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HDFC Bank (HDB) Financials

HDFC Bank logo
$73.97 -1.45 (-1.92%)
Closing price 08/22/2025 03:59 PM Eastern
Extended Trading
$74.13 +0.15 (+0.21%)
As of 08/22/2025 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for HDFC Bank

Annual Income Statements for HDFC Bank

This table shows HDFC Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,593 1,780 2,167 2,742 3,183 3,452 4,457 5,088 6,028 7,471 7,884
Consolidated Net Income / (Loss)		 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036
Net Income / (Loss) Continuing Operations		 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036
Total Pre-Tax Income 		2,472 2,801 3,392 4,256 4,916 4,853 6,013 6,843 8,059 8,465 10,085
Total Revenue		 5,071 5,875 7,126 8,720 9,653 10,502 12,806 13,436 14,666 23,841 27,760
Net Interest Income / (Expense)		 3,790 4,413 5,425 6,499 7,338 7,873 9,348 9,870 11,120 14,975 16,440
Total Interest Income		 8,037 9,440 11,188 12,954 15,062 16,076 17,446 17,571 20,556 33,380 37,785
Loans and Leases Interest Income		 6,231 7,107 8,523 10,251 11,968 13,023 13,905 13,944 16,447 26,332 29,340
Investment Securities Interest Income		 1,511 2,054 2,384 2,430 2,762 2,631 3,099 3,176 3,706 6,198 7,318
Other Interest Income		 213 195 204 211 205 324 395 430 367 807 993
Total Interest Expense		 4,247 5,027 5,763 6,455 7,724 8,203 8,098 7,701 9,436 18,406 21,345
Deposits Interest Expense		 3,648 4,283 4,751 5,018 5,929 6,737 6,853 6,445 7,484 11,968 14,690
Short-Term Borrowings Interest Expense		 111 246 336 399 565 361 171 233 707 1,202 1,102
Long-Term Debt Interest Expense		 481 495 675 1,034 1,230 1,104 1,071 1,021 1,236 5,190 5,520
Other Interest Expense		 6.36 3.41 1.19 4.53 0.69 1.98 1.74 2.05 8.50 46 33
Total Non-Interest Income		 1,281 1,462 1,701 2,221 2,315 2,629 3,459 3,566 3,545 8,866 11,319
Other Service Charges		 1,155 1,280 1,461 1,859 2,071 2,140 2,379 2,797 3,051 7,948 9,841
Net Realized & Unrealized Capital Gains on Investments		 126 182 241 362 260 610 1,120 731 495 918 1,478
Other Non-Interest Income		 -0.03 -0.83 - - -16 -121 -40 38 -0.86 0.85 0.00
Provision for Credit Losses		 273 325 585 912 1,045 1,560 2,109 1,674 903 1,597 2,123
Total Non-Interest Expense		 2,327 2,748 3,149 3,552 3,693 4,089 4,684 4,920 5,704 12,830 14,815
Salaries and Employee Benefits		 1,074 1,297 1,429 1,513 1,513 1,731 1,965 2,179 2,430 3,465 3,503
Net Occupancy & Equipment Expense		 329 364 432 458 427 418 489 478 548 782 910
Other Operating Expenses		 809 975 1,151 1,433 1,575 1,770 2,040 2,042 2,439 7,955 9,664
Depreciation Expense		 111 112 137 149 177 170 190 222 286 374 442
Amortization Expense		 3.51 0.11 0.05 0.02 0.01 - - 0.00 0.00 254 295
Other Special Charges		 - - - - - - - - 0.00 950 737
Income Tax Expense		 875 1,019 1,222 1,509 1,726 1,399 1,556 1,747 2,021 934 2,049
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.29 2.03 3.25 4.90 6.68 1.25 0.40 7.94 9.95 60 152
Basic Earnings per Share		 $40.94 $46.84 $55.23 $0.53 $41.07 $47.59 $59.27 $0.92 $1.08 $1.06 $0.01
Weighted Average Basic Shares Outstanding		 244.47 279.51 329.40 3.17 245.19 284.58 354.87 5.50 6.49 6.37 0.07
Diluted Earnings per Share		 $40.55 $46.33 $54.57 $0.52 $40.66 $47.27 $59.02 $0.91 $1.08 $1.06 $0.01
Weighted Average Diluted Shares Outstanding		 2.51B 2.53B 2.56B 2.60B 2.72B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B
Weighted Average Basic & Diluted Shares Outstanding		 2.51B 2.53B 2.56B 2.60B 2.72B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B
Cash Dividends to Common per Share		 $8.00 $9.50 $11.00 $0.10 $7.50 $2.50 $6.50 $0.20 $0.23 $0.23 $0.00

