Federal Bank Ltd
FEDERALBNKFederal Bank Ltd's price has outrun its earnings. +64.3% in a year against EPS +4.1% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +64.3% in a year while annual EPS moved +4.1% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (39 weeks in) while the P/BV sits at the 95th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +36.9% year on year, and gross NPA has eased to 1.72%. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Federal Bank Ltd trades at ₹349, in a confirmed uptrend and 39 weeks into that stage. That is +26.1% against its own 200-day average. It sits at 100% of a 52-week range of ₹191 to ₹349. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 13 straight weeks.
Today the stock is in a confirmed uptrend — week 39 of stage 2, confirmed. At ₹349 it trades +26.1% versus its 200-day average and sits at 100% of its 52-week range (₹191–₹349).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +658% while the NIFTY 500 moved +280% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 13 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/BV sits at the 95th percentile of its own range.
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Federal Bank Ltd trades at 2.2× P/BV, at the pricey end of its own range (95th percentile). Its long-run median P/BV is 1.4×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/BV of 2.2× is at the pricey end of its own range (95th percentile), against a long-run median of 1.4× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
The honest context for that discount: a bank earning about 12% on its equity is worth less per rupee of book, and the market has priced that in rather than overlooked it. The discount closes only if the returns themselves improve.
🚨 Why the multiple sits where it does: over the past year book value grew while the price moved +64.3% — the price ran ahead of the book, pushing the multiple up its own range.
The price move, decomposed: over 5y, of the +31.8%/yr price move, ~+13.5%/yr came from book-value growth and ~+18.3 pp from the multiple (expanding); over 10y, of the +18.9%/yr price move, ~+13.4%/yr came from book-value growth and ~+5.5 pp from the multiple (expanding). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the book-value line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 3.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Federal Bank Ltd reads as turning around on its fundamental arc. Turning around — EPS growth swung from −1.1% at the trough to +15.2%, a 3-quarter improving streak, ROE slipping at 12.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +5.6% | +18.5% | +15.7% | +14.3% |
| Profit | +6.1% | +11.8% | +21.7% | +24.9% |
| EPS | +4.1% | +5.7% | +16.1% | +20.1% |
| Share price | +64.3% | +39.2% | +31.8% | +18.9% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
50.9/100 — rank 9 of 18 in Banks - Private · 75% evidence confidence
Federal Bank Ltd scores 50.9 out of 100 against the 18 companies it is compared with in Banks - Private, ranking 9. Price leads the evidence: RS versus the benchmark is 32.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 16.9 + 12.8 + 5.6 + 15.6 = 50.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Federal Bank Ltd reported ₹7,862 Cr of income in the Jun 26 quarter, +9.9% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.3% a year. The last full year, FY26, came in at ₹29,674 Cr. The last four reported quarters add to ₹30,385 Cr.
Federal Bank Ltd reported ₹7,862 Cr of income in the Jun 26 quarter, +9.9% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.3% a year. The last full year, FY26, came in at ₹29,674 Cr. The last four reported quarters add to ₹30,385 Cr.
FY26 revenue came in at ₹29,674 Cr (+5.6% on the year), capping 10 years at 14.3% compound. The latest quarter (Jun 26) printed ₹7,862 Cr, +9.9% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +6.5% growth against the decade's 14.3% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +6.5% over the last 4 quarters against +10.4%/yr over the last 8 — rolling over; TTM profit +17.0% vs +8.4%/yr — accelerating.
→ Revenue grew — did the net margin hold as it scaled? Next: 16.6% this quarter (+3.3 pp YoY).
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Federal Bank Ltd's net margin is 16.6% in the Jun 26 quarter, +3.3 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 6.2% to 18.0%. The current quarter sits inside that band.
Federal Bank Ltd's net margin is 16.6% in the Jun 26 quarter, +3.3 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 6.2% to 18.0%. The current quarter sits inside that band.
The latest quarter's net margin is 16.6%, +3.3 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 6.2%–18.0%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
→ The net margin held — did that reach the bottom line? Next: profit +36.9% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Federal Bank Ltd earned ₹1,302 Cr of net profit in the Jun 26 quarter, +36.9% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹4,491 Cr. The 10-year compound rate is 24.9%. That is 16.6% of the quarter's revenue. The same quarter a year earlier earned ₹951 Cr.
Federal Bank Ltd earned ₹1,302 Cr of net profit in the Jun 26 quarter, +36.9% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹4,491 Cr. The 10-year compound rate is 24.9%. That is 16.6% of the quarter's revenue. The same quarter a year earlier earned ₹951 Cr.
