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HDFC Bank (HDB) Financials

HDFC Bank logo
$23.60 -0.17 (-0.71%)
Closing price 08/7/2026 03:59 PM Eastern
Extended Trading
$23.70 +0.10 (+0.42%)
As of 08/7/2026 07:58 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 Massive. 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,780 2,167 2,742 3,183 3,452 4,457 5,088 6,028 7,471 7,884 7,511
Consolidated Net Income / (Loss)		 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036 7,749
Net Income / (Loss) Continuing Operations		 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036 7,749
Total Pre-Tax Income 		2,801 3,392 4,256 4,916 4,853 6,013 6,843 8,059 8,465 10,085 10,008
Total Revenue		 5,875 7,126 8,720 9,653 10,502 12,806 13,436 14,666 23,841 27,760 26,597
Net Interest Income / (Expense)		 4,413 5,425 6,499 7,338 7,873 9,348 9,870 11,120 14,975 16,440 15,984
Total Interest Income		 9,440 11,188 12,954 15,062 16,076 17,446 17,571 20,556 33,380 37,785 35,812
Loans and Leases Interest Income		 7,107 8,523 10,251 11,968 13,023 13,905 13,944 16,447 26,332 29,340 27,116
Investment Securities Interest Income		 2,054 2,384 2,430 2,762 2,631 3,099 3,176 3,706 6,198 7,318 7,589
Other Interest Income		 195 204 211 205 324 395 430 367 807 993 898
Total Interest Expense		 5,027 5,763 6,455 7,724 8,203 8,098 7,701 9,436 18,406 21,345 19,828
Deposits Interest Expense		 4,283 4,751 5,018 5,929 6,737 6,853 6,445 7,484 11,968 14,690 14,742
Short-Term Borrowings Interest Expense		 246 336 399 565 361 171 233 707 1,202 1,102 992
Long-Term Debt Interest Expense		 495 675 1,034 1,230 1,104 1,071 1,021 1,236 5,190 5,520 3,997
Other Interest Expense		 3.41 1.19 4.53 0.69 1.98 1.74 2.05 8.50 46 33 97
Total Non-Interest Income		 1,462 1,701 2,221 2,315 2,629 3,459 3,566 3,545 8,866 11,319 10,613
Other Service Charges		 1,280 1,461 1,859 2,071 2,140 2,379 2,797 3,051 7,948 9,841 9,773
Net Realized & Unrealized Capital Gains on Investments		 182 241 362 260 610 1,120 731 495 918 1,478 840
Provision for Credit Losses		 325 585 912 1,045 1,560 2,109 1,674 903 1,597 2,123 1,793
Total Non-Interest Expense		 2,748 3,149 3,552 3,693 4,089 4,684 4,920 5,704 12,830 14,815 14,404
Salaries and Employee Benefits		 1,297 1,429 1,513 1,513 1,731 1,965 2,179 2,430 3,465 3,503 3,395
Net Occupancy & Equipment Expense		 364 432 458 427 418 489 478 548 782 910 970
Other Operating Expenses		 975 1,151 1,433 1,575 1,770 2,040 2,042 2,439 7,955 9,664 9,379
Depreciation Expense		 112 137 149 177 170 190 222 286 374 442 439
Amortization Expense		 0.11 0.05 0.02 0.01 - - 0.00 0.00 254 295 220
Other Special Charges		 - - - - - - - 0.00 950 737 392
Income Tax Expense		 1,019 1,222 1,509 1,726 1,399 1,556 1,747 2,021 934 2,049 2,259
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.03 3.25 4.90 6.68 1.25 0.40 7.94 9.95 60 152 238
Basic Earnings per Share		 $46.84 $55.23 $0.53 $41.07 $47.59 $59.27 $0.92 $1.08 $0.53 $0.53 $0.01
Weighted Average Basic Shares Outstanding		 279.51 329.40 3.17 245.19 284.58 354.87 5.50 6.49 3.19 3.15 0.03
Diluted Earnings per Share		 $46.33 $54.57 $0.52 $40.66 $47.27 $59.02 $0.91 $1.08 $0.53 $0.52 $0.01
