MarketFriction

Indian Bank

NSE INDIANB · BSE 532814 · Public Sector Bank
₹793.15 -1.58%
NSE close2026-10-01
52 week range727.00 - 1,000.90
Market cap₹1,07,117 Cr.
P/E8.38
Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty Midcap SelectNifty PSU Bank No price band Delivery 41.4%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue13,76414,20314,63315,04115,36915,77015,86016,28516,62817,10217,48818,095
Interest8,0038,3838,6098,8619,1549,3459,4679,92410,04010,20310,37210,657
Expenses5,1505,1585,3784,9945,1445,1025,0974,8805,1085,4925,8115,946
Financing Profit6116616461,1861,0721,3231,2951,4811,4801,4071,3051,492
Financing Margin %4%5%4%8%7%8%8%9%9%8%7%8%
Other Income2,1662,1132,4322,0772,6022,3972,9351,8542,6432,7932,7732,902
Depreciation000000000000
Profit before tax2,7772,7743,0783,2633,6743,7214,2303,3354,1234,1994,0784,394
Tax %28%23%27%26%25%23%30%33%26%27%24%25%
Net Profit2,0692,2072,2962,5712,8012,9102,9822,2773,1093,1483,1743,357
EPS in Rs16.6116.3717.0419.0820.7921.6022.1416.9023.0723.3623.5624.92
Gross NPA %4.97%4.47%3.95%3.77%3.48%3.26%3.09%3.01%2.60%2.23%1.98%1.86%
Net NPA %0.60%0.53%0.43%0.39%0.27%0.21%0.19%0.18%0.16%0.15%0.15%0.15%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue16,24416,03917,11519,18221,40139,10838,88844,98555,65062,03967,50469,314
Interest11,79510,89110,85112,16713,79823,43922,12924,71732,34136,82640,53941,271
Expenses5,1286,1446,9988,2899,23818,02920,28521,57720,34219,81820,71022,358
Financing Profit-679-996-734-1,273-1,634-2,360-3,526-1,3092,9675,3956,2555,684
Financing Margin %-4%-6%-4%-7%-8%-6%-9%-3%5%9%9%8%
Other Income1,7892,2222,4171,8913,3266,1117,3807,8048,58210,01110,82911,110
Depreciation1511662372593146376015325315436090
Profit before tax9581,0601,4453591,3773,1153,2535,96311,01714,86416,47516,795
Tax %25%-33%13%11%45%3%-23%11%26%26%26%
Net Profit7521,4551,3113818623,1514,1445,5748,42311,26411,70712,787
EPS in Rs15.6430.2527.297.9114.1527.8833.2644.7462.5183.6186.8994.91
Dividend Payout %10%20%0%0%0%7%20%19%19%19%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%12%14%10%
Compounded Profit Growth32%30%28%11%
Stock Price CAGR14%41%23%6%
Return on Equity12%14%16%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4804804804804806091,1291,2451,2451,3471,3471,347
Reserves14,54916,01016,95418,23519,23522,15938,32943,70648,26158,90170,16678,696
Deposits169,204178,259182,480208,262242,041260,184538,030593,571621,123687,953737,098827,654
Borrowing2,6463,50912,63719,76012,13820,83024,76317,21822,09223,14341,55246,807
Other Liabilities6,1565,6835,9576,2446,4946,35923,28518,35620,61224,36526,87537,049
Total Liabilities193,036203,941218,507252,981280,388310,141625,535674,096713,334795,709877,039991,553
Fixed Assets2,9693,5083,4363,4213,9643,8987,3927,6947,4727,5388,8548,674
CWIP5811111059233
Investments46,06053,28367,78171,61965,27281,871178,292176,502188,366215,242228,421247,682
Other Assets144,001147,143147,280177,940211,152224,371439,850489,896517,487572,927639,760735,194
Total Assets193,036203,941218,507252,981280,388310,141625,535674,096713,334795,709877,039991,553
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5,136-931-10,814-3,6766,270-8,39617,06528,750-27,894-8,61717,39618,815
Cash from Investing Activity-236-772-179-214-176-24721,233-305-314-618-348-428
Cash from Financing Activity-2,3126209,0416,7761,0002,5521,86618-1,5431,195-4,264-7,649
Net Cash Flow2,588-1,082-1,9522,8867,094-6,09140,16328,464-29,751-8,04012,78410,738
Free Cash Flow4,899-1,702-10,993-3,8906,021-8,64416,52028,446-28,208-9,23517,04818,387
CFO/OP44%-8%-109%-36%58%-69%81%155%-119%-24%41%40%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %7%5%9%7%2%4%10%10%12%15%17%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters79.86%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%
FIIs4.33%5.89%5.29%5.38%4.99%4.78%4.74%4.54%4.68%5.64%5.82%6.16%
DIIs11.76%15.84%16.95%16.87%17.35%17.64%17.78%18.05%18.62%17.82%17.75%17.03%
Public4.05%4.44%3.93%3.90%3.82%3.75%3.65%3.56%2.86%2.71%2.58%2.98%
No. of Shareholders3,06,6493,12,7703,08,1653,21,7123,25,4493,19,7053,17,4813,31,9043,16,2073,25,2193,19,8973,18,231

