MarketFriction

Jammu and Kashmir Bank Ltd

NSE J&KBANK · BSE 532209 · Private Sector Bank
₹139.98 +0.96%
NSE close2026-10-01
52 week range97.35 - 201.75
Market cap₹15,372 Cr.
P/E6.67
Nifty 500Smallcap 250 Price band 20% Delivery 44.3%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,7642,8812,9102,9943,1243,2103,2133,2693,2933,3153,2733,547
Interest1,4301,6001,6041,6251,6871,6971,7321,8031,8581,8241,7842,049
Expenses9829067059549809961,0751,0619589648891,095
Financing Profit352375602415456516406406477527600403
Financing Margin %13%13%21%14%15%16%13%12%14%16%18%11%
Other Income193186229198301242403253157280262217
Depreciation000000000000
Profit before tax545561830614757758810659635807862621
Tax %30%25%23%32%27%30%28%26%22%27%7%31%
Net Profit384423633418553529582485495581799429
EPS in Rs3.723.845.753.805.024.805.284.404.495.287.253.89
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue6,8446,6866,6217,6768,4468,1118,0139,35511,21312,54113,15113,429
Interest4,1324,1733,7504,2914,7394,3404,1014,6096,0086,7417,2697,515
Expenses2,4664,4313,1543,4395,2343,8023,7743,5673,4373,8343,7413,907
Financing Profit245-1,919-283-55-1,527-301371,1781,7681,9662,1412,007
Financing Margin %4%-29%-4%-1%-18%-0%2%13%16%16%16%15%
Other Income5094975018175097017537658381,140951918
Depreciation6485971041261341441582181681280
Profit before tax689-1,507121659-1,1445377471,7862,3882,9392,9642,925
Tax %40%8%-68%30%3%19%32%33%26%29%20%
Net Profit414-1,633203464-1,1834284951,1811,7712,0822,3602,304
EPS in Rs8.54-31.323.648.33-16.596.015.3011.4416.0818.9121.4320.91
Dividend Payout %20%0%0%0%0%0%0%4%13%11%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%10%12%5%
Compounded Profit Growth19%41%26%7%
Stock Price CAGR6%30%10%32%
Return on Equity7%14%16%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4848525656717193103110110110
Reserves6,0606,3725,6216,1026,5666,2746,7317,9849,79312,08314,09816,390
Deposits66,33669,37972,45980,00589,63797,786108,047114,703122,027134,765148,552165,342
Borrowing1,7402,2401,2761,6282,6242,0202,0152,3712,8922,8852,3833,431
Other Liabilities1,7262,2142,6041,8942,5222,6783,4085,42511,0974,6624,2803,687
Total Liabilities75,91080,25482,01289,684101,405108,829120,273130,576145,913154,505169,424188,960
Fixed Assets6557061,4791,5981,6462,0361,9711,9082,2242,2082,1262,445
CWIP345964172935414647506688
Investments22,74020,33421,27118,86023,14022,99030,77433,78534,78034,90041,12240,520
Other Assets52,48159,15659,19869,21076,58983,76887,48694,837108,860117,347126,110145,906
Total Assets75,91080,25482,01289,684101,405108,829120,273130,576145,913154,505169,424188,960
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity118-2192,4572,363-2,9924,374-14-1,568-407-8532,723-1,126
Cash from Investing Activity-261-136-861-164-165-115-76-85-124-257-102-302
Cash from Financing Activity-338-176593668769-339-199941638407-1,034-500
Net Cash Flow-480-5312,1892,867-2,3883,920-289-712107-7021,587-1,928
Free Cash Flow-131-3551,5962,199-3,1564,259-90-1,653-531-1,0382,621-1,595
CFO/OP10%4%112%73%-70%140%2%-31%1%-5%40%-4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %9%7%-27%3%7%-18%7%7%13%16%16%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.41%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%
FIIs2.61%5.80%6.99%7.16%6.47%7.07%7.64%8.01%7.85%8.14%8.35%9.38%
DIIs4.92%7.81%7.90%6.74%6.41%6.82%6.69%5.87%5.76%5.84%6.00%7.85%
Public29.06%26.98%25.71%26.70%27.72%26.70%26.26%26.72%26.98%26.62%26.26%23.37%
No. of Shareholders1,88,6092,04,1932,15,2942,54,6452,78,0502,82,7432,80,1872,65,9682,61,9782,54,2192,40,5392,19,636

