HDFC Bank (HDB) Financials

$77.00 +0.23 (+0.30%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$76.90 -0.11 (-0.14%)

As of 08/1/2025 07:31 PM Eastern

Annual Income Statements for HDFC Bank

This table shows HDFC Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2014	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,322	1,593	1,780	2,167	2,742	3,183	3,452	4,457	5,088	6,028	7,471
Consolidated Net Income / (Loss)	1,324	1,597	1,782	2,170	2,747	3,189	3,454	4,457	5,096	6,038	7,531
Net Income / (Loss) Continuing Operations	1,324	1,597	1,782	2,170	2,747	3,189	3,454	4,457	5,096	6,038	7,531
Total Pre-Tax Income	2,029	2,472	2,801	3,392	4,256	4,916	4,853	6,013	6,843	8,059	8,465
Total Revenue	4,390	5,071	5,875	7,126	8,720	9,653	10,502	12,806	13,436	14,666	23,841
Net Interest Income / (Expense)	3,210	3,790	4,413	5,425	6,499	7,338	7,873	9,348	9,870	11,120	14,975
Total Interest Income	7,037	8,037	9,440	11,188	12,954	15,062	16,076	17,446	17,571	20,556	33,380
Loans and Leases Interest Income	5,446	6,231	7,107	8,523	10,251	11,968	13,023	13,905	13,944	16,447	26,332
Investment Securities Interest Income	1,292	1,511	2,054	2,384	2,430	2,762	2,631	3,099	3,176	3,742	6,241
Other Interest Income	201	213	195	204	211	205	324	395	430	367	807
Total Interest Expense	3,827	4,247	5,027	5,763	6,455	7,724	8,203	8,098	7,701	9,436	18,406
Deposits Interest Expense	3,126	3,648	4,283	4,751	5,018	5,929	6,737	6,853	6,445	7,484	11,968
Short-Term Borrowings Interest Expense	301	111	246	336	399	565	361	171	233	707	1,202
Long-Term Debt Interest Expense	400	481	495	675	1,034	1,230	1,104	1,071	1,021	1,236	5,190
Other Interest Expense	0.22	6.36	3.41	1.19	4.53	0.69	1.98	1.74	2.05	8.50	46
Total Non-Interest Income	1,181	1,281	1,462	1,701	2,221	2,315	2,629	3,459	3,566	3,545	8,866
Other Service Charges	1,016	1,155	1,280	1,461	1,859	2,071	2,140	2,379	2,797	3,051	7,948
Net Realized & Unrealized Capital Gains on Investments	176	126	182	241	362	260	610	1,120	731	495	918
Other Non-Interest Income	-11	-0.03	-0.83	-	-	-16	-121	-40	38	-0.86	0.85
Provision for Credit Losses	290	273	325	585	912	1,045	1,560	2,109	1,674	903	1,597
Total Non-Interest Expense	2,070	2,327	2,748	3,149	3,552	3,693	4,089	4,684	4,920	5,704	12,830
Salaries and Employee Benefits	959	1,074	1,297	1,429	1,513	1,513	1,731	1,965	2,179	2,430	3,465
Net Occupancy & Equipment Expense	312	329	364	432	458	427	418	489	478	548	782
Other Operating Expenses	657	809	975	1,151	1,433	1,575	1,770	2,040	2,042	2,439	7,955
Depreciation Expense	116	111	112	137	149	177	170	190	222	286	374
Amortization Expense	26	3.51	0.11	0.05	0.02	0.01	-	-	0.00	0.00	254
Other Special Charges	-	-	-	-	-	-	-	-	-	0.00	950
Income Tax Expense	705	875	1,019	1,222	1,509	1,726	1,399	1,556	1,747	2,021	934
Net Income / (Loss) Attributable to Noncontrolling Interest	2.11	4.29	2.03	3.25	4.90	6.68	1.25	0.40	7.94	9.95	60
Basic Earnings per Share	$33.18	$40.94	$46.84	$55.23	$0.53	$41.07	$47.59	$59.27	$0.92	$1.08	$0.01
Weighted Average Basic Shares Outstanding	198.36	244.47	279.51	329.40	3.17	245.19	284.58	354.87	5.50	5.58B	7.60B
Diluted Earnings per Share	$32.94	$40.55	$46.33	$54.57	$0.52	$40.66	$47.27	$59.02	$0.91	$1.08	$0.01
Weighted Average Diluted Shares Outstanding	2.40B	2.51B	2.53B	2.56B	2.60B	2.72B	5.48B	5.51B	5.55B	5.58B	7.60B
Weighted Average Basic & Diluted Shares Outstanding	2.40B	2.51B	2.53B	2.56B	2.60B	2.72B	5.48B	5.51B	5.55B	5.58B	7.60B
Cash Dividends to Common per Share	$6.85	$8.00	$9.50	$11.00	$0.10	$7.50	$2.50	$6.50	$0.20	$0.23	$0.00

