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Indian Bank (INDIANB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532814 NSE: INDIANB Bank - Public | Large Cap | Indian Bank Share Price

₹836.80 -10.80 (-1.27%)

As on 04-Jun'26 16:59

Indian Bank (INDIANB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532814 NSE: INDIANB Bank - Public | Large Cap | Indian Bank Share Price

₹836.80 -10.80 (-1.27%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,12,714 Cr.
Current Price
₹836.8
52-Week Low / High
₹606 / 1,000
TTM EPS
₹86.9
TTM Sales
₹67,504 Cr.
Book Value per Share
₹541.8
P/E Ratio
9.63
Higher than its 5-year historical median
Industry PE
9
Price to Book (P/B)
1.54
Higher than its 5-year historical median
EV/EBITDA
6.27
Higher than its 5-year historical median
Dividend Yield
2.16%
Profitability Efficiency
Return on Equity (ROE)
17.81%
Return on Capital Employed (ROCE)
16.28%
Net Interest Margin (NIM)
2.78%
Return on Assets (ROA)
1.31%
Growth Momentum
1-yr vs 3-yr growth
Deposit Growth (1 Year)
Improving versus 3-year growth rate
12.29%
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
6.95%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
13.47%
Asset Quality
CASA
37.9%
Gross NPA(%)
1.98%
Net NPA(%)
0.15%
Cost to Income Ratio
47.04%
Cost of Liabilities
4.64%
Reserves
₹71,628 Cr.
Equity
₹1,347 Cr.
Face Value
₹10
All Time Low / High
₹41.70 / 1000.05

Indian Bank stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Indian Bank a good quality company?
Indian Bank is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NIM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth and Cost-to-Income ratio.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

How does Indian Bank performance compare with that of its Peers?
Q.1 AUM Growth of Indian Bank vs Industry Peers?
Indian Bank AUM CAGR is 23.11%, compared to the 5-year industry median CAGR of 17.68%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Indian Bank?
Promoters hold 73.84% of the Indian Bank, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Indian Bank over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 24.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Bank has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Net Interest Income (₹ Cr.)5,1486,2647,0157,60415,66916,75920,26823,30925,21326,96526,965
YoY Gr. Rt. %-21.7%12%8.4%106.1%7%20.9%15%8.2%7%-
Total Income18,26219,53221,07424,72745,21946,26852,79064,23272,05178,33378,333
YoY Gr. Rt. %-7%7.9%17.3%82.9%2.3%14.1%21.7%12.2%8.7%-
Adj EPS (₹ ) 30.327.37.914.227.933.344.762.583.686.986.9
YoY Gr. Rt. %--9.8%-71%78.9%97%19.3%34.5%39.7%33.8%3.9%-
BVPS (₹ )306.8335.1346.1374349.4311.1348.5402.9477.5541.8541.8
YoY Gr. Rt. %-9.2%3.3%8.1%-6.6%-11%12%15.6%18.5%13.5%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.70.50.10.30.60.60.81.11.31.31.2
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)4.43.83.83.13.42.30.90.40.20.20.2
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

9 Years 5 Years 3 Years 1 Years
Net Interest Income20.2%11.5%10%7%
Total Income17.6%11.6%14.1%8.7%
Adj EPS12.4%25.5%24.8%3.9%
BVPS6.5%9.2%15.9%13.5%
Share Price 24.7% 42.3% 44.2% 32.9%

Key Financial Ratios

RATIOS \ YEARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Interest Earned / Total Income87.8387.6391.0286.5586.4984.0585.2286.6486.1186.1886.2
Margins To view Margins Colour Rating Guide click here
NIM (%)2.52.62.62.62.62.63332.82.7
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)9.98.223.99.710.21316.718.517.816.8
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)37.13734.734.742.341.84240.838.437.9-

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Income +18,26219,53221,07424,72745,21946,26852,79064,23272,05178,333
Interest Income 16,03917,11519,18221,40139,10838,88844,98555,65062,03967,504
Other Income 2,2222,4171,8913,3266,1117,3807,8058,58210,01110,829
Expenditure +14,25514,52516,19518,23034,22833,48337,44247,29452,94958,317
Interest Expense 10,89110,85112,16713,79823,43922,12924,71732,34136,82640,539
Operating Expenses 3,3633,6734,0284,43310,78911,35412,72514,95316,12317,778
Provisions2,1393,6133,5604,7288,0769,4228,9795,8584,3533,578
Profit Before Tax1,7651,0802831,3772,9173,2535,96311,01714,86416,475
Taxes 353-183-38619-99-7416332,8883,8694,248
Profit After Tax 1,4131,2633217583,0163,9945,3308,12910,99512,227
Adjusted EPS (₹)30.2527.297.9114.1527.8833.2644.7462.5183.6186.89
Dividend Payout Ratio (%)19.80%22%0%0%7.20%19.60%19.20%19.20%19.40%21%

