IDBI Bank Ltd
IDBI Bank Ltd
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MidcapPrivate BankBanksInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY13–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 43.5% CAGR over last 5 years
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.78% over past five years.
- Company has a low return on equity of 13.2% over last 3 years.
- Contingent liabilities of Rs.2,89,480 Cr.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
IDBI Bank trades at a market cap of Rs.88,019 Cr with a PE of 9.5x and PB of 1.46x. The bank has delivered strong profit CAGR of 43% over 5 years but revenue growth remains sluggish at 8% over the same period, while contingent liabilities of Rs.2,89,480 Cr remain a notable overhang.
- Strong 5-year compounded profit growth of 43% CAGR, indicating a successful turnaround from prior losses
- Attractive valuation with PE of 9.5x, below the banking sector average, suggesting limited downside from valuation compression
- ROE has improved from negative territory (10-year average of -3%) to 14% in the last year, reflecting material improvement in profitability
- Dividend yield of 2.55% provides income support and signals management confidence in sustaining earnings
- Price-to-book of 1.46x is reasonable for a bank that has turned profitable, leaving room for re-rating upon privatization
- 3-year compounded profit growth of 35% demonstrates sustained earnings momentum beyond a one-time recovery
- TTM profit growth of 18% shows the bank continues to grow earnings even on a higher base after the turnaround
- Contingent liabilities of Rs.2,89,480 Cr are roughly 3.3x the current market cap, posing significant tail risk if even a fraction crystallizes
- Poor 5-year compounded sales growth of only 8% and TTM sales growth of just 1%, indicating stagnating core business momentum
- Low interest coverage ratio suggests vulnerability to margin compression or asset quality deterioration
- 10-year ROE of -3% reflects the deep legacy of losses and NPAs that eroded book value over the prior decade
- Stock CAGR of -6% over the past 1 year shows recent underperformance despite earnings growth, suggesting market skepticism
- 3-year ROE of only 13% remains below top private bank peers that deliver 15-18%, limiting re-rating potential
- Possible interest cost capitalization raises questions about the true quality of reported earnings
- 10-year stock CAGR of just 1% highlights the long-term wealth destruction investors experienced through the NPA cycle
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Fairfax Financial IDBI acquisition plan Aug 21
Fairfax Financial plans to acquire IDBI Bank with a potential two-year window to resolve its existing CSB Bank stake through sale or merger. The condition reflects regulatory considerations around cross-holdings in Indian banking.
TL;DR: IDBI Bank's privatisation process appears to be progressing with Fairfax Financial emerging as a potential acquirer, though structural conditions around cross-holdings add complexity. No immediate operational headwinds or positives were reported. The trend is neutral pending clarity on deal timelines and regulatory approvals.
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 | 6,864 | 6,038 | 6,549 | 6,995 | 6,670 | 7,445 | 7,819 | 6,983 | 7,027 | 7,109 | 7,080 | 7,804 | 7,549 |
| Expenses | 3,067 | 1,701 | 2,444 | 2,565 | 1,553 | 2,781 | 2,382 | 2,415 | 2,091 | 1,651 | 2,000 | 2,757 | 1,751 |
| Financing Profit | 936 | 1,372 | 1,003 | 1,132 | 1,688 | 1,102 | 1,854 | 885 | 1,085 | 1,642 | 1,218 | 1,102 | 1,745 |
| Fin. Margin % | 14% | 23% | 15% | 16% | 25% | 15% | 24% | 13% | 15% | 23% | 17% | 14% | 23% |
| Other Income | 907 | 1,025 | 1,031 | 961 | 857 | 1,368 | 810 | 2,107 | 1,472 | 2,155 | 1,271 | 1,714 | 1,084 |
| Interest | 2,861 | 2,966 | 3,102 | 3,298 | 3,428 | 3,562 | 3,583 | 3,683 | 3,851 | 3,816 | 3,862 | 3,944 | 4,053 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 1,843 | 2,397 | 2,034 | 2,093 | 2,546 | 2,470 | 2,664 | 2,991 | 2,557 | 3,797 | 2,489 | 2,816 | 2,829 |
