J&KBANK
J & K Bank share price & financials
- Price
- ₹147.28
- Market cap
- ₹16.3k Cr
- Sector
- Financial Services
- Calls analysed
- 5
J & K Bank Q1 FY27
What went well
- Operating profit for Q1 FY27 was INR703 crores, registering a 5% Y-o-Y growth.
- Deposits grew 16.75% Y-o-Y and advances grew 25.44% Y-o-Y, outpacing system growth.
- The bank crossed the INR3 trillion business figure, marking a significant milestone.
What to watch
- Net profit for Q1 FY27 was INR424 crores, which is below the number for the corresponding year last year.
- Other income was relatively subdued due to lower recoveries from technically written-off accounts.
What J & K Bank does
Jammu and Kashmir Bank is a private-sector scheduled commercial bank that takes deposits and extends loans through a branch and ATM network concentrated in the Union Territories of J&K and Ladakh, with a growing presence across the rest of India. It is the RBI-designated Agency Bank for government banking business in J&K and Ladakh and the sole private-sector bank acting as Convenor Bank for the state/UT-level bankers' committees (UTLBC/SLBC) in the region. The Bank also sponsors Jammu and Kashmir Grameen Bank, a regional rural bank, and distributes life and general insurance products under bancassurance tie-ups. Its wholly owned subsidiary, JKB Financial Services Limited, extends its financial-services footprint beyond core banking.
- Branch network
- 1,017 branches across 22 states & UTs (841 in J&K, 37 in Ladakh, 139 in the rest of India)
- ATM network
- 1,437 ATMs
- Market position in J&K and Ladakh
- Market leader by banking business in both Union Territories
- Wholly owned subsidiary
- JKB Financial Services Limited
- Regional Rural Bank sponsorship
- Sponsor bank of Jammu and Kashmir Grameen Bank — only private-sector bank sponsoring an RRB
- RBI Agency Bank status
- Designated Agency Bank for RBI government banking business in the UTs of J&K and Ladakh
Guidance record · Q1 FY27
updates from the last two tracked quarters 19 tracked 6 delivered 3 missed 10 open- Gross NPA delivered said Q1 FY26 Promised: below 3% Q1 FY27: Promise for FY26 concluded as achieved. The metric has further improved to 2.37% in Q1 FY27, demonstrating continued strength in asset quality.
- CASA Ratio missed said Q1 FY26 Promised: 48% Q1 FY27: Promise for FY26 concluded. The CASA ratio continued its decline to 42.06% in Q1 FY27, indicating the revised target of 45% for FY26 was missed.
- Credit-to-Deposit Ratio on track said Q3 FY26 Promised: 76% to 77% Q1 FY27: Advances growth (25.44% YoY) significantly outpaced deposit growth (16.75% YoY), indicating the CD ratio is moving towards the medium-term target of 76-77%.
All 19 tracked — see the targets, revisions and supporting evidence.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 8.5%, net profit down 11.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,124 | 3,210 | 3,213 | 3,269 | 3,293 +5% | 3,315 +3% | 3,273 +2% | 3,547 +9% |
| Net profit | 553 | 529 | 582 | 485 | 495 −10% | 581 +10% | 799 +37% | 429 −12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +44.6% 1Y
1Y: ₹101.88 on 16 Sept 2025 → ₹147.28. High ₹186.93 (21 Jul 2026), low ₹98.09 (29 Dec 2025).
How the price took the results
close before → close after
- Q1 FY27
- −12.8%
- 29 Jul
- Q3 FY26
- −3.8%
- 20 Jan
- Q2 FY26
- +1.9%
- 18 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Valuation and ratios
Current values use the same calculations as the financial screener. Compare FY and TTM where available. Each ratio shows its reporting period.
- Return on capital employed
- 5.96%
- TTM to Jun 2026
How it is calculated
Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
- 5.84%
- FY ending Mar 2026
How it is calculated
Adjusted EBIT ÷ average capital employed, including minority equity and deposits.
- Return on equity
- 15.01%
- TTM to Jun 2026
How it is calculated
Adjusted profit attributable to owners ÷ average owners’ equity.
- 15.36%
- FY ending Mar 2026
How it is calculated
Adjusted profit attributable to owners ÷ average owners’ equity.
- Return on assets
- 1.29%
- TTM to Jun 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ average total assets.
- 1.32%
- FY ending Mar 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ average total assets.
- Operating margin (EBITDA)
- —
- TTM to Jun 2026
How it is calculated
Operating profit ÷ revenue.
