Bandhan Bank Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Based in Kolkata, the head office of Bandhan bank and has approximately 6250 banking branches across 35 states with around 3.26 crore customers availing its services. The bank started its journey in 2001 with Chandra Shekhar Ghosh who is presently serving as its MD and CEO.
Latest Update – A net profit of Rs 1,063 crore was reported by Bandhan Bank for the quarter ended June 30, 2024, up 47 percent over a year ago, from Rs 721 crore last year. The total deposits of the bank grew 23 percent YoY and stood at Rs 1.33 lakh crore as of end-June 2024.
Bandhan Bank Overview
Contents
Bandhan Bank, established in 2014, is a commercial bank primarily aimed at the underbanked and underserved Indian markets. It operates nationally all over India offering various banking products such as micro banking and general one, while also providing asset liability management services.
| Company Name | Bandhan Bank ltd |
| Listed | NSE & BSE |
| Head Office | DN 32, Sector V, Salt Lake City,, Kolkata West Bengal 700091 |
| Board Of Director |
|
| Official Website | bandhanbank.com |
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Bandhan Bank Business Profile
Initially, the firm was established as Bandhan Financial Services Private Limited (BFSL) in the year 2006. Until 2014, BFSL served as the biggest NBFC-MFI in India, after which they got a banking license from RBI. In 2015, Bandhan Bank started its business and the whole micro finance business of BFSL was moved to Bandhan Bank’s books.
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Group Company
There has been no operation in Bandhan Financial Service Ltd since September 2017, when it registered with RBI as NBFC-CIC-ND-SI. Currently, the only business that BFSL engages in is through investments. Bandhan Financial Holdings Limited (BFHL) is a wholly-owned subsidiary of BFSL.
1. Bandhan Bank Ltd.
2. Bandhan Mutual Fund
3. Bandan Financial Services Ltd.
4. Bandhan Life
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Network
For the year 2024, a total of 298 banking outlets have been incorporated to the system.The Company’s operations are spread over thirty-five states and union territories across 615 districts.Its operations comprise 1,700 branches and 4,597 functional banking units.
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The eastern region has got most of the banking outlets at 45%, while 16% are found in the central region, 11% each from both southern and western regions, 10% in north-eastern, and 7% in northern area. In terms of semi-urban space the company is aiming at people living far away from banks with 37%, then 33% come from rural parts,18% are located inside urban centers while there are 12% residing within metropolitan places.
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CGFMU Scheme
The Indian government has launched a financial assistance scheme called Credit Guarantee Fund for Micro Units which is basically aimed at providing small and micro units with business loans without requiring any collateral.
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Additionally, the National Credit Guarantee Trustee Company Limited (NCGTC) has also decided to carry out a meticulous audit for the CGFMU portfolio and audit on the CGFMU claim by Bank related to that portfolio.
Write-off
The technical write-off that took place in the fourth quarter of fiscal year 2024 came to a total of 3,852 crore rupees particularly concerning the small loan sector. A provision of Rs 1774 crores has been made in Q4 FY 2024.
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Bandhan Bank Fundamentals & Quarterly Results
| Metric | Value |
|---|---|
| Market Cap | ₹ 32,356 Cr. |
| Current Price | ₹ 201 |
| High / Low | ₹ 263 / 169 |
| Stock P/E | 12.6 |
| Book Value | ₹ 134 |
| Dividend Yield | 0.76 % |
| ROCE | 7.06 % |
| ROE | 10.8 % |
| Face Value | ₹ 10.0 |
