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Indian Bank

INDIANB NSE
₹854.00 +4.35 (+0.51%)
P/E
8.70
View as Markdown
MCP
Close 4 Nov 2026 ₹854.00 −11.80 −1.36% 1Y
Start ₹865.80

Key Fundamentals

LargecapBanksFinancial Services

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

EPS (TTM)
₹98.13
Book Value
₹592.40
Market Cap
—
P/E (TTM)
8.70
P/B
1.44
ROE
15.40%
Dividend Yield
2.15%
52W High
₹1,000.90
52W Low
₹764.05
Day Range
₹845.60 – ₹859.45
Volume
25,67,238
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 › Public Sector Bank

Indian Bank peer comparison
SBI
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank (this company)
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
Median 7 companies₹183.896.98₹1,25,618 Cr1.022.73%15.40%—₹1,30,895 Cr₹20,314 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

60 Good

Data confidence 100/100

Category scores

Quality
65
Good
Returns, margins, earnings quality 22% weight
Valuation
63
Good
Cheap vs sector & own history 24% weight
Growth
73
Strong
Sales & profit trajectory 9% weight
Financial Health
76
Strong
Solvency, leverage, coverage 9% weight
Momentum
40
Weak
Trend strength, vol-adjusted 12% weight
Ownership
55
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

Strengths

2
  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.9%

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.5% over past five years.
  • Contingent liabilities of Rs.2,66,319 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2710
OscillatorsNeutral171
Moving AveragesStrong Bullish109

Key readings

RSI (14)
53.53
Neutral
MACD (12,26,9)
5.03
Bullish
SMA (50)
847.35
Bullish
SMA (200)
865.23
Bearish

As of

Analyst Rating

Based on 16 analysts
BUY88%

14 of 16 analysts rate Buy, 2 Hold, 0 Sell.

As of

BUY
14
88%
HOLD
2
13%
SELL
0
0%

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+15.31%
5Y+11.54%
3Y+14.49%
1Y+8.81%
TTM+11.30%

Net profit

Net profit growth by window
10Y+31.59%
5Y+30.02%
3Y+28.06%
1Y+3.93%
TTM+17.22%

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₹16,039 Cr
Mar 2018₹17,115 Cr
Mar 2019₹19,182 Cr
Mar 2020₹21,401 Cr
Mar 2021₹39,108 Cr
Mar 2022₹38,888 Cr
Mar 2023₹44,985 Cr
Mar 2024₹55,650 Cr
Mar 2025₹62,039 Cr
Mar 2026₹67,504 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,455 Cr
Mar 2018₹1,311 Cr
Mar 2019₹381 Cr
Mar 2020₹862 Cr
Mar 2021₹3,151 Cr
Mar 2022₹4,144 Cr
Mar 2023₹5,574 Cr
Mar 2024₹8,423 Cr
Mar 2025₹11,264 Cr
Mar 2026₹11,707 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹102.51 +18.0% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

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

Indian Bank trades at a P/E of 8.82 and P/B of 1.46 as of 2026-10-30, with a market cap of Rs.1,16,809 Cr. The bank has delivered strong 30% profit CAGR over five years but faces headwinds from slow revenue growth at 11% TTM and sizeable contingent liabilities of Rs.2,66,319 Cr.

Bull Case 6
  • Strong long-term profit compounding at 30% CAGR over the last 5 years and 32% over 10 years, indicating sustained earnings momentum
  • ROE of 15.27% as of 2026-10-30 is healthy for a public sector bank, with the 3-year average ROE at 16%, reflecting improving capital efficiency
  • Dividend yield of 2.11% supported by a consistent payout ratio of 19.9%, providing a regular income component to total returns
  • Stock price CAGR of 38% over 5 years and 26% over 3 years demonstrates sustained re-rating by the market over medium to long horizons
  • P/B ratio of 1.46 is modest for a bank generating 15%+ ROE, suggesting the stock is not priced at a significant premium to book value
  • Compounded sales growth of 15% over 10 years shows the bank has been able to expand its revenue base over extended periods
Bear Case 8
  • Contingent liabilities stand at Rs.2,66,319 Cr, a substantial figure relative to the bank's market cap of Rs.1,16,809 Cr, posing a potential balance sheet risk
  • Low interest coverage ratio indicates the bank's operating earnings may not comfortably service its debt obligations, a structural vulnerability for a lending institution
  • Sales growth has been sluggish at 11% TTM and 12% over 5 years, lagging behind profit growth and raising questions about the sustainability of earnings expansion
  • Possible capitalisation of interest costs could be inflating reported profits, meaning underlying operating performance may be weaker than headline numbers suggest
  • TTM profit growth has decelerated to 12% from the 28% three-year CAGR and 30% five-year CAGR, signalling a potential earnings slowdown
  • The stock is trading at Rs.865.5, roughly 13.5% below its 52-week high of Rs.1,000.9, indicating the market has pulled back from recent peaks
  • One-year stock CAGR of just 5% suggests recent price momentum has weakened considerably compared to the 26% three-year and 38% five-year CAGRs
  • ROCE at 5.75% is relatively low, reflecting the capital-intensive nature of banking and limited returns on total capital employed

