Indian Bank

Indian Bank

NSE: INDIANB BSE: 532814 SECTOR: Bank - Public  61k   417   77

294.80
+2.55 (0.87%)
NSE: 03 Feb 03:59 PM

Price Summary

Today's High

₹ 296

Today's Low

₹ 285.15

52 Week High

₹ 310

52 Week Low

₹ 131.5

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.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 36715.6 Cr.

CASA %

41.77

No. of Shares

124.54 Cr.

P/E

7.62

P/B

0.89

Face Value

₹ 10

Div. Yield

2.21 %

Book Value (TTM)

₹  332.06

Net Interest Income

₹ 16727.95 Cr.

Cost To Income %

46.21

Promoter Holding

79.86 %

EPS (TTM)

₹  38.69

CAR %

16.53

ROE

11.25 %

ROCE

7.09%

Profit Growth

31.29 %

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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 23 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
30378.1
  -54.9000000000015 (-0.180396280353567%)

NIFTYALPHA

Nifty Alpha 50
26202.5
  -64.2000000000007 (-0.244415933482323%)

NIFTY500

Nifty 500
14962.35
  122.950000000001 (0.828537541949137%)

NIFTYMIDCAP150

Nifty Midcap 150
11504.7
  -13.3499999999985 (-0.11590503600869%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
10666.2
  -21.3999999999996 (-0.200232044612447%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
9822.2
  48.7000000000007 (0.498286182022833%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
9736.5
  41.8999999999996 (0.43219936872072%)

NIFTY200

Nifty 200
9249.8
  87.6999999999989 (0.957204134423328%)

NIFTYTOTALMCAP

Nifty Total Market index
8329.2
  65.25 (0.789573993066273%)

NIFTYPSUBANK

Nifty PSU Bank
3888.6
  115.95 (3.07343644387896%)

NIFTY500VAL50

NIFTY500 Value 50
6995.57
  26.7599999999993 (0.383996693840105%)

NIFTYFULLMIDCAP100

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

SMLCAP

S&P Bse Small Cap
27862.68
  -131.48 (-0.469669388186678%)

BSE500

S&P Bse 500
23812.75
  192.66 (0.815661582999905%)

BSEPSU

S&P Bse PSU
9470.31
  77.0399999999991 (0.820161668939567%)

MID150

S&P Bse 150 MidCap
8757.09
  -6.68000000000029 (-0.0762229040698226%)

LMI250

S&P Bse 250 LargeMidCap
7178.73
  64.6099999999997 (0.908193845479133%)

ALLCAP

S&P Bse Allcap
6836.86
  51.0699999999997 (0.752602128860458%)

MSL400

S&P Bse 400 MidSmallCap
6622.03
  -11.3500000000004 (-0.171104323889182%)

BHRT22

S&P Bse Bharat 22 Index
4816.9
  32.0599999999995 (0.670032853763125%)

SML250

S&P Bse 250 SmallCap
3796.3
  -13.9699999999998 (-0.36664068425597%)

FIN

S&P Bse Finance
8656.78
  182.200000000001 (2.14995905401802%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
6987.04
  -18 (-0.256957847492667%)

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 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 %

16.53

Cost of Liabilities %

3.62305874835406

PEG Ratio

0.4

Advances Growth %

7.31161962559546

Share Holding Pattern

Promoter Pledging %

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

 Strengths

  • CASA stands at 41.7652882339707% of total deposits.
  • Good Capital Adequacy Ratio of 16.53%.
  • The company has delivered good Profit growth of 130.539491943543% over the past 3 years.
  • The company has delivered good Income growth of 26.5221729619298% over the past 3 years.
  • Strong Advances growth of 29.0080786866062% 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 46.2137545624308%.
  • Increase in Provision and contingencies of 18.0084196928954% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Interest Earned 9925.7 9832.41 10153.66 10709.9 11834.23
Other Income 1556.1 1572.76 1604.63 1828.11 1716.45
Interest Expended 5530.57 5577.25 5619.68 6025.93 6335.04
Operating Expenses 2663.27 3090.34 2574.23 2882.83 3154.22
Total Provisions 2493.05 1913.89 2218.93 2058.55 2515.73
Profit Before Tax 794.91 823.69 1345.45 1570.7 1545.69
Tax 105.18 -160.56 132.01 345.48 149.93
Net Profit 689.73 984.25 1213.44 1225.22 1395.76
Net NPA % 2.72 2.27 2.12 1.5 1
Gross NPA % 9.13 8.47 8.13 7.3 6.53
Return on Assets % 0.43 0.62 0.73 0.71 0.8
NPM % 6.95 10.01 11.95 11.44 11.79

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 Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 79.86 79.86 79.86 79.86 79.86
president of india... - - - - -
president of india 79.86 79.86 79.86 79.62 79.62
govt. of india - - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 20.14 20.14 20.14 20.14 20.14
hdfc trustee compa... - - - 4.39 4.39
hdfc trustee compa... 2.81 3.21 3.21 - -
life insurance cor... 3.07 3.07 3.07 1.85 1.85
life insurance cor... - - - - -
life insurance com... - - - - -
l and t mutual fun... - - - 2.61 2.39
hdfc trustee compa... - - - - -
hdfc trustee compa... - - - - -
hdfc mutual fund u... - - - - -
l&t mutual fund tr... 1.38 1.68 - - -
hsbc small cap fun... - - 1.68 - -
l&t mutual fund tr... - - - - -
sbi mutual fund un... - - - - -
sbi life insurance... - - - - -
hsbc global invest... - - - - 1.05
sbi mutual fund an... - - - - -
hsbc global invest... - - - 1.02 -
sbi long term equi... - 1.01 - - -

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

Indian Bank reports 99% jump in Q3 consolidated net profit25 Jan 2023, 3:08PM Indian Bank - Quaterly Results25 Jan 2023, 1:45PM Indian Bank - Quaterly Results25 Jan 2023, 1:45PM Indian Bank - Quaterly Results25 Jan 2023, 1:45PM Indian Bank submits disclosure 14 Jan 2023, 12:06PM Indian Bank introduces QR code bill payment system for CESC2 Jan 2023, 11:39AM Indian Bank partners with Honda Cars India 23 Dec 2022, 6:24PM Indian Bank informs about discloure21 Dec 2022, 4:25PM Indian Bank reports 14% rise in Q2 consolidated net profit4 Nov 2022, 4:49PM Indian Bank - Quaterly Results3 Nov 2022, 1:28PM Indian Bank - Quaterly Results3 Nov 2022, 1:28PM Indian Bank - Quaterly Results3 Nov 2022, 1:28PM Indian Bank signs MoU with Ashok Leyland17 Oct 2022, 9:40AM 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 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 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.

Brief about Indian Bank

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