Axis Bank Ltd.

SECTOR: Bank - Private

394.35
₹ -15.25 (-3.72%)
Today's High: 413.9 Today's Low : 391.65
52 Week High: 826.55 52 Week Low : 285.00
 FinStar
FinStar Indicates the overall health and quality of a stock based on Finology Research.
Ownership Very Stable
High level of belief in company’s potential exhibited by insiders.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

 Company Essentials

Market Cap

111284.201960415 Cr.

P/E

68.39

P/B

1.31

Face Value

₹2

Div. Yield

0.28%

Book Value (TTM)

301.0239

CASA %

44.3768191344751

Net Interest Income

21708.174 Cr.

Cost To Income %

45.45

Promoter Holding

16%

EPS (TTM)

5.7663

CAR %

15.84

ROE

7.19 %

ROCE

7.68 %

Profit Growth

1596.38 %

No. of Shares

282.1965309 Cr.

Add your own Ratio
* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

 Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

 Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

 Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 ROE

1 Year7.19%
3 Year4.8%
5 Year9.79%

 ROA%

1 Year0.63%
3 Year0.44%
5 Year0.94%

 Net NPA%

1 Year2.06%
3 Year2.52%
5 Year1.75%

 NIM

1 Year2.95%
3 Year3.05%
5 Year3.15%

 CAR %

15.84

 Cost of Liabilities %

4.75

 PEG Ratio

0.04

 Advances Growth %

12.54

 Share Holding Pattern

 Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 16 0
Dec 2019 16.08 0
Sep 2019 16.6 0
Jun 2019 18.1 0
Mar 2019 18.7 0
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 3.05% since last 3 years.
  • CASA stands at 44.3768191344751% of total deposits.
  • Other Income is 23.8795214856585% of total income.
  • Good Capital Adequacy Ratio of 15.84%.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.436666666666667%
  • Company has a low ROE of 4.80333333333333% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 2.52333333333333%.
  • High Cost to income ratio of 45.45%.
  • The company has delivered poor Profit Growth of -17.150755121285% over the past 3 years.

 Quarterly Result (All Figures are in Crores.)

Particulars Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
Interest Earned 14798.03 15254.95 15437.8 15708.3 16234.11
Other Income 3526.28 3868.76 3895.77 3786.57 3985.46
Interest Expended 9092.44 9411.3 9335.97 9255.32 9426.37
Operating Expenses 4217.45 3819.65 4046.02 4496.86 4942.09
Total Provisions 2711.43 3814.58 3518.39 3470.92 7730.02
Profit Before Tax 2302.99 2078.18 2433.19 2271.77 -1878.91
Net Profit 1505.06 1370.08 -112.08 1757 -1387.78
Net NPA % 2.06 2.04 1.99 2.09 1.56
Gross NPA % 5.26 5.25 5.03 5 4.86
Return on Assets % 0.78 0.69 -0.06 0.86 -0.62
NPM % 10.17 8.98 -0.73 11.19 -8.55

 Profit & Loss (All Figures are in Crores except Adjusted EPS in Rs.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Interest Earned 35478.6 40988.04 44542.16 45780.31 54985.77
Other Income 8365.05 9371.46 11691.31 10967.09 13130.34
Interest Expended 21254.46 24155.07 26449.04 27162.58 33277.6
Operating Expenses 9203.75 10100.82 12199.91 13990.34 15833.41
Total Provisions 2327.68 3709.91 12116.96 15472.91 12031.02
Profit Before Tax 11057.76 12393.7 5467.56 121.57 6974.09
Taxes 3699.94 4170.04 1788.28 -154.11 2297.48
Net Profit 7357.82 8223.66 3679.28 275.68 4676.61
Adjusted EPS 31 35 15 1 18

 Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 474.1 476.57 479.01 513.31 514.33
Total Reserves 44202.41 52688.34 55283.54 62931.95 66161.97
Deposits 322441.94 357967.56 414378.79 453622.72 548471.34
Borrowings 79758.27 108580.38 105030.87 148016.15 152775.78
Other Liabilities 15055.67 20108.17 26295.47 26245.45 33073.12
Total Liabilities 461932.39 539821.02 601467.67 691329.58 800996.53
Assets
Balance with RBI 19818.84 22361.15 30857.94 35481.06 35099.03
Balance with Banks 16280.19 10964.29 19398.24 7973.83 32105.6
Investments 117550.21 131524.06 128793.37 153876.08 174969.28
Advances 281083.03 338773.72 373069.35 439650.31 494797.97
Net Block 2413.05 3316.2 3465.93 3625.59 3763.94
Other Assets 24685.81 32674.62 45601.88 50376.62 59988.01
Total Assets 461932.39 539821.02 601467.67 691329.58 800996.53
* Other Non-current Liabilities include Net deferred Liabilities

 Corporate Actions

 Ratings & Research Reports

 Company Presentations

 Axis Bank Stock Price Analysis and Quick Research Report

Is Axis Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Axis Bank is performing and if it is the right time to buy the stock of Axis Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Axis Bank has earned Rs 54985.771 Cr. revenue in the latest financial year. It has posted decent revenue growth of 10.2886052996961 % in last 3 Years.

  • In terms of advances, the bank reported 12.54 % YOY,  rise . If you see 3 years advance growth, it stands at 13.4591166573967 %.

  • Currently the company has a CASA ratio of 44.376819215496 %. It’s overall cost of liability stands at 4.74548786671017 %. Also, the total deposits from these accounts stood at Rs 548471.341 Cr.

  • The Bank has a Poor ROA track record. The ROA of Axis Bank is at 0.626754201238139 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 5.26 % and 2.06 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -22.2446190780193 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Axis Bank decreased and is currently at Rs 1.31303394 Cr.

  • The company has a Good Capital Adequacy Ratio of 15.84 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Axis Bank is trading at a P/B of 2.99334818549818 . The historical average PB was 2.424.

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