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Last Updated on: 20 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 541153 | NSE: BANDHANBNK

Bandhan Bank Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 19, 2024, 10:24 pm

Market Cap 26,278 Cr.
Current Price 163
High / Low 263/160
Stock P/E9.42
Book Value 134
Dividend Yield0.92 %
ROCE7.06 %
ROE10.8 %
Face Value 10.0
PEG Ratio-35.19

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bandhan Bank Ltd

Competitors of Bandhan Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Fino Payments Bank Ltd 2,670 Cr. 322 467/24928.6 77.30.00 %7.07 %14.4 % 10.0
Yes Bank Ltd 63,828 Cr. 20.4 32.8/19.035.6 14.60.00 %5.81 %3.11 % 2.00
Ujjivan Small Finance Bank Ltd 6,713 Cr. 34.7 61.8/32.05.77 28.74.32 %11.1 %26.7 % 10.0
South Indian Bank Ltd 6,598 Cr. 25.2 36.9/22.35.45 33.71.19 %6.19 %13.8 % 1.00
Karnataka Bank Ltd 8,044 Cr. 213 287/1926.00 2882.59 %6.24 %13.7 % 10.0
Industry Average158,553.95 Cr437.0914.97226.200.99%7.14%13.99%6.14

All Competitor Stocks of Bandhan Bank Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue3,3083,0013,4103,1813,4093,8724,0553,7733,8084,2684,5234,4924,665
Interest1,2361,2441,2961,2451,2841,3321,5411,5801,7271,7962,0322,0492,140
Expenses1,7892,4092,2356,4911,6899881,6662,3962,7332,0401,9162,0362,099
Financing Profit283-652-121-4,5564351,552848-203-653432575407426
Financing Margin %9%-22%-4%-143%13%40%21%-5%-17%10%13%9%9%
Other Income5627876175277099643304761,033629385540545
Depreciation0000000000000
Profit before tax845135496-4,0291,1442,5171,1782733811,061960947971
Tax %25%24%25%25%25%24%25%23%24%24%25%24%25%
Net Profit633103373-3,0098591,902886209291808721721733
EPS in Rs3.930.642.32-18.685.3311.815.501.301.805.024.484.484.55
Gross NPA %1.11%6.81%8.18%10.82%10.81%6.46%7.25%7.19%7.15%4.87%6.76%7.32%7.02%
Net NPA %0.26%3.51%3.29%3.04%3.01%1.66%1.92%1.86%1.86%1.17%2.18%2.32%2.21%

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue01,5813,9094,8026,64310,88512,52413,87215,90517,949
Interest06491,5051,7702,1484,5624,9615,1576,6458,017
Expenses66331,0441,5972,4673,7396,53411,2988,6938,091
Financing Profit-62991,3601,4362,0282,5841,029-2,5845671,840
Financing Margin %19%35%30%31%24%8%-19%4%10%
Other Income81504117061,0631,5492,0222,8222,4692,100
Depreciation036678678801031101430
Profit before tax24141,7042,0563,0134,0532,9491292,8933,940
Tax %75%33%35%35%35%25%25%2%24%
Net Profit12751,1121,3461,9523,0242,2051262,1952,983
EPS in Rs0.012.5110.1511.2816.3618.7813.690.7813.6218.53
Dividend Payout %0%0%0%9%18%0%7%0%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)27400.00%304.36%21.04%45.02%54.92%-27.08%-94.29%1642.06%
Change in YoY Net Profit Growth (%)0.00%-27095.64%-283.32%23.98%9.90%-82.00%-67.20%1736.35%

Bandhan Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2015-2016 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:15%
TTM:22%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:0%
TTM:10%
Stock Price CAGR
10 Years:%
5 Years:-21%
3 Years:-13%
1 Year:-32%
Return on Equity
10 Years:%
5 Years:11%
3 Years:8%
Last Year:11%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital5011,0951,0951,1931,1931,6101,6111,6111,6111,611
Reserves12,2393,3518,18910,00913,58515,79815,77017,97319,999
Borrowings015,14024,25834,15443,75373,46194,933116,252132,776151,574
Other Liabilities251,2821,5327741,4873,0622,6755,3623,6774,659
Total Liabilities52719,75630,23644,31056,44291,718115,016138,995156,037177,842
Fixed Assets0237252238222347432415509959
CWIP1080001092255173346214
Investments03,7585,5168,37210,03715,35225,15529,07932,36629,288
Other Assets41815,76124,46835,70046,07375,99789,374109,329122,817147,381
Total Assets52719,75630,23644,31056,44291,718115,016138,995156,037177,842