Fundamentals

Market Cap₹ 15,372 Cr.
Current Price₹ 140
Stock P/E6.67
Book Value₹ 154
ROCE5.84 %
ROE15.4 %
Dividend Yield1.50 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)7%
Consolidated figures.
Valuation
Market capRs 15,417 Cr
Enterprise valueRs 176,569 Cr
P/E (TTM)6.69x
Price to book0.93x
Price to sales1.15x
EV / EBITDA16.71x
EV / EBIT16.91x
EV / sales13.15x
Earnings yield14.94%
P/E, 3-year average6.12x
P/B, 3-year average0.89x
P/E, 5-year average5.75x
P/B, 5-year average0.71x
Profitability
Operating margin (excl. other income)71.55%
Operating margin (incl. other income)78.78%
EBITDA margin78.70%
Pre-tax margin21.78%
Net profit margin17.16%
Net margin, latest quarter12.09%
ROE15.37%
ROCE5.84%
ROA1.32%
ROE, 3-year average15.72%
ROCE, 3-year average5.96%
ROA, 3-year average1.26%
ROE, 5-year average13.39%
ROCE, 5-year average5.36%
ROA, 5-year average1.01%
ROIC (approx.)4.69%
Tax rate20.11%
Other income / net worth5.76%
Growth
Sales growth (latest year)4.86%
Profit growth (latest year)13.34%
Sales CAGR, 3 years12.02%
Sales CAGR, 5 years10.15%
Profit CAGR, 3 years25.96%
Profit CAGR, 5 years40.66%
Sales growth QoQ8.37%
Profit growth QoQ-46.30%
Sales growth YoY (latest quarter)8.50%
Profit growth YoY (latest quarter)-11.50%
Per share
EPS (TTM)Rs 20.92
EPS (latest year)Rs 21.42
EPS (latest quarter)Rs 3.89
EPS, 3-year averageRs 18.80
EPS, 5-year averageRs 14.63
Book value per shareRs 149.81
Sales per shareRs 121.92
Cash flow per shareRs -10.22
Free cash flow per shareRs -14.48
Dividend per share, 3-year averageRs 2.15
Dividend per share, 5-year averageRs 1.60
Dividends
Dividend payout, 3-year average12.37%
Dividend payout, 5-year average9.70%
Efficiency
Asset turnover0.07x
Fixed asset turnover5.38x
Leverage
Total debtRs 168,773 Cr
Cash and bankRs 7,622 Cr
Net debtRs 161,152 Cr
Debt to equity10.23x
Net debt / EBITDA15.25x
Interest coverage1.39x
Owners' fund to total sources8.73%
Debt to assets89.32%
Cash flow
Cash from Operating Activity (latest year)Rs -1,126 Cr
Cash from Investing Activity (latest year)Rs -302 Cr
Cash from Financing Activity (latest year)Rs -500 Cr
Net Cash Flow (latest year)Rs -1,928 Cr
Free cash flow (latest year)Rs -1,595 Cr
FCFE (approx.: FCF + change in debt)Rs 16,244 Cr
Cash from ops / profit, 5 years-0.16x
Statement figures
Net sales (TTM)Rs 13,429 Cr
Net sales (latest year)Rs 13,151 Cr
Sales (latest quarter)Rs 3,547 Cr
Operating profit excl. other income (latest year)Rs 9,410 Cr
