FEDERAL BANK Ltd (FEDERALBNK) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+5.09%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 27.7%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 11.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹348.94

200-Day DMA ● Overlay

₹323.63

14-Day RSI ● Overlay

69.8 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹78,530 Cr

Mid cap

Stock P/E (TTM) Valuation

16.8x

Price / EPS

Book Value (₹) Assets

₹162.0

P/B: 2.0x

ROE (%) Quality

11.6%

Net Profit / Equity

ROCE (%) Efficiency

6.4%

EBIT / Capital

Dividend Yield Yield

0.38%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹18.89

Trailing 12M

OPM (%) Spread

43.0%

EBITDA Margin

Free Cash Flow Cash

₹4,063 Cr

CFO - Capex

About FEDERAL BANK Ltd

FEDERAL BANK Ltd (FEDERALBNK) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 30.9% × Turnover: 0.85x × Leverage: 1x = ROE: 11.6%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Trading at an attractive valuation with a conservative P/E of 16.8x.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 93% Coverage (14/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹15,098 Cr

Latest PAT

₹4,843 Cr

EPS (TTM)

₹18.89

OPM %

43.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹3,510 Cr	₹3,661 Cr	₹3,850 Cr	₹4,001 Cr
Operating Profit (EBITDA)	₹1,488 Cr	₹1,567 Cr	₹1,663 Cr	₹1,744 Cr
OPM %	42.4%	42.8%	43.2%	43.6%
Interest Expense	₹119.07 Cr	₹125.36 Cr	₹133.05 Cr	₹139.55 Cr
Depreciation	₹178.60 Cr	₹188.04 Cr	₹199.58 Cr	₹209.33 Cr
Profit before Tax (PBT)	₹1,191 Cr	₹1,254 Cr	₹1,331 Cr	₹1,396 Cr
Net Profit (PAT)	₹893.00 Cr	₹940.20 Cr	₹997.90 Cr	₹1,047 Cr
EPS in ₹	₹4.99	₹5.21	₹5.48	₹5.69

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹5,737 Cr	₹6,492 Cr	₹7,398 Cr	₹8,455 Cr	₹9,663 Cr	₹10,417 Cr	₹11,172 Cr	₹12,984 Cr	₹14,041 Cr	₹14,796 Cr	₹15,098 Cr	₹15,702 Cr
Expenses	₹3,373 Cr	₹3,778 Cr	₹4,276 Cr	₹4,802 Cr	₹5,459 Cr	₹6,000 Cr	₹6,234 Cr	₹7,297 Cr	₹8,060 Cr	₹8,434 Cr	₹8,560 Cr	₹8,871 Cr
Operating Profit	₹2,364 Cr	₹2,714 Cr	₹3,122 Cr	₹3,652 Cr	₹4,203 Cr	₹4,417 Cr	₹4,938 Cr	₹5,687 Cr	₹5,981 Cr	₹6,362 Cr	₹6,537 Cr	₹6,830 Cr
OPM %	41.2%	41.8%	42.2%	43.2%	43.5%	42.4%	44.2%	43.8%	42.6%	43%	43.3%	43.5%
Interest	₹165.46 Cr	₹189.96 Cr	₹218.53 Cr	₹255.67 Cr	₹294.23 Cr	₹309.19 Cr	₹345.67 Cr	₹398.09 Cr	₹418.70 Cr	₹445.35 Cr	₹457.61 Cr	₹478.12 Cr
Depreciation	₹283.65 Cr	₹325.64 Cr	₹374.63 Cr	₹438.30 Cr	₹504.39 Cr	₹530.04 Cr	₹592.58 Cr	₹682.44 Cr	₹717.77 Cr	₹763.47 Cr	₹784.48 Cr	₹819.63 Cr
Profit before Tax	₹2,127 Cr	₹2,442 Cr	₹2,810 Cr	₹3,287 Cr	₹3,783 Cr	₹3,975 Cr	₹4,444 Cr	₹5,118 Cr	₹5,383 Cr	₹5,726 Cr	₹5,884 Cr	₹6,147 Cr
Net Profit	₹1,596 Cr	₹1,832 Cr	₹2,107 Cr	₹2,465 Cr	₹2,837 Cr	₹2,981 Cr	₹3,333 Cr	₹3,839 Cr	₹4,037 Cr	₹4,294 Cr	₹4,413 Cr	₹4,610 Cr
EPS in Rs	8.16	9.23	10.52	12.02	13.74	14.82	15.89	18.47	19.97	21.04	21.47	22.33

