Banks · NSE: HDFCBANK
Intrynsic's multi-model valuation estimates HDFC Bank Limited's fair value at ₹591 per share (range ₹451–₹591) against a market price of ₹693 (close of 23 Oct 2026): the estimate is 15% below the price. Estimate updated 23 October 2026. This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹693
close of 23 Oct 2026
Est. fair value
₹591
₹451–₹591
Estimate vs price
-14.6%
estimate below price
Above fair-value est.
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.
FY26
FY26
FY26
FY26
Over the last 3 years, revenue grew 26.9%/yr and profit grew 19.7%/yr. Over 9 years, revenue grew 18.9%/yr and profit 20.0%/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's multi-model valuation estimates HDFC Bank Limited's fair value at ₹591 per share (range ₹451–₹591), last updated 23 October 2026. This is an estimate based on stated assumptions, not investment advice.
HDFC Bank Limited trades at ₹693 against Intrynsic's estimated fair value of ₹591 - the market price is 15% 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 14.0 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. The models rely on assumptions (discount rates, growth, multiples) that may prove wrong and on past financials, which do not guarantee future results; prices also move on macro factors the models don't capture. 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