Quarterly Income Statements for HDFC Bank

No quarterly income statements for HDFC Bank are available.

Annual Cash Flow Statements for HDFC Bank

This table details how cash moves in and out of HDFC Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -477 552 818 2,203 2,324 -1,630 4,358 2,522 3,229 8,383 -1,207
Net Cash From Operating Activities		 1,755 2,567 5,848 1,448 2,650 2,271 12,603 7,658 5,806 12,267 13,995
Net Cash From Continuing Operating Activities		 1,755 2,567 5,848 1,448 2,634 2,271 12,563 7,658 5,806 12,267 13,995
Net Income / (Loss) Continuing Operations		 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036
Consolidated Net Income / (Loss)		 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036
Provision For Loan Losses		 273 325 585 912 1,045 1,560 2,109 1,674 903 1,597 2,123
Depreciation Expense		 111 112 137 149 177 170 190 222 286 374 442
Amortization Expense		 82 120 162 197 216 224 189 256 257 773 1,189
Non-Cash Adjustments to Reconcile Net Income		 0.89 93 -93 -197 -168 -77 -839 -365 226 -423 232
Changes in Operating Assets and Liabilities, net		 -309 135 2,887 -2,359 -1,826 -3,060 6,458 776 -1,904 2,416 1,973
Net Cash From Investing Activities		 -18,803 -17,281 -24,336 -31,459 -22,224 -28,525 -34,470 -43,526 -53,447 -44,067 -43,498
Net Cash From Continuing Investing Activities		 -18,803 -17,281 -24,336 -31,459 -22,224 -28,525 -34,470 -43,526 -53,452 -44,086 -43,498
Purchase of Property, Leasehold Improvements and Equipment		 -143 -151 -195 -141 -236 -243 -243 -347 -531 -646 -777
Purchase of Investment Securities		 -32,611 -62,945 -66,778 -46,290 -52,569 -56,896 -66,358 -57,305 -60,670 -90,354 -84,253
Divestitures		 - - - - - - - 0.00 0.00 657 0.00
Sale and/or Maturity of Investments		 13,841 45,495 42,360 15,105 30,225 28,531 32,072 18,952 16,663 44,257 40,327
Other Investing Activities, net		 104 318 275 -135 353 80 57 -4,828 -6,066 -4,236 1,206
Net Cash From Financing Activities		 16,513 15,214 19,337 32,207 21,942 24,483 26,229 38,383 50,784 40,165 28,320
Net Cash From Continuing Financing Activities		 16,513 15,214 19,337 32,207 21,942 24,483 26,229 38,383 50,784 40,165 28,320
Net Change in Deposits		 13,239 14,052 15,107 22,225 19,258 29,367 25,742 29,488 39,236 40,415 38,900
Issuance of Debt		 1,673 2,543 5,167 6,535 4,628 3,609 6,590 9,528 12,446 13,868 7,740
Repayment of Debt		 197 -1,198 -838 3,554 -5,087 -7,863 -6,348 -509 -272 -14,135 -17,284
Payment of Dividends		 -310 -368 -452 -530 -593 -881 -2.28 -478 -1,051 -1,039 -1,850
Other Financing Activities, Net		 160 185 349 424 318 245 241 353 426 1,057 813
Effect of Exchange Rate Changes		 58 51 -31 7.36 -44 141 -3.58 6.47 86 18 -24
Cash Interest Paid		 4,167 4,899 5,712 6,133 7,524 8,194 8,127 7,643 9,070 16,892 21,114
Cash Income Taxes Paid		 906 1,067 1,185 1,537 1,726 1,380 1,780 1,956 1,991 2,397 2,287

