IDBI

IDBI Bank Ltd.

NSE: IDBI BSE: 500116 SECTOR: Bank - Private  137k   838   167

55.35
+0.25 (0.45%)
NSE: Today, 09:54 AM

Price Summary

Today's High

₹ 55.45

Today's Low

₹ 55

52 Week High

₹ 62

52 Week Low

₹ 30.5

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 59514.55 Cr.

CASA %

56.77

No. of Shares

1075.24 Cr.

P/E

16.33

P/B

1.6

Face Value

₹ 10

Div. Yield

1.82 %

Book Value (TTM)

₹  34.52

Net Interest Income

₹ 9162.5 Cr.

Cost To Income %

45.89

Promoter Holding

94.71 %

EPS (TTM)

₹  3.39

CAR %

19.06

ROE

7.66 %

ROCE

9.14%

Profit Growth

79.43 %

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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 22 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
33681.4
  130.400000000001 (0.388662036899046%)

NIFTY500

Nifty 500
15809.25
  36.8999999999996 (0.233953722812386%)

NIFTYMIDCAP150

Nifty Midcap 150
12582.8
  52.0999999999985 (0.415778847151382%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
11600.55
  37.1999999999989 (0.321706079985451%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10516.1
  32.8500000000004 (0.313357021915928%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10378.65
  25.1499999999996 (0.24291302458106%)

NIFTYSMALL

NIFTY Smallcap 100
10051.95
  11.3500000000004 (0.113041053323504%)

NIFTYSMALLCAP250

Nifty Smallcap 250
9845.3
  13.5 (0.137309546573361%)

NIFTY200

Nifty 200
9762.7
  22.5500000000011 (0.231515941746285%)

NIFTYTOTALMCAP

Nifty Total Market index
8814.65
  20.75 (0.235959017045917%)

NIFTYSMALLCAP50

Nifty Smallcap 50
4548.05
  -4.94999999999982 (-0.10871952558752%)

NIFTYFULLMIDCAP100

NIFTY FULL MIDCAP 100
5987.56
  -42.7999999999993 (-0.709742038617911%)

MIDCAP

S&P Bse Mid Cap
27002.34
  89.9900000000016 (0.334381798690941%)

BSE500

S&P Bse 500
25119.44
  38.619999999999 (0.153982206323389%)

BSE200

S&P Bse 200
7996.44
  11.0599999999995 (0.138503114441635%)

LMI250

S&P Bse 250 LargeMidCap
7555.92
  11.3199999999997 (0.150041088990793%)

ALLCAP

S&P Bse Allcap
7230.27
  11.7900000000009 (0.163330784320248%)

BSE100LARGECAPTMC

S&P Bse 100 LargeCap TMC
6734.21
  6.53999999999996 (0.097210475543541%)

SPBSQIP

S&P Bse Quality
1248.12
  -2.20000000000005 (-0.175954955531388%)

FIN

S&P Bse Finance
9190.63
  74.1700000000001 (0.813583342657132%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7503.33
  37.1999999999998 (0.498250097440045%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
7638.79
  27.0100000000002 (0.354844727514458%)

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 Year7.66%
3 Year-10.6%
5 Year-29.11%

