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HDFC Bank (HDB) Financials

HDFC Bank logo
$77.00 +0.23 (+0.30%)
Closing price 08/1/2025 03:59 PM Eastern
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$77.04 +0.05 (+0.06%)
As of 08:24 AM Eastern
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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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 3/31/2014 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
Net Income / (Loss) Attributable to Common Shareholders		 1,322 1,593 1,780 2,167 2,742 3,183 3,452 4,457 5,088 6,028 7,471
Consolidated Net Income / (Loss)		 1,324 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531
Net Income / (Loss) Continuing Operations		 1,324 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531
Total Pre-Tax Income 		2,029 2,472 2,801 3,392 4,256 4,916 4,853 6,013 6,843 8,059 8,465
Total Revenue		 4,390 5,071 5,875 7,126 8,720 9,653 10,502 12,806 13,436 14,666 23,841
Net Interest Income / (Expense)		 3,210 3,790 4,413 5,425 6,499 7,338 7,873 9,348 9,870 11,120 14,975
Total Interest Income		 7,037 8,037 9,440 11,188 12,954 15,062 16,076 17,446 17,571 20,556 33,380
Loans and Leases Interest Income		 5,446 6,231 7,107 8,523 10,251 11,968 13,023 13,905 13,944 16,447 26,332
Investment Securities Interest Income		 1,292 1,511 2,054 2,384 2,430 2,762 2,631 3,099 3,176 3,742 6,241
Other Interest Income		 201 213 195 204 211 205 324 395 430 367 807
Total Interest Expense		 3,827 4,247 5,027 5,763 6,455 7,724 8,203 8,098 7,701 9,436 18,406
Deposits Interest Expense		 3,126 3,648 4,283 4,751 5,018 5,929 6,737 6,853 6,445 7,484 11,968
Short-Term Borrowings Interest Expense		 301 111 246 336 399 565 361 171 233 707 1,202
Long-Term Debt Interest Expense		 400 481 495 675 1,034 1,230 1,104 1,071 1,021 1,236 5,190
Other Interest Expense		 0.22 6.36 3.41 1.19 4.53 0.69 1.98 1.74 2.05 8.50 46
Total Non-Interest Income		 1,181 1,281 1,462 1,701 2,221 2,315 2,629 3,459 3,566 3,545 8,866
Other Service Charges		 1,016 1,155 1,280 1,461 1,859 2,071 2,140 2,379 2,797 3,051 7,948
Net Realized & Unrealized Capital Gains on Investments		 176 126 182 241 362 260 610 1,120 731 495 918
Other Non-Interest Income		 -11 -0.03 -0.83 - - -16 -121 -40 38 -0.86 0.85
Provision for Credit Losses		 290 273 325 585 912 1,045 1,560 2,109 1,674 903 1,597
Total Non-Interest Expense		 2,070 2,327 2,748 3,149 3,552 3,693 4,089 4,684 4,920 5,704 12,830
Salaries and Employee Benefits		 959 1,074 1,297 1,429 1,513 1,513 1,731 1,965 2,179 2,430 3,465
Net Occupancy & Equipment Expense		 312 329 364 432 458 427 418 489 478 548 782
Other Operating Expenses		 657 809 975 1,151 1,433 1,575 1,770 2,040 2,042 2,439 7,955
Depreciation Expense		 116 111 112 137 149 177 170 190 222 286 374
Amortization Expense		 26 3.51 0.11 0.05 0.02 0.01 - - 0.00 0.00 254
Other Special Charges		 - - - - - - - - - 0.00 950
Income Tax Expense		 705 875 1,019 1,222 1,509 1,726 1,399 1,556 1,747 2,021 934
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.11 4.29 2.03 3.25 4.90 6.68 1.25 0.40 7.94 9.95 60
Basic Earnings per Share		 $33.18 $40.94 $46.84 $55.23 $0.53 $41.07 $47.59 $59.27 $0.92 $1.08 $0.01
Weighted Average Basic Shares Outstanding		 198.36 244.47 279.51 329.40 3.17 245.19 284.58 354.87 5.50 5.58B 7.60B
