By Helgi Library - November 3, 2019
HDFC Bank made a net profit of INR 223 bil under revenues of INR 704 bil in 2018, up 20.7% and 19.4% respectively compared to the pre...
By Helgi Library - November 3, 2019
HDFC Bank made a net profit of INR 223 bil under revenues of INR 704 bil in 2018, up 20.7% and 19.4% respectively compared to the pre...
By Helgi Library - October 15, 2019
HDFC Bank stock traded at INR 1,167 per share at the end 2018 implying a market capitalization of USD 90,591 mil. Since the end of 2013...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR bil | 352 | 429 | 514 |
| Net Fee Income | INR bil | 94.8 | 123 | 149 |
| Other Income | INR bil | 34.1 | 37.3 | 40.0 |
| Total Revenues | INR bil | 481 | 589 | 704 |
| Operating Profit | INR bil | 273 | 346 | 422 |
| Provisions | INR bil | 39.3 | 61.4 | 78.8 |
| Net Profit | INR bil | 153 | 185 | 223 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR bil | 114 | 184 | 350 |
| Customer Loans | INR bil | 5,855 | 7,000 | 8,692 |
| Total Assets | INR bil | 8,923 | 11,032 | 12,928 |
| Shareholders' Equity | INR bil | 921 | 1,100 | 1,542 |
| Interbank Borrowing | INR bil | 241 | 182 | 165 |
| Customer Deposits | INR bil | 6,357 | 7,784 | 9,131 |
| Issued Debt Securities | INR bil | 984 | 1,564 | 1,577 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 18.3 | 18.3 | 16.9 |
| ROA | % | 1.84 | 1.86 | 1.86 |
| Costs (As % Of Assets) | % | 2.52 | 2.44 | 2.35 |
| Costs (As % Of Income) | % | 43.3 | 41.3 | 40.1 |
| Capital Adequacy Ratio | % | 14.6 | 14.8 | 17.1 |
| Net Interest Margin | % | 4.26 | 4.30 | 4.29 |
| Loans (As % Of Deposits) | % | 92.1 | 89.9 | 95.2 |
| NPLs (As % Of Loans) | % | 0.998 | 1.22 | 1.28 |
| Provisions (As % Of NPLs) | % | 68.7 | 69.8 | 71.4 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 24.2 | 26.4 | 28.3 | |
| Price/Book Value (P/BV) | 4.01 | 4.45 | 4.10 | |
| Earnings Per Share (EPS) | 29.6 | 35.4 | 41.3 | |
| Book Value Per Share | 179 | 210 | 285 | |
Get all company financials in excel:
| summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||
| Net Interest Income | INR bil | 162 | 191 | 234 | 291 | 352 | |||||||||
| Total Revenues | INR bil | 232 | 274 | 329 | 403 | 481 | |||||||||
| Operating Profit | INR bil | 114 | 152 | 182 | 223 | 273 | |||||||||
| Net Profit | INR bil | 68.7 | 87.4 | 107 | 128 | 153 | |||||||||
| balance sheet | |||||||||||||||
| Interbank Loans | INR bil | 129 | 146 | 90.0 | 89.9 | 114 | |||||||||
| Customer Loans | INR bil | 2,472 | 3,154 | 3,834 | 4,873 | 5,855 | |||||||||
| Debt Securities | INR bil | 1,109 | 1,195 | 1,642 | 1,936 | 2,107 | |||||||||
| Total Assets | INR bil | 4,077 | 5,036 | 6,071 | 7,622 | 8,923 | |||||||||
| Shareholders' Equity | INR bil | 369 | 443 | 633 | 745 | 921 | |||||||||
| Interbank Borrowing | INR bil | 79.5 | 83.7 | 95.6 | 121 | 241 | |||||||||
| Customer Deposits | INR bil | 2,936 | 3,643 | 4,468 | 5,412 | 6,357 | |||||||||
| Issued Debt Securities | INR bil | 395 | 496 | 595 | 1,037 | 984 | |||||||||
| ratios | |||||||||||||||
| ROE | % | 20.4 | 21.5 | 19.9 | 18.6 | 18.3 | |||||||||
| ROA | % | 1.83 | 1.92 | 1.92 | 1.87 | 1.84 | |||||||||
| Costs (As % Of Assets) | % | 3.16 | 2.69 | 2.64 | 2.62 | 2.52 | |||||||||
| Costs (As % Of Income) | % | 50.8 | 44.6 | 44.6 | 44.6 | 43.3 | |||||||||
| Capital Adequacy Ratio | % | 16.9 | 16.0 | 16.8 | 15.5 | 14.6 | |||||||||
| Net Interest Margin | % | 4.32 | 4.19 | 4.21 | 4.25 | 4.26 | |||||||||
| Interest Income (As % Of Revenues) | % | 69.5 | 69.7 | 71.0 | 72.2 | 73.2 | |||||||||
| Fee Income (As % Of Revenues) | % | 23.4 | 22.2 | 21.6 | 20.6 | 19.7 | |||||||||
| Equity (As % Of Assets) | % | 9.04 | 8.80 | 10.4 | 9.77 | 10.3 | |||||||||
| Loans (As % Of Deposits) | % | 84.2 | 86.6 | 85.8 | 90.0 | 92.1 | |||||||||
| Loans (As % Assets) | % | 60.6 | 62.6 | 63.2 | 63.9 | 65.6 | |||||||||
| NPLs (As % Of Loans) | % | ... | ... | 0.953 | 0.976 | 0.933 | 0.896 | 0.998 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 79.3 | 71.7 | 72.6 | 69.9 | 68.7 | ||||||
| valuation | |||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | 27,158 | 29,068 | 40,661 | 40,830 | 54,398 | |||||||||
| Number Of Shares (Average) | mil | 4,774 | 4,816 | 4,903 | 5,096 | 5,157 | |||||||||
| Share Price (End Of Period) | INR | 312 | 373 | 523 | 531 | 717 | |||||||||
| Earnings Per Share (EPS) | 14.4 | 18.2 | 21.8 | 25.1 | 29.6 | ||||||||||
| Book Value Per Share | 77.2 | 92.0 | 129 | 146 | 179 | ||||||||||
| Price/Earnings (P/E) | 21.7 | 20.5 | 24.0 | 21.2 | 24.2 | ||||||||||
| Price/Book Value (P/BV) | 4.04 | 4.05 | 4.05 | 3.64 | 4.01 | ||||||||||
| Earnings Per Share Growth | % | ... | 29.3 | 26.2 | 20.1 | 15.2 | 17.7 | ||||||||
| Book Value Per Share Growth | % | ... | 19.8 | 19.2 | 40.3 | 13.2 | 22.2 |
| income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||||||
| Interest Income | INR bil | 359 | 426 | 507 | 632 | 733 | |||||||||
| Interest Cost | INR bil | 197 | 234 | 273 | 341 | 380 | |||||||||
| Net Interest Income | INR bil | 162 | 191 | 234 | 291 | 352 | |||||||||
| Net Fee Income | INR bil | 54.4 | 61.0 | 71.2 | 83.1 | 94.8 | |||||||||
| Other Income | INR bil | 16.4 | 22.0 | 24.1 | 28.9 | 34.1 | |||||||||
| Total Revenues | INR bil | 232 | 274 | 329 | 403 | 481 | |||||||||
| Operating Cost | INR bil | 118 | 122 | 147 | 180 | 208 | |||||||||
| Operating Profit | INR bil | 114 | 152 | 182 | 223 | 273 | |||||||||
| Provisions | INR bil | 14.2 | 19.6 | 21.8 | 28.1 | 39.3 | |||||||||
| Extra and Other Cost | INR bil | 0.010 | -0.034 | -0.111 | 0.001 | 0.016 | |||||||||
| Pre-Tax Profit | INR bil | 100 | 132 | 161 | 195 | 234 | |||||||||
| Tax | INR bil | 31.0 | 44.5 | 53.8 | 66.9 | 80.8 | |||||||||
| Minorities | INR bil | 0.335 | 0.247 | 0.144 | 0.197 | 0.367 | |||||||||
| Net Profit | INR bil | 68.7 | 87.4 | 107 | 128 | 153 | |||||||||
| growth rates | |||||||||||||||
| Net Interest Income Growth | % | ... | 23.5 | 18.2 | 22.3 | 24.4 | 21.1 | ||||||||
| Net Fee Income Growth | % | ... | 20.4 | 12.0 | 16.9 | 16.6 | 14.1 | ||||||||
| Total Revenue Growth | % | ... | 22.4 | 17.9 | 20.1 | 22.4 | 19.4 | ||||||||
| Operating Cost Growth | % | ... | 17.8 | 3.53 | 19.9 | 22.5 | 15.8 | ||||||||
| Operating Profit Growth | % | ... | 17.8 | 3.53 | 49.1 | 22.3 | 22.3 | ||||||||
| Pre-Tax Profit Growth | % | ... | 30.5 | 32.1 | 21.7 | 21.3 | 19.8 | ||||||||
| Net Profit Growth | % | ... | 30.9 | 27.3 | 22.2 | 19.8 | 19.2 | ||||||||
| market share | |||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | 0.010 | 0.010 | 0.011 | 0.012 | 0.012 | ... | ||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | 0.012 | 0.016 | 0.020 | 0.031 | ... | ... | ... |
| balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||||||||||||
| Cash | INR bil | 146 | 254 | 275 | 301 | 379 | |||||||||
| Interbank Loans | INR bil | 129 | 146 | 90.0 | 89.9 | 114 | |||||||||
| Customer Loans | INR bil | 2,472 | 3,154 | 3,834 | 4,873 | 5,855 | |||||||||
| Debt Securities | INR bil | 1,109 | 1,195 | 1,642 | 1,936 | 2,107 | |||||||||
| Fixed Assets | INR bil | 23.9 | 26.0 | 26.6 | 34.8 | 38.1 | |||||||||
| Total Assets | INR bil | 4,077 | 5,036 | 6,071 | 7,622 | 8,923 | |||||||||
