HDFC BANK LIMITED vs ICICI BANK LIMITED

HDFCBANK and ICICIBANK. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Jan '19, the first month all 2 have a price: HDFCBANK +36%, ICICIBANK +272%.

83191299406Jan '19Aug '20Mar '22Oct '23May '25Oct '2683191299406Jan '19Aug '21Mar '24Oct '26

Rebased at 2019-01. Monthly closes from each company's history.

P/E

14.4x27.8x53.5x103.2xJan '19Aug '20Mar '22Oct '23May '25Oct '2614.4x27.8x53.5x103.2xJan '19Aug '21Mar '24Oct '26
HDFC BANK LIMITED (HDFCBANK)ICICI BANK LIMITED (ICICIBANK)

Log scale: equal vertical distances are equal ratios. Months with a missing or non-positive value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

HDFCBANK Net profit growth: +53 pts+53 ptsShare count change: -31 pts-31 ptsP/E change: -26 pts-26 pts -4% ICICIBANK Net profit growth: +60 pts+60 ptsShare count change: -3 ptsP/E change: -9 pts +48%
Net profit growthShare count changeP/E changeUnexplained

HDFCBANK: share price fell 4% over 3 years: +53 pts from net profit growth, −26 pts from the P/E change, −31 pts from share count change.

ICICIBANK: share price rose 48% over 3 years: +60 pts from net profit growth, −9 pts from the P/E change, −3 pts from share count change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

HDFC BANK LIMITED (HDFCBANK) · Finance

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
Nov '212023202420252026Oct '26
Lower rank Higher rank

ICICI BANK LIMITED (ICICIBANK) · Finance

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricHDFCBANKICICIBANK
Share Price₹707.25₹1355.00
Market Cap₹10.88L cr₹9.70L cr
P/E14.4x18.6x
P/B1.9x2.9x
P/S3.5x5.6x
ROE14.0%16.0%
Revenue (TTM), indexed to 100₹3.09L cr₹1.73L cr
Net Profit (TTM)₹75576 cr₹52183 cr
Debt / Equity0.9x0.4x
Promoter holding0.0%—
FII Holding41.8%33.8%
DII Holding41.8%42.3%
12M momentum-28.4%0.7%
Drawdown from Peak-29.9%-8.5%
Share Count Change (1Y)101.2%0.5%
Volatility (1Y)22.0%19.5%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.