Bandhan Bank Ltd
BANDHANBNK NSE
Bandhan Bank Ltd
Banks F&ONSE: BANDHANBNK BSE: 541153 Private Bank
Key Fundamentals
SmallcapPrivate BankBanksMarket Cap
₹28,014 Cr
Volatility
Moderate
P/E Ratio
20.95
EBITDA
₹2,038 Cr
Return on Equity
4.78%
Debt to Equity
0
Book Value
₹156.77
EPS
₹15.97
52W High
₹220.76
52W Low
₹134.25
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bandhan Bank Ltd insights
54 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Stock is trading at 1.11 times its book value
- Company's working capital requirements have reduced from 92.2 days to 57.6 days
Weaknesses
6- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.44%
- The company has delivered a poor sales growth of 11.6% over past five years.
- Company has a low return on equity of 9.01% over last 3 years.
- Contingent liabilities of Rs.28,896 Cr.
- Dividend payout has been low at 13.1% of profits over last 3 years
Growth Rate
Revenue Growth
-1.97% ↘
Net Income Growth
-55.43% ↘
Cash Flow Change
-58.49% ↘
ROE
-57.17% ↘
ROCE
-18.91% ↘
EBITDA Margin (Avg.)
-8.38% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk high
Bandhan Bank trades at a market cap of Rs.28,291 Cr with a P/E of 20.6x and P/B of 1.11x. Profitability has deteriorated with TTM profit declining 34% and 3-year ROE averaging just 9%, while the bank's historical high-growth phase (10-year sales CAGR of 30%) has decelerated sharply to near-zero TTM revenue growth.
Bull Case 7
- Stock trades at just 1.07x book value, well below historical averages for private banks, suggesting limited downside from asset value perspective
- Working capital days improved significantly from 92.2 days to 57.6 days, indicating better operational efficiency and liquidity management
- 10-year compounded sales growth of 30% demonstrates the bank's proven ability to scale its franchise over longer periods
- P/E of 20.6x is relatively modest for a private sector bank with a microfinance-rooted customer base offering structural growth potential
- Dividend yield of 0.86% provides some income floor, and low 13.1% payout ratio leaves room for future dividend increases if profitability recovers
- 5-year compounded sales growth of 12% shows the bank has maintained reasonable top-line momentum despite asset quality challenges
- Market cap of Rs.28,291 Cr positions the bank as a mid-cap with potential re-rating scope if credit costs normalize
Bear Case 8
- TTM profit declined 34%, signaling severe earnings pressure from elevated credit costs or margin compression
- 3-year compounded profit growth of -18% shows sustained profitability erosion, not a one-off event
- 3-year average ROE of just 9% is well below the cost of equity for a bank with Bandhan's risk profile
- Contingent liabilities of Rs.28,896 Cr represent a material off-balance-sheet risk relative to the bank's Rs.28,291 Cr market cap
- Promoter holding decreased by 1.44% in the last quarter, indicating dilution or reduced promoter confidence
- Stock CAGR of -9% over 3 years and -11% over 5 years reflects persistent value destruction for shareholders
- Low interest coverage ratio suggests the bank's earning power is strained relative to its funding costs
- Last year ROE collapsed to just 5%, a sharp decline from the 10-year average of 12%, indicating structural profitability challenges
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 2
- Improved asset quality outlook Jul 22
Bandhan Bank expects improved Gross NPA and lower slippages, expressing confidence in growth and better asset quality per an ET interview.
- Block trades signal institutional interest Jul 22
Fresh NSE block trades executed at ~Rs. 178/share, with five earlier trades at Rs. 187.95/share, indicating institutional activity.
Neutral 5
- Investor meet in Singapore Aug 1
Bandhan Bank will hold an in-person meeting with select institutional investors and analysts in Singapore on August 6, 2026.
- AGM scheduled Aug 24 Jul 24
12th Annual General Meeting set for August 24, 2026, via video conferencing. Shareholders must update KYC and bank details.
- Q1FY27 earnings call Jul 21 Jul 20
Earnings call scheduled for July 21, 2026 at 17:30 IST to discuss Q1FY27 performance.
- 8,300 ESOPs granted to employees Jul 17
Bandhan Bank granted 8,300 stock options at Rs. 214.42 per option under ESOP Series 1 Tranche 7.
- Insider trading plan approved Jul 17
Trading plan approved for Pankaj Kumar Gupta to sell 4,068 equity shares between November 19-25, 2026.
