Indian Bank

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 12,880 Cr.
  • Current Price 114
  • High / Low 157 / 43.2
  • Stock P/E 11.1
  • Book Value 202
  • Dividend Yield 0.00 %
  • ROCE 5.25 %
  • ROE 4.05 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.56 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.19% over past five years.
  • Company has a low return on equity of 4.37% for last 3 years.
  • Contingent liabilities of Rs.48596.68 Cr.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Banks Industry: Banks - Public 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
Revenue 4,692 4,700 4,824 4,967 5,138 5,308 5,467 5,489 10,123 10,059 10,027
Interest 2,885 2,970 3,107 3,204 3,352 3,444 3,512 3,490 6,246 5,912 5,711
1,981 1,975 1,939 2,729 1,903 2,010 2,602 3,036 4,677 5,154 5,060
Financing Profit -174 -245 -222 -966 -117 -147 -647 -1,036 -799 -1,007 -744
Financing Margin % -4% -5% -5% -19% -2% -3% -12% -19% -8% -10% -7%
Other Income 442 430 446 572 697 739 1,037 851 1,433 1,737 1,544
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 269 186 223 -394 581 593 390 -185 634 730 800
Tax % 22% 20% 32% 52% 37% 39% 36% -16% 39% 42% 34%
Net Profit 226 172 172 -189 395 443 291 -267 431 458 535
EPS in Rs 4.71 3.58 3.58 -3.94 8.03 9.01 4.78 -4.39 3.82 4.05 4.74
Gross NPA % 7.21% 7.17% 7.48% 7.12% 7.34% 7.21% 7.21% 6.88% 10.90% 9.90% 9.05%
Net NPA % 3.79% 4.23% 4.42% 3.75% 3.84% 3.54% 3.50% 3.13% 3.76% 2.96% 2.35%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 6,833 7,704 9,363 12,228 13,898 15,249 15,853 16,244 16,039 17,115 19,182 21,401 35,698
Interest 4,216 4,548 5,320 7,806 9,367 10,887 11,390 11,795 10,891 10,851 12,167 13,798 21,359
1,782 2,039 2,505 3,307 3,893 4,156 4,217 5,126 6,143 6,996 8,287 9,238 17,926
Financing Profit 835 1,117 1,538 1,114 638 206 246 -677 -995 -732 -1,272 -1,634 -3,587
Financing Margin % 12% 14% 16% 9% 5% 1% 2% -4% -6% -4% -7% -8% -10%
Other Income 1,046 1,332 1,188 1,247 1,282 1,376 1,371 1,787 2,221 2,414 1,890 3,326 5,566
Depreciation 86 89 73 90 92 105 139 151 166 237 259 314 0
Profit before tax 1,795 2,361 2,653 2,271 1,827 1,476 1,478 958 1,060 1,445 359 1,377 1,979
Tax % 31% 34% 35% 23% 13% 21% 31% 25% -33% 13% 11% 45%
Net Profit 1,255 1,570 1,745 1,766 1,609 1,189 1,049 751 1,453 1,311 380 861 1,157
EPS in Rs 29.21 36.53 40.61 41.09 37.45 25.58 21.84 15.64 30.25 27.29 7.91 14.15 8.22
Dividend Payout % 17% 18% 18% 18% 18% 18% 19% 10% 20% 0% 0% 0%
Compounded Sales Growth
10 Years:11%
5 Years:6%
3 Years:10%
TTM:71%
Compounded Profit Growth
10 Years:-6%
5 Years:-4%
3 Years:-16%
TTM:23%
Stock Price CAGR
10 Years:-7%
5 Years:5%
3 Years:-29%
1 Year:144%
Return on Equity
10 Years:8%
5 Years:5%
3 Years:4%
Last Year:4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
830 830 830 830 830 465 480 480 480 480 480 609
Reserves 6,434 7,583 8,857 10,081 11,263 13,559 14,549 16,010 16,954 18,235 19,235 22,159
Borrowings 73,343 89,113 107,819 125,589 144,830 167,219 171,850 181,768 195,117 228,022 254,178 281,015
3,967 4,398 4,742 5,391 6,430 6,145 6,156 5,683 5,957 6,244 6,494 6,359
Total Liabilities 84,174 101,524 121,847 141,490 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141
1,597 1,564 1,557 1,632 1,696 2,935 2,969 3,508 3,436 3,421 3,964 3,898
CWIP 5 22 55 5 1 3 5 8 11 1 1 1
Investments 22,861 28,339 34,861 37,996 41,899 46,935 46,060 53,283 67,781 71,619 65,272 81,871
59,711 71,598 85,374 101,857 119,357 137,515 144,001 147,143 147,280 177,940 211,152 224,371
Total Assets 84,174 101,524 121,847 141,490 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,137 1,707 -196 -1,880 3,447 -725 5,136 -931 -10,814 -3,676 6,270 -8,730
-95 -103 -128 -145 -191 -147 -236 -772 -179 -214 -176 -191
-1,129 -173 770 2,276 -2,431 1,727 -2,312 620 9,041 6,776 1,000 2,829
Net Cash Flow -87 1,431 446 251 825 855 2,588 -1,082 -1,952 2,886 7,094 -6,091

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 20% 20% 19% 17% 14% 9% 7% 5% 9% 7% 2% 4%

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
81.71 81.73 81.73 81.49 79.62 79.62 83.46 83.46 88.06 88.06 88.06 88.06
6.10 5.25 5.19 5.70 4.70 4.60 3.12 2.74 0.99 0.82 0.84 1.02
9.63 10.01 10.17 10.04 10.41 9.95 7.38 6.29 4.04 3.95 4.44 4.36
0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.54 3.01 2.91 2.78 5.27 5.83 6.04 7.51 6.90 7.16 6.66 6.56

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