hdfc bank research

• HDFC BANK LTD.
• SECTOR : BANKING AND FINANCE
• INDUSTRY : BANKS

HDFC Bank Ltd.

NSE: HDFCBANK | BSE: 500180

Await Turnaround

1447.50 -35.15 ( -2.37 %)

52W Low on Feb 14, 2024

23.3M NSE+BSE Volume

NSE 09 May, 2024 3:31 PM (IST)

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1 active holds

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1 Broker 1M Reco upgrade

HDFC Bank Ltd. share price target

Hdfc bank ltd. has an average target of 1870.18. the consensus estimate represents an upside of 29.20% from the last price of 1447.50. view 48 reports from 14 analysts offering long-term price targets for hdfc bank ltd...

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• HDFC Bank Ltd

HDFC Bank Ltd Banks | NSE : HDFCBANK

• Target : 1,650.0 (20.97%)
• Target Period : 12-18 Month

21 Jul 2022

Hdfc bank q1fy23 result update.

HDFC Bank is a leading private sector bank with consistent growth and operational performance over various cycles. The bank has maintained superior return ratios compared to its peers resulting in premium valuations.

• Largest private sector bank with loan book of ₹ 13.9 lakh crore
• Consistent performance with +4% NIM and +15% RoE in past many years

Treasury loss impact PAT, slippages elevated; mixed operations.

• Loans were up 21.6% YoY at ₹ 13.9 lakh crore; deposits up 19.2% YoY
• NII up 14.5% YoY, NIM stable QoQ at 4.0%, C/I at 40.6% vs 38.3% QoQ
• Credit cost at 0.91%, PAT up 19% YoY at ₹ 9196 crore
• GNPA up 11 bps QoQ to 1.28%, restructured book at 89 bps

HDFC Bank’s share price has grown over 60% in the past five years. Building of digital & physical capabilities to support continued healthy business growth, though clarity related to merger remain near term overhang.

• We remain positive and retain our BUY rating on the stock

We value HDFC Bank at ~3x FY24E ABV & ₹ 50 for subsidiaries; thus, we maintain our TP at ₹ 1650 per share

• Transmission of rate hike and improving mix towards CRB & retail segment to aid margin trajector
• Building up of physical/digital infra, branch addition to keep opex elevated followed by benefit of higher business traction
• Recent RBI approval is an NOC on merger. Clarity on regulatory forbearance to remain in focus and keep the stock price volatile

Apart from HDFC Bank, we also like Axis Bank.

• Strong liabilities franchise, adequate capitalisation and healthy provision buffer to aid business growth as well as earnings trajectory
• BUY with a target price of ₹ 970

Particulars

Shareholding pattern, price chart, research analyst.

Kajal Gandhi [email protected]

Key financial summary

Financial summary, profit and loss statement ₹ crore, key ratios ₹ crore, balance sheet ₹ crore, cash flow statement ₹ crore, previous reports pdf:.

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Hdfc bank ltd's dividend analysis, exploring the upcoming dividend and historical performance of hdfc bank ltd ( nyse:hdb ).

HDFC Bank Ltd ( NYSE:HDB ) recently announced a dividend of $0.7 per share, with the payment date yet to be announced and the ex-dividend date set for May 8, 2024. As investors anticipate this forthcoming dividend, it is crucial to delve into the bank's dividend history, yield, and growth rates. Utilizing data from GuruFocus, this article examines HDFC Bank Ltd's dividend performance and evaluates its sustainability.

Overview of HDFC Bank Ltd

Warning! GuruFocus has detected 2 Warning Signs with HDB.

High Yield Dividend Stocks in Gurus' Portfolio

This Powerful Chart Made Peter Lynch 29% A Year For 13 Years

How to calculate the intrinsic value of a stock?

HDFC Bank Ltd is a prominent Indian bank trading publicly with significant operations across retail banking, wholesale banking, and treasury services. The bank caters to individual customers through a vast network of branches and ATMs, provides tailored services to large Indian corporations, and offers risk management solutions including foreign exchange trading.

HDFC Bank Ltd's Dividend Track Record

Since 2021, HDFC Bank Ltd has consistently disbursed dividends on an annual basis, showcasing a stable dividend payment history. Below is a visual representation of the bank's Dividends Per Share over the years, highlighting historical trends.

Examining HDFC Bank Ltd's Dividend Yield and Growth

Currently, HDFC Bank Ltd boasts a trailing dividend yield of 1.19% and a forward dividend yield of 2.38%, indicating expected increases in dividend payments over the next year. The bank's dividend yield is near a 10-year peak and surpasses 7.88 of its global peers in the banking sector. This performance positions HDFC Bank Ltd as an attractive option for income-focused investors. Over the past three years, the bank's annual dividend growth rate stood at 27.40%, further underscoring its robust dividend profile.

The Sustainability of HDFC Bank Ltd's Dividends

To determine the sustainability of its dividends, it is essential to consider HDFC Bank Ltd's dividend payout ratio, which currently stands at 0.00. This low ratio indicates that the bank retains most of its earnings, which supports future growth and financial stability. The bank's profitability rank of 7 out of 10, coupled with consistent positive net income over the past decade, reinforces its strong earnings capability.

Future Growth Prospects of HDFC Bank Ltd

HDFC Bank Ltd's growth rank of 7 suggests favorable growth prospects compared to its competitors. The bank's revenue per share and 3-year revenue growth rate of 14.50% annually outperform 75.73% of global competitors, demonstrating a strong revenue model. Additionally, the bank's 3-year EPS growth rate of 23.30% annually and a 5-year EBITDA growth rate of 20.70% further highlight its ability to sustain earnings and dividends over the long term.

Concluding Thoughts on HDFC Bank Ltd's Dividend Sustainability

Considering HDFC Bank Ltd's consistent dividend payments, robust growth metrics, and prudent financial management, the bank's dividend appears sustainable. These factors make HDFC Bank Ltd an appealing choice for investors seeking stable dividend income. For more insights and to discover other high-dividend yield opportunities, GuruFocus Premium users can utilize the High Dividend Yield Screener .

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus .

Developing ash-free high-strength spherical carbon catalyst supports

• Domestic Catalysts
• Published: 28 June 2013
• Volume 5 , pages 156–163, ( 2013 )

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• V. V. Gur’yanov 1 ,
• V. M. Mukhin 1 &
• A. A. Kurilkin 1  

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The possibility of using furfurol for the production of ash-free high-strength active carbons with spheroidal particles as adsorbents and catalyst supports is substantiated. A single-stage process that incorporates the resinification of furfurol, the molding of a spherical product, and its hardening while allowing the process cycle time and the cost of equipment to be reduced is developed. Derivatographic, X-ray diffraction, mercury porometric, and adsorption studies of the carbonization of the molded spherical product are performed to characterize the development of the primary and porous structures of carbon residues. Ash-free active carbons with spheroidal particles, a full volume of sorbing micro- and mesopores (up to 1.50 cm 3 /g), and a uniquely high mechanical strength (its abrasion rate is three orders of magnitude lower than that of industrial active carbons) are obtained via the vapor-gas activation of a carbonized product. The obtained active carbons are superior to all known foreign and domestic analogues and are promising for the production of catalysts that operate under severe regimes, i.e., in moving and fluidized beds.

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OAO Elektrostal’ Research and Production Association Neorganika, Elektrostal’, Moscow oblast, 144001, Russia

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Original Russian Text © V.V. Gur’yanov, V.M. Mukhin, A.A. Kurilkin, 2013, published in Kataliz v Promyshlennosti.

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Gur’yanov, V.V., Mukhin, V.M. & Kurilkin, A.A. Developing ash-free high-strength spherical carbon catalyst supports. Catal. Ind. 5 , 156–163 (2013). https://doi.org/10.1134/S2070050413020062

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Received : 08 December 2011

Published : 28 June 2013

Issue Date : April 2013

DOI : https://doi.org/10.1134/S2070050413020062

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