Jun 26 profit was ₹1,302 Cr, +36.9% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹4,491 Cr (+6.1%), and the 10-year compound rate is 24.9%.
Why profit moved: revenue contributed +9.9% and the margin +3.3 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +17.8% vs revenue +6.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit is up — how clean is the loan book behind it? Next: gross NPA is 1.72%, 2 quarters better in a row.
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Federal Bank Ltd's gross NPA is 1.72% of the loan book in Dec 25, down from 1.95% a year ago. Net of provisions already set aside, 0.42% remains. That is the 2nd straight quarter of improvement. Across the 10 quarters held here the book has ranged 1.72% to 2.28%.
Dec 25: gross NPA at 1.72% and net NPA at 0.42%, against 1.95% / 0.49% a year ago. Over the 10 quarters we hold, the book's worst reading was 2.28% and its best is 1.72% — which is the current print. The ladder has now improved for 2 consecutive quarters.
The synthesis: profit growth at a bank is only as good as the book behind it, and this book is healing on a multi-quarter streak. A note on depth: quarterly provisioning detail is not in our numbers yet, so this ladder reads levels and trend, not the cost of the cleanup.
Why the ladder moved: recoveries, write-offs and slippages each play a part, and that split sits below what we hold — the numbers show the healing; the driver mix does not travel with them.
→ Behind a cleaner book — is the book itself still growing? Next: revenue grew +5.6% in FY26.
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Federal Bank Ltd's revenue grew +5.6% in FY26 to ₹29,674 Cr, so the book is growing. The latest quarter ran +9.9% year on year. The net margin on that income is 16.6%, +3.3 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.
FY26 revenue was ₹29,674 Cr, +5.6% on the year, and the latest quarter ran +9.9% year on year. The net margin on that revenue is 16.6% this quarter (+3.3 pp YoY) — growth with a widening margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
→ Does all of this actually earn its keep on equity? Next: ROE is 12%.
Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.
Federal Bank Ltd earns a return on equity of 12% in FY26. Its trough over the ladder below was 6% in FY16. For a lender the balance sheet is the operating asset, so equity return and asset return have to be read together.
FY26 ROE came in at 12%, recovered from a FY16 trough of 6%. On assets, the latest reading is about null% — every ₹100 the bank deploys earns roughly null a year. That return is below the bar a bank must clear to compound book value quickly — which is also the honest reason the stock trades where it does.
Why ROE moved: profit compounded 24.9% a year over 10 years while the equity base grew more slowly — earnings recovering faster than book value builds is what lifts ROE off a trough.
The quarterly return-on-equity and return-on-assets curves, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 3.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Who owns this bank, and are they adding or leaving? Next: Domestic institutions added 4.3 points over 8 quarters.
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 4.3 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 4.3 points of Federal Bank Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 49.3% of the company. Foreign institutions moved −0.9 points over the same window, to 27.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +4.3 points over 8 quarters to 49.3%; Foreign institutions: −0.9 points over 8 quarters to 27.7%.
Why the register moved: domestic institutions drove it (+4.3 points), absorbed on the other side by foreign institutions (−0.9 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Federal Bank Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
| Company | P/BV | Mkt cap | Revenue | EPS | ROE | Stage |
|---|---|---|---|---|---|---|
| Federal Bank Ltd this page | 2.2× | ₹87,481 Cr | Turning around | |||
| HDFC Bank Ltd | 1.9× | ₹11.4L Cr | Consistent | |||
| ICICI Bank Ltd | 2.7× | ₹10.3L Cr | Consistent | |||
| Kotak Mahindra Bank Ltd | 2.1× | ₹3.8L Cr | Turning around | |||
| Axis Bank Ltd | 1.7× | ₹3.8L Cr | Mixed | |||
| IndusInd Bank Ltd | 1.2× | ₹77,606 Cr | Turning around | |||
| Yes Bank Ltd | 1.4× | ₹72,033 Cr | Mixed | |||
| IDFC First Bank Ltd | 1.4× | ₹69,616 Cr | Turning around | |||
| RBL Bank Ltd | 1.3× | ₹54,649 Cr | Turning around | |||
| Karur Vysya Bank Ltd | 2.3× | ₹32,756 Cr | Consistent | |||
| Bandhan Bank Ltd | 1.1× | ₹26,733 Cr | Turning around | |||
| City Union Bank Ltd | 2.1× | ₹21,773 Cr | Consistent | |||
| Jammu and Kashmir Bank Ltd | 1.1× | ₹19,003 Cr | Turning around | |||
| Tamilnad Mercantile Bank Ltd | 1.3× | ₹12,739 Cr | Consistent | |||
| South Indian Bank Ltd | 1.0× | ₹12,179 Cr | Consistent | |||
| Karnataka Bank Ltd | 0.8× | ₹10,581 Cr | Turning around | |||
| DCB Bank Ltd | 0.9× | ₹5,998 Cr | Consistent | |||
| Dhanlaxmi Bank Ltd | 0.9× | ₹1,353 Cr | Mixed |
Frequently asked questions
What is Federal Bank Ltd's share price today?
