StrengthTalking point
Asset quality at a multi-year best
Gross NPA of 1.5% is the lowest in 6 years, down from a peak of 3.4%.
Importance 54 / 95 · financial health
Federal Bank · Research view
Federal Bank Ltd.
NSE: FEDERALBNKBSE: 500469ISIN INE171A01029Face value ₹2consolidated
₹317
−0.46% · 2026-10-01 · 52-wk ₹192–₹372
Financials to FY2026 · 7 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Banks › Private Sector Bank.
- Market cap
- ₹78,007 cr
- FY2026 total income
- ₹34,272 cr
- FY2026 net profit
- ₹4,345 cr
- Net worth
- ₹41,112 cr
- Advances
- ₹2,77,381 cr
- EPS (basic)
- ₹17.67
- Listed
- NSE · BSE
- Reporting
- Banking (Sch. III)Apr–Mar
Peer set used on this page: 8 private sector bank.
Section 04 · Business performance
Is the business growing?
Total incomeNet profit
Advances (loans)Deposits
Total income and profit over the loaded history are shown above.
- Advances growth per year
- +14.2%over 6 years
- Advances growth
- +13.2%vs last year
- Deposits growth
- +10.6%vs last year
- Net profit growth
- +4.5%vs last year
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹1,256 cr, up 36.8% from ₹918 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit grew 36.8% while total income grew 7.5% vs the same quarter last year — a gap of 29.2 percentage points.
Rule QTR_PROFIT_VS_REVENUE_GROWTH
Strength
Q1 FY27 net margin was 14.0%, up 3.00 percentage points from 11.0% a year earlier.
Rule QTR_MARGIN_CHANGED_YOY
A. Quarterly results
Total incomeNet profit
| Quarter | Total income | YoY | Net profit | YoY |
|---|---|---|---|---|
| Q2 FY25 | 8,015 | — | 1,096 | — |
| Q3 FY25 | 8,196 | +17.2% | 944 | −8.8% |
| Q4 FY25 | 8,155 | +14.1% | 1,091 | +12.4% |
| Q1 FY26 | 8,315 | +8.5% | 918 | −10.6% |
| Q2 FY26 | 8,321 | +3.8% | 992 | −9.5% |
| Q3 FY26 | 8,503 | +3.7% | 1,094 | +15.9% |
| Q4 FY26 | 9,132 | +12.0% | 1,341 | +22.9% |
| Q1 FY27 | 8,943 | +7.5% | 1,256 | +36.8% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Total income
- ₹34,900 crTTM
- PBT
- ₹6,335 crTTM
- Net profit
- ₹4,683 crTTM
C. Corporate actions
14 Aug 2026DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
22 Aug 2025DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
23 Aug 2024DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
11 Aug 2023DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
19 Jul 2022DividendFinal Dividend - Rs. - 1.8000 — ₹1.80/share
1 Jul 2021DividendFinal Dividend - Rs. - 0.7000 — ₹0.70/share
17 Jul 2019DividendFinal Dividend - Rs. - 1.4000 — ₹1.40/share
2 Aug 2018DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
3 Jul 2017DividendDividend - Rs. - 0.9000 — ₹0.90/share
29 Jul 2016DividendDividend - Rs. - 0.7000 — ₹0.70/share
8 Jul 2015Bonus issueBonus issue 1:1 — 1:2
28 May 2015DividendDividend - Rs. - 2.2000 — ₹2.20/share
4 Jul 2014DividendDividend - Rs. - 2.0000 — ₹2.00/share
17 Oct 2013Stock splitStock Split From Rs.10/- to Rs.2/- — 10:2
9 Jul 2013DividendDividend - Rs. - 9.0000 — ₹9.00/share
20 Jul 2012DividendDividend - Rs. - 9.0000 — ₹9.00/share
23 Aug 2011DividendDividend - Rs. - 8.5000 — ₹8.50/share
2 Sept 2010DividendDividend - Rs. - 5.0000 — ₹5.00/share
11 Aug 2009DividendDividend - Rs. - 5.0000 — ₹5.00/share
10 Jul 2008DividendDividend - Rs. - 4.0000 — ₹4.00/share
19 Nov 2007Rights issueRight Issue of Equity Shares
16 Aug 2007DividendDividend - Rs. - 4.0000 — ₹4.00/share
30 Jul 2001DividendDividend - Rs. - 2.5000 — ₹2.50/share
Section 06 · Business performance
Is it becoming more profitable?
Net interest margin (left)Return on equity (right)
Margin and return trends are shown above.
- NIM FY2026
- 3.12%
- Cost-to-income
- 52.5%
- ROE FY2026
- 11.4%
- ROA FY2026
- 1.14%
Section 07 · Financial health
Is financial health improving?
Gross NPA %Net NPA %
Strength
Gross NPA of 1.5% is the lowest in 6 years, down from a peak of 3.4%.
Rule BANK_ASSET_QUALITY_MULTIYEAR_BEST
Net worth (capital + reserves)
- Gross NPA FY2026
- 1.54%
- Net NPA
- 0.19%
- Credit cost
- 0.75%of advances
- Credit / deposit
- 88%
Section 08 · Relative position
How does it compare with peers?
