Axis Bank Ltd

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

Ratios
Capital Adequacy Ratio - 19.31%
Net Interest Margin - 3.59%[1]
Gross NPA - 3.44%
Net NPA - 0.74%[2]
CASA Ratio - 42%[3]

See full details
  • Market Cap 245,972 Cr.
  • Current Price 802
  • High / Low 821 / 476
  • Stock P/E 29.1
  • Book Value 338
  • Dividend Yield 0.00 %
  • ROCE 4.84 %
  • ROE 7.58 %
  • Face Value 2.00

Pros

Cons

  • 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 9.33% over past five years.
  • Promoter holding is low: 11.64%
  • Company has a low return on equity of 5.92% for last 3 years.
  • Contingent liabilities of Rs.1104000.18 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.17472.80 Cr.
  • Promoter holding has decreased over last 3 years: -14.27%

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Revenue 13,536 14,412 15,094 15,535 15,713 15,965 16,503 16,706 16,300 15,757 15,790 16,302
Interest 8,202 8,684 9,257 9,564 9,481 9,393 9,557 9,590 8,863 8,252 8,077 8,367
7,014 7,328 7,129 7,819 7,842 8,134 12,986 8,320 9,033 9,875 8,944 8,734
Financing Profit -1,681 -1,600 -1,292 -1,848 -1,611 -1,562 -6,041 -1,204 -1,597 -2,370 -1,231 -800
Financing Margin % -12% -11% -9% -12% -10% -10% -37% -7% -10% -15% -8% -5%
Other Income 2,987 4,221 3,856 3,874 4,174 4,011 4,283 2,663 4,147 4,154 5,188 3,984
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,306 2,621 2,564 2,026 2,563 2,449 -1,758 1,458 2,550 1,784 3,957 3,184
Tax % 33% 33% 35% 38% 101% 23% 29% 24% 27% 25% 25% 25%
Net Profit 878 1,768 1,671 1,261 -22 1,876 -1,262 1,100 1,837 1,318 2,941 2,357
EPS in Rs 3.42 6.88 6.50 4.82 -0.08 6.65 -4.47 3.90 6.00 4.30 9.60 7.69
Gross NPA %
Net NPA %

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
Revenue 11,639 15,155 21,995 27,202 30,736 35,727 41,409 45,175 46,614 56,044 63,716 64,696 64,148
Interest 6,633 8,589 13,969 17,513 18,703 21,341 24,344 26,789 27,604 33,883 37,996 34,926 33,560
4,909 5,840 6,895 8,538 9,944 11,521 13,869 24,327 29,717 28,020 35,976 35,192 36,586
Financing Profit 97 727 1,131 1,151 2,089 2,865 3,196 -5,941 -10,706 -5,860 -10,256 -5,422 -5,997
Financing Margin % 1% 5% 5% 4% 7% 8% 8% -13% -23% -10% -16% -8% -9%
Other Income 3,960 4,664 5,487 6,833 7,766 8,838 9,955 12,422 11,863 14,189 16,342 16,152 17,473
Depreciation 238 294 348 359 375 420 461 527 591 737 806 979 0
Profit before tax 3,819 5,097 6,270 7,625 9,479 11,283 12,690 5,954 566 7,592 5,280 9,750 11,475
Tax % 35% 34% 33% 31% 33% 34% 34% 33% 18% 34% 64% 26%
Net Profit 2,478 3,340 4,220 5,235 6,310 7,448 8,350 3,953 456 5,039 1,853 7,196 8,453
EPS in Rs 12.23 16.27 20.42 22.37 26.86 31.42 35.04 16.51 1.78 19.59 6.57 23.49 27.59
Dividend Payout % 20% 17% 16% 16% 15% 15% 14% 30% 0% 5% 0% 0%
Compounded Sales Growth
10 Years:16%
5 Years:9%
3 Years:12%
TTM:-1%
Compounded Profit Growth
10 Years:8%
5 Years:-3%
3 Years:159%
TTM:400%
Stock Price CAGR
10 Years:14%
5 Years:9%
3 Years:12%
1 Year:70%
Return on Equity
10 Years:9%
5 Years:5%
3 Years:6%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
405 411 413 468 470 474 477 479 513 514 564 613
Reserves 15,584 18,484 22,269 32,690 37,926 44,475 53,082 55,901 63,694 67,288 85,776 102,981
Borrowings 158,448 215,434 254,059 296,254 333,280 406,638 472,150 527,437 611,425 711,996 797,337 859,872
6,150 8,238 8,675 11,145 14,674 15,656 20,678 27,644 28,071 34,248 44,194 46,859
Total Liabilities 180,587 242,567 285,417 340,558 386,350 467,243 546,387 611,462 703,703 814,046 927,872 1,010,325
1,179 2,270 2,204 2,245 2,346 2,447 3,358 3,518 3,697 3,842 3,912 4,211
CWIP 57 23 80 142 102 105 216 292 352 288 483 118
Investments 55,877 71,788 92,921 113,378 113,093 118,527 131,399 129,018 153,037 174,056 155,282 225,336
123,474 168,486 190,211 224,792 270,810 346,164 411,414 478,633 546,618 635,860 768,196 780,660
Total Assets 180,587 242,567 285,417 340,558 386,350 467,243 546,387 611,462 703,703 814,046 927,872 1,010,325

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
150 11,328 -9,904 2,573 14,464 -15,162 -34,495 32,209 -38,390 37,125 30,416 12,633
-5,096 -13,894 -4,840 -10,939 -14,166 -7,972 9,211 -12,458 -10,007 -18,674 -9,485 -54,288
5,132 8,770 7,270 14,931 7,785 31,045 22,495 -2,487 41,342 5,643 8,865 7,279
Net Cash Flow 186 6,203 -7,474 6,566 8,082 7,910 -2,789 17,263 -7,055 24,094 29,795 -34,375

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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% 18% 18% 17% 7% 1% 8% 2% 8%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
23.71 18.70 18.10 16.60 16.08 16.00 15.99 14.78 13.93 13.58 11.69 11.64
47.19 49.62 48.24 48.16 48.35 45.49 45.96 49.24 51.02 51.43 52.49 51.38
19.53 21.24 18.06 22.72 23.10 24.94 24.41 23.92 23.53 23.27 24.27 25.32
9.57 10.44 15.60 12.52 12.46 13.56 13.64 12.06 11.52 11.72 11.55 11.66

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