The Jammu & Kashmir Bank Ltd.

•

jkb.bank.inBSE: 532209NSE: J&KBANK

Market Cap₹ 15,995 Cr.

Current Price

High / Low₹ 202 / 97

Stock P/E6.9

Book Value₹ 141

Price to Book0.81

Dividend Yield0.00 %

ROCE17.7 %

ROE16.9 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking-Retail Banking: 58.8% • Treasury Operations: 23.5% • Corporate/Whole sale Banking: 17.1%

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 40.3% CAGR over last 5 years
Strong return ratios for a lender: 3Y avg ROE 17.5%, ROA 1.3%
Comfortable capital adequacy - CAR of 16.6%
Solid return on assets for a lender - ROA of 1.3%
Company has consistently been profitable over the last 5 years
Strong provisioning - provision coverage ratio of 90.5%

CONS

A large part of profit comes from other income (32.1% of PBT)
Though reporting repeated profits, the company pays out little dividend (0.0%)
Growth is decelerating - 3Y profit CAGR (25.5%) trails the 5Y trend (40.3%)

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

Peer comparison

Financial ServicesBankBank - Private

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	HDFCBANK	708.00	13.81	1091323.88	2.19	203826.90	1092.64	905753.30	936.66	12.81	35.64
2.	ICICIBANK	1379.15	17.65	989980.04	0.87	16209.74	12.62	52240.85	6.44	16.51	32.39
3.	KOTAKBANK	418.70	20.52	416508.36	0.16	5487.06	23.89	18354.57	6.41	12.05	19.05
4.	AXISBANK	1247.50	13.98	388399.91	0.08	7656.51	22.31	35541.96	9.87	11.04	63.88
5.	IDBI	83.44	9.63	89718.04	0.00	2130.57	5.27	7549.28	7.44	14.76	76.80
6.	FEDERALBNK	344.40	18.18	85149.33	0.35	1297.61	37.06	7861.58	9.94	10.98	66.11
7.	AUBANK	1058.00	43.57	79454.72	0.09	795.95	37.03	5302.74	21.11	14.17	56.24
8.	INDUSINDBK	977.80	57.61	76184.77	0.15	1037.02	71.68	11309.94	-7.78	4.97	55.07
9.	IDFCFIRSTB	86.20	32.24	74319.14	0.29	1147.82	153.12	11051.09	14.61	5.42	38.45
10.	YESBANK	23.47	19.52	73668.68	0.00	1071.81	32.53	8054.49	5.92	8.04	58.47
11.	RBLBANK	412.80	71.21	64022.78	0.24	2342.30	993.41	38402.40	1015.97	6.49	40.95
12.	J&KBANK	145.25	6.94	15994.68	0.00	425.32	-12.49	3547.48	8.50	17.75	69.12

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
	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
Interest Expended	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
Net Interest Income	1,284	1,334	1,281	1,306	1,369	1,436	1,512	1,482	1,467	1,435	1,491	1,489	1,499
	230	193	186	229	198	301	242	403	253	157	282	262	217
Total Income	2,888	2,957	0	0	3,193	3,424	3,452	3,619	3,523	3,450	3,597	3,536	3,765
Operating Expenses	9,856	9,919	0	0	9,716	9,475	10,058	10,870	10,456	9,689	9,911	8,392	1,011
Operating Profit	5,283	5,352	0	0	5,962	7,894	7,487	8,005	6,744	6,238	7,814	9,126	705
Provisions & Contingencies	767	-100	0	0	-175	325	-98	-92	151	-109	-258	503	84
Profit before Tax	452	545	561	830	614	757	758	810	659	635	807	862	621
Tax %	27.66%	30.00%	24.80%	22.95%	32.10%	26.98%	29.87%	27.76%	26.29%	22.02%	27.22%	7.33%	31.49%
Net Profit	327	382	0	0	417	553	532	585	486	495	588	799	425
EPS	3	4	4	6	4	5	5	5	4	4	5	7	0

