Himgiri Bank Ltd shares gain on financial services sector optimism
Shares moved higher amid positive sentiment across the financial services sector.
KuberaNow · Sanjay Rathod

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HIMGIRI · NSE · Financial Services · Private Sector Bank
₹1,765.30
-17.60(-0.99%)Updated 25 Sept 2026, 9:52 am · Real-time
NSE
₹1,765.30
BSE
₹1,766.18
Last 30 trading sessions (14 Aug 2026 – 24 Sept 2026)
Open
₹1,780.00
Previous Close
₹1,782.90
Day Range
₹1,760.00 – ₹1,788.00
52W Range
₹1,543.60 – ₹1,953.00
Volume
32.86 L
Market Cap
₹3,51,260 Cr
P/E Ratio
6.89
Dividend Yield
+0.02%
Headquarters
Vadodara, India
Incorporated
18 Jun 1998
Employees
8,112
Website
www.himgiri-bank-ltd.example
Himgiri Bank Ltd operates in the private sector bank space within the broader financial services sector, serving customers across India with a focus on operational efficiency and steady capacity expansion.
| Name | Ownership | Business |
|---|---|---|
| Himgiri Bank Services Pvt Ltd | 100% | Support operations for the private sector bank business |
Among the established players in the private sector bank segment, with a diversified customer base and a track record of steady execution.
Pooja Bhatt
Chairman (Non-Executive, Promoter)
Since 14 Jul 2012
Aarav Kapoor
Managing Director & CEO
Since 02 Aug 2015
Radhika Subramaniam
Chief Financial Officer
Since 11 Oct 2018
| Name | Designation | Since |
|---|---|---|
| Pooja Bhatt | Chairman (Non-Executive, Promoter) | 14 Jul 2012 |
| Aarav Kapoor | Managing Director & CEO | 02 Aug 2015 |
| Nisha Deshpande | Independent Director | 14 Jun 2020 |
| Rajiv Rathod | Independent Director | 15 Mar 2021 |
| Rajiv Krishnan | Independent Director | 14 Apr 2022 |
| Radhika Chatterjee | Independent Director | 14 May 2023 |
18 Jun 1998
Incorporation
Himgiri Bank Ltd incorporated as a private limited company in Vadodara.
05 Aug 2010
Public Listing
Listed on NSE via IPO to fund capacity expansion.
12 May 2022
Growth Milestone
Crossed a key annual revenue milestone, reflecting steady growth in the financial services business.
| Metric | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹43,437 Cr | ₹44,642 Cr | ₹52,878 Cr | ₹43,146 Cr | ₹47,642 Cr | ₹52,636 Cr | ₹59,660 Cr | ₹49,773 Cr |
| Revenue Growth (YoY) | +8.75% | +12.10% | +10.55% | +11.64% | +13.67% | +9.68% | +13.26% | +8.66% |
| Operating Profit | ₹13,370 Cr | ₹13,830 Cr | ₹16,852 Cr | ₹13,552 Cr | ₹15,541 Cr | ₹16,949 Cr | ₹19,276 Cr | ₹16,480 Cr |
| Operating Margin | +30.78% | +30.98% | +31.87% | +31.41% | +32.62% | +32.20% | +32.31% | +33.11% |
| EBITDA | ₹15,542 Cr | ₹16,062 Cr | ₹19,496 Cr | ₹15,710 Cr | ₹17,923 Cr | ₹19,581 Cr | ₹22,259 Cr | ₹18,968 Cr |
