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Bandhan Bank Share Price Today

Company details

185.10
189.80
170.30
272.00
6M Return -12.29%
1Y Return -26.60%
Mkt Cap.(Cr) 30,012.37
Volume 6,485,191
Div Yield 0.81%
OI
-
OI Chg %
-
Volume 6,485,191

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Revival in Q4; balance sheet restructuring underway…
About The Stock

    Bandhan Bank was incorporated in 2015 as the RBI granted a universal banking license. The bank has a strong presence in eastern and north-eastern India with MFI loans being its forte while acquisition of Gruh Finance boosted the home loan book.

    • Total ~52% of loans are from emerging enterprise business (EEB)
    • The bank has 1411 branches in 34 states, UTs & customer base of 3 crore
Q4FY23

    Revival in earnings driven by lower provisions.

    • NII down 2.7% YoY as NIMs contracted 140 bps QoQ to 7.3%
    • Provision down 52% QoQ to ₹ 735 crore resulting in ~3x increase in PAT at ₹ 808 crore
    • Loan growth was slower at ~10% YoY; strong traction in non-MFI book

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Research view on more stocks

Bandhan Bank announced Q3FY24 results:

  • Net Interest Income: Increased to Rs 2,525 crore in Q3FY24 from Rs 2,081 crore in Q3FY23, marking a growth of 21%.

  • Loan Portfolio: Stands at Rs 1.16 lakh crore, showing a YoY growth of 18.6%.

    • Retail Loan books (excluding housing finance books) grew by 70% YoY.
    • Commercial Banking book grew by 60% YoY.
    • Housing Finance book grew by more than 6% YoY.
    • EEB Book exhibited a growth of 10% YoY, with a 7.5% QoQ growth.
  • Total Deposits: Amounted to Rs 1.17 lakh crore, growing by 14.8% YoY, surpassing the industry average growth.

    • CASA deposits reached Rs 42,413 crore.
    • CASA ratio stood at a robust 36.1% in Q3FY24.
  • Profit After Tax (PAT): Stood at Rs 733 crore in Q3FY24 compared to Rs 291 crore in Q3FY23, registering a growth of 152% YoY.

  • Gross Non-Performing Assets (GNPA): Improved to 7.0% as of December 31, 2023, from 7.3% as of September 30, 2023.

    • Collection efficiency for the bank remained steady and healthy at 98% for the December 2023 quarter.
    • Collection efficiency for the EEB book also stood at 99% for the December 2023 quarter.
    • Collection efficiency for Assam & WB remained at a healthy 99%.
  • Provision Coverage Ratio (PCR): Stood at 70% as of December 31, 2023.

  • Net Interest Margin (NIM%): Stood at 7.2% in Q3FY24, an improvement from 6.5% in Q3FY23, and stable from 7.2% in Q2FY24.

  • Return on Assets (ROA) & Return on Equity (ROE): Annualized for Q3FY24 stands at 1.9% and 14% respectively.

  • Capital to Risk (Weighted) Assets Ratio (CRAR): Including 9MFY24 profits, stands at 19.8%.

Commenting on the performance, Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “The growth in this quarter across various segments of business is very encouraging. The bank has demonstrated stability across various key performance indicators despite a tough operating environment. With the recent CBS migration and the new talent in the Bank’s leadership, I am confident that we will continue the growth momentum. Looking ahead, we stand poised for growth, leveraging our robust foundation to seize emerging opportunities and continue serving the nation’s population with services that they truly deserve.”

Result PDF

View Other Company Results

Bandhan Bank Shares SWOT Analysis

Strengths (5)

  • Rising Net Cash Flow and Cash from Operating activity
  • Increasing Revenue every quarter for the past 2 quarters
  • Annual Net Profits improving for last 2 years

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (1)

  • Decrease in NPA in recent results

Threats (3)

  • Red Flag: Resignation of Top Management
  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 189.0
R2 191.8
R3 193.7
Pivot

