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HDFC Bank share price today

HDFC Bank Ltd · NSE: HDFCBANK · Banks - Private · price as of the 4 November 2026 close, updated every trading day · results updated weekly · research updated 17 October 2026

HDFC Bank share price today: ₹736.70 at the NSE close on 4 November 2026, down 25.0% in a year. HDFC Bank (NSE: HDFCBANK) is worth ₹11,36,234 crore, trades at a P/BV of 1.9 and has closed between ₹692.80 and ₹1,007.60 over the past 52 weeks. Latest change: foreign funds (FIIs) cut their stake for 5 quarters in a row.

Growing steadilyBusiness trend from fewer quarters than usual
₹736.70Price −25.0% in a year
1.9×P/BV lower than 99% of the last 11 years
₹95,132 CrRevenue (Sep 2026) +9.4% on a year ago
₹21,537 CrProfit (Sep 2026) +5.8% on a year ago
22.6%Net margin −0.8 points on a year ago
14%ROE FY26
1.24%Gross NPA (bad loans) −0.18 points on a year ago

HDFC Bank Ltd's earnings have grown faster than its share price. Earnings per share grew +6.8% in a year while the price moved −25.0%.

The main question: yearly earnings per share moved +6.8% while the share price moved −25.0%.

The price has been falling for 37 weeks, and the P/BV is lower than 99% of its own last 11 years. Over the last four quarters, results have been improving, with profit +5.8% on a year earlier, and gross NPA has eased to 1.24%. What will decide it: whether the price catches up with earnings that have already grown.

Left out of this page: Its two data sources disagree by up to 26% on reported income across 15 comparable periods, so nothing from the second source is shown here. That is why the PEG ratio and its quarterly curve, the quarterly return-on-equity and return-on-assets curves, the yearly return-on-assets line and the F-score are missing. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. The quarterly history also starts where the main source starts: 5 earlier quarters from the second source are not added in front of it. Adding to a profit history needs a source that has been checked.

What is the HDFC Bank share price today?

HDFC Bank Ltd's share price was ₹736.70 at the close on 4 November 2026. It has been falling for 37 weeks. That is 6.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹693 and ₹1,008, and at that close it sat 14% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today HDFC Bank Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

1Y

Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.

  • Price ₹737
  • 50-day avg ₹715
  • 200-day avg ₹784
Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹987₹982₹947
7 Nov 2025₹982₹983₹949
14 Nov 2025₹990₹984₹951
21 Nov 2025₹998₹987₹953
28 Nov 2025₹1,008₹989₹955
5 Dec 2025₹1,003₹991₹957
12 Dec 2025₹1,002₹992₹959
19 Dec 2025₹986₹992₹961
26 Dec 2025₹992₹992₹962
2 Jan 2026₹1,002₹992₹964
9 Jan 2026₹939₹985₹963
16 Jan 2026₹931₹977₹962
23 Jan 2026₹916₹967₹960
1 Feb 2026₹922₹961₹959
6 Feb 2026₹941₹958₹958
13 Feb 2026₹904₹951₹956
20 Feb 2026₹912₹946₹954
27 Feb 2026₹888₹938₹952
6 Mar 2026₹857₹928₹949
13 Mar 2026₹817₹911₹943
20 Mar 2026₹780₹895₹937
27 Mar 2026₹756₹875₹930
2 Apr 2026₹751₹860₹925
10 Apr 2026₹810₹848₹918
17 Apr 2026₹800₹841₹914
24 Apr 2026₹785₹833₹908
30 Apr 2026₹772₹825₹903
8 May 2026₹781₹818₹897
15 May 2026₹768₹807₹891
22 May 2026₹767₹799₹884
29 May 2026₹745₹794₹880
4 Jun 2026₹754₹788₹875
5 Jun 2026₹747₹786₹873
10 Jun 2026₹747₹781₹870
12 Jun 2026₹772₹779₹867
17 Jun 2026₹787₹780₹865
19 Jun 2026₹780₹781₹863
24 Jun 2026₹793₹781₹861
25 Jun 2026₹796₹782₹860
1 Jul 2026₹796₹784₹859
3 Jul 2026₹801₹785₹857
10 Jul 2026₹825₹791₹856
17 Jul 2026₹820₹796₹854
24 Jul 2026₹743₹788₹849
31 Jul 2026₹748₹781₹844
7 Aug 2026₹731₹773₹839
14 Aug 2026₹727₹765₹833
21 Aug 2026₹727₹758₹828
28 Aug 2026₹720₹751₹823
4 Sep 2026₹712₹743₹817
11 Sep 2026₹708₹736₹812
18 Sep 2026₹731₹733₹808
25 Sep 2026₹736₹734₹805
1 Oct 2026₹721₹732₹801
9 Oct 2026₹707₹726₹796
16 Oct 2026₹729₹725₹793
23 Oct 2026₹693₹721₹789
30 Oct 2026₹693₹715₹784
4 Nov 2026₹737₹715₹784
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.

  • Price ₹737
  • 50-day avg ₹715
  • 200-day avg ₹784
Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023₹742₹771₹792
12 Nov 2023₹750₹766₹789
17 Nov 2023₹753₹764₹787
24 Nov 2023₹766₹763₹786
1 Dec 2023₹778₹765₹786
8 Dec 2023₹827₹774₹787
15 Dec 2023₹828₹783₹789
22 Dec 2023₹835₹792₹791
29 Dec 2023₹855₹800₹793
5 Jan 2024₹841₹808₹796
12 Jan 2024₹821₹811₹797
20 Jan 2024₹739₹804₹796
25 Jan 2024₹717₹794₹794
2 Feb 2024₹723₹782₹791
9 Feb 2024₹702₹769₹787
16 Feb 2024₹710₹757₹782
23 Feb 2024₹710₹749₹779
2 Mar 2024₹715₹741₹775
7 Mar 2024₹723₹738₹773
15 Mar 2024₹726₹736₹771
22 Mar 2024₹721₹733₹768
28 Mar 2024₹724₹731₹767
5 Apr 2024₹775₹735₹766
12 Apr 2024₹759₹740₹766
19 Apr 2024₹766₹742₹766
26 Apr 2024₹755₹745₹765
3 May 2024₹760₹747₹765
10 May 2024₹719₹746₹764
18 May 2024₹733₹742₹762
24 May 2024₹759₹742₹761
31 May 2024₹766₹746₹761
7 Jun 2024₹787₹751₹762
14 Jun 2024₹798₹758₹763
21 Jun 2024₹833₹768₹765
28 Jun 2024₹842₹782₹769
5 Jul 2024₹824₹796₹774
12 Jul 2024₹811₹799₹776
19 Jul 2024₹804₹800₹777
26 Jul 2024₹809₹802₹778
2 Aug 2024₹830₹804₹780
9 Aug 2024₹825₹806₹782
16 Aug 2024₹816₹807₹783
23 Aug 2024₹813₹808₹785
30 Aug 2024₹818₹810₹786
6 Sep 2024₹818₹812₹788
13 Sep 2024₹833₹815₹790
20 Sep 2024₹871₹821₹793
27 Sep 2024₹876₹832₹797
4 Oct 2024₹829₹835₹799
11 Oct 2024₹826₹833₹800
18 Oct 2024₹841₹834₹802
25 Oct 2024₹872₹840₹806
1 Nov 2024₹869₹846₹809
8 Nov 2024₹877₹851₹812
14 Nov 2024₹846₹852₹814
22 Nov 2024₹873₹854₹816
29 Nov 2024₹898₹862₹820
6 Dec 2024₹928₹873₹825
13 Dec 2024₹936₹884₹830
20 Dec 2024₹886₹888₹834
27 Dec 2024₹899₹889₹836
3 Jan 2025₹875₹889₹839
10 Jan 2025₹828₹881₹839
17 Jan 2025₹818₹870₹838
24 Jan 2025₹825₹862₹838
1 Feb 2025₹845₹857₹838
7 Feb 2025₹866₹858₹839
14 Feb 2025₹847₹857₹839
21 Feb 2025₹846₹856₹840
28 Feb 2025₹866₹855₹841
7 Mar 2025₹845₹854₹841
13 Mar 2025₹853₹853₹841
21 Mar 2025₹885₹857₹843
28 Mar 2025₹914₹866₹846
4 Apr 2025₹909₹871₹848
11 Apr 2025₹903₹873₹849
17 Apr 2025₹953₹881₹852
25 Apr 2025₹956₹896₹858
2 May 2025₹963₹906₹862
9 May 2025₹945₹916₹867
16 May 2025₹967₹925₹871
23 May 2025₹967₹932₹876
30 May 2025₹972₹938₹880
6 Jun 2025₹989₹944₹885
13 Jun 2025₹959₹950₹889
20 Jun 2025₹982₹954₹893
27 Jun 2025₹1,007₹961₹898
4 Jul 2025₹995₹967₹903
11 Jul 2025₹992₹973₹908
18 Jul 2025₹979₹977₹912
25 Jul 2025₹1,002₹982₹916
1 Aug 2025₹1,006₹987₹921
8 Aug 2025₹987₹988₹924
14 Aug 2025₹996₹988₹927
22 Aug 2025₹982₹989₹930
29 Aug 2025₹952₹986₹932
5 Sep 2025₹963₹980₹933
12 Sep 2025₹967₹978₹934
19 Sep 2025₹967₹976₹936
26 Sep 2025₹945₹972₹937
3 Oct 2025₹965₹970₹938
10 Oct 2025₹981₹972₹940
17 Oct 2025₹1,003₹974₹942
24 Oct 2025₹995₹979₹944
31 Oct 2025₹987₹982₹947
7 Nov 2025₹982₹983₹949
14 Nov 2025₹990₹984₹951
21 Nov 2025₹998₹987₹953
28 Nov 2025₹1,008₹989₹955
5 Dec 2025₹1,003₹991₹957
12 Dec 2025₹1,002₹992₹959
19 Dec 2025₹986₹992₹961
26 Dec 2025₹992₹992₹962
2 Jan 2026₹1,002₹992₹964
9 Jan 2026₹939₹985₹963
16 Jan 2026₹931₹977₹962
23 Jan 2026₹916₹967₹960
1 Feb 2026₹922₹961₹959
6 Feb 2026₹941₹958₹958
13 Feb 2026₹904₹951₹956
20 Feb 2026₹912₹946₹954
27 Feb 2026₹888₹938₹952
6 Mar 2026₹857₹928₹949
13 Mar 2026₹817₹911₹943
20 Mar 2026₹780₹895₹937
27 Mar 2026₹756₹875₹930
2 Apr 2026₹751₹860₹925
10 Apr 2026₹810₹848₹918
17 Apr 2026₹800₹841₹914
24 Apr 2026₹785₹833₹908
30 Apr 2026₹772₹825₹903
8 May 2026₹781₹818₹897
15 May 2026₹768₹807₹891
22 May 2026₹767₹799₹884
29 May 2026₹745₹794₹880
4 Jun 2026₹754₹788₹875
5 Jun 2026₹747₹786₹873
10 Jun 2026₹747₹781₹870
12 Jun 2026₹772₹779₹867
17 Jun 2026₹787₹780₹865
19 Jun 2026₹780₹781₹863
24 Jun 2026₹793₹781₹861
25 Jun 2026₹796₹782₹860
1 Jul 2026₹796₹784₹859
3 Jul 2026₹801₹785₹857
10 Jul 2026₹825₹791₹856
17 Jul 2026₹820₹796₹854
24 Jul 2026₹743₹788₹849
31 Jul 2026₹748₹781₹844
7 Aug 2026₹731₹773₹839
14 Aug 2026₹727₹765₹833
21 Aug 2026₹727₹758₹828
28 Aug 2026₹720₹751₹823
4 Sep 2026₹712₹743₹817
11 Sep 2026₹708₹736₹812
18 Sep 2026₹731₹733₹808
25 Sep 2026₹736₹734₹805
1 Oct 2026₹721₹732₹801
9 Oct 2026₹707₹726₹796
16 Oct 2026₹729₹725₹793
23 Oct 2026₹693₹721₹789
30 Oct 2026₹693₹715₹784
4 Nov 2026₹737₹715₹784
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

5Y

Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.