- —
- FY ending Mar 2026
How it is calculated
Operating profit ÷ revenue.
- Net margin
- 17.16%
- TTM to Jun 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ revenue.
- 17.94%
- FY ending Mar 2026
How it is calculated
Total profit excluding exceptional items after tax ÷ revenue.
- Free cash flow margin
- —
- FY ending Mar 2026
How it is calculated
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
- Cash conversion (CFO/PAT)
- -47.71%
- FY ending Mar 2026
How it is calculated
Operating cash flow ÷ reported total net profit.
- Capex intensity
- —
- FY ending Mar 2026
How it is calculated
Fixed-asset purchases ÷ revenue.
- Revenue growth (YoY)
- 4.78%
- TTM to Jun 2026
How it is calculated
Revenue change against the same period one year earlier.
- 4.86%
- FY ending Mar 2026
How it is calculated
Revenue change against the same period one year earlier.
- PAT growth (YoY)
- 7.21%
- TTM to Jun 2026
How it is calculated
Adjusted profit attributable to owners vs the same period one year earlier.
- 13.36%
- FY ending Mar 2026
How it is calculated
Adjusted profit attributable to owners vs the same period one year earlier.
- EBITDA growth (YoY)
- —
- TTM to Jun 2026
How it is calculated
Operating profit vs the same period one year earlier.
- —
- FY ending Mar 2026
How it is calculated
Operating profit vs the same period one year earlier.
- Debt to equity
- 0.21×
- FY ending Mar 2026
How it is calculated
Borrowings ÷ owners’ equity.
- Interest coverage
- 1.39×
- TTM to Jun 2026
How it is calculated
Adjusted EBIT ÷ interest expense.
- 1.41×
- FY ending Mar 2026
How it is calculated
Adjusted EBIT ÷ interest expense.
- Asset turnover
- 0.07×
- TTM to Jun 2026
How it is calculated
Revenue ÷ average total assets.
- 0.07×
- FY ending Mar 2026
How it is calculated
Revenue ÷ average total assets.
- Net debt
- ₹-4,191.00 Cr
- FY ending Mar 2026
How it is calculated
Borrowings less cash equivalents.
- Net debt / EBITDA
- —
- TTM to Jun 2026
How it is calculated
(Borrowings − cash equivalents) ÷ adjusted EBITDA.
- —
- FY ending Mar 2026
How it is calculated
(Borrowings − cash equivalents) ÷ adjusted EBITDA.
- Financial leverage (average assets/equity)
- 10.86×
- FY ending Mar 2026
How it is calculated
Average total assets ÷ closing owners’ equity.
- Net interest income
- ₹5,913.00 Cr
- TTM to Jun 2026
How it is calculated
Interest earned less interest expense.
- ₹5,882.00 Cr
- FY ending Mar 2026
How it is calculated
Interest earned less interest expense.
- Deposit growth
- 11.30%
- FY ending Mar 2026
How it is calculated
Deposits vs the same period one year earlier.
- Price to earnings
- 7.05×
- TTM to Jun 2026
How it is calculated
Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
- 6.89×
- FY ending Mar 2026
How it is calculated
Current market cap ÷ adjusted profit attributable to owners for the selected income period. Uses current market cap, not the share price at the period end.
- Price to book
- 0.99×
- TTM to Jun 2026
How it is calculated
Market cap ÷ owners’ equity from the balance sheet selected for the TTM inputs. Uses current market cap, not the share price at the period end.
- EV / EBITDA
- —
- TTM to Jun 2026
How it is calculated
(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
- —
- FY ending Mar 2026
How it is calculated
(Market cap + borrowings + deposits − cash equivalents) ÷ adjusted EBITDA. Uses current market cap, not the share price at the period end.
- Earnings yield
- 5.88%
- TTM to Jun 2026
How it is calculated
Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
- 5.77%
- FY ending Mar 2026
How it is calculated
Adjusted EBIT ÷ enterprise value. Uses current market cap, not the share price at the period end.
- Debtor days
- —
- FY ending Mar 2026
How it is calculated
Reported receivable days from the annual accounts.
- Inventory days
- —
- FY ending Mar 2026
How it is calculated
Reported inventory days, using material cost / cost of goods sold.
- Days payable
- —
- FY ending Mar 2026
How it is calculated
Reported payable days, using material cost / cost of goods sold.
- Cash conversion cycle
- —
- FY ending Mar 2026
How it is calculated
Reported debtor days plus inventory days less payable days.
