Bandhan Bank Limited

NSEI:BANDHANBNK Stock Report

Market Cap: ₹325.0b

Bandhan Bank Future Growth

Future criteria checks 5/6

Bandhan Bank is forecast to grow earnings and revenue by 26.2% and 23.3% per annum respectively. EPS is expected to grow by 34.6% per annum. Return on equity is forecast to be 12.5% in 3 years.

Key information

26.2%

Earnings growth rate

34.61%

EPS growth rate

Banks earnings growth11.1%
Revenue growth rate23.3%
Future return on equity12.51%
Analyst coverage

Good

Last updated18 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 16

BANDHANBNK: Stable Profitability And Governance Changes Will Support Future Re Rating

Analysts have nudged their fair value estimate for Bandhan Bank up from ₹231 to ₹235, reflecting updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly lower discount rate in their valuation models. Analyst Commentary on Bandhan Bank Recent valuation work on Bandhan Bank centers on how consistently the bank can execute on its growth plans while managing risk and profitability.
Narrative Update • Jun 01

BANDHANBNK: Stable Profitability And Governance Updates Will Support Future Re Rating

Narrative Update on Bandhan Bank Analysts have kept the price target for Bandhan Bank steady at ₹231, citing only minor tweaks to assumptions such as a small adjustment to the discount rate and slightly different views on future revenue growth, profit margin and forward P/E, which together support an unchanged fair value view. Analyst Commentary Recent Street research on another financial stock, Bandwidth, offers a useful reference point for how bullish analysts think about valuation support, execution and growth optionality, even though it relates to a different sector than Bandhan Bank.
Narrative Update • May 03

BANDHANBNK: Firmer Profitability And Lower Risk Premium Will Support Re Rating

Analysts have adjusted their view on Bandhan Bank, with the fair value estimate moving from ₹212.78 to ₹231.00. They cite updated assumptions on discount rate, revenue growth, profit margin and future P/E that feed into the refreshed price target narrative.
Narrative Update • Apr 17

BANDHANBNK: Execution Quality And Governance Actions Will Shape Future Earnings Profile

Analysts have adjusted their fair value estimate for Bandhan Bank slightly lower from ₹166.25 to about ₹165.21, reflecting updated views on the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Analyst views around Bandhan Bank’s fair value move are mixed, with both upside possibilities and execution risks being weighed against the updated assumptions on discount rate, revenue growth, profit margin and future P/E.
Narrative Update • Apr 03

BANDHANBNK: Stable Earnings Framework And Governance Changes Will Support Future Execution Quality

Analysts have kept their price target for Bandhan Bank broadly unchanged at around ₹166, reflecting only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the largely unchanged ₹166 target as a sign that their core assumptions on valuation and earnings power still hold, even with tweaks to discount rate, revenue growth and profit margin inputs.
Narrative Update • Mar 20

BANDHANBNK: Steady Assumptions And Governance Moves Will Guide Future Execution Quality

Analysts have kept their Bandhan Bank fair value estimate broadly unchanged at ₹166.25, reflecting only marginal tweaks to the discount rate, growth and margin assumptions while maintaining a similar future P/E outlook. Analyst Commentary Analysts are using the ₹166.25 fair value estimate as a reference point to weigh Bandhan Bank's execution risks against its potential to deliver sustainable growth and returns.
Narrative Update • Mar 04

BANDHANBNK: Governance Decisions And Steady Assumptions Will Shape Future Execution Quality

Analysts have kept their fair value estimate for Bandhan Bank steady at ₹166.25, with only small tweaks to assumptions such as the discount rate, revenue growth, profit margin, and future P/E feeding into the updated price target narrative. Analyst Commentary Bullish Takeaways Bullish analysts view the steady fair value estimate of ₹166.25 as consistent with their broader constructive stance on the bank, seeing the current assumptions on discount rate, revenue growth, and profit margin as reasonable for the risk profile they are modeling.
Narrative Update • Feb 18

BANDHANBNK: Upcoming Governance Decisions Will Shape Execution And Earnings Quality Outlook

Narrative update on Bandhan Bank Analysts have trimmed their price target on Bandhan Bank from ₹171.88 to ₹166.25, reflecting updated assumptions around discount rates, revenue, profit margins and future P/E estimates. Analyst Commentary Recent Street research on Bandhan Bank points to a mix of optimism and caution around the updated price target of ₹166.25, with views centering on how execution, earnings quality and valuation line up from here.
Narrative Update • Feb 03

BANDHANBNK: Firmer Profit Margins Will Support Recovery And Re Rating

Analysts have trimmed their price target on Bandhan Bank from ₹219.63 to ₹212.78, reflecting updated views around slightly softer revenue growth assumptions, a marginally lower discount rate and a reduced future P/E multiple, partly offset by firmer profit margin expectations. Analyst Commentary Bullish analysts are focusing on how Bandhan Bank can still justify a relatively supportive valuation, even with slightly softer revenue growth assumptions and a reduced future P/E multiple.
Narrative Update • Jan 20

BANDHANBNK: December Shareholders Meeting Will Drive Fresh Upside Momentum

Analysts have trimmed their price target for Bandhan Bank to ₹171.88 from ₹177.96, reflecting slightly softer revenue growth assumptions, a modestly lower future P/E and a small adjustment to the discount rate, partly offset by a marginally higher projected profit margin. What's in the News Board meeting scheduled on Jan 22, 2026 to consider and approve the unaudited financial results for Q3 and the nine months ended Dec 31, 2025, which will provide the latest update on the bank's financials (company filing) Board meeting set for Nov 27, 2025 at 10:00 Indian Standard Time to review a proposal for the sale of identified non performing assets and written off portfolios through a bidding process with Asset Reconstruction Companies and other permitted transferees (company filing) Special or extraordinary shareholders meeting on Dec 11, 2025 via postal ballot in India to consider appointing Avijit Mukerji as a non executive non independent director and Gauri Prosad Sarma as an independent director (company filing) Valuation Changes Fair Value: The consensus fair value estimate has been revised from ₹177.96 to ₹171.88, a small downward adjustment.
Narrative Update • Jan 06

BANDHANBNK: Planned NPA Sale And Board Actions Will Support Recovery

Analysts have trimmed their price target for Bandhan Bank slightly to ₹219.63 from ₹219.92. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.
Narrative Update • Dec 15

BANDHANBNK: Future Asset Sale Plans Will Drive Confidence In Recovery

Narrative Update on Bandhan Bank Analysts have trimmed their price target on Bandhan Bank slightly to around ₹220 from approximately ₹225, reflecting a modestly higher perceived risk. This comes even as they factor in stronger revenue growth, improved profit margin expectations, and a lower future earnings multiple.
Narrative Update • Nov 30

BANDHANBNK: December Shareholders Meeting Will Drive Fresh Upside Momentum

Analysts have marginally raised their fair value estimate for Bandhan Bank from ₹177.95 to ₹177.96, citing slight adjustments in discount rate, revenue growth, profit margin, and forward price-to-earnings assumptions. What's in the News Board meeting scheduled for November 27, 2025, to review and approve the proposal for sale of identified Non-Performing Assets and written-off portfolios through bidding with Asset Reconstruction Companies or permitted transferees (Key Developments).
Narrative Update • Nov 16

BANDHANBNK: Special Shareholders Meeting In December Will Drive Renewed Interest

Analysts have revised Bandhan Bank’s fair value estimate downward from ₹188.37 to ₹177.95, citing adjustments to growth projections and risk assessments. What's in the News Bandhan Bank will hold a Special or Extraordinary Shareholders Meeting on December 11, 2025, via postal ballot in India (Key Developments).
Narrative Update • Oct 31

BANDHANBNK: Rising Profit Margins And Upcoming Results Will Drive Future Strength

The analyst price target for Bandhan Bank has been revised downward by approximately ₹4 to ₹188.37. Analysts cited slightly lower revenue growth expectations, even though stronger projected profit margins are anticipated.
Analysis Article • Jul 15

