IDBI Bank Limited (IDBI.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+97.9%

₹154.01

vs ₹77.83 price

Levered DCF

₹96.56

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.43

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.18×	10.95×	15.49×	13.04×	18.14×	26.77×	-1.34×	-3.2×
P/B	0.96×	1.36×	1.75×	1.04×	1.08×	1.07×	0.57×	1.25×
P/S	1.85×	2.59×	3.04×	2.01×	2.08×	1.67×	0.81×	1.9×
EV / EBITDA	3.04×	7.26×	15.87×	12.3×	22.64×	1.36×	0.62×	-2.94×
Gross margin	59.6%	55.8%	58.5%	62.2%	58.7%	52.9%	43.9%	36.0%
Operating margin	32.8%	23.5%	19.6%	15.3%	11.4%	6.0%	-52.1%	-59.3%
Net margin	25.8%	23.7%	19.7%	15.4%	11.5%	6.3%	-52.0%	-59.4%
Current ratio	0×	0.14×	0.18×	30×	25.73×	50.97×	30.98×	11.31×
Debt / equity	0.41×	0.32×	0.71×	0.7×	0.76×	0.42×	0.77×	0.99×
Interest coverage	0.75×	0.53×	0.47×	0.4×	0.28×	0.13×	-0.93×	-0.93×
Dividend yield	3.4%	1.9%	1.2%	0.0%	0.0%	0.0%	0.1%	0.0%
Payout ratio	24.5%	21.1%	18.6%	0.3%	0.3%	0.5%	-0.2%	-0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.4%	12.4%	11.3%	8.0%	6.0%	4.0%	-36.8%	-39.1%
Return on invested capital	2.0%	4.4%	14.2%	5.7%	4.3%	0.9%	-43.4%	-83.2%
Return on assets	2.0%	1.8%	1.6%	1.1%	0.8%	0.5%	-4.3%	-4.7%
Free cash flow yield	17.5%	30.5%	20.6%	-6.0%	-9.0%	8.4%	-0.4%	-71.3%
Earnings yield	13.9%	9.1%	6.5%	7.7%	5.5%	3.7%	-64.1%	-31.2%
Enterprise value	₹372.8B	₹590B	₹1T	₹514.8B	₹681B	₹25.2B	-₹77.3B	₹428.8B
Net debt / EBITDA	-2.35×	-3.02×	1.66×	0.74×	7.34×	-20.54×	2.23×	0.35×
Cash conversion cycle (days)	0	170	-1,011	-1,305	-1,847	30	-957	-686