Bandhan Bank Limited

NSEI:BANDHANBNK Stock Report

Market Cap: ₹224.5b

Bandhan Bank Valuation

Is BANDHANBNK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BANDHANBNK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹152.24
Fair Value
8.4% undervalued intrinsic discount
25
Number of Analysts

Below Fair Value: BANDHANBNK (₹139.38) is trading below our estimate of fair value (₹152.24)

Significantly Below Fair Value: BANDHANBNK is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BANDHANBNK?

Key metric: As BANDHANBNK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BANDHANBNK. This is calculated by dividing BANDHANBNK's market cap by their current earnings.
What is BANDHANBNK's PE Ratio?
PE Ratio9x
Earnings₹24.82b
Market Cap₹224.54b

Price to Earnings Ratio vs Peers

How does BANDHANBNK's PE Ratio compare to its peers?

The above table shows the PE ratio for BANDHANBNK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.5x
AUBANK AU Small Finance Bank
20.3x22.4%₹400.2b
UJJIVANSFB Ujjivan Small Finance Bank
6.4x16.7%₹62.6b
CSBBANK CSB Bank
9x20.2%₹49.7b
CAPITALSFB Capital Small Finance Bank
10.2x26.0%₹12.8b
BANDHANBNK Bandhan Bank
9x18.3%₹224.5b

Price-To-Earnings vs Peers: BANDHANBNK is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

How does BANDHANBNK's PE Ratio compare vs other companies in the IN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
BANDHANBNK 9.0xIndustry Avg. 10.1xNo. of Companies10PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BANDHANBNK is good value based on its Price-To-Earnings Ratio (9x) compared to the Indian Banks industry average (10.1x).

Price to Earnings Ratio vs Fair Ratio

What is BANDHANBNK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BANDHANBNK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio10.1x

Price-To-Earnings vs Fair Ratio: BANDHANBNK is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (10.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BANDHANBNK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹139.38
₹178.76
+28.3%
14.0%₹225.00₹128.00n/a25
Feb ’26₹151.39
₹186.20
+23.0%
16.6%₹250.00₹128.00n/a25
Jan ’26₹159.93
₹207.64
+29.8%
14.5%₹250.00₹147.00n/a25
Dec ’25₹169.08
₹207.64
+22.8%
14.5%₹250.00₹147.00n/a25
Nov ’25₹183.65
₹209.58
+14.1%
14.6%₹250.00₹147.00n/a24
Oct ’25₹195.28
₹219.71
+12.5%
14.8%₹295.00₹159.00n/a24
Sep ’25₹200.30
₹219.29
+9.5%
14.8%₹295.00₹159.00n/a24
Aug ’25₹213.71
₹218.29
+2.1%
15.1%₹295.00₹159.00n/a24
Jul ’25₹205.86
₹210.43
+2.2%
17.3%₹280.00₹157.00n/a23
Jun ’25₹188.30
₹210.48
+11.8%
17.4%₹280.00₹157.00n/a23
May ’25₹188.30
₹223.32
+18.6%
17.3%₹280.00₹170.00n/a22
Apr ’25₹187.85
₹250.71
+33.5%
12.0%₹295.00₹164.00n/a24
Mar ’25₹199.85
₹255.29
+27.7%
13.8%₹340.00₹164.00n/a24
Feb ’25₹225.65
₹269.09
+19.2%
15.1%₹325.00₹150.00₹151.3923
Jan ’25₹244.10
₹269.22
+10.3%
15.5%₹325.00₹150.00₹159.9323
Dec ’24₹226.25
₹268.74
+18.8%
15.5%₹325.00₹150.00₹169.0823
Nov ’24₹213.50
₹268.74
+25.9%
15.5%₹325.00₹150.00₹183.6523
Oct ’24₹251.60
₹274.70
+9.2%
15.0%₹330.00₹155.00₹195.2823
Sep ’24₹235.10
₹274.70
+16.8%
15.0%₹330.00₹155.00₹200.3023
Aug ’24₹227.80
₹275.64
+21.0%
15.7%₹345.00₹155.00₹213.7122
Jul ’24₹242.05
₹297.00
+22.7%
16.1%₹370.00₹155.00₹205.8622
Jun ’24₹268.35
₹296.32
+10.4%
16.0%₹370.00₹155.00₹188.3022
May ’24₹229.30
₹296.48
+29.3%
18.0%₹370.00₹155.00₹188.3021
Apr ’24₹195.75
₹302.36
+54.5%
16.8%₹370.00₹155.00₹187.8522
Mar ’24₹235.15
₹305.96
+30.1%
16.5%₹370.00₹155.00₹199.8523
Feb ’24₹237.05
₹305.96
+29.1%
16.5%₹370.00₹155.00₹225.6523
Analyst Price Target
Consensus Narrative from 25 Analysts
₹178.76
Fair Value
22.0% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 07:59
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 46 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Pankaj AgarwalAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited