HDFC Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

HDFC Bank Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results: HDFC Bank Ltd is the largest private sector bank in India when it comes to assets; it is also the fourth largest in the world going by market capitalization serving the banking and financial needs throughout the entire nation. Established in 1994, HDFC bank offers retail/wholesale banking services alongside loan provision, credit cards issuance, insurance coverage among other financial products such as asset management.HDFC bank Share price target

Latest Update- HDFC Sources for bank had made its overall profit of ₹16,175 crore for the first quarter of FY25, showing a reduction of 2% compared to ₹16,511.9 crore earned in previous quarter.

HDFC Bank Overview

Among the early beneficiaries of the ‘in principle’ approval by the Reserve Bank of India to open a commercial bank was the Housing Development Finance Corporation Limited (HDFC) which became a publicly traded banking institution based in Mumbai, India after being established under this name on August 1994.

Their range of services include retail banking, wholesale banking and treasury operations. It is supported by three promoters -Private Sector Bank, HDFC (27.53%), HDFC Ltd. (19.32%) and Standard Life Ltd. (31.85%) – as a cross-promotion Bank. Now, HDFC Bank has become the largest private sector bank in India.

Company NameHDFC Bank Ltd
Listed atNSE & BSE
Head OfficeHDFC Bank House, Senapati Bapat Marg,, Lower Parel, Mumbai Maharashtra 400013
Board Of Directors
  • Mr.Kaizad Bharucha Deputy Managing Director
  • Mr.Bhavesh Zaveri Executive Director
  • Mr.M D Ranganath Independent Director
  • Ms.Sunita Maheshwari Independent Director
  • Mr.Umesh Chandra Sarangi Independent Director
  • Mrs.Lily Vadera Independent Director
  • Mr.Sanjiv Sachar Independent Director
  • Mr.Sandeep Parekh Independent Director
  • Mr.Sashidhar Jagdishan Managing Director & CEO
  • Mrs.Renu Karnad Non Exe.Non Ind.Director
  • Mr.Keki Mistry Non Exe.Non Ind.Director
  • Mr.Atanu Chakraborty Part Time Chairman & Independent Director
Official Website hdfcbank.com

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HDFC Business Profile

Their range of services include retail banking, wholesale banking and treasury operations. It is supported by three promoters -Private Sector Bank, HDFC (27.53%), HDFC Ltd. (19.32%) and Standard Life Ltd. (31.85%) – as a cross-promotion Bank. Now, HDFC Bank has become the largest private sector bank in India.

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As at the end of FY22, the Bank had spread its tentacles to as many as 21,683 points in India through ATM/Cash Deposit and Withdraw Machines (18,130), Branches (6342) and Business Correspondents (15,431).

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Payments business

HDFC is one of the major players in the payment system in the country itself. In actual fact, every third rupee spent on cards in India happens through an instrument issued by HDFC Bank. It is notable that they have issued almost 3.21 Crore debit cards together with 1.45 Crore credit cards. They have over 1.7 million merchant acceptance points in India as it stands now. They are dominant in the market with about 50% of electronic card volumes.

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Leadership

HDFC Bank stands as the second largest collector of direct taxes. With a 60% market share, it is also number 1 in middle-market banking. Semi-urban and rural India have some of the biggest banking networks. HDFC Bank is still a frontrunner in the car loans sector as it has a well-established passenger, vehicle commercial and two-wheeler financing units. It is a trend setter in all asset classes due to the best portfolio quality in the market today. It is the leading provider of cash management services.

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Amalgamation

The Housing Development Finance Corporation Limited has proposed an amalgamation scheme whereby HDFC Investments Limited and HDFC Holdings Limited, its wholly owned subsidiaries, shall amalgamate together as well as with HDFC Bank Limited. Approvals have been made by RBI as well as CCI and it is expected that this amalgamation will be finalized by the third quarter of FY24.

