Bandhan Bank

₹256.4 -3.8 | 1.5%

WEBSITE BSE:541153 NSE : BANDHANBNK 09 Jun, 14:05

Market Cap ₹41294 Cr.

Stock P/E 12.6

P/B 2.1

Current Price ₹256.4

Book Value ₹ 121.6

Face Value 10

52W High ₹335.5

Dividend Yield 0.59%

52W Low ₹ 182.2

Edit Ratio

Bandhan Bank Research see more...

Overview Inc. Year: 2014Industry: Bank - Private

Bandhan Bank Limited is a commercial bank, which gives a number of asset and legal responsibility services and products designed for micro banking and widespread banking, as well as other banking services and products. Its asset products include retail loans together with a extensive portfolio of micro loans, in addition to micro, small and medium company (SME) loans and small agency loans. Its legal responsibility merchandise consist of current accounts, savings accounts,and various fixed deposit accounts. The Company also offers debit cards, Internet banking, cell banking, electronic facts seize-point of sale (EDC- POS) terminals, on-line bill fee services and the distribution of third party coverage products and mutual fund merchandise.

Bandhan Bank Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Bandhan Bank Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Interest Earned	3198	3308	3001	3410	3181	3409	3872	4055	3773	3808
Other Income	382	553	787	533	492	712	964	330	476	1033
Total Income	3579	3861	3788	3943	3673	4121	4836	4385	4250	4841
Interest Expense	1275	1236	1244	1296	1245	1284	1332	1541	1580	1727
Operating Expenditure	677	711	815	776	878	887	983	1023	1117	1192
Provisions and contingencies	395	1069	1594	1375	5578	806	5	642	1280	1541
Operating Profit	1233	845	135	496	-4029	1144	2517	1178	273	381
Profit Before Tax	1233	845	135	496	-4029	1144	2517	1178	273	381
Provision for Tax	313	213	32	123	-1020	285	614	292	64	90
Profit After Tax	920	633	103	373	-3009	859	1902	887	209	291
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	920	633	103	373	-3009	859	1902	887	209	291
Adjusted Earnings Per Share	5.7	3.9	0.6	2.3	-18.7	5.3	11.8	5.5	1.3	1.8

Bandhan Bank Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Interest Earned	0	1581	3909	4802	6643	10885	12524	13871	15508
Other Income	8	150	411	706	1063	1549	2022	2823	2803
Total Income	8	1731	4320	5508	7706	12435	14546	16694	18312
Interest Expense	0	649	1505	1770	2148	4562	4961	5157	6180
Operating Expenditure	6	616	1022	1308	1810	2427	2817	3523	4315
Provisions and contingencies	2	53	88	374	735	1393	3820	7885	3468
Operating Profit	1	414	1704	2056	3013	4053	2949	129	4349
Profit Before Tax	1	414	1704	2056	3013	4053	2949	129	4349
Provision for Tax	0	138	593	710	1062	1030	743	3	1060
Profit After Tax	1	275	1112	1346	1952	3024	2205	126	3289
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	275	1112	1346	1952	3024	2205	126	3289
Adjusted Earnings Per Share	0	0	10.2	11.3	16.4	18.8	13.7	0.8	20.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	11%	28%	29%	0%
Operating Profit CAGR	-96%	-65%	-40%	0%
PAT CAGR	-94%	-60%	-35%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-23%	-0%	-13%	NA%
ROE Average	1%	12%	15%	15%
ROCE Average	3%	13%	19%	19%

Bandhan Bank Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	0	3335	4446	9382	11202	15195	17408	17381
Minority's Interest	0	0	0	0	0	0	0	0
Deposits	0	12089	23229	33869	43232	57082	77972	96331
Borrowings	0	3052	1029	285	521	16379	16960	19921
Other Liabilities & Provisions	25	1282	1532	774	1487	3062	2675	5234
Total Liabilities	527	19757	30236	44310	56442	91718	115016	138867
Cash and balance with RBI	0	810	6012	2837	3879	6345	3335	4943
Bank Balance	401	2363	1353	2674	1924	2008	2893	4379
Investments	0	3758	5516	8372	10037	15352	25155	29079
Advances	0	12438	16839	29713	39643	66630	81613	93975
Fixed Assets	109	237	252	238	222	347	432	415
Other Assets	17	150	264	476	627	1014	1533	5904
Total Assets	527	19757	30236	44310	56442	91718	115016	138867

Bandhan Bank Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	0	400	3173	7365	5375	5802	8352	6228
Cash Flow from Operating Activities	0	6950	8885	-2599	2695	6583	-909	902
Cash Flow from Investing Activities	-102	-3714	-2671	-2237	-2373	-5312	-1804	-612
Cash Flow from Financing Activities	501	-3723	-2023	2846	105	154	588	2803
Net Cash Inflow / Outflow	400	-487	4192	-1989	427	1426	-2125	3093
Closing Cash & Cash Equivalent	400	3173	7365	5375	5802	8352	6228	9321

Bandhan Bank Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	0	10.15	11.28	16.36	18.78	13.69	0.78
CEPS(Rs)	0.01	2.84	10.76	12	17.01	19.28	14.33	1.46
DPS(Rs)	0	0	0	1	3	0	1	0
Book NAV/Share(Rs)	0	0	40.6	78.65	93.89	94.37	108.09	107.87
Yield on Advances	0	12.71	23.21	16.16	16.76	16.34	15.35	14.76
Yield on Investments	0	3.54	8.15	6.41	6.5	6.16	5.89	5.88
Cost of Liabilities	0	4.28	6.21	5.18	4.91	6.21	5.23	4.44
NIM (Net Interest Margin)	0	4.82	8.09	6.96	8.1	7	6.69	6.58
Interest Spread	0	8.43	17.01	10.98	11.85	10.13	10.12	10.32
ROA(%)	0	2.79	4.45	3.61	3.87	4.08	2.13	0.1
ROE(%)	0.11	14.35	28.58	19.46	18.96	22.91	13.53	0.72
ROCE(%)	0	26.34	32.35	28.32	28.65	24.62	11.97	2.7
PER(x)	0	0	0	41.51	32.09	10.85	24.74	393.6
Price/Book(x)	0	0	0	5.95	5.59	2.16	3.13	2.85
Dividend Yield(%)	0	0	0	0.21	0.57	0	0.3	0
EV/Net Sales(x)	0	2.62	0.54	11.69	9.51	4.52	5.71	5.01
EV/Core EBITDA(x)	217.4	8.88	1.18	23.1	16.85	9.03	10.57	8.67
Interest Earned Growth(%)	0	0	147.17	22.86	38.34	63.86	15.05	10.75
Net Profit Growth	0	0	303.98	21.01	45.03	54.94	-27.06	-94.3
Advances Growth	0	0	35.39	76.45	33.42	68.07	22.49	15.15
EPS Growth(%)	0	0	303.98	0	45	14.8	-27.08	-94.3
Loans/Deposits(x)	0	25.24	4.43	0.84	1.21	28.69	21.75	20.68
Cash/Deposits(x)	0	0.07	0.26	0.08	0.09	0.11	0.04	0.05
Current Ratio(x)	0	0.31	0.24	0.25	0.23	0.27	0.32	0.3
Quick Ratio(x)	0	25.24	4.43	0.84	1.21	28.69	21.75	20.68
CASA %	0	21.55	29.43	34.32	40.75	36.84	43.38	41.61

Bandhan Bank Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	40	39.99	39.99	39.99	39.99	39.99	39.99	39.99	39.99	39.99
FII	35.2	34.91	35.44	33.61	34.6	34.31	35.64	30.15	32.39	31.92
DII	4.37	1.9	1.97	2.5	1.94	4.56	7.12	12.57	12.53	13.31
Public	20.43	23.19	22.6	23.9	23.47	21.14	17.25	17.3	15.1	14.78
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	64.41	64.41	64.41	64.41	64.41	64.41	64.41	64.41	64.41	64.41
FII	56.69	56.23	57.08	54.13	55.74	55.26	57.41	48.56	52.17	51.43
DII	7.04	3.06	3.17	4.03	3.12	7.35	11.47	20.25	20.18	21.43
Public	32.89	37.35	36.4	38.5	37.81	34.05	27.78	27.86	24.33	23.81
Others	0	0	0	0	0	0	0	0	0	0
Total	161.04	161.06	161.07	161.07	161.07	161.08	161.08	161.08	161.08	161.08

Pros

Cons

Promoter holding is low: 39.99%.
Company has a low return on equity of 12% over the last 3 years.
The company has delivered a poor profit growth of -35% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.