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +8,885-2,5992,6956,583-909902-4,24514,808
Cash from Investing Activity +-2,671-2,237-2,373-4,187-1,804-612-1,6181,691
Cash from Financing Activity +-2,0232,8461051545882,8034,791-8,579
Net Cash Flow4,192-1,9894272,550-2,1253,093-1,0717,921

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow6.00618.00-23.00-33.00-41.00-70.00-88.00-105.00-124.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %14%29%19%19%23%14%1%12%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters39.99%39.99%39.99%39.99%39.99%39.99%39.99%39.98%39.98%39.98%39.98%39.98%
FIIs34.60%34.31%35.64%34.20%32.39%31.93%33.53%32.78%34.75%31.20%28.25%26.73%
DIIs1.94%4.56%7.13%12.50%12.46%13.24%12.40%17.45%14.79%12.42%15.06%16.33%
Government0.00%0.00%0.00%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public23.47%21.14%17.25%13.25%15.09%14.77%14.02%9.73%10.42%16.32%16.63%16.89%
No. of Shareholders5,43,0124,58,1634,31,9204,66,3875,27,5035,28,8764,87,8555,32,1575,50,1387,24,1537,58,7157,49,315

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Frontline Equity Fund11,002,6420.97251.966,762,5002024-12-1762.7%
SBI Arbitrage Opportunities Fund7,587,5000.65173.756,762,5002024-12-1712.2%
Invesco India Arbitrage Fund7,155,0001.28163.856,762,5002024-12-175.8%
Kotak Equity Arbitrage Fund - Regular Plan7,060,0000.45161.676,762,5002024-12-174.4%
Nippon India Arbitrage Fund6,920,0001.21158.476,762,5002024-12-172.33%
Aditya Birla Sun Life Arbitrage Fund6,762,5001.58154.866,762,5002024-12-170%
ICICI Prudential Equity - Arbitrage Fund6,082,5000.85139.296,762,5002024-12-17-10.06%
Tata Arbitrage Fund6,047,5001.44138.496,762,5002024-12-17-10.57%
Edelweiss Arbitrage Fund4,570,0001.29104.656,762,5002024-12-17-32.42%
DSP Dynamic Asset Allocation Fund4,567,5003.28104.66,762,5002024-12-17-32.46%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.8413.620.7813.7018.78
Diluted EPS (Rs.)13.8413.620.7813.6918.76
Cash EPS (Rs.)15.3114.511.4614.3319.28
Book Value[Excl.RevalReserv]/Share (Rs.)134.14121.58107.91108.0894.37
Book Value[Incl.RevalReserv]/Share (Rs.)134.14121.58107.91108.0894.37
Dividend / Share (Rs.)1.500.000.001.000.00
Operating Revenue / Share (Rs.)117.1398.7386.1177.7667.60
Net Profit / Share (Rs.)13.8413.620.7813.6918.78
Interest Income / Employee (Rs.)2491104.482281813.952303751.842532958.192738488.89
Net Profit / Employee (Rs.)294339.48314860.1220892.20446042.45760688.69
Business / Employee (Rs.)33840995.0830533712.3231606440.6532275275.7131122377.67
Interest Income / Branch (Rs.)110997754.12112719345.15116662070.65109191035.54106930189.94
Net Profit / Branches (Rs.)13115074.7115553777.461057981.5019228046.1429702726.45
Business / Branches (Rs.)1507875114.711508335092.841600551217.831391326074.731215240188.87
Net Profit Margin (%)11.8113.790.9017.6027.77
Operating Profit Margin (%)0.34-1.72-19.440.7613.54
Return On Assets (%)1.251.400.091.913.29
Return On Equity / Networth (%)10.3111.200.7212.6619.89
Net Interest Margin (X)5.805.946.276.576.89
Cost To Income (%)46.8439.5330.5429.1230.82
Interest Income / Total Assets (%)10.6110.219.9810.8911.86
Non-Interest Income / Total Assets (%)1.211.582.031.831.68
Operating Profit / Total Assets (%)0.03-0.17-1.940.081.60
Operating Expenses / Total Assets (%)3.282.972.532.442.64
Interest Expenses / Total Assets (%)4.804.263.714.314.97
Enterprise Value (Rs.Cr.)165194.39156977.62160824.22144256.2499908.47
EV Per Net Sales (X)8.759.8711.5911.529.18
Price To Book Value (X)1.341.612.853.132.16
Price To Sales (X)1.541.983.574.363.01
Retention Ratios (%)89.16100.00-28.04100.00100.00
Earnings Yield (X)0.070.060.000.040.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bandhan Bank Ltd as of December 20, 2024 is: 137.58

