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Federal Bank

FEDERALBNK NSE
₹335.20 +1.45 (+0.43%)
P/E
15.94
View as Markdown
MCP
Close 4 Nov 2026 ₹335.20 +99.37 +42.1% 1Y
Start ₹235.83

Key Fundamentals

MidcapBanksFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

EPS (TTM)
₹21.03
Book Value
₹166.62
Market Cap
—
P/E (TTM)
15.94
P/B
2.01
ROE
11.60%
Dividend Yield
0.36%
52W High
₹371.70
52W Low
₹232.42
Day Range
₹330.10 – ₹335.60
Volume
42,50,209
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

Federal Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank (this company)
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
Median 7 companies₹736.7015.94₹3,83,779 Cr1.880.36%13.10%—₹73,545 Cr₹21,472 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
38
Weak
Returns, margins, earnings quality 22% weight
Valuation
27
Poor
Cheap vs sector & own history 24% weight
Growth
69
Strong
Sales & profit trajectory 9% weight
Financial Health
71
Strong
Solvency, leverage, coverage 9% weight
Momentum
66
Good
Trend strength, vol-adjusted 12% weight
Ownership
60
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

5
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.9% over last 3 years.
  • Contingent liabilities of Rs.2,99,451 Cr.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 7.14% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish964
OscillatorsBearish261
Moving AveragesStrong Bearish703

Key readings

RSI (14)
47.81
Neutral
MACD (12,26,9)
1.24
Bearish
SMA (50)
337.41
Bearish
SMA (200)
312.13
Bullish

As of

Analyst Rating

Based on 35 analysts
BUY57%

20 of 35 analysts rate Buy, 11 Hold, 4 Sell.

As of

BUY
20
57%
HOLD
11
31%
SELL
4
11%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+14.26%
5Y+15.70%
3Y+18.55%
1Y+5.58%
TTM+9.78%

Net profit

Net profit growth by window
10Y+24.90%
5Y+21.73%
3Y+11.84%
1Y+6.07%
TTM+33.18%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8,783 Cr
Mar 2018₹9,915 Cr
Mar 2019₹11,635 Cr
Mar 2020₹13,590 Cr
Mar 2021₹14,314 Cr
Mar 2022₹14,382 Cr
Mar 2023₹17,812 Cr
Mar 2024₹23,565 Cr
Mar 2025₹28,106 Cr
Mar 2026₹29,674 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹867 Cr
Mar 2018₹935 Cr
Mar 2019₹1,318 Cr
Mar 2020₹1,590 Cr
Mar 2021₹1,680 Cr
Mar 2022₹1,996 Cr
Mar 2023₹3,210 Cr
Mar 2024₹3,964 Cr
Mar 2025₹4,234 Cr
Mar 2026₹4,491 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹7,188 Cr +16.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

Federal Bank Ltd trades at ₹339.7 with a market capitalisation of ₹85,573 Cr as of 2026-10-30, placing it at a P/E of 16.15x and P/B of 2.04x. The bank has delivered a 10-year compounded profit growth of 24% and a 1-year stock CAGR of 53%, though return on equity at 10.91% and interest coverage concerns temper the growth narrative.

Bull Case 7
  • Strong long-term profit compounding at 24% over 10 years and 21% over 5 years demonstrates consistent earnings expansion
  • TTM profit growth of 32% significantly outpaces TTM sales growth of 10%, indicating improving operating leverage and margins
  • Stock has delivered a 1-year CAGR of 53% and a 5-year CAGR of 27%, reflecting sustained re-rating by the market
  • Compounded sales growth of 14% over 10 years and 19% over 3 years shows the bank is scaling its loan book and revenue base at a healthy pace
  • At a P/E of 16.15x, the valuation is moderate relative to the 32% TTM profit growth, suggesting earnings momentum has room to be priced in
  • The stock is trading at ₹339.7 against a 52-week low of ₹232.42, a gain of roughly 46% from its trough, yet still about 8.6% below its 52-week high of ₹371.7, leaving potential headroom
  • 10-year stock CAGR of 16% indicates long-term wealth creation well above typical fixed-income returns
Bear Case 8
  • Return on equity stands at just 10.91% currently and has averaged only about 12-13% over the last 3-5 years, which is below the levels typically expected of high-quality banks
  • Contingent liabilities are substantial at ₹2,99,451 Cr, far exceeding the bank's market capitalisation of ₹85,573 Cr, posing a tail risk if even a fraction crystallises
  • Low interest coverage ratio suggests the bank's operating earnings provide limited cushion over its interest obligations, a risk in a rising-rate or stress scenario
  • Dividend payout has been just 7.14% of profits over the last 3 years, with a current yield of only 0.35%, offering minimal income return to shareholders
  • TTM sales growth has decelerated to 10% compared to the 3-year compounded rate of 19%, signalling a potential slowdown in top-line momentum
  • The possibility that the company may be capitalising interest costs raises questions about the true picture of reported profitability
  • ROCE at 5.88% is modest, indicating the bank's overall capital deployment efficiency is not particularly high
  • P/B ratio of 2.04x means the stock trades at more than double its book value, which can compress if ROE does not improve from current levels around 11%

