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Upturn AI Summary - About
HDFC Bank Limited ADR(HDB)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HDB
10/20/2026: HDB (1-star) is currently NOT-A-BUY. Pass it for now.
HDFC Bank is a prominent private sector bank in India, recognized for its strong brand, extensive branch network, and disciplined approach to retail and wholesale banking. The company has a solid reputation for consistent growth, recently bolstered by the strategic merger with HDFC Limited. Its primary growth story involves capitalizing on India’s formalization of the economy and rising credit demand. Investors face risks related to merger integration, domestic regulatory changes, and competitive pressures from fintech. The stock is best suited for long-term growth investors who understand the dynamics of emerging markets and are prepared for the volatility associated with ADRs and banking industry cycles.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company maintains a strong track record of expanding its loan book and market share in the growing Indian economy. |
| Momentum investor | Mixed fit | Momentum varies based on broader emerging market sentiment and the progress of merger integration. |
| Value investor | Mixed fit | Valuation is often premium due to the bank's quality, which may limit the margin of safety for strict value seekers. |
| Dividend investor | Weak fit | While the bank pays dividends, the yield is generally low, making it less suitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | While it is a stable, high-quality bank, emerging market currency and regulatory risks introduce volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | ADRs of emerging market banks are subject to currency fluctuations and international investor sentiment. |
| Valuation risk | Medium | The stock frequently trades at a premium valuation that requires consistent growth to justify. |
| Competition risk (Banking) | Medium / high | The Indian banking sector faces intense competition from both state-run and private peers. |
| Business quality | Strong | HDFC Bank is widely recognized for its high franchise quality and disciplined risk management culture. |
| Dividend income | Low | The focus remains on reinvesting capital into growth rather than high dividend payouts. |
| Execution risk | Medium / high | Successfully integrating the massive HDFC Limited mortgage business is a major multi-year execution task. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -7.44% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/20/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 118.62B USD | Price to earnings Ratio 14.89 | 1Y Target Price 30.3 |
Price to earnings Ratio 14.89 | 1Y Target Price 30.3 | ||
Volume (30-day avg) 10.1M shares | Beta 0.41 | 52 Weeks Range 21.71 - 35.68 | Updated Date 10/20/2026 |
52 Weeks Range 21.71 - 35.68 | Updated Date 10/20/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.55 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Interest earned on loans (retail/wholesale) minus interest paid on deposits. | The bank earns the spread between what it charges for loans and what it pays savers. |
| Fee-Based Income | Commissions, credit card fees, trade services, and investment banking fees. | This is non-interest income generated from transactions and banking services provided to customers. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-17 | When Before Market | Estimate 0.4 | Actual 0.49 |
Profitability
Profit Margin 26.79% | Operating Margin (TTM) 33.29% |
Management Effectiveness
Return on Assets (TTM) 1.75% | Return on Equity (TTM) 13.84% |
Valuation
Trailing PE 14.89 | Forward PE 13.46 | Enterprise Value 4.12T | Price to Sales(TTM) 0.04 |
Enterprise Value 4.12T | Price to Sales(TTM) 0.04 | ||
Enterprise Value to Revenue 9.13 | Enterprise Value to EBITDA - | Shares Outstanding 5.14B | Shares Floating 25.56B |
Shares Outstanding 5.14B | Shares Floating 25.56B | ||
Percent Insiders - | Percent Institutions 13.68 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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