Axis Bank Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 226,618 Cr.
  • Current Price 739
  • High / Low 800 / 400
  • Stock P/E 34.4
  • Book Value 277
  • Dividend Yield 0.00 %
  • ROCE 4.95 %
  • ROE 7.76 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 2.67 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.20% over past five years.
  • Promoter holding is low: 13.58%
  • Company has a low return on equity of 5.72% for last 3 years.
  • Contingent liabilities of Rs.970811.51 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.14838.20 Cr.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Revenue 12,777 13,281 14,130 15,438 15,255 15,438 15,708 16,234 16,539 16,063 15,498 15,545
Interest 7,610 8,049 8,526 9,336 9,411 9,336 9,255 9,426 9,554 8,737 8,126 7,990
7,057 6,744 7,134 7,564 7,634 7,564 7,968 12,672 8,144 8,816 9,658 8,654
Financing Profit -1,891 -1,512 -1,531 -1,463 -1,791 -1,463 -1,515 -5,864 -1,159 -1,490 -2,285 -1,099
Financing Margin % -15% -11% -11% -9% -12% -9% -10% -36% -7% -9% -15% -7%
Other Income 2,925 2,678 4,001 3,896 3,869 3,896 3,787 3,985 2,587 3,807 3,776 4,668
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,034 1,167 2,470 2,433 2,078 2,433 2,272 -1,879 1,428 2,317 1,491 3,570
Tax % 32% 32% 32% 105% 34% 105% 23% 26% 22% 27% 25% 25%
Net Profit 701 790 1,681 -112 1,370 -112 1,757 -1,388 1,112 1,683 1,117 2,677
EPS in Rs 2.73 3.07 6.54 -0.44 5.23 -0.40 6.23 -4.92 3.94 5.50 3.65 8.74
Gross NPA % 6.52% 5.96% 5.75% 5.03% 5.25% 5.03% 5.00% 4.86% 4.72% 4.18% 3.44% 3.70%
Net NPA % 3.09% 2.54% 2.36% 1.99% 2.04% 1.99% 2.09% 1.56% 1.23% 0.98% 0.74% 1.05%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Revenue 11,638 15,155 21,995 27,183 30,641 35,479 40,988 44,542 45,780 54,986 62,635 63,645
Interest 6,634 8,592 13,977 17,516 18,690 21,254 24,155 26,449 27,163 33,278 37,429 34,406
4,861 5,763 6,808 8,308 9,630 11,123 13,367 23,805 28,879 27,132 35,061 35,271
Financing Profit 144 800 1,210 1,358 2,322 3,101 3,466 -5,711 -10,261 -5,424 -9,855 -6,032
Financing Margin % 1% 5% 6% 5% 8% 9% 8% -13% -22% -10% -16% -9%
Other Income 3,942 4,625 5,420 6,547 7,391 8,361 9,371 11,688 10,951 13,107 15,532 14,838
Depreciation 234 290 342 352 364 406 444 509 568 710 773 0
Profit before tax 3,851 5,136 6,288 7,553 9,349 11,057 12,394 5,468 122 6,974 4,904 8,806
Tax % 35% 34% 33% 31% 33% 33% 34% 33% -127% 33% 67% 25%
Net Profit 2,515 3,388 4,242 5,179 6,218 7,358 8,224 3,679 276 4,677 1,627 6,588
EPS in Rs 12.41 16.51 20.53 22.14 26.47 31.04 34.51 15.36 1.07 18.19 5.77 21.50
Dividend Payout % 19% 17% 16% 16% 15% 15% 14% 33% 0% 6% 0% 0%
Compounded Sales Growth
10 Years:15%
5 Years:9%
3 Years:12%
TTM:2%
Compounded Profit Growth
10 Years:7%
5 Years:-4%
3 Years:362%
TTM:305%
Stock Price CAGR
10 Years:11%
5 Years:8%
3 Years:12%
1 Year:67%
Return on Equity
10 Years:9%
5 Years:5%
3 Years:6%
Last Year:8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
405 411 413 468 470 474 477 479 513 514 564
Reserves 15,639 18,588 22,395 32,640 37,751 44,202 52,688 55,284 62,932 66,162 84,384
Borrowings 158,470 215,506 254,176 296,565 331,236 402,200 466,548 519,410 601,639 701,247 788,059
6,134 8,209 8,643 10,888 13,789 15,056 20,108 26,295 26,245 33,073 42,158
Total Liabilities 180,648 242,713 285,628 340,561 383,245 461,932 539,821 601,468 691,330 800,997 915,165
1,165 2,250 2,189 2,231 2,311 2,413 3,316 3,466 3,626 3,764 3,839
CWIP 57 23 71 125 100 101 207 281 346 273 474
Investments 55,975 71,992 93,192 113,738 113,548 117,550 131,524 128,793 153,876 174,969 156,734
123,451 168,449 190,176 224,467 267,286 341,868 404,774 468,927 533,482 621,991 754,118
Total Assets 180,648 242,713 285,628 340,561 383,245 461,932 539,821 601,468 691,330 800,997 915,165

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
198 11,425 -9,827 2,719 16,703 -16,708 -19,183 34,192 -46,949 37,567 29,613 13,583
-5,143 -13,990 -4,918 -10,993 -14,389 -4,278 -5,473 -12,633 -10,253 -18,749 -9,668 -54,107
5,132 8,770 7,270 14,775 5,490 28,846 21,883 -4,629 50,401 4,931 10,118 5,059
Net Cash Flow 187 6,205 -7,475 6,501 7,804 7,860 -2,774 16,931 -6,801 23,750 30,064 -35,466

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 19% 19% 20% 19% 17% 18% 17% 7% 0% 7% 2%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
26.23 25.91 23.71 18.70 18.10 16.60 16.08 16.00 15.99 14.78 13.93 13.58
50.26 49.95 47.19 49.62 48.24 48.16 48.35 45.49 45.96 49.24 51.02 51.43
14.69 15.31 19.53 21.24 18.06 22.72 23.10 24.94 24.41 23.92 23.53 23.27
8.83 8.83 9.57 10.44 15.60 12.52 12.46 13.56 13.64 12.06 11.52 11.72

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