Axis Bank Ltd

₹ 888 1.05%
25 Nov - close price
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]

  • Market Cap 272,887 Cr.
  • Current Price 888
  • High / Low 920 / 618
  • Stock P/E 14.9
  • Book Value 385
  • Dividend Yield 0.11 %
  • ROCE 5.15 %
  • ROE 12.7 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 29.0% CAGR over last 5 years
  • Company's working capital requirements have reduced from 147 days to 78.0 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.79% over past five years.
  • Promoter holding is low: 9.69%
  • Company has a low return on equity of 8.19% over last 3 years.
  • Contingent liabilities of Rs.1,360,180 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.17,199 Cr.
  • Promoter holding has decreased over last 3 years: -6.91%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Revenue 15,713 15,965 16,503 16,706 16,218 15,684 15,790 16,302 16,683 17,653 18,209 19,193 20,783
Interest 9,481 9,393 9,557 9,590 8,781 8,179 8,077 8,367 8,598 8,795 9,162 9,565 10,150
7,842 8,134 12,986 8,320 8,796 9,028 7,816 8,504 7,827 7,994 7,936 7,239 7,536
Financing Profit -1,611 -1,562 -6,041 -1,204 -1,359 -1,522 -103 -570 258 864 1,111 2,390 3,097
Financing Margin % -10% -10% -37% -7% -8% -10% -1% -4% 2% 5% 6% 12% 15%
4,174 4,011 4,283 2,663 3,909 3,307 4,060 3,754 4,284 4,438 4,792 3,493 4,476
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax 2,563 2,449 -1,758 1,458 2,550 1,784 3,957 3,184 4,542 5,301 5,903 5,883 7,573
Tax % 101% 23% 29% 24% 27% 25% 25% 25% 26% 25% 25% 25% 26%
Net Profit -22 1,884 -1,250 1,108 1,849 1,335 2,960 2,374 3,406 3,983 4,444 4,402 5,636
EPS in Rs -0.08 6.65 -4.47 3.90 6.00 4.30 9.60 7.69 11.05 12.90 14.39 14.26 18.27
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Revenue 15,155 21,995 27,202 30,736 35,727 41,409 45,175 46,614 56,044 63,716 64,397 68,846 75,838
Interest 8,589 13,969 17,513 18,703 21,341 24,344 26,789 27,604 33,883 37,996 34,627 34,923 37,672
5,840 6,895 8,538 9,944 11,521 13,869 24,327 29,717 28,020 35,976 32,621 31,216 30,705
Financing Profit 727 1,131 1,151 2,089 2,865 3,196 -5,941 -10,706 -5,860 -10,256 -2,851 2,707 7,460
Financing Margin % 5% 5% 4% 7% 8% 8% -13% -23% -10% -16% -4% 4% 10%
4,664 5,487 6,833 7,766 8,838 9,955 12,422 11,863 14,189 16,342 13,577 17,268 17,199
Depreciation 294 348 359 375 420 461 527 591 737 806 976 1,046 0
Profit before tax 5,097 6,270 7,625 9,479 11,283 12,690 5,954 566 7,592 5,280 9,750 18,929 24,660
Tax % 34% 33% 31% 33% 34% 34% 33% 18% 34% 64% 26% 25%
Net Profit 3,340 4,220 5,235 6,311 7,450 8,358 3,967 464 5,047 1,879 7,252 14,207 18,464
EPS in Rs 16.27 20.42 22.37 26.86 31.42 35.04 16.51 1.78 19.59 6.57 23.49 45.99 59.82
Dividend Payout % 17% 16% 16% 15% 15% 14% 30% -0% 5% -0% -0% 2%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 7%
TTM: 18%
Compounded Profit Growth
10 Years: 13%
5 Years: 29%
3 Years: 41%
TTM: 84%
Stock Price CAGR
10 Years: 13%
5 Years: 10%
3 Years: 6%
1 Year: 34%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
411 413 468 470 474 477 479 513 514 564 613 614
Reserves 18,484 22,269 32,690 37,926 44,475 53,082 55,901 63,694 67,288 85,776 102,981 117,496
215,434 254,059 296,254 333,280 406,638 472,150 527,437 611,425 711,996 797,337 850,551 1,020,692
8,238 8,675 11,145 14,674 15,656 20,678 27,644 28,071 34,248 44,194 46,859 56,726
Total Liabilities 242,567 285,417 340,558 386,350 467,243 546,387 611,462 703,703 814,046 927,872 1,001,005 1,195,529
2,270 2,204 2,245 2,346 2,447 3,358 3,518 3,697 3,842 3,912 4,501 4,753
CWIP 23 80 142 102 105 216 292 352 288 483 118 215
Investments 71,788 92,921 113,378 113,093 118,527 131,399 129,018 153,037 174,056 155,282 225,336 274,608
168,486 190,211 224,792 270,810 346,164 411,414 478,633 546,618 635,860 768,196 771,050 915,952
Total Assets 242,567 285,417 340,558 386,350 467,243 546,387 611,462 703,703 814,046 927,872 1,001,005 1,195,529

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11,328 -9,904 2,573 14,464 -15,162 -34,495 32,209 -38,390 37,125 30,416 12,633 28,137
-13,894 -4,840 -10,939 -14,166 -7,972 9,211 -12,458 -10,007 -18,674 -9,485 -54,288 -27,112
8,770 7,270 14,931 7,785 31,045 22,495 -2,487 41,342 5,643 8,865 7,279 47,894
Net Cash Flow 6,203 -7,474 6,566 8,082 7,910 -2,789 17,263 -7,055 24,094 29,795 -34,375 48,919

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 19% 20% 19% 18% 18% 17% 7% 1% 8% 2% 8% 13%

Shareholding Pattern

Numbers in percentages

10 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
16.08 16.00 15.99 14.78 13.93 13.58 11.69 11.64 9.71 9.70 9.70 9.69
48.35 45.49 45.96 49.24 51.02 51.43 52.49 51.38 47.44 46.93 46.58 46.12
23.10 24.94 24.41 23.92 23.53 23.27 24.27 25.32 30.21 30.50 31.47 32.26
12.46 13.56 13.64 12.06 11.52 11.72 11.55 11.66 12.64 12.87 12.25 11.95

Documents

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