No quarterly income statements for HDFC Bank are available.

This table details how cash moves in and out of HDFC Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2014	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Net Change in Cash & Equivalents	2,535	-477	552	818	2,203	2,324	-1,630	4,358	2,522	3,229	8,383
Net Cash From Operating Activities	2,119	1,755	2,567	5,848	1,448	2,650	2,271	12,603	7,658	5,806	12,267
Net Cash From Continuing Operating Activities	2,119	1,755	2,567	5,848	1,448	2,634	2,271	12,563	7,658	5,806	12,267
Net Income / (Loss) Continuing Operations	1,324	1,597	1,782	2,170	2,747	3,189	3,454	4,457	5,096	6,038	7,531
Consolidated Net Income / (Loss)	1,324	1,597	1,782	2,170	2,747	3,189	3,454	4,457	5,096	6,038	7,531
Provision For Loan Losses	290	273	325	585	912	1,045	1,560	2,109	1,674	903	1,597
Depreciation Expense	116	111	112	137	149	177	170	190	222	286	374
Amortization Expense	68	82	120	162	197	216	224	189	256	257	773
Non-Cash Adjustments to Reconcile Net Income	-87	0.89	93	-93	-197	-168	-77	-839	-365	226	-423
Changes in Operating Assets and Liabilities, net	407	-309	135	2,887	-2,359	-1,826	-3,060	6,458	776	-1,904	2,416
Net Cash From Investing Activities	-12,948	-18,803	-17,281	-24,336	-31,459	-22,224	-28,525	-34,470	-43,526	-53,447	-44,067
Net Cash From Continuing Investing Activities	-12,948	-18,803	-17,281	-24,336	-31,459	-22,224	-28,525	-34,470	-43,526	-53,447	-44,067
Purchase of Property, Leasehold Improvements and Equipment	-162	-143	-151	-195	-141	-236	-243	-243	-347	-531	-646
Purchase of Investment Securities	-23,382	-32,611	-62,945	-66,778	-46,290	-52,569	-56,896	-66,358	-57,305	-69,584	-90,354
Sale of Property, Leasehold Improvements and Equipment	2.12	5.28	1.68	1.45	1.46	3.07	2.42	2.09	2.62	5.19	18
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	657
Sale and/or Maturity of Investments	10,214	13,841	45,495	42,360	15,105	30,225	28,531	32,072	18,952	16,663	50,494
Other Investing Activities, net	380	104	318	275	-135	353	80	57	-4,828	-	-4,236
Net Cash From Financing Activities	13,241	16,513	15,214	19,337	32,207	21,942	24,483	26,229	38,383	50,784	40,165
Net Cash From Continuing Financing Activities	13,241	16,513	15,214	19,337	32,207	21,942	24,483	26,229	38,383	50,784	40,165
Net Change in Deposits	11,815	13,239	14,052	15,107	22,225	19,258	29,367	25,742	29,488	39,236	40,415
Issuance of Debt	2,439	1,673	2,543	5,167	6,535	4,628	3,609	6,590	9,528	12,446	13,868
Repayment of Debt	-843	197	-1,198	-838	3,554	-5,087	-7,863	-6,348	-509	-272	-14,135
Payment of Dividends	-256	-310	-368	-452	-530	-593	-881	-2.28	-478	-1,051	-1,039
Other Financing Activities, Net	121	160	185	349	424	318	245	241	353	10	1,057
Effect of Exchange Rate Changes	123	58	51	-31	7.36	-44	141	-3.58	6.47	86	18
Cash Interest Paid	4,334	4,167	4,899	5,712	6,133	7,524	8,194	8,127	7,643	9,070	16,892
Cash Income Taxes Paid	702	906	1,067	1,185	1,537	1,726	1,380	1,780	1,956	1,991	2,397