Weighted Average Diluted Shares Outstanding		 2.53B 2.56B 2.60B 2.72B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B 15.39B
Weighted Average Basic & Diluted Shares Outstanding		 2.53B 2.56B 2.60B 2.72B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B 15.39B
Cash Dividends to Common per Share		 $9.50 $11.00 $0.10 $7.50 $2.50 $6.50 $0.20 $0.23 $0.12 $0.13 $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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
Net Change in Cash & Equivalents		 552 818 2,203 2,324 -1,630 4,358 2,522 3,229 8,383 -1,207 6,021
Net Cash From Operating Activities		 2,567 5,848 1,448 2,650 2,271 12,603 7,658 5,806 12,267 13,995 11,921
Net Cash From Continuing Operating Activities		 2,567 5,848 1,448 2,634 2,271 12,563 7,658 5,806 12,267 13,995 11,921
Net Income / (Loss) Continuing Operations		 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036 7,749
Consolidated Net Income / (Loss)		 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036 7,749
Provision For Loan Losses		 325 585 912 1,045 1,560 2,109 1,674 903 1,597 2,123 1,793
Depreciation Expense		 112 137 149 177 170 190 222 286 374 442 439
Amortization Expense		 120 162 197 216 224 189 256 257 773 1,189 1,313
Non-Cash Adjustments to Reconcile Net Income		 93 -93 -197 -168 -77 -839 -365 226 -423 232 47
Changes in Operating Assets and Liabilities, net		 135 2,887 -2,359 -1,826 -3,060 6,458 776 -1,904 2,416 1,973 580
Net Cash From Investing Activities		 -17,281 -24,336 -31,459 -22,224 -28,525 -34,470 -43,526 -53,447 -44,067 -43,498 -38,124
Net Cash From Continuing Investing Activities		 -17,281 -24,336 -31,459 -22,224 -28,525 -34,470 -43,526 -53,452 -44,067 -43,498 -38,124
Purchase of Property, Leasehold Improvements and Equipment		 -151 -195 -141 -236 -243 -243 -347 -531 -646 -777 -563
Purchase of Investment Securities		 -62,945 -66,778 -46,290 -52,569 -56,896 -66,358 -57,305 -60,670 -90,354 -84,253 -79,567
Sale of Property, Leasehold Improvements and Equipment		 1.68 1.45 1.46 3.07 2.42 2.09 2.62 - 18 11 53
Divestitures		 - - - - - - 0.00 0.00 657 0.00 0.00
Sale and/or Maturity of Investments		 45,495 42,360 15,105 30,225 28,531 32,072 18,952 16,663 44,257 40,315 41,953
Net Cash From Financing Activities		 15,214 19,337 32,207 21,942 24,483 26,229 38,383 50,784 40,165 28,320 31,679
Net Cash From Continuing Financing Activities		 15,214 19,337 32,207 21,942 24,483 26,229 38,383 50,784 40,165 28,320 31,679
Net Change in Deposits		 14,052 15,107 22,225 19,258 29,367 25,742 29,488 39,236 40,415 38,900 40,875
Issuance of Debt		 2,543 5,167 6,535 4,628 3,609 6,590 9,528 12,446 13,868 7,740 9,173
Repayment of Debt		 -1,198 -838 3,554 -5,087 -7,863 -6,348 -509 -272 -14,135 -17,284 -17,945
Payment of Dividends		 -368 -452 -530 -593 -881 -2.28 -478 -1,051 -1,039 -1,850 -2,335
Other Financing Activities, Net		 185 349 424 318 245 241 353 426 1,057 813 1,910
Effect of Exchange Rate Changes		 51 -31 7.36 -44 141 -3.58 6.47 86 18 -24 545
Cash Interest Paid		 4,899 5,712 6,133 7,524 8,194 8,127 7,643 9,070 16,892 21,114 19,723
Cash Income Taxes Paid		 1,067 1,185 1,537 1,726 1,380 1,780 1,956 1,991 2,397 2,287 2,383

