MarketFriction

Bandhan Bank Ltd

NSE BANDHANBNK · BSE 541153 · Private Sector Bank
₹176.00 -1.25%
NSE close2026-10-01
52 week range134.25 - 220.76
Market cap₹29,856 Cr.
P/E22.1
IPO 2018 · -53% since Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250Nifty Private Bank No price band Delivery 35.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,4924,6655,1895,5365,5005,4795,4345,4765,3545,4315,4285,631
Interest2,0492,1402,3302,5312,5662,6642,6782,7182,7652,7432,6332,710
Expenses2,0362,0993,4962,1152,2943,2813,1442,9622,9773,0892,8022,849
Financing Profit407426-637890640-466-388-204-389-401-772
Financing Margin %9%9%-12%16%12%-9%-7%-4%-7%-7%-0%1%
Other Income5405457015286091,112700726546691771604
Depreciation000000000000
Profit before tax947971641,4181,249645311521158290764676
Tax %24%25%15%25%25%34%-2%29%29%29%30%26%
Net Profit721733551,063937426318372112206534502
EPS in Rs4.484.550.346.605.822.651.972.310.691.283.323.11
Gross NPA %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 %2.32%2.21%1.11%1.15%1.29%1.28%1.28%1.36%1.37%0.99%0.97%0.93%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue1,5813,9094,8026,64310,88512,52413,87115,90518,87021,94821,68921,844
Interest6491,5051,7702,1484,5624,9615,1576,6458,55110,45810,85910,851
Expenses6331,0441,5972,4673,7396,53411,2988,6939,31010,55511,52611,717
Financing Profit2991,3601,4362,0282,5841,029-2,5845671,009936-696-724
Financing Margin %19%35%30%31%24%8%-19%4%5%4%-3%-3%
Other Income1504117061,0631,5492,0222,8232,4692,1712,9672,7342,612
Depreciation36678678801031101432382793040
Profit before tax4141,7042,0563,0134,0532,9491292,8932,9433,6231,7341,888
Tax %33%35%35%35%25%25%2%24%24%24%29%
Net Profit2751,1121,3461,9523,0242,2051262,1952,2302,7451,2241,353
EPS in Rs2.5110.1511.2816.3618.7813.690.7813.6213.8417.047.608.40
Dividend Payout %0%0%9%18%0%7%0%11%11%9%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth30%12%11%0%
Compounded Profit Growth16%-11%-18%-34%
Stock Price CAGR%-9%-10%14%
Return on Equity12%8%9%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5011,0951,0951,1931,1931,6101,6111,6111,6111,6111,6111,611
Reserves12,2393,3518,18910,00913,58515,79815,77017,97319,99922,99423,964
Deposits12,08923,22933,86943,23257,08277,97296,331108,065135,202151,212166,344
Borrowing03,0521,02928552116,37916,96019,92124,71116,37211,13814,303
Other Liabilities251,2821,5327741,4873,0622,6755,2343,6774,6594,5204,902
Total Liabilities52719,75630,23644,31056,44291,718115,016138,867156,037177,842191,476211,124
Fixed Assets0237252238222347432415509959855931
CWIP1080001092255173346214325470
Investments03,7585,5168,37210,03715,35225,15529,07932,36629,28840,71238,668
Other Assets41815,76124,46835,70046,07375,99789,374109,200122,817147,381149,584171,054
Total Assets52719,75630,23644,31056,44291,718115,016138,867156,037177,842191,476211,124
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8,885-2,5992,6956,583-909902-4,24514,8082,7521,143
Cash from Investing Activity-2,671-2,237-2,373-4,187-1,804-612-1,6181,691-3,879317
Cash from Financing Activity-2,0232,8461051545882,8034,791-8,579-5,4752,923
Net Cash Flow4,192-1,9894272,550-2,1253,093-1,0717,921-6,6014,382
Free Cash Flow8,803-2,6712,5246,481-1,129691-4,65414,2522,466616
CFO/OP330%-56%91%108%3%62%-49%167%29%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %0%14%29%19%19%23%14%1%12%11%12%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters39.98%39.98%39.98%39.98%39.98%39.98%39.98%40.92%40.29%39.74%38.98%37.54%
FIIs32.78%34.75%31.20%28.25%26.73%23.23%22.73%24.34%23.44%22.32%22.07%18.64%
DIIs17.45%14.79%12.42%15.06%16.33%15.41%16.36%16.52%17.82%18.76%22.33%27.47%
Government0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public9.73%10.42%16.32%16.63%16.89%21.32%20.86%18.14%18.39%19.11%16.55%16.26%
No. of Shareholders5,32,1575,50,1387,24,1537,58,7157,49,3158,61,2288,59,4727,88,1237,69,1927,67,1367,11,2846,64,000

