J&KBANK
The Jammu & Kashmir Bank Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
J&KBANK
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹156 today
BEAR
₹109
-30%
11.9% a year · 4.5x exit
BASE
₹137
-12%
20.5% a year · 5.3x exit
BULL
₹205
+31%
27.9% a year · 7.5x exit
Where the market has priced it
4x7x today17x
- this company's own median multiple sits 50% below its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹21.43 (screener) |
|---|---|
| Guided growth | 20.5% a year, said on the call of 08-May-2026 · transcript |
| Read across as | lender: ROA x book growth — high confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 4.53x / 5.31x / 7.46x, this company’s own p20 / median / p80 across 8 filed years |
| Filed-industry peers | median 10.54x across 11 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 12%roa 1.37%roe 16%nim 3.5%gnpa 2.25%book growth 12%deposit growth 10%
In light of this evolving external environment, we have taken a conservative stance in our market guidance for '26-'27, which is a credit growth of 12%, deposit growth of 10%, CASA at 45%, NIM around 3.5%, RoA - maintain around the current
Call 08-May-2026 · bridge confidence high · transcript PDF