Indian Bank Future Growth

Future criteria checks 2/6

Indian Bank is forecast to grow earnings and revenue by 11.2% and 15.4% per annum respectively. EPS is expected to grow by 9.2% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

11.2%

Earnings growth rate

9.2%

EPS growth rate

Banks earnings growth	10.7%
Revenue growth rate	15.4%
Future return on equity	15.0%
Analyst coverage	Good
Last updated	12 Apr 2024

Recent future growth updates

Recent updates

We Ran A Stock Scan For Earnings Growth And Indian Bank (NSE:INDIANB) Passed With Ease

Jan 24

We Ran A Stock Scan For Earnings Growth And Indian Bank (NSE:INDIANB) Passed With Ease

Sep 12

Indian Bank's (NSE:INDIANB) Shareholders Will Receive A Bigger Dividend Than Last Year

May 28

Indian Bank's (NSE:INDIANB) Upcoming Dividend Will Be Larger Than Last Year's

May 12

If EPS Growth Is Important To You, Indian Bank (NSE:INDIANB) Presents An Opportunity

May 10

Earnings and Revenue Growth Forecasts

NSEI:INDIANB - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	367,511	98,432	N/A	N/A	8
3/31/2025	336,141	90,966	N/A	N/A	8
3/31/2024	308,558	80,287	N/A	N/A	9
12/31/2023	238,814	76,435	N/A	N/A	N/A
9/30/2023	222,100	68,920	-619,509	-614,256	N/A
6/30/2023	204,622	61,109	N/A	N/A	N/A
3/31/2023	186,880	55,723	-557,807	-554,463	N/A
12/31/2022	176,447	50,770	N/A	N/A	N/A
9/30/2022	163,559	43,544	-563,676	-560,742	N/A
6/30/2022	153,006	41,931	N/A	N/A	N/A
3/31/2022	146,068	41,418	-271,138	-267,907	N/A
12/31/2021	139,484	48,429	N/A	N/A	N/A
9/30/2021	138,713	46,462	-171,079	-165,963	N/A
6/30/2021	138,986	39,780	N/A	N/A	N/A
3/31/2021	137,059	31,492	-328,552	-322,948	N/A
12/31/2020	112,783	11,566	N/A	N/A	N/A
9/30/2020	92,000	9,127	-211,457	-208,274	N/A
6/30/2020	72,935	8,975	N/A	N/A	N/A
3/31/2020	58,102	8,613	-267,989	-265,398	N/A
12/31/2019	55,446	9,387	N/A	N/A	N/A
9/30/2019	53,177	8,196	-305,844	-302,887	N/A
6/30/2019	47,798	5,486	N/A	N/A	N/A
3/31/2019	43,115	3,801	-276,928	-274,363	N/A
3/31/2018	47,555	13,105	-296,807	-294,576	N/A
3/31/2017	51,292	14,531	N/A	-150,350	N/A
3/31/2016	41,606	7,513	N/A	-99,855	N/A
3/31/2015	43,034	10,488	N/A	-18,133	N/A
3/31/2014	43,143	11,630	N/A	-210,124	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDIANB's forecast earnings growth (11.2% per year) is above the savings rate (6.7%).

Earnings vs Market: INDIANB's earnings (11.2% per year) are forecast to grow slower than the Indian market (17.3% per year).

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

Revenue vs Market: INDIANB's revenue (15.4% per year) is forecast to grow faster than the Indian market (9.9% per year).

High Growth Revenue: INDIANB's revenue (15.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INDIANB's Return on Equity is forecast to be low in 3 years time (15%).

Indian Bank Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 8.0% to ₹509

Price target increased by 8.7% to ₹445

Price target increased by 7.2% to ₹421

Price target increased by 7.3% to ₹376

Price target increased to ₹284

Price target increased to ₹269

Recent updates

Indian Bank Announces Change in Assignment of Ganesaraman A from Chief General Manager-Field General Manager, Hyderabad to CGM-CDO & CLO, (HRM & HRD)

Indian Bank Announces Appoints Brajesh Kumar Singh as Executive Director

Indian Bank Appoints Shri Pradeep Kumar Malhotra as Shareholder Director on the Board of the Bank

Indian Bank Ceases Bharath Krishna Sankar as Shareholder Director

Investor sentiment improves as stock rises 19%

Now 20% overvalued after recent price rise

Price target increased by 8.0% to ₹509

Third quarter 2024 earnings released: EPS: ₹17.46 (vs ₹11.68 in 3Q 2023)

We Ran A Stock Scan For Earnings Growth And Indian Bank (NSE:INDIANB) Passed With Ease

Indian Bank to Report Q3, 2024 Results on Jan 24, 2024

New minor risk - Shareholder dilution

Indian Bank has filed a Follow-on Equity Offering.

Price target increased by 8.7% to ₹445

Second quarter 2024 earnings released: EPS: ₹16.61 (vs ₹10.34 in 2Q 2023)

Indian Bank to Report Q2, 2024 Results on Oct 26, 2023

Price target increased by 7.2% to ₹421

Indian Bank Appoints Shri Shiv Bajrang Singh as Executive Director

We Ran A Stock Scan For Earnings Growth And Indian Bank (NSE:INDIANB) Passed With Ease

Price target increased by 7.3% to ₹376

First quarter 2024 earnings released: EPS: ₹14.85 (vs ₹10.53 in 1Q 2023)

Indian Bank to Report Q1, 2024 Results on Jul 27, 2023

Indian Bank Announces Board Changes

Upcoming dividend of ₹8.60 per share at 3.0% yield

Indian Bank's (NSE:INDIANB) Shareholders Will Receive A Bigger Dividend Than Last Year

Indian Bank's (NSE:INDIANB) Upcoming Dividend Will Be Larger Than Last Year's

Indian Bank, Annual General Meeting, Jun 19, 2023

If EPS Growth Is Important To You, Indian Bank (NSE:INDIANB) Presents An Opportunity

Indian Bank Recommends Dividend for the Financial Year 2023

Full year 2023 earnings released

Indian Bank Appoints Shri Ashutosh Choudhury as Executive Director

Third quarter 2023 earnings released: EPS: ₹11.68 (vs ₹5.87 in 3Q 2022)

Indian Bank to Report Q3, 2023 Results on Jan 25, 2023

Indian Bank Appoints Mahesh Kumar Bajaj as Executive Director

Price target increased to ₹284

Less than half of directors are independent

Price target increased to ₹269

Second quarter 2023 earnings released: EPS: ₹10.34 (vs ₹9.04 in 2Q 2022)

Indian Bank to Report Q2, 2023 Results on Nov 03, 2022

Investor sentiment improved over the past week

Indian Bank Announces Change in Directorate

Price target increased to ₹203

First quarter 2023 earnings released: EPS: ₹10.53 (vs ₹11.08 in 1Q 2022)

Indian Bank to Report Q1, 2023 Results on Jul 30, 2022

Indian Bank Approves Dividend for the Financial Year 2021-2022

Investor sentiment improved over the past week

Should You Be Adding Indian Bank (NSE:INDIANB) To Your Watchlist Today?

Upcoming dividend of ₹6.50 per share

Indian Bank, Annual General Meeting, Jun 22, 2022

Full year 2022 earnings released: EPS: ₹33.99 (vs ₹27.88 in FY 2021)

Indian Bank Recommends Dividend for the Financial Year 2022, Payable on June 15, 2022

Indian Bank to Report Q4, 2022 Results on May 11, 2022

Less than half of directors are independent

Indian Bank Announces Retirement of Shri V. V. Shenov as Executive Director

Indian Bank Announces Change of Chief Financial Officer

Investor sentiment improved over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Indian Bank to Report Q3, 2022 Results on Feb 07, 2022

Second quarter 2022 earnings released: EPS ₹9.04 (vs ₹4.05 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Price target increased to ₹183

First quarter 2022 earnings released: EPS ₹11.08 (vs ₹3.82 in 1Q 2021)

Upcoming dividend of ₹2.00 per share

Executive Director Ramachandran Krishnaswamy has left the company

Full year 2021 earnings released: EPS ₹27.88 (vs ₹16.38 in FY 2020)

Here's Why I Think Indian Bank (NSE:INDIANB) Is An Interesting Stock

Full year 2021 earnings released: EPS ₹27.88 (vs ₹16.38 in FY 2020)

Indian Bank Recommends Dividend for the Financial Year 2020-21

Investor sentiment improved over the past week