  • Price ₹737
  • 50-day avg ₹715
  • 200-day avg ₹784
Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.
WeekPrice50-day avg200-day avg
29 Oct 2021₹791₹798₹746
12 Nov 2021₹777₹795₹749
26 Nov 2021₹745₹785₹751
10 Dec 2021₹761₹777₹751
24 Dec 2021₹719₹762₹750
7 Jan 2022₹775₹759₹750
21 Jan 2022₹761₹762₹751
4 Feb 2022₹762₹758₹751
18 Feb 2022₹756₹755₹751
4 Mar 2022₹683₹744₹748
17 Mar 2022₹740₹731₹744
1 Apr 2022₹753₹732₹743
13 Apr 2022₹732₹741₹745
29 Apr 2022₹692₹723₹739
13 May 2022₹646₹706₹733
27 May 2022₹696₹692₹727
10 Jun 2022₹676₹691₹723
24 Jun 2022₹677₹681₹717
8 Jul 2022₹699₹681₹714
22 Jul 2022₹696₹682₹711
5 Aug 2022₹714₹692₹711
19 Aug 2022₹747₹706₹713
2 Sep 2022₹743₹715₹715
16 Sep 2022₹746₹727₹719
30 Sep 2022₹711₹726₹719
14 Oct 2022₹720₹721₹718
28 Oct 2022₹729₹722₹719
11 Nov 2022₹806₹734₹723
25 Nov 2022₹809₹758₹731
9 Dec 2022₹816₹774₹738
23 Dec 2022₹799₹788₹745
6 Jan 2023₹797₹795₹752
20 Jan 2023₹830₹799₹757
3 Feb 2023₹829₹805₹762
17 Feb 2023₹828₹813₹768
3 Mar 2023₹808₹810₹772
17 Mar 2023₹786₹804₹774
31 Mar 2023₹805₹800₹775
13 Apr 2023₹846₹807₹779
28 Apr 2023₹844₹817₹784
12 May 2023₹834₹822₹788
26 May 2023₹808₹820₹791
9 Jun 2023₹805₹816₹793
23 Jun 2023₹822₹813₹794
7 Jul 2023₹830₹821₹798
21 Jul 2023₹838₹825₹801
4 Aug 2023₹826₹827₹804
18 Aug 2023₹795₹822₹805
1 Sep 2023₹787₹811₹803
15 Sep 2023₹831₹811₹804
29 Sep 2023₹763₹799₹801
13 Oct 2023₹768₹789₹798
27 Oct 2023₹735₹778₹794
12 Nov 2023₹750₹766₹789
24 Nov 2023₹766₹763₹786
8 Dec 2023₹827₹774₹787
22 Dec 2023₹835₹792₹791
5 Jan 2024₹841₹808₹796
20 Jan 2024₹739₹804₹796
2 Feb 2024₹723₹782₹791
16 Feb 2024₹710₹757₹782
2 Mar 2024₹715₹741₹775
15 Mar 2024₹726₹736₹771
28 Mar 2024₹724₹731₹767
12 Apr 2024₹759₹740₹766
26 Apr 2024₹755₹745₹765
10 May 2024₹719₹746₹764
24 May 2024₹759₹742₹761
7 Jun 2024₹787₹751₹762
21 Jun 2024₹833₹768₹765
5 Jul 2024₹824₹796₹774
19 Jul 2024₹804₹800₹777
2 Aug 2024₹830₹804₹780
16 Aug 2024₹816₹807₹783
30 Aug 2024₹818₹810₹786
13 Sep 2024₹833₹815₹790
27 Sep 2024₹876₹832₹797
11 Oct 2024₹826₹833₹800
25 Oct 2024₹872₹840₹806
8 Nov 2024₹877₹851₹812
22 Nov 2024₹873₹854₹816
6 Dec 2024₹928₹873₹825
20 Dec 2024₹886₹888₹834
3 Jan 2025₹875₹889₹839
17 Jan 2025₹818₹870₹838
1 Feb 2025₹845₹857₹838
14 Feb 2025₹847₹857₹839
28 Feb 2025₹866₹855₹841
13 Mar 2025₹853₹853₹841
28 Mar 2025₹914₹866₹846
11 Apr 2025₹903₹873₹849
25 Apr 2025₹956₹896₹858
9 May 2025₹945₹916₹867
23 May 2025₹967₹932₹876
6 Jun 2025₹989₹944₹885
20 Jun 2025₹982₹954₹893
4 Jul 2025₹995₹967₹903
18 Jul 2025₹979₹977₹912
1 Aug 2025₹1,006₹987₹921
14 Aug 2025₹996₹988₹927
29 Aug 2025₹952₹986₹932
12 Sep 2025₹967₹978₹934
26 Sep 2025₹945₹972₹937
10 Oct 2025₹981₹972₹940
24 Oct 2025₹995₹979₹944
7 Nov 2025₹982₹983₹949
21 Nov 2025₹998₹987₹953
5 Dec 2025₹1,003₹991₹957
19 Dec 2025₹986₹992₹961
2 Jan 2026₹1,002₹992₹964
16 Jan 2026₹931₹977₹962
1 Feb 2026₹922₹961₹959
13 Feb 2026₹904₹951₹956
27 Feb 2026₹888₹938₹952
13 Mar 2026₹817₹911₹943
27 Mar 2026₹756₹875₹930
10 Apr 2026₹810₹848₹918
24 Apr 2026₹785₹833₹908
8 May 2026₹781₹818₹897
22 May 2026₹767₹799₹884
4 Jun 2026₹754₹788₹875
10 Jun 2026₹747₹781₹870
17 Jun 2026₹787₹780₹865
24 Jun 2026₹793₹781₹861
1 Jul 2026₹796₹784₹859
10 Jul 2026₹825₹791₹856
24 Jul 2026₹743₹788₹849
7 Aug 2026₹731₹773₹839
21 Aug 2026₹727₹758₹828
4 Sep 2026₹712₹743₹817
18 Sep 2026₹731₹733₹808
1 Oct 2026₹721₹732₹801
16 Oct 2026₹729₹725₹793
30 Oct 2026₹693₹715₹784
4 Nov 2026₹737₹715₹784
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 5-year window.

10Y

Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.

  • Price ₹737
  • 50-day avg ₹715
  • 200-day avg ₹784
Nov 2026: ₹737, 6.0% below its 200-day average. The price has been falling for 37 weeks.
WeekPrice50-day avg200-day avg
30 Oct 2016₹313₹315₹295
18 Nov 2016₹303₹314₹297
9 Dec 2016₹300₹307₹297
30 Dec 2016₹302₹302₹297
20 Jan 2017₹309₹303₹298
10 Feb 2017₹326₹312₹302
3 Mar 2017₹344₹326₹307
24 Mar 2017₹356₹338₹313
13 Apr 2017₹360₹347₹319
5 May 2017₹383₹361₹326
26 May 2017₹407₹375₹336
16 Jun 2017₹417₹392₹346
7 Jul 2017₹417₹403₹356
28 Jul 2017₹445₹415₹366
18 Aug 2017₹438₹427₹376
8 Sep 2017₹447₹433₹384
29 Sep 2017₹451₹443₹394
19 Oct 2017₹462₹448₹402
10 Nov 2017₹456₹452₹409
1 Dec 2017₹462₹456₹416
22 Dec 2017₹469₹459₹423
12 Jan 2018₹466₹462₹428
2 Feb 2018₹487₹474₹436
23 Feb 2018₹470₹472₹441
16 Mar 2018₹463₹469₹444
6 Apr 2018₹481₹470₹447
27 Apr 2018₹481₹476₹452
18 May 2018₹503₹486₹458
8 Jun 2018₹512₹497₹466
29 Jun 2018₹527₹506₹473
20 Jul 2018₹547₹520₹482
10 Aug 2018₹529₹528₹489
31 Aug 2018₹515₹525₹493
21 Sep 2018₹493₹516₹495
12 Oct 2018₹495₹506₹494
2 Nov 2018₹487₹499₹494
22 Nov 2018₹501₹497₹494
14 Dec 2018₹524₹509₹498
4 Jan 2019₹529₹518₹502
25 Jan 2019₹524₹523₹506
15 Feb 2019₹525₹525₹509
8 Mar 2019₹532₹525₹511
29 Mar 2019₹580₹543₹518
18 Apr 2019₹573₹554₹525
10 May 2019₹574₹563₹531
31 May 2019₹606₹578₹540
21 Jun 2019₹604₹591₹549
12 Jul 2019₹598₹599₹557
2 Aug 2019₹554₹588₹560
23 Aug 2019₹541₹573₹559
13 Sep 2019₹564₹569₹559
4 Oct 2019₹595₹583₹564
27 Oct 2019₹619₹595₹570
15 Nov 2019₹639₹608₹577
6 Dec 2019₹623₹619₹585
27 Dec 2019₹638₹627₹592
17 Jan 2020₹639₹632₹598
7 Feb 2020₹621₹624₹601
28 Feb 2020₹589₹617₹602
20 Mar 2020₹441₹575₹592
9 Apr 2020₹463₹519₹573
30 Apr 2020₹501₹498₹560
22 May 2020₹419₹473₹544
12 Jun 2020₹491₹480₹537
3 Jul 2020₹537₹499₹534
24 Jul 2020₹560₹523₹537
14 Aug 2020₹517₹524₹535
4 Sep 2020₹560₹537₹537
25 Sep 2020₹522₹535₹537
16 Oct 2020₹600₹555₹542
6 Nov 2020₹654₹583₹552
27 Nov 2020₹720₹635₹573
18 Dec 2020₹706₹663₹589
8 Jan 2021₹716₹682₹604
29 Jan 2021₹695₹700₹620
19 Feb 2021₹770₹741₹644
12 Mar 2021₹776₹757₹662
1 Apr 2021₹743₹753₹672
23 Apr 2021₹707₹735₹677
14 May 2021₹693₹723₹681
4 Jun 2021₹750₹733₹690
25 Jun 2021₹758₹738₹697
16 Jul 2021₹761₹745₹705
6 Aug 2021₹746₹736₹707
27 Aug 2021₹774₹748₹715
17 Sep 2021₹791₹763₹724
8 Oct 2021₹801₹778₹734
29 Oct 2021₹791₹798₹746
18 Nov 2021₹770₹792₹750
10 Dec 2021₹761₹777₹751
31 Dec 2021₹740₹756₹749
21 Jan 2022₹761₹762₹751
11 Feb 2022₹759₹756₹751
4 Mar 2022₹683₹744₹748
25 Mar 2022₹715₹732₹744
13 Apr 2022₹732₹741₹745
6 May 2022₹659₹716₹737
27 May 2022₹696₹692₹727
17 Jun 2022₹645₹684₹720
8 Jul 2022₹699₹681₹714
29 Jul 2022₹717₹686₹710
19 Aug 2022₹747₹706₹713
9 Sep 2022₹749₹721₹717
30 Sep 2022₹711₹726₹719
21 Oct 2022₹719₹721₹719
11 Nov 2022₹806₹734₹723
2 Dec 2022₹804₹766₹734
23 Dec 2022₹799₹788₹745
13 Jan 2023₹800₹795₹754
3 Feb 2023₹829₹805₹762
24 Feb 2023₹794₹812₹770
17 Mar 2023₹786₹804₹774
6 Apr 2023₹833₹802₹776
28 Apr 2023₹844₹817₹784
19 May 2023₹823₹822₹790
9 Jun 2023₹805₹816₹793
30 Jun 2023₹851₹816₹796
21 Jul 2023₹838₹825₹801
11 Aug 2023₹809₹825₹805
1 Sep 2023₹787₹811₹803
22 Sep 2023₹765₹807₹803
13 Oct 2023₹768₹789₹798
3 Nov 2023₹742₹771₹792
24 Nov 2023₹766₹763₹786
15 Dec 2023₹828₹783₹789
5 Jan 2024₹841₹808₹796
25 Jan 2024₹717₹794₹794
16 Feb 2024₹710₹757₹782
7 Mar 2024₹723₹738₹773
28 Mar 2024₹724₹731₹767
19 Apr 2024₹766₹742₹766
10 May 2024₹719₹746₹764
31 May 2024₹766₹746₹761
21 Jun 2024₹833₹768₹765
12 Jul 2024₹811₹799₹776
2 Aug 2024₹830₹804₹780
23 Aug 2024₹813₹808₹785
13 Sep 2024₹833₹815₹790
4 Oct 2024₹829₹835₹799
25 Oct 2024₹872₹840₹806
14 Nov 2024₹846₹852₹814
6 Dec 2024₹928₹873₹825
27 Dec 2024₹899₹889₹836
17 Jan 2025₹818₹870₹838
7 Feb 2025₹866₹858₹839
28 Feb 2025₹866₹855₹841
21 Mar 2025₹885₹857₹843
11 Apr 2025₹903₹873₹849
2 May 2025₹963₹906₹862
23 May 2025₹967₹932₹876
13 Jun 2025₹959₹950₹889
4 Jul 2025₹995₹967₹903
25 Jul 2025₹1,002₹982₹916
14 Aug 2025₹996₹988₹927
5 Sep 2025₹963₹980₹933
26 Sep 2025₹945₹972₹937
17 Oct 2025₹1,003₹974₹942
7 Nov 2025₹982₹983₹949
28 Nov 2025₹1,008₹989₹955
19 Dec 2025₹986₹992₹961
9 Jan 2026₹939₹985₹963
1 Feb 2026₹922₹961₹959
20 Feb 2026₹912₹946₹954
13 Mar 2026₹817₹911₹943
2 Apr 2026₹751₹860₹925
24 Apr 2026₹785₹833₹908
15 May 2026₹768₹807₹891
4 Jun 2026₹754₹788₹875
12 Jun 2026₹772₹779₹867
24 Jun 2026₹793₹781₹861
3 Jul 2026₹801₹785₹857
24 Jul 2026₹743₹788₹849
14 Aug 2026₹727₹765₹833
4 Sep 2026₹712₹743₹817
25 Sep 2026₹736₹734₹805
16 Oct 2026₹729₹725₹793
4 Nov 2026₹737₹715₹784
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 10-year window.

