Indian Bank

•

indianbank.inBSE: 532814NSE: INDIANB

Market Cap₹ 1,14,883 Cr.

Current Price

High / Low₹ 1,001 / 690

Stock P/E9.2

Book Value₹ 557

Price to Book1.60

Dividend Yield2.14 %

ROCE16.5 %

ROE18.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking: 41.6% • Corporate / Wholesale Banking: 32.3% • Treasury: 24.2%

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
Strong return ratios for a lender: 3Y avg ROE 18.1%, ROA 1.2%
Comfortable capital adequacy - CAR of 17.9%
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 (60.9% of PBT)
Operating margins have contracted to 29.5% from 34.0%

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	13,049	13,743	14,198	14,624	15,039	15,348	15,759	15,856	16,283	16,590	17,098	17,480	18,090
Interest Expended	7,346	8,003	8,383	8,609	8,861	9,153	9,345	9,467	9,924	10,039	10,202	10,371	10,655
Net Interest Income	5,704	5,740	5,814	6,015	6,178	6,194	6,415	6,389	6,359	6,551	6,896	7,110	7,435
	1,710	1,993	1,902	2,263	1,906	2,422	2,153	2,743	2,439	2,487	2,566	2,500	2,633
Total Income	0	0	0	0	17,118	17,971	18,168	18,794	18,906	19,271	19,895	20,261	20,724
Operating Expenses	3,278	3,430	3,619	3,973	3,582	3,888	3,818	4,114	4,027	4,201	4,438	4,323	4,511
Operating Profit	4,135	4,303	4,097	4,305	4,502	4,729	4,749	5,019	4,770	4,837	5,024	5,286	5,557
Provisions & Contingencies	1,741	1,551	1,349	1,248	1,258	1,099	1,059	795	691	739	857	1,226	1,196
Profit before Tax	2,394	2,752	2,748	3,057	3,243	3,629	3,690	4,224	4,079	4,098	4,167	4,060	4,362
Tax %	28.62%	27.77%	22.87%	26.50%	25.89%	25.43%	22.71%	30.02%	27.12%	26.35%	26.52%	23.57%	24.96%
Net Profit	1,709	1,988	2,119	2,247	2,403	2,706	2,852	2,956	2,973	3,018	3,061	3,103	3,273
EPS	14	16	17	17	18	20	21	22	22	22	23	23	2

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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	55,615	62,002	67,451	—
Interest Expended	10,894	10,850	12,167	13,799	23,440	22,128	24,717	32,341	36,826	40,536	41,267
Net Interest Income	-10,894	-10,850	-12,167	-13,799	-23,440	-22,128	-24,717	23,273	25,176	26,915	—
	2,211	2,406	1,883	3,312	5,650	6,915	7,143	7,867	9,223	9,991	10,185
Total Income	0	0	0	0	0	0	0	63,481	71,226	77,441	80,151
	0	0	0	0	0	0	0	14,300	15,402	16,989	—
Operating Profit	-10,894	-10,850	-12,167	-13,799	-23,440	-22,128	-24,717	16,840	18,998	19,916	—
	2,194	3,725	4,599	4,822	7,785	9,522	9,307	5,888	4,211	3,512	—
Profit before Tax	1,758	1,076	284	1,373	2,906	3,204	5,914	10,951	14,787	16,404	16,686
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.37%	26.16%	25.90%	25.35%
Net Profit	1,406	1,259	322	753	3,005	3,945	5,282	8,063	10,918	12,156	12,456
EPS	29	26	7	14	27	32	42	60	81	90	—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: 33%
5 Years:: 32%
3 Years:: 32%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 16%
3 Years:: 18%
Last Year:: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	16,682	17,968	18,908	21,480	37,283	42,463	46,727	57,041	67,963	76,944
	1,82,509	2,08,294	2,42,076	2,60,226	5,38,071	5,93,618	6,21,166	6,88,000	7,37,154	8,27,726
	12,637	19,760	12,138	20,830	24,734	17,209	22,073	23,131	41,508	46,692
Other Liabilities & Provisions	5,925	6,213	6,463	6,323	22,209	17,132	19,289	23,100	25,439	35,243
Total Liabilities	2,18,233	2,52,716	2,80,065	3,09,468	6,23,427	6,71,668	7,10,501	79	87	99
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	4,453	2,426	8,319	8,189	23,919	21,361	17,440	9,406	22,920	31,536
	67,552	71,398	64,992	81,242	1,76,537	1,74,559	1,85,988	2,12,554	2,25,303	2,44,666
	1,27,699	1,56,569	1,81,262	1,97,887	3,62,669	3,89,186	4,49,297	5,14,889	5,71,071	6,54,888
	3,432	3,418	3,961	3,895	7,375	7,680	7,455	7,499	8,796	8,613
	9,498	8,403	9,829	12,519	25,380	20,324	17,624	15,551	13,342	14,162
Total Assets	2,18,233	2,52,716	2,80,065	3,09,468	6,23,427	6,71,668	7,10,501	79	87	99

