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MERIDIANBANK · NSE · Financial Services · Private Sector Bank
₹1,278.90
+33.60(+2.70%)Updated 25 Sept 2026, 9:52 am · Real-time
NSE
₹1,278.90
BSE
₹1,279.54
Last 30 trading sessions (14 Aug 2026 – 24 Sept 2026)
Open
₹1,250.00
Previous Close
₹1,245.30
Day Range
₹1,246.00 – ₹1,282.00
52W Range
₹1,017.15 – ₹1,305.00
Volume
1.04 Cr
Market Cap
₹9,10,520 Cr
P/E Ratio
6.77
Dividend Yield
+0.02%
Headquarters
Mumbai, India
Incorporated
18 Jun 1995
Employees
14,133
Website
www.meridian-bank-ltd.example
Meridian 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 |
|---|---|---|
| Meridian 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.
Nisha Subramaniam
Chairman (Non-Executive, Promoter)
Since 16 Jan 2009
Ramesh Rathod
Managing Director & CEO
Since 05 Mar 2012
Kavitha Sinha
Chief Financial Officer
Since 16 Oct 2015
| Name | Designation | Since |
|---|---|---|
| Nisha Subramaniam | Chairman (Non-Executive, Promoter) | 16 Jan 2009 |
| Ramesh Rathod | Managing Director & CEO | 05 Mar 2012 |
| Anjali Mehta | Independent Director | 11 Mar 2020 |
| Nisha Malhotra | Independent Director | 15 Jan 2021 |
| Pooja Deshpande | Independent Director | 10 Feb 2022 |
| Rohan Rao | Independent Director | 15 Apr 2023 |
18 Jun 1995
Incorporation
Meridian Bank Ltd incorporated as a private limited company in Mumbai.
05 Aug 2007
Public Listing
Listed on NSE via IPO to fund capacity expansion.
12 May 2019
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 | ₹1,05,710 Cr | ₹1,17,941 Cr | ₹1,39,358 Cr | ₹1,13,853 Cr | ₹1,27,956 Cr | ₹1,34,799 Cr | ₹1,55,126 Cr | ₹1,29,019 Cr |
| Revenue Growth (YoY) | +12.75% | +10.69% | +9.09% | +9.66% | +8.42% | +12.37% | +11.88% | +8.93% |
| Operating Profit | ₹33,288 Cr | ₹37,423 Cr | ₹44,455 Cr | ₹36,239 Cr | ₹41,407 Cr | ₹44,160 Cr | ₹51,222 Cr | ₹43,066 Cr |
| Operating Margin | +31.49% | +31.73% | +31.90% | +31.83% | +32.36% | +32.76% | +33.02% | +33.38% |
| EBITDA | ₹38,574 Cr | ₹43,320 Cr | ₹51,423 Cr | ₹41,932 Cr | ₹47,804 Cr | ₹50,900 Cr | ₹58,979 Cr | ₹49,517 Cr |
| EBITDA Margin | +36.49% | +36.73% | +36.90% | +36.83% | +37.36% | +37.76% | +38.02% | +38.38% |
| Profit Before Tax | ₹33,161 Cr | ₹37,281 Cr | ₹44,288 Cr | ₹36,103 Cr | ₹41,253 Cr | ₹43,998 Cr | ₹51,036 Cr | ₹42,912 Cr |
| Net Profit | ₹24,871 Cr | ₹27,961 Cr | ₹33,216 Cr | ₹27,077 Cr | ₹30,940 Cr | ₹32,999 Cr | ₹38,277 Cr | ₹32,184 Cr |
| Net Profit Margin | +23.53% | +23.71% | +23.83% | +23.78% | +24.18% | +24.48% | +24.68% | +24.95% |
| EPS (₹) | 34.93 | 39.27 | 46.65 | 38.03 | 43.46 | 46.35 | 53.76 | 45.20 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹3,16,232 Cr | ₹3,61,947 Cr | ₹4,10,652 Cr | ₹4,61,804 Cr | ₹5,31,734 Cr |
| Total Expenses | ₹2,21,362 Cr | ₹2,51,553 Cr | ₹2,83,350 Cr | ₹3,15,024 Cr | ₹3,58,705 Cr |
| Operating Profit | ₹94,869 Cr | ₹1,10,394 Cr | ₹1,27,302 Cr | ₹1,46,780 Cr | ₹1,73,029 Cr |
| Operating Profit Margin | +30.00% | +30.50% | +31.00% | +31.78% | +32.54% |
| Profit Before Tax | ₹94,806 Cr | ₹1,10,321 Cr | ₹1,27,220 Cr | ₹1,46,688 Cr | ₹1,72,922 Cr |
| Net Profit | ₹71,105 Cr | ₹82,741 Cr | ₹95,415 Cr | ₹1,05,682 Cr | ₹1,29,293 Cr |
| EPS (₹) | 99.87 | 116.22 | 134.02 | 148.44 | 181.60 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total Assets | ₹4,87,154 Cr | ₹6,08,734 Cr | ₹7,50,069 Cr | ₹9,03,392 Cr | ₹10,87,681 Cr |
| Total Liabilities | ₹2,13,310 Cr | ₹2,64,560 Cr | ₹3,24,793 Cr | ₹3,88,286 Cr | ₹4,62,676 Cr |
| Total Equity | ₹2,73,843 Cr | ₹3,44,173 Cr | ₹4,25,276 Cr | ₹5,15,105 Cr | ₹6,25,004 Cr |
| Total Debt | ₹1,17,465 Cr | ₹1,44,100 Cr | ₹1,75,946 Cr | ₹2,07,999 Cr | ₹2,43,924 Cr |
| Cash & Equivalents | ₹36,773 Cr | ₹40,728 Cr | ₹45,662 Cr | ₹52,376 Cr | ₹60,853 Cr |
| Net Worth | ₹2,73,843 Cr | ₹3,44,173 Cr | ₹4,25,276 Cr | ₹5,15,105 Cr | ₹6,25,004 Cr |
| Debt to Equity | 0.43 | 0.42 | 0.41 | 0.40 | 0.39 |
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹82,173 Cr | ₹95,409 Cr | ₹1,09,788 Cr | ₹1,21,845 Cr | ₹1,47,904 Cr |
| Investing Cash Flow | ₹-20,555 Cr | ₹-23,527 Cr | ₹-26,692 Cr | ₹-30,017 Cr | ₹-34,563 Cr |
| Financing Cash Flow | ₹-57,706 Cr | ₹-67,927 Cr | ₹-78,162 Cr | ₹-85,114 Cr | ₹-1,04,863 Cr |
| Free Cash Flow | ₹61,618 Cr | ₹71,883 Cr | ₹83,095 Cr | ₹91,828 Cr | ₹1,13,341 Cr |
| Net Cash Flow | ₹3,912 Cr | ₹3,956 Cr | ₹4,933 Cr | ₹6,714 Cr | ₹8,478 Cr |
P/B Ratio
1.46
Price / Sales
1.66
Debt to Equity
0.39
EPS (TTM)
₹188.78
Book Value / Share
₹877.87
Current Ratio
1.26
ROE
+21.50%
ROCE
+20.70%
ROA
+12.36%
Operating Margin
+32.89%
Net Profit Margin
+24.57%
Revenue Growth
+14.69%
Profit Growth
+18.81%
Meridian Bank Ltd announces modernization in financial services segment
The company shared an update on its ongoing modernization 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.
Meridian 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 0.27 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 0.27 per share |
| Interim Dividend | 08 Nov 2025 | 21 Nov 2025 | Interim dividend for FY26 approved by the Board. | Rs 0.11 per share |
| Final Dividend | 22 Apr 2025 | 13 May 2025 | Final dividend for FY25 approved at the AGM. | Rs 0.23 per share |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 18 Sept 2026 | Kotak Emerging Equity Fund | 1.42 Cr | ₹1,266.11 | 1,802.83 | Buy |
| 22 Aug 2026 | Ramesh Family Office | 71.20 L | ₹1,240.53 | 883.20 | Sell |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 12 Sept 2026 | Morgan Stanley Asia (Singapore) Pte | 2.14 Cr | ₹1,259.72 | 2,690.59 | Buy |
| Date | Party | Quantity | Price | Value (₹ Cr) | Type |
|---|---|---|---|---|---|
| 20 Aug 2026 | Ramesh Rathod (Managing Director & CEO) | 3.56 L | ₹1,227.74 | 43.70 | Buy |
| 15 May 2026 | Kavitha Sinha (CFO) | 2.14 L | ₹1,176.59 | 25.13 | Sell |
Shares moved higher amid positive sentiment across the financial services sector.
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|---|---|---|---|---|---|---|---|
| MALWAMalwa Software Ltd | ₹16,58,486 Cr | ₹864.48 | 7.00 | 1.46 | +19.59% | +16.83% | +13.30% |
| SATPURASatpura Cement Ltd | ₹7,92,240 Cr | ₹1,183.34 | 7.68 | 1.04 | +19.51% | +12.44% | +16.57% |
| PRAKASHPrakash Industries Ltd | ₹10,23,487 Cr | ₹926.87 | 7.49 | 1.66 | +16.62% | +19.21% | +11.47% |
| KAVERIKaveri Consumer Ltd | ₹16,94,317 Cr | ₹664.38 | 8.75 | 1.83 | +20.51% | +12.19% | +14.53% |
| BRAHMAPUTRBrahmaputra Infra Ltd | ₹6,27,954 Cr | ₹696.04 | 7.40 | 1.07 | +18.30% | +10.26% | +11.36% |
RSI (14)
69.40
MACD
14.00
MACD Signal
11.90
MACD Histogram
2.10
SMA 20
₹1,218.59
SMA 50
₹1,194.22
SMA 100
₹1,145.47
SMA 200
₹1,060.17
EMA 20
₹1,222.52
EMA 50
₹1,200.31
Pivot Point
₹1,243.46
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
