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Indian Overseas Bank

IOB NSE
₹30.00 +0.68 (+2.32%)
P/E
10.03
View as Markdown
MCP
Close 4 Nov 2026 ₹30.00 −8.72 −22.5% 1Y
Start ₹38.72

Key Fundamentals

MidcapBanksFinancial Services

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

EPS (TTM)
₹2.99
Book Value
₹19.16
Market Cap
—
P/E (TTM)
10.03
P/B
1.57
ROE
14.90%
Dividend Yield
0.00%
52W High
₹40.74
52W Low
₹28.32
Day Range
₹29.06 – ₹30.10
Volume
34,13,210
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 Overseas 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
₹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
Indian Overseas Bank (this company)
₹30.0010.03₹57,211 Cr1.570.00%14.90%—₹33,288 Cr₹5,755 Cr
Median 8 companies₹153.167.55₹1,20,115 Cr1.222.61%15.40%—₹1,20,098 Cr₹19,354 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

50 Average

Data confidence 100/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
44
Weak
Cheap vs sector & own history 24% weight
Growth
86
Strong
Sales & profit trajectory 9% weight
Financial Health
55
Average
Solvency, leverage, coverage 9% weight
Momentum
19
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
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

1
  • Company has delivered good profit growth of 44.4% CAGR over last 5 years

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.2% over last 3 years.
  • Contingent liabilities of Rs.1,71,517 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBearish261
Moving AveragesStrong Bearish802

Key readings

RSI (14)
47.37
Neutral
MACD (12,26,9)
−0.62
Bullish
SMA (50)
31.42
Bearish
SMA (200)
33.53
Bearish

As of

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 Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.09%
5Y+13.46%
3Y+18.03%
1Y+13.38%
TTM+14.85%

Net profit

Net profit growth by window
10YTurned to profit
5Y+44.35%
3Y+35.38%
1Y+56.16%
TTM+50.93%

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₹19,719 Cr
Mar 2018₹17,915 Cr
Mar 2019₹17,631 Cr
Mar 2020₹17,406 Cr
Mar 2021₹16,966 Cr
Mar 2022₹16,730 Cr
Mar 2023₹19,400 Cr
Mar 2024₹24,050 Cr
Mar 2025₹28,131 Cr
Mar 2026₹31,896 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹3,417 Cr
Mar 2018−₹6,299 Cr
Mar 2019−₹3,738 Cr
Mar 2020−₹8,527 Cr
Mar 2021₹831 Cr
Mar 2022₹1,710 Cr
Mar 2023₹2,099 Cr
Mar 2024₹2,656 Cr
Mar 2025₹3,335 Cr
Mar 2026₹5,208 Cr

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk high

Indian Overseas Bank trades at ₹29.25 as of 2026-10-29 with a market cap of ₹56,326 Cr, a P/E of 9.78x, and a P/B of 1.53x. The bank has delivered strong profit growth of 44% CAGR over 5 years and TTM profit growth of 51%, but carries contingent liabilities of ₹1,71,517 Cr and pays no dividend despite repeated profitability.

Bull Case 7
  • Compounded profit growth of 44% CAGR over 5 years and 51% TTM profit growth indicate a strong earnings recovery trajectory
  • P/E of 9.78x is modest for a public sector bank, suggesting the market has not fully priced in the earnings turnaround
  • ROE has improved from a negative 10-year average of -3% to 15% in the last year, reflecting a meaningful structural improvement in profitability
  • Compounded sales growth of 15% TTM and 18% over 3 years shows healthy top-line momentum and expanding loan book
  • P/B of 1.53x is reasonable given the improving return profile, with last-year ROE at 14.65% now comfortably above book value cost
  • 3-year ROE of 12% and 5-year ROE of 11% show the profitability recovery is sustained and not a one-off event
  • Stock is trading near its 52-week low of ₹28.32, down 29% from its 52-week high of ₹41.29, which has compressed valuation multiples significantly
Bear Case 8
  • Contingent liabilities of ₹1,71,517 Cr are roughly 3x the bank's market cap of ₹56,326 Cr, posing a material risk if even a fraction crystallizes
  • Zero dividend yield despite repeated profitability suggests the bank needs to retain capital to shore up its balance sheet rather than reward shareholders
  • Low interest coverage ratio indicates the bank's core earnings may be insufficient to comfortably service its obligations
  • Stock CAGR of -24% over 1 year and -9% over 3 years shows sustained value destruction for shareholders despite improving fundamentals
  • 10-year ROE averaging -3% reflects a long history of losses and capital erosion that the recent recovery has not yet fully offset
  • ROCE of just 5.46% is low, suggesting the bank's overall capital deployment efficiency remains weak relative to its cost of capital
  • Potential capitalisation of interest costs could mean reported profits overstate true economic earnings, raising questions about the quality of the 51% TTM profit growth
  • 10-year compounded sales growth of only 3% indicates the bank has structurally lagged the broader banking sector's loan growth over a full cycle

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

AI News Digest

9h ago

TL;DR: IOB delivered a standout Q2 FY27 with 56% profit growth, though roughly half stems from a temporary low tax rate that will normalize. The underlying story is strong — 24% loan growth, system-best asset quality with 0.07% slippage ratio, expanding NIMs, and impressive operating leverage driving cost-to-income below 41%. Key risks are capital consumption from rapid growth and the upcoming ECL transition, both being proactively managed via a ₹5,000 crore planned equity raise and front-loaded provisioning. The operational turnaround trend is firmly positive, but investors should calibrate expectations for headline profit growth to moderate as the tax tailwind fades.