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
Total Assets		 116,781 139,815 174,586 192,020 211,724 245,827 278,288 313,367 529,381 564,060 560,814
Cash and Due from Banks		 5,701 6,642 8,818 10,626 8,117 12,725 14,789 16,880 25,030 23,211 27,154
Trading Account Securities		 29,458 33,874 46,674 43,017 52,543 63,510 63,461 66,553 105,482 127,412 122,749
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		 539 601 598 624 641 726 868 1,065 1,764 2,018 1,907
Separate Account Business Assets		 - - - - - - - 0.00 11,464 11,896 11,211
Goodwill		 1,131 1,156 1,151 1,084 994 1,025 988 912 19,553 19,074 17,367
Intangible Assets		 0.08 0.03 0.02 - - - - 0.00 16,752 16,047 14,390
Other Assets		 5,455 6,402 5,784 7,067 11,147 7,872 13,170 20,475 349,335 364,402 366,038
Total Liabilities & Shareholders' Equity		 116,781 139,815 174,586 192,020 211,724 245,827 278,288 313,367 529,381 564,060 560,814
Total Liabilities		 103,637 123,964 156,517 168,370 186,568 216,248 245,212 277,866 434,754 463,125 463,183
Non-Interest Bearing Deposits		 13,320 17,790 18,278 20,537 22,968 28,859 31,396 33,206 36,955 36,481 37,345
Interest Bearing Deposits		 69,063 81,382 102,805 112,850 129,069 153,493 173,955 195,857 248,241 280,866 293,058
Short-Term Debt		 8,447 4,969 14,087 11,973 11,744 8,140 9,306 13,261 16,442 16,800 15,450
Accrued Interest Payable		 622 686 1,006 1,148 1,062 1,066 1,086 1,368 2,863 3,024 2,858
Long-Term Debt		 7,884 11,271 14,328 15,103 13,616 16,062 20,487 24,996 79,779 68,666 54,561
Separate Account Business Liabilities		 - - - - - - - 0.00 11,464 11,896 11,211
Other Long-Term Liabilities		 4,301 7,866 6,012 6,759 8,109 8,629 8,982 9,178 39,009 45,392 48,701
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		 13,144 15,850 18,069 23,650 25,156 29,579 33,076 35,501 94,627 100,935 97,631
Total Preferred & Common Equity		 13,122 15,822 18,034 23,606 25,111 29,527 33,015 35,433 83,361 89,862 87,045
Total Common Equity		 13,122 15,822 18,034 23,606 25,111 29,527 33,015 35,433 83,361 89,862 87,045
Common Stock		 6,299 6,906 7,399 10,775 10,232 10,934 11,074 10,816 52,222 52,016 48,979
Retained Earnings		 6,649 8,515 10,693 12,660 14,185 18,221 22,176 25,447 31,528 36,906 38,911
Treasury Stock		 - - - - - - - 0.00 -202 -197 -180
Accumulated Other Comprehensive Income / (Loss)		 174 401 -58 171 694 372 -235 -831 -186 1,138 -665
Noncontrolling Interest		 22 28 36 44 45 52 61 69 11,265 11,073 10,586

