HDFC Bank- we understand your world

In FY22, EPS grew by 18% and book valu by 17.2%. The long term financials are summarized below.

At current stock price, trailing P/B ~ 3.28 and P/E ~ 21.45. Its a bit cheaper than same time last year, and at 10-15% discount to long term averages. What is impressive is EPS growth has kept chugging along at 15-20% over last 5-years when overall economy was relatively subdued.

Disclosure: Invested (position size here, no transactions in last 30 days)

12 Likes