Quarterly Cash Flow Statements for HDFC Bank

No quarterly cash flow statements for HDFC Bank are available.

Annual Balance Sheets for HDFC Bank

This table presents HDFC Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Total Assets		 100,450 116,781 139,815 174,586 192,020 211,724 245,827 278,288 313,367 529,381 564,060
Cash and Due from Banks		 5,475 5,701 6,642 8,818 10,626 8,117 12,725 14,789 16,880 25,030 23,211
Trading Account Securities		 25,153 29,458 33,874 46,674 43,017 52,543 63,510 63,461 66,553 105,482 127,412
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 535 539 601 598 624 641 726 868 1,065 1,764 2,018
Separate Account Business Assets		 - - - - - - - - 0.00 11,464 11,896
Goodwill		 1,203 1,131 1,156 1,151 1,084 994 1,025 988 912 19,553 19,074
Intangible Assets		 0.19 0.08 0.03 0.02 - - - - 0.00 16,752 16,047
Other Assets		 5,556 5,455 6,402 5,784 7,067 11,147 7,872 13,170 20,475 349,335 364,402
Total Liabilities & Shareholders' Equity		 100,450 116,781 139,815 174,586 192,020 211,724 245,827 278,288 313,367 529,381 564,060
Total Liabilities		 88,388 103,637 123,964 156,517 168,370 186,568 216,248 245,212 277,866 434,754 463,125
Non-Interest Bearing Deposits		 11,764 13,320 17,790 18,278 20,537 22,968 28,859 31,396 33,206 36,955 36,481
Interest Bearing Deposits		 60,483 69,063 81,382 102,805 112,850 129,069 153,493 173,955 195,857 248,241 280,866
Short-Term Debt		 4,240 8,447 4,969 14,087 11,973 11,744 8,140 9,306 13,261 16,442 16,800
Accrued Interest Payable		 525 622 686 1,006 1,148 1,062 1,066 1,086 1,368 2,863 3,024
Long-Term Debt		 7,349 7,884 11,271 14,328 15,103 13,616 16,062 20,487 24,996 79,779 68,666
Separate Account Business Liabilities		 - - - - - - - - 0.00 11,464 11,896
Other Long-Term Liabilities		 4,027 4,301 7,866 6,012 6,759 8,109 8,629 8,982 9,178 39,009 45,392
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 12,062 13,144 15,850 18,069 23,650 25,156 29,579 33,076 35,501 94,627 100,935
Total Preferred & Common Equity		 12,041 13,122 15,822 18,034 23,606 25,111 29,527 33,015 35,433 83,361 89,862
Total Common Equity		 12,041 13,122 15,822 18,034 23,606 25,111 29,527 33,015 35,433 83,361 89,862
Common Stock		 6,299 6,299 6,906 7,399 10,775 10,232 10,934 11,074 10,816 52,222 52,016
Retained Earnings		 5,568 6,649 8,515 10,693 12,660 14,185 18,221 22,176 25,447 31,528 36,906
Treasury Stock		 - - - - - - - - 0.00 -202 -197
Accumulated Other Comprehensive Income / (Loss)		 174 174 401 -58 171 694 372 -235 -831 -186 1,138
Noncontrolling Interest		 21 22 28 36 44 45 52 61 69 11,265 11,073

