Inflation and policy rates
Apart from higher fuel and food inflation, a large part of this increase was driven by higher core inflation, possibly reflecting the impact of second wave related supply disruptions and a pass through of cost push pressures. Going forward, we expect inflation to remain above 6 per cent for the next 3 months. For FY 2021-22, we expect the headline inflation to average 6.1% led by higher commodity prices and sticky core inflation. On the policy front, we expect the central bank to keep its rates unchanged in FY 2021-22 and maintain an accommodative stance. The RBI is likely to only gradually reduce the liquidity surplus in the system once it is confident about the prospects of growth recovery. The central bank is likely to continue managing the yield curve, especially the benchmark yield through open market operations (sterilised and unsterilsed) and the latest announced G-SAP bond buying programme in order to contain borrowing costs in the economy and improve transmission.
Pain point - Gross non performing assets
As per the RBI?s January 2021 Financial Stability Report, the GNPA ratio of scheduled commercial banks eased to 7.5 per cent in September 2020 from 9.3 per cent in September 2019. That said, the central bank estimates the ratio to increase to 13.5 per cent by September 2021. The GNPA could escalate to 14.8 per cent if the macroeconomic environment worsens into a severe stress scenario. Heading into FY 2021-22, credit growth outlook is expected to improve amid improvement in GDP growth and as liquidity remains comfortable.
Loan book - Retail and Wholesale
The Personal Loan Business is also surging back to pre-COVID levels, and ended the year at ` 118,000 crore. About 80 per cent of the incremental loans were to employees of top rated corporates with reasonably high disposable income. In the year under review, the portfolio further improved qualitatively, which is indicated by an increase in credit scores across segments. Corporate Banking, which focuses on large, well-rated companies, continued to be the biggest contributor to Wholesale Banking in terms of asset size. This business ended FY 2020-21 with a domestic loan book size of ` 2.98 lakh crore, recording a rise of 23 per cent over the year earlier. This was thanks to your Bank?s focused outreach to large corporates and well-rated/blue chip PSUs at the outset of the pandemic to offer them liquidity. It was able to do so as it was armed with sufficient cash due to its strong capital base and balance sheet.
HDFC Bank Share Price
- Open1,581.75
- High1,585.70
- Low1,574.00
- Prev Close1,574.15
- Volume1,20,60,096
- VWAP(₹)1,581.84
HDFC Bank share price insights
Intraday fact check
In the last 19 years, only 0.99 % trading sessions saw intraday gains higher than 5 % .Loan Book Growth - Beating 5 Yr CAGR
HDFC Bank Ltd. reported a YoY increase of 54.39% in its advances, which is higher than its 5 yr CAGR of 19.71%. (Source: Consolidated Financials)Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 99.35% outperformed its 3 year CAGR of 37.37%. (Source: Consolidated Financials)Stock Returns vs Nifty 100
Stock gave a 3 year return of 6.79% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)HDFC Bank Share Price Update
HDFC Bank Ltd. share price moved up by 0.42% from its previous close of Rs 1,574.15. HDFC Bank Ltd. stock last traded price is 1,580.75
Share Price Value Today/Current/Last 1,580.75 Previous Day 1,574.15
HDFC Bank Share Price Returns
| 1 Day | 0.42% |
| 1 Month | 8.62% |
| 3 Months | 8.24% |
| 1 Year | -1.42% |
| 3 Years | 6.35% |
| 5 Years | 29.32% |
Key Metrics
| PE Ratio(x) | 18.75 |
| EPS - TTM(₹) | 84.33 |
| MCap(₹ Cr.) | 11,95,868 |
| MCap Rank | 1 |
| PB Ratio(x) | 2.64 |
| Div Yield(%) | 1.23 |
| Face Value(₹) | 1.00 |
| 52W High(₹) | 1,757.50 |
| 52W Low(₹) | 1,363.55 |
| MCap/Sales | 3.88 |
| Beta(1 Month) | 1.09 |
| BV/Share(₹) | 597.27 |
HDFC Bank Share Recommendations