Diluted Earnings per Share		 $32.94 $40.55 $46.33 $54.57 $0.52 $40.66 $47.27 $59.02 $0.91 $1.08 $0.01
Weighted Average Diluted Shares Outstanding		 2.40B 2.51B 2.53B 2.56B 2.60B 2.72B 5.48B 5.51B 5.55B 5.58B 7.60B
Weighted Average Basic & Diluted Shares Outstanding		 2.40B 2.51B 2.53B 2.56B 2.60B 2.72B 5.48B 5.51B 5.55B 5.58B 7.60B
Cash Dividends to Common per Share		 $6.85 $8.00 $9.50 $11.00 $0.10 $7.50 $2.50 $6.50 $0.20 $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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 3/31/2014 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
Net Change in Cash & Equivalents		 2,535 -477 552 818 2,203 2,324 -1,630 4,358 2,522 3,229 8,383
Net Cash From Operating Activities		 2,119 1,755 2,567 5,848 1,448 2,650 2,271 12,603 7,658 5,806 12,267
Net Cash From Continuing Operating Activities		 2,119 1,755 2,567 5,848 1,448 2,634 2,271 12,563 7,658 5,806 12,267
Net Income / (Loss) Continuing Operations		 1,324 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531
Consolidated Net Income / (Loss)		 1,324 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531
Provision For Loan Losses		 290 273 325 585 912 1,045 1,560 2,109 1,674 903 1,597
Depreciation Expense		 116 111 112 137 149 177 170 190 222 286 374
Amortization Expense		 68 82 120 162 197 216 224 189 256 257 773
Non-Cash Adjustments to Reconcile Net Income		 -87 0.89 93 -93 -197 -168 -77 -839 -365 226 -423
Changes in Operating Assets and Liabilities, net		 407 -309 135 2,887 -2,359 -1,826 -3,060 6,458 776 -1,904 2,416
Net Cash From Investing Activities		 -12,948 -18,803 -17,281 -24,336 -31,459 -22,224 -28,525 -34,470 -43,526 -53,447 -44,067
Net Cash From Continuing Investing Activities		 -12,948 -18,803 -17,281 -24,336 -31,459 -22,224 -28,525 -34,470 -43,526 -53,447 -44,067
Purchase of Property, Leasehold Improvements and Equipment		 -162 -143 -151 -195 -141 -236 -243 -243 -347 -531 -646
Purchase of Investment Securities		 -23,382 -32,611 -62,945 -66,778 -46,290 -52,569 -56,896 -66,358 -57,305 -69,584 -90,354
Sale of Property, Leasehold Improvements and Equipment		 2.12 5.28 1.68 1.45 1.46 3.07 2.42 2.09 2.62 5.19 18
Divestitures		 - - - - - - - - 0.00 0.00 657
Sale and/or Maturity of Investments		 10,214 13,841 45,495 42,360 15,105 30,225 28,531 32,072 18,952 16,663 50,494
Other Investing Activities, net		 380 104 318 275 -135 353 80 57 -4,828 - -4,236
Net Cash From Financing Activities		 13,241 16,513 15,214 19,337 32,207 21,942 24,483 26,229 38,383 50,784 40,165
Net Cash From Continuing Financing Activities		 13,241 16,513 15,214 19,337 32,207 21,942 24,483 26,229 38,383 50,784 40,165
Net Change in Deposits		 11,815 13,239 14,052 15,107 22,225 19,258 29,367 25,742 29,488 39,236 40,415
Issuance of Debt		 2,439 1,673 2,543 5,167 6,535 4,628 3,609 6,590 9,528 12,446 13,868
Repayment of Debt		 -843 197 -1,198 -838 3,554 -5,087 -7,863 -6,348 -509 -272 -14,135
Payment of Dividends		 -256 -310 -368 -452 -530 -593 -881 -2.28 -478 -1,051 -1,039
Other Financing Activities, Net		 121 160 185 349 424 318 245 241 353 10 1,057
Effect of Exchange Rate Changes		 123 58 51 -31 7.36 -44 141 -3.58 6.47 86 18
Cash Interest Paid		 4,334 4,167 4,899 5,712 6,133 7,524 8,194 8,127 7,643 9,070 16,892
Cash Income Taxes Paid		 702 906 1,067 1,185 1,537 1,726 1,380 1,780 1,956 1,991 2,397

