NSEI:BANDHANBNK

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Executive Summary

Bandhan Bank Limited provides commercial banking services in India.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Bandhan Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BANDHANBNK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.7%

BANDHANBNK

1.9%

IN Banks

1.1%

IN Market


1 Year Return

-33.2%

BANDHANBNK

-29.6%

IN Banks

-6.0%

IN Market

Return vs Industry: BANDHANBNK underperformed the Indian Banks industry which returned -29.6% over the past year.

Return vs Market: BANDHANBNK underperformed the Indian Market which returned -6% over the past year.


Shareholder returns

BANDHANBNKIndustryMarket
7 Day7.7%1.9%1.1%
30 Day39.8%8.0%6.2%
90 Day94.5%16.2%18.2%
1 Year-33.2%-33.2%-29.5%-29.6%-4.1%-6.0%
3 Yearn/a-31.4%-32.0%0.2%-4.5%
5 Yearn/a-16.4%-18.1%24.5%14.9%

Price Volatility Vs. Market

How volatile is Bandhan Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bandhan Bank undervalued compared to its fair value and its price relative to the market?

19.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BANDHANBNK (₹373.95) is trading above our estimate of fair value (₹111.32)

Significantly Below Fair Value: BANDHANBNK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BANDHANBNK is poor value based on its PE Ratio (19.9x) compared to the IN Banks industry average (17.3x).

PE vs Market: BANDHANBNK is poor value based on its PE Ratio (19.9x) compared to the Indian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: BANDHANBNK is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: BANDHANBNK is overvalued based on its PB Ratio (4x) compared to the IN Banks industry average (0.7x).


Next Steps

Future Growth

How is Bandhan Bank forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BANDHANBNK's forecast earnings growth (13% per year) is above the savings rate (7.2%).

Earnings vs Market: BANDHANBNK's earnings (13% per year) are forecast to grow slower than the Indian market (18.9% per year).

High Growth Earnings: BANDHANBNK's earnings are forecast to grow, but not significantly.

Revenue vs Market: BANDHANBNK's revenue (21.5% per year) is forecast to grow faster than the Indian market (7.3% per year).

High Growth Revenue: BANDHANBNK's revenue (21.5% 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 high in 3 years time (23.3%)


Next Steps

Past Performance

How has Bandhan Bank performed over the past 5 years?

36.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANDHANBNK has a high level of non-cash earnings.

Growing Profit Margin: BANDHANBNK's current net profit margins (46.7%) are higher than last year (40.5%).


Past Earnings Growth Analysis

Earnings Trend: BANDHANBNK's earnings have grown significantly by 36.7% per year over the past 5 years.

Accelerating Growth: BANDHANBNK's earnings growth over the past year (54.8%) exceeds its 5-year average (36.7% per year).

Earnings vs Industry: BANDHANBNK earnings growth over the past year (54.8%) exceeded the Banks industry 19.9%.


Return on Equity

High ROE: BANDHANBNK's Return on Equity (19.9%) is considered low.


Next Steps

Financial Health

How is Bandhan Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BANDHANBNK's Assets to Equity ratio (6x) is low.

Allowance for Bad Loans: Insufficient data to determine if BANDHANBNK has a sufficient allowance for bad loans.

Low Risk Liabilities: 75% of BANDHANBNK's liabilities are made up of primarily low risk sources of funding.

Loan Level: BANDHANBNK has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: BANDHANBNK's Loans to Deposits ratio (117%) is appropriate.

Level of Bad Loans: BANDHANBNK has an appropriate level of bad loans (1.5%).


Next Steps

Dividend

What is Bandhan Bank current dividend yield, its reliability and sustainability?

1.01%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BANDHANBNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BANDHANBNK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BANDHANBNK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BANDHANBNK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BANDHANBNK is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BANDHANBNK's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Chandra Ghosh (60yo)

5yrs

Tenure

₹20,447,379

Compensation

Mr. Chandra Shekhar Ghosh Founder of Bandhan Bank Ltd. in July 10, 2015 and has been its CEO, Director and Managing Director since July 10, 2015. Mr. Ghosh served as the Chairman of the Board and Managing ...


CEO Compensation Analysis

Compensation vs Market: Chandra's total compensation ($USD272.03K) is below average for companies of similar size in the Indian market ($USD1.11M).

Compensation vs Earnings: Chandra's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chandra Ghosh
Founder5yrs₹20.45m0.095% 570.1m
Sunil Samdani
Chief Financial Officer4.25yrsno data0.0019% 11.3m
Ronti Kar
Head of IT Applicationsno datano datano data
Santanu Banerjee
Head of Human Resourcesno datano data0.00043% 2.6m
Subhro Gupta
Chief Audit Executiveno datano datano data
Dibakar Ghosh
Head of IT Operations - System & Networking4.25yrsno datano data
Deepankar Bose
Head of Corporate Centre2.5yrsno datano data
Arvind Kanagasabai
Head of Treasuryno datano datano data
Hiren Shah
Senior VP & Head of Investor Relationsno datano datano data
Srinivasan Balachander
Chief Compliance Officerno datano datano data

4.3yrs

Average Tenure

52yo

Average Age

Experienced Management: BANDHANBNK's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chandra Ghosh
Founder5yrs₹20.45m0.095% 570.1m
Sisir Chakrabarti
Independent Director5.58yrs₹2.00mno data
Harun Khan
Independent Director2.33yrs₹1.28mno data
Anup Sinha
Non-Executive Independent Chairman1.5yrs₹861.29kno data
Ranodeb Roy
Non-Executive Non-Independent Director4yrs₹1.28mno data
Snehomoy Bhattacharya
Independent Director5yrs₹1.68mno data
Holger Michaelis
Nominee Director4.42yrs₹625.00kno data
Thekedathumadam Subramani Gain
Independent Director4.92yrs₹1.20mno data
Bhaskar Sen
Independent Director5.25yrs₹2.44mno data
Allamraju Ramasastri
independent Non–Executive Director1.92yrs₹750.00kno data

4.7yrs

Average Tenure

64yo

Average Age

Experienced Board: BANDHANBNK's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BANDHANBNK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35%.


Top Shareholders

Company Information

Bandhan Bank Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bandhan Bank Limited
  • Ticker: BANDHANBNK
  • Exchange: NSEI
  • Founded: 2001
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: ₹602.164b
  • Shares outstanding: 1.61b
  • Website: https://www.bandhanbank.com

Number of Employees


Location

  • Bandhan Bank Limited
  • Adventz Infinity@5
  • Floors 12-14
  • Kolkata
  • West Bengal
  • 700091
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541153BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2018
BANDHANBNKNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2018

Biography

Bandhan Bank Limited provides commercial banking services in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. The company offers savings and current accounts, as well as fixed deposits. It also provides retail loans, such as home loans, two wheeler loans, and loans against property and term deposits, as well as personal and gold loans; MSME loans, including business, equipment, commercial vehicle, working capital, and term loans; small enterprise loans; microloans for home-based businesses; and agriculture loans. In addition, the company invests in sovereign securities and trading operations; offers liability products, card services, Internet and mobile banking, ATM, and NRI services; and distributes third party products. Bandhan Bank operates 1,013 bank branches, 3,084 doorstep service centers, 195 GRUH centers, and 485 ATMs. The company was founded in 2001 and is headquartered in Kolkata, India. Bandhan Bank Limited is a subsidiary of Bandhan Financial Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 12:36
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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 here.