41 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 20 | 20 | 20 | 21 |
| Buy | 17 | 17 | 17 | 14 |
| Hold | 4 | 4 | 4 | 4 |
| Sell | - | - | - | - |
| Strong Sell | - | - | - | - |
| # Analysts | 41 | 41 | 41 | 39 |
HDFC Bank News & Analysis
NewsAhead of Market: 10 things that will decide D-Street action on Friday
NewsShare market update: Most active stocks of the day in terms of traded value
NewsShare market update: Most active stocks of the day in terms of total traded value Grant Of Stock Options Under Employee Stock Option Schemes
Announcements
HDFC Bank Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 1,24,391.35 1,15,015.51 1,07,566.62 61,021.29 57,158.84 Total Income Growth (%) 8.15 6.92 76.28 6.76 5.61 Provisions & Contingencies 13,810.54 4,603.90 3,311.74 3,292.10 3,179.09 Provisions & Contingencies Growth (%) 199.97 39.02 0.60 3.55 -2.01 Profit after Tax (PAT) 17,622.38 17,257.87 16,811.41 12,370.38 12,594.47 PAT Growth (%) 2.11 2.66 35.90 -1.78 -0.82 Gross NPA (%) - - - - - Net NPA (%) - - - - - Net Profit Margin (%) 14.17 15.00 15.63 20.27 22.03 Basic EPS (₹) 23.20 22.74 22.24 22.15 22.58 All figures in Rs Cr, unless mentioned otherwise
InsightsBeating 3 Yr Revenue CAGR
Company's annual revenue growth of 99.35% outperformed its 3 year CAGR of 37.37%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Advances 25,65,891.41 16,61,949.29 14,20,942.28 11,85,283.52 10,43,670.88 Advances Growth (%) 54.39 16.96 19.88 13.57 20.07 Deposits 23,76,887.28 18,82,663.25 15,58,003.03 13,33,720.88 11,46,207.13 Deposits Growth (%) 26.25 20.84 16.82 16.36 24.25 Total Equity 4,53,742.53 2,90,297.76 2,48,046.58 2,10,442.95 1,76,935.35 Total Equity Growth (%) 56.30 17.03 17.87 18.94 14.76 Gross NPA (%) - - - - - Net NPA (%) - - - - - Capital Adequacy Ratios (%) 0.00 - - - - Contingent Liabilities 0.00 17,50,953.81 14,00,197.64 9,75,280.66 11,30,474.06 All figures in Rs Cr, unless mentioned otherwise
InsightsLoan Book Growth - Beating 5 Yr CAGR
HDFC Bank Ltd. reported a YoY increase of 54.39% in its advances, which is higher than its 5 yr CAGR of 19.71%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 19,069.34 20,813.70 -11,959.57 42,476.46 -16,869.09 Net Cash used in Investing Activities 5,313.77 -3,423.89 -2,216.33 -1,680.87 -1,616.92 Net Cash flow from Financing Activities -3,983.06 23,940.56 48,124.02 -7,321.35 24,394.50 Net Cash Flow 20,504.99 41,762.08 34,113.22 33,332.41 6,122.47 Closing Cash & Cash Equivalent 2,28,834.51 1,97,147.81 1,55,385.73 1,21,272.53 87,940.11 Closing Cash & Cash Equivalent Growth (%) 16.07 26.88 28.13 37.90 7.48 All figures in Rs Cr, unless mentioned otherwise
InsightsCash from Operations vs PAT
Operating cash flow of Rs 19069.34 cr is 0.3 times compared to the reported net profit of Rs 64062.04 cr. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 14.11 15.89 15.38 15.17 15.45 Return on Assets (%) 1.58 1.81 1.79 1.76 1.72 Cost to Income (%) 46.17 40.61 42.31 41.55 39.18 Interest income to Earning assets (%) 7.03 6.74 6.40 7.14 7.72 Interest Expense to Earning assets (%) 3.82 3.07 2.75 3.29 3.93 Price to Earnings (x) 17.18 19.53 21.46 25.91 17.36 Price to Book (x) 2.42 3.10 3.30 3.92 2.68 Price to Sales (x) 3.88 5.26 6.00 6.40 3.87 Operating Profit Margin (%) -20.76 7.16 4.70 3.51 1.97
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y HDFC Bank Stock Performance 0.42 3.21 9.21 9.31 -1.85 6.79 29.16 ICICI Bank Stock Performance -1.09 -1.22 -0.75 1.78 18.05 74.08 165.81 Axis Bank Stock Performance -1.12 1.08 5.29 5.69 20.51 59.44 46.10 Kotak Bank Stock Performance 0.62 2.73 5.07 -1.24 -7.78 -3.17 14.19 IndusInd Bank Stock Performance 1.55 3.11 7.55 -3.61 13.24 50.19 -2.90 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 6.79% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 6.79% return as compared to Nifty Bank which gave investors 43.11% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 30 April 2024
5,153.82
Amount Invested (in Cr.)