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 15,393,368,328.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 15,393,368,328.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.50
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.84% 21.30% 22.37% 10.70% 8.79% 21.94% 4.92% 9.15% 62.56% 16.44% -4.19%
EBITDA Growth		 13.85% 21.66% 24.68% 15.36% -1.18% 21.83% 14.53% 17.51% 22.78% 17.90% -2.42%
EBIT Growth		 13.33% 21.08% 25.47% 15.50% -1.28% 23.92% 13.79% 17.78% 16.82% 14.94% -3.90%
NOPAT Growth		 11.58% 21.80% 26.56% 16.11% 8.29% 29.06% 14.32% 18.49% 24.73% 6.71% -3.57%
Net Income Growth		 11.58% 21.80% 26.56% 16.11% 8.29% 29.06% 14.32% 18.49% 24.73% 6.71% -3.57%
EPS Growth		 14.25% 17.79% 26.56% 16.11% 16.26% 24.86% -98.45% 17.99% -98.83% -98.85% -99.03%
Operating Cash Flow Growth		 46.27% 127.82% -75.24% 83.02% -14.32% 455.05% -39.24% -24.18% 111.28% 14.09% -14.82%
Free Cash Flow Firm Growth		 0.70% 88.98% -2,515.25% 90.96% 448.03% -67.43% -434.58% -21.54% -2,158.03% 111.39% 112.37%
Invested Capital Growth		 24.63% 8.87% 44.85% 9.13% -0.41% 6.46% 16.90% 17.32% 158.75% -2.33% -10.06%
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		 51.64% 51.80% 52.77% 55.00% 49.95% 49.91% 54.48% 58.65% 44.30% 44.86% 45.69%
EBIT Margin		 47.68% 47.60% 48.81% 50.92% 46.21% 46.96% 50.93% 54.95% 39.49% 38.98% 39.10%
Profit (Net Income) Margin		 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 31.59% 28.95% 29.13%
Tax Burden Percent		 63.61% 63.98% 64.54% 64.88% 71.17% 74.12% 74.47% 74.92% 88.97% 79.69% 77.43%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 89.91% 93.19% 96.23%
Effective Tax Rate		 36.39% 36.02% 35.46% 35.12% 28.83% 25.88% 25.53% 25.08% 11.03% 20.31% 22.57%
Return on Invested Capital (ROIC)		 6.71% 7.05% 6.99% 6.56% 6.82% 8.55% 8.74% 8.84% 5.69% 4.26% 4.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.71% 7.05% 6.99% 6.56% 6.82% 8.55% 8.74% 8.84% 5.69% 4.26% 4.38%
Return on Net Nonoperating Assets (RNNOA)		 7.43% 7.92% 9.20% 8.73% 7.33% 7.74% 7.53% 8.77% 5.88% 3.96% 3.43%
Return on Equity (ROE)		 14.14% 14.97% 16.19% 15.29% 14.15% 16.29% 16.27% 17.61% 11.57% 8.22% 7.81%
Cash Return on Invested Capital (CROIC)		 -15.22% -1.45% -29.65% -2.17% 7.24% 2.29% -6.84% -7.10% -82.81% 6.62% 14.98%
Operating Return on Assets (OROA)		 2.58% 2.64% 2.71% 2.68% 2.40% 2.63% 2.61% 2.72% 2.23% 1.98% 1.85%
Return on Assets (ROA)		 1.64% 1.69% 1.75% 1.74% 1.71% 1.95% 1.94% 2.04% 1.79% 1.47% 1.38%
Return on Common Equity (ROCE)		 14.11% 14.94% 16.16% 15.26% 14.13% 16.26% 16.24% 17.58% 10.57% 7.28% 6.95%
Return on Equity Simple (ROE_SIMPLE)		 13.58% 13.72% 15.23% 13.51% 13.75% 15.10% 15.43% 17.04% 9.03% 8.94% 8.90%
Net Operating Profit after Tax (NOPAT)		 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 7,531 8,036 7,749
NOPAT Margin		 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 31.59% 28.95% 29.13%
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		 28.27% 26.12% 22.60% 20.10% 20.47% 19.17% 19.77% 20.31% 17.81% 15.90% 16.41%
Operating Expenses to Revenue		 46.78% 44.19% 40.73% 38.25% 38.94% 36.58% 36.62% 38.89% 53.81% 53.37% 54.16%
Earnings before Interest and Taxes (EBIT)		 2,801 3,392 4,256 4,916 4,853 6,013 6,843 8,059 9,415 10,822 10,400
