Jammu and Kashmir Bank
Jammu and Kashmir Bank
BanksKey Fundamentals
SmallcapPrivate BankBanksPrice-based figures as of 8 Oct 2026, 10:36 am IST · EPS basis: Consolidated · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.92 times its book value
- Company has delivered good profit growth of 40.7% CAGR over last 5 years
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.2% over past five years.
- Contingent liabilities of Rs.7,878 Cr.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -4.01%
Growth Rate
AI Analysis — Bull vs Bear
As of the 2026-10-01 close, Jammu and Kashmir Bank Ltd traded at Rs 139.98, giving a market capitalisation of Rs 15,414.35 Cr, a trailing P/E of 6.69 on TTM EPS of Rs 20.91, and a price-to-book ratio of 1. ROE was 14.35%, and profit compounded at 41% over 5 years and 26% over 3 years. TTM growth has slowed to 7% for profit and 5% for sales, and the stock was about 30.6% below its 52-week high of Rs 201.75.
- Valuation is low on earnings: the stock trades at a trailing P/E of 6.69 on TTM EPS of Rs 20.91 as of 2026-10-01.
- The stock trades at a price-to-book ratio of 1 while generating an ROE of 14.35%, so investors are paying roughly book value for a mid-teens return on equity.
- Profit growth has been strong over the medium term: 41% CAGR over 5 years and 26% CAGR over 3 years, against 19% over 10 years.
- Profitability has improved: ROE was 16% over 3 years and 15% last year, compared with a 10-year average of 7%.
- Top-line growth picked up recently, with sales compounding at 12% over 3 years versus 7% over 10 years.
- Shareholder returns have been strong lately: the stock CAGR was 33% over 1 year and 30% over 5 years.
- At Rs 139.98, the stock was about 30.6% below its 52-week high of Rs 201.75. This leaves a gap to recent highs if earnings hold up.
- The dividend yield is 1.55%, which provides some income alongside the low valuation.
- Profit growth has slowed sharply: TTM profit growth is 7%, compared with 26% CAGR over 3 years and 41% over 5 years. This suggests the strong earnings recovery may be levelling off.
- Sales growth has also slowed, to 5% TTM from a 12% CAGR over 3 years. Over 5 years, sales grew only 10.2% a year, well behind profit growth.
- Contingent liabilities are Rs 7,878 Cr, about 51% of the Rs 15,414.35 Cr market cap. This is a large off-balance-sheet exposure relative to equity value.
- Promoter holding fell by 4.01 percentage points over the last 3 years.
- Long-term returns have been weak: the stock CAGR was 5% over 10 years and 9% over 3 years, and ROE averaged just 7% over 10 years. This history suggests profitability can be cyclical.
- The 52-week range of Rs 97.35 to Rs 201.75 is wide, showing high price volatility. At Rs 139.98, the stock is still about 43.8% above its 52-week low.
- Screening data flags low interest coverage, possible capitalisation of interest cost, and a ROCE of 5.42%. These measures are less meaningful for a bank, where interest expense is the main operating cost, but they are flagged here.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- CASA ratio slips to 42.01% Oct 3
J&K Bank's provisional Q2FY27 update shows the CASA ratio falling to 42.01%. A smaller share of low-cost deposits could raise funding costs and squeeze net interest margins.
- Total business grows 19.38% YoY Oct 3
Provisional Q2FY27 total business rose 19.38% YoY to ₹3,10,347 crore, which points to strong balance sheet growth.
- ₹120.10 crore PNB MetLife stake sale Sep 22
On September 21, 2026, the bank signed an escrow agreement to sell its 0.5% stake in PNB MetLife India Insurance to MetLife International Holdings at ₹117.20 per share, for a total of ₹120.10 crore. Barclays entities are the escrow agents. Selling the non-core holding frees up capital and may produce a one-time gain.
- Board changes at 88th AGM Sep 22
Director R K Chhibber retired by rotation at the 88th AGM on September 22, 2026. A September 14 addendum to the AGM notice added Tsewang Tharchin's appointment as a director.
- Four statutory auditors appointed for FY27 Sep 19
On September 18, 2026, the C&AG of India appointed four firms as statutory central auditors for FY27, replacing two outgoing auditors. This is a routine rotation for a government-linked bank.
