The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.[1].It is the second-largest bank and the largest private sector bank in Kerala[2]
Key Ratios - FY25[1]Capital Adequacy Ratio (CRAR):16.40%Net Interest Margin (NIM):3.13% (annualized); Q4 NIM at 3.12%Gross NPA:1.84%Net NPA:0.44%CASA Ratio:30.23%
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HDFC Bank | 930.90 | 19.77 | 1432150.37 | 1.19 | 20363.77 | 10.01 | 86993.84 | 4.81 | 7.51 | 346185.22 | 42.61 | 72360.07 | 19610.67 | 2.63 | 1.74 | 6.30 |
| 2. | ICICI Bank | 1414.35 | 19.04 | 1011568.72 | 0.78 | 14318.15 | 3.16 | 48180.91 | 4.00 | 7.87 | 192684.91 | 28.30 | 53300.25 | 13357.06 | 3.03 | 2.18 | 5.58 |
| 3. | Kotak Mah. Bank | 418.95 | 22.37 | 416666.51 | 0.12 | 4468.27 | -11.42 | 17198.74 | 4.70 | 8.17 | 67852.12 | 27.80 | 18574.23 | 4468.27 | 2.52 | 2.68 | 3.62 |
| 4. | Axis Bank | 1293.00 | 15.43 | 401516.36 | 0.08 | 5566.56 | -25.31 | 32309.77 | 2.24 | 7.11 | 129272.60 | 59.67 | 25988.99 | 5527.85 | 2.04 | 1.78 | 7.28 |
| 5. | IDBI Bank | 104.35 | 11.93 | 112201.33 | 1.98 | 3240.77 | 73.56 | 7109.01 | -4.51 | 6.78 | 28937.85 | 70.49 | 9284.32 | 3229.58 | 1.67 | 1.97 | 4.81 |
| 6. | IndusInd Bank | 951.10 | – | 74097.87 | 0.00 | -436.88 | -132.82 | 11608.63 | -8.49 | 6.47 | 47307.12 | 46.88 | -759.35 | -436.88 | 1.13 | 0.48 | 6.70 |
| 7. | Yes Bank | 23.44 | 25.93 | 73552.31 | 0.00 | 664.31 | 17.25 | 7388.75 | -4.50 | 6.36 | 30449.57 | 59.65 | 2836.87 | 664.31 | 1.49 | 0.59 | 7.29 |
| 8. | Federal Bank | 270.35 | 17.12 | 66555.49 | 0.44 | 1041.21 | 8.98 | 6867.50 | 0.86 | 6.95 | 26944.65 | 66.59 | 3888.45 | 1041.21 | 1.92 | 1.23 | 8.75 |
| – | Median: 20 Co. | 269.48 | 15.43 | 24647.37 | 0.72 | 361.06 | 6.86 | 4430.65 | 4.75 | 6.91 | 17851.24 | 59.66 | 1413.43 | 361.06 | 1.41 | 1.35 | 7.29 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – | – | – | – |
Expenses | 1,427 | 1,415 | 1,425 | 1,504 | 1,506 | 1,640 | 1,744 | 1,851 | 1,924 | 2,070 | 2,056 | 2,294 | 2,296 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 610 | 534 | 734 | 732 | 730 | 863 | 754 | 915 | 964 | 916 | 1,006 | 1,113 | 1,082 |
Profit before tax | 944 | 1,076 | 1,218 | 1,147 | 1,281 | 1,346 | 1,205 | 1,357 | 1,407 | 1,277 | 1,327 | 1,156 | 1,281 |
Tax % | 25% | 25% | 26% | 26% | 26% | 25% | 25% | 26% | 25% | 25% | 22% | 25% | 25% |
Net Profit | 704 | 804 | 903 | 854 | 954 | 1,007 | 906 | 1,010 | 1,057 | 955 | 1,030 | 862 | 955 |
EPS in Rs | 3.34 | 3.80 | 4.27 | 4.03 | 4.06 | 4.14 | 3.72 | 4.12 | 4.31 | 3.89 | 4.20 | 3.51 | 3.88 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – | – | – | – |
Expenses | 1,617 | 1,663 | 2,491 | 2,706 | 3,275 | 3,500 | 4,428 | 5,251 | 5,392 | 5,353 | 6,179 | 7,634 | 9,002 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 694 | 878 | 808 | 1,082 | 1,159 | 1,351 | 1,931 | 1,959 | 2,089 | 2,330 | 3,079 | 3,801 | 4,301 |
Interest | 4,717 | 5,039 | 5,240 | 5,625 | 6,170 | 7,243 | 8,562 | 8,224 | 7,699 | 9,571 | 13,895 | 16,897 | 17,082 |
Depreciation | 94 | 75 | 105 | 122 | 123 | 120 | 119 | 104 | 123 | 165 | 215 | 267 | 0 |
Profit before tax | 1,212 | 1,521 | 720 | 1,306 | 1,344 | 1,907 | 2,033 | 2,137 | 2,536 | 4,044 | 4,978 | 5,368 | 5,161 |
Net Profit | 839 | 1,006 | 476 | 831 | 879 | 1,244 | 1,543 | 1,590 | 1,890 | 3,011 | 3,721 | 4,052 | 3,888 |
EPS in Rs | 4.90 | 5.87 | 2.77 | 4.82 | 4.46 | 6.27 | 7.74 | 7.97 | 8.99 | 14.23 | 15.28 | 16.50 | 15.82 |