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 3/31/2014 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
Total Assets		 85,423 100,450 116,781 139,815 174,586 192,020 211,724 245,827 278,288 313,367 529,381
Cash and Due from Banks		 6,181 5,475 5,701 6,642 8,818 10,626 8,117 12,725 14,789 16,880 25,030
Trading Account Securities		 17,187 25,153 29,458 33,874 46,674 43,017 52,543 63,510 63,461 66,553 105,482
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
Loans Held for Sale		 53,094 62,528 74,498 91,140 111,560 129,601 138,281 159,970 185,012 207,482 316,003
Premises and Equipment, Net		 523 535 539 601 598 624 641 726 868 1,065 1,764
Separate Account Business Assets		 - - - - - - - - - 0.00 11,464
Goodwill		 1,249 1,203 1,131 1,156 1,151 1,084 994 1,025 988 912 19,553
Intangible Assets		 3.85 0.19 0.08 0.03 0.02 - - - - 0.00 16,752
Other Assets		 7,186 5,556 5,455 6,402 5,784 7,067 11,147 7,872 13,170 20,475 33,332
Total Liabilities & Shareholders' Equity		 85,423 100,450 116,781 139,815 174,586 192,020 211,724 245,827 278,288 313,367 529,381
Total Liabilities		 76,540 88,388 103,637 123,964 156,517 168,370 186,568 216,248 245,212 277,866 434,754
Non-Interest Bearing Deposits		 10,214 11,764 13,320 17,790 18,278 20,537 22,968 28,859 31,396 33,206 36,955
Interest Bearing Deposits		 50,953 60,483 69,063 81,382 102,805 112,850 129,069 153,493 173,955 195,857 248,241
Short-Term Debt		 2,513 4,240 8,447 4,969 14,087 11,973 11,744 8,140 9,306 13,261 16,442
Accrued Interest Payable		 462 525 622 686 1,006 1,148 1,062 1,066 1,086 1,368 2,863
Long-Term Debt		 6,587 7,349 7,884 11,271 14,328 15,103 13,616 16,062 20,487 24,996 79,779
Separate Account Business Liabilities		 - - - - - - - - - 0.00 11,464
Other Long-Term Liabilities		 5,811 4,027 4,301 7,866 6,012 6,759 8,109 8,629 8,982 9,178 39,009
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		 8,883 12,062 13,144 15,850 18,069 23,650 25,156 29,579 33,076 35,501 94,627
Total Preferred & Common Equity		 8,865 12,041 13,122 15,822 18,034 23,606 25,111 29,527 33,015 35,433 83,361
Total Common Equity		 8,865 12,041 13,122 15,822 18,034 23,606 25,111 29,527 33,015 35,433 83,361
Common Stock		 4,608 6,299 6,299 6,906 7,399 10,775 10,232 10,934 11,074 10,816 52,222
Retained Earnings		 4,450 5,568 6,649 8,515 10,693 12,660 14,185 18,221 22,176 25,447 31,528
Treasury Stock		 - - - - - - - - - 0.00 -202
Accumulated Other Comprehensive Income / (Loss)		 -193 174 174 401 -58 171 694 372 -235 -831 -186
Noncontrolling Interest		 18 21 22 28 36 44 45 52 61 69 11,265

