J%26KBANK

The Jammu & Kashmir Bank Limited

Banking · NSE

News sentiment (13 articles)

2 bull9 neutral2 bear

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Analyst Note

2d ago

J&K Bank trades with a fair value estimate of ₹167.8 (medium confidence), though valuation metrics are thin. The stock shows a compelling low P/E of 5.8x and P/B of 0.8x, backed by solid ROE of 14.6% and strong five-year earnings growth of 61.4%. Free cash flow stands healthy at ₹2,621 Cr, and earnings quality is cash-backed. Sentiment remains stable and neutral across both timeframes, with the stock trading 63.8% through its 52-week range. This suits value-conscious investors comfortable with banking sector cyclicality and limited near-term consensus data.

Valuation Gauge

—— Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

—

Fair Value

₹168

Fair Value Analysis

₹168

Based on balance sheet strength analysis and book value multiple and dividend growth model for Banking sector companies

Medium confidence

Balance Sheet Value

25% weight

₹244

P/B Multiple

35% weight

₹162

Dividend Growth Model

40% weight

₹125

Price vs Market

J%26KBANK

Nifty 50

Shareholding Pattern

Stock Health Score

B+

Financially Healthy

8.2 / 10

Profitability

8/10

ROE of 14.6% is acceptable for Banking sector (benchmark: 15%)

Debt & Leverage

5/10

Debt data unavailable — scored neutral

Valuation vs Peers

10/10

P/E of 5.8x trades at a 61% discount to Banking sector median (15x) — attractively valued

Cash Flow

7/10

Positive operating cash flow of ₹2,621 Cr — healthy for Banking sector

Earnings Growth

10/10

5yr EPS CAGR of 61.4% is well above the Banking sector average of 23.2% — strong growth

Dividend

9/10

Dividend yield of 1.9% provides strong shareholder returns (benchmark: 1.5%)

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

Profit Growth (YoY)

+9.8%

Year-on-year PAT change

Operating Cash Flow

₹2.7K Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹19.5

P/E Ratio

5.8x

P/B Ratio

0.8x

ROE

14.6%

ROCE

—

Debt / Equity

—

Beta

0.41

Div Yield

1.9%

FCF (Cr)

₹2,621 Cr

Revenue (Cr)

₹7,036 Cr

EPS Growth 5Y

61.4%

Mkt Cap (Cr)

₹12,505 Cr

52W High

₹128.5

52W Low

₹87.3

Book Value/Share

₹135.7

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	—	—	—	₹2.1K Cr	₹19.45
2025-03-31	—	—	—	₹2.1K Cr	₹18.91
2024-03-31	—	—	—	₹1.8K Cr	₹16.08
2023-03-31	—	—	—	₹1.2K Cr	₹11.44
2022-03-31	—	—	—	₹495 Cr	₹5.30
2021-03-31	—	—	—	₹428 Cr	₹6.01
2020-03-31	—	—	—	₹-1.2K Cr	₹-16.59
2019-03-31	—	—	—	₹464 Cr	₹8.33
2018-03-31	—	—	—	₹203 Cr	₹3.64
2017-03-31	—	—	—	₹-1.6K Cr	₹-31.32
2016-03-31	—	—	—	₹414 Cr	₹8.54
2015-03-31	—	—	—	₹508 Cr	₹10.49
2014-03-31	—	—	—	₹1.2K Cr	₹24.36

Compounded Growth Rates

Sales Growth

3Y—

5Y—

10Y—

Profit Growth

3Y+22.0%

5Y+38.0%

10Y+17.9%

EPS Growth

3Y+19.4%

5Y+26.5%

10Y+8.6%

Peer Comparison

Banking

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
DHANBANK Dhanlaxmi Bank Limited	₹23.5	₹38.8	+39.4%	9.3	7.0%	UNDERVALUED
CANBK Canara Bank	₹131	₹204.4	+35.9%	5.7	18.2%	UNDERVALUED
CENTRALBK Central Bank of India	₹34	₹51.3	+33.9%	6.1	13.2%	UNDERVALUED
MAHABANK Bank of Maharashtra	₹66.5	₹99.1	+32.9%	7.6	21.2%	UNDERVALUED
IDBI IDBI Bank Limited	₹70.1	₹98.8	+29.0%	8	14.7%	UNDERVALUED
SURYODAY Suryoday Small Finance Bank Limited	₹132.7	₹176.2	+24.7%	19.5	3.4%	UNDERVALUED
BANKBARODA Bank of Baroda	₹260.5	₹344.4	+24.4%	6.6	12.8%	UNDERVALUED
BANKINDIA Bank of India	₹143.2	₹186.5	+23.2%	6.5	12.1%	UNDERVALUED