Indian Overseas Bank Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Indian Overseas Bank, or IOB, is a public sector bank with headquarters in Chennai, India. It has two electronic banking centers, approximately four international branches, nearly 3,250 local locations, and a representative office. MCT M Chidambaram Chettiyar founded it in February 1937 with the twin goals of focusing on foreign exchange trade and international banking. Indian Overseas Bank was established in 1937 by Chidambaram Chettyar. In 1969, it became one of the 14 significant banks that were nationalized.

Indian Overseas Bank Share Price Target 2024-2030

Indian Overseas Bank is a company that trades on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Its share price and target price are listed below. The IOB share cost focus for 2024, 2025, 2026. Also, up to 2030 will be canvassed top to bottom in this piece. Indian Overseas Bank has exhibited various patterns throughout the long term, and it is notable for its significant presence in the Indian offer market. This segment covers the ongoing business sector position of IOB. its growth path and the potential effects of market forces from the outside on it.

Indian Overseas Bank Share Price Target Today Update

• The bank became the fifth public sector bank to surpass the market price of Rs 1 lakh crore. On Wednesday, the organization’s fairly estimated worth reached at Rs 1,50,708.93 crore, and that implies a Rs 10,000 crore normal increment each day.
• If we look at the stock’s outlook from a larger perspective, it has returned 204.89%, or more than three times, in the past year.
• The Indian Overseas Bank stock’s highest increment on Wednesday (February 7, 2024) is 17.58% from its least cost of, a tad its greatest increment this month is 60.93% from February 1’s most minimal cost of Rs 49.65 IOB Boss Consistence Official Nataraj Karyampudi trade archives with IIBF Chief (Scholastics) S Muralidharan within the sight of the state area bank’s Overseeing Chief and President Ajay Kumar Srivastava here.
• Save Bank on Friday foist a punishment of Rs 2.20 crore on state-claimed Indian Overseas Bank (IOB) for opposition of pay acknowledgment and other deficiency in administrative resources.

About Indian Overseas Bank

In Chennai, India, Indian Overseas Bank (IOB) is a state-owned bank. It has approximately 3,220 domestic branches, two Digital Banking Units, approximately 4 international branches, and a delegate office. incorporated in February 1937 by MCT M Chidambaram Chettiyar with the two goals of concentrating on international banking and foreign exchange business. They also provide services for agricultural short-term loans, agribusiness consulting, and foreign exchange collection. The bank offers personal banking, NRI banking, and corporate banking services.

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Indian Overseas Bank Business Profile

Customers can get financial services from the Indian Overseas Bank (IOB) through a variety of channels, including the internet and mobile phones. Their principal items incorporate individual advances, charge cards, bank accounts, web banking and NRI accounts among others.

• Improvement in Asset Quality: This has empowered the bank to improve resource quality. The Bank’s slippage ratio decreased by 200 basis points to 0.87 percent from 2.87 percent in FY24. The bank’s recovery for FY24 was 6.2% higher than its recovery for FY23. Slippages decreased from Rs 4,029 Cr in FY23 to Rs 1,516 Cr in FY24 as a result.
• International Business: The bank has four overseas branches, one in each of Colombo, Bangkok, Singapore, and Hong Kong. Additionally, it has a 35 percent joint venture in Malaysia that is currently undergoing voluntary winding up. Overseas advances addressed ~8 percent of its worldwide advances in the primary quarter of FY25.
• Insurance Business: A bank holds 18% of the shareholding in Universal Sompo General Protection Co. Ltd., a non-life insurer that is also open for business, is one of Universal Sompo’s other investors. Other investors include Indian Bank, Dabur Investment, Sompo Japan, and Karnataka Bank. A bancassurance agreement has been signed by Allahabad Bank and Karnataka Bank, among others, with Universal Sompo.
• New Products: As a feature of its item improvement system in FY24, the bank has presented various new contributions including ‘Individual Credit Top Up conspire’ for the ‘A classification’ Individual Advance benefactors with a maximum restriction of Rs. 7.50 Lakh and a Loan Against Sovereign Gold Bond, both of which fall under the Capital Light Asset Product category.

Indian Overseas Bank Fundamentals & Quarterly Results

Metric	Value
Market Cap	₹ 1,17,365 Cr.
Current Price	₹ 62.1
High / Low	₹ 83.8 / ₹ 30.0
Stock P/E	42.1
Book Value	₹ 14.8
Dividend Yield	0.00 %
ROCE	5.41 %
ROE	9.98 %
Face Value	₹ 10.0
FCF Prev Ann	₹ -16,155 Cr.
Debt to Equity	11.3
Debt Preceding Year	₹ 2,81,687 Cr.
Reserves	₹ 9,040 Cr.
Quick Ratio	4.53
Current Ratio	4.53
Free Cash Flow	₹ -1,525 Cr.

