NSE/INDIANB

INDIANBIndian Bank

Financial Services · NSE

₹939.45-0.06%

52-wk low52-WEEK RANGE52-wk high

₹526.95+78.3% from low ·-5.3% from high₹991.55

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

INDIANB+78.28% · 1Y

Range high ₹1,000.9Range low ₹524.45Latest ₹939.45252 bars · daily-close · NSE bhavcopy + 10Y history

Financial ServicesBanks - RegionalLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite88/100

Performance

High

Amongst the strong performers in the market.

· 52w return +62.7% — strong momentum
· Trades 15.3% above 200-DMA — uptrend intact

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 10.9 vs sector median 18.5 — 41% cheaper
· P/B 1.57 below sector median 2.13

Growth

High

Growing faster than the broader market.

· Revenue YoY +22.4% — strong top-line
· Profit YoY +35.4% — strong earnings growth

Profitability

Medium

Average profitability vs peers.

· ROE 15.8%
· Net margin 31.7% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeA(82/100)

Durability

71/100

Reasonable financial health; watch the weaker inputs.

Show 2 drivers

Piotroski F-score6/8 (75pt)
ROE15.8% (63pt)

Valuation

A+

91/100

Attractively valued vs peers and growth — good margin of safety.

Show 3 drivers

P/E vs sector (10.9 / 18.5)59% (100pt)
P/B1.57 (100pt)
Dividend yield1.73% (43pt)

Momentum

A+

85/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+62.7% (100pt)
DMA-trend alignmentup (75pt)
RSI (14)54.1 (60pt)
Price vs 200-DMA+18.2% (96pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)10.88

UNDERVALUED

CheapestP/E 10.9 at 24th %ile of sector — cheaper than 76% of peers.Most expensive

P/B1.57

FAIR

CheapestP/B 1.57 at 33th %ile of sector.Most expensive

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Oct +12.90% · Worst: Sep -6.42%

Jan

+6.9%

80% win

Feb

+0.4%

40% win

Mar

-3.6%

40% win

Apr

+6.7%

80% win

May

+1.9%

60% win

Jun

+8.2%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+3.07%

Median

+4.21%

Std dev

15.40%

Best

+55.4%

Worst

-41.8%

% positive

58%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Strong net margin (31.7%)
High margin indicates pricing power + operating efficiency

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

-0.1%

-2.9%

+7.9%

+13.5%

+27.5%

+71.7%

+49.5%

+46.2%

10Y

+25.2%

Fundamentals

VALUATION

Market cap

₹1,25,308 Cr

P/E (TTM)

10.9

P/E (fwd)

9.5

next 12m

P/B

1.57

EV/EBITDA

—

Book value

₹593.25

per share

PROFITABILITY · QUALITY

ROE

15.8%

ROCE

—

Net margin

31.7%

Op margin

47.5%

Gross margin

0.0%

D/E

—

GROWTH · MARKET

Rev YoY

+22.4%

Profit YoY

+35.4%

Div yield

1.73%

Payout

19.0%

52w change

+62.7%

Beta

0.42

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Trading at -41.2% vs sector median P/EP/E 10.9 vs Financial Services median 18.5 — relative value on earnings
+Forward P/E materially below trailing (9.5x vs 10.9x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Strong operating margin (47.5%)Meaningful pricing power or cost discipline — above most Indian companies
+Revenue growing at +22.4% YoYGrowth-category territory — implies market-share gains or market expansion
+Profit growing fast (+35.4% YoY)Operating leverage kicking in — bottom line out-growing top line

CONS · 1

−Up +62.7% over the last yearLarge run-up — some froth may be priced in; check if fundamentals have caught up

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

10.88

Sector median

18.51

Rank 14/58 (78th %ile)

ROE

This stock

15.8%

Sector median

13.6%

Rank 43/58 (28th %ile)

P/B

This stock

1.57

Sector median

2.13

Rank 19/58 (69th %ile)

Quality score · Piotroski F-score

6 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
—Operating margin expanded YoY· Pricing power or cost discipline
✗

Analyst consensus

12 analysts · BUY

Target mean

₹998.08

Target high

₹1090.00

Target low

₹860.00

Upside vs today

+7.3%

Street consensus target is +7.3% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Banks - Regional

Employees

40,071

Shares out

134.7

Revenue (TTM)

₹34,127 Cr

Total debt

₹48,964 Cr

Cash

₹59,559 Cr

Net debt

₹-10,595 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	8,818	8,822	9,326	8,982	9,692
Interest	9,154	9,345	9,467	9,924	10,203
PBT	3,674	3,721	337	3,335	4,199
Tax %	25.4%	22.7%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	24,136	28,072	31,893	35,223
Interest	22,129	24,717	32,341	36,826
Depreciation	601	532	531	543
PBT	3,994	5,330	8,129	10,995
Tax %

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
INDIANBTHIS Indian Bank	₹939.45	+62.7%	1,25,308	10.9	1.57	15.8%	—	+22.4%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
SBIN State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
ICICIBANK ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
BAJAJFINSV Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	22.95	22.73	-1.0%
-2q	21.60	22.41	+3.7%
-3q	19.75	22.07	+11.7%
-4q	20.90	21.95	+5.0%

Date	Amount
2025-06-10	₹16.25
2024-06-07	₹12.00
2023-06-12	₹8.60
2022-06-14	₹6.50
2021-07-08	₹2.00
2018-06-21	₹6.00
2017-06-02	₹6.00
2016-06-23	₹1.50

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	1,245	1,245	1,347	1,347
Reserves	1,072	1,366	1,918	2,284
Borrowings	17,218	22,092	23,143	33,374
Total liabilities	6,74,096	7,13,334	7,95,709	8,77,039
Fixed assets	7,699	7,481	7,540	8,857
CWIP	6	10	17	31
Investments	1,75,490	1,87,955	2,14,276	2,26,992
Total assets	6,74,096	7,13,334	7,95,709	8,77,039

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	28,750	-27,894	-8,617	17,396
CF Investing	-305	-314	-618	-348
CF Financing	18	-1,543	1,195	-4,264
Net cash flow	28,464	-29,751	-8,040	12,784
Free cash flow	28,427	-28,228	-9,244	16,856

Metric	2025-FY	2024-FY	2023-FY	2022-FY
Net margin %	32.0%	26.4%	19.8%	17.2%
ROE %	326.6%	286.5%	226.1%	178.7%
ROCE %	150.8%	158.4%	135.8%	133.7%
Debt / Equity	9.19	7.09	8.46	7.43
Interest coverage	1.3×	1.3×	1.2×	1.2×
Revenue growth YoY	+10.4%	+13.6%	+16.3%	—
Profit growth YoY	+33.8%	+51.1%	+34.5%	—

INDIANBIndian Bank

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Financial Services