Valuation of Indian Bank - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Share Capital 4804804806091,1291,2451,2451,3471,3471,347
Total Reserves 16,95418,23519,23522,15938,32943,70648,26158,90170,16678,696
Deposits1,82,4802,08,2622,42,0412,60,1845,38,0305,93,5716,21,1236,87,9537,37,0988,27,654
Borrowings 12,63719,76012,13820,83024,76317,21822,09223,14341,55246,807
Minority Interest19202021232526293235
Other Liabilities 5,9386,2246,4746,33723,26218,33120,58524,33526,84337,015
Total Liabilities 2,18,5072,52,9812,80,3883,10,1416,25,5356,74,0967,13,3347,95,7098,77,0399,91,553

Assets

Balance with RBI 5,58910,50211,7025,73627,54558,55532,69332,70331,94834,055
Balance with Banks4,4592,4328,3268,20023,95921,41417,5249,47423,01431,645
Investments 67,78171,61965,27281,8711,78,2921,76,5021,88,3662,15,2422,28,4212,47,682
Advances 1,27,7081,56,5691,81,2621,97,8873,62,6693,89,1864,49,2945,14,8895,71,0716,54,888
Net Block 3,4363,4213,9643,8987,3917,6937,4707,5238,8268,642
Other Assets9,5258,4389,86212,54725,67720,74217,97615,86113,72814,606
Total Assets 2,18,5072,52,9812,80,3883,10,1416,25,5356,74,0967,13,3347,95,7098,77,0399,91,553

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity -10,814-3,6766,270-8,39617,23128,750-27,894-8,61717,39618,815
Cash Flow From Investing Activity -179-214-249-247-545-305-314-618-348-428
Cash Flow From Financing Activity 9,0416,7761,0002,5521,86618-1,5431,195-4,264-7,649
Net Cash Flow -1,9522,8867,021-6,09118,55228,464-29,751-8,04012,78410,738

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Operational & Financial Ratios

EPS (₹)30.3027.307.9014.2027.9033.3044.7062.5083.6086.90
DPS (₹)660026.508.601216.3018.30
BVPS (₹)306.8335.1346.1374349.4311.1348.5402.9477.5541.8

Margin Ratios

Yield on Advances (%)12.610.910.610.810.810.010.010.810.910.3
Yield on Investments (%)7.88.18.07.57.57.26.46.77.16.9
Cost of Liabilities (%)5.64.84.84.94.23.63.84.64.74.6
NIM (%)2.52.62.62.62.62.63.03.03.02.8
Interest Spread (%)7.06.25.85.96.66.46.26.36.15.7

Performance Ratios

ROA (%)0.70.50.10.30.60.60.81.11.31.3
ROE (%)9.98.22.03.99.710.213.016.718.517.8
ROCE (%)8.45.13.55.87.77.011.216.617.316.3

Efficiency Ratios

Cost to Income Ratio (%)45.642.345.240.649.547.045.346.945.847.0
Operating Costs to Assets (%)1.51.51.41.41.71.71.81.91.81.8

Valuation Parameters

Price/Book(x)0.90.90.80.10.30.50.81.31.11.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indian Bank FAQs

The current trading price of Indian Bank on 04-Jun-2026 16:59 is ₹836.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Indian Bank stood at ₹1,12,714 Cr

The latest P/E ratio of Indian Bank as of 03-Jun-2026 is 9.27.

The latest P/B ratio of Indian Bank as of 03-Jun-2026 is 1.58.

The 52-week high of Indian Bank is ₹1,000.1 and the 52-week low is ₹605.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Bank is ₹67,451 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Bank is a average quality company.

The key valuation ratios of Indian Bank's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indian Bank is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Indian Bank

Indian Bank was established as a part of Swadeshi movement on August 15, 1907. It provides a wide spectrum of banking products and services. It is pioneer in introducing Self Help Groups and Financial Inclusion Project in the country.

The year 2019-20 was eventful for Indian Bank as the Bank was identified as the Anchor Bank in consolidation of PSBs. The Government on August 30, 2019 announced the Amalgamation of Allahabad Bank- a bank with 155 years legacy into Indian Bank.

Post amalgamation, Indian Bank enjoys the benefits of doubled balance sheet size, optimized capital utilization and wider geographic reach leading to deeper penetration. The Bank has access to larger talent pool, better products and opportunities to cross sell / upsell. It also leverages upon the increased operational and process efficiencies.

