Since its establishment in 2014, Bandhan Bank, a private sector bank with offices in Kolkata, has caused a stir in the Indian financial sector. The bank has been able to carve out a space for itself in the very competitive banking industry thanks to its commitment to assist the underbanked and underserved people of the nation. Industry professionals and investors have praised Bandhan Bank’s dedication to microfinance and its cutting-edge banking solutions.
If you’re considering making an investment in Bandhan Bank, you presumably have questions regarding the bank’s potential for future growth and share price targets. In this post, we’ll examine Bandhan Bank’s recent results in greater detail and attempt to predict its development trajectory going forward.
Recent news about Bandhan Bank
Bandhan Bank’s founder and managing director Chandrashekhar Ghosh announced that he will not continue as a part of the bank’s board in a non-executive role after his retirement on July 9. Ghosh clarified that the decision was voluntary and not influenced by the Reserve Bank of India (RBI). The bank is set to begin the process of finding Ghosh’s successor, with the names of potential candidates expected to be finalized by July. If the RBI’s approval for the new CEO is delayed, the board may consider appointing an interim chief executive officer. Ghosh’s retirement comes despite the board approving his re-appointment for another three years in November last year.
Bandhan Bank Q3 Results: Net profit rises by 152% YoY to ₹733 crore
- Bandhan Bank’s net profit for Q3 FY24 soared by 152% YoY to ₹733 crore.
- Net Interest Income (NII) witnessed a robust growth of 21% annually to reach ₹2525 crore.
- The bank’s loan portfolio expanded significantly by 18.6% YoY, totaling ₹1.16 lakh crore.
- Retail loan books surged by an impressive 70% YoY, while commercial banking saw a growth of 60% YoY.
- Gross NPA improved to 7% as of December 31, 2023, showcasing the bank’s asset quality resilience.
- The bank added approximately 9 lakh new customers during the quarter, bringing the total customer base to ₹3.26 crore.
- Chandra Shekhar Ghosh, MD and CEO, expressed optimism about sustaining growth momentum despite challenges, citing recent CBS migration and new leadership talent.
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Bandhan Bank Share Price Target 2024
When | Maximum Price (₹) | Minimum Price (₹) |
---|---|---|
April 2024 | ₹183.70 | ₹159.74 |
May 2024 | ₹180.99 | ₹157.38 |
June 2024 | ₹187.50 | ₹163.04 |
July 2024 | ₹185.63 | ₹161.41 |
August 2024 | ₹193.05 | ₹167.87 |
September 2024 | ₹200.77 | ₹174.58 |
October 2024 | ₹196.84 | ₹171.16 |
November 2024 | ₹204.71 | ₹178.01 |
December 2024 | ₹206.76 | ₹179.79 |
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Bandhan Bank Share Price Target 2025
When | Maximum Price (₹) | Minimum Price (₹) |
---|---|---|
January 2025 | ₹227.43 | ₹174.95 |
February 2025 | ₹229.73 | ₹176.72 |
March 2025 | ₹234.55 | ₹180.43 |
April 2025 | ₹232.23 | ₹178.64 |
May 2025 | ₹225.47 | ₹173.44 |
June 2025 | ₹235.61 | ₹181.24 |
July 2025 | ₹230.99 | ₹177.69 |
August 2025 | ₹238.14 | ₹183.18 |
September 2025 | ₹241.00 | ₹185.38 |
October 2025 | ₹247.26 | ₹190.20 |
November 2025 | ₹253.44 | ₹194.96 |
December 2025 | ₹264.85 | ₹203.73 |
Bandhan Bank Share Price Target 2026 to 2030
BANDHAN BANK SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
2026 | ₹434.04 | ₹303.83 |
2027 | ₹368.93 | ₹258.25 |
2028 | ₹664.08 | ₹464.85 |
2029 | ₹864.12 | ₹454.88 |
2030 | ₹919.13 | ₹563.39 |
In 2026, Bandhan Bank shares are expected to reach a maximum price of ₹434.04 and a minimum price of ₹303.83. As the years progress, 2027 may see a decrease with a maximum projected at ₹368.93 and a minimum of ₹258.25. Similarly, in 2028, the maximum price is forecasted to surge to ₹664.08, with a potential minimum of ₹464.85. By 2029, Bandhan Bank shares are anticipated to peak at ₹864.12, while the minimum could be around ₹454.88. Looking ahead to 2030, the maximum price of Bandhan Bank is projected to reach ₹919.13, with a potential minimum of ₹563.39.
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Financial Strength of Bandhan Bank (2019 to 2023)
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
Revenue | 6,643 | 10,885 | 12,524 | 13,872 | 15,905 |
Interest | 2,148 | 4,562 | 4,961 | 5,157 | 6,645 |
Expenses + | 2,467 | 3,739 | 6,534 | 11,298 | 8,693 |
Financing Profit | 2,028 | 2,584 | 1,029 | -2,584 | 567 |
Financing Margin % | 31% | 24% | 8% | -19% | 4% |
Other Income + | 1,063 | 1,549 | 2,022 | 2,822 | 2,469 |
Depreciation | 78 | 80 | 103 | 110 | 143 |
Profit before tax | 3,013 | 4,053 | 2,949 | 129 | 2,893 |
Tax % | 35% | 25% | 25% | 2% | 24% |
Net Profit + | 1,952 | 3,024 | 2,205 | 126 | 2,195 |
EPS in Rs | 16.36 | 18.78 | 13.69 | 0.78 | 13.62 |
Dividend Payout % | 18% | 0% | 7% | 0% | 11% |
Bandhan Bank’s financial performance over the years reflects significant growth and challenges. From March 2019 to March 2023, the bank’s revenue increased steadily from ₹6,643 crore to ₹15,905 crore. However, the Financing Profit showed some volatility, reaching a positive peak of ₹2,584 crore in March 2020 but turning negative in March 2022 with a loss of ₹2,584 crore.
The Financing Margin percentage fluctuated, indicating varying levels of profitability, with a high of 31% in March 2019 and a low of -19% in March 2022. Other Income also exhibited growth, increasing from ₹1,063 crore in March 2019 to ₹2,469 crore in March 2023. Despite this, the bank faced challenges in March 2022, reporting a minimal profit before tax of ₹129 crore, which is significantly lower compared to previous years.
The bank’s effective tax rate remained relatively stable, ranging from 2% to 35%. Net Profit experienced variations over the period, with a notable dip to ₹126 crore in March 2022, a stark contrast to the profit levels in the preceding years. Earnings Per Share (EPS) saw a similar trend, with a significant decrease in March 2022 to ₹0.78.
The Dividend Payout Percentage fluctuated, with Bandhan Bank paying out 18% in March 2019, no dividends in March 2020, 7% in March 2021, and none again in March 2022, before rising to 11% in March 2023. These financials suggest a mix of growth and challenges for Bandhan Bank, emphasizing the need for strategic measures to address the issues affecting its profitability in March 2022.
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FAQ’s
What is the maximum share price target of Bandhan Bank in 2026?
In 2026, the maximum share price target for Bandhan Bank is expected to reach Rs. ₹434.04.
What is the maximum share price target of Bandhan Bank in 2027?
The maximum share price target for Bandhan Bank is anticipated to reach Rs. ₹368.93.
What is the maximum share price target of Bandhan Bank in 2028?
What is the maximum share price target of Bandhan Bank in 2029?
By 2029, Bandhan Bank’s maximum share price target is anticipated to reach Rs. 864.12.
What is the maximum share price target of Bandhan Bank in 2030?
In 2030, the maximum share price target of Bandhan Bank is expected to reach Rs. 919.13.
CONCLUSION: Bandhan Bank Share Price Target
Bandhan Bank, established in 2014, has made a significant impact in the Indian financial sector with a focus on assisting the underbanked and underserved population. The provided share price targets for 2024 to 2030 indicate a positive trajectory, with expected increases in both maximum and minimum prices. The bank’s commitment to microfinance and innovative banking solutions has garnered praise from industry professionals and investors.
However, a closer look at the financials reveals a mix of growth and challenges. While the revenue has steadily increased, there have been fluctuations in Financing Profit, Financing Margin, and Net Profit. The dip in profitability in March 2022 underscores the need for strategic measures to address challenges and ensure sustained growth.
Investors should consider these factors along with the provided share price projections, which are subject to market dynamics. Bandhan Bank’s performance in the coming years will likely be influenced by its ability to navigate challenges, capitalize on growth opportunities, and maintain its commitment to financial inclusion. As with any investment decision, thorough research and monitoring of the bank’s performance are crucial.
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