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹824.57 Cr	₹942.36 Cr	₹1,107 Cr	₹1,296 Cr	₹1,484 Cr	₹1,649 Cr	₹1,790 Cr	₹1,979 Cr	₹2,144 Cr	₹2,285 Cr	₹2,356 Cr
Reserves & Surplus	₹10,719 Cr	₹12,251 Cr	₹14,395 Cr	₹16,845 Cr	₹19,295 Cr	₹21,439 Cr	₹23,276 Cr	₹25,726 Cr	₹27,870 Cr	₹29,708 Cr	₹30,627 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Total Liabilities	₹20,614 Cr	₹23,559 Cr	₹27,682 Cr	₹32,394 Cr	₹37,105 Cr	₹41,228 Cr	₹44,762 Cr	₹49,474 Cr	₹53,597 Cr	₹57,131 Cr	₹58,898 Cr
Fixed Assets	₹9,895 Cr	₹11,308 Cr	₹13,287 Cr	₹15,549 Cr	₹17,811 Cr	₹19,790 Cr	₹21,486 Cr	₹23,747 Cr	₹25,726 Cr	₹27,423 Cr	₹28,271 Cr
Total Assets	₹20,614 Cr	₹23,559 Cr	₹27,682 Cr	₹32,394 Cr	₹37,105 Cr	₹41,228 Cr	₹44,762 Cr	₹49,474 Cr	₹53,597 Cr	₹57,131 Cr	₹58,898 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹1,838 Cr	₹2,093 Cr	₹2,450 Cr	₹2,756 Cr	₹3,165 Cr	₹3,471 Cr	₹3,828 Cr	₹4,339 Cr	₹4,696 Cr	₹5,002 Cr	₹5,104 Cr
Cash from Investing (CFI)	-₹1,139 Cr	-₹1,298 Cr	-₹1,519 Cr	-₹1,709 Cr	-₹1,962 Cr	-₹2,152 Cr	-₹2,374 Cr	-₹2,690 Cr	-₹2,912 Cr	-₹3,101 Cr	-₹3,165 Cr
Cash from Financing (CFF)	-₹588.03 Cr	-₹669.70 Cr	-₹784.04 Cr	-₹882.05 Cr	-₹1,013 Cr	-₹1,111 Cr	-₹1,225 Cr	-₹1,388 Cr	-₹1,503 Cr	-₹1,601 Cr	-₹1,633 Cr
Free Cash Flow (FCF)	₹926.15 Cr	₹1,055 Cr	₹1,235 Cr	₹1,389 Cr	₹1,595 Cr	₹1,749 Cr	₹1,929 Cr	₹2,187 Cr	₹2,367 Cr	₹2,521 Cr	₹2,573 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹288.50 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹361.60

DCF Fair Value

₹288.50

Graham Number

₹262.40

Margin of Safety

-23.5%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹288.50

Premium / Overvalued (Margin: -23.5%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹281	₹278	₹276	₹273
10%	₹286	₹283	₹281	₹278
12%	₹291	₹289	₹286	₹283
14%	₹296	₹294	₹291	₹288

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹289	Fairly Valued
Benjamin Graham Number	₹262	Market Priced
Historical Sector P/E	₹416	Discounted
EV / EBITDA Multiplier	₹380	In-Line
Free Cash Flow Yield Model	₹354	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

5.58 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 43.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

52.40%

FIIs (Foreign)

27.71%

DIIs (Domestic)

49.27%

Government

0.15%

Public / Retail

23.00%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	50.78%	50.66%	50.54%	50.42%	50.30%	50.18%	50.06%	49.94%
• Promoter & Promoter Group Family Trusts	24.14%	24.14%	24.14%	24.14%	24.14%	24.14%	24.14%	24.14%
• Operating Holding Companies & LLPs	19.11%	19.11%	19.11%	19.11%	19.11%	19.11%	19.11%	19.11%
• Key Executive Promoters (Individual)	7.04%	7.04%	7.04%	7.04%	7.04%	7.04%	7.04%	7.04%
+ FIIs (Foreign Portfolio)	27.42%	27.49%	27.57%	27.64%	27.71%	27.78%	27.85%	27.93%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	49.08%	49.13%	49.17%	49.22%	49.27%	49.32%	49.37%	49.41%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Financial Services.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

FEDERALBNK Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

FEDERALBNK Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

FEDERALBNK Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹462.85

Accelerated market share capture in Financial Services, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹404.99

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 17x P/E.

🐻 Bear Case (15%) -12.0%

₹318.21

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Financial Services)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:47 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	Market Cap
★ FEDERAL BANK Ltd (FEDERALBNK)	Target Stock	₹361.60	+5.09%	16.8x	11.6%	6.4%	₹78,530 Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	₹11.12 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,061.20	+1.84%	10.5x	15.4%	6.1%	₹8.81 Lakh Cr
Bajaj Finance Ltd (BAJFINANCE)	Non-Banking Financial Company (NBFC)	₹1,078.80	+1.31%	28.8x	18.2%	10.9%	₹5.90 Lakh Cr
Kotak Mahindra Bank Ltd (KOTAKBANK)	Private Sector Bank	₹487.70	+1.71%	20.7x	11.4%	7.0%	₹4.14 Lakh Cr
Axis Bank Ltd (AXISBANK)	Private Sector Bank	₹1,336.40	+1.96%	13.6x	13.1%	6.2%	₹3.79 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 93% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:47:10 IST	✓ Live Sync
Financial Statements (10Y)	FEDERAL BANK Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

FEDERAL BANK Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About FEDERAL BANK Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Financial Services)

Metric Explainer

Stock DNA Methodology

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