HDFCBANK vs ICICIBANK
Side-by-side comparison of HDFC Bank Ltd. and ICICI Bank Ltd.. Descriptive only — not investment advice.
HDFC Bank Ltd.
Banking
Quality Score: 67/100
ICICI Bank Ltd.
Banking
Quality Score: 71/100
At a glance
| Metric | HDFCBANK | ICICIBANK |
|---|---|---|
| Quality Score | 67/100 | 71/100 |
| P/E (trailing) | 17.4 | 17.0 |
| Forward P/E | 12.4 | 14.0 |
| ROE | +13.8% | +16.4% |
| Profit margin | +26.8% | +24.9% |
| Debt-to-equity | — | — |
| Dividend yield | +1.66% | +0.87% |
| 1Y price return | -18.1% | -11.0% |
| From 52w high | -23.5% | -15.0% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 1.16 | 1.25 |
Highlighted value = better on the metric (lower for P/E, D/E, drawdown, analyst rating; higher elsewhere). Descriptive only.
Snapshots
HDFCBANK is India's largest private sector bank by assets, currently trading at ₹780.85 — down 18.06% over the past year and 23.48% off its 52-week high — below both its 50-DMA (₹810.56) and 200-DMA (₹933.35). The trailing PE stands at 17.43 with a forward PE of 12.41, reflecting consensus expectations of earnings acceleration. A 5-year earnings CAGR of 7.5% and a dividend yield of 1.66% characterise the fundamental backdrop.
ICICI Bank trades at ₹1,264.80, a PE of 17x trailing and 14x forward, with ROE of 16.36% and a 24.93% profit margin on 5-year revenue growth of 66.9%. The stock is 15% below its 52-week high, below the 50-DMA (₹1,301) and 200-DMA (₹1,370), and has declined 10.97% over the past 12 months despite an 8% YoY earnings increase in Q4 FY26.
Pros
- ✓Forward PE of 12.41 represents a 28.7% compression from the trailing PE of 17.43, implying a significant implied earnings-growth step-up priced in by the analyst consensus of 1.16 across 38 analysts (1–5 scale, lower = more constructive).
- ✓FCF was positive in 4 of the available historical years, and profit margin of 26.83% remains among the higher levels for large-cap Indian banking.
- ✓5-year earnings growth of 7.5% demonstrates sustained bottom-line expansion through a period that included a large-scale merger integration with HDFC Ltd.
- ✓Dividend yield of 1.66% provides a current income component at a trailing PE of 17.43, which sits at the lower end of HDFCBANK's historical valuation range.
- ✓Highest quality score among 6 banking-sector peers at 64, and second-ranked on both trailing PE (17x) and ROE (16.36%) within the peer set.
- ✓Forward PE of 13.96x represents a meaningful compression from trailing 17x, suggesting earnings-growth expectations are priced into a discount relative to trailing multiples.
- ✓Q4 FY26 profit of ₹13,702 cr marks 8% YoY growth with a ₹12/share dividend declared, and 5-year revenue has grown 66.9%.
- ✓Mean analyst rating of 1.25 across 40 analysts (1–5 scale, lower = more constructive).
Cons
- ✗The stock has been below its 200-DMA for an extended period, with price trading 16.3% below the 200-DMA (₹933.35) and a 52-week drawdown of 23.48%, reflecting sustained price underperformance.
- ✗ROE of 13.82% cleared the 15% threshold in only 2 of the available historical years, and 5-year revenue growth of -1.8% signals top-line contraction over the measurement window — likely reflecting merger-related balance sheet restructuring but material nonetheless.
- ✗Quality score of 47 and ROE rank of 4th out of 6 peers place HDFCBANK below sector peers ICICIBANK (quality 64, ROE 16.36%) and BAJFINANCE (ROE 17.91%) on composite quality metrics.
- ✗Consistency score of 69 and a rising debt trend, assessed alongside the post-merger balance sheet, warrant monitoring of NIM trajectory and deposit cost data in upcoming quarterly disclosures.
- ✗Price is below both the 50-DMA (₹1,301) and 200-DMA (₹1,370), with three resistance levels clustered between ₹1,371 and ₹1,417 — the stock has retraced 15.03% from its 52-week high.
- ✗ROE has exceeded 15% in only 3 of the years available, and FCF-positive years also number 3, indicating the quality record is not yet a long established track.
- ✗An executive director sold 59% of his holding in April 2026, which is a disclosure event worth tracking for any follow-on insider activity.
- ✗Debt trend is classified as rising; while rising liabilities are intrinsic to bank balance sheets, the absence of a precise D/E ratio limits the ability to benchmark leverage against peers quantitatively.
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For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Comparison reflects current public data; consult a registered adviser before any investment decision.