भारताचा इक्विटी मार्केट 52-आठवड्यांच्या उच्चांकावर, मजबूत कमाई आणि परदेशी गुंतवणुकीच्या पुनरागमनाने चालना

Economy

Published on 20th November 2025, 5:34 PM

Author

Satyam Jha | Whalesbook News Team

Overview

गुरुवारी, भारतीय इक्विटी बेंचमार्क, निफ्टी 50 आणि सेन्सेक्स, 52-आठवड्यांचे नवीन उच्चांक गाठले. परदेशी संस्थात्मक गुंतवणूकदारांच्या (FII) गुंतवणुकीतील पुनरुज्जीवन आणि कंपन्यांच्या मजबूत कमाईमुळे हे घडले. संभाव्य अमेरिका-भारत कराराच्या चर्चांनी देखील बाजाराच्या भावनांना चालना दिली. विश्लेषकांच्या मते, चीनच्या इक्विटीच्या तुलनेत भारताचे सध्याचे मूल्यांकन आकर्षक आहे आणि सुधारणा आणि भांडवली खर्चातील (Capex) वाढीमुळे व्यापक निर्देशांकांमध्ये 11-12% वाढ अपेक्षित आहे.

HDFC Bank Ltd

₹ 998-1.07%

21 Nov – close price

🔗hdfcbank.com•BSE: 500180•NSE: HDFCBANK

Market Cap₹ 15,35,055 Cr.

Current Price₹ 998

High / Low₹ 1,020

Stock P/E21.6

Book Value₹ 337

Dividend Yield1.10 %

ROCE7.35 %

ROE14.3 %

Face Value₹ 1.00

Sales₹ 3,07,628 Cr.

OPM69.3 %

Mar Cap₹ 15,35,055 Cr.

ABOUT

HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.As of April 2024, HDFC Bank has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges.[1]

KEY POINTS

Market PositionThe company is India's one of 3 systemically important banks with a15% market sharein the banking sector’s advances and a37% market sharein the private sector banks’ advances as of FY24. It is also thesecond-largest bank in India.[1]It is among the top 3 Government Banks collecting direct and indirect taxes for the Government of India.[2]It is a market leader in almost every asset category.[3]

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	HDFC Bank	998.05	21.58	1535054.85	1.10	18641.28	10.82	76690.70	3.61	7.35	307627.89	69.33	71148.13	18641.28	2.96	1.79	6.39
2.	ICICI Bank	1369.50	18.37	978982.69	0.80	14318.15	3.16	48180.91	4.00	7.87	192684.91	28.30	53300.25	13357.06	2.94	2.18	5.58
3.	Kotak Mah. Bank	2087.80	22.37	415528.64	0.12	4468.27	-11.42	17198.74	4.70	8.17	67852.12	27.80	18574.23	4468.27	2.47	2.68	3.62
4.	Axis Bank	1275.80	15.24	395952.07	0.08	5566.56	-25.31	32309.77	2.24	7.11	129272.60	59.67	25988.99	5527.85	2.00	1.78	7.28
5.	IDBI Bank	100.24	11.60	107729.68	2.09	3240.77	73.56	7109.01	-4.51	6.78	28937.85	70.49	9284.32	3229.58	1.58	1.97	4.81
6.	Yes Bank	22.43	24.80	70343.91	0.00	664.31	17.25	7388.75	-4.50	6.36	30449.57	59.65	2836.87	664.31	1.43	0.59	7.29
7.	IDFC First Bank	78.33	46.85	67318.21	0.32	347.80	64.10	9936.93	10.94	6.22	38335.01	32.47	1437.04	347.80	1.24	0.46	6.85
–	Median: 20 Co.	246.06	15.24	23965.51	0.74	349.59	3.95	4430.65	3.8	6.95	17851.24	60.54	1397.21	349.59	1.33	1.35	7.29

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	14,465	15,270	16,147	16,917	18,303	20,178	31,480	19,223	19,591	20,260	20,750	31,875	21,478
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	7,596	8,500	8,731	9,230	10,708	11,137	18,166	10,668	11,483	11,454	12,028	21,730	14,350
Profit before tax	14,152	16,218	15,936	15,912	19,790	19,431	15,763	21,283	22,005	21,847	23,344	21,292	24,423
Tax %	25%	24%	24%	25%	19%	16%	-5%	24%	24%	23%	25%	15%	24%
Net Profit	10,606	12,259	12,047	11,952	15,976	16,373	16,512	16,175	16,821	16,736	17,616	18,155	18,641
EPS in Rs	9.52	10.99	10.80	10.69	10.54	10.78	10.87	10.63	11.02	10.94	11.51	11.84	12.13