- MD at Nuvama CEO conference Sep 19
The MD and management team were scheduled to attend Nuvama's Emerging India CEO Conference on September 28, 2026, using only publicly available documents.
- Revised FY26 annual report filed Sep 23
The bank filed a revised Integrated Annual Report 2025-26 for its 88th AGM under SEBI regulations. The report is available on the bank's website.
TL;DR: J&K Bank's business grew 19.38% YoY to ₹3,10,347 crore in Q2FY27, and the ₹120.10 crore sale of its PNB MetLife stake shows it is selling non-core holdings. The main risk is a weaker deposit mix: the CASA ratio fell to 42.01%, which could raise funding costs and hurt margins. The other news covers routine governance, including board rotation, auditor appointments and AGM filings, with no red flags. Overall the trend looks steady to positive, and the full Q2FY27 results will show whether the growth is coming at the expense of margins.
Quarterly Results
| Particulars | 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 | 2,657 | 2,764 | 2,881 | 2,910 | 2,994 | 3,124 | 3,210 | 3,213 | 3,269 | 3,293 | 3,315 | 3,273 | 3,547 |
| Expenses | 1,062 | 982 | 906 | 705 | 954 | 980 | 996 | 1,075 | 1,061 | 958 | 964 | 889 | 1,095 |
| Financing Profit | 221 | 352 | 375 | 602 | 415 | 456 | 516 | 406 | 406 | 477 | 527 | 600 | 403 |
| Fin. Margin % | 8% | 13% | 13% | 21% | 14% | 15% | 16% | 13% | 12% | 14% | 16% | 18% | 11% |
| Other Income | 230 | 193 | 186 | 229 | 198 | 301 | 242 | 403 | 253 | 157 | 280 | 262 | 217 |
| Interest | 1,374 | 1,430 | 1,600 | 1,604 | 1,625 | 1,687 | 1,697 | 1,732 | 1,803 | 1,858 | 1,824 | 1,784 | 2,049 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 452 | 545 | 561 | 830 | 614 | 757 | 758 | 810 | 659 | 635 | 807 | 862 | 621 |
| Tax % | 28% | 30% | 25% | 23% | 32% | 27% | 30% | 28% | 26% | 22% | 27% | 7% | 31% |
| Net Profit | 331 | 384 | 423 | 633 | 418 | 553 | 529 | 582 | 485 | 495 | 581 | 799 | 429 |
| EPS in Rs | 3.21 | 3.72 | 3.84 | 5.75 | 3.8 | 5.02 | 4.8 | 5.28 | 4.4 | 4.49 | 5.28 | 7.25 | 3.89 |
Profit & Loss
| Particulars | 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 | 7,061 | 6,844 | 6,686 | 6,621 | 7,676 | 8,446 | 8,111 | 8,013 | 9,355 | 11,213 | 12,541 | 13,151 | 13,429 |
| Expenses | 2,336 | 2,466 | 4,431 | 3,154 | 3,439 | 5,234 | 3,802 | 3,774 | 3,567 | 3,437 | 3,834 | 3,741 | 3,907 |
| Financing Profit | 316 | 245 | -1,919 | -283 | -55 | -1,527 | -30 | 137 | 1,178 | 1,768 | 1,966 | 2,141 | 2,007 |
| Fin. Margin % | 4% | 4% | -29% | -4% | -1% | -18% | 0% | 2% | 13% | 16% | 16% | 16% | 15% |
| Other Income | 599 | 509 | 497 | 501 | 817 | 509 | 701 | 753 | 765 | 838 | 1,140 | 951 | 918 |
| Interest | 4,409 | 4,132 | 4,173 | 3,750 | 4,291 | 4,739 | 4,340 | 4,101 | 4,609 | 6,008 | 6,741 | 7,269 | 7,515 |
| Depreciation | 95 | 64 | 85 | 97 | 104 | 126 | 134 | 144 | 158 | 218 | 168 | 128 | 0 |
| PBT | 820 | 689 | -1,507 | 121 | 659 | -1,144 | 537 | 747 | 1,786 | 2,388 | 2,939 | 2,964 | 2,925 |
| Tax % | 38% | 40% | 8% | -68% | 30% | 3% | 19% | 32% | 33% | 26% | 29% | 20% | — |
| Net Profit | 508 | 414 | -1,633 | 203 | 464 | -1,183 | 428 | 495 | 1,181 | 1,771 | 2,082 | 2,360 | 2,304 |