Business area of the bank

The bank provides a wide spectrum of banking products and services. The services offered by the bank include personal banking - under this the bank offers fixed deposits, saving accounts, recurring accounts, saving accounts for kids and senior citizens, internet banking, ATM facility, debit/credit cards, home loans, personal loans. The bank offers banking products and services to NRI clients such as saving accounts, remittance facilities, forex advisory services, home loans, etc. 

Products and services

  • Loan products
  • Deposit products
  • Digital Products
  • Point of Sale (PoS)
  • Merchant UPI QR Code
  • BHIM Aadhaar Pay
  • Online Collection Products
  • Featured Products / Services / Schemes
  • National Pension System (NPS)

Awards & Accolades

FY 2017-18

  • Named the Best Brand by ‘the Economic Times Best BFSI Brands 2018’
  • Financial Express/EY Best Bank 2016-17 - Nationalised Banks
  • ASSOCHAM Social Banking Excellence Awards 2017 Winner Best Social Bank category and Runner up Priority sector lending

FY 2018-19

  • Best performing PSB under APY 2017-18 - PFRDA
  • Best Performance - Financial Literacy - 2018-19 - NABARD
  • Best Bank in SHG Bank linkage Programme' for 2017-18 from Govt of Tamil Nadu. Bank has bagged this award for consecutive years.
  • National Award for Best Performance in SHG Bank Linkages 2017-18 Public Sector Banks (Small Category) by National Rural Livelihoods Mission, Ministry of Rural Development, Government of India.
  • Best Financial Inclusion Initiatives - Runner up - Indian BanksAssociation (IBA).
  • ASSOCHAM - Social Banking Excellence Award 2018 - Winner in Agricultural Banking, Priority Sector Lending, Technology & Overall Best Social Bank.
  • Best Public Sector Bank Banking Excellence Award 2018 - By State Forum of Banker's Clubs Kerala.

FY 2019-20

  • Technology Senate’ award from Indian Express Group for the product ‘VCollect Plus’ for enabling collection through Cash / Cheque at any branch or NEFT / RTGS through any Bank
  • MeitY Award for Digital Payments under Mid-Size Bank category for the highest digital transactions.
FY 2020-21

  • First among PSBs for Excellence in performance under “SHG Bank Linkage Programme in Tamil Nadu” for FY 2019-20 from NABARD.
  • Bank has been bagging the Best Bank award for 11 consecutive years in “SHG Bank linkage Programme” from Govt. of Tamil Nadu.
  • Performance of Bank in SHG lending in the State of West Bengal for FY 2019-20 was recognized by West Bengal State Rural Livelihood Mission.
FY 2021-22

  • In APY, Bank bagged 2nd position in PFRDA in terms of annual APY performance with 96 Average Accounts Per Branch (AAPB) and awarded “Annual APY Award for Excellence” for FY 2021-22 having achieved 137% of target.
  • Bank ranked No.1 and was awarded “Par Excellence” for Amazing Achievers of APY 2.0 campaign of PFRDA for FY 2021-22. Amongst all PSB branches, the first three positions in the Industry was won by Bank branches i.e. Gola Gokarn Nath, Baberu and Mankapur.
FY 2022-23

  • Bank emerged as the winner in BFSI Award 2023 in Best Brand category for spurring growth amidst global slowdown by the Economic Times.
  • Bank received the “Golden Peacock National Training Award-2023’’ for excellence in training practices from Hon’ble Minister of UAE at Dubai.
  • Bank bagged “CGTMSE Achievement Award FY23” for best efforts in information dissemination.
FY 2023-24

  • It was recognized as the Fastest Growing Public Sector Bank by Dalal Street Investment Journal (DSIJ) in the 2023 Banking awards.
  • The Bank received the BFSI Award for Use of Emerging Technology in Banking Industry for Project 'PARADISE,' acknowledging its adoption of Cloud Computing for AiX Environment.
  • At the IBA 19th Annual Banking Technology Conference, Expo & Citations, the Bank was acknowledged with a 'Best Technology Bank -Special Mention' award.
  • Marksmen Daily named it the Most Preferred Workplace in the BSFI sector for FY24.
  • Among all PSBs, the Bank topped the campaign for MD & CEOs and EDs, earning the Exemplary Award of Par Excellence APY Leadership Pinnacle.
FY 2024-25