No quarterly cash flow statements for HDFC Bank are available.

This table presents HDFC Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2014	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Total Assets	85,423	100,450	116,781	139,815	174,586	192,020	211,724	245,827	278,288	313,367	529,381
Cash and Due from Banks	6,181	5,475	5,701	6,642	8,818	10,626	8,117	12,725	14,789	16,880	25,030
Trading Account Securities	17,187	25,153	29,458	33,874	46,674	43,017	52,543	63,510	63,461	66,553	105,482
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	53,094	62,528	74,498	91,140	111,560	129,601	138,281	159,970	185,012	207,482	316,003
Premises and Equipment, Net	523	535	539	601	598	624	641	726	868	1,065	1,764
Separate Account Business Assets	-	-	-	-	-	-	-	-	-	0.00	11,464
Goodwill	1,249	1,203	1,131	1,156	1,151	1,084	994	1,025	988	912	19,553
Intangible Assets	3.85	0.19	0.08	0.03	0.02	-	-	-	-	0.00	16,752
Other Assets	7,186	5,556	5,455	6,402	5,784	7,067	11,147	7,872	13,170	20,475	33,332
Total Liabilities & Shareholders' Equity	85,423	100,450	116,781	139,815	174,586	192,020	211,724	245,827	278,288	313,367	529,381
Total Liabilities	76,540	88,388	103,637	123,964	156,517	168,370	186,568	216,248	245,212	277,866	434,754
Non-Interest Bearing Deposits	10,214	11,764	13,320	17,790	18,278	20,537	22,968	28,859	31,396	33,206	36,955
Interest Bearing Deposits	50,953	60,483	69,063	81,382	102,805	112,850	129,069	153,493	173,955	195,857	248,241
Short-Term Debt	2,513	4,240	8,447	4,969	14,087	11,973	11,744	8,140	9,306	13,261	16,442
Accrued Interest Payable	462	525	622	686	1,006	1,148	1,062	1,066	1,086	1,368	2,863
Long-Term Debt	6,587	7,349	7,884	11,271	14,328	15,103	13,616	16,062	20,487	24,996	79,779
Separate Account Business Liabilities	-	-	-	-	-	-	-	-	-	0.00	11,464
Other Long-Term Liabilities	5,811	4,027	4,301	7,866	6,012	6,759	8,109	8,629	8,982	9,178	39,009
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,883	12,062	13,144	15,850	18,069	23,650	25,156	29,579	33,076	35,501	94,627
Total Preferred & Common Equity	8,865	12,041	13,122	15,822	18,034	23,606	25,111	29,527	33,015	35,433	83,361
Total Common Equity	8,865	12,041	13,122	15,822	18,034	23,606	25,111	29,527	33,015	35,433	83,361
Common Stock	4,608	6,299	6,299	6,906	7,399	10,775	10,232	10,934	11,074	10,816	52,222
Retained Earnings	4,450	5,568	6,649	8,515	10,693	12,660	14,185	18,221	22,176	25,447	31,528
Treasury Stock	-	-	-	-	-	-	-	-	-	0.00	-202
Accumulated Other Comprehensive Income / (Loss)	-193	174	174	401	-58	171	694	372	-235	-831	-186
Noncontrolling Interest	18	21	22	28	36	44	45	52	61	69	11,265

