IndusInd Bank Ltd

₹ 1,185 3.76%
30 Sep - close price
About

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.[1]

Key Points

India's First Private Bank
Indusind bank was the first Private sector bank in India set up in Mumbai in April 1994. Indusind Bank Ltd India was started under the chairmanship of Srichand P Hinduja, the head of the Hinduja Group of Companies with the primary objective of serving the NRI community. [1]

  • Market Cap 91,880 Cr.
  • Current Price 1,185
  • High / Low 1,276 / 763
  • Stock P/E 17.5
  • Book Value 616
  • Dividend Yield 0.72 %
  • ROCE 5.95 %
  • ROE 10.1 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 20.0% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.9%
  • Company has a low return on equity of 10.4% over last 3 years.
  • Contingent liabilities of Rs.953,434 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 45.5% of their holding.
  • Earnings include an other income of Rs.7,543 Cr.
  • Dividend payout has been low at 9.30% of profits over last 3 years

* 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 - Private Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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 6,961 7,150 7,285 7,387 7,162 7,177 7,242 7,419 7,575 7,650 7,737 7,860 8,182
Interest 4,117 4,241 4,211 4,155 3,853 3,899 3,835 3,885 4,011 3,992 3,944 3,875 4,057
2,347 2,774 3,161 4,607 4,226 3,966 3,992 4,119 3,994 4,024 4,119 4,020 3,911
Financing Profit 497 136 -87 -1,376 -917 -688 -586 -584 -430 -366 -326 -35 214
Financing Margin % 7% 2% -1% -19% -13% -10% -8% -8% -6% -5% -4% -0% 3%
1,663 1,727 1,789 1,772 1,519 1,554 1,705 1,780 1,716 1,837 1,877 1,900 1,929
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,160 1,862 1,702 396 602 866 1,120 1,196 1,287 1,471 1,551 1,865 2,143
Tax % 34% 26% 24% 24% 24% 25% 24% 27% 24% 24% 25% 27% 25%
Net Profit 1,432 1,383 1,300 302 461 647 853 876 975 1,114 1,161 1,361 1,603
EPS in Rs 23.75 19.96 18.76 4.35 6.64 8.55 11.26 11.33 12.60 14.39 14.99 17.57 20.68
Gross NPA % 2.15% 2.19% 2.18% 2.45% 2.53% 2.21% 1.74% 2.67% 2.88% 2.77% 2.48% 2.27% 2.35%
Net NPA % 1.23% 1.12% 1.05% 0.91% 0.86% 0.52% 0.22% 0.69% 0.84% 0.80% 0.71% 0.64% 0.67%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 3,589 5,359 6,983 8,254 9,692 11,872 14,406 17,281 22,261 28,783 29,000 30,822 31,430
Interest 2,213 3,655 4,750 5,363 6,272 7,355 8,343 9,783 13,415 16,724 15,472 15,822 15,867
1,147 1,449 1,947 2,555 3,133 4,188 5,684 6,555 9,283 12,611 15,997 15,903 16,075
Financing Profit 229 255 286 335 288 329 379 942 -437 -553 -2,469 -902 -513
Financing Margin % 6% 5% 4% 4% 3% 3% 3% 5% -2% -2% -9% -3% -2%
711 1,012 1,363 1,891 2,548 3,297 4,171 4,750 5,647 6,951 6,559 7,397 7,543
Depreciation 61 75 73 98 127 157 191 212 229 278 305 321 0
Profit before tax 879 1,192 1,576 2,128 2,709 3,469 4,360 5,481 4,981 6,121 3,784 6,174 7,030
Tax % 34% 33% 33% 34% 34% 34% 34% 34% 34% 28% 25% 25%
Net Profit 577 803 1,061 1,408 1,794 2,286 2,868 3,606 3,301 4,418 2,836 4,611 5,239
EPS in Rs 12.40 17.17 20.30 26.80 33.88 38.43 47.95 60.08 54.77 63.70 36.68 59.52 67.63
Dividend Payout % 16% 13% 15% 13% 12% 12% 13% 12% 14% 0% 14% 14%
Compounded Sales Growth
10 Years: 19%
5 Years: 16%
3 Years: 11%
TTM: 7%
Compounded Profit Growth
10 Years: 19%
5 Years: 10%
3 Years: 12%
TTM: 56%
Stock Price CAGR
10 Years: 12%
5 Years: -7%
3 Years: -3%
1 Year: 7%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 10%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
466 468 523 526 529 595 598 600 603 694 773 775
Reserves 3,576 4,263 7,097 8,506 10,101 17,087 20,033 23,227 26,072 33,330 42,587 46,906
39,891 51,044 63,576 75,264 94,752 117,996 149,026 189,928 242,189 262,793 307,528 341,005
1,703 1,822 2,111 2,730 6,404 7,219 8,992 7,871 8,956 10,241 12,085 13,289
Total Liabilities 45,636 57,596 73,307 87,026 111,787 142,897 178,648 221,626 277,819 307,058 362,973 401,975
572 614 741 991 1,120 1,218 1,307 1,313 1,688 1,742 1,734 1,754
CWIP 24 43 16 25 38 37 28 25 22 78 75 95
Investments 13,551 14,572 19,654 21,563 22,878 34,054 36,702 50,077 59,266 59,980 69,695 70,971
31,489 42,367 52,896 64,447 87,751 107,587 140,611 170,211 216,843 245,257 291,469 329,155
Total Assets 45,636 57,596 73,307 87,026 111,787 142,897 178,648 221,626 277,819 307,058 362,973 401,975

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
609 -840 -486 -4,106 -1,421 -2,927 11,569 -20,700 -6,389 -12,039 44,646 16,600
-21 -141 -174 -174 -276 -258 -285 -217 -633 526 -226 -351
834 2,496 1,969 4,200 5,707 2,517 -2,768 15,505 8,590 12,733 -4,096 -4,302
Net Cash Flow 1,421 1,515 1,309 -79 4,010 -667 8,516 -5,412 1,568 1,220 40,324 11,947

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 18% 18% 17% 17% 18% 16% 15% 16% 13% 15% 7% 10%

Shareholding Pattern

Numbers in percentages

110 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
14.38 14.38 14.34 14.65 14.68 14.67 16.55 16.54 16.54 16.53 16.52 16.51
52.10 55.22 53.58 52.07 51.81 54.93 50.91 52.05 51.44 47.65 46.33 45.83
17.22 14.95 15.50 14.72 17.24 16.20 18.11 17.74 18.97 20.22 21.85 21.02
16.29 15.45 16.58 18.55 16.27 14.21 14.43 13.66 13.05 15.60 15.30 16.63

Documents

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