Federal Bank Ltd trades at ₹349, +64.3% over the past year. The company is valued at ₹87,481 Cr. The stock sits at 100% of its 52-week range of ₹191–₹349, +26.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 39 weeks in. — as of 24 July 2026.
What were Federal Bank Ltd's latest quarterly results?
Federal Bank Ltd reported total income of ₹7,862 Cr and net profit of ₹1,302 Cr for the Jun 26 quarter. Income rose 9.9% and profit rose 36.9% year on year. Earnings per share were ₹5.09. The net margin was 16.6%, 3.3 pp higher than a year earlier. — as of 24 July 2026.
What is Federal Bank Ltd's revenue?
Federal Bank Ltd reported revenue of ₹7,862 Cr in the Jun 26 quarter, +9.9% year on year. For the full FY26 fiscal year, revenue was ₹29,674 Cr (+5.6%). Over the last 10 years revenue compounded at 14.3% a year. — as of 24 July 2026.
What is Federal Bank Ltd's profit?
Federal Bank Ltd earned ₹1,302 Cr of net profit in the Jun 26 quarter, +36.9% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹4,491 Cr. The net margin ran 16.6% in the latest quarter. — as of 24 July 2026.
What is Federal Bank Ltd's market cap?
Federal Bank Ltd's market capitalisation is ₹87,481 Cr at a share price of ₹349. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Federal Bank Ltd's P/BV ratio?
Federal Bank Ltd trades at a P/BV of 2.2×, at the 95th percentile of its own 10-year range, against a long-run median of 1.4×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Federal Bank Ltd pay a dividend?
Yes — Federal Bank Ltd's dividend payout was 7% of profit in FY26, and it recorded a payout in 12 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Federal Bank Ltd overvalued?
On its own history, Federal Bank Ltd looks expensive against its own history: its P/BV of 2.2× sits at the 95th percentile of its 10-year range (long-run median 1.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Federal Bank Ltd growing?
Yes — Federal Bank Ltd is growing: latest-quarter revenue +9.9% year on year, profit +36.9%, and the the net margin +3.3 pp at 16.6%. The 10-year compound rates are 14.3% (revenue) and 24.9% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Federal Bank Ltd performing?
Federal Bank Ltd is in a confirmed uptrend, 39 weeks in. Its latest quarter's income rose 9.9% and profit rose 36.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 13 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Federal Bank Ltd in?
Turning around — EPS growth swung from −1.1% at the trough to +15.2%, a 3-quarter improving streak, ROE slipping at 12.0%. The read comes from the last 12 quarters of growth (revenue growth +6.5% latest, profit growth +17.0% latest, eps growth +15.2% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Federal Bank Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 39 of stage 2), trading +26.1% versus its 200-day average and at 100% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Federal Bank Ltd beating the market?
On recent form, yes — Federal Bank Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 13 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +658% against the NIFTY 500's +280% — ahead of the index over the full window. — as of 24 July 2026.
Will Federal Bank Ltd's share price go up?
This page publishes no price forecast for Federal Bank Ltd. What it measures instead: the share price is ₹349, the price is in a confirmed uptrend 39 weeks in. Its P/BV of 2.2× sits at the 95th percentile of its own 10-year range. — as of 24 July 2026.
Is Federal Bank Ltd's loan book healthy?
Gross NPA is 1.72% of Federal Bank Ltd's loan book, down from 1.95% a year ago — the 2nd straight quarter of improvement, and net NPA stands at 0.42%. Falling NPAs are a loan book healing; rising NPAs are damage arriving — as of 24 July 2026.
Where is Federal Bank Ltd in its business cycle?
Federal Bank Ltd's FY26 net margin was 15.1%, against a 13-year band of 6.2%–18.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 16.6%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Federal Bank Ltd story?
The sharpest disagreement: the price moved +64.3% in a year while annual EPS moved +4.1% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Federal Bank Ltd a stock worth studying right now?
This is not investment advice. The machine read: Federal Bank Ltd's price has outrun its earnings. +64.3% in a year against EPS +4.1% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.