DATA INTERPRETATION

HDFC Bank Ltd. engages in the provision of banking and financial services, including
commercial banking and treasury operations. The firm also provides financial services to
upper- and middle-income individuals and corporations in India. It operates through the
following segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking
Operations. The Treasury segment consists of bank's investment portfolio, money market
borrowing and lending, investment operations and trading in foreign exchange and
derivative
contracts. The Retail Banking segment provides loans and other services to customers
through a branch network and other delivery channels. The Wholesale Banking segment
provides loans, non-fund facilities and transaction services to large corporates, emerging
corporates, public sector units, government bodies, financial institutions, and medium
scale enterprises. The Other Banking Business segment includes income from para
banking activities such as credit cards, debit cards, third party product distribution,
primary dealership business, and the associated costs. The company was founded by
Aditya Tapishwar Puri in August 1994 and is headquartered in Mumbai, India.

Here is the latest financial fact sheet of HDFC Bank. For more details, see the HDFC Bank
quarterly results and HDFC Bank share price and chart. For a sector overview, read our banking
sector report.

HDFC BANK PRICE HISTORY

Price Rs 1,400.3
Mkt Cap Rs m 7,660,709
Vol '000 231.7
P/E X 25.7
P/CF X 12.7
EPS (TTM) Rs 54.6
% ch % 2.5
No. of shares m 5,470.76
% ch week % -3.4
% ch 1-mth % -9.8
% ch 12-mth % 56.4
52 week H/L Rs 1,650.0/826.0
 Equity Share Data interpretation
Equity shares are the shares that the companies issue to the public for long term
financing. Legally the equity shares are not redeemable in nature and that is why
they are referred to as long term source of finance for a company. The investors of
the equity shares have the right to vote, share the profits and claim the assets of the
company. The value of equity shares is expressed in the various term like par value
or face value, book value, issue price, market price, intrinsic value and so on.

HDFC BANK FINANCIALS

12 12 12 12 12 5-Yr
No. of Mths Chart
Mar- Mar- Mar- Mar- Mar-
Year Ending Click to
16* 17* 18* 19* 20* enlarge

HDFC BANK EQUITY SHARE DATA

R
High 1,128 1,478 2,014 2,327 1,304
s
R
Low 929 1,043 1,425 1,880 739
s
Income per R
249.8 285.9 328.7 193.1 222.8
share (Unadj.) s
Earnings per R
50.6 59.5 71.3 41.0 49.7
share (Unadj.) s
Diluted
R
earnings per 23.4 27.9 33.8 40.8 49.8
s
share
Cash flow per R
135.9 156.5 176.4 98.3 102.8
share (Unadj.) s
Dividends per R
9.50 11.00 13.00 15.00 2.50
share (Unadj.) s
Adj. dividends R
4.39 5.15 6.17 14.93 2.51
per share s
Avg Dividend
% 0.9 0.9 0.8 0.7 0.2
yield
Book value per R
293.9 358.2 422.3 282.1 321.6
share (Unadj.) s
Adj. book value R
135.8 167.8 200.3 280.9 322.4
per share s
Shares
2,528 2,562 2,595 5,446. 5,483
outstanding m
.19 .55 .09 61 .29
(eoy)
 HDFC BANK EQUITY SHARE DATA
Bonus/Rights/C ESO ESO
- - -
onversions P P
Avg Price /
x 4.1 4.4 5.2 10.9 4.6
Income ratio
Avg P/E ratio x 20.3 21.2 24.1 51.3 20.6
Avg P/CF ratio x 16.5 16.8 17.8 37.3 13.5
Avg
Price/Bookvalu x 3.5 3.5 4.1 7.5 3.2
e ratio
Dividend
% 18.8 18.5 18.2 36.6 5.0
payout
R
2,599 3,230 4,462 11,45 5,601
Avg Mkt Cap s
,864 ,094 ,257 7,761 ,181
m
No. of `0
87.6 84.3 88.3 98.1 117.0
employees 00
R
Total wages & 63,06 85,04 91,93 104,5 129,2
s
salary 1 7 9 12 01
m
Avg. R
7,213 8,689 9,664 10,72 10,44
income/employ s
.9 .2 .0 4.0 6.1
ee Th
Avg. R
1,008 1,041 1,065. 1,104
wages/employe s 720.2
.6 .8 8 .6
e Th
R
Avg. net 1,462 1,808 2,097 2,277. 2,330
s
profit/employee .1 .8 .4 4 .0
Th
 Income data interpretation
The analysis of the income statement involves comparing the different line items within a
statement, as well as following trend lines of individual line items over multiple periods. This
analysis is used to understand the cost structure of a business and its ability to earn a profit. A
proper analysis of the income statement requires that the following activities be addressed:

