LIVE
HDB
HDFC Bank Limited · Financials - Indian Private Sector Banking
$25.06
+3.30% this month
VERSUS
⟷
COMPARE
IBN
ICICI Bank Limited · Financials - Indian Private Sector Banking
$27.94
+10.65% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
HDB
1
IBN
3
Comparison scoreboard
IBN LEADS 3/5AI Score
HDB 39.6
IBN ✓55.2
1Y Return
HDB -31.80%
IBN ✓-13.88%
Fwd P/E
HDB 17.01
IBN ✓14.63
Target Up.
HDB ✓+37.37%
IBN +26.61%
Op. Margin
HDB N/A
IBN N/A
Metrics last refreshed: 6/20/2026
Quick take
HDB vs IBN Stock Comparison: AI Score, Valuation, Performance and Upside
Both HDB and IBN are among the highest-quality private sector banks in India, offering investors exposure to India's long-term financial inclusion and credit growth story. HDFC Bank is generally viewed as the quality benchmark with exceptional historical metrics, while ICICI Bank has been recognized for a strong profitability recovery and return improvement trajectory.
HDB vs IBN compares India's two leading private sector banks, both poised to benefit from India's expanding middle class and underpenetrated credit market, with different franchise histories and current financial trajectories.
Live analysis · updated 6/20/2026
IBN holds the edge across 3 of 5 key metrics in this comparison. IBN leads on both 1-year return (-13.88%) and forward P/E (14.63x vs 17.01x for HDB), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for HDB (+37.37%) than for IBN (+26.61%).
Normalized 1Y performance
HDB
IBN
Recent returns
HDB
IBN
Analyst price targets & sentiment
HDB · 4 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.3/5.0)
Price target range
analyst low$29.70
analyst high$36.00
analyst mean$34.43
current price$25.06
+37.4% upside to analyst mean
IBN · 4 analysts
Price target range
analyst low$34.00
analyst high$37.00
analyst mean$35.38
current price$27.94
+26.6% upside to analyst mean
Who should consider this stock?
HDB may suit investors who:
- →Want exposure to India's historically highest-quality private sector bank franchise
- →Value HDFC Bank's exceptional long-term track record of asset quality and profitability
- →See the HDFC Ltd. merger integration as a near-term headwind with long-term strategic value
IBN may suit investors who:
- →Want exposure to India's improving large-cap private bank with strong return trajectory
- →Believe ICICI Bank's profitability improvement and ROE expansion still has room to run
- →Value the broader ICICI financial services ecosystem including insurance and asset management
Performance & AI score
| Metric | HDB | IBN |
|---|---|---|
| AI score | 39.6 | 55.2 |
| AI rank | #1143 | #256 |
| Latest close | $25.06 | $27.94 |
| 1M return | +3.30% | +10.65% |
| 6M return | -28.66% | -5.74% |
| 1Y return | -31.80% | -13.88% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | HDB | IBN |
|---|---|---|
| 1Y ago | $6.91K (-30.9%) started 2025-06-18 | $8.68K (-13.2%) started 2025-06-18 |
| 5Y ago | $7.82K (-21.8%) started 2021-06-18 | $17.73K (+77.3%) started 2021-06-18 |
| 10Y ago | $18.6K (+86.0%) started 2016-06-20 | $47.03K (+370.3%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | HDB | IBN |
|---|---|---|
| Market cap | $128.62B | $100.19B |
| Trailing P/E | 17.77 | 17.80 |
| Forward P/E | 17.01 | 14.63 |
| Price/Sales | 0.05 | 0.05 |
| EV/Revenue | 1.28 | -0.08 |
| Analyst target | $34.43 | $35.38 |
| Target upside | +37.37% | +26.61% |
Growth, profitability & risk
| Metric | HDB | IBN |
|---|---|---|
| Revenue growth | -1.80% | 66.90% |
| Earnings growth | 7.50% | 8.40% |
| EPS growth | +7.50% | +8.40% |
| FCF margin | N/A | N/A |
| Operating margin | N/A | N/A |
| Profit margin | 26.83% | 24.93% |
| ROIC proxy | 13.82% | 16.36% |