Quarterly Balance Sheets for HDFC Bank

This table presents HDFC Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q4 2023 Q4 2024
Period end date 3/31/2022 3/31/2023 3/31/2024
Total Assets		 278,288 313,367 529,381
Cash and Due from Banks		 14,789 16,880 25,030
Trading Account Securities		 63,461 66,553 105,482
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Loans Held for Sale		 185,012 207,482 316,003
Premises and Equipment, Net		 868 1,065 1,764
Separate Account Business Assets		 - 0.00 11,464
Goodwill		 988 912 19,553
Intangible Assets		 - 0.00 16,752
Other Assets		 13,170 20,475 33,332
Total Liabilities & Shareholders' Equity		 278,288 313,367 529,381
Total Liabilities		 245,212 277,866 434,754
Non-Interest Bearing Deposits		 31,396 33,206 36,955
Interest Bearing Deposits		 173,955 195,857 248,241
Short-Term Debt		 9,306 13,261 16,442
Accrued Interest Payable		 1,086 1,368 2,863
Long-Term Debt		 20,487 24,996 79,779
Separate Account Business Liabilities		 - 0.00 11,464
Other Long-Term Liabilities		 8,982 9,178 39,009
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 33,076 35,501 94,627
Total Preferred & Common Equity		 33,015 35,433 83,361
Total Common Equity		 33,015 35,433 83,361
Common Stock		 11,074 10,816 52,222
Retained Earnings		 22,176 25,447 31,528
Treasury Stock		 - 0.00 -202
Accumulated Other Comprehensive Income / (Loss)		 -235 -831 -186
Noncontrolling Interest		 61 69 11,265

