StrengthTalking point
Asset quality at a multi-year best
Gross NPA of 2.0% is the lowest in 6 years, down from a peak of 8.5%.
Importance 55 / 95 · financial health
Indian Bank · Research view
Indian Bank
NSE: INDIANBBSE: 532814ISIN INE562A01011Face value ₹10consolidated
₹800
−0.84% · 2026-10-01 · 52-wk ₹737–₹992
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 › Public Sector Bank.
- Market cap
- ₹1.08 L cr
- FY2026 total income
- ₹78,333 cr
- FY2026 net profit
- ₹11,704 cr
- Net worth
- ₹80,043 cr
- Advances
- ₹6,54,888 cr
- EPS (basic)
- ₹86.89
- Listed
- NSE · BSE
- Reporting
- Banking (Sch. III)Apr–Mar
Peer set used on this page: 8 public 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
- +27.0%over 5 years
- Advances growth
- +14.7%vs last year
- Deposits growth
- +12.3%vs last year
- Net profit growth
- +3.9%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 ₹3,357 cr, up 47.5% from ₹2,276 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit grew 47.5% while total income grew 11.1% vs the same quarter last year — a gap of 36.4 percentage points.
Rule QTR_PROFIT_VS_REVENUE_GROWTH
Strength
Q1 FY27 net margin was 16.0%, up 3.95 percentage points from 12.0% a year earlier.
Rule QTR_MARGIN_CHANGED_YOY
A. Quarterly results
Total incomeNet profit
| Quarter | Total income | YoY | Net profit | YoY |
|---|---|---|---|---|
| Q2 FY25 | 17,971 | — | 2,800 | — |
| Q3 FY25 | 18,168 | +11.4% | 2,910 | +31.9% |
| Q4 FY25 | 18,794 | +10.1% | 2,982 | +29.9% |
| Q1 FY26 | 18,906 | +10.4% | 2,276 | −11.4% |
| Q2 FY26 | 19,271 | +7.2% | 3,108 | +11.0% |
| Q3 FY26 | 19,895 | +9.5% | 3,147 | +8.2% |
| Q4 FY26 | 20,261 | +7.8% | 3,173 | +6.4% |
| Q1 FY27 | 20,997 | +11.1% | 3,357 | +47.5% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Total income
- ₹80,424 crTTM
- PBT
- ₹16,795 crTTM
- Net profit
- ₹12,785 crTTM
C. Corporate actions
10 Jun 2026DividendFinal Dividend - Rs. - 18.2500 — ₹18.25/share
10 Jun 2025DividendFinal Dividend - Rs. - 16.2500 — ₹16.25/share
7 Jun 2024DividendFinal Dividend - Rs. - 12.0000 — ₹12.00/share
12 Jun 2023DividendFinal Dividend - Rs. - 8.6000 — ₹8.60/share
14 Jun 2022DividendFinal Dividend - Rs. - 6.5000 — ₹6.50/share
8 Jul 2021DividendFinal Dividend - Rs. - 2.0000 — ₹2.00/share
21 Jun 2018DividendDividend - Rs. - 6.0000 — ₹6.00/share
2 Jun 2017DividendDividend - Rs. - 6.0000 — ₹6.00/share
23 Jun 2016DividendDividend - Rs. - 1.5000 — ₹1.50/share
23 Jun 2015DividendDividend - Rs. - 4.2000 — ₹4.20/share
23 Jun 2014DividendFinal Dividend - Rs. - 1.7000 — ₹1.70/share
20 Jan 2014DividendInterim Dividend - Rs. - 3.0000 — ₹3.00/share
24 Jun 2013DividendDividend - Rs. - 6.6000 — ₹6.60/share
25 Jun 2012DividendDividend - Rs. - 7.5000 — ₹7.50/share
30 May 2011DividendDividend - Rs. - 7.5000 — ₹7.50/share
30 May 2011OtherGeneral
7 Jun 2010DividendFinal Dividend - Rs. - 4.0000 — ₹4.00/share
4 Mar 2010DividendInterim Dividend - Rs. - 2.5000 — ₹2.50/share
18 Jun 2009DividendFinal Dividend - Rs. - 3.0000 — ₹3.00/share
9 Mar 2009DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
22 May 2008DividendDividend - Rs. - 4.0000 — ₹4.00/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
- 2.89%
- Cost-to-income
- 47.0%
- ROE FY2026
- 15.4%
- ROA FY2026
- 1.25%
Section 07 · Financial health
Is financial health improving?
Gross NPA %Net NPA %
Strength
Gross NPA of 2.0% is the lowest in 6 years, down from a peak of 8.5%.
