# HDFC Bank share price today (HDFC Bank Ltd, NSE: HDFCBANK)

> HDFC Bank share price today: ₹725.50 at the NSE close on 3 November 2026, down 26.5% in a year. HDFC Bank (NSE: HDFCBANK) is worth ₹11,18,960 crore, trades at a P/BV of 1.9 and has closed between ₹692.80 and ₹1,007.60 over the past 52 weeks. > 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 −26.5%. HDFCBANK · Banks - Private · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/hdfc-bank-ltd

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## Key numbers

- Business trend: Growing steadily, from fewer quarters than usual
- Price: ₹725.50 (−26.5% in a year)
- P/BV: 1.9× (lower than 99% of the last 11 years)
- Revenue (Sep 2026): ₹95,132 Cr (+9.4% on a year ago)
- Profit (Sep 2026): ₹21,537 Cr (+5.8% on a year ago)
- Net margin: 22.6% (−0.8 points on a year ago)
- ROE: 14%, FY26
- Gross NPA (bad loans): 1.24% (−0.18 points on a year ago)

The main question: yearly earnings per share moved +6.8% while the share price moved −26.5%. ## What is the HDFC Bank share price today? HDFC Bank Ltd's share price was ₹725.50 at the close on 3 November 2026. It has been falling for 37 weeks. That is 7.4% 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 10% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +182% 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| 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 margin | 22.6% | 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 ₹725.50 on 3 November 2026, down 26.5% from ₹987.30 a year earlier (31 October 2025) and down 9.0% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹692.80 | +4.7% |
| 1 month ago · 1 Oct 2026 | ₹721.20 | +0.6% |
| 6 months ago · 30 Apr 2026 | ₹771.70 | −6.0% |
| 1 year ago · 31 Oct 2025 | ₹987.30 | −26.5% |
| 3 years ago · 3 Nov 2023 | ₹741.88 | −2.2% |
| 5 years ago · 4 Nov 2021 | ₹796.98 | −9.0% |
| 10 years ago · 4 Nov 2016 | ₹310.93 | +133.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹257.18 | +182.1% |
| Highest weekly close since March 2016, also the 52-week high · 28 Nov 2025 | ₹1,007.60 | −28.0% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹257.10 | +182.2% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹692.80 | +4.7% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on HDFC Bank? 3 Nov 2026: HDFC Bank closed at ₹725.50, up 4.7% on the week and up 0.6% 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 4 November 2026 (1 payment), a yield of 1.79% at the ₹725.50 close on 3 November 2026. The last was a dividend of ₹13 a share, ex-date 19 June 2026. ### HDFC Bank dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 19 Jun 2026 | ₹13 | Dividend | same day |
| 25 Jul 2025 | ₹5 | Special | same day |
| 27 Jun 2025 | ₹22 | Dividend | same day |
| 10 May 2024 | ₹19.50 | Dividend | same day |
| 16 May 2023 | ₹19 | Dividend | same day |
| 12 May 2022 | ₹15.50 | Dividend | 13 May 2022 |
| 29 Jun 2021 | ₹6.50 | Dividend | 30 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 5 Of 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 4 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](https://files.tijorifinance.com/insight/india/129/Conference Call/CC-Oct26.pdf). (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. - 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. - [Nifty 50 companies Weight in the Nifty 50 (%): 10.38](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.86](https://www.sectoralpha.in/dividend-stocks-india)
- [Bank stocks Market value (₹ crore): 1079941.9745958429](https://www.sectoralpha.in/sectors/bank-stocks-india)