| EBITDA Margin | +35.78% | +35.98% | +36.87% | +36.41% | +37.62% | +37.20% | +37.31% | +38.11% |
| Profit Before Tax | ₹13,318 Cr | ₹13,776 Cr | ₹16,789 Cr | ₹13,500 Cr | ₹15,484 Cr | ₹16,886 Cr | ₹19,205 Cr | ₹16,420 Cr |
| Net Profit | ₹9,988 Cr | ₹10,332 Cr | ₹12,592 Cr | ₹10,125 Cr | ₹11,613 Cr | ₹12,664 Cr | ₹14,403 Cr | ₹12,315 Cr |
| Net Profit Margin | +23.00% | +23.15% | +23.81% | +23.47% | +24.38% | +24.06% | +24.14% | +24.74% |
| EPS (₹) | 50.20 | 51.93 | 63.28 | 50.89 | 58.36 | 63.65 | 72.39 | 61.89 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹1,17,705 Cr | ₹1,37,177 Cr | ₹1,58,500 Cr | ₹1,81,552 Cr | ₹2,03,085 Cr |
| Total Expenses | ₹82,393 Cr | ₹95,338 Cr | ₹1,09,365 Cr | ₹1,24,509 Cr | ₹1,37,767 Cr |
| Operating Profit | ₹35,311 Cr | ₹41,839 Cr | ₹49,135 Cr | ₹57,043 Cr | ₹65,318 Cr |
| Operating Profit Margin | +30.00% | +30.50% | +31.00% | +31.42% | +32.16% |
| Profit Before Tax | ₹35,288 Cr | ₹41,812 Cr | ₹49,103 Cr | ₹57,006 Cr | ₹65,278 Cr |
| Net Profit | ₹26,466 Cr | ₹31,359 Cr | ₹36,827 Cr | ₹41,071 Cr | ₹48,806 Cr |
| EPS (₹) | 133.01 | 157.60 | 185.08 | 206.41 | 245.28 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total Assets | ₹84,508 Cr | ₹1,29,071 Cr | ₹1,88,233 Cr | ₹2,48,516 Cr | ₹3,14,177 Cr |
| Total Liabilities | ₹37,183 Cr | ₹55,090 Cr | ₹82,949 Cr | ₹1,08,322 Cr | ₹1,32,498 Cr |
| Total Equity | ₹47,326 Cr | ₹73,981 Cr | ₹1,05,284 Cr | ₹1,40,194 Cr | ₹1,81,679 Cr |
| Total Debt | ₹20,619 Cr | ₹29,197 Cr | ₹46,099 Cr | ₹59,254 Cr | ₹68,910 Cr |
| Cash & Equivalents | ₹6,188 Cr | ₹7,164 Cr | ₹8,385 Cr | ₹10,357 Cr | ₹12,384 Cr |
| Net Worth | ₹47,326 Cr | ₹73,981 Cr | ₹1,05,284 Cr | ₹1,40,194 Cr | ₹1,81,679 Cr |
| Debt to Equity | 0.44 | 0.39 | 0.44 | 0.42 | 0.38 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹30,586 Cr | ₹36,160 Cr | ₹42,375 Cr | ₹47,425 Cr | ₹55,914 Cr |
| Investing Cash Flow | ₹-7,651 Cr | ₹-8,917 Cr | ₹-10,302 Cr | ₹-11,801 Cr | ₹-13,201 Cr |
| Financing Cash Flow | ₹-22,426 Cr | ₹-26,268 Cr | ₹-30,851 Cr | ₹-33,651 Cr | ₹-40,687 Cr |
| Free Cash Flow | ₹22,935 Cr | ₹27,243 Cr | ₹32,072 Cr | ₹35,624 Cr | ₹42,713 Cr |
| Net Cash Flow | ₹509 Cr | ₹976 Cr | ₹1,221 Cr | ₹1,973 Cr | ₹2,027 Cr |
P/B Ratio
1.93
Price / Sales
1.67
Debt to Equity
0.38
EPS (TTM)
₹256.28
Book Value / Share
₹913.05
Current Ratio
1.36
ROE
+28.07%
ROCE
+27.23%
ROA
+16.23%
Operating Margin
+32.54%
Net Profit Margin
+24.32%
Revenue Growth
+13.91%
Profit Growth
+18.49%
Himgiri Bank Ltd announces new facility in financial services segment
The company shared an update on its ongoing new facility initiative aimed at strengthening its position in the financial services sector.
