Bandhan Bank Ltd

Bandhan Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bandhan Bank Ltd

₹ 170 -0.46%
13 Dec - close price
bandhanbank.com BSE: 541153 NSE: BANDHANBNK
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 27,343 Cr.
  • Current Price ₹ 170
  • High / Low ₹ 263 / 163
  • Stock P/E 9.81
  • Book Value ₹ 134
  • Dividend Yield 0.88 %
  • ROCE 7.06 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.06% over last 3 years.
  • Contingent liabilities of Rs.9,214 Cr.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 7.28% of profits over last 3 years

* 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

Sector: Banks Industry: Banks - Private Sector

Part of BSE 400 MidSmallCap Index BSE 150 MidCap Index Nifty Total Market Nifty Midcap 100 Nifty MidSmallcap 400

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 3,181 3,409 3,872 4,055 3,773 3,808 4,268 4,523 4,492 4,665 5,189 5,536 5,500
Interest 1,245 1,284 1,332 1,541 1,580 1,727 1,796 2,032 2,049 2,140 2,323 2,531 2,552
6,491 1,689 988 1,666 2,396 2,733 2,040 1,916 2,036 2,099 3,496 2,115 2,294
Financing Profit -4,556 435 1,552 848 -203 -653 432 575 407 426 -630 890 654
Financing Margin % -143% 13% 40% 21% -5% -17% 10% 13% 9% 9% -12% 16% 12%
527 709 964 330 476 1,033 629 385 540 545 694 528 595
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -4,029 1,144 2,517 1,178 273 381 1,061 960 947 971 64 1,418 1,249
Tax % -25% 25% 24% 25% 23% 24% 24% 25% 24% 25% 15% 25% 25%
-3,009 859 1,902 886 209 291 808 721 721 733 55 1,063 937
EPS in Rs -18.68 5.33 11.81 5.50 1.30 1.80 5.02 4.48 4.48 4.55 0.34 6.60 5.82
Gross NPA % 10.82% 10.81% 6.46% 7.25% 7.19% 7.15% 4.87% 6.76% 7.32% 7.02% 3.84% 4.23% 4.68%
Net NPA % 3.04% 3.01% 1.66% 1.92% 1.86% 1.86% 1.17% 2.18% 2.32% 2.21% 1.11% 1.15% 1.29%
Raw PDF

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 TTM
Revenue 0 1,581 3,909 4,802 6,643 10,885 12,524 13,872 15,905 18,870 20,890
Interest 0 649 1,505 1,770 2,148 4,562 4,961 5,157 6,645 8,544 9,545
6 633 1,044 1,597 2,467 3,739 6,534 11,298 8,693 9,310 10,004
Financing Profit -6 299 1,360 1,436 2,028 2,584 1,029 -2,584 567 1,016 1,341
Financing Margin % 19% 35% 30% 31% 24% 8% -19% 4% 5% 6%
8 150 411 706 1,063 1,549 2,022 2,822 2,469 2,165 2,362
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 3,702
Tax % 75% 33% 35% 35% 35% 25% 25% 2% 24% 24%
1 275 1,112 1,346 1,952 3,024 2,205 126 2,195 2,230 2,788
EPS in Rs 0.01 2.51 10.15 11.28 16.36 18.78 13.69 0.78 13.62 13.84 17.31
Dividend Payout % 0% 0% 0% 9% 18% 0% 7% 0% 11% 11%
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: -19%
3 Years: -15%
1 Year: -33%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 8%
Last Year: 11%

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
Equity Capital 501 1,095 1,095 1,193 1,193 1,610 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
0 15,140 24,258 34,154 43,753 73,461 94,933 116,252 132,776 151,574
25 1,282 1,532 774 1,487 3,062 2,675 5,362 3,677 4,659
Total Liabilities 527 19,756 30,236 44,310 56,442 91,718 115,016 138,995 156,037 177,842
0 237 252 238 222 347 432 415 509 959
CWIP 108 0 0 0 109 22 55 173 346 214
Investments 0 3,758 5,516 8,372 10,037 15,352 25,155 29,079 32,366 29,288
418 15,761 24,468 35,700 46,073 75,997 89,374 109,329 122,817 147,381
Total Assets 527 19,756 30,236 44,310 56,442 91,718 115,016 138,995 156,037 177,842

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
8,885 -2,599 2,695 6,583 -909 902 -4,245 14,808
-2,671 -2,237 -2,373 -4,187 -1,804 -612 -1,618 1,691
-2,023 2,846 105 154 588 2,803 4,791 -8,579
Net Cash Flow 4,192 -1,989 427 2,550 -2,125 3,093 -1,071 7,921

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
ROE % 14% 29% 19% 19% 23% 14% 1% 12% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
39.99% 39.99% 39.99% 39.99% 39.99% 39.99% 39.99% 39.98% 39.98% 39.98% 39.98% 39.98%
34.60% 34.31% 35.64% 34.20% 32.39% 31.93% 33.53% 32.78% 34.75% 31.20% 28.25% 26.73%
1.94% 4.56% 7.13% 12.50% 12.46% 13.24% 12.40% 17.45% 14.79% 12.42% 15.06% 16.33%
0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
23.47% 21.14% 17.25% 13.25% 15.09% 14.77% 14.02% 9.73% 10.42% 16.32% 16.63% 16.89%
No. of Shareholders 5,43,0124,58,1634,31,9204,66,3875,27,5035,28,8764,87,8555,32,1575,50,1387,24,1537,58,7157,49,315

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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