SECTOR: Bank - Public
₹ 36715.6 Cr.
₹ 16727.95 Cr.
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The company is present in 23 Indices.
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Holding Value: 29319.322208 Cr.
As of December2022
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 38856.2207 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 26.5221729619298 % in last 3 Years.
In terms of advances, the bank reported 7.31161962559546 % YOY, rise . If you see 3 years advance growth, it stands at 29.0080786866062 %.
Currently the company has a CASA ratio of 41.7652882339707 %. It’s overall cost of liability stands at 3.62305874835406 %. Also, the total deposits from these accounts stood at Rs 593617.8137 Cr.
The Bank has a average ROA track record. The ROA of Indian Bank is at 0.609194144079072 %.
The Lender is inefficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 8.47 % and 2.27 % 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 positive at 18.0084196928954 % 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 6915.4497 Cr.
The company has a Good Capital Adequacy Ratio of 16.53 .
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Indian Bank is trading at a P/B of 0.8846 . The historical average PB was 0.555946239709257.