āagman

Not investment advice. Data and computed figures, for information only.

Indian Bank

NSE: INDIANBF&O
₹835.00
−₹14.45 (−1.70%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,11,771 Cr
CMP
₹835.00
52-wk High / Low
₹1,001 / 757
P/E
8.7
P/B
1.3
Book Value
₹623.0
Div Yield
2.20%
ROCE
6.3%
ROE
15.0%
Face Value
₹10
D/E
10.92

Price+7.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹1,104
√(22.5 × EPS × book value per share)
Cash flow to profit
1.61
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
12.1%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +1.05DII −0.98
Latest quarter vs the previous one
Cash-accrual divergence
−0.8%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 2.7pp over the last year
+PE of 8.7x is below the sector median of 20.4x
Watch-outs
−Latest ROCE of 6.3% trails the sector median of 9.4%
−Borrowings are up 1233.9% since FY2016 (3509 to 46807)
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 6.0pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated 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
Sales13,05013,76414,20314,63315,04115,36915,77015,86016,28516,62817,10217,48818,095
Expenses5,1615,1505,1585,3784,9945,1445,1025,0974,8805,1085,4925,8115,946
Operating Profit—————————————
OPM %—————————————
Other Income1,8712,1662,1132,4322,0772,6022,3972,9351,8542,6432,7932,7732,902
Interest7,3468,0038,3838,6098,8619,1549,3459,4679,92410,04010,20310,37210,657
Depreciation0000000000000
Profit before tax2,4152,7772,7743,0783,2633,6743,7214,2303,3354,1234,1994,0784,394
Net Profit1,8502,0692,2072,2962,5712,8012,9102,9822,2773,1093,1483,1743,357
EPS (₹)14.8516.6116.3717.0419.0820.7921.6022.1416.9023.0723.3623.5624.92

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales15,85316,24416,03917,11519,18221,40139,10838,88844,98555,65062,03967,50469,314
Expenses4,2195,1286,1446,9988,2899,23818,02920,28521,57720,34219,81820,71022,358
Operating Profit—————————————
OPM %—————————————
Other Income1,3721,7892,2222,4171,8913,3266,1117,3807,8048,58210,01110,82911,110
Interest11,39011,79510,89110,85112,16713,79823,43922,12924,71732,34136,82640,53941,271
Depreciation1391511662372593146376015325315436090
Profit before tax1,4789581,0601,4453591,3773,1153,2535,96311,01714,86416,47516,795
Net Profit1,0517521,4551,3113818623,1514,1445,5748,42311,26411,70712,787
EPS (₹)21.8415.6430.2527.297.9114.1527.8833.2644.7462.5183.6186.8994.91

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital4804804804804806091,1291,2451,2451,3471,3471,347—
Reserves14,54916,01016,95418,23519,23522,15938,32943,70648,26158,90170,16678,696—
Other Liabilities6,1565,6835,9576,2446,4946,35923,28518,35620,61224,36526,87537,049—
Total Liabilities1,93,0362,03,9412,18,5072,52,9812,80,3883,10,1416,25,5356,74,0967,13,3347,95,7098,77,0399,91,553—
Fixed Assets2,9693,5083,4363,4213,9643,8987,3927,6947,4727,5388,8548,674—
CWIP5811111059233—
Investments46,06053,28367,78171,61965,27281,8711,78,2921,76,5021,88,3662,15,2422,28,4212,47,682—
Other Assets1,44,0011,47,1431,47,2801,77,9402,11,1522,24,3714,39,8504,89,8965,17,4875,72,9276,39,7607,35,194—
Total Assets1,93,0362,03,9412,18,5072,52,9812,80,3883,10,1416,25,5356,74,0967,13,3347,95,7098,77,0399,91,553—
Deposits1,69,2041,78,2591,82,4802,08,2622,42,0412,60,1845,38,0305,93,5716,21,1236,87,9537,37,0988,27,654—
Borrowing2,6463,50912,63719,76012,13820,83024,76317,21822,09223,14341,55246,807—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5,136−931−10,814−3,6766,270−8,39617,06528,750−27,894−8,61717,39618,815
Cash from Investing Activity−236−772−179−214−176−24721,233−305−314−618−348−428
Cash from Financing Activity−2,3126209,0416,7761,0002,5521,86618−1,5431,195−4,264−7,649
Net Cash Flow2,588−1,082−1,9522,8867,094−6,09140,16328,464−29,751−8,04012,78410,738