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,034 3,691 4,602 5,309 5,246 6,392 7,320 8,602 10,562 12,453 12,151
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.64 3.74 4.40 4.01 2.65 4.58 3.27 3.41 1.25 1.87 1.46
Price to Tangible Book Value (P/TBV)		 3.99 4.04 4.70 4.21 2.76 4.74 3.37 3.50 2.21 3.07 2.30
Price to Revenue (P/Rev)		 8.14 8.31 9.10 9.82 6.33 10.55 8.04 8.23 4.37 6.06 4.77
Price to Earnings (P/E)		 26.87 27.34 28.93 29.78 19.25 30.33 21.24 20.02 13.93 21.34 16.90
Dividend Yield		 0.65% 0.60% 0.55% 0.99% 0.00% 0.00% 0.89% 1.78% 2.47% 1.05% 0.00%
Earnings Yield		 3.72% 3.66% 3.46% 3.36% 5.19% 3.30% 4.71% 4.99% 7.18% 4.69% 5.92%
Enterprise Value to Invested Capital (EV/IC)		 1.98 2.15 2.13 2.19 1.66 2.73 1.96 1.93 0.98 1.30 1.08
Enterprise Value to Revenue (EV/Rev)		 9.95 9.67 11.35 11.53 7.97 11.45 9.16 9.69 7.82 8.70 6.78
Enterprise Value to EBITDA (EV/EBITDA)		 19.27 18.66 21.50 20.96 15.96 22.95 16.82 16.52 17.66 19.40 14.84
Enterprise Value to EBIT (EV/EBIT)		 20.87 20.31 23.25 22.64 17.26 24.39 17.99 17.64 19.82 22.32 17.34
Enterprise Value to NOPAT (EV/NOPAT)		 32.81 31.74 36.03 34.89 24.25 32.91 24.16 23.54 24.77 30.06 23.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.78 11.78 68.34 41.99 36.89 11.64 16.08 24.48 15.21 17.26 15.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 22.86 122.94 0.00 0.00 0.00 19.35 6.80
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.24 1.02 1.57 1.14 1.01 0.82 0.90 1.08 1.02 0.85 0.72
Long-Term Debt to Equity		 0.60 0.71 0.79 0.64 0.54 0.54 0.62 0.70 0.84 0.68 0.56
Financial Leverage		 1.11 1.12 1.32 1.33 1.07 0.91 0.86 0.99 1.03 0.93 0.78
Leverage Ratio		 8.62 8.85 9.27 8.79 8.27 8.36 8.37 8.63 6.48 5.59 5.67
Compound Leverage Factor		 8.62 8.85 9.27 8.79 8.27 8.36 8.37 8.63 5.82 5.21 5.45
Debt to Total Capital		 55.41% 50.61% 61.13% 53.38% 50.20% 45.00% 47.39% 51.87% 50.42% 45.85% 41.76%
Short-Term Debt to Total Capital		 28.66% 15.49% 30.30% 23.60% 23.25% 15.13% 14.80% 17.98% 8.62% 9.01% 9.22%
Long-Term Debt to Total Capital		 26.75% 35.12% 30.82% 29.77% 26.95% 29.87% 32.59% 33.89% 41.80% 36.84% 32.55%
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		 0.08% 0.09% 0.08% 0.09% 0.09% 0.10% 0.10% 0.09% 5.90% 5.94% 6.31%
Common Equity to Total Capital		 44.52% 49.30% 38.79% 46.54% 49.71% 54.90% 52.51% 48.04% 43.68% 48.21% 51.92%
Debt to EBITDA		 5.38 4.40 6.17 5.10 4.83 3.79 4.07 4.45 9.11 6.86 5.76
Net Debt to EBITDA		 3.50 2.60 4.26 3.10 3.29 1.80 2.05 2.49 6.74 5.00 3.53
Long-Term Debt to EBITDA		 2.60 3.05 3.11 2.84 2.60 2.51 2.80 2.91 7.55 5.51 4.49
Debt to NOPAT		 9.17 7.48 10.35 8.49 7.34 5.43 5.85 6.34 12.78 10.64 9.03
Net Debt to NOPAT		 5.97 4.42 7.13 5.16 4.99 2.57 2.94 3.54 9.45 7.75 5.53
Long-Term Debt to NOPAT		 4.42 5.19 5.22 4.74 3.94 3.60 4.02 4.14 10.59 8.54 7.04
Noncontrolling Interest Sharing Ratio		 0.17% 0.18% 0.19% 0.19% 0.18% 0.18% 0.18% 0.19% 8.71% 11.42% 10.91%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,042 -445 -11,647 -1,053 3,664 1,193 -3,992 -4,852 -109,559 12,482 26,509
Operating Cash Flow to CapEx		 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% 2,340.82%
Free Cash Flow to Firm to Interest Expense		 -0.80 -0.08 -1.80 -0.14 0.45 0.15 -0.52 -0.51 -5.95 0.58 1.34
Operating Cash Flow to Interest Expense		 0.51 1.01 0.22 0.34 0.28 1.56 0.99 0.62 0.67 0.66 0.60
