J&KBANK
J & K Bank share price & financials
- Price
- ₹182.69
- Market cap
- ₹17.2k 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
what the last two calls moved 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 — every revision, and every one management stopped mentioning.
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 +43.6% 1Y
1Y: ₹101.13 on 10 Sept 2025 → ₹145.27. 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.
Financials, as filed
Revenue grew 12.0% a year over 3 years, FY23 to FY26.
| 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 |
| Net margin | 12.6% | 15.8% | 16.6% | 17.9% |
| 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 |
| ROE | 13.0% | 16.0% | 16.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹71 Cr | ₹93 Cr | ₹103 Cr | ₹110 Cr | ₹110 Cr | ₹110 Cr |
| Reserves | ₹6.7k Cr | ₹8.0k Cr | ₹9.8k Cr | ₹12.1k Cr | ₹14.8k Cr | ₹16.4k Cr |
| Borrowings | ₹2.0k Cr | ₹2.4k Cr | ₹2.9k Cr | ₹2.9k Cr | — | ₹3.4k Cr |
| Deposits | ₹108.0k Cr | ₹114.7k Cr | ₹122.0k Cr | ₹134.8k Cr | — | ₹165.3k Cr |
| Other liabilities | ₹3.4k Cr | ₹5.4k Cr | ₹11.1k Cr | ₹4.7k Cr | ₹5.3k Cr | ₹3.7k Cr |
| Total liabilities | ₹120.3k Cr | ₹130.6k Cr | ₹145.9k Cr | ₹154.5k Cr | ₹174.6k Cr | ₹189.0k Cr |
| Fixed assets | ₹2.0k Cr | ₹1.9k Cr | ₹2.2k Cr | ₹2.2k Cr | ₹2.2k Cr | ₹2.5k Cr |
| Capital work in progress | ₹41 Cr | ₹46 Cr | ₹47 Cr | ₹50 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹30.8k Cr | ₹33.8k Cr | ₹34.8k Cr | ₹34.9k Cr | ₹44.2k Cr | ₹40.5k Cr |
| Other assets | ₹87.5k Cr | ₹94.8k Cr | ₹108.9k Cr | ₹117.3k Cr | ₹128.2k Cr | ₹145.9k Cr |
| Total assets | ₹120.3k Cr | ₹130.6k Cr | ₹145.9k Cr | ₹154.5k Cr | ₹174.6k Cr | ₹189.0k Cr |
How to read this
As filed each year. 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
- +52%
- vs est. average cost
- Held by funds
- ₹17 Cr
- 5 schemes · ≈ 0.12% 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.