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 3/31/2014 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.69% 15.52% 15.84% 21.30% 22.37% 10.70% 8.79% 21.94% 4.92% 9.15% 62.56%
EBITDA Growth		 16.24% 20.38% 13.85% 21.66% 24.68% 15.36% -1.18% 21.83% 14.53% 17.51% 22.78%
EBIT Growth		 20.28% 21.82% 13.33% 21.08% 25.47% 15.50% -1.28% 23.92% 13.79% 17.78% 16.82%
NOPAT Growth		 16.18% 20.60% 11.58% 21.80% 26.56% 16.11% 8.29% 29.06% 14.32% 18.49% 24.73%
Net Income Growth		 16.18% 20.60% 11.58% 21.80% 26.56% 16.11% 8.29% 29.06% 14.32% 18.49% 24.73%
EPS Growth		 27.13% 23.10% 14.25% 17.79% 26.56% 16.11% 16.26% 24.86% -98.45% 17.99% -98.83%
Operating Cash Flow Growth		 61.56% -17.18% 46.27% 127.82% -75.24% 83.02% -14.32% 455.05% -39.24% -24.18% 111.28%
Free Cash Flow Firm Growth		 185.78% -206.72% 0.70% 88.98% -2,515.25% 90.96% 448.03% -67.43% -434.58% -21.54% -2,158.03%
Invested Capital Growth		 -12.16% 31.52% 24.63% 8.87% 44.85% 9.13% -0.41% 6.46% 16.90% 17.32% 158.75%
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		 50.43% 52.55% 51.64% 51.80% 52.77% 55.00% 49.95% 49.91% 54.48% 58.65% 44.30%
EBIT Margin		 46.22% 48.74% 47.68% 47.60% 48.81% 50.92% 46.21% 46.96% 50.93% 54.95% 39.49%
Profit (Net Income) Margin		 30.16% 31.49% 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 31.59%
Tax Burden Percent		 65.25% 64.60% 63.61% 63.98% 64.54% 64.88% 71.17% 74.12% 74.47% 74.92% 88.97%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 89.91%
Effective Tax Rate		 34.75% 35.40% 36.39% 36.02% 35.46% 35.12% 28.83% 25.88% 25.53% 25.08% 11.03%
Return on Invested Capital (ROIC)		 6.89% 7.67% 6.71% 7.05% 6.99% 6.56% 6.82% 8.55% 8.74% 8.84% 5.69%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.89% 7.67% 6.71% 7.05% 6.99% 6.56% 6.82% 8.55% 8.74% 8.84% 5.69%
Return on Net Nonoperating Assets (RNNOA)		 8.24% 7.58% 7.43% 7.92% 9.20% 8.73% 7.33% 7.74% 7.53% 8.77% 5.88%
Return on Equity (ROE)		 15.12% 15.25% 14.14% 14.97% 16.19% 15.29% 14.15% 16.29% 16.27% 17.61% 11.57%
Cash Return on Invested Capital (CROIC)		 19.84% -19.56% -15.22% -1.45% -29.65% -2.17% 7.24% 2.29% -6.84% -7.10% -82.81%
Operating Return on Assets (OROA)		 2.45% 2.66% 2.58% 2.64% 2.71% 2.68% 2.40% 2.63% 2.61% 2.72% 2.23%
Return on Assets (ROA)		 1.60% 1.72% 1.64% 1.69% 1.75% 1.74% 1.71% 1.95% 1.94% 2.04% 1.79%
Return on Common Equity (ROCE)		 15.08% 15.22% 14.11% 14.94% 16.16% 15.26% 14.13% 16.26% 16.24% 17.58% 10.57%
Return on Equity Simple (ROE_SIMPLE)		 14.94% 13.26% 13.58% 13.72% 15.23% 13.51% 13.75% 15.10% 15.43% 17.04% 9.03%
Net Operating Profit after Tax (NOPAT)		 1,324 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531
NOPAT Margin		 30.16% 31.49% 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 31.59%
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		 28.96% 27.66% 28.27% 26.12% 22.60% 20.10% 20.47% 19.17% 19.77% 20.31% 17.81%
Operating Expenses to Revenue		 47.16% 45.88% 46.78% 44.19% 40.73% 38.25% 38.94% 36.58% 36.62% 38.89% 53.81%
Earnings before Interest and Taxes (EBIT)		 2,029 2,472 2,801 3,392 4,256 4,916 4,853 6,013 6,843 8,059 9,415
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,214 2,665 3,034 3,691 4,602 5,309 5,246 6,392 7,320 8,602 10,562
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.36 3.61 3.64 3.74 4.40 4.01 2.65 4.58 3.27 3.41 1.25
Price to Tangible Book Value (P/TBV)		 3.92 4.01 3.99 4.04 4.70 4.21 2.76 4.74 3.37 3.50 2.21
Price to Revenue (P/Rev)		 6.79 8.57 8.14 8.31 9.10 9.82 6.33 10.55 8.04 8.23 4.37
Price to Earnings (P/E)		 22.55 27.29 26.87 27.34 28.93 29.78 19.25 30.33 21.24 20.02 13.93
Dividend Yield		 1.44% 0.63% 0.65% 0.60% 0.55% 0.99% 0.00% 0.00% 0.89% 1.78% 2.47%
Earnings Yield		 4.43% 3.66% 3.72% 3.66% 3.46% 3.36% 5.19% 3.30% 4.71% 4.99% 7.18%
Enterprise Value to Invested Capital (EV/IC)		 1.82 2.10 1.98 2.15 2.13 2.19 1.66 2.73 1.96 1.93 0.98
Enterprise Value to Revenue (EV/Rev)		 7.46 9.78 9.95 9.67 11.35 11.53 7.97 11.45 9.16 9.69 7.82
Enterprise Value to EBITDA (EV/EBITDA)		 14.79 18.61 19.27 18.66 21.50 20.96 15.96 22.95 16.82 16.52 17.66
Enterprise Value to EBIT (EV/EBIT)		 16.14 20.06 20.87 20.31 23.25 22.64 17.26 24.39 17.99 17.64 19.82
Enterprise Value to NOPAT (EV/NOPAT)		 24.73 31.06 32.81 31.74 36.03 34.89 24.25 32.91 24.16 23.54 24.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.45 28.26 22.78 11.78 68.34 41.99 36.89 11.64 16.08 24.48 15.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.59 0.00 0.00 0.00 0.00 0.00 22.86 122.94 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.02 0.96 1.24 1.02 1.57 1.14 1.01 0.82 0.90 1.08 1.02
Long-Term Debt to Equity		 0.74 0.61 0.60 0.71 0.79 0.64 0.54 0.54 0.62 0.70 0.84
Financial Leverage		 1.20 0.99 1.11 1.12 1.32 1.33 1.07 0.91 0.86 0.99 1.03
Leverage Ratio		 9.46 8.87 8.62 8.85 9.27 8.79 8.27 8.36 8.37 8.63 6.48
Compound Leverage Factor		 9.46 8.87 8.62 8.85 9.27 8.79 8.27 8.36 8.37 8.63 5.82
Debt to Total Capital		 50.60% 49.00% 55.41% 50.61% 61.13% 53.38% 50.20% 45.00% 47.39% 51.87% 50.42%
Short-Term Debt to Total Capital		 13.97% 17.93% 28.66% 15.49% 30.30% 23.60% 23.25% 15.13% 14.80% 17.98% 8.62%
Long-Term Debt to Total Capital		 36.63% 31.07% 26.75% 35.12% 30.82% 29.77% 26.95% 29.87% 32.59% 33.89% 41.80%
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		 0.10% 0.09% 0.08% 0.09% 0.08% 0.09% 0.09% 0.10% 0.10% 0.09% 5.90%
Common Equity to Total Capital		 49.30% 50.91% 44.52% 49.30% 38.79% 46.54% 49.71% 54.90% 52.51% 48.04% 43.68%
Debt to EBITDA		 4.11 4.35 5.38 4.40 6.17 5.10 4.83 3.79 4.07 4.45 9.11
Net Debt to EBITDA		 1.32 2.29 3.50 2.60 4.26 3.10 3.29 1.80 2.05 2.49 6.74
Long-Term Debt to EBITDA		 2.98 2.76 2.60 3.05 3.11 2.84 2.60 2.51 2.80 2.91 7.55
Debt to NOPAT		 6.87 7.26 9.17 7.48 10.35 8.49 7.34 5.43 5.85 6.34 12.78
Net Debt to NOPAT		 2.20 3.83 5.97 4.42 7.13 5.16 4.99 2.57 2.94 3.54 9.45
Long-Term Debt to NOPAT		 4.97 4.60 4.42 5.19 5.22 4.74 3.94 3.60 4.02 4.14 10.59
Noncontrolling Interest Sharing Ratio		 0.30% 0.19% 0.17% 0.18% 0.19% 0.19% 0.18% 0.18% 0.18% 0.19% 8.71%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 3,815 -4,071 -4,042 -445 -11,647 -1,053 3,664 1,193 -3,992 -4,852 -109,559
Operating Cash Flow to CapEx		 1,324.33% 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%
Free Cash Flow to Firm to Interest Expense		 1.00 -0.96 -0.80 -0.08 -1.80 -0.14 0.45 0.15 -0.52 -0.51 -5.95
Operating Cash Flow to Interest Expense		 0.55 0.41 0.51 1.01 0.22 0.34 0.28 1.56 0.99 0.62 0.67
