IDBI Bank Ltd.

NSE: IDBI BSE: 500116 SECTOR: Bank - Private  66k   412   94

53.20
-2.35 (-4.23%)
NSE: 22 Oct 03:59 PM

Price Summary

Today's High

₹ 57.3

Today's Low

₹ 52.75

52 Week High

₹ 65.25

52 Week Low

₹ 26.35

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

57202.78 Cr.

CASA %

50.45

No. of Shares

1075.24 Cr.

P/E

27.75

P/B

1.8

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  29.48

Net Interest Income

8517.55 Cr.

Cost To Income %

46.05

Promoter Holding

94.71 %

EPS (TTM)

₹  1.92

CAR %

15.59

ROE

4.68 %

ROCE

7.33%

Profit Growth

110.55 %

* 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.

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.
* 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 Year4.68%
3 Year-34.57%
5 Year-35.89%

ROA%

1 Year0.45%
3 Year-2.74%
5 Year-2.38%

Net NPA%

1 Year1.97%
3 Year5.42%
5 Year9.23%

 NIM

1 Year3.49%
3 Year2.88%
5 Year2.47%

CAR %

15.59

Cost of Liabilities %

4.62476005004161

PEG Ratio

0.25

Advances Growth %

-1.30300677227192

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 94.71 0
Jun 2021 94.71 0
Mar 2021 94.71 0
Dec 2020 94.71 0
Sep 2020 98.11 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • CASA stands at 50.4513073133901% of total deposits.
  • Other Income is 23.2050602540422% of total income.
  • Good Capital Adequacy Ratio of 15.59%.
  • The company has delivered good Profit growth of 29.3662482559448% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -2.73690291965592%
  • Company has a low ROE of -34.5724499677921% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 5.42333333333333%.
  • High Cost to income ratio of 46.0478719026379%.
  • The company has delivered poor Income growth of -4.69714793342598% over the past 3 years.
  • Poor Advances growth of -9.2982435303489% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Interest Earned 4688.33 4563.98 5781.75 4916.13 4154.44
Other Income 881.02 1368.27 1180.84 1638.82 846.2
Interest Expended 2994.08 2754.46 2541.68 2410.4 2300.79
Operating Expenses 1520.78 1538.53 1541.62 1368.48 1490.85
Total Provisions 389.44 796.31 2456.65 1751.8 434.47
Profit Before Tax 665.05 842.95 422.64 1024.27 774.53
Tax 340.65 464.53 -89.56 420.97 207.41
Net Profit 324.4 378.42 512.2 603.3 567.12
Net NPA % 2.67 1.94 1.97 1.67 1.62
Gross NPA % 25.08 23.52 22.37 22.71 20.92
Return on Assets % 0.43 0.51 0.7 0.83 0.78
NPM % 6.92 8.29 8.86 12.27 13.65

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Interest Earned 27791.37 23026.53 22071.24 20825.11 19931.76
Other Income 4007.83 7013.58 3300.3 4470.36 4625.18
Interest Expended 22039.71 17386.21 16165.62 13847.3 11414.21
Operating Expenses 5140.81 4744.69 5153.79 6336.16 6051.95
Total Provisions 13236.71 20501.75 26879.29 14079.44 4722.16
Profit Before Tax -8618.02 -12592.53 -22827.16 -8967.43 2368.62
Taxes -3459.88 -4354.61 -7710.87 3919.9 1009.16
Net Profit -5158.14 -8237.92 -15116.29 -12887.33 1359.46
Adjusted EPS (Rs.) -25.05 -26.71 -19.54 -12.41 1.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 2058.82 3083.86 7736.29 10380.59 10752.4
Total Reserves 20504.83 18125.87 29875.4 23643.77 26058.67
Deposits 268538.1 247931.61 227371.72 222424.13 230898.41
Borrowings 56363.98 63185.53 45287.72 36748.86 15908.05
Other Liabilities 14408.75 17758.85 10013.35 6730.75 14146.55
Total Liabilities 361874.47 350085.72 320284.49 299928.1 297764.08
Assets
Balance with RBI 13346.92 13163.69 12730.47 10538.83 13012.8
Balance with Banks 19337.16 20522.4 8503.23 19891.57 22209.39
Investments 92934.41 91606.06 93072.63 81780.42 81022.56
Advances 190825.93 171739.95 146790.44 129841.79 128149.94
Net Block 6808.94 6269.1 7763.37 7642.15 7357.42
Other Assets 38081.27 46282.64 50956.74 49746.31 45541.97
Total Assets 361874.47 350085.72 320284.49 299928.1 297764.08
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 98.11 94.71 94.71 94.71 94.71
president of india 47.11 45.48 45.48 45.48 45.48
life insurance cor... 51.00 49.24 49.24 49.24 49.24
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 1.89 5.29 5.29 5.29 5.29
qualified institut... - 0.21 0.06 - -
iepf 0.04 0.05 0.05 0.05 0.06