This table presents HDFC Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q4 2023	Q4 2024
Period end date	3/31/2022	3/31/2023	3/31/2024
Total Assets	278,288	313,367	529,381
Cash and Due from Banks	14,789	16,880	25,030
Trading Account Securities	63,461	66,553	105,482
Loans and Leases, Net of Allowance	0.00	0.00	0.00
Loans Held for Sale	185,012	207,482	316,003
Premises and Equipment, Net	868	1,065	1,764
Separate Account Business Assets	-	0.00	11,464
Goodwill	988	912	19,553
Intangible Assets	-	0.00	16,752
Other Assets	13,170	20,475	33,332
Total Liabilities & Shareholders' Equity	278,288	313,367	529,381
Total Liabilities	245,212	277,866	434,754
Non-Interest Bearing Deposits	31,396	33,206	36,955
Interest Bearing Deposits	173,955	195,857	248,241
Short-Term Debt	9,306	13,261	16,442
Accrued Interest Payable	1,086	1,368	2,863
Long-Term Debt	20,487	24,996	79,779
Separate Account Business Liabilities	-	0.00	11,464
Other Long-Term Liabilities	8,982	9,178	39,009
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	33,076	35,501	94,627
Total Preferred & Common Equity	33,015	35,433	83,361
Total Common Equity	33,015	35,433	83,361
Common Stock	11,074	10,816	52,222
Retained Earnings	22,176	25,447	31,528
Treasury Stock	-	0.00	-202
Accumulated Other Comprehensive Income / (Loss)	-235	-831	-186
Noncontrolling Interest	61	69	11,265