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10,819	-3,676	6,268	-8,401	17,229	28,733	-27,943	-8,613	17,351	18,785
Cash from Investing	-179	-214	-248	-247	-543	-299	-297	-605	-329	-414
Cash from Financing	9,041	6,776	1,000	2,552	1,866	18	-1,543	1,195	-4,264	-7,649
	-1,958	2,886	7,020	-6,096	18,551	28,452	-29,783	-8,023	12,759	10,722

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	29.27	26.21	6.70	12.37	26.61	31.67	42.41	59.86	81.06	90.24
Book Value (₹)	301.10	329.53	339.24	313.76	289.16	301.08	336.15	389.12	461.10	528.77
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%	2.96%	2.79%
ROA %	0.67%	0.53%	0.12%	0.26%	0.64%	0.61%	0.76%	1.07%	1.31%	1.31%
ROE %	10.06%	8.31%	2.00%	4.26%	11.61%	11.25%	13.31%	17.10%	19.07%	18.23%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	45.92%	44.77%	46.03%
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%	16.44%	17.94%	17.93%
GROWTH & VALUATION
Net Profit Growth %	97.60%	-10.44%	-74.43%	134.00%	298.84%	31.29%	33.89%	52.66%	35.41%	11.33%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.76%	18.50%	14.68%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.70x	6.69x	9.37x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.34x	1.18x	1.60x
	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

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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

