TickerKhojComparison · NSE · data 2026-11-02
HDFC Bank Limited vs Kotak Mahindra Bank Limited
In plain words
Size: HDFC Bank Limited is about 2.3 times the market value of Kotak Mahindra Bank Limited.
Valuation (P/E): Kotak Mahindra Bank Limited 21.5 vs HDFC Bank Limited 13.4.
Return on equity: HDFC Bank Limited 13.8% vs Kotak Mahindra Bank Limited 11.4%.
Profit growth over 3 years: HDFC Bank Limited 18.2% a year vs Kotak Mahindra Bank Limited 8.9% a year.
Debt to equity: HDFC Bank Limited 1.07 vs Kotak Mahindra Bank Limited 0.58.
Differences in the numbers, not a recommendation of either stock.
Side by side
| HDFCBANK | KOTAKBANK | |
|---|---|---|
| Price | ₹694.35 | ₹463 |
| Market cap | ₹10,68,054 cr | ₹4,58,597 cr |
| P/E | 13.4 | 21.5 |
| P/B | 1.8 | 2.4 |
| ROE | 13.8% | 11.4% |
| ROCE | 2.8% | 3.6% |
| Debt / equity | 1.07 | 0.58 |
| Operating margin | 34.9% | 34.0% |
| Dividend yield | 1.88% | 0.14% |
| Sales growth, 3 years (yearly) | 34.8% | 16.9% |
| Profit growth, 3 years (yearly) | 18.2% | 8.9% |
| 1-year return | -30.1% | 7.8% |
| Revenue, last 12 months | ₹5,06,316 cr | ₹1,15,454 cr |
| Net profit, last 12 months | ₹80,102 cr | ₹21,473 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹20,700 cr | ₹5,645 cr |
| Quarter profit vs a year earlier | +5.6% | +26.3% |
| Promoter holding | — | 25.87% |
| Health check | Average (4.4/10) | Average (4.6/10) |
Common questions
Which has a higher P/E, HDFC Bank Limited or Kotak Mahindra Bank Limited?
Kotak Mahindra Bank Limited trades at the higher P/E (21.5 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?
HDFC Bank Limited (13.8% against 11.4%).
Which carries more debt?
HDFC Bank Limited has the higher debt-to-equity ratio (1.07 against 0.58).