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Indian Bank
(INDIANB)
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Rating:71Outperform
Price Target:
₹964.00
▲(16.03% Upside)
Action:Upgraded
Date:07/11/26
The score is driven primarily by strong financial performance (notably earnings growth and a solid balance sheet through 2025) and attractive valuation (low P/E with a moderate dividend). These positives are tempered by meaningful cash-flow volatility and mixed technical momentum signals (negative MACD despite supportive moving-average positioning).
Positive Factors
Sustained revenue & profit growth
Multi-year scaling of revenue and a roughly fourfold rise in net income indicate durable earnings power and successful franchise expansion. Consistent top-line growth and margin expansion create internal capital for lending, provisioning, and investment over the medium term.
Negative Factors
Multi-year cash-flow volatility
Irregular operating and free cash flows across multiple years signal volatile internal liquidity generation, complicating capital planning, provisioning and dividend predictability. Such swings can force reliance on external funding or curb credit growth during stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue & profit growth
Multi-year scaling of revenue and a roughly fourfold rise in net income indicate durable earnings power and successful franchise expansion. Consistent top-line growth and margin expansion create internal capital for lending, provisioning, and investment over the medium term.
Read all positive factors
Indian Bank (INDIANB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.15T
Dividend Yield2.12%
Average Volume (3M)79.21K
Price to Earnings (P/E)9.0
Beta (1Y)1.21
Revenue Growth8.92%
EPS Growth16.57%
CountryIN
Employees40,161
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)94.91
Shares Outstanding1,346,964,000
10 Day Avg. Volume55,106
30 Day Avg. Volume79,212
Financial Highlights & Ratios
PEG Ratio2.48
Price to Book (P/B)1.42
Price to Sales (P/S)1.45
P/FCF Ratio3.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,049.00Price Target Upside26.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)99.36
Revenue Forecast (FY)₹412.56B
Indian Bank Business Overview & Revenue Model
Company Description
Indian Bank is a comprehensive financial institution offering a broad spectrum of banking solutions. Its product portfolio encompasses diverse deposit options, including savings and current accounts, fixed-term deposits, and specialized accounts f...
How the Company Makes Money
Indian Bank primarily makes money through (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest received on assets—such as retail loans, MSME/corporate credit, agricultural lending, and...
Indian Bank Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
53
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 785.85B | 783.32B | 720.49B | 642.34B | 527.89B | 462.65B |
| Gross Profit | 351.36B | 342.53B | 352.23B | 318.93B | 280.72B | 241.36B |
| EBITDA | 171.01B | 163.44B | 115.38B | 86.60B | 58.63B | 45.95B |
| Net Income | 127.85B | 117.04B | 112.61B | 84.19B | 55.72B | 41.42B |
Balance Sheet | ||||||
| Total Assets | 10.11T | 9.92T | 8.77T | 7.96T | 7.13T | 6.74T |
| Cash, Cash Equivalents and Short-Term Investments | 599.76B | 657.00B | 549.61B | 421.77B | 502.17B | 799.68B |
| Total Debt | 482.53B | 468.07B | 415.52B | 231.43B | 220.92B | 172.18B |
| Total Liabilities | 9.27T | 9.11T | 8.05T | 7.35T | 6.64T | 6.29T |
| Stockholders Equity | 839.04B | 800.43B | 715.13B | 602.48B | 495.07B | 449.52B |
Cash Flow | ||||||
| Free Cash Flow | -343.80B | 332.63B | -322.89B | -92.44B | -282.28B | 284.27B |
| Operating Cash Flow | -341.66B | 337.17B | -317.49B | -86.17B | -278.94B | 287.50B |
| Investing Cash Flow | -1.99B | -1.06T | -3.48B | -6.18B | -3.14B | -3.05B |
| Financing Cash Flow | 375.90B | 833.67B | 448.82B | 11.95B | -15.43B | 184.30M |
Indian Bank Technical Analysis
Neutral
830.85
Price Trends
854.49
Positive
845.18
Positive
850.39
Positive
Market Momentum
1.05
Positive
45.45
Neutral
10.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIANB, the sentiment is Neutral. The current price of 830.85 is below the 20-day moving average (MA) of 877.04, below the 50-day MA of 854.49, and below the 200-day MA of 850.39, indicating a neutral trend. The MACD of 1.05 indicates Positive momentum. The RSI at 45.45 is Neutral, neither overbought nor oversold. The STOCH value of 10.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:INDIANB.
