Axis Bank Ltd

Axis Bank Ltd

₹ 1,271 0.00%
12 May 9:09 a.m.
About

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]

Key Points

Market Leadership[1][2]
- 3rd largest private sector bank in India
- 4th largest issuer of credit cards
- 5% market share in deposits, 5.5% market share in advances.

  • Market Cap 3,95,165 Cr.
  • Current Price 1,271
  • High / Low 1,418 / 1,041
  • Stock P/E 15.0
  • Book Value 687
  • Dividend Yield 0.08 %
  • ROCE 6.24 %
  • ROE 13.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 73.9 days to 43.9 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.14%
  • Contingent liabilities of Rs.29,55,132 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.29,674 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
24,630 26,246 27,418 28,865 30,231 31,159 31,601 32,162 32,452 32,348 32,310 33,709 34,171
Interest 12,580 13,972 14,749 15,943 16,727 17,261 17,615 18,040 18,121 18,239 17,971 18,785 19,080
8,101 9,731 10,059 10,506 11,124 11,892 12,412 11,913 11,943 13,983 14,302 12,743 14,816
Financing Profit 3,948 2,543 2,609 2,416 2,379 2,006 1,575 2,210 2,389 127 36 2,181 275
Financing Margin % 16% 10% 10% 8% 8% 6% 5% 7% 7% 0% 0% 6% 1%
-7,101 5,648 5,705 6,272 7,606 6,637 7,603 6,797 7,506 8,053 7,460 7,189 6,972
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -3,153 8,192 8,314 8,688 9,985 8,643 9,177 9,007 9,895 8,180 7,496 9,371 7,247
Tax % 70% 26% 25% 25% 24% 25% 19% 25% 24% 23% 26% 25% -5%
-5,334 6,113 6,230 6,520 7,630 6,467 7,436 6,779 7,509 6,279 5,567 7,060 7,642
EPS in Rs -17.43 19.78 20.13 21.05 24.62 20.83 23.93 21.78 24.13 20.13 17.82 22.58 24.46
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
35,727 41,409 45,175 46,614 56,044 63,716 64,397 68,846 87,448 112,759 127,374 132,538
Interest 21,341 24,344 26,789 27,604 33,883 37,996 34,627 34,923 43,389 61,391 71,036 74,075
11,521 13,869 24,327 29,717 28,020 35,976 32,621 31,216 30,644 40,036 46,395 55,843
Financing Profit 2,865 3,196 -5,941 -10,706 -5,860 -10,256 -2,851 2,707 13,416 11,333 9,943 2,620
Financing Margin % 8% 8% -13% -23% -10% -16% -4% 4% 15% 10% 8% 2%
8,838 9,955 12,422 11,863 14,189 16,342 13,577 17,268 18,349 25,230 28,543 29,674
Depreciation 420 461 527 591 737 806 976 1,046 13,143 1,385 1,763 0
Profit before tax 11,283 12,690 5,954 566 7,592 5,280 9,750 18,929 18,621 35,178 36,722 32,293
Tax % 34% 34% 33% 18% 34% 64% 26% 25% 42% 25% 23% 18%
7,450 8,358 3,967 464 5,047 1,879 7,252 14,207 10,919 26,492 28,191 26,548
EPS in Rs 31.42 35.04 16.51 1.78 19.59 6.57 23.49 45.99 35.16 85.49 90.58 84.89
Dividend Payout % 15% 14% 30% 0% 5% 0% 0% 2% 3% 1% 1% 1%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 12%
5 Years: 30%
3 Years: 35%
TTM: -6%
Stock Price CAGR
10 Years: 10%
5 Years: 13%
3 Years: 12%
1 Year: 6%
Return on Equity
10 Years: 11%
5 Years: 14%
3 Years: 16%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 474 477 479 513 514 564 613 614 615 617 619 622
Reserves 44,475 53,082 55,901 63,694 67,288 85,776 102,981 117,647 129,166 156,406 186,616 212,957
Deposits 322,244 358,302 414,983 455,658 550,746 642,157 698,303 821,165 945,825 1,067,102 1,170,921 1,333,791
Borrowing 84,394 113,848 112,455 155,767 161,250 155,180 152,249 199,778 206,214 228,200 220,687 280,511
15,656 20,678 27,644 28,071 34,248 44,194 46,859 56,576 62,598 65,913 78,119 118,169
Total Liabilities 467,243 546,387 611,462 703,703 814,046 927,872 1,001,005 1,195,779 1,344,418 1,518,239 1,656,963 1,946,050
2,447 3,358 3,518 3,697 3,842 3,912 4,501 4,753 5,000 5,860 6,661 6,756
CWIP 105 216 292 352 288 483 118 215 142 267 121 0
Investments 118,527 131,399 129,018 153,037 174,056 155,282 225,336 274,608 288,095 332,354 396,685 446,422
346,164 411,414 478,633 546,618 635,860 768,196 771,050 916,203 1,051,181 1,179,758 1,253,496 1,492,872
Total Assets 467,243 546,387 611,462 703,703 814,046 927,872 1,001,005 1,195,779 1,344,418 1,518,239 1,656,963 1,946,050

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-15,162 -34,495 32,209 -38,390 37,125 30,416 12,633 28,137 22,075 -5,555 44,384 -8,637
-7,972 9,211 -12,458 -10,007 -18,674 -9,485 -54,288 -27,112 -32,351 -9,001 -51,178 -45,917
31,045 22,495 -2,487 41,342 5,643 8,865 7,279 47,894 6,641 22,341 -7,000 60,358
Net Cash Flow 7,910 -2,789 17,263 -7,055 24,094 29,795 -34,375 48,919 -3,636 7,785 -13,794 5,804
Free Cash Flow -15,691 -35,970 31,441 -39,233 36,300 29,339 11,708 26,736 20,697 -7,931 41,951 -10,797
CFO/OP -63% -109% 180% -208% 144% 121% 46% 87% 51% 2% 65% -2%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 18% 17% 7% 1% 8% 2% 8% 13% 9% 18% 16% 13%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Number of ATMs
Count ・Standalone data

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Number of Branches
Count ・Standalone data
Number of Employees
Count ・Standalone data
Retail Advances Share
% ・Standalone data
Credit Cards in Force Market Share
% ・Standalone data
UPI Payer PSP Market Share (Volume)
% ・Standalone data

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
8.19% 8.22% 8.20% 8.22% 8.31% 8.29% 8.23% 8.18% 8.17% 8.16% 8.15% 8.14%
52.00% 53.00% 54.68% 53.84% 53.43% 51.78% 47.32% 43.94% 43.81% 41.89% 42.58% 42.04%
29.91% 29.03% 28.83% 30.12% 31.63% 33.21% 37.48% 40.87% 41.22% 42.87% 42.65% 43.35%
9.91% 9.76% 8.27% 7.81% 6.63% 6.71% 6.97% 6.99% 6.80% 7.06% 6.61% 6.44%
No. of Shareholders 8,01,2097,85,6017,85,5027,86,1667,69,6518,28,6298,99,9499,35,4538,85,7259,18,7808,63,7588,54,844

* 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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