HDFC Bank vs Axis Bank: share price, P/E, ROE and financials compared
HDFC Bank and Axis Bank at a glance
HDFC Bank and Axis Bank are both listed in Financial Services. HDFC Bank is the larger by market cap, at ₹12.2L Cr against ₹4.1L Cr for Axis Bank (3.0 times as large). On valuation, Axis Bank has the lower P/E (13.8× against 17.2×) and the lower price-to-book (1.78× against 2.00×). On returns and margins, Axis Bank has the higher ROE (13.9% against 11.0%). Over three years, Axis Bank has faster 3-year profit growth (+34.6% against +12.5% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | HDFC BankHDFCBANK | Axis BankAXISBANK |
|---|---|---|
| Price (₹) | 788.25 | 1,322.90 |
| Market cap (₹ Cr) | 12,16,451 | 4,11,985 |
| P/E | 17.2× | 13.8× (the lower figure, shaded) |
| P/B | 2.00× | 1.78× (the lower figure, shaded) |
| Dividend yield, trailing | 1.65% (the higher figure, shaded) | 0.08% |
| ROE | 11.0% | 13.9% (the higher figure, shaded) |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 26.5% | 37.0% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +12.5% | +34.6% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | – | 29,950 |
| 1Y return | −22.9% | +4.4% (the higher figure, shaded) |
| Promoter holding | 0.00% | 7.86% |
HDFC Bank vs Axis Bank: common questions
Which is bigger, HDFC Bank or Axis Bank?
By market cap, HDFC Bank is bigger at ₹12.2L Cr, against ₹4.1L Cr for Axis Bank (prices as of 6 Nov 2026).
Which has a lower P/E ratio, HDFC Bank or Axis Bank?
HDFC Bank trades at a P/E of 17.2× and Axis Bank at 13.8×. Axis Bank has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, HDFC Bank or Axis Bank?
HDFC Bank reports a return on equity of 11.0% and Axis Bank 13.9%. Axis Bank has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, HDFC Bank or Axis Bank?
Over the last three years: profit grew +12.5% a year at HDFC Bank and +34.6% at Axis Bank, so Axis Bank grew profit faster. Past growth doesn’t predict future growth.