WallStSmart

HDFC Bank Limited ADR (HDB)vsNicolet Bankshares Inc. (NIC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

HDFC Bank Limited ADR generates 578010% more annual revenue ($2.95T vs $510.22M). NIC leads profitability with a 30.2% profit margin vs 26.8%. HDB appears more attractively valued with a PEG of 1.01. HDB earns a higher WallStSmart Score of 76/100 (B+).

HDB

Strong Buy

76

out of 100

Grade: B+

Growth: 8.7Profit: 7.5Value: 6.3Quality: 6.0
Piotroski: 6/9

NIC

Strong Buy

71

out of 100

Grade: B

Growth: 8.0Profit: 7.0Value: 5.0Quality: 6.8
Piotroski: 7/9Altman Z: 1.30

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HDB6 strengths · Avg: 9.0/10
Operating MarginProfitability
33.3%10/10

Strong operational efficiency at 33.3%

Free Cash FlowQuality
$1.72T10/10

Generating 1.7T in free cash flow

Market CapQuality
$119.10B9/10

Large-cap with strong market position

Profit MarginProfitability
26.8%9/10

Keeps 27 of every $100 in revenue as profit

P/E RatioValuation
16.0x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
16.6%8/10

16.6% revenue growth

NIC5 strengths · Avg: 9.6/10
Profit MarginProfitability
30.2%10/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
52.9%10/10

Strong operational efficiency at 52.9%

Revenue GrowthGrowth
86.1%10/10

Revenue surging 86.1% year-over-year

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

HDB1 concerns · Avg: 4.0/10
Price/BookValuation
9.4x4/10

Trading at 9.4x book value

NIC3 concerns · Avg: 3.0/10
PEG RatioValuation
1.924/10

Expensive relative to growth rate

Return on EquityProfitability
5.9%3/10

ROE of 5.9% — below average capital efficiency

Altman Z-ScoreHealth
1.302/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : HDB

The strongest argument for HDB centers on Operating Margin, Free Cash Flow, Market Cap. Profitability is solid with margins at 26.8% and operating margin at 33.3%. Revenue growth of 16.6% demonstrates continued momentum.

Bull Case : NIC

The strongest argument for NIC centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 30.2% and operating margin at 52.9%. Revenue growth of 86.1% demonstrates continued momentum.

Bear Case : HDB

The primary concerns for HDB are Price/Book.

Bear Case : NIC

The primary concerns for NIC are PEG Ratio, Return on Equity, Altman Z-Score.

Key Dynamics to Monitor

NIC carries more volatility with a beta of 0.64 — expect wider price swings.

NIC is growing revenue faster at 86.1% — sustainability is the question.

HDB generates stronger free cash flow (1.7T), providing more financial flexibility.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HDB scores higher overall (76/100 vs 71/100), backed by strong 26.8% margins and 16.6% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

HDFC Bank Limited ADR

FINANCIAL SERVICES · BANKS - REGIONAL · USA

HDFC Bank Limited offers various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong and Dubai. The company is headquartered in Mumbai, India.

Visit Website →

Nicolet Bankshares Inc.

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank that offers banking products and services for businesses and individuals. The company is headquartered in Green Bay, Wisconsin.

Visit Website →

Want to dig deeper into these stocks?