RBL BANK Ltd (RBLBANK) 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 ↑

+2.34%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 8.8%

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

Inspect Evidence →

Capital Productivity ⚙️

ROE: 5.4%

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

₹374.28

200-Day DMA ● Overlay

₹347.13

14-Day RSI ● Overlay

60.2 (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

₹63,645 Cr

Mid cap

Stock P/E (TTM) Valuation

72.2x

Price / EPS

Book Value (₹) Assets

₹271.0

P/B: 1.5x

ROE (%) Quality

5.4%

Net Profit / Equity

ROCE (%) Efficiency

5.8%

EBIT / Capital

Dividend Yield Yield

0.24%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹5.70

Trailing 12M

OPM (%) Spread

15.7%

EBITDA Margin

Free Cash Flow Cash

₹7,353 Cr

CFO - Capex

About RBL BANK Ltd

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

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 11.3% × Turnover: 0.85x × Leverage: 1x = ROE: 5.43%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Stock is trading at an attractive price-to-book multiple of 1.5x.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 5.4%).
• Commanding an elevated valuation multiple with P/E at 72.2x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

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

Latest Sales

₹10,481 Cr

Latest PAT

₹899.00 Cr

EPS (TTM)

₹5.70

OPM %

15.7%

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	₹2,437 Cr	₹2,542 Cr	₹2,673 Cr	₹2,777 Cr
Operating Profit (EBITDA)	₹367.96 Cr	₹393.95 Cr	₹424.95 Cr	₹452.72 Cr
OPM %	15.1%	15.5%	15.9%	16.3%
Interest Expense	₹29.44 Cr	₹31.52 Cr	₹34.00 Cr	₹36.22 Cr
Depreciation	₹44.16 Cr	₹47.27 Cr	₹50.99 Cr	₹54.33 Cr
Profit before Tax (PBT)	₹294.37 Cr	₹315.16 Cr	₹339.96 Cr	₹362.18 Cr
Net Profit (PAT)	₹220.78 Cr	₹236.37 Cr	₹254.97 Cr	₹271.63 Cr
EPS in ₹	₹1.25	₹1.30	₹1.37	₹1.42

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	₹3,983 Cr	₹4,507 Cr	₹5,136 Cr	₹5,869 Cr	₹6,708 Cr	₹7,232 Cr	₹7,756 Cr	₹9,014 Cr	₹9,747 Cr	₹10,271 Cr	₹10,481 Cr	₹10,900 Cr
Expenses	₹3,429 Cr	₹3,853 Cr	₹4,370 Cr	₹4,936 Cr	₹5,621 Cr	₹6,140 Cr	₹6,445 Cr	₹7,526 Cr	₹8,256 Cr	₹8,659 Cr	₹8,804 Cr	₹9,134 Cr
Operating Profit	₹553.60 Cr	₹653.49 Cr	₹765.21 Cr	₹933.22 Cr	₹1,087 Cr	₹1,092 Cr	₹1,311 Cr	₹1,487 Cr	₹1,491 Cr	₹1,613 Cr	₹1,677 Cr	₹1,766 Cr
OPM %	13.9%	14.5%	14.9%	15.9%	16.2%	15.1%	16.9%	16.5%	15.3%	15.7%	16%	16.2%
Interest	₹38.75 Cr	₹45.74 Cr	₹53.56 Cr	₹65.33 Cr	₹76.07 Cr	₹76.44 Cr	₹91.75 Cr	₹104.11 Cr	₹104.39 Cr	₹112.88 Cr	₹117.39 Cr	₹123.61 Cr
Depreciation	₹66.43 Cr	₹78.42 Cr	₹91.83 Cr	₹111.99 Cr	₹130.40 Cr	₹131.04 Cr	₹157.29 Cr	₹178.47 Cr	₹178.96 Cr	₹193.51 Cr	₹201.23 Cr	₹211.90 Cr
Profit before Tax	₹498.24 Cr	₹588.14 Cr	₹688.69 Cr	₹839.90 Cr	₹978.00 Cr	₹982.81 Cr	₹1,180 Cr	₹1,339 Cr	₹1,342 Cr	₹1,451 Cr	₹1,509 Cr	₹1,589 Cr
Net Profit	₹373.68 Cr	₹441.10 Cr	₹516.52 Cr	₹629.93 Cr	₹733.50 Cr	₹737.11 Cr	₹884.75 Cr	₹1,004 Cr	₹1,007 Cr	₹1,089 Cr	₹1,132 Cr	₹1,192 Cr
EPS in Rs	2.04	2.31	2.63	3.01	3.44	3.71	3.98	4.62	5.00	5.27	5.37	5.59

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	₹668.27 Cr	₹763.74 Cr	₹897.39 Cr	₹1,050 Cr	₹1,203 Cr	₹1,337 Cr	₹1,451 Cr	₹1,604 Cr	₹1,738 Cr	₹1,852 Cr	₹1,909 Cr
Reserves & Surplus	₹8,688 Cr	₹9,929 Cr	₹11,666 Cr	₹13,652 Cr	₹15,638 Cr	₹17,375 Cr	₹18,864 Cr	₹20,850 Cr	₹22,588 Cr	₹24,077 Cr	₹24,822 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	₹16,707 Cr	₹19,094 Cr	₹22,435 Cr	₹26,254 Cr	₹30,072 Cr	₹33,414 Cr	₹36,278 Cr	₹40,096 Cr	₹43,438 Cr	₹46,302 Cr	₹47,734 Cr
Fixed Assets	₹8,019 Cr	₹9,165 Cr	₹10,769 Cr	₹12,602 Cr	₹14,435 Cr	₹16,039 Cr	₹17,413 Cr	₹19,246 Cr	₹20,850 Cr	₹22,225 Cr	₹22,912 Cr
Total Assets	₹16,707 Cr	₹19,094 Cr	₹22,435 Cr	₹26,254 Cr	₹30,072 Cr	₹33,414 Cr	₹36,278 Cr	₹40,096 Cr	₹43,438 Cr	₹46,302 Cr	₹47,734 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)	₹1,489 Cr	₹1,696 Cr	₹1,986 Cr	₹2,234 Cr	₹2,565 Cr	₹2,813 Cr	₹3,103 Cr	₹3,516 Cr	₹3,806 Cr	₹4,054 Cr	₹4,137 Cr
Cash from Investing (CFI)	-₹923.36 Cr	-₹1,052 Cr	-₹1,231 Cr	-₹1,385 Cr	-₹1,590 Cr	-₹1,744 Cr	-₹1,924 Cr	-₹2,180 Cr	-₹2,360 Cr	-₹2,514 Cr	-₹2,565 Cr
Cash from Financing (CFF)	-₹476.57 Cr	-₹542.76 Cr	-₹635.43 Cr	-₹714.86 Cr	-₹820.77 Cr	-₹900.19 Cr	-₹992.86 Cr	-₹1,125 Cr	-₹1,218 Cr	-₹1,297 Cr	-₹1,324 Cr
Free Cash Flow (FCF)	₹750.60 Cr	₹854.85 Cr	₹1,001 Cr	₹1,126 Cr	₹1,293 Cr	₹1,418 Cr	₹1,564 Cr	₹1,772 Cr	₹1,918 Cr	₹2,043 Cr	₹2,085 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: ₹87.05 • Premium / Overvalued

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

Current Price

₹387.85

DCF Fair Value

₹87.05

Graham Number

₹186.43

Margin of Safety

-66%

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

₹87.05

Premium / Overvalued (Margin: -66%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹85	₹84	₹83	₹82
10%	₹86	₹86	₹85	₹84
12%	₹88	₹87	₹86	₹86
14%	₹89	₹89	₹88	₹87

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹87	Fairly Valued
Benjamin Graham Number	₹186	Market Priced
Historical Sector P/E	₹125	Premium
EV / EBITDA Multiplier	₹407	In-Line
Free Cash Flow Yield Model	₹380	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

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

Piotroski Score

6 / 9 Pass

Altman Z-Score

4.82 (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 15.7%

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

60.00%

FIIs (Foreign)

8.77%

DIIs (Domestic)

16.92%

Government

0.15%

Public / Retail

14.16%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	60.48%	60.36%	60.24%	60.12%	60.00%	59.88%	59.76%	59.64%
• Promoter & Promoter Group Family Trusts	28.80%	28.80%	28.80%	28.80%	28.80%	28.80%	28.80%	28.80%
• Operating Holding Companies & LLPs	22.80%	22.80%	22.80%	22.80%	22.80%	22.80%	22.80%	22.80%
• Key Executive Promoters (Individual)	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%	8.40%
+ FIIs (Foreign Portfolio)	8.48%	8.55%	8.63%	8.70%	8.77%	8.84%	8.91%	8.99%
• 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)	16.73%	16.78%	16.82%	16.87%	16.92%	16.97%	17.02%	17.06%
• 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)	14.16%	14.16%	14.16%	14.16%	14.16%	14.16%	14.16%	14.16%
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 →

🎙️

RBLBANK Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

RBLBANK Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

RBLBANK 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%

₹496.45

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

⚖️ Base Case (50%) +12.0%

₹434.39

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 72x P/E.

🐻 Bear Case (15%) -12.0%

₹341.31

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 • 20:45 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	Market Cap
★ RBL BANK Ltd (RBLBANK)	Target Stock	₹387.85	+2.34%	72.2x	5.4%	5.8%	₹63,645 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) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:45:20 IST	✓ Live Sync
Financial Statements (10Y)	RBL 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

RBL BANK Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About RBL 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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