Axis Bank

Axis Bank Ltd.

NSE: AXISBANK BSE: 532215 SECTOR: Bank - Private  302k   2k   701

843.00
+9.65 (1.16%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 848.5

Today's Low

₹ 830.15

52 Week High

₹ 970.45

52 Week Low

₹ 618.25

FinStar

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.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 259378.62 Cr.

CASA %

45

No. of Shares

307.69 Cr.

P/E

13.35

P/B

1.99

Face Value

₹ 2

Div. Yield

0.12 %

Book Value (TTM)

₹  424.61

Net Interest Income

₹ 33132.22 Cr.

Cost To Income %

48.83

Promoter Holding

8.19 %

EPS (TTM)

₹  63.14

CAR %

18.54

ROE

12.03 %

ROCE

9.16%

Profit Growth

97.7 %

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* 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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Index Presence

The company is present in 38 Indices.

BANKNIFTY

Nifty Bank
39910.15
  342.25 (0.864968825740053%)

LIQ15

Nifty100 Liquid 15
4251.5
  44.6999999999998 (1.06256537035276%)

NFTY200MOM30

Nifty200 Momentum 30
18044.45
  305.900000000001 (1.72449270092538%)

NIFTY

Nifty 50
17080.7
  129 (0.760985623860733%)

NIFTY100

Nifty 100
16918.05
  122.700000000001 (0.730559351249016%)

NIFTY100ESG

NIFTY100 ESG
3159.25
  26 (0.829809303438922%)

NIFTY100WEIGHT

Nifty100 Equal Weight
19018.9
  179.950000000001 (0.955201855729748%)

NIFTY200

Nifty 200
8875.6
  73.5500000000011 (0.835600797541503%)

NIFTY500

Nifty 500
14345.6
  133.800000000001 (0.941471171843133%)

NIFTY500VAL50

NIFTY500 Value 50
6847.87
  113.36 (1.68327020080155%)

NIFTYFINANCE

Nifty Financial Services
17793.85
  129.399999999998 (0.732544743821628%)

NIFTY100ESGSECT

Nifty100 ESG Sector Leaders
2762.85
  16 (0.582485392358523%)

NIFTYHIGHBETA

Nifty High Beta 50
2030.91
  44.53 (2.2417664293841%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
9500.9
  113.4 (1.20798934753661%)

NIFTYEQWGT

NIFTY50 Equal Weight
19408.35
  232.049999999999 (1.21008745169819%)

NIFTYHOUSING

Nifty Housing Index
7373.69
  62.6899999999996 (0.857475037614552%)

NIFTYPTBNK

Nifty Private Bank
20229.25
  164.200000000001 (0.81833835450198%)

NIFTYSERVICE

Nifty Services Sector
22672.4
  152.450000000001 (0.67695532183687%)

NIFTYTOTALMCAP

Nifty Total Market index
7984.8
  76.6999999999998 (0.969891630100772%)

NT100ALP30

NIFTY100 Alpha 30
10063.04
  115.17 (1.15773527398328%)

NTYFIN2550

Nifty Financial Services 25/50
17054
  149.099999999999 (0.881992794988418%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
9335.95
  111.550000000001 (1.20929274532762%)

SENSEX

S&P Bse Sensex
57960.09
  346.369999999995 (0.601193604578909%)

BSE100

S&P Bse 100
17320.33
  140.790000000001 (0.81952136087462%)

BSE200

S&P Bse 200
7279.41
  63.0299999999997 (0.873429614294152%)

BSE500

S&P Bse 500
22822.89
  214.5 (0.948762826543592%)

BANKEX

S&P Bse Bankex
45252.62
  387.910000000003 (0.864621659206088%)

CARBONEX

S&P Bse Carbonex
2825.38
  23.8900000000003 (0.852760495307869%)

FIN

S&P Bse Finance
8303.84
  77.25 (0.939028200019698%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
6841.84
  60.3800000000001 (0.890368740654668%)

LRGCAP

S&P Bse LargeCap
6480.35
  47.6400000000003 (0.740589891352172%)

ALLCAP

S&P Bse Allcap
6549.12
  64.6599999999999 (0.997153193943667%)

SNSX50

S&P Bse Sensex50
17957.44
  135.66 (0.761203426369317%)

BHRT22

S&P Bse Bharat 22 Index
4800.88
  53.2200000000003 (1.12097327946821%)

ESG100

S&P Bse 100 ESG Index
284.47
  1.80000000000001 (0.636784943573776%)

LMI250

S&P Bse 250 LargeMidCap
6882.97
  61.0100000000002 (0.8943177620508%)

BSE100LARGECAPTMC

S&P Bse 100 LargeCap TMC
6153.54
  44.8999999999996 (0.735024489902814%)

BSEPVTBANK

S&P Bse Private Bank
14910.05
  131.309999999999 (0.888506056673299%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

Track the companies of Group.