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Federal Bank delivered a standout Q2FY27 with record profit of ₹1,386 crore (up 45% YoY), decade-low NPAs, and strong 22% loan growth crossing ₹3 lakh crore in advances. Key risks center on sustainability — the FCNR-driven funding cost advantage is temporary, NIM missed sequential guidance, treasury gains may not repeat, and capital adequacy is gradually eroding under rapid growth. The bank's disciplined acquisition approach (StanC cards, no rushed large mergers) and diversified growth engines (gold loans, NRI, cards) are positives, but the next few quarters will test whether current margin and asset quality levels hold as cheap funding tailwinds fade.

Headwinds 6
  • Capital adequacy ratio slipping Oct 16

    CRAR fell to 16.84% in Sep 2026 from 16.97% in Jun 2026 as ~22% loan growth absorbs most internally generated capital.

  • FCNR funding advantage temporary Oct 16

    The $1.5 billion FCNR(B) concessional swap drove a 40 bps drop in cost of funds, but this scheme-dependent cheap funding disappears when the window closes.

  • NIM missed quarterly guidance Oct 16

    NIM expanded 26 bps YoY to 3.32% but fell short of management's guided 5-6 bps sequential improvement, with deposit competition described as intense and sometimes irrational.

Positives 8
  • Record Q2 profit, up 45% Oct 16

    Net profit jumped 45.1% YoY to ₹1,386 crore in Q2FY27, the highest-ever quarterly profit, with NII up 26.4% to ₹3,153 crore and operating profit up 35.4% to ₹2,225 crore.

  • Decade-low NPA levels Oct 16

    GNPA fell to 1.32% and NNPA to 0.17%, both decade lows, with provision coverage at 86.78% (94.49% including write-offs) and slippage ratio improving to 0.59% from 0.94% YoY.

  • Strong loan and deposit growth Oct 16

    Advances crossed ₹3 lakh crore growing 21.66% YoY, deposits rose 18.61% to ₹3.42 lakh crore, and total business franchise exceeded ₹6.4 lakh crore.

Neutral 3
  • Tech leader joins board Oct 16

    Rajesh Varrier, President of Global Operations at Cognizant India, appointed as Independent Director for three years effective Oct 16, subject to shareholder approval within three months.

  • Virtual investor meet with HSBC Oct 19

    Federal Bank held a one-on-one virtual meeting with HSBC Securities on Oct 19, 2026; no presentations were made during the session.

  • Inorganic growth stance unchanged Oct 19

    Management continues evaluating inorganic opportunities but declined to comment on Jana Small Finance Bank merger speculation; nothing currently on the table.

Quarterly Results

₹ Cr
FEDERALBNK quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
5,791
6,085
6,339
6,728
7,006
7,265
7,108
7,151
7,216
7,360
7,947
7,862
8,383
Expenses
1,661
1,814
1,917
2,048
2,149
2,349
2,265
2,506
2,519
2,595
3,017
2,665
2,998
Financing Profit
586
511
486
468
463
346
386
105
267
365
528
659
601
Fin. Margin %
10%
8%
8%
7%
7%
5%
5%
1%
4%
5%
7%
8%
7%
Other Income
757
908
810
936
1,010
931
1,047
1,164
1,105
1,143
1,186
1,082
1,521
Interest
3,544
3,760
3,936
4,212
4,393
4,570
4,456
4,540
4,429
4,401
4,402
4,538
4,783
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,343
1,420
1,296
1,404
1,473
1,277
1,434
1,270
1,373
1,507
1,714
1,741
2,122
Tax %
26%
25%
25%
26%
25%
26%
23%
25%
26%
25%
19%
25%
26%
Net Profit
1,007
1,067
996
1,047
1,115
951
1,108
947
1,019
1,125
1,393
1,298
1,564
EPS (₹)
4.23
4.26
3.99
4.2
4.47
3.85
4.44
3.74
4.03
4.44
5.44
5.09
6.06
Gross NPA %
2.27%
2.28%
2.11%
—
—
—
—
—
—
—
—
—
—
Net NPA %
0.68%
0.68%
0.63%
—
—
—
—
—
—
—
—
—
—