Price stage: Rising from Oct 2025 to Feb 2026; Falling from Feb 2026 to Oct 2026.

Price stage: Falling from Nov 2023 to Jun 2024; Sideways from Jun 2024 to Jul 2024; Rising from Jul 2024 to Mar 2025; Sideways from Mar 2025 to Apr 2025; Rising from Apr 2025 to Feb 2026; Falling from Feb 2026 to Oct 2026.

Price stage: Rising from Oct 2021 to Jan 2022; Sideways from Feb 2022 to Mar 2022; Falling from Apr 2022 to Sep 2022; Rising from Sep 2022 to Sep 2023; Falling from Oct 2023 to Jul 2024; Rising from Jul 2024 to Feb 2026; Falling from Feb 2026 to Oct 2026.

Price stage: Rising from Oct 2016 to Feb 2020; Falling from Mar 2020 to Oct 2020; Rising from Nov 2020 to Mar 2022; Falling from Mar 2022 to Sep 2022; Rising from Sep 2022 to Sep 2023; Falling from Oct 2023 to Jul 2024; Rising from Aug 2024 to Feb 2026; Falling from Feb 2026 to Oct 2026.

Week by week since 2016: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 264 of 549 weeks

Week by week since 2016: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
11 Mar 2016no NIFTY 500 reading
18 Mar 2016no NIFTY 500 reading
23 Mar 2016no NIFTY 500 reading
1 Apr 2016no NIFTY 500 reading
8 Apr 2016no NIFTY 500 reading
13 Apr 2016no NIFTY 500 reading
22 Apr 2016no NIFTY 500 reading
29 Apr 2016no NIFTY 500 reading
6 May 2016no NIFTY 500 reading
13 May 2016no NIFTY 500 reading
20 May 2016no NIFTY 500 reading
27 May 2016no NIFTY 500 reading
3 Jun 2016no NIFTY 500 reading
10 Jun 2016+2.8%
17 Jun 2016+6.8%
24 Jun 2016+3.4%
1 Jul 2016−0.2%
8 Jul 2016+1.8%
15 Jul 2016+4.4%
22 Jul 2016+3.5%
29 Jul 2016−1.5%
5 Aug 2016+1.2%
12 Aug 2016−3.2%
19 Aug 2016−2.1%
26 Aug 2016−4.0%
2 Sep 2016−0.5%
9 Sep 2016+2.5%
16 Sep 2016+1.9%
23 Sep 2016+4.2%
30 Sep 2016+1.1%
7 Oct 2016+4.0%
14 Oct 2016−0.9%
21 Oct 2016+0.8%
30 Oct 2016+0.4%
4 Nov 2016+0.0%
11 Nov 2016+9.5%
18 Nov 2016+4.0%
25 Nov 2016+0.1%
2 Dec 2016+0.9%
9 Dec 2016−1.1%
16 Dec 2016−1.0%
23 Dec 2016−0.7%
30 Dec 2016+1.8%
6 Jan 2017−2.6%
13 Jan 2017+0.9%
20 Jan 2017−1.9%
27 Jan 2017−0.6%
3 Feb 2017+0.3%
10 Feb 2017−6.5%
17 Feb 2017+1.5%
23 Feb 2017+7.7%
3 Mar 2017+5.2%
10 Mar 2017+4.7%
17 Mar 2017+7.1%
24 Mar 2017+4.0%
31 Mar 2017+4.5%
7 Apr 2017+8.6%
13 Apr 2017+6.5%
21 Apr 2017+10.1%
28 Apr 2017+10.2%
5 May 2017+7.6%
12 May 2017+7.6%
19 May 2017+8.4%
26 May 2017+8.9%
2 Jun 2017+9.3%
9 Jun 2017+11.8%
16 Jun 2017+9.2%
23 Jun 2017+13.6%
30 Jun 2017+10.1%
7 Jul 2017+9.6%
14 Jul 2017+8.6%
21 Jul 2017+7.5%
28 Jul 2017+8.2%
4 Aug 2017+13.0%
11 Aug 2017+9.9%
18 Aug 2017+6.3%
24 Aug 2017+4.7%
1 Sep 2017+4.6%
8 Sep 2017+2.0%
15 Sep 2017+4.9%
22 Sep 2017+5.8%
29 Sep 2017+6.3%
6 Oct 2017+5.6%
13 Oct 2017+6.4%
19 Oct 2017+4.9%
27 Oct 2017−4.4%
3 Nov 2017−3.3%
10 Nov 2017+0.3%
17 Nov 2017−2.9%
24 Nov 2017−1.7%
1 Dec 2017+1.6%
8 Dec 2017+0.3%
15 Dec 2017−3.4%
22 Dec 2017−7.9%
29 Dec 2017−4.7%
5 Jan 2018−6.0%
12 Jan 2018−7.0%
19 Jan 2018−3.1%
25 Jan 2018+5.3%
2 Feb 2018+5.4%
9 Feb 2018−2.4%
16 Feb 2018+3.2%
23 Feb 2018+1.4%
1 Mar 2018+2.0%
9 Mar 2018+0.0%
16 Mar 2018+3.3%
23 Mar 2018+3.7%
28 Mar 2018+5.6%
6 Apr 2018+7.4%
13 Apr 2018+7.1%
20 Apr 2018+5.3%
27 Apr 2018+0.0%
4 May 2018−0.2%
11 May 2018+8.8%
18 May 2018+8.2%
25 May 2018+6.9%
1 Jun 2018+9.6%
8 Jun 2018+8.1%
15 Jun 2018+5.9%
22 Jun 2018+10.7%
29 Jun 2018+9.3%
6 Jul 2018+8.7%
13 Jul 2018+13.7%
20 Jul 2018+10.9%
27 Jul 2018+12.3%
3 Aug 2018+3.2%
10 Aug 2018+0.8%
17 Aug 2018−5.5%
24 Aug 2018−4.7%
31 Aug 2018−8.4%
7 Sep 2018−2.6%
14 Sep 2018−2.9%
21 Sep 2018−7.3%
28 Sep 2018−3.4%
5 Oct 2018−0.7%
12 Oct 2018−3.6%
19 Oct 2018−0.6%
26 Oct 2018−1.6%
2 Nov 2018+0.2%
9 Nov 2018+0.3%
16 Nov 2018+5.8%
22 Nov 2018+6.7%
30 Nov 2018+10.8%
7 Dec 2018+9.1%
14 Dec 2018+6.4%
21 Dec 2018+10.0%
28 Dec 2018+5.3%
4 Jan 2019+3.4%
11 Jan 2019+2.0%
18 Jan 2019+2.3%
25 Jan 2019+5.4%
1 Feb 2019+5.1%
8 Feb 2019+9.5%
15 Feb 2019+5.9%
22 Feb 2019+4.8%
1 Mar 2019−4.3%
8 Mar 2019−3.8%
15 Mar 2019+4.2%
22 Mar 2019+2.7%
29 Mar 2019+3.1%
5 Apr 2019+3.5%
12 Apr 2019+0.5%
18 Apr 2019+0.8%
26 Apr 2019+0.1%
3 May 2019+10.8%
10 May 2019+5.1%
17 May 2019+3.9%
24 May 2019+4.4%
31 May 2019+9.4%
7 Jun 2019+11.8%
14 Jun 2019+8.4%
21 Jun 2019+4.2%
28 Jun 2019+4.4%
5 Jul 2019+9.6%
12 Jul 2019+8.1%
19 Jul 2019+9.0%
26 Jul 2019+6.2%
2 Aug 2019−1.3%
9 Aug 2019+1.4%
16 Aug 2019+2.0%
23 Aug 2019−0.8%
30 Aug 2019+2.4%
6 Sep 2019−0.7%
13 Sep 2019−0.5%
20 Sep 2019+2.9%
27 Sep 2019+7.2%
4 Oct 2019−1.4%
11 Oct 2019+2.9%
18 Oct 2019+0.2%
27 Oct 2019+1.2%
1 Nov 2019+2.2%
8 Nov 2019+2.7%
15 Nov 2019+4.8%
22 Nov 2019+7.5%
29 Nov 2019+3.7%
6 Dec 2019+4.1%
13 Dec 2019+0.9%
20 Dec 2019+2.5%
27 Dec 2019−4.6%
3 Jan 2020−0.1%
10 Jan 2020−1.7%
17 Jan 2020−1.2%
24 Jan 2020−2.4%
1 Feb 2020−5.7%
7 Feb 2020−5.3%
14 Feb 2020−6.9%
20 Feb 2020−1.8%
28 Feb 2020−2.3%
6 Mar 2020+1.6%
13 Mar 2020+13.6%
20 Mar 2020−0.1%
27 Mar 2020+2.6%
3 Apr 2020−9.0%
9 Apr 2020−0.7%
17 Apr 2020−4.5%
24 Apr 2020−2.5%
30 Apr 2020+7.4%
8 May 2020−1.6%
15 May 2020−1.7%
22 May 2020−10.0%
29 May 2020−7.8%
5 Jun 2020−5.2%
12 Jun 2020−24.3%
19 Jun 2020−9.3%
26 Jun 2020−9.7%
3 Jul 2020+9.3%
10 Jul 2020+1.1%
17 Jul 2020+0.6%
24 Jul 2020+2.6%
31 Jul 2020−16.9%
7 Aug 2020−8.7%
14 Aug 2020−10.3%
21 Aug 2020+3.5%
28 Aug 2020+1.1%
4 Sep 2020−3.7%
11 Sep 2020−8.6%
18 Sep 2020−5.9%
25 Sep 2020−10.4%
1 Oct 2020−6.8%
9 Oct 2020−0.7%
16 Oct 2020+1.3%
23 Oct 2020+4.5%
30 Oct 2020+7.2%
6 Nov 2020+13.7%
14 Nov 2020+19.9%
20 Nov 2020+18.8%
27 Nov 2020+15.2%
4 Dec 2020+3.4%
11 Dec 2020+10.7%
18 Dec 2020+11.4%
24 Dec 2020+10.6%
1 Jan 2021+7.2%