TL;DR: Bandhan Bank is in a relatively quiet phase dominated by routine corporate actions and scheduled events. The key positive is management's confidence in improving asset quality with lower slippages and better Gross NPA, supported by institutional block trade activity. No material headwinds emerged in the period. The trend appears stable-to-improving, with the Q1FY27 earnings call and Singapore investor meet likely to provide more clarity on execution.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,523 | 4,492 | 4,665 | 5,189 | 5,536 | 5,500 | 5,479 | 5,434 | 5,476 | 5,354 | 5,431 | 5,428 | 5,631 |
| Expenses | 1,916 | 2,036 | 2,099 | 3,496 | 2,115 | 2,294 | 3,281 | 3,144 | 2,962 | 2,977 | 3,089 | 2,802 | 2,849 |
| Financing Profit | 575 | 407 | 426 | -637 | 890 | 640 | -466 | -388 | -204 | -389 | -401 | -7 | 72 |
| Fin. Margin % | 13% | 9% | 9% | -12% | 16% | 12% | -9% | -7% | -4% | -7% | -7% | 0% | 1% |
| Other Income | 385 | 540 | 545 | 701 | 528 | 609 | 1,112 | 700 | 726 | 546 | 691 | 771 | 604 |
| Interest | 2,032 | 2,049 | 2,140 | 2,330 | 2,531 | 2,566 | 2,664 | 2,678 | 2,718 | 2,765 | 2,743 | 2,633 | 2,710 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 960 | 947 | 971 | 64 | 1,418 | 1,249 | 645 | 311 | 521 | 158 | 290 | 764 | 676 |
| Tax % | 25% | 24% | 25% | 15% | 25% | 25% | 34% | -2% | 29% | 29% | 29% | 30% | 26% |
| Net Profit | 721 | 721 | 733 | 55 | 1,063 | 937 | 426 | 318 | 372 | 112 | 206 | 534 | 502 |
| EPS in Rs | 4.48 | 4.48 | 4.55 | 0.34 | 6.6 | 5.82 | 2.65 | 1.97 | 2.31 | 0.69 | 1.28 | 3.32 | 3.11 |
| Gross NPA % | 6.76% | 7.32% | 7.02% | 3.84% | 4.23% | 4.68% | 4.68% | 4.71% | 4.96% | 5.02% | 3.33% | 3.27% | 3.15% |
| Net NPA % | 2.18% | 2.32% | 2.21% | 1.11% | 1.15% | 1.29% | 1.28% | 1.28% | 1.36% | 1.37% | 0.99% | 0.97% | 0.93% |
Profit & Loss
| Mar 2015 4m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1,581 | 3,909 | 4,802 | 6,643 | 10,885 | 12,524 | 13,871 | 15,905 | 18,870 | 21,948 | 21,689 | 21,844 |
| Expenses | 6 | 633 | 1,044 | 1,597 | 2,467 | 3,739 | 6,534 | 11,298 | 8,693 | 9,310 | 10,555 | 11,526 | 11,717 |
| Financing Profit | -6 | 299 | 1,360 | 1,436 | 2,028 | 2,584 | 1,029 | -2,584 | 567 | 1,009 | 936 | -696 | -724 |
| Fin. Margin % | — | 19% | 35% | 30% | 31% | 24% | 8% | -19% | 4% | 5% | 4% | -3% | -3% |
| Other Income | 8 | 150 | 411 | 706 | 1,063 | 1,549 | 2,022 | 2,823 | 2,469 | 2,171 | 2,967 | 2,734 | 2,612 |
| Interest | 0 | 649 | 1,505 | 1,770 | 2,148 | 4,562 | 4,961 | 5,157 | 6,645 | 8,551 | 10,458 | 10,859 | 10,851 |
| Depreciation | 0 | 36 | 67 | 86 | 78 | 80 | 103 | 110 | 143 | 238 | 279 | 304 | 0 |
| PBT | 2 | 414 | 1,704 | 2,056 | 3,013 | 4,053 | 2,949 | 129 | 2,893 | 2,943 | 3,623 | 1,734 | 1,888 |
| Tax % | 75% | 33% | 35% | 35% | 35% | 25% | 25% | 2% | 24% | 24% | 24% | 29% | — |
| Net Profit | 1 | 275 | 1,112 | 1,346 | 1,952 | 3,024 | 2,205 | 126 | 2,195 | 2,230 | 2,745 | 1,224 | 1,353 |
| EPS in Rs | 0.01 | 2.51 | 10.15 | 11.28 | 16.36 | 18.78 | 13.69 | 0.78 | 13.62 | 13.84 | 17.04 | 7.6 | 8.4 |
| Div. Payout % | 0% | 0% | 0% | 9% | 18% | 0% | 7% | 0% | 11% | 11% | 9% | 20% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 501 | 1,095 | 1,095 | 1,193 | 1,193 | 1,610 | 1,611 | 1,611 | 1,611 | 1,611 | 1,611 | 1,611 |
| Reserves | 1 | 2,239 | 3,351 | 8,189 | 10,009 | 13,585 | 15,798 | 15,770 | 17,973 | 19,999 | 22,994 | 23,964 |
| Borrowing | 0 | 3,052 | 1,029 | 285 | 521 | 16,379 | 16,960 | 19,921 | 24,711 | 16,372 | 11,138 | 14,303 |
| Deposits | — | 12,089 | 23,229 | 33,869 | 43,232 | 57,082 | 77,972 | 96,331 | 1,08,065 | 1,35,202 | 1,51,212 | 1,66,344 |
| Other Liabilities | 25 | 1,282 | 1,532 | 774 | 1,487 | 3,062 | 2,675 | 5,234 | 3,677 | 4,659 | 4,520 | 4,902 |
| Total Liabilities | 527 | 19,756 | 30,236 | 44,310 | 56,442 | 91,718 | 1,15,016 | 1,38,867 | 1,56,037 | 1,77,842 | 1,91,476 | 2,11,124 |
| Fixed Assets | 0 | 237 | 252 | 238 | 222 | 347 | 432 | 415 | 509 | 959 | 855 | 931 |
| CWIP | 108 | 0 | 0 | 0 | 109 | 22 | 55 | 173 | 346 | 214 | 325 | 470 |
| Investments | 0 | 3,758 | 5,516 | 8,372 | 10,037 | 15,352 | 25,155 | 29,079 | 32,366 | 29,288 | 40,712 | 38,668 |