• Ratio analysis. Several ratios can be extracted from an income statement, each of
which reveals different types of information about a business. They are as follows:

o Gross margin. This is revenues minus the cost of goods sold, divided by
revenues. It indicates the amount of money earned from the sale of goods
and services, before selling and administrative charges are considered. In
essence, it reveals the ability of an organization to earn a reasonable return
on its offerings.

o Contribution margin. This is revenues minus all variable expenses, divided

by revenues. This margin is used to construct a break even analysis, which
reveals the revenue level at which a business earns a profit of zero. The
break even calculation is all fixed costs divided by the contribution margin.

o Operating margin. This is the profit earned after all operating expenses have
been subtracted from the gross margin, divided by revenues. It reveals the
amount that a business has earned before financing and other costs are
considered.

o Net profit margin. This is the profit earned after all operating and non-
operating costs have been subtracted from the gross margin, divided by
revenues. This is the ultimate analysis item - can a business earn a profit
when all deductions are considered?

• Horizontal analysis. This is a side-by-side comparison of income statements for

multiple periods. A good comparison is for every month or quarter in a year. Items
to look for in this analysis include the following:

o Seasonality. Sales may vary markedly by period, and do so in a regular cycle

that can be anticipated. This may result in predictable losses in some periods
and outsized profits in others.
 HDFC BANK INCOME DATA
R
631, 732, 852, 1,051, 1,221,
Interest income s
616 714 878 607 893
m
R
112, 128, 160, 189,47 248,79
Other income s
117 776 566 1 0
m
R
340, 380, 423, 537,12 621,37
Interest expense s
696 416 815 7 4
m
R
Net interest 290, 352, 429, 514,48 600,51
s
income 920 298 064 1 9
m
R
Operating 178, 207, 239, 276,94 330,36
s
expense 319 511 272 8 1
m
R
Provisions/contin 29,6 39,9 65,7 142,48
s 83,822
gencies 08 08 18 7
m
R
194, 232, 283, 340,91 375,61
Profit before tax s
715 921 612 8 5
m
R
Extraordinary Inc
s 0 0 0 0 0
(Exp)
m
R
Minority Interest s 197 367 513 1,132 423
m
R
Prior Period
s 37 23 5 0 0
Items
m
R
66,9 80,7 99,0 118,72 103,49
Tax s
37 81 31 6 8
m
R
128, 152, 185, 223,32 272,54
Profit after tax s
013 530 100 4 0
m
Net profit margin % 20.3 20.8 21.7 21.2 22.3
 Balance Sheet data interpretation
A balance sheet lists the value of all of a company's assets, liabilities and shareholders'
(or owners') equity.

The balance sheet is an annual financial snapshot. It is also a condensed version of the
account balances within a company. In essence, the balance sheet tells investors what a
business owns (assets), what it owes (liabilities), and how much investors have invested.

The balance sheet information can be used to calculate financial ratios that give investors
a general outlook for the company. Some companies use a debt-based financial structure,
while others use equity. The ratios generated from analysis should be interpreted within
the context of the business, its industry, and how it compares to its competitors.

HDFC BANK BALANCE SHEET DATA

R
4,872, 5,854, 7,000,3 8,692,2 10,436,
Advances s
904 810 38 27 709
m
R
5,458, 6,431, 7,883,7 9,225,0 11,462,
Deposits s
733 343 51 27 071
m
Credit/De
x 89.3 91.0 88.8 94.2 91.1
posit ratio
Yield on
% 9.8 9.6 9.7 9.6 9.5
advances
Cost of
% 5.3 4.9 4.2 4.4 4.4
deposits
Net
Interest % 4.0 4.2 4.0 4.1 3.9
Margin
R
Net fixed
s 34,797 38,147 38,106 42,198 46,269
assets
m
R
Share
s 5,056 5,125 5,190 5,447 5,483
capital
m
R
Free 568,15 702,03 832,48 1,531,2 1,758,1
s
reserves 2 3 6 80 04
m
R
743,04 917,94 1,095,9 1,536,7 1,763,5
Net worth s
1 0 91 27 87
m
 HDFC BANK BALANCE SHEET DATA
R
Borrowin 1,037, 984,15 1,564,4 1,577,3 1,868,3
s
gs 140 6 21 28 43
m
R
Investme 1,936, 2,107, 2,384,6 2,894,4 3,893,0
s
nts 339 771 09 59 50
m
R
Total 7,622, 8,923, 11,031, 12,928, 15,808,
s
assets 123 442 862 057 304
m
Debt/equi
x 8.7 8.1 8.6 7.0 7.6
ty ratio
Return on
% 1.7 1.7 1.7 1.7 1.7
assets
Return on
% 17.2 16.6 16.9 14.5 15.5
equity
Capital
adequacy % 15.5 14.6 14.8 17.1 18.5
ratio
Net NPAs % 0.3 0.3 0.4 0.4 0.4
 CASH FLOW DATA INTERPERTATION
The cash flow statement enables you to track cash as it flows in and out of
your business and reveals to you the causes of cash flow shortfalls and
surpluses. The operating activities are the daily occurrences that are essential
to any business operation. If these are positive, then it indicates to the owner
that the business is self-sufficient in funding its daily operational cash flows
internally. If the number is negative, then it indicates that outside funds were
needed to sustain the operation of the business.
HDFC BANK CASH FLOW
From R - - -
172,81 172,14
Operation s 344,35 628,71 168,69
6 4
s m 4 5 1
From R
- - -
Investmen s -8,656 -8,522
11,477 15,984 16,169
ts m
From R
378,15 - 573,77 231,30 243,94
Financial s
1 58,930 7 7 5
Activity m
R -
Net 102,40 737,39
s 25,142 412,43 61,225
Cashflow 9 9
m 9

SHARE HOLDING

Indian Promoters 22.6%

Foreign collaborators 0.0%
Indian inst/Mut Fund 9.9%
FIIs 34.1%
ADR/GDR 17.0%
Free float 16.4%
Shareholders 415,166
Pledged promoter(s) holding 0.0%
COMPANY INFORMATION

REGD OFF HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai-13
E-MAIL shareholder.grievances@hdfcbank.com WEB www.hdfcbank.com
TELEPHONE (022) 6652 1000 FAX (022) 2496 0737
SECTOR BANKING GROUP MISCELLANEOUS
TR AGENT Datamatics Financial, B 5, Part B Cross Lane, MIDC, Mumbai-93
AUDITOR BSR & Co.

HDFC BANK Share Price Performance

Over the last one year, HDFC BANK share price has moved up from Rs 895.5 to Rs
1,400.3, registering a Gain of Rs 504.9 or around 56.4%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 36,088.5 (up 3.2%). Over the last one
year it has moved up from 22,413.8 to 36,088.5, a gain of 13,675 points (up 61.0%).
Overall, the S&P BSE SENSEX is up 58.2% over the year.
 Profit and loss data interpretation
The profit and loss (P&L) statement is a financial statement that summarizes the
revenues, costs, and expenses incurred during a specified period, usually a fiscal
quarter or year. The P&L statement is synonymous with the income statement.