8 Jan 2021−7.3%
15 Jan 2021−1.5%
22 Jan 2021−3.1%
29 Jan 2021−7.2%
5 Feb 2021+1.9%
12 Feb 2021−3.5%
19 Feb 2021−8.1%
26 Feb 2021−11.1%
5 Mar 2021−3.1%
12 Mar 2021+3.4%
19 Mar 2021−2.6%
26 Mar 2021−0.2%
1 Apr 2021−2.0%
9 Apr 2021−1.9%
16 Apr 2021−2.4%
23 Apr 2021−10.5%
30 Apr 2021−0.4%
7 May 2021−12.1%
14 May 2021−14.0%
21 May 2021−7.3%
28 May 2021−6.0%
4 Jun 2021−7.5%
11 Jun 2021−13.9%
18 Jun 2021−11.2%
25 Jun 2021−7.8%
2 Jul 2021−9.6%
9 Jul 2021−6.5%
16 Jul 2021−5.4%
23 Jul 2021−6.5%
30 Jul 2021−11.5%
6 Aug 2021−5.2%
13 Aug 2021+0.0%
20 Aug 2021−7.1%
27 Aug 2021−6.6%
3 Sep 2021−5.5%
9 Sep 2021−5.6%
17 Sep 2021−4.8%
24 Sep 2021−6.3%
1 Oct 2021−4.1%
8 Oct 2021−7.7%
14 Oct 2021−4.5%
22 Oct 2021+2.5%
29 Oct 2021+1.6%
4 Nov 2021−5.1%
12 Nov 2021−7.9%
18 Nov 2021−5.1%
26 Nov 2021−5.4%
3 Dec 2021−5.8%
10 Dec 2021−2.5%
17 Dec 2021−4.6%
24 Dec 2021−8.7%
31 Dec 2021−8.3%
7 Jan 2022−3.5%
14 Jan 2022−7.8%
21 Jan 2022−5.3%
28 Jan 2022−7.6%
4 Feb 2022−1.1%
11 Feb 2022+2.1%
18 Feb 2022+1.8%
25 Feb 2022+1.7%
4 Mar 2022−2.5%
11 Mar 2022−5.1%
17 Mar 2022+0.1%
25 Mar 2022−0.8%
1 Apr 2022+2.2%
8 Apr 2022+1.1%
13 Apr 2022−1.2%
22 Apr 2022−10.4%
29 Apr 2022+0.5%
6 May 2022−5.3%
13 May 2022−9.1%
20 May 2022−6.3%
27 May 2022−3.6%
3 Jun 2022+1.7%
10 Jun 2022+4.3%
17 Jun 2022−1.6%
24 Jun 2022+4.5%
1 Jul 2022+1.0%
8 Jul 2022+1.6%
15 Jul 2022−2.4%
22 Jul 2022+6.1%
29 Jul 2022+0.2%
5 Aug 2022−0.5%
12 Aug 2022+4.5%
19 Aug 2022+1.6%
26 Aug 2022−3.6%
2 Sep 2022−2.7%
9 Sep 2022−5.9%
16 Sep 2022−2.0%
23 Sep 2022−2.1%
30 Sep 2022−4.8%
7 Oct 2022−5.6%
14 Oct 2022−0.7%
21 Oct 2022−3.0%
28 Oct 2022−2.5%
4 Nov 2022+1.0%
11 Nov 2022+6.6%
18 Nov 2022+5.5%
25 Nov 2022+6.4%
2 Dec 2022+4.6%
9 Dec 2022+6.7%
16 Dec 2022+8.8%
23 Dec 2022+4.9%
30 Dec 2022+11.7%
6 Jan 2023+8.3%
13 Jan 2023+8.6%
20 Jan 2023+15.4%
27 Jan 2023+15.0%
3 Feb 2023+14.3%
10 Feb 2023+6.8%
17 Feb 2023+8.0%
24 Feb 2023+6.3%
3 Mar 2023+6.5%
10 Mar 2023+7.7%
17 Mar 2023+2.8%
24 Mar 2023+4.7%
31 Mar 2023+3.3%
6 Apr 2023+6.9%
13 Apr 2023+9.7%
21 Apr 2023+2.0%
28 Apr 2023+1.6%
5 May 2023−4.9%
12 May 2023−1.9%
19 May 2023−6.1%
26 May 2023−5.8%
2 Jun 2023−7.9%
9 Jun 2023−10.9%
16 Jun 2023−10.4%
23 Jun 2023−8.2%
30 Jun 2023−7.1%
7 Jul 2023−11.7%
14 Jul 2023−16.9%
21 Jul 2023−13.1%
28 Jul 2023−13.0%
4 Aug 2023−8.3%
11 Aug 2023−12.2%
18 Aug 2023−12.7%
25 Aug 2023−11.0%
1 Sep 2023−10.0%
8 Sep 2023−8.2%
15 Sep 2023−3.8%
22 Sep 2023−13.5%
29 Sep 2023−13.5%
6 Oct 2023−12.2%
13 Oct 2023−8.9%
20 Oct 2023−7.9%
27 Oct 2023−9.9%
3 Nov 2023−11.7%
12 Nov 2023−11.9%
17 Nov 2023−9.4%
24 Nov 2023−7.4%
1 Dec 2023−9.3%
8 Dec 2023−5.2%
15 Dec 2023−7.9%
22 Dec 2023−2.0%
29 Dec 2023−1.1%
5 Jan 2024−2.5%
12 Jan 2024−5.5%
20 Jan 2024−18.9%
25 Jan 2024−20.7%
2 Feb 2024−19.0%
9 Feb 2024−19.4%
16 Feb 2024−19.8%
23 Feb 2024−19.1%
2 Mar 2024−13.2%
7 Mar 2024−17.3%
15 Mar 2024−16.8%
22 Mar 2024−17.7%
28 Mar 2024−21.7%
5 Apr 2024−15.0%
12 Apr 2024−12.2%
19 Apr 2024−3.0%
26 Apr 2024−0.8%
3 May 2024+2.1%
10 May 2024−1.7%
18 May 2024−2.3%
24 May 2024+0.6%
31 May 2024−0.1%
7 Jun 2024−3.0%
14 Jun 2024−3.3%
21 Jun 2024+3.8%
28 Jun 2024+5.4%
5 Jul 2024−3.5%
12 Jul 2024−6.8%
19 Jul 2024−5.6%
26 Jul 2024−4.9%
2 Aug 2024−1.2%
9 Aug 2024+5.5%
16 Aug 2024+1.3%
23 Aug 2024−4.0%
30 Aug 2024−5.9%
6 Sep 2024−3.1%
13 Sep 2024−3.2%
20 Sep 2024−4.1%
27 Sep 2024−2.1%
4 Oct 2024−2.1%
11 Oct 2024−0.3%
18 Oct 2024+5.0%
25 Oct 2024+11.1%
1 Nov 2024+3.9%
8 Nov 2024+9.7%
14 Nov 2024+9.6%
22 Nov 2024+11.3%
29 Nov 2024+12.5%
6 Dec 2024+14.1%
13 Dec 2024+16.4%
20 Dec 2024+9.8%
27 Dec 2024+10.4%
3 Jan 2025+11.3%
10 Jan 2025+9.3%
17 Jan 2025+3.6%
24 Jan 2025+1.2%
1 Feb 2025+2.7%
7 Feb 2025+3.4%
14 Feb 2025+5.9%
21 Feb 2025+7.0%
28 Feb 2025+8.8%
7 Mar 2025+4.3%
13 Mar 2025+0.2%
21 Mar 2025+5.0%
28 Mar 2025+6.6%
4 Apr 2025+12.3%
11 Apr 2025+9.7%
17 Apr 2025+12.6%
25 Apr 2025+12.2%
2 May 2025+12.5%
9 May 2025+1.4%
16 May 2025+4.5%
23 May 2025+2.7%
30 May 2025−0.3%
6 Jun 2025+2.0%
13 Jun 2025+2.5%
20 Jun 2025+1.5%
27 Jun 2025−0.5%
4 Jul 2025−6.3%
11 Jul 2025+0.1%
18 Jul 2025−2.7%
25 Jul 2025+0.3%
1 Aug 2025+1.8%
8 Aug 2025+3.6%
14 Aug 2025+1.1%
22 Aug 2025+1.7%
29 Aug 2025−2.4%
5 Sep 2025−1.5%
12 Sep 2025−1.4%
19 Sep 2025−1.1%
26 Sep 2025−3.6%
3 Oct 2025−1.1%
10 Oct 2025−0.7%
17 Oct 2025+1.0%
24 Oct 2025−4.7%
31 Oct 2025−6.3%
7 Nov 2025−5.5%
14 Nov 2025−3.9%
21 Nov 2025−3.6%
28 Nov 2025+2.2%
5 Dec 2025+2.7%
12 Dec 2025+3.3%
19 Dec 2025−1.0%
26 Dec 2025+0.9%
2 Jan 2026−0.1%
9 Jan 2026−4.7%
16 Jan 2026−3.2%
23 Jan 2026−4.3%
1 Feb 2026−5.6%
6 Feb 2026−4.0%
13 Feb 2026−7.6%
20 Feb 2026−6.3%
27 Feb 2026−6.4%
6 Mar 2026−10.6%
13 Mar 2026−11.7%
20 Mar 2026−10.9%
27 Mar 2026−11.5%
2 Apr 2026−17.2%
10 Apr 2026−10.0%
17 Apr 2026−14.8%
24 Apr 2026−13.4%
30 Apr 2026−15.0%
8 May 2026−11.8%
15 May 2026−10.4%
22 May 2026−12.7%
29 May 2026−17.2%
4 Jun 2026−11.9%
5 Jun 2026−11.1%
10 Jun 2026−9.5%
12 Jun 2026−5.8%
17 Jun 2026+0.3%
19 Jun 2026−6.2%
24 Jun 2026−1.4%
25 Jun 2026+0.4%
1 Jul 2026+2.4%
3 Jul 2026−0.8%
10 Jul 2026+3.9%
17 Jul 2026+3.9%
24 Jul 2026−1.4%
31 Jul 2026−5.2%
7 Aug 2026−7.7%
14 Aug 2026−7.1%
21 Aug 2026−10.0%
28 Aug 2026−10.1%
4 Sep 2026−9.2%
11 Sep 2026−9.6%
18 Sep 2026−7.0%
25 Sep 2026−4.6%
1 Oct 2026−3.8%
9 Oct 2026−7.9%
16 Oct 2026−6.5%
23 Oct 2026−0.2%
30 Oct 2026−0.7%
4 Nov 2026+8.4%
Each bar is one week, from 2016 to now (549 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 11 years the share price moved +186% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at HDFC Bank this quarter?