ROA%

1 Year0.81%
3 Year-0.96%
5 Year-1.94%

Net NPA%

1 Year1.27%
3 Year2.48%
5 Year6.85%

 NIM

1 Year3.59%
3 Year3.32%
5 Year2.82%

CAR %

19.06

Cost of Liabilities %

3.69032709441813

PEG Ratio

0.21

Advances Growth %

13.7509979384196

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 94.71 0
Dec 2022 94.71 0
Sep 2022 94.71 0
Jun 2022 94.71 0
Mar 2022 94.71 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 3.31902739158602% since last 3 years.
  • CASA stands at 56.7737657218202% of total deposits.
  • Other Income is 25.6344330397154% of total income.
  • Good Capital Adequacy Ratio of 19.06%.
  • The company has delivered good Profit growth of 29.2933445309527% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.962225306412018%
  • Company has a low ROE of -10.5971459703098% over the last 3 years.
  • High Cost to income ratio of 45.8926836439371%.
  • The company has delivered poor Income growth of -6.06274660452394% over the past 3 years.
  • Poor Advances growth of -0.231842054033338% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Interest Earned 4598.14 4640.82 4978.24 5231.44 5726.17
Other Income 844.41 1140.17 1087.27 856.87 1287.67
Interest Expended 2177.67 2153.3 2240.13 2306.09 2446.59
Operating Expenses 1751.67 1575.88 1617.7 1730.85 2142.27
Total Provisions 669.23 959.23 770.72 784.28 983.63
Profit Before Tax 843.98 1092.58 1436.96 1267.09 1441.35
Tax 153.38 336.22 608.87 339.82 307.98
Net Profit 690.6 756.36 828.09 927.27 1133.37
Net NPA % 1.36 1.25 1.15 1.07 0.92
Gross NPA % 20.16 19.9 16.51 13.82 6.38
Return on Assets % 0.95 1.03 1.09 1.22 1.43
NPM % 15.02 16.3 16.63 17.72 19.79

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 23026.53 22071.24 20825.11 19938.2 18295.3
Other Income 7013.58 3300.3 4470.36 4558.6 4689.9
Interest Expended 17386.21 16165.62 13847.3 11414.21 9132.8
Operating Expenses 4744.69 5153.79 6336.16 6047.5 6357.23
Total Provisions 20501.75 26879.29 14079.44 4665.63 3886.89
Profit Before Tax -12592.53 -22827.16 -8967.43 2369.46 3608.27
Taxes -4354.61 -7710.87 3919.9 1010 1169
Net Profit -8237.92 -15116.29 -12887.33 1359.46 2439.27
Adjusted EPS (Rs.) -26.71 -19.54 -12.41 1.26 2.27

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 3083.86 7736.29 10380.59 10752.4 10752.4
Total Reserves 18125.87 29875.4 23643.77 26058.67 30909.58
Deposits 247931.61 227371.72 222424.13 230851.78 233134.42
Borrowings 63185.53 45287.72 36748.86 15908.05 14344.98
Other Liabilities 17758.85 10013.35 6730.75 14193.18 12277.98
Total Liabilities 350085.72 320284.49 299928.1 297764.08 301419.36
Assets
Balance with RBI 13163.69 12730.47 10538.83 13012.8 13593.37
Balance with Banks 20522.4 8503.23 19891.57 22209.39 13117.22
Investments 91606.06 93072.63 81780.42 81022.56 82988.21
Advances 171739.95 146790.44 129841.79 128149.94 145771.84
Net Block 6269.1 7763.37 7642.15 7357.42 9540.41
Other Assets 46282.64 50956.74 49746.31 45541.97 36011.82
Total Assets 350085.72 320284.49 299928.1 297764.08 301419.36
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 94.71 94.71 94.71 94.71 94.71
president of india 45.48 45.48 45.48 45.48 45.48
life insurance cor... 49.24 49.24 49.24 49.24 49.24
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 5.29 5.29 5.29 5.29 5.29
qualified institut... - - - - -
iepf 0.06 0.06 - - -
investor education... - - 0.06 0.08 0.08

