HDFC Bank Limited share price today

HDFC Bank Limited's share price was $24.33 at the close on 4 November 2026. It has been falling for 29 weeks. That is 5.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $22 and $37, and at that close it sat 15% 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 Limited is in stage 4. The phase helps read everything below.

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

Over the last 10 years the share price moved +44% while the S&P 500 moved +261%, 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.

HDFC Bank Limited declared INR 13.00 per local share for Mar 2026. It reports in Indian rupees, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield.

HDFC Bank Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

HDFC Bank Limited earned INR 207 B of net profit in the Sep 2026 quarter. Full-year FY26 profit was INR 760 B. Over 4 years profit has grown 18.9% a year on average. That is 27.8% 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.

For the full year, FY26 profit was INR 760 B (+7.4% on the year before).

This company reports in Indian rupees, not US dollars, so the money charts are left out here. The figures in the text are in that currency (INR); nothing is converted.

HDFC Bank Limited reported INR 745 B of income in the Sep 2026 quarter. Over 4 years it has grown 32.8% a year on average. The last full year, FY26, came in at INR 2,833 B.

For a bank, revenue is everything it earns: interest on its loans plus fees from its businesses.

The quarterly figures for FY24, FY25, FY26 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.

FY26 revenue was INR 2,833 B, +3.8% on the year before.

This company reports in Indian rupees, not US dollars, so the money charts are left out here. The figures in the text are in that currency (INR); nothing is converted.

HDFC Bank Limited's net margin was 27.8% in the Sep 2026 quarter. Across 5 years it has been between 25.9% and 41.7%. 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. With big fee businesses in the mix, it is the clearest margin we can read for this bank.

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.

HDFC Bank Limited does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

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.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

HDFC Bank Limited's revenue was INR 2,833 B in FY26, +3.8% on the year before, so the loan book is growing. The net margin on that income is 27.8%. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

We read the loan book through revenue: when the book and the businesses grow, revenue grows with them. It is only a rough guide, because interest-rate changes and fee swings 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. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch.

This company reports in Indian rupees, not US dollars, so the money charts are left out here. The figures in the text are in that currency (INR); nothing is converted.

HDFC Bank Limited's P/BV is 1.8×, with too little history to compare. 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 dollars the market pays for each $1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is low: this lender earns about 11% a year on its equity. A lender that earns less on its net worth is valued lower for each dollar of it, and that gap usually closes only if returns improve.

In short: there is too little history to say whether the multiple is high or low for this company, so the book value trend underneath matters more than the multiple.

HDFC Bank Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, 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.

Why it matters: with too little history, we say so rather than guess a direction.

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.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

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

HDFC Bank Limited earned a return on equity of 13% in FY26. That is its lowest yearly reading on file. On its assets, every INR 100 earned about INR 1.66, before the effect of borrowing. 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.

That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is.

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

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.

We have no ownership or short-position figures for HDFC Bank Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 4.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

For HDFC Bank Limited, 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.

There is no score against its industry: HDFC Bank Limited is not among the largest members shown in this industry comparison for Banks - Regional.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not among the largest members shown in this industry comparison.

HDFC Bank Limited is the largest of 274 Banks - Regional companies on Sector Alpha by market value (scores of 4 November 2026). It is the largest. Just below it: Mizuho Financial Group, Inc., ICICI Bank, U.S. Bancorp, The PNC Financial Services Group, Inc., Itaú Unibanco Holding S.A. and Lloyds Banking Group plc.

Banks - Regional companies close in size

1. HDFC Bank Limited $127 billion
2. Mizuho Financial Group, Inc. $115.2 billion
3. ICICI Bank Limited $112.3 billion
4. U.S. Bancorp $95.1 billion
5. The PNC Financial Services Group, Inc. $92.6 billion
6. Itaú Unibanco Holding S.A. $84.7 billion
7. Lloyds Banking Group plc $79 billion

All 274 Banks - Regional companies, largest first

Companies close in size in other industries

124. Seagate Technology Holdings plc $127.8 billion · Computer Hardware
125. Prologis, Inc. $127.4 billion · REIT - Industrial
126. HDFC Bank Limited $127 billion
127. Starbucks Corporation $125.1 billion · Restaurants
128. McKesson Corporation $124.7 billion · Medical Distribution

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.

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