IndusInd Bank Ltd

IndusInd Bank Ltd

₹ 1,427 -0.40%
22 Jul 2:03 p.m.
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 1,11,105 Cr.
  • Current Price 1,427
  • High / Low 1,694 / 1,354
  • Stock P/E 12.4
  • Book Value 709
  • Dividend Yield 1.16 %
  • ROCE 8.43 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 22.2% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.8%
  • Company has a low return on equity of 13.9% over last 3 years.
  • Contingent liabilities of Rs.12,98,014 Cr.
  • Promoters have pledged 45.5% of their holding.
  • Earnings include an other income of Rs.9,396 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 - Private 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 7,419 7,575 7,650 7,737 7,860 8,182 8,708 9,457 10,021 10,730 11,248 11,572 12,199
Interest 3,885 4,011 3,992 3,944 3,875 4,057 4,406 4,962 5,351 5,863 6,171 6,277 6,822
4,052 3,946 3,984 4,012 3,970 3,877 3,910 3,950 4,096 4,237 4,424 4,618 4,753
Financing Profit -517 -382 -326 -219 15 248 392 545 574 630 653 677 623
Financing Margin % -7% -5% -4% -3% 0% 3% 4% 6% 6% 6% 6% 6% 5%
1,780 1,723 1,841 1,877 1,903 1,932 2,011 2,076 2,154 2,210 2,282 2,396 2,508
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,263 1,341 1,515 1,658 1,918 2,180 2,403 2,622 2,727 2,840 2,935 3,073 3,131
Tax % 27% 24% 24% 25% 27% 25% 25% 25% 25% 25% 25% 25% 25%
926 1,016 1,147 1,242 1,401 1,631 1,805 1,964 2,043 2,124 2,202 2,301 2,349
EPS in Rs 11.98 13.13 14.81 16.03 18.08 21.04 23.29 25.32 26.34 27.38 28.34 29.59 30.18
Gross NPA % 2.67% 2.88% 2.77% 2.48% 2.27% 2.35% 2.11% 2.06% 1.98% 1.94% 1.93% 1.92% 1.92%
Net NPA % 0.69% 0.84% 0.80% 0.71% 0.64% 0.67% 0.61% 0.62% 0.59% 0.58% 0.57% 0.57% 0.57%
Raw PDF
Upcoming result date: 26 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 11,872 14,406 17,281 22,261 28,783 29,000 30,822 36,368 45,748
Interest 7,355 8,343 9,783 13,415 16,724 15,472 15,822 18,776 25,132
4,188 5,684 6,555 9,284 12,544 15,772 15,561 15,425 18,032
Financing Profit 329 379 942 -438 -485 -2,244 -560 2,167 2,583
Financing Margin % 3% 3% 5% -2% -2% -8% -2% 6% 6%
3,297 4,171 4,750 5,647 6,953 6,501 7,345 8,173 9,396
Depreciation 157 191 212 229 291 328 352 407 0
Profit before tax 3,469 4,360 5,481 4,980 6,177 3,929 6,433 9,932 11,979
Tax % 34% 34% 34% 34% 28% 25% 25% 25% 25%
2,287 2,868 3,606 3,301 4,458 2,930 4,805 7,444 8,977
EPS in Rs 38.43 47.95 60.08 54.77 64.28 37.89 62.03 95.93 115.34
Dividend Payout % 12% 13% 12% 14% 0% 13% 14% 15% 14%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 16%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: 45%
TTM: 21%
Stock Price CAGR
10 Years: 10%
5 Years: 1%
3 Years: 13%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 14%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 595 598 600 603 694 773 775 776
Reserves 17,102 20,049 23,243 26,085 34,054 42,727 47,252 54,229
117,996 149,026 189,928 242,189 262,781 307,193 340,673 385,131
7,205 8,976 7,856 8,944 9,700 12,210 13,268 17,701
Total Liabilities 142,898 178,650 221,628 277,821 307,229 362,903 401,967 457,837
1,218 1,307 1,313 1,688 1,792 1,801 1,834 1,944
CWIP 37 28 25 22 79 75 95 135
Investments 34,056 36,704 50,078 59,268 59,938 69,653 70,930 83,076
107,587 140,611 170,211 216,843 245,419 291,374 329,109 372,682
Total Assets 142,898 178,650 221,628 277,821 307,229 362,903 401,967 457,837

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2,927 11,569 -20,700 -6,389 -12,907 44,976 16,672 -12,442 -16,925
-258 -285 -217 -633 1,445 -324 -395 -481 -711
2,517 -2,768 15,505 8,590 12,733 -4,096 -4,302 1,115 -2,242
Net Cash Flow -667 8,516 -5,412 1,568 1,271 40,556 11,975 -11,808 -19,878

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 15% 16% 13% 15% 7% 10% 14%

Shareholding Pattern

Numbers in percentages

70 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
16.54% 16.53% 16.52% 16.51% 16.51% 16.51% 16.50% 16.49% 16.47% 16.45% 16.40% 16.38%
51.44% 47.65% 46.33% 45.83% 46.97% 44.79% 42.16% 42.34% 41.48% 42.47% 40.25% 38.40%
18.97% 20.22% 21.85% 21.02% 22.24% 24.63% 26.54% 26.22% 28.17% 26.21% 28.09% 29.69%
0.00% 0.00% 0.00% 0.00% 0.37% 0.37% 0.37% 0.37% 0.37% 0.36% 0.37% 0.37%
13.05% 15.60% 15.30% 16.63% 13.93% 13.70% 14.45% 14.59% 13.50% 14.52% 14.90% 15.16%
No. of Shareholders 3,38,4964,71,8154,43,1124,31,0313,58,2513,45,1373,78,3033,64,2903,60,0273,59,6883,98,1814,17,359

* 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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