HDFC BANK LIMITED (HDB) valuation

Bring your own price

Enter a share price and a discount rate — every multiple, the earning-power value and the reverse-DCF below recompute on the spot from HDFC BANK LIMITED's latest SEC EDGAR filings. Change either input and the whole page follows.

HDFC BANK LIMITED reports in INR, so every figure on this page is in INR as filed — enter a share price in INR (its home-market price, not a USD ADR quote) so the multiples line up. Ratios (P/E, EV/EBITDA, the EPV and reverse-DCF margins) are currency-neutral.
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Enter a share price to run the model.

The prefilled 8.9% is a plain CAPM cost of equity at β = 1: the 10-year Treasury yield (4.46%, 2026-06-18, U.S. Treasury 10-yr) plus the U.S. equity risk premium (4.46%, Damodaran 2026-01-01). Build a firmer per-company rate with the cost-of-equity and WACC calculators, then paste it here.

Share price · awaiting your input

Market Capitalization

Equity value at your price

Price-to-Earnings

P/E · Trailing Diluted

Earnings Yield

EPS ÷ Price · Trailing

Price-to-Free-Cash-Flow

P/FCF · Trailing

Free-Cash-Flow Yield

FCF Yield · Trailing

Price-to-Sales

P/S · Trailing

Price-to-Book

P/B · Latest filing

Fundamentals from the filings

Every model input below comes straight from HDFC BANK LIMITED's SEC EDGAR XBRL filings — these are the denominators and bridge inputs the calculator pairs with your price and rate.

Trailing twelve months · FY2025 (year ending 2025-03-31)

Revenue
₹2.19T
EBIT (GAAP)
₹861.55B
EBIT margin
39.3%
Operating cash flow
₹1.20T
CapEx
₹66.40B
D&A
₹25.24B
Free cash flow
₹1.13T
Stock-based comp
₹24.63B
YoY revenue growth
18.1%

Balance sheet · 20-F · period ending 2025-03-31

Cash & equivalents
₹1.98T
Total debt
₹7.33T
Stockholders' equity
₹7.68T
Excess cash
₹1.94T

Total debt = Long-term debt (₹5.87T) + Short-term borrowings (₹1.31T) + Operating lease liability (₹153.93B) .

Excess cash = total cash − an operating-cash floor of 2% of TTM revenue (₹43.80B) that a buyer couldn't pocket without starving operations.

Share count

Diluted shares (TSM-scaled)
7684.1M

Method: point-in-time shares outstanding × 1.0042 (latest filer-disclosed diluted ÷ basic ratio). See the diluted-shares methodology for why this count denominates EPV/share and the reverse-DCF equity bridge.

Earning-Power-Value, reverse-DCF, and EV/EBITDA are hidden for this insurer. EPV and the reverse-DCF both anchor on an EBIT margin, but a insurer's "margin" is interest-spread × leverage with non-EBIT investment results mixed in; EV/EBITDA omits deposits and borrowings — the actual funding — so the multiple isn't interpretable. The trailing multiples above (P/E, P/S, P/B, P/FCF) still render, but the right lens here is price-to-tangible-book-value and ROE vs cost of equity — applied manually, outside this page.

What these ratios mean & how they're built: see the valuation ratios glossary on the Financials methodology page — per-ratio definitions and the exact us-gaap concepts behind each numerator and denominator.

Sources. Fundamentals come from SEC EDGAR XBRL filings for HDB (CIK 0001144967). The share price and the discount rate are inputs you supply — nothing on this page is a market quote, and the page fetches no market data. Per-share denominators are split-adjusted to today's share count.

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