Bandhan Bank Ltd. (IN:BANDHANBNK)
:BANDHANBNK
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Bandhan Bank Ltd.
(BANDHANBNK)
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Rating:58Neutral
Price Target:
₹206.00
▲(18.12% Upside)
Action:ReiteratedDate:04/30/26
The score is held back mainly by uneven financial consistency (notably volatile cash flows and a profitability step-down in 2026) and a relatively high P/E with low yield. These are partly offset by strong technical positioning, with the price above major moving averages and positive momentum indicators.
Positive Factors
Branch and rural market franchise
A deep branch and digital footprint in underserved, semi-urban and rural markets creates a durable retail deposit and lending franchise. This supports stable deposit mobilization, sticky customer relationships, and steady loan origination opportunities versus urban-only peers over the medium term.
Negative Factors
Inconsistent cash generation
Material swings in operating and free cash flow weaken the bank's ability to self-fund growth, build cushions, and reliably cover capital needs. Persistent volatility can force reliance on market funding or equity issuance, raising cost of capital and constraining strategic initiatives across the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Branch and rural market franchise
A deep branch and digital footprint in underserved, semi-urban and rural markets creates a durable retail deposit and lending franchise. This supports stable deposit mobilization, sticky customer relationships, and steady loan origination opportunities versus urban-only peers over the medium term.
Read all positive factors
Bandhan Bank Ltd. (BANDHANBNK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹321.95B
Dividend Yield1%
Average Volume (3M)354.15K
Price to Earnings (P/E)28.5
Beta (1Y)1.22
Revenue Growth-1.78%
EPS Growth-55.40%
CountryIN
Employees75,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.30
Shares Outstanding1,610,978,600
10 Day Avg. Volume518,527
30 Day Avg. Volume354,148
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.05
Price to Sales (P/S)4.43
P/FCF Ratio-3.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹174.00Price Target Upside-0.23% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)16.06
Revenue Forecast (FY)₹154.65B
Bandhan Bank Ltd. Business Overview & Revenue Model
Company Description
Bandhan Bank Limited provides commercial banking services in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. The company accepts fixed and recurring deposits; and offers saving...
How the Company Makes Money
Bandhan Bank primarily earns money through (1) interest income and (2) fee and other income. Interest income is generated by lending—such as micro/SME and other retail and wholesale loans—where the bank charges borrowers interest; this is reduced ...
Bandhan Bank Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 248.75B | 244.23B | 249.15B | 210.37B | 183.67B | 166.93B |
| Gross Profit | 108.65B | 94.33B | 144.57B | 124.86B | 117.22B | 115.36B |
| EBITDA | 18.49B | 20.38B | 39.02B | 31.80B | 30.36B | 2.39B |
| Net Income | 12.28B | 12.24B | 27.45B | 22.30B | 21.95B | 1.26B |
Balance Sheet | ||||||
| Total Assets | 1.95T | 2.11T | 1.91T | 1.78T | 1.56T | 1.39T |
| Cash, Cash Equivalents and Short-Term Investments | 63.45B | 139.51B | 95.69B | 22.21B | 21.43B | 55.49B |
| Total Debt | 81.18B | 143.03B | 111.38B | 389.73B | 443.95B | 365.77B |
| Total Liabilities | 1.70T | 1.86T | 1.67T | 1.56T | 1.36T | 1.21T |
| Stockholders Equity | 248.70B | 255.75B | 246.05B | 216.10B | 195.84B | 173.81B |
Cash Flow | ||||||
| Free Cash Flow | -86.12B | 64.56B | -135.46B | 60.37B | -46.57B | 6.90B |
| Operating Cash Flow | -84.51B | 69.85B | -132.58B | 65.95B | -42.45B | 9.02B |
| Investing Cash Flow | 16.27B | -206.57B | -38.79B | 16.91B | -16.18B | -6.12B |
| Financing Cash Flow | 36.00B | 180.55B | 105.36B | 185.59B | 165.25B | 211.61B |
Bandhan Bank Ltd. Technical Analysis
Positive
174.40
Price Trends
166.12
Positive
156.45
Positive
162.03
Positive
Market Momentum
1.74
Negative
60.25
Neutral
92.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANDHANBNK, the sentiment is Positive. The current price of 174.4 is above the 20-day moving average (MA) of 158.22, above the 50-day MA of 166.12, and above the 200-day MA of 162.03, indicating a bullish trend. The MACD of 1.74 indicates Negative momentum. The RSI at 60.25 is Neutral, neither overbought nor oversold. The STOCH value of 92.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BANDHANBNK.
