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 ₹ 3,28,227 Cr.
- Current Price ₹ 1,063
- High / Low ₹ 1,152 / 854
- Stock P/E 12.4
- Book Value ₹ 422
- Dividend Yield 0.09 %
- ROCE 7.53 %
- ROE 20.3 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 39.2% CAGR over last 5 years
- Company's working capital requirements have reduced from 39.5 days to 17.7 days
Cons
- Stock is trading at 2.52 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 8.22%
- Contingent liabilities of Rs.15,11,843 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.25,230 Cr.
- 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
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 | |
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Revenue | 27,202 | 30,736 | 35,727 | 41,409 | 45,175 | 46,614 | 56,044 | 63,716 | 64,696 | 68,846 | 87,448 | 112,759 |
Interest | 17,513 | 18,703 | 21,341 | 24,344 | 26,789 | 27,604 | 33,883 | 37,996 | 34,926 | 34,923 | 43,389 | 61,391 |
8,538 | 9,944 | 11,521 | 13,869 | 24,327 | 29,717 | 28,020 | 35,976 | 35,192 | 31,213 | 30,999 | 41,421 | |
Financing Profit | 1,151 | 2,089 | 2,865 | 3,196 | -5,941 | -10,706 | -5,860 | -10,256 | -5,422 | 2,710 | 13,060 | 9,948 |
Financing Margin % | 4% | 7% | 8% | 8% | -13% | -23% | -10% | -16% | -8% | 4% | 15% | 9% |
6,833 | 7,766 | 8,838 | 9,955 | 12,422 | 11,863 | 14,189 | 16,342 | 16,152 | 17,268 | 18,706 | 25,230 | |
Depreciation | 359 | 375 | 420 | 461 | 527 | 591 | 737 | 806 | 979 | 1,049 | 13,146 | 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 |
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 | |
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 |
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: | 20% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 39% |
3 Years: | 54% |
TTM: | 144% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 7% |
3 Years: | 15% |
1 Year: | 20% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 14% |
Last Year: | 20% |
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 | |
Reserves | 32,690 | 37,926 | 44,475 | 53,082 | 55,901 | 63,694 | 67,288 | 85,776 | 102,981 | 117,647 | 129,166 | |
296,254 | 333,280 | 406,638 | 472,150 | 527,437 | 611,425 | 711,996 | 797,337 | 859,872 | 1,020,943 | 1,152,038 | ||
11,145 | 14,674 | 15,656 | 20,678 | 27,644 | 28,071 | 34,248 | 44,194 | 46,859 | 56,576 | 62,598 | ||
Total Liabilities | 340,558 | 386,350 | 467,243 | 546,387 | 611,462 | 703,703 | 814,046 | 927,872 | 1,010,325 | 1,195,779 | 1,344,418 | |
2,245 | 2,346 | 2,447 | 3,358 | 3,518 | 3,697 | 3,842 | 3,912 | 4,211 | 4,753 | 5,000 | ||
CWIP | 142 | 102 | 105 | 216 | 292 | 352 | 288 | 483 | 118 | 215 | 142 | |
Investments | 113,378 | 113,093 | 118,527 | 131,399 | 129,018 | 153,037 | 174,056 | 155,282 | 225,336 | 274,608 | 288,095 | |
224,792 | 270,810 | 346,164 | 411,414 | 478,633 | 546,618 | 635,860 | 768,196 | 780,660 | 916,203 | 1,051,181 | ||
Total Assets | 340,558 | 386,350 | 467,243 | 546,387 | 611,462 | 703,703 | 814,046 | 927,872 | 1,010,325 | 1,195,779 | 1,344,418 |
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 | ||
-10,939 | -14,166 | -7,972 | 9,211 | -12,458 | -10,007 | -18,674 | -9,485 | -54,288 | -27,112 | -32,351 | ||
14,931 | 7,785 | 31,045 | 22,495 | -2,487 | 41,342 | 5,643 | 8,865 | 7,279 | 47,894 | 6,641 | ||
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 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
4h - Bank has allotted 2,40,187 equity shares pursuant to ESOP/ESU scheme.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5h - Audio recording of Earnings Call - Financial Results
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Announcement under Regulation 30 (LODR)-Investor Presentation
10h - Press release and investor presentation - financial results FY24.
- Announcement under Regulation 30 (LODR)-Dividend Updates 10h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10h - Press release and investor presentation - financial results FY24
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Apr 2024TranscriptNotesPPT
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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]