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IDBI - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.8

Stock Code IDBI Market Cap 1,05,782 Cr. Current Price 98.4 ₹ High / Low 118 ₹
Stock P/E 11.0 Book Value 64.0 ₹ Dividend Yield 2.14 % ROCE 6.76 %
ROE 13.6 % Face Value 10.0 ₹ DMA 50 100 ₹ DMA 200 94.7 ₹
Chg in FII Hold 0.05 % Chg in DII Hold 0.01 % PAT Qtr 1,935 Cr. PAT Prev Qtr 3,627 Cr.
RSI 45.4 MACD -0.99 Volume 1,61,92,542 Avg Vol 1Wk 1,04,10,119
Low price 66.1 ₹ High price 118 ₹ PEG Ratio 0.24 Debt to equity 4.87
52w Index 61.6 % Qtr Profit Var 1.42 % EPS 8.95 ₹ Industry PE 15.8

📊 Core Financials

  • Revenue & Profitability: PAT declined from 3,627 Cr. to 1,935 Cr. QoQ, showing pressure on earnings. EPS at 8.95 ₹ remains moderate.
  • Margins: ROE at 13.6% is decent, but ROCE at 6.76% indicates limited efficiency in capital utilization.
  • Debt: Debt-to-equity ratio of 4.87 is high, reflecting significant leverage risk.
  • Cash Flow: Dividend yield of 2.14% suggests some shareholder return, but sustainability depends on earnings stability.

💹 Valuation Indicators

  • P/E Ratio: 11.0 vs Industry PE of 15.8 → undervalued compared to peers.
  • P/B Ratio: Current Price (98.4 ₹) / Book Value (64 ₹) ≈ 1.54, reasonable for a financial institution.
  • PEG Ratio: 0.24 indicates attractive valuation relative to growth.
  • Intrinsic Value: Suggests undervaluation, with price near support levels (DMA 200 at 94.7 ₹).

🏦 Business Model & Competitive Advantage

  • IDBI operates as a mid-sized bank with a focus on retail and corporate lending.
  • Competitive advantage lies in legacy presence and government backing, though high debt levels limit flexibility.
  • Improving asset quality and efficiency will be key to sustaining growth.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between 90 ₹ – 95 ₹ (near DMA 200 support).
  • Long-Term Holding: Suitable for investors seeking undervalued banking exposure, but monitor debt levels and profitability trends.

✅ Positive

  • Undervalued compared to industry peers.
  • Strong ROE at 13.6%.
  • PEG ratio indicates growth potential at low valuation.

⚠️ Limitation

  • High debt-to-equity ratio (4.87).
  • Weak ROCE (6.76%) shows inefficient capital use.
  • Quarterly profit decline raises concerns on earnings stability.

📉 Company Negative News

  • Recent quarterly PAT dropped significantly, showing earnings pressure.
  • High leverage continues to weigh on investor confidence.

📈 Company Positive News

  • Improved FII and DII holdings, albeit marginal.
  • Dividend yield of 2.14% provides steady shareholder return.

🏭 Industry

  • Banking sector PE at 15.8 indicates overall higher valuations.
  • Sector growth driven by credit expansion and digital adoption.
  • Competition from private banks remains strong.

🔎 Conclusion

  • IDBI appears undervalued with decent ROE and attractive PEG ratio.
  • However, high debt and declining profits pose risks.
  • Best suited for cautious long-term investors entering near 90–95 ₹, with close monitoring of debt reduction and profitability improvement.

Would you like me to also prepare a comparative HTML report showing IDBI against top private banks like HDFC and ICICI for a clearer sector perspective?

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