Indian Overseas Bank Quarterly Results

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Revenue	4,435	4,718	5,056	5,192	5,424	5,821	6,176	6,629	6,535
Interest	2,681	2,764	2,784	2,916	3,102	3,475	3,778	3,866	4,094
Expenses	1,951	2,582	2,662	2,820	2,618	2,827	2,581	4,047	2,736
Financing Profit	-197	-629	-390	-544	-296	-481	-183	-1,284	-295
Financing Margin %	-4%	-13%	-8%	-10%	-5%	-8%	-3%	-19%	-5%
Other Income	593	1,135	950	1,430	803	1,114	1,262	2,477	1,033
Depreciation	0	0	0	0	0	0	0	0	0
Profit before Tax	396	506	560	886	507	633	1,079	1,193	738
Tax %	1%	1%	1%	27%	1%	1%	33%	32%	14%
Net Profit	392	501	555	650	500	625	723	808	633
EPS in Rs	0.21	0.27	0.29	0.34	0.26	0.33	0.38	0.43	0.33
Gross NPA %	9.12%	8.53%	8.19%	7.44%	7.13%	4.74%	3.90%	3.10%	2.89%
Net NPA %	2.43%	2.56%	2.43%	1.83%	1.44%	0.68%	0.62%	0.57%	0.51%

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM / 1 Year
Compounded Sales Growth	1%	6%	12%	23%
Compounded Profit Growth	16%	22%	47%	26%
Stock Price CAGR	0%	44%	47%	99%
Return on Equity	-10%	-1%	9%	10%

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Indian Overseas Bank Shareholding Pattern

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters	89.74%	92.52%	95.84%	95.84%	96.38%	96.38%	96.38%	96.38%
FIIs	0.54%	0.27%	0.18%	0.07%	0.08%	0.14%	0.05%	0.05%
DIIs	5.99%	3.18%	1.66%	1.59%	1.31%	1.35%	1.29%	1.30%
Public	3.73%	4.04%	2.32%	2.50%	2.23%	2.11%	2.28%	2.27%
No. of Shareholders	2,50,816	2,71,947	2,73,860	3,78,586	4,73,897	5,09,599	10,06,185	9,96,568

Indian Overseas Bank Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹86.74	₹115.57	₹132.87
2025	₹136	₹128	₹153
2026	₹156	₹147	₹174
2027	₹177	₹167	₹200
2028	₹204	₹191	₹227
2029	₹232	₹218	₹260
2030	₹265	₹248	₹297

INDIAN OVERSEAS BANK Share Price Target 2025

Month	Target
January	₹136
February	₹139
March	₹142
April	₹137
May	₹132
June	₹128
July	₹133
August	₹138
September	₹144
October	₹147
November	₹150
December	₹153

INDIAN OVERSEAS BANK Share Price Target 2026

Month	Target
January	₹156
February	₹159
March	₹162
April	₹157
May	₹152
June	₹147
July	₹153
August	₹159
September	₹165
October	₹168
November	₹171
December	₹174

INDIAN OVERSEAS BANK Share Price Target 2027

Month	Target
January	₹177
February	₹181
March	₹185
April	₹179
May	₹173
June	₹167
July	₹174
August	₹181
September	₹188
October	₹192
November	₹196
December	₹200

INDIAN OVERSEAS BANK Share Price Target 2028

Month	Target
January	₹204
February	₹208
March	₹212
April	₹205
May	₹198
June	₹191
July	₹199
August	₹207
September	₹215
October	₹219
November	₹223
December	₹227

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INDIAN OVERSEAS BANK Share Price Target 2029

Month	Target
January	₹232
February	₹237
March	₹242
April	₹234
May	₹226
June	₹218
July	₹227
August	₹236
September	₹245
October	₹250
November	₹255
December	₹260

INDIAN OVERSEAS BANK Share Price Target 2030

Month	Target
January	₹265
February	₹270
March	₹275
April	₹266
May	₹257
June	₹248
July	₹258
August	₹268
September	₹279
October	₹285
November	₹291
December	₹297

Key Takeaways from Forecasted Price for IOB from 2024 -2030

• In 2024, Indian Overseas Bank (IOB) is supposed to areas of strength for encounter. with a starting goal of 54.39. Nonetheless, market instability could prompt vacillations mid-year, cresting at ₹71.03. in 2025 for the Indian Overseas Bank.
• The stock could reach a mid-year target of 76 under a bullish trend. Followed by a consistent move to ₹88. Indian Overseas Bank may experience a brief decline in the first few months of 2026, but the bank is expected to recover by the middle of the year, with a goal of 88. Expecting blended patterns for Indian Overseas Bank in 2027.
• With quick developments both vertical and descending, yet keeping an in general vertical direction towards ₹116. Indian Overseas Bank is anticipated to experience robust and consistent growth in 2028 and 2029.
• Possibly breaking past highs and establishing new standards. Indian Overseas Bank may reach a significant year-end target by 2030 due to the cumulative effects of market dynamics. exceeding prior expectations

Final Words

The banking sector is being entered by Indian Overseas Bank. Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations are the Bank’s sections. Savings bank, current account, term deposit, retail loans, engagement and depository services are among its individual banking offerings. Merchant banking for issues, bond trustee, dividend or interest warrant, and other services are provided by it. It additionally offers Web and versatile financial administrations.