Operating profit (latest quarter)Rs 2,452 Cr
Other income (TTM)Rs 918 Cr
EBITDA (TTM)Rs 10,568 Cr
PBDT (TTM)Rs 3,053 Cr
Profit before tax (TTM)Rs 2,925 Cr
Tax (latest year)Rs 596 Cr
Net profit (TTM)Rs 2,304 Cr
Net profit (latest year)Rs 2,360 Cr
Net profit (latest quarter)Rs 429 Cr
Depreciation (TTM)Rs 128 Cr
Interest (TTM)Rs 7,515 Cr
Cost of goods sold (latest year)Rs 49 Cr
Total expenditure (latest year)Rs 3,741 Cr
Total income (latest year)Rs 14,101 Cr
Share capitalRs 110 Cr
ReservesRs 16,390 Cr
Shareholders' fundsRs 16,500 Cr
Total assetsRs 188,960 Cr
Net blockRs 2,445 Cr
Capital work in progressRs 88 Cr
InvestmentsRs 40,520 Cr
Other liabilitiesRs 3,687 Cr
Shares outstanding (crore)110.14
Ownership
Promoter holding59.40% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.7 is at the 36th percentile of its own 7.4-year range (median 7.9, low 2.8, high 33.0).
P/B 0.93 is at the 65th percentile (median 0.78).
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.
PeriodJ&KBANKNifty 50Difference
1 week-4.8%-2.8% -2.0 pts
1 month-5.0%-6.8% +1.8 pts
3 months-15.3%-7.6% -7.6 pts
6 months+27.2%+0.4% +26.8 pts
1 year+36.2%-9.9% +46.1 pts
2 years+28.8%-13.6% +42.4 pts
3 years+32.9%+14.2% +18.7 pts
5 years+268.9%+27.9% +241.0 pts
63 mutual fund schemes hold about ₹972 Cr. Over three months 44 bought more and 14 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Multi Cap Fund1.72%503 +4%
Kotak Contra Fund1.50%83 +9%
Kotak Multi Asset Allocation Fund0.44%67 +6%
Bandhan Small Cap Fund0.16%55 +100%
Bandhan Large & Mid Cap Fund0.24%51 -41%
Motilal Oswal Small Cap Fund0.41%34 +100%
Kotak Special Opportunities Fund1.83%31 -3%
Kotak Banking & Financial Services Fund1.97%31 +7%
Baroda BNP Paribas Multi Cap Fund0.59%21 -50%
Bandhan Financial Services Fund1.05%12 +46%
Nippon India Nifty Smallcap 250 Index Fund0.30%10 +9%
JM Small Cap Fund0.94%9 -45%
Samco Active Momentum Fund1.14%9 +31%
Baroda BNP Paribas Banking and Fin Serv Fund1.45%6 -16%
SBI Nifty Smallcap 250 Index Fund0.30%5 +9%
Motilal Oswal Financial Services Fund2.27%5 +66%
Groww Small Cap Fund0.57%4 -50%
Motilal Oswal Nifty Smallcap 250 Index Fund0.30%4 +9%
JioBlackRock Flexi Cap Fund0.11%4 +100%
Motilal Oswal Services Fund2.50%3 +224%
NJ Momentum Fund0.87%3 +100%
NJ Value Fund1.24%3 +100%
ICICI Pru Nifty Smallcap 250 Index Fund0.30%2 +9%
HDFC NIFTY Smallcap 250 Index Fund0.30%2 +9%
Samco Multi Cap Fund1.00%2 -22%

