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Bandhan Bank Ltd.
(BANDHANBNK)
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Rating:54Neutral
Price Target:
₹185.00
▲(11.45% Upside)
Action:Reiterated
Date:07/23/26
The score is primarily driven by mid-range financial performance: improving balance-sheet leverage and periods of solid profitability are offset by notable earnings and cash-flow volatility. Technical conditions are currently weak with price below key moving averages and negative MACD, pressuring the overall score. Valuation appears roughly neutral, with a moderate P/E and a low dividend yield offering limited support.
Positive Factors
Improving leverage
Moderating debt relative to equity strengthens the bank’s financial flexibility and improves its capacity to absorb profitability pressure. A less leveraged balance sheet can also support continued lending and investment while reducing the strain associated with funding obligations.
Negative Factors
Recent revenue contraction
The shift from sustained revenue growth to a slight decline in 2026 signals weaker near-term business momentum. If this persists, slower income generation could limit operating leverage and make it harder for the bank to maintain the stronger growth trajectory established in earlier years.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Moderating debt relative to equity strengthens the bank’s financial flexibility and improves its capacity to absorb profitability pressure. A less leveraged balance sheet can also support continued lending and investment while reducing the strain associated with funding obligations.
Read all positive factors
Bandhan Bank Ltd. (BANDHANBNK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹264.55B
Dividend Yield0.92%
Average Volume (3M)490.17K
Price to Earnings (P/E)19.4
Beta (1Y)1.42
Revenue Growth-2.19%
EPS Growth-34.11%
CountryIN
Employees75,000
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)8.40
Shares Outstanding1,611,147,300
10 Day Avg. Volume616,740
30 Day Avg. Volume490,174
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.89
Price to Sales (P/S)0.93
P/FCF Ratio3.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹240.00Price Target Upside44.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)15.69
Revenue Forecast (FY)₹151.40B
Bandhan Bank Ltd. Business Overview & Revenue Model
Company Description
Bandhan Bank Limited provides banking and financial services for personal and business customers in India. The company operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. It accepts term, fi...
How the Company Makes Money
Bandhan Bank primarily makes money through interest income generated by lending activities and through fee-based income from banking services. Its core revenue stream is net interest income (NII): the bank raises funds via customer deposits and ot...
Bandhan Bank Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 244.56B | 244.23B | 249.15B | 210.37B | 183.67B | 166.93B |
| Gross Profit | 110.93B | 94.33B | 144.57B | 124.86B | 117.22B | 115.36B |
| EBITDA | 20.31B | 20.38B | 39.02B | 31.80B | 30.36B | 2.39B |
| Net Income | 13.53B | 12.24B | 27.45B | 22.30B | 21.95B | 1.26B |
Balance Sheet | ||||||
| Total Assets | 2.09T | 2.11T | 1.91T | 1.78T | 1.56T | 1.39T |
| Cash, Cash Equivalents and Short-Term Investments | 110.00B | 139.51B | 95.69B | 22.21B | 21.43B | 55.49B |
| Total Debt | 133.80B | 143.03B | 111.38B | 389.73B | 247.11B | 199.21B |
| Total Liabilities | 1.83T | 1.86T | 1.67T | 1.56T | 1.36T | 1.21T |
| Stockholders Equity | 261.70B | 255.75B | 246.05B | 216.10B | 195.84B | 173.81B |
Cash Flow | ||||||
| Free Cash Flow | -86.12B | 64.56B | -135.46B | 60.37B | -46.57B | 6.90B |
| Operating Cash Flow | -84.51B | 69.85B | -132.58B | 65.95B | -42.45B | 9.02B |
| Investing Cash Flow | 16.27B | -206.57B | -38.79B | 16.91B | -16.18B | -6.12B |
| Financing Cash Flow | 36.00B | 180.55B | 105.36B | 185.59B | 165.25B | 211.61B |
Bandhan Bank Ltd. Technical Analysis
Negative
166.00
Price Trends
172.92
Negative
186.52
Negative
174.84
Negative
Market Momentum
-1.02
Positive
37.84
Neutral
4.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANDHANBNK, the sentiment is Negative. The current price of 166 is below the 20-day moving average (MA) of 176.39, below the 50-day MA of 172.92, and below the 200-day MA of 174.84, indicating a bearish trend. The MACD of -1.02 indicates Positive momentum. The RSI at 37.84 is Neutral, neither overbought nor oversold. The STOCH value of 4.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BANDHANBNK.
Bandhan Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹127.48B | 13.91 | ― | 3.38% | 15.87% | 70.88% | |
63 Neutral | ₹774.62B | 26.00 | ― | 0.10% | 14.96% | 30.22% | |
63 Neutral | ₹52.91B | 13.86 | ― | ― | 17.48% | -12.60% | |
60 Neutral | ₹642.38B | 29.56 | ― | 0.24% | 3.62% | 46.01% | |
56 Neutral | ₹77.73B | 15.42 | ― | 1.27% | 9.24% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹264.55B | 19.40 | ― | 0.92% | -2.19% | -34.11% |
* General Sector Average
IN:BANDHANBNK
Bandhan Bank Ltd.
155.65
-6.30
-3.89%
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Bandhan Bank Ltd. Corporate Events
ICRA Reaffirms Bandhan Bank Ratings on Debentures and CDs
Sep 25, 2026
Bandhan Bank Ltd. has received a rating update from ICRA Limited on two of its key funding instruments, with non-convertible debentures of Rs 75 crore reaffirmed at [ICRA] AA- with a Stable outlook. Certificates of deposit amounting to Rs 3,000 cr...
Bandhan Bank to Brief Investors at UBS India Summit 2026
Sep 8, 2026
Bandhan Bank has informed the stock exchanges that it will participate in the UBS India Summit 2026 in Mumbai on September 11, 2026, engaging in an in-person group meeting with analysts and institutional investors. The bank has also made its Q1 FY...
Bandhan Bank Assigned ‘Adequate’ ESG Rating by SEBI-Registered Provider
Aug 31, 2026
Bandhan Bank Ltd. has received an Environmental, Social and Governance score of 58, classified as “Adequate,” from SEBI-registered ESG Risk Assessments and Insights Limited. The rating was assigned voluntarily based on publicly availab...
Bandhan Bank Sets August 24 AGM, Opens E-Voting Window for Shareholders
Jul 30, 2026
Bandhan Bank has scheduled its 12th Annual General Meeting for August 24, 2026, to be conducted via video conferencing and other audio-visual means, and has released its integrated annual report for the financial year 2025-26. The bank is enabling...
Bandhan Bank files SEBI-compliant demat certificate for June quarter
Jul 8, 2026
Bandhan Bank Ltd. has disclosed that details of its securities dematerialized during the quarter ended June 30, 2026 have been submitted to all stock exchanges where its shares are listed, in line with Regulation 74(5) of SEBI’s Depositories...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.