13,049

13,743

14,198

14,624

15,039

15,348

15,759

15,856

16,283

16,590

17,098

17,480

18,090

Interest Expended

7,346

8,003

8,383

8,609

8,861

9,153

9,345

9,467

9,924

10,039

10,202

10,371

10,655

Net Interest Income

5,704

5,740

5,814

6,015

6,178

6,194

6,415

6,389

6,359

6,551

6,896

7,110

7,435

1,710

1,993

1,902

2,263

1,906

2,422

2,153

2,743

2,439

2,487

2,566

2,500

2,633

Total Income

17,118

17,971

18,168

18,794

18,906

19,271

19,895

20,261

20,724

Operating Expenses

3,278

3,430

3,619

3,973

3,582

3,888

3,818

4,114

4,027

4,201

4,438

4,323

4,511

Operating Profit

4,135

4,303

4,097

4,305

4,502

4,729

4,749

5,019

4,770

4,837

5,024

5,286

5,557

Provisions & Contingencies

1,741

1,551

1,349

1,248

1,258

1,099

1,059

795

691

739

857

1,226

1,196

Profit before Tax

2,394

2,752

2,748

3,057

3,243

3,629

3,690

4,224

4,079

4,098

4,167

4,060

4,362

Tax %

28.62%

27.77%

22.87%

26.50%

25.89%

25.43%

22.71%

30.02%

27.12%

26.35%

26.52%

23.57%

24.96%

Net Profit

1,709

1,988

2,119

2,247

2,403

2,706

2,852

2,956

2,973

3,018

3,061

3,103

3,273

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

55,615

62,002

67,451

—

Interest Expended

10,894

10,850

12,167

13,799

23,440

22,128

24,717

32,341

36,826

40,536

41,267

Net Interest Income

-10,894

-10,850

-12,167

-13,799

-23,440

-22,128

-24,717

23,273

25,176

26,915

—

2,211

2,406

1,883

3,312

5,650

6,915

7,143

7,867

9,223

9,991

10,185

Total Income

63,481

71,226

77,441

80,151

14,300

15,402

16,989

—

Operating Profit

-10,894

-10,850

-12,167

-13,799

-23,440

-22,128

-24,717

16,840

18,998

19,916

—

2,194

3,725

4,599

4,822

7,785

9,522

9,307

5,888

4,211

3,512

—

Profit before Tax

1,758

1,076

284

1,373

2,906

3,204

5,914

10,951

14,787

16,404

16,686

Tax %

0.00%

26.37%

26.16%

25.90%

25.35%

Net Profit

1,406

1,259

322

753

3,005

3,945

5,282

8,063

10,918

12,156

12,456

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

16,682

17,968

18,908

21,480

37,283

42,463

46,727

57,041

67,963

76,944

1,82,509

2,08,294

2,42,076

2,60,226

5,38,071

5,93,618

6,21,166

6,88,000

7,37,154

8,27,726

12,637

19,760

12,138

20,830

24,734

17,209

22,073

23,131

41,508

46,692

Other Liabilities & Provisions

5,925

6,213

6,463

6,323

22,209

17,132

19,289

23,100

25,439

35,243

Total Liabilities

2,18,233

2,52,716

2,80,065

3,09,468

6,23,427

6,71,668

7,10,501

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

4,453

2,426

8,319

8,189

23,919

21,361

17,440

9,406

22,920

31,536

67,552

71,398

64,992

81,242

1,76,537

1,74,559

1,85,988

2,12,554

2,25,303

2,44,666

1,27,699

1,56,569

1,81,262

1,97,887

3,62,669

3,89,186

4,49,297

5,14,889

5,71,071

6,54,888

3,432

3,418

3,961

3,895

7,375

7,680

7,455

7,499

8,796

8,613

9,498

8,403

9,829

12,519

25,380

20,324

17,624

15,551

13,342

14,162

Total Assets

2,18,233

2,52,716

2,80,065

3,09,468

6,23,427

6,71,668

7,10,501

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-10,819

-3,676

6,268

-8,401

17,229

28,733

-27,943

-8,613

17,351

18,785

Cash from Investing

-179

-214

-248

-247

-543

-299

-297

-605

-329

-414

Cash from Financing

9,041

6,776

1,000

2,552

1,866

-1,543

1,195

-4,264

-7,649

-1,958

2,886

7,020

-6,096

18,551

28,452

-29,783

-8,023

12,759

10,722

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

29.27

26.21

6.70

12.37

26.61

31.67

42.41

59.86

81.06

90.24

Book Value (₹)

301.10

329.53

339.24

313.76

289.16

301.08

336.15

389.12

461.10

528.77

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%

2.96%

2.79%

ROA %

0.67%

0.53%

0.12%

0.26%

0.64%

0.61%

0.76%

1.07%

1.31%

ROE %

10.06%

8.31%

2.00%

4.26%

11.61%

11.25%

13.31%

17.10%

19.07%

18.23%

0.00%

45.92%

44.77%

46.03%

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%

16.44%

17.94%

17.93%

GROWTH & VALUATION

Net Profit Growth %

97.60%

-10.44%

-74.43%

134.00%

298.84%

31.29%

33.89%

52.66%

35.41%

11.33%

Book Value Growth %

0.00%

15.76%

18.50%

14.68%

P/E (x)

0.00x

8.70x

6.69x

9.37x

P/B (x)

0.00x

1.34x

1.18x

1.60x

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

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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