NSE: AXISBANK BSE: 532215 SECTOR: Bank - Private 228k 2k 606
₹ 646.6
₹ 631.8
₹ 866.9
₹ 618.25
₹ 197784.87 Cr.
44.92
307.14 Cr.
15.18
1.72
₹ 2
0.16 %
₹ 374.5
₹ 29239.12 Cr.
48.83
9.7 %
₹ 42.41
15.4
7.06 %
6.86%
304.89 %
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The company is present in 34 Indices.
BANKNIFTY
NIFTYSERVICE
NIFTY100WEIGHT
NIFTYEQWGT
NIFTYPTBNK
NIFTY100
NIFTY
NIFTYFINANCE
NTYFIN2550
NIFTY500
NIFTYLGEMID250
NY500MUL50:25:25
NIFTY200
NIFTYTOTALMCAP
LIQ15
NIFTY100ESG
NIFTY100ESGSECT
NIFTYHIGHBETA
SENSEX
BANKEX
BSE500
SNSX50
BSE100
BSEPVTBANK
FIN
BSE200
LMI250
ALLCAP
LRGCAP
BSE100LARGECAPTMC
BHRT22
CARBONEX
ESG100
S&P LARGEMIDCAP
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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 63645.291 Cr. revenue in the latest financial year. It has posted decent revenue growth of 11.6080100687538 % in last 3 Years.
In terms of advances, the bank reported 9.15187622264125 % YOY, rise . If you see 3 years advance growth, it stands at 12.364073266475 %.
Currently the company has a CASA ratio of 44.9237906529909 %. It’s overall cost of liability stands at 4.04693123394707 %. Also, the total deposits from these accounts stood at Rs 707306.0801 Cr.
The Bank has a average ROA track record. The ROA of Axis Bank is at 0.689432154637178 %.
The Lender is efficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 3.7 % and 1.05 % 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 -8.83563637441169 % 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 14838.2032 Cr.
The company has a Good Capital Adequacy Ratio of 15.4 .
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Axis Bank is trading at a P/B of 1.7203 . The historical average PB was 2.10503712863995.