Fundamentals

Market Cap₹ 1,07,117 Cr.
Current Price₹ 795
Stock P/E8.38
Book Value₹ 623
ROCE6.32 %
ROE15.4 %
Dividend Yield2.29 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 106,834 Cr
Enterprise valueRs 947,240 Cr
P/E (TTM)8.36x
Price to book1.33x
Price to sales1.54x
EV / EBITDA16.14x
EV / EBIT16.31x
EV / sales13.67x
Price to cash flow5.68x
Earnings yield11.97%
Dividend yield2.30%
P/E, 3-year average8.18x
P/B, 3-year average1.20x
P/E, 5-year average7.12x
P/B, 5-year average0.95x
Profitability
Operating margin (excl. other income)69.32%
Operating margin (incl. other income)85.36%
EBITDA margin84.65%
Pre-tax margin24.23%
Net profit margin18.44%
Net margin, latest quarter18.55%
ROE15.45%
ROCE6.32%
ROA1.25%
ROE, 3-year average15.96%
ROCE, 3-year average6.21%
ROA, 3-year average1.24%
ROE, 5-year average13.90%
ROCE, 5-year average5.44%
ROA, 5-year average1.03%
ROIC (approx.)4.68%
Tax rate25.78%
Other income / net worth13.53%
Growth
Sales growth (latest year)8.81%
Profit growth (latest year)3.93%
Sales CAGR, 3 years14.49%
Sales CAGR, 5 years11.54%
Profit CAGR, 3 years28.07%
Profit CAGR, 5 years30.03%
Sales growth QoQ3.47%
Profit growth QoQ5.79%
Sales growth YoY (latest quarter)11.11%
Profit growth YoY (latest quarter)47.46%
Per share
EPS (TTM)Rs 94.91
EPS (latest year)Rs 86.89
EPS (latest quarter)Rs 24.92
EPS, 3-year averageRs 77.67
EPS, 5-year averageRs 62.20
Book value per shareRs 594.25
Sales per shareRs 514.60
Cash flow per shareRs 139.69
Free cash flow per shareRs 136.51
Dividend per share (latest year)Rs 18.25
Dividend per share, 3-year averageRs 15.50
Dividend per share, 5-year averageRs 12.32
Dividends
Dividend payout21.00%
Dividend payout, 3-year average19.88%
Dividend payout, 5-year average19.68%
Efficiency
Asset turnover0.07x
Fixed asset turnover7.78x
Leverage
Total debtRs 874,461 Cr
Cash and bankRs 34,055 Cr
Net debtRs 840,406 Cr
Debt to equity10.92x
Net debt / EBITDA14.32x
Interest coverage1.41x
Owners' fund to total sources8.07%
Debt to assets88.19%
Cash flow
Cash from Operating Activity (latest year)Rs 18,815 Cr
Cash from Investing Activity (latest year)Rs -428 Cr
Cash from Financing Activity (latest year)Rs -7,649 Cr
Net Cash Flow (latest year)Rs 10,738 Cr
Free cash flow (latest year)Rs 18,387 Cr
FCFE (approx.: FCF + change in debt)Rs 114,197 Cr
Cash from ops / profit, 5 years0.69x
Sales to cash flow3.59x
Statement figures
Net sales (TTM)Rs 69,314 Cr
Net sales (latest year)Rs 67,504 Cr
Sales (latest quarter)Rs 18,095 Cr
Operating profit excl. other income (latest year)Rs 46,794 Cr
Operating profit (latest quarter)Rs 12,149 Cr
Other income (TTM)Rs 11,110 Cr
EBITDA (TTM)Rs 58,675 Cr
PBDT (TTM)Rs 17,404 Cr
Profit before tax (TTM)Rs 16,795 Cr
Tax (latest year)Rs 4,248 Cr
Net profit (TTM)Rs 12,785 Cr
Net profit (latest year)Rs 11,704 Cr
Net profit (latest quarter)Rs 3,357 Cr
Depreciation (TTM)Rs 609 Cr
Interest (TTM)Rs 41,271 Cr
Cost of goods sold (latest year)Rs 280 Cr
Total expenditure (latest year)Rs 20,710 Cr
Total income (latest year)Rs 78,333 Cr
Share capitalRs 1,347 Cr
ReservesRs 78,696 Cr
Shareholders' fundsRs 80,043 Cr
Total assetsRs 991,553 Cr
Net blockRs 8,674 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 247,682 Cr
Other liabilitiesRs 37,049 Cr
Shares outstanding (crore)134.70
Ownership
Promoter holding73.84% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 8.4 is at the 22th percentile of its own 9.4-year range (median 10.1, low 4.9, high 92.1).
P/B 1.33 is at the 58th percentile (median 1.21).
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.
PeriodINDIANBNifty 50Difference
1 week-4.4%-2.8% -1.7 pts
1 month-10.0%-6.8% -3.3 pts
3 months-0.7%-7.6% +6.9 pts
6 months-6.2%+0.4% -6.6 pts
1 year+11.3%-9.9% +21.3 pts
2 years+47.7%-13.6% +61.3 pts
3 years+87.3%+14.2% +73.1 pts
5 years+459.3%+27.9% +431.5 pts
199 mutual fund schemes hold about ₹12,081 Cr. Over three months 114 bought more and 53 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund3.06%3,312 +3%
Kotak Mid Cap Fund2.34%1,666 +5%
HDFC Small Cap Fund2.08%871 +7%
Nippon India Growth Mid Cap Fund1.12%585 +4%
Kotak Large & Mid Cap Fund1.67%539 +7%
Mirae Asset Midcap Fund1.57%328 +100%
HSBC Value Fund2.00%307 +7%
Edelweiss Mid Cap Fund1.51%300 -1%
SBI Flexicap Fund1.24%288 +100%
HSBC Midcap Fund1.57%270 -18%
SBI PSU Fund3.79%254 +11%
Axis Midcap Fund0.54%185 -41%
UTI Mid Cap Fund1.41%180 +17%
HDFC Large & Mid Cap Fund0.57%174 +7%
Sundaram Mid Cap Fund1.16%173 +5%
Sundaram Mid Cap Fund1.16%168 +5%
Kotak Aggressive Hybrid Fund1.82%168 +35%
Edelweiss Small Cap Fund1.64%119 +1%
PGIM India Midcap Fund0.92%103 -19%
Tata Mid Cap Fund1.65%103 -35%
Canara Rob Aggressive Hybrid Fund(M0.86%98 +8%
Kotak Contra Fund1.72%95 +25%
Invesco India PSU Equity Fund6.22%90 -16%
Edelweiss Balanced Advantage Fund(Q0.63%85 +8%
Kotak Business Cycle Fund2.00%70 +4%

