B

Bandhan Bank Limited

BANDHANBNKNSE
Market snapshot · 2026-08-11 02:13 UTC

172.62

₹-3.40 (-1.93%)

MARKET CAP

₹27.81K Cr

STOCK P/E

21.0x

52W HIGH

₹220.76

52W LOW

₹134.25

BOOK VALUE

₹158.96

EPS

₹8.23

ROE

SECTOR

Financials

GROSS NPA

3.15%

VOLUME

66.29L

P/B RATIO

1.09x

NET NPA

0.93%

Sector

Financials

Themes

Private BanksLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹213.25₹194.96₹176.67₹158.37₹140.08VolumeDEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Bandhan Bank is an Indian private-sector bank serving personal and business customers. Retail Banking drives deposits and loans, while Corporate/Wholesale Banking supports business lending and Treasury invests in sovereign securities. Microfinance sector contraction reduced the portfolio 4% to ₹3.26 lakh crore, pressuring loan growth and contributing to 6.2% revenue decline. Profit fell 55.4% year-on-year, while margins remained stable; ROE is unavailable, limiting returns analysis. At 21.0x earnings, valuation appears fair relative to the sector, but subdued growth and microfinance portfolio contraction remain key risks.

Valuation Metrics

Trading 3.3% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.36). Confidence: 84%.

Live forward EPS implies next-12-month EPS of ₹20.58. Applying the stock's normalized valuation corridor produces a fair range of ₹403.16 to ₹509.77, with base value near ₹446.17 (+158.5% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹20.58

Forward P/E

8.4x

Base Fair Value

₹446.17

Fair Range

₹403.16 - ₹509.77

Upside To Base

+158.5%

Estimate Source

Live forward EPS

Growth Estimate

+34.6%

P/B
Undervalued

5Y Average

1.10

Current

1.09

Overvalued

1.27

Undervalued

0.94

P/E
Strongly Undervalued

5Y Average

25.80

Current

20.97

Overvalued

24.77

Undervalued

19.59

P/S
Strongly Undervalued

5Y Average

3.44

Current

2.80

Overvalued

3.96

Undervalued

2.93

Peers & Comparison

Sector: Financials · Theme: Private Banks

Private Banks Peers8 peers
Avg P/E: 21.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
FEDERAL BANK LTD
FEDERALBNKPrivate Banks
+21.4%30.7%
19.2x
Fair
-11% vs avg
+81.1%
CITY UNION BANK LTD
CUBPrivate Banks
+23.3%37.8%
15.3x
Undervalued
-29% vs avg
+35.2%
IDBI BANK LIMITED
IDBIPrivate Banks
48.6%
9.6x
Undervalued
-55% vs avg
-6.3%
YES BANK LIMITED
YESBANKPrivate Banks
+19.8%23.2%
19.0x
Fair
-12% vs avg
+20.9%
J & K BANK LTD.
J&KBANKPrivate Banks
34.2%
7.4x
Undervalued
-66% vs avg
+52.4%
THE SOUTH INDIAN BANK LTD
SOUTHBANKPrivate Banks
+8.6%29.4%
8.0x
Undervalued
-63% vs avg
+59.9%
IDFC FIRST BANK LIMITED
IDFCFIRSTBPrivate Banks
-1.1%32.8%
32.9x
Premium
+53% vs avg
+21.4%
INDUSIND BANK LIMITED
INDUSINDBKPrivate Banks
+1.0%7.6%
60.5x
Premium
+181% vs avg
+30.5%
WHY THESE PEERS

BANDHAN BANK LIMITED trades in line with peers (20.6x vs avg 21.5x), reflecting a fair valuation within the Private Banks cohort. Peers include FEDERAL BANK LTD, CITY UNION BANK LTD, IDBI BANK LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹5.63K CrJun 2026

Latest net profit

₹502 CrJun 2026

Free cash flow

₹616 CrMar 2026

Net Profit

₹502 CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-75.00K Cr0.00 Cr75.00K Cr1.50L Cr2.25L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +4,5234,4924,6655,1895,5365,5005,4795,4345,4765,3545,4315,4285,631
Interest2,0322,0492,1402,3302,5312,5662,6642,6782,7182,7652,7432,6332,710
Expenses +1,9162,0362,0993,4962,1152,2943,2813,1442,9622,9773,0892,8022,849
Financing Profit575407426-637890640-466-388-204-389-401-772
Financing Margin %13%9%9%-12%16%12%-9%-7%-4%-7%-7%-0%1%
Other Income +3855405457015286091,112700726546691771604
Depreciation0000000000000
Profit before tax960947971641,4181,249645311521158290764676
Tax %25%24%25%15%25%25%34%-2%29%29%29%30%26%
Net Profit +721721733551,063937426318372112206534502
EPS in Rs4.484.484.550.346.605.822.651.972.310.691.283.323.11
Gross NPA %6.76%7.32%7.02%3.84%4.23%4.68%4.68%4.71%4.96%5.02%3.33%3.27%3.15%
Net NPA %2.18%2.32%2.21%1.11%1.15%1.29%1.28%1.28%1.36%1.37%0.99%0.97%0.93%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +40.92%40.29%39.74%38.98%37.54%
FIIs +24.34%23.44%22.32%22.07%18.64%
DIIs +16.52%17.82%18.76%22.33%27.47%
Government +0.07%0.07%0.07%0.07%0.07%
Public +18.14%18.39%19.11%16.55%16.26%
Others0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Aug 07, 2026PDFCompany Reports Open

Update On Analysts / Institutional Investors Meet Held On August 06, 2026.

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 01, 2026PDFCompany Reports Open

Business Responsibility and Sustainability Reporting (BRSR)

Jul 31, 2026PDFCompany Reports Open