HDFCBANK vs ICICIBANK: Stock Comparison

HDFC BANK vs ICICI BANKUpdated 27 Aug 26, 4:08 PM ISTNSE & company filings

HDFC BANK is the larger company by market capitalisation. HDFC BANK shows a lower P/E, a higher dividend yield and a higher net margin, while ICICI BANK shows a higher ROE, faster revenue growth and a higher ROCE. 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

HDFCBANK leads 5; ICICIBANK leads 6 of 11

Not a rating

Interactive comparison

Compare the numbers that shape the decision

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

HDFCBANKICICIBANK

Valuation lens

What price are you paying?

Market CapContext only
₹11.02 L Cr
₹10.38 L Cr
P/E RatioHDFCBANK has the lower reading
13.87x
18.43x
P/B RatioHDFCBANK has the lower reading
1.88x
2.72x
EPSICICIBANK has the higher reading
₹12.5
₹21.52
Book ValueContext only
₹393.81
₹530.38
Dividend YieldHDFCBANK has the higher reading
1.79%
0.84%

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

Key Differences

Market Cap
HDFCBANK is the larger company
₹11.02 L Cr vs ₹10.38 L Cr
P/E Ratio
HDFCBANK has a lower P/E
13.87x vs 18.43x
P/B Ratio
HDFCBANK has a lower P/B
1.88x vs 2.72x
EPS
ICICIBANK has higher earnings per share
₹21.52 vs ₹12.5
Dividend Yield
HDFCBANK has a higher dividend yield
1.79% vs 0.84%
Revenue Growth (TTM YoY)
ICICIBANK has faster revenue growth
66.9% vs -1.8%
EPS Growth (TTM YoY)
ICICIBANK has faster EPS growth
8.4% vs 7.5%
Qtr Profit Growth
ICICIBANK has stronger quarterly profit growth
9.49% vs 6.94%

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

Profile

MetricHDFCBANKICICIBANK
SectorFinancial ServicesFinancial Services
IndustryPrivate Sector BankPrivate Sector Bank

Price

MetricHDFCBANKICICIBANK
Live Price₹711₹1,443
Day Change-2.23%0.91%
Volume4.65 Cr1.15 Cr
52-Week High₹1,020.5₹1,480
52-Week Low₹715.1₹1,187.6
Distance from 52W High-30.33%-2.5%

Valuation

MetricHDFCBANKICICIBANK
Market Cap₹11.02 L Cr₹10.38 L Cr
P/E Ratio13.87x18.43x
P/B Ratio1.88x2.72x
EPS₹12.5₹21.52
Book Value₹393.81₹530.38
Dividend Yield1.79%0.84%

Growth

MetricHDFCBANKICICIBANK
Revenue Growth (TTM YoY)-1.8%66.9%
EPS Growth (TTM YoY)7.5%8.4%
Qtr Profit Growth6.94%9.49%

Profitability & Leverage

Debt-to-equity is shown for reference only — it is not a like-for-like metric for banks and financials.
MetricHDFCBANKICICIBANK
ROE13.37%15.19%
ROCE9.97%17.32%
Net Margin25.12%24.3%
Operating Margin25.72%24.69%
Debt to Equity0.88x0.58x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricHDFCBANKICICIBANK
Promoter Holding0%
FII Holding41.83% 2.22 pp49.82% 15.33 pp
DII Holding41.92% 1.6 pp42.31% 2.36 pp
Public Holding16.25% 0.61 pp7.65% 17.7 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: HDFC BANK and ICICI BANK.

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.