Bandhan Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹329.56B | 6.69 | ― | 1.58% | 8.35% | 29.62% | |
76 Outperform | ₹283.68B | 9.24 | ― | 0.86% | 12.12% | 21.90% | |
75 Outperform | ₹336.44B | ― | ― | 1.35% | ― | ― | |
68 Neutral | ₹200.63B | 13.41 | ― | 0.69% | 17.48% | 17.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | ₹321.95B | 28.48 | ― | 1.00% | -1.78% | -55.40% | |
56 Neutral | ₹176.75B | 14.60 | ― | 0.26% | 5.44% | 24.12% |
* Financial Sector Average
IN:BANDHANBNK
Bandhan Bank Ltd.
199.85
39.62
24.73%
IN:CENTRALBK
Central Bank of India
36.41
0.07
0.18%
IN:CUB
City Union Bank Limited
270.00
98.07
57.04%
IN:KARURVYSYA
Karur Vysya Bank Ltd.
293.55
116.25
65.57%
IN:PSB
Punjab & Sind Bank Ltd.
24.91
-4.34
-14.84%
IN:UCOBANK
UCO Bank
26.83
-4.31
-13.84%
Bandhan Bank Ltd. Corporate Events
Bandhan Bank Uploads Q4 and FY 2026 Earnings Call Audio for Investors
Apr 28, 2026
Bandhan Bank Limited has notified the stock exchanges that it has hosted audio recordings of its recent press conference and earnings call discussing the audited financial results for the fourth quarter and financial year ended March 31, 2026, on ...
Bandhan Bank Warns on IEPF Share Transfers, Highlights Investor Relief Windows
Apr 24, 2026
Bandhan Bank has notified exchanges that, in line with the Companies Act and IEPF rules, it has issued newspaper notices regarding the impending transfer of equity shares to the Investor Education and Protection Fund Authority where dividends have...
Bandhan Bank Receives ESG Score of 76.9 for FY 2024-25
Mar 11, 2026
Bandhan Bank Limited has received an adjusted ESG score of 76.9 for FY 2024-25 from SEBI-registered ESG rating provider SES ESG Research Private Limited. The rating, based on the bank’s public disclosures and other publicly available informa...
Bandhan Bank Details Singapore Investor Meetings at UBS Emerging India Event
Mar 9, 2026
Bandhan Bank Ltd. has disclosed details of an analysts and institutional investors group meeting held on March 9, 2026, in Singapore as part of the UBS Emerging India Mid-Caps Corporate Day. The bank met with Oxbow Capital Management (SG) Pte. Ltd...
Bandhan Bank Denies Knowledge of Sale Talks After Share Price Fall
Mar 9, 2026
Bandhan Bank has responded to stock exchange queries following a media report suggesting the lender may be put up for sale as the microfinance cycle improves, a news item that coincided with a 5.9% fall in its share price on March 9, 2026. The ban...
RBI Clears SBI Mutual Fund to Acquire Up to 9.99% Stake in Bandhan Bank
Feb 26, 2026
Bandhan Bank Ltd. has disclosed that the Reserve Bank of India has approved SBI Mutual Fund to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights. The approval is conditional on compliance with b...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.