Federal Bank Ltd logo

Federal Bank Ltd

FEDERALBNK NSE

Key Fundamentals

MidcapPrivate BankBanks
Market Cap
₹85,700 Cr
Volatility
Moderate
P/E Ratio
18.17
EBITDA
₹6,169 Cr
Return on Equity
10.91%
Debt to Equity
0
Book Value
₹155.74
EPS
₹16.45
52W High
₹371.7
52W Low
₹188.4

Insights

Beta

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

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63 extracted metrics + investor summaries across FY10–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Weaknesses

5
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.9% over last 3 years.
  • Contingent liabilities of Rs.2,99,451 Cr.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 7.14% of profits over last 3 years

Growth Rate

Revenue Growth
7.00%
Net Income Growth
6.71%
Cash Flow Change
-50.58%
ROE
-7.93%
ROCE
-8.84%
EBITDA Margin (Avg.)
-4.82%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 6d ago
AI opinion · based on fundamentals
Risk medium

Federal Bank Ltd is a mid-cap private sector bank with a market cap of Rs.89,637 Cr trading at a PE of 18.4x and PB of 2.31x. The bank has delivered strong stock price CAGR of 35% over 5 years and 24% compounded profit growth over 10 years, but faces concerns around low ROE of ~12-13%, significant contingent liabilities of Rs.2,99,451 Cr, and a dividend payout of just 7.14% of profits.

Bull Case 8
  • Stock price CAGR of 80% over the last 1 year indicates strong market re-rating and investor confidence
  • 10-year compounded profit growth of 24% demonstrates sustained long-term earnings momentum
  • 5-year stock CAGR of 35% significantly outperforms broader banking index, reflecting consistent value creation
  • 5-year compounded profit growth of 21% shows the bank has scaled earnings meaningfully over a medium-term horizon
  • 10-year compounded sales growth of 14% reflects steady loan book and revenue expansion across cycles
  • 3-year compounded sales growth of 19% suggests accelerating top-line momentum in recent years
  • PE of 18.4x is reasonable relative to private sector banking peers that often trade at 20-25x, suggesting room for further re-rating
  • TTM profit growth of 16% continues to outpace TTM revenue growth of 7%, indicating improving operating leverage and cost efficiency
Bear Case 8
  • Contingent liabilities of Rs.2,99,451 Cr are over 3.3x the market cap of Rs.89,637 Cr, posing material risk if even a fraction crystallizes
  • 3-year ROE of only 12-13% is below the 15%+ threshold typically expected of well-run private banks, limiting valuation premium potential
  • Dividend payout of just 7.14% of profits over the last 3 years with a yield of only 0.33% offers negligible income to shareholders
  • Low interest coverage ratio suggests the bank's net interest margin cushion may be under pressure from funding costs
  • TTM revenue growth has decelerated sharply to 7% from the 3-year CAGR of 19%, signaling potential slowdown in loan growth or margin compression
  • Potential capitalization of interest costs could mean reported profitability overstates true economic earnings
  • PB ratio of 2.31x is elevated for a bank generating only 12-13% ROE, as fair value for such ROE levels is typically closer to 1.5-2x book
  • Last year ROE declined to 12% from the 3-year and 5-year average of 13%, suggesting return on equity may be trending downward rather than improving

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

AI News Digest

Anthropic anthropic claude-opus-4.6 10h ago
Headwinds 1
  • Jana SFB integration risks Aug 26

    Citi flags integration complexity, valuation concerns, and unsecured portfolio risks from the potential Jana Small Finance Bank acquisition.

Positives 4
  • Jana acquisition boosts growth Aug 26

    Jana SFB deal could add 14% to advances and 11% to deposits, offering geographic reach and high-yield secured PSL assets.

  • $500m GIFT City fundraise Aug 18

    Board met on Aug 21 to consider raising up to USD 500 million through foreign currency debt instruments via IFSC Banking Unit at GIFT City.

  • Green loan portfolio at ₹10,489 cr Jul 30

    FY26 BRSR report highlights green loan portfolio of ₹10,489 crore, coal exposure reduced to 0.35%, and Bureau Veritas assured ESG metrics.

  • Dividend of ₹1.20 approved Aug 21

    95th AGM approved FY26 financials, final dividend of ₹1.20 per share, and re-appointment of MD & CEO Krishnan Venkat Subramanian.

Neutral 4
  • Citi neutral, ₹360 target Aug 26

    Citi maintains Neutral rating on Federal Bank with a target price of ₹360.

  • Jana SFB promoter stake sale Aug 25

    Jana SFB promoter likely to sell entire 16.9% stake to Federal Bank, with an open offer expected to follow.