Board approves unaudited financial results for Q1 FY27
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
Q1 FY27 earnings conference call - transcript and recording
Transcript and audio recording of the earnings call held with analysts following the Q1 FY27 results.
Intimation of Board Meeting on August 14, 2026
Intimation that the Board will meet to consider Q1 FY27 unaudited financial results.
Investor presentation - FY26 performance and FY27 outlook
Presentation covering FY26 annual performance and FY27 growth outlook shared at the investor day.
Himgiri Bank Ltd outlines FY27 growth plan
Management outlined its FY27 growth roadmap, including planned capex and new financial services initiatives.
Board approves audited results for FY26 and recommends final dividend
The Board approved the audited FY26 results and recommended a final dividend of Rs 0.37 per share.
Update on private sector bank operations
The company provided an operational update on its private sector bank business.
| Type | Action Date | Ex Date | Details | Value |
|---|---|---|---|---|
| Board Meeting | 24 Oct 2026 | — | Board meeting scheduled to consider Q2 FY27 unaudited financial results. | — |
| AGM | 25 Jul 2026 | — | Annual General Meeting held virtually to approve FY26 accounts and final dividend. | — |
| Board Meeting | 14 Aug 2026 | — | Board meeting to approve unaudited financial results for Q1 FY27. | — |
| Final Dividend | 28 Apr 2026 | 19 May 2026 | Final dividend for FY26 recommended by the Board and approved at the AGM. | Rs 0.37 per share |
| Interim Dividend | 08 Nov 2025 | 21 Nov 2025 | Interim dividend for FY26 approved by the Board. | Rs 0.15 per share |
| Final Dividend | 22 Apr 2025 | 13 May 2025 | Final dividend for FY25 approved at the AGM. | Rs 0.31 per share |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 18 Sept 2026 | Kotak Emerging Equity Fund | 39.80 L | ₹1,747.65 | 695.49 | Buy |
| 22 Aug 2026 | Aarav Family Office | 19.90 L | ₹1,712.34 | 340.72 | Sell |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 12 Sept 2026 | Morgan Stanley Asia (Singapore) Pte | 59.69 L | ₹1,738.82 | 1,037.97 | Buy |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 20 Aug 2026 | Aarav Kapoor (Managing Director & CEO) | 99,490 | ₹1,694.69 | 16.86 | Buy |
| 15 May 2026 | Radhika Subramaniam (CFO) | 59,694 | ₹1,624.08 | 9.69 | Sell |
Shares moved higher amid positive sentiment across the financial services sector.
KuberaNow · Sanjay Rathod
Revenue grew 8.7% YoY on steady execution.
KuberaNow · Priya Nair
Management guided for continued double-digit revenue growth.
KuberaNow · Priya Nair
Full-year net profit rose on margin expansion and higher volumes.
KuberaNow · Priya Nair
Multiple brokerages raised target prices citing an improving business mix.
KuberaNow · Aarav Mehta
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| NARMADANarmada Motors Ltd | ₹5,88,367 Cr | ₹1,417.80 | 7.78 | 1.98 | +27.52% | +11.68% | +19.43% |
| SHIVALIKShivalik Capital Ltd | ₹3,58,355 Cr | ₹1,898.89 | 5.02 | 2.34 | +35.94% | +10.33% | +19.01% |
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RSI (14)
24.49
MACD
-26.50
MACD Signal
-22.52
MACD Histogram
-3.98
SMA 20
₹1,831.83
SMA 50
₹1,795.19
SMA 100
₹1,721.92
SMA 200
₹1,593.69
EMA 20
₹1,823.44
EMA 50
₹1,804.35
Pivot Point
₹1,784.71
Resistance Levels
Support Levels
Computed from the last 30 trading sessions ended 2026-09-24; pivot and support/resistance use the classic pivot formula on that day's OHLC.
Overall Stock Health
Out of 100, weighted across 5 factors