Indian Bank

Indian Bank

₹ 540 -0.28%
14 Jun 4:01 p.m.
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 72,790 Cr.
  • Current Price 540
  • High / Low 633 / 276
  • Stock P/E 8.64
  • Book Value 447
  • Dividend Yield 2.22 %
  • ROCE 5.92 %
  • ROE 15.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 85.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.3%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.6% over last 3 years.
  • Contingent liabilities of Rs.3,50,266 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 8,899 9,626 9,483 9,930 9,849 10,166 10,728 11,836 12,255 13,050 13,764 14,203 14,633
Interest 5,569 5,630 5,392 5,530 5,578 5,620 6,026 6,335 6,736 7,346 8,003 8,383 8,609
4,231 5,046 5,385 5,302 5,143 4,922 5,098 5,860 6,202 5,161 5,150 5,158 5,378
Financing Profit -902 -1,050 -1,293 -901 -872 -376 -396 -359 -683 543 611 661 646
Financing Margin % -10% -11% -14% -9% -9% -4% -4% -3% -6% 4% 4% 5% 4%
1,663 1,927 2,030 1,715 1,707 1,732 1,987 1,926 2,161 1,871 2,166 2,113 2,432
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 761 876 737 814 835 1,356 1,590 1,567 1,477 2,415 2,777 2,774 3,078
Tax % -121% -36% -49% 13% -19% 10% 22% 10% 1% 29% 28% 23% 27%
1,726 1,260 1,127 733 1,025 1,311 1,288 1,455 1,520 1,850 2,069 2,207 2,296
EPS in Rs 15.28 10.12 9.04 5.87 8.22 10.53 10.34 11.68 12.20 14.85 16.61 16.37 17.04
Gross NPA % 9.86% 9.70% 9.57% 9.13% 8.47% 8.13% 7.30% 6.53% 5.95% 5.47% 4.97% 4.47% 3.95%
Net NPA % 3.37% 3.47% 3.26% 2.72% 2.27% 2.12% 1.50% 1.00% 0.90% 0.70% 0.60% 0.53% 0.43%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 13,898 15,249 15,853 16,244 16,039 17,115 19,182 21,401 39,108 38,888 44,985 55,650
Interest 9,367 10,887 11,390 11,795 10,891 10,851 12,167 13,798 23,439 22,129 24,717 32,341
3,901 4,158 4,219 5,128 6,144 6,998 8,289 9,238 18,029 20,285 21,577 20,342
Financing Profit 629 204 245 -679 -996 -734 -1,273 -1,634 -2,360 -3,526 -1,309 2,967
Financing Margin % 5% 1% 2% -4% -6% -4% -7% -8% -6% -9% -3% 5%
1,290 1,378 1,372 1,789 2,222 2,417 1,891 3,326 6,111 7,380 7,804 8,582
Depreciation 92 105 139 151 166 237 259 314 637 601 532 531
Profit before tax 1,827 1,476 1,478 958 1,060 1,445 359 1,377 3,115 3,253 5,963 11,017
Tax % 13% 21% 31% 25% -33% 13% 11% 45% 3% -23% 11% 26%
1,610 1,189 1,051 752 1,455 1,311 381 862 3,151 4,144 5,574 8,423
EPS in Rs 37.45 25.58 21.84 15.64 30.25 27.29 7.91 14.15 27.88 33.26 44.74 62.51
Dividend Payout % 18% 18% 19% 10% 20% 0% 0% 0% 7% 20% 19% 19%
Compounded Sales Growth
10 Years: 14%
5 Years: 24%
3 Years: 12%
TTM: 24%
Compounded Profit Growth
10 Years: 22%
5 Years: 86%
3 Years: 39%
TTM: 51%
Stock Price CAGR
10 Years: 12%
5 Years: 15%
3 Years: 56%
1 Year: 93%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 13%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 430 465 480 480 480 480 480 609 1,129 1,245 1,245 1,347
Reserves 11,263 13,559 14,549 16,010 16,954 18,235 19,235 22,159 38,329 43,706 48,261 58,901
Preference Capital 400 0 0 0 0 0 0 0 0 0 0 0
144,830 167,219 171,850 181,768 195,117 228,022 254,178 281,015 562,793 610,788 643,216 711,096
6,430 6,145 6,156 5,683 5,957 6,244 6,494 6,359 23,285 18,356 20,612 24,365
Total Liabilities 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141 625,535 674,096 713,334 795,709
1,696 2,935 2,969 3,508 3,436 3,421 3,964 3,898 7,392 7,694 7,472 7,538
CWIP 1 3 5 8 11 1 1 1 0 5 9 2
Investments 41,899 46,935 46,060 53,283 67,781 71,619 65,272 81,871 178,292 176,502 188,366 215,242
119,357 137,515 144,001 147,143 147,280 177,940 211,152 224,371 439,850 489,896 517,487 572,927
Total Assets 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141 625,535 674,096 713,334 795,709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,447 -725 5,136 -931 -10,814 -3,676 6,270 -8,396 17,231 28,750 -27,894 -8,617
-191 -147 -236 -772 -179 -214 -176 -247 21,233 -305 -314 -618
-2,431 1,727 -2,312 620 9,041 6,776 1,000 2,552 1,866 18 -1,543 1,195
Net Cash Flow 825 855 2,588 -1,082 -1,952 2,886 7,094 -6,091 40,329 28,464 -29,751 -8,040

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 15% 9% 7% 5% 9% 7% 2% 4% 10% 10% 12% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 79.86% 73.84% 73.84%
2.99% 2.41% 1.85% 1.73% 2.06% 2.60% 3.60% 4.17% 4.00% 4.33% 5.89% 5.29%
10.44% 10.53% 10.60% 11.11% 11.67% 12.09% 11.94% 11.55% 11.57% 11.76% 15.84% 16.95%
6.71% 7.20% 7.70% 7.30% 6.42% 5.45% 4.62% 4.43% 4.58% 4.05% 4.44% 3.93%
No. of Shareholders 3,20,5693,43,9633,62,0553,49,6873,35,0743,14,3113,15,0963,13,4483,14,1863,06,6493,12,7703,08,165

* 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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