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

AI News Digest

9h ago

TL;DR: Indian Bank delivered a strong Q2FY27 with 15% profit growth, sharply improving asset quality (GNPA at 1.61%, NNPA at 0.14%), and raised forward guidance on both credit and NIM expansion. Key risks include declining CRAR, elevated ECL provisioning needs, and slight CASA erosion, though the ₹7,000 crore bond raise should address capital concerns. Multiple brokerages have aligned on buy ratings with ₹1,000+ targets, reflecting confidence in the bank's earnings trajectory. The trend is broadly improving, but margin sustainability in a rising rate environment and the pace of ECL absorption bear watching over the next two quarters.

Headwinds 4
  • CRAR declines to 16.21% Oct 15

    Capital to Risk-Weighted Assets Ratio fell to 16.21% from 17.31% YoY, indicating capital consumption from rapid loan growth.

  • Provisions surge on ECL norms Oct 15

    Provisions and contingencies (ex-tax) jumped to ₹2,222 crore in Q2FY27 from ₹739 crore a year ago, driven by ECL transition requirements with ₹10 billion in residual provisions still expected.

  • CASA ratio slips slightly Oct 16

    Domestic CASA ratio edged down to 39.4% from 39.7% in Q1FY27, a modest but notable decline in low-cost deposit share.

Positives 5
  • Q2 profit up 15% YoY Oct 15

    Standalone net profit rose 15% YoY to ₹3,462 crore, beating analyst estimates, with NII up 17.8% to ₹7,719 crore and operating profit surging to ₹7,090 crore.

  • Asset quality improves sharply Oct 15

    GNPA declined to 1.61% from 2.60% YoY, NNPA eased to 0.14%, and PCR stood at 98.2% with slippages falling to ₹12 billion from ₹13 billion QoQ.

  • Management raises growth guidance Oct 16

    FY27 advances growth guidance raised to 13-14%, deposit growth to 11-12%, with 5-7 bps NIM expansion expected in Q3FY27 from repo-rate transmission.

Neutral 2
  • EV charging lending scheme launched Nov 1

    Indian Bank launched 'IND Green Charge' targeting ₹100 crore in EV charging infra lending for the remaining FY27 and ₹250 crore for FY28, with loans up to ₹10 crore for 8-year tenures.

  • RBI hikes repo rate to 5.50% Oct 22

    RBI unanimously raised the repo rate by 25 bps to 5.50% on Oct 7, the first hike in nearly four years, with stance shifted to calibrated tightening amid 37% of commodities seeing inflation above 4%.

Quarterly Results

₹ Cr
INDIANB quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
13,764
14,203
14,633
15,041
15,369
15,770
15,860
16,285
16,628
17,102
17,488
18,095
19,149
Expenses
5,150
5,158
5,378
4,994
5,144
5,102
5,097
4,880
5,108
5,492
5,811
5,946
7,099
Financing Profit
611
661
646
1,186
1,072
1,323
1,295
1,481
1,480
1,407
1,305
1,492
661
Fin. Margin %
4%
5%
4%
8%
7%
8%
8%
9%
9%
8%
7%
8%
3%
Other Income
2,166
2,113
2,432
2,077
2,602
2,397
2,935
1,854
2,643
2,793
2,773
2,902
4,187
Interest
8,003
8,383
8,609
8,861
9,154
9,345
9,467
9,924
10,040
10,203
10,372
10,657
11,389
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
2,777
2,774
3,078
3,263
3,674
3,721
4,230
3,335
4,123
4,199
4,078
4,394
4,848
Tax %
28%
23%
27%
26%
25%
23%
30%
33%
26%
27%
24%
25%
29%
Net Profit
2,008
2,136
2,260
2,417
2,740
2,876
2,961
2,277
3,041
3,086
3,174
3,299
3,447
EPS (₹)
16.61
16.37
17.04
19.08
20.79
21.6
22.14
16.9
23.07
23.36
23.56
24.92
26.29
Gross NPA %
4.97%
4.47%
3.95%
3.77%
3.48%
3.26%
3.09%
3.01%
2.6%
2.23%
1.98%
1.86%
1.61%
Net NPA %
0.6%
0.53%
0.43%
0.39%
0.27%
0.21%
0.19%
0.18%
0.16%
0.15%
0.15%
0.15%
0.14%

