Bandhan Bank Ltd logo

Bandhan Bank Ltd

BANDHANBNK NSE

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]

AI Verdict: HOLD Confidence: 4%

Bandhan Bank trades at a P/E of 28.2x with deteriorating profitability (TTM profit growth of -55%) and weak ROE of 5% last year. While 52% of analysts recommend a buy and the stock has shown 16% recovery in the past year, structural concerns around asset quality and declining promoter holding warrant caution.

Key Fundamentals

SmallcapPrivate BankBanks
Market Cap
₹33,122 Cr
Volatility
Moderate
P/E Ratio
26.55
EBITDA
₹0.00 Cr
Return on Equity
10.32%
Debt to Equity
0
Book Value
₹156.77
EPS
₹15.97
52W High
₹218.13
52W Low
₹134.25

Technical Indicators

Key Insights

Strengths

1
  • Company's working capital requirements have reduced from 89.4 days to 49.2 days

Weaknesses

6
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.76%
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of 9.03% over last 3 years.
  • Contingent liabilities of Rs.16,769 Cr.
  • Dividend payout has been low at 13.1% of profits over last 3 years

Growth Rate

Revenue Growth
-12.95% ↘
Net Income Growth
-55.43% ↘
Cash Flow Change
-81.41% ↘
ROE
8.14% ↗
ROCE
13.78% ↗
EBITDA Margin (Avg.)
-29.96% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Bandhan Bank trades at a P/E of 28.2x with deteriorating profitability (TTM profit growth of -55%) and weak ROE of 5% last year. While 52% of analysts recommend a buy and the stock has shown 16% recovery in the past year, structural concerns around asset quality and declining promoter holding warrant caution.

Bull Case 7
  • 52% of analysts (13 out of 25) have a buy rating, indicating majority institutional confidence in a turnaround
  • P/B ratio of 1.37x is relatively inexpensive for a banking stock, suggesting limited downside from book value
  • Stock has delivered 16% returns in the last 1 year, showing recovery momentum from prior lows
  • Working capital days improved significantly from 89.4 days to 49.2 days, reflecting better operational efficiency
  • 10-year compounded sales growth of 30% demonstrates the bank's long-term franchise building capability
  • 10-year compounded profit growth of 16% shows the underlying business model can generate earnings over full cycles
  • Market cap of Rs.34,153 Cr provides reasonable scale and liquidity for institutional participation
Bear Case 8
  • TTM profit declined 55%, signaling severe near-term earnings stress likely from elevated credit costs
  • Last year ROE of just 5% is well below cost of equity, destroying shareholder value at current levels
  • 3-year compounded profit CAGR of -18% shows this is not a one-off miss but a sustained earnings deterioration
  • Low interest coverage ratio indicates vulnerability to rising funding costs and potential NIM compression
  • Contingent liabilities of Rs.16,769 Cr represent nearly 49% of market cap, posing material off-balance-sheet risk
  • Promoter holding decreased by 0.76% last quarter, signaling potential dilution or lack of promoter confidence
  • 3-year stock CAGR of -4% and 5-year CAGR of -9% show prolonged wealth destruction for longer-term holders
  • Dividend payout of only 13.1% of profits over 3 years with a yield of just 0.7% offers negligible income support

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 1
  • NPA portfolio sale to ARCs Jun 15

    Bandhan Bank approved sale of Rs 303.74 Cr NPA portfolio comprising housing finance loans overdue by over 180 days to Asset Reconstruction Companies.

Positives 2
  • Strong stock outperformance May 26

    Stock rose 2.35% for third straight session to Rs 201.6, up 19.33% over one year vs NIFTY decline of 3.34% and Nifty Private Bank index drop of 2.66% over the same period.

  • Independent Director appointed Jun 6

    Debashish Mukherjee appointed as Independent Director via postal ballot with 99.35% shareholder votes in favour, strengthening board governance.

Neutral 4
  • Board to review Capital Plan Jun 22

    Bandhan Bank board will meet on June 25, 2026 to review and consider the bank's Capital Plan.

  • RBI extends Additional Director term Jun 19

    RBI extended Arun Kumar Singh's term as Additional Director for one year from June 24, 2026; he is a retired RBI CGM with 35 years of experience.

  • Promoter confirms zero encumbrance Jun 12

    Bandhan Financial Services confirmed no encumbrance on Bandhan Bank shares since inception including FY26, reaffirmed by Bandhan Financial Holdings on May 27.

  • ESOP allotment of 60,044 shares Jun 12

    Bank allotted 60,044 equity shares under ESOP on June 12, 2026, marginally increasing paid-up capital to Rs 16,11,07,80,000 comprising 1,61,10,78,000 shares at Rs 10 face value.