Annual Metrics And Ratios for HDFC Bank

This table displays calculated financial ratios and metrics derived from HDFC Bank's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 3/31/2015 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.52% 15.84% 21.30% 22.37% 10.70% 8.79% 21.94% 4.92% 9.15% 62.56% 16.44%
EBITDA Growth		 20.38% 13.85% 21.66% 24.68% 15.36% -1.18% 21.83% 14.53% 17.51% 22.78% 17.90%
EBIT Growth		 21.82% 13.33% 21.08% 25.47% 15.50% -1.28% 23.92% 13.79% 17.78% 16.82% 14.94%
NOPAT Growth		 20.60% 11.58% 21.80% 26.56% 16.11% 8.29% 29.06% 14.32% 18.49% 24.73% 6.71%
Net Income Growth		 20.60% 11.58% 21.80% 26.56% 16.11% 8.29% 29.06% 14.32% 18.49% 24.73% 6.71%
EPS Growth		 23.10% 14.25% 17.79% 26.56% 16.11% 16.26% 24.86% -98.45% 17.99% -98.83% -98.85%
Operating Cash Flow Growth		 -17.18% 46.27% 127.82% -75.24% 83.02% -14.32% 455.05% -39.24% -24.18% 111.28% 14.09%
Free Cash Flow Firm Growth		 -206.72% 0.70% 88.98% -2,515.25% 90.96% 448.03% -67.43% -434.58% -21.54% -2,158.03% 111.39%
Invested Capital Growth		 31.52% 24.63% 8.87% 44.85% 9.13% -0.41% 6.46% 16.90% 17.32% 158.75% -2.33%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 52.55% 51.64% 51.80% 52.77% 55.00% 49.95% 49.91% 54.48% 58.65% 44.30% 44.86%
EBIT Margin		 48.74% 47.68% 47.60% 48.81% 50.92% 46.21% 46.96% 50.93% 54.95% 39.49% 38.98%
Profit (Net Income) Margin		 31.49% 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 31.59% 28.95%
Tax Burden Percent		 64.60% 63.61% 63.98% 64.54% 64.88% 71.17% 74.12% 74.47% 74.92% 88.97% 79.69%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 89.91% 93.19%
Effective Tax Rate		 35.40% 36.39% 36.02% 35.46% 35.12% 28.83% 25.88% 25.53% 25.08% 11.03% 20.31%
Return on Invested Capital (ROIC)		 7.67% 6.71% 7.05% 6.99% 6.56% 6.82% 8.55% 8.74% 8.84% 5.69% 4.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.67% 6.71% 7.05% 6.99% 6.56% 6.82% 8.55% 8.74% 8.84% 5.69% 4.26%
Return on Net Nonoperating Assets (RNNOA)		 7.58% 7.43% 7.92% 9.20% 8.73% 7.33% 7.74% 7.53% 8.77% 5.88% 3.96%
Return on Equity (ROE)		 15.25% 14.14% 14.97% 16.19% 15.29% 14.15% 16.29% 16.27% 17.61% 11.57% 8.22%
Cash Return on Invested Capital (CROIC)		 -19.56% -15.22% -1.45% -29.65% -2.17% 7.24% 2.29% -6.84% -7.10% -82.81% 6.62%
Operating Return on Assets (OROA)		 2.66% 2.58% 2.64% 2.71% 2.68% 2.40% 2.63% 2.61% 2.72% 2.23% 1.98%
Return on Assets (ROA)		 1.72% 1.64% 1.69% 1.75% 1.74% 1.71% 1.95% 1.94% 2.04% 1.79% 1.47%
Return on Common Equity (ROCE)		 15.22% 14.11% 14.94% 16.16% 15.26% 14.13% 16.26% 16.24% 17.58% 10.57% 7.28%
Return on Equity Simple (ROE_SIMPLE)		 13.26% 13.58% 13.72% 15.23% 13.51% 13.75% 15.10% 15.43% 17.04% 9.03% 8.94%
Net Operating Profit after Tax (NOPAT)		 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036
NOPAT Margin		 31.49% 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 31.59% 28.95%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 27.66% 28.27% 26.12% 22.60% 20.10% 20.47% 19.17% 19.77% 20.31% 17.81% 15.90%
Operating Expenses to Revenue		 45.88% 46.78% 44.19% 40.73% 38.25% 38.94% 36.58% 36.62% 38.89% 53.81% 53.37%
Earnings before Interest and Taxes (EBIT)		 2,472 2,801 3,392 4,256 4,916 4,853 6,013 6,843 8,059 9,415 10,822
