Indian Bank

NSEI:INDIANB Stock Report

Market Cap: ₹714.4b

Indian Bank Valuation

Is INDIANB 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 INDIANB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INDIANB (₹531.6) is trading below our estimate of fair value (₹648.24)

Significantly Below Fair Value: INDIANB 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 INDIANB?

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

The above table shows the Price to Earnings ratio for INDIANB. This is calculated by dividing INDIANB's market cap by their current earnings.
What is INDIANB's PE Ratio?
PE Ratio7.3x
Earnings₹98.71b
Market Cap₹714.36b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for INDIANB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
INDUSINDBK IndusInd Bank
9.5x16.7%₹764.6b
UNIONBANK Union Bank of India
5.7x5.0%₹879.5b
IDBI IDBI Bank
12.2xn/a₹817.8b
YESBANK Yes Bank
33.6x35.2%₹599.7b
INDIANB Indian Bank
7.3x6.7%₹714.4b

Price-To-Earnings vs Peers: INDIANB is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does INDIANB'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
INDIANB 7.3xIndustry Avg. 9.6xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INDIANB is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Indian Banks industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is INDIANB'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.

INDIANB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio9.8x

Price-To-Earnings vs Fair Ratio: INDIANB is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).

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 INDIANB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹531.60
₹650.00
+22.3%
5.4%₹700.00₹580.00n/a11
Nov ’25₹585.30
₹650.00
+11.1%
5.4%₹700.00₹580.00n/a11
Oct ’25₹527.10
₹634.27
+20.3%
9.8%₹700.00₹514.00n/a11
Sep ’25₹567.30
₹634.27
+11.8%
9.8%₹700.00₹514.00n/a11
Aug ’25₹595.65
₹634.27
+6.5%
9.8%₹700.00₹514.00n/a11
Jul ’25₹545.00
₹599.20
+9.9%
9.4%₹650.00₹490.00n/a10
Jun ’25₹567.50
₹597.00
+5.2%
9.9%₹650.00₹490.00n/a9
May ’25₹548.25
₹537.33
-2.0%
8.6%₹600.00₹470.00n/a9
Apr ’25₹529.40
₹532.89
+0.7%
8.2%₹600.00₹470.00n/a9
Mar ’25₹526.15
₹518.38
-1.5%
8.8%₹600.00₹451.00n/a8
Feb ’25₹523.95
₹509.00
-2.9%
6.7%₹550.00₹451.00n/a8
Jan ’25₹422.00
₹471.50
+11.7%
11.0%₹550.00₹370.00n/a8
Dec ’24₹401.15
₹447.78
+11.6%
14.1%₹550.00₹323.00n/a9
Nov ’24₹431.00
₹445.44
+3.4%
14.2%₹550.00₹323.00₹585.309
Oct ’24₹423.55
₹398.56
-5.9%
15.7%₹550.00₹323.00₹527.109
Sep ’24₹377.10
₹392.38
+4.1%
7.6%₹430.00₹330.00₹567.308
Aug ’24₹347.40
₹388.63
+11.9%
6.9%₹425.00₹330.00₹595.658
Jul ’24₹292.55
₹350.13
+19.7%
4.6%₹375.00₹330.00₹545.008
Jun ’24₹274.90
₹350.13
+27.4%
4.6%₹375.00₹330.00₹567.508
May ’24₹322.40
₹342.38
+6.2%
3.9%₹375.00₹330.00₹548.258
Apr ’24₹288.55
₹342.38
+18.7%
3.9%₹375.00₹330.00₹529.408
Mar ’24₹266.45
₹342.38
+28.5%
3.9%₹375.00₹330.00₹526.158
Feb ’24₹292.75
₹326.25
+11.4%
14.6%₹375.00₹205.00₹523.958
Jan ’24₹285.35
₹288.38
+1.1%
12.3%₹335.00₹205.00₹422.008
Dec ’23₹276.05
₹284.00
+2.9%
11.1%₹310.00₹205.00₹401.158
Nov ’23₹249.80
₹220.00
-11.9%
7.4%₹255.00₹205.00₹431.007

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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