HDFCBANK vs ICICIBANK: Stock Comparison

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

HDFC Bank Ltd is the larger company by market capitalisation. HDFC Bank Ltd shows a lower P/E, a higher dividend yield and a higher net margin, while ICICI Bank Ltd 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 7 of 12

Not a rating

Interactive comparison

Compare the numbers that shape the decision

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HDFCBANKICICIBANK

Valuation lens

What price are you paying?

Market CapContext only
HDFCBANK
₹11.19 L Cr
ICICIBANK
₹10.11 L Cr
P/E RatioHDFCBANK has the lower reading
HDFCBANK
14.2x
ICICIBANK
18.22x
P/B RatioHDFCBANK has the lower reading
HDFCBANK
1.93x
ICICIBANK
2.69x
EPSICICIBANK has the higher reading
HDFCBANK
₹45.78
ICICIBANK
₹77.34
Book ValueContext only
HDFCBANK
₹393.81
ICICIBANK
₹530.38
Dividend YieldHDFCBANK has the higher reading
HDFCBANK
1.78%
ICICIBANK
0.84%

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

Key Differences

Market Cap
HDFCBANK is the larger company
₹11.19 L Cr vs ₹10.11 L Cr
P/E Ratio
HDFCBANK has a lower P/E
14.2x vs 18.22x
P/B Ratio
HDFCBANK has a lower P/B
1.93x vs 2.69x
EPS
ICICIBANK has higher earnings per share
₹77.34 vs ₹45.78
Dividend Yield
HDFCBANK has a higher dividend yield
1.78% 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 Sales Growth
ICICIBANK has stronger quarterly sales growth
2.49% vs 0.46%

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₹725₹1,406.8
Day Change-0.55%-1.74%
Volume2.21 Cr1.14 Cr
52-Week High₹1,020.5₹1,480
52-Week Low₹722₹1,187.6
Distance from 52W High-28.96%-4.95%

Valuation

MetricHDFCBANKICICIBANK
Market Cap₹11.19 L Cr₹10.11 L Cr
P/E Ratio14.2x18.22x
P/B Ratio1.93x2.69x
EPS₹45.78₹77.34
Book Value₹393.81₹530.38
Dividend Yield1.78%0.84%

Growth

MetricHDFCBANKICICIBANK
Revenue Growth (TTM YoY)-1.8%66.9%
EPS Growth (TTM YoY)7.5%8.4%
Qtr Sales Growth0.46%2.49%
Qtr Profit Growth8.05%9.28%

Profitability & Leverage

Debt-to-equity is shown for reference only — it is not a like-for-like metric for banks and financials.
MetricHDFCBANKICICIBANK
ROE13.6%16.1%
ROCE7.02%7.2%
Net Margin25.12%24.3%
Operating Margin41.6%25.2%
Debt to Equity6.29x5.69x

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 Ltd and ICICI 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.