Rule BANK_ASSET_QUALITY_MULTIYEAR_BEST
Net worth (capital + reserves)
- Gross NPA FY2026
- 1.98%
- Net NPA
- 0.15%
- Credit cost
- 0.57%of advances
- Credit / deposit
- 79%
Section 08 · Relative position
How does it compare with peers?
Ranked against 8 public sector bank (FY2026, consolidated). No peer-relative rule fired for this company.
Return on equity
INDIANB · 4th of 8 · set median 15.2%
P/E ratio
INDIANB · 7th of 8 · set median 6.4×
- P / E
- 8.4×TTM to Jun 26
- P / B
- 1.3×latest book
- P / S
- 1.3×TTM sales
- Earnings yield
- 11.9%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 9.2× · P/S 1.4× · ROE 15.4%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- +8.5%
- 3-year return
- +88.9%
- 5-year return
- +464.1%
- From 52-wk high
- −19.3%
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₹856
- vs 200-day avg
- Below₹861
- RSI (14)
- 29.3oversold
- MACD histogram
- -5.0
- From 52-wk high
- −19.3%
- From 52-wk low
- +8.5%
- 30-day volatility
- 16.5%ann.
- 6-month return
- −5.4%
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 FY2019, 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.
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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Total income | 24,727 | 46,268 | 52,790 | 64,232 | 72,051 | 78,333 |
| Interest earned | 21,401 | 38,862 | 44,985 | 55,650 | 62,039 | 67,504 |
| Interest expended | 13,798 | 22,129 | 24,717 | 32,341 | 36,826 | 40,539 |
| Net interest income | 7,604 | 16,732 | 20,268 | 23,309 | 25,213 | 26,965 |
| Pre-provision operating profit | 6,497 | 12,785 | 15,348 | 16,938 | 19,101 | 20,016 |
| Provisions & contingencies | 5,118 | 9,522 | 9,358 | 5,894 | 4,214 | 3,515 |
| Profit before tax | 1,378 | 3,263 | 5,990 | 11,044 | 14,887 | 15,735 |
| Net profit | 861 | 4,142 | 5,572 | 8,419 | 11,261 | 11,704 |
| EPS (₹) | 16.4 | 34.0 | 44.7 | 66.0 | 83.6 | 86.9 |
| Net worth | 22,768 | 44,952 | 49,507 | 60,248 | 71,513 | 80,043 |
| Total debt | 20,830 | 17,153 | 22,092 | 23,143 | 41,552 | 46,807 |
| Advances | 1,97,887 | 3,89,186 | 4,49,294 | 5,14,889 | 5,71,071 | 6,54,888 |
| Deposits | 2,60,184 | 5,93,571 | 6,21,123 | 6,87,953 | 7,37,098 | 8,27,654 |
| Borrowings | 20,830 | 17,153 | 22,092 | 23,143 | 41,552 | 46,807 |
| Investments | 81,871 | 1,76,502 | 1,88,366 | 2,15,242 | 2,28,421 | 2,47,682 |
| Gross NPAs | 14,176 | 35,214 | 28,180 | 21,106 | 18,179 | 13,190 |
| Net NPAs | 6,184 | 8,849 | 4,043 | 2,223 | 1,110 | 965 |
| Operating cash flow | — | 28,750 | −27,894 | −8,617 | 17,396 | 18,815 |
| Ratio | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Advances growth YoY | — | — | 15.4 | 14.6 | 10.9 | 14.7 |
| Deposits growth YoY | — | — | 4.6 | 10.8 | 7.1 | 12.3 |
| Profit growth YoY | — | — | 34.5 | 51.1 | 33.8 | 3.9 |
| Profitability | ||||||
| Net interest margin % | 2.5 | 2.5 | 2.9 | 3.1 | 3.0 | 2.9 |
| Cost-to-income % | 40.6 | 47.0 | 45.3 | 46.9 | 45.8 | 47.0 |
| Return on equity % | 3.8 | 9.2 | 11.8 | 15.3 | 17.1 | 15.4 |
| Return on assets % | 0.3 | 0.6 | 0.8 | 1.1 | 1.3 | 1.3 |
| Asset quality | ||||||
| Gross NPA % | 6.9 | 8.5 | 6.0 | 4.0 | 3.1 | 2.0 |
| Net NPA % | 3.1 | 2.3 | 0.9 | 0.4 | 0.2 | 0.1 |
| Credit cost % | 2.6 | 2.4 | 2.2 | 1.2 | 0.8 | 0.6 |
| Credit / deposit % | 76.1 | 65.6 | 72.3 | 74.8 | 77.5 | 79.1 |