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Bandhan Bank Ltd

BANDHANBNK NSE

Key Fundamentals

SmallcapPrivate BankBanks
Market Cap
₹28,165 Cr
Volatility
Moderate
P/E Ratio
20.69
EBITDA
₹2,038 Cr
Return on Equity
4.78%
Debt to Equity
0
Book Value
₹156.76
EPS
₹15.97
52W High
₹220.76
52W Low
₹134.25

Insights

Beta

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

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54 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Stock is trading at 1.09 times its book value
  • Company's working capital requirements have reduced from 71.8 days to 38.5 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 anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Bandhan Bank Ltd trades at a market cap of Rs.28,032 Cr with a P/B of 1.08x, reflecting muted investor sentiment after a 34% TTM profit decline. The bank's 3-year ROE stands at 9% and compounded profit growth has been negative over 3 and 5-year periods, though its valuation near book value and improved working capital efficiency offer some counterbalance.

Bull Case 7
  • Stock trades at just 1.07x book value, significantly below historical averages for mid-sized private banks, suggesting limited downside from asset-based valuation
  • Working capital days reduced sharply from 92.2 days to 57.6 days, indicating improved operational efficiency and better asset-liability management
  • 10-year compounded sales growth of 30% demonstrates the bank's ability to scale its lending franchise over a longer horizon
  • P/E ratio of 20.1x is reasonable for a banking stock that still has a microfinance-led growth runway in under-penetrated eastern and northeastern India
  • Dividend yield of 0.89% provides some income cushion, and reinstatement of dividends signals management confidence in capital adequacy
  • 5-year compounded sales growth of 12% shows the top-line has continued to expand despite asset quality headwinds in the microfinance book
  • 10-year compounded profit growth of 16% indicates the long-term earnings trajectory remains positive despite recent cyclical weakness
Bear Case 8
  • TTM profit declined 34%, signaling significant near-term earnings deterioration likely driven by higher credit costs
  • 3-year compounded profit growth at -18% shows the earnings downturn is not just a one-quarter event but a sustained multi-year trend
  • 3-year ROE of only 9% and last year ROE of just 5% are well below the cost of equity for a bank with this risk profile
  • Low interest coverage ratio indicates vulnerability to margin compression and potential stress in the lending book
  • Contingent liabilities of Rs.28,896 Cr are substantial relative to the Rs.28,032 Cr market cap, posing a material risk if crystallized
  • Promoter holding decreased by 1.44% in the last quarter, which may reflect regulatory dilution requirements or weakening promoter commitment
  • Stock CAGR of -10% over 3 years and -9% over 5 years shows persistent value destruction for shareholders
  • Dividend payout of only 13.1% of profits over 3 years limits shareholder returns and suggests capital is being consumed by provisioning needs rather than returned to investors

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 3
  • AGM resolutions all approved Aug 24

    Shareholders approved all 7 resolutions at the 12th AGM on August 24, 2026, including appointment of Debasish Panda as Chairman and adoption of FY26 financials.

  • Motilal Oswal investor conference Aug 12

    Bandhan Bank will participate in the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026 in Mumbai.

  • Singapore institutional investor meet Aug 1

    Bandhan Bank scheduled an in-person meeting with select institutional investors and analysts in Singapore on August 6, 2026.

TL;DR: Recent news flow for Bandhan Bank is purely procedural with no material positives or negatives. The AGM passed smoothly with all resolutions approved, and management is actively engaging investors via conferences in Mumbai and Singapore. No operational or financial red flags surfaced, but no growth catalysts either. The trend is steady, with investor engagement activity suggesting management confidence heading into FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
Figures in ₹ Crores

Profit & Loss

  Mar 2015 4mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
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
23,964
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
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 Jun 2026
Promoters 37.54%
DIIs 27.48%
FIIs 18.65%
Public 13.13%
Others 3.13%
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 2026Jun 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%
37.54%
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%
18.65%
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%
27.48%
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%
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%
13.13%
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%
3.13%
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
6,64,000

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 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 ₹28165.43 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 20.69. 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]

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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