Operating Cash Flow Less CapEx to Interest Expense		 0.48 0.98 0.20 0.31 0.25 1.53 0.95 0.56 0.63 0.62 0.58
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.06 0.06 0.05 0.05 0.06 0.05 0.05 0.06 0.05 0.05
Fixed Asset Turnover		 10.94 12.51 14.54 15.79 16.60 18.74 16.86 15.17 16.85 14.68 13.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 29,475 32,091 46,484 50,726 50,516 53,780 62,868 73,758 190,848 186,401 167,641
Invested Capital Turnover		 0.22 0.23 0.22 0.20 0.21 0.25 0.23 0.21 0.18 0.15 0.15
Increase / (Decrease) in Invested Capital		 5,824 2,616 14,394 4,242 -210 3,264 9,088 10,890 117,090 -4,446 -18,760
Enterprise Value (EV)		 58,472 68,878 98,954 111,268 83,753 146,692 123,126 142,148 186,555 241,575 180,368
Market Capitalization		 47,819 59,250 79,321 94,773 66,464 135,163 108,062 120,703 104,099 168,246 126,925
Book Value per Share		 $5.24 $6.26 $7.04 $9.10 $9.22 $5.39 $5.99 $6.39 $14.94 $11.83 $11.38
Tangible Book Value per Share		 $4.78 $5.80 $6.59 $8.68 $8.86 $5.20 $5.81 $6.23 $8.43 $7.21 $7.23
Total Capital		 29,475 32,091 46,484 50,726 50,516 53,780 62,868 73,758 190,848 186,401 167,641
Total Debt		 16,331 16,240 28,415 27,077 25,360 24,201 29,792 38,257 96,221 85,466 70,010
Total Long-Term Debt		 7,884 11,271 14,328 15,103 13,616 16,062 20,487 24,996 79,779 68,666 54,561
Net Debt		 10,630 9,599 19,597 16,451 17,243 11,476 15,003 21,377 71,191 62,255 42,857
Capital Expenditures (CapEx)		 149 193 140 233 240 241 344 526 628 777 509
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)		 16,331 16,240 28,415 27,077 25,360 24,201 29,792 38,257 96,221 85,466 70,010
Total Depreciation and Amortization (D&A)		 233 299 346 393 394 378 477 543 1,147 1,631 1,751
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.36 $0.43 $0.53 $0.60 $0.63 $0.81 $0.92 $1.08 $0.01 $0.01 $0.01
Adjusted Weighted Average Basic Shares Outstanding		 8.00 10.00 13.00 14.00 4.00 5.00 5.00 6.00 7.60B 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.35 $0.42 $0.53 $0.59 $0.62 $0.80 $0.91 $1.07 $0.01 $0.01 $0.01
Adjusted Weighted Average Diluted Shares Outstanding		 5.06B 5.13B 5.19B 5.45B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B 15.39B
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		 5.06B 5.13B 5.19B 5.45B 5.48B 5.51B 5.55B 5.58B 7.60B 7.65B 15.39B
Normalized Net Operating Profit after Tax (NOPAT)		 1,782 2,170 2,747 3,189 3,454 4,457 5,096 6,038 8,376 8,623 8,053
Normalized NOPAT Margin		 30.33% 30.46% 31.50% 33.04% 32.88% 34.81% 37.92% 41.17% 35.13% 31.06% 30.28%
Pre Tax Income Margin		 47.68% 47.60% 48.81% 50.92% 46.21% 46.96% 50.93% 54.95% 35.50% 36.33% 37.63%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.56 0.59 0.66 0.64 0.59 0.74 0.89 0.85 0.51 0.51 0.52
NOPAT to Interest Expense		 0.35 0.38 0.43 0.41 0.42 0.55 0.66 0.64 0.41 0.38 0.39
EBIT Less CapEx to Interest Expense		 0.53 0.56 0.64 0.61 0.56 0.71 0.84 0.80 0.48 0.47 0.50
NOPAT Less CapEx to Interest Expense		 0.32 0.34 0.40 0.38 0.39 0.52 0.62 0.58 0.38 0.34 0.37
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 20.64% 20.80% 19.29% 18.60% 25.52% 0.05% 9.37% 17.41% 13.80% 23.02% 30.13%
Augmented Payout Ratio		 20.64% 20.80% 19.37% 18.60% 25.52% 0.05% 9.37% 17.41% 13.80% 23.02% 30.13%

