Indian Bank (INDIANB) · mywealthgrid

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About

Indian Bank is a public sector bank operating in the Indian banking sector. With quarterly revenue of ₹17,000–18,000 crore and market cap of ₹1,20,549.77 crore, it is a major player in the PSU banking space. At 69.4% operating margin, the bank demonstrates lean cost discipline relative to its interest income base.

Founded: 1907
Face value: ₹10

Market cap

₹1,06,837 Cr

P/E

8.2×

P/B

1.3×

Dividend yield

2.3%

ROE

15.8%

ROCE

6.3%

Debt / equity

0.58

OPM

69.4%

EPS (TTM)

₹96.7

Book value

₹594.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compressed 177 basis points from 70.2% (Sep 2025) to 68.5% (Jun 2026), indicating rising pressures on spread or costs—verify sustainability and drivers.
Public shareholding of only 2.97% with FII at 6.16% creates thin float and may constrain capital-raising flexibility or institutional participation.
D/E ratio of 0.58 requires validation in banking context; verify if appropriate leverage for growth or constraining loan origination capacity.
PE of 9.25 against ROE of 15.77% suggests valuation discount—verify if rooted in earnings-quality concerns or structural market positioning.

Generated analysis · source review pending

Growth drivers

Revenue expanding 8.8% over nine months (₹16,629 Sep 2025 → ₹18,095 Jun 2026); verify drivers: loan growth, deposit expansion, or NIM improvement.
Net profit growth of 8.2% alongside revenue (₹3,063 → ₹3,315 crore average) indicates cost control; verify if credit costs and asset-quality trends are stable.
EPS growth from ₹23 to ₹24.6 over nine months—verify if from organic earnings, capital optimization, or share reduction.
Operating margin of 69.36% provides strong leverage if revenue growth accelerates; verify if loan-book fundamentals or NIM are sustaining momentum.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹793.2-0.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 69.4%
+Profit CAGR of 29.5% over the last 5 years
+High promoter holding of 73.8% with no pledge

Cons

−Weak interest coverage of 1.4×

Research score

Structured signal from quality, growth, valuation and momentum.

73/100

Business quality: 44
Growth: 76
Valuation: 99

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Union Bank Of IndiaUNIONBANKUNIONBANK	₹1,27,932 Cr	₹2,05,729 Cr	₹1,07,587 Cr	₹73,406 Cr	68.7%	₹21,275 Cr	18.2%	6.3%	16.2%	—
Punjab National BankPNBPNB	₹1,25,928 Cr	₹2,33,486 Cr	₹1,31,789 Cr	₹98,411 Cr	74.7%	₹23,619 Cr	14.1%	6.1%	14%	—
Bank Of BarodaBANKBARODABANKBARODA	₹1,19,366 Cr	₹2,89,663 Cr	₹1,36,546 Cr	₹87,324 Cr	64.3%	₹18,478 Cr	14.5%	5.6%	12.5%	—
Canara BankCANBKCANBK	₹1,07,361 Cr	₹2,62,648 Cr	₹1,27,805 Cr	₹91,291 Cr	69.7%	₹20,708 Cr	15.6%	6.5%	16.7%	—
Indian BankINDIANBINDIANB	₹1,06,837 Cr	₹1,53,644 Cr	₹69,314 Cr	₹46,956 Cr	69.4%	₹13,030 Cr	17.3%	6.3%	15.8%	—
Bank Of MaharashtraMAHABANKMAHABANK	₹61,917 Cr	₹97,151 Cr	₹30,262 Cr	₹20,806 Cr	68.1%	₹7,624 Cr	24%	6%	22.6%	—
Bank Of IndiaBANKINDIABANKINDIA	₹58,948 Cr	₹1,77,574 Cr	₹77,244 Cr	₹55,814 Cr	72.3%	₹12,098 Cr	13.6%	5.9%	12.3%	—
Indian Overseas BankIOBIOB	₹58,502 Cr	₹1,10,104 Cr	₹33,290 Cr	₹20,072 Cr	64.5%	₹6,159 Cr	17%	6.1%	16.3%	—
Uco BankUCOBANKUCOBANK	₹28,753 Cr	₹57,441 Cr	₹25,067 Cr	₹14,864 Cr	59.3%	₹2,491 Cr	9.9%	5.8%	8.6%	—
Central Bank Of IndiaCENTRALBKCENTRALBK	₹27,154 Cr	₹59,008 Cr	₹37,270 Cr	₹23,376 Cr	62.2%	₹4,584 Cr	12.5%	5.6%	12%	—
Punjab & Sind BankPSBPSB	₹14,872 Cr	₹31,225 Cr	₹12,284 Cr	₹8,574 Cr	69.5%	₹1,384 Cr	11%	5.9%	9.6%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	21,401	39,108	38,862	44,985	55,650	62,039	67,504
Interest	13,798	23,439	22,129	24,717	32,341	36,826	40,539
Expenses	9,551	19,284	20,275	21,550	20,316	19,794	20,684
Financing profit	-1,947	-3,615	-3,543	-1,282	2,993	5,419	6,282
Financing margin %	-9.1%	-9.2%	-9.1%	-2.9%	5.4%	8.7%	9.3%
Other income	3,326	6,540	7,407	7,805	8,582	10,011	10,829
Depreciation	—	—	601	532	531	543	609
Profit before tax	1,482	3,060	3,413	6,233	11,337	15,157	15,981
Tax	620	-90	-731	659	2,915	3,893	4,275
Tax %	41.8%	-3%	-21.4%	10.6%	25.7%	25.7%	26.8%
PAT	862	3,151	4,144	5,574	8,423	11,264	11,707
EPS (₹)	16.4	27.9	34	44.7	66	83.6	86.9
EPS adjusted (₹)	15.9	29.1	34.5	46.7	64.7	85.6	88.7
	0%	7.2%	19.1%	19.2%	18.2%	19.4%	21%
Gross NPA %	6.9%	9.9%	8.5%	6%	4%	3.1%	2%
Net NPA %	3.1%	3.4%	2.3%	0.9%	0.4%	0.2%	0.2%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	480	609	1,129	1,245	1,245	1,347	1,347	1,347
Reserves	2	19,235	38,329	43,706	48,261	58,901	70,166	78,696
Deposits	2,42,041	2,60,184	5,38,030	5,93,571	6,21,123	6,87,953	7,37,098	8,27,654
Borrowings	12,138	20,830	26,203	17,153	22,092	23,143	41,552	46,807
Other liabilities	25,728	9,282	24,423	18,421	20,612	24,365	26,875	37,049
Total equity & liabilities	2,80,388	3,10,141	6,28,114	6,74,096	7,13,334	7,95,709	8,77,039	9,91,553
Fixed assets	10	3,965	7,393	7,699	7,481	7,540	8,857	8,677
Investments	65,272	81,871	1,78,292	1,76,502	1,88,366	2,15,242	2,28,421	2,47,682
	2,15,107	2,24,305	4,42,429	4,89,896	5,17,487	5,72,927	6,39,760	7,35,194
Total assets	2,80,388	3,10,141	6,28,114	6,74,096	7,13,334	7,95,709	8,77,039	9,91,553