187.07

S1 184.3
S2 182.4
S3 179.6
EMA SMA
184.9
188.2
197.6
210.7
185.3
184.0
201.2
217.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Bulk Purchase 2024-04-23 180.8 12116098 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Bulk Sell 2024-04-23 180.8 11748919 NSE
SOCIETE GENERALE Block Purchase 2024-04-23 180.8 12116098 NSE
Name Category Shares
BANDHAN FINANCIAL HOLDINGS LIMITED PROMOTER 39.98%

OUR RESEARCH VIEW

Investment recommendation
Revival in Q4; balance sheet restructuring underway…
Call Date
23 May 2023
Entry Price 238.00
Target Price 265.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bandhan Bank Stocks Comparison

Financials( in Cr) Bandhan Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 186.30 1,517.20 1,131.95 828.60 1,174.00
% Change -1.17 1.65 -0.22 -0.42 0.75
Mcap Cr 30,012.37 1,152,603.34 794,893.32 739,493.35 362,363.32
Revenue TTM Cr 15,904.70 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 2,194.64 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 13.44 17.98 17.97 10.22 13.74
1 Year Return -26.60 -7.33 18.73 42.47 28.15
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 11.87 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 19,584.16 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
Bandhan Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 22, 2024 l NSE Announcement

Bandhan Bank Limited - Disclosure under SEBI Takeover Regulations

May 21, 2024 l NSE Announcement

Date Action Type Ratio
Aug 11, 2023 Dividend 15

Bandhan Bank Information

Stock PE (TTM)
13.44
Promoter Holding
39.98%
Book Value
133.8662
ROE
11.87%
Description
  • Bandhan Bank Ltd. is a banking and financial services company established on 23 August 2015. The company transitioned from an NGO to a Non-Banking Financial Company (NBFC) before becoming a bank in a span of more than two decades. Headquartered in Kolkata, Bandhan Bank has presence in 34 states and Union Territories of India. The bank has 5,639 banking outlets, 471 ATMs, and more than 2.63 crore customers. The bank’s total revenue for FY 2021-2022 was Rs. 4,836 crore, and its market capitalisation as of 16 June 2022 was worth Rs. 49,426.77 crore.

    Bandhan started as a society in 2001 aimed at women empowerment and sustainable living in rural West Bengal. It became an NBFC in 2006 and the largest microfinance institution in the country in 2010. Bandhan Bank came to existence in 2015 and became the first microfinance institution in India to get a banking license. In 2019, Bandhan Bank acquired a stake of HDFC Limited in GRUH Finance.

    Bandhan Bank Ltd.’s shareholding pattern includes six shareholder categories. Promoters hold a 39.99% stake, foreign institutions have a 34.31% stake, national banks and mutual funds have a 4.19% stake, the general public has a 6.16% stake, and financial institutions have a 0.37% stake. The remaining 14.98% is allotted to other categories.       

    Mr Chandra Shekhar Ghosh is the managing director and CEO of the bank. Mr Ronti Kar is the chief information officer, and Mr Sudheer Reddy is the chief compliance officer of the bank. Mr Indranil Banerjee is presently serving as the company secretary. Other heads include Mr Santanu Banerjee, Mr Sujoy Roy, Mr Arvind Kanagasabai, Mr Sanjeev Naryani. Mr Kamal Batra, and Mr Suresh Iyer.

Registered Address

DN 32 Sector V, Salt Lake, Kolkata, West Bengal, 700091

Tel : 91-33-66090909
Email : investors:bandhanbank.com
Website : http://www.bandhanbank.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 541153
NSE Code : BANDHANBNK
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE545U01014

BANDHAN BANK SHARES FAQs

You can buy Bandhan Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bandhan Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Bandhan Bank Ltd was Rs.186.30.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of Bandhan Bank Ltd stood at Rs. 30,012.37.

The latest PE ratio of Bandhan Bank Ltd as of May 24, 2024 03:59 PM is 13.44

The latest PB ratio of Bandhan Bank Ltd as of May 24, 2024 03:59 PM is 0.72

The 52-week high of Bandhan Bank Ltd share price is Rs. 272.00 while the 52-week low is Rs. 170.30

According to analyst recommendations, Bandhan Bank Ltd Share has a "Buy" rating for the long term.

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