| Tax % | 33% | 42% | 27% | 21% | 32% | 25% | 28% | 31% | 21% | 15% | 21% | 29% | 25% |
| Net Profit | 1,234 | 1,393 | 1,515 | 1,672 | 1,739 | 1,869 | 1,954 | 2,094 | 2,024 | 3,241 | 1,959 | 2,013 | 2,131 |
| EPS in Rs | 1.14 | 1.29 | 1.4 | 1.55 | 1.61 | 1.73 | 1.81 | 1.94 | 1.88 | 3 | 1.82 | 1.87 | 1.98 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28,164 | 28,058 | 27,805 | 23,046 | 22,102 | 20,854 | 19,956 | 18,316 | 20,592 | 26,446 | 28,917 | 29,020 | 29,542 |
| Expenses | 8,424 | 14,339 | 18,130 | 20,698 | 24,118 | 20,146 | 10,515 | 9,975 | 10,232 | 9,233 | 11,675 | 10,328 | 8,159 |
| Financing Profit | -2,647 | -8,212 | -12,344 | -15,028 | -18,178 | -13,133 | -1,967 | -781 | 1,229 | 4,986 | 2,985 | 3,217 | 5,707 |
| Fin. Margin % | -9% | -29% | -44% | -65% | -82% | -63% | -10% | -4% | 6% | 19% | 10% | 11% | 19% |
| Other Income | 4,189 | 3,518 | 4,207 | 7,248 | 3,535 | 4,631 | 4,848 | 4,959 | 4,617 | 3,975 | 5,209 | 6,637 | 6,224 |
| Interest | 22,387 | 21,931 | 22,019 | 17,376 | 16,162 | 13,841 | 11,408 | 9,122 | 9,130 | 12,226 | 14,257 | 15,474 | 15,676 |
| Depreciation | 141 | 218 | 362 | 377 | 370 | 394 | 397 | 417 | 499 | 543 | 538 | 617 | 0 |
| PBT | 1,401 | -4,912 | -8,498 | -8,157 | -15,013 | -8,896 | 2,484 | 3,760 | 5,346 | 8,418 | 7,656 | 9,237 | 11,931 |
| Tax % | 32% | -26% | -40% | 0% | 0% | 44% | 42% | 32% | 30% | 31% | 0% | 0% | — |
| Net Profit | 957 | -3,574 | -4,997 | -8,116 | -14,970 | -12,819 | 1,532 | 2,557 | 3,728 | 5,814 | 7,656 | 9,237 | 9,343 |
| EPS in Rs | 5.87 | -17.44 | -24.36 | -26.37 | -19.37 | -12.36 | 1.41 | 2.36 | 3.45 | 5.38 | 7.1 | 8.57 | 8.67 |
| Div. Payout % | 13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 28% | 30% | 0% | — |
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 | 1,604 | 2,059 | 2,059 | 3,084 | 7,736 | 10,381 | 10,752 | 10,752 | 10,752 | 10,752 | 10,752 | 10,752 |
| Reserves | 22,771 | 26,000 | 21,204 | 18,824 | 30,610 | 24,455 | 26,876 | 31,819 | 35,567 | 40,321 | 50,868 | 57,812 |
| Borrowing | 45,838 | 70,592 | 56,364 | 63,186 | 45,288 | 36,749 | 15,908 | 14,345 | 12,638 | 17,083 | 19,932 | 28,104 |
| Deposits | 2,75,518 | 2,65,087 | 2,68,216 | 2,47,777 | 2,27,190 | 2,22,214 | 2,30,707 | 2,32,850 | 2,55,313 | 2,77,366 | 3,09,893 | 3,46,776 |
| Other Liabilities | 10,314 | 11,537 | 14,646 | 18,039 | 10,287 | 6,901 | 14,410 | 12,773 | 17,227 | 19,138 | 21,562 | 23,942 |
| Total Liabilities | 3,56,044 | 3,75,275 | 3,62,488 | 3,50,909 | 3,21,111 | 3,00,699 | 2,98,653 | 3,02,540 | 3,31,498 | 3,64,659 | 4,13,008 | 4,67,386 |
| Fixed Assets | 3,026 | 7,041 | 6,893 | 6,350 | 7,842 | 7,719 | 7,402 | 9,587 | 9,303 | 9,435 | 12,120 | 9,685 |
| CWIP | 54 | 481 | 541 | 502 | 468 | 488 | 471 | 400 | 477 | 108 | 80 | 90 |
| Investments | 97,347 | 92,810 | 93,075 | 91,848 | 93,328 | 81,996 | 81,471 | 83,475 | 1,00,409 | 1,15,719 | 1,18,453 | 1,28,440 |
| Other Assets | 2,55,617 | 2,74,943 | 2,61,980 | 2,52,208 | 2,19,474 | 2,10,496 | 2,09,309 | 2,09,078 | 2,21,309 | 2,39,398 | 2,82,355 | 3,29,171 |
| Total Assets | 3,56,044 | 3,75,275 | 3,62,488 | 3,50,909 | 3,21,111 | 3,00,699 | 2,98,653 | 3,02,540 | 3,31,498 | 3,64,659 | 4,13,008 | 4,67,386 |
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 | -1,991 | -567 | 8,000 | -12,514 | -34,215 | 208 | 10,214 | 5,068 | -2,701 | -1,252 | 25,796 | 16,762 |
| Investing | -272 | -715 | -464 | 720 | 116 | -296 | -59 | -192 | -283 | -217 | -338 | 1,441 |
| Financing | -61 | 2,927 | 1,889 | 12,843 | 21,622 | 9,279 | -5,342 | -4,383 | -3,569 | -1,768 | -6,990 | -5,765 |
| Net Cash Flow | -2,323 | 1,645 | 9,424 | 1,049 | -12,477 | 9,191 | 4,813 | 492 | -6,554 | -3,237 | 18,467 | 12,438 |
| Free Cash Flow | -2,262 | -1,282 | 7,536 | -11,794 | -34,099 | -87 | 10,155 | 4,873 | -2,996 | -1,474 | 25,452 | 16,454 |
| CFO/OP | -10 | -4 | 83 | -533 | 1,697 | 29 | 108 | 61 | -26 | -5 | 140 | 88 |
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 % | 4% | -14% | -20% | -38% | -50% | -35% | 4% | 6% | 8% | 12% | 14% | 14% |
Documents
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Company Information
IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.