Fundamentals

Market Cap₹ 29,856 Cr.
Current Price₹ 185
Stock P/E22.1
Book Value₹ 159
ROCE6.41 %
ROE4.88 %
Dividend Yield0.81 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)-34%
Standalone figures.
Valuation
Market capRs 28,353 Cr
Enterprise valueRs 195,874 Cr
P/E (TTM)20.95x
Price to book1.11x
Price to sales1.30x
EV / EBITDA15.02x
EV / EBIT15.38x
EV / sales8.97x
Price to cash flow24.81x
Earnings yield4.77%
Dividend yield0.85%
P/E, 3-year average13.40x
P/B, 3-year average1.06x
P/E, 5-year average89.64x
P/B, 5-year average1.53x
Profitability
Operating margin (excl. other income)46.86%
Operating margin (incl. other income)59.46%
EBITDA margin59.71%
Pre-tax margin8.64%
Net profit margin6.20%
Net margin, latest quarter8.91%
ROE4.88%
ROCE6.41%
ROA0.61%
ROE, 3-year average9.19%
ROCE, 3-year average7.10%
ROA, 3-year average1.14%
ROE, 5-year average8.04%
ROCE, 5-year average6.45%
ROA, 5-year average1.00%
ROIC (approx.)4.66%
Tax rate29.43%
Other income / net worth10.69%
Growth
Sales growth (latest year)-1.18%
Profit growth (latest year)-55.43%
Sales CAGR, 3 years10.89%
Sales CAGR, 5 years11.61%
Profit CAGR, 3 years-17.70%
Profit CAGR, 5 years-11.12%
Sales growth QoQ3.72%
Profit growth QoQ-6.08%
Sales growth YoY (latest quarter)2.83%
Profit growth YoY (latest quarter)34.87%
Per share
EPS (TTM)Rs 8.40
EPS (latest year)Rs 7.60
EPS (latest quarter)Rs 3.11
EPS, 3-year averageRs 12.83
EPS, 5-year averageRs 10.58
Book value per shareRs 158.75
Sales per shareRs 135.60
Cash flow per shareRs 7.09
Free cash flow per shareRs 3.82
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout19.75%
Dividend payout, 3-year average13.13%
Dividend payout, 5-year average12.60%
Efficiency
Asset turnover0.10x
Fixed asset turnover23.30x
Leverage
Total debtRs 180,647 Cr
Cash and bankRs 13,127 Cr
Net debtRs 167,521 Cr
Debt to equity7.06x
Net debt / EBITDA12.84x
Interest coverage1.17x
Owners' fund to total sources12.11%
Debt to assets85.56%
Cash flow
Cash from Operating Activity (latest year)Rs 1,143 Cr
Cash from Investing Activity (latest year)Rs 317 Cr
Cash from Financing Activity (latest year)Rs 2,923 Cr
Net Cash Flow (latest year)Rs 4,382 Cr
Free cash flow (latest year)Rs 616 Cr
FCFE (approx.: FCF + change in debt)Rs 18,912 Cr
Cash from ops / profit, 5 years1.80x
Sales to cash flow18.98x
Statement figures
Net sales (TTM)Rs 21,844 Cr
Net sales (latest year)Rs 21,689 Cr
Sales (latest quarter)Rs 5,631 Cr
