Indian Bank (IN:INDIANB)
:INDIANB
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Indian Bank
(INDIANB)
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Rating:69Neutral
Price Target:
₹1,058.00
▲(18.99% Upside)
Action:DowngradedDate:02/03/26
The score is primarily supported by solid financial performance (strong ROE and moderate leverage), but it is capped by negative operating/free cash flow trends and some profitability pressure. Valuation is favorable with a low P/E, while technicals are mixed with near-term weakness but a longer-term uptrend.
Positive Factors
High ROE and moderate leverage
A robust ROE (15.75%) with moderate debt-to-equity (~0.58) indicates effective use of equity and balanced leveraging. This durable capital efficiency supports internal capital formation, funds lending growth, and provides resilience to absorb cyclical losses without immediate external recapitalization.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flows suggest limited internal liquidity generation and potential reliance on external funding. Over months this can constrain loan growth, raise funding costs, reduce capacity for provisioning, and pressure liquidity ratios if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
High ROE and moderate leverage
A robust ROE (15.75%) with moderate debt-to-equity (~0.58) indicates effective use of equity and balanced leveraging. This durable capital efficiency supports internal capital formation, funds lending growth, and provides resilience to absorb cyclical losses without immediate external recapitalization.
Read all positive factors
Indian Bank (INDIANB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.18T
Dividend Yield2.07%
Average Volume (3M)54.70K
Price to Earnings (P/E)9.0
Beta (1Y)1.20
Revenue Growth9.31%
EPS Growth8.86%
CountryIN
Employees40,251
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)23.56
Shares Outstanding1,346,964,000
10 Day Avg. Volume66,177
30 Day Avg. Volume54,705
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.00
Price to Sales (P/S)0.99
P/FCF Ratio-2.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹950.00Price Target Upside6.84% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)97.78
Revenue Forecast (FY)₹415.42B
Indian Bank Business Overview & Revenue Model
Company Description
Indian Bank provides various banking products and services. The company offers deposit products, including savings bank and current accounts, term deposits, and non resident Indian (NRI) accounts. It also provides agriculture, group, personal/indi...
How the Company Makes Money
Indian Bank primarily makes money through interest-based income and fee/other income typical of a universal commercial bank.
1) Net interest income (core earnings): The largest revenue driver is generally the spread between interest earned on ass...
Indian Bank Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 751.37B | 720.49B | 642.34B | 527.89B | 462.65B | 452.20B |
| Gross Profit | 271.29B | 352.23B | 318.93B | 280.72B | 241.36B | 217.81B |
| EBITDA | 115.16B | 115.38B | 86.60B | 58.63B | 45.95B | 36.53B |
| Net Income | 112.76B | 112.61B | 84.19B | 55.72B | 41.42B | 31.49B |
Balance Sheet | ||||||
| Total Assets | 9.24T | 8.77T | 7.96T | 7.13T | 6.74T | 6.28T |
| Cash, Cash Equivalents and Short-Term Investments | 581.86B | 549.61B | 421.77B | 502.17B | 799.68B | 541.00B |
| Total Debt | 422.82B | 415.52B | 231.43B | 220.92B | 172.18B | 303.75B |
| Total Liabilities | 8.48T | 8.05T | 7.35T | 6.64T | 6.29T | 5.89T |
| Stockholders Equity | 768.87B | 715.13B | 602.48B | 495.07B | 449.52B | 394.58B |
Cash Flow | ||||||
| Free Cash Flow | -343.80B | -322.89B | -92.44B | -282.28B | 284.27B | 165.04B |
| Operating Cash Flow | -341.66B | -317.49B | -86.17B | -278.94B | 287.50B | 170.65B |
| Investing Cash Flow | -1.99B | -3.48B | -6.18B | -3.14B | -3.05B | -5.45B |
| Financing Cash Flow | 375.90B | 448.82B | 11.95B | -15.43B | 184.30M | 18.66B |
Indian Bank Technical Analysis
Positive
889.15
Price Trends
912.42
Positive
873.38
Positive
792.99
Positive
Market Momentum
12.62
Negative
54.37
Neutral
60.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIANB, the sentiment is Positive. The current price of 889.15 is below the 20-day moving average (MA) of 903.03, below the 50-day MA of 912.42, and above the 200-day MA of 792.99, indicating a bullish trend. The MACD of 12.62 indicates Negative momentum. The RSI at 54.37 is Neutral, neither overbought nor oversold. The STOCH value of 60.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDIANB.
Indian Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹1.39T | 7.03 | ― | 2.86% | 4.07% | -4.72% | |
75 Outperform | ₹1.24T | 6.69 | ― | 2.66% | 4.68% | 23.02% | |
75 Outperform | ₹1.28T | 6.40 | ― | 2.40% | 10.10% | 2.56% | |
74 Outperform | ₹651.94B | 5.82 | ― | 2.87% | 10.67% | 15.26% | |
69 Neutral | ₹1.18T | 8.96 | ― | 2.07% | 9.31% | 8.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹1.28T | 6.95 | ― | 3.15% | -0.57% | 7.81% |
* Financial Sector Average
IN:INDIANB
Indian Bank
876.10
331.91
60.99%
IN:BANKBARODA
Bank of Baroda
268.25
28.03
11.67%
IN:BANKINDIA
Bank of India
143.20
31.84
28.59%
IN:CANBK
Canara Bank
136.95
43.49
46.53%
IN:PNB
Punjab National Bank
111.15
14.21
14.66%
IN:UNIONBANK
Union Bank of India Limited
167.35
45.29
37.10%
Indian Bank Corporate Events
Indian Bank Opens Special Window for Transfer and Demat of Physical Shares
Mar 9, 2026
Indian Bank has notified stock exchanges that it has issued a newspaper notice to inform shareholders about the opening of a special window for the transfer and dematerialization of physical securities. The announcement, carried in leading English...
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.