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Jammu and Kashmir Bank

J&KBANK NSE
₹121.23 +0.41 (+0.34%)
P/E
5.80
View as Markdown
MCP
Close 4 Nov 2026 ₹121.23 +18.48 +18.0% 1Y
Start ₹102.75

Key Fundamentals

MicrocapBanksFinancial Services

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

EPS (TTM)
₹20.91
Book Value
₹145.51
Market Cap
—
P/E (TTM)
5.80
P/B
0.83
ROE
15.40%
Dividend Yield
1.78%
52W High
₹201.75
52W Low
₹97.35
Day Range
₹119.55 – ₹121.60
Volume
15,89,113
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

Tapetide Score

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

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
45
Weak
Sales & profit trajectory 9% weight
Financial Health
68
Strong
Solvency, leverage, coverage 9% weight
Momentum
18
Poor
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

Strengths

2
  • Stock is trading at 0.90 times its book value
  • Company has delivered good profit growth of 40.7% CAGR over last 5 years

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Contingent liabilities of Rs.7,878 Cr.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.01%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1162
OscillatorsBearish261
Moving AveragesStrong Bearish901

Key readings

RSI (14)
38.05
Neutral
MACD (12,26,9)
−6.31
Bearish
SMA (50)
139.39
Bearish
SMA (200)
136.68
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
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 Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+6.75%
5Y+10.15%
3Y+12.02%
1Y+4.86%
TTM+4.78%

Net profit

Net profit growth by window
10Y+19.01%
5Y+40.70%
3Y+25.96%
1Y+13.35%
TTM+7.21%

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₹6,686 Cr
Mar 2018₹6,621 Cr
Mar 2019₹7,676 Cr
Mar 2020₹8,446 Cr
Mar 2021₹8,111 Cr
Mar 2022₹8,013 Cr
Mar 2023₹9,355 Cr
Mar 2024₹11,213 Cr
Mar 2025₹12,541 Cr
Mar 2026₹13,151 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1,633 Cr
Mar 2018₹203 Cr
Mar 2019₹464 Cr
Mar 2020−₹1,183 Cr
Mar 2021₹428 Cr
Mar 2022₹495 Cr
Mar 2023₹1,181 Cr
Mar 2024₹1,771 Cr
Mar 2025₹2,082 Cr
Mar 2026₹2,360 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹22.60 +5.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

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

Jammu & Kashmir Bank Ltd trades at ₹122.25 as of 2026-10-29 with a market cap of ₹13,462 Cr, a P/E of 5.85x and P/B of 0.84x — well below typical banking-sector averages. The bank has delivered strong 5-year profit CAGR of 41% but revenue growth has been modest at 10% over the same period, and the stock sits roughly 39% below its 52-week high of ₹201.75.

Bull Case 8
  • Trades at a P/B of just 0.84x book value, indicating the market is pricing the stock below its net asset base
  • P/E (TTM) of 5.85x is significantly below the banking sector median, suggesting compressed earnings multiples relative to peers
  • Compounded profit growth of 41% CAGR over 5 years demonstrates a sharp earnings recovery trajectory
  • 3-year ROE averages 16% and last-year ROE stands at 15%, pointing to consistent and above-cost-of-equity returns
  • Dividend yield of 1.76% offers a reasonable income component compared to many mid-cap banking peers
  • EPS (TTM) of ₹20.91 against a price of ₹122.25 implies an earnings yield of ~17%, well above risk-free rates
  • Stock has compounded at 29% CAGR over 5 years, reflecting meaningful long-term shareholder value creation
  • 10-year compounded profit CAGR of 19% indicates the bank has navigated multiple credit cycles while growing earnings
Bear Case 8
  • Revenue growth has been sluggish at just 10% CAGR over 5 years and has decelerated to 5% TTM, raising questions about franchise expansion
  • Contingent liabilities of ₹7,878 Cr represent a material off-balance-sheet risk relative to the ₹13,462 Cr market cap
  • Low interest coverage ratio signals vulnerability to margin compression or rising funding costs
  • Promoter holding has declined by 4.01% over the last 3 years, which may reflect dilution or reduced promoter confidence
  • Stock is trading at ₹122.25, roughly 39% below its 52-week high of ₹201.75, indicating sustained selling pressure or de-rating
  • Potential capitalisation of interest costs could mean reported profits overstate true operating performance
  • 10-year ROE averages only 7%, suggesting the recent 15-16% ROE improvement may not be structurally durable
  • ROCE of 5.42% is modest and indicates limited efficiency in deploying total capital employed

