Indian Overseas Bank

Indian Overseas Bank

NSE: IOB BSE: 532388 SECTOR: Bank - Public  79k   403   89

25.25
0 0
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 25.7

Today's Low

₹ 25.2

52 Week High

₹ 36.7

52 Week Low

₹ 15.25

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 47728.59 Cr.

CASA %

43.44

No. of Shares

1890.24 Cr.

P/E

22.74

P/B

2.35

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  10.73

Net Interest Income

₹ 6311.14 Cr.

Cost To Income %

48.61

Promoter Holding

96.38 %

EPS (TTM)

₹  1.11

CAR %

13.83

ROE

9.78 %

ROCE

8.47%

Profit Growth

105.6 %

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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.

NIFTY500

Nifty 500
16006.7
  128.300000000001 (0.808015920999594%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
11951.45
  132.75 (1.12321998189311%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10586.5
  96.6499999999996 (0.921366845093119%)

NIFTYSMALL

NIFTY Smallcap 100
10555.55
  140.299999999999 (1.34706320059528%)

NIFTYSMALLCAP250

Nifty Smallcap 250
10239.2
  113.5 (1.12091015929763%)

NIFTYTOTALMCAP

Nifty Total Market index
8933.95
  72.5500000000011 (0.818719389712697%)

NIFTYSMALLCAP50

Nifty Smallcap 50
4811.35
  62.9000000000005 (1.32464277816973%)

NIFTYPSUBANK

Nifty PSU Bank
4096.9
  29.4499999999998 (0.724040860981701%)

SMLCAP

S&P Bse Small Cap
31533.68
  358.700000000001 (1.15060218162129%)

MIDCAP

S&P Bse Mid Cap
27751.75
  298.919999999998 (1.08884949201957%)

BSE500

S&P Bse 500
25431.1
  197.509999999998 (0.782726516520227%)

BSEPSU

S&P Bse PSU
10564.32
  114.889999999999 (1.09948580927379%)

MID150

S&P Bse 150 MidCap
9711.62
  110.300000000001 (1.14880037328202%)

BSE200

S&P Bse 200
8072.88
  59.3800000000001 (0.740999563237033%)

LMI250

S&P Bse 250 LargeMidCap
7634.07
  57.5099999999993 (0.759051601254379%)

MSL400

S&P Bse 400 MidSmallCap
7380.29
  81.9799999999996 (1.12327374419556%)

ALLCAP

S&P Bse Allcap
7331.49
  58.4699999999993 (0.803930141811793%)

FIN

S&P Bse Finance
9199.65
  24.0699999999997 (0.262326741197838%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7532.11
  8.11999999999989 (0.10792146188392%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
7831.22
  27.8800000000001 (0.357282907062872%)

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 Year9.78%
3 Year-15.32%
5 Year-26.24%

ROA%

1 Year0.6%
3 Year-0.81%
5 Year-1.3%

Net NPA%

1 Year2.65%
3 Year3.89%
5 Year7.56%

 NIM

1 Year2.26%
3 Year2.31%
5 Year2.33%

CAR %

13.83

Cost of Liabilities %

3.92819278703524

PEG Ratio

0.29

Advances Growth %

12.9367268046671

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 96.38 0
Dec 2022 96.38 0
Sep 2022 96.38 0
Jun 2022 96.38 0
Mar 2022 96.38 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • CASA stands at 43.4380293888053% of total deposits.
  • Other Income is 29.3069881216384% of total income.
  • The company has delivered good Profit growth of 34.9447621533032% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.810662534727903%
  • Company has a low ROE of -15.3240736027247% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 3.89%.
  • High Cost to income ratio of 48.610370876186%.
  • The company has delivered poor Income growth of -1.73403907685111% over the past 3 years.
  • Poor Advances growth of 2.84586969417167% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Interest Earned 4214.52 4434.75 4717.61 5055.53 5192.44
Other Income 1504.16 593.45 1134.84 950.48 1429.98
Interest Expended 2604.99 2680.99 2764.25 2783.87 2916.33
Operating Expenses 1499.37 1320.84 1594.02 1682.2 1824.41
Total Provisions 1014.13 630.4 988.23 979.5 995.8
Profit Before Tax 600.19 395.97 505.95 560.44 885.88
Tax 47.81 3.79 4.61 5.25 235.81
Net Profit 552.38 392.18 501.34 555.19 650.07
Net NPA % 2.65 2.43 2.56 2.43 1.83
Gross NPA % 9.82 9.12 8.53 8.19 7.44
Return on Assets % 0.74 0.51 0.65 0.73 0.83
NPM % 13.11 8.84 10.63 10.98 12.52