Quarterly Metrics And Ratios for HDFC Bank

No quarterly metrics and ratios for HDFC Bank are available.


Financials Breakdown Chart

Key Financial Trends

HDFC Bank’s balance sheet expanded significantly through fiscal 2024. Total assets increased from $278.3 billion in fiscal 2022 to $313.4 billion in fiscal 2023, then rose sharply to $529.4 billion in fiscal 2024. The latest increase was largely associated with the HDFC Ltd. merger, so investors should distinguish acquisition-related growth from organic expansion.

Deposits remained the primary source of funding. Interest-bearing deposits grew from $174.0 billion in fiscal 2022 to $195.9 billion in fiscal 2023 and $248.2 billion in fiscal 2024. Non-interest-bearing deposits also increased to $37.0 billion, bringing total reported deposits to approximately $285.2 billion in fiscal 2024. This supports liquidity and provides a sizable funding base for future lending.

Loans held for sale rose from $185.0 billion in fiscal 2022 to $207.5 billion in fiscal 2023 and $316.0 billion in fiscal 2024. While this indicates a much larger lending-related asset base, the provided statement does not report a separate balance for net loans and leases, limiting the ability to assess underlying loan growth and credit quality.

Capital resources improved materially. Total equity and noncontrolling interests increased from $33.1 billion in fiscal 2022 to $35.5 billion in fiscal 2023 and $94.6 billion in fiscal 2024. Common equity reached $83.4 billion in fiscal 2024, while retained earnings rose to $31.5 billion. Total liabilities grew as well, but the increase in equity was proportionally larger, reducing balance-sheet leverage based on the reported figures.

  • Total assets increased approximately 90% from fiscal 2022 to fiscal 2024, creating a substantially larger platform for lending and fee-generating businesses.
  • Total deposits reached approximately $285.2 billion in fiscal 2024, providing a broad and relatively stable funding base.
  • Cash and due from banks increased to $25.0 billion from $14.8 billion in fiscal 2022, strengthening the reported liquidity position.
  • Common equity more than doubled from $33.0 billion in fiscal 2022 to $83.4 billion in fiscal 2024, improving the balance sheet’s loss-absorption capacity.
  • Retained earnings increased in each reported year, reaching $31.5 billion in fiscal 2024 and indicating continued accumulation of internally generated capital.
  • Trading account securities increased to $105.5 billion in fiscal 2024, which may support liquidity and trading income but can also increase exposure to market-value fluctuations.
  • Separate account business assets and liabilities totaled $11.5 billion in fiscal 2024; because these amounts are matched, their direct effect on net equity appears limited.
  • The sharp fiscal 2024 changes in assets, liabilities, equity, goodwill and intangible assets likely reflect the HDFC Ltd. merger, making year-over-year comparisons less representative of organic growth.
  • Long-term debt increased from $20.5 billion in fiscal 2022 to $79.8 billion in fiscal 2024, while short-term debt also rose to $16.4 billion, increasing reliance on wholesale funding.
  • Goodwill and intangible assets rose substantially in fiscal 2024, creating acquisition-related balance-sheet exposure and the potential for future impairment charges.
08/09/26 10:57 AM ETAI Generated. May Contain Errors.

HDFC Bank Financials - Frequently Asked Questions

According to the most recent income statement we have on file, HDFC Bank's fiscal year ends in March. Their fiscal year 2026 ended on March 31, 2026.

HDFC Bank's net income appears to be on an upward trend, with a most recent value of $7.75 billion in 2026, rising from $1.78 billion in 2016. The previous period was $8.04 billion in 2025. Check out HDFC Bank's forecast to explore projected trends and price targets.

Over the last 10 years, HDFC Bank's total revenue changed from $5.87 billion in 2016 to $26.60 billion in 2026, a change of 352.7%.

HDFC Bank's total liabilities were at $463.18 billion at the end of 2026, a 0.0% increase from 2025, and a 346.9% increase since 2016.

In the past 10 years, HDFC Bank's cash and equivalents has ranged from $5.70 billion in 2016 to $27.15 billion in 2026, and is currently $27.15 billion as of their latest financial filing in 2026.

Over the last 10 years, HDFC Bank's book value per share changed from 5.24 in 2016 to 11.38 in 2026, a change of 117.3%.


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Financial statements for NYSE:HDB last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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