8.06%
% of AUM
0.59
% Change (MoM basis)
4,977.61
Amount Invested (in Cr.)
5.96%
% of AUM
0.00
% Change (MoM basis)
4,970.73
Amount Invested (in Cr.)
9.4%
% of AUM
0.00
% Change (MoM basis)
HDFC Bank Futures & Options
Date Price Open Interest 27-06-2024Current
11.950.25 (2.14%)
3,15,15011,550 (3.66%)
12.85Open14.50High11.25Low11.70Close13,490Contracts Traded1,241.63Turnover (₹ Lakhs)Open Interest as of 24 Apr 2024
Date Price Open Interest 27-06-2024Current
1,583.706.15 (0.39%)
47,39,9005,15,900 (10.88%)
1,585.00Open1,588.60High1,577.90Low1,577.55Prev Close27,629Contracts Traded2,40,776.60Turnover (₹ Lakhs)Open Interest as of 24 Apr 2024
Corporate Actions
Final
1950%
Apr 22, 2024
Board Meeting
Audited Results, Final Dividend & Others
Apr 18, 2024
Board Meeting
Quarterly Results
Dec 20, 2023
Announced on Meeting on Apr 18, 2024 Apr 20, 2024 Audited Results, Final Dividend & Others Dec 20, 2023 Jan 16, 2024 Quarterly Results Oct 06, 2023 Oct 15, 2023 Quarterly Results Jul 10, 2023 Jul 17, 2023 Quarterly Results Apr 11, 2023 Apr 15, 2023 Audited Results, Final Dividend & Others Announced on Ex-Date Dividend% Apr 22, 2024 May 10, 2024 1950% Apr 17, 2023 May 16, 2023 1900% Apr 23, 2022 May 12, 2022 1550% Jun 18, 2021 Jun 29, 2021 650% Jul 22, 2019 Aug 01, 2019 250% No Data Available
Announced on Ex-Date May 22, 2019 Sep 19, 2019 Split: Old FV2.0| New FV:1.0 Apr 18, 2011 Jul 14, 2011 Split: Old FV10.0| New FV:2.0 No Data Available
Announced on Meeting on Dec 05, 2023 Jan 11, 2024 - Jun 30, 2023 Aug 11, 2023 - Feb 20, 2023 Mar 28, 2023 - Jun 10, 2022 Jul 16, 2022 - Apr 12, 2022 May 17, 2022 -
About
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1,195,867.69 Crore).
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 124,391.35 Crore, up 8.15 % from last quarter Total Income of Rs 115,015.51 Crore and up 117.62 % from last year same quarter Total Income of Rs 57,158.84 Crore. The bank has reported net profit after tax of Rs 17,622.38 Crore in latest quarter.
The bank’s top management includes Mr.Atanu Chakraborty, Mr.Sashidhar Jagdishan, Mr.Kaizad Bharucha, Mr.Bhavesh Zaveri, Mr.Keki Mistry, Mrs.Renu Karnad, Mrs.Lily Vadera, Mr.M D Ranganath, Mr.Sandeep Parekh, Mr.Sanjiv Sachar, Ms.Sunita Maheshwari, Mr.Umesh Chandra Sarangi, Mr.Srinivasan Vaidyanathan, Mr.Santosh Haldankar. It has MSKA & Associates as its auditoRs As on 31-03-2024, the company has a total of 759.69 Crore shares outstanding.