- Working capital days
- —
- FY ending Mar 2026
How it is calculated
Reported net working capital days from the annual accounts.
- Dividend payout
- 0.00%
- FY ending Mar 2026
How it is calculated
Reported dividend payout as a percentage of annual profit.
- Market cap
- ₹16,254.00 Cr
- Current market cap
How it is calculated
Market capitalisation from the current stock record.
A dash means inputs are missing or too old, the ratio does not apply, or the value is outside our supported range. FY uses the reported fiscal period; TTM uses the latest twelve months. Valuations use current market cap with the selected earnings period.
Screen Indian stocks using these ratios →Annual ratio history
| Period ending | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on capital employed | 4.37% | 4.01% | 4.92% | 5.90% | 6.15% | 5.84% |
| Return on equity | 6.51% | 6.65% | 13.13% | 16.03% | 15.76% | 15.36% |
| Return on assets | 0.37% | 0.39% | 0.85% | 1.18% | 1.28% | 1.32% |
| Operating margin (EBITDA) | — | — | — | — | — | — |
| Net margin | 5.28% | 6.18% | 12.61% | 15.79% | 16.59% | 17.94% |
| Free cash flow margin | — | — | — | — | — | — |
| Cash conversion (CFO/PAT) | -3.27% | -316.77% | -34.46% | -48.16% | 130.79% | -47.71% |
| Capex intensity | — | — | — | — | — | — |
| Revenue growth (YoY) | -3.97% | -1.21% | 16.75% | 19.86% | 11.84% | 4.86% |
| PAT growth (YoY) | — | 15.65% | 138.38% | 50.00% | 17.57% | 13.36% |
| EBITDA growth (YoY) | — | — | — | — | — | — |
| Debt to equity | 0.30× | 0.29× | 0.29× | 0.24× | 0.17× | 0.21× |
| Interest coverage | 1.12× | 1.18× | 1.39× | 1.40× | 1.44× | 1.41× |
| Asset turnover | 0.07× | 0.06× | 0.07× | 0.07× | 0.08× | 0.07× |
| Net debt | ₹-1,670.00 Cr | ₹-5,379.00 Cr | ₹-4,902.00 Cr | ₹-4,365.00 Cr | ₹-5,002.00 Cr | ₹-4,191.00 Cr |
| Net debt / EBITDA | — | — | — | — | — | — |
| Financial leverage (average assets/equity) | 16.84× | 15.53× | 13.97× | 12.32× | 11.40× | 10.86× |
| Net interest income | ₹3,771.00 Cr | ₹3,912.00 Cr | ₹4,746.00 Cr | ₹5,205.00 Cr | ₹5,800.00 Cr | ₹5,882.00 Cr |
| Deposit growth | 10.49% | 6.16% | 6.39% | 10.44% | 10.23% | 11.30% |
| Debtor days | — | — | — | — | — | — |
| Inventory days | — | — | — | — | — | — |
| Days payable | — | — | — | — | — | — |
| Cash conversion cycle | — | — | — | — | — | — |
| Working capital days | — | — | — | — | — | — |
| Dividend payout | 0.00% | 0.00% | 4.00% | 13.00% | 11.00% | 0.00% |
The same formulas applied to each reported year. Periods longer or shorter than twelve months are labelled and are not annualised. Current prices are not used for historical valuations.
Financials, as filed
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹9.4k Cr | ₹11.2k Cr | ₹12.5k Cr | ₹13.2k Cr |
| Interest | ₹4.6k Cr | ₹6.0k Cr | ₹6.7k Cr | ₹7.3k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1.2k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹2.4k Cr |
| Cash from operations | ₹-407 Cr | ₹-853 Cr | ₹2.7k Cr | ₹-1.1k Cr |
| Free cash flow | ₹-531 Cr | ₹-1.0k Cr | ₹2.6k Cr | ₹-1.6k Cr |
How to read this
Reported financial amounts. Ratios and their reporting periods are shown above.