Three changes stood out: foreign funds (FIIs) cut their stake for 5 quarters in a row, indian funds and insurers (DIIs) raised their stake for 7 quarters in a row and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

  1. Foreign funds (FIIs) cut their stake for 5 quarters in a row

    From 48.8% to 39.4% of the company by the September 2026 quarter.

  2. Indian funds and insurers (DIIs) raised their stake for 7 quarters in a row

    From 34.4% to 43.4% of the company by the September 2026 quarter.

  3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

    In the September 2026 quarter revenue was ₹95,132 crore, +9.4% on a year earlier.

    Why: The bank made more loans, led by retail and small business customers, and its deposit base grew. That gave it more lending business to earn from.

    Next results: check whether the margin turns up as management expects, because that decides how much the bank earns on each loan.

    From the earnings call on 17 Oct 2026.

What are HDFC Bank's latest quarterly results?

For July to September 2026 (the quarter ended 30 September 2026), HDFC Bank reported total income of ₹95,132 crore, up 9.4% from ₹86,994 crore a year earlier, and a profit of ₹21,537 crore, up 5.8% from ₹20,364 crore.

HDFC Bank results: July to September 2026 against a year earlier

HDFC Bank results: July to September 2026 against a year earlier
MeasureJuly to September 2026July to September 2025Change
Total income₹95,132 crore₹86,994 crore+9.4%
Profit₹21,537 crore₹20,364 crore+5.8%
Earnings per share₹13.43₹12.76+5.3%
Net margin22.6%23.4%−0.8 points

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

HDFC Bank's management discussed these results on a call held on 17 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

What is the HDFC Bank share price history?

HDFC Bank closed at ₹736.70 on 4 November 2026, down 25.0% from ₹982.30 a year earlier (7 November 2025) and down 7.6% over five years. Its highest weekly close since March 2016 was ₹1,007.60 on 28 November 2025.

HDFC Bank share price: then and now

HDFC Bank share price: then and now
WhenCloseChange to 4 Nov 2026
1 week ago · 30 Oct 2026₹692.80+6.3%
1 month ago · 1 Oct 2026₹721.20+2.1%
6 months ago · 8 May 2026₹780.85−5.7%
1 year ago · 7 Nov 2025₹982.30−25.0%
3 years ago · 3 Nov 2023₹741.88−0.7%
5 years ago · 4 Nov 2021₹796.98−7.6%
10 years ago · 4 Nov 2016₹310.93+136.9%
Earliest weekly close in our records · 11 Mar 2016₹257.18+186.5%
Highest weekly close since March 2016, also the 52-week high · 28 Nov 2025₹1,007.60−26.9%
Lowest weekly close since March 2016 · 18 Mar 2016₹257.10+186.5%
52-week low (weekly close) · 23 Oct 2026₹692.80+6.3%

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

What is the latest news on HDFC Bank?

4 Nov 2026: HDFC Bank closed at ₹736.70, up 6.3% on the week and up 2.1% on the month. 17 Oct 2026: HDFC Bank held its results call for July to September 2026. Management guided: NIM trajectory neutral-to-positive from the next quarter; the October rate change partly reflects by December across a roughly 70% floating-rate book.

Earlier

  • Results for July to September 2026: Total income up 9.4% and profit up 5.8% on a year earlier.
  • 19 Jun 2026: ex-date for a dividend of ₹13 a share.
  • 26 Aug 2025: Bonus issue: 1 new share for every 1 held (ex-date).

What dividend does HDFC Bank pay?

HDFC Bank paid ₹13 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.76% at the ₹736.70 close on 4 November 2026. The last was a dividend of ₹13 a share, ex-date 19 June 2026.

HDFC Bank dividends since 1 April 2021

HDFC Bank dividends since 1 April 2021
Ex-dateDividend per shareTypeRecord date
19 Jun 2026Dividend₹13Dividendsame day
25 Jul 2025Special₹5Specialsame day
27 Jun 2025Dividend₹22Dividendsame day
10 May 2024Dividend₹19.50Dividendsame day
16 May 2023Dividend₹19Dividendsame day
12 May 2022Dividend₹15.50Dividend13 May 2022
29 Jun 2021Dividend₹6.50Dividend30 Jun 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

5 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. HDFC Bank Ltd paid out 31% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

What did HDFC Bank management say on the latest results call?

On the call for July to September 2026, held on 17 October 2026, HDFC Bank's management guided: NIM trajectory neutral-to-positive from the next quarter; the October rate change partly reflects by December across a roughly 70% floating-rate book.

“I will soon present a perspective on growth, margins, quality, and productivity, built on disciplined capital deployment and a strong execution culture founded on governance, excellence, and trust. - Anup”MD & CEO, on the call for July to September 2026

What management guided

  • LCR operating range of 110%-120%, with a preferred zone of 110%-115% and midpoint near 115%.
  • Retail deposits expected to become a larger share as exceptional outflows recede and balance-sheet alternatives develop.
  • Core liability and LCR actions, including balance-sheet adjustments, expected over the next couple of quarters.
  • Employee count expected to remain flat before rising over a 3-4-year horizon, with roles shifting toward frontline and technology.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 17 October 2026.

What to watch in HDFC Bank's next results?

When HDFC Bank reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Next-quarter margin trend to test whether the stated neutral-to-positive trajectory emerges.

HDFC Bank: what to watch next quarter
What to check (from the call)
Next-quarter margin trend to test whether the stated neutral-to-positive trajectory emerges.
Retail funding share and branch-led deposit momentum to show less masking as exceptional outflows recede.
Final insurance rules to clarify commission impact against persistency, volume and variable-cost offsets.
Anup's strategy presentation to specify balance-sheet, funding-mix and growth priorities.

Which stock lists is HDFC Bank on?

HDFC Bank is on 4 of our India lists: Nifty 50 companies, 52 week high & low, Dividend stocks and Bank stocks.

Is HDFC Bank profitable?

HDFC Bank Ltd earned ₹21,537 Cr of net profit in the Sep 2026 quarter, +5.8% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹79,219 Cr. Over 10 years profit has grown 20.0% a year on average. That is 22.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹20,364 Cr.

For the full year, FY26 profit was ₹79,219 Cr (+7.9% on the year before).

FY26 profit ₹79,219 Cr (+7.9% on the year before), 20.0% a year over 10 years

  • Net profit ₹79,219
FY26 profit ₹79,219 Cr (+7.9% on the year before), 20.0% a year over 10 years
QuarterNet profit
FY16₹12,821
FY17₹15,317
FY18₹18,561
FY19₹22,446
FY20₹27,296
FY21₹31,857
FY22₹38,151
FY23₹46,149
FY24₹65,446
FY25₹73,440
FY26₹79,219

Growth on a year earlier

  • Growth on a year earlier 7.9%
Growth on a year earlier
QuarterGrowth on a year earlier
FY1619.8%
FY1719.5%
FY1821.2%
FY1920.9%
FY2021.6%
FY2116.7%
FY2219.8%
FY2321%
FY2441.8%
FY2512.2%
FY267.9%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Sep 2026: ₹21,537 Cr (+5.8% on a year earlier), the 5th quarter in a row of growth

  • Net profit (quarterly) ₹21,537
Sep 2026: ₹21,537 Cr (+5.8% on a year earlier), the 5th quarter in a row of growth
QuarterNet profit (quarterly)
Dec 2023₹17,718
Mar 2024₹18,013
Jun 2024₹17,188
Sep 2024₹18,627
Dec 2024₹18,340
Mar 2025₹19,285
Jun 2025₹17,090
Sep 2025₹20,364
Dec 2025₹20,691
Mar 2026₹21,074
Jun 2026₹20,383
Sep 2026₹21,537

Growth on a year earlier

  • Growth on a year earlier 5.8%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 202339.1%
Mar 202442.6%
Jun 202438.6%
Sep 20247.6%
Dec 20243.5%
Mar 20257.1%
Jun 2025−0.6%
Sep 20259.3%
Dec 202512.8%
Mar 20269.3%
Jun 202619.3%
Sep 20265.8%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +9.4% on a year earlier and the margin moved −0.8 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +11.8% and revenue +4.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

How much revenue does HDFC Bank make, and is it growing?

HDFC Bank Ltd reported ₹95,132 Cr of income in the Sep 2026 quarter, +9.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 18.6% a year on average. The last full year, FY26, came in at ₹3,48,615 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

The last four reported quarters add to ₹3,59,956 Cr.

FY26 revenue was ₹3,48,615 Cr, +3.6% on the year before.

FY26 revenue ₹3,48,615 Cr (+3.6% on the year before), 18.6% a year over 10 years

  • Revenue ₹3,48,615
FY26 revenue ₹3,48,615 Cr (+3.6% on the year before), 18.6% a year over 10 years
QuarterRevenue
FY16₹63,162
FY17₹73,271
FY18₹85,288
FY19₹1,05,161
FY20₹1,22,189
FY21₹1,28,552
FY22₹1,35,936
FY23₹1,70,754
FY24₹2,83,649
FY25₹3,36,367
FY26₹3,48,615

Growth on a year earlier

  • Growth on a year earlier 3.6%
Growth on a year earlier
QuarterGrowth on a year earlier
FY1624.7%
FY1716%
FY1816.4%
FY1923.3%
FY2016.2%
FY215.2%
FY225.7%
FY2325.6%
FY2466.1%
FY2518.6%
FY263.6%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Sep 2026: ₹95,132 Cr (+9.4% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) ₹95,132
Sep 2026: ₹95,132 Cr (+9.4% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023₹78,008
Mar 2024₹79,434
Jun 2024₹81,546
Sep 2024₹83,002
Dec 2024₹85,040
Mar 2025₹86,779
Jun 2025₹87,372
Sep 2025₹86,994
Dec 2025₹87,067
Mar 2026₹87,182
Jun 2026₹90,575
Sep 2026₹95,132

Growth on a year earlier

  • Growth on a year earlier 9.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 202373.3%
Mar 202467.1%
Jun 202459.4%
Sep 202410.6%
Dec 20249%
Mar 20259.2%
Jun 20257.1%
Sep 20254.8%
Dec 20252.4%
Mar 20260.5%
Jun 20263.7%
Sep 20269.4%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +4.0% on average, against 18.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +4.0%, against +5.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +11.5%, against +8.2% a year (accelerating).

How much does HDFC Bank keep from what it earns?

HDFC Bank Ltd's net margin was 22.6% in the Sep 2026 quarter, 0.8 percentage points lower than the same quarter a year ago. Across 13 years it has been between 20.3% and 28.1%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

FY26: 22.7%, within a range of 20.3% to 28.1% over 13 years

  • Net margin 22.7%
FY26: 22.7%, within a range of 20.3% to 28.1% over 13 years
QuarterNet margin
FY1420.6%
FY1521.1%
FY1620.3%
FY1720.9%
FY1821.8%
FY1921.3%
FY2022.3%
FY2124.8%
FY2228.1%
FY2327%
FY2423.1%
FY2521.8%
FY2622.7%

Change on the year before (points)

  • Change on the year before (points) +0.9 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY14–
FY15+0.5 pts
FY16−0.8 pts
FY17+0.6 pts
FY18+0.9 pts
FY19−0.5 pts
FY20+1.0 pts
FY21+2.5 pts
FY22+3.3 pts
FY23−1.1 pts
FY24−3.9 pts
FY25−1.3 pts
FY26+0.9 pts
Net margin each year, % (top). Below: change on the year before, in percentage points. 13-year window.