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	12,959	15,407	18,999	22,464	27,712	32,529	41,644	47,123	50,904	57,329	84,068	76,445	94,364
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	7,920	8,996	10,752	12,296	15,220	17,626	23,261	25,205	29,510	31,215	49,241	45,632	59,561
Interest	22,653	26,074	32,630	36,167	40,146	50,729	58,626	55,979	55,744	74,743	149,808	177,847	181,919
Depreciation	672	656	706	833	906	1,140	1,196	1,302	1,600	2,242	2,810	3,379	0
Profit before tax	12,772	15,329	18,638	22,139	26,697	32,200	36,607	41,659	49,015	58,485	70,895	88,478	90,906
Net Profit	8,478	10,216	12,296	14,550	17,487	21,078	26,257	31,117	36,961	44,109	60,812	67,347	71,148
EPS in Rs	8.84	10.19	12.16	14.19	16.85	19.35	23.94	28.22	33.33	39.53	40.02	44.01	46.42
Dividend Payout %	19%	20%	20%	19%	19%	19%	5%	12%	23%	24%	24%	25%	–

Compounded Sales Growth

10 Years:20%

5 Years:21%

3 Years:33%

TTM:6%

Compounded Profit Growth

10 Years:21%

5 Years:21%

3 Years:22%

TTM:8%

Stock Price CAGR

10 Years:14%

5 Years:7%

3 Years:8%

1 Year:14%

Return on Equity

10 Years:16%

5 Years:16%

3 Years:16%

Last Year:14%

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	480	501	506	513	519	545	548	551	555	558	760	765	1,536
Reserves	42,999	61,508	72,172	88,950	105,776	148,662	170,438	203,170	239,538	279,641	439,486	500,659	516,689
Borrowings	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Liabilities	41,344	32,484	36,725	56,709	45,764	55,108	67,394	72,602	84,407	95,722	135,438	146,129	173,397
Total Liabilities	491,600	590,503	740,796	863,840	1,063,934	1,244,541	1,530,511	1,746,871	2,068,535	2,466,081	3,617,623	3,910,199	4,003,008
Fixed Assets	2,940	3,122	3,343	3,627	3,607	4,030	4,432	4,909	6,084	8,017	11,399	13,655	13,854
Gross Block	7,705.82	8,463.30	9,252.62	10,157.66	10,932.58	12,345.97	12,993.37	14,954.63	17,242.74	20,793.05	26,918.50	31,195.28	–
Accumulated Depreciation	4,721.65	5,297.32	5,865.22	6,486.68	7,281.13	8,271.72	8,561.46	10,045.32	11,159.07	12,776.51	15,519.51	17,539.88	–
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	120,951	151,642	195,836	214,463	242,200	293,116	391,827	443,728	455,536	517,001	702,415	836,360	874,321
Other Assets	367,709	435,740	541,617	645,750	818,127	947,395	1,134,253	1,298,233	1,606,916	1,941,064	2,903,809	3,060,184	3,114,833
Total Assets	491,600	590,503	740,796	863,840	1,063,934	1,244,541	1,530,511	1,746,871	2,068,535	2,466,081	3,617,623	3,910,199	4,003,008

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	8,364	-15,862	-30,132	23,585	26,074	-56,055	-16,690	41,495	-14,209	27,313	35,015	145,177
Cash from Investing Activity	-1,623	-1,933	-627	-1,985	-523	-1,231	-891	-1,262	-1,126	-1,997	12,604	-1,845
Cash from Financing Activity	5,563	14,543	33,347	-11,568	48,411	15,718	22,852	-7,381	48,192	16,122	-22,237	-122,909
Net Cash Flow	12,303	-3,252	2,587	10,033	73,963	-41,567	5,271	32,852	32,857	41,438	25,382	20,423

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	–	–	–	–	–	–	–	–	–	–	–	–
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	–	–	–	–	–	–	–	–	–	–	–	–
Working Capital Days	–	–	–	–	–	–	–	–	–	–	–	–
ROCE %	–	–	–	–	–	–	–	–	–	–	–	–

Shareholding Pattern
Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	25.60%	25.59%	25.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIIs	32.10%	32.24%	33.38%	52.13%	52.31%	47.83%	47.17%	48.02%	49.21%	48.30%	48.84%	48.38%
DIIs	28.13%	28.09%	26.75%	30.39%	30.54%	33.33%	35.20%	35.05%	34.37%	35.68%	35.77%	36.07%
Public	13.99%	13.91%	14.19%	17.30%	16.98%	18.64%	17.44%	16.75%	16.23%	15.84%	15.19%	15.33%