Indian Overseas Bank Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Indian Overseas Bank target price for 2027 should start with where the stock sits today. At Rs 30.54 on 9 October 2026, it is 26.9% below its 52-week high of Rs 41.80 and 1.6% above its 52-week low of Rs 30.07. That range spans 39% from low to high, so the entry point matters as much as the Indian Overseas Bank price forecast itself.

This article builds the Indian Overseas Bank share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 36.5 base case and the Rs 43.7 bull case were reached, along with a downside risk level of Rs 24.3.

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Indian Overseas Bank Stock Analysis: Company Overview and Key Stats

Indian Overseas Bank (NSE: IOB) has a market capitalisation of Rs 58,636 crore. In FY26 it reported revenue of Rs 37,743 crore and net profit of Rs 5,418 crore. The table collects the figures the Indian Overseas Bank share price target is built on.

Metric	Value
Company	Indian Overseas Bank
NSE Ticker	IOB
CMP (9 October 2026)	Rs 30.54
52-Week High	Rs 41.80
52-Week Low	Rs 30.07
Market Cap	Rs 58,636 crore
PE Ratio (TTM)	9.85
Industry PE	12.00
Price to Book	1.65
Return on Equity	16.78%
EPS (TTM)	Rs 3.09
Dividend Yield	0.00%
12-Month Base Target	Rs 36.5
Bull Case	Rs 43.7
Downside Risk Level (not a target)	Rs 24.3

Why Is Indian Overseas Bank Share Price Target Set at Rs 36.5 for 2027?

The base-case Indian Overseas Bank stock target of Rs 36.5 applies a PE multiple of 9.85 to a forward EPS estimate of Rs 3.71. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Indian Overseas Bank Target Price: Five Years of Results

Indian Overseas Bank grew revenue from Rs 21,641 crore in FY22 to Rs 37,743 crore in FY26, a compound annual growth rate of 14.9%. Net profit grew faster, from Rs 1,709 crore to Rs 5,418 crore (33.4% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	21,641.17	1,709.27	0.92	0.00
FY23	23,523.42	2,103.99	1.15	0.00
FY24	29,730.97	2,665.66	1.40	0.00
FY25	33,750.31	3,395.50	1.76	0.00
FY26	37,742.58	5,418.47	2.70	0.00

FY26 revenue growth was 11.8%, slower than the four-year average of 14.9%, and net profit moved up 59.6%. EPS rose from Rs 1.40 in FY24 to Rs 2.70 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Indian Overseas Bank converted 14.4% of FY26 revenue into net profit, against 10.1% in FY25, within a five-year range of 7.9% to 14.4%.

In the June 2026 quarter, revenue was Rs 10,938 crore, up 23.3% from the same quarter a year earlier, while net profit of Rs 1,659 crore was up 49.3%. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

As a lender, Indian Overseas Bank funds its book mainly through deposits and borrowings, so debt to equity is not a meaningful gauge for it. Book value stands at Rs 18.44 per share and the price to book ratio is 1.65, and shareholders' equity grew from Rs 22,598 crore in FY22 to Rs 36,991 crore in FY26.

Valuation Check for the Indian Overseas Bank Stock Target: PE, Price to Book and ROE

At a PE of 9.85 against an industry PE of 12.00, Indian Overseas Bank trades at a discount to its industry. Price to book is 1.65 on a book value of Rs 18.44 per share, and return on equity is 16.78%. A PE of 9.85 equals an earnings yield of 10.2%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.

Shareholding Pattern and Institutional Holding

Promoters held 92.44% of Indian Overseas Bank in June 2026, and promoter holding fell from 94.61% in June 2025 to 92.44% in June 2026. Foreign institutional investors (FII) held 0.47% and domestic institutions (DII) held 4.29%, which puts total institutional holding at 4.76%. FII holding rose from 0.08% in June 2025 to 0.47% in June 2026. Public shareholders own the remaining 2.80%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Indian Overseas Bank Share Price Targets for the Short Term and 12 Months

Short Term Indian Overseas Bank Stock Target Levels: Technical Setup

At Rs 30.54 on 9 October 2026, Indian Overseas Bank trades below its 50-day simple moving average of Rs 32.74 and below its 200-day exponential moving average of Rs 34.47. The 14-day RSI reads 32.7, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 32.74 (50-day simple moving average) and the nearest support is Rs 30.07 (52-week low). A sustained move above Rs 32.74 would improve the short-term setup, while a close below Rs 30.07 would shift attention to the next support.