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 20, 2024, Bandhan Bank Ltd is Overvalued by 15.60% compared to the current share price 163.00

Intrinsic Value of Bandhan Bank Ltd as of December 20, 2024 is: 137.21

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 20, 2024, Bandhan Bank Ltd is Overvalued by 15.82% compared to the current share price 163.00

Last 5 Year EPS CAGR: -0.27%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bandhan Bank Ltd:
    1. Net Profit Margin: 11.81%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0% (Industry Average ROCE: 7.14%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 13.99%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 9.42 (Industry average Stock P/E: 14.97)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Bandhan Bank Ltd. is a Public Limited Listed company incorporated on 23/12/2014 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L67190WB2014PLC204622 and registration number is 204622. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 13871.12 Cr. and Equity Capital is Rs. 1610.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorDN 32, Sector V, Salt Lake City, Kolkata West Bengal 700091investors@bandhanbank.com
https://www.bandhanbank.com
Management
NamePosition Held
Dr. Anup Kumar SinhaNon Exe.Ind.Chairman
Mr. Ratan Kumar KeshManaging Director & CEO
Mr. Rajinder Kumar BabbarExecutive Director & Chief Business Officer
Mr. Divya KrishnanNon Exe.Non Ind.Director
Mr. Pankaj SoodNon Exe.Non Ind.Director
Mr. Subrata Dutta GuptaIndependent Director
Mr. Philip MathewIndependent Director
Dr. Allamraju Subramanyu RamasastriIndependent Director
Mr. Narayan Vasudeo PrabhutendulkarIndependent Director
Mr. Vijay Nautamlal BhattIndependent Director
Mr. Santanu MukherjeeIndependent Director
Dr. Aparajita MitraIndependent Director
Mr. Suhail ChanderIndependent Director
Mr. Arun Kumar SinghAddnl. & Nominee Director

FAQ

What is the latest intrinsic value of Bandhan Bank Ltd?

The latest intrinsic value of Bandhan Bank Ltd as on 19 December 2024 is ₹137.58, which is 15.60% lower than the current market price of ₹163.00. The stock has a market capitalization of 26,278 Cr. and recorded a high/low of 263/160 during the current fiscal year 2024-2025. As of Mar 2024, the company has reserves of ₹19,999 Cr and total liabilities of ₹177,842 Cr.

What is the Market Cap of Bandhan Bank Ltd?

The Market Cap of Bandhan Bank Ltd is 26,278 Cr..

What is the current Stock Price of Bandhan Bank Ltd as on 19 December 2024?

The current stock price of Bandhan Bank Ltd as on 19 December 2024 is 163.

What is the High / Low of Bandhan Bank Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Bandhan Bank Ltd stocks is 263/160.

What is the Stock P/E of Bandhan Bank Ltd?

The Stock P/E of Bandhan Bank Ltd is 9.42.

What is the Book Value of Bandhan Bank Ltd?

The Book Value of Bandhan Bank Ltd is 134.

What is the Dividend Yield of Bandhan Bank Ltd?

The Dividend Yield of Bandhan Bank Ltd is 0.92 %.

What is the ROCE of Bandhan Bank Ltd?

The ROCE of Bandhan Bank Ltd is 7.06 %.

What is the ROE of Bandhan Bank Ltd?

The ROE of Bandhan Bank Ltd is 10.8 %.

What is the Face Value of Bandhan Bank Ltd?

The Face Value of Bandhan Bank Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bandhan Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE