HDFC Bank Ltd.
NSE: HDFCBANKHDFC Bank Ltd.: A 30-second snapshot
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.
P/E
17.4
Forward P/E
12.4
ROE
+13.8%
Debt / Equity
—
Profit Margin
+26.8%
Div. Yield
+1.7%
5Y ROE > 15%
2/5
5Y FCF > 0
4/5
Quality
67/100
News
8 headlines · 3 positive · 1 negative
HDFC Bank Q2 Results 2026 - Find HDFC Bank Q2 Earnings Result | HDFCBANK Q2 results - Mint
Mint
HDFC Bank Q3 Results 2026 - Find HDFC Bank Q3 Earnings Result | HDFCBANK Q3 results - Mint
Mint
India's HDFC Bank prices $750 million bond in largest offshore deal by lenders since 2023, say bankers - marketscreener.com
marketscreener.com
HDFC Bank Limited Acting Through GIFT City IFSC Banking Unit Issues USD 750 Million Senior Unsecured Bonds - marketscreener.com
marketscreener.com
HDFC Bank Ltd stock (INE040A01034): Shares under pressure as investors digest weak one-year performa - AD HOC NEWS
AD HOC NEWS
Recent context
- ·HDFC Bank placed USD 750 million in senior unsecured bonds through its GIFT City IFSC Banking Unit in June 2026, reported as the largest offshore bond by an Indian bank since 2023, reflecting continued access to international capital markets.
- ·Q2 and Q3 FY2026 earnings result pages are active (per Mint coverage), with results anticipated as near-term data points on NIM and loan-growth trends following the merger integration.
- ·One headline flagged shares under pressure from weak one-year performance (June 2026); overall news tally across 8 items is 3 positive, 4 neutral, 1 negative.
Strengths
- +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%.
Weaknesses
- −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.
Open questions
- ?How has HDFC Bank's net interest margin trended quarter-over-quarter since the HDFC Ltd merger closed, and does management guidance indicate a recovery timeline for ROE above 15%?
- ?The forward PE of 12.4 embeds significant earnings growth — what are the specific drivers (loan growth, fee income, cost rationalisation) that consensus is modelling, and how sensitive are those projections to an RBI rate cut or pause?
- ?ICICIBANK currently ranks higher on both ROE and quality score within the same peer group — what structural differences (product mix, credit-cost trajectory, deposit franchise) explain the profitability gap?
- ?The stock has remained below its 200-DMA for an extended period even as RSI recovered to 61 — what catalysts, if any, have historically preceded a sustained re-convergence with the long-run moving average for large-cap Indian private banks?
Peer comparison: Banking
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| HDFCBANK | HDFC Bank Ltd.You're viewing | 17.4 | +13.8% | 47 |
| Industry avg | across 5 peers | 32.3 | +14.7% | 42 |
| ICICIBANK | ICICI Bank Ltd. | 18.0 | +16.4% | 64 |
| BAJFINANCE | Bajaj Finance Ltd. | 31.6 | +17.9% | 51 |
| AXISBANK | Axis Bank Ltd. | 16.1 | +13.2% | 50 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 29.0 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 66.9 | +11.3% | 20 |
Technical state
Current price
₹779.80
SMA 50
₹761.00
SMA 200
₹884.14
RSI (14)
61.2 (neutral)
From 52w high
-22.3%
1Y return
-16.7%
3M return
-0.7%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumCurrent price of ₹779.80 remains 11.8% below the 200-DMA of ₹884.14, with a 52-week drawdown of 22.3% and a 1-year price decline of 16.7%; the stock has held below its 200-DMA for an extended period while RSI of 61 has recovered above its 50-DMA of ₹761.
- medium5-year revenue growth of -1.8% and ROE exceeding 15% in only 2 of the available historical years reflect top-line compression and return-on-equity dilution in the period following the HDFC Ltd merger; quality score of 47 (out of 100) ranks 4th of 6 peers.
- lowDebt trend is classified as rising; while leverage is structural in banking, the trend warrants monitoring alongside NIM trajectory and deposit-cost movements in a rate-sensitive environment.
- lowHDFCBANK ranks 4th of 6 peers on ROE (13.82% vs ICICIBANK 16.36% and BAJFINANCE 17.91%) and 4th of 6 on quality score (47 vs ICICIBANK 64); it trades at a PE of 17.4 versus peers AXISBANK at 16.1 and ICICIBANK at 18.0.
Cross-section contradictions
- Mean analyst rating of 1.15 across 39 analysts (1–5 scale, lower = more constructive) and a forward PE of 12.4 — a 29% compression versus the trailing PE of 17.4 — coexist with a 16.7% 1-year price decline and the stock trading 11.8% below its 200-DMA; the earnings recovery embedded in the forward multiple has not yet manifested in price action.
- News sentiment across 8 items is net positive (3 positive, 4 neutral, 1 negative), including a USD 750 million offshore bond placed at the largest scale for Indian banks since 2023, yet the stock is down 16.7% over 12 months and down 0.7% over 3 months — the headline mix does not align with price performance.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 21 Jun 2026 · rotates through NIFTY 500 every ~5 days