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	11,213	12,541	13,151	—
Interest Expended	4,173	3,750	4,291	4,739	4,340	4,101	4,609	6,008	6,741	7,269	7,515
Net Interest Income	-4,173	-3,750	-4,291	-4,739	-4,340	-4,101	-4,609	5,205	5,800	5,882	—
	497	501	817	509	701	753	765	838	1,140	951	919
Total Income	0	0	0	0	0	0	0	12,051	13,682	14,101	14,348
	0	0	0	0	0	0	0	3,763	4,006	3,841	—
Operating Profit	-4,173	-3,750	-4,291	-4,739	-4,340	-4,101	-4,609	2,280	2,935	2,992	—
	414	176	42	103	18	-42	106	-108	-4	29	—
Profit before Tax	-1,507	121	659	-1,144	537	746	1,786	2,388	2,939	2,964	2,925
Tax %	-0.00%	0.00%	0.00%	-0.00%	0.00%	0.00%	0.00%	25.89%	29.01%	20.11%	21.13%
Net Profit	-1,633	203	464	-1,183	435	504	1,199	1,770	2,086	2,368	2,307
EPS	-34	4	8	-17	6	6	12	16	19	21	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 10%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 19%
5 Years:: 41%
3 Years:: 26%

STOCK PRICE CAGR

10 Years:: 7%
5 Years:: 31%
3 Years:: 15%
1 Year:: 43%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 15%
3 Years:: 18%
Last Year:: 17%

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	52	56	56	71	71	93	103	110	110	110
	5,621	6,102	6,566	6,274	6,731	7,890	9,793	12,083	14,098	16,390
	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
	1,276	1,628	2,624	2,020	2,015	2,371	2,892	2,885	2,383	3,431
Other Liabilities & Provisions	2,604	1,894	2,522	2,678	3,408	5,425	11,097	4,662	4,280	3,687
Total Liabilities	82,012	89,684	1,01,405	1,08,829	1,20,273	1,30,576	1,45,913	15	1,69,424	1,88,960
ASSETS	-	-	-	-	-	-	-	-	-	-
	3,591	4,328	4,875	2,947	3,685	7,750	7,794	7,250	7,385	7,622
Balances with Banks & Money at Call	1,802	3,932	997	6,845	5,818	1,042	1,105	946	2,398	233
	21,271	18,860	23,141	22,990	30,774	33,785	34,780	34,900	41,122	40,520
	49,816	56,913	66,272	64,399	66,842	70,393	82,278	93,757	1,04,184	1,22,633
	1,479	1,598	1,646	2,036	1,971	1,908	2,224	2,208	2,126	2,445
	3,989	4,037	4,445	9,576	11,141	15,652	17,684	15,394	12,143	15,419
Total Assets	82,012	89,684	1,01,405	1,08,829	1,20,273	1,30,576	1,45,913	15	1,69,424	1,88,960

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
	2,457	2,363	-2,992	4,374	-14	-1,568	-407	-853	2,723	-1,126
Cash from Investing	-861	-164	-165	-115	-76	-85	-124	-257	-102	-302
Cash from Financing	593	668	769	-339	-199	941	638	407	-1,034	-500
	2,189	2,867	-2,388	3,920	-289	-712	107	-702	1,587	-1,928

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 (₹)	-31.32	3.64	8.33	-16.59	6.01	5.30	11.44	16.08	18.91	21.43
Book Value (₹)	96.64	99.44	108.03	74.99	81.71	75.40	83.52	99.20	117.78	136.03
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.50	2.15	2.15	0.00
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.80%	3.74%	3.44%
ROA %	-2.01%	0.24%	0.49%	-1.13%	0.38%	0.40%	0.87%	1.18%	1.29%	1.32%
ROE %	-28.50%	3.83%	8.03%	-20.82%	7.78%	7.84%	15.32%	18.12%	17.46%	16.94%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	62.26%	57.71%	56.21%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	8.95%	0.00%	0.00%	0.00%	0.00%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	3.02%	0.00%	0.00%	0.00%	0.00%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	84.26%	86.20%	89.99%	90.29%	90.33%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	50.51%	47.02%	45.65%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%
	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 %	-494.59%	112.41%	128.85%	-355.12%	136.74%	16.02%	137.61%	47.67%	17.87%	13.48%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.77%	18.73%	15.49%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.33x	4.88x	5.13x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.35x	0.78x	0.81x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.60%	2.33%	0.00%

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.40	59.40	59.40	59.40	59.40	59.40	59.40	59.40	59.40
	7.16	6.47	7.07	7.64	8.01	7.85	8.14	8.35	9.38
	6.74	6.41	6.57	6.69	5.87	5.76	5.84	6.00	7.85
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.70	27.74	26.96	26.26	26.72	26.99	26.63	26.25	23.38

Documents

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

2026-09-11

Credit Rating

2026-09-11 - The Jammu & Kashmir Bank Limited has informed the Exchange about Credit Rating

2026-08-31

Retirement

2026-08-31 - The Jammu & Kashmir Bank Limited has informed the Exchange about Retirement of Mr. Rakesh Koul and Mr. Syed Rais Maqbool

2026-08-31

Appointment

2026-08-31 - The Jammu & Kashmir Bank Limited has informed the Exchange regarding Appointment of Mr. Tsewang Tharchin as Non- Executive Director of the company w.e.f. August 31, 2026.

