BEL vs HDFCBANK: Stock Comparison

Bharat Electronics Ltd vs HDFC Bank LtdUpdated 13 August 2026, 4:08 PM ISTNSE & company filings

HDFC Bank Ltd is the larger company by market capitalisation. Bharat Electronics Ltd shows a higher ROE, faster revenue growth and a higher ROCE, while HDFC Bank Ltd shows a lower P/E, a higher dividend yield and a higher net margin. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

BEL leads 4; HDFCBANK leads 8 of 12

Not a rating
These companies operate in different sectors (Capital Goods vs Financial Services). Valuation and leverage norms differ across sectors, so cross-sector ratio comparisons can mislead — compare each against its own sector peers too.

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

BELHDFCBANK

Valuation lens

What price are you paying?

Market CapContext only
BEL
₹2.99 L Cr
HDFCBANK
₹11.19 L Cr
P/E RatioHDFCBANK has the lower reading
BEL
48.04x
HDFCBANK
14.2x
P/B RatioHDFCBANK has the lower reading
BEL
12.31x
HDFCBANK
1.93x
EPSHDFCBANK has the higher reading
BEL
₹8.4
HDFCBANK
₹45.78
Book ValueContext only
BEL
₹32.82
HDFCBANK
₹393.81
Dividend YieldHDFCBANK has the higher reading
BEL
0.62%
HDFCBANK
1.78%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
HDFCBANK is the larger company
₹11.19 L Cr vs ₹2.99 L Cr
P/E Ratio
HDFCBANK has a lower P/E
14.2x vs 48.04x
P/B Ratio
HDFCBANK has a lower P/B
1.93x vs 12.31x
EPS
HDFCBANK has higher earnings per share
₹45.78 vs ₹8.4
Dividend Yield
HDFCBANK has a higher dividend yield
1.78% vs 0.62%
Revenue Growth (TTM YoY)
BEL has faster revenue growth
11.7% vs -1.8%
EPS Growth (TTM YoY)
HDFCBANK has faster EPS growth
7.5% vs 4.5%
Qtr Sales Growth
BEL has stronger quarterly sales growth
11.8% vs 0.46%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricBELHDFCBANK
SectorCapital GoodsFinancial Services
IndustryAerospace & DefensePrivate Sector Bank

Price

MetricBELHDFCBANK
Live Price₹410.5₹725
Day Change1.18%-0.55%
Volume1.38 Cr2.21 Cr
52-Week High₹473.45₹1,020.5
52-Week Low₹361.2₹722
Distance from 52W High-13.3%-28.96%

Valuation

MetricBELHDFCBANK
Market Cap₹2.99 L Cr₹11.19 L Cr
P/E Ratio48.04x14.2x
P/B Ratio12.31x1.93x
EPS₹8.4₹45.78
Book Value₹32.82₹393.81
Dividend Yield0.62%1.78%

Growth

MetricBELHDFCBANK
Revenue Growth (TTM YoY)11.7%-1.8%
EPS Growth (TTM YoY)4.5%7.5%
Qtr Sales Growth11.8%0.46%
Qtr Profit Growth4.62%8.05%

Profitability & Leverage

Debt-to-equity is shown for reference only — it is not a like-for-like metric for banks and financials.
MetricBELHDFCBANK
ROE27.6%13.6%
ROCE36.5%7.02%
Net Margin22.29%25.12%
Operating Margin29.2%41.6%
Debt to Equity0x6.29x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBELHDFCBANK
Promoter Holding51.14%0%
FII Holding18.02% 1.48 pp41.83% 2.22 pp
DII Holding21.02% 1.03 pp41.92% 1.6 pp
Public Holding9.82% 0.45 pp16.25% 0.61 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: Bharat Electronics Ltd and HDFC Bank Ltd.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.