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,665 3,034 3,691 4,602 5,309 5,246 6,392 7,320 8,602 10,562 12,453
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.61 3.64 3.74 4.40 4.01 2.65 4.58 3.27 3.41 1.25 1.87
Price to Tangible Book Value (P/TBV)		 4.01 3.99 4.04 4.70 4.21 2.76 4.74 3.37 3.50 2.21 3.07
Price to Revenue (P/Rev)		 8.57 8.14 8.31 9.10 9.82 6.33 10.55 8.04 8.23 4.37 6.06
Price to Earnings (P/E)		 27.29 26.87 27.34 28.93 29.78 19.25 30.33 21.24 20.02 13.93 21.34
Dividend Yield		 0.63% 0.65% 0.60% 0.55% 0.99% 0.00% 0.00% 0.89% 1.78% 2.47% 1.05%
Earnings Yield		 3.66% 3.72% 3.66% 3.46% 3.36% 5.19% 3.30% 4.71% 4.99% 7.18% 4.69%
Enterprise Value to Invested Capital (EV/IC)		 2.10 1.98 2.15 2.13 2.19 1.66 2.73 1.96 1.93 0.98 1.30
Enterprise Value to Revenue (EV/Rev)		 9.78 9.95 9.67 11.35 11.53 7.97 11.45 9.16 9.69 7.82 8.70
Enterprise Value to EBITDA (EV/EBITDA)		 18.61 19.27 18.66 21.50 20.96 15.96 22.95 16.82 16.52 17.66 19.40
Enterprise Value to EBIT (EV/EBIT)		 20.06 20.87 20.31 23.25 22.64 17.26 24.39 17.99 17.64 19.82 22.32
Enterprise Value to NOPAT (EV/NOPAT)		 31.06 32.81 31.74 36.03 34.89 24.25 32.91 24.16 23.54 24.77 30.06
Enterprise Value to Operating Cash Flow (EV/OCF)		 28.26 22.78 11.78 68.34 41.99 36.89 11.64 16.08 24.48 15.21 17.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 22.86 122.94 0.00 0.00 0.00 19.35
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.96 1.24 1.02 1.57 1.14 1.01 0.82 0.90 1.08 1.02 0.85
Long-Term Debt to Equity		 0.61 0.60 0.71 0.79 0.64 0.54 0.54 0.62 0.70 0.84 0.68
Financial Leverage		 0.99 1.11 1.12 1.32 1.33 1.07 0.91 0.86 0.99 1.03 0.93
Leverage Ratio		 8.87 8.62 8.85 9.27 8.79 8.27 8.36 8.37 8.63 6.48 5.59
Compound Leverage Factor		 8.87 8.62 8.85 9.27 8.79 8.27 8.36 8.37 8.63 5.82 5.21
Debt to Total Capital		 49.00% 55.41% 50.61% 61.13% 53.38% 50.20% 45.00% 47.39% 51.87% 50.42% 45.85%
Short-Term Debt to Total Capital		 17.93% 28.66% 15.49% 30.30% 23.60% 23.25% 15.13% 14.80% 17.98% 8.62% 9.01%
Long-Term Debt to Total Capital		 31.07% 26.75% 35.12% 30.82% 29.77% 26.95% 29.87% 32.59% 33.89% 41.80% 36.84%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.09% 0.08% 0.09% 0.08% 0.09% 0.09% 0.10% 0.10% 0.09% 5.90% 5.94%
Common Equity to Total Capital		 50.91% 44.52% 49.30% 38.79% 46.54% 49.71% 54.90% 52.51% 48.04% 43.68% 48.21%
Debt to EBITDA		 4.35 5.38 4.40 6.17 5.10 4.83 3.79 4.07 4.45 9.11 6.86
Net Debt to EBITDA		 2.29 3.50 2.60 4.26 3.10 3.29 1.80 2.05 2.49 6.74 5.00
Long-Term Debt to EBITDA		 2.76 2.60 3.05 3.11 2.84 2.60 2.51 2.80 2.91 7.55 5.51
Debt to NOPAT		 7.26 9.17 7.48 10.35 8.49 7.34 5.43 5.85 6.34 12.78 10.64
Net Debt to NOPAT		 3.83 5.97 4.42 7.13 5.16 4.99 2.57 2.94 3.54 9.45 7.75
Long-Term Debt to NOPAT		 4.60 4.42 5.19 5.22 4.74 3.94 3.60 4.02 4.14 10.59 8.54
Noncontrolling Interest Sharing Ratio		 0.19% 0.17% 0.18% 0.19% 0.19% 0.18% 0.18% 0.18% 0.19% 8.71% 11.42%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,071 -4,042 -445 -11,647 -1,053 3,664 1,193 -3,992 -4,852 -109,559 12,482
Operating Cash Flow to CapEx		 1,273.89% 1,722.80% 3,025.90% 1,037.53% 1,135.33% 945.12% 5,221.43% 2,223.97% 1,104.80% 1,954.57% 1,800.70%
Free Cash Flow to Firm to Interest Expense		 -0.96 -0.80 -0.08 -1.80 -0.14 0.45 0.15 -0.52 -0.51 -5.95 0.58
