Indian Bank: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Indian Bank and is it undervalued?

Indian Bank: the stored intrinsic value estimate is ₹901.11, compared with a stored share price of ₹830.00. The model value is 8.6% above that quote. The model classifies this as fairly valued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

Fair Value

₹685.58Overvalued by 17.40%vs CMP ₹830.00

P/E (8.7) × ROE (15.4%) × BV (₹623.00) × DY (2.20%)

₹901.28Fairly Valued by 8.59%vs CMP ₹830.00

MoS: +7.9% (Thin)Confidence: 37/100 (Low)Models: 2 Under, 2 Fair, 3 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹828.02	27%	Fair (-0.2%)
Graham Number	Earnings	₹1,094.57	19%	Under (+31.9%)
Earnings Power	Earnings	₹521.03	13%	Over (-37.2%)
DCF	Cash Flow	₹2,097.40	13%	Under (+152.7%)
Net Asset Value	Assets	₹594.25	9%	Over (-28.4%)
EV/EBITDA	Enterprise	₹40.31	11%	Over (-95.1%)
Earnings Yield	Earnings	₹854.70	9%	Fair (+3%)
Consensus (7 models)		₹901.28	100%	Fairly Valued

Key Drivers: Wide model spread (₹40–₹2,097) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 20.8%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 4:43 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹62,039.00 Cr, versus ₹55,650.00 Cr in Mar 2024 (11.5% year on year). Net profit for Mar 2025 was ₹11,264.00 Cr, versus ₹8,423.00 Cr in Mar 2024 (33.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹17,396.00 Cr against net profit of ₹11,264.00 Cr. Cash flow covered 1.54 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years. For financial businesses, lending and investment movements can dominate operating cash flow; also examine asset quality, capital adequacy and the business mix.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Indian Bank scores 52/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health60/100 · Moderate

ROCE 6.3% WeakROE 15.4% GoodDebt/equity Not availableInterest Coverage Not availableProfitable 5/5 available years Reported history

Smart Money60/100 · Moderate

FII holding up 1.48% (6mo) AccumulatingDII holding down 1.59% MF sellingPromoter holding at 73.8% Stable

Earnings Quality35/100 · Weak

CFO/NP ratio: -0.76x Poor cash conversion

Quarterly Momentum58/100 · Moderate

Profit (4Q): +9% YoY Positive

Industry Rank50/100 · Moderate

P/E 8.7 vs industry 8.1 In-lineROCE 6.3% vs industry 6.0% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 25, 2026, 4:43 am

Market Cap	1,11,798 Cr.
Current Price	830
Intrinsic Value	₹901.11
High / Low	1,001/704
Stock P/E	8.74
Book Value	623
Dividend Yield	2.20 %
ROCE	6.32 %
ROE	15.4 %
Face Value	10.0
PEG Ratio	0.42

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Indian Bank

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Indian Bank	1,11,798 Cr.	830	1,001/704	8.74	623	2.20 %	6.32 %	15.4 %	10.0
Canara Bank	1,14,200 Cr.	126	163/117	5.75	136	3.34 %	6.52 %	16.1 %	2.00
Bank of Baroda	1,21,165 Cr.	234	326/232	5.49	326	3.63 %	5.63 %	12.7 %	2.00
Punjab National Bank	1,34,605 Cr.	117	135/98.5	6.09	136	2.56 %	6.13 %	13.0 %	2.00
IDBI Bank Ltd	88,815 Cr.	82.6	118/61.0	9.53	63.8	2.54 %	5.92 %	14.1 %	10.0
Industry Average	143,984.69 Cr	221.20		8.11	192.43	2.49%	6.01%	14.03%	7.46

All Competitor Stocks of Indian Bank

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	11,836	12,255	13,050	13,764	14,203	14,633	15,041	15,369	15,770	15,860	16,285	16,628	17,102
Interest	6,335	6,736	7,346	8,003	8,383	8,609	8,861	9,154	9,345	9,467	9,924	10,040	10,203
Expenses	5,860	6,202	5,161	5,150	5,158	5,378	4,994	5,144	5,102	5,097	4,880	5,108	5,492
Financing Profit	-359	-683	543	611	661	646	1,186	1,072	1,323	1,295	1,481	1,480	1,407
Financing Margin %	-3%	-6%	4%	4%	5%	4%	8%	7%	8%	8%	9%	9%	8%
Other Income	1,926	2,161	1,871	2,166	2,113	2,432	2,077	2,602	2,397	2,935	1,854	2,643	2,793
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	1,567	1,477	2,415	2,777	2,774	3,078	3,263	3,674	3,721	4,230	3,335	4,123	4,199
Tax %	10%	1%	29%	28%	23%	27%	26%	25%	23%	30%	33%	26%	27%
Net Profit	1,455	1,520	1,850	2,069	2,207	2,296	2,571	2,801	2,910	2,982	2,277	3,109	3,148
EPS in Rs	11.68	12.20	14.85	16.61	16.37	17.04	19.08	20.79	21.60	22.14	16.90	23.07	23.36
Gross NPA %	6.53%	5.95%	5.47%	4.97%	4.47%	3.95%	3.77%	3.48%	3.26%	3.09%	3.01%	2.60%	2.23%
Net NPA %	1.00%	0.90%	0.70%	0.60%	0.53%	0.43%	0.39%	0.27%	0.21%	0.19%	0.18%	0.16%	0.15%