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HDFC Bank Fundamentals & Quarterly Results

Market Cap₹ 12,45,450 Cr.
Current Price₹ 1,637
High / Low₹ 1,794 / 1,363
Stock P/E18.2
Book Value₹ 601
Dividend Yield1.19 %
ROCE7.67 %
ROE17.1 %
Face Value₹ 1.00
Debt to Equity6.81
Debt Capacity-1.48
Debt Preceding Year₹ 21,39,212 Cr.
Debt₹ 31,07,503 Cr.
Reserves₹ 4,55,636 Cr.
EPS₹ 89.8
EPS Last Year₹ 84.3
Pledged Percentage0.00 %
FCF Prev Ann₹ 17,390 Cr.
EVEBITDA16.1
Industry PE12.1
PEG Ratio0.78
Piotroski Score5.00
Earnings Yield6.23 %
Sales Growth 5 Years22.0 %

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HDFC Bank Quarterly Results

PeriodJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Revenue37,27440,93045,00247,54851,16875,03978,00879,43481,546
Interest16,35818,31120,50522,60625,95541,25043,24243,69244,580
Expenses +15,02115,91516,68217,77018,47045,34950,53062,93849,690
Financing Profit5,8956,7047,8157,1726,744-11,560-15,764-27,196-12,723
Financing Margin %16%16%17%15%13%-15%-20%-34%-16%
Other Income +6,9298,2529,1219,6109,85332,52837,00744,95835,450
Depreciation000000000
Profit before tax12,82314,95616,93616,78316,59720,96721,24317,76122,727
Tax %25%25%25%25%25%17%17%-1%24%
Net Profit +9,61711,16312,73512,63412,40317,31217,71818,01317,188
EPS in Rs17.2519.9722.7722.5722.1222.1722.7323.2021.65

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CAGR Report

Metric10 Years5 Years3 YearsTTM/1 Year
Compounded Sales Growth21%22%30%70%
Compounded Profit Growth22%23%26%40%
Stock Price CAGR14%7%4%-4%
Return on Equity17%17%17%17%

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HDFC Bank Shareholding Pattern

PeriodMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters26.50%26.14%25.97%25.78%25.59%0.00%0.00%
FIIs38.71%36.68%39.79%35.62%32.24%47.83%47.17%
DIIs16.41%21.74%20.99%24.55%28.09%33.33%35.20%
Government0.20%0.23%0.24%0.16%0.16%0.18%0.18%
Public18.19%15.21%13.01%13.89%13.91%18.64%17.44%
No. of Shareholders5,89,93012,86,08313,75,29421,51,63022,90,09241,21,81536,64,325

HDFC Bank Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹1849₹2030₹2138
2025₹2181₹2050₹2447
2026₹2496₹2346₹2802
2027₹2858₹2685₹3205
2028₹3269₹3073₹3669
2029₹3742₹3517₹4198
2030₹4282₹4025₹4804

HDFC BANK Share Price Target 2025

MonthTarget
January₹2181
February₹2225
March₹2270
April₹2194
May₹2121
June₹2050
July₹2132
August₹2217
September₹2306
October₹2352
November₹2399
December₹2447

HDFC BANK Share Price Target 2026

MonthTarget
January₹2496
February₹2546
March₹2597
April₹2511
May₹2427
June₹2346
July₹2440
August₹2538
September₹2640
October₹2693
November₹2747
December₹2802

HDFC BANK Share Price Target 2027

MonthTarget
January₹2858
February₹2915
March₹2973
April₹2874
May₹2778
June₹2685
July₹2792
August₹2904
September₹3020
October₹3080
November₹3142
December₹3205

HDFC BANK Share Price Target 2028

MonthTarget
January₹3269
February₹3334
March₹3401
April₹3288
May₹3179
June₹3073
July₹3196
August₹3324
September₹3457
October₹3526
November₹3597
December₹3669

HDFC BANK Share Price Target 2029

MonthTarget
January₹3742
February₹3817
March₹3893
April₹3763
May₹3638
June₹3517
July₹3658
August₹3804
September₹3956
October₹4035
November₹4116
December₹4198

HDFC BANK Share Price Target 2030

MonthTarget
January₹4282
February₹4368
March₹4455
April₹4307
May₹4164
June₹4025
July₹4186
August₹4353
September₹4527
October₹4618
November₹4710
December₹4804

Official Website – hdfcbank.com

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