  • The Bank received prestigious SKOCH Award for “Project WAVE”, - Indian Bank's digital transformation journey and for “SMA Collection Proclivity Predictor”- a model built to predict the probability of default for Special Mention Accounts (SMA) and reduce risks by outlining a targeted collection journey.
  • At Tamil Nadu Leadership Awards 2024, the Bank received CEO of the Year Award and Best Public Sector Bank Award.
  • At the EASE 6.0 Reforms Index awards, the Bank was awarded as the second-best improver in the Top Improver category and it secured the third position in the People & HR Operations category.
  • The Bank was recognized at ASSOCHAM's 11th MSME Excellence Award & Conference in New Delhi, receiving accolades for Excellent Customer Service for MSMEs and being named the Best Technology Enabler of the Year for MSMEs.
  • Indian Bank was honoured during the ET Now Best BFSI Brands 2025 Conclave.
  • The Bank has received The Economic Times CIO Award for Enterprise IT Excellence 2025 for its exceptional achievement in implementing cutting-edge technology for a future-proof digital infrastructure.
  • The Bank won the 5th edition of Most Trusted Brands in India 2025-26 by Marksmen Daily.

Milestones

  • 1907: Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907.
  • 1907: In the year 1907, the Indian Bank Ltd. had the tree 'Banyan' as a part of its emblem denoting an all-around progress, growth (far and wide) and an ever increasing prosperity.
  • 1921: Bank's capital was raised to Rs 60 lakhs from Rs 20 lakhs.
  • 1932: Bank celebrated its Silver Jubilee
  • 1932: Bank opened its first overseas operations in Colombo
  • 1941: Singapore branch was opened
  • 1952: Bank's deposits crossed Rs 20 crore at the end of 1952.
  • 1957: Bank celebrated its Golden Jubilee
  • 1967: Bank celebrated its Diamond Jubilee
  • 1970: Bank's Head Office housed in a rental building, moved into the new building.
  • 1978: Indian Bank's logo was approved in July 1978 comprising of three circling arrows arranged around a central point.
  • 1980: Bank's deposit crossed Rs 1000 crore.
  • 1982: Bank celebrated its Platinum Jubilee
  • 1983: Bank crossed its Rs 1000 crore mark in credit.
  • 1985: Global Deposit crossed the Rs 3000 crore mark.
  • 1986: Global credit crossed Rs 2000 crore.
  • 1989: The era of technology initiated with the installation of Mainframe at the Head Office.
  • 1989: Indian Bank was the first Public Sector Bank to install ATM.
  • 1990: Bank of Thanjavur Ltd. (BoT) with 157 branches was amalgamated with the Bank.
  • 1993: The first total branch computerization project was inaugurated.
  • 1999: Bank's domestic deposits crossed the Rs 15000 crore mark during the year.
  • 1999: Government of India infused a sum of Rs 100 crore during March 1999 as additional capital.
  • 2002: Bank turned around by earning a net profit of Rs 33.22 crore during the year after a gap of 6 years.
  • 2002: Bank posted an operating profit of Rs 307.15 crore, with an increase of nearly 399%.
  • 2006: The centenary year celebration of the Bank was inaugurated by His Excellency the President of India Shri.AP JAbdul Kalam on 4 September.
  • 2007: Bank went in for Initial Public Offer in February, 2007.
  • 2008: Bank's business crossed the Rs 1 lakh crore mark in March 2008.
  • 2008: Achieved 100 per cent Core Banking Solutions (CBS) compliant.
  • 2011: Jaffna branch was opened on January 21, 2011.
  • 2012: Inauguration of new Hi-Tech Corporate Office, at Royapettah which is considered a landmark in Chennai.
  • 2012: Bank crossed the Rs 2 lakh crore mark in business.
  • 2013: Bank crossed the 2000 mark in branch network.
  • 2013: First Corporate Office building among PSBs in India to get the ISO 9001:2008 Certification
  • 2015: Bank's business crossed milestone of Rs 3 lakh crore in June 2015.
  • 2018: Bank was the only PSB which had not received capital from Govt of India.
  • 2019: Bank's business crossed Rs 4.5 lakh crore in December 2019.
  • 2019: Government of India announced Amalgamation of Allahabad Bank - a bank with 155 years legacy into Indian Bank.
  • 2020: Indian Bank launches emergency credit facilities for agriculture sector
  • 2021: Indian Bank entered into an Memorandum of Understanding (MOU) with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs.
  • 2022: Bank’s Global Business surpassed Rs 10 lakh crore.
  • 2023: Bank’s Global Business was at Rs 10.95 lakh crore.
  • 2024: Bank’s Global Business surpassed Rs 12 lakh crore.
  • 2025: Bank’s Global Business stood at Rs 13.25 lakh crore.
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