Sep 2026: net margin 22.6% (−0.8 points on a year earlier)

  • Net margin 22.6%
Sep 2026: net margin 22.6% (−0.8 points on a year earlier)
QuarterNet margin
Dec 202322.7%
Mar 202422.7%
Jun 202421.1%
Sep 202422.4%
Dec 202421.6%
Mar 202522.2%
Jun 202519.6%
Sep 202523.4%
Dec 202523.8%
Mar 202624.2%
Jun 202622.5%
Sep 202622.6%

Change on a year earlier (points)

  • Change on a year earlier (points) −0.8 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023−5.6 pts
Mar 2024−3.9 pts
Jun 2024−3.1 pts
Sep 2024−0.7 pts
Dec 2024−1.1 pts
Mar 2025−0.5 pts
Jun 2025−1.5 pts
Sep 2025+1.0 pts
Dec 2025+2.2 pts
Mar 2026+2.0 pts
Jun 2026+2.9 pts
Sep 2026−0.8 pts
Top: quarterly net margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Net profit as a share of total revenue, each quarter.

How many of HDFC Bank's loans have gone bad?

HDFC Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.24% in Dec 2025, down from 1.42% a year ago. After the money already set aside for bad loans, 0.42% is left (net NPA). That is the 2nd quarter in a row of improvement.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Across the 9 quarters on file it has been between 1.24% and 1.42%. Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Dec 2025, gross NPA was 1.24% and net NPA 0.42%, against 1.42% and 0.46% a year ago.

The bad-loan figures stop at Dec 2025, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated.

Year ends: gross NPA 1.24% (Mar 2024) to 1.33% (Mar 2025)

  • Gross NPA 1.33%
  • Net NPA 0.43%
Year ends: gross NPA 1.24% (Mar 2024) to 1.33% (Mar 2025)
QuarterGross NPANet NPA
Mar 20241.24%0.33%
Mar 20251.33%0.43%
Gross and net NPA at each year end, % of the loan book (lines). 2 year ends on file. The gap between the two lines is the part already set aside.

Dec 2025: gross NPA 1.24% (−0.18 points on a year earlier), better for 2 quarters in a row

  • Gross NPA 1.24%
  • Net NPA 0.42%
Dec 2025: gross NPA 1.24% (−0.18 points on a year earlier), better for 2 quarters in a row
QuarterGross NPANet NPA
Dec 20231.26%0.31%
Mar 20241.24%0.33%
Jun 20241.33%0.39%
Sep 20241.36%0.41%
Dec 20241.42%0.46%
Mar 20251.33%0.43%
Jun 20251.4%0.47%
Sep 20251.24%0.42%
Dec 20251.24%0.42%
Gross and net NPA as % of the loan book, each quarter, last 9 quarters.

In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

How fast is HDFC Bank's loan book growing?

HDFC Bank Ltd's revenue was ₹3,48,615 Cr in FY26, +3.6% on the year before, so the loan book is growing. The latest quarter was +9.4% on a year earlier. The net margin on that income is 22.6%, −0.8 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

FY26: revenue ₹3,48,615 Cr (+3.6% on the year before), net margin 22.7%

  • Revenue ₹3,48,615
FY26: revenue ₹3,48,615 Cr (+3.6% on the year before), net margin 22.7%
QuarterRevenue
FY16₹63,162
FY17₹73,271
FY18₹85,288
FY19₹1,05,161
FY20₹1,22,189
FY21₹1,28,552
FY22₹1,35,936
FY23₹1,70,754
FY24₹2,83,649
FY25₹3,36,367
FY26₹3,48,615

Net margin

  • Net margin 22.7%
Net margin
QuarterNet margin
FY1620.3%
FY1720.9%
FY1821.8%
FY1921.3%
FY2022.3%
FY2124.8%
FY2228.1%
FY2327%
FY2423.1%
FY2521.8%
FY2622.7%
Top: revenue each year, ₹ Cr. Below: net margin, %. 11-year window. A grey bar is lower than the year before.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

What is HDFC Bank's P/BV ratio, and how does it compare with its own history?

HDFC Bank Ltd's P/BV is 1.9×, about the lowest it has ever been. Its usual P/BV (the middle reading) is 3.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

P/BV 1.9× against a usual 3.5×: about the lowest it has ever been

  • P/BV 1.80×
  • Median 3.50×
P/BV 1.9× against a usual 3.5×: about the lowest it has ever been
WeekP/BVMedian
11 Mar 20164.10×3.50×
1 Apr 20164.20×3.50×
22 Apr 20164.30×3.50×
13 May 20164.50×3.50×
3 Jun 20164.70×3.50×
24 Jun 20164.00×3.50×
15 Jul 20164.20×3.50×
5 Aug 20164.20×3.50×
26 Aug 20164.30×3.50×
16 Sep 20164.40×3.50×
7 Oct 20164.40×3.50×
30 Oct 20164.30×3.50×
18 Nov 20164.10×3.50×
9 Dec 20164.10×3.50×
30 Dec 20164.10×3.50×
20 Jan 20174.20×3.50×
10 Feb 20174.40×3.50×
3 Mar 20174.70×3.50×
24 Mar 20174.80×3.50×
13 Apr 20174.90×3.50×
5 May 20175.20×3.50×
26 May 20175.50×3.50×
16 Jun 20175.60×3.50×
7 Jul 20174.70×3.50×
28 Jul 20175.00×3.50×
18 Aug 20174.90×3.50×
8 Sep 20175.00×3.50×
29 Sep 20175.00×3.50×
19 Oct 20175.20×3.50×
10 Nov 20175.10×3.50×
1 Dec 20175.20×3.50×
22 Dec 20175.20×3.50×
12 Jan 20185.20×3.50×
2 Feb 20185.40×3.50×
23 Feb 20185.20×3.50×
16 Mar 20185.20×3.50×
6 Apr 20185.40×3.50×
27 Apr 20185.40×3.50×
18 May 20185.60×3.50×
8 Jun 20184.80×3.50×
29 Jun 20185.00×3.50×
18 Apr 20195.40×3.50×
10 May 20195.40×3.50×
31 May 20195.60×3.50×
21 Jun 20194.30×3.50×
2 Aug 20193.80×3.50×
23 Aug 20193.70×3.50×
13 Sep 20193.90×3.50×
4 Oct 20194.00×3.50×
27 Oct 20194.20×3.50×
15 Nov 20194.30×3.50×
6 Dec 20194.20×3.50×
27 Dec 20194.30×3.50×
17 Jan 20204.20×3.50×
7 Feb 20204.00×3.50×
28 Feb 20203.80×3.50×
20 Mar 20202.90×3.50×
9 Apr 20203.30×3.50×
30 Apr 20203.50×3.50×
22 May 20203.00×3.50×
12 Jun 20203.50×3.50×
3 Jul 20203.20×3.50×
24 Jul 20203.40×3.50×
14 Aug 20203.10×3.50×
4 Sep 20203.40×3.50×
25 Sep 20203.10×3.50×
16 Oct 20203.40×3.50×
6 Nov 20203.80×3.50×
27 Nov 20204.10×3.50×
18 Dec 20204.00×3.50×
8 Jan 20213.90×3.50×
29 Jan 20213.80×3.50×
19 Feb 20214.20×3.50×
12 Mar 20214.20×3.50×
1 Apr 20214.60×3.50×
23 Apr 20214.40×3.50×
14 May 20214.30×3.50×
4 Jun 20214.70×3.50×
25 Jun 20214.00×3.50×
16 Jul 20213.80×3.50×
6 Aug 20213.80×3.50×
27 Aug 20213.90×3.50×
17 Sep 20214.00×3.50×
8 Oct 20213.90×3.50×
29 Oct 20213.90×3.50×
18 Nov 20213.80×3.50×
10 Dec 20213.70×3.50×
31 Dec 20213.50×3.50×
21 Jan 20223.60×3.50×
11 Feb 20223.60×3.50×
4 Mar 20223.20×3.50×
25 Mar 20223.40×3.50×
13 Apr 20223.90×3.50×
6 May 20223.50×3.50×
27 May 20223.70×3.50×
17 Jun 20223.40×3.50×
8 Jul 20223.00×3.50×
29 Jul 20223.10×3.50×
19 Aug 20223.20×3.50×
9 Sep 20223.20×3.50×
30 Sep 20223.00×3.50×
21 Oct 20223.00×3.50×
11 Nov 20223.40×3.50×
2 Dec 20223.40×3.50×
23 Dec 20223.40×3.50×
13 Jan 20233.20×3.50×
3 Feb 20233.40×3.50×
24 Feb 20233.20×3.50×
17 Mar 20233.20×3.50×
6 Apr 20233.70×3.50×
28 Apr 20233.80×3.50×
19 May 20233.70×3.50×
9 Jun 20233.60×3.50×
30 Jun 20233.10×3.50×
21 Jul 20233.10×3.50×
11 Aug 20233.00×3.50×
1 Sep 20232.90×3.50×
22 Sep 20232.80×3.50×
13 Oct 20232.10×3.50×
3 Nov 20232.70×3.50×
24 Nov 20232.80×3.50×
15 Dec 20233.00×3.50×
5 Jan 20242.90×3.50×
25 Jan 20242.50×3.50×
16 Feb 20242.50×3.50×
7 Mar 20242.50×3.50×
28 Mar 20242.50×3.50×
19 Apr 20243.00×3.50×
10 May 20242.80×3.50×
31 May 20243.00×3.50×
21 Jun 20243.20×3.50×
12 Jul 20242.60×3.50×
2 Aug 20242.70×3.50×
23 Aug 20242.60×3.50×
13 Sep 20242.70×3.50×
4 Oct 20242.60×3.50×
25 Oct 20242.80×3.50×
14 Nov 20242.70×3.50×
6 Dec 20243.00×3.50×
27 Dec 20242.90×3.50×
17 Jan 20252.50×3.50×
7 Feb 20252.70×3.50×
28 Feb 20252.70×3.50×
21 Mar 20252.70×3.50×
11 Apr 20253.00×3.50×
2 May 20253.20×3.50×
23 May 20253.20×3.50×
13 Jun 20253.20×3.50×
4 Jul 20253.30×3.50×
25 Jul 20252.90×3.50×
14 Aug 20252.90×3.50×
5 Sep 20252.80×3.50×
26 Sep 20252.80×3.50×
17 Oct 20252.90×3.50×
7 Nov 20252.80×3.50×
28 Nov 20252.90×3.50×
19 Dec 20252.80×3.50×
9 Jan 20262.60×3.50×
1 Feb 20262.50×3.50×
20 Feb 20262.50×3.50×
13 Mar 20262.20×3.50×
2 Apr 20262.20×3.50×
24 Apr 20262.30×3.50×
15 May 20262.20×3.50×
4 Jun 20262.00×3.50×
12 Jun 20262.30×3.50×
24 Jun 20262.10×3.50×
3 Jul 20262.00×3.50×
24 Jul 20261.90×3.50×
14 Aug 20261.90×3.50×
4 Sep 20261.80×3.50×
25 Sep 20261.90×3.50×
16 Oct 20261.90×3.50×
30 Oct 20261.80×3.50×