2026-08-30

Copy of Newspaper Publication

2026-08-30 - The Jammu & Kashmir Bank Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

Updates

2026-08-29 - The Jammu & Kashmir Bank Limited has informed the Exchange regarding 'BRSR Core'.

2026-08-29

Shareholders meeting

2026-08-29 - The Jammu & Kashmir Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-20

Resignation

2026-08-20 - The Jammu & Kashmir Bank Limited has informed the Exchange regarding Resignation of Mr. Ashish Kundra IAS as Non- Executive Non - Independent Director of the Bank w.e.f. August 20, 2026.

2026-08-20

Resignation of Director/KMP/SMP

2026-08-20 - The Jammu & Kashmir Bank Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-20

Resignation

2026-08-20 - The Jammu & Kashmir Bank Limited has informed the Exchange regarding Resignation of Mr. Ashish Kundra IAS as Non- Executive Non-Independent Director of the Bank w.e.f. August 20, 2026.

News

Recent coverage and analyst commentary for J&KBANK

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Free 5nance Account

Name

HDFCBANK

708.00

13.81

1091323.88

2.19

203826.90

1092.64

905753.30

936.66

12.81

35.64

ICICIBANK

1379.15

17.65

989980.04

0.87

16209.74

12.62

52240.85

6.44

16.51

32.39

KOTAKBANK

418.70

20.52

416508.36

0.16

5487.06

23.89

18354.57

6.41

12.05

19.05

AXISBANK

1247.50

13.98

388399.91

0.08

7656.51

22.31

35541.96

9.87

11.04

63.88

IDBI

83.44

9.63

89718.04

0.00

2130.57

5.27

7549.28

7.44

14.76

76.80

FEDERALBNK

344.40

18.18

85149.33

0.35

1297.61

37.06

7861.58

9.94

10.98

66.11

AUBANK

1058.00

43.57

79454.72

0.09

795.95

37.03

5302.74

21.11

14.17

56.24

INDUSINDBK

977.80

57.61

76184.77

0.15

1037.02

71.68

11309.94

-7.78

4.97

55.07

IDFCFIRSTB

86.20

32.24

74319.14

0.29

1147.82

153.12

11051.09

14.61

5.42

38.45

YESBANK

23.47

19.52

73668.68

0.00

1071.81

32.53

8054.49

5.92

8.04

58.47

RBLBANK

412.80

71.21

64022.78

0.24

2342.30

993.41

38402.40

1015.97

6.49

40.95

J&KBANK

145.25

6.94

15994.68

0.00

425.32

-12.49

3547.48

8.50

17.75

69.12

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

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

Interest Expended

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

Net Interest Income

1,284

1,334

1,281

1,306

1,369

1,436

1,512

1,482

1,467

1,435

1,491

1,489

1,499

230

193

186

229

198

301

242

403

253

157

282

262

217

Total Income

2,888

2,957

3,193

3,424

3,452

3,619

3,523

3,450

3,597

3,536

3,765

Operating Expenses

9,856

9,919

9,716

9,475

10,058

10,870

10,456

9,689

9,911

8,392

1,011

Operating Profit

5,283

5,352

5,962

7,894

7,487

8,005

6,744

6,238

7,814

9,126

705

Provisions & Contingencies

767

-100

-175

325

-98

-92

151

-109

-258

503

Profit before Tax

452

545

561

830

614

757

758

810

659

635

807

862

621

Tax %

27.66%

30.00%

24.80%

22.95%

32.10%

26.98%

29.87%

27.76%

26.29%

22.02%

27.22%

7.33%

31.49%

Net Profit

327

382

417

553

532

585

486

495

588

799

425

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

11,213

12,541

13,151

—

Interest Expended

4,173

3,750

4,291

4,739

4,340

4,101

4,609

6,008

6,741

7,269

7,515

Net Interest Income

-4,173

-3,750

-4,291

-4,739

-4,340

-4,101

-4,609

5,205

5,800

5,882

—

497

501

817

509

701

753

765

838

