Arthneeti

Indian Bank Q2 FY27 Share Price & Earnings Call Analysis

₹864.10+2.89% today
Market cap
₹1.16L Cr
P/E
8.81
ROE
15.45%
PEG
0.31
Price to sales
1.63
Debt to equity
10.95
52W high / low
₹992 / ₹772
Sales growth (5Y)
11.54%
EBITDA margin
66.10%
Net profit margin
17.34%
Promoter holding
73.84%
Sales (last year)
₹71,835 Cr

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. [1]

Guidance scorecard · Q2 FY27 call

What Indian Bank's management guided
and where it ranks in Banks

Revenue10–20%MarginsFlatCapexWhat management saidFundraisingNone plannedOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • Indian Bank aims for balanced growth, avoiding aggressive or subdued expansion, targeting growth within 100-200 basis points of the industry average.
  • Advances growth guidance has been revised to 13-14% from the earlier 11-13%.
  • Deposit growth guidance has been revised upwards to 11-12% from 9-11%.
  • Corporate loan growth is expected at 10-12%, improving from earlier 1-2%, supported by capacity building and credit training.
  • Retail, agriculture, and MSME segments are seeing healthy growth (17-19% YoY).
  • CASA ratio is targeted around 40%, with ongoing initiatives yielding good results.

2 more points from Indian Bank's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Indian Bank said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

  • Capital adequacy ratio stands comfortably at 16.21%, expected to rise to around 17-17.5% by March-end due to profits being ploughed back.
  • No new capital raised this year; last year retired AT1 Bonds of Rs.2,000 crore and Tier 2 Bonds worth Rs.3,000 crore.
  • A Tier 2 Bonds tranche of Rs.1,000 crore maturing in January, with plans to raise Rs.1,000-2,000 crore of Tier 2 capital subject to market conditions.

2 more points from Indian Bank's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

None planned

See what Indian Bank said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • The corporate credit pipeline stands at Rs.63,000 crore.
  • Of this pipeline, Rs.30,000 crore has been sanctioned but is yet to be disbursed.
  • In-principle approval has been given for Rs.10,000 crore.
  • The remaining Rs.23,000 crore is under discussion or at a preliminary stage.
Full Q2 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. IDFC First BankGood growth
    3
See all potential multibaggersWhere does Indian Bank rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First Bank20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

Sign up free to see every company in the sector ranking and track Indian Bank.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Indian Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Indian Bank

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%73.84%
FIIs +5.89%5.29%5.38%4.99%4.78%4.74%4.54%4.68%5.64%5.82%6.16%6.87%
DIIs +15.84%16.95%16.87%17.35%17.64%17.78%18.05%18.62%17.82%17.75%17.03%16.77%
Public +4.44%3.93%3.90%3.82%3.75%3.65%3.56%2.86%2.71%2.58%2.98%2.54%
No. of Shareholders3,12,7703,08,1653,21,7123,25,4493,19,7053,17,4813,31,9043,16,2073,25,2193,19,8973,18,2313,11,089

Financials of Indian Bank

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +13,76414,20314,63315,04115,36915,77015,86016,28516,62817,10217,48818,09519,149
Interest8,0038,3838,6098,8619,1549,3459,4679,92410,04010,20310,37210,65711,389
Expenses +5,1505,1585,3784,9945,1445,1025,0974,8805,1085,4925,8115,9467,099
Financing Profit6116616461,1861,0721,3231,2951,4811,4801,4071,3051,492661
Financing Margin %4%5%4%8%7%8%8%9%9%8%7%8%3%
Other Income +2,1662,1132,4322,0772,6022,3972,9351,8542,6432,7932,7732,9024,187
Depreciation0000000000000
Profit before tax2,7772,7743,0783,2633,6743,7214,2303,3354,1234,1994,0784,3944,848
Tax %28%23%27%26%25%23%30%33%26%27%24%25%29%
Net Profit +2,0692,2072,2962,5712,8012,9102,9822,2773,1093,1483,1743,3573,541
EPS in Rs16.6116.3717.0419.0820.7921.6022.1416.9023.0723.3623.5624.9226.29
Gross NPA %4.97%4.47%3.95%3.77%3.48%3.26%3.09%3.01%2.60%2.23%1.98%1.86%1.61%
Net NPA %0.60%0.53%0.43%0.39%0.27%0.21%0.19%0.18%0.16%0.15%0.15%0.15%0.14%