Red flags

F-score 6 of 8
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 66% of pre-tax profit in 2026
lookAuditor change Auditor change 2025-11-15: Indian Bank has informed the Exchange regarding Change in Auditors of the company.
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
2026-03-25CHANDRASEKARAN V-sell579Rs 0.05 CrMarket Sale
2026-03-19CHANDRASEKARAN V-buy579Rs 0.05 CrMarket Purchase
2026-03-11ARUNA M-sell1,500Rs 0.14 CrMarket Sale
2026-03-04Prem Paul-sell25Rs 0.00 CrMarket Sale
2026-03-02Prem Paul-sell800Rs 0.08 CrMarket Sale
2026-02-18Manjula A-sell1,200Rs 0.11 CrMarket Sale
2026-02-17Kala S-sell300Rs 0.03 CrMarket Sale
2026-02-17Prem Paul-sell536Rs 0.05 CrMarket Sale
2026-01-28Kala S-sell200Rs 0.02 CrMarket Sale
2026-01-27Kala S-sell1,500Rs 0.13 CrMarket Sale
2019-12-03PRESIDENT OF INDIA GOVT OF INDIAPromotersother117,265,954Rs 2534.00 CrPreferential Offer
2019-10-10President of IndiaPromotersother555,568Rs 6.46 CrOff Market
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 ₹18,095 Cr +11.1% vs Jun 2025. Net profit ₹3,357 Cr +47.4%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
State Bank of India890,49210.66.13 %
Punjab National Bank128,4345.816.13 %
Union Bank of India126,7186.146.30 %
Bank of Baroda117,7425.335.63 %
Canara Bank108,4035.466.52 %
Bank of Maharashtra60,8868.086.03 %
Indian Overseas Bank59,59910.46.07 %
Bank of India59,2355.035.93 %
UCO Bank28,90410.35.55 %
Central Bank of India27,1905.965.64 %
Punjab & Sind Bank14,97910.85.95 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-10Dividend - Rs 18.25 Per Share
2025-06-10Dividend - Rs 16.25 Per Share
2024-06-07Dividend - Rs 12 Per Share
2024-06-07Annual General Meeting
2023-06-12Annual General Meeting/Dividend - Rs 8.60 Per Share
2022-06-14Annual General Meeting/Dividend - Rs 6.50 Per Share
2021-07-08 Annual General Meeting/Dividend - Rs 2 Per Share
2020-07-31 Annual General Meeting
2019-06-20 Annual General Meeting
2018-06-21 Annual General Meeting / Dividend- Rs 6 Per Share
2017-06-02 Annual General Meeting/Dividend - Rs 6/- Per Share
2016-06-23 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2015-06-23Annual General Meeting/ Dividend - Rs 4.20/- Per Share
2014-06-23Annual General Meeting/Dividend Rs 1.70/- Per Share
2014-01-20Interim Dividend - Rs 3/- Per Share
2013-06-24Annual General Meeting And Dividend Rs.6.60 Per Share
2012-06-25Annual General Meeting And Dividend - Rs. 7.50 Per Share
2011-05-30Annual General Meeting And Dividend Rs.7.50 Per Share
2010-06-07Dividend-Rs.4/- Per Share
2010-03-04Int Div-Rs.2.50 Per Share
2009-06-18Agm/Div-Rs.3/- Per Share
2009-03-09Interim Dividend - 20%
2008-05-22Elec. Of Dir/Agm/Div-40% Purpose Revised
2007-06-15Agm/Div Fin-20% + Spl-10%
DateTypeWhat it says
2026-10-01General UpdatesRevision in Benchmark Rates
2026-10-01General UpdatesProvisional Business Figures of the Bank as on September 30, 2026
2026-09-28Concall / analyst meetInvestors / Analysts interaction / meet - Outcome
2026-09-25General UpdatesExtension of tenure of Shri Shiv Bajrang Singh, Executive Director of the Bank
2026-09-09Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-09-09General UpdatesDisclosure 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 Offe...
