Axis Bank Ltd

Axis Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Axis Bank Ltd

₹ 1,130 0.29%
26 Apr - close price
axisbank.com BSE: 532215 NSE : AXISBANK
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 3,48,952 Cr.
  • Current Price ₹ 1,130
  • High / Low ₹ 1,152 / 854
  • Stock P/E 14.0
  • Book Value ₹ 408
  • Dividend Yield 0.09 %
  • ROCE 7.35 %
  • ROE 19.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 39.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 46.5 days to 23.6 days

Cons

  • Stock is trading at 2.77 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.22%
  • Company has a low return on equity of 13.4% over last 3 years.
  • Contingent liabilities of Rs.15,09,425 Cr.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -5.36%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 15,494 16,003 16,336 17,261 17,776 18,729 20,239 22,226 23,970 25,557 26,626 27,961 29,225
Interest 7,939 8,243 8,436 8,609 8,957 9,345 9,879 10,767 12,228 13,598 14,312 15,429 16,136
7,526 8,235 7,506 7,666 7,564 6,785 7,049 8,191 7,668 9,267 9,531 9,974 10,504
Financing Profit 29 -474 395 986 1,255 2,599 3,311 3,268 4,074 2,692 2,783 2,558 2,585
Financing Margin % 0% -3% 2% 6% 7% 14% 16% 15% 17% 11% 10% 9% 9%
3,541 3,358 3,798 3,840 4,223 2,928 3,855 4,572 -7,702 5,087 5,034 5,555 6,766
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3,570 2,884 4,193 4,827 5,479 5,528 7,166 7,840 -3,628 7,779 7,817 8,113 9,350
Tax % 25% 25% 25% 25% 25% 25% 26% 25% -58% 25% 25% 25% 24%
2,677 2,160 3,133 3,614 4,118 4,125 5,330 5,853 -5,728 5,797 5,864 6,071 7,130
EPS in Rs 8.74 7.05 10.22 11.78 13.41 13.43 17.35 19.03 -18.62 18.82 19.03 19.69 23.10
Gross NPA % 3.70% 3.85% 3.53% 3.17% 2.82% 2.76% 2.50% 2.38% 2.02% 1.96% 1.73% 1.58% 1.43%
Net NPA % 1.05% 1.20% 1.08% 0.91% 0.73% 0.64% 0.51% 0.47% 0.39% 0.41% 0.36% 0.36% 0.31%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 27,183 30,641 35,479 40,988 44,542 45,780 54,986 62,635 63,346 67,377 85,164 109,369
Interest 17,516 18,690 21,254 24,155 26,449 27,163 33,278 37,429 34,107 34,245 42,218 59,474
8,313 9,644 11,127 13,367 23,808 28,895 27,155 35,066 31,749 29,962 29,446 39,276
Financing Profit 1,353 2,307 3,097 3,466 -5,715 -10,277 -5,447 -9,859 -2,510 3,170 13,499 10,618
Financing Margin % 5% 8% 9% 8% -13% -22% -10% -16% -4% 5% 16% 10%
6,551 7,405 8,365 9,371 11,691 10,967 13,130 15,537 12,264 15,221 16,501 22,442
Depreciation 352 364 406 444 509 568 710 773 948 1,008 13,094 0
Profit before tax 7,553 9,349 11,057 12,394 5,468 122 6,974 4,904 8,806 17,383 16,906 33,060
Tax % 31% 33% 33% 34% 33% -127% 33% 67% 25% 25% 43% 25%
5,179 6,218 7,358 8,224 3,679 276 4,677 1,627 6,588 13,025 9,580 24,861
EPS in Rs 22.14 26.47 31.04 34.51 15.36 1.07 18.19 5.77 21.50 42.43 31.13 80.55
Dividend Payout % 16% 15% 15% 14% 33% 0% 6% 0% 0% 2% 3% 1%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 20%
TTM: 28%
Compounded Profit Growth
10 Years: 15%
5 Years: 40%
3 Years: 56%
TTM: 159%
Stock Price CAGR
10 Years: 14%
5 Years: 8%
3 Years: 17%
1 Year: 31%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 13%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 468 470 474 477 479 513 514 564 613 614 615
Reserves 32,640 37,751 44,202 52,688 55,284 62,932 66,162 84,384 100,990 114,560 124,801
296,565 331,236 402,200 466,548 519,410 601,639 701,247 788,059 840,858 1,007,105 1,133,245
10,888 13,789 15,056 20,108 26,295 26,245 33,073 42,158 44,336 53,149 58,664
Total Liabilities 340,561 383,245 461,932 539,821 601,468 691,330 800,997 915,165 986,798 1,175,429 1,317,326
2,231 2,311 2,413 3,316 3,466 3,626 3,764 3,839 4,135 4,363 4,597
CWIP 125 100 101 207 281 346 273 474 110 209 136
Investments 113,738 113,548 117,550 131,524 128,793 153,876 174,969 156,734 226,120 275,597 288,815
224,467 267,286 341,868 404,774 468,927 533,482 621,991 754,118 756,433 895,259 1,023,777
Total Assets 340,561 383,245 461,932 539,821 601,468 691,330 800,997 915,165 986,798 1,175,429 1,317,326

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,719 16,703 -16,708 -19,183 34,192 -46,949 37,567 29,613 13,583 33,951 26,902 6,461
-10,993 -14,389 -4,278 -5,473 -12,633 -10,253 -18,749 -9,668 -54,180 -27,232 -32,718 -9,258
14,775 5,490 28,846 21,883 -4,629 50,401 4,931 10,118 5,059 42,538 1,239 10,761
Net Cash Flow 6,501 7,804 7,860 -2,774 16,931 -6,801 23,750 30,064 -35,538 49,257 -4,576 7,964

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 19% 17% 18% 17% 7% 0% 7% 2% 7% 12% 8%

Shareholding Pattern

Numbers in percentages

30 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
11.69% 11.64% 9.71% 9.70% 9.70% 9.69% 8.19% 8.16% 8.19% 8.22% 8.20% 8.22%
52.49% 51.38% 47.44% 46.93% 46.58% 46.12% 49.45% 49.05% 52.00% 53.00% 54.68% 53.84%
24.27% 25.32% 30.21% 30.50% 31.47% 32.26% 31.51% 32.01% 29.91% 29.03% 28.83% 30.12%
11.55% 11.66% 12.64% 12.87% 12.25% 11.95% 10.83% 10.79% 9.91% 9.76% 8.27% 7.81%
No. of Shareholders 6,23,6186,17,8368,52,5148,13,5309,16,5638,50,8068,09,8058,46,2618,01,2097,85,6017,85,5027,86,166

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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