  • Multiple analyst/investor meets Aug 6

    Federal Bank held one-on-one meetings with Blackstone, HDFC MF, HSBC, Axis MF, Nippon MF, RBC Global, and others between Jul 28 and Aug 6.

  • Analyst meet scheduled Aug 27 Aug 24

    Federal Bank to host virtual meeting with analysts and institutional investors on August 27, 2026.

TL;DR: Federal Bank is pursuing inorganic growth through the potential Jana SFB acquisition, which could meaningfully boost advances (+14%) and deposits (+11%), while also strengthening its balance sheet via a $500m GIFT City fundraise. ESG credentials are improving with a ₹10,489 crore green loan book. Key risks center on integration execution and unsecured loan exposure from Jana SFB. The trend is cautiously positive with active capital deployment and strong investor engagement, though execution on the acquisition will be the near-term catalyst.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
5,350
5,791
6,085
6,339
6,728
7,006
7,265
7,108
7,151
7,216
7,360
7,947
7,862
Expenses
1,634
1,661
1,814
1,917
2,048
2,149
2,349
2,265
2,506
2,519
2,595
3,017
2,665
Financing Profit
461
586
511
486
468
463
346
386
105
267
365
528
659
Fin. Margin %
9%
10%
8%
8%
7%
7%
5%
5%
1%
4%
5%
7%
8%
Other Income
741
757
908
810
936
1,010
931
1,047
1,164
1,105
1,143
1,186
1,082
Interest
3,255
3,544
3,760
3,936
4,212
4,393
4,570
4,456
4,540
4,429
4,401
4,402
4,538
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,202
1,343
1,420
1,296
1,404
1,473
1,277
1,434
1,270
1,373
1,507
1,714
1,741
Tax %
26%
26%
25%
25%
26%
25%
26%
23%
25%
26%
25%
19%
25%
Net Profit
894
1,007
1,067
996
1,047
1,115
951
1,120
951
1,023
1,125
1,392
1,302
EPS in Rs
4.16
4.23
4.26
3.99
4.2
4.47
3.85
4.44
3.74
4.03
4.44
5.44
5.09
Gross NPA %
2.37%
2.27%
2.28%
2.11%
Net NPA %
0.74%
0.68%
0.68%
0.63%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
7,488
7,826
8,783
9,915
11,635
13,590
14,314
14,382
17,812
23,565
28,106
29,674
30,385
Expenses
1,701
2,529
2,749
3,331
3,572
4,608
5,527
5,758
5,828
6,792
8,523
10,332
10,796
Financing Profit
731
38
382
358
747
304
352
664
2,009
2,278
1,952
1,571
1,819
Fin. Margin %
10%
0%
4%
4%
6%
2%
2%
5%
11%
10%
7%
5%
6%
Other Income
879
808
1,084
1,160
1,335
1,882
1,972
2,121
2,436
3,216
3,924
4,598
4,515
Interest
5,056
5,259
5,653
6,226
7,316
8,678
8,435
7,959
9,975
14,495
17,631
17,772
17,770
Depreciation
79
108
124
125
122
126
115
139
182
234
288
306
0
PBT
1,530
739
1,342
1,393
1,960
2,060
2,209
2,646
4,263
5,261
5,588
5,863
6,335
Tax %
34%
34%
36%
35%
35%
25%
25%
26%
26%
25%
25%
24%
Net Profit
1,058
486
867
935
1,318
1,590
1,680
1,996
3,210
3,964
4,234
4,491
4,843
EPS in Rs
6.17
2.83
5.03
4.74
6.63
7.93
8.34
9.37
14.95
15.93
16.93
17.63
19
Div. Payout %
18%
25%
18%
21%
21%
0%
8%
19%
7%
8%
7%
7%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
171
344
345
394
397
399
399
421
423
487
491
493
Reserves
7,529
7,720
8,607
11,880
13,101
14,424
16,105
18,835
21,699
29,618
34,047
39,550
Borrowing
2,393
5,236
6,345
12,329
8,706
12,528
12,271
19,587
25,862
25,160
32,596
33,193
Deposits
70,823
79,171
97,662
1,11,970
1,34,879
1,52,252
1,72,186
1,81,678
2,12,988
2,52,455
2,83,484
3,13,491
Other Liabilities
1,993
2,234
2,527
2,640
3,469
3,751
4,006
5,721
7,031
10,119
9,534
15,354
Total Liabilities
82,909
94,706
1,15,486
1,39,214
1,60,552
1,83,353
2,04,967
2,26,241
2,68,004
3,17,839
3,60,152
4,02,081
Fixed Assets
446
508
477
452
462
477
504
643
890
996
1,456
1,420
CWIP
27
16
15
10
18
28
13
29
81
67
72
108
Investments
20,349
24,920
27,912
30,595
31,676
35,715
36,732
39,065
48,702
61,043
66,058
76,471
Other Assets
62,087
69,262
87,081
1,08,158
1,28,397
1,47,133
1,67,717
1,86,504
2,18,330
2,55,733
2,92,567
3,24,081
Total Assets
82,909
94,706
1,15,486
1,39,214
1,60,552
1,83,353
2,04,967
2,26,241
2,68,004
3,17,839
3,60,152
4,02,081
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,158
-1,557
3,431
-5,051
7,873
3,731
11,179
-7,774
489
6,431
8,801
4,349
Investing
-1,364
1,990
-2,384
-1,579
-3,378
-4,688
-3,913
901
-9,860
-8,912
-3,799
-11,118
Financing
-3,544
205
985
8,371
-3,637
3,661
-208
8,193
6,038
3,871
7,401
2,069
Net Cash Flow
250
639
2,032
1,741
858
2,704
7,058
1,320
-3,332
1,390
12,403
-4,700
Free Cash Flow
5,039
-1,717
3,338
-5,145
7,750
3,585
11,053
-8,062
8
6,114
8,050
4,063
CFO/OP
100
-29
64
-66
107
49
134
-80
14
46
52
29
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
15%
6%
10%
9%
10%
11%
11%
11%
15%
15%
13%
12%

