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: 66/100
At a glance
| Metric | HDFCBANK | SBIN |
|---|---|---|
| Quality Score | 67/100 | 66/100 |
| P/E (trailing) | 17.4 | 11.4 |
| Forward P/E | 12.4 | 10.1 |
| ROE | +13.8% | +15.5% |
| Profit margin | +26.8% | +22.1% |
| Debt-to-equity | — | — |
| Dividend yield | +1.67% | +1.68% |
| 1Y price return | -16.7% | +33.0% |
| From 52w high | -22.3% | -14.7% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 1.15 | 1.49 |
Highlighted value = better on the metric (lower for P/E, D/E, drawdown, analyst rating; higher elsewhere). Descriptive only.
Snapshots
HDFC Bank trades at ₹779.80 as of the analysis date, down 16.7% over 12 months and 22.3% below its 52-week high, with the price currently above its 50-DMA (₹761) but 11.8% below its 200-DMA (₹884). Trailing PE of 17.4 compresses to a forward PE of 12.4, while ROE of 13.82% and a profit margin of 26.83% reflect the ongoing integration phase following the HDFC Ltd merger completed in 2023.
State Bank of India (SBIN) trades at ₹1,035.10, up 33% over one year and currently above both its 50-DMA (₹1,012.02) and 200-DMA (₹982.26). At a trailing PE of 11.36, it is the lowest-valued among six tracked banking-sector peers, with ROE of 15.48% ranking second in the peer group. The board recently approved raising up to ₹60,000 crore via bonds following a record FY26 profit.
Pros
- ✓Profit margin of 26.83% and positive free cash flow in 4 of the available years demonstrate earnings durability across varying rate cycles.
- ✓Forward PE of 12.4 represents a 29% compression from the trailing PE of 17.4, indicating that consensus earnings growth expectations are already priced into a materially lower multiple.
- ✓The USD 750 million senior unsecured offshore bond issued via GIFT City IFSC in June 2026 — described as the largest such deal by Indian banks since 2023 — points to continued international capital-market access.
- ✓5-year earnings growth of 7.5% has remained positive through the merger integration period, alongside a dividend yield of 1.67%.
- ✓Lowest PE among 6 tracked peers at 11.36 (next closest: Axis Bank at 16.10; Bajaj Finance at 31.65), with forward PE compressing further to 10.14.
- ✓ROE of 15.48% ranks 2nd of 6 peers and exceeds private-sector peers HDFC Bank (13.82%) and Axis Bank (13.15%).
- ✓Quality score of 51 ranks 1st of 6 in the peer set, ahead of HDFC Bank (47) and Axis Bank (50).
- ✓Dividend yield of 1.68% is present alongside a reported FY26 record profit and ₹8,813 crore dividend transfer to the government.
Cons
- ✗ROE of 13.82% has exceeded 15% in only 2 of the available historical years and ranks 4th of 6 banking peers; ICICIBANK (16.36%) and BAJFINANCE (17.91%) both post materially higher returns on equity.
- ✗5-year revenue growth is negative at -1.8%, reflecting top-line compression in the post-merger consolidation period; the quality score of 47 places HDFCBANK 4th of 6 in its peer group.
- ✗The stock has traded below its 200-DMA for an extended period, with a 52-week drawdown of 22.3% and a 12-month price decline of 16.7%, while the broader sector median 1-year change is unavailable for direct comparison.
- ✗Debt trend is classified as rising, which in a banking context merits tracking against net interest margin compression and any shift in the Reserve Bank of India rate posture.
- ✗5-year earnings CAGR of -3.1% contrasts with 7.1% revenue growth, indicating that earnings have not kept pace with the top line over the measurement period.
- ✗All fundamental persistence metrics — ROE years above 15%, FCF positive years, debt trend, and consistency score — are null, making multi-year capital-efficiency assessment impossible from available data.
- ✗Board approval to raise up to ₹60,000 crore via bonds represents incremental leverage activity; the effect on the bank's capital adequacy ratios has not been quantified in available disclosures.
- ✗At 14.65% below the 52-week high, the stock faces overhead resistance at ₹1,065.79, ₹1,088.38, and ₹1,101.10 before reaching prior peak levels.
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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.