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17,065	28,750	-27,894	-8,617	17,396	18,815
	-545	-305	-314	-618	-348	-428
	23,643	18	-1,543	1,195	-4,264	-7,649
Net cash flow	40,163	28,464	-29,751	-8,040	12,784	10,738
Free cash flow	16,504	28,427	-28,228	-9,244	17,396	18,361
CFO / Operating profit %	86.1%	154.7%	-119%	-24.4%	41.2%	40.2%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
RETAIL BANKING	32,213.67	6,758.35	3,83,509.48	3,53,117.91	30,391.57	22.24
CORPORATE / WHOLESALE BANKING	25,027.09	5,503.98

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	4%	8.1%	10.7%	12.4%	15.1%	18.2%	17.3%
Return ratios
Return on assets %	0.3%	0.5%	0.6%	0.8%	1.1%	1.3%	1.2%
Return on capital employed %	5%	5.8%	4%	4.6%	5.9%	6.4%	6.3%
Return on equity %	4.3%	8%	9.2%	11.3%	14%	15.8%	14.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Margin, working-capital and leverage ratios are omitted: a bank funds itself with deposits and books interest as its cost of revenue, so they would measure something other than what they name.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	79.86%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%
	4.33%	5.89%	5.29%	5.38%	4.99%	4.78%	4.74%	4.55%	4.68%	5.64%	5.82%	6.16%
	11.76%	15.84%	16.95%	16.88%	17.35%	17.64%	17.77%	18.05%	18.62%	17.82%	17.75%	17.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	4.05%	4.43%	3.92%	3.9%	3.82%	3.74%	3.65%	3.56%	2.86%	2.7%	2.59%	2.97%
No. of shareholders	—	—	—	—	—	—	—	—	3,16,207	3,25,219	3,19,897	3,18,231

Promoter holding down 6.02 percentage points since Sep 2023.

