NSE ScannerComparison · NSE · data 2026-10-30
HDFC Bank Limited vs ICICI Bank Limited
In plain words
Size: HDFC Bank Limited is about 1.1 times the market value of ICICI Bank Limited.
Valuation (P/E): ICICI Bank Limited 17.2 vs HDFC Bank Limited 13.4.
Return on equity: ICICI Bank Limited 16% vs HDFC Bank Limited 13.8%.
Debt to equity: HDFC Bank Limited 1.07 vs ICICI Bank Limited 0.65.
Differences in the numbers, not a recommendation of either stock.
Side by side
| HDFCBANK | ICICIBANK | |
|---|---|---|
| Price | ₹692.8 | ₹1,398 |
| Market cap | ₹10,56,792 cr | ₹9,95,068 cr |
| P/E | 13.4 | 17.2 |
| P/B | 1.8 | 2.6 |
| ROE | 13.8% | 16.0% |
| ROCE | 2.8% | 3.8% |
| Debt / equity | 1.07 | 0.65 |
| Operating margin | 34.9% | 35.0% |
| Dividend yield | 1.90% | 0.87% |
| Sales growth, 3 years (yearly) | 34.8% | 18.9% |
| Profit growth, 3 years (yearly) | 18.2% | 16.8% |
| 1-year return | -30.7% | 2.6% |
| Revenue, last 12 months | ₹5,06,316 cr | ₹3,29,246 cr |
| Net profit, last 12 months | ₹80,102 cr | ₹59,066 cr |
| Latest quarter | Sept 2026 | Mar 2024 |
| Quarter net profit | ₹20,700 cr | ₹11,672 cr |
| Quarter profit vs a year earlier | +5.6% | — |
| Promoter holding | — | 0.00% |
| Health check | Average (4.4/10) | Average (5.2/10) |
Common questions
Which has a higher P/E, HDFC Bank Limited or ICICI Bank Limited?
ICICI Bank Limited trades at the higher P/E (17.2 against 13.4). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
ICICI Bank Limited (16.0% against 13.8%).
Which carries more debt?
HDFC Bank Limited has the higher debt-to-equity ratio (1.07 against 0.65).