Indian Bank logo

Indian Bank

INDIANB NSE

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. [1]

AI Verdict: BUY Confidence: 7%

Indian Bank trades at an attractive P/E of 9.7x with strong 30% profit CAGR over 5 years and 69% analyst buy ratings. However, slowing TTM profit growth of 4% and large contingent liabilities of Rs.2,66,319 Cr warrant caution despite the compelling valuation.

Key Fundamentals

LargecapPublic Sector BankBanks
Market Cap
1.1L Cr
Volatility
Moderate
P/E Ratio
9.58
EBITDA
₹17,084 Cr
Return on Equity
13.49%
Debt to Equity
0
Book Value
₹541.78
EPS
₹67.86
52W High
₹1,000.9
52W Low
₹606

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.9%

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.5% over past five years.
  • Contingent liabilities of Rs.2,66,319 Cr.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 46.8 days to 85.5 days

Growth Rate

Revenue Growth
8.72% ↗
Net Income Growth
11.21% ↗
Cash Flow Change
8.16% ↗
ROE
-0.65% ↘
ROCE
-2.38% ↘
EBITDA Margin (Avg.)
1.48% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

Indian Bank trades at an attractive P/E of 9.7x with strong 30% profit CAGR over 5 years and 69% analyst buy ratings. However, slowing TTM profit growth of 4% and large contingent liabilities of Rs.2,66,319 Cr warrant caution despite the compelling valuation.

Bull Case 8
  • Attractive valuation at P/E of 9.7x, well below the banking sector average of 12-15x, offering margin of safety
  • Strong compounded profit growth of 30% CAGR over 5 years demonstrates sustained earnings improvement from a low base
  • 69.23% of analysts (9 out of 13) rate it a Buy, reflecting broad consensus on upside potential
  • Healthy ROE of 15% last year and 16% 3-year average indicates efficient capital deployment for a PSU bank
  • Exceptional stock price CAGR of 45% over 3 years and 42% over 5 years shows strong re-rating momentum
  • Dividend yield of 2.16% with consistent 19.9% payout ratio provides income support while retaining capital for growth
  • P/B ratio of 1.56x is reasonable for a bank delivering 15-16% ROE, suggesting fair-to-cheap valuation
  • Market cap of Rs.1,14,088 Cr gives it mid-large cap stability with adequate liquidity for institutional investors
Bear Case 8
  • TTM profit growth has sharply decelerated to just 4% from 28% 3-year CAGR, signaling earnings momentum is fading
  • Contingent liabilities of Rs.2,66,319 Cr are over 2.3x the market cap, posing material risk if even a fraction crystallizes
  • Poor sales growth of 11.5% over 5 years and TTM sales growth of only 9% indicates limited topline expansion
  • Low interest coverage ratio suggests vulnerability to NIM compression in a potentially declining rate environment
  • Working capital days nearly doubled from 46.8 to 85.5 days, indicating deterioration in asset efficiency
  • Potential capitalization of interest cost raises questions about the true quality of reported earnings
  • Only 1 sell rating out of 13 analysts may indicate crowded positioning with limited contrarian oversight
  • 10-year compounded profit growth of 32% is skewed by recovery from near-zero base during NPA crisis years, making forward extrapolation risky

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • Executive Director departure Jun 1

    Shri Brajesh Kumar Singh ceased as Executive Director effective June 1, 2026, following appointment as MD & CEO of Canara Bank, creating a leadership gap.

Positives 1
  • ₹18.25 dividend, ₹5000cr raise approved Jun 17

    Shareholders approved ₹18.25 per share dividend and ₹5000 crore equity capital raise at the 20th AGM, with all resolutions passed.

Neutral 4
  • Trading window closed for Q1FY27 Jun 22

    Indian Bank shut its trading window from July 1, 2026, until 48 hours after Q1FY27 results are declared, per SEBI regulations.

  • MCLR and TBLR rates revised Jun 1

    ALCO revised MCLR and TBLR rates effective June 3, 2026, while Base Rate and BPLR remain unchanged.

  • Investor meetings with institutions Jun 12

    Indian Bank held meetings with GIC Re on June 16 and Dymon Asia Capital on June 12, discussing only public domain information.

  • Investor meet scheduled June 15 Jun 9

    Indian Bank scheduled a one-on-one or group meeting with investors and analysts on June 15, 2026.

