HDFC Bank Share Price Target 2024-2030 Today Update, Business Profile, 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 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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