33 deals · 19 Sept 2022 – 10 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Mar 2026	BNP PARIBAS FINANCIAL MARKETS	Block	BSE	Sell	6,80,931	₹925.00	₹62.99 Cr
10 Mar 2026	SOCIETE GENERALE	Block	BSE	Buy	6,80,931	₹925.00	₹62.99 Cr
4 Feb 2026	SOCIETE GENERALE	Block	BSE	Sell	6,18,000	₹873.00	₹53.95 Cr
4 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Block	BSE	Buy	6,18,000	₹873.00	₹53.95 Cr
25 Jan 2024	SOCIETE GENERALE	Block	NSE	Sell	8,35,674	₹441.60	₹36.90 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	5,66,519	₹441.60	₹25.02 Cr
25 Jan 2024	MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND	Block	NSE	Buy	5,57,745	₹441.60	₹24.63 Cr
25 Jan 2024	MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND	Block	BSE	Buy	5,57,081	₹441.60	₹24.60 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	3,20,388	₹441.60	₹14.15 Cr
25 Jan 2024	SOCIETE GENERALE	Block	BSE	Buy	3,20,388	₹441.60	₹14.15 Cr

1–10 of 33

1 / 4

Mr. Binod KumarExecutive Director-Chairperson-CEO-MD
Mr. Ashutosh ChoudhuryExecutive Director
Mr. Shiv Bajrang SinghExecutive Director
Mrs. Mini T MExecutive Director
Mr. Samir KumarNon-Executive - Nominee Director
Mrs. K NikhilaNon-Executive - Nominee Director
Mr. Sanjeev MaheshwariNon-Executive - Independent Director
Mr. Bhupinder Singh BhallaNon-Executive - Independent Director
Mr. Sunil JainChief Financial Officer
Dina Nath KumarCompany Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹805.9 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹809.9	+4	+0.5%	₹809.9	9,557	+301	1,407	1000
23 Nov 2026	₹813.6	+3.6	+0.5%	₹813.5	118	+14	41	1000
29 Dec 2026	₹820.0	+12.9	+1.6%	₹818.6	1	+1	1	1000

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

103

across 17 fund houses

Held by these funds

4.64%

of the company's equity

All mutual funds

13.52%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

103 schemes · 17 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	1.85 Cr	1,666.15	2.34%	1.376%	—
Growth Mid Cap FundNEW	Nippon India Mutual Fund	65.08 L	584.9	1.12%	0.483%	—
Portfolio of Kotak Large & Mid Cap FundNEW	Kotak Mahindra Mutual Fund	60 L	539.25	1.67%	0.445%	—
ETF NIFTY PSU BANK BEES	Nippon India Mutual Fund	38.94 L	349.99	8.66%	0.289%	-75,717
Flexicap FundNEW	SBI Mutual Fund	32 L	287.6	1.24%	0.238%	—
PSU Fund	SBI Mutual Fund	28.27 L	254.1	3.79%	0.21%	-0
Portfolio of Kotak Nifty PSU Bank ETF	Kotak Mahindra Mutual Fund	26.17 L	235.16	8.66%	0.194%	+2.04 L
Midcap Fund	Axis Mutual Fund	21.18 L	190.33	0.54%	0.157%	-4.98 L

1–8 of 103

1 / 13

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

2 Sept 2026, 6:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	4%	8.1%	10.7%	12.4%	15.1%	18.2%	17.3%
Return ratios
Return on assets %	0.3%	0.5%	0.6%	0.8%	1.1%	1.3%	1.2%
Return on capital employed %	5%	5.8%	4%	4.6%	5.9%	6.4%	6.3%
Return on equity %	4.3%	8%	9.2%	11.3%	14%	15.8%	14.6%

33

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	680	₹0.0	0	0	0
0	0	0	₹0.0	700	₹2.3	50	+5	124
0	0	0	₹0.0	710	₹0.0	0	0	0
0	0	0	₹0.0	720	₹3.5	83	+35	214
0	0	0	₹0.0	730	₹0.0	0	0	0
0	0	0	₹0.0	740	₹5.7	29	+9	26
0	0	0	₹0.0	750	₹7.3	72	+26	58
0	0	0	₹0.0	760	₹9.1	56	+16	90

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
2 Sept 2026, 6:55 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 8:16 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015: Imposition Of Monetary Penalty On The Bank By Reserve Bank Of India On Bank'S Currency Chest- Satna	PDF
1 Sept 2026, 3:23 pm	Corp. Action Interest Rates Updates	Announcement under Regulation 30 (LODR)-Interest Rates Updates	PDF
20 Aug 2026, 7:51 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
19 Aug 2026, 7:40 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
19 Aug 2026, 12:29 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
17 Aug 2026, 7:46 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
3 Aug 2026, 6:49 pm	Company Update General	Record Date For Payment Of Yearly Interest On Bank'S Outstanding Long Term Infrastructure Bonds (LTB) Series I (ISIN- INE562A08099) And Series II (ISIN- INE562A08107)	PDF

Indian Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

20

1

33

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

CAPITAL RESERVES AND SURPLUS · revenue

Indian Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends20

Board meetings1

Option chain33

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

CAPITAL RESERVES AND SURPLUS · revenue

3

3

20

1

33