Indian Overseas Bank

NSE: IOB  SECTOR: Bank - Public

10.97
-0.04 (-0.36%)

Price Summary

Today's High

₹ 11.11

Today's Low

₹ 10.9

52 Week High

₹ 13.83

52 Week Low

₹ 6.17

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
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

18031.376191428 Cr.

CASA %

40.2557065677132

No. of Shares

1643.6988324 Cr.

P/E

0

P/B

1.28

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  8.5736

Net Interest Income

5302.836 Cr.

Cost To Income %

59.2072193722864

Promoter Holding

95.84%

EPS (TTM)

₹  -3.4776

CAR %

10.72%

ROE

-61.573041532084 %

ROCE

-35.4435322416437 %

Profit Growth

-48.9908562235873 %

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

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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 Year-61.57%
3 Year-48.93%
5 Year-39.13%

ROA%

1 Year-3.34%
3 Year-2.46%
5 Year-1.95%

Net NPA%

1 Year5.44%
3 Year10.53%
5 Year11.49%

 NIM

1 Year2.36%
3 Year2.35%
5 Year2.26%

CAR %

10.72

Cost of Liabilities %

5.29981653919306

PEG Ratio

0.12

Advances Growth %

-8.49504107575692

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 95.84 0
Dec 2019 94.56 0
Sep 2019 92.52 0
Jun 2019 92.52 0
Mar 2019 92.52 0
* Figures given above are % of equity capital

 Strengths

 Looks like the company does not have any notable strengths.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -2.46168212148748%
  • The company has negative book value.
  • Company has a low ROE of -48.9340594420918% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 10.5266666666667%.
  • High Cost to income ratio of 59.2072193722864%.
  • The company has very low Capital Adequacy Ratio of 10.72%.
  • The company has delivered poor Profit Growth of -179.145747580499% over the past 3 years.
  • The company has delivered poor Income growth of -4.07272872781704% over the past 3 years.
  • Poor Advances growth of -4.76191235617455% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Interest Earned 4275.65 4351.9 4442.17 4301.84 4362.54
Other Income 748.35 846.04 1041.89 931.79 1068.04
Interest Expended 3071.76 3073.19 2910.4 2889.52 2801.24
Operating Expenses 1206.23 1362.41 1429.8 1249.96 1283.12
Total Provisions 2996.04 6663.94 1060.38 969.52 1192.55
Profit Before Tax -2250.03 -5901.6 83.48 124.63 153.67
Tax 3.61 173.89 -7 3.94 5.53
Net Profit -2253.64 -6075.49 90.48 120.69 148.14
Net NPA % 9.84 5.81 5.44 5.1 4.3
Gross NPA % 20 17.12 14.78 13.9 13.04
Return on Assets % -3.15 -8.07 0.2 0.16 0.2
NPM % -52.71 -139.61 2.04 2.81 3.4

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Interest Earned 23517.29 19718.6 17915.21 17631.26 17406.11
Other Income 2528.26 3372.64 3746.44 4206.32 3359.68
Interest Expended 18134.6 14529.02 12447.64 12352.13 12103.28
Operating Expenses 5025.5 4912.01 5584.93 4451.58 5128.83
Total Provisions 6613.56 7031.13 12260.79 10994.41 11878.16
Profit Before Tax -3728.11 -3380.93 -8631.7 -5960.54 -8344.48
Taxes -830.78 35.81 -2332.21 -2222.66 182.92
Net Profit -2897.33 -3416.74 -6299.49 -3737.88 -8527.4
Adjusted EPS (Rs.) -16.03 -13.92 -12.88 -4.09 -5.19

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 1807.27 2454.73 4890.77 9141.65 16436.99
Total Reserves 13858.55 11289.82 8383.21 7218.23 -282.01
Deposits 224514.24 211342.63 216831.81 222534.08 222951.88
Borrowings 27183.31 16097.67 9228.08 6146.04 5419.73
Other Liabilities 7073.4 5982.64 8634.16 4968.36 16200.24
Total Liabilities 274436.76 247167.49 247968.03 250008.36 260726.83
Assets
Balance with RBI 14033.49 11499.97 11579.45 10292.53 3155.22
Balance with Banks 8212.74 11723.07 14965.54 20598.97 20905.43
Investments 79189.55 71654.12 68645.94 66932.27 79416.08
Advances 160860.67 140458.62 132488.81 132597.63 121333.41
Net Block 3218.3 3001.54 2837.71 3321.35 3123.86
Other Assets 8869.84 8777.38 17394.85 16250.05 32789.35
Total Assets 274436.76 247167.49 247968.03 250008.36 260726.83
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Ratings & Research Reports

Company Presentations

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Company News

Indian Overseas Bank Stock Price Analysis and Quick Research Report. Is Indian Overseas 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 Indian Overseas Bank is performing and if it is the right time to buy the stock of Indian Overseas Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Indian Overseas Bank has earned Rs 17406.1124 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -4.07272872781704 % in last 3 Years.

  • In terms of advances, the bank reported -8.49504107575692 % YOY,  fall . If you see 3 years advance growth, it stands at -4.76191235617455 %.

  • Currently the company has a CASA ratio of 40.2557065677132 %. It’s overall cost of liability stands at 5.29981653919306 %. Also, the total deposits from these accounts stood at Rs 222951.88 Cr.

  • The Bank has a Poor ROA track record. The ROA of Indian Overseas Bank is at -3.33926609993464 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 14.78 % and 5.44 % 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 positive at 8.03817760650576 % which means it has increased 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 Indian Overseas Bank decreased and is currently at Rs 33.596789 Cr.

  • The company has a inadequate Capital Adequacy Ratio of 10.72 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Indian Overseas Bank is trading at a P/B of 1.27950919100495 . The historical average PB was 0.705932268844435.

Brief about Indian Overseas Bank

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