TL;DR: Bandhan Bank is in a stable phase with strong stock performance (up 19.33% YoY) significantly outperforming sector peers. The NPA portfolio sale of Rs 303.74 Cr signals ongoing asset quality cleanup but is a manageable risk. Board governance is being strengthened with new appointments and RBI continuity. The upcoming Capital Plan review on June 25 could be a near-term catalyst depending on the fundraising strategy announced.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
4,268
4,523
4,492
4,665
5,189
5,536
5,500
5,479
5,434
5,476
5,354
5,431
5,428
Expenses
2,040
1,916
2,036
2,099
3,496
2,115
2,294
3,281
3,144
2,962
2,977
3,089
2,802
Financing Profit
432
575
407
426
-637
890
640
-466
-388
-204
-389
-401
-7
Fin. Margin %
10%
13%
9%
9%
-12%
16%
12%
-9%
-7%
-4%
-7%
-7%
0%
Other Income
629
385
540
545
701
528
609
1,112
700
726
546
691
771
Interest
1,796
2,032
2,049
2,140
2,330
2,531
2,566
2,664
2,678
2,718
2,765
2,743
2,633
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,061
960
947
971
64
1,418
1,249
645
311
521
158
290
764
Tax %
24%
25%
24%
25%
15%
25%
25%
34%
-2%
29%
29%
29%
30%
Net Profit
808
721
721
733
55
1,063
937
426
318
372
112
206
534
EPS in Rs
5.02
4.48
4.48
4.55
0.34
6.6
5.82
2.65
1.97
2.31
0.69
1.28
3.32
Gross NPA %
4.87%
6.76%
7.32%
7.02%
3.84%
4.23%
4.68%
4.68%
4.71%
4.96%
5.02%
3.33%
3.27%
Net NPA %
1.17%
2.18%
2.32%
2.21%
1.11%
1.15%
1.29%
1.28%
1.28%
1.36%
1.37%
0.99%
0.97%
Figures in ₹ Crores

Profit & Loss

  Mar 2015 4mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
0
1,581
3,909
4,802
6,643
10,885
12,524
13,871
15,905
18,870
21,948
21,689
Expenses
6
633
1,044
1,597
2,467
3,739
6,534
11,298
8,693
9,310
10,555
11,830
Financing Profit
-6
299
1,360
1,436
2,028
2,584
1,029
-2,584
567
1,009
936
-1,000
Fin. Margin %
—
19%
35%
30%
31%
24%
8%
-19%
4%
5%
4%
-5%
Other Income
8
150
411
706
1,063
1,549
2,022
2,823
2,469
2,171
2,967
2,734
Interest
0
649
1,505
1,770
2,148
4,562
4,961
5,157
6,645
8,551
10,458
10,859
Depreciation
0
36
67
86
78
80
103
110
143
238
279
0
PBT
2
414
1,704
2,056
3,013
4,053
2,949
129
2,893
2,943
3,623
1,734
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
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
Div. Payout %
0%
0%
0%
9%
18%
0%
7%
0%
11%
11%
9%
20%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
23,645
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
5,220
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
1,401
CWIP
108
0
0
0
109
22
55
173
346
214
325
0
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
0%
14%
29%
19%
19%
23%
14%
1%
12%
11%
12%
5%

Shareholding Pattern

As of Mar 2026
Promoters 38.98%
DIIs 22.33%
FIIs 22.07%
Public 13.60%
Others 2.95%
Government 0.07%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
39.99%
39.99%
39.99%
39.99%
39.99%
39.99%
39.99%
39.99%
39.99%
39.99%
39.98%
39.98%
39.98%
39.98%
39.98%
39.98%
39.98%
40.92%
40.29%
39.74%
38.98%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.05%
4.05%
4.05%
4.05%
4.05%
4.05%
31.19%
28.25%
26.73%
23.22%
22.73%
24.34%
23.43%
22.31%
22.07%
DIIs
1.78%
1.86%
2.45%
1.89%
4.20%
6.73%
11.83%
12.46%
13.23%
11.65%
17.39%
14.71%
12.43%
15.06%
16.34%
15.41%
16.36%
16.52%
17.82%
18.76%
22.33%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
0.07%
Public
6.60%
6.42%
7.78%
7.38%
6.16%
5.76%
6.18%
7.49%
7.63%
6.97%
7.73%
8.12%
13.88%
14.10%
14.06%
17.97%
17.46%
15.01%
15.22%
15.92%
13.60%
Others
51.63%
51.73%
49.77%
50.74%
49.65%
47.52%
37.88%
35.95%
35.03%
37.28%
30.78%
33.07%
2.45%
2.53%
2.82%
3.35%
3.39%
3.13%
3.18%
3.19%
2.95%
No. of Shareholders
4,71,877
4,78,903
5,47,352
5,43,012
4,58,163
4,31,920
4,66,387
5,27,503
5,28,876
4,87,855
5,32,157
5,50,138
7,24,153
7,58,715
7,49,315
8,61,228
8,59,472
7,88,123
7,69,192
7,67,136
7,11,284

Documents

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 Financial Services sector within the Banks 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 ₹33121.57 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 26.55. 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 ₹218.13. 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 0.71%. 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 10.32%. 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

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