AI Summary
✦ ClarthaHDFC Bank is an Indian private-sector bank serving individuals and businesses across domestic and selected international markets. Retail Banking drives deposits and consumer lending, Wholesale Banking serves businesses, while Treasury manages investments and liquidity. Recent credit and capital-flow optimism could support loan growth, though the provided data shows only 4.7% revenue growth. Stable margins and 13.8% ROE indicate consistent earnings quality, with profit growth broadly matching revenue growth at 4.6%. Debt-to-equity is unavailable, so leverage impact on ROE cannot be assessed. At 16.0 times earnings, valuation appears fair against moderate growth and neutral market sentiment. The key open question is whether improving credit demand can accelerate growth without weakening asset quality or margins.
Valuation Metrics
Trading 9.5% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -1.08). Confidence: 89%.
Live forward EPS implies next-12-month EPS of ₹62.60. Applying the stock's normalized valuation corridor produces a fair range of ₹1,025.39 to ₹1,254.50, with base value near ₹1,101.76 (+51.2% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹62.60
Forward P/E
11.6x
Base Fair Value
₹1,101.76
Fair Range
₹1,025.39 - ₹1,254.50
Upside To Base
+51.2%
Estimate Source
Live forward EPS
Growth Estimate
+18.1%
5Y Average
1.97
Current
1.85
Overvalued
2.27
Undervalued
1.67
5Y Average
17.19
Current
15.93
Overvalued
20.04
Undervalued
16.38
5Y Average
4.11
Current
3.81
Overvalued
4.73
Undervalued
3.49
Peers & Comparison
Sector: Financials · Theme: Private Banks
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
KOTAK MAHINDRA BANK LTD KOTAKBANKPrivate Banks | +21.0% | 28.5% | 19.2x Fair | +8% vs avg | +0.4% |
ICICI BANK LTD. ICICIBANKPrivate Banks | +11.4% | 27.5% | 18.4x Fair | +3% vs avg | +0.7% |
AXIS BANK LIMITED AXISBANKPrivate Banks | +14.0% | 36.0% | 14.0x Undervalued | -21% vs avg | +16.6% |
SHRIRAM FINANCE LIMITED SHRIRAMFINConsumer Finance | +39.1% | 50.1% | 19.5x Fair | +10% vs avg | +85.9% |
HDFC Bank Limited trades in line with peers (15.9x vs avg 17.8x), reflecting a fair valuation within the Private Banks cohort. Peers include KOTAK MAHINDRA BANK LTD, ICICI BANK LTD., AXIS BANK LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹79.36K CrJun 2026Latest net profit
₹19.06K CrJun 2026Free cash flow
₹1.21L CrMar 2026Net Profit
₹19.06K CrProfit conversionPerformance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 48,587 | 67,698 | 70,583 | 71,473 | 73,033 | 74,017 | 76,007 | 77,460 | 77,470 | 76,691 | 76,751 | 76,610 | 79,363 |
| Interest | 24,988 | 40,313 | 42,111 | 42,396 | 43,196 | 43,903 | 45,354 | 45,394 | 46,032 | 45,139 | 44,136 | 43,528 | 45,829 |
| Expenses + | 16,917 | 18,303 | 20,178 | 31,480 | 19,223 | 19,591 | 20,260 | 20,750 | 31,875 | 21,478 | 21,609 | 21,087 | 21,247 |
| Financing Profit | 6,682 | 9,082 | 8,294 | -2,404 | 10,614 | 10,523 | 10,393 | 11,316 | -438 | 10,073 | 11,006 | 11,994 | 12,287 |
| Financing Margin % | 14% | 13% | 12% | -3% | 15% | 14% | 14% | 15% | -1% | 13% | 14% | 16% | 15% |
| Other Income + | 9,230 | 10,708 | 11,137 | 18,166 | 10,668 | 11,483 | 11,454 | 12,028 | 21,730 | 14,350 | 13,254 | 13,199 | 12,822 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 15,912 | 19,790 | 19,431 | 15,763 | 21,283 | 22,005 | 21,847 | 23,344 | 21,292 | 24,423 | 24,260 | 25,193 | 25,108 |
| Tax % | 25% | 19% | 16% | -5% | 24% | 24% | 23% | 25% | 15% | 24% | 23% | 24% | 24% |
| Net Profit + | 11,952 | 15,976 | 16,373 | 16,512 | 16,175 | 16,821 | 16,736 | 17,616 | 18,155 | 18,641 | 18,654 | 19,221 | 19,060 |
| EPS in Rs | 10.69 | 10.54 | 10.78 | 10.87 | 10.63 | 11.02 | 10.94 | 11.51 | 11.84 | 12.13 | 12.12 | 12.49 | 12.38 |
| Gross NPA % | 1.17% | 1.34% | 1.26% | 1.24% | 1.33% | 1.36% | 1.42% | 1.33% | 1.40% | 1.24% | 1.24% | 1.15% | 1.17% |
| Net NPA % | 0.30% | 0.35% | 0.31% | 0.33% | 0.39% | 0.41% | 0.46% | 0.43% | 0.47% | 0.42% | 0.42% | 0.38% | 0.41% |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Newspaper Publication Regarding Special Window For Transfer And Dematerialisation Of Physical Shares Of HDFC Bank Limited