1,140

951

919

Total Income

12,051

13,682

14,101

14,348

3,763

4,006

3,841

—

Operating Profit

-4,173

-3,750

-4,291

-4,739

-4,340

-4,101

-4,609

2,280

2,935

2,992

—

414

176

103

-42

106

-108

-4

—

Profit before Tax

-1,507

121

659

-1,144

537

746

1,786

2,388

2,939

2,964

2,925

Tax %

-0.00%

0.00%

-0.00%

0.00%

25.89%

29.01%

20.11%

21.13%

Net Profit

-1,633

203

464

-1,183

435

504

1,199

1,770

2,086

2,368

2,307

EPS

-34

-17

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

103

110

5,621

6,102

6,566

6,274

6,731

7,890

9,793

12,083

14,098

16,390

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

1,276

1,628

2,624

2,020

2,015

2,371

2,892

2,885

2,383

3,431

Other Liabilities & Provisions

2,604

1,894

2,522

2,678

3,408

5,425

11,097

4,662

4,280

3,687

Total Liabilities

82,012

89,684

1,01,405

1,08,829

1,20,273

1,30,576

1,45,913

1,69,424

1,88,960

ASSETS

3,591

4,328

4,875

2,947

3,685

7,750

7,794

7,250

7,385

7,622

Balances with Banks & Money at Call

1,802

3,932

997

6,845

5,818

1,042

1,105

946

2,398

233

21,271

18,860

23,141

22,990

30,774

33,785

34,780

34,900

41,122

40,520

49,816

56,913

66,272

64,399

66,842

70,393

82,278

93,757

1,04,184

1,22,633

1,479

1,598

1,646

2,036

1,971

1,908

2,224

2,208

2,126

2,445

3,989

4,037

4,445

9,576

11,141

15,652

17,684

15,394

12,143

15,419

Total Assets

82,012

89,684

1,01,405

1,08,829

1,20,273

1,30,576

1,45,913

1,69,424

1,88,960

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

2,457

2,363

-2,992

4,374

-14

-1,568

-407

-853

2,723

-1,126

Cash from Investing

-861

-164

-165

-115

-76

-85

-124

-257

-102

-302

Cash from Financing

593

668

769

-339

-199

941

638

407

-1,034

-500

2,189

2,867

-2,388

3,920

-289

-712

107

-702

1,587

-1,928

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

-31.32

3.64

8.33

-16.59

6.01

5.30

11.44

16.08

18.91

21.43

Book Value (₹)

96.64

99.44

108.03

74.99

81.71

75.40

83.52

99.20

117.78

136.03

Dividend per Share (₹)

0.00

0.50

2.15

0.00

PROFITABILITY

Net Interest Margin %

0.00%

3.80%

3.74%

3.44%

ROA %

-2.01%

0.24%

0.49%

-1.13%

0.38%

0.40%

0.87%

1.18%

1.29%

1.32%

ROE %

-28.50%

3.83%

8.03%

-20.82%

7.78%

7.84%

15.32%

18.12%

17.46%

16.94%

0.00%

62.26%

57.71%

56.21%

ASSET QUALITY

Gross NPA %

0.00%

8.95%

0.00%

Net NPA %

0.00%

3.02%

0.00%

Provision Coverage %

0.00%

84.26%

86.20%

89.99%

90.29%

90.33%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

50.51%

47.02%

45.65%

Credit-Deposit Ratio %

0.00%

0.02%

0.00%

GROWTH & VALUATION

Net Profit Growth %

-494.59%

112.41%

128.85%

-355.12%

136.74%

16.02%

137.61%

47.67%

17.87%

13.48%

Book Value Growth %

0.00%

18.77%

18.73%

15.49%

P/E (x)

0.00x

8.33x

4.88x

5.13x

P/B (x)

0.00x

1.35x

0.78x

0.81x

0.00%

1.60%

2.33%

0.00%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

59.40

7.16

6.47

7.07

7.64

8.01

7.85

8.14

8.35

9.38

6.74

6.41

6.57

6.69

5.87

5.76

5.84

6.00

7.85

Government

0.00

26.70

27.74

26.96

26.26

26.72

26.99

26.63

26.25

23.38

The Jammu & Kashmir Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

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The Jammu & Kashmir Bank Ltd.

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