| Shareholders' Equity | INR bil | 369 | 443 | 633 | 745 | 921 | |||||||||
| Of Which Minority Interest | INR bil | 2.21 | 1.52 | 1.62 | 1.81 | 2.91 | |||||||||
| Liabilities | INR bil | 3,709 | 4,593 | 5,438 | 6,877 | 8,003 | |||||||||
| Interbank Borrowing | INR bil | 79.5 | 83.7 | 95.6 | 121 | 241 | |||||||||
| Customer Deposits | INR bil | 2,936 | 3,643 | 4,468 | 5,412 | 6,357 | |||||||||
| Sight Deposits | INR bil | 512 | 601 | 717 | 861 | 1,133 | |||||||||
| Term Deposits | INR bil | 2,424 | 3,042 | 3,751 | 4,551 | 5,224 | |||||||||
| Issued Debt Securities | INR bil | 395 | 496 | 595 | 1,037 | 984 | |||||||||
| Other Liabilities | INR bil | 298 | 370 | 279 | 308 | 420 | |||||||||
| asset quality | |||||||||||||||
| Non-Performing Loans | INR bil | ... | ... | 23.7 | 31.0 | 36.0 | 43.9 | 58.9 | |||||||
| Gross Loans | INR bil | 2,491 | 3,176 | 3,860 | 4,904 | 5,895 | |||||||||
| Total Provisions | INR bil | ... | ... | ... | 18.8 | 22.2 | 26.1 | 30.7 | 40.4 | ||||||
| growth rates | |||||||||||||||
| Customer Loan Growth | % | ... | 24.3 | 27.6 | 21.6 | 27.1 | 20.2 | ||||||||
| Total Asset Growth | % | ... | 19.5 | 23.5 | 20.5 | 25.6 | 17.1 | ||||||||
| Shareholders' Equity Growth | % | ... | 21.3 | 20.2 | 42.9 | 17.6 | 23.6 | ||||||||
| Customer Deposit Growth | % | ... | 20.2 | 24.1 | 22.6 | 21.1 | 17.5 | ||||||||
| market share | |||||||||||||||
| Market Share in Customer Loans | % | 4.48 | 4.91 | 5.40 | 6.11 | 7.09 | ... | ||||||||
| Market Share in Total Assets | % | 4.70 | 4.98 | 5.45 | 6.04 | 6.28 | ... | ||||||||
| Market Share in Customer Deposits | % | 4.67 | 5.06 | 5.47 | 5.92 | 5.97 | ... |
| ratios | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||||||||||||
| ROE | % | 20.4 | 21.5 | 19.9 | 18.6 | 18.3 | |||||||||
| ROA | % | 1.83 | 1.92 | 1.92 | 1.87 | 1.84 | |||||||||
| Costs (As % Of Assets) | % | 3.16 | 2.69 | 2.64 | 2.62 | 2.52 | |||||||||
| Costs (As % Of Income) | % | 50.8 | 44.6 | 44.6 | 44.6 | 43.3 | |||||||||
| Capital Adequacy Ratio | % | 16.9 | 16.0 | 16.8 | 15.5 | 14.6 | |||||||||
| Tier 1 Ratio | % | 11.0 | 11.7 | 13.7 | 13.2 | 12.8 | |||||||||
| Net Interest Margin | % | 4.32 | 4.19 | 4.21 | 4.25 | 4.26 | |||||||||
| Interest Spread | % | ... | 3.80 | 3.69 | 3.68 | 3.69 | 3.74 | ||||||||
| Asset Yield | % | 9.58 | 9.34 | 9.12 | 9.23 | 8.86 | |||||||||
| Cost Of Liabilities | % | ... | 5.78 | 5.65 | 5.44 | 5.53 | 5.11 | ||||||||
| Interest Income (As % Of Revenues) | % | 69.5 | 69.7 | 71.0 | 72.2 | 73.2 | |||||||||
| Fee Income (As % Of Revenues) | % | 23.4 | 22.2 | 21.6 | 20.6 | 19.7 | |||||||||
| Other Income (As % Of Revenues) | % | 7.04 | 8.03 | 7.33 | 7.17 | 7.09 | |||||||||
| Equity (As % Of Assets) | % | 9.04 | 8.80 | 10.4 | 9.77 | 10.3 | |||||||||
| Loans (As % Of Deposits) | % | 84.2 | 86.6 | 85.8 | 90.0 | 92.1 | |||||||||
| Loans (As % Assets) | % | 60.6 | 62.6 | 63.2 | 63.9 | 65.6 | |||||||||
| NPLs (As % Of Loans) | % | ... | ... | 0.953 | 0.976 | 0.933 | 0.896 | 0.998 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 79.3 | 71.7 | 72.6 | 69.9 | 68.7 | ||||||
| Provisions (As % Of Loans) | % | ... | ... | ... | 0.762 | 0.705 | 0.682 | 0.631 | 0.690 | ||||||
| Cost of Provisions (As % Of Loans) | % | 0.638 | 0.698 | 0.623 | 0.645 | 0.734 |
| other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | |||||||||||||||
| Employees | 69,065 | 68,165 | 76,286 | 87,555 | 84,325 | ||||||||||
| Sight (As % Of Customer Deposits) | % | 17.4 | 16.5 | 16.0 | 15.9 | 17.8 |
Get all company financials in excel:
By Helgi Library - October 15, 2019
HDFC Bank stock traded at INR 1,167 per share at the end 2018 implying a market capitalization of USD 90,591 mil. Since the end of 2013, the stock has appreciated by 213 % implying an annual average growth of 25.6 %. In absolute terms, the value of the company ro...
By Helgi Library - October 15, 2019
HDFC Bank's capital adequacy ratio reached 17.1% at the end of 2018, up from 14.8% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.5% in 2009 and an all time low of 11.4% in 2005. The Tier 1 ratio amounted to ...
By Helgi Library - October 15, 2019
HDFC Bank's capital adequacy ratio reached 17.1% at the end of 2018, up from 14.8% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.5% in 2009 and an all time low of 11.4% in 2005. The Tier 1 ratio amounted to ...
By Helgi Library - November 3, 2019
HDFC Bank generated total banking revenues of INR 704 bil in 2018, up 19.4% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 704 bil in 2018 and an all tim...
By Helgi Library - November 3, 2019
HDFC Bank generated total banking revenues of INR 704 bil in 2018, up 19.4% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 704 bil in 2018 and an all tim...
By Helgi Library - October 15, 2019
HDFC Bank's non-performing loans reached 1.28% of total loans at the end of 2018, up from 1.22% compared to the previous year. Historically, the NPL ratio hit an all time high of 1.98% in 2008 and an all time low of 0.896% in 2015. Provision coverage amount...
By Helgi Library - October 15, 2019
HDFC Bank's non-performing loans reached 1.28% of total loans at the end of 2018, up from 1.22% compared to the previous year. Historically, the NPL ratio hit an all time high of 1.98% in 2008 and an all time low of 0.896% in 2015. Provision coverage amount...
By Helgi Library - October 15, 2019
HDFC Bank's net interest margin amounted to 4.29% in 2018, down from 4.30% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.68% in 2008 and an all time low of 4.15% in 2009. The average margin in ...
By Helgi Library - October 15, 2019
HDFC Bank's net interest margin amounted to 4.29% in 2018, down from 4.30% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.68% in 2008 and an all time low of 4.15% in 2009. The average margin in ...
By Helgi Library - November 3, 2019
HDFC Bank's customer loan growth reached 24.2% in 2018, up from 19.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 56.1% in 2008 and an all time low of 19.6% in 2017. In the last decade, the average annu...
HDFC Bank has been growing its revenues and asset by 20.6% and 21.6% a year on average in the last 10 years. Its loans and deposits have grown by 24.3% and 20.6% a year during that time and loans to deposits ratio reached 95.2% at the end of 2018. The company achieved an average return on equity of 18.6% in the last decade with net profit growing 25.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 40.1% in 2018, compared to 46.7% average in the last decade.
Equity represented 11.9% of total assets or 17.7% of loans at the end of 2018. HDFC Bank's non-performing loans were 1.28% of total loans while provisions covered some 71.4% of NPLs at the end of 2018.
HDFC Bank stock traded at INR 1,167 per share at the end of 2018 resulting in a market capitalization of USD 90,591 mil. Over the previous five years, stock price rose by 213% or 25.6% a year on average. That’s compared to an average ROE of 18.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 28.3x and price to book value (PBV) of 4.10x in 2018.
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