HDFC Bank Ltd. is the largest private sector bank in India when it comes to assets; it is also the fourth largest bank in the world by market capitalization serving banking and financial needs across the country. Established in 1994, HDFC Bank offers retail/wholesale banking services along with other financial products such as loan provision, credit card issuance, insurance coverage as well as asset management. Housing Development Finance Corporation Ltd. was among the early beneficiaries of the ‘in-principle’ approval by the Reserve Bank of India to open a commercial bank.
HDFC Bank Share Price Target 2024-2030
HDFC Bank Ltd. is India’s fourth-largest private sector bank by market capitalization and the country’s largest provider of banking and financial services. It is India’s largest private sector bank by assets. HDFC Bank was founded in 1994 and offers services including retail and wholesale banking, loans, credit cards, insurance, and asset management. This private sector bank headquartered in Mumbai has increased its total number of branches across India to 8,300, with over 177,000 employees. Over the past six months, HDFCBANK (NSE) has been going through uncertain times in trading.
HDFC Bank Share Price Target Today Update
Investors looking for information about the company’s future performance have chosen HDFC Bank Ltd., an Indian multinational banking and financial services company. As one of India’s driving confidential area banks, HDFC Bank share cost targets are appealing. The HDFC Bank share price targets for 2024 and 2050 are the subject of this article. Our goal is to estimate HDFC Bank’s growth and investment potential by analyzing its fundamentals, historical patterns, and expert opinions. HDFC Bank shares are down 14.74% throughout the course of recent months, with a 52-week high and low of Rs 1757.50 and Rs 1425.00 separately.
HDFC Recent News Headlines
- HDFC Bank has swore Rs 99 lakh towards the UN Manageable Improvement Objectives in Goa by supporting new businesses.
- HDFC Bank shares fell 12% to Rs 1476.65 in Saturday’s trade.
- HDFC Bank spoke about its plans to open 1,000 more branches in 2024 and take its total branch count to 13,000 by 2027.
- After the third quarter results. HDFC Bank ADRs fell more than 9%, a total decline of 15% in two days.
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What is HDFC Bank Ltd.?
Since its origin in 1994, Mumbai-based HDFC Bank Ltd., recorded on the NSE as HDFCBANK, has developed essentially. At first an auxiliary of Lodging Improvement Money Organization (HDFC), the bank has turned into the biggest confidential area bank in India by resources and market capitalization. With the reverse merger with HDFC Limited in 2023, it increased its market power. HDFC Bank has around 6,000 branches and 28,000 ATMs in India, guaranteeing its homegrown presence. The bank has likewise extended to 19 nations, including monetary capitals like the UK, US, Singapore and Dubai.
HDFC Business Profile
It is supported by three promoters – private sector banks, 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. By the end of FY22, the bank had expanded to 21,683 locations in India through ATMs/cash deposit and withdrawal machines (18,130), branches (6342) and business correspondents (15,431).
Payments Business
HDFC is one of the major players in the payments system in the country. In fact, every third rupee spent on cards in India is through an instrument issued by HDFC Bank. Notably, they have issued around 3.21 crore debit cards and 1.45 crore credit cards. They currently have over 1.7 million merchant acceptance points in India. They are the market leader with around 50% of electronic card volumes.
Leadership
HDFC Bank has some of the largest banking networks in semi-urban and rural India. HDFC Bank is still the leader in the car loan space as it has well-established passenger, vehicle commercial and two-wheeler financing units. It is a trend setter across all asset classes due to the best portfolio quality in the market today.
Amalgamation
Housing Development Finance Corporation Limited has proposed an amalgamation scheme under which HDFC Investments Limited and HDFC Holdings Limited, its wholly-owned subsidiaries, will merge together with HDFC Bank Limited. RBI and CCI have approved and the amalgamation is expected to be finalised by Q3 FY24.
