āagman

Bandhan Bank Ltd

NSE: BANDHANBNKF&O
₹159.10
−₹4.70 (−2.87%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹26,987 Cr
CMP
₹159.10
52-wk High / Low
₹221 / 134
P/E
19.9
P/B
1.1
Book Value
₹159.0
Div Yield
0.90%
ROCE
6.4%
ROE
5.0%
Face Value
₹10
D/E
7.06

Price−2.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹173
√(22.5 × EPS × book value per share)
Cash flow to profit
0.93
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
4.1%
ROE × earnings retention ratio
ROE stability
4.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.54FII −1.48DII +1.80
Latest quarter vs the previous one
Cash-accrual divergence
0.0%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 6.4% trails the sector median of 9.1%
−Borrowings are up 368.6% since FY2016 (3052 to 14303)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 3.3pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,5234,4924,6655,1895,5365,5005,4795,4345,4765,3545,4315,4285,631
Expenses1,9162,0362,0993,4962,1152,2943,2813,1442,9622,9773,0892,8022,849
Operating Profit—————————————
OPM %—————————————
Other Income3855405457015286091,112700726546691771604
Interest2,0322,0492,1402,3302,5312,5662,6642,6782,7182,7652,7432,6332,710
Depreciation0000000000000
Profit before tax960947971641,4181,249645311521158290764676
Net Profit721721733551,063937426318372112206534502
EPS (₹)4.484.484.550.346.605.822.651.972.310.691.283.323.11

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales01,5813,9094,8026,64310,88512,52413,87115,90518,87021,94821,68921,844
Expenses66331,0441,5972,4673,7396,53411,2988,6939,31010,55511,52611,717
Operating Profit—————————————
OPM %—————————————
Other Income81504117061,0631,5492,0222,8232,4692,1712,9672,7342,612
Interest06491,5051,7702,1484,5624,9615,1576,6458,55110,45810,85910,851
Depreciation036678678801031101432382793040
Profit before tax24141,7042,0563,0134,0532,9491292,8932,9433,6231,7341,888
Net Profit12751,1121,3461,9523,0242,2051262,1952,2302,7451,2241,353
EPS (₹)0.012.5110.1511.2816.3618.7813.690.7813.6213.8417.047.608.40

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5011,0951,0951,1931,1931,6101,6111,6111,6111,6111,6111,611—
Reserves12,2393,3518,18910,00913,58515,79815,77017,97319,99922,99423,964—
Other Liabilities251,2821,5327741,4873,0622,6755,2343,6774,6594,5204,902—
Total Liabilities52719,75630,23644,31056,44291,7181,15,0161,38,8671,56,0371,77,8421,91,4762,11,124—
Fixed Assets0237252238222347432415509959855931—
CWIP1080001092255173346214325470—
Investments03,7585,5168,37210,03715,35225,15529,07932,36629,28840,71238,668—
Other Assets41815,76124,46835,70046,07375,99789,3741,09,2001,22,8171,47,3811,49,5841,71,054—
Total Assets52719,75630,23644,31056,44291,7181,15,0161,38,8671,56,0371,77,8421,91,4762,11,124—
Borrowing03,0521,02928552116,37916,96019,92124,71116,37211,13814,303—
Deposits—12,08923,22933,86943,23257,08277,97296,3311,08,0651,35,2021,51,2121,66,344—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity——8,885−2,5992,6956,583−909902−4,24514,8082,7521,143
Cash from Investing Activity——−2,671−2,237−2,373−4,187−1,804−612−1,6181,691−3,879317
Cash from Financing Activity——−2,0232,8461051545882,8034,791−8,579−5,4752,923
Net Cash Flow——4,192−1,9894272,550−2,1253,093−1,0717,921−6,6014,382

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %———————————6.4
ROE %0.014.029.019.019.023.014.01.012.011.012.05.0
EPS (₹)0.012.5110.1511.2816.3618.7813.690.7813.6213.8417.048.40
Book Value (₹)———————————159.0
Face Value (₹)———————————10
P/E———————————19.9
Div Yield %———————————0.90
NPM %12.515.925.724.425.324.315.20.811.910.611.05.0
OPM %————————————
D/E0.004.545.463.643.914.835.456.696.787.016.607.06
P/B———————————1.1

Growth

As of 18 Oct 2026
Compounded sales growth
10 years+30.0%
5 years+12.0%
3 years+11.0%
TTM+0.0%
Compounded profit growth
10 years+16.0%
5 years−11.0%
3 years−18.0%
TTM−34.0%
Stock price CAGR
5 years−12.0%
3 years−10.0%
Last year+4.0%
Return on equity
10 years12.0%
5 years8.0%
3 years9.0%
Last year5.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters82.28%82.28%39.98%39.98%39.98%39.98%39.98%39.98%40.92%40.29%39.74%38.98%37.54%37.00%
FIIs9.61%9.61%34.75%31.20%28.25%26.73%23.23%22.73%24.34%23.44%22.32%22.07%18.64%17.16%
DIIs1.80%1.80%14.79%12.42%15.06%16.33%15.41%16.36%16.52%17.82%18.76%22.33%27.47%29.27%
Government0.00%0.00%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public6.31%6.31%10.42%16.32%16.63%16.89%21.32%20.86%18.14%18.39%19.11%16.55%16.26%16.51%
No. of shareholders4,42,5554,42,5555,50,1387,24,1537,58,7157,49,3158,61,2288,59,4727,88,1237,69,1927,67,1367,11,2846,64,0006,56,668
Change since Jun 2023 (pp)
Promoters −45.28FIIs +7.55DIIs +27.47Public +10.20

Documents

As of 18 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBoard Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Bank, For The Quarter (Q2) And Half-Year Ended September 30, 2026.Grant Of Equity Stock OptionsRumour verification - Regulation 30(11)Clarification sought from Bandhan Bank Ltd
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 17 Aug 2026
17 Aug 2026DIVIDENDDividend - Rs 1.50 Per Share—
14 Aug 2025DIVIDENDDividend - Rs 1.50 Per Share—
13 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
11 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
29 Jul 2021DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
20 Jun 2019DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
12 Jul 2018DIVIDEND Dividend Re 1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman