HDFC Bank Limited (HDFCBANK) | Financial Analysis & Statements
HDFC Bank Limited Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
853.5B
Net Income
170.9B
20.02%
EPS (Diluted)
₹10.56
Balance Sheet Metrics
Total Assets
48.2T
Total Liabilities
39.6T
Shareholders Equity
8.6T
Debt to Equity
4.59
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
HDFC Bank Limited Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2.4T | 2.0T | 1.2T | 1.0T | 936.7B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 1.1T | 951.8B | 400.2B | 320.2B | 293.0B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 1.1T | 951.8B | 400.2B | 320.2B | 293.0B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 861.5B | 705.5B | 662.4B | 519.2B | 439.8B |
| Income Tax | 175.0B | 77.8B | 166.1B | 132.6B | 113.8B |
| Effective Tax Rate % | 20.3% | 11.0% | 25.1% | 25.5% | 25.9% |
| Net Income | 686.5B | 627.6B | 496.3B | 386.6B | 326.0B |
| Net Margin % | 28.9% | 31.6% | 41.2% | 37.9% | 34.8% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | ₹45.01 | ₹88.66 | ₹89.02 | ₹69.76 | ₹59.27 |
| EPS (Diluted) | ₹44.82 | ₹88.31 | ₹88.68 | ₹69.38 | ₹59.02 |
| Basic Shares Outstanding | 15255283286 | 7079296055 | 5565620562 | 5533113800 | 5499587357 |
| Diluted Shares Outstanding | 15255283286 | 7079296055 | 5565620562 | 5533113800 | 5499587357 |
Income Statement Trend
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HDFC Bank Limited Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 3.2T | 3.4T | 2.4T | 1.6T | 1.0T |
| Short-term Investments | 6.0T | 6.5T | 2.8T | 4.4T | 4.3T |
| Accounts Receivable | 323.2B | 249.9B | 194.5B | 136.5B | 123.7B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 216.0B | 185.7B | 115.5B | 94.3B | 85.8B |
| Goodwill | 4.6T | 4.7T | 149.9B | 149.9B | 149.9B |
| Intangible Assets | 1.4T | 1.4T | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 48.2T | 44.1T | - | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 576.8B | 531.5B | 319.4B | 234.7B | 221.8B |
| Short-term Debt | 1.3T | 1.3T | 1.1T | 554.2B | 239.3B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 6.0T | 6.8T | 2.1T | 1.6T | 1.2T |
| Deferred Tax Liabilities | 324.6B | 288.2B | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 39.6T | 36.2T | - | - | - |
| Equity | |||||
| Common Stock | 7.7B | 7.6B | 5.6B | 5.5B | 5.5B |
| Retained Earnings | 2.1T | 1.7T | 1.4T | 1.2T | 897.9B |
| Treasury Stock | 16.9B | 16.9B | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 8.6T | 7.9T | 2.9T | 2.5T | 2.2T |
| Key Metrics | |||||
| Total Debt | 7.3T | 8.1T | 3.2T | 2.2T | 1.5T |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
HDFC Bank Limited Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 686.5B | 627.6B | 496.3B | 386.6B | 326.0B |
| Depreciation & Amortization | 63.0B | 52.3B | 23.5B | 16.8B | 13.9B |
| Stock-Based Compensation | 24.6B | 20.1B | 14.0B | 13.9B | 10.6B |
| Working Capital Changes | 1.9B | 436.6B | -223.1B | 11.4B | 452.6B |
| Operating Cash Flow | 795.2B | 1.1T | 327.6B | 419.6B | 798.2B |
| Investing Activities | |||||
| Capital Expenditures | -65.4B | -52.3B | -43.2B | -26.1B | -17.7B |
| Acquisitions | 0 | 149.8B | 0 | 0 | - |
| Investment Purchases | -4.7T | -4.3T | -1.6T | -1.7T | -3.2T |
| Investment Sales | 3.2T | 3.5T | 1.0T | 1.6T | 2.4T |
| Investing Cash Flow | -1.6T | -670.2B | -606.8B | -174.0B | -841.5B |
| Financing Activities | |||||
| Share Repurchases | - | -2.3B | - | - | - |
| Dividends Paid | -158.1B | -86.6B | -86.4B | -36.2B | -166.6M |
| Debt Issuance | 661.2B | 1.2T | 1.0T | 722.9B | 482.0B |
| Debt Repayment | -1.5T | -1.4T | -558.1B | -353.3B | -326.3B |
| Financing Cash Flow | -967.4B | -31.6B | 915.0B | 648.8B | 18.0B |
| Free Cash Flow | 1.1T | 968.5B | 433.6B | 554.7B | 904.0B |
| Net Change in Cash | -1.8T | 396.4B | 635.9B | 894.4B | -25.2B |
Cash Flow Trend
HDFC Bank Limited Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
17.85
Forward P/E
12.73
Price to Book
2.18
Price to Sales
4.35
PEG Ratio
-0.35
Profitability Ratios
Profit Margin
26.83%
Operating Margin
40.54%
Return on Equity
13.82%
Return on Assets
1.70%
Financial Health
Debt to Equity
1.04
Beta
0.49
Per Share Data
EPS (TTM)
₹44.81
Book Value per Share
₹367.24
Revenue per Share
₹184.47
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| HDFCBANK | 12.1T | 17.85 | 2.18 | 13.82% | 26.83% | 1.04 |
| State Bank of India | 10.2T | 12.01 | 1.72 | 15.36% | 22.50% | 1.12 |
| ICICI Bank | 9.7T | 18.28 | 2.70 | 16.36% | 24.93% | 0.60 |
| Axis Bank | 4.3T | 16.36 | 2.07 | 13.63% | 34.17% | 1.26 |
| Kotak Mahindra Bank | 3.7T | 19.92 | 2.23 | 14.05% | 24.56% | 0.53 |
| Bank of Baroda | 1.4T | 7.51 | 0.89 | 12.81% | 29.96% | 0.86 |
Financial data is updated regularly. All figures are in the company's reporting currency.





