Indian Bank

₹ 182 0.14%
12 Aug - 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 - 14.06%
Net Interest Margin - 3.13%
Gross NPA - 9.04%
Net NPA - 2.35%
CASA Ratio - 41%[1]

  • Market Cap 22,717 Cr.
  • Current Price 182
  • High / Low 195 / 115
  • Stock P/E 5.42
  • Book Value 361
  • Dividend Yield 3.56 %
  • ROCE 4.27 %
  • ROE 9.81 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.51 times its book value
  • Stock is providing a good dividend yield of 3.56%.
  • Company has delivered good profit growth of 23.3% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.62% for last 3 years.
  • Contingent liabilities of Rs.367,732 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.7,195 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.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Revenue 5,138 5,308 5,467 5,489 10,123 10,059 10,027 8,899 9,626 9,476 9,927 9,849 10,166
Interest 3,352 3,444 3,512 3,490 6,246 5,912 5,711 5,569 5,630 5,392 5,530 5,578 5,620
1,903 2,010 2,602 3,036 4,677 5,101 4,807 4,231 5,046 5,385 5,302 5,143 4,922
Financing Profit -117 -147 -647 -1,036 -799 -953 -491 -902 -1,050 -1,300 -905 -872 -376
Financing Margin % -2% -3% -12% -19% -8% -9% -5% -10% -11% -14% -9% -9% -4%
697 739 1,037 851 1,433 1,684 1,291 1,663 1,927 2,038 1,718 1,707 1,732
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 581 593 390 -185 634 730 800 761 876 737 814 835 1,356
Tax % 37% 39% 36% -16% 39% 42% 34% -121% -36% -49% 13% -19% 10%
Net Profit 395 443 291 -267 431 458 535 1,725 1,260 1,126 732 1,024 1,311
EPS in Rs 8.03 9.01 4.78 -4.39 3.82 4.05 4.74 15.28 10.12 9.04 5.87 8.22 10.53
Gross NPA % 7.34% 7.21% 7.21% 6.88% 10.90% 9.90% 9.05% 9.86% 9.70% 9.57% 9.13% 8.47% 8.13%
Net NPA % 3.84% 3.54% 3.50% 3.13% 3.76% 2.96% 2.35% 3.37% 3.47% 3.26% 2.72% 2.27% 2.12%

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 9,363 12,228 13,898 15,249 15,853 16,244 16,039 17,115 19,182 21,401 39,108 38,862 39,418
Interest 5,320 7,806 9,367 10,887 11,390 11,795 10,891 10,851 12,167 13,798 23,439 22,129 22,119
2,506 3,359 3,901 4,158 4,219 5,128 6,144 6,998 8,289 9,238 18,029 18,804 20,752
Financing Profit 1,537 1,063 629 204 245 -679 -996 -734 -1,273 -1,634 -2,360 -2,071 -3,453
Financing Margin % 16% 9% 5% 1% 2% -4% -6% -4% -7% -8% -6% -5% -9%
1,189 1,299 1,290 1,378 1,372 1,789 2,222 2,417 1,891 3,326 6,111 7,406 7,195
Depreciation 73 90 92 105 139 151 166 237 259 314 637 601 0
Profit before tax 2,653 2,271 1,827 1,476 1,478 958 1,060 1,445 359 1,377 3,115 4,734 3,742
Tax % 35% 23% 13% 21% 31% 25% -33% 13% 11% 45% 3% 16%
Net Profit 1,745 1,766 1,609 1,189 1,049 751 1,453 1,311 380 861 3,149 4,142 4,193
EPS in Rs 40.61 41.09 37.45 25.58 21.84 15.64 30.25 27.29 7.91 14.15 27.88 33.26 33.66
Dividend Payout % 18% 18% 18% 18% 19% 10% 20% 0% 0% 0% 7% 20%
Compounded Sales Growth
10 Years: 12%
5 Years: 19%
3 Years: 27%
TTM: 2%
Compounded Profit Growth
10 Years: 9%
5 Years: 23%
3 Years: 121%
TTM: 5%
Stock Price CAGR
10 Years: 0%
5 Years: -9%
3 Years: 0%
1 Year: 40%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 9%
Last Year: 10%

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
830 830 830 465 480 480 480 480 480 609 1,129 1,245
Reserves 8,857 10,081 11,263 13,559 14,549 16,010 16,954 18,235 19,235 22,159 38,329 43,706
107,819 125,589 144,830 167,219 171,850 181,768 195,117 228,022 254,178 281,015 562,793 610,724
4,742 5,391 6,430 6,145 6,156 5,683 5,957 6,244 6,494 6,359 23,285 18,421
Total Liabilities 121,847 141,490 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141 625,535 674,096
1,557 1,632 1,696 2,935 2,969 3,508 3,436 3,421 3,964 3,898 7,392 7,697
CWIP 55 5 1 3 5 8 11 1 1 1 0 2
Investments 34,861 37,996 41,899 46,935 46,060 53,283 67,781 71,619 65,272 81,871 178,292 176,502
85,374 101,857 119,357 137,515 144,001 147,143 147,280 177,940 211,152 224,371 439,850 489,896
Total Assets 121,847 141,490 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141 625,535 674,096

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
-196 -1,880 3,447 -725 5,136 -931 -10,814 -3,676 6,270 -8,396 17,231 28,750
-128 -145 -191 -147 -236 -772 -179 -214 -176 -247 21,233 -305
770 2,276 -2,431 1,727 -2,312 620 9,041 6,776 1,000 2,552 1,866 18
Net Cash Flow 446 251 825 855 2,588 -1,082 -1,952 2,886 7,094 -6,091 40,329 28,464

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% 17% 14% 9% 7% 5% 9% 7% 2% 4% 10% 10%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
79.62 83.46 83.46 88.06 88.06 88.06 88.06 79.86 79.86 79.86 79.86 79.86
4.60 3.12 2.74 0.99 0.82 0.84 1.02 2.99 2.41 1.85 1.73 2.06
9.95 7.38 6.29 4.04 3.95 4.44 4.36 10.44 10.53 10.60 11.11 11.67
5.83 6.04 7.51 6.90 7.16 6.66 6.56 6.71 7.20 7.70 7.30 6.42

Documents

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