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %———————————6.3
ROE %7.05.09.07.02.04.010.010.012.015.017.015.0
EPS (₹)21.8415.6430.2527.297.9114.1527.8833.2644.7462.5183.6186.89
Book Value (₹)———————————623.0
Face Value (₹)———————————10
P/E———————————8.7
Div Yield %———————————2.20
NPM %6.14.28.06.71.83.57.09.010.613.115.614.9
OPM %————————————
D/E11.4311.0211.1912.1812.8912.3414.2613.5912.9911.8010.8910.92
P/B———————————1.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+15.0%
5 years+12.0%
3 years+14.0%
TTM+10.0%
Compounded profit growth
10 years+32.0%
5 years+30.0%
3 years+28.0%
TTM+11.0%
Stock price CAGR
10 years+15.0%
5 years+39.0%
3 years+25.0%
Last year+7.0%
Return on equity
10 years12.0%
5 years14.0%
3 years16.0%
Last year15.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters82.10%82.10%82.10%81.87%81.49%83.46%88.06%79.86%79.86%73.84%73.84%73.84%73.84%
FIIs6.99%6.99%6.99%6.47%5.70%2.74%1.02%1.73%4.17%5.29%4.74%5.82%6.87%
DIIs8.20%8.20%8.20%8.60%10.04%6.29%4.36%11.11%11.55%16.95%17.78%17.75%16.77%
Government—————————————
Public2.71%2.71%2.71%3.05%2.78%7.51%6.56%7.30%4.43%3.93%3.65%2.58%2.54%
No. of shareholders63,50863,50863,50864,86867,4271,10,1723,31,2303,49,6873,13,4483,08,1653,17,4813,19,8973,11,089
Change since Jun 2023 (pp)
Promoters −8.26FIIs −0.12DIIs +8.57Public −0.17

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Interest Rates UpdatesCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Statement Of Debt Securities For The Half Year Period Of FY 2026-27 Ended On September 30, 2026Announcement under Regulation 30 (LODR)-Interest Rates UpdatesProvisional Business Figures Of The Bank As On September 30, 2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTJul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPT

Corporate actions

As of 10 Jun 2026
10 Jun 2026DIVIDENDDividend - Rs 18.25 Per Share—
10 Jun 2025DIVIDENDDividend - Rs 16.25 Per Share—
7 Jun 2024DIVIDENDDividend - Rs 12 Per Share—
12 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 8.60 Per Share—
14 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 6.50 Per Share—
8 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
21 Jun 2018DIVIDEND Annual General Meeting / Dividend- Rs 6 Per Share—
2 Jun 2017DIVIDEND Annual General Meeting/Dividend - Rs 6/- Per Share—
23 Jun 2016DIVIDEND Annual General Meeting/ Dividend - Rs 1.50/- Per Share—
23 Jun 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 4.20/- Per Share—
23 Jun 2014DIVIDENDAnnual General Meeting/Dividend Rs 1.70/- Per Share—
20 Jan 2014DIVIDENDInterim Dividend - Rs 3/- Per Share—
24 Jun 2013DIVIDENDAnnual General Meeting And Dividend Rs.6.60 Per Share—
25 Jun 2012DIVIDENDAnnual General Meeting And Dividend - Rs. 7.50 Per Share—
30 May 2011DIVIDENDAnnual General Meeting And Dividend Rs.7.50 Per Share—
7 Jun 2010DIVIDENDDividend-Rs.4/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman