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 ₹ 28,287 Cr.
- Current Price ₹ 176
- High / Low ₹ 222 / 128
- Stock P/E 10.3
- Book Value ₹ 151
- Dividend Yield 0.85 %
- ROCE 7.83 %
- ROE 11.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.16 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.6% over last 3 years.
- Contingent liabilities of Rs.9,214 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | 1,581 | 3,909 | 4,802 | 6,643 | 10,885 | 12,524 | 13,872 | 15,905 | 18,870 | 21,948 | |
Interest | 0 | 649 | 1,505 | 1,770 | 2,148 | 4,562 | 4,961 | 5,157 | 6,645 | 8,544 | 10,458 |
6 | 633 | 1,044 | 1,597 | 2,467 | 3,739 | 6,534 | 11,298 | 8,693 | 9,310 | 10,834 | |
Financing Profit | -6 | 299 | 1,360 | 1,436 | 2,028 | 2,584 | 1,029 | -2,584 | 567 | 1,016 | 657 |
Financing Margin % | 19% | 35% | 30% | 31% | 24% | 8% | -19% | 4% | 5% | 3% | |
8 | 150 | 411 | 706 | 1,063 | 1,549 | 2,022 | 2,822 | 2,469 | 2,165 | 2,967 | |
Depreciation | 0 | 36 | 67 | 86 | 78 | 80 | 103 | 110 | 143 | 238 | 0 |
Profit before tax | 2 | 414 | 1,704 | 2,056 | 3,013 | 4,053 | 2,949 | 129 | 2,893 | 2,943 | 3,623 |
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 | |
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 |
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: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 133% |
5 Years: | -2% |
3 Years: | 177% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -14% |
3 Years: | -14% |
1 Year: | -9% |
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 | 22,748 |
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 | 5,362 | 3,677 | 4,659 | 4,766 | |
Total Liabilities | 527 | 19,756 | 30,236 | 44,310 | 56,442 | 91,718 | 115,016 | 138,995 | 156,037 | 177,842 | 191,476 |
0 | 237 | 252 | 238 | 222 | 347 | 432 | 415 | 509 | 959 | 1,180 | |
CWIP | 108 | 0 | 0 | 0 | 109 | 22 | 55 | 173 | 346 | 214 | 0 |
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 | 109,329 | 122,817 | 147,381 | 149,584 | |
Total Assets | 527 | 19,756 | 30,236 | 44,310 | 56,442 | 91,718 | 115,016 | 138,995 | 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
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter Ended June 30, 2025.
2d - Board meeting on July 18 to approve Q1 June 2025 unaudited results; trading window closed till 48 hours post-declaration.
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Unaudited Financial Figures For The Quarter Ended June 30, 2025
3 Jul - Bandhan Bank Q1 2025: Loans ₹1.26L Cr, Deposits ₹1.33L Cr, CASA 33.37%, LCR 178.28%, strong collection efficiency.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Jul - Certificate As per Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
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Announcement under Regulation 30 (LODR)-Change in Directorate
30 Jun - Independent Director Dr. A S Ramasastri resigns from Bandhan Bank effective June 30, 2025.
- The Record Date For The Purpose Of Dividend Has Been Fixed As Thursday, August 14, 2025. 27 Jun
Annual reports
Concalls
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May 2025Transcript PPT REC
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Oct 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.