| Return on equity | 13.82% | 16.36% |
| Dividend yield | 52.50% | 0.89% |
| Beta | 0.43 | 0.25 |
| Debt/equity | N/A | N/A |
| Current ratio | N/A | N/A |
| Quick ratio | N/A | N/A |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
HDB max drawdown40.98%
IBN max drawdown26.19%
HDB max wkly drop12.50%
IBN max wkly drop7.68%
5Y risk snapshot
HDB max drawdown40.98%
IBN max drawdown26.24%
HDB max wkly drop14.59%
IBN max wkly drop15.82%
10Y risk snapshot
HDB max drawdown54.28%
IBN max drawdown55.05%
HDB max wkly drop30.55%
IBN max wkly drop32.88%
Performance metrics by period
| Period | Metric | HDB | IBN |
|---|---|---|---|
| 1Y | Growth | -31.80% | -13.88% |
| CAGR | -31.81% | -13.89% | |
| Sharpe ratio | -1.62 | -0.84 | |
| Max drawdown | 40.98% | 26.19% | |
| Max daily drop | 7.28% | 5.89% | |
| Max wkly drop | 12.50% | 7.68% | |
| 5Y | Growth | -27.50% | +71.38% |
| CAGR | -6.23% | +11.38% | |
| Sharpe ratio | -0.27 | 0.39 | |
| Max drawdown | 40.98% | 26.24% | |
| Max daily drop | 9.34% | 9.00% | |
| Max wkly drop | 14.59% | 15.82% | |
| 10Y | Growth | +67.90% | +349.79% |
| CAGR | +5.32% | +16.24% | |
| Sharpe ratio | 0.17 | 0.49 | |
| Max drawdown | 54.28% | 55.05% | |
| Max daily drop | 16.27% | 13.97% | |
| Max wkly drop | 30.55% | 32.88% |
Business comparison
| Category | HDB | IBN |
|---|---|---|
| Company | HDFC Bank Limited | ICICI Bank Limited |
| Sector | Financials - Indian Private Sector Banking | Financials - Indian Private Sector Banking |
| Industry | N/A | N/A |
| Core business | HDFC Bank is India's largest private sector bank by assets, providing retail banking, wholesale banking, treasury, and financial services across a vast branch and digital banking network in India. | ICICI Bank is one of India's largest private sector banks, providing retail, business, and corporate banking along with insurance, asset management, and other financial services through its subsidiaries. |
| Investor focus | Investors track HDFC Bank's loan growth and asset quality trends post-merger with HDFC Ltd., net interest margin, and deposit growth as the bank integrates its mortgage finance parent. | Investors track ICICI Bank's improving return on assets and return on equity trajectory, loan growth across retail and business banking, and asset quality improvement as credit culture has strengthened. |
HDB strengths
- →India's largest private sector bank with exceptional historical asset quality and profitability
- →Strong retail franchise with diversified loan book across home loans, auto, personal, and business banking
- →Integration with HDFC Ltd. creates a more comprehensive housing finance and banking platform
IBN strengths
- →Among the fastest-improving large Indian private banks in terms of return on equity and profitability
- →Diversified financial services ecosystem including banking, insurance, and asset management
- →Significant loan book growth across retail and business banking categories
Risks to watch — HDB
- →Post-merger integration with HDFC Ltd. created temporary net interest margin and loan-to-deposit ratio pressures
- →Must accelerate deposit growth to fund expanded loan book following the HDFC Ltd. merger
- →Premium valuation reflects franchise quality expectations that must be sustained
Risks to watch — IBN
- →Credit quality and provisioning trends are closely monitored as ICICI has navigated a historical period of asset quality cleanup
- →Competition from HDFC Bank and Kotak Mahindra Bank in retail and business banking
- →Both HDB and IBN are traded as ADRs in the U.S., adding currency and ADR-specific liquidity considerations
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