1. Bandhan Bank
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81% Buy

Bandhan Bank Share Price

BANDHANBNK

₹173.85-₹2.10 (-1.19%) Past Year
₹172.75₹175.80
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Company overview

About

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Market cap

Market Cap Switch₹29,473 Cr

Open

₹173.10

Close

₹175.95

Circuit range

₹193.50 - ₹158.35

Day range

₹172.75 - ₹175.80

Year range

₹172.75 - ₹272.00

Volume

1,49,70,993

Avg. traded

₹174.45

Revenue (12m)

₹17,949 Cr

Bandhan Bank

Bandhan Bank Limited is a leading private sector financial services provider. The Kolkata headquartered company was established as a microfinance institution in 2001. The bank, in its earlier form, was focused on providing loans to small traders and marginal businesses in Kolkata. The microfinance institution was established to help the traders to get rid of high-interest loans offered by money lenders. Later, it emerged into one of the largest players in the microfinance market.

It acquired a non-banking financial company (NBFC) in 2006 and established Bandhan Financial Services Private Limited. It became the largest microfinance institution (MFI) in India in 2010. Bandhan Bank started operations in 2015 after it became India’s first microfinance institution to get a universal banking licence.

In 2018, it emerged as the eighth most-valued bank in India based on market capitalisation on the day of its listing on stock exchanges. In 2019, Bandhan Bank acquired HDFC Limited's stake in GRUH Finance, a leading affordable housing finance company in India.

Bandhan Bank reached the milestones of ₹1.5 lakh crore and ₹2 lakh crore of total business in FY2021 and FY2022, respectively. The market capitalisation of Bandhan Bank stood at more than ₹40,000 crore as of December 19, 2023. Bandhan Bank share price has dropped more than 38% in the last three years.

Business operations

Bandhan Bank has a customer base of more than 3.17 crore. The bank offers its services through 6,238 banking outlets, including 1,411 branches, across India. Out of the total branches, 753 are in rural and semi-urban areas. It also operates 438 voice-enabled ATMs.

In recent years the private lender has made a successful transition to digital banking. Nearly 94% of its transactions by the end of FY23 were in digital mode. Bandhan Bank has also seen a surge in the use of UPI transactions, which touched 53 crore transactions in FY23.

The bank would prioritise intelligent automation as a key focus area in FY23. Its focus on artificial intelligence and business process management aims to enhance the scale and efficiency of its operations.

The bank also initiated the pilot phase of Neo+ Digital Savings Bank accounts. It has implemented 30,000 biometric-enabled tablets to ease account opening and customer onboarding processes.

Bandhan Bank has also launched initiatives focused on empowering entrepreneurship through group-based lending of micro-credit.

In FY 2022-23, the bank significantly expanded its distribution network and its workforce increased 16% to 69,702 compared to 60,211 in the previous financial year.

Bandhan Bank Financial Highlights

Total net revenue of the bank for FY 2022-23 stood at ₹11,728.17 crore, up 1.66% compared to ₹11,536.96 crore in FY 2021-22. Its profit after tax (PAT) for FY 2022-23 stood at ₹2,194.64 crore, a multi-fold growth compared to ₹126 crore in FY22. The profit before tax (PBT) stood at ₹2,892.98 crore in FY23 as against ₹128.62 crore compared to the previous fiscal. Net interest income (NII) surged in FY23 to ₹9,259.62, up 6.25% compared to FY22. Net interest margin decreased in FY23 to 7.2% from 8.2% in FY22. The bank's earnings per share (EPS) increased from ₹0.78 in FY 2021-22 to ₹13.62 in FY 2022-23.

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Bandhan Bank Key indicators

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52 week high

₹272.00

52 week low

₹172.75

P/E ratio

9.51

P/B ratio

1.3

ROE

11.88%

ROCE

10.01%

Dividend yield

0.86%

Debt/Equity ratio

1.26

EPS

13.62

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

81%

Hold

11%

Sell

8%

This analysis is based on the reviews of 26 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

6.37%

ROA

1.49%

Credit Deposit

96.93%

ROE

11.88%

Net profit margin

13.8%

EPS

13.62

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Bandhan Bank Shareholder returns

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1 day

-3.83%

1 week

-10.84%

1 month

-3.93%

3 months

-23.83%

1 year

-14.17%

3 years

-46.06%

5 years

-67.10%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Bandhan Bank Share Price history

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DayOpenCloseDay’s change
Tue, Apr 16 2024
₹173.10
₹173.85
+0.43%
Mon, Apr 15 2024
₹181.95
₹175.95
-3.41%
Fri, Apr 12 2024
₹183.00
₹182.95
-0.03%
Wed, Apr 10 2024
₹182.50
₹182.65
+0.08%
Tue, Apr 9 2024
₹185.15
₹182.70
-1.34%
Mon, Apr 8 2024
₹185.10
₹184.95
-0.08%
Fri, Apr 5 2024
₹203.00
₹197.35
-2.86%
Thu, Apr 4 2024
₹191.95
₹197.95
+3.03%

Shareholding info

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Promoters (39.98%)

Mutual Funds (8.06%)

Retail and other (16.33%)

Foreign institutions-FII (31.2%)

Other domestic institutions (4.42%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.5/share

    Ex date 11 Aug 2023

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Frequently asked questions