Indian Bank

•

indianbank.inBSE: 532814NSE: INDIANB

Market Cap₹ 1,14,883 Cr.

Current Price

High / Low₹ 1,001 / 690

Stock P/E9.0

Book Value₹ 570

Price to Book1.56

Dividend Yield2.14 %

ROCE16.3 %

ROE17.8 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking: 41.1% • Corporate / Wholesale Banking: 31.9% • Treasury: 23.9%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 32.3% CAGR over last 5 years
Comfortable capital adequacy - CAR of 17.9%
Strong return ratios for a lender: 3Y avg ROE 17.7%, ROA 1.2%
Solid return on assets for a lender - ROA of 1.3%
Asset quality is healthy - gross NPA of just 2.0%

CONS

A large part of profit comes from other income (65.7% of PBT)
Operating margins have contracted to 29.7% from 34.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Public

Part ofNIFTYM150MOMNTM50 NIFTY ALPHA 50 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150

S.No.	Name
1.	SBIN	997.00	10.68	920292.57	1.74	24579.04	13.65	136240.49	8.36	12.16	52.34
2.	UNIONBANK	178.00	6.58	135878.18	2.81	5368.17	29.77	27427.10	1.21	14.57	69.42
3.	PNB	116.65	6.07	134065.18	2.57	5339.15	191.40	33589.17	3.12	13.26	75.40
4.	BANKBARODA	237.80	6.77	122974.99	3.57	1572.59	-53.08	35114.52	6.84	11.20	33.10
5.	INDIANB	852.90	8.99	114882.56	2.14	3299.48	48.73	18095.14	11.11	16.28	67.14
6.	CANBK	123.90	5.66	112385.37	3.39	4864.08	61.96	32957.16	4.55	14.46	68.47
7.	MAHABANK	84.17	8.59	64739.82	2.61	2020.54	26.83	8034.65	13.90	16.53	68.61
8.	IOB	33.13	10.71	63797.08	0.00	1659.24	49.25	8777.57	18.82	11.31	54.56
9.	BANKINDIA	139.80	5.40	63646.30	3.33	3138.46	77.92	20096.90	8.83	10.97	73.18
10.	UCOBANK	23.98	12.18	30069.86	1.83	652.43	24.09	6744.59	15.10	11.00	54.71
11.	CENTRALBK	30.75	6.10	27833.06	3.90	1328.95	5.43	9725.90	12.79	8.27	67.83
12.	PSB	22.78	11.68	16163.74	1.71	331.51	23.16	3213.37	10.40	9.07	71.38

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	13,050	13,764	14,203	14,633	15,041	15,369	15,770	15,860	16,285	16,628	17,102	17,488	18,095
Interest Expended	7,346	8,003	8,383	8,609	8,861	9,154	9,345	9,467	9,924	10,040	10,203	10,372	10,657
Net Interest Income	5,704	5,761	5,819	6,024	6,180	6,216	6,425	6,393	6,361	6,589	6,899	7,117	7,438
	1,871	2,166	2,113	2,432	2,077	2,602	2,397	2,935	2,620	2,643	2,793	2,773	2,902
Total Income	0	0	0	0	17,118	17,971	18,168	18,794	18,906	19,271	19,895	20,261	20,997
Operating Expenses	0	0	0	0	37,332	40,447	40,421	43,032	41,891	43,699	46,354	45,835	4,752
Operating Profit	0	0	0	0	45,240	47,731	47,803	50,241	47,924	48,615	50,565	53,058	5,588
Provisions & Contingencies	0	0	0	0	12,611	10,991	10,596	7,943	6,910	7,385	8,571	12,280	1,194
Profit before Tax	2,415	2,777	2,774	3,078	3,263	3,674	3,721	4,230	3,335	4,123	4,199	4,078	4,394
Tax %	28.58%	27.68%	22.99%	26.57%	25.92%	25.42%	22.70%	29.99%	33.47%	26.25%	26.51%	23.61%	24.92%
Net Profit	0	0	0	0	2,417	2,740	2,876	2,961	2,219	3,041	3,086	3,115	3,299
EPS	15	17	17	17	19	21	22	22	17	23	23	24	2