TL;DR: Indian Bank is on solid footing with shareholder-approved ₹18.25 dividend and ₹5000 crore capital raise signalling confidence in growth plans. Active institutional engagement with GIC Re and Dymon Asia suggests sustained investor interest. The ED departure to Canara Bank is a minor leadership risk but routine for PSU banks. Overall trend is stable-to-positive heading into Q1FY27 results.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
12,255
13,050
13,764
14,203
14,633
15,041
15,369
15,770
15,860
16,285
16,628
17,102
17,488
Expenses
6,202
5,161
5,150
5,158
5,378
4,994
5,144
5,102
5,097
4,880
5,108
5,492
5,811
Financing Profit
-683
543
611
661
646
1,186
1,072
1,323
1,295
1,481
1,480
1,407
1,305
Fin. Margin %
-6%
4%
4%
5%
4%
8%
7%
8%
8%
9%
9%
8%
7%
Other Income
2,161
1,871
2,166
2,113
2,432
2,077
2,602
2,397
2,935
1,854
2,643
2,793
2,773
Interest
6,736
7,346
8,003
8,383
8,609
8,861
9,154
9,345
9,467
9,924
10,040
10,203
10,372
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
1,477
2,415
2,777
2,774
3,078
3,263
3,674
3,721
4,230
3,335
4,123
4,199
4,078
Tax %
1%
29%
28%
23%
27%
26%
25%
23%
30%
33%
26%
27%
24%
Net Profit
1,520
1,850
2,069
2,207
2,296
2,571
2,801
2,910
2,982
2,277
3,109
3,148
3,174
EPS in Rs
12.2
14.85
16.61
16.37
17.04
19.08
20.79
21.6
22.14
16.9
23.07
23.36
23.56
Gross NPA %
5.95%
5.47%
4.97%
4.47%
3.95%
3.77%
3.48%
3.26%
3.09%
3.01%
2.6%
2.23%
1.98%
Net NPA %
0.9%
0.7%
0.6%
0.53%
0.43%
0.39%
0.27%
0.21%
0.19%
0.18%
0.16%
0.15%
0.15%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
15,853
16,244
16,039
17,115
19,182
21,401
39,108
38,888
44,985
55,650
62,039
67,504
Expenses
4,219
5,128
6,144
6,998
8,289
9,238
18,029
20,285
21,577
20,342
19,818
20,710
Financing Profit
245
-679
-996
-734
-1,273
-1,634
-2,360
-3,526
-1,309
2,967
5,395
6,255
Fin. Margin %
2%
-4%
-6%
-4%
-7%
-8%
-6%
-9%
-3%
5%
9%
9%
Other Income
1,372
1,789
2,222
2,417
1,891
3,326
6,111
7,380
7,804
8,582
10,011
10,829
Interest
11,390
11,795
10,891
10,851
12,167
13,798
23,439
22,129
24,717
32,341
36,826
40,539
Depreciation
139
151
166
237
259
314
637
601
532
531
543
609
PBT
1,478
958
1,060
1,445
359
1,377
3,115
3,253
5,963
11,017
14,864
16,475
Tax %
31%
25%
-33%
13%
11%
45%
3%
-23%
11%
26%
26%
26%
Net Profit
1,051
752
1,455
1,311
381
862
3,151
4,144
5,574
8,423
11,264
11,707
EPS in Rs
21.84
15.64
30.25
27.29
7.91
14.15
27.88
33.26
44.74
62.51
83.61
86.89
Div. Payout %
19%
10%
20%
0%
0%
0%
7%
20%
19%
19%
19%
21%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
480
480
480
480
480
609
1,129
1,245
1,245
1,347
1,347
1,347
Reserves
14,549
16,010
16,954
18,235
19,235
22,159
38,329
43,706
48,261
58,901
70,166
78,696
Borrowing
2,646
3,509
12,637
19,760
12,138
20,830
24,763
17,218
22,092
23,143
41,552
46,807
Deposits
1,69,204
1,78,259
1,82,480
2,08,262
2,42,041
2,60,184
5,38,030
5,93,571
6,21,123
6,87,953
7,37,098
8,27,654
Other Liabilities
6,156
5,683
5,957
6,244
6,494
6,359
23,285
18,356
20,612
24,365
26,875
37,049
Total Liabilities
1,93,036
2,03,941
2,18,507
2,52,981
2,80,388
3,10,141
6,25,535
6,74,096
7,13,334
7,95,709
8,77,039
9,91,553
Fixed Assets
2,969
3,508
3,436
3,421
3,964
3,898
7,392
7,694
7,472
7,538
8,854
8,674
CWIP
5
8
11
1
1
1
0
5
9
2
3
3
Investments
46,060
53,283
67,781
71,619
65,272
81,871
1,78,292
1,76,502
1,88,366
2,15,242
2,28,421
2,47,682
Other Assets
1,44,001
1,47,143
1,47,280
1,77,940
2,11,152
2,24,371
4,39,850
4,89,896
5,17,487
5,72,927
6,39,760
7,35,194
Total Assets
1,93,036
2,03,941
2,18,507
2,52,981
2,80,388
3,10,141
6,25,535
6,74,096
7,13,334
7,95,709
8,77,039
9,91,553
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,136
-931
-10,814
-3,676
6,270
-8,396
17,065
28,750
-27,894
-8,617
17,396
18,815
Investing
-236
-772
-179
-214
-176
-247
21,233
-305
-314
-618
-348
-428
Financing
-2,312
620
9,041
6,776
1,000
2,552
1,866
18
-1,543
1,195
-4,264
-7,649
Net Cash Flow
2,588
-1,082
-1,952
2,886
7,094
-6,091
40,163
28,464
-29,751
-8,040
12,784
10,738
Free Cash Flow
4,899
-1,702
-10,993
-3,890
6,021
-8,644
16,520
28,446
-28,208
-9,235
17,048
18,387
CFO/OP
44
-8
-109
-36
58
-69
81
155
-119
-24
41
40
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
7%
5%
9%
7%
2%
4%
10%
10%
12%
15%
17%
15%