Operating Cash Flow Less CapEx to Interest Expense		 0.51 0.38 0.48 0.98 0.20 0.31 0.25 1.53 0.95 0.56 0.63
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.06 0.06 0.05 0.05 0.06 0.05 0.05 0.06
Fixed Asset Turnover		 8.33 9.59 10.94 12.51 14.54 15.79 16.60 18.74 16.86 15.17 16.85
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 17,983 23,651 29,475 32,091 46,484 50,726 50,516 53,780 62,868 73,758 190,848
Invested Capital Turnover		 0.23 0.24 0.22 0.23 0.22 0.20 0.21 0.25 0.23 0.21 0.18
Increase / (Decrease) in Invested Capital		 -2,490 5,668 5,824 2,616 14,394 4,242 -210 3,264 9,088 10,890 117,090
Enterprise Value (EV)		 32,749 49,599 58,472 68,878 98,954 111,268 83,753 146,692 123,126 142,148 186,555
Market Capitalization		 29,812 43,463 47,819 59,250 79,321 94,773 66,464 135,163 108,062 120,703 104,099
Book Value per Share		 $3.73 $5.02 $5.24 $6.26 $7.04 $9.10 $9.22 $5.39 $5.99 $6.39 $14.94
Tangible Book Value per Share		 $3.20 $4.52 $4.78 $5.80 $6.59 $8.68 $8.86 $5.20 $5.81 $6.23 $8.43
Total Capital		 17,983 23,651 29,475 32,091 46,484 50,726 50,516 53,780 62,868 73,758 190,848
Total Debt		 9,100 11,589 16,331 16,240 28,415 27,077 25,360 24,201 29,792 38,257 96,221
Total Long-Term Debt		 6,587 7,349 7,884 11,271 14,328 15,103 13,616 16,062 20,487 24,996 79,779
Net Debt		 2,919 6,115 10,630 9,599 19,597 16,451 17,243 11,476 15,003 21,377 71,191
Capital Expenditures (CapEx)		 160 138 149 193 140 233 240 241 344 526 628
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)		 9,100 11,589 16,331 16,240 28,415 27,077 25,360 24,201 29,792 38,257 96,221
Total Depreciation and Amortization (D&A)		 185 193 233 299 346 393 394 378 477 543 1,147
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.28 $0.33 $0.36 $0.43 $0.53 $0.60 $0.63 $0.81 $0.92 $1.08 $0.01
Adjusted Weighted Average Basic Shares Outstanding		 7.00 8.00 8.00 10.00 13.00 14.00 4.00 5.00 5.00 6.00 7.60B
Adjusted Diluted Earnings per Share		 $0.27 $0.33 $0.35 $0.42 $0.53 $0.59 $0.62 $0.80 $0.91 $1.07 $0.01
Adjusted Weighted Average Diluted Shares Outstanding		 4.80B 5.01B 5.06B 5.13B 5.19B 5.45B 5.48B 5.51B 5.55B 5.58B 7.60B
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		 4.80B 5.01B 5.06B 5.13B 5.19B 5.45B 5.48B 5.51B 5.55B 5.58B 7.60B
Normalized Net Operating Profit after Tax (NOPAT)		 1,324 1,597 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 8,376
Normalized NOPAT Margin		 30.16% 31.49% 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 35.13%
Pre Tax Income Margin		 46.22% 48.74% 47.68% 47.60% 48.81% 50.92% 46.21% 46.96% 50.93% 54.95% 35.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.53 0.58 0.56 0.59 0.66 0.64 0.59 0.74 0.89 0.85 0.51
NOPAT to Interest Expense		 0.35 0.38 0.35 0.38 0.43 0.41 0.42 0.55 0.66 0.64 0.41
EBIT Less CapEx to Interest Expense		 0.49 0.55 0.53 0.56 0.64 0.61 0.56 0.71 0.84 0.80 0.48
NOPAT Less CapEx to Interest Expense		 0.30 0.34 0.32 0.34 0.40 0.38 0.39 0.52 0.62 0.58 0.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.35% 19.40% 20.64% 20.80% 19.29% 18.60% 25.52% 0.05% 9.37% 17.41% 13.80%
Augmented Payout Ratio		 22.20% 20.12% 20.64% 20.80% 19.37% 18.60% 25.52% 0.05% 9.37% 17.41% 13.80%