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Idbi Bank informs about annual secretarial compliance report15 May 2023, 4:04PM Idbi Bank informs about change in auditor3 May 2023, 12:29PM IDBI Bank reports 66% rise in Q4 consolidated net profit29 Apr 2023, 5:44PM IDBI - Quaterly Results29 Apr 2023, 1:25PM IDBI - Quaterly Results29 Apr 2023, 1:25PM IDBI - Quaterly Results29 Apr 2023, 1:25PM IDBI Bank informs about closure of trading window27 Mar 2023, 4:54PM Idbi Bank informs about disclosure30 Jan 2023, 4:16PM IDBI Bank informs about press release23 Jan 2023, 3:45PM IDBI - Quaterly Results23 Jan 2023, 1:37PM IDBI - Quaterly Results23 Jan 2023, 1:37PM IDBI - Quaterly Results23 Jan 2023, 1:37PM Govt eyeing to get financial bids for IDBI Bank's strategic sale by September12 Jan 2023, 3:14PM Govt gets multiple preliminary bids for strategic sale of 61% stake in IDBI Bank9 Jan 2023, 11:10AM IDBI Mutual Fund inks scheme transfer agreement with LIC Mutual Fund30 Dec 2022, 4:28PM Idbi Bank informs about trading window closure27 Dec 2022, 5:19PM IDBI Bank informs about revision in rating 20 Dec 2022, 12:16PM Govt extends deadline to submit preliminary bids for IDBI Bank privatisation15 Dec 2022, 4:13PM IDBI Bank informs about change in directors 3 Dec 2022, 2:41PM IDBI Bank informs about results of resolutions passed by postal ballot 3 Dec 2022, 2:37PM IDBI Bank informs about strikes called off by AIBEA19 Nov 2022, 12:21PM IDBI Bank reports 32% rise in Q2 consolidated net profit25 Oct 2022, 11:56AM IDBI Bank informs about newspaper advertisement22 Oct 2022, 3:50PM IDBI - Quaterly Results21 Oct 2022, 1:54PM IDBI - Quaterly Results21 Oct 2022, 1:54PM IDBI - Quaterly Results21 Oct 2022, 1:54PM IDBI Bank inks pact with Vay Network Services11 Oct 2022, 10:10AM Government invites bids for privatising IDBI Bank10 Oct 2022, 10:50AM IDBI Bank gets nod to divest stake in NEDFi28 Sep 2022, 3:04PM IDBI Bank informs about closure of trading window26 Sep 2022, 4:43PM IDBI Bank sells entire stake in Ageas Federal Life Insurance Company 22 Sep 2022, 10:10AM IDBI Bank launches limited period special 500 days deposit 22 Aug 2022, 4:30PM IDBI Bank reports 28% rise in Q1 consolidated net profit22 Jul 2022, 12:08PM IDBI - Quaterly Results21 Jul 2022, 1:19PM IDBI - Quaterly Results21 Jul 2022, 1:19PM IDBI - Quaterly Results21 Jul 2022, 1:19PM IDBI Bank informs about conference call19 Jul 2022, 4:46PM IDBI Bank's gold loan book crosses Rs 10,000 crore landmark 5 Jul 2022, 4:18PM IDBI Bank invites bids for sale of property of Great Indian Tamasha Company21 Jun 2022, 12:14PM Government to invite preliminary bids for privatising IDBI Bank by July-end 11 Jun 2022, 12:01PM IDBI Bank enters into SPA with Ageas Insurance International NV20 May 2022, 11:58AM IDBI Bank offloads entire 19.18% stake in ARCIL19 May 2022, 9:38AM IDBI Bank informs about loss of share certificate13 May 2022, 5:25PM IDBI Bank informs about press release4 May 2022, 12:15PM IDBI Bank informs about press release2 May 2022, 4:30PM Idbi Bank informs about outcome of board meeting 2 May 2022, 4:22PM IDBI - Quaterly Results2 May 2022, 1:06PM IDBI - Quaterly Results2 May 2022, 1:06PM IDBI - Quaterly Results2 May 2022, 1:06PM IDBI Bank informs about conference call28 Apr 2022, 5:19PM

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

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. IDBI has earned Rs 18295.2956 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -6.06274660452394 % in last 3 Years.

  • In terms of advances, the bank reported 13.7509979384196 % YOY,  rise . If you see 3 years advance growth, it stands at -0.231842054033338 %.

  • Currently the company has a CASA ratio of 56.7737657218202 %. It’s overall cost of liability stands at 3.69032709441813 %. Also, the total deposits from these accounts stood at Rs 233134.4159 Cr.

  • The Bank has a Poor ROA track record. The ROA of IDBI is at 0.81419823754508 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 19.14 % and 1.27 % 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 -16.6911135102139 % 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 IDBI surged and is currently at Rs 4689.8953 Cr.

  • The company has a Good Capital Adequacy Ratio of 19.06 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently IDBI is trading at a P/B of 1.5994 . The historical average PB was 1.20395310513629.

Brief about IDBI

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