HDFCBANK vs SBIN
Side-by-side comparison of HDFC Bank Ltd. and State Bank of India. Descriptive only — not investment advice.
HDFC Bank Ltd.
Banking
Quality Score: 67/100
State Bank of India
Banking
Quality Score: 64/100
At a glance
| Metric | HDFCBANK | SBIN |
|---|---|---|
| Quality Score | 67/100 | 64/100 |
| P/E (trailing) | 17.4 | 11.2 |
| Forward P/E | 12.4 | 9.6 |
| ROE | +13.8% | — |
| Profit margin | +26.8% | +22.5% |
| Debt-to-equity | — | — |
| Dividend yield | +1.66% | +1.70% |
| 1Y price return | -18.1% | +34.3% |
| From 52w high | -23.5% | -17.4% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 1.16 | 1.44 |
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.
State Bank of India (SBIN) trades at 1019.3, a trailing PE of 11.2x — the lowest among the 6 Banking peers ranked — and has returned 34.3% over 12 months despite pulling back 17.5% from its 52-week high. Q4 FY26 net profit of 19684 crore grew 5.6% YoY on robust loan volumes, though 5-year earnings CAGR remains negative at -3.1% and the debt trend is rising.
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.
- ✓Lowest trailing PE (11.2x) among ranked Banking peers, with forward PE compressing further to 9.6x, reflecting a significant valuation discount to private-sector counterparts such as HDFC Bank (17.4x) and Bajaj Finance (31.3x).
- ✓12-month price return of 34.3% demonstrates meaningful absolute price appreciation even after the recent pullback from the 52-week high.
- ✓Dividend yield of 1.7% with a declared Q4 FY26 dividend of 17.35 per share provides a cash-return component alongside capital appreciation.
- ✓Analyst coverage is broad: mean rating of 1.44 across 39 analysts on a 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.
- ✗5-year earnings CAGR of -3.1% shows that absolute profitability has declined over the medium term despite revenue growth of 3.8%, compressing the earnings base.
- ✗FCF-positive years number only 3 out of the observable window, and the debt trend is classified as rising — characteristic of a PSU bank scaling its loan book, but also increasing balance-sheet leverage.
- ✗Price is 6.4% below the 50-DMA at 1088.71, with RSI at 37.49, indicating the stock has underperformed its own short-term trend over the past three months (-4.58%).
- ✗Quality score of 49 out of 100 ranks 3rd of 6 peers, placing SBIN in the middle tier of the Banking group on composite quality metrics.
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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.