Loading…
State-owned Indian public sector bank with a legacy international/overseas branch network, offering retail and corporate banking.
State-owned Indian public sector bank with a legacy international/overseas branch network, offering retail and corporate banking.
Earns the spread between lending and deposit rates, with a deposit base spread across Tamil Nadu and South India, where it has deep roots. After years of losses and central-bank lending restrictions it returned to profit. The Government of India owns the large majority and has provided capital.
In one line: A state-owned mid-size US regional bank.
Moat: narrow (scale, regulatory licence, distribution). A legacy overseas branch network and government ownership, though a smaller domestic footprint than top PSU banks.
Headquarters: Chennai, India · Founded: 1937 · Employees: 21,034
Size Indian Overseas Bank (IOB.NS) is an India Financials company (Major Banks) with a market value of $6.23B, the 182nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹30.56 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against +5.4% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 14.2% over the last twelve months (peer median +7.0%); the operating margin is 33.9% (peer median 38.1%).
Valuation It trades at 1.46× book value against a peer median of 1.06× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 17.2%; Indian Overseas Bank delivers 17.9%, so the price asks less than the business earns today.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹408B | ₹377B | ₹337B | ₹290B | ₹238B |
| Revenue growth | — | +12% | +16% | +22% | — |
| Net income | ₹66.6B | ₹54.2B | ₹34.0B | ₹26.7B | ₹21.0B |
| Free cash flow | n/a | ₹179B | ₹206B | ₹166B | ₹183B |
| Capital expenditure | n/a | ₹6.46B | ₹6.03B | ₹3.65B | ₹5.82B |
| Total debt | ₹498B | ₹524B | ₹438B | ₹310B | ₹214B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Indian Overseas Bank IOB.NS | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% |
| Bank of India BANKINDIA.NS | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% |
| Bank of Maharashtra MAHABANK.NS | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% |
| Indian Bank INDIANB.NS | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% |
| Canara Bank CANBK.NS | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% |
| UCO Bank UCOBANK.NS | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% |
| Central Bank of India CENTRALBK.NS | $2.93B | -18% | +8% | 12% | 0.67× | 10.9% |
| Punjab National Bank PNB.NS | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% |
| Bank of Baroda BANKBARODA.NS | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IOB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | +1.2% | 8th lowest of 21 |
| 6-month return | -13.1% | +5.4% | 2nd lowest of 21 |
| Return on equity | 17.9% | 9.6% | 3rd highest of 21 |
| Price / book | 1.46× | 1.06× | 4th most expensive of 21 |
| Trailing P/E | 8.8× | 11.2× | 6th cheapest of 21 |
| ROE the price implies | 17.2% | 10.6% | 5th most demanding of 20 |
| ROE delivered | 17.9% | 9.6% | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Indian Overseas Bank IOB.NS | India | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% | 17.9% |
| RBL Bank RBLBANK.NS | India | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% | 4.0% |
| F.N.B FNB | United States | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% | 9.0% |
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
| Bank of India BANKINDIA.NS | India | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% | 14.1% |
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| Bank of Chongqing 601963.SS | China | $5.13B | +7% | +5% | 10% | 0.65× | 3.0% | 9.8% |
| Mebuki Financial 7167.T | Japan | $7.57B | +6% | +25% | 9% | 1.16× | 6.2% | 9.2% |
| Valley National Bancorp VLY | United States | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% | 9.4% |
| Fukuoka Financial 8354.T | Japan | $7.75B | 0% | +22% | 9% | 1.08× | 7.0% | 8.7% |
| BOK Financial BOKF | United States | $7.87B | -2% | +3% | 11% | 1.33× | 10.6% | 11.2% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |