Indian Bank

Indian Bank

₹ 522 -0.69%
26 Feb - close price
About

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. [1]

Key Points

Ratios
Capital Adequacy Ratio - 15.47%
Net Interest Margin - 3.03%
Gross NPA - 9.13%
Net NPA - 2.72%
CASA Ratio - 42.2%{# https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d7a6563-8aea-4605-ab1f-d38d6d2832ce.pdf#}

  • Market Cap 70,264 Cr.
  • Current Price 522
  • High / Low 574 / 252
  • Stock P/E 9.67
  • Book Value 385
  • Dividend Yield 1.65 %
  • ROCE 4.55 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 33.2% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Contingent liabilities of Rs.3,97,385 Cr.
  • Company might be capitalizing the interest cost

* 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 - Public Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 10,025 8,904 9,624 9,475 9,926 9,832 10,154 10,710 11,834 12,244 13,049 13,743 14,198
Interest 5,711 5,570 5,629 5,391 5,531 5,577 5,620 6,026 6,335 6,736 7,346 8,003 8,383
4,672 4,120 4,958 5,321 5,156 5,004 4,793 4,941 5,670 6,050 5,019 4,981 4,968
Financing Profit -359 -785 -963 -1,238 -761 -749 -259 -257 -171 -541 684 759 846
Financing Margin % -4% -9% -10% -13% -8% -8% -3% -2% -1% -4% 5% 6% 6%
1,143 1,581 1,821 1,966 1,556 1,573 1,605 1,828 1,716 1,994 1,710 1,993 1,902
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 785 796 857 728 795 824 1,345 1,571 1,546 1,453 2,394 2,752 2,748
Tax % 34% -115% -38% -50% 13% -19% 10% 22% 10% 0% 29% 28% 23%
514 1,709 1,182 1,089 690 984 1,213 1,225 1,396 1,447 1,709 1,988 2,119
EPS in Rs 4.55 15.13 9.49 8.75 5.54 7.90 9.74 9.84 11.21 11.62 13.72 15.96 15.73
Gross NPA % 9.04% 9.85% 9.69% 9.56% 9.13% 8.47% 8.13% 7.30% 6.53% 5.95% 5.47% 4.97% 4.47%
Net NPA % 2.35% 3.37% 3.47% 3.26% 2.72% 2.27% 2.12% 1.50% 1.00% 0.90% 0.70% 0.60% 0.53%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 12,231 13,897 15,249 15,853 16,244 16,040 17,114 19,185 21,405 39,106 38,856 44,942 53,235
Interest 7,813 9,368 10,889 11,392 11,798 10,894 10,850 12,167 13,799 23,440 22,128 24,717 30,468
3,345 3,895 4,152 4,218 5,122 5,433 7,357 8,358 9,233 17,778 19,842 20,925 21,018
Financing Profit 1,073 634 209 243 -676 -287 -1,093 -1,340 -1,626 -2,112 -3,114 -700 1,748
Financing Margin % 9% 5% 1% 2% -4% -2% -6% -7% -8% -5% -8% -2% 3%
1,284 1,283 1,372 1,363 1,781 2,211 2,406 1,883 3,312 5,650 6,915 7,143 7,598
Depreciation 89 91 105 138 151 166 236 259 314 633 598 529 0
Profit before tax 2,268 1,826 1,476 1,469 955 1,758 1,076 284 1,373 2,906 3,204 5,914 9,346
Tax % 23% 13% 21% 32% 26% 20% -17% -13% 45% -3% -23% 11%
1,747 1,581 1,159 1,005 711 1,406 1,259 322 753 3,005 3,945 5,282 7,263
EPS in Rs 40.65 36.79 24.93 20.93 14.81 29.27 26.21 6.70 12.37 26.61 31.67 42.41 57.03
Dividend Payout % 18% 18% 19% 20% 10% 20% 0% 0% 0% 8% 21% 20%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 28%
TTM: 25%
Compounded Profit Growth
10 Years: 13%
5 Years: 33%
3 Years: 91%
TTM: 51%
Stock Price CAGR
10 Years: 19%
5 Years: 18%
3 Years: 57%
1 Year: 101%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 430 430 465 480 480 480 480 480 609 1,129 1,245 1,245
Reserves 9,972 11,143 13,406 14,615 15,779 16,682 17,968 18,908 21,480 37,283 42,463 46,727
Preference Capital 400 400 0 0 0 0 0 0 0 0 0 0
125,677 144,843 167,239 171,871 181,795 195,146 228,054 254,213 281,056 562,805 610,827 643,239
5,341 6,407 6,116 5,869 5,655 5,925 6,213 6,463 6,323 22,209 17,132 19,289
Total Liabilities 141,419 162,823 187,226 192,836 203,710 218,233 252,716 280,065 309,468 623,427 671,668 710,501
1,625 1,690 2,929 2,963 3,503 3,432 3,418 3,961 3,895 7,375 7,680 7,455
CWIP 5 1 3 5 8 11 1 1 1 1 4 4
Investments 37,976 41,805 46,810 45,728 53,089 67,552 71,398 64,992 81,242 176,537 174,559 185,988
101,812 119,327 137,484 144,139 147,110 147,239 177,900 211,112 224,331 439,513 489,426 517,053
Total Assets 141,419 162,823 187,226 192,836 203,710 218,233 252,716 280,065 309,468 623,427 671,668 710,501

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1,957 3,436 -728 5,139 -931 -10,819 -3,676 6,268 -8,401 38,979 28,732 -27,943
-145 -179 -147 -236 -772 -179 -214 -176 -247 -543 -299 -297
2,353 -2,431 1,727 -2,312 620 9,041 6,776 1,000 2,552 1,866 18 -1,543
Net Cash Flow 251 825 852 2,591 -1,082 -1,958 2,886 7,093 -6,096 40,302 28,452 -29,783

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 18% 14% 9% 7% 5% 8% 7% 2% 4% 10% 10% 12%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
88.06% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 73.84%
1.02% 2.99% 2.41% 1.85% 1.73% 2.06% 2.60% 3.60% 4.17% 4.00% 4.33% 5.89%
4.36% 10.44% 10.53% 10.60% 11.11% 11.67% 12.09% 11.94% 11.55% 11.57% 11.76% 15.84%
6.56% 6.71% 7.20% 7.70% 7.30% 6.42% 5.45% 4.62% 4.43% 4.58% 4.05% 4.44%
No. of Shareholders 3,31,2303,20,5693,43,9633,62,0553,49,6873,35,0743,14,3113,15,0963,13,4483,14,1863,06,6493,12,770

* 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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Documents

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