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

AI News Digest

9h ago

TL;DR: J&K Bank is firing on most cylinders — record FY26 profit of ₹2,363 crore, strong Q2FY27 earnings growth, and asset quality at decadal bests with GNPA at 2.23%. The PNB MetLife stake sale adds ₹120 crore from non-core assets. The key risk is NIM compression to 3.22%, which bears watching if the trend continues. Overall momentum is positive, but margin trajectory in coming quarters will be critical to sustaining earnings growth.

Headwinds 1
  • NIM compression in Q2FY27 Oct 22

    Net interest margin compressed to 3.22% in Q2FY27, signaling potential pressure on core lending profitability going forward.

Positives 3
  • Record annual profit in FY26 Oct 21

    J&K Bank reported its highest-ever annual profit of ₹2,363.47 crore for FY26, with total business reaching ₹2.90 lakh crore.

  • Q2FY27 profit up 29% QoQ Oct 22

    Net profit jumped 29% sequentially to ₹546 crore in Q2FY27, with asset quality at decadal bests as GNPA fell to 2.23%.

  • PNB MetLife stake sale at ₹120 crore Oct 16

    Completed sale of 0.5% stake in PNB MetLife on October 16 for ₹120.10 crore at ₹117.20 per share, unlocking value from non-core holdings.

Neutral 1
  • Related party transactions at ₹82.51 crore Oct 22

    H1FY27 related party transactions totaled ₹82.51 crore, with ₹76.93 crore in interest paid to associate J&K Grameen Bank and ₹2.95 crore as KMP remuneration.

Quarterly Results

₹ Cr
J&KBANK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
2,657
2,764
2,881
2,910
2,994
3,124
3,210
3,213
3,269
3,293
3,315
3,273
3,547
Expenses
1,062
982
906
705
954
980
996
1,075
1,061
958
964
889
1,095
Financing Profit
221
352
375
602
415
456
516
406
406
477
527
600
403
Fin. Margin %
8%
13%
13%
21%
14%
15%
16%
13%
12%
14%
16%
18%
11%
Other Income
230
193
186
229
198
301
242
403
253
157
280
262
217
Interest
1,374
1,430
1,600
1,604
1,625
1,687
1,697
1,732
1,803
1,858
1,824
1,784
2,049
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
452
545
561
830
614
757
758
810
659
635
807
862
621
Tax %
28%
30%
25%
23%
32%
27%
30%
28%
26%
22%
27%
7%
31%
Net Profit
331
384
423
633
418
553
529
585
485
495
581
799
429
EPS (₹)
3.21
3.72
3.84
5.75
3.8
5.02
4.8
5.28
4.4
4.49
5.28
7.25
3.89

Profit & Loss

₹ Cr
J&KBANK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
7,061
6,844
6,686
6,621
7,676
8,446
8,111
8,013
9,355
11,213
12,541
13,151
13,429
Expenses
2,336
2,466
4,431
3,154
3,439
5,234
3,802
3,774
3,567
3,437
3,834
3,741
3,907
Financing Profit
316
245
−1,919
−283
−55
−1,527
−30
137
1,178
1,768
1,966
2,141
2,007
Fin. Margin %
4%
4%
−29%
−4%
−1%
−18%
0%
2%
13%
16%
16%
16%
15%
Other Income
599
509
497
501
817
509
701
753
765
838
1,140
951
918
Interest
4,409
4,132
4,173
3,750
4,291
4,739
4,340
4,101
4,609
6,008
6,741
7,269
7,515
Depreciation
95
64
85
97
104
126
134
144
158
218
168
128
0
PBT
820
689
−1,507
121
659
−1,144
537
747
1,786
2,388
2,939
2,964
2,925
Tax %
38%
40%
8%
−68%
30%
3%
19%
32%
33%
26%
29%
20%
—
Net Profit
508
414
−1,633
203
464
−1,183
428
495
1,181
1,771
2,086
2,368
2,304
EPS (₹)
10.49
8.54
−31.32
3.64
8.33
−16.59
6.01
5.3
11.44
16.08
18.91
21.43
20.91
Div. Payout %
20%
20%
0%
0%
0%
0%
0%
0%
4%
13%
11%
0%
—