This table displays calculated financial ratios and metrics derived from HDFC Bank's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	3/31/2014	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.69%	15.52%	15.84%	21.30%	22.37%	10.70%	8.79%	21.94%	4.92%	9.15%	62.56%
EBITDA Growth	16.24%	20.38%	13.85%	21.66%	24.68%	15.36%	-1.18%	21.83%	14.53%	17.51%	22.78%
EBIT Growth	20.28%	21.82%	13.33%	21.08%	25.47%	15.50%	-1.28%	23.92%	13.79%	17.78%	16.82%
NOPAT Growth	16.18%	20.60%	11.58%	21.80%	26.56%	16.11%	8.29%	29.06%	14.32%	18.49%	24.73%
Net Income Growth	16.18%	20.60%	11.58%	21.80%	26.56%	16.11%	8.29%	29.06%	14.32%	18.49%	24.73%
EPS Growth	27.13%	23.10%	14.25%	17.79%	26.56%	16.11%	16.26%	24.86%	-98.45%	17.99%	-98.83%
Operating Cash Flow Growth	61.56%	-17.18%	46.27%	127.82%	-75.24%	83.02%	-14.32%	455.05%	-39.24%	-24.18%	111.28%
Free Cash Flow Firm Growth	185.78%	-206.72%	0.70%	88.98%	-2,515.25%	90.96%	448.03%	-67.43%	-434.58%	-21.54%	-2,158.03%
Invested Capital Growth	-12.16%	31.52%	24.63%	8.87%	44.85%	9.13%	-0.41%	6.46%	16.90%	17.32%	158.75%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	50.43%	52.55%	51.64%	51.80%	52.77%	55.00%	49.95%	49.91%	54.48%	58.65%	44.30%
EBIT Margin	46.22%	48.74%	47.68%	47.60%	48.81%	50.92%	46.21%	46.96%	50.93%	54.95%	39.49%
Profit (Net Income) Margin	30.16%	31.49%	30.33%	30.46%	31.50%	33.04%	32.88%	34.81%	37.92%	41.17%	31.59%
Tax Burden Percent	65.25%	64.60%	63.61%	63.98%	64.54%	64.88%	71.17%	74.12%	74.47%	74.92%	88.97%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	89.91%
Effective Tax Rate	34.75%	35.40%	36.39%	36.02%	35.46%	35.12%	28.83%	25.88%	25.53%	25.08%	11.03%
Return on Invested Capital (ROIC)	6.89%	7.67%	6.71%	7.05%	6.99%	6.56%	6.82%	8.55%	8.74%	8.84%	5.69%
ROIC Less NNEP Spread (ROIC-NNEP)	6.89%	7.67%	6.71%	7.05%	6.99%	6.56%	6.82%	8.55%	8.74%	8.84%	5.69%
Return on Net Nonoperating Assets (RNNOA)	8.24%	7.58%	7.43%	7.92%	9.20%	8.73%	7.33%	7.74%	7.53%	8.77%	5.88%
Return on Equity (ROE)	15.12%	15.25%	14.14%	14.97%	16.19%	15.29%	14.15%	16.29%	16.27%	17.61%	11.57%
Cash Return on Invested Capital (CROIC)	19.84%	-19.56%	-15.22%	-1.45%	-29.65%	-2.17%	7.24%	2.29%	-6.84%	-7.10%	-82.81%
Operating Return on Assets (OROA)	2.45%	2.66%	2.58%	2.64%	2.71%	2.68%	2.40%	2.63%	2.61%	2.72%	2.23%
Return on Assets (ROA)	1.60%	1.72%	1.64%	1.69%	1.75%	1.74%	1.71%	1.95%	1.94%	2.04%	1.79%
Return on Common Equity (ROCE)	15.08%	15.22%	14.11%	14.94%	16.16%	15.26%	14.13%	16.26%	16.24%	17.58%	10.57%
Return on Equity Simple (ROE_SIMPLE)	14.94%	13.26%	13.58%	13.72%	15.23%	13.51%	13.75%	15.10%	15.43%	17.04%	9.03%
Net Operating Profit after Tax (NOPAT)	1,324	1,597	1,782	2,170	2,747	3,189	3,454	4,457	5,096	6,038	7,531
NOPAT Margin	30.16%	31.49%	30.33%	30.46%	31.50%	33.04%	32.88%	34.81%	37.92%	41.17%	31.59%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	28.96%	27.66%	28.27%	26.12%	22.60%	20.10%	20.47%	19.17%	19.77%	20.31%	17.81%
Operating Expenses to Revenue	47.16%	45.88%	46.78%	44.19%	40.73%	38.25%	38.94%	36.58%	36.62%	38.89%	53.81%
Earnings before Interest and Taxes (EBIT)	2,029	2,472	2,801	3,392	4,256	4,916	4,853	6,013	6,843	8,059	9,415
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,214	2,665	3,034	3,691	4,602	5,309	5,246	6,392	7,320	8,602	10,562
