR
...

Frequently asked questions about HDFC Bank

The business model of HDFC Bank Ltd revolves around offering a wide array of banking and financial services to both retail and corporate customers. As one of India's leading private sector banks, HDFC Bank provides various products and services such as personal banking, wholesale banking, treasury operations, and credit cards. The bank focuses on delivering superior customer experience through its extensive branch network, digital banking platforms, and innovative offerings. HDFC Bank emphasizes technology-driven solutions and robust risk management practices to maintain its position as a trusted and efficient financial institution in India.

All fundamentals and in-depth analysis of HDFC Bank

Our stock analysis for HDFC Bank Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of HDFC Bank Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.