| FCF (Previous Annual) | ₹ -4,654 Cr. |
| Debt to Equity | 7.01 |
| Debt (Preceding Year) | ₹ 1,32,776 Cr. |
| Reserves | ₹ 19,999 Cr. |
| Quick Ratio | 5.42 |
| Current Ratio | 5.42 |
| Free Cash Flow | ₹ 14,252 Cr. |
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Bandhan Bank Quarterly Results
| Quarter | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,055 | 3,773 | 3,808 | 4,268 | 4,523 | 4,492 | 4,665 | 5,189 | 5,536 |
| Interest | 1,541 | 1,580 | 1,727 | 1,796 | 2,032 | 2,049 | 2,140 | 2,323 | 2,531 |
| Expenses + | 1,666 | 2,396 | 2,733 | 2,040 | 1,916 | 2,036 | 2,099 | 3,496 | 2,115 |
| Financing Profit | 848 | -203 | -653 | 432 | 575 | 407 | 426 | -630 | 890 |
| Financing Margin % | 21% | -5% | -17% | 10% | 13% | 9% | 9% | -12% | 16% |
| Other Income + | 330 | 476 | 1,033 | 629 | 385 | 540 | 545 | 694 | 528 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1,178 | 273 | 381 | 1,061 | 960 | 947 | 971 | 64 | 1,418 |
| Tax % | 25% | 23% | 24% | 24% | 25% | 24% | 25% | 15% | 25% |
| Net Profit + | 886 | 209 | 291 | 808 | 721 | 721 | 733 | 55 | 1,063 |
| EPS in Rs | 5.50 | 1.30 | 1.80 | 5.02 | 4.48 | 4.48 | 4.55 | 0.34 | 6.60 |
| Gross NPA % | 7.25% | 7.19% | 7.15% | 4.87% | 6.76% | 7.32% | 7.02% | 3.84% | 4.23% |
| Net NPA % | 1.92% | 1.86% | 1.86% | 1.17% | 2.18% | 2.32% | 2.21% | 1.11% | 1.15% |
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CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM/1 Year |
|---|---|---|---|---|
| Compounded Sales Growth | % | 23% | 15% | 21% |
| Compounded Profit Growth | % | 3% | 0% | 27% |
| Stock Price CAGR | % | -15% | -11% | -14% |
| Return on Equity | % | 11% | 8% | 11% |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters + | 82.28% | 82.26% | 60.95% | 39.99% | 39.99% | 39.99% | 39.98% | 39.98% |
| FIIs + | 9.61% | 5.56% | 13.05% | 34.91% | 34.31% | 31.93% | 31.20% | 28.25% |
| DIIs + | 1.80% | 10.01% | 8.84% | 1.91% | 4.56% | 13.24% | 12.42% | 15.06% |
| Government + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.07% | 0.07% |
| Public + | 6.31% | 2.16% | 17.16% | 23.19% | 21.14% | 14.77% | 16.32% | 16.63% |
| No. of Shareholders | 4,42,555 | 1,98,498 | 3,09,077 | 4,71,877 | 4,58,163 | 5,28,876 | 7,24,153 | 7,58,715 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹243.57 | ₹290.71 | ₹319 |
| 2025 | ₹325 | ₹306 | ₹365 |
| 2026 | ₹372 | ₹350 | ₹418 |
| 2027 | ₹426 | ₹401 | ₹478 |
| 2028 | ₹488 | ₹459 | ₹548 |
| 2029 | ₹559 | ₹525 | ₹627 |
| 2030 | ₹640 | ₹602 | ₹719 |
| Month | Target |
| January | ₹325 |
| February | ₹332 |
| March | ₹339 |
| April | ₹328 |
| May | ₹317 |
| June | ₹306 |
| July | ₹318 |
| August | ₹331 |
| September | ₹344 |
| October | ₹351 |
| November | ₹358 |
| December | ₹365 |
| Month | Target |
| January | ₹372 |
| February | ₹379 |
| March | ₹387 |
| April | ₹374 |
| May | ₹362 |
| June | ₹350 |
| July | ₹364 |
| August | ₹379 |
| September | ₹394 |
| October | ₹402 |
| November | ₹410 |
| December | ₹418 |
| Month | Target |
| January | ₹426 |
| February | ₹435 |
| March | ₹444 |
| April | ₹429 |
| May | ₹415 |
| June | ₹401 |
| July | ₹417 |
| August | ₹434 |
| September | ₹451 |
| October | ₹460 |
| November | ₹469 |
| December | ₹478 |
| Month | Target |
| January | ₹488 |
| February | ₹498 |
| March | ₹508 |
| April | ₹491 |
| May | ₹475 |
| June | ₹459 |
| July | ₹477 |
| August | ₹496 |
| September | ₹516 |
| October | ₹526 |
| November | ₹537 |
| December | ₹548 |
| Month | Target |
| January | ₹559 |
| February | ₹570 |
| March | ₹581 |
| April | ₹562 |
| May | ₹543 |
| June | ₹525 |
| July | ₹546 |
| August | ₹568 |
| September | ₹591 |
| October | ₹603 |
| November | ₹615 |
| December | ₹627 |
| Month | Target |
| January | ₹640 |
| February | ₹653 |
| March | ₹666 |
| April | ₹644 |
| May | ₹623 |
| June | ₹602 |
| July | ₹626 |
| August | ₹651 |
| September | ₹677 |
| October | ₹691 |
| November | ₹705 |
| December | ₹719 |
Official Website –bandhanbank.com