15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 23.4% per year over the past 5 years.
Net income has grown slower than revenue (18.0% vs 23.4% per year).
Free cash flow has grown 45.5% per year over the past 5 years.
Financial health
Total debt ($84.0B) exceeds cash ($23.2B); net debt is $60.7B.
Total debt has grown faster than revenue (35.1% vs 23.4% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 23.5% of earnings and 14.0% of free cash flow.
The dividend has grown 16.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$25.6B
$7.9B
0.0%
0.0%
$13.2B
$84.0B
$23.2B
2024
$22.2B
$7.5B
0.0%
0.0%
$11.6B
$95.5B
$24.4B
2023
$13.8B
$6.0B
0.0%
0.0%
$5.3B
$38.3B
$16.6B
2022
$11.8B
$5.1B
0.0%
0.0%
$7.3B
$27.8B
$13.7B
2021
$10.7B
$4.5B
0.0%
0.0%
$12.4B
$19.3B
$12.3B
2020
$8.9B
$3.5B
0.0%
0.0%
$2.0B
$18.6B
$8.4B
2019
$8.6B
$3.2B
0.0%
0.0%
$2.4B
$24.6B
$9.7B
2018
$7.8B
$2.7B
0.0%
0.0%
$1.3B
$26.3B
$8.3B
2017
$6.5B
$2.2B
0.0%
0.0%
—
$16.2B
—
2016
$5.5B
$1.8B
0.0%
0.0%
—
—
—
2015
$4.8B
$1.6B
0.0%
0.0%
—
$10.8B
—
2014
$4.1B
$1.3B
0.0%
0.0%
—
$9.1B
—
2013
$3.8B
$1.1B
0.0%
0.0%
$1.1B
$8.1B
—
2012
$3.4B
$978M
0.0%
0.0%
$581M
$5.7B
—
2011
$3.3B
$925M
0.0%
0.0%
$994M
$3.8B
—
Valuation over time
How the market has priced HDB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 84.7× (Mar '23) to 24.7× (Jun '26).
The price-to-sales ratio has fallen from 37.1× (Mar '23) to 7.6× (Jun '26).
The dividend yield has risen from 0.2% (Mar '23) to 1.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is HDB growing its revenue and profit?
Over the past 5 years, Hdfc Bank Ltd's revenue has grown 23.4% per year, and net income grown 18.0% per year. These are computed facts, not advice.
How much debt does HDB have?
As of FY2025, Hdfc Bank Ltd reported $84.0B of total debt against $23.2B of cash.
What is HDB's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 30.8%.
What is HDB's P/E ratio?
As of Jun '26, Hdfc Bank Ltd traded at a price-to-earnings ratio of about 24.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.