HDFC Bank Fundamentals and Quarterly Results
| Market Cap | ₹ 12,45,450 Cr. |
| Current Price | ₹ 1,637 |
| High / Low | ₹ 1,794 / 1,363 |
| Stock P/E | 18.2 |
| Book Value | ₹ 601 |
| Dividend Yield | 1.19 % |
| ROCE | 7.67 % |
| ROE | 17.1 % |
| Face Value | ₹ 1.00 |
| Debt to Equity | 6.81 |
| 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 Percentage | 0.00 % |
| FCF Prev Ann | ₹ 17,390 Cr. |
| EVEBITDA | 16.1 |
| Industry PE | 12.1 |
| PEG Ratio | 0.78 |
| Piotroski Score | 5.00 |
| Earnings Yield | 6.23 % |
| Sales Growth 5 Years | 22.0 % |
HDFC Bank Quarterly Results
| Period | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| Revenue | 37,274 | 40,930 | 45,002 | 47,548 | 51,168 | 75,039 | 78,008 | 79,434 | 81,546 |
| Interest | 16,358 | 18,311 | 20,505 | 22,606 | 25,955 | 41,250 | 43,242 | 43,692 | 44,580 |
| Expenses + | 15,021 | 15,915 | 16,682 | 17,770 | 18,470 | 45,349 | 50,530 | 62,938 | 49,690 |
| Financing Profit | 5,895 | 6,704 | 7,815 | 7,172 | 6,744 | -11,560 | -15,764 | -27,196 | -12,723 |
| Financing Margin % | 16% | 16% | 17% | 15% | 13% | -15% | -20% | -34% | -16% |
| Other Income + | 6,929 | 8,252 | 9,121 | 9,610 | 9,853 | 32,528 | 37,007 | 44,958 | 35,450 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 12,823 | 14,956 | 16,936 | 16,783 | 16,597 | 20,967 | 21,243 | 17,761 | 22,727 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 17% | 17% | -1% | 24% |
| Net Profit + | 9,617 | 11,163 | 12,735 | 12,634 | 12,403 | 17,312 | 17,718 | 18,013 | 17,188 |
| EPS in Rs | 17.25 | 19.97 | 22.77 | 22.57 | 22.12 | 22.17 | 22.73 | 23.20 | 21.65 |
CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM/1 Year |
| Compounded Sales Growth | 21% | 22% | 30% | 70% |
| Compounded Profit Growth | 22% | 23% | 26% | 40% |
| Stock Price CAGR | 14% | 7% | 4% | -4% |
| Return on Equity | 17% | 17% | 17% | 17% |
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HDFC Bank Shareholding Pattern
| Period | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| Promoters | 26.50% | 26.14% | 25.97% | 25.78% | 25.59% | 0.00% | 0.00% |
| FIIs | 38.71% | 36.68% | 39.79% | 35.62% | 32.24% | 47.83% | 47.17% |
| DIIs | 16.41% | 21.74% | 20.99% | 24.55% | 28.09% | 33.33% | 35.20% |
| Government | 0.20% | 0.23% | 0.24% | 0.16% | 0.16% | 0.18% | 0.18% |
| Public | 18.19% | 15.21% | 13.01% | 13.89% | 13.91% | 18.64% | 17.44% |
| No. of Shareholders | 5,89,930 | 12,86,083 | 13,75,294 | 21,51,630 | 22,90,092 | 41,21,815 | 36,64,325 |
HDFC Bank Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| January | ₹3269 |
| February | ₹3334 |
| March | ₹3401 |
| April | ₹3288 |
| May | ₹3179 |
| June | ₹3073 |
| July | ₹3196 |
| August | ₹3324 |
| September | ₹3457 |
| October | ₹3526 |
| November | ₹3597 |
| December | ₹3669 |
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HDFC BANK Share Price Target 2029
| Month | Target |
| 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
| Month | Target |
| January | ₹4282 |
| February | ₹4368 |
| March | ₹4455 |
| April | ₹4307 |
| May | ₹4164 |
| June | ₹4025 |
| July | ₹4186 |
| August | ₹4353 |
| September | ₹4527 |
| October | ₹4618 |
| November | ₹4710 |
| December | ₹4804 |
Some Points Before Investing in HDFC Bank NSE
- The credit risk for HDFC Bank can prove to be risky for its stock on the National Stock Exchange, as there is always a possibility of borrowers not paying the dues on time.
- The problem of sanctions and penalties with HDFC Bank cannot be ignored as an investor. In 2020, RBI imposed a fine of Rs 10 crore on HDFC Bank for car loan issues.
- The merger with HDFC Ltd in 2023 brought challenges for the bank to become a large financial corporation.
- The product portfolio of HDFC Bank caters to all kinds of requirements of its consumers.
Final Words
HDFC share price has been performing well on the National Stock Exchange in its last five years of trading but has been struggling since the 2023 year trading period. Its stock has declined and this has forced many investors to reconsider their strategy. However, with the commitment to open 1000 new branches in 2024, investors of HDFC Bank stock can take some confidence for the future.
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