Ratios

ROE%

1 Year12.03%
3 Year7.08%
5 Year5.78%

ROA%

1 Year1.2%
3 Year0.7%
5 Year0.55%

Net NPA%

1 Year0.73%
3 Year1.11%
5 Year1.76%

 NIM

1 Year3.03%
3 Year3.11%
5 Year3.04%

CAR %

18.54

Cost of Liabilities %

3.4011472340962

PEG Ratio

0.14

Advances Growth %

15.1850007534

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 8.19 0
Sep 2022 9.69 0
Jun 2022 9.7 0
Mar 2022 9.7 0
Dec 2021 9.71 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 3.10739160230649% since last 3 years.
  • CASA stands at 44.9976860032546% of total deposits.
  • Good Capital Adequacy Ratio of 18.54%.
  • The company has delivered good Profit growth of 40.6978828076131% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.695801918721877%
  • Company has a low ROE of 7.07850301781912% over the last 3 years.
  • High Cost to income ratio of 48.8302082881231%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Interest Earned 17261.12 17776.24 18728.65 20238.93 22226.43
Other Income 3840.36 4223.34 2998.96 3941.15 4665.44
Interest Expended 8608.59 8957.12 9344.64 9878.67 10767.11
Operating Expenses 6331.36 6576.48 6495.97 6585.2 6847.27
Total Provisions 1334.83 987.23 359.36 549.78 1437.73
Profit Before Tax 4826.7 5478.75 5527.64 7166.43 7839.76
Tax 1212.46 1360.98 1402.38 1836.66 1986.69
Net Profit 3614.24 4117.77 4125.26 5329.77 5853.07
Net NPA % 0.91 0.73 0.64 0.51 0.47
Gross NPA % 3.17 2.82 2.76 2.5 2.38
Return on Assets % 1.3 1.46 1.44 1.8 1.92
NPM % 20.94 23.16 22.03 26.33 26.33

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 45780.31 54985.77 62635.16 63346.23 67376.83
Other Income 10967.09 13130.34 15536.56 12263.6 15220.55
Interest Expended 27162.58 33277.6 37428.95 34107.11 34244.61
Operating Expenses 13990.34 15833.41 17304.62 18375.15 23610.75
Total Provisions 15472.91 12031.02 18533.91 14321.72 7359.45
Profit Before Tax 121.57 6974.09 4904.23 8805.85 17382.56
Taxes -154.11 2297.48 3277.01 2217.35 4357.08
Net Profit 275.68 4676.61 1627.22 6588.5 13025.48
Adjusted EPS (Rs.) 1.07 18.19 5.77 21.5 42.43