2026-09-08Concall / analyst meetInvestors / Analysts interaction / meet - Outcome
2026-09-01General UpdatesDisclosure under Regulation 30 of SEBI (LODR) Regulations, 2015: Imposition of monetary penalty on the Bank by Reserve Bank of India on Bank s Currenc...
2026-09-01General UpdatesRevision in Benchmark Rates
2026-08-20Concall / analyst meetInvestors interaction / Meet - Outcome
2026-08-19Investor PresentationInvestor Presentation
2026-08-19General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-17Concall / analyst meetSchedule of Investors interaction/ meet: Intimation
2026-08-13AppointmentAppointment of Shri Somesh Biswas as Non- Executive Independent Director of the company w.e.f. August 12, 2026.
2026-08-01General UpdatesRevision in Benchmark Rates
2026-08-01Change in ManagementNew Assignment /Change in Senior Management Personnel of the Bank
2026-08-01Change in ManagementChange in Senior Management Personnel of the Bank
2026-07-17Concall / analyst meetTranscript of Post Earnings Concall / Meet
2026-07-10Concall / analyst meetUpdate on Post Earnings Concall / Meet with Investors / Analysts: Audio / Video Recording
2026-07-10Investor PresentationInvestor Presentation
2026-07-10Press ReleaseA press release dated July 10, 2026, titled "Press release on Unaudited (Reviewed) Financial Results of the Bank for the First Quarter of FY 2026-27 e...
2026-07-10Board meeting outcomeIndian Bank has submitted to the Exchange about Approval of Unaudited (Reviewed) Standalone and Consolidated Financial Results of the Bank for the Fir...
2026-07-08Shareholder meetingWith copy of minutes of Annual General Meeting held on Jun 17, 2026
2026-07-06Concall / analyst meetPost Earnings Call / Conference Call with Investors / Analysts: Unaudited (Reviewed) Financial Results (Standalone & Consolidated) of the Bank for the...
2026-07-02General UpdatesRevision in Benchmark Rates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.08
Max pain (expiry 2026-10-27)830
Largest call open interest at900
Largest put open interest at800
Implied volatility, at the money31.7%
Underlying at snapshot793.15
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
2026-09-291,000
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-30NCLTIndian Bank Vs United Seamless Tubular Pvt Ltd. Vs
2021-07-30NCLTIndian Bank Vs Kadevi Industries Limited Vs
2021-04-12NCLATBabumanoharan VS Indian Bank & Ors
2021-03-31NCLATBabumanoharan VS Indian Bank & Ors
2021-03-26NCLTIndian Bank V/s. Vs M/s. Athena Demwe Power ltd.
2021-02-11NCLATBabumanoharan VS Indian Bank & Ors
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indian Bank?

Indian Bank (INDIANB) has a market capitalisation of Rs 1,07,117 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Bank?

Indian Bank trades at a P/E of 8.38 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Bank's latest quarterly results?

In the Jun 2026 quarter, Indian Bank revenue was Rs 18,095 Cr (+11.1% vs Jun 2025) and net profit was Rs 3,357 Cr.

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

The 52-week high is Rs 1,000.90 and the 52-week low is Rs 727.00.

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