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

IDBI Bank informs about newspaper publication22 Oct 2021, 1:58PM IDBI Bank reports 77% rise in Q2 consolidated net profit21 Oct 2021, 4:50PM IDBI Bank informs about board meeting14 Oct 2021, 4:25PM IDBI Bank informs about certificate5 Oct 2021, 11:13AM IDBI Bank informs about statement of issue of duplicate share certificates7 Sep 2021, 4:06PM IDBI Bank gets nod to sell entire holding in ARCIL28 Aug 2021, 11:03AM Govt appoints KPMG India as transaction adviser for disinvestment of 45.48% stake in IDBI Bank: Report27 Aug 2021, 1:33PM IDBI Bank informs about appointment of statutory auditors11 Aug 2021, 2:38PM IDBI Bank reports around 4-fold jump in Q1 consolidated net profit28 Jul 2021, 1:53PM IDBI Bank informs about newspaper advertisement17 Jul 2021, 3:32PM Govt extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale 12 Jul 2021, 1:42PM Govt invites bids from transaction advisors, legal firms for assisting in strategic sale of IDBI Bank23 Jun 2021, 1:27PM IDBI Bank, LIC Cards Services launch contactless prepaid gift card ‘Shagun’17 Jun 2021, 4:31PM IDBI Bank secures $239 million debt judgment in UK High Court4 Jun 2021, 2:16PM IDBI Bank informs about credit rating 3 Jun 2021, 12:28PM IDBI Bank terminates rating engagements with global rater S&P28 May 2021, 12:14PM IDBI Bank launches fully digitised loan processing system for MSME, agri borrowers20 May 2021, 9:25AM IDBI Bank informs about annual secretarial compliance report19 May 2021, 3:22PM IDBI Bank informs about board meeting11 May 2021, 3:21PM IDBI Bank unveils video-based customer identification process 6 May 2021, 12:56PM CCEA gives in-principle approval for strategic disinvestment in IDBI Bank6 May 2021, 9:40AM IDBI Bank submits newspapers publication4 May 2021, 3:27PM IDBI Bank reports around 4-fold jump in Q4 consolidated net profit4 May 2021, 9:47AM IDBI Bank informs about investor Presentation3 May 2021, 3:23PM IDBI Bank informs about press release3 May 2021, 3:22PM IDBI informs about audited financial results3 May 2021, 2:20PM IDBI Bank informs about conference call26 Apr 2021, 5:00PM IDBI Bank informs about certificate15 Apr 2021, 3:46PM IDBI Bank informs about interest payment of bonds3 Apr 2021, 11:01AM IDBI Bank’s board approves Rs 8,000 crore bond borrowing limit for next financial year27 Mar 2021, 11:24AM IDBI Bank to seek approval for Rs 8,000 crore rupee bond borrowing for next fiscal24 Mar 2021, 2:38PM IDBI Bank informs about issue of rupee bonds23 Mar 2021, 3:53PM IDBI Bank deposits Rs 25 lakh towards Recovery Expense Fund22 Mar 2021, 11:31AM IDBI Bank cautions public against fake job offers20 Mar 2021, 12:21PM IDBI Bank informs about interest payment of bonds15 Mar 2021, 12:11PM RBI removes IDBI Bank from PCA framework 11 Mar 2021, 11:12AM IDBI Bank informs about interest payment of bonds3 Feb 2021, 11:07AM IDBI Bank informs about newspapers advertisement29 Jan 2021, 11:04AM IDBI Bank turns black in Q329 Jan 2021, 9:30AM IDBI Bank informs about outcome of board meeting28 Jan 2021, 3:42PM IDBI Bank informs about interest payment of NCD20 Jan 2021, 10:43AM IDBI Bank launches Video KYC Account Opening facility for savings bank accounts5 Jan 2021, 12:22PM IDBI Bank informs about annual interest payment of bonds2 Jan 2021, 10:53AM IDBI Bank sells 23% stake in IDBI Federal Life Insurance to Ageas Insurance1 Jan 2021, 10:33AM IDBI Bank raises Rs 1,435 crore through equity shares21 Dec 2020, 9:08AM IDBI Bank downsizes QIP to Rs 2,000 crore16 Dec 2020, 12:35PM IDBI Bank informs about interest payment of bonds14 Dec 2020, 11:25AM IDBI Bank informs about revision in rating 4 Dec 2020, 12:51PM IDBI Bank redeems $350 million Senior Notes1 Dec 2020, 11:11AM IDBI Bank informs about annual interest payment of bonds1 Dec 2020, 10:42AM

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 19931.7582 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -4.69714793342598 % in last 3 Years.

  • In terms of advances, the bank reported -1.30300677227192 % YOY,  fall . If you see 3 years advance growth, it stands at -9.2982435303489 %.

  • Currently the company has a CASA ratio of 50.4513073133901 %. It’s overall cost of liability stands at 4.62476005004161 %. Also, the total deposits from these accounts stood at Rs 230898.4076 Cr.

  • The Bank has a Poor ROA track record. The ROA of IDBI is at 0.454904431516426 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 27.53 % and 1.97 % 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 -66.4606265745872 % 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 4625.1765 Cr.

  • The company has a Good Capital Adequacy Ratio of 15.59 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently IDBI is trading at a P/B of 1.8282 . The historical average PB was 1.10702871245457.

Brief about IDBI

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