Operating Cash Flow to Interest Expense		 0.41 0.51 1.01 0.22 0.34 0.28 1.56 0.99 0.62 0.67 0.66
Operating Cash Flow Less CapEx to Interest Expense		 0.38 0.48 0.98 0.20 0.31 0.25 1.53 0.95 0.56 0.63 0.62
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.06 0.06 0.05 0.05 0.06 0.05 0.05 0.06 0.05
Fixed Asset Turnover		 9.59 10.94 12.51 14.54 15.79 16.60 18.74 16.86 15.17 16.85 14.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 23,651 29,475 32,091 46,484 50,726 50,516 53,780 62,868 73,758 190,848 186,401
Invested Capital Turnover		 0.24 0.22 0.23 0.22 0.20 0.21 0.25 0.23 0.21 0.18 0.15
Increase / (Decrease) in Invested Capital		 5,668 5,824 2,616 14,394 4,242 -210 3,264 9,088 10,890 117,090 -4,446
Enterprise Value (EV)		 49,599 58,472 68,878 98,954 111,268 83,753 146,692 123,126 142,148 186,555 241,575
Market Capitalization		 43,463 47,819 59,250 79,321 94,773 66,464 135,163 108,062 120,703 104,099 168,246
Book Value per Share		 $5.02 $5.24 $6.26 $7.04 $9.10 $9.22 $5.39 $5.99 $6.39 $14.94 $11.83
Tangible Book Value per Share		 $4.52 $4.78 $5.80 $6.59 $8.68 $8.86 $5.20 $5.81 $6.23 $8.43 $7.21
Total Capital		 23,651 29,475 32,091 46,484 50,726 50,516 53,780 62,868 73,758 190,848 186,401
Total Debt		 11,589 16,331 16,240 28,415 27,077 25,360 24,201 29,792 38,257 96,221 85,466
Total Long-Term Debt		 7,349 7,884 11,271 14,328 15,103 13,616 16,062 20,487 24,996 79,779 68,666
Net Debt		 6,115 10,630 9,599 19,597 16,451 17,243 11,476 15,003 21,377 71,191 62,255
Capital Expenditures (CapEx)		 138 149 193 140 233 240 241 344 526 628 777
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 11,589 16,331 16,240 28,415 27,077 25,360 24,201 29,792 38,257 96,221 85,466
Total Depreciation and Amortization (D&A)		 193 233 299 346 393 394 378 477 543 1,147 1,631
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.33 $0.36 $0.43 $0.53 $0.60 $0.63 $0.81 $0.92 $1.08 $0.01 $0.01
Adjusted Weighted Average Basic Shares Outstanding		 8.00 8.00 10.00 13.00 14.00 4.00 5.00 5.00 6.00 7.60B 0.00
Adjusted Diluted Earnings per Share		 $0.33 $0.35 $0.42 $0.53 $0.59 $0.62 $0.80 $0.91 $1.07 $0.01 $0.01
Adjusted Weighted Average Diluted Shares Outstanding		 5.01B 5.06B 5.13B 5.19B 5.45B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.01B 5.06B 5.13B 5.19B 5.45B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B
Normalized Net Operating Profit after Tax (NOPAT)		 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 8,376 8,623
Normalized NOPAT Margin		 31.49% 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 35.13% 31.06%
Pre Tax Income Margin		 48.74% 47.68% 47.60% 48.81% 50.92% 46.21% 46.96% 50.93% 54.95% 35.50% 36.33%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.58 0.56 0.59 0.66 0.64 0.59 0.74 0.89 0.85 0.51 0.51
NOPAT to Interest Expense		 0.38 0.35 0.38 0.43 0.41 0.42 0.55 0.66 0.64 0.41 0.38
EBIT Less CapEx to Interest Expense		 0.55 0.53 0.56 0.64 0.61 0.56 0.71 0.84 0.80 0.48 0.47
NOPAT Less CapEx to Interest Expense		 0.34 0.32 0.34 0.40 0.38 0.39 0.52 0.62 0.58 0.38 0.34
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.40% 20.64% 20.80% 19.29% 18.60% 25.52% 0.05% 9.37% 17.41% 13.80% 23.02%
Augmented Payout Ratio		 20.12% 20.64% 20.80% 19.37% 18.60% 25.52% 0.05% 9.37% 17.41% 13.80% 23.02%

