Investor presentation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Oct - Presentation to be made at the Earnings Call
Source: Bse
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.
Data qualityVerify one data layerQuote updated 21 Oct, 03:31 pm ISTPost-result recalculation pendingDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result17 Oct, 01:56 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
40Neutralfull bear SMA stack · MACD + · near 52W low
Stock trend: 37
Sector RS: 45
Sector 3M: -5.7% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HDFCBANKD candles · FIT view-10.5%Latest close ₹706.95 on 2026-10-21
Bar
-0.4%
RSI
46
MACD hist
0.65
52W pos
7%
2026-10-21O ₹709.55H ₹715.40L ₹698.25C ₹706.95Vol 2.7Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HDFCBANKNifty Financial ServicesNifty 500
- HDFCBANK
- -7.2%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- -0.7 pp
Chart stats
21 Oct 2026- From 52W high
- -30.7%
- 52W range position
- 7%
- ATR (14)
- 2.2%
- Volume vs 20D
- 0.87x
- Avg traded value
- ₹2,165 Cr
- 20D price channel
- ₹690.5 - ₹749.3
₹1,020.5
₹681.9 - ₹1,020.5
₹15.2
Latest completed session
20-session average
23.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE49
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average50
Revenue +48.7% · PAT +1.6% YoY
Technical
Neutral40
Price trend and sector-relative-strength timing.
Valuation
Legacy model+46.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Average · 50/100Rev +49% YoY · PAT +2% YoY · +43% QoQ
Filed 17 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,29,358.7 Cr | +48.7% | +42.8% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹20,700 Cr | +1.6% | +1.6% |
| PAT margin | 16.0% | -741 bps | -650 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.90
- P/B
- 1.82
- EV/EBITDA
- —
- Market Cap
- 1095493.00Cr
Profitability
- ROE
- 13.60%
- ROCE
- 7.02%
- ROA
- 1.68%
- Dividend Y
- 1.81%
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
- 11.04%
- FCF Positive Y
- 7/5
- OCF
- 113506.00 Cr
- EPS TTM
- 51.35
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 9%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 3.0-84.2% vs prev
Net Profit
₹ CrLatest: 79.2k+7.9% vs prev
Return on Equity
%Latest: 13.5-3.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 46.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 46 — falling, 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.
Nifty 500 leadership
Relative Strength & Trend Stage
25
RS percentile
Stage 4 Downtrend
1M return
-4.4%
3M return
-7.2%
6M return
-9.9%
1Y return
-29.9%
RS 1D
+1
RS 20D
+8
Sector rank
#10
Industry rank
#8
Stage evidence
- Price is 6.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.4%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 77.46+0.22%
RS vs Nifty 50077
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · FAIR VALUEValuation13/30
Growth16/25
Quality6/20
Balance Sheet2/15
Cash Flow8/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
49
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
49/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 11.0%.
- Fair-value margin of safety is positive at 46.0%.
- 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.
Sector valuation model
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.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
13.9
PB
1.8
EV/EBITDA
—
ROE
13.6%
ROCE
7.0%
FCF Yield
11.0%
Debt/Equity
0.2
MoS
+46.0%
Score movement
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.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
49
Previous: 49
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+46.0%
Previous: +45.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
49
49
49
49
49
49
49
49
49
49
49
49
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹671.26
-5.3% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹1,309.43
+46.0% MoS
PEG
0.75
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ICICIBANK
Large
ICICI Bank Limited
Banking
match 167
46
17.1
15.9%
+31%
FAIR VALUE
AXISBANK
Large
Axis Bank Limited
Banking
match 161
44
12.8
13.1%
+50%
WATCHLIST
KOTAKBANK
Large
Kotak Mahindra Bank Limited
Banking
match 160
26
21.8
11.4%
+15%
OVERVALUED
J&KBANK
Large
The Jammu & Kashmir Bank Limited
Banking
match 157
64
6.6
15.4%
+74%
UNDERVALUED
INDUSINDBK
Large
IndusInd Bank Limited
Banking
match 155
10
51.2
1.4%
-2121%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-19T00:41:10.000Z
Management commentary snapshot
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Thesis monitor
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.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 84th percentile within Financial Services. Main check: balance sheet trust is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
72 docs text-extracted · 32 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Financial Services: 84th pctile, median 62 · Large: 51st pctile, median 73
Evidence depth
Financial-only
72 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read 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.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
56
watch · capital discipline
Results
87
strong · quarterly consistency
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.
Continue researching HDFC Bank Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Oct - Newspaper publication confirming the dispatch of Postal Ballot Notice
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 25 Sep - Allotment of 18,97,180 equity shares pursuant to exercise of ESOP/RSU
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 16 Sep - Allotment of equity shares pursuant to exercise of ESOP/RSU
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 20 Aug - S&P and Moody’s assigned BBB/Baa3 ratings to HDFC Bank’s USD1.75 billion senior notes due 2029 and 2031.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 19 Aug - CARE and India Ratings reaffirmed/assigned A1+ ratings for HDFC Bank’s ₹2,000 crore and ₹2,000 crore CDs on Aug 18-19, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 14 Aug - Allotment of 1729212 equity shares pursuant to exercise of ESOP/RSU
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Aug - Intimation of Schedule of Analyst / Institutional Investor Meetings under Regulation 30 of the SEBI (LODR) Regulations, 2015
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Jul
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 11 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Jun - Newspaper advertisement- Notice of the 32nd Annual General Meeting of HDFC Bank Limited and other related information
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 25 Jun - Allotment of 5,18,036 equity shares pursuant to exercise of ESOP/RSU
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.