Shareholding Pattern

As of Mar 2026
Promoters 73.84%
DIIs 17.75%
FIIs 5.82%
Public 2.01%
Others 0.58%
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
88.06%
79.86%
79.86%
79.86%
79.86%
79.86%
79.86%
79.86%
79.86%
79.86%
79.86%
73.84%
73.84%
73.84%
73.84%
73.84%
73.84%
73.84%
73.84%
73.84%
73.84%
FIIs
0.01%
0.07%
0.04%
0.01%
0.00%
0.03%
0.00%
0.04%
0.04%
0.04%
0.03%
0.00%
5.29%
5.38%
4.99%
4.78%
4.74%
4.55%
4.68%
5.64%
5.82%
DIIs
4.36%
10.17%
10.24%
10.32%
10.70%
11.25%
12.08%
11.94%
11.55%
11.57%
11.76%
15.34%
16.95%
16.88%
17.35%
17.64%
17.77%
18.05%
18.62%
17.82%
17.75%
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%
0.00%
0.00%
0.00%
Public
4.50%
3.96%
4.92%
5.61%
5.11%
4.46%
3.92%
3.34%
3.27%
3.44%
3.03%
3.10%
3.00%
3.03%
3.03%
2.89%
2.87%
2.78%
2.21%
2.12%
2.01%
Others
3.07%
5.95%
4.95%
4.21%
4.33%
4.40%
4.14%
4.83%
5.29%
5.10%
5.32%
7.72%
0.92%
0.87%
0.80%
0.85%
0.78%
0.78%
0.66%
0.59%
0.58%
No. of Shareholders
3,31,230
3,24,544
3,43,963
3,62,055
3,49,687
3,35,074
3,14,311
3,15,096
3,13,448
3,14,186
3,06,649
3,05,050
3,08,165
3,21,712
3,25,449
3,19,705
3,17,481
3,31,904
3,16,207
3,25,219
3,19,897

Documents

Frequently Asked Questions about Indian Bank

What does Indian Bank do?
Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. [1]
Where is Indian Bank (INDIANB) listed?
Indian Bank is listed on the Indian stock exchanges. It is listed on NSE: INDIANB and BSE: 532814. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Indian Bank belong to?
Indian Bank 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 Indian Bank?
Indian Bank has a market capitalisation of approximately ₹113549.06 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Indian Bank?
The Price-to-Earnings (PE) ratio of Indian Bank is 9.58. 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 Indian Bank?
Over the past 52 weeks, Indian Bank has traded between a low of ₹606 and a high of ₹1,000.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Indian Bank pay dividends?
Yes, Indian Bank has a dividend yield of 2.16%. 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 Indian Bank?
Indian Bank has a Return on Equity (ROE) of 13.49%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Indian Bank on Tapetide?
On Tapetide, you can view Indian Bank'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

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. [1]

Website indianbank.in
CEO Mr. Binod Kumar
Employees 40,071
Listed 2007-03-01
Face Value ₹ 10
Issued Size 1,34,69,63,981

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List