Indian Bank Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹1.33T | 6.09 | ― | 2.57% | 2.55% | 31.34% | |
71 Outperform | ₹1.15T | 9.02 | ― | 2.12% | 8.92% | 16.57% | |
71 Outperform | ₹1.21T | 6.76 | ― | 3.57% | 2.73% | -6.67% | |
70 Outperform | ₹1.40T | 6.62 | ― | 2.77% | -1.10% | 9.75% | |
69 Neutral | ₹640.56B | 5.45 | ― | 3.28% | 6.02% | 24.13% | |
67 Neutral | ₹1.13T | 5.69 | ― | 3.38% | -3.69% | 7.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:INDIANB
Indian Bank
860.00
178.26
26.15%
IN:BANKBARODA
Bank of Baroda
238.00
7.21
3.13%
IN:BANKINDIA
Bank of India
142.00
27.59
24.11%
IN:CANBK
Canara Bank
124.20
15.73
14.50%
IN:PNB
Punjab National Bank
116.85
12.14
11.60%
IN:UNIONBANK
Union Bank of India Limited
180.80
51.03
39.32%
Indian Bank Corporate Events
Indian Bank Posts Post-Earnings Concall Recording for Investors
Jul 10, 2026
Indian Bank has notified the stock exchanges that the audio and video recording of its recently held post-earnings conference call and meeting with investors and analysts has been uploaded to its website. The disclosure, made in line with SEBIR...
Indian Bank posts double-digit Q1 growth with stronger margins and asset quality
Jul 10, 2026
Indian Bank reported unaudited financial results for the first quarter of FY 2026-27, showing broad-based growth in business and profitability. Total business rose 13.66% year-on-year to ₹15.29 lakh crore, with gross advances up 13.89% to &#...
Indian Bank Details Proceedings of Twentieth AGM Held via Video Conferencing
Jul 8, 2026
Indian Bank has reported the conduct of its twentieth Annual General Meeting on June 17, 2026, held via video conferencing and other audio-visual means in line with regulatory guidelines. The meeting was chaired by Managing Director and CEO Shri B...
Indian Bank Schedules Post-Earnings Investor Call for Q1 FY 2026-27
Jul 6, 2026
Indian Bank, a Chennai-based public sector lender listed on NSE and BSE, operates in the banking and financial services sector with a comprehensive offering of retail and corporate banking products. It targets a wide spectrum of stakeholders, incl...
Indian Bank Reports Investor Meeting with GIC Re, Affirms Public-Domain Disclosures
Jun 16, 2026
Indian Bank disclosed that its representatives held a one-to-one interaction on 16 June 2026 with a representative of GIC Re, an institutional investor, in line with regulatory requirements for investor engagement. The bank emphasized that only in...
Indian Bank Schedules 20th AGM Via Virtual Platform for June 17, 2026
May 22, 2026
Indian Bank has notified stock exchanges that it will hold its 20th Annual General Meeting on 17 June 2026 at 11:00 a.m., in compliance with SEBI’s listing and disclosure regulations. The meeting will be conducted via video conferencing and ...
Indian Bank Board Reshuffle as Government Nominates New Director
May 13, 2026
Indian Bank has announced a change in its board, with the central government nominating Samir Kumar, Economic Advisor in the Ministry of Finance’s Department of Financial Services, as a director on the bank’s board with immediate effec...
Indian Bank Gets Government Nod to Extend Executive Director’s Tenure
Apr 25, 2026
Indian Bank has announced that the tenure of its Executive Director, Shri Ashutosh Choudhury, has been extended by the Central Government for an additional three years beyond his current term ending on 2 May 2026, or until further orders. The bank...
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.