Operating profit excl. other income (latest year)Rs 10,163 Cr
Operating profit (latest quarter)Rs 2,782 Cr
Other income (TTM)Rs 2,612 Cr
EBITDA (TTM)Rs 13,043 Cr
PBDT (TTM)Rs 2,192 Cr
Profit before tax (TTM)Rs 1,888 Cr
Tax (latest year)Rs 510 Cr
Net profit (TTM)Rs 1,353 Cr
Net profit (latest year)Rs 1,224 Cr
Net profit (latest quarter)Rs 502 Cr
Depreciation (TTM)Rs 304 Cr
Interest (TTM)Rs 10,851 Cr
Cost of goods sold (latest year)Rs 135 Cr
Total expenditure (latest year)Rs 11,526 Cr
Total income (latest year)Rs 24,423 Cr
Share capitalRs 1,611 Cr
ReservesRs 23,964 Cr
Shareholders' fundsRs 25,575 Cr
Total assetsRs 211,124 Cr
Net blockRs 931 Cr
Capital work in progressRs 470 Cr
InvestmentsRs 38,668 Cr
Other liabilitiesRs 4,902 Cr
Shares outstanding (crore)161.10
Ownership
Promoter holding37.54% (-3.38 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 20.9 is at the 48th percentile of its own 8.7-year range (median 21.2, low 9.2, high 356.7).
P/B 1.11 is at the 12th percentile (median 2.48).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBANDHANBNKNifty 50Difference
1 week-3.8%-2.8% -1.0 pts
1 month+8.0%-6.8% +14.8 pts
3 months-12.3%-7.6% -4.6 pts
6 months+24.5%+0.4% +24.1 pts
1 year+11.9%-9.9% +21.8 pts
2 years-17.3%-13.6% -3.7 pts
3 years-30.0%+14.2% -44.2 pts
5 years-39.1%+27.9% -67.0 pts
161 mutual fund schemes hold about ₹5,730 Cr. Over three months 22 bought more and 124 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Contra Fund1.31%626 +56%
SBI Balanced Advantage Fund1.30%551 +29%
SBI Multi Asset Allocation Fund(A1.60%335 -16%
Kotak Multi Cap Fund0.95%278 -50%
Kotak Multi Asset Allocation Fund1.38%210 -26%
SBI Flexicap Fund0.90%208 -11%
Kotak Arbitrage Fund(M0.26%198 +100%
SBI ELSS Tax Saver Fund0.62%196 +100%
HDFC Large & Mid Cap Fund0.50%151 -12%
SBI Banking & Financial Services Fund1.35%147 +100%
Tata Arbitrage Fund0.57%144 +13%
ICICI Pru Arbitrage Fund0.41%142 -29%
HDFC Multi Cap Fund0.65%135 -11%
SBI Arbitrage Fund0.28%131 -39%
HDFC Balanced Advantage Fund0.11%121 +98%
Aditya Birla SL Large Cap Fund0.36%106 -11%
UTI Arbitrage Fund0.91%101 -17%
ICICI Pru Aggressive Hybrid Fund(A0.19%100 -10%
Mahindra Manulife Multi Cap Fund1.26%97 -17%
HSBC Arbitrage Fund(M2.78%91 -12%
Sundaram Services Fund1.54%81 +13%
Sundaram Services Fund1.54%79 +13%
Edelweiss Arbitrage Fund0.47%69 -32%
ICICI Pru Banking & Fin Serv Fund0.60%68 -8%
ICICI Pru Banking & Fin Serv Fund0.60%67 -8%