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	55,650	62,039	67,504	—
Interest Expended	10,891	10,851	12,167	13,798	23,439	22,129	24,717	32,341	36,826	40,539	41,271
Net Interest Income	-10,891	-10,851	-12,167	-13,798	-23,439	-22,129	-24,717	23,309	25,213	26,965	—
	2,222	2,417	1,891	3,326	6,111	7,380	7,804	8,582	10,011	10,829	11,110
Total Income	0	0	0	0	0	0	0	64,232	72,051	78,333	80,424
	0	0	0	0	0	0	0	14,953	16,123	17,778	—
Operating Profit	-10,891	-10,851	-12,167	-13,798	-23,439	-22,129	-24,717	16,938	19,101	20,016	—
	2,194	3,725	4,599	486	7,785	9,522	9,307	5,921	4,238	3,541	—
Profit before Tax	1,765	1,080	283	1,377	2,917	3,253	5,963	11,017	14,864	16,475	16,795
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.22%	26.03%	25.78%	25.33%
Net Profit	1,413	1,263	321	758	3,016	3,994	5,330	8,129	10,995	12,227	12,541
EPS	30	27	8	0	28	34	45	63	84	87	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 12%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: 32%
5 Years:: 30%
3 Years:: 28%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 47%
3 Years:: 31%
1 Year:: 23%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 15%
3 Years:: 18%
Last Year:: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	480	480	480	609	1,129	1,245	1,245	1,347	1,347	1,347
	16,954	18,235	19,235	22,159	38,329	43,706	48,261	58,901	70,166	78,696
	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
	12,637	19,760	12,138	20,830	24,763	17,218	22,092	23,143	41,552	46,807
Other Liabilities & Provisions	5,938	6,224	6,474	6,338	23,262	18,331	20,585	24,335	26,843	37,015
Total Liabilities	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
ASSETS	-	-	-	-	-	-	-	-	-	-
	5,589	10,502	11,702	5,736	27,545	58,555	32,693	32,703	31,948	34,055
Balances with Banks & Money at Call	4,459	2,432	8,326	8,200	23,959	21,414	17,524	9,474	23,014	31,645
	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
	1,27,708	1,56,569	1,81,262	1,97,887	3,62,669	3,89,186	4,49,294	5,14,889	5,71,071	6,54,888
	3,436	3,421	3,964	3,898	7,391	7,693	7,470	7,523	8,826	8,642
	9,525	8,438	9,862	12,547	25,677	20,742	17,976	15,861	13,728	14,606
Total Assets	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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10,814	-3,676	6,270	-8,396	17,231	28,750	-27,894	-8,617	17,396	18,815
Cash from Investing	-179	-214	-249	-247	-545	-305	-314	-618	-348	-428
Cash from Financing	9,041	6,776	1,000	2,552	1,866	18	-1,543	1,195	-4,264	-7,649
	-1,952	2,886	7,021	-6,091	18,552	28,464	-29,751	-8,040	12,784	10,738

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	30.25	27.29	7.91	14.15	27.88	33.26	44.74	62.51	83.61	86.89
Book Value (₹)	306.76	335.09	346.05	373.97	349.38	311.06	348.47	402.93	477.46	541.78
Dividend per Share (₹)	6.00	6.00	0.00	0.00	2.00	6.50	8.60	12.00	16.25	18.25
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.02%	2.95%	2.78%
ROA %	0.67%	0.54%	0.12%	0.26%	0.64%	0.61%	0.77%	1.08%	1.31%	1.31%
ROE %	9.94%	8.19%	1.96%	3.85%	9.69%	10.21%	12.98%	16.65%	18.54%	17.81%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	46.89%	45.77%	47.04%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	8.47%	0.00%	0.00%	3.09%	1.98%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	2.27%	0.00%	0.00%	0.19%	0.15%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	87.38%	0.00%	0.00%	98.10%	98.28%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	40.77%	38.37%	37.88%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.06%	0.06%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GROWTH & VALUATION
Net Profit Growth %	97.74%	-10.62%	-74.59%	136.21%	297.81%	32.44%	33.47%	52.50%	35.25%	11.21%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.63%	18.50%	13.47%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.33x	6.49x	9.74x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.29x	1.14x	1.56x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.30%	3.00%	2.16%

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.84	73.84	73.84	73.84	73.84	73.84	73.84	73.84
	4.99	4.78	4.74	4.54	4.68	5.64	5.82	6.08
	17.35	17.64	17.78	18.05	18.62	17.82	17.75	17.03
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.82	3.74	3.65	3.56	2.87	2.71	2.59	2.97