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 17915.21 17631.26 17406.11 16965.53 16729.87
Other Income 3746.44 4206.32 3359.68 5559.02 4903.02
Interest Expended 12447.64 12352.13 12103.28 11067.02 10418.73
Operating Expenses 5584.93 4451.58 5128.83 5561.72 5451.24
Total Provisions 12260.79 10994.41 11878.16 5056.1 3983.85
Profit Before Tax -8631.7 -5960.54 -8344.48 839.71 1779.06
Taxes -2332.21 -2222.66 182.92 8.24 69.52
Net Profit -6299.49 -3737.88 -8527.4 831.47 1709.54
Adjusted EPS (Rs.) -12.88 -4.09 -5.19 0.51 0.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 4890.77 9141.65 16436.99 16436.99 18902.41
Total Reserves 8383.21 7218.23 -282.01 507.82 4097.98
Deposits 216831.81 222534.08 222951.88 240288.3 262158.92
Borrowings 9228.08 6146.04 5419.73 3671.58 3070.64
Other Liabilities 8634.16 4968.36 16200.24 13105.67 11147.21
Total Liabilities 247968.03 250008.36 260726.83 274010.35 299377.17
Assets
Balance with RBI 11579.45 10292.53 3155.22 12188.25 16705.99
Balance with Banks 14965.54 20598.97 20905.43 18588.08 20067.2
Investments 68645.94 66932.27 79416.08 95494.22 98179.31
Advances 132488.81 132597.63 121333.41 127720.65 144243.52
Net Block 2837.71 3321.35 3123.86 2917.66 3364.79
Other Assets 17394.85 16250.05 32789.35 17100.36 16816.24
Total Assets 247968.03 250008.36 260726.83 274010.35 299377.17
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 96.38 96.38 96.38 96.38 96.38
government of india - - - - -
president of india... - - - - -
govt. of india - - - - -
the president of i... - 89.74 - - -
president of india... - - - - -
president of india... 91.99 - - 89.74 -
govt of india - - 89.74 - -
he president of in... - - - - 82.41
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 3.62 3.62 3.62 3.62 3.62
lic of india - - 5.36 5.36 9.19
life insurance cor... - 5.36 - - -
life insurance cor... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ2FY23 9 Nov 2022
  • PresentationQ1FY22 6 Aug 2021
  • PresentationQ4FY20 31 Dec 2020
  • PresentationQ2FY21 31 Dec 2020
  • PresentationQ1FY21 31 Dec 2020
  • PresentationQ2FY22 30 Oct 2021
  • PresentationQ4FY21 15 Jun 2021
  • PresentationQ3FY22 12 Feb 2022
  • PresentationQ3FY23 11 Apr 2023
  • PresentationQ3FY21 10 Feb 2021

