HDFC Bank Limited (HDB) Key Metrics
HDB key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · Indian rupeesHDB returns How much profit the business earns on the capital it uses.
HDB financial health Debt, liquidity and how easily interest is covered.
HDB efficiency & capital use Working capital cycle and where the cash goes.
HDB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HDB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HDB cash returned to shareholders
HDB key metrics in Indian rupees
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.9% | 9.2% | 12.6% | 18.3% | 16.6% | 16.1% | 14.8% | 15.7% | 16.2% | 14.8% |
| Return on invested capital (ROIC) | 11.6% | 12.4% | 27.9% | — | — | — | — | — | — | — |
| Return on assets (ROA) | 1.7% | 1.5% | 1.8% | 2.1% | 2.0% | 1.9% | 1.8% | 1.8% | 1.7% | 1.7% |
| Return on tangible assets | 1.8% | 1.5% | 1.5% | 1.9% | 1.8% | 1.8% | 1.6% | 1.7% | 1.6% | 1.6% |
| Free cash flow margin | 33.0% | 26.9% | 27.5% | 21.9% | 34.6% | 26.7% | −13.1% | 13.9% | 8.6% | 43.9% |
| Income quality (OCF / net income) | 2.20 | 1.78 | 1.64 | 0.96 | 1.51 | 1.30 | −0.65 | 0.83 | 0.53 | 2.70 |
| Financial health | ||||||||||
| Total debt | ₹5.77T | ₹7.46T | ₹8.15T | ₹3.66T | ₹2.34T | ₹1.84T | ₹1.47T | ₹1.70T | ₹1.71T | ₹1.05T |
| Cash & short-term investments | ₹3.06T | ₹9.20T | ₹9.93T | ₹7.24T | ₹4.34T | ₹5.32T | ₹4.13T | ₹3.49T | ₹2.94T | ₹2.68T |
| Net debt | ₹2.71T | −₹1.74T | −₹1.78T | −₹3.59T | −₹2.00T | −₹3.48T | −₹2.66T | −₹1.79T | −₹1.23T | −₹1.62T |
| Debt / equity | 1.00 | 0.97 | 1.17 | 1.25 | 0.93 | 0.85 | 0.78 | 1.04 | 1.46 | 1.03 |
| Debt / assets | 0.12 | 0.15 | 0.18 | 0.14 | 0.11 | 0.10 | 0.09 | 0.13 | 0.15 | 0.12 |
| Net debt / EBITDA | 2.43 | −1.88 | −2.35 | −5.23 | −3.73 | −7.66 | −7.03 | −5.08 | −4.28 | −7.10 |
| Current ratio | — | 0.34 | 0.41 | 4.96 | 0.28 | 0.39 | 7.13 | 4.10 | 2.96 | 4.79 |
| Quick ratio | — | 0.34 | 0.41 | 4.96 | 0.28 | 0.39 | 7.13 | 4.10 | 2.96 | 4.79 |
| Interest coverage | 0.6 | 0.5 | 0.5 | 0.9 | 0.9 | 0.7 | 0.6 | 0.6 | 0.7 | 0.6 |
| Working capital | — | −₹19.35T | −₹15.21T | ₹6.05T | −₹11.99T | −₹8.69T | ₹3.90T | ₹2.76T | ₹2.03T | ₹2.20T |
| Invested capital | ₹8.46T | ₹5.94T | ₹5.17T | −₹669.54B | ₹503.75B | −₹1.32T | −₹770.40B | −₹157.58B | −₹54.20B | −₹598.86B |
| Tangible asset value | ₹2.98T | ₹5.62T | ₹4.86T | ₹2.84T | ₹2.43T | ₹2.09T | ₹1.82T | ₹1.56T | ₹1.10T | ₹952.96B |
| Net current asset value | −₹39.09T | −₹29.69T | −₹25.69T | −₹15.26T | −₹14.02T | −₹10.29T | −₹9.53T | −₹7.99T | −₹7.13T | −₹5.26T |
| Capital allocation | ||||||||||
| Dividends paid | ₹217.87B | ₹158.06B | ₹86.62B | ₹86.39B | ₹36.24B | ₹166.6M | ₹66.31B | ₹41.02B | ₹34.49B | ₹29.28B |
| Share buybacks (net) | — | ₹0 | ₹2.30B | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Dividend payout ratio | 27.2% | 23.5% | 13.9% | 17.4% | 9.4% | 0.1% | 25.5% | 18.6% | 19.3% | 20.8% |
| Dividends + buybacks / free cash flow | 12.6% | 14.0% | 9.2% | 19.9% | 6.5% | 0.0% | — | 24.6% | 40.5% | 8.0% |
| Capex / revenue | 0.8% | 1.6% | 1.5% | 2.2% | 1.6% | 1.1% | 1.2% | 1.4% | 0.9% | 1.5% |
| Capex / operating cash flow | 2.3% | 5.6% | 5.3% | 9.1% | 4.5% | 4.0% | — | 8.9% | 9.7% | 3.3% |
| Capex / depreciation | 0.99 | 1.05 | 1.03 | 1.86 | 1.57 | 1.22 | 1.28 | 1.34 | 0.95 | 1.42 |
| Stock-based compensation / revenue | 0.4% | 0.6% | 0.6% | 0.7% | 0.9% | 0.7% | 0.5% | 0.4% | 0.7% | 1.0% |
| SG&A / revenue | 7.6% | 26.8% | 27.4% | 20.3% | 20.1% | 19.2% | 18.8% | 17.9% | 19.6% | 20.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.5 | 36.3 | 36.8 | 47.8 | 40.9 | 68.7 | 74.0 | 43.3 | 41.2 | 43.0 |
| Days of inventory on hand | — | — | — | 0.2 | 0.3 | 0.1 | — | — | — | — |
| Days payables outstanding | 100.6 | 100.9 | 106.1 | 144.3 | 117.1 | 117.6 | 123.3 | 148.1 | 195.3 | 181.8 |
| Cash conversion cycle (days) | -73.1 | -64.6 | -69.3 | -96.3 | -76.0 | -48.7 | -49.3 | -104.8 | -154.0 | -138.8 |
| Receivables turnover | 13.28 | 10.06 | 9.92 | 7.63 | 8.93 | 5.31 | 4.93 | 8.43 | 8.85 | 8.49 |
| Payables turnover | 3.63 | 3.62 | 3.44 | 2.53 | 3.12 | 3.10 | 2.96 | 2.46 | 1.87 | 2.01 |
| Inventory turnover | — | — | — | 1,740.05 | 1,388.19 | 2,912.90 | — | — | — | — |
| Asset turnover | 0.11 | 0.09 | 0.10 | 0.08 | 0.08 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 |
| Average receivables | ₹392.45B | ₹416.89B | ₹354.94B | ₹259.64B | ₹179.49B | ₹287.98B | ₹285.85B | ₹142.64B | ₹111.59B | ₹98.46B |
| Average payables | ₹615.11B | ₹554.16B | ₹484.39B | ₹336.01B | ₹228.26B | ₹240.55B | ₹248.65B | ₹246.12B | ₹256.64B | ₹205.09B |
| Average inventory | — | — | — | ₹488.4M | ₹512.4M | ₹256.3M | ₹0 | ₹0 | ₹0 | ₹0 |
| Intangibles / total assets | 6.2% | 6.2% | 6.9% | 0.3% | 0.4% | 0.4% | 0.5% | 0.6% | 0.7% | 0.8% |
Computed from HDB's annual financial statements (latest annual report filed July 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Indian rupees; data from EODHD. Averages use the opening and closing balance of each year.
HDB valuation and financial ratios
HDFC Bank earned a return on equity of 11.9% and a return on invested capital of 11.6% in fiscal 2026. It ended the year with ₹5.77 trillion of debt and ₹3.06 trillion in cash and short-term investments, net debt of ₹2.71 trillion. It returned ₹217.9 billion to shareholders: ₹217.9 billion in dividends and ₹0 in share buybacks, 13% of free cash flow.
See the HDB income statement, the HDB chart for price history, or the HDB stock overview for the latest quote and news.
HDB key metrics FAQ
What is HDFC Bank's return on equity?
HDFC Bank's return on equity (ROE) was 11.9% in fiscal 2026: net income of ₹800.0 billion on average shareholders' equity of ₹6.71 trillion.
What is HDFC Bank's ROIC?
HDFC Bank's return on invested capital was 11.6% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does HDFC Bank have?
HDFC Bank had total debt of ₹5.77 trillion at the end of fiscal 2026, a debt-to-equity ratio of 1.00 and ₹2.71 trillion of net debt (2.43 times EBITDA).