IDBI Bank Limited (IDBI)
Small CapFinancial Services stocks · Small cap · NSE
IDBI Bank Limited is an Indian public sector bank providing a range of banking and financial services. The bank focuses on retail and corporate advances, with a growing emphasis on digital banking and financial inclusion initiatives. It aims for sustained profitability and asset quality improvement.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is supportive, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Average · 30/100Rev +7% YoY · PAT +5% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹7,549 Cr | +7.4% | -3.3% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹2,131 Cr | +5.3% | +5.9% |
| PAT margin | 28.2% | -57 bps | +244 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
IDBI Bank reports strong NII and advances growth in Q4 FY26, but PAT declines YoY; asset quality continues to improve with lower NPAs and high PCR.
While operational metrics like NII, NIM, and advances growth are robust, the YoY decline in PAT raises concerns. This is primarily driven by a significant drop in 'Recovery from W/O cases' within other income, masking underlying improvements. Sustaining profitability requires consistent core income generation beyond one-off recoveries.
Gross Advances by Type (Mar 2026)
Latest issuer-disclosed distribution across 2 reported categories.
Retail Net Advances Growth
Retail Net Advances grew by 16% YoY to Rs.177295 crore, indicating strong traction in this segment.
Priority Sector Advances
Priority Sector Advances grew by Rs.19449 crore YoY to Rs.99742 crore, reaching 44.15% of ANBC.
Digital Transaction Adoption
97% of customer-induced transactions are routed through digital channels, with UPI as the preferred mode, showing strong digital engagement.
Digital Merchant Base Expansion
Merchant Base (BHIM/UPI, AePS, Physical PoS) increased from 4.23 lakh in Mar 2025 to 6.46 lakh in Mar 2026.
UPI Transactional Value Growth
UPI Transactional Value grew from Rs.89812 crore (Jan-Mar 2025) to Rs.102635 crore (Jan-Mar 2026).
Improving Asset Quality
GNPA reduced by 66 bps YoY and NNPA by 3 bps QoQ, with PCR consistently above 99%.
Strong Capital Position
Total CRAR at 26.65% and Tier 1 Capital at 25.56% provide a robust capital buffer.
Digital Adoption
High percentage of digital transactions and growth in UPI/Mobile Banking users indicate successful digital transformation.
Decline in Profit After Tax (PAT)
PAT decreased by 5% YoY to Rs.1943 crore, despite strong NII growth.
Lower Recovery from Written-Off Cases
Recovery from W/O cases declined by 66% YoY in Q4 FY26, impacting other income.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
For financial services, both YoY and QoQ comparisons are crucial. YoY provides insight into long-term growth trends and seasonal impacts, while QoQ highlights sequential momentum in key metrics like spreads, asset quality, and disbursements, which are vital for assessing immediate operational performance.
Net Advances
Net Advances stood at Rs.253626 crore, growing by 16% YoY and 6% QoQ.
Total Deposits
Total Deposits reached Rs.347163 crore, growing by 12% YoY.
Net Interest Income (NII)
NII grew by 17% YoY and 20% QoQ to Rs.3851 crore.
Net Interest Margin (NIM)
NIM was 4.15%, increasing by 15 bps YoY and 63 bps QoQ. Core NIM stood at 3.34%.
Business Growth Target
Management aims to achieve business growth of 12% to 13%.
Profitability & Efficiency Targets
Management targets RoA above 1.50%, RoE above 15%, NIM above 3%, CASA ratio above 42%, and cost to income ratio below 50%.
Asset Quality Targets
Management aims to bring GNPA below 3%, maintain Net NPA below 0.50%, PCR above 90%, and credit cost/net slippages below 0.40%/1.00% respectively.
Strategic Focus
Management plans tie-ups with Fintechs for personal and education loan sourcing and a technology-driven approach for operational excellence.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| PAT Growth (YoY) | -5% | Reversal of YoY decline and sustained growth, indicating improved core profitability. |
| Recovery from W/O cases | Rs.371 crore (Q4 FY26), -66% YoY | Stabilization or improvement in recoveries to support other income and overall profitability. |
| Net Interest Margin (NIM) | 4.15% (Q4 FY26) | Maintenance of NIM above 3% and further expansion, especially core NIM, to drive NII growth. |
| GNPA Ratio | 2.32% (Q4 FY26) | Continued reduction towards the management target of below 3%. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
64BullishSMA20 +1.9% / mo · MACD +
Technical chart
IDBIdaily · 1Y · AUTO-17.8%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 60. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~1.9% over last month) — short-term momentum positive.
- RSI(14) at 60 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 23% off 52W high · 49% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 8.3% above the 30-week proxy without full trend alignment.
- The 30-week proxy changed -2.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
Valuation & score drivers
U-Score 63 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 63 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 18.7%.
- Fair-value margin of safety is positive at 62.3%.
- Cash flow contributes 8/10 to the score.
Main drags
- Quality is weaker at 6/20; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
- Growth is weaker at 16/25; verify the latest quarterly trend.
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: -3 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 90th percentile within Financial Services. Main check: financial discipline is weak at 56/100.
High Trust Lite: Promoter holding is 94.7%. Key concern: ROCE is low at 5.9%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Financial Services: 90th pctile, median 62 · Small: 86th pctile, median 66
62 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 94.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 18.7%.
- ▸5 years of positive FCF.
Trust risks
- ▸ROCE is low at 5.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 10.50
- P/B
- 1.42
- EV/EBITDA
- —
- Market Cap
- 97449.00Cr
Profitability
- ROE
- 14.10%
- ROCE
- 5.92%
- ROA
- 2.00%
- Dividend Y
- 2.32%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- 43.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 35.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- —
- Altman Z
- 1.85
- Book Value
- 63.80
Cash Flow
- FCF Yield
- 18.68%
- FCF Positive Y
- 5/5
- OCF
- 16762.00 Cr
- EPS TTM
- 8.67
Shareholding
- Promoter Hold
- 94.72%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 52%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.