Indian Bank (INDIANB) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Indian Bank stock ₹704, price ₹892, that is 21.0% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range ₹100.90 – ₹970.87 · fair‑value band ₹564.53 – ₹1,047 · the ₹892.15 price screens above the ₹704.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Indian Bank provides various banking products and services. It offers deposit products, including savings bank and current accounts, term deposits, and non-resident Indian (NRI) accounts.
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The company also provides agriculture, MSME, corporate, online, home, mortgage, vehicle, personal, educational, and jewel loans; supply chain finance; 59 minutes loans; loan/OD against deposits, NSC/KVP/ relief bonds of RBI/LIC policies; and other retail/personal loans.
In addition, it offers digital products, including IndOASIS, internet and SMS banking, debit and credit cards, national common mobility cards, prepaid card, mutual funds, IPO, demat, and trading services; point of sale systems; online collection products; cash management services; and other products, services, and schemes.
The company operates through multiple branches in India and overseas; as well as ATMs and BNAs. Indian Bank was incorporated in 1907 and is based in Chennai, India.
Stock analysis
Indian Bank (INDIANB) currently trades at ₹892.15, while our model-based Fair Value estimate is ₹704.42, 21% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹704.42 per share, and 1 of the 6 models we run sit above the ₹892.15 price.
Bear case: the Dividend Discount group reads lowest at ₹222.30, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹564.53 (bear) to ₹1,047 (bull), the price of ₹892.15 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Indian Bank reported revenue of ₹783B in FY2026 versus ₹463B in FY2022, a compound +14.1%/yr. Reported net income was ₹117B in FY2026, compounding +29.7%/yr from FY2022.
Key figures
Market cap ₹1.2T (≈ $12.7B) Large · P/E ratio 9.1 · P/S ratio 3.31 · EPS (TTM) ₹98.38 · Dividend yield 2.0% · Net margin 36.4% · Return on equity 16.1% · Return on assets (EBIT) 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −21%, INDIANB screens cheaper than that median.
Fair Value models
Bear₹564.53Fair Value ₹704.42Bull₹1,047
Price ₹892.15 · Downside -21.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹48.30 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.6%
Start year 2021 (pandemic). Over 10 years: +15.8% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.6%
Dividend (yield on the price)2.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.25.6% vs 18.7%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 20%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1002 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−21.0% · Below median
Profitability
Return on equity (12 months)16.1% · Top 25%
Return on assets1.2% · Above median
Net margin (12 months)36.4% · Above median
Operating margin (12 months)49.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.4% · Above median
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity0.52× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Indian Bank Fair Value". https://www.fairvalue-calculator.com/stock/INDIANB
Frequently asked questions
Is Indian Bank (INDIANB) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of ₹704.42 versus a price of ₹892.15, about 21% lower (overvalued).
What is the fair value of INDIANB?
Our model-based fair value for Indian Bank is ₹704.42 (as of Nov 1, 2026), built from audited fundamentals. The current price: ₹892.15.
What is the quality score of INDIANB?
Indian Bank has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Indian Bank (INDIANB)?
Our model-based price target is the fair value of ₹704.42 (as of Nov 1, 2026) from 6 valuation models. Cautious scenario ₹564.53, optimistic scenario ₹1,047. It is a calculation from audited fundamentals, not an analyst target.
What is the Indian Bank stock forecast for 2026?
Our models put fair value at ₹704.42, about 21% lower versus a price of ₹892.15 (overvalued). Cautious scenario ₹564.53, optimistic scenario ₹1,047. The calculation is refreshed regularly with new filings.
What is the revenue of Indian Bank (INDIANB)?
Indian Bank reported trailing-twelve-month revenue of about ₹363B (latest available figure, as of Nov 1, 2026).
Does Indian Bank pay a dividend?
Indian Bank currently shows a dividend yield of 2.05% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of Indian Bank (INDIANB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indian Bank it is ₹704.42 per share (as of Nov 1, 2026), against a price of ₹892.15. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Indian Bank stock overvalued or undervalued in 2026?
As of Nov 1, 2026, INDIANB trades above its calculated fair value: price ₹892.15, fair value ₹704.42, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INDIANB?
No. The price is what the market pays today (₹892.15); the fair value is what the company's own numbers justify (₹704.42). For Indian Bank the two are ₹187.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indian Bank worth?
The market values Indian Bank at about ₹1.2T (market capitalisation, as of Nov 1, 2026). Per share that is ₹892.15; our models calculate a fair value of ₹704.42 per share.
What do the bullish and bearish scenarios say about INDIANB?
Our models span a range for Indian Bank: cautious scenario ₹564.53, base ₹704.42, optimistic ₹1,047 per share (as of Nov 1, 2026, price ₹892.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INDIANB?
Indian Bank trades at a price-to-earnings ratio of 9.1 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹704.42 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 7.2. Other multiples: P/B 1.5, P/S 3.3, EV/EBITDA 5.9.
How solid is the balance sheet of Indian Bank (INDIANB)?
Balance-sheet figures for Indian Bank (as of Nov 1, 2026): return on equity 16.1%, debt of 0.52 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is INDIANB from its 52-week high?
Indian Bank trades at ₹892.15, about 8% below its 52-week high of ₹970.87 and 18% above the low of ₹757.02 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹704.42 is for.
Which stocks are comparable to Indian Bank?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Indian Bank stock attractive at the current price?
The data as of Nov 1, 2026: price ₹892.15, calculated fair value ₹704.42 (−21%), Quality Score 56/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INDIANB calculated?
We run Indian Bank through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹704.42, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Indian Bank itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Indian Bank (INDIANB)?
The closing price on Nov 5, 2026 was ₹892.15. Our model-based fair value is ₹704.42, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indian Bank right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹564.53 to ₹1,047) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Indian Bank (INDIANB) come from?
Earnings per share at Indian Bank grew +19.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.7 %, EBIT margin +11.6 %, tax rate −3.3 %, residual (interest, one-offs) +2.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Indian Bank
How large is the market capitalisation of Indian Bank (INDIANB)?
The market capitalisation of Indian Bank is ₹1.2T (≈ $12.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Indian Bank (INDIANB)?
The price-to-sales ratio of Indian Bank is 3.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indian Bank (INDIANB)?
Earnings per share at Indian Bank are ₹98.38 (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Indian Bank (INDIANB)?
The dividend yield of Indian Bank is 2.0% (payout 18.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Indian Bank (INDIANB)?
The net margin of Indian Bank is 36.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Indian Bank (INDIANB)?
The return on equity (ROE) of Indian Bank is 16.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Indian Bank (INDIANB)?
On an EBIT basis the return on assets of Indian Bank is 1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Indian Bank (INDIANB)?
The operating margin of Indian Bank is 49.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indian Bank (INDIANB)?
Revenue at Indian Bank is growing +14.4% versus a year earlier (3y avg +14.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Indian Bank (INDIANB)?
Earnings per share at Indian Bank are growing +14.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Indian Bank (INDIANB) generate?
The free cash flow of Indian Bank is ₹333B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Indian Bank (INDIANB) hold?
Indian Bank holds more cash than debt, ₹189B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 1, 2026