Bandhan Bank Ltd. (IN:BANDHANBNK)
:BANDHANBNK
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Bandhan Bank Ltd.
(BANDHANBNK)
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Rating:52Neutral
Price Target:
₹177.00
▲(7.53% Upside)
Action:ReiteratedDate:11/01/25
Bandhan Bank's overall stock score is primarily influenced by its financial performance and technical analysis. The significant revenue decline and negative cash flows are major concerns, despite strong profitability metrics. The technical indicators suggest a bearish trend, but the stock is nearing oversold levels. Valuation metrics indicate the stock is reasonably priced, offering a modest dividend yield.
Positive Factors
High Profitability Margins
Despite revenue pressures, Bandhan reports a net profit margin near 28% and healthy operating margins. Sustained high margins indicate disciplined cost control and pricing power in core retail/MSME lending, supporting earnings resilience and internal capital generation over time.
Negative Factors
Sharp Revenue Decline
A 55.33% year decline in revenue represents a material deterioration in core income generation. Such a pronounced top-line drop erodes scale economics, pressures margin sustainability over time, and necessitates clear remediation to restore lending flows or diversify fee streams for durable recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability Margins
Despite revenue pressures, Bandhan reports a net profit margin near 28% and healthy operating margins. Sustained high margins indicate disciplined cost control and pricing power in core retail/MSME lending, supporting earnings resilience and internal capital generation over time.
Read all positive factors
Bandhan Bank Ltd. (BANDHANBNK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹265.17B
Dividend Yield1%
Average Volume (3M)354.15K
Price to Earnings (P/E)28.5
Beta (1Y)1.12
Revenue Growth6.70%
EPS Growth-55.95%
CountryIN
Employees75,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.30
Shares Outstanding1,610,972,300
10 Day Avg. Volume518,527
30 Day Avg. Volume354,148
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.98
Price to Sales (P/S)0.97
P/FCF Ratio-1.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹133.00Price Target Upside-19.20% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)16.03
Revenue Forecast (FY)₹154.56B
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 makes money through (1) interest income and (2) fee-based income. Interest income is earned on loans and advances provided to customers (such as microfinance-style group loans, retail loans, and MSME credit) and on interest-...
Bandhan Bank Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 248.75B | 249.15B | 210.37B | 183.67B | 166.93B | 145.45B |
| Gross Profit | 108.65B | 144.57B | 124.86B | 117.22B | 115.36B | 95.84B |
| EBITDA | 18.49B | 39.02B | 31.80B | 30.36B | 2.39B | 30.52B |
| Net Income | 12.28B | 27.45B | 22.30B | 21.95B | 1.26B | 22.05B |
Balance Sheet | ||||||
| Total Assets | 1.95T | 1.91T | 1.78T | 1.56T | 1.39T | 1.15T |
| Cash, Cash Equivalents and Short-Term Investments | 63.45B | 95.69B | 22.21B | 21.43B | 55.49B | 61.93B |
| Total Debt | 81.18B | 111.38B | 389.73B | 443.95B | 365.77B | 287.72B |
| Total Liabilities | 1.70T | 1.67T | 1.56T | 1.36T | 1.21T | 975.85B |
| Stockholders Equity | 248.70B | 246.05B | 216.10B | 195.84B | 173.81B | 174.08B |
Cash Flow | ||||||
| Free Cash Flow | -86.12B | -135.46B | 60.37B | -46.57B | 6.90B | -11.67B |
| Operating Cash Flow | -84.51B | -132.58B | 65.95B | -42.45B | 9.02B | -9.45B |
| Investing Cash Flow | 16.27B | -38.79B | 16.91B | -16.18B | -6.12B | -18.04B |
| Financing Cash Flow | 36.00B | 105.36B | 185.59B | 165.25B | 211.61B | 214.79B |
Bandhan Bank Ltd. Technical Analysis
Positive
164.60
Price Trends
163.68
Positive
155.46
Positive
162.24
Positive
Market Momentum
-4.50
Positive
53.87
Neutral
67.58
Neutral
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 164.6 is above the 20-day moving average (MA) of 159.82, above the 50-day MA of 163.68, and above the 200-day MA of 162.24, indicating a bullish trend. The MACD of -4.50 indicates Positive momentum. The RSI at 53.87 is Neutral, neither overbought nor oversold. The STOCH value of 67.58 is Neutral, 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 | ₹320.60B | 6.69 | ― | 1.58% | 6.84% | 31.01% | |
76 Outperform | ₹271.84B | 9.24 | ― | 0.86% | 13.61% | 16.82% | |
75 Outperform | ₹325.40B | ― | ― | 1.35% | 17.33% | 45.79% | |
69 Neutral | ₹189.70B | 16.23 | ― | 0.69% | 14.95% | 14.22% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | ₹173.42B | 14.60 | ― | 0.26% | 18.54% | 67.80% | |
52 Neutral | ₹265.17B | 28.48 | ― | 1.00% | 6.70% | -55.95% |
* Financial Sector Average
IN:BANDHANBNK
Bandhan Bank Ltd.
164.60
19.13
13.15%
IN:CENTRALBK
Central Bank of India
35.42
2.26
6.82%
IN:CUB
City Union Bank Limited
255.30
96.74
61.01%
IN:KARURVYSYA
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281.30
113.07
67.21%
IN:PSB
Punjab & Sind Bank Ltd.
24.44
-2.03
-7.67%
IN:UCOBANK
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25.95
-2.48
-8.72%
Bandhan Bank Ltd. Corporate Events
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...
Bandhan Bank Sets January 22 Earnings Call for Q3 and Nine-Month FY26 Results
Jan 16, 2026
Bandhan Bank has scheduled an earnings conference call with analysts and institutional investors on January 22, 2026, to discuss its financial and operational performance for the third quarter and nine months ended December 31, 2025. The call, acc...
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.