Dividend Payout % | 20% | 19% | 25% | 19% | 22% | 22% | 0% | 9% | 20% | 7% | 8% | 7% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 171 | 171 | 344 | 345 | 394 | 397 | 399 | 399 | 421 | 423 | 487 | 491 | 492 |
Reserves | 6,780 | 7,567 | 7,747 | 8,598 | 11,816 | 12,876 | 14,119 | 15,725 | 18,373 | 21,083 | 28,607 | 32,929 | 34,564 |
Borrowings | – | – | – | – | – | – | – | – | – | – | – | – | – |
Other Liabilities | 2,224 | 1,979 | 2,204 | 2,473 | 2,578 | 3,331 | 3,458 | 3,530 | 5,059 | 6,130 | 8,657 | 8,210 | 14,138 |
Total Liabilities | 74,594 | 82,850 | 94,581 | 114,977 | 138,314 | 159,340 | 180,638 | 201,367 | 220,946 | 260,342 | 308,312 | 349,005 | 356,080 |
Fixed Assets | 402 | 440 | 504 | 475 | 448 | 455 | 455 | 479 | 606 | 853 | 954 | 1,407 | 1,453 |
Gross Block | 917.38 | 1,027.08 | 1,188.96 | 1,265.99 | 1,317.15 | 1,398.07 | 1,416.44 | 1,522.60 | 1,748.88 | 2,109.94 | 2,386.45 | 3,079.98 | – |
Accumulated Depreciation | 515.04 | 587.03 | 684.74 | 791.45 | 869.07 | 943.12 | 961.04 | 1,043.58 | 1,143.12 | 1,256.83 | 1,432.28 | 1,672.84 | – |
CWIP | 23 | 27 | 16 | 15 | 9 | 17 | 25 | 12 | 28 | 81 | 66 | 71 | 0 |
Investments | 24,118 | 20,569 | 25,155 | 28,196 | 30,781 | 31,824 | 35,893 | 37,186 | 39,179 | 48,983 | 60,860 | 66,246 | 70,347 |
Other Assets | 50,051 | 61,815 | 68,906 | 86,291 | 107,076 | 127,043 | 144,265 | 163,690 | 181,133 | 210,424 | 246,432 | 281,281 | 284,280 |
Total Assets | 74,594 | 82,850 | 94,581 | 114,977 | 138,314 | 159,340 | 180,638 | 201,367 | 220,946 | 260,342 | 308,312 | 349,005 | 356,080 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 1,225 | 5,164 | -1,519 | 3,757 | -4,697 | 8,171 | 4,884 | 12,207 | -6,497 | 2,870 | 7,553 | 10,073 |
Cash from Investing Activity | -736 | -1,364 | 1,991 | -2,383 | -1,576 | -3,372 | -4,665 | -3,900 | 806 | -9,834 | -8,856 | -3,748 |
Cash from Financing Activity | 321 | -3,549 | 168 | 659 | 8,025 | -3,936 | 2,289 | -1,290 | 7,110 | 3,643 | 2,577 | 5,571 |
Net Cash Flow | 809 | 251 | 640 | 2,032 | 1,751 | 863 | 2,508 | 7,017 | 1,419 | -3,322 | 1,274 | 11,896 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | – | – | – | – | – | – | – | – | – | – | – | – |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | – | – | – | – | – | – | – | – | – | – | – | – |
Working Capital Days | – | – | – | – | – | – | – | – | – | – | – | – |
ROCE % | – | – | – | – | – | – | – | – | – | – | – | – |
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Stock Analysis
The Federal Bank Limited is a significant private sector bank in India, offering a comprehensive suite of banking products and services, with a strong presence and expanding national reach.
The bank's growth is supported by its focus on digital banking, CASA growth, expanding fee income, strategic stake increases in its insurance joint venture, and capital infusion plans.
Currently no data available for Order Book.
Historical concerns include geographic concentration and relatively lower CASA ratios compared to peers, although these are being actively managed. The bank also faces typical banking sector risks and has noted contingent liabilities.
The trading window for Q3 FY26 results was closed from January 1, 2026, with the Board meeting to approve results on January 16, 2026, the same day the earnings call recording was made available.
Corporate Announcements