Financials of Indian Bank

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +15,85316,24416,03917,11519,18221,40139,10838,88844,98555,65062,03967,50471,835
Interest11,39011,79510,89110,85112,16713,79823,43922,12924,71732,34136,82640,53942,620
Expenses +4,2195,1286,1446,9988,2899,23818,02920,28521,57720,34219,81820,71024,349
Financing Profit245-679-996-734-1,273-1,634-2,360-3,526-1,3092,9675,3956,2554,865
Financing Margin %2%-4%-6%-4%-7%-8%-6%-9%-3%5%9%9%7%
Other Income +1,3721,7892,2222,4171,8913,3266,1117,3807,8048,58210,01110,82912,655
Depreciation1391511662372593146376015325315436090
Profit before tax1,4789581,0601,4453591,3773,1153,2535,96311,01714,86416,47517,520
Tax %31%25%-33%13%11%45%3%-23%11%26%26%26%
Net Profit +1,0517521,4551,3113818623,1514,1445,5748,42311,26411,70713,220
EPS in Rs21.8415.6430.2527.297.9114.1527.8833.2644.7462.5183.6186.8998.13
Dividend Payout %19%10%20%0%0%0%7%20%19%19%19%21%

Financials of Indian Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital4804804804804806091,1291,2451,2451,3471,3471,3471,347
Reserves14,54916,01016,95418,23519,23522,15938,32943,70648,26158,90170,16678,69685,515
Deposits169,204178,259182,480208,262242,041260,184538,030593,571621,123687,953737,098827,654873,958
Borrowing2,6463,50912,63719,76012,13820,83024,76317,21822,09223,14341,55246,80777,299
Other Liabilities +6,1565,6835,9576,2446,4946,35923,28518,35620,61224,36526,87537,04936,421
Total Liabilities193,036203,941218,507252,981280,388310,141625,535674,096713,334795,709877,039991,5531,074,541
Fixed Assets +2,9693,5083,4363,4213,9643,8987,3927,6947,4727,5388,8548,6748,577
CWIP58111110592330
Investments46,06053,28367,78171,61965,27281,871178,292176,502188,366215,242228,421247,682257,964
Other Assets +144,001147,143147,280177,940211,152224,371439,850489,896517,487572,927639,760735,194808,000
Total Assets193,036203,941218,507252,981280,388310,141625,535674,096713,334795,709877,039991,5531,074,541

Financials of Indian Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5,136-931-10,814-3,6766,270-8,39617,06528,750-27,894-8,61717,39618,815
Cash from Investing Activity +-236-772-179-214-176-24721,233-305-314-618-348-428
Cash from Financing Activity +-2,3126209,0416,7761,0002,5521,86618-1,5431,195-4,264-7,649
Net Cash Flow2,588-1,082-1,9522,8867,094-6,09140,16328,464-29,751-8,04012,78410,738
Free Cash Flow4,899-1,702-10,993-3,8906,021-8,64416,52028,446-28,208-9,23517,04818,387

Financials of Indian Bank

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %7%5%9%7%2%4%10%10%12%15%17%15%

Guidance history

How Indian Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%Flat—None planned—
Q1 FY27 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

61out of 100

Momentum score · price trend

61 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+1.1%61%
Last 6 months+1.4%55%
Last 3 months+4.5%71%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indian Bank: 0.4 × 61 + 0.4 × 55 + 0.2 × 71 = 61.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Indian Bank's management said in earlier quarters

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