Red flags

F-score 3 of 8
explainLow interest cover Interest cover 1.2x in 2026
lookProfit leans on other income Other income was 158% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-04-24: Bandhan Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirem
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-02-01Suresh Srinivasan IyerEmployees/Designated Employesell6,250Rs 0.20 CrMarket Sale
2021-11-09DIBAKAR CHANDRA GHOSH-sell4,114Rs 0.12 CrMarket Sale
2021-11-03JAYESH KALYANDAS GANGWANIEmployees/Designated Employesell20,000Rs 0.61 CrMarket Sale
2021-11-02VINESH BHIMJIBHAI JAGANIEmployees/Designated Employeother14,774Rs 0.45 CrRevokation of Pledge
2021-11-01VINESH BHIMJIBHAI JAGANIEmployees/Designated Employesell5,736Rs 0.16 CrMarket Sale
2021-09-30PARTHA PRATIM SAMANTA-other1,925Rs 0.05 CrRevokation of Pledge
2021-09-29PARTHA PRATIM SAMANTA-other3,163Rs 0.09 CrInvocation of pledge
2021-09-28PARTHA PRATIM SAMANTA-other3,163Rs 0.09 CrInvocation of pledge
2021-09-28PARTHA PRATIM SAMANTA-sell3,163Rs 0.09 CrMarket Sale
2021-09-22PARTHA PRATIM SAMANTA-other5,088Rs 0.14 CrPledge Creation
2021-09-09PARTHA PRATIM SAMANTA-other5,088Rs 0.09 CrESOP
2021-08-20HARISH RAMCHARAN SHARMAEmployees/Designated Employeother6,532Rs 0.19 CrRevokation of Pledge
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹5,631 Cr +2.8% vs Jun 2025. Net profit ₹502 Cr +34.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-17Dividend - Rs 1.50 Per Share
2025-08-14Dividend - Rs 1.50 Per Share
2024-08-13Annual General Meeting/Dividend - Rs 1.50 Per Share
2023-08-11Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-08-02Annual General Meeting
2021-07-29 Annual General Meeting/Dividend - Re 1 Per Share
2020-08-13 Annual General Meeting
2019-06-20 Annual General Meeting/Dividend - Rs 3 Per Share
2018-07-12 Dividend Re 1/- Per Share
DateTypeWhat it says
2026-09-28Credit RatingCredit Rating
2026-09-28Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on September 28, 2026.
2026-09-25General UpdatesUpdate on authority under Regulation 30(5) of the SEBI (LODR) Regulations, 2015.
2026-09-25Credit RatingCredit Rating
2026-09-22Concall / analyst meetSchedule of Analysts / Institutional Investors Meet to be held on September 28, 2026 and Presentation to be made thereat.
2026-09-21Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on September 21, 2026.
2026-09-17Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on September 17, 2026.
2026-09-11Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on September 11, 2026.
2026-09-10General UpdatesSchedule of Analysts / Institutional Investors Meets to be held on September 17, 2026 and September 21, 2026.
2026-09-09ESOPAllotment of Equity Shares of the Bank pursuant to exercise of Options under Bandhan Bank Employee Stock Option Plan Series 1.
2026-09-08Concall / analyst meetSchedule of Analysts / Institutional Investors Meet to be held on September 11, 2026 and the Presentation to be made thereat.
2026-09-08News clarificationThe Exchange has sought clarification from Bandhan Bank Limited with respect to recent news item captioned Bandhan Bank shares rise up to 4% as lender...
2026-09-08News clarificationThe Exchange has sought clarification from Bandhan Bank Limited with respect to recent news item captioned Bandhan Bank shares rise up to 4% as lender...
2026-09-07General UpdatesESG Rating.
2026-09-05ESOPGrant of Equity Stock Options.
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-01Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on September 01, 2026.
2026-08-31General UpdatesESG Rating.
2026-08-26Concall / analyst meetSchedule of Analyst Meet / Institutional Investor Meet to be held on September 01, 2026 and presentation to be made thereat.
2026-08-24Shareholder meetingOutcome of 12th Annual General Meeting of Bandhan Bank Limited.
2026-08-17Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on August 17, 2026.
2026-08-13Concall / analyst meetUpdate on Analysts / Institutional Investors Meet held on August 13, 2026.
2026-08-12Concall / analyst meetSchedule of Analysts / Institutional Investors Meet to be held on August 17, 2026 and presentation to be made thereat.
2026-08-10ResignationResignation of Director/KMP/SMP
2026-08-10Change in ManagementChange in Senior Management.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.65
Max pain (expiry 2026-10-27)185
Largest call open interest at190
Largest put open interest at190
Implied volatility, at the money35.7%
Underlying at snapshot176.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-293,601
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bandhan Bank Ltd?

Bandhan Bank Ltd (BANDHANBNK) has a market capitalisation of Rs 29,856 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bandhan Bank Ltd?

Bandhan Bank Ltd trades at a P/E of 22.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bandhan Bank Ltd's latest quarterly results?

In the Jun 2026 quarter, Bandhan Bank Ltd revenue was Rs 5,631 Cr (+2.8% vs Jun 2025) and net profit was Rs 502 Cr.

What is the 52-week high and low of Bandhan Bank Ltd?

The 52-week high is Rs 220.76 and the 52-week low is Rs 134.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03