Balance sheet
| Year ending | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | ₹93 Cr | ₹103 Cr | ₹110 Cr | ₹110 Cr | ₹110 Cr | ₹110 Cr |
| Reserves | ₹8.0k Cr | ₹9.8k Cr | ₹12.1k Cr | ₹14.1k Cr | ₹14.8k Cr | ₹16.4k Cr |
| Borrowings | ₹2.4k Cr | ₹2.9k Cr | ₹2.9k Cr | ₹2.4k Cr | — | ₹3.4k Cr |
| Deposits | ₹114.7k Cr | ₹122.0k Cr | ₹134.8k Cr | ₹148.6k Cr | — | ₹165.3k Cr |
| Other liabilities | ₹5.4k Cr | ₹11.1k Cr | ₹4.7k Cr | ₹4.3k Cr | ₹5.3k Cr | ₹3.7k Cr |
| Total liabilities | ₹130.6k Cr | ₹145.9k Cr | ₹154.5k Cr | ₹169.4k Cr | ₹174.6k Cr | ₹189.0k Cr |
| Fixed assets | ₹1.9k Cr | ₹2.2k Cr | ₹2.2k Cr | ₹2.1k Cr | ₹2.2k Cr | ₹2.4k Cr |
| Capital work in progress | ₹46 Cr | ₹47 Cr | ₹50 Cr | ₹66 Cr | ₹0 Cr | ₹88 Cr |
| Investments | ₹33.8k Cr | ₹34.8k Cr | ₹34.9k Cr | ₹41.1k Cr | ₹44.2k Cr | ₹40.5k Cr |
| Other assets | ₹94.8k Cr | ₹108.9k Cr | ₹117.3k Cr | ₹126.1k Cr | ₹128.2k Cr | ₹145.9k Cr |
| Total assets | ₹130.6k Cr | ₹145.9k Cr | ₹154.5k Cr | ₹169.4k Cr | ₹174.6k Cr | ₹189.0k Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −3.35 pp while DIIs added +1.98 pp. The shareholder count shrank 17% to 2,19,636.
- Promoters
- 59.4%
- FIIs
- 9.4%
- DIIs
- 7.8%
- Public
- 23.4%
Since Jun 2025
- Public −3.35 pp
- DIIs +1.98 pp
- FIIs +1.37 pp
How it drifted, 12 quarters
Over this window FIIs went from 2.6% to 9.4% — +6.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 63.4%, FIIs 2.6%, DIIs 4.9%, Public 29.1%.Dec '23: Promoters 59.4%, FIIs 5.8%, DIIs 7.8%, Public 27.0%.Mar '24: Promoters 59.4%, FIIs 7.0%, DIIs 7.9%, Public 25.7%.Jun '24: Promoters 59.4%, FIIs 7.2%, DIIs 6.7%, Public 26.7%.Sep '24: Promoters 59.4%, FIIs 6.5%, DIIs 6.4%, Public 27.7%.Dec '24: Promoters 59.4%, FIIs 7.1%, DIIs 6.8%, Public 26.7%.Mar '25: Promoters 59.4%, FIIs 7.6%, DIIs 6.7%, Public 26.3%.Jun '25: Promoters 59.4%, FIIs 8.0%, DIIs 5.9%, Public 26.7%.Sep '25: Promoters 59.4%, FIIs 7.8%, DIIs 5.8%, Public 27.0%.Dec '25: Promoters 59.4%, FIIs 8.1%, DIIs 5.8%, Public 26.6%.Mar '26: Promoters 59.4%, FIIs 8.3%, DIIs 6.0%, Public 26.3%.Jun '26: Promoters 59.4%, FIIs 9.4%, DIIs 7.8%, Public 23.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Kotak Mahindra Trustee Co Ltd A/C Kotak Special Opportunities Fund Mutual fund +1.26 pp 4.53% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of J & K Bank above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Chief Secretary Jammu And Kashmir Govt | 51.89% | unchanged |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Special Opportunities Fund Mutual fund | 4.53% | +1.26 pp |
| Finance Secretary Ut Ladakh | 4.16% | unchanged |
| Secretary Finance Deptt Jammu And Kashmir Govt | 3.35% | unchanged |
| Bowhead India Fund FPI fund | 1.99% | unchanged |
| Mukul Mahavir Agrawal | 1.50% | unchanged |
| Sanjeev Arora | 1.22% | unchanged |
| Life Insurance Corporation Of India Insurer | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in J&KBANK
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.13 L shares (+1.1%).
- Held by funds
- ₹17 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹10 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹10 Cr | +0.09 L | Mar '24 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹5 Cr | +0.04 L | Mar '24 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +12,749 shares (+1.1%)
- Funds are sitting on
- +23%
- vs est. average cost
- Held by funds
- ₹17 Cr
- 5 schemes · ≈ 0.10% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹10 Cr · 0.3% of that fund
Shares held by these funds +160%
Mar '24 11.38 L shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse J & K Bank
Guides on how to read this kind of business and the numbers that matter.