HDFC Bank (HDB) Financials

$34.58 -0.33 (-0.95%)

Closing price 10/8/2025 03:59 PM Eastern

Extended Trading

$34.50 -0.08 (-0.23%)

As of 05:02 AM Eastern

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

No quarterly income statements for HDFC Bank are available.

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

No quarterly cash flow statements for HDFC Bank are available.

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

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

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%

No quarterly metrics and ratios for HDFC Bank are available.

Financials Breakdown Chart

Key Financial Trends

Analyzing HDFC Bank's balance sheet over the last three fiscal years up to Q4 2024 reveals significant growth and key financial changes worth noting for retail investors.

Total Assets nearly doubled from approximately $278 billion in FY 2022 to $529 billion in FY 2024, indicating strong expansion of the bank's asset base.
Loans Held for Sale increased substantially from about $185 billion in FY 2022 to over $316 billion in FY 2024, suggesting an aggressive growth in loan origination or portfolio size.
Interest Bearing Deposits rose from $174 billion in FY 2022 to $248 billion in FY 2024, reflecting increased customer deposit inflows which support lending and liquidity.
Non-Interest Bearing Deposits also increased from around $31 billion in FY 2022 to nearly $37 billion in FY 2024, indicating stable, low-cost funding sources.
Goodwill and Intangible Assets experienced a large jump in FY 2024, with goodwill climbing to almost $19.6 billion and intangible assets to $16.8 billion, possibly due to acquisitions or revaluation; investors should monitor the quality and impairment risk of such assets.
Separate Account Business Assets and Liabilities appeared in FY 2024 with balances of about $11.5 billion, signifying newly reported business activities or accounting reclassifications.
Total Common Equity increased significantly to $83.4 billion in FY 2024 from $33.0 billion in FY 2022, driven by higher retained earnings and equity issuances, supporting stronger capital adequacy.
Long-Term Debt surged from about $20.5 billion in FY 2022 to nearly $80 billion in FY 2024, which could increase financial leverage and interest expense risks.
Accumulated Other Comprehensive Income showed a larger negative balance in FY 2024, at approximately -$186 million, compared to smaller negative values in prior years, which might impact equity negatively.
Treasury Stock emerged as a negative balance of around $202 million in FY 2024, possibly reflecting share buybacks or cancellations.

Overall, HDFC Bank displays strong asset growth and capital improvements in recent years, supported by increasing deposits and equity. However, the significant rise in long-term debt and large goodwill/intangible asset balances warrant close monitoring for potential risks. Retail investors should consider these factors along with other operational metrics before making investment decisions.

10/09/25 03:19 AM ETAI 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. Find out what analysts predict for HDFC Bank in the coming months.

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 10/9/2025 by MarketBeat.com Staff

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HDFC Bank (HDB) Financials

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HDFC Bank (HDB) Financials

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