Axis Bank Ltd
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. [1]
- Market Cap ₹ 268,730 Cr.
- Current Price ₹ 874
- High / Low ₹ 970 / 618
- Stock P/E 13.8
- Book Value ₹ 375
- Dividend Yield 0.11 %
- ROCE 5.00 %
- ROE 12.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 28.8% CAGR over last 5 years
- Company's working capital requirements have reduced from 153 days to 85.7 days
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.50%
- The company has delivered a poor sales growth of 8.63% over past five years.
- Promoter holding is low: 8.19%
- Company has a low return on equity of 7.66% over last 3 years.
- Contingent liabilities of Rs.1,359,052 Cr.
- Company might be capitalizing the interest cost
* 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
Sector: Banks Industry: Banks - Private Sector
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
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Revenue | 15,155 | 21,995 | 27,183 | 30,641 | 35,479 | 40,988 | 44,542 | 45,780 | 54,986 | 62,635 | 63,346 | 67,377 | 78,970 |
Interest | 8,592 | 13,977 | 17,516 | 18,690 | 21,254 | 24,155 | 26,449 | 27,163 | 33,278 | 37,429 | 34,107 | 34,245 | 38,948 |
5,770 | 6,808 | 8,313 | 9,644 | 11,127 | 13,367 | 23,808 | 28,895 | 27,155 | 35,066 | 31,749 | 29,962 | 29,839 | |
Financing Profit | 793 | 1,210 | 1,353 | 2,307 | 3,097 | 3,466 | -5,715 | -10,277 | -5,447 | -9,859 | -2,510 | 3,170 | 10,184 |
Financing Margin % | 5% | 6% | 5% | 8% | 9% | 8% | -13% | -22% | -10% | -16% | -4% | 5% | 13% |
4,632 | 5,420 | 6,551 | 7,405 | 8,365 | 9,371 | 11,691 | 10,967 | 13,130 | 15,537 | 12,264 | 15,221 | 15,829 | |
Depreciation | 290 | 342 | 352 | 364 | 406 | 444 | 509 | 568 | 710 | 773 | 948 | 1,008 | 0 |
Profit before tax | 5,136 | 6,288 | 7,553 | 9,349 | 11,057 | 12,394 | 5,468 | 122 | 6,974 | 4,904 | 8,806 | 17,383 | 26,013 |
Tax % | 34% | 33% | 31% | 33% | 33% | 34% | 33% | -127% | 33% | 67% | 25% | 25% | |
Net Profit | 3,388 | 4,242 | 5,179 | 6,218 | 7,358 | 8,224 | 3,679 | 276 | 4,677 | 1,627 | 6,588 | 13,025 | 19,426 |
EPS in Rs | 16.51 | 20.53 | 22.14 | 26.47 | 31.04 | 34.51 | 15.36 | 1.07 | 18.19 | 5.77 | 21.50 | 42.43 | 63.22 |
Dividend Payout % | 17% | 16% | 16% | 15% | 15% | 14% | 33% | 0% | 6% | 0% | 0% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 9% |
3 Years: | 7% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 29% |
3 Years: | 41% |
TTM: | 68% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 6% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 8% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
411 | 413 | 468 | 470 | 474 | 477 | 479 | 513 | 514 | 564 | 613 | 614 | |
Reserves | 18,588 | 22,395 | 32,640 | 37,751 | 44,202 | 52,688 | 55,284 | 62,932 | 66,162 | 84,384 | 100,990 | 114,412 |
215,506 | 254,176 | 296,565 | 331,236 | 402,200 | 466,548 | 519,410 | 601,639 | 701,247 | 788,059 | 840,858 | 1,006,855 | |
8,209 | 8,643 | 10,888 | 13,789 | 15,056 | 20,108 | 26,295 | 26,245 | 33,073 | 42,158 | 44,336 | 53,298 | |
Total Liabilities | 242,713 | 285,628 | 340,561 | 383,245 | 461,932 | 539,821 | 601,468 | 691,330 | 800,997 | 915,165 | 986,798 | 1,175,178 |
2,250 | 2,189 | 2,231 | 2,311 | 2,413 | 3,316 | 3,466 | 3,626 | 3,764 | 3,839 | 4,135 | 4,363 | |
CWIP | 23 | 71 | 125 | 100 | 101 | 207 | 281 | 346 | 273 | 474 | 110 | 209 |
Investments | 71,992 | 93,192 | 113,738 | 113,548 | 117,550 | 131,524 | 128,793 | 153,876 | 174,969 | 156,734 | 226,120 | 275,597 |
168,449 | 190,176 | 224,467 | 267,286 | 341,868 | 404,774 | 468,927 | 533,482 | 621,991 | 754,118 | 756,433 | 895,009 | |
Total Assets | 242,713 | 285,628 | 340,561 | 383,245 | 461,932 | 539,821 | 601,468 | 691,330 | 800,997 | 915,165 | 986,798 | 1,175,178 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11,425 | -9,827 | 2,719 | 16,703 | -16,708 | -19,183 | 34,192 | -46,949 | 37,567 | 29,613 | 13,583 | 33,951 | |
-13,990 | -4,918 | -10,993 | -14,389 | -4,278 | -5,473 | -12,633 | -10,253 | -18,749 | -9,668 | -54,180 | -27,232 | |
8,770 | 7,270 | 14,775 | 5,490 | 28,846 | 21,883 | -4,629 | 50,401 | 4,931 | 10,118 | 5,059 | 42,538 | |
Net Cash Flow | 6,205 | -7,475 | 6,501 | 7,804 | 7,860 | -2,774 | 16,931 | -6,801 | 23,750 | 30,064 | -35,538 | 49,257 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 19% | 20% | 19% | 17% | 18% | 17% | 7% | 0% | 7% | 2% | 7% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the transcript of earnings call with analysts and investors held on January 23, 2023 on …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jan - Publication of Notice in Newspaper containing Un-audited Financial Results of the Axis Bank Limited
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DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015.
24 Jan - APPOINTMENT OF CH S. S. MALLIKARJUNARAO AS AN ADDITIONAL INDEPENDENT DIRECTOR OF AXIS BANK LIMITED ('BANK').
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
23 Jan - REVISED PRESS RELEASE AND INVESTOR PRESENTATION ON FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022.
- Audio Recording Of Earnings Call Of Axis Bank Limited ('Bank') - Q3FY23 23 Jan
Annual reports
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Market Leadership
The Bank is the 3rd largest private sector bank in India. [1] It is the 4th largest issuer of credit cards and the 2nd largest merchant-acquiring bank in India with an installed capacity of 10 lakh+ terminals, acquiring an incremental market share of 30% in FY22. [2]