Axis Bank Ltd
Incorporated in December 1993, Axis Bank Limited is a private sector bank.It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City.[1]
- Market Cap ₹ 3,98,068 Cr.
- Current Price ₹ 1,282
- High / Low ₹ 1,304 / 934
- Stock P/E 16.4
- Book Value ₹ 612
- Dividend Yield 0.08 %
- ROCE 6.95 %
- ROE 16.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 74.5% CAGR over last 5 years
- Company's working capital requirements have reduced from 151 days to 83.4 days
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 8.16%
- Contingent liabilities of Rs.29,52,579 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.26,634 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Banks Private Sector Bank
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30,641 | 35,479 | 40,988 | 44,542 | 45,780 | 54,986 | 62,635 | 63,346 | 67,377 | 85,164 | 109,369 | 122,677 | 124,230 | |
| Interest | 18,690 | 21,254 | 24,155 | 26,449 | 27,163 | 33,278 | 37,429 | 34,107 | 34,245 | 42,218 | 59,474 | 68,329 | 69,510 |
| 9,644 | 11,127 | 13,367 | 23,808 | 28,895 | 27,155 | 35,066 | 31,749 | 29,962 | 29,089 | 37,943 | 43,559 | 49,151 | |
| Financing Profit | 2,307 | 3,097 | 3,466 | -5,715 | -10,277 | -5,447 | -9,859 | -2,510 | 3,170 | 13,857 | 11,952 | 10,789 | 5,570 |
| Financing Margin % | 8% | 9% | 8% | -13% | -22% | -10% | -16% | -4% | 5% | 16% | 11% | 9% | 4% |
| 7,405 | 8,365 | 9,371 | 11,691 | 10,967 | 13,130 | 15,537 | 12,264 | 15,221 | 16,143 | 22,442 | 25,257 | 26,634 | |
| Depreciation | 364 | 406 | 444 | 509 | 568 | 710 | 773 | 948 | 1,008 | 13,094 | 1,334 | 1,699 | 0 |
| Profit before tax | 9,349 | 11,057 | 12,394 | 5,468 | 122 | 6,974 | 4,904 | 8,806 | 17,383 | 16,906 | 33,060 | 34,347 | 32,204 |
| Tax % | 33% | 33% | 34% | 33% | -127% | 33% | 67% | 25% | 25% | 43% | 25% | 23% | |
| 6,218 | 7,358 | 8,224 | 3,679 | 276 | 4,677 | 1,627 | 6,588 | 13,025 | 9,580 | 24,861 | 26,373 | 24,317 | |
| EPS in Rs | 26.47 | 31.04 | 34.51 | 15.36 | 1.07 | 18.19 | 5.77 | 21.50 | 42.43 | 31.13 | 80.55 | 85.15 | 78.47 |
| Dividend Payout % | 15% | 15% | 14% | 33% | 0% | 6% | 0% | 0% | 2% | 3% | 1% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 22% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 75% |
| 3 Years: | 27% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 16% |
| 3 Years: | 11% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 470 | 474 | 477 | 479 | 513 | 514 | 564 | 613 | 614 | 615 | 617 | 619 | 621 |
| Reserves | 37,751 | 44,202 | 52,688 | 55,284 | 62,932 | 66,162 | 84,384 | 100,990 | 114,560 | 124,801 | 150,444 | 179,106 | 189,327 |
| Deposits | 280,945 | 322,442 | 357,968 | 414,379 | 453,623 | 548,471 | 640,105 | 697,985 | 821,972 | 946,945 | 1,068,641 | 1,172,952 | 1,203,487 |
| Borrowing | 50,291 | 79,758 | 108,580 | 105,031 | 148,016 | 152,776 | 147,954 | 142,873 | 185,134 | 186,300 | 196,812 | 184,147 | 199,506 |
| 13,789 | 15,056 | 20,108 | 26,295 | 26,245 | 33,073 | 42,158 | 44,336 | 53,149 | 58,664 | 60,694 | 73,106 | 83,674 | |
| Total Liabilities | 383,245 | 461,932 | 539,821 | 601,468 | 691,330 | 800,997 | 915,165 | 986,798 | 1,175,429 | 1,317,326 | 1,477,209 | 1,609,930 | 1,676,614 |
| 2,311 | 2,413 | 3,316 | 3,466 | 3,626 | 3,764 | 3,839 | 4,135 | 4,363 | 4,597 | 5,442 | 6,190 | 6,413 | |
| CWIP | 100 | 101 | 207 | 281 | 346 | 273 | 474 | 110 | 209 | 136 | 242 | 101 | 0 |
| Investments | 113,548 | 117,550 | 131,524 | 128,793 | 153,876 | 174,969 | 156,734 | 226,120 | 275,597 | 288,815 | 331,527 | 396,142 | 391,851 |
| 267,286 | 341,868 | 404,774 | 468,927 | 533,482 | 621,991 | 754,118 | 756,433 | 895,259 | 1,023,777 | 1,139,997 | 1,207,496 | 1,278,350 | |
| Total Assets | 383,245 | 461,932 | 539,821 | 601,468 | 691,330 | 800,997 | 915,165 | 986,798 | 1,175,429 | 1,317,326 | 1,477,209 | 1,609,930 | 1,676,614 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16,703 | -16,708 | -19,183 | 34,192 | -46,949 | 37,567 | 29,613 | 13,583 | 33,951 | 26,902 | 6,461 | 49,412 | |
| -14,389 | -4,278 | -5,473 | -12,633 | -10,253 | -18,749 | -9,668 | -54,180 | -27,232 | -32,718 | -9,178 | -51,846 | |
| 5,490 | 28,846 | 21,883 | -4,629 | 50,401 | 4,931 | 10,118 | 5,059 | 42,538 | 1,239 | 10,761 | -12,288 | |
| Net Cash Flow | 7,804 | 7,860 | -2,774 | 16,931 | -6,801 | 23,750 | 30,064 | -35,538 | 49,257 | -4,576 | 8,044 | -14,722 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 17% | 18% | 17% | 7% | 0% | 7% | 2% | 7% | 12% | 8% | 18% | 16% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 2 Dec
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Dec - Analysts/institutional investor meetings (Macquarie Financials Tour) in Mumbai on Dec 1, 2025; presentation uploaded.
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Announcement under Regulation 30 (LODR)-Change in Management
26 Nov - Anand Viswanathan appointed Chief Risk Officer Jan 1, 2026–Dec 31, 2028; Amit Talgeri ceases Dec 31, 2025.
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Announcement under Regulation 30 (LODR)-Allotment
26 Nov - Allotment of 5,00,000 NCDs totalling Rs5,000 Cr; 10-year maturity Nov 26, 2035; 7.27% coupon.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 25 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Market Leadership
- 3rd largest private sector bank in India [1]
- 4th largest issuer of credit cards [2]
- 19.8% market share in FY24 [3]