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Strikes/Lockouts/Disturbances

2026-09-09 - Indian Bank has informed the Exchange about strikes/lockouts/disturbances

2026-09-09

General Updates

2026-09-09 - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015- Sale of Shares of NSE held by Indian Bank in the proposed IPO of NSE through Offer for Sale

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Indian Bank has informed the Exchange about Investors / Analysts interaction / meet - Outcome

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Indian Bank has informed the Exchange about Newspaper Publication regarding opening of Special Window for Transfer and Dematerialization of Physical Securities

2026-09-01

General Updates

2026-09-01 - Indian Bank has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015: Imposition of monetary penalty on the Bank by Reserve Bank of India on Bank s Currency Chest- Satna

2026-09-01

General Updates

2026-09-01 - Indian Bank has informed the Exchange about Revision in Benchmark Rates

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Indian Bank has informed the Exchange about Investors interaction / Meet - Outcome

2026-08-19

Investor Presentation

2026-08-19 - Indian Bank has informed the Exchange about Investor Presentation

2026-08-19

General Updates

2026-08-19 - Indian Bank has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

News

Recent coverage and analyst commentary for INDIANB

Loading news…

🤖

AI Stock Analyst

Indian Bank

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

SBIN

997.00

10.68

920292.57

1.74

24579.04

13.65

136240.49

8.36

12.16

52.34

UNIONBANK

178.00

6.58

135878.18

2.81

5368.17

29.77

27427.10

1.21

14.57

69.42

PNB

116.65

6.07

134065.18

2.57

5339.15

191.40

33589.17

3.12

13.26

75.40

BANKBARODA

237.80

6.77

122974.99

3.57

1572.59

-53.08

35114.52

6.84

11.20

33.10

INDIANB

852.90

8.99

114882.56

2.14

3299.48

48.73

18095.14

11.11

16.28

67.14

CANBK

123.90

5.66

112385.37

3.39

4864.08

61.96

32957.16

4.55

14.46

68.47

MAHABANK

84.17

8.59

64739.82

2.61

2020.54

26.83

8034.65

13.90

16.53

68.61

IOB

33.13

10.71

63797.08

0.00

1659.24

49.25

8777.57

18.82

11.31

54.56

BANKINDIA

139.80

5.40

63646.30

3.33

3138.46

77.92

20096.90

8.83

10.97

73.18

UCOBANK

23.98

12.18

30069.86

1.83

652.43

24.09

6744.59

15.10

11.00

54.71

CENTRALBK

30.75

6.10

27833.06

3.90

1328.95

5.43

9725.90

12.79

8.27

67.83

PSB

22.78

11.68

16163.74

1.71

331.51

23.16

3213.37

10.40

9.07

71.38

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

13,050

13,764

14,203

14,633

15,041

15,369

15,770

15,860

16,285

16,628

17,102

17,488

18,095

Interest Expended

7,346

8,003

8,383

8,609

8,861

9,154

9,345

9,467

9,924

10,040

10,203

10,372

10,657

Net Interest Income

5,704

5,761

5,819

6,024

6,180

6,216

6,425

6,393

6,361

6,589

6,899

7,117

7,438

1,871

2,166

2,113

2,432

2,077

2,602

2,397

2,935

2,620

2,643

2,793

2,773

2,902

Total Income

17,118

17,971

18,168

18,794

18,906

19,271

19,895

20,261

20,997

Operating Expenses

37,332

40,447

40,421

43,032

41,891

43,699

46,354

45,835

4,752

Operating Profit

45,240

47,731

47,803

50,241

47,924

48,615

50,565

53,058

5,588

Provisions & Contingencies

12,611

10,991

10,596

7,943

6,910

7,385

8,571

12,280

1,194

Profit before Tax

2,415

2,777

2,774

3,078

3,263

3,674

3,721

4,230

3,335

4,123

4,199

4,078

4,394

Tax %

28.58%

27.68%

22.99%

26.57%

25.92%

25.42%

22.70%

29.99%

33.47%

26.25%

26.51%

23.61%

24.92%

Net Profit

2,417

2,740

2,876

2,961

2,219

3,041

3,086

3,115

3,299

