RBL Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – RBL Bank is a private sector bank in India, which has expanded its presence throughout the country. The bank provides distinctive services in five business verticals: Corporate banking, Commercial banking, Branch & Business banking, Retail assets, and treasury & financial markets operations.
Latest Update – Private sector lender RBL Bank reported a 29 percent increase in net profit, amounting to Rs 372 crore for the June quarter on Saturday. The bank’s core net interest income rose 20 percent to reach 1,700 crore driven by a 19 percent rise in advances. In addition, its net interest margin stood at 5.67 percent.
RBL Bank Overview
Contents
RBL Bank was set up in 1943. Its new management team took charge in 2010. After a solid foundation had been put in place, such as a good governance system, relationships, technology infrastructure, quality capital and geographical expansion, the bank commenced its aggressive growth strategy.
| Company Name | RBL Bank |
| Listed at | NSE & BSE |
| Head Office | One World Center, Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013. |
| Board Of Directors |
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| Official Website | rblbank.com |
RBL Business Profile
The bank has 388 ATM machines and 538 branches of the network; this means that there are also around 1200 business correspondent branches in India. It covers 500 districts and serves 18,000 pin codes.
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Customer Base
The bank has more than 1.4Cr customers across services. A total of over 6lakhs were acquired in the third quarter of fiscal year 2024.
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Loan Book
58% of loan book consists of retail loans the rest 42% consists of wholesale loans
Corporate and Institutional Banking (C&IB) – 31%
Commercial Banking – 11%
Business loans – 9%
Credit Cards – 20%
Personal Loans – 4%
Microfinance – 9%
Housing Loan – 8%
Rural vehicle Finance – 2%
Retail Agri – 2%
Others – 4%
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Exposure
The Bank’s diversified wholesale loan books have very low exposure to any single industry. Top industries by exposure include NBFCs (5.1%), Power (3.9%), Construction (3.5%), Retail/Distribution (3.1%), Engineering (2.3%), Pharma (2.1%), Metals (1.8%), Auto (1.7%), Professional Services (1.4%) and Cement (1.4%).[8]The highest bank’s retail loans are in Credit cards (34%), Business Loan (16%), Micro-Banking (15%), Housing Loans (13%), Personal Loans (8%).
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RBL Bank Fundamentals & Quarterly Results
| Market Cap | ₹ 15,263 Cr. |
| Current Price | ₹ 252 |
| High / Low | ₹ 301 / ₹ 144 |
| Stock P/E | 13.0 |
| Book Value | ₹ 226 |
| Dividend Yield | 0.59 % |
| ROCE | 6.80 % |
| ROE | 8.60 % |
| Face Value | ₹ 10.0 |
| Debt to equity | 7.23 |
| Debt Capacity | -3.87 |
| Debt preceding year | ₹ 98,218 Cr. |
| Debt | ₹ 98,218 Cr. |
| Reserves | ₹ 12,977 Cr. |
| EPS | ₹ 19.3 |
| EPS last year | ₹ 19.3 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ -11,267 Cr. |
| EVEBITDA | 13.8 |
| Industry PE | 12.2 |
| PEG Ratio | 2.12 |
| Piotroski score | 5.00 |
| Earnings yield | 7.25 % |
| Sales growth 5Years | 14.5 % |
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RBL Bank Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,044 | 2,131 | 2,089 | 2,286 | 2,498 | 2,642 | 2,856 | 3,008 | 3,191 | 3,339 |
| Interest | 1,034 | 1,000 | 1,062 | 1,111 | 1,220 | 1,285 | 1,434 | 1,533 | 1,646 | 1,739 |
| Expenses + | 1,386 | 1,386 | 1,365 | 1,487 | 1,621 | 1,672 | 1,726 | 2,089 | 2,016 | 2,002 |
| Financing Profit | -376 | -255 | -337 | -312 | -344 | -315 | -304 | -614 | -470 | -402 |
| Financing Margin % | -18% | -12% | -16% | -14% | -14% | -12% | -11% | -20% | -15% | -12% |
| Other Income + | 583 | 511 | 614 | 583 | 618 | 674 | 685 | 704 | 778 | 875 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 207 | 257 | 276 | 271 | 274 | 359 | 381 | 91 | 307 | 473 |
| Tax % | 25% | 23% | 27% | 26% | 24% | 25% | 24% | -224% | 24% | 25% |
| Net Profit + | 156 | 198 | 201 | 202 | 209 | 271 | 288 | 294 | 233 | 353 |
| EPS in Rs | 2.60 | 3.30 | 3.36 | 3.36 | 3.49 | 4.52 | 4.80 | 4.89 | 3.87 | 5.83 |
| Gross NPA % | 4.84% | 4.40% | 4.08% | 3.80% | 3.61% | 3.37% | 3.22% | 3.12% | 3.12% | 2.65% |
| Net NPA % | 1.85% | 1.34% | 1.16% | 1.26% | 1.18% | 1.10% | 1.00% | 0.78% | 0.80% | 0.74% |
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CAGR Report
Compounded Sales Growth:
| Period | Growth Rate |
|---|---|
| 10 Years | 25% |
| 5 Years | 14% |
| 3 Years | 14% |
| TTM | 36% |
Compounded Profit Growth:
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| Period | Growth Rate |
|---|---|
| 10 Years | 29% |
| 5 Years | 6% |
| 3 Years | 32% |
| TTM | 32% |
Stock Price CAGR:
| Period | CAGR |
|---|---|
| 10 Years | – |
| 5 Years | -18% |
| 3 Years | 6% |
| 1 Year | 73% |
Return on Equity:
| Period | ROE |
|---|---|
| 10 Years | 7% |
| 5 Years | 5% |
| 3 Years | 5% |
| Last Year | 9% |
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| Shareholder Type | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| FIIs + | 11.84% | 18.93% | 22.15% | 28.35% | 34.25% | 30.59% | 24.66% | 25.14% |
| DIIs + | 9.71% | 13.54% | 21.27% | 27.22% | 22.74% | 19.05% | 19.77% | 20.12% |
| Government + | 0.01% | 0.03% | 0.15% | 0.43% | 0.36% | 0.36% | 0.42% | 0.42% |
| Public + | 78.44% | 67.50% | 56.42% | 44.01% | 42.64% | 50.00% | 55.14% | 54.32% |
| No. of Shareholders | 1,65,802 | 1,93,760 | 1,64,007 | 2,08,045 | 3,22,472 | 4,67,415 | 4,04,438 | 3,58,110 |
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2024 | ₹296 | ₹322 |
| 2025 | ₹357 | ₹429 |
| 2026 | ₹422 | ₹600 |
| 2027 | ₹485 | ₹794 |
| 2028 | ₹546 | ₹1,006 |
| 2029 | ₹607 | ₹1,134 |
| 2030 | ₹669 | ₹1,307 |
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| 2025 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹298 | ₹321 |
| February | ₹309 | ₹333 |
| March | ₹307 | ₹339 |
| April | ₹318 | ₹357 |
| May | ₹330 | ₹367 |
| June | ₹342 | ₹381 |
| July | ₹324 | ₹371 |
| August | ₹330 | ₹386 |
| September | ₹318 | ₹385 |
| October | ₹327 | ₹394 |
| November | ₹350 | ₹421 |
| December | ₹357 | ₹429 |
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| 2026 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹362 | ₹448 |
| February | ₹374 | ₹464 |
| March | ₹372 | ₹471 |
| April | ₹381 | ₹499 |
| May | ₹392 | ₹503 |
| June | ₹407 | ₹534 |
| July | ₹386 | ₹525 |
| August | ₹395 | ₹551 |
| September | ₹380 | ₹527 |
| October | ₹390 | ₹550 |
| November | ₹414 | ₹582 |
| December | ₹422 | ₹600 |
| 2027 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹428 | ₹612 |
| February | ₹436 | ₹622 |
| March | ₹434 | ₹650 |
| April | ₹443 | ₹658 |
| May | ₹457 | ₹688 |
| June | ₹468 | ₹698 |
| July | ₹451 | ₹701 |
| August | ₹459 | ₹724 |
| September | ₹445 | ₹710 |
| October | ₹452 | ₹726 |
| November | ₹478 | ₹765 |
| December | ₹485 | ₹794 |
| 2028 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹490 | ₹806 |
| February | ₹502 | ₹819 |
| March | ₹498 | ₹842 |
| April | ₹507 | ₹853 |
| May | ₹521 | ₹889 |
| June | ₹533 | ₹903 |
| July | ₹513 | ₹883 |
| August | ₹521 | ₹923 |
| September | ₹506 | ₹914.47 |
| October | ₹521 | ₹934 |
| November | ₹543 | ₹975 |
| December | ₹546 | ₹1,006 |
| 2028 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹550 | ₹1030 |
| February | ₹545 | ₹1019 |
| March | ₹530 | ₹1042 |
| April | ₹537 | ₹1053 |
| May | ₹541 | ₹1079 |
| June | ₹553 | ₹1067 |
| July | ₹563 | ₹1073 |
| August | ₹571 | ₹1083 |
| September | ₹586 | ₹1094 |
| October | ₹591 | ₹1114 |
| November | ₹599 | ₹1125 |
| December | ₹607 | ₹1134 |
| 2028 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹620 | ₹1150 |
| February | ₹602 | ₹1159 |
| March | ₹598 | ₹1120 |
| April | ₹607 | ₹1143 |
| May | ₹621 | ₹1169 |
| June | ₹633 | ₹1183 |
| July | ₹643 | ₹1193 |
| August | ₹651 | ₹1212 |
| September | ₹646 | ₹1240 |
| October | ₹651 | ₹1270 |
| November | ₹660 | ₹1290 |
| December | 669 | 1307 |
Official Website – rblbank.com