Bandhan Bank Ltd - Stock Valuation and Financial Performance

BSE: 541153 | NSE: BANDHANBNK | Bank - Private | Mid Cap

Bandhan Bank Share Price

182.95 0.30 0.16%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Bandhan Bank

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Bandhan Bank stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
29,472.7 Cr.
52-wk low:
52-wk high:

Is Bandhan Bank Ltd an attractive stock to invest in?

1. Is Bandhan Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bandhan Bank Ltd is a good quality company.

2. Is Bandhan Bank Ltd undervalued or overvalued?

The key valuation ratios of Bandhan Bank Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Bandhan Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bandhan Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bandhan Bank:

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.
Bandhan Bank Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Net Interest Income (₹ Cr.)009332,4043,0324,4956,3247,5638,7149,2609,931
YoY Gr. Rt. %-NANA157.7%26.2%48.3%40.7%19.6%15.2%6.3%-
Total Income081,7314,3205,5087,70612,43514,54616,69418,37320,048
YoY Gr. Rt. %-NA21676.7%149.5%27.5%39.9%61.4%17%14.8%10.1%-
Adj EPS (₹ ) 002.510.211.316.418.813.70.813.618.5
YoY Gr. Rt. %-NA25000%304.4%11.1%45%14.8%-27.1%-94.3%1646.2%-
BVPS (₹ )01030.540.678.793.994.4108.1107.9121.5133.6
YoY Gr. Rt. %-NA204.2%33.3%93.7%19.4%0.5%14.5%-0.2%12.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA25%13.6%6.3%
Total IncomeNA27.2%13.9%10.1%
Adj EPSNA3.8%-10.2%1646.2%
Share Price - -19.3% -18% -10.8%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Interest Earned / Total Income0091.3490.4887.1886.2187.5486.183.0986.5689.5
Margins To view Margins Colour Rating Guide click here
NIM (%)
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)00.114.428.619.51922.913.50.711.913.7
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)0021.629.434.340.836.843.441.639.3-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.50%

Total Income has increased 13.90 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

Net Profit has declined -10.16 CAGR in last 3 years

Latest Financials - Bandhan Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 18.5 -
TTM Sales (₹ Cr.) 17,949 -
BVPS (₹.) 133.6 -
Reserves (₹ Cr.) 19,917 -
P/BV 1.37 -
PE 9.88 -
From the Market
52 Week Low / High (₹) 173.45 / 272.00
All Time Low / High (₹) 152.35 / 741.00
Market Cap (₹ Cr.) 29,473
Equity (₹ Cr.) 1,611
Face Value (₹) 10
Industry PE 20.1

Management X-Ray of Bandhan Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Bandhan Bank

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
Income 81,7314,3205,5087,70612,43514,54616,69418,373
Interest Income 01,5813,9094,8026,64310,88512,52413,87215,905
Other Income 81504117061,0631,5492,0222,8222,469
Expenditure 71,4563,2084,1635,7559,41112,34116,56816,179
Interest Expense 06491,5051,7702,1484,5624,9615,1576,645
Operating Expenses 66161,0221,3081,8102,4272,8173,5244,637
Profit Before Tax14141,7042,0563,0134,0532,9491292,893
Taxes 01385937101,0621,0307433698
Profit After Tax 12751,1121,3461,9523,0242,2051262,195
Adjusted EPS (₹)0.012.5110.1511.2816.3618.7813.690.7813.62
Dividend Payout Ratio (%)0%0%0%9%18%0%7%0%11%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Share Capital 5011,0951,0951,1931,1931,6101,6111,6111,611
Total Reserves 12,2393,3518,18910,00913,58515,79815,76517,961
Minority Interest000000000
Borrowings 03,0521,02928552116,37916,96019,92124,711
Other Liabilities -5021,2821,5327741,4873,0622,6755,3673,418
Total Liabilities 019,75730,23644,31056,44291,7181,15,0161,38,9951,55,770


Balance with RBI 08106,0122,8373,8796,3453,3354,9437,327
Balance with Banks4012,3631,3532,6741,9242,0082,8934,379923
Investments 03,7585,5168,37210,03715,35225,15529,07932,366
Advances 012,43816,83929,71339,64366,63081,61393,9751,04,757
Net Block 109237252238222347432415509
Other Assets171502644766271,0141,5336,0329,543
Total Assets 019,75730,23644,31056,44291,7181,15,0161,38,9951,55,770

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 06,9508,885-2,5992,6956,583-909902-4,245
Cash Flow From Investing Activity -102-3,714-2,671-2,237-2,373-5,312-1,804-612-1,618
Cash Flow From Financing Activity 501-3,723-2,0232,8461051545882,8034,791
Net Cash Flow 400-4874,192-1,9894271,426-2,1253,093-1,071

Operational & Financial Ratios

EPS (₹)031011161914114
DPS (₹)000130102
BVPS (₹)103041799494108108122

Margin Ratios

Yield on Advances (%)0.012.723.216.216.816.315.414.815.2
Yield on Investments (%)
Cost of Liabilities (%)
NIM (%)
Interest Spread (%)0.08.417.011.011.910.110.110.310.2

