Banks · NSE: HDFCBANK
Intrynsic's multi-model valuation estimates HDFC Bank Limited's fair value at ₹590 per share (range ₹449–₹590) against a market price of ₹743 - a gap of -20.6% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹743
close of 24 Jul 2026
Est. fair value
₹590
₹449–₹590
Gap
-20.6%
price vs estimate
Trading ~21% above our estimated fair-value range. Assumptions and per-model workings are below.
HDFC Bank is India's largest private-sector bank, lending to households and businesses and holding their deposits. After merging with parent HDFC Ltd it also carries a large home-loan book.
Banks · Banks
Over the last 3 years, revenue grew 26.9%/yr and profit grew 19.7%/yr.
Every ₹100 of shareholder money earned ₹13.6 in profit last year, vs a sector median of 12.2%.
Borrowing is core to a lender's business model — judge it on profitability and consistency instead.
The market price is close to our estimated fair value (based on stated assumptions).
Returns on equity varied by about 0.9 percentage points over the last 5 years — steady.
Intrynsic values HDFC Bank Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| P/B + Excess ReturnBank Net Worth Method | ₹590 | -21% | - |
| DDMDividend Discount Method | ₹225 | -70% | - |
| Bank FCFE DCFBank Cash Flow Method | ₹449 | -40% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 26.1% a year for the next decade - versus 26.6% historical revenue growth.
| Revenue | ₹3,48,615 Cr | |
| Net profit | ₹79,219 Cr | |
| EPS | ₹49.39 | |
| Free cash flow | ₹1,07,143 Cr | |
| ROE (latest) | 13.6% | |
| Revenue growth (CAGR) | 18.9% | |
| Profit growth (CAGR) | 20.0% |
Intrynsic's multi-model valuation estimates HDFC Bank Limited's fair value at ₹590 per share (range ₹449–₹590), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
HDFC Bank Limited trades at ₹743 against Intrynsic's estimated fair value of ₹590 - the market price is 21% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
HDFC Bank Limited trades at about 15.0 times its latest annual earnings per share.
HDFC Bank is India's largest private-sector bank, lending to households and businesses and holding their deposits. After merging with parent HDFC Ltd it also carries a large home-loan book.
Intrynsic runs 3 valuation models for HDFC Bank Limited (P/B + Excess Return, DDM, Bank FCFE DCF) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy