Company Valuation: Indian Bank

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,31,119 1,91,673 3,59,372 7,01,364 7,29,112 13,03,524 - -
Change - 46.18% 87.49% 95.16% 3.96% 78.78% - -
Enterprise Value (EV) 1,31,119 1,91,673 3,59,372 7,01,364 7,29,112 13,03,524 13,03,524 13,03,524
Change - 46.18% 87.49% 95.16% 3.96% 78.78% 0% 0%
P/E ratio 4.36x 4.75x 6.8x 8.24x 6.68x 10.7x 9.84x 8.93x
PBR 0.44x 0.57x 0.96x 1.48x 1.28x 1.78x 1.55x 1.36x
PEG - 0.2x 0.2x 0.2x 0.2x 0.9x 1.18x 0.9x
Capitalization / Revenue 0.6x 0.81x 1.31x 2.5x 2.12x 3.54x 3.21x 2.86x
EV / Revenue 0x 0x 0x 0x 0x 3.54x 3.21x 2.86x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.61x 5.9x 5.26x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2 6.5 8.6 12 16.25 17.23 18.19 19.16
Rate of return 1.72% 4.22% 2.98% 2.3% 3% 1.78% 1.88% 1.98%
EPS 2 26.61 32.38 42.41 63.23 81.06 90.71 98.3 108.4
Distribution rate 7.52% 20.1% 20.3% 19% 20% 19% 18.5% 17.7%
Net sales 1 2,17,452 2,36,434 2,73,685 2,80,922 3,43,998 3,68,658 4,06,618 4,55,621
EBITDA - - - - - - - -
EBIT 1 1,13,956 1,27,169 1,52,706 1,68,396 1,89,982 1,97,319 2,20,928 2,48,003
Net income 1 30,047 39,448 52,817 80,629 1,09,183 1,22,140 1,32,261 1,45,556
Net Debt - - - - - - - -
Reference price 2 116.10 153.90 288.55 520.70 541.30 967.75 967.75 967.75
Nbr of stocks (in thousands) 11,29,367 12,45,441 12,45,441 13,46,964 13,46,964 13,46,964 - -
Announcement Date 28/05/21 11/05/22 08/05/23 06/05/24 03/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.67x - - 1.78% 1.4TCr
6.13x - - 5.12% 33TCr
18.97x - - 0.92% 10TCr
15.55x - - 4.38% 8.29TCr
6.64x - - 4.75% 6.4TCr
7.34x - - 7.03% 6.1TCr
5.07x - - 5.84% 5.74TCr
13.62x - - 5.06% 4.82TCr
15.97x - - 3.3% 4.47TCr
10.3x - - 4.47% 4.45TCr
Average 11.03x 4.26% 8.49TCr
Weighted average by Cap. 9.88x 4.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield