Indian Bank

Indian Bank

NSE: INDIANB BSE: 532814 SECTOR: Bank - Public  50k   380   69

183.70
+2.80 (1.55%)
NSE: Today, 04:04 PM

Price Summary

Today's High

₹ 185.8

Today's Low

₹ 181

52 Week High

₹ 194.95

52 Week Low

₹ 115.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
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

₹ 22878.75 Cr.

CASA %

42.3

No. of Shares

124.54 Cr.

P/E

5.75

P/B

0.59

Face Value

₹ 10

Div. Yield

3.54 %

Book Value (TTM)

₹  310.82

Net Interest Income

₹ 15665.95 Cr.

Cost To Income %

46.21

Promoter Holding

79.86 %

EPS (TTM)

₹  31.93

CAR %

15.71

ROE

11.61 %

ROCE

7.67%

Profit Growth

298.84 %

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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 20 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
31401.4
  146.850000000002 (0.46985158960855%)

NIFTY500

Nifty 500
15379.05
  98.5499999999993 (0.644939628938834%)

NIFTYMIDCAP150

Nifty Midcap 150
11830.6
  48.3000000000011 (0.409936939307265%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
10856.1
  46.6000000000004 (0.431102271150374%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10111
  56.1499999999996 (0.558436973201992%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
9941.1
  56.9500000000007 (0.576174987227041%)

NIFTY200

Nifty 200
9538
  64.0499999999993 (0.67606436597194%)

NIFTYTOTALMCAP

Nifty Total Market index
8550.15
  55.1499999999996 (0.649205414949972%)

NIFTYPSUBANK

Nifty PSU Bank
2933.55
  64.7000000000003 (2.25525907593636%)

NIFTY500VAL50

NIFTY500 Value 50
6270.19
  160.7 (2.6303341195419%)

NIFTYFULLMIDCAP100

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

SMLCAP

S&P Bse Small Cap
28343
  148.630000000001 (0.527161983048385%)

BSE500

S&P Bse 500
24520.68
  162.889999999999 (0.668738830575344%)

BSEPSU

S&P Bse PSU
8992.53
  53.4200000000001 (0.597598642370434%)

FIN

S&P Bse Finance
8507.26
  76.2299999999996 (0.904159989941911%)

ALLCAP

S&P Bse Allcap
7034.99
  47.1300000000001 (0.674455412672836%)

MSL400

S&P Bse 400 MidSmallCap
6705.83
  38.04 (0.570503870097894%)

BHRT22

S&P Bse Bharat 22 Index
4438.85
  27.3800000000001 (0.620654793073516%)

SML250

S&P Bse 250 SmallCap
3760.12
  20.6199999999999 (0.551410616392567%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
7148.06
  41.29 (0.580995304477283%)

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

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Ratios

ROE%

1 Year11.25%
3 Year9.04%
5 Year7.49%

ROA%

1 Year0.61%
3 Year0.5%
5 Year0.43%

Net NPA%

1 Year2.27%
3 Year2.92%
5 Year3.27%

 NIM

1 Year2.6%
3 Year2.62%
5 Year2.62%

CAR %

15.71

Cost of Liabilities %

4.15419000194438

PEG Ratio

0.05

Advances Growth %

7.31161962559546

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 79.86 0
Mar 2022 79.86 0
Dec 2021 79.86 0
Sep 2021 79.86 0
Jun 2021 79.86 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • CASA stands at 42.298286285503% of total deposits.
  • Good Capital Adequacy Ratio of 15.71%.
  • The company has delivered good Profit growth of 33.6364352868078% over the past 3 years.
  • The company has delivered good Income growth of 31.7139038967093% over the past 3 years.
  • Strong Advances growth of 32.4756342419019% in the last 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.502978016955462%
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 2.92333333333333%.
  • High Cost to income ratio of 47.5946516071111%.
  • Increase in Provision and contingencies of 65.6498012901846% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Interest Earned 9623.59 9474.51 9925.7 9832.41 10153.66
Other Income 1820.68 1965.91 1556.1 1572.76 1604.63
Interest Expended 5629.43 5391.02 5530.57 5577.25 5619.68
Operating Expenses 2398.99 2773.9 2663.27 3090.34 2574.23
Total Provisions 2558.57 2547.15 2493.05 1913.89 2218.93
Profit Before Tax 857.28 728.34 794.91 823.69 1345.45
Tax -324.38 -360.83 105.18 -160.56 132.01
Net Profit 1181.66 1089.17 689.73 984.25 1213.44
Net NPA % 3.47 3.26 2.72 2.27 2.12
Gross NPA % 9.69 9.56 9.13 8.47 8.13
Return on Assets % 0.75 0.69 0.43 0.62 0.73
NPM % 12.28 11.5 6.95 10.01 11.95

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 17113.65 19184.81 21404.97 39105.79 38856.22
Other Income 2405.84 1882.89 3312.46 5650.19 6915.45
Interest Expended 10850.09 12166.72 13798.55 23439.84 22128.27
Operating Expenses 3668.4 4020.37 4420.84 10349.55 10926.5
Total Provisions 3924.57 4596.4 5125.31 8061.01 9512.67
Profit Before Tax 1076.42 284.21 1372.73 2905.58 3204.23
Taxes -182.57 -37.74 619.37 -99.1 -740.59
Net Profit 1258.99 321.95 753.36 3004.68 3944.82
Adjusted EPS (Rs.) 26.21 6.7 12.37 26.61 31.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 480.29 480.29 608.8 1129.37 1245.44
Total Reserves 17968.13 18908.4 21480.47 37282.58 42463.36
Deposits 208294.22 242075.95 260225.9 538071.11 593617.81
Borrowings 19760.17 12137.54 20830.31 24734.33 17144.31
Other Liabilities 6213.01 6463.09 6322.7 22209.27 17197.13
Total Liabilities 252715.82 280065.27 309468.17 623426.67 671668.06
Assets
Balance with RBI 10501.6 11701.86 5736.12 27545.08 24054.41
Balance with Banks 2426.19 8318.52 8188.56 23919.39 55861.64
Investments 71397.77 64992.17 81241.69 176536.97 174558.59
Advances 156568.93 181261.91 197887.01 362669.08 389186.06
Net Block 3417.74 3960.64 3894.96 7375.25 7682.74
Other Assets 8402.99 9829.4 12519.05 25379.84 20323.64
Total Assets 252715.82 280065.27 309468.17 623426.67 671668.06
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 79.86 79.86 79.86 79.86 79.86
president of india... 79.86 - - - -
president of india - 79.86 79.86 79.62 79.62
govt. of india - - - - -
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 20.14 20.14 20.14 20.14 20.14
hdfc trustee compa... - - - 4.39 4.39
life insurance com... - - - - -
life insurance cor... 3.07 3.07 - - -
life insurance cor... - - 3.07 1.85 1.85
hdfc trustee compa... - - 2.81 - -
l and t mutual fun... - - - 2.61 2.39
hdfc trustee compa... - 2.30 - - -
hdfc trustee compa... - - - - -
hdfc mutual fund u... 1.68 - - - -
l&t mutual fund tr... - - 1.38 - -
l&t mutual fund tr... - 1.37 - - -
sbi mutual fund un... - - - - -
sbi life insurance... - - - - -
hsbc global invest... - - - - 1.05
sbi mutual fund an... - - - - -
hsbc global invest... - - - - -
hsbc global invest... - - - 1.02 -

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ4FY22 21 May 2022
  • PresentationQ1FY23 4 Aug 2022
  • PresentationQ2FY22 30 Oct 2021
  • PresentationQ2FY21 24 Oct 2020
  • PresentationQ1FY22 19 Jul 2021
  • PresentationQ3FY22 11 Feb 2022