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 12% of net profit over the last 3 years
explainLow interest cover Interest cover 1.4x in 2026
lookAuditor change Auditor change 2026-09-19: The Jammu & Kashmir Bank Limited 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.

Latest quarter

Jun 2026
Revenue ₹3,547 Cr +8.5% vs Jun 2025. Net profit ₹429 Cr -11.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-08-19Dividend - Rs 2.15 Per Share
2024-08-09Annual General Meeting/Dividend - Rs 2.15 Per Share
2023-08-17Annual General Meeting/Dividend - Rs 0.50 Per Share
2016-07-11 Dividend - Rs 1.75/- Per Share
2015-08-13 Dividend - Rs 2.10/- Per Share
2014-09-04Face Value Split - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2014-07-24Dividend - Rs 50/- Per Share
2013-06-13Annual General Meeting And Dividend Rs.50/- Per Share
2012-07-05Annual General Meeting And Dividend Rs.33.50 Per Share
2011-06-29Annual General Meeting And Dividend Rs.26/- Per Share
2010-07-22Dividend Rs 22 Per Share
2009-09-17Dividend-Rs.16.90 Per Sh
2008-07-10Agm/Dividend - 155%
2007-05-31Agm/Dividend - 115%
2006-08-17Agm/Dividend-80%
DateTypeWhat it says
2026-10-01UpdatesCOMPLIANCE UNDER REGULATION 6 AND 7 OF SEBI (LODR) REGULATIONS, 2015 .
2026-09-29Credit RatingCredit Rating
2026-09-24AppointmentAppointment of Mr. Tsewang Tharchin, IA&AS as Non- Executive Director of the company w.e.f. September 22, 2026.
2026-09-24Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-22CessationCessation of Mr R K Chhibber as Non- Executive Director of the company w.e.f. September 22, 2026.
2026-09-22AppointmentAppointment of Mr Rajeev Gupta as Non- Executive Director of the Bank w.e.f. September 23, 2026.
2026-09-22General UpdatesFINANCIAL RESULTS OF THE BANK AUDITED BY COMPTROLLER & AUDITOR GENERAL OF INDIA FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 (STANDALONE & CONSOLIDA...
2026-09-21AgreementsAgreements
2026-09-19Concall / analyst meetSchedule of meet
2026-09-19Change in AuditorsChange in Auditors of the company.
2026-09-14AddendumAddendum to the Notice of 88th Annual General Meeting of the Bank
2026-09-11Credit RatingCredit Rating
2026-08-31RetirementRetirement of Mr. Rakesh Koul and Mr. Syed Rais Maqbool
2026-08-31AppointmentAppointment of Mr. Tsewang Tharchin as Non- Executive Director of the company w.e.f. August 31, 2026.
2026-08-29UpdatesBRSR Core.
2026-08-29Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-20ResignationResignation of Mr. Ashish Kundra IAS as Non- Executive Non - Independent Director of the Bank w.e.f. August 20, 2026.
2026-08-20ResignationResignation of Director/KMP/SMP
2026-08-20ResignationResignation of Mr. Ashish Kundra IAS as Non- Executive Non-Independent Director of the Bank w.e.f. August 20, 2026.
2026-08-20Credit RatingCredit Rating
2026-08-19General Updates88th Annual General Meeting of the Bank
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-03NCLTThe Jammu and Kashmir Bank Ltd Vs Kushal International Ltd.
2021-08-02NCLTM/s. Jammu and Kashmir Bank ltd. Vs M/s. Vinod Cotton Corp. Pvt. Ltd.
2021-07-07NCLTM/s. Jammu and Kashmir Bank ltd. Vs M/s. Vinod Cotton Corp. Pvt. Ltd.
2021-02-10NCLTM/s. Jammu and Kashmir Bank ltd. Vs M/s. Vinod Cotton Corp. Pvt. Ltd.
2021-02-04NCLTThe Jammu and Kashmir Bank Ltd Vs Kushal International Ltd.
2020-12-16NCLTM/s. Jammu and Kashmir Bank ltd. Vs M/s. Vinod Cotton Corp. Pvt. Ltd.
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 Jammu and Kashmir Bank Ltd?

Jammu and Kashmir Bank Ltd (J&KBANK) has a market capitalisation of Rs 15,372 Cr. at the 2026-10-01 close.

What is the P/E ratio of Jammu and Kashmir Bank Ltd?

Jammu and Kashmir Bank Ltd trades at a P/E of 6.67 on trailing twelve-month profit, at the 2026-10-01 close.

What were Jammu and Kashmir Bank Ltd's latest quarterly results?

In the Jun 2026 quarter, Jammu and Kashmir Bank Ltd revenue was Rs 3,547 Cr (+8.5% vs Jun 2025) and net profit was Rs 429 Cr.

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

The 52-week high is Rs 201.75 and the 52-week low is Rs 97.35.

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