Bandhan Bank Ltd
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. [1][2]
- Market Cap ₹ 27,910 Cr.
- Current Price ₹ 173
- High / Low ₹ 215 / 128
- Stock P/E 13.6
- Book Value ₹ 153
- Dividend Yield 0.87 %
- ROCE 7.82 %
- ROE 11.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.13 times its book value
- Promoter holding has increased by 0.94% over last quarter.
- Company's working capital requirements have reduced from 128 days to 90.6 days
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.5% over last 3 years.
- Contingent liabilities of Rs.16,769 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Banks Private Sector Bank
Part of BSE 500 Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 4m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 1,581 | 3,909 | 4,802 | 6,643 | 10,885 | 12,524 | 13,871 | 15,905 | 18,870 | 21,948 | 21,888 | |
Interest | 0 | 649 | 1,505 | 1,770 | 2,148 | 4,562 | 4,961 | 5,157 | 6,645 | 8,551 | 10,458 | 10,612 |
6 | 633 | 1,044 | 1,597 | 2,467 | 3,739 | 6,534 | 11,298 | 8,693 | 9,310 | 10,555 | 11,681 | |
Financing Profit | -6 | 299 | 1,360 | 1,436 | 2,028 | 2,584 | 1,029 | -2,584 | 567 | 1,009 | 936 | -405 |
Financing Margin % | 19% | 35% | 30% | 31% | 24% | 8% | -19% | 4% | 5% | 4% | -2% | |
8 | 150 | 411 | 706 | 1,063 | 1,549 | 2,022 | 2,823 | 2,469 | 2,171 | 2,967 | 3,132 | |
Depreciation | 0 | 36 | 67 | 86 | 78 | 80 | 103 | 110 | 143 | 238 | 279 | 0 |
Profit before tax | 2 | 414 | 1,704 | 2,056 | 3,013 | 4,053 | 2,949 | 129 | 2,893 | 2,943 | 3,623 | 2,727 |
Tax % | 75% | 33% | 35% | 35% | 35% | 25% | 25% | 2% | 24% | 24% | 24% | |
1 | 275 | 1,112 | 1,346 | 1,952 | 3,024 | 2,205 | 126 | 2,195 | 2,230 | 2,745 | 2,054 | |
EPS in Rs | 0.01 | 2.51 | 10.15 | 11.28 | 16.36 | 18.78 | 13.69 | 0.78 | 13.62 | 13.84 | 17.04 | 12.75 |
Dividend Payout % | 0% | 0% | 0% | 9% | 18% | 0% | 7% | 0% | 11% | 11% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 17% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 133% |
5 Years: | -2% |
3 Years: | 177% |
TTM: | -20% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -10% |
3 Years: | -15% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 10% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 501 | 1,095 | 1,095 | 1,193 | 1,193 | 1,610 | 1,611 | 1,611 | 1,611 | 1,611 | 1,611 |
Reserves | 1 | 2,239 | 3,351 | 8,189 | 10,009 | 13,585 | 15,798 | 15,770 | 17,973 | 19,999 | 22,994 |
Deposits | 12,089 | 23,229 | 33,869 | 43,232 | 57,082 | 77,972 | 96,331 | 108,065 | 135,202 | 151,212 | |
Borrowing | 0 | 3,052 | 1,029 | 285 | 521 | 16,379 | 16,960 | 19,921 | 24,711 | 16,372 | 11,138 |
25 | 1,282 | 1,532 | 774 | 1,487 | 3,062 | 2,675 | 5,234 | 3,677 | 4,659 | 4,520 | |
Total Liabilities | 527 | 19,756 | 30,236 | 44,310 | 56,442 | 91,718 | 115,016 | 138,867 | 156,037 | 177,842 | 191,476 |
0 | 237 | 252 | 238 | 222 | 347 | 432 | 415 | 509 | 959 | 855 | |
CWIP | 108 | 0 | 0 | 0 | 109 | 22 | 55 | 173 | 346 | 214 | 325 |
Investments | 0 | 3,758 | 5,516 | 8,372 | 10,037 | 15,352 | 25,155 | 29,079 | 32,366 | 29,288 | 40,712 |
418 | 15,761 | 24,468 | 35,700 | 46,073 | 75,997 | 89,374 | 109,200 | 122,817 | 147,381 | 149,584 | |
Total Assets | 527 | 19,756 | 30,236 | 44,310 | 56,442 | 91,718 | 115,016 | 138,867 | 156,037 | 177,842 | 191,476 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
8,885 | -2,599 | 2,695 | 6,583 | -909 | 902 | -4,245 | 14,808 | 2,752 | |||
-2,671 | -2,237 | -2,373 | -4,187 | -1,804 | -612 | -1,618 | 1,691 | -3,879 | |||
-2,023 | 2,846 | 105 | 154 | 588 | 2,803 | 4,791 | -8,579 | -5,475 | |||
Net Cash Flow | 4,192 | -1,989 | 427 | 2,550 | -2,125 | 3,093 | -1,071 | 7,921 | -6,601 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 14% | 29% | 19% | 19% | 23% | 14% | 1% | 12% | 11% | 12% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of AGM 21h
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Update On Analysts / Institutional Investors Meet Held On August 13, 2025
13 Aug - Disclosure of Bandhan Bank's investor meet held on August 13, 2025, listing participating institutions.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Aug - Bandhan Bank to attend Emkay Confluence analysts meet on August 13, 2025, in Mumbai.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - Newspaper Advertisements (corrigendum) regarding date of dispatch of AGM Notice and Annual Return.
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Business Responsibility and Sustainability Reporting (BRSR)
30 Jul - Bandhan Bank announces 11th AGM on Aug 21, 2025, declares 15% dividend, director appointments, and e-voting details.
Annual reports
Concalls
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Jul 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jun 2024TranscriptNotesPPTREC
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Feb 2024TranscriptNotesPPT REC
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Oct 2023Transcript PPT
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Jan 2023TranscriptPPT
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Oct 2022TranscriptPPT
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May 2022Transcript PPT
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Oct 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Jul 2020TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019Transcript PPT
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Jan 2019Transcript PPT
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Oct 2018TranscriptPPT
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Jul 2018TranscriptPPT
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Apr 2018TranscriptNotesPPT
History[1]
The Co. was first set up as Bandhan Financial Services Pvt. Ltd (BFSL) in 2006. BFSL was the largest NBFC-MFI in India until 2014, after which the Co. received a banking license from the RBI. Bandhan Bank commenced its operations in 2015, BFSL's entire microfinance portfolio was transferred to the books of Bandhan Bank.