Company News

RBI imposes monetary penalty of Rs 32 lakh on Indian Bank8 Aug 2022, 3:52PM Indian Bank join hand with SRM University-AP for financing start-ups, MSMEs8 Aug 2022, 9:49AM Indian Bank reports marginal rise in Q1 consolidated net profit1 Aug 2022, 2:19PM Indian Bank - Quaterly Results30 Jul 2022, 5:25PM Indian Bank - Quaterly Results30 Jul 2022, 5:25PM Indian Bank - Quaterly Results30 Jul 2022, 5:25PM Indian Bank collaborates with Tata Motors Passenger Vehicles 20 Jul 2022, 12:30PM Indian Bank enters into agreement with Government of Haryana4 Jul 2022, 9:15AM Indian Bank informs about AGM proceedings23 Jun 2022, 11:37AM Indian Bank informs about credit rating18 Jun 2022, 12:55PM Indian Bank rolls out KCC Digital renewal scheme15 Jun 2022, 9:19AM Indian Bank informs about annual report1 Jun 2022, 9:56AM Indian Bank declares three non-performing accounts as fraud28 May 2022, 12:10PM Indian Bank reports 41% fall in Q4 consolidated net profit 12 May 2022, 10:49AM Indian Bank - Quaterly Results11 May 2022, 6:17PM Indian Bank - Quaterly Results11 May 2022, 6:17PM Indian Bank - Quaterly Results11 May 2022, 6:17PM Indian Bank rolls out digital broking solution ‘E-Broking’9 May 2022, 10:13AM Indian Bank inks MoU with Government of Haryana6 May 2022, 10:41AM Indian Bank launches pre-approved personal loan product under Project 'WAVE'29 Apr 2022, 9:58AM Indian Bank inks pact to offload entire 4% stake in ISARC11 Apr 2022, 11:15AM Indian Bank informs about closure of trading window25 Mar 2022, 1:14PM Indian Bank submits disclosure 12 Mar 2022, 10:54AM Indian Bank informs about press release7 Feb 2022, 5:00PM Indian Bank reports 34% rise in Q3 consolidated net profit7 Feb 2022, 3:46PM Indian Bank - Quaterly Results7 Feb 2022, 2:40PM Indian Bank - Quaterly Results7 Feb 2022, 2:40PM Indian Bank - Quaterly Results7 Feb 2022, 2:40PM Indian Bank informs about analyst meet5 Feb 2022, 11:39AM Indian Bank partners with Edelweiss10 Jan 2022, 11:42AM Indian Bank informs about confirmation certificate6 Jan 2022, 4:42PM Indian Bank informs about disclosure14 Dec 2021, 2:30PM Indian Bank reports fraud of more than Rs 33 crore to Reserve Bank of India 1 Dec 2021, 9:49AM Indian Bank launches video KYC facility 10 Nov 2021, 9:05AM Indian Bank reports over Rs 266 crore fraud to RBI1 Nov 2021, 3:23PM Indian Bank informs about outcome of board meeting28 Oct 2021, 3:09PM Indian Bank informs about compliance certificate8 Oct 2021, 10:33AM Indian Bank informs about updates5 Oct 2021, 9:56AM Indian Bank picks up 13.27% stake in proposed bad bank NARCL4 Oct 2021, 2:29PM Indian Bank launches ‘MSME Prerana’ programme in Odisha19 Aug 2021, 11:02AM Indian Bank launches MSME mentoring programme in West Bengal 13 Aug 2021, 9:59AM Indian Bank informs about credit rating6 Aug 2021, 5:10PM Indian Bank signs MoU with SINE, IIT Bombay 4 Aug 2021, 12:14PM Indian Bank declares Lanco Infra, Basundhara Green Power as fraud accounts26 Jul 2021, 2:46PM Indian Bank reports around 3- fold jump in Q1 consolidated net profit 19 Jul 2021, 4:34PM Indian Bank informs about proceedings of the 15th AGM17 Jul 2021, 11:04AM Indian Bank raises Rs 1,650 crore through QIP25 Jun 2021, 11:46AM Indian Bank informs about analyst meet15 Jun 2021, 11:08AM Indian Bank declares NPA account of Saravana Stores as fraud 6 May 2021, 1:29PM Indian Bank gets nod to raise Rs 4,000 crore via QIP10 Mar 2021, 9:24AM

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

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Indian Bank has earned Rs 39105.7865 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 31.7139038967093 % in last 3 Years.

  • In terms of advances, the bank reported 83.9485258990836 % YOY,  rise . If you see 3 years advance growth, it stands at 32.4756342419019 %.

  • Currently the company has a CASA ratio of 42.298286285503 %. It’s overall cost of liability stands at 4.15419000194438 %. Also, the total deposits from these accounts stood at Rs 538071.1149 Cr.

  • The Bank has a Poor ROA track record. The ROA of Indian Bank is at 0.642386701897611 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 9.85 % and 3.37 % 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 positive at 65.6498012901846 % which means it has increased 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 Bank surged and is currently at Rs 6079.2538 Cr.

  • The company has a Good Capital Adequacy Ratio of 15.71 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Indian Bank is trading at a P/B of 0.5904 . The historical average PB was 0.639433314300469.

Brief about Indian Bank

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