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.36	3.61	3.64	3.74	4.40	4.01	2.65	4.58	3.27	3.41	1.25
Price to Tangible Book Value (P/TBV)	3.92	4.01	3.99	4.04	4.70	4.21	2.76	4.74	3.37	3.50	2.21
Price to Revenue (P/Rev)	6.79	8.57	8.14	8.31	9.10	9.82	6.33	10.55	8.04	8.23	4.37
Price to Earnings (P/E)	22.55	27.29	26.87	27.34	28.93	29.78	19.25	30.33	21.24	20.02	13.93
Dividend Yield	1.44%	0.63%	0.65%	0.60%	0.55%	0.99%	0.00%	0.00%	0.89%	1.78%	2.47%
Earnings Yield	4.43%	3.66%	3.72%	3.66%	3.46%	3.36%	5.19%	3.30%	4.71%	4.99%	7.18%
Enterprise Value to Invested Capital (EV/IC)	1.82	2.10	1.98	2.15	2.13	2.19	1.66	2.73	1.96	1.93	0.98
Enterprise Value to Revenue (EV/Rev)	7.46	9.78	9.95	9.67	11.35	11.53	7.97	11.45	9.16	9.69	7.82
Enterprise Value to EBITDA (EV/EBITDA)	14.79	18.61	19.27	18.66	21.50	20.96	15.96	22.95	16.82	16.52	17.66
Enterprise Value to EBIT (EV/EBIT)	16.14	20.06	20.87	20.31	23.25	22.64	17.26	24.39	17.99	17.64	19.82
Enterprise Value to NOPAT (EV/NOPAT)	24.73	31.06	32.81	31.74	36.03	34.89	24.25	32.91	24.16	23.54	24.77
Enterprise Value to Operating Cash Flow (EV/OCF)	15.45	28.26	22.78	11.78	68.34	41.99	36.89	11.64	16.08	24.48	15.21
Enterprise Value to Free Cash Flow (EV/FCFF)	8.59	0.00	0.00	0.00	0.00	0.00	22.86	122.94	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	0.96	1.24	1.02	1.57	1.14	1.01	0.82	0.90	1.08	1.02
Long-Term Debt to Equity	0.74	0.61	0.60	0.71	0.79	0.64	0.54	0.54	0.62	0.70	0.84
Financial Leverage	1.20	0.99	1.11	1.12	1.32	1.33	1.07	0.91	0.86	0.99	1.03
Leverage Ratio	9.46	8.87	8.62	8.85	9.27	8.79	8.27	8.36	8.37	8.63	6.48
Compound Leverage Factor	9.46	8.87	8.62	8.85	9.27	8.79	8.27	8.36	8.37	8.63	5.82
Debt to Total Capital	50.60%	49.00%	55.41%	50.61%	61.13%	53.38%	50.20%	45.00%	47.39%	51.87%	50.42%
Short-Term Debt to Total Capital	13.97%	17.93%	28.66%	15.49%	30.30%	23.60%	23.25%	15.13%	14.80%	17.98%	8.62%
Long-Term Debt to Total Capital	36.63%	31.07%	26.75%	35.12%	30.82%	29.77%	26.95%	29.87%	32.59%	33.89%	41.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.10%	0.09%	0.08%	0.09%	0.08%	0.09%	0.09%	0.10%	0.10%	0.09%	5.90%
Common Equity to Total Capital	49.30%	50.91%	44.52%	49.30%	38.79%	46.54%	49.71%	54.90%	52.51%	48.04%	43.68%
Debt to EBITDA	4.11	4.35	5.38	4.40	6.17	5.10	4.83	3.79	4.07	4.45	9.11
Net Debt to EBITDA	1.32	2.29	3.50	2.60	4.26	3.10	3.29	1.80	2.05	2.49	6.74
Long-Term Debt to EBITDA	2.98	2.76	2.60	3.05	3.11	2.84	2.60	2.51	2.80	2.91	7.55
Debt to NOPAT	6.87	7.26	9.17	7.48	10.35	8.49	7.34	5.43	5.85	6.34	12.78
Net Debt to NOPAT	2.20	3.83	5.97	4.42	7.13	5.16	4.99	2.57	2.94	3.54	9.45
Long-Term Debt to NOPAT	4.97	4.60	4.42	5.19	5.22	4.74	3.94	3.60	4.02	4.14	10.59
Noncontrolling Interest Sharing Ratio	0.30%	0.19%	0.17%	0.18%	0.19%	0.19%	0.18%	0.18%	0.18%	0.19%	8.71%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,815	-4,071	-4,042	-445	-11,647	-1,053	3,664	1,193	-3,992	-4,852	-109,559
Operating Cash Flow to CapEx	1,324.33%	1,273.89%	1,722.80%	3,025.90%	1,037.53%	1,135.33%	945.12%	5,221.43%	2,223.97%	1,104.80%	1,954.57%
Free Cash Flow to Firm to Interest Expense	1.00	-0.96	-0.80	-0.08	-1.80	-0.14	0.45	0.15	-0.52	-0.51	-5.95