Quarterly Metrics And Ratios for HDFC Bank

No quarterly metrics and ratios for HDFC Bank are available.

Key Financial Trends

Analyzing HDFC Bank's balance sheet data for fiscal years 2022 through 2024 reveals several key trends in the company's financial position:

  • Total assets nearly doubled from approximately $278 billion in 2022 to about $529 billion in 2024, indicating strong growth and asset accumulation.
  • Loans held for sale increased significantly from about $185 billion in 2022 to over $316 billion in 2024, showing expansion in loan portfolio activities despite the net loans and leases remaining at zero.
  • Interest-bearing deposits grew from about $174 billion in 2022 to $248 billion in 2024, reflecting stronger funding and customer deposit growth.
  • Long-term debt rose considerably from roughly $20.5 billion in 2022 to about $79.8 billion in 2024, suggesting increased leverage for growth or investments.
  • Total common equity expanded from approximately $33 billion in 2022 to over $83 billion in 2024, evidencing improved capitalization and retaining of earnings.
  • The goodwill and intangible assets witnessed a large rise in 2024 compared to previous years, with goodwill jumping from under $1 billion range in 2022-2023 to nearly $19.6 billion and intangible assets reaching $16.8 billion, which could be linked to acquisitions or revaluations.
  • Noncontrolling interests increased from about $61 million in 2022 to over $11 billion in 2024, a noteworthy change that might affect consolidated equity considerations.
  • Accumulated other comprehensive loss remained negative each year, increasing in magnitude to about -$186 million in 2024, which may reflect unrealized losses on certain investments or foreign currency translation.
  • The sharp increase in total liabilities from $245 billion in 2022 to $435 billion in 2024, mainly driven by debt and deposit growth, implies greater financial risk and obligation levels.
  • Short-term debt more than doubled from about $9.3 billion in 2022 to $16.4 billion in 2024, which increases liquidity risk and interest expenses in the short term.

Overall, HDFC Bank has demonstrated robust growth in assets, deposits, and equity over the last three years, positioning itself for expansion. However, the significant increases in debt and liabilities, alongside higher goodwill and intangible assets, suggest the need for careful monitoring of leverage and the returns generated by acquisitions or asset revaluations.

08/24/25 12:20 PMAI Generated. May Contain Errors.

Frequently Asked Questions About HDFC Bank's Financials

When does HDFC Bank's financial year end?

According to the most recent income statement we have on file, HDFC Bank's fiscal year ends in March. Their fiscal year 2025 ended on March 31, 2025.

How has HDFC Bank's net income changed over the last 10 years?

HDFC Bank's net income appears to be on an upward trend, with a most recent value of $8.04 billion in 2025, rising from $1.60 billion in 2015. The previous period was $7.53 billion in 2024. Check out HDFC Bank's forecast to explore projected trends and price targets.

How has HDFC Bank's revenue changed over the last 10 years?

Over the last 10 years, HDFC Bank's total revenue changed from $5.07 billion in 2015 to $27.76 billion in 2025, a change of 447.4%.

How much debt does HDFC Bank have?

HDFC Bank's total liabilities were at $463.13 billion at the end of 2025, a 6.5% increase from 2024, and a 424.0% increase since 2015.

How much cash does HDFC Bank have?

In the past 10 years, HDFC Bank's cash and equivalents has ranged from $5.47 billion in 2015 to $25.03 billion in 2024, and is currently $23.21 billion as of their latest financial filing in 2025.

How has HDFC Bank's book value per share changed over the last 10 years?

Over the last 10 years, HDFC Bank's book value per share changed from 5.02 in 2015 to 11.83 in 2025, a change of 135.7%.


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This page (NYSE:HDB) was last updated on 8/24/2025 by MarketBeat.com Staff
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