Shareholding Pattern

As of Jun 2026
DIIs 49.28%
FIIs 27.71%
Public 16.09%
Others 6.91%
Total 99.99%
  Mar 2021Jun 2021Jul 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Jul 2023Sep 2023Oct 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
29.42%
29.39%
28.57%
28.64%
27.72%
26.32%
26.28%
26.86%
25.54%
24.94%
26.05%
27.71%
DIIs
42.04%
43.44%
41.69%
42.07%
41.14%
41.85%
40.62%
42.64%
42.36%
43.79%
41.08%
43.92%
44.66%
44.44%
44.70%
45.38%
45.19%
47.18%
48.90%
49.07%
48.17%
49.71%
51.11%
50.39%
49.28%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
29.82%
29.32%
27.89%
28.97%
30.27%
27.78%
28.10%
20.52%
20.32%
20.68%
22.94%
20.15%
19.15%
18.69%
18.38%
18.80%
18.79%
17.89%
17.58%
17.53%
17.78%
17.60%
16.81%
16.53%
16.09%
Others
28.14%
27.24%
30.42%
28.96%
28.59%
30.37%
31.28%
36.83%
37.31%
35.53%
35.97%
35.92%
36.19%
7.45%
7.53%
7.24%
7.38%
7.20%
7.20%
7.12%
7.18%
7.14%
7.15%
7.03%
6.91%
No. of Shareholders
5,29,134
5,71,461
5,93,595
6,19,063
7,79,303
7,23,623
7,54,488
6,90,752
7,07,157
7,36,674
8,09,397
8,06,326
7,82,900
7,87,713
7,96,959
8,70,010
8,55,887
8,51,199
8,51,174
8,47,981
8,51,049
8,48,372
8,23,258
8,21,700
8,11,380

Documents

Frequently Asked Questions about Federal Bank Ltd

What does Federal Bank Ltd do?
The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.[1].It is the second-largest bank ...
Where is Federal Bank Ltd (FEDERALBNK) listed?
Federal Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: FEDERALBNK and BSE: 500469. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Federal Bank Ltd belong to?
Federal 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 Federal Bank Ltd?
Federal Bank Ltd has a market capitalisation of approximately ₹85700.25 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Federal Bank Ltd?
The Price-to-Earnings (PE) ratio of Federal Bank Ltd is 18.17. 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 Federal Bank Ltd?
Over the past 52 weeks, Federal Bank Ltd has traded between a low of ₹188.4 and a high of ₹371.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Federal Bank Ltd pay dividends?
Yes, Federal Bank Ltd has a dividend yield of 0.35%. 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 Federal Bank Ltd?
Federal Bank Ltd has a Return on Equity (ROE) of 10.91%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Federal Bank Ltd on Tapetide?
On Tapetide, you can view Federal 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

The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.[1].It is the second-largest bank and the largest private sector bank in Kerala[2]

CEO Mr. Krishnan Venkat Subramanian
Employees 15,545
Listed 1995-02-08
Face Value ₹ 2
Issued Size 2,46,30,54,121

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