WallStSmart

HDFC Bank Limited ADR (HDB)vsNorthrim BanCorp Inc (NRIM)

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Smart Verdict

WallStSmart Research — data-driven comparison

HDFC Bank Limited ADR generates 1361941% more annual revenue ($2.85T vs $208.90M). NRIM leads profitability with a 30.9% profit margin vs 26.2%. NRIM trades at a lower P/E of 8.0x. HDB earns a higher WallStSmart Score of 78/100 (B+).

HDB

Strong Buy

78

out of 100

Grade: B+

Growth: 8.0Profit: 7.5Value: 8.7Quality: 5.3
Piotroski: 3/9Altman Z: -0.14

NRIM

Strong Buy

70

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 8.3Quality: 5.8
Piotroski: 5/9
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Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HDBUndervalued (+11.2%)

Margin of Safety

+11.2%

Fair Value

$36.29

Current Price

$25.79

$10.50 discount

UndervaluedFair: $36.29Overvalued
NRIMUndervalued (+66.1%)

Margin of Safety

+66.1%

Fair Value

$75.54

Current Price

$22.79

$52.75 discount

UndervaluedFair: $75.54Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HDB5 strengths · Avg: 8.8/10
Operating MarginProfitability
34.8%10/10

Strong operational efficiency at 34.8%

Market CapQuality
$130.27B9/10

Large-cap with strong market position

Profit MarginProfitability
26.2%9/10

Keeps 26 of every $100 in revenue as profit

P/E RatioValuation
17.6x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
26.4%8/10

Revenue surging 26.4% year-over-year

NRIM6 strengths · Avg: 9.3/10
P/E RatioValuation
8.0x10/10

Attractively priced relative to earnings

Profit MarginProfitability
30.9%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
34.5%10/10

Strong operational efficiency at 34.5%

Return on EquityProfitability
21.8%9/10

Every $100 of equity generates 22 in profit

Debt/EquityHealth
0.299/10

Conservative balance sheet, low leverage

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

HDB3 concerns · Avg: 2.7/10
Debt/EquityHealth
1.093/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

NRIM1 concerns · Avg: 3.0/10
Market CapQuality
$505.25M3/10

Smaller company, higher risk/reward

Comparative Analysis Report

WallStSmart Research

Bull Case : HDB

The strongest argument for HDB centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 26.2% and operating margin at 34.8%. Revenue growth of 26.4% demonstrates continued momentum.

Bull Case : NRIM

The strongest argument for NRIM centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 30.9% and operating margin at 34.5%. Revenue growth of 17.2% demonstrates continued momentum.

Bear Case : HDB

The primary concerns for HDB are Debt/Equity, Piotroski F-Score, Altman Z-Score.

Bear Case : NRIM

The primary concerns for NRIM are Market Cap.

Key Dynamics to Monitor

NRIM carries more volatility with a beta of 0.93 — expect wider price swings.

HDB is growing revenue faster at 26.4% — sustainability is the question.

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

Bottom Line

HDB scores higher overall (78/100 vs 70/100), backed by strong 26.2% margins and 26.4% revenue growth. NRIM offers better value entry with a 66.1% margin of safety. 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.

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Northrim BanCorp Inc

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Northrim BanCorp, Inc. is the banking holding company for Northrim Bank offering commercial banking products and services to businesses and professionals. The company is headquartered in Anchorage, Alaska.

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