IDBI Bank Ltd

About [ edit ]

IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.

Key Points [ edit ]
  • Market Cap 41,827 Cr.
  • Current Price 38.9
  • High / Low 56.2 / 19.2
  • Stock P/E 27.6
  • Book Value 32.4
  • Dividend Yield 0.00 %
  • ROCE 4.73 %
  • ROE 4.35 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 19.35% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.59% over past five years.
  • Company has a low return on equity of -25.91% for last 3 years.
  • Contingent liabilities of Rs.127030.95 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.4848.11 Cr.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Revenue 5,766 5,364 5,500 5,472 5,098 5,206 4,946 5,605 4,904 4,696 4,569 5,787
Interest 4,120 4,054 4,135 3,854 3,632 3,565 3,403 3,241 3,122 2,993 2,753 2,540
6,456 7,876 7,889 9,947 7,697 7,327 2,086 3,431 2,369 2,132 2,365 4,045
Financing Profit -4,810 -6,566 -6,524 -8,329 -6,231 -5,687 -543 -1,067 -587 -429 -549 -798
Financing Margin % -83% -122% -119% -152% -122% -109% -11% -19% -12% -9% -12% -14%
Other Income 682 869 744 1,244 830 1,074 1,322 1,406 1,051 1,113 1,419 1,265
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -4,128 -5,697 -5,780 -7,085 -5,401 -4,613 778 339 464 684 870 467
Tax % 42% 37% 28% 31% 29% 25% 838% 51% 65% 51% 54% -17%
Net Profit -2,383 -3,573 -4,165 -4,856 -3,821 -3,449 -5,729 164 159 333 393 629
EPS in Rs -5.70 -8.55 -6.03 -6.28 -4.94 -4.46 -5.52 0.16 0.15 0.32 0.37 0.59
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
Revenue 15,531 18,617 23,389 25,076 26,608 28,164 28,058 27,805 23,046 22,102 20,854 19,956
Interest 13,145 14,270 18,818 19,674 20,558 22,387 21,931 22,019 17,376 16,162 13,841 11,408
3,189 4,134 4,014 5,932 7,224 8,424 14,339 18,129 20,698 24,045 24,093 10,912
Financing Profit -803 212 557 -530 -1,174 -2,647 -8,212 -12,343 -15,028 -18,106 -17,080 -2,364
Financing Margin % -5% 1% 2% -2% -4% -9% -29% -44% -65% -82% -82% -12%
Other Income 2,284 2,219 2,196 3,333 3,110 4,189 3,518 4,207 7,248 3,463 4,626 4,848
Depreciation 95 130 120 128 117 141 218 362 377 370 394 0
Profit before tax 1,386 2,301 2,634 2,675 1,819 1,401 -4,912 -8,498 -8,157 -15,013 -12,847 2,484
Tax % 26% 32% 24% 29% 36% 32% 26% 40% 0% 0% 0% 42%
Net Profit 1,021 1,564 2,002 1,889 1,152 942 -3,591 -5,016 -8,132 -14,987 -12,835 1,514
EPS in Rs 14.08 15.88 15.66 14.17 7.18 5.87 -17.44 -24.36 -26.37 -19.37 -12.36 1.41
Dividend Payout % 21% 22% 22% 25% 14% 13% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:1%
5 Years:-7%
3 Years:-5%
TTM:-4%
Compounded Profit Growth
10 Years:-0%
5 Years:19%
3 Years:30%
TTM:112%
Stock Price CAGR
10 Years:-12%
5 Years:-11%
3 Years:-17%
1 Year:94%
Return on Equity
10 Years:-14%
5 Years:-26%
3 Years:-26%
Last Year:4%

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
725 985 1,278 1,333 1,604 1,604 2,059 2,059 3,084 7,736 10,381
Reserves 9,566 13,584 18,112 19,869 22,028 22,771 26,000 21,204 18,824 30,610 24,455
Borrowings 217,575 232,014 263,722 292,699 295,719 321,355 335,679 324,580 310,962 272,478 258,963
8,236 6,975 7,064 8,766 9,599 10,314 11,537 14,646 18,039 10,287 6,915
Total Liabilities 236,102 253,558 290,176 322,666 328,950 356,044 375,275 362,488 350,909 321,111 300,713
2,859 2,992 3,017 2,928 2,978 3,026 7,041 6,893 6,350 7,842 7,719
CWIP 162 68 26 18 22 54 481 541 502 468 488
Investments 73,107 68,034 82,829 98,433 103,419 97,347 92,810 93,075 91,848 93,328 81,996
159,975 182,464 204,304 221,288 222,531 255,617 274,943 261,980 252,208 219,474 210,511
Total Assets 236,102 253,558 290,176 322,666 328,950 356,044 375,275 362,488 350,909 321,111 300,713

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
3,861 3,510 -3,245 -299 -1,998 -1,991 -567 8,000 -12,514 -34,215 208 3,443
-310 -214 -177 -123 -223 -272 -715 -464 720 116 -296 -59
-228 2,867 556 329 1,110 -61 2,927 1,889 12,843 21,622 9,279 1,428
Net Cash Flow 3,322 6,163 -2,865 -92 -1,111 -2,323 1,645 9,424 1,049 -12,477 9,191 4,813

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 % 10% 13% 12% 9% 5% 4% -14% -20% -36% -50% -35%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
85.96 85.96 52.02 97.46 97.46 97.46 98.11 98.11 98.11 98.11 94.71 94.71
0.97 1.04 0.66 0.10 0.05 0.02 0.01 0.02 0.00 0.00 0.34 0.09
8.88 8.98 44.74 0.27 0.21 0.22 0.14 0.15 0.15 0.14 2.86 1.62
4.19 4.02 2.58 2.17 2.28 2.31 1.74 1.73 1.74 1.76 2.09 3.58

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