12 Month Indian Overseas Bank Target Price for 2027

The 12-month target for Indian Overseas Bank is Rs 36.5: forward EPS of Rs 3.71 at a PE of 9.85. That is 19.5% above Rs 30.54. It would still leave the stock 12.7% below its 52-week high of Rs 41.80.

How EPS Growth and PE Multiple Change the Indian Overseas Bank Target Price

EPS Growth	PE 7.88	PE 9.85	PE 11.33
0.0% (EPS Rs 3.09)	Rs 24.3	Rs 30.4	Rs 35.0
20.0% (EPS Rs 3.71)	Rs 29.2	Rs 36.5	Rs 42.0
25.0% (EPS Rs 3.86)	Rs 30.4	Rs 38.0	Rs 43.7

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indian Overseas Bank price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Indian Overseas Bank Stock Target in 2027

Bull Case Rs 43.7

The bull case Indian Overseas Bank price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 3.86, and a PE multiple that rises 15% to 11.33. That gives Rs 43.7, 43.1% above the current price and above the 52-week high of Rs 41.80, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 24.3

The downside risk level is not a target. It assumes EPS stays flat at Rs 3.09 and the PE falls 20% to 7.88. That gives Rs 24.3, 20.4% below the current price and below the 52-week low of Rs 30.07.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	11.33	Rs 43.7	+43.1%
Base Case	20.0%	9.85	Rs 36.5	+19.5%
Downside Risk	0.0%	7.88	Rs 24.3	-20.4%

Key Risks to the Indian Overseas Bank Target Price for 2027

Growth Slowdown Risk for the Indian Overseas Bank Price Target

Revenue in the June 2026 quarter was up 23.3% year on year, and FY26 revenue growth was 11.8%. If growth slows from here, the EPS estimate behind the Indian Overseas Bank stock target will need revising.

Liquidity and Size Risk

Indian Overseas Bank has a market capitalisation of Rs 58,636 crore. Institutional holding is 4.76%, and promoters hold 92.44%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 14.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 9.85 versus an industry PE of 12.00, a de-rating toward the downside-risk PE of 7.88 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 26.9% below its 52-week high, with an RSI of 32.7 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Indian Overseas Bank

Start with the live price and volume. Any Indian Overseas Bank share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 30.54 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Indian Overseas Bank's PE, ROE, debt and shareholding in one place.

Check Indian Overseas Bank fundamentals on the Univest Screener

Then compare the three Indian Overseas Bank target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Indian Overseas Bank live price and get daily stock recommendations.

Conclusion

The Indian Overseas Bank share price target for 2027 is Rs 36.5 in the base case, with Rs 43.7 as the bull case. The support for that view is arithmetic you can check: EPS grew 38.9% a year over FY24 to FY26, and the stock trades at a PE of 9.85. The risks are equally concrete, including institutional holding of only 4.76% and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Indian Overseas Bank Share Price Target 2027

What is the Indian Overseas Bank share price target for 2027?

Ans. The base-case Indian Overseas Bank share price target for 2027 is Rs 36.5, with Rs 43.7 as the bull case. The downside risk level, which is not a target, is Rs 24.3. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Indian Overseas Bank share price today?

Ans. As of 9 October 2026, 3:29 PM IST, Indian Overseas Bank trades at Rs 30.54, up 0.20% on the day. The 52-week range is Rs 30.07 to Rs 41.80.

Is Indian Overseas Bank a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 38.9% a year over FY24 to FY26, but institutional holding is only 4.76%. Whether Indian Overseas Bank fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Indian Overseas Bank shares?

Ans. The bull case target is Rs 43.7, which assumes 25.0% EPS growth and a PE of 11.33. The downside risk level is Rs 24.3, which assumes flat EPS and a PE of 7.88. It marks a risk, not a target.

What are the main risks to the Indian Overseas Bank price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 58,636 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 4.76%, which can make price moves sharper.

What is the PE ratio of Indian Overseas Bank and how does it compare with the industry?

Ans. The PE ratio of Indian Overseas Bank is 9.85 against an industry PE of 12.00. Price to book is 1.65 and return on equity is 16.78%. The base case in the Indian Overseas Bank price target holds this PE constant.

Who owns Indian Overseas Bank, and what is the promoter holding?

Ans. Promoters held 92.44% of Indian Overseas Bank in June 2026. FII held 0.47%, DII held 4.29% and the public held 2.80%.

What were Indian Overseas Bank's latest quarterly results?

Ans. In the June 2026 quarter, Indian Overseas Bank reported revenue of Rs 10,938 crore (up 23.3% year on year) and net profit of Rs 1,659 crore (up 49.3%).