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HDFC Bank Limited ADR (HDB)



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Upturn Advisory Summary
06/30/2025: HDB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $84.72
1 Year Target Price $84.72
3 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -18.06% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 196.89B USD | Price to earnings Ratio 23.92 | 1Y Target Price 84.72 |
Price to earnings Ratio 23.92 | 1Y Target Price 84.72 | ||
Volume (30-day avg) 4 | Beta 0.57 | 52 Weeks Range 56.58 - 78.14 | Updated Date 06/30/2025 |
52 Weeks Range 56.58 - 78.14 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 1.01% | Basic EPS (TTM) 3.22 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.95% | Operating Margin (TTM) 36.81% |
Management Effectiveness
Return on Assets (TTM) 1.74% | Return on Equity (TTM) 14.57% |
Valuation
Trailing PE 23.92 | Forward PE 16.98 | Enterprise Value 4599351083008 | Price to Sales(TTM) 0.07 |
Enterprise Value 4599351083008 | Price to Sales(TTM) 0.07 | ||
Enterprise Value to Revenue 7.59 | Enterprise Value to EBITDA - | Shares Outstanding 2555970048 | Shares Floating 7624743523 |
Shares Outstanding 2555970048 | Shares Floating 7624743523 | ||
Percent Insiders - | Percent Institutions 14.36 |
Analyst Ratings
Rating 2 | Target Price 84.72 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
HDFC Bank Limited ADR

Company Overview
History and Background
HDFC Bank Limited ADR was established in 1994 following the liberalization of the Indian banking sector. It quickly became a prominent player, focusing on technology and customer service. Over the years, it expanded its services and reach through organic growth and strategic acquisitions, establishing itself as a leading private sector bank in India.
Core Business Areas
- Retail Banking: Offers a wide range of products and services to individual customers, including savings accounts, current accounts, loans (personal, auto, home), credit cards, debit cards, and investment products.
- Wholesale Banking: Provides banking solutions to corporations, including working capital finance, term loans, trade finance, cash management services, and treasury products.
- Treasury: Manages the bank's investment portfolio, foreign exchange operations, and money market activities.
- Other Banking Services: Include Insurance and wealth management services
Leadership and Structure
HDFC Bank is led by a Board of Directors and a management team headed by the Managing Director & CEO. The organizational structure is hierarchical, with various departments and divisions responsible for different aspects of the bank's operations. The Bank's structure is decentralized to foster efficiency.
Top Products and Market Share
Key Offerings
- Market Share: Difficult to obtain exact market share numbers but they are among the top 3 in this space.
- Savings Accounts: Core product for retail customers, offering various interest rates and features. HDFC Bank has a sizable market share in savings accounts in India. Competitors include ICICI Bank, State Bank of India, and Axis Bank.
- Loans (Personal, Auto, Home): Provides various loan products to meet different customer needs. Faces competition from other banks and NBFCs. HDFC Bank is among the top lenders in India.
- Market Share: Difficult to obtain exact market share numbers but they are among the top 3 in this space.
- Credit Cards: HDFC Bank is a major player in the Indian credit card market. Competitors include SBI Cards, ICICI Bank, and Axis Bank.
- Market Share: HDFC Bank typically holds one of the largest shares of outstanding credit cards in India, but it fluctuates depending on promotional events from its competitors.
Market Dynamics
Industry Overview
The Indian banking industry is undergoing significant transformation, driven by technological advancements, increasing competition, and evolving customer expectations. Regulatory changes and macroeconomic factors also play a crucial role.
Positioning
HDFC Bank is one of the leading private sector banks in India, known for its technological innovation, customer-centric approach, and strong financial performance. It competes with both public sector and private sector banks, as well as NBFCs.
Total Addressable Market (TAM)
The Indian banking sector has a massive TAM, with significant growth potential driven by increasing financial inclusion and economic development. HDFC Bank is well-positioned to capture a substantial portion of this market.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Extensive branch network
- Advanced technology platform
- High asset quality
- Experienced management team
- Diversified product portfolio
Weaknesses
- Relatively higher operating costs compared to some competitors
- Dependence on urban markets
- Potentially impacted by economic slowdown
- ADR liquidity compared to native shares
Opportunities
- Expanding into rural markets
- Increasing digital banking adoption
- Growing wealth management business
- Strategic acquisitions and partnerships
- Increasing India's GDP
Threats
- Increasing competition from fintech companies
- Rising interest rates
- Economic downturn
- Regulatory changes
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- ICICI Bank (ICICI)
- Axis Bank (AXISBANK)
- State Bank of India (SBIN.NS)
Competitive Landscape
HDFC Bank benefits from a strong brand and technologically superior position. However, competition is very intense from both other public and private banks.
Major Acquisitions
Centurion Bank of Punjab
- Year: 2008
- Acquisition Price (USD millions): 2400
- Strategic Rationale: Expanded HDFC Bank's branch network and customer base, particularly in northern India.
HDFC Limited
- Year: 2023
- Acquisition Price (USD millions): Not Applicable - Merger
- Strategic Rationale: Merger to consolidate housing finance operations and enhance synergies
Growth Trajectory and Initiatives
Historical Growth: HDFC Bank has demonstrated strong growth in both assets and profitability over the past decade, driven by its expansion in retail and wholesale banking.
Future Projections: Analysts project continued growth for HDFC Bank, driven by its strong market position and favorable macroeconomic conditions in India.
Recent Initiatives: Recent initiatives include expanding digital banking services, focusing on customer acquisition in rural areas, and strengthening its risk management framework.
Summary
HDFC Bank is a prominent Indian bank that has shown a large amount of growth in the last few decades. It benefits from a good brand and a well-developed tech infrastructure. It should look to expand into rural markets and manage increasing competition to maintain its position in India.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Financial news articles
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market data can be delayed or inaccurate. Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About HDFC Bank Limited ADR
Exchange NYSE | Headquaters - | ||
IPO Launch date 2001-07-20 | MD, CEO & Director Mr. Sashidhar Jagdishan | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 214521 | Website https://www.hdfcbank.com |
Full time employees 214521 | Website https://www.hdfcbank.com |
HDFC Bank Limited engages in the provision of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates in three segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits. The company also provides personal, home, car, two-wheeler, business, doctor, educational, gold, consumer, and rural loans; loans against properties, securities, mutual funds, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment and commercial vehicle finance, dealer finance, and term loans. In addition, it offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; insurance and investment products. Further, the company provides short term finance, bill discounting, structured finance, export credit, loan repayment, and documents collection services; online and wholesale, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; and channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. It operates branches and automated teller machines in various cities/towns. The company was incorporated in 1994 and is headquartered in Mumbai, India.
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