Bandhan Bank Ltd. (BANDHANBNK) AI Stock Analysis

• Market Cap: ₹265.00B
• Dividend Yield: 0.92%
• Average Volume (3M): 229.97K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 1.50
• Revenue Growth: 12.68%
• EPS Growth: -20.15%
• Country: IN
• Employees: 75,000
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.30
• Shares Outstanding: 1,610,971,400
• 10 Day Avg. Volume: 224,434
• 30 Day Avg. Volume: 229,971
• PEG Ratio: 0.38
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 2.45
• P/FCF Ratio: -1.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹193.00
• Price Target Upside: 18.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 55 Neutral
• Price Target: ₹165.00 ▲(1.01% Upside)

Bandhan Bank's overall stock score reflects a challenging financial performance with significant revenue decline and negative cash flows. The technical indicators suggest a bearish trend, though valuation metrics indicate the stock is reasonably priced. Improving cash flow generation and addressing revenue challenges are critical for future performance.

Bandhan Bank Ltd. Business Overview & Revenue Model

Company Description

Bandhan Bank Limited provides commercial banking services in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. The company accepts fixed and recurring deposits; and offers savings, current, and corporate salary accounts. It also provides home, gold, personal, two-wheeler, and car loans; loans against property and term deposits; and loans for small, medium, and large businesses. In addition, the company invests in sovereign securities; offers liability products, card services, internet and mobile banking, ATM, trading, and NRI services; and distributes third party products. Further, it provides mutual fund, money transfer, bill payment and recharge, debit and credit card, safe deposit locker, remittance, and transaction banking services, as well as health, life, home, travel, and car insurance products. As of March 31, 2022, the company operated 1,189 branches, 4,450 banking units, and 471 ATMs. Bandhan Bank Limited was incorporated in 2014 and is headquartered in Kolkata, India.

How the Company Makes Money

Bandhan Bank generates revenue primarily through interest income from loans and advances provided to customers. The bank's revenue model is centered around lending activities, including personal loans, business loans, and microfinance, which are offered at competitive interest rates. Additionally, the bank earns fee-based income through various services such as account maintenance fees, transaction fees, and charges for advisory services. The bank also benefits from the interest spread between the interest earned on loans and the interest paid on customer deposits. Strategic partnerships with fintech companies and other financial institutions further enhance its product offerings and customer reach, contributing significantly to its overall earnings.

Bandhan Bank Ltd. Financial Statement Overview

Summary

Bandhan Bank faces a mixed financial outlook. While profitability metrics remain strong, significant revenue decline and negative cash flows pose challenges. The balance sheet is relatively stable with moderate leverage, but improving cash flow generation is crucial for future growth and stability.

Income Statement

Bandhan Bank's income statement shows a significant revenue decline of 55.33% in the latest year, indicating potential challenges in maintaining growth. However, the bank maintains a strong net profit margin of 27.97%, reflecting effective cost management. The EBIT and EBITDA margins are also healthy, suggesting operational efficiency despite revenue pressures.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.45, indicating a conservative leverage approach. The return on equity is reasonable at 11.16%, showing decent profitability relative to shareholder equity. The equity ratio of 12.85% suggests a stable financial position, though there is room for improvement in asset utilization.

Cash Flow

The cash flow statement highlights significant challenges, with negative operating and free cash flows in the latest year. The free cash flow to net income ratio is slightly above 1, indicating some ability to convert income into cash, but the negative growth in free cash flow is concerning. The operating cash flow to net income ratio is negative, pointing to potential liquidity issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	250.53B	98.14B	80.80B	183.67B	166.93B	95.84B
Gross Profit	122.70B	98.14B	80.80B	75.30B	115.36B	57.66B
EBITDA	22.99B	39.02B	31.80B	30.36B	2.39B	30.52B
Net Income	20.54B	27.45B	22.30B	21.95B	1.26B	22.05B
Balance Sheet
Total Assets	0.00	1.91T	1.78T	1.56T	1.39T	1.15T
Cash, Cash Equivalents and Short-Term Investments	0.00	95.69B	22.21B	21.43B	55.49B	61.93B
Total Debt	0.00	111.38B	389.73B	443.95B	365.77B	287.72B
Total Liabilities	-246.05B	1.67T	1.56T	1.36T	1.21T	975.85B
Stockholders Equity	246.05B	246.05B	216.10B	195.84B	173.81B	174.08B
Cash Flow
Free Cash Flow	0.00	-135.46B	60.37B	-46.57B	6.90B	-11.67B
Operating Cash Flow	0.00	-132.58B	65.95B	-42.45B	9.02B	-9.45B
Investing Cash Flow	0.00	-38.79B	16.91B	-16.18B	-6.12B	-18.04B
Financing Cash Flow	0.00	105.36B	185.59B	165.25B	211.61B	214.79B

Bandhan Bank Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 163.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANDHANBNK, the sentiment is Positive. The current price of 163.35 is above the 20-day moving average (MA) of 163.19, below the 50-day MA of 165.30, and above the 200-day MA of 160.38, indicating a neutral trend. The MACD of -0.72 indicates Negative momentum. The RSI at 51.10 is Neutral, neither overbought nor oversold. The STOCH value of 81.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BANDHANBNK.

Bandhan Bank Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UCOBANK	75 Outperform	₹390.48B	15.10	―	1.27%	17.33%	45.79%
CENTRALBK	74 Outperform	₹340.88B	7.75	―	0.54%	9.94%	35.44%
KARURVYSYA	74 Outperform	₹211.20B	10.53	―	0.97%	14.84%	17.40%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CUB	62 Neutral	₹162.77B	13.97	―	0.93%	14.10%	10.60%
PSB	60 Neutral	₹211.87B	18.56	―	0.24%	20.55%	74.68%
BANDHANBNK	55 Neutral	₹265.00B	12.90	―	0.92%	12.68%	-20.15%