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 ₹ 3,61,817 Cr.
- Current Price ₹ 1,170
- High / Low ₹ 1,340 / 980
- Stock P/E 13.0
- Book Value ₹ 509
- Dividend Yield 0.09 %
- ROCE 7.06 %
- ROE 18.4 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 39.2% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 8.29%
- Company has a low return on equity of 13.6% over last 3 years.
- Contingent liabilities of Rs.19,85,668 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.28,117 Cr.
- Promoter holding has decreased over last 3 years: -3.35%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 27,202 | 30,736 | 35,727 | 41,409 | 45,175 | 46,614 | 56,044 | 63,716 | 64,397 | 68,846 | 87,448 | 112,759 | 121,855 |
Interest | 17,513 | 18,703 | 21,341 | 24,344 | 26,789 | 27,604 | 33,883 | 37,996 | 34,627 | 34,923 | 43,389 | 61,391 | 67,546 |
8,538 | 9,944 | 11,521 | 13,869 | 24,327 | 29,717 | 28,020 | 35,976 | 32,621 | 31,216 | 30,641 | 40,032 | 45,934 | |
Financing Profit | 1,151 | 2,089 | 2,865 | 3,196 | -5,941 | -10,706 | -5,860 | -10,256 | -2,851 | 2,707 | 13,418 | 11,336 | 8,376 |
Financing Margin % | 4% | 7% | 8% | 8% | -13% | -23% | -10% | -16% | -4% | 4% | 15% | 10% | 7% |
6,833 | 7,766 | 8,838 | 9,955 | 12,422 | 11,863 | 14,189 | 16,342 | 13,577 | 17,268 | 18,349 | 25,230 | 28,117 | |
Depreciation | 359 | 375 | 420 | 461 | 527 | 591 | 737 | 806 | 976 | 1,046 | 13,146 | 1,388 | 0 |
Profit before tax | 7,625 | 9,479 | 11,283 | 12,690 | 5,954 | 566 | 7,592 | 5,280 | 9,750 | 18,929 | 18,621 | 35,178 | 36,493 |
Tax % | 31% | 33% | 34% | 34% | 33% | 18% | 34% | 64% | 26% | 25% | 42% | 25% | |
5,235 | 6,311 | 7,450 | 8,358 | 3,967 | 464 | 5,047 | 1,879 | 7,252 | 14,207 | 10,919 | 26,492 | 28,052 | |
EPS in Rs | 22.37 | 26.86 | 31.42 | 35.04 | 16.51 | 1.78 | 19.59 | 6.57 | 23.49 | 45.99 | 35.16 | 85.49 | 90.43 |
Dividend Payout % | 16% | 15% | 15% | 14% | 30% | 0% | 5% | 0% | 0% | 2% | 3% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 15% |
3 Years: | 21% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 39% |
3 Years: | 54% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 16% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 14% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 617 |
Reserves | 32,690 | 37,926 | 44,475 | 53,082 | 55,901 | 63,694 | 67,288 | 85,776 | 102,981 | 117,647 | 129,166 | 156,406 |
296,254 | 333,280 | 406,638 | 472,150 | 527,437 | 611,425 | 711,996 | 797,337 | 850,551 | 1,020,943 | 1,152,038 | 1,295,302 | |
11,145 | 14,674 | 15,656 | 20,678 | 27,644 | 28,071 | 34,248 | 44,194 | 46,859 | 56,576 | 62,598 | 65,913 | |
Total Liabilities | 340,558 | 386,350 | 467,243 | 546,387 | 611,462 | 703,703 | 814,046 | 927,872 | 1,001,005 | 1,195,779 | 1,344,418 | 1,518,239 |
2,245 | 2,346 | 2,447 | 3,358 | 3,518 | 3,697 | 3,842 | 3,912 | 4,501 | 4,753 | 5,000 | 5,860 | |
CWIP | 142 | 102 | 105 | 216 | 292 | 352 | 288 | 483 | 118 | 215 | 142 | 267 |
Investments | 113,378 | 113,093 | 118,527 | 131,399 | 129,018 | 153,037 | 174,056 | 155,282 | 225,336 | 274,608 | 288,095 | 332,354 |
224,792 | 270,810 | 346,164 | 411,414 | 478,633 | 546,618 | 635,860 | 768,196 | 771,050 | 916,203 | 1,051,181 | 1,179,758 | |
Total Assets | 340,558 | 386,350 | 467,243 | 546,387 | 611,462 | 703,703 | 814,046 | 927,872 | 1,001,005 | 1,195,779 | 1,344,418 | 1,518,239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,573 | 14,464 | -15,162 | -34,495 | 32,209 | -38,390 | 37,125 | 30,416 | 12,633 | 28,137 | 22,075 | -5,555 | |
-10,939 | -14,166 | -7,972 | 9,211 | -12,458 | -10,007 | -18,674 | -9,485 | -54,288 | -27,112 | -32,351 | -9,001 | |
14,931 | 7,785 | 31,045 | 22,495 | -2,487 | 41,342 | 5,643 | 8,865 | 7,279 | 47,894 | 6,641 | 22,341 | |
Net Cash Flow | 6,566 | 8,082 | 7,910 | -2,789 | 17,263 | -7,055 | 24,094 | 29,795 | -34,375 | 48,919 | -3,636 | 7,785 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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% | 18% | 18% | 17% | 7% | 1% | 8% | 2% | 8% | 13% | 9% | 18% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
30 Oct - Allotment of 2,16,028 equity shares pursuant to ESOP/ ESU scheme.
-
Further Disclosure In Relation To Purchase Of Shares Of Max Life Insurance Company Limited
26 Oct - Disclosure regarding SEBI Show Cause Notice received.
-
RBI Approval: Re-Appointment Of Amitabh Chaudhry As The Managing Director & CEO Of The Bank
24 Oct - Re-appointment of Amitabh Chaudhry as MD & CEO.
-
Announcement under Regulation 30 (LODR)-Change in Management
24 Oct - Resignation of Ganesh Sankaran from Axis Bank.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 23 Oct
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Oct 2024Transcript PPT
-
Jul 2024TranscriptPPT
-
Jul 2024Transcript PPT
-
Apr 2024TranscriptPPT
-
Apr 2024Transcript PPT
-
Apr 2024TranscriptNotesPPT
-
Jan 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Jul 2023Transcript PPT
-
Apr 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022TranscriptPPT
-
Jun 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
Apr 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Dec 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021Transcript PPT
-
May 2021TranscriptNotesPPT
-
Jan 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Jul 2020TranscriptPPT
-
Mar 2019TranscriptPPT
-
Jul 2018TranscriptNotesPPT
-
Jan 2018TranscriptNotesPPT
-
Oct 2017Transcript PPT
-
May 2017TranscriptPPT
-
Jan 2017TranscriptNotesPPT
-
Oct 2016TranscriptNotesPPT
-
Jul 2016TranscriptNotesPPT
-
Apr 2016Transcript PPT
-
Jan 2016TranscriptNotesPPT
-
Dec 2015TranscriptNotesPPT
Market Leadership
<h1>3rd largest private sector bank in India.[1]</h1> <h1>4th largest issuer of credit cards[2]</h1> <h1>19.8% market share in FY24.[3]</h1>