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Last Updated: April 2, 2026, 3:48 am
Author: Getaka|Social: XLinkedIn

Jammu & Kashmir Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹106.58Fairly Valued by 6.51%vs CMP ₹114.00

P/E (5.9) × ROE (15.8%) × BV (₹141.00) × DY (1.88%)

₹193.51Undervalued by 69.75%vs CMP ₹114.00
MoS: +41.1% (Strong)Confidence: 56/100 (Moderate)Models: 6 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹138.2427%Under (+21.3%)
Graham NumberEarnings₹248.4119%Under (+117.9%)
Earnings PowerEarnings₹130.2013%Under (+14.2%)
DCFCash Flow₹476.3413%Under (+317.8%)
Net Asset ValueAssets₹135.329%Under (+18.7%)
EV/EBITDAEnterprise₹15.2211%Over (-86.6%)
Earnings YieldEarnings₹194.509%Under (+70.6%)
Consensus (7 models)₹193.51100%Undervalued
Key Drivers: EPS CAGR 29.7% lifts DCF — verify sustainability. | Wide model spread (₹15–₹476) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.7%

*Investments are subject to market risks

Investment Snapshot

59
Jammu & Kashmir Bank Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 6.2% WeakROE 15.8% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.50% (6mo) Slight increaseDII holding down 0.85% MF sellingPromoter holding at 59.4% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +0% YoY Positive
Industry Rank75/100 · Strong
P/E 5.9 vs industry 15.0 Cheaper than peersROCE 6.2% vs industry 6.8% AverageROE 15.8% vs industry 11.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Jammu & Kashmir Bank Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 5.9 vs Ind 15.0 | ROCE 6.2% | ROE 15.8% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.00x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹2,082 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.29 pp | DII +0.08 pp | Prom 0.00 pp
Business Momentum
+21
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +17.4% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %+69.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.29 ppLatest FII% minus previous FII%
DII Change+0.08 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-7,759Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+17.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:48 am

Market Cap 12,583 Cr.
Current Price 114
Intrinsic Value₹193.51
High / Low 128/82.0
Stock P/E5.87
Book Value 141
Dividend Yield1.88 %
ROCE6.15 %
ROE15.8 %
Face Value 1.00
PEG Ratio0.20

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

View Share Price Target for Jammu & Kashmir Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jammu & Kashmir Bank Ltd 12,583 Cr. 114 128/82.05.87 1411.88 %6.15 %15.8 % 1.00
Ujjivan Small Finance Bank Ltd 10,417 Cr. 53.6 68.0/32.921.1 32.10.00 %8.53 %12.4 % 10.0
South Indian Bank Ltd 9,517 Cr. 36.4 46.8/22.16.85 42.11.10 %6.50 %13.8 % 1.00
Karnataka Bank Ltd 8,705 Cr. 230 239/1637.54 3332.17 %6.33 %11.1 % 10.0
City Union Bank Ltd 17,809 Cr. 240 324/14714.2 1340.83 %6.86 %12.6 % 1.00
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of Jammu & Kashmir Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue2,4412,5122,6572,7642,8812,9102,9943,1243,2103,2133,2693,2933,315
Interest 1,1831,2621,3741,4301,6001,6041,6251,6871,6971,7321,8031,8581,824
Expenses 9847931,0629829067059549809961,0781,061958965
Financing Profit274457221352375602415456516404406477525
Financing Margin %11%18%8%13%13%21%14%15%16%13%12%14%16%
Other Income 244168230193186229198301242406253157282
Depreciation 0000000000000
Profit before tax 518625452545561830614757758810659635807
Tax % 40%24%28%30%25%23%32%27%30%28%26%22%27%
Net Profit 307473331384423633418553529582485495581
EPS in Rs 3.194.583.213.723.845.753.805.024.805.284.404.495.28
Gross NPA %
Net NPA %

Last Updated: February 3, 2026, 9:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:11 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue6,7677,0616,8446,6866,6217,6768,4468,1118,0139,35511,21312,54113,091
Interest 4,0824,4094,1324,1733,7504,2914,7394,3404,1014,6096,0086,7417,216
Expenses 1,2502,3362,4664,4313,1543,4395,2343,8023,7743,5673,4373,8404,062
Financing Profit1,435316245-1,919-283-55-1,527-301371,1781,7681,9601,813
Financing Margin %21%4%4%-29%-4%-1%-18%-0%2%13%16%16%14%
Other Income 3935995094975018175097017537658381,1471,098
Depreciation 78956485971041261341441582181680
Profit before tax 1,750820689-1,507121659-1,1445377471,7862,3882,9392,911
Tax % 33%38%40%8%-68%30%3%19%32%33%26%29%
Net Profit 1,181508414-1,633203464-1,1834284951,1811,7712,0822,143
EPS in Rs 24.3610.498.54-31.323.648.33-16.596.015.3011.4416.0818.9119.45
Dividend Payout % 21%20%20%0%0%0%0%0%0%4%13%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-56.99%-18.50%-494.44%112.43%128.57%-354.96%136.18%15.65%138.59%49.96%17.56%
Change in YoY Net Profit Growth (%)0.00%38.48%-475.94%606.88%16.14%-483.53%491.14%-120.52%122.93%-88.63%-32.40%

Jammu & Kashmir Bank Ltd 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:6%
5 Years:8%
3 Years:16%
TTM:11%
Compounded Profit Growth
10 Years:15%
5 Years:30%
3 Years:61%
TTM:16%
Stock Price CAGR
10 Years:1%
5 Years:42%
3 Years:46%
1 Year:-8%
Return on Equity
10 Years:5%
5 Years:13%
3 Years:15%
Last Year:16%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: February 1, 2026, 2:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 484848525656717193103110110110
Reserves 5,6746,0606,3725,6216,1026,5666,2746,7317,9849,79312,08314,09814,826
Deposits69,92866,33669,37972,45980,00589,63797,786108,047114,703122,027134,765148,552152,017
Borrowing1,1651,7402,2401,2761,6282,6242,0202,0152,3712,8922,8852,3832,382
Other Liabilities 1,7971,7262,2142,6041,8942,5222,6783,4085,42511,0974,6624,2805,291
Total Liabilities 78,61375,91080,25482,01289,684101,405108,829120,273130,576145,913154,505169,424174,627
Fixed Assets 5086557061,4791,5981,6462,0361,9711,9082,2242,2082,1262,187
CWIP 2734596417293541464750660
Investments 26,18522,74020,33421,27118,86023,14022,99030,77433,78534,78034,90041,12244,209
Other Assets 51,89352,48159,15659,19869,21076,58983,76887,48694,837108,860117,347126,110128,231
Total Assets 78,61375,91080,25482,01289,684101,405108,829120,273130,576145,913154,505169,424174,627

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -683118-2192,4572,363-2,9924,374-14-1,568-407-8532,723
Cash from Investing Activity + -169-261-136-861-164-165-115-76-85-124-257-102
Cash from Financing Activity + -338-338-176593668769-339-199941638407-1,034
Net Cash Flow -1,189-480-5312,1892,867-2,3883,920-289-712107-7021,587
Free Cash Flow -839-131-3551,5962,199-3,1564,259-90-1,653-531-1,0382,621
CFO/OP -1%10%4%112%73%-70%140%2%-31%1%-5%40%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-68.00-64.00-67.00-68.00-77.00-86.00-92.00-105.00-111.00-119.00-131.00-145.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 22%9%7%-27%3%7%-18%7%7%13%16%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.41%63.41%63.41%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%
FIIs 2.24%2.19%2.61%5.80%6.99%7.16%6.47%7.07%7.64%8.01%7.85%8.14%
DIIs 2.66%2.43%4.92%7.81%7.90%6.74%6.41%6.82%6.69%5.87%5.76%5.84%
Public 31.69%31.96%29.06%26.98%25.71%26.70%27.72%26.70%26.26%26.72%26.98%26.62%
No. of Shareholders 1,72,0741,72,1711,88,6092,04,1932,15,2942,54,6452,78,0502,82,7432,80,1872,65,9682,61,9782,54,219

Shareholding Pattern Chart

No. of Shareholders

Jammu & Kashmir Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Multicap Fund 29,360,140 1.49 356.411,409,0152025-11-03 03:37:58157.34%
ITI ELSS Tax Saver Fund 342,359 0.99 4.16417,2332026-03-12 04:51:53-17.95%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value1.001.001.001.001.00
Basic EPS (Rs.) 18.9116.8412.255.966.01
Diluted EPS (Rs.) 18.9116.8412.255.966.01
Cash EPS (Rs.) 20.4718.0513.156.957.89
Book Value[Excl.RevalReserv]/Share (Rs.) 117.7699.1983.5175.3981.69
Book Value[Incl.RevalReserv]/Share (Rs.) 129.01110.7195.9385.5795.32
Operating Revenue / Share (Rs.)113.87101.8290.6885.88113.67
Net Profit / Share (Rs.) 18.9416.0711.625.416.00
Net Profit After MI / Share (Rs.)18.9016.0811.445.306.00
Net Profit Margin (%) 16.6315.7812.816.295.28
Net Profit After MI And SOA Nargin (%)16.5915.7912.616.175.28
Operating Profit Margin (%)30.0329.2821.7410.729.53
Return On Assets (%) 1.221.140.800.370.35
Return On Equity / Networth (%)16.0516.2113.707.037.34
Net Interest Margin (X)3.423.363.252.993.13
Cost To Income (%)57.7562.2666.2476.5364.18
Interest Income / Total Assets (%)7.407.256.416.136.74
Non-Interest Income / Total Assets (%)0.670.540.520.600.60
Operating Profit / Total Assets (%)0.550.600.29-0.21-0.24
Operating Expenses / Total Assets (%)2.362.432.502.752.39
Interest Expenses / Total Assets (%)3.973.883.153.143.60
Enterprise Value (Rs.Cr.)153712.43145155.93122196.89118692.07108211.10
EV Per Net Sales (X)12.2612.9513.0614.8113.34
Price To Book Value (X)0.781.350.580.420.31
Price To Sales (X)0.811.320.540.370.22
Retention Ratios (%) 88.6286.6395.63100.00100.00
Earnings Yield (X)0.200.120.230.160.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jammu & Kashmir Bank Ltd. is a Public Limited Listed company incorporated on 01/10/1938 and has its registered office in the State of Jammu & Kashmir, India. Company's Corporate Identification Number(CIN) is L65110JK1938SGC000048 and registration number is 000048. 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. 12535.86 Cr. and Equity Capital is Rs. 110.13 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorCorporate Headquarters, Maulana Azad Road, Srinagar Jammu & Kashmir 190001Contact not found
Management
NamePosition Held
Mr. Amitava ChatterjeeManaging Director & CEO
Dr. Mandeep K BhandariNon Exe.Non Ind.Director
Dr. Pawan KotwalNon Exe.Non Ind.Director
Mr. Sudhir GuptaNon Ind.& Exe.Director
Mr. R K ChhibberNon Exe.Non Ind.Director
Mr. Sanjiv DayalNon Exe. & Nominee Director
Ms. Shahla AyoubInd. Non-Executive Director
Mr. Umesh Chandra PandeyInd. Non-Executive Director
Mr. Anand KumarInd. Non-Executive Director
Mr. Anil Kumar GoelInd. Non-Executive Director
Mr. S KrishnanInd. Non-Executive Director
Mr. Santosh D VaidyaNon Exe. & Nominee Director

FAQ

What is the intrinsic value of Jammu & Kashmir Bank Ltd and is it undervalued?

As of 05 April 2026, Jammu & Kashmir Bank Ltd's intrinsic value is ₹193.51, which is 69.75% higher than the current market price of ₹114.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (15.8 %), book value (₹141), dividend yield (1.88 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jammu & Kashmir Bank Ltd?

Jammu & Kashmir Bank Ltd is trading at ₹114.00 as of 05 April 2026, with a FY2026-2027 high of ₹128 and low of ₹82.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹12,583 Cr..

How does Jammu & Kashmir Bank Ltd's P/E ratio compare to its industry?

Jammu & Kashmir Bank Ltd has a P/E ratio of 5.87, which is below the industry average of 15.04. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Jammu & Kashmir Bank Ltd financially healthy?

Key indicators for Jammu & Kashmir Bank Ltd: ROCE of 6.15 % is on the lower side compared to the industry average of 6.84%; ROE of 15.8 % shows strong shareholder returns. Dividend yield is 1.88 %.

Is Jammu & Kashmir Bank Ltd profitable and how is the profit trend?

Jammu & Kashmir Bank Ltd reported a net profit of ₹2,082 Cr in Mar 2025 on revenue of ₹12,541 Cr. Compared to ₹495 Cr in Mar 2022, the net profit shows an improving trend.

Does Jammu & Kashmir Bank Ltd pay dividends?

Jammu & Kashmir Bank Ltd has a dividend yield of 1.88 % at the current price of ₹114.00. The company pays dividends, though the yield is modest.

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 Jammu & Kashmir 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
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