HDFC Bank Limited vs ICICI Bank Limited
An objective side-by-side of HDFCBANK and ICICIBANK, both in Banks - Private Sector: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: HDFCBANK Jun 2026 · ICICIBANK Jun 2026
At a glance
- HDFC Bank Limited is the larger company by market value, about 1.2 times the size of ICICI Bank Limited.
- On trailing earnings, HDFC Bank Limited trades at the lower P/E (14.3 against 16.9).
- ICICI Bank Limited earns the higher return on equity (15.8% against 13.7%).
- Over three years HDFC Bank Limited has grown profits faster (18% a year against 17%).
- Over the past year the share prices returned -23.5% (HDFCBANK) and -5.2% (ICICIBANK).
| Metric | HDFC Bank HDFCBANK |
ICICI Bank ICICIBANK |
|---|---|---|
| Size and price | ||
| Market cap | ₹1,139,644 Cr | ₹965,401 Cr |
| Share price | ₹739.50 | ₹1,345 |
| Valuation | ||
| P/E | 14.33 | 16.93 |
| P/B | 1.96 | 2.68 |
| PEG | 0.80 | 1.00 |
| Dividend yield | 1.8% | 0.8% |
| Profitability | ||
| ROE | 13.7% | 15.8% |
| Operating margin | 19.7% | 19.9% |
| Sales (TTM) | ₹454,591 Cr | ₹317,232 Cr |
| Net profit (TTM) | ₹79,551 Cr | ₹57,016 Cr |
| Growth | ||
| Latest quarter sales YoY | -30.7% | +6.9% |
| Latest quarter profit YoY | +17.2% | +13.9% |
| Sales CAGR 3Y | +27.0% | +17.0% |
| Profit CAGR 3Y | +18.0% | +17.0% |
| Sales CAGR 5Y | +22.0% | +17.0% |
| Profit CAGR 5Y | +19.0% | +24.0% |
| Financial strength | ||
| Gross NPA (banks) | 1.2% | 1.4% |
| Price performance | ||
| Return 1M | +1.99% | -4.74% |
| Return 3M | -5.96% | -0.55% |
| Return 1Y | -23.53% | -5.24% |
| Return YTD | -25.39% | +0.16% |
| Technical condition | ||
| Technical score | 59 | 27 |
| RS rating (1-99) | 25.00 | 52.00 |
| % vs 200-DMA | -10.68% | -0.83% |
| RSI (14) | 58.79 | 33.04 |
| % from 52-week high | -27.54% | -9.12% |