Headwinds 4
  • Tax benefit likely temporary Oct 26

    Effective tax rate collapsed from ~29% to ~7.5% in Q2 FY27, accounting for roughly half the 56% profit jump. As accumulated losses are wiped out, tax rate is expected to normalize, pulling headline profit growth closer to 20-26%.

  • Capital adequacy dipping on growth Oct 26

    CRAR fell to 18.60% from 19.36% QoQ as risk-weighted assets grew 7.7% versus capital growth of ~3.5%. The planned ₹5,000 crore equity raise could dilute government holding by ~6 percentage points from 92.44%.

  • Provisions rising sharply Oct 26

    Total provisions rose 41.2% YoY to ₹950 crore in Q2, running at ~1.1% of advances annualized versus management guidance of 0.35-0.40%. ECL transition requires an estimated ₹2,600-2,800 crore in additional buffers, though ~₹2,700 crore has already been built.

Positives 7
  • Q2 profit surges 56% YoY Oct 26

    Net profit jumped 56% YoY to ₹1,912 crore in Q2 FY27, with NII up 26.4% to ₹3,867 crore and PPOP rising 25.7% to ₹3,016 crore. H1 FY27 net profit rose 53% to ₹3,572 crore.

  • Asset quality at system-best levels Oct 26

    GNPA ratio improved to 1.19% from 1.83% YoY, NNPA at just 0.16%, and slippage ratio fell to 0.07%. Recoveries at ₹647 crore were 2.95x quarterly slippages of ₹240 crore.

  • Advances growing 24% with RAM focus Oct 26

    Global advances surged 24.35% YoY to ₹3.46 trillion led by retail credit up 33.77%, agriculture up 47.31%, and MSME up 13.8%. Corporate pipeline of ₹20,000 crore expected 80-90% disbursed by fiscal end.

Neutral 4
  • New CFO appointed from Nov 1 Oct 27

    Board appointed Akshit Choudhary as CFO effective November 1, 2026, replacing Madhaw Chandra Jha. Choudhary is a Chartered Accountant with 15+ years of experience across banking, treasury, and audit functions.

  • SEBI nod for employee share plan Oct 20

    SEBI approved issuance of 10 crore fresh equity shares to employees via ESPS, aimed at helping comply with minimum public shareholding norms.

  • One-year MCLR revised to 8.90% Oct 12

    IOB updated its one-year MCLR to 8.90% effective October 15, 2026. The one-year MCLR serves as the benchmark for floating-rate loan pricing.

Quarterly Results

₹ Cr
IOB quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
5,424
5,821
6,176
6,629
6,535
6,851
7,112
7,634
7,386
7,849
8,172
8,489
8,778
Expenses
2,618
2,827
2,581
4,047
2,736
3,189
2,849
3,150
2,713
2,697
3,430
3,102
3,989
Financing Profit
−296
−481
−183
−1,284
−295
−652
−60
−27
33
362
−132
368
−301
Fin. Margin %
−5%
−8%
−3%
−19%
−5%
−10%
−1%
0%
0%
5%
−2%
4%
−3%
Other Income
803
1,114
1,262
2,477
1,033
1,633
1,298
1,581
1,481
1,365
1,499
1,291
2,160
Interest
3,102
3,475
3,778
3,866
4,094
4,313
4,323
4,511
4,639
4,790
4,874
5,019
5,090
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
507
633
1,079
1,193
738
982
1,237
1,554
1,514
1,728
1,367
1,659
1,859
Tax %
1%
1%
33%
32%
14%
21%
29%
32%
27%
29%
0%
9%
11%
Net Profit
500
625
723
808
633
777
874
1,051
1,111
1,226
1,365
1,505
1,659
EPS (₹)
0.26
0.33
0.38
0.43
0.33
0.41
0.46
0.55
0.58
0.64
0.71
0.78
0.86
Gross NPA %
7.13%
4.74%
3.9%
3.1%
2.89%
2.72%
2.55%
2.14%
1.97%
1.83%
1.54%
1.42%
1.33%
Net NPA %
1.44%
0.68%
0.62%
0.57%
0.51%
0.47%
0.42%
0.37%
0.32%
0.28%
0.24%
0.21%
0.18%

