HDFC BankMEX:HDBN 66 Net Margin % is 36.45% as of Mar. 2025, which is 8% above its 10-year median of 33.89. GuruFocus rates MEX:HDBN with a GF Score™ of 66/100 and a GF Value™ of MXN501.84 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,527 Banks companies, HDFC Bank ranks better than 78.52% on this metric.
Net margin is calculated as Net Income divided by its Revenue. HDFC Bank's Net Income for the
six
months ended in Mar. 2025 was MXN79,200 Mil. HDFC Bank's Revenue for the
six
months ended in Mar. 2025 was MXN217,280 Mil. Therefore, HDFC Bank's net margin for the quarter that ended in Mar. 2025 was 36.45%.
The historical rank and industry rank for HDFC Bank's Net Margin % or its related term are showing as below:
MEX:HDBN'
s Net Margin % Range Over the Past 10 Years
Min: 30.3 Med: 33.89 Max: 41.1
Current: 36.63
MEX:HDBN's Net Margin % is ranked better than 78.52% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs MEX:HDBN: 36.63
HDFC Bank (MEX:HDBN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
HDFC Bank Net Margin % Related Terms
HDFC Bank Net Margin % Historical Data
* Premium members only.
The historical data trend for HDFC Bank's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, HDFC Bank's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HDFC Bank Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, HDFC Bank's Net Margin % distribution charts can be found below:
* The bar in red indicates where HDFC Bank's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HDFC Bank (MEX:HDBN) has a Net Margin % of 36.45% as of Mar. 2025. Net margin is the ratio of total net income to net sales. View historical data on HDFC Bank and its competitors. This is near median its historical median of 33.89. Over the past decade, HDFC Bank's Net Margin % has ranged from 30.30 to 41.10. According to the industry distribution chart, HDFC Bank ranks #328 out of 1527 companies in the Banks industry, placing it in the top 21.5%.
Is HDFC Bank's Net Margin % too high?
HDFC Bank's current Net Margin % of 36.45% is near median its 10-year median of 33.89. Over the past 10 years, this metric has ranged from a low of 30.30 to a high of 41.10. The Banks industry median Net Margin % is 26.95. HDFC Bank's value of 36.45% is 35.3% above this industry median. Based on the distribution chart, HDFC Bank ranks #328 out of 1527 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, HDFC Bank has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Bank's Net Margin % compare to PNC?
According to the Banks industry distribution chart, HDFC Bank ranks #328 out of 1527 companies for Net Margin %. This places HDFC Bank in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 26.95. HDFC Bank's value of 36.45% is 35.3% above this benchmark. Historically, HDFC Bank's own Net Margin % has ranged from 30.30 to 41.10 over the past decade. While the company's 10-year median is 33.89 vs. the industry median of 26.95, HDFC Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HDFC Bank's current Net Margin % of 36.45% is 35.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on HDFC Bank and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDFC Bank's current Net Margin % is 36.45%, which is near median its own 10-year median of 33.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDFC Bank stock overvalued right now?
Based on GuruFocus' analysis, HDFC Bank (MEX:HDBN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN501.84, compared to a current price of MXN410.00 — trading 18.3% below its estimated fair value. The current Net Margin % is 36.45%, which is near median its 10-year median of 33.89 and 35.3% above the Banks industry median of 26.95. HDFC Bank's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For HDFC Bank (MEX:HDBN), the current Net Margin % is 36.45% as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HDFC Bank (MEX:HDBN) Overvalued in 2026?
Based on GuruFocus' analysis, HDFC Bank stock appears to be undervalued.
The current stock price of MXN410.00 is trading 18.3% below its estimated GF Value™ of MXN501.84.
GuruFocus considers HDFC Bank to be Modestly Undervalued.
Key valuation signals for MEX:HDBN:
Net Margin %: 36.45% (near median its 10-year median of 33.89)
GF Value™: MXN501.84 vs. price of MXN410.00 (18.3% below fair value)
Industry Position: 35.3% above the Banks median (#328 of 1527)
No single metric tells the full story. See the MEX:HDBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HDFC Bank Ltd is an Indian bank. It operates in the following segments: Treasury, Retail banking, Wholesale banking, and Other banking business. The maximum revenue for the company is generated from its Retail banking segment, which serves retail customers through its branch network and other channels. This segment raises customer deposits and provides loans and other services to customers using different product groups. Its other operations include providing wholesale banking services to corporates, government entities, and other enterprises, generating income from its treasury operations, and performing para-banking activities such as offering credit cards, debit cards, etc. Geographically, the company generates a majority of its revenue from its operations in India.
66GF Score
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