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

55,650

62,039

67,504

—

Interest Expended

10,891

10,851

12,167

13,798

23,439

22,129

24,717

32,341

36,826

40,539

41,271

Net Interest Income

-10,891

-10,851

-12,167

-13,798

-23,439

-22,129

-24,717

23,309

25,213

26,965

—

2,222

2,417

1,891

3,326

6,111

7,380

7,804

8,582

10,011

10,829

11,110

Total Income

64,232

72,051

78,333

80,424

14,953

16,123

17,778

—

Operating Profit

-10,891

-10,851

-12,167

-13,798

-23,439

-22,129

-24,717

16,938

19,101

20,016

—

2,194

3,725

4,599

486

7,785

9,522

9,307

5,921

4,238

3,541

—

Profit before Tax

1,765

1,080

283

1,377

2,917

3,253

5,963

11,017

14,864

16,475

16,795

Tax %

0.00%

26.22%

26.03%

25.78%

25.33%

Net Profit

1,413

1,263

321

758

3,016

3,994

5,330

8,129

10,995

12,227

12,541

EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

480

609

1,129

1,245

1,347

16,954

18,235

19,235

22,159

38,329

43,706

48,261

58,901

70,166

78,696

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

12,637

19,760

12,138

20,830

24,763

17,218

22,092

23,143

41,552

46,807

Other Liabilities & Provisions

5,938

6,224

6,474

6,338

23,262

18,331

20,585

24,335

26,843

37,015

Total Liabilities

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

ASSETS

5,589

10,502

11,702

5,736

27,545

58,555

32,693

32,703

31,948

34,055

Balances with Banks & Money at Call

4,459

2,432

8,326

8,200

23,959

21,414

17,524

9,474

23,014

31,645

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

1,27,708

1,56,569

1,81,262

1,97,887

3,62,669

3,89,186

4,49,294

5,14,889

5,71,071

6,54,888

3,436

3,421

3,964

3,898

7,391

7,693

7,470

7,523

8,826

8,642

9,525

8,438

9,862

12,547

25,677

20,742

17,976

15,861

13,728

14,606

Total Assets

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

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-10,814

-3,676

6,270

-8,396

17,231

28,750

-27,894

-8,617

17,396

18,815

Cash from Investing

-179

-214

-249

-247

-545

-305

-314

-618

-348

-428

Cash from Financing

9,041

6,776

1,000

2,552

1,866

-1,543

1,195

-4,264

-7,649

-1,952

2,886

7,021

-6,091

18,552

28,464

-29,751

-8,040

12,784

10,738

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

30.25

27.29

7.91

14.15

27.88

33.26

44.74

62.51

83.61

86.89

Book Value (₹)

306.76

335.09

346.05

373.97

349.38

311.06

348.47

402.93

477.46

541.78

Dividend per Share (₹)

6.00

0.00

2.00

6.50

8.60

12.00

16.25

18.25

PROFITABILITY

Net Interest Margin %

0.00%

3.02%

2.95%

2.78%

ROA %

0.67%

0.54%

0.12%

0.26%

0.64%

0.61%

0.77%

1.08%

1.31%

ROE %

9.94%

8.19%

1.96%

3.85%

9.69%

10.21%

12.98%

16.65%

18.54%

17.81%

0.00%

46.89%

45.77%

47.04%

ASSET QUALITY

Gross NPA %

0.00%

8.47%

0.00%

3.09%

1.98%

Net NPA %

0.00%

2.27%

0.00%

0.19%

0.15%

Provision Coverage %

0.00%

87.38%

0.00%

98.10%

98.28%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

40.77%

38.37%

37.88%

Credit-Deposit Ratio %

0.00%

0.03%

0.06%

0.00%

GROWTH & VALUATION

Net Profit Growth %

97.74%

-10.62%

-74.59%

136.21%

297.81%

32.44%

33.47%

52.50%

35.25%

11.21%

Book Value Growth %

0.00%

15.63%

18.50%

13.47%

P/E (x)

0.00x

8.33x

6.49x

9.74x

P/B (x)

0.00x

1.29x

1.14x

1.56x

0.00%

2.30%

3.00%

2.16%

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.84

4.99

4.78

4.74

4.54

4.68

5.64

5.82

6.08

17.35

17.64

17.78

18.05

18.62

17.82

17.75

17.03

Government

0.00

3.82

3.74

3.65

3.56

2.87

2.71

2.59

2.97

Indian Bank

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Indian Bank

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI