Analyst Rating
based on 11 analysts
72.73%
Buy
27.27%
Hold
0.00%
Sell
Based on 11 analysts offering long term price targets for Indian Bank. An average target of ₹634.27
Source: S&P Global Market Intelligence
Indian Bank Share analysis
Indian Bank price forecast by 11 analysts
Upside of22.03%
High
₹700
Target
₹634.27
Low
₹514
Indian Bank target price ₹634.27, a slight upside of 22.03% compared to current price of ₹505.05. According to 11 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Indian Bank revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
Indian Bank EPS growth forecast
EPS estimate Q1, FY2026:28.36%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹504.15₹522.6552 Week's Low
52 Week's High
₹390.9₹632.7
| Returns % | |
| 1 Month Return | -5.5 % |
| 3 Month Return | -3.76 % |
| 1 Year Return | + 26.11 % |
| Market Stats | |
| Previous Close | ₹519.75 |
| Open | ₹519.00 |
| Volume | 30.49L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹70,008.45Cr |
Key Statistics
| P/E Ratio | 7.4 |
| PEG Ratio | 0.35 |
| Market Cap | ₹70,008.45 Cr |
| P/B Ratio | 1.34 |
| EPS | 60.35 |
| Dividend Yield | 2.3 |
| Sector | Banks |
| ROE | 17.1 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹70,008.45 Cr | 45.34% | NA | ₹8,419 Cr | ₹64,231 Cr | |
| BUY | ₹95,731.65 Cr | 33.86% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹51,117.35 Cr | 14.57% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹94,755.95 Cr | 23.71% | NA | ₹13,797 Cr | ₹1,18,188 Cr | |
| HOLD | ₹1,18,952.00 Cr | 14.32% | NA | ₹9,107 Cr | ₹1,23,222 Cr |
Company Information
Indian Bank offers a wide range of banking and financial services to its customers, including retail banking, corporate banking, NRI banking, international banking, MSME banking, agricultural banking, and government banking. Its major lines of business include deposits, loans, cards, digital banking, investments, and insurance.
The bank's top products include savings accounts, current accounts, fixed deposits, loans, credit cards, debit cards, and prepaid cards. It also offers a range of digital banking services, such as internet banking, mobile banking, and UPI payments. Indian Bank is also known for its popular brands, such as Indian Bank Platinum Credit Card, Indian Bank Signature Debit Card, and Indian Bank UPI.
Share Price: ₹505.05 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹70,008.45Cr as of today
Revenue: ₹17,117.76Cr as on June 2024 (Q2 24)
Net Profit: ₹2,570.40Cr as on June 2024 (Q2 24)
Listing date: 01 Mar, 2007
| Organisation | Indian Bank |
| Headquarters | Chennai |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for Indian Bank
Indian Bank Posts Strong Q1 Results - 29 Jul, 2024
State-run Indian Bank reports a 41% rise in Q1 net profit to Rs 2,403 crore, driven by a dip in bad loans. Total income rose 15%, while gross NPA ratio fell to 3.77%. The bank's operating profit improved by 9% YoY and provisions for bad loans declined. Return on Assets (RoA) was up by 25 basis points to 1.20 per cent from 0.95 per cent.
Indian Bank Shares Rise by 2.06% to ₹579.35 - 26 Jul, 2024
On July 26 at 11:58 AM IST, Indian Bank's stock increased by ₹11.70, closing at ₹579.35, marking a 2.06% gain for the day.
Indian Banks Show Stellar Performance Despite Challenges - 22 Jul, 2024
The Indian banking sector has shown double-digit growth in bank credit, gross and net non-performing assets at multi-year lows, and improvement in bank asset quality despite challenges such as slower deposit growth and increasing retail participation in stock markets.
Indian Banks and NBFCs Experience Minor Disruptions Due to Global IT Outage - 19 Jul, 2024
The Reserve Bank of India has clarified that ten Indian banks and non-bank financing companies experienced minor disruptions due to the global IT outage on Friday, but all have been resolved or are being resolved. The RBI stated that the Indian financial sector remains insulated from the global outage.
Indian Bank Stock Rises for Fifth Straight Session - 15 Jul, 2024
Indian Bank stock rose 2.68% to Rs 573.7 on the NSE, adding around 6.23% in the last month. The PE of the stock is 9.33 based on TTM earnings ending March 24.
Indian Bank Stock Rises for Third Straight Session - 11 Jul, 2024
Indian Bank stock rose by 1.35% to Rs 550.35 on the NSE, while the benchmark NIFTY is down around 0.09%. The bank has risen around 2.24% in the last month and has a PE of 9.06 based on TTM earnings ending March 24.
Indian Bank Reports Strong Q1FY25 Results - 08 Jul, 2024
Indian Bank has reported a strong Q1FY25 performance, with a 10.9% YoY increase in total business to Rs 12.21 lakh crore, driven by growth in deposits and gross advances.
Indian Bank Reports Growth in Total Business - 07 Jul, 2024
Indian Bank has reported a YoY growth of 10.9% in total business, with deposits up 9.5% and gross advances up 12.7%. The bank also owes Rs 3,278 crore to 14 banks, including SBI, Union Bank, and Punjab National Bank.
RBI Report Warns of Climate Change Risk; Indian Bank Extends FD Deadline - 05 Jul, 2024
The Reserve Bank of India's latest report warns of climate change as the biggest contributor to systemic risk in the Indian financial system. Meanwhile, Indian Bank has extended its deadline for special fixed deposits offering higher interest rates.
Indian Banks Struggle with Education Loan Defaults - 01 Jul, 2024
Education loans have become a paradox for Indian banks, as they contribute the highest portion of bad loans in the personal loan segment. Despite going the extra mile to lend to students, banks are struggling to get their money back.
Insights on Indian Bank
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 10 quarters, 11.55K Cr → 17.11K Cr (in ₹), with an average increase of 4.3% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 11.71% to 11.81% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, INDIANB has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 5.29% to 5.38% in Jun 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 8 quarters, 1.28K Cr → 2.57K Cr (in ₹), with an average increase of 9.3% per quarter
NO EFFECTAgainst Peers
In the last 1 year, State Bank of India has given 29.6% return, outperforming this stock by 3.5%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 73.84% of holdings in Jun 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 1 month, INDIANB stock has moved down by -5.5%
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 3.92% to 3.90% in Jun 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 73.84% | 0.00 | |
| Foreign Institutions | 5.38% | 1.80 | |
| Mutual Funds | 11.81% | 0.88 | |
| Retail Investors | 3.9% | ||
| Others | 5.07% |
Key Indicators
Indian Bank Valuation
Indian Bank in the last 5 years
Lowest (2.26x)
March 30, 2020
Today (7.40x)
September 17, 2024
Industry (15.76x)
September 17, 2024
Highest (36.28x)
June 3, 2019
Earnings and Dividends
Indian Bank Earnings Results
Indian Bank’s net profit jumped 38.96% since last year same period to ₹2,570.40Cr in the Q1 2024-2025. On a quarterly growth basis, Indian Bank has generated 11.97% jump in its net profits since last 3-months.
Read More about Earnings ResultsIndian Bank Dividends May,2024
In the quarter ending March 2024, Indian Bank has declared dividend of ₹12 - translating a dividend yield of 3.96%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Indian Bank is currently in a Bearish trading position according to technical analysis indicators.
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Indian Bank (INDIANB) share price today is ₹505.05
Indian Bank is listed on NSE
Indian Bank is listed on BSE
- Today’s highest price of Indian Bank is ₹522.65.
- Today’s lowest price of Indian Bank is ₹504.15.
PE Ratio of Indian Bank is 7.4
PE ratio = Indian Bank Market price per share / Indian Bank Earnings per share
Today’s traded volume of Indian Bank(INDIANB) is 30.49L.
Today’s market capitalisation of Indian Bank(INDIANB) is ₹70008.45Cr.
| Indian Bank(INDIANB | Price |
|---|---|
52 Week High | ₹632.7 |
52 Week Low | ₹390.9 |
Indian Bank(INDIANB) share price is ₹505.05. It is down -20.18% from its 52 Week High price of ₹632.7
Indian Bank(INDIANB) share price is ₹505.05. It is up 29.20% from its 52 Week Low price of ₹390.9
| Indian Bank(INDIANB | Returns |
|---|---|
1 Day Returns | -14.7% |
1 Month Returns | -5.5% |
3 Month Returns | -3.76% |
1 Year Returns | 26.11% |