Profit & Loss

₹ Cr
INDIANB profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
15,853
16,244
16,039
17,115
19,182
21,401
39,108
38,888
44,985
55,650
62,039
67,504
71,835
Expenses
4,219
5,128
6,144
6,998
8,289
9,238
18,029
20,285
21,577
20,342
19,818
20,710
24,349
Financing Profit
245
−679
−996
−734
−1,273
−1,634
−2,360
−3,526
−1,309
2,967
5,395
6,255
4,865
Fin. Margin %
2%
−4%
−6%
−4%
−7%
−8%
−6%
−9%
−3%
5%
9%
9%
7%
Other Income
1,372
1,789
2,222
2,417
1,891
3,326
6,111
7,380
7,804
8,582
10,011
10,829
12,655
Interest
11,390
11,795
10,891
10,851
12,167
13,798
23,439
22,129
24,717
32,341
36,826
40,539
42,620
Depreciation
139
151
166
237
259
314
637
601
532
531
543
609
0
PBT
1,478
958
1,060
1,445
359
1,377
3,115
3,253
5,963
11,017
14,864
16,475
17,520
Tax %
31%
25%
−33%
13%
11%
45%
3%
−23%
11%
26%
26%
26%
—
Net Profit
1,051
752
1,455
1,311
381
862
3,151
4,144
5,574
8,423
10,995
11,707
13,220
EPS (₹)
21.84
15.64
30.25
27.29
7.91
14.15
27.88
33.26
44.74
62.51
83.61
86.89
98.13
Div. Payout %
19%
10%
20%
0%
0%
0%
7%
20%
19%
19%
19%
21%
—

Balance Sheet

₹ Cr
INDIANB balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
480
480
480
480
480
609
1,129
1,245
1,245
1,347
1,347
1,347
1,347
Reserves
14,549
16,010
16,954
18,235
19,235
22,159
38,329
43,706
48,261
58,901
70,166
78,696
85,515
Borrowing
2,646
3,509
12,637
19,760
12,138
20,830
24,763
17,218
22,092
23,143
41,552
46,807
77,299
Deposits
1,69,204
1,78,259
1,82,480
2,08,262
2,42,041
2,60,184
5,38,030
5,93,571
6,21,123
6,87,953
7,37,098
8,27,654
8,73,958
Other Liabilities
6,156
5,683
5,957
6,244
6,494
6,359
23,285
18,356
20,612
24,365
26,875
37,049
36,421
Total Liabilities
1,93,036
2,03,941
2,18,507
2,52,981
2,80,388
3,10,141
6,25,535
6,74,096
7,13,334
7,95,709
8,77,039
9,91,553
10,74,541
Fixed Assets
2,969
3,508
3,436
3,421
3,964
3,898
7,392
7,694
7,472
7,538
8,854
8,674
8,577
CWIP
5
8
11
1
1
1
0
5
9
2
3
3
0
Investments
46,060
53,283
67,781
71,619
65,272
81,871
1,78,292
1,76,502
1,88,366
2,15,242
2,28,421
2,47,682
2,57,964
Other Assets
1,44,001
1,47,143
1,47,280
1,77,940
2,11,152
2,24,371
4,39,850
4,89,896
5,17,487
5,72,927
6,39,760
7,35,194
8,08,000
Total Assets
1,93,036
2,03,941
2,18,507
2,52,981
2,80,388
3,10,141
6,25,535
6,74,096
7,13,334
7,95,709
8,77,039
9,91,553
10,74,541

Cash Flow

₹ Cr
INDIANB cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,136
−931
−10,814
−3,676
6,270
−8,396
17,065
28,750
−27,894
−8,617
17,396
18,815
Investing
−236
−772
−179
−214
−176
−247
21,233
−305
−314
−618
−348
−428
Financing
−2,312
620
9,041
6,776
1,000
2,552
1,866
18
−1,543
1,195
−4,264
−7,649
Net Cash Flow
2,588
−1,082
−1,952
2,886
7,094
−6,091
40,163
28,464
−29,751
−8,040
12,784
10,738
Free Cash Flow
4,899
−1,702
−10,993
−3,890
6,021
−8,644
16,520
28,446
−28,208
−9,235
17,048
18,387

Ratios

INDIANB financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
7%
5%
9%
7%
2%
4%
10%
10%
12%
15%
17%
15%

Insights

Beta

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

Log in to view Indian Bank insights

85 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.84%
  • DIIs 16.77%
  • FIIs 6.86%
  • Public 1.99%
  • Others 0.55%

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 Indian Bank

What does Indian Bank do?
Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.
Where is Indian Bank (INDIANB) listed?
Indian Bank trades as INDIANB on the NSE and under code 532814 on the BSE.
Which sector does Indian Bank belong to?
Indian Bank is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of Indian Bank?
Indian Bank trades at a PE ratio of 8.70 as of 4 Nov 2026, on earnings per share of ₹98.13, against a book value of ₹592.4 per share.
What is the 52-week high and low of Indian Bank?
Over the last 52 weeks Indian Bank has traded between ₹764.05 and ₹1,000.9 as of 4 Nov 2026.
Does Indian Bank pay dividends?
Indian Bank has a dividend yield of 2.15%.
What is the Return on Equity (ROE) of Indian Bank?
Indian Bank reported a return on equity of 15.40%.

Company Information

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Website indianbank.in
CEO Mr. Binod Kumar
Employees 40,071
Listed 1 Mar 2007
Face Value ₹10

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