IndusInd Bank Ltd

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

Ratios (Q3FY21)
Capital Adequacy Ratio - 16.34%
Net Interest Margin - 4.12%
Gross NPA - 1.74%
Net NPA - 0.22%
CASA Ratio - 40%[1]

See full details
  • Market Cap 93,668 Cr.
  • Current Price 1,210
  • High / Low 1,215 / 571
  • Stock P/E 27.3
  • Book Value 562
  • Dividend Yield 0.41 %
  • ROCE 5.99 %
  • ROE 7.55 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.93%
  • Company has a low return on equity of 11.33% for last 3 years.
  • Contingent liabilities of Rs.873676.39 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 45.48% of their holding.
  • Earnings include an other income of Rs.6768.50 Cr.
  • Dividend payout has been low at 8.96% of profits over last 3 years

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Revenue 5,438 5,763 5,991 6,961 7,150 7,285 7,387 7,162 7,177 7,242 7,419 7,575
Interest 3,235 3,475 3,759 4,117 4,241 4,210 4,155 3,853 3,899 3,835 3,885 4,011
2,118 2,247 3,285 2,347 2,751 3,150 4,587 4,161 3,945 3,942 4,052 4,010
Financing Profit 85 41 -1,053 497 159 -76 -1,356 -852 -667 -536 -517 -447
Financing Margin % 2% 1% -18% 7% 2% -1% -18% -12% -9% -7% -7% -6%
Other Income 1,317 1,469 1,559 1,663 1,727 1,790 1,772 1,520 1,554 1,646 1,780 1,788
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,402 1,510 506 2,160 1,886 1,714 416 669 888 1,110 1,263 1,341
Tax % 34% 35% 29% 34% 26% 24% 24% 24% 25% 25% 27% 24%
Net Profit 920 985 360 1,433 1,401 1,309 315 510 663 830 926 1,016
EPS in Rs 15.31 16.36 5.97 23.75 20.22 18.89 4.55 7.36 8.77 10.97 11.98 13.13
Gross NPA % 1.09% 1.13% 2.10% 2.15% 2.19% 2.18% 2.45% 2.53% 2.21% 1.74% 2.67% 2.88%
Net NPA % 0.48% 0.59% 1.21% 1.23% 1.12% 1.05% 0.91% 0.86% 0.52% 0.22% 0.69% 0.84%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
Revenue 11,872 14,406 17,281 22,261 28,783 29,000 29,413
Interest 7,355 8,343 9,783 13,415 16,724 15,472 15,630
4,188 5,684 6,555 9,284 12,544 15,772 15,949
Financing Profit 329 379 942 -438 -485 -2,244 -2,166
Financing Margin % 3% 3% 5% -2% -2% -8% -7%
Other Income 3,297 4,171 4,750 5,647 6,953 6,501 6,768
Depreciation 157 191 212 229 291 328 0
Profit before tax 3,469 4,360 5,481 4,980 6,177 3,929 4,602
Tax % 34% 34% 34% 34% 28% 25%
Net Profit 2,287 2,868 3,606 3,301 4,458 2,930 3,436
EPS in Rs 38.43 47.95 60.08 54.77 64.28 37.89 44.85
Dividend Payout % 12% 13% 12% 14% 0% 13%
Compounded Sales Growth
10 Years:%
5 Years:20%
3 Years:19%
TTM:1%
Compounded Profit Growth
10 Years:%
5 Years:5%
3 Years:-7%
TTM:-3%
Stock Price CAGR
10 Years:16%
5 Years:0%
3 Years:-9%
1 Year:99%
Return on Equity
10 Years:%
5 Years:13%
3 Years:11%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
595 598 600 603 694 773
Reserves 17,088 20,034 23,228 26,073 33,371 42,722
Borrowings 117,996 149,026 189,928 242,189 262,781 307,193
7,219 8,992 7,871 8,956 10,383 12,215
Total Liabilities 142,898 178,650 221,628 277,821 307,229 362,903
1,218 1,307 1,313 1,688 1,792 1,801
CWIP 37 28 25 22 79 75
Investments 34,056 36,704 50,078 59,268 59,938 69,653
107,587 140,611 170,211 216,843 245,419 291,374
Total Assets 142,898 178,650 221,628 277,821 307,229 362,903

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-2,927 11,569 -20,700 -6,389 -12,907 44,976
-258 -285 -217 -633 1,445 -324
2,517 -2,768 15,505 8,590 12,733 -4,096
Net Cash Flow -667 8,516 -5,412 1,568 1,271 40,556

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 15% 16% 13% 15% 8%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
16.79 16.80 16.78 14.38 14.38 14.34 14.65 14.68 14.67 16.55 16.54 16.54
53.65 53.53 51.47 52.10 55.22 53.58 52.07 51.81 54.93 50.91 52.05 51.44
10.03 9.75 10.85 17.22 14.95 15.50 14.72 17.24 16.20 18.11 17.74 18.97
19.53 19.92 20.89 16.29 15.45 16.58 18.55 16.27 14.21 14.43 13.66 13.05

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