Reliance Industries vs HDFC Bank: share price, P/E, ROE and financials compared
Reliance Industries
HDFC Bank
Reliance Industries and HDFC Bank at a glance
Reliance Industries is the larger by market cap, at ₹17.9L Cr against ₹12.2L Cr for HDFC Bank (1.5 times as large). On valuation, Reliance Industries has the lower price-to-book (1.89× against 2.00×), while HDFC Bank has the lower P/E (17.2× against 21.8×). On returns and margins, HDFC Bank has the higher ROE (11.0% against 8.8%). Over three years, HDFC Bank has faster 3-year profit growth (+12.5% against +6.6% a year). HDFC Bank is a lender or insurer, so its ROCE, margins and debt-to-equity aren’t comparable with Reliance Industries’s.
Key metrics, side by side
| Metric | Reliance IndustriesRELIANCE | HDFC BankHDFCBANK |
|---|---|---|
| Price (₹) | 1,320.00 | 788.25 |
| Market cap (₹ Cr) | 17,86,286 | 12,16,451 |
| P/E | 21.8× | 17.2× (the lower figure, shaded) |
| P/B | 1.89× (the lower figure, shaded) | 2.00× |
| Dividend yield, trailing | 0.45% | 1.65% (the higher figure, shaded) |
| ROE | 8.8% | 11.0% (the higher figure, shaded) |
| ROCE | 9.0% | n/m |
| Operating margin (OPM) | 11.2% | n/m |
| Net margin (NPM) | 6.8% | 26.5% (the higher figure, shaded) |
| Sales CAGR 3Y | +6.4% | n/m |
| Profit CAGR 3Y | +6.6% | +12.5% (the higher figure, shaded) |
| Debt to equity | 0.44× | n/m |
| Interest cover | 6.1× | n/m |
| Net profit TTM (₹ Cr) | 82,110 | – |
| 1Y return | −10.8% (the higher figure, shaded) | −22.9% |
| Promoter holding | – | 0.00% |
Reliance Industries vs HDFC Bank: common questions
Which is bigger, Reliance Industries or HDFC Bank?
By market cap, Reliance Industries is bigger at ₹17.9L Cr, against ₹12.2L Cr for HDFC Bank (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Reliance Industries or HDFC Bank?
Reliance Industries trades at a P/E of 21.8× and HDFC Bank at 17.2×. HDFC 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, Reliance Industries or HDFC Bank?
Reliance Industries reports a return on equity of 8.8% and HDFC Bank 11.0%. HDFC Bank has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Reliance Industries or HDFC Bank?
Over the last three years: profit grew +6.6% a year at Reliance Industries and +12.5% at HDFC Bank, so HDFC Bank grew profit faster. Past growth doesn’t predict future growth.