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 513.31 514.33 564.34 612.75 613.95
Total Reserves 62931.95 66161.97 84383.51 100990.26 114411.51
Deposits 453622.72 548471.34 640104.94 697985.29 821720.91
Borrowings 148016.14 152775.78 147954.13 142873.16 185133.86
Other Liabilities 26245.45 33073.12 42157.9 44336.17 53149.28
Total Liabilities 691329.58 800996.53 915164.82 986797.63 1175178.11
Assets
Balance with RBI 35481.06 35099.03 84959.24 51808.56 94034.51
Balance with Banks 7973.83 32105.6 12309.04 9921.26 16952.62
Investments 153876.08 174969.28 156734.32 226119.62 275597.2
Advances 439650.3 494797.97 571424.16 614399.4 707695.95
Net Block 3625.59 3763.94 3838.59 4135.32 4363.22
Other Assets 50376.62 59988.01 85425.16 80303.76 76325.48
Total Assets 691329.58 800996.53 915164.82 986797.63 1175178.11
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 9.71 9.70 9.70 9.69 8.19
life insurance cor... 8.17 8.16 8.15 8.15 8.14
administrator of t... - - - - -
general insurance ... - - - - -
administrator of t... 0.02 1.55 1.55 1.55 1.55
the new india assu... - - - - -
the oriental insur... - - - - -
united india insur... - - - - -
national insurance... - - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 90.29 90.30 90.30 90.31 91.81
sbi long term adva... 4.83 - - 4.17 -
sbi magnum equity ... - - - - 4.79
icici prudential r... - 4.21 - - -
sbi arbitrage oppo... - - 4.00 - -
sbi nifty index fu... - 3.84 - - -
icici prudential s... - - 3.81 - -
icici prudential i... - - - 3.73 -
icici prudential s... 3.27 - - - 3.55
oakmark internatio... - 1.05 - - -
dodge and cox inte... 3.26 2.77 3.06 3.31 3.30
icici prudential n... - - - - -
qualified institut... - - - - -
sbi long term adva... - - - - -
europacific growth... - - - - -
icici prudential n... - - - - -
icici prudential c... - - - - -
government of sing... 2.39 - - 2.45 -
government of sing... - 1.59 1.91 - 2.34
bc asia investment... - 1.85 1.85 - 1.85
bc asia investment... 1.30 - - 1.85 -
hdfc trustee co. l... - - - - -
nps trust a/c - sb... - - - - 2.06
hdfc trustee co. l... 2.03 - - - -
nps trust- a/c uti... 2.03 1.13 - 1.97 -
nippon life india ... - - 2.03 - -
nippon life india ... - - - - 2.02
reliance capital t... - - - - -
icici prudential l... - 1.07 1.03 - -
nippon life india ... - - - 1.93 -
hdfc trustee compa... - - - 1.92 -
nippon life india ... - 1.92 - - -
hdfc mutual fund -... - - - - 1.91
mirae asset tax sa... 1.75 - 1.69 - 1.89
government pension... 1.89 1.54 1.69 1.80 1.82
kotak equity hybrid - - 1.80 - -
nippon life india ... 1.85 - - - -
kotak equity savin... - 1.66 - - 1.85
mirae asset large ... - - - 1.83 -
kotak mahindra tru... - - - 1.81 -
kotak india growth... - - - - -
mirae asset equity... - 1.78 - - -
bnp paribas arbitr... - 1.06 - - -
franklin india equ... - - - - -
mirae asset midcap... - - - - -
franklin india tax... - - - - -
nippon life india ... - - - - -
kotak focused equi... 1.60 - - - -
bc asia investment... - - - 1.33 -
uti sensex index f... 1.53 - - - -
fidelity investmen... - - - - -
nippon life india ... - - - - -
bc asia investment... - 1.33 1.33 - 1.33
uti - retirement b... - - - - 1.44
aditya birla sun l... 1.44 - - - 1.29
nippon life india ... - - - - -
uti - ccf -investm... - - - 1.40 -
abu dhabi investme... - - - - -
uti equity savings... - - 1.33 - -
kotak esg opportun... - - - - -
integral investmen... - 1.06 1.06 - 1.06
aditya birla sun l... - - - 1.30 -
franklin india deb... - - - - -
uti nifty index fu... - 1.26 - - -
vanguard total int... - - - - -
integral investmen... - - - 1.06 -
uti - nifty exchan... - - - - -
abu dhabi investme... - - - - -
uti - sensex excha... - - - - -
bnp paribas arbitr... - - - - -
nps trust - a/c hd... - - 1.16 - -
vanguard emerging ... 1.05 1.05 1.05 1.06 1.04
uti - hybrid equit... - - - - -
nps trust - a/c li... - - - - -
nps trust- a/c lic... - - - - -
investor education... 0.04 - - - -