Operating Cash Flow to Interest Expense	0.55	0.41	0.51	1.01	0.22	0.34	0.28	1.56	0.99	0.62	0.67
Operating Cash Flow Less CapEx to Interest Expense	0.51	0.38	0.48	0.98	0.20	0.31	0.25	1.53	0.95	0.56	0.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.06	0.06	0.05	0.05	0.06	0.05	0.05	0.06
Fixed Asset Turnover	8.33	9.59	10.94	12.51	14.54	15.79	16.60	18.74	16.86	15.17	16.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,983	23,651	29,475	32,091	46,484	50,726	50,516	53,780	62,868	73,758	190,848
Invested Capital Turnover	0.23	0.24	0.22	0.23	0.22	0.20	0.21	0.25	0.23	0.21	0.18
Increase / (Decrease) in Invested Capital	-2,490	5,668	5,824	2,616	14,394	4,242	-210	3,264	9,088	10,890	117,090
Enterprise Value (EV)	32,749	49,599	58,472	68,878	98,954	111,268	83,753	146,692	123,126	142,148	186,555
Market Capitalization	29,812	43,463	47,819	59,250	79,321	94,773	66,464	135,163	108,062	120,703	104,099
Book Value per Share	$3.73	$5.02	$5.24	$6.26	$7.04	$9.10	$9.22	$5.39	$5.99	$6.39	$14.94
Tangible Book Value per Share	$3.20	$4.52	$4.78	$5.80	$6.59	$8.68	$8.86	$5.20	$5.81	$6.23	$8.43
Total Capital	17,983	23,651	29,475	32,091	46,484	50,726	50,516	53,780	62,868	73,758	190,848
Total Debt	9,100	11,589	16,331	16,240	28,415	27,077	25,360	24,201	29,792	38,257	96,221
Total Long-Term Debt	6,587	7,349	7,884	11,271	14,328	15,103	13,616	16,062	20,487	24,996	79,779
Net Debt	2,919	6,115	10,630	9,599	19,597	16,451	17,243	11,476	15,003	21,377	71,191
Capital Expenditures (CapEx)	160	138	149	193	140	233	240	241	344	526	628
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	9,100	11,589	16,331	16,240	28,415	27,077	25,360	24,201	29,792	38,257	96,221
Total Depreciation and Amortization (D&A)	185	193	233	299	346	393	394	378	477	543	1,147
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.33	$0.36	$0.43	$0.53	$0.60	$0.63	$0.81	$0.92	$1.08	$0.01
Adjusted Weighted Average Basic Shares Outstanding	7.00	8.00	8.00	10.00	13.00	14.00	4.00	5.00	5.00	6.00	7.60B
Adjusted Diluted Earnings per Share	$0.27	$0.33	$0.35	$0.42	$0.53	$0.59	$0.62	$0.80	$0.91	$1.07	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	4.80B	5.01B	5.06B	5.13B	5.19B	5.45B	5.48B	5.51B	5.55B	5.58B	7.60B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.80B	5.01B	5.06B	5.13B	5.19B	5.45B	5.48B	5.51B	5.55B	5.58B	7.60B
Normalized Net Operating Profit after Tax (NOPAT)	1,324	1,597	1,782	2,170	2,747	3,189	3,454	4,457	5,096	6,038	8,376
Normalized NOPAT Margin	30.16%	31.49%	30.33%	30.46%	31.50%	33.04%	32.88%	34.81%	37.92%	41.17%	35.13%
Pre Tax Income Margin	46.22%	48.74%	47.68%	47.60%	48.81%	50.92%	46.21%	46.96%	50.93%	54.95%	35.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.53	0.58	0.56	0.59	0.66	0.64	0.59	0.74	0.89	0.85	0.51
NOPAT to Interest Expense	0.35	0.38	0.35	0.38	0.43	0.41	0.42	0.55	0.66	0.64	0.41
EBIT Less CapEx to Interest Expense	0.49	0.55	0.53	0.56	0.64	0.61	0.56	0.71	0.84	0.80	0.48
NOPAT Less CapEx to Interest Expense	0.30	0.34	0.32	0.34	0.40	0.38	0.39	0.52	0.62	0.58	0.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.35%	19.40%	20.64%	20.80%	19.29%	18.60%	25.52%	0.05%	9.37%	17.41%	13.80%
Augmented Payout Ratio	22.20%	20.12%	20.64%	20.80%	19.37%	18.60%	25.52%	0.05%	9.37%	17.41%	13.80%

No quarterly metrics and ratios for HDFC Bank are available.

Key Financial Trends

HDFC Bank has demonstrated significant growth in its financial position over the last three fiscal years ending in March 2024. Analysis of the balance sheet trends highlights several key points to consider for investors:

Total assets increased substantially from approximately $278.3 billion in FY 2022 to $529.4 billion in FY 2024, showcasing strong expansion in the bank's asset base.
Loans held for sale expanded markedly, reaching $316.0 billion in FY 2024 from $185.0 billion in FY 2022, indicating growth in loan portfolio and potential income generation.
Interest-bearing deposits grew from $174.0 billion in FY 2022 to $248.2 billion in FY 2024, reflecting increased customer deposits that can fund lending and investments.
Long-term debt rose from $20.5 billion in FY 2022 to $79.8 billion in FY 2024, possibly supporting strategic investments and growth initiatives.
Common stock value increased significantly to $52.2 billion in FY 2024 from $11.1 billion in FY 2022, likely due to equity raises or stock revaluations.
Retained earnings grew from $22.2 billion in FY 2022 to $31.5 billion in FY 2024, indicating accumulated profits and financial strength.
Goodwill and intangible assets increased dramatically in FY 2024 ($19.6 billion and $16.8 billion respectively) compared to previous years, which may be related to acquisitions or accounting adjustments and require monitoring.
The bank reported negative accumulated other comprehensive income (AOCI) across the years, which slightly increased in FY 2024 to about -$186 million, showing some unrealized losses on certain investments or currency translations.
Short-term debt increased to $16.4 billion in FY 2024 from $9.3 billion in FY 2022, which could imply higher short-term obligations and potential liquidity risks if not managed.
Total liabilities more than doubled from $245.2 billion in FY 2022 to $434.8 billion in FY 2024, reflecting higher leverage that investors should watch for potential risk exposure.

Overall, HDFC Bank exhibits robust growth with expanding assets, deposits, and equity base, supported by increased borrowings that are fueling its expansion. The rise in intangible assets and goodwill in FY 2024 suggests acquisition activity or significant capital investments, which may impact future earnings. Investors should balance the positive growth trends against rising liabilities and short-term debt levels when evaluating the bank’s financial health.

08/02/25 07:01 AMAI Generated. May Contain Errors.

Frequently Asked Questions About HDFC Bank's Financials

When does HDFC Bank's financial year end?

According to the most recent income statement we have on file, HDFC Bank's fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has HDFC Bank's net income changed over the last 10 years?

HDFC Bank's net income appears to be on an upward trend, with a most recent value of $7.53 billion in 2024, rising from $1.32 billion in 2014. The previous period was $6.04 billion in 2023. Check out HDFC Bank's forecast to explore projected trends and price targets.

How has HDFC Bank's revenue changed over the last 10 years?

Over the last 10 years, HDFC Bank's total revenue changed from $4.39 billion in 2014 to $23.84 billion in 2024, a change of 443.1%.

How much debt does HDFC Bank have?

HDFC Bank's total liabilities were at $434.75 billion at the end of 2024, a 56.5% increase from 2023, and a 468.0% increase since 2014.

How much cash does HDFC Bank have?

In the past 10 years, HDFC Bank's cash and equivalents has ranged from $5.47 billion in 2015 to $25.03 billion in 2024, and is currently $25.03 billion as of their latest financial filing in 2024.

How has HDFC Bank's book value per share changed over the last 10 years?

Over the last 10 years, HDFC Bank's book value per share changed from 3.73 in 2014 to 14.94 in 2024, a change of 301.0%.

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This page (NYSE:HDB) was last updated on 8/2/2025 by MarketBeat.com Staff

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HDFC Bank (HDB) Financials

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HDFC Bank (HDB) Financials

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