IndusInd Bank Ltd

About [ edit ]

IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.#

Key Points [ edit ]
  • Market Cap 75,400 Cr.
  • Current Price 975
  • High / Low 1,120 / 330
  • Stock P/E 26.6
  • Book Value 440
  • Dividend Yield 0.00 %
  • ROCE 6.49 %
  • ROE 8.34 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 21.34% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 16.06%
  • Company has a low return on equity of 11.78% for last 3 years.
  • Contingent liabilities of Rs.990168.88 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 36.36% of their holding.
  • Earnings include an other income of Rs.6558.61 Cr.
  • Dividend payout has been low at 9.11% of profits over last 3 years

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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 5,068 5,438 5,763 5,991 6,961 7,150 7,285 7,387 7,162 7,177 7,242 7,419
Interest 2,946 3,235 3,475 3,759 4,117 4,241 4,211 4,155 3,853 3,899 3,835 3,885
1,863 2,118 2,247 3,284 2,347 2,774 3,161 4,607 4,226 3,966 3,992 4,119
Financing Profit 260 85 41 -1,052 497 136 -87 -1,376 -917 -688 -586 -584
Financing Margin % 5% 2% 1% -18% 7% 2% -1% -19% -13% -10% -8% -8%
Other Income 1,302 1,317 1,469 1,559 1,663 1,727 1,789 1,772 1,519 1,554 1,705 1,780
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,561 1,402 1,510 507 2,160 1,862 1,702 396 602 866 1,120 1,196
Tax % 34% 34% 35% 29% 34% 26% 24% 24% 24% 25% 24% 27%
Net Profit 1,036 920 985 360 1,432 1,383 1,300 302 461 647 853 876
EPS in Rs 17.25 15.30 16.36 5.97 23.75 19.96 18.76 4.35 6.64 8.55 11.26 11.33
Gross NPA % 1.15% 1.09% 1.13% 2.10% 2.15% 2.19% 2.18% 2.45% 2.53% 2.21% 1.74% 2.67%
Net NPA % 0.51% 0.48% 0.59% 1.21% 1.23% 1.12% 1.05% 0.91% 0.86% 0.52% 0.22% 0.69%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 2,707 3,589 5,359 6,983 8,254 9,692 11,872 14,406 17,281 22,261 28,783 29,000
Interest 1,821 2,213 3,655 4,750 5,363 6,272 7,355 8,343 9,783 13,415 16,724 15,472
828 1,147 1,449 1,947 2,555 3,131 4,188 5,684 6,555 9,282 12,603 16,302
Financing Profit 58 229 255 286 335 289 329 379 942 -436 -544 -2,774
Financing Margin % 2% 6% 5% 4% 4% 3% 3% 3% 5% -2% -2% -10%
Other Income 519 711 1,012 1,363 1,891 2,546 3,297 4,171 4,750 5,646 6,943 6,559
Depreciation 45 61 75 73 98 127 157 191 212 229 278 0
Profit before tax 533 879 1,192 1,576 2,128 2,709 3,469 4,360 5,481 4,981 6,121 3,784
Tax % 34% 34% 33% 33% 34% 34% 34% 34% 34% 34% 28% 25%
Net Profit 350 577 803 1,061 1,408 1,794 2,286 2,868 3,606 3,301 4,418 2,836
EPS in Rs 8.53 12.40 17.17 20.30 26.80 33.88 38.43 47.95 60.08 54.77 63.70 36.68
Dividend Payout % 21% 16% 13% 15% 13% 12% 12% 13% 12% 14% 0% 14%
Compounded Sales Growth
10 Years:23%
5 Years:20%
3 Years:19%
TTM:1%
Compounded Profit Growth
10 Years:17%
5 Years:4%
3 Years:-8%
TTM:-36%
Stock Price CAGR
10 Years:15%
5 Years:-2%
3 Years:-20%
1 Year:165%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:12%
Last Year:8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
411 466 468 523 526 529 595 598 600 603 694
Reserves 1,984 3,576 4,263 7,097 8,506 10,101 17,087 20,033 23,227 26,072 33,330
Borrowings 31,644 39,891 51,044 63,576 75,264 94,752 117,996 149,026 189,928 242,189 262,793
1,330 1,703 1,822 2,111 2,730 6,404 7,219 8,992 7,871 8,956 10,241
Total Liabilities 35,370 45,636 57,596 73,307 87,026 111,787 142,897 178,648 221,626 277,819 307,058
627 572 614 741 991 1,120 1,218 1,307 1,313 1,688 1,742
CWIP 18 24 43 16 25 38 37 28 25 22 78
Investments 10,402 13,551 14,572 19,654 21,563 22,878 34,054 36,702 50,077 59,266 59,980
24,323 31,489 42,367 52,896 64,447 87,751 107,587 140,611 170,211 216,843 245,257
Total Assets 35,370 45,636 57,596 73,307 87,026 111,787 142,897 178,648 221,626 277,819 307,058

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
86 609 -840 -486 -4,106 -1,421 -2,927 11,569 -20,700 -6,389 -12,039 44,646
-75 -21 -141 -174 -174 -276 -258 -285 -217 -633 526 -233
668 834 2,496 1,969 4,200 5,707 2,517 -2,768 15,505 8,590 12,733 -4,096
Net Cash Flow 679 1,421 1,515 1,309 -79 4,010 -667 8,516 -5,412 1,568 1,220 40,317

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 18% 18% 18% 17% 17% 18% 16% 15% 16% 13% 15%

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
16.77 16.74 16.79 16.80 16.78 14.38 14.38 14.34 14.65 14.68 14.67 16.55
52.64 52.20 53.65 53.53 51.47 52.10 55.22 53.58 52.07 51.81 54.93 50.91
10.57 10.21 10.03 9.75 10.85 17.22 14.95 15.50 14.72 17.24 16.20 18.11
20.02 20.85 19.53 19.92 20.89 16.29 15.45 16.58 18.55 16.27 14.21 14.43

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