| Other Assets | 418 | 15,761 | 24,468 | 35,700 | 46,073 | 75,997 | 89,374 | 1,09,200 | 1,22,817 | 1,47,381 | 1,49,584 | 1,71,054 |
| Total Assets | 527 | 19,756 | 30,236 | 44,310 | 56,442 | 91,718 | 1,15,016 | 1,38,867 | 1,56,037 | 1,77,842 | 1,91,476 | 2,11,124 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | 8,885 | -2,599 | 2,695 | 6,583 | -909 | 902 | -4,245 | 14,808 | 2,752 | 1,143 |
| Investing | — | — | -2,671 | -2,237 | -2,373 | -4,187 | -1,804 | -612 | -1,618 | 1,691 | -3,879 | 317 |
| Financing | — | — | -2,023 | 2,846 | 105 | 154 | 588 | 2,803 | 4,791 | -8,579 | -5,475 | 2,923 |
| Net Cash Flow | — | — | 4,192 | -1,989 | 427 | 2,550 | -2,125 | 3,093 | -1,071 | 7,921 | -6,601 | 4,382 |
| Free Cash Flow | — | — | 8,803 | -2,671 | 2,524 | 6,481 | -1,129 | 691 | -4,654 | 14,252 | 2,466 | 616 |
| CFO/OP | — | — | 330 | -56 | 91 | 108 | 3 | 62 | -49 | 167 | 29 | 18 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 0% | 14% | 29% | 19% | 19% | 23% | 14% | 1% | 12% | 11% | 12% | 5% |
Documents
1
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
7 Aug - Allotment of Equity Shares of the Bank pursuant to exercise of Options under Bandhan Bank Employee Stock Option Plan Series 1. 7 Aug - Allotment of Equity Shares of the Bank pursuant to exercise of Options under Bandhan Bank Employee Stock Option Plan Series 1.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Public Notice, by way of Newspaper Advertisements, for Postal Ballot, remote e-voting and related matters. 7 May - Public Notice, by way of Newspaper Advertisements, for Postal Ballot, remote e-voting and related matters.
3
Announcement under Regulation 30 (LODR)-Investor Presentation
28 Apr - Earnings Update Presentation on the Audited Financial Results for the quarter and financial year ended March 31, 2026. 28 Apr - Earnings Update Presentation on the Audited Financial Results for the quarter and financial year ended March 31, 2026.
4
Audio Recordings Of The Press Conference And The Earnings Call On The Audited Financial Results For The Quarter (Q4) And Financial Year Ended March 31, 2026
28 Apr - Audio recordings of Q4 and FY26 earnings call and press conference hosted on website. 28 Apr - Audio recordings of Q4 and FY26 earnings call and press conference hosted on website.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Apr - Copies of Newspaper Publications with respect to Audited Financial Results of the Bank, for the Quarter (Q4) and Financial Year ended March 31, 2026. 29 Apr - Copies of Newspaper Publications with respect to Audited Financial Results of the Bank, for the Quarter (Q4) and Financial Year ended March 31, 2026.
Frequently Asked Questions about Bandhan Bank Ltd
What does Bandhan Bank Ltd do?
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and gener...
Where is Bandhan Bank Ltd (BANDHANBNK) listed?
Bandhan Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: BANDHANBNK and BSE: 541153. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bandhan Bank Ltd belong to?
Bandhan Bank Ltd operates in the Banks sector within the Private Bank industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bandhan Bank Ltd?
Bandhan Bank Ltd has a market capitalisation of approximately ₹28013.99 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Bandhan Bank Ltd?
The Price-to-Earnings (PE) ratio of Bandhan Bank Ltd is 20.95. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bandhan Bank Ltd?
Over the past 52 weeks, Bandhan Bank Ltd has traded between a low of ₹134.25 and a high of ₹220.76. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bandhan Bank Ltd pay dividends?
Yes, Bandhan Bank Ltd has a dividend yield of 0.86%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Bandhan Bank Ltd?
Bandhan Bank Ltd has a Return on Equity (ROE) of 4.78%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bandhan Bank Ltd on Tapetide?
On Tapetide, you can view Bandhan Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. [1][2]
Website bandhanbank.com
CEO Mr. Partha Pratim Sengupta
Employees 74,500
Listed 2018-03-27
Face Value ₹ 10
Issued Size 1,61,09,71,405