Profit & Loss

₹ Cr
FEDERALBNK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
7,488
7,826
8,783
9,915
11,635
13,590
14,314
14,382
17,812
23,565
28,106
29,674
31,552
Expenses
1,701
2,529
2,749
3,331
3,572
4,608
5,527
5,758
5,828
6,792
8,523
10,332
11,275
Financing Profit
731
38
382
358
747
304
352
664
2,009
2,278
1,952
1,571
2,153
Fin. Margin %
10%
0%
4%
4%
6%
2%
2%
5%
11%
10%
7%
5%
7%
Other Income
879
808
1,084
1,160
1,335
1,882
1,972
2,121
2,436
3,216
3,924
4,598
4,931
Interest
5,056
5,259
5,653
6,226
7,316
8,678
8,435
7,959
9,975
14,495
17,631
17,772
18,123
Depreciation
79
108
124
125
122
126
115
139
182
234
288
306
0
PBT
1,530
739
1,342
1,393
1,960
2,060
2,209
2,646
4,263
5,261
5,588
5,863
7,084
Tax %
34%
34%
36%
35%
35%
25%
25%
26%
26%
25%
25%
24%
—
Net Profit
1,058
486
867
935
1,318
1,590
1,680
1,996
3,210
3,964
4,201
4,483
5,388
EPS (₹)
6.17
2.83
5.03
4.74
6.63
7.93
8.34
9.37
14.95
15.93
16.93
17.63
21.03
Div. Payout %
18%
25%
18%
21%
21%
0%
8%
19%
7%
8%
7%
7%
—

Balance Sheet

₹ Cr
FEDERALBNK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
171
344
345
394
397
399
399
421
423
487
491
493
495
Reserves
7,529
7,720
8,607
11,880
13,101
14,424
16,105
18,835
21,699
29,618
34,047
39,550
42,259
Borrowing
2,393
5,236
6,345
12,329
8,706
12,528
12,271
19,587
25,862
25,160
32,596
33,193
37,996
Deposits
70,823
79,171
97,662
1,11,970
1,34,879
1,52,252
1,72,186
1,81,678
2,12,988
2,52,455
2,83,484
3,13,491
3,42,189
Other Liabilities
1,993
2,234
2,527
2,640
3,469
3,751
4,006
5,721
7,031
10,119
9,534
15,354
20,322
Total Liabilities
82,909
94,706
1,15,486
1,39,214
1,60,552
1,83,353
2,04,967
2,26,241
2,68,004
3,17,839
3,60,152
4,02,081
4,43,260
Fixed Assets
446
508
477
452
462
477
504
643
890
996
1,456
1,420
1,538
CWIP
27
16
15
10
18
28
13
29
81
67
72
108
0
Investments
20,349
24,920
27,912
30,595
31,676
35,715
36,732
39,065
48,702
61,043
66,058
76,471
84,242
Other Assets
62,087
69,262
87,081
1,08,158
1,28,397
1,47,133
1,67,717
1,86,504
2,18,330
2,55,733
2,92,567
3,24,081
3,57,480
Total Assets
82,909
94,706
1,15,486
1,39,214
1,60,552
1,83,353
2,04,967
2,26,241
2,68,004
3,17,839
3,60,152
4,02,081
4,43,260

Cash Flow

₹ Cr
FEDERALBNK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,158
−1,557
3,431
−5,051
7,873
3,731
11,179
−7,774
489
6,431
8,801
4,349
Investing
−1,364
1,990
−2,384
−1,579
−3,378
−4,688
−3,913
901
−9,860
−8,912
−3,799
−11,118
Financing
−3,544
205
985
8,371
−3,637
3,661
−208
8,193
6,038
3,871
7,401
2,069
Net Cash Flow
250
639
2,032
1,741
858
2,704
7,058
1,320
−3,332
1,390
12,403
−4,700
Free Cash Flow
5,039
−1,717
3,338
−5,145
7,750
3,585
11,053
−8,062
8
6,114
8,050
4,063

Ratios

FEDERALBNK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
15%
6%
10%
9%
10%
11%
11%
11%
15%
15%
13%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Federal Bank insights

90 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 49.28%
  • FIIs 28.55%
  • Public 15.92%
  • Others 6.25%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Federal Bank

What does Federal Bank Ltd do?
The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.
Where is Federal Bank Ltd (FEDERALBNK) listed?
Federal Bank Ltd trades as FEDERALBNK on the NSE and under code 500469 on the BSE.
Which sector does Federal Bank Ltd belong to?
Federal Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of Federal Bank Ltd?
Federal Bank Ltd trades at a PE ratio of 15.94 as of 4 Nov 2026, on earnings per share of ₹21.03, against a book value of ₹166.62 per share.
What is the 52-week high and low of Federal Bank Ltd?
Over the last 52 weeks Federal Bank Ltd has traded between ₹232.42 and ₹371.7 as of 4 Nov 2026.
Does Federal Bank Ltd pay dividends?
Federal Bank Ltd has a dividend yield of 0.36%.
What is the Return on Equity (ROE) of Federal Bank Ltd?
Federal Bank Ltd reported a return on equity of 11.60%.

Company Information

The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business. It is the second-largest bank and the largest private sector bank in Kerala

Website federalbank.co.in
CEO Mr. Krishnan Venkat Subramanian
Employees 15,545
Listed 8 Feb 1995
Face Value ₹2

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