These records provide information about a company's ability or inability to

generate profit by increasing revenue, reducing costs, or both. Some refer to the
P&L statement as a statement of profit and loss, income statement, statement of
operations, statement of financial results or income, earnings statement, or
expense statement.

For non-profit organizations, revenues and expenses are generally tracked in a

financial report called the statement of activities (sometimes called statement of
financial activities or statement of support).

P&L management refers to how a company handles its P&L statement through
revenue and cost management.

Profit & Loss - HDFC Bank Ltd.Rs (in Crores)

Mar'20 Mar'19 Mar'18 Mar'17 Mar'16

12Months 12Months 12Months 12Months 12Months

INCOME:

Sales Turnover 114812.65 98972.05 80241.35 69305.96 60221.45

Excise Duty .00 .00 .00 .00 .00

NET SALES 114812.65 98972.05 80241.35 69305.96 60221.45

Other Income 23260.8187 17625.8849 15220.3042 12296.4990 10751.7233

TOTAL INCOME 138073.47 116597.94 95461.66 81602.46 70973.17

EXPENDITURE:

Manufacturing Expenses .00 .00 .00 .00 .00

Material Consumed .00 .00 .00 .00 .00

Personal Expenses 9525.67 7761.76 6805.74 6483.66 5702.20

Selling Expenses 97.91 157.37 165.22 147.52 248.39

Administrative Expenses 32020.49 24610.22 15202.25 12302.51 13048.88

 Expenses Capitalised .00 .00 .00 .00 .00

Provisions Made 12142.39 7550.08 5927.49 3593.31 2725.61

TOTAL EXPENDITURE 53786.45 40079.43 28100.71 22527.00 21725.09

Operating Profit 14542.19 15713.87 17921.65 14205.54 8592.04

EBITDA 108571.79 91618.67 73677.62 62732.24 54699.31

Depreciation 1195.85 1140.10 906.34 833.12 705.84

Other Write-offs .00 .00 .00 .00 .00

EBIT 107375.94 90478.57 72771.28 61899.11 53993.47

Interest 58626.40 50728.83 40146.49 36166.73 32629.93

EBT 36607.15 32199.66 26697.30 22139.07 18637.92

Taxes 10349.84 11121.49 9210.57 7589.43 6341.71

Profit and Loss for the Year 26257.31 21078.17 17486.73 14549.64 12296.21

Non Recurring Items .00 .00 .00 .00 .00

Other Non Cash Adjustments .00 .00 .00 .00 .00

Other Adjustments .00 .00 .00 .00 .00

REPORTED PAT 26257.31 21078.17 17486.73 14549.64 12296.21

KEY ITEMS

Preference Dividend .00 .00 .00 .00 .00

Equity Dividend 6540.31 4052.59 .00 .00 1912.83

Equity Dividend (%) 1192.77 744.06 .00 .00 378.30

Shares in Issue (Lakhs) 54832.86 27233.07 25950.90 25625.46 25281.87

EPS - Annualised (Rs) 47.89 77.40 67.38 56.78 48.64

Rs (in Crores)

IFSC Code Important Links

• HDFC Bank IFSC Code
• HDFC Bank Chennai Nelson Manickam Road IFSC Code
• HDFC Bank Agara lake IFSC Code Bangalore
• HDFC Bank Suco Souharda Sahakari Bank IFSC Code Karnataka
• HDFC Bank Bank House Banjara Hills IFSC Code Hyderabad
• HDFC Bank Integral Urban co-op bank IFSC Code Jaipur
• HDFC Bank Gurgaon DLF Cyber City IFSC Code
• HDFC Bank Kottakkal Branch IFSC Code Malappuram
• HDFC Bank KG Marg IFSC Code New Delhi
• HDFC Bank Amar colony New Delhi IFSC Code