Company News

RBI imposes penalty on Indian Overseas Bank5 Jun 2023, 9:44AM Indian Overseas Bank reports 19% rise in Q4 consolidated net profit 15 May 2023, 2:31PM Indian Overseas Bank gets nod for capital raising plan for FY2415 May 2023, 11:30AM Indian Overseas Bank informs about board meeting outcome 13 May 2023, 1:36PM Indian Overseas Bank - Quaterly Results12 May 2023, 7:04PM Indian Overseas Bank - Quaterly Results12 May 2023, 7:04PM Indian Overseas Bank raises Rs 1000 crore via Bonds 25 Mar 2023, 3:50PM Indian Overseas Bank informs about details of loss of certificate18 Feb 2023, 1:56PM Indian Overseas Bank launches facility of issuance of Electronic Bank Guarantee scheme15 Feb 2023, 4:50PM Indian Overseas Bank reports 23% rise in Q3 consolidated net profit10 Feb 2023, 2:52PM Indian Overseas Bank - Quaterly Results9 Feb 2023, 3:32PM Indian Overseas Bank - Quaterly Results9 Feb 2023, 3:32PM Indian Overseas Bank - Quaterly Results9 Feb 2023, 3:32PM Indian Overseas Bank informs about board meeting1 Feb 2023, 4:58PM Indian Overseas Bank informs about loss of share certificate24 Jan 2023, 12:29PM Indian Overseas Bank enters into agreement with broking partner SMC Global24 Nov 2022, 9:49AM Indian Overseas Bank reports 33% rise in Q2 consolidated net profit7 Nov 2022, 10:15AM Indian Overseas Bank - Quaterly Results5 Nov 2022, 9:28PM Indian Overseas Bank informs about board meeting29 Oct 2022, 12:33PM Indian Overseas Bank informs about details of loss of certificate 6 Oct 2022, 4:16PM Indian Overseas Bank informs about disclosure6 Oct 2022, 12:17PM Indian Overseas Bank informs about payment of interest 26 Sep 2022, 5:07PM Indian Overseas Bank reports 20% rise in Q1 net profit8 Aug 2022, 2:42PM Indian Overseas Bank - Quaterly Results6 Aug 2022, 5:24PM Indian Overseas Bank - Quaterly Results6 Aug 2022, 5:24PM Indian Overseas Bank - Quaterly Results6 Aug 2022, 5:24PM Indian Overseas Bank informs about compliance certificate7 Jul 2022, 2:58PM Indian Overseas Bank informs about certificate6 Jul 2022, 4:56PM Indian Overseas Bank aims to boost advances in retail, MSMEs, corporate and agricultural loans in FY2327 Jun 2022, 9:14AM RBI imposes Rs 57.5 lakh penalty on Indian Overseas Bank 25 Jun 2022, 9:45AM Indian Overseas Bank informs about newspaper publication24 Jun 2022, 5:02PM Indian Overseas Bank gets nod to raise up to Rs 1,000 crore 16 Jun 2022, 9:39AM Indian Overseas Bank informs about loss of share certificate7 Jun 2022, 2:55PM Indian Overseas Bank reports 58% rise in Q4 net profit18 May 2022, 6:02PM Indian Overseas Bank - Quaterly Results18 May 2022, 1:45PM Indian Overseas Bank - Quaterly Results18 May 2022, 1:45PM Indian Overseas Bank - Quaterly Results18 May 2022, 1:45PM Indian Overseas Bank signs MoU with Software Technology Parks of India2 Apr 2022, 10:00AM Indian Overseas Bank raises Rs 665 crore through bonds1 Apr 2022, 9:29AM Indian Overseas Bank informs about credit rating9 Mar 2022, 4:57PM Indian Overseas Bank sanctions loan of Rs 1,000 crore to JKIDFC 7 Mar 2022, 3:27PM Indian Overseas Bank informs about appointment of RBI nominee director26 Feb 2022, 10:21AM Indian Overseas Bank informs about issuance of duplicate share certificate18 Feb 2022, 4:52PM Indian Overseas Bank informs about issuance of duplicate share certificate9 Feb 2022, 4:11PM Indian Overseas Bank reports above 2- fold jump in Q3 net profit 2 Feb 2022, 2:57PM Indian Overseas Bank - Quaterly Results2 Feb 2022, 1:26PM Indian Overseas Bank - Quaterly Results2 Feb 2022, 1:26PM Indian Overseas Bank - Quaterly Results2 Feb 2022, 1:26PM Indian Overseas Bank informs about credit rating 14 Dec 2021, 4:48PM Indian Overseas Bank informs about interest payment10 Dec 2021, 4:34PM

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

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Indian Overseas Bank has earned Rs 16729.8662 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -1.73403907685111 % in last 3 Years.

  • In terms of advances, the bank reported 12.9367268046671 % YOY,  rise . If you see 3 years advance growth, it stands at 2.84586969417167 %.

  • Currently the company has a CASA ratio of 43.4380293888053 %. It’s overall cost of liability stands at 3.92819278703524 %. Also, the total deposits from these accounts stood at Rs 262158.9248 Cr.

  • The Bank has a Poor ROA track record. The ROA of Indian Overseas Bank is at 0.596295745169446 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 9.82 % and 2.65 % 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 -21.2069578672696 % 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 Indian Overseas Bank decreased and is currently at Rs 4903.0199 Cr.

  • The company has a Good Capital Adequacy Ratio of 13.83 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Indian Overseas Bank is trading at a P/B of 2.3604 . The historical average PB was 1.20665452103743.

Brief about Indian Overseas Bank

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