NSE ScannerComparison · NSE · data 2026-10-30
HDFC Bank Limited vs State Bank of India
In plain words
Size: HDFC Bank Limited is about 1.2 times the market value of State Bank of India.
Valuation (P/E): HDFC Bank Limited 13.4 vs State Bank of India 10.3.
Return on equity: State Bank of India 15.4% vs HDFC Bank Limited 13.8%.
Profit growth over 3 years: HDFC Bank Limited 18.2% a year vs State Bank of India 14.4% a year.
Debt to equity: State Bank of India 1.34 vs HDFC Bank Limited 1.07.
Differences in the numbers, not a recommendation of either stock.
Side by side
| HDFCBANK | SBIN | |
|---|---|---|
| Price | ₹692.8 | ₹961.85 |
| Market cap | ₹10,56,792 cr | ₹9,04,615 cr |
| P/E | 13.4 | 10.3 |
| P/B | 1.8 | 1.4 |
| ROE | 13.8% | 15.4% |
| ROCE | 2.8% | 2.0% |
| Debt / equity | 1.07 | 1.34 |
| Operating margin | 34.9% | 28.4% |
| Dividend yield | 1.90% | 1.77% |
| Sales growth, 3 years (yearly) | 34.8% | 14.4% |
| Profit growth, 3 years (yearly) | 18.2% | 14.4% |
| 1-year return | -30.7% | 2.4% |
| Revenue, last 12 months | ₹5,06,316 cr | ₹7,22,687 cr |
| Net profit, last 12 months | ₹80,102 cr | ₹86,210 cr |
| Latest quarter | Sept 2026 | Jun 2026 |
| Quarter net profit | ₹20,700 cr | ₹24,113 cr |
| Quarter profit vs a year earlier | +5.6% | +13.7% |
| Promoter holding | — | 55.45% |
| Health check | Average (4.4/10) | Average (5.6/10) |
Common questions
Which has a higher P/E, HDFC Bank Limited or State Bank of India?
HDFC Bank Limited trades at the higher P/E (13.4 against 10.3). 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?
State Bank of India (15.4% against 13.8%).
Which carries more debt?
State Bank of India has the higher debt-to-equity ratio (1.34 against 1.07).