Book value per share

  • Book value per share ₹385
Book value per share
WeekBook value per share
11 Mar 2016–
1 Apr 2016₹63
22 Apr 2016₹63
13 May 2016₹63
3 Jun 2016₹63
24 Jun 2016₹73
15 Jul 2016₹73
5 Aug 2016₹73
26 Aug 2016₹73
16 Sep 2016₹73
7 Oct 2016₹74
30 Oct 2016₹74
18 Nov 2016₹74
9 Dec 2016₹74
30 Dec 2016₹74
20 Jan 2017₹74
10 Feb 2017₹74
3 Mar 2017₹74
24 Mar 2017₹74
13 Apr 2017₹74
5 May 2017₹74
26 May 2017₹74
16 Jun 2017₹74
7 Jul 2017₹90
28 Jul 2017₹90
18 Aug 2017₹90
8 Sep 2017₹90
29 Sep 2017₹90
19 Oct 2017₹90
10 Nov 2017₹90
1 Dec 2017₹90
22 Dec 2017₹90
12 Jan 2018₹90
2 Feb 2018₹90
23 Feb 2018₹90
16 Mar 2018₹90
6 Apr 2018₹89
27 Apr 2018₹89
18 May 2018₹89
8 Jun 2018₹89
29 Jun 2018₹105
18 Apr 2019₹105
10 May 2019₹105
31 May 2019₹105
21 Jun 2019₹142
2 Aug 2019₹142
23 Aug 2019₹142
13 Sep 2019₹142
4 Oct 2019₹148
27 Oct 2019₹148
15 Nov 2019₹148
6 Dec 2019₹148
27 Dec 2019₹148
17 Jan 2020₹148
7 Feb 2020₹148
28 Feb 2020₹148
20 Mar 2020₹156
9 Apr 2020₹156
30 Apr 2020₹156
22 May 2020₹156
12 Jun 2020₹156
3 Jul 2020₹160
24 Jul 2020₹160
14 Aug 2020₹160
4 Sep 2020₹160
25 Sep 2020₹168
16 Oct 2020₹168
6 Nov 2020₹168
27 Nov 2020₹168
18 Dec 2020₹175
8 Jan 2021₹175
29 Jan 2021₹175
19 Feb 2021₹175
12 Mar 2021₹175
1 Apr 2021₹182
23 Apr 2021₹182
14 May 2021₹182
4 Jun 2021₹182
25 Jun 2021₹189
16 Jul 2021₹189
6 Aug 2021₹189
27 Aug 2021₹189
17 Sep 2021₹200
8 Oct 2021₹200
29 Oct 2021₹200
18 Nov 2021₹200
10 Dec 2021₹200
31 Dec 2021₹211
21 Jan 2022₹211
11 Feb 2022₹211
4 Mar 2022₹211
25 Mar 2022₹210
13 Apr 2022₹210
6 May 2022₹210
27 May 2022₹210
17 Jun 2022₹226
8 Jul 2022₹226
29 Jul 2022₹226
19 Aug 2022₹226
9 Sep 2022₹226
30 Sep 2022₹237
21 Oct 2022₹237
11 Nov 2022₹237
2 Dec 2022₹237
23 Dec 2022₹233
13 Jan 2023₹233
3 Feb 2023₹233
24 Feb 2023₹233
17 Mar 2023₹233
6 Apr 2023₹224
28 Apr 2023₹224
19 May 2023₹224
9 Jun 2023₹224
30 Jun 2023₹274
21 Jul 2023₹274
11 Aug 2023₹274
1 Sep 2023₹274
22 Sep 2023₹273
13 Oct 2023₹273
3 Nov 2023₹273
24 Nov 2023₹273
15 Dec 2023₹273
5 Jan 2024₹276
25 Jan 2024₹276
16 Feb 2024₹276
7 Mar 2024₹276
28 Mar 2024₹290
19 Apr 2024₹290
10 May 2024₹290
31 May 2024₹290
21 Jun 2024₹263
12 Jul 2024₹263
2 Aug 2024₹263
23 Aug 2024₹263
13 Sep 2024₹263
4 Oct 2024₹313
25 Oct 2024₹313
14 Nov 2024₹313
6 Dec 2024₹313
27 Dec 2024₹310
17 Jan 2025₹310
7 Feb 2025₹310
28 Feb 2025₹310
21 Mar 2025₹326
11 Apr 2025₹326
2 May 2025₹326
23 May 2025₹326
13 Jun 2025₹326
4 Jul 2025₹296
25 Jul 2025₹296
14 Aug 2025₹296
5 Sep 2025₹296
26 Sep 2025₹338
17 Oct 2025₹338
7 Nov 2025₹338
28 Nov 2025₹338
19 Dec 2025₹354
9 Jan 2026₹354
1 Feb 2026₹354
20 Feb 2026₹354
13 Mar 2026₹354
2 Apr 2026₹360
24 Apr 2026₹360
15 May 2026₹360
4 Jun 2026₹360
12 Jun 2026₹360
24 Jun 2026₹346
3 Jul 2026₹346
24 Jul 2026₹346
14 Aug 2026₹346
4 Sep 2026₹346
25 Sep 2026₹387
16 Oct 2026₹387
30 Oct 2026₹385
Top: P/BV each week. Below: book value per share, a step line that moves once a quarter; 11 years of history; short peaks above 5.6× are drawn at the top edge.
1.9×P/BV · lower than 99% of its last 11 years

Why the multiple is where it is: over the past year book value grew while the price moved −25.0%. Price and book value moved together, so the multiple stayed in its range.

Where the price move came from: over 5 years the price moved −1.6% a year; about +13.7% a year came from book-value growth and about −15.3 percentage points from the multiple (the market paying less); over 10 years the price moved +9.0% a year; about +18.1% a year came from book-value growth and about −9.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 26% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Is the HDFC Bank business getting better or worse?

HDFC Bank Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 14.0%. This is based on 9 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +3.6% in FY26, profit +7.9%

  • Revenue growth 3.6%
Growth year by year: revenue +3.6% in FY26, profit +7.9%
QuarterRevenue growth
FY1624.7%
FY1716%
FY1816.4%
FY1923.3%
FY2016.2%
FY215.2%
FY225.7%
FY2325.6%
FY2466.1%
FY2518.6%
FY263.6%

Profit growth, EPS growth

  • Profit growth 7.9%
  • EPS growth 6.8%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY1619.8%18.8%
FY1719.5%17.8%
FY1821.2%19.6%
FY1920.9%15%
FY2021.6%21.2%
FY2116.7%16.2%
FY2219.8%18.8%
FY2321%20.1%
FY2441.8%2.3%
FY2512.2%9.7%
FY267.9%6.8%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising, profit accelerating

  • Revenue 4%
Three growth lines over twelve quarters: revenue stabilising, profit accelerating
QuarterRevenue
Dec 2023–
Mar 2024–
Jun 2024–
Sep 202447.2%
Dec 202430.7%
Mar 202518.6%
Jun 20259%
Sep 20257.5%
Dec 20255.8%
Mar 20263.6%
Jun 20262.8%
Sep 20264%

Profit, EPS

  • Profit 11.5%
  • EPS 10.2%
Profit, EPS
QuarterProfitEPS
Dec 2023––
Mar 2024––
Jun 2024––
Sep 202429.9%1.4%
Dec 202420.1%1.9%
Mar 202512.2%2.7%
Jun 20254.4%2.8%
Sep 20254.9%3.8%
Dec 20257.3%6.3%
Mar 20267.9%6.7%
Jun 202612.5%11.3%
Sep 202611.5%10.2%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROE: the return line, yearly figures

  • ROE 14%
ROE: the return line, yearly figures
QuarterROE
FY2317%
FY2417%
FY2514%
FY2614%
Yearly figures: the quarterly balance-sheet figures this line needs are not available for this stock, so it changes once a year and counts for less in the reading.
Steady highRevenue growth · latest +4.0%, range +2.8% to +47.2%
Steady highProfit growth · latest +11.5%, range +4.4% to +29.9%
Steady highEPS growth · latest +10.2%, range +1.4% to +11.3%
FallingROE · latest 14.0%, range 14.0% to 17.0%

Why it matters: steady growth with healthy returns is how a business compounds over time.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+3.6%+26.9%+22.1%+18.6%
Profit+7.9%+19.7%+20.0%+20.0%
EPS+6.8%+6.2%+11.3%+14.6%
Share price−25.0%−0.2%−1.6%+9.0%
+9.4%Revenue growth (Sep 2026) · latest quarter against a year ago
+5.8%Profit growth (Sep 2026) · latest quarter against a year ago
18.6%Revenue, 10 years · yearly growth over the long run

How much does HDFC Bank earn on its equity and assets?

HDFC Bank Ltd earned a return on equity of 14% in FY26. Its lowest yearly reading on file was 14% in FY25. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together.

Two numbers rate a bank: ROE, what it earns on shareholders’ money, and ROA, what it earns on all its assets. An ROE above about 13 to 15% is healthy; below that, net worth grows slowly.

Return on assets is left out here, because its two sources disagree for this quarter. That is above the level a bank needs to grow its net worth steadily.

FY26: ROE 14%, the full history

  • ROE 14%
FY26: ROE 14%, the full history
QuarterROE
FY1422%
FY1520%
FY1619%
FY1718%
FY1818%
FY1917%
FY2016%
FY2116%
FY2217%
FY2317%
FY2417%
FY2514%
FY2614%
Return on equity each year, %. 13-year window. A lender is judged on ROE and ROA; return on capital used (ROIC) does not apply to a bank.

Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data.

The quarterly return-on-equity and return-on-assets curves, which only the second data source has, are not shown on this page: its two data sources disagree by up to 26% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Does HDFC Bank have too much debt?

For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead.

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here.

What is the HDFC Bank shareholding pattern?

Foreign institutions cut their stake in HDFC Bank Ltd by 8.6 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 39.4% of the company. Domestic institutions moved +8.4 points over the same period, to 43.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −8.6 points over 8 quarters, to 39.4%; Domestic institutions: +8.4 points over 8 quarters, to 43.4%; Promoters: +0.0 points over 8 quarters, to 0.0%. Promoters own under 20%, so this is a widely owned company where institutions, not a family, have the most say.

Why the owners changed: foreign institutions moved −8.6 points and domestic institutions +8.4 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

Year ends: domestic institutions +6.8 points from Mar 2024 to Mar 2026

  • Foreign inst. 44.05%
  • Domestic inst. 40.14%
  • Public 15.64%
Year ends: domestic institutions +6.8 points from Mar 2024 to Mar 2026
QuarterForeign inst.Domestic inst.Public
Mar 202447.83%33.33%18.64%
Mar 202548.3%35.68%15.84%
Mar 202644.05%40.14%15.64%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Foreign institutions cut their stake by 8.6 points over 8 quarters

  • Foreign inst. 39.39%
  • Domestic inst. 43.44%
  • Public 16.96%
Foreign institutions cut their stake by 8.6 points over 8 quarters
QuarterForeign inst.Domestic inst.Public
Sep 202352.13%30.39%17.3%
Dec 202352.31%30.54%16.98%
Mar 202447.83%33.33%18.64%
Jun 202447.17%35.2%17.44%
Sep 202448.02%35.05%16.75%
Dec 202449.21%34.37%16.23%
Mar 202548.3%35.68%15.84%
Jun 202548.84%35.77%15.19%
Sep 202548.38%36.07%15.33%
Dec 202547.67%37%15.11%
Mar 202644.05%40.14%15.64%
Jun 202641.82%41.75%16.27%
Sep 202639.39%43.44%16.96%
Shareholding by owner group, % of the company, each quarter, last 13 quarters.

How far is HDFC Bank from balance-sheet trouble?

For HDFC Bank Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does HDFC Bank rank in its industry?

47.0 out of 100, rank 13 of 18 in Banks - Private, with 84% of the evidence available.