About HDFC Bank
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1,195,867.69 Crore).HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 124,391.35 Crore, up 8.15 % from last quarter Total Income of Rs 115,015.51 Crore and up 117.62 % from last year same quarter Total Income of Rs 57,158.84 Crore. The bank has reported net profit after tax of Rs 17,622.38 Crore in latest quarter.The bank’s top management includes Mr.Atanu Chakraborty, Mr.Sashidhar Jagdishan, Mr.Kaizad Bharucha, Mr.Bhavesh Zaveri, Mr.Keki Mistry, Mrs.Renu Karnad, Mrs.Lily Vadera, Mr.M D Ranganath, Mr.Sandeep Parekh, Mr.Sanjiv Sachar, Ms.Sunita Maheshwari, Mr.Umesh Chandra Sarangi, Mr.Srinivasan Vaidyanathan, Mr.Santosh Haldankar. It has MSKA & Associates as its auditoRs As on 31-03-2024, the company has a total of 759.69 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty 50, S&P BSE Sensex, Nifty Bank, Nifty 100, Nifty 200
Address
HDFC Bank House,Senapati Bapat Marg,Mumbai, Maharashtra - 400013
Executive Leadership
Atanu Chakraborty
Part Time Chairman & Independent DirectorSashidhar Jagdishan
Managing Director & CEOKaizad Bharucha
Deputy Managing DirectorBhavesh Zaveri
Executive DirectorAuditors
Brands
FAQs about HDFC Bank share
- 1. What's the HDFC Bank share price today?As on 13 Jun, 2024, 03:59 PM IST HDFC Bank share price was up by 0.42% basis the previous closing price of Rs 1,574.15. HDFC Bank share price was Rs 1,580.75. Return Performance of HDFC Bank Shares:
- 1 Week: HDFC Bank share price moved up by 1.35%
- 1 Month: HDFC Bank share price moved up by 8.62%
- 3 Month: HDFC Bank share price moved up by 8.24%
- 6 Month: HDFC Bank share price moved down by 3.08%
- 2. What's the market capitalization of HDFC Bank?Market Capitalization of HDFC Bank stock is Rs 11,95,868 Cr.
- 3. Who is the CEO of HDFC Bank?Sashidhar Jagdishan is the Managing Director & CEO of HDFC Bank
- 4. What is the CAGR of HDFC Bank?The CAGR of HDFC Bank is 8.73.
- 5. Who is the chairman of HDFC Bank?Atanu Chakraborty is the Part Time Chairman & Independent Director of HDFC Bank
- 6. What are the returns for HDFC Bank share?Return Performance of HDFC Bank Shares:
- 1 Week: HDFC Bank share price moved up by 1.35%
- 1 Month: HDFC Bank share price moved up by 8.62%
- 3 Month: HDFC Bank share price moved up by 8.24%
- 6 Month: HDFC Bank share price moved down by 3.08%
- 7. What are the key metrics to analyse HDFC Bank Share Price?Key Metrics for HDFC Bank are:
- PE Ratio of HDFC Bank is 18.75
- Price/Sales ratio of HDFC Bank is 3.88
- Price to Book ratio of HDFC Bank is 2.64
- 8. What is the PE & PB ratio of HDFC Bank?The PE ratio of HDFC Bank stands at 18.75, while the PB ratio is 3.04.
- 9. Which are the key peers to HDFC Bank?Within Banks sector HDFC Bank, ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., IndusInd Bank Ltd., YES Bank Ltd., IDFC First Bank Ltd., Federal Bank Ltd., Bandhan Bank Ltd., Karur Vysya Bank Ltd. and RBL Bank Ltd. are usually compared together by investors for analysis.
- 10. What has been highest price of HDFC Bank share in last 52 weeks?In last 52 weeks HDFC Bank share had a high price of Rs 1,757.50 and low price of Rs 1,363.55
- 11. What are the HDFC Bank quarterly results?On Consoldiated basis, HDFC Bank reported a total income and profit of Rs 124391.35 Cr and Rs 17622.38 respectively for quarter ending 2024-03-31. Total Income and profit for the year ending 2024-03-31 was Rs null Cr and Rs 64062.04 Cr.
- 12. Who are the key owners of HDFC Bank stock?Following are the key changes to HDFC Bank shareholding:
- Domestic Institutional Investors holding has gone up from 26.68 (30 Jun 2023) to 33.32 (31 Mar 2024)
- Foreign Institutional Investors holding has gone up from 33.38 (30 Jun 2023) to 47.83 (31 Mar 2024)
- Other investor holding has gone up from 14.41 (30 Jun 2023) to 18.84 (31 Mar 2024)
- 13. Is HDFC Bank giving dividend?HDFC Bank Ltd. announced an equity dividend of 1950% on a face value of 1.0 amounting to Rs 19.5 per share on 22 Apr 2024. The ex dividend date was 10 May 2024.
- 14. Should I buy, sell or hold HDFC Bank?As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 41 analysts for HDFC Bank stock is to Buy. Recommendation breakup is as follows
- 20 analysts are recommending Strong Buy
- 17 analysts are recommending to Buy
- 4 analysts are recommending to Hold
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