Last Updated: March 4, 2026, 9:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:16 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	15,249	15,853	16,244	16,039	17,115	19,182	21,401	39,108	38,888	44,985	55,650	62,039	65,875
Interest	10,887	11,390	11,795	10,891	10,851	12,167	13,798	23,439	22,129	24,717	32,341	36,826	39,634
Expenses	4,158	4,219	5,128	6,144	6,998	8,289	9,238	18,029	20,285	21,577	20,342	19,818	20,579
Financing Profit	204	245	-679	-996	-734	-1,273	-1,634	-2,360	-3,526	-1,309	2,967	5,395	5,663
Financing Margin %	1%	2%	-4%	-6%	-4%	-7%	-8%	-6%	-9%	-3%	5%	9%	9%
Other Income	1,378	1,372	1,789	2,222	2,417	1,891	3,326	6,111	7,380	7,804	8,582	10,011	10,224
Depreciation	105	139	151	166	237	259	314	637	601	532	531	543	0
Profit before tax	1,476	1,478	958	1,060	1,445	359	1,377	3,115	3,253	5,963	11,017	14,864	15,887
Tax %	21%	31%	25%	-33%	13%	11%	45%	3%	-23%	11%	26%	26%
Net Profit	1,189	1,051	752	1,455	1,311	381	862	3,151	4,144	5,574	8,423	11,264	11,515
EPS in Rs	25.58	21.84	15.64	30.25	27.29	7.91	14.15	27.88	33.26	44.74	62.51	83.61	85.47
Dividend Payout %	18%	19%	10%	20%	0%	0%	0%	7%	20%	19%	19%	19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-11.61%	-28.45%	93.48%	-9.90%	-70.94%	126.25%	265.55%	31.51%	34.51%	51.11%	33.73%
Change in YoY Net Profit Growth (%)	0.00%	-16.84%	121.93%	-103.38%	-61.04%	197.18%	139.30%	-234.03%	2.99%	16.60%	-17.38%

Indian Bank has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	15%
5 Years:	24%
3 Years:	17%
TTM:	10%

Compounded Profit Growth
10 Years:	27%
5 Years:	67%
3 Years:	40%
TTM:	26%

Stock Price CAGR
10 Years:	18%
5 Years:	60%
3 Years:	51%
1 Year:	21%

Return on Equity
10 Years:	11%
5 Years:	13%
3 Years:	15%
Last Year:	17%

Last Updated: September 5, 2025, 7:05 am

Balance Sheet

Last Updated: July 2, 2026, 4:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	480	480	480	480	480	609	1,129	1,245	1,245	1,347	1,347	1,347
Reserves	14,549	16,010	16,954	18,235	19,235	22,159	38,329	43,706	48,261	58,901	70,166	78,696
Deposits	169,204	178,259	182,480	208,262	242,041	260,184	538,030	593,571	621,123	687,953	737,098	827,654
Borrowing	2,646	3,509	12,637	19,760	12,138	20,830	24,763	17,218	22,092	23,143	41,552	46,807
Other Liabilities	6,156	5,683	5,957	6,244	6,494	6,359	23,285	18,356	20,612	24,365	26,875	37,049
Total Liabilities	193,036	203,941	218,507	252,981	280,388	310,141	625,535	674,096	713,334	795,709	877,039	991,553
Fixed Assets	2,969	3,508	3,436	3,421	3,964	3,898	7,392	7,694	7,472	7,538	8,854	8,674
CWIP	5	8	11	1	1	1	0	5	9	2	3	3
Investments	46,060	53,283	67,781	71,619	65,272	81,871	178,292	176,502	188,366	215,242	228,421	247,682
Other Assets	144,001	147,143	147,280	177,940	211,152	224,371	439,850	489,896	517,487	572,927	639,760	735,194
Total Assets	193,036	203,941	218,507	252,981	280,388	310,141	625,535	674,096	713,334	795,709	877,039	991,553

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	5,136	-931	-10,814	-3,676	6,270	-8,396	17,065	28,750	-27,894	-8,617	17,396	18,815
Cash from Investing Activity +	-236	-772	-179	-214	-176	-247	21,233	-305	-314	-618	-348	-428
Cash from Financing Activity +	-2,312	620	9,041	6,776	1,000	2,552	1,866	18	-1,543	1,195	-4,264	-7,649
Net Cash Flow	2,588	-1,082	-1,952	2,886	7,094	-6,091	40,163	28,464	-29,751	-8,040	12,784	10,738
Free Cash Flow	4,899	-1,702	-10,993	-3,890	6,021	-8,644	16,520	28,446	-28,208	-9,235	17,048	18,387
CFO/OP	44%	-8%	-109%	-36%	58%	-69%	81%	155%	-119%	-24%	41%	40%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	4,899.00	-1,702.00	-10,993.00	-3,890.00	6,021.00	-8,644.00	16,520.00	28,446.00	-28,208.00	-9,235.00	17,048.00	18,387.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
ROE %	9%	7%	5%	9%	7%	2%	4%	10%	10%	12%	15%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	79.86%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%	73.84%
FIIs	4.33%	5.89%	5.29%	5.38%	4.99%	4.78%	4.74%	4.54%	4.68%	5.64%	5.82%	6.16%
DIIs	11.76%	15.84%	16.95%	16.87%	17.35%	17.64%	17.78%	18.05%	18.62%	17.82%	17.75%	17.03%
Public	4.05%	4.44%	3.93%	3.90%	3.82%	3.75%	3.65%	3.56%	2.86%	2.71%	2.58%	2.98%
No. of Shareholders	3,06,649	3,12,770	3,08,165	3,21,712	3,25,449	3,19,705	3,17,481	3,31,904	3,16,207	3,25,219	3,19,897	3,18,231

Shareholding Pattern Chart

No. of Shareholders

Indian Bank: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid Cap Fund	36,854,482	3.64	3360.02	N/A	N/A	N/A
Kotak Midcap Fund	17,438,497	2.69	1589.87	16,988,497	2026-01-26 00:42:09	2.65%
HDFC Small Cap Fund	9,688,128	2.39	883.27	N/A	N/A	N/A
Nippon India Growth Mid Cap Fund	8,000,000	1.75	729.36	8,131,451	2025-12-15 00:49:43	-1.62%
Kotak Large & Midcap Fund	6,000,000	1.82	547.02	N/A	N/A	N/A
Axis Midcap Fund	4,792,805	1.41	436.96	4,861,920	2026-02-23 08:17:35	-1.42%
HSBC Value Fund	3,418,740	2.14	311.69	3,099,121	2026-02-23 08:17:35	10.31%
Edelweiss Mid Cap Fund	3,120,547	2.06	284.5	3,355,391	2026-02-23 08:17:35	-7%
Sundaram Mid Cap Fund	2,859,289	2.02	260.68	3,010,123	2026-02-23 08:17:35	-5.01%
SBI PSU Fund	2,427,235	3.7	221.29	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
Face Value	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	83.61	66.03	44.74	33.99	27.88
Diluted EPS (Rs.)	83.61	66.03	44.74	33.99	27.88
Cash EPS (Rs.)	85.66	64.30	47.07	36.70	32.31
Book Value[Excl.RevalReserv]/Share (Rs.)	530.92	402.93	348.47	311.06	298.42
Book Value[Incl.RevalReserv]/Share (Rs.)	530.92	447.29	397.50	360.93	349.38
Operating Revenue / Share (Rs.)	460.59	413.15	361.20	312.03	346.28
Net Profit / Share (Rs.)	81.63	60.35	42.80	31.88	26.70
Net Profit After MI / Share (Rs.)	83.61	62.51	44.74	33.07	27.88
Net Profit Margin (%)	17.72	14.60	11.84	10.21	7.71
Net Profit After MI And SOA Nargin (%)	18.15	15.12	12.38	10.59	8.05
Operating Profit Margin (%)	31.21	25.49	18.98	16.54	13.57
Return On Assets (%)	1.28	1.05	0.78	0.61	0.50
Return On Equity / Networth (%)	15.74	15.51	12.83	10.63	9.34
Net Interest Margin (X)	2.87	2.92	2.84	2.48	2.49
Cost To Income (%)	45.77	46.88	45.32	47.03	48.57
Interest Income / Total Assets (%)	7.07	6.99	6.30	5.76	6.22
Non-Interest Income / Total Assets (%)	1.14	1.07	1.09	1.09	1.04
Operating Profit / Total Assets (%)	0.11	-0.05	-0.34	-0.50	-0.56
Operating Expenses / Total Assets (%)	1.83	1.87	1.78	1.68	1.71
Interest Expenses / Total Assets (%)	4.19	4.06	3.46	3.28	3.73
Enterprise Value (Rs.Cr.)	819741.88	748522.66	646404.05	605824.14	549816.59
EV Per Net Sales (X)	13.21	13.45	14.37	15.59	14.06
Price To Book Value (X)	1.02	1.29	0.82	0.49	0.38
Price To Sales (X)	1.18	1.26	0.79	0.49	0.33
Retention Ratios (%)	80.56	80.80	80.77	80.34	92.82
Earnings Yield (X)	0.15	0.12	0.15	0.21	0.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Indian Bank and is it undervalued?

Indian Bank: the stored intrinsic value estimate is ₹901.28, compared with a stored share price of ₹830.00. The model value is 8.6% above that quote. The model classifies this as fairly valued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Indian Bank?

The stored share price is ₹830.00. Price-data record updated: 25 September 2026, 4:43 am +05:30. This is not a live quote. The stored 52-week high / low is 1,001/704; this is a rolling range, not a financial-year range.

How have Indian Bank's revenue and profit changed?

Does Indian Bank's profit convert into cash?

How should I compare Indian Bank's P/E with other stocks?

The stored P/E is 8.74. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Indian Bank's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.