Indian Overseas Bank

NSE: IOB  SECTOR: Bank - Public

11.13
-0.39 (-3.39%)

Price Summary

Today's High

₹ 11.66

Today's Low

₹ 11.05

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

18294.368004612 Cr.

CASA %

38.2985589768361

No. of Shares

1643.6988324 Cr.

P/E

0

P/B

1.35

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  8.2488

Net Interest Income

5279.1334 Cr.

Cost To Income %

46.9306103767745

Promoter Holding

95.84%

EPS (TTM)

₹  -5.2204

CAR %

10.21%

ROE

-29.8485947310546 %

ROCE

-22.9144907192014 %

Profit Growth

-21.2003041506753 %

* 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

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

ROE%

1 Year-29.85%
3 Year-37.58%
5 Year-27.45%

ROA%

1 Year-1.5%
3 Year-1.79%
5 Year-1.31%

Net NPA%

1 Year10.81%
3 Year13.38%
5 Year11.54%

 NIM

1 Year2.29%
3 Year2.3%
5 Year2.18%

CAR %

10.21

Cost of Liabilities %

5.40148748595763

PEG Ratio

NA

Advances Growth %

0.0821312350647431

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

  • Other Income is 23.8571753448925% of total income.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -1.78528958128296%
  • Company has a low ROE of -37.5821716168583% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 13.3766666666667%.
  • High Cost to income ratio of 46.9306103767745%.
  • The company has very low Capital Adequacy Ratio of 10.21%.
  • The company has delivered poor Profit Growth of -10.7935353013526% over the past 3 years.
  • The company has delivered poor Income growth of -9.15540597723276% over the past 3 years.
  • Poor Advances growth of -6.23761822810647% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
Interest Earned 4556.5 4336.39 4275.65 4351.9 4442.17
Other Income 917.42 670.09 748.35 846.04 1041.89
Interest Expended 3077.49 3047.93 3071.76 3073.19 2910.4
Operating Expenses 1264.93 1130.39 1206.23 1362.41 1429.8
Total Provisions 4501.92 1157.82 2996.04 6663.94 1060.38
Profit Before Tax -3370.42 -329.66 -2250.03 -5901.6 83.48
Tax -1385.26 12.42 3.61 173.89 -7
Net Profit -1985.16 -342.08 -2253.64 -6075.49 90.48
Net NPA % 10.81 11.04 9.84 5.81 5.44
Gross NPA % 21.97 22.53 20 17.12 14.78
Return on Assets % -2.82 -0.48 -3.15 -8.07 0.2
NPM % -43.57 -7.89 -52.71 -139.61 2.04

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

PARTICULARS Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Interest Earned 23938.33 23517.29 19718.6 17915.21 17631.26
Other Income 2138.6 2528.26 3372.64 3746.44 4206.32
Interest Expended 18554.38 18134.6 14529.02 12447.64 12352.13
Operating Expenses 4200.21 5025.5 4912.01 5584.93 4451.58
Total Provisions 3210.91 6613.56 7031.13 12260.79 10994.41
Profit Before Tax 111.43 -3728.11 -3380.93 -8631.7 -5960.54
Taxes 565.76 -830.78 35.81 -2332.21 -2222.66
Net Profit -454.33 -2897.33 -3416.74 -6299.49 -3737.88
Adjusted EPS (Rs.) -3.68 -16.03 -13.92 -12.88 -4.09

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 1235.35 1807.27 2454.73 4890.77 9141.65
Total Reserves 14405.67 13858.55 11289.82 8383.21 7218.23
Deposits 246048.72 224514.24 211342.63 216831.81 222534.08
Borrowings 18232.41 27183.31 16097.67 9228.08 6146.04
Other Liabilities 5714.83 7073.4 5982.64 8634.16 4968.36
Total Liabilities 285636.98 274436.76 247167.49 247968.03 250008.36
Assets
Balance with RBI 12637.77 14033.49 11499.97 11579.45 10292.53
Balance with Banks 12260.77 8212.74 11723.07 14965.54 20598.97
Investments 79298.1 79189.55 71654.12 68645.94 66932.27
Advances 171756.02 160860.67 140458.62 132488.81 132597.63
Net Block 2462.07 3218.3 3001.54 2837.71 3321.35
Other Assets 7177.25 8869.84 8777.38 17394.85 16250.05
Total Assets 285636.98 274436.76 247167.49 247968.03 250008.36
* 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 17631.2612 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -9.15540597723276 % in last 3 Years.

  • In terms of advances, the bank reported 0.0821312350647431 % YOY,  rise . If you see 3 years advance growth, it stands at -6.23761822810647 %.

  • Currently the company has a CASA ratio of 38.2985589768361 %. It’s overall cost of liability stands at 5.40148748595763 %. Also, the total deposits from these accounts stood at Rs 222534.0772 Cr.

  • The Bank has a Poor ROA track record. The ROA of Indian Overseas Bank is at -1.50122820712962 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 21.97 % and 10.81 % 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 -10.3286329492176 % 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 Indian Overseas Bank decreased and is currently at Rs 42.063209 Cr.

  • The company has a inadequate Capital Adequacy Ratio of 10.21 .

  • 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 1.34928716904277 . The historical average PB was 0.612414716562559.

Brief about Indian Overseas Bank

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