Profit & Loss

₹ Cr
IOB profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
23,938
23,517
19,719
17,915
17,631
17,406
16,966
16,730
19,400
24,050
28,131
31,896
33,288
Expenses
7,262
11,443
11,728
17,573
15,142
16,706
10,360
9,263
9,756
11,737
11,529
11,421
13,218
Financing Profit
−1,878
−6,060
−6,539
−12,106
−9,863
−11,404
−4,461
−2,952
−1,501
−1,908
−639
1,153
297
Fin. Margin %
−8%
−26%
−33%
−68%
−56%
−66%
−26%
−18%
−8%
−8%
−2%
4%
1%
Other Income
2,139
2,528
3,373
3,746
4,206
3,360
5,559
4,903
4,109
5,656
5,545
5,636
6,316
Interest
18,554
18,135
14,529
12,448
12,352
12,103
11,067
10,419
11,145
14,220
17,241
19,322
19,773
Depreciation
149
196
215
272
304
301
258
172
260
336
394
521
0
PBT
111
−3,728
−3,381
−8,632
−5,961
−8,344
840
1,779
2,348
3,413
4,512
6,268
6,613
Tax %
508%
−22%
1%
−27%
−37%
2%
1%
4%
11%
22%
26%
17%
—
Net Profit
−454
−2,897
−3,417
−6,299
−3,738
−8,527
831
1,710
2,099
2,656
3,335
5,208
5,756
EPS (₹)
−3.68
−16.03
−13.92
−12.88
−4.09
−5.19
0.51
0.9
1.11
1.4
1.73
2.7
2.99
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
IOB balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,235
1,807
2,455
4,891
9,142
16,437
16,437
18,902
18,902
18,902
19,257
19,257
Reserves
14,406
13,859
11,290
8,383
7,218
−282
508
4,098
6,361
9,040
13,284
18,259
Borrowing
10,830
27,183
16,098
9,228
6,146
5,420
3,672
3,071
20,804
30,387
42,228
51,603
Deposits
2,53,451
2,24,514
2,11,343
2,16,832
2,22,534
2,22,952
2,40,288
2,62,159
2,60,883
2,85,905
3,11,204
3,68,191
Other Liabilities
5,715
7,073
5,983
8,634
4,968
16,200
13,106
11,147
6,784
7,799
9,044
16,011
Total Liabilities
2,85,637
2,74,437
2,47,167
2,47,968
2,50,008
2,60,727
2,74,010
2,99,377
3,13,734
3,52,034
3,95,017
4,73,320
Fixed Assets
2,462
3,218
3,002
2,838
3,321
3,124
2,918
3,365
3,710
3,725
4,581
5,007
CWIP
45
52
53
56
16
3
1
0
0
14
74
67
Investments
79,298
79,190
71,654
68,646
66,932
79,416
95,494
98,179
94,170
99,632
1,11,045
1,19,810
Other Assets
2,03,832
1,91,977
1,72,459
1,76,429
1,79,739
1,78,183
1,75,597
1,97,833
2,15,854
2,48,662
2,79,317
3,48,436
Total Assets
2,85,637
2,74,437
2,47,167
2,47,968
2,50,008
2,60,727
2,74,010
2,99,377
3,13,734
3,52,034
3,95,017
4,73,320

Cash Flow

₹ Cr
IOB cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,941
−3,091
−505
−1,999
−786
−14,023
4,949
5,566
−15,595
−1,165
2,771
5,502
Investing
−164
−254
−135
−110
−647
−85
−46
−48
−559
−359
−565
−639
Financing
113
692
1,617
5,430
5,780
7,277
1,813
479
−12
−528
310
−710
Net Cash Flow
5,890
−2,652
977
3,322
4,347
−6,831
6,716
5,997
−16,166
−2,052
2,516
4,152
Free Cash Flow
5,783
−3,345
−640
−2,108
−1,433
−14,108
4,903
5,518
−16,155
−1,525
2,205
4,863

Ratios

IOB financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
−3%
−19%
−23%
−47%
−26%
−52%
5%
9%
9%
10%
11%
15%

Insights

Beta

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

Log in to view Indian Overseas Bank insights

83 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 92.44%
  • DIIs 4.29%
  • Public 2.39%
  • FIIs 0.48%
  • Others 0.40%

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 Overseas Bank

What does Indian Overseas Bank do?
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
Where is Indian Overseas Bank (IOB) listed?
Indian Overseas Bank trades as IOB on the NSE and under code 532388 on the BSE.
Which sector does Indian Overseas Bank belong to?
Indian Overseas Bank is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of Indian Overseas Bank?
Indian Overseas Bank trades at a PE ratio of 10.03 as of 4 Nov 2026, on earnings per share of ₹2.99, against a book value of ₹19.16 per share.
What is the 52-week high and low of Indian Overseas Bank?
Over the last 52 weeks Indian Overseas Bank has traded between ₹28.32 and ₹40.74 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Indian Overseas Bank?
Indian Overseas Bank reported a return on equity of 14.90%.

Company Information

Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.

Website iob.in
CEO Mr. Ajay Kumar Srivastava
Employees 20,966
Listed 7 Dec 2000
Face Value ₹10

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