Balance Sheet

₹ Cr
J&KBANK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
48
48
52
56
56
71
71
93
103
110
110
110
Reserves
6,060
6,372
5,621
6,102
6,566
6,274
6,731
7,984
9,793
12,083
14,098
16,390
Borrowing
1,740
2,240
1,276
1,628
2,624
2,020
2,015
2,371
2,892
2,885
2,383
3,431
Deposits
66,336
69,379
72,459
80,005
89,637
97,786
1,08,047
1,14,703
1,22,027
1,34,765
1,48,552
1,65,342
Other Liabilities
1,726
2,214
2,604
1,894
2,522
2,678
3,408
5,425
11,097
4,662
4,280
3,687
Total Liabilities
75,910
80,254
82,012
89,684
1,01,405
1,08,829
1,20,273
1,30,576
1,45,913
1,54,505
1,69,424
1,88,960
Fixed Assets
655
706
1,479
1,598
1,646
2,036
1,971
1,908
2,224
2,208
2,126
2,445
CWIP
34
59
64
17
29
35
41
46
47
50
66
88
Investments
22,740
20,334
21,271
18,860
23,140
22,990
30,774
33,785
34,780
34,900
41,122
40,520
Other Assets
52,481
59,156
59,198
69,210
76,589
83,768
87,486
94,837
1,08,860
1,17,347
1,26,110
1,45,906
Total Assets
75,910
80,254
82,012
89,684
1,01,405
1,08,829
1,20,273
1,30,576
1,45,913
1,54,505
1,69,424
1,88,960

Cash Flow

₹ Cr
J&KBANK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
118
−219
2,457
2,363
−2,992
4,374
−14
−1,568
−407
−853
2,723
−1,126
Investing
−261
−136
−861
−164
−165
−115
−76
−85
−124
−257
−102
−302
Financing
−338
−176
593
668
769
−339
−199
941
638
407
−1,034
−500
Net Cash Flow
−480
−531
2,189
2,867
−2,388
3,920
−289
−712
107
−702
1,587
−1,928
Free Cash Flow
−131
−355
1,596
2,199
−3,156
4,259
−90
−1,653
−531
−1,038
2,621
−1,595

Ratios

J&KBANK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
9%
7%
−27%
3%
7%
−18%
7%
7%
13%
16%
16%
15%

Insights

Beta

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

Log in to view Jammu and Kashmir Bank insights

86 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 59.40%
  • Public 16.60%
  • FIIs 11.62%
  • DIIs 7.42%
  • Others 4.96%

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 Jammu and Kashmir Bank

What does Jammu and Kashmir Bank Ltd do?
Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.
Where is Jammu and Kashmir Bank Ltd (J&KBANK) listed?
Jammu and Kashmir Bank Ltd trades as J&KBANK on the NSE and under code 532209 on the BSE.
Which sector does Jammu and Kashmir Bank Ltd belong to?
Jammu and Kashmir Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of Jammu and Kashmir Bank Ltd?
Jammu and Kashmir Bank Ltd trades at a PE ratio of 5.80 as of 4 Nov 2026, on earnings per share of ₹20.91, against a book value of ₹145.51 per share.
What is the 52-week high and low of Jammu and Kashmir Bank Ltd?
Over the last 52 weeks Jammu and Kashmir Bank Ltd has traded between ₹97.35 and ₹201.75 as of 4 Nov 2026.
Does Jammu and Kashmir Bank Ltd pay dividends?
Jammu and Kashmir Bank Ltd has a dividend yield of 1.78%.
What is the Return on Equity (ROE) of Jammu and Kashmir Bank Ltd?
Jammu and Kashmir Bank Ltd reported a return on equity of 15.40%.

Company Information

Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations. It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.

Website jkb.bank.in
Listed 22 Jul 1998
Face Value ₹1

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