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Jammu and Kashmir Bank Q2 FY27 Share Price & Earnings Call Analysis

₹122.25+0.34% today
Market cap
₹13,495 Cr
P/E
5.87
ROE
15.36%
PEG
0.23
Price to sales
1.00
Debt to equity
10.46
52W high / low
₹193 / ₹98.1
Sales growth (5Y)
10.15%
EBITDA margin
70.91%
Net profit margin
17.93%
Promoter holding
59.40%
Sales (last year)
₹13,429 Cr

Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.[1] It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.[2]

Guidance scorecard · Q2 FY27 call

What Jammu and Kashmir Bank Ltd's management guided
and where it ranks in Banks

#13of 28 in
Banks
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Credit growth for the current financial year is expected to be around 18% to 20%, exceeding the initial guidance of 12%.
  • Retail credit growth is projected to grow at 55% to 60% for the year, with a focus on retail as the main growth driver.
  • Growth from Jammu & Kashmir region is expected at approximately 12% to 13%, while rest of India branches are targeted at 25% growth.
  • Branch expansion plans include adding 15 to 20 branches annually in Jammu & Kashmir, and 50 to 70 branches in the rest of India over two years.
  • CASA ratio is expected to improve significantly by the end of Q3 due to new initiatives including MOUs for salary accounts with corporates and government entities.

2 more points from Jammu and Kashmir Bank Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Jammu and Kashmir Bank Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Jammu & Kashmir Bank has already completed a capital raise of INR 1,250 crores which is approved.
  • The bank is considering revising the quantum of capital raise upwards, but details and approvals are pending.
  • Government shareholding might dilute with the fresh capital raise.

2 more points from Jammu and Kashmir Bank Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Jammu and Kashmir Bank Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Jammu and Kashmir Bank Ltd said on the order book →

Full Q1 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 Jammu and Kashmir Bank Ltd 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 Jammu and Kashmir Bank Ltd.

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Financials of Jammu and Kashmir Bank Ltd

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

Shareholder Pattern

Jammu and Kashmir Bank Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%59.40%
FIIs +5.80%6.99%7.16%6.47%7.07%7.64%8.01%7.85%8.14%8.35%9.38%11.62%
DIIs +7.81%7.90%6.74%6.41%6.82%6.69%5.87%5.76%5.84%6.00%7.85%7.42%
Public +26.98%25.71%26.70%27.72%26.70%26.26%26.72%26.98%26.62%26.26%23.37%21.57%
No. of Shareholders2,04,1932,15,2942,54,6452,78,0502,82,7432,80,1872,65,9682,61,9782,54,2192,40,5392,19,6362,16,319

Financials of Jammu and Kashmir Bank Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +2,7642,8812,9102,9943,1243,2103,2133,2693,2933,3153,2733,5473,729
Interest1,4301,6001,6041,6251,6871,6971,7321,8031,8581,8241,7842,0492,225
Expenses +9829067059549809961,0751,0619579648891,0951,104
Financing Profit352375602415456516406406479527600403400
Financing Margin %13%13%21%14%15%16%13%12%15%16%18%11%11%
Other Income +193186229198301242403253156280262217318
Depreciation0000000000000
Profit before tax545561830614757758810659635807862621718
Tax %30%25%23%32%27%30%28%26%22%27%7%31%24%
Net Profit +384423633418553529582485495581799429553
EPS in Rs3.723.845.753.805.024.805.284.404.495.287.253.895.02
Gross NPA %
Net NPA %

Financials of Jammu and Kashmir Bank Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +7,0616,8446,6866,6217,6768,4468,1118,0139,35511,21312,54113,15113,865
Interest4,4094,1324,1733,7504,2914,7394,3404,1014,6096,0086,7417,2697,882
Expenses +2,3362,4664,4313,1543,4395,2343,8023,7743,5673,4373,8343,7414,053
Financing Profit316245-1,919-283-55-1,527-301371,1781,7681,9662,1411,930
Financing Margin %4%4%-29%-4%-1%-18%-0%2%13%16%16%16%14%
Other Income +5995094975018175097017537658381,1409511,079
Depreciation956485971041261341441582181681280
Profit before tax820689-1,507121659-1,1445377471,7862,3882,9392,9643,008
Tax %38%40%8%-68%30%3%19%32%33%26%29%20%
Net Profit +508414-1,633203464-1,1834284951,1811,7712,0822,3602,362
EPS in Rs10.498.54-31.323.648.33-16.596.015.3011.4416.0818.9121.4321.44
Dividend Payout %20%20%0%0%0%0%0%0%4%13%11%0%

Financials of Jammu and Kashmir Bank Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital4848525656717193103110110110110
Reserves6,0606,3725,6216,1026,5666,2746,7317,9849,79312,08314,09816,39017,433
Deposits66,33669,37972,45980,00589,63797,786108,047114,703122,027134,765148,552165,342176,776
Borrowing1,7402,2401,2761,6282,6242,0202,0152,3712,8922,8852,3833,4315,381
Other Liabilities +1,7262,2142,6041,8942,5222,6783,4085,42511,0974,6624,2803,6873,726
Total Liabilities75,91080,25482,01289,684101,405108,829120,273130,576145,913154,505169,424188,960203,427
Fixed Assets +6557061,4791,5981,6462,0361,9711,9082,2242,2082,1262,4452,517
CWIP3459641729354146475066880
Investments22,74020,33421,27118,86023,14022,99030,77433,78534,78034,90041,12240,52045,648
Other Assets +52,48159,15659,19869,21076,58983,76887,48694,837108,860117,347126,110145,906155,262
Total Assets75,91080,25482,01289,684101,405108,829120,273130,576145,913154,505169,424188,960203,427

Financials of Jammu and Kashmir Bank Ltd

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 +118-2192,4572,363-2,9924,374-14-1,568-407-8532,723-1,126
Cash from Investing Activity +-261-136-861-164-165-115-76-85-124-257-102-302
Cash from Financing Activity +-338-176593668769-339-199941638407-1,034-500
Net Cash Flow-480-5312,1892,867-2,3883,920-289-712107-7021,587-1,928
Free Cash Flow-131-3551,5962,199-3,1564,259-90-1,653-531-1,0382,621-1,595

Financials of Jammu and Kashmir Bank Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %9%7%-27%3%7%-18%7%7%13%16%16%15%

Guidance history

How Jammu and Kashmir Bank Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%PlannedPlanned—
Q4 FY26 call →10–20%Down 0–2%None plannedPlanned—
Q3 FY26 call →10–20%FlatPlannedPlanned—
Q2 FY26 call →10–20%Flat———

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

25out of 100

Momentum score · price trend

25 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+13.7%70%
Last 6 months−5.2%45%
Last 3 months−20.5%15%

The price is 36.5% below its all-time high of ₹192.65 (10 Jul 2026). Stocks more than 20% below their peak have their score halved, so 49 became 25.

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 Jammu and Kashmir Bank Ltd: 0.4 × 70 + 0.4 × 45 + 0.2 × 15 = 49, halved to 25 because the price is more than 20% below its all-time high.

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 Jammu and Kashmir Bank Ltd's management said in earlier quarters

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