Quarterly Metrics And Ratios for HDFC Bank

No quarterly metrics and ratios for HDFC Bank are available.

Key Financial Trends

HDFC Bank has demonstrated significant growth in its financial position over the last three fiscal years ending in March 2024. Analysis of the balance sheet trends highlights several key points to consider for investors:

  • Total assets increased substantially from approximately $278.3 billion in FY 2022 to $529.4 billion in FY 2024, showcasing strong expansion in the bank's asset base.
  • Loans held for sale expanded markedly, reaching $316.0 billion in FY 2024 from $185.0 billion in FY 2022, indicating growth in loan portfolio and potential income generation.
  • Interest-bearing deposits grew from $174.0 billion in FY 2022 to $248.2 billion in FY 2024, reflecting increased customer deposits that can fund lending and investments.
  • Long-term debt rose from $20.5 billion in FY 2022 to $79.8 billion in FY 2024, possibly supporting strategic investments and growth initiatives.
  • Common stock value increased significantly to $52.2 billion in FY 2024 from $11.1 billion in FY 2022, likely due to equity raises or stock revaluations.
  • Retained earnings grew from $22.2 billion in FY 2022 to $31.5 billion in FY 2024, indicating accumulated profits and financial strength.
  • Goodwill and intangible assets increased dramatically in FY 2024 ($19.6 billion and $16.8 billion respectively) compared to previous years, which may be related to acquisitions or accounting adjustments and require monitoring.
  • The bank reported negative accumulated other comprehensive income (AOCI) across the years, which slightly increased in FY 2024 to about -$186 million, showing some unrealized losses on certain investments or currency translations.
  • Short-term debt increased to $16.4 billion in FY 2024 from $9.3 billion in FY 2022, which could imply higher short-term obligations and potential liquidity risks if not managed.
  • Total liabilities more than doubled from $245.2 billion in FY 2022 to $434.8 billion in FY 2024, reflecting higher leverage that investors should watch for potential risk exposure.

Overall, HDFC Bank exhibits robust growth with expanding assets, deposits, and equity base, supported by increased borrowings that are fueling its expansion. The rise in intangible assets and goodwill in FY 2024 suggests acquisition activity or significant capital investments, which may impact future earnings. Investors should balance the positive growth trends against rising liabilities and short-term debt levels when evaluating the bank’s financial health.

08/04/25 07:40 AMAI 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 2024 ended on March 31, 2024.

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 $7.53 billion in 2024, rising from $1.32 billion in 2014. The previous period was $6.04 billion in 2023. See where experts think HDFC Bank is headed by visiting HDFC Bank's forecast page.

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

Over the last 10 years, HDFC Bank's total revenue changed from $4.39 billion in 2014 to $23.84 billion in 2024, a change of 443.1%.

How much debt does HDFC Bank have?

HDFC Bank's total liabilities were at $434.75 billion at the end of 2024, a 56.5% increase from 2023, and a 468.0% increase since 2014.

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 $25.03 billion as of their latest financial filing in 2024.

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 3.73 in 2014 to 14.94 in 2024, a change of 301.0%.


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This page (NYSE:HDB) was last updated on 8/4/2025 by MarketBeat.com Staff
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