## 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. 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). 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. The last four reported quarters add to ₹3,59,956 Cr. FY26 revenue was ₹3,48,615 Cr, +3.6% on the year 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. 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. ## 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. 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. 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. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. 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. Why the multiple is where it is: over the past year book value grew while the price moved −26.5%. 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 −1.9% a year; about +13.7% a year came from book-value growth and about −15.6 percentage points from the multiple (the market paying less); over 10 years the price moved +8.8% a year; about +18.1% a year came from book-value growth and about −9.3 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. 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. ## 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. 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. 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. 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. ## 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. ## 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. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) KARURVYSYA · leader · Most evidence points up · 100% evidence 77.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 15.4% · Profit 40.6% · 100% evidence Capital efficiency 23.3/25 · ROA 2% · ROE 19.1% · GNPA 0.7% · 100% evidence Valuation 9.4/20 · P/BV 2.24× · P/BV÷ROE 0.12 · 100% evidence Relative 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 ahead Exact 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. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) TMB · losing its lead · Most evidence points up · 100% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Income 18.8% · Profit 30% · 100% evidence Capital efficiency 22.7/25 · ROA 2.1% · ROE 14% · GNPA 0.6% · 100% evidence Valuation 12.7/20 · P/BV 1.18× · P/BV÷ROE 0.08 · 100% evidence Relative 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 ahead Exact 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. [South Indian Bank Ltd](https://www.sectoralpha.in/stocks/south-indian-bank-ltd) SOUTHBANK · breaking out · Most evidence points up · 93% evidence 65.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 10.4% · Profit 16.7% · 100% evidence Capital efficiency 13.3/25 · ROA 1.1% · ROE 13.5% · GNPA n/a · 72% evidence Valuation 12.9/20 · P/BV 1.2× · P/BV÷ROE 0.09 · 100% evidence Relative 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 ahead Exact 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. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) CUB · leader · Evidence leans up · 100% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Income 22.6% · Profit 23.3% · 100% evidence Capital efficiency 16.8/25 · ROA 1.4% · ROE 13.2% · GNPA 1.4% · 100% evidence Valuation 11.1/20 · P/BV 1.89× · P/BV÷ROE 0.14 · 100% evidence Relative 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 ahead Exact 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. [Karnataka Bank Ltd](https://www.sectoralpha.in/stocks/karnataka-bank-ltd) KTKBANK · leader · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Income 4.7% · Profit 35.4% · 100% evidence Capital efficiency 11.7/25 · ROA 1.1% · ROE 10.4% · GNPA 2.3% · 100% evidence Valuation 14.0/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidence Relative 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 ahead Exact 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. [Dhanlaxmi Bank Ltd](https://www.sectoralpha.in/stocks/dhanlaxmi-bank-ltd) DHANBANK · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Income 23.1% · Profit 67.9% · 100% evidence Capital efficiency 7.3/25 · ROA 0.5% · ROE 7.2% · GNPA 1.8% · 100% evidence Valuation 7.8/20 · P/BV 0.8× · P/BV÷ROE 0.11 · 100% evidence Relative 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 ahead Exact 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. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) DCBBANK · breaking out · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Income 10.7% · Profit 25.6% · 100% evidence Capital efficiency 11.1/25 · ROA 0.9% · ROE 12% · GNPA 2.3% · 100% evidence Valuation 16.9/20 · P/BV 0.9× · P/BV÷ROE 0.07 · 100% evidence Relative 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 ahead Exact 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. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ICICIBANK · turning · Evidence leans up · 79% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Income 7% · Profit 10.3% · 62% evidence Capital efficiency 19.8/25 · ROA 2.1% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 9.2/20 · P/BV 2.59× · P/BV÷ROE 0.16 · 100% evidence Relative 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 ahead Exact 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. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) IDFCFIRSTB · quiet · Evidence leans up · 73% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Income 14.6% · Profit 100% · 86% evidence Capital efficiency 9.5/25 · ROA 1.1% · ROE 3.8% · GNPA n/a · 72% evidence Valuation 3.7/20 · P/BV 1.26× · P/BV÷ROE 0.34 · 100% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.9% · 1 year -12.1% · 25% evidence · 8 of 12 weeks ahead Exact 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. [Kotak Mahindra Bank Ltd](https://www.sectoralpha.in/stocks/kotak-mahindra-bank-ltd) KOTAKBANK · breaking out · Evidence leans up · 93% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.3/35 · Income 8.4% · Profit 15.6% · 100% evidence Capital efficiency 15.9/25 · ROA 1.9% · ROE 11.4% · GNPA n/a · 72% evidence Valuation 7.3/20 · P/BV 2.36× · P/BV÷ROE 0.21 · 100% evidence Relative 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 ahead Exact 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. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) AXISBANK · turning · Evidence leans up · 93% evidence 51.5 out of 100 Growth Capital Valuation Relative
12. [Federal Bank Ltd](https://www.sectoralpha.in/stocks/federal-bank-ltd) FEDERALBNK · turning · Evidence leans up · 84% evidence 51.3 out of 100 Growth Capital Valuation Relative
13. HDFC Bank Ltd this page HDFCBANK · turning · Evidence leans down · 84% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.1/35 · Income 4% · Profit 11.5% · 76% evidence Capital efficiency 17.1/25 · ROA 1.7% · ROE 13.6% · GNPA n/a · 68% evidence Valuation 14.0/20 · P/BV 1.77× · P/BV÷ROE 0.13 · 100% evidence Relative 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 ahead Exact 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. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) RBLBANK · losing its lead · Evidence leans down · 88% evidence 42.9 out of 100 Growth Capital Valuation Relative
15. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) BANDHANBNK · quiet · Evidence leans down · 100% evidence 40.1 out of 100 Growth Capital Valuation Relative
16. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) J&KBANK · quiet · Evidence leans down · 88% evidence 39.2 out of 100 Growth Capital Valuation Relative
17. [Yes Bank Ltd](https://www.sectoralpha.in/stocks/yes-bank-ltd) YESBANK · quiet · Evidence leans down · 100% evidence 38.5 out of 100 Growth Capital Valuation Relative
18. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) INDUSINDBK · quiet · Most evidence points down · 89% evidence 28.7 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/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](https://www.sectoralpha.in/stocks/icici-bank-ltd) ₹10,03,901 crore
3. [Kotak Mahindra Bank Ltd](https://www.sectoralpha.in/stocks/kotak-mahindra-bank-ltd) ₹4,59,194 crore
4. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) ₹3,78,983 crore
5. [Federal Bank Ltd](https://www.sectoralpha.in/stocks/federal-bank-ltd) ₹84,008 crore
6. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) ₹65,292 crore
7. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) ₹62,099 crore

[All 18 Banks - Private companies, largest first](https://www.sectoralpha.in/sectors/banks-private#all-companies)

### Companies close in size in other industries

1. [Reliance Industries Ltd](https://www.sectoralpha.in/stocks/reliance-industries-ltd) ₹15,76,405 crore · Refineries
2. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) ₹12,31,907 crore · Telecom Services
3. HDFC Bank Ltd ₹10,68,834 crore
4. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ₹10,03,901 crore · Banks - Private
5. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/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 ₹725.50, −26.5% over the past year. The whole company is worth ₹11,18,960 Cr on the market. In the last 52 weeks it traded between ₹693 to ₹1,008; today it is 10% of the way up from the low, 7.4% below its 200-day average (as of 3 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 3 November 2026). ### What is HDFC Bank's market cap? HDFC Bank Ltd's market capitalisation is ₹11,18,960 Cr at a share price of ₹725.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 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 3 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 ₹725.50, 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 3 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 3 November 2026). ### What could break the HDFC Bank story? The main question: yearly earnings per share moved +6.8% while the share price moved −26.5%. 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 3 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 −26.5%. 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 3 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. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Bank stocks: https://www.sectoralpha.in/sectors/bank-stocks-india

This is research, not advice. We’re not SEBI-registered.