HDFC BANK LTD
HDB · Commercial Banks, NEC · EDGAR filings ↗
Reference price $8.72 — last insider sale, 2026-05-07 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B72Premier Indian private-sector bank with strong growth and ROA, ROE temporarily depressed by the HDFC Ltd merger.
Strengths
- Top-decile revenue growth (93rd pct) and high net margin (80th pct), strong ROA (76th pct)
- Dominant franchise with large, sticky deposit base and scale
Risks
- ROE only 8.8% (36th pct) — diluted by the recent merger's enlarged equity base
- Credit concentration, directed-lending and integration risks flagged in the filing
Notable findings
- Material weakness• Any failure of, or material weakness in, our internal control system could cause significant errors, which may have a material adverse effect on our reputation, business, financial position or re
- Insider sellingInsider selling — 4 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$271,660, last 6mo) Form 4 ↗
Key metrics
Net margin
30.8%
Return on equity
8.8%
Return on assets
1.4%
Revenue growth (QoQ)
15.2%
Net-income growth
5.5%
Debt / equity
0.8×
Free cash flow
$13.2B
Tangible book value
$54.7B
Stock comp / revenue
1.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-07 | Srinivasan N | Sell | 10K | $8.72 |
| 2026-05-06 | RAJPUT RAKESH KUMAR | Option exercise | 13K | $7.08 |
| 2026-04-28 | Parthasarthy Ashish | Sell | 5.6K | $8.70 |
| 2026-04-23 | Bhavnani Anil | Option exercise | 3.0K | $6.80 |
| 2026-04-23 | Bhavnani Anil | Option exercise | 3.0K | $7.85 |
| 2026-04-21 | Parthasarthy Ashish | Sell | 6.0K | $8.94 |
| 2026-04-17 | Bharucha Kaizad | Option exercise | 5.0K | $6.80 |
| 2026-04-16 | Shah Nirav Vimal | Option exercise | 52K | $7.85 |
| 2026-04-07 | Shah Nirav Vimal | Option exercise | 80K | $6.80 |
| 2026-04-03 | Bharucha Kaizad | Option exercise | 10K | $6.80 |
| 2026-04-02 | Shah Nirav Vimal | Option exercise | 50K | $6.80 |
| 2026-03-23 | Bharucha Kaizad | Option exercise | 6.0K | $6.80 |
| 2026-03-23 | Srinivasan N | Sell | 10K | $8.21 |
| 2026-03-19 | Jha Sudhirkumar | Option exercise | 4.0K | $8.28 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-07-14 | 2025-03-31 | 0001193125-25-158722 ↗ |
| 20-F | 2024-07-29 | 2024-03-31 | 0001193125-24-187406 ↗ |
| 20-F | 2023-06-29 | 2023-03-31 | 0001193125-23-177990 ↗ |
| 20-F | 2022-07-29 | 2022-03-31 | 0001193125-22-206623 ↗ |
| 20-F | 2021-07-28 | 2021-03-31 | 0001193125-21-226470 ↗ |
| 20-F | 2020-07-31 | 2020-03-31 | 0001193125-20-205311 ↗ |
| 20-F | 2019-07-31 | 2019-03-31 | 0001193125-19-207751 ↗ |
| 20-F | 2018-07-25 | 2018-03-31 | 0001193125-18-225979 ↗ |
| 20-F | 2017-07-31 | 2017-03-31 | 0001193125-17-242366 ↗ |
| 20-F | 2016-07-29 | 2016-03-31 | 0001193125-16-664577 ↗ |
| 20-F | 2015-07-31 | 2015-03-31 | 0001193125-15-272714 ↗ |
| 20-F | 2014-07-31 | 2014-03-31 | 0001193125-14-288396 ↗ |