Ranked against 8 private sector bank (FY2026, consolidated). No peer-relative rule fired for this company.
Return on equity
FEDERALBNK · 5th of 8 · set median 11.4%
P/E ratio
FEDERALBNK · 3rd of 8 · set median 16.9×
- P / E
- 16.7×TTM to Jun 26
- P / B
- 1.9×latest book
- P / S
- 2.2×TTM sales
- Earnings yield
- 6.0%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 18.0× · P/S 2.3× · ROE 11.4%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- +63.4%
- 3-year return
- +115.0%
- 5-year return
- +280.7%
- From 52-wk high
- −14.8%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹347
- vs 200-day avg
- Above₹304
- RSI (14)
- 27.8oversold
- MACD histogram
- -1.8
- From 52-wk high
- −14.8%
- From 52-wk low
- +64.6%
- 30-day volatility
- 20.7%ann.
- 6-month return
- +22.0%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- Cash-flow-statement facts are unavailable for FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
- The price-adjusted series does not correct for a rights issue (ex-date 2007-11-19) — BSE's corporate-actions feed does not carry the subscription price or ratio a rights adjustment needs, unlike splits and bonuses, which are corrected. Returns spanning that date may be modestly overstated or understated.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total income | 15,472 | 16,272 | 16,502 | 20,248 | 26,782 | 32,030 | 34,272 |
| Interest earned | 13,590 | 14,314 | 14,382 | 17,812 | 23,565 | 28,106 | 29,674 |
| Interest expended | 8,678 | 8,435 | 7,959 | 9,975 | 14,495 | 17,631 | 17,772 |
| Net interest income | 4,912 | 5,879 | 6,422 | 7,837 | 9,071 | 10,475 | 11,903 |
| Pre-provision operating profit | 3,247 | 3,938 | 3,951 | 5,062 | 5,521 | 6,507 | 7,834 |
| Provisions & contingencies | 1,187 | 1,730 | 1,305 | 799 | 260 | 919 | 1,971 |
| Profit before tax | 2,060 | 2,209 | 2,646 | 4,263 | 5,261 | 5,588 | 5,863 |
| Net profit | 1,580 | 1,664 | 1,970 | 3,165 | 3,880 | 4,159 | 4,345 |
| EPS (₹) | 7.9 | 8.3 | 9.5 | 15.0 | 16.8 | 17.0 | 17.7 |
| Net worth | 14,822 | 16,502 | 19,561 | 22,474 | 30,926 | 35,453 | 41,112 |
| Total debt | 12,528 | 12,271 | 19,587 | 25,862 | 25,160 | 32,596 | 33,193 |
| Advances | 1,24,850 | 1,35,514 | 1,49,951 | 1,81,957 | 2,18,110 | 2,44,995 | 2,77,381 |
| Deposits | 1,52,252 | 1,72,186 | 1,81,678 | 2,12,989 | 2,52,455 | 2,83,484 | 3,13,491 |
| Borrowings | 12,528 | 12,271 | 19,587 | 25,862 | 25,160 | 32,596 | 33,193 |
| Investments | 35,715 | 36,732 | 39,065 | 48,702 | 61,043 | 66,058 | 76,471 |
| Gross NPAs | 3,580 | 4,646 | 4,257 | 4,344 | 4,677 | 4,376 | 4,335 |
| Net NPAs | 1,650 | 1,605 | 1,480 | 1,323 | 1,366 | 1,040 | 529 |
| Operating cash flow | — | 11,195 | −7,774 | 489 | 6,431 | 8,801 | 4,349 |
| Ratio | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Advances growth YoY | — | 8.5 | 10.7 | 21.3 | 19.9 | 12.3 | 13.2 |
| Deposits growth YoY | — | 13.1 | 5.5 | 17.2 | 18.5 | 12.3 | 10.6 |
| Profit growth YoY | — | 5.3 | 18.4 | 60.7 | 22.6 | 7.2 | 4.5 |
| Profitability | |||||||
| Net interest margin % | 2.7 | 3.0 | 3.0 | 3.2 | 3.1 | 3.1 | 3.1 |
| Cost-to-income % | 52.2 | 49.7 | 53.8 | 50.7 | 55.1 | 54.8 | 52.5 |
| Return on equity % | 10.7 | 10.6 | 10.9 | 15.1 | 14.5 | 12.5 | 11.4 |
| Return on assets % | 0.9 | 0.9 | 0.9 | 1.3 | 1.3 | 1.2 | 1.1 |
| Asset quality | |||||||
| Gross NPA % | 2.8 | 3.4 | 2.8 | 2.3 | 2.1 | 1.8 | 1.5 |
| Net NPA % | 1.3 | 1.2 | 1.0 | 0.7 | 0.6 | 0.4 | 0.2 |
| Credit cost % | 1.0 | 1.3 | 0.9 | 0.5 | 0.1 | 0.4 | 0.8 |
| Credit / deposit % | 82.0 | 78.7 | 82.5 | 85.4 | 86.4 | 86.4 | 88.5 |