HDFC Bank Ltd scores 47.0 out of 100 against the 18 companies it is compared with in Banks - Private, ranking 13. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 10.1 + 17.1 + 14 + 5.8 = 47. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Which companies is HDFC Bank compared with?

HDFC Bank ranks 13 of 18 Banks - Private companies on the 4-Factor Sector Score, with 47.0 out of 100.

  1. 1Karur Vysya Bank LtdKARURVYSYA · leader · Most evidence points up · 100% evidence77.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.1/35 · Income 15.4% · Profit 40.6% · 100% evidenceCapital efficiency 23.3/25 · ROA 2% · ROE 19.1% · GNPA 0.7% · 100% evidenceValuation 9.4/20 · P/BV 2.24× · P/BV÷ROE 0.12 · 100% evidenceRelative strength 18.0/20 · Lead over its industry 15% · Lead over NIFTY 500 24.7% · 1 year 46.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 27.1 + 23.3 + 9.4 + 18 = 77.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Tamilnad Mercantile Bank LtdTMB · losing its lead · Most evidence points up · 100% evidence74.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.9/35 · Income 18.8% · Profit 30% · 100% evidenceCapital efficiency 22.7/25 · ROA 2.1% · ROE 14% · GNPA 0.6% · 100% evidenceValuation 12.7/20 · P/BV 1.18× · P/BV÷ROE 0.08 · 100% evidenceRelative strength 12.8/20 · Lead over its industry 11.2% · Lead over NIFTY 500 19.7% · 1 year 60.5% · 100% evidence · 11 of 12 weeks aheadExact sum: 25.9 + 22.7 + 12.7 + 12.8 = 74.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3South Indian Bank LtdSOUTHBANK · breaking out · Most evidence points up · 93% evidence65.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.0/35 · Income 10.4% · Profit 16.7% · 100% evidenceCapital efficiency 13.3/25 · ROA 1.1% · ROE 13.5% · GNPA — · 72% evidenceValuation 12.9/20 · P/BV 1.2× · P/BV÷ROE 0.09 · 100% evidenceRelative strength 19.8/20 · Lead over its industry 25% · Lead over NIFTY 500 35.6% · 1 year 51.5% · 100% evidence · 10 of 12 weeks aheadExact sum: 19 + 13.3 + 12.9 + 19.8 = 65 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4City Union Bank LtdCUB · leader · Evidence leans up · 100% evidence62.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.7/35 · Income 22.6% · Profit 23.3% · 100% evidenceCapital efficiency 16.8/25 · ROA 1.4% · ROE 13.2% · GNPA 1.4% · 100% evidenceValuation 11.1/20 · P/BV 1.89× · P/BV÷ROE 0.14 · 100% evidenceRelative strength 12.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 8.2% · 1 year 24.9% · 100% evidence · 11 of 12 weeks aheadExact sum: 21.7 + 16.8 + 11.1 + 12.9 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Karnataka Bank LtdKTKBANK · leader · Evidence leans up · 100% evidence62.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.9/35 · Income 4.7% · Profit 35.4% · 100% evidenceCapital efficiency 11.7/25 · ROA 1.1% · ROE 10.4% · GNPA 2.3% · 100% evidenceValuation 14.0/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidenceRelative strength 15.8/20 · Lead over its industry 14.9% · Lead over NIFTY 500 23.3% · 1 year 67.3% · 100% evidence · 12 of 12 weeks aheadExact sum: 20.9 + 11.7 + 14 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Dhanlaxmi Bank LtdDHANBANK · turning · Evidence leans up · 100% evidence60.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.9/35 · Income 23.1% · Profit 67.9% · 100% evidenceCapital efficiency 7.3/25 · ROA 0.5% · ROE 7.2% · GNPA 1.8% · 100% evidenceValuation 7.8/20 · P/BV 0.8× · P/BV÷ROE 0.11 · 100% evidenceRelative strength 14.8/20 · Lead over its industry 5.2% · Lead over NIFTY 500 13.8% · 1 year 18.1% · 100% evidence · 3 of 12 weeks aheadExact sum: 30.9 + 7.3 + 7.8 + 14.8 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7DCB Bank LtdDCBBANK · breaking out · Evidence leans up · 100% evidence60.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.5/35 · Income 10.7% · Profit 25.6% · 100% evidenceCapital efficiency 11.1/25 · ROA 0.9% · ROE 12% · GNPA 2.3% · 100% evidenceValuation 16.9/20 · P/BV 0.9× · P/BV÷ROE 0.07 · 100% evidenceRelative strength 11.0/20 · Lead over its industry -0.9% · Lead over NIFTY 500 7.8% · 1 year 21.9% · 100% evidence · 11 of 12 weeks aheadExact sum: 21.5 + 11.1 + 16.9 + 11 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8ICICI Bank LtdICICIBANK · turning · Evidence leans up · 79% evidence53.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.2/35 · Income 7% · Profit 10.3% · 62% evidenceCapital efficiency 19.8/25 · ROA 2.1% · ROE 15.9% · GNPA — · 68% evidenceValuation 9.2/20 · P/BV 2.59× · P/BV÷ROE 0.16 · 100% evidenceRelative strength 13.4/20 · Lead over its industry -0.8% · Lead over NIFTY 500 8.3% · 1 year 3.9% · 100% evidence · 6 of 12 weeks aheadExact sum: 11.2 + 19.8 + 9.2 + 13.4 = 53.6 · What this means: Relative strength against the index is 8.3%, and revenue and profit growth are weak.
  9. 9IDFC First Bank LtdIDFCFIRSTB · quiet · Evidence leans up · 73% evidence52.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.4/35 · Income 14.6% · Profit 100% · 86% evidenceCapital efficiency 9.5/25 · ROA 1.1% · ROE 3.8% · GNPA — · 72% evidenceValuation 3.7/20 · P/BV 1.26× · P/BV÷ROE 0.34 · 100% evidenceRelative strength 8.8/20 · Lead over its industry — · Lead over NIFTY 500 -2.9% · 1 year -12.1% · 25% evidence · 8 of 12 weeks aheadExact sum: 30.4 + 9.5 + 3.7 + 8.8 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Kotak Mahindra Bank LtdKOTAKBANK · breaking out · Evidence leans up · 93% evidence51.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.3/35 · Income 8.4% · Profit 15.6% · 100% evidenceCapital efficiency 15.9/25 · ROA 1.9% · ROE 11.4% · GNPA — · 72% evidenceValuation 7.3/20 · P/BV 2.36× · P/BV÷ROE 0.21 · 100% evidenceRelative strength 17.4/20 · Lead over its industry 9.1% · Lead over NIFTY 500 19.3% · 1 year 9.8% · 100% evidence · 9 of 12 weeks aheadExact sum: 11.3 + 15.9 + 7.3 + 17.4 = 51.9 · What this means: Relative strength against the index is 19.3%, and revenue and profit growth are weak.
  11. 11Axis Bank LtdAXISBANK · turning · Evidence leans up · 93% evidence51.5out of 100GrowthCapitalValuationRelative
  12. 12Federal Bank LtdFEDERALBNK · turning · Evidence leans up · 84% evidence51.3out of 100GrowthCapitalValuationRelative
  13. 13HDFC Bank Ltd this pageHDFCBANK · turning · Evidence leans down · 84% evidence47.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 10.1/35 · Income 4% · Profit 11.5% · 76% evidenceCapital efficiency 17.1/25 · ROA 1.7% · ROE 13.6% · GNPA — · 68% evidenceValuation 14.0/20 · P/BV 1.77× · P/BV÷ROE 0.13 · 100% evidenceRelative strength 5.8/20 · Lead over its industry -19.9% · Lead over NIFTY 500 -11.7% · 1 year -29.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 10.1 + 17.1 + 14 + 5.8 = 47 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  14. 14RBL Bank LtdRBLBANK · losing its lead · Evidence leans down · 88% evidence42.9out of 100GrowthCapitalValuationRelative
  15. 15Bandhan Bank LtdBANDHANBNK · quiet · Evidence leans down · 100% evidence40.1out of 100GrowthCapitalValuationRelative
  16. 16Jammu and Kashmir Bank LtdJ&KBANK · quiet · Evidence leans down · 88% evidence39.2out of 100GrowthCapitalValuationRelative
  17. 17Yes Bank LtdYESBANK · quiet · Evidence leans down · 100% evidence38.5out of 100GrowthCapitalValuationRelative
  18. 18IndusInd Bank LtdINDUSINDBK · quiet · Most evidence points down · 89% evidence28.7out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Banks - Private, all 18 compared on one page.

Which companies are close to HDFC Bank in size?

HDFC Bank is the largest of 18 Banks - Private companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: ICICI Bank, Kotak Mahindra Bank, Axis Bank, Federal Bank, IndusInd Bank and IDFC First Bank.

Banks - Private companies close in size

  1. HDFC Bank Ltd ₹10,68,834 crore
  2. ICICI Bank Ltd ₹10,03,901 crore
  3. Kotak Mahindra Bank Ltd ₹4,59,194 crore
  4. Axis Bank Ltd ₹3,78,983 crore
  5. Federal Bank Ltd ₹84,008 crore
  6. IndusInd Bank Ltd ₹65,292 crore
  7. IDFC First Bank Ltd ₹62,099 crore

All 18 Banks - Private companies, largest first

Companies close in size in other industries

  1. Reliance Industries Ltd ₹15,76,405 crore · Refineries
  2. Bharti Airtel Ltd ₹12,31,907 crore · Telecom Services
  3. HDFC Bank Ltd ₹10,68,834 crore
  4. ICICI Bank Ltd ₹10,03,901 crore · Banks - Private
  5. Tata Consultancy Services Ltd ₹9,05,463 crore · IT - Software

What else do people ask about HDFC Bank?

What is HDFC Bank's share price today?

HDFC Bank Ltd's share price is ₹736.70, −25.0% over the past year. The whole company is worth ₹11,36,234 Cr on the market.

In the last 52 weeks it traded between ₹693 to ₹1,008; today it is 14% of the way up from the low, 6.0% below its 200-day average (as of 4 November 2026).

What were HDFC Bank's latest quarterly results?

HDFC Bank Ltd reported total income of ₹95,132 Cr and net profit of ₹21,537 Cr for the Sep 2026 quarter. Income rose 9.4% and profit rose 5.8% compared with a year earlier. Earnings per share were ₹13.43.

The net margin was 22.6%, 0.8 percentage points lower than a year earlier (as of 4 November 2026).

What is HDFC Bank's market cap?

HDFC Bank Ltd's market capitalisation is ₹11,36,234 Cr at a share price of ₹736.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is HDFC Bank performing?

HDFC Bank Ltd's share price has been falling for 37 weeks. In its latest quarter, income rose 9.4% and profit rose 5.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026).

Will HDFC Bank's share price go up?

This page does not forecast HDFC Bank Ltd's share price. What it shows instead: the share price is ₹736.70, and it has been falling for 37 weeks. Its P/BV of 1.9× is higher than 1% of its own last 11 years (as of 4 November 2026).

Where is HDFC Bank in its business cycle?

HDFC Bank Ltd's FY26 net margin was 22.7%, against a 13-year range of 20.3% to 28.1%: the middle of its own range, neither a peak nor a low. The latest quarter was 22.6%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the HDFC Bank story?

The main question: yearly earnings per share moved +6.8% while the share price moved −25.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is HDFC Bank a stock worth studying right now?

What the numbers show: HDFC Bank Ltd's earnings have grown faster than its share price. Earnings per share grew +6.8% in a year while the price moved −25.0%. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Is there a HDFC Bank share price forecast for 2026?

What management itself guided: NIM trajectory neutral-to-positive from the next quarter; the October rate change partly reflects by December across a roughly 70% floating-rate book.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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