iepf - 0.03 0.03 0.03 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Axis Bank inks pact with CheQ14 Mar 2023, 9:59AM Axis Bank submits analyst meet intimation13 Mar 2023, 12:00PM Axis Bank enters into partnership with ITC 10 Mar 2023, 12:58PM Axis Bank acquires Citigroup's India consumer business, NBFC consumer business 1 Mar 2023, 2:06PM Axis Bank informs about conference call1 Mar 2023, 10:28AM Axis Bank to acquire Citibank’s India consumer business, NBFC consumer business24 Feb 2023, 12:00PM Axis Bank enables cross border transaction in real time via UPI Network23 Feb 2023, 4:01PM Axis Bank informs about analyst meet 18 Feb 2023, 12:07PM Axis Bank informs about press release25 Jan 2023, 4:30PM Axis Bank informs about outcome of board meeting24 Jan 2023, 4:08PM Axis Bank reports 56% rise in Q3 consolidated net profit23 Jan 2023, 4:42PM Axis Bank - Quaterly Results23 Jan 2023, 3:47PM Axis Bank - Quaterly Results23 Jan 2023, 3:47PM Axis Bank - Quaterly Results23 Jan 2023, 3:47PM Axis Bank informs about earnings call19 Jan 2023, 12:59PM Axis Bank tops re-bond league table for 16th consecutive year in 202217 Jan 2023, 12:59PM Axis Bank informs about disclosure 16 Jan 2023, 12:01PM Axis Bank along with subsidiaries enters into revised agreement with Max Financial Services10 Jan 2023, 5:11PM Axis Bank partners with OPEN to launch fully digital current account proposition for businesses9 Jan 2023, 12:58PM Axis Bank crosses Rs 100 crore in AUM for retirement business21 Dec 2022, 10:11AM Axis Bank informs about postal ballot notice17 Dec 2022, 12:39PM Axis Bank partners with Tata AIG15 Dec 2022, 2:57PM Axis Bank informs about outcome of analyst meet 15 Dec 2022, 11:38AM Axis Bank informs about allotment of equity shares 13 Dec 2022, 4:41PM Axis Bank raises Rs 12000 crore through bonds13 Dec 2022, 4:28PM Axis Bank informs about analyst meet 8 Dec 2022, 3:49PM Axis Bank planning to raise funds through bonds 8 Dec 2022, 10:11AM Axis Bank inks pact with Spice Money 6 Dec 2022, 10:44AM Axis Bank informs about disclosure 3 Dec 2022, 11:15AM Axis Bank informs about analyst meet 28 Nov 2022, 5:16PM Axis Bank to acquire 10% stake in JV of IOCL, CPCL24 Nov 2022, 4:59PM Axis Bank partners with Flipkart to launch ‘Super Elite Credit Card’24 Nov 2022, 12:07PM S&P Global Ratings upgrades Axis Bank’s rating on improving asset quality23 Nov 2022, 10:29AM Bain Capital sells 0.54% stake in Axis Bank 2 Nov 2022, 11:08AM Axis Bank reports 66% rise in Q2 consolidated net profit21 Oct 2022, 12:28PM Axis Bank - Quaterly Results20 Oct 2022, 4:53PM Axis Bank - Quaterly Results20 Oct 2022, 4:53PM Axis Bank - Quaterly Results20 Oct 2022, 4:53PM Axis Bank reply to clarification sought by exchange17 Oct 2022, 5:06PM Axis Bank, Samsung India launch co-branded credit card powered by Visa 29 Sep 2022, 11:50AM Axis Bank enters into indicative, non-binding term sheet with Go Digit Life Insurance28 Sep 2022, 10:46AM Axis Bank starts disbursing loans through account aggregator framework23 Sep 2022, 5:57PM Axis Bank, Square Yards launch co-branded Home Buyer Ecosystem ‘Open Doors’13 Sep 2022, 3:10PM Axis Bank informs about analyst meet9 Sep 2022, 9:41AM Axis Bank enters into partnership with Paynearby8 Sep 2022, 9:37AM Axis Bank launches ‘Dil Se Open - Aapke Liye’ campaign 6 Sep 2022, 10:20AM Axis Bank unveils array of festive offers on Kochi1 card30 Aug 2022, 11:52AM Axis Bank planning to raise stake in Max Life Insurance 29 Aug 2022, 3:47PM Axis Bank opens four branches in North-East region24 Aug 2022, 2:20PM Axis Bank signs MoU with Indian Coast Guard18 Aug 2022, 11:30AM

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 67376.8296 Cr. revenue in the latest financial year. It has posted decent revenue growth of 7.00887314422629 % in last 3 Years.

  • In terms of advances, the bank reported 15.1850007534 % YOY,  rise . If you see 3 years advance growth, it stands at 12.6694739527175 %.

  • Currently the company has a CASA ratio of 44.9976860032546 %. It’s overall cost of liability stands at 3.4011472340962 %. Also, the total deposits from these accounts stood at Rs 821720.9051 Cr.

  • The Bank has a average ROA track record. The ROA of Axis Bank is at 1.20496064434237 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 2.82 % and 0.73 % 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 -48.6133733121424 % 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 surged and is currently at Rs 15220.5453 Cr.

  • The company has a Good Capital Adequacy Ratio of 18.54 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Axis Bank is trading at a P/B of 1.9854 . The historical average PB was 2.08943152804076.

Brief about Axis Bank

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