| EPS in Rs | 10.49 | 8.54 | -31.32 | 3.64 | 8.33 | -16.59 | 6.01 | 5.3 | 11.44 | 16.08 | 18.91 | 21.43 | 20.91 |
| Div. Payout % | 20% | 20% | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 13% | 11% | 0% | — |
Balance Sheet
| Particulars | 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 | 48 | 48 | 52 | 56 | 56 | 71 | 71 | 93 | 103 | 110 | 110 | 110 |
| Reserves | 6,060 | 6,372 | 5,621 | 6,102 | 6,566 | 6,274 | 6,731 | 7,984 | 9,793 | 12,083 | 14,098 | 16,390 |
| Borrowing | 1,740 | 2,240 | 1,276 | 1,628 | 2,624 | 2,020 | 2,015 | 2,371 | 2,892 | 2,885 | 2,383 | 3,431 |
| Deposits | 66,336 | 69,379 | 72,459 | 80,005 | 89,637 | 97,786 | 1,08,047 | 1,14,703 | 1,22,027 | 1,34,765 | 1,48,552 | 1,65,342 |
| Other Liabilities | 1,726 | 2,214 | 2,604 | 1,894 | 2,522 | 2,678 | 3,408 | 5,425 | 11,097 | 4,662 | 4,280 | 3,687 |
| Total Liabilities | 75,910 | 80,254 | 82,012 | 89,684 | 1,01,405 | 1,08,829 | 1,20,273 | 1,30,576 | 1,45,913 | 1,54,505 | 1,69,424 | 1,88,960 |
| Fixed Assets | 655 | 706 | 1,479 | 1,598 | 1,646 | 2,036 | 1,971 | 1,908 | 2,224 | 2,208 | 2,126 | 2,445 |
| CWIP | 34 | 59 | 64 | 17 | 29 | 35 | 41 | 46 | 47 | 50 | 66 | 88 |
| Investments | 22,740 | 20,334 | 21,271 | 18,860 | 23,140 | 22,990 | 30,774 | 33,785 | 34,780 | 34,900 | 41,122 | 40,520 |
| Other Assets | 52,481 | 59,156 | 59,198 | 69,210 | 76,589 | 83,768 | 87,486 | 94,837 | 1,08,860 | 1,17,347 | 1,26,110 | 1,45,906 |
| Total Assets | 75,910 | 80,254 | 82,012 | 89,684 | 1,01,405 | 1,08,829 | 1,20,273 | 1,30,576 | 1,45,913 | 1,54,505 | 1,69,424 | 1,88,960 |
Cash Flow
| Particulars | 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 | 118 | -219 | 2,457 | 2,363 | -2,992 | 4,374 | -14 | -1,568 | -407 | -853 | 2,723 | -1,126 |
| Investing | -261 | -136 | -861 | -164 | -165 | -115 | -76 | -85 | -124 | -257 | -102 | -302 |
| Financing | -338 | -176 | 593 | 668 | 769 | -339 | -199 | 941 | 638 | 407 | -1,034 | -500 |
| Net Cash Flow | -480 | -531 | 2,189 | 2,867 | -2,388 | 3,920 | -289 | -712 | 107 | -702 | 1,587 | -1,928 |
| Free Cash Flow | -131 | -355 | 1,596 | 2,199 | -3,156 | 4,259 | -90 | -1,653 | -531 | -1,038 | 2,621 | -1,595 |
| CFO/OP | 10 | 4 | 112 | 73 | -70 | 140 | 2 | -31 | 1 | -5 | 40 | -4 |
Ratios
| Particulars | 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 % | 9% | 7% | -27% | 3% | 7% | -18% | 7% | 7% | 13% | 16% | 16% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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94 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about Jammu and Kashmir Bank
What does Jammu and Kashmir Bank Ltd do?
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Which sector does Jammu and Kashmir Bank Ltd belong to?
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What is the PE ratio of Jammu and Kashmir Bank Ltd?
What is the 52-week high and low of Jammu and Kashmir Bank Ltd?
Does Jammu and Kashmir Bank Ltd pay dividends?
What is the Return on Equity (ROE) of Jammu and Kashmir Bank Ltd?
Company Information
Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.[1] It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.[2]
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