HDFC Bank Limited

HDFC Bank Limited (HDFCBANK) is a large-cap Financial Services company valued at ₹11.23 lakh crore operating in Private Sector Bank on the NSE and BSE.

Recent price move

HDFC Bank Limited last traded at ₹712, down 2.31% on the day.

Recent developments

On 2026-10-17, the company's CEO stated that pre-merger metrics are not relevant for the post-merger bank, emphasizing a focus on ROA and EPS. The same day, the Deputy MD, Kaizad Bharucha, announced his resignation, effective December 31, as Anup Bagchi prepares to take over. Additionally, the latest quarter results showed record-low margins and a 67% drop in treasury income.

Financial performance

The company's annual revenue rose 3.6% to ₹348,615 crore, while annual net profit increased 7.4% to ₹76,026 crore. However, the latest quarter saw revenue fall 4.1% year-on-year and net profit decline 0.5% compared to the same quarter a year earlier. The net profit margin improved by 0.8 percentage points to 21.8%, but return on capital employed remained low at 5.9%.

Valuation multiples

The stock trades at 14.4 times earnings, a discount to the Financial Services median of 19.3, 1.78 times book value. It yields 2.6%.

Things to watch

The stock is 28.6% below its 52-week high, and the latest quarter's net profit declined 0.5% year-on-year. Margins are at a record low, and treasury income fell sharply by 67% in the latest quarter, indicating pressure on key revenue streams.

Where it stands

HDFC Bank reported strong annual growth in revenue and net profit, but the latest quarter showed signs of weakness with declining revenue and profit. The company's leadership changes and margin pressures highlight ongoing challenges. The stock remains 28.6% below its 52-week high, reflecting recent underperformance.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.