Bandhan Bank's (NSE:BANDHANBNK) Dividend Will Be ₹1.50

Bandhan Bank Limited ( NSE:BANDHANBNK ) will pay a dividend of ₹1.50 on the 20th of September. This payment means the...
Analysis Article • Jul 01

Bandhan Bank (NSE:BANDHANBNK) Is Due To Pay A Dividend Of ₹1.50

Bandhan Bank Limited ( NSE:BANDHANBNK ) has announced that it will pay a dividend of ₹1.50 per share on the 20th of...
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New Narrative • Dec 27

Partha Pratim Sengupta's Vision And AI Innovation To Boost Bank's Future Earnings

Strategic leadership and focus on secured loans, digital initiatives, and regional diversification are set to drive growth and stabilize margins.
Analysis Article • Jul 30

Bandhan Bank (NSE:BANDHANBNK) Has Affirmed Its Dividend Of ₹1.50

Bandhan Bank Limited's ( NSE:BANDHANBNK ) investors are due to receive a payment of ₹1.50 per share on 19th of...

Earnings and Revenue Growth Forecasts

NSEI:BANDHANBNK - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029203,87341,658N/AN/A10
3/31/2028177,34834,938N/AN/A21
3/31/2027154,68827,678N/AN/A21
3/31/202694,32612,236-145,180-139,894N/A
12/31/202578,60710,073N/AN/AN/A
9/30/202581,86112,282-187,065-183,917N/A
6/30/2025100,18420,538N/AN/AN/A
3/31/202598,13827,453-135,463-132,582N/A
12/31/2024102,82524,820N/AN/AN/A
9/30/2024101,18927,882-204,999-200,288N/A
6/30/202495,29625,720N/AN/AN/A
3/31/202480,80322,296-128,863-123,289N/A
12/31/202393,73829,832N/AN/AN/A
9/30/202385,59525,411-106,531-101,354N/A
6/30/202376,01720,292N/AN/AN/A
3/31/202375,29821,946-163,908-159,787N/A
12/31/202286,71132,887N/AN/AN/A
9/30/202291,27038,571-192,297-189,879N/A
6/30/202245,8376,392N/AN/AN/A
3/31/202236,5221,258-176,681-174,562N/A
12/31/202111,026-16,735N/AN/AN/A
9/30/20216,275-18,999-134,705-132,553N/A
6/30/202156,89120,287N/AN/AN/A
3/31/202157,65522,055-220,224-217,999N/A
12/31/202061,68726,197N/AN/AN/A
9/30/202062,15527,182-126,428-125,035N/A
6/30/202060,49027,699N/AN/AN/A
3/31/202064,80030,237-58,140-57,108N/A
12/31/201966,19131,573N/AN/AN/A
9/30/201959,96527,576N/A-26,035N/A
6/30/201952,53421,709N/AN/AN/A
3/31/201948,23319,515N/A-66,672N/A
12/31/201842,89716,885N/AN/AN/A
9/30/201840,76716,573N/AN/AN/A
6/30/201837,22215,007N/AN/AN/A
3/31/201833,64213,456N/A-132,391N/A
12/31/201731,89212,801N/A-47,455N/A
3/31/201727,26511,120N/A-22,547N/A
3/31/201610,2942,752N/A-51,392N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BANDHANBNK's forecast earnings growth (26.2% per year) is above the savings rate (6.9%).

Earnings vs Market: BANDHANBNK's earnings (26.2% per year) are forecast to grow faster than the Indian market (16.1% per year).

High Growth Earnings: BANDHANBNK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BANDHANBNK's revenue (23.3% per year) is forecast to grow faster than the Indian market (10.9% per year).

High Growth Revenue: BANDHANBNK's revenue (23.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BANDHANBNK's Return on Equity is forecast to be low in 3 years time (12.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/29 11:47
End of Day Share Price 2026/06/29 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bandhan Bank Limited is covered by 39 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jignesh ShialAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Jayant KharoteAxis Capital Limited