Performance Ratios

ROA (%)
ROE (%)0.114.428.619.519.022.913.50.711.9
ROCE (%)0.026.332.428.328.724.612.02.710.0

Efficiency Ratios

Cost to Income Ratio (%)71.056.936.335.032.630.829.430.539.5
Operating Costs to Assets (%)

Valuation Parameters


Bandhan Bank Ltd Stock News

Bandhan Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bandhan Bank on 12-Apr-2024 16:59 is ₹182.9.
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 12-Apr-2024 16:59 the market cap of Bandhan Bank stood at ₹29,472.7.
The latest P/E ratio of Bandhan Bank as of 12-Apr-2024 16:59 is 9.88.
The latest P/B ratio of Bandhan Bank as of 12-Apr-2024 16:59 is 1.37.
The 52-week high of Bandhan Bank is ₹272.0 and the 52-week low is ₹173.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bandhan Bank is ₹17,949 ( Cr.) .

About Bandhan Bank Ltd

Bandhan Bank started in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. It turned into a non-banking financial company (NBFC) a few years later. In 2015, the Reserve Bank of India (RBI) gave Bandhan the universal banking licence. On August 23, 2015, Bandhan Bank was born with a bouquet of products for customers in all segments. In all the avatars of Bandhan, the objective has remained reaching out to the unbanked and the under-banked, and providing last-mile banking for all, big or small. The core purpose has graduated from financial inclusion to inclusive banking.

The Bank is driven by a constant desire to serve its customers better. It offers world-class banking products and services to urban, semi-urban and rural customers. The experienced management, diversified team, and a well-entrenched distribution network, all of which makes the Bank well poised to meet the aspirations of customers and all other stakeholders, are its key differentiators. The service that the Bank provides to its customers stands out, as it strives every day to nurture every relationship, listening closely to customers, and bringing solutions to them that truly cater to their needs.

Business area of the Bank:

Bandhan Bank is focussed on serving the unbanked and underbanked population of India. It offers world-class banking solutions and financial services in the form of asset and liability products and services. It offers regular banking services, microfinance, MSME, and affordable housing finance to urban, semi-urban and rural customers. It works on the ethos of bringing those outside the purview of India’s formal banking marketplace within the ecosystem.

Awards and Recognitions:


  • Bandhan Bank received the ‘Special Initiative Award’ for the year 2014-15 as part of FE INDIA’s Best Bank Awards.
  • Bandhan Bank received the Bihar Mitra Award for Banking and Finance on Bihar Divas in Mumbai.


  • Bandhan Bank bagged ‘The Hindu Business Line Changemakers Award’. It was selected as Changemaker – Financial Transformation (category).
  • Bandhan Bank has been declared the ‘Best Private Sector Bank – Government Scheme Participation (PMMY)’ for the Dun & Bradstreet Banking Awards 2017.


  • Bandhan Bank was declared as the winner in the ‘Noteworthy Lender to the MSE - Private Sector Bank’ category at the SIDBI ET MSE Awards 2018 held on January 2019.
  • Bandhan Bank was given the ‘Best Bank of the Year’ 2018 at Moneycontrol’s ‘The Wealth Creator Awards’ in November 2018.
  • Bandhan Bank received the award in ‘Best Performing Bank’ in terms of Aadhaar generation and update (using online client) at the Aadhaar Excellence Awards in October 2018.
  • Bandhan Bank won the ‘Entrepreneur with Social Impact’ Award at the first edition of the CNBC-AWAAZ CEO Awards 2018 presented by the Chhattisgarh Government in July 2018.


  • ‘Emerging Company of the Year’ at The Economic Times Awards 2019 for Corporate Excellence.
  • ‘Best Bank’ and the ‘Fastest Growing Bank’ in the small size bank category at Businessworld Magna Awards 2019.
  • ‘Fastest Growing Company’ and ‘Excellence in Business Performance’ at The Economic Times Bengal Corporate Awards 2020.
  • ‘Best Indian Banking and Financial Institution’ at Times Business Awards 2020.

Major Events and Milestones:

  • 2001: Bandhan started as a society that stood for financial inclusion and women empowerment through sustainable livelihood creation.
  • 2001: Started microfinance operations in rural Bengal.
  • 2006: Bandhan acquired an NBFC and established Bandhan Financial Services Private Limited, yet the core objective remained that of financial inclusion.
  • 2009: The microfinance portfolio was transferred from society to NBFC.
  • 2010: Bandhan became the largest microfinance institution (MFI) in the country.
  • 2015: Bandhan Bank started operations as a universal bank on August 23.
  • 2015: It became the first microfinance company in India to get a universal banking licence.
  • 2015: On the day of the launch, the Bank started with 2,523 banking outlets.
  • 2018: On the day of listing itself, Bandhan Bank emerged as the 8th most valued bank on the basis of market capitalisation.
  • 2019: Bandhan Bank acquired the stake of HDFC Limited in GRUH Finance, one of India’s foremost affordable housing finance companies.
  • 2020: The Bank set up its 1,000th bank branch and 4,000th banking outlet.
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