HDFC Bank Limited (HDFCBANK)
Large CapFinancial Services stocks · Large cap · NSE
HDFC Bank Limited is a prominent Indian private sector bank, offering a wide range of banking and financial services to its customers across various segments. It operates through a vast network of branches and digital channels.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Average · 35/100Rev +4% YoY · PAT +19% YoY · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹90,575 Cr | +3.7% | +3.9% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹20,383 Cr | +19.3% | -3.3% |
| PAT margin | 22.5% | +294 bps | -167 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
No financial results or operational updates provided in this intimation document. The document only announces the Q1 FY27 earnings call and presentation.
No financial or operational data is available in this document to assess the investment thesis. The document solely serves as an intimation for an upcoming earnings call and presentation.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The document is an intimation for an earnings call and presentation for the quarter ended June 30, 2026. No financial results or operational data are provided to enable a comparison.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
24Bearishfull bear SMA stack · SMA20 -5.6% / mo · MACD + · near 52W low
Technical chart
HDFCBANKdaily · 1Y · AUTO-18.9%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 40.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~5.9% over last month) — short-term momentum negative.
- RSI(14) at 40 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 9.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.4%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 49 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 49 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 11.0%.
- Fair-value margin of safety is positive at 50.0%.
- Cash flow contributes 8/10 to the score.
Main drags
- Altman Z is 1.5, in distress territory.
- Balance sheet is weaker at 2/15; verify the latest quarterly trend.
- Quality is weaker at 6/20; verify the latest quarterly trend.
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 85th percentile within Financial Services. Main check: balance sheet trust is weak at 55/100.
Healthy Trust Lite: Promoter pledge is zero. Key concern: Altman Z is 1.48.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Financial Services: 85th pctile, median 62 · Large: 51st pctile, median 73
68 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 11%.
- ▸7 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Altman Z is 1.48.
- ▸ROCE is low at 7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 13.90
- P/B
- 1.83
- EV/EBITDA
- —
- Market Cap
- 1097644.00Cr
Profitability
- ROE
- 13.60%
- ROCE
- 7.02%
- ROA
- 1.68%
- Dividend Y
- 1.83%
Growth (CAGR)
- Revenue 5Y
- 22.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 27.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 0.19
- Interest Coverage
- —
- Altman Z
- 1.48
- Book Value
- 390.00
Cash Flow
- FCF Yield
- 11.02%
- FCF Positive Y
- 7/5
- OCF
- 113506.00 Cr
- EPS TTM
- 51.35
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 4%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.