Indian Overseas Bank

About [ edit ]

Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969. #

Key Points [ edit ]
  • Market Cap 26,053 Cr.
  • Current Price 15.8
  • High / Low 20.9 / 7.05
  • Stock P/E 45.5
  • Book Value 9.83
  • Dividend Yield 0.00 %
  • ROCE 1.53 %
  • ROE -52.5 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.17% over past five years.
  • Company has a low return on equity of -41.88% for last 3 years.
  • Contingent liabilities of Rs.86349.47 Cr.
  • Earnings include an other income of Rs.4637.85 Cr.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 4,828 4,249 4,284 4,542 4,556 4,336 4,276 4,352 4,442 4,302 4,363 4,244
Interest 3,095 3,040 3,075 3,159 3,077 3,048 3,072 3,073 2,910 2,890 2,801 2,722
8,365 3,555 2,985 3,139 5,767 2,288 4,202 8,026 2,490 2,219 2,476 2,847
Financing Profit -6,632 -2,347 -1,777 -1,755 -4,288 -1,000 -2,998 -6,748 -958 -807 -914 -1,325
Financing Margin % -137% -55% -41% -39% -94% -23% -70% -155% -22% -19% -21% -31%
Other Income 987 1,078 1,065 1,146 917 670 748 846 1,095 932 1,068 1,543
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax -5,645 -1,269 -712 -609 -3,370 -330 -2,250 -5,902 137 125 154 218
Tax % 36% 28% 32% 43% 41% -4% -0% -3% -5% 3% 4% 2%
Net Profit -3,607 -919 -487 -346 -1,985 -342 -2,254 -6,075 144 121 148 213
EPS in Rs -7.37 -1.88 -1.00 -0.55 -2.17 -0.37 -2.47 -4.83 0.09 0.07 0.09 0.13
Gross NPA % 25.28% 25.64% 24.73% 23.76% 21.97% 22.53% 20.00% 17.12% 14.78% 13.90% 13.04% 12.19%
Net NPA % 15.33% 15.10% 14.34% 13.56% 10.81% 11.04% 9.84% 5.81% 5.44% 5.10% 4.30% 3.13%

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 9,641 10,246 12,101 17,889 20,677 22,684 23,938 23,517 19,719 17,915 17,631 17,406 17,350
Interest 6,772 7,078 7,893 12,873 15,425 17,107 18,554 18,135 14,529 12,448 12,352 12,103 11,323
2,527 3,140 3,655 5,288 6,351 6,762 7,262 11,443 11,728 17,573 15,142 16,706 10,032
Financing Profit 342 28 553 -272 -1,099 -1,185 -1,878 -6,060 -6,539 -12,106 -9,863 -11,404 -4,005
Financing Margin % 4% 0% 5% -2% -5% -5% -8% -26% -33% -68% -56% -66% -23%
Other Income 1,713 1,063 1,144 1,681 1,973 2,169 2,139 2,528 3,373 3,746 4,206 3,360 4,638
Depreciation 101 112 105 111 127 141 149 196 215 272 304 301 0
Profit before tax 1,954 979 1,592 1,298 747 843 111 -3,728 -3,381 -8,632 -5,961 -8,344 633
Tax % 32% 28% 33% 19% 24% 29% 508% 22% -1% 27% 37% -2%
Net Profit 1,326 707 1,073 1,050 567 602 -454 -2,897 -3,417 -6,299 -3,738 -8,527 625
EPS in Rs 17.33 13.18 6.14 4.87 -3.68 -16.03 -13.92 -12.88 -4.09 -5.19 0.38
Dividend Payout % 18% 27% 29% 34% 33% 25% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:5%
5 Years:-6%
3 Years:-4%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:105%
Stock Price CAGR
10 Years:-20%
5 Years:-12%
3 Years:-4%
1 Year:119%
Return on Equity
10 Years:-16%
5 Years:-33%
3 Years:-42%
Last Year:-52%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
545 545 619 797 924 1,235 1,235 1,807 2,455 4,891 9,142 16,437
Reserves 6,606 6,980 8,706 11,131 12,533 14,935 14,406 13,859 11,290 8,383 7,218 -282
Borrowings 110,610 119,777 164,584 202,048 225,458 252,482 264,281 251,698 227,440 226,060 228,680 228,372
3,312 3,790 4,875 5,661 5,740 6,247 5,715 7,073 5,983 8,634 4,968 16,200
Total Liabilities 121,073 131,092 178,784 219,637 244,656 274,899 285,637 274,437 247,167 247,968 250,008 260,727
1,697 1,692 1,676 1,729 1,837 2,567 2,462 3,218 3,002 2,838 3,321 3,124
CWIP 13 8 5 15 10 37 45 52 53 56 16 3
Investments 31,215 37,651 48,610 55,566 61,417 70,237 79,298 79,190 71,654 68,646 66,932 79,416
88,148 91,742 128,493 162,327 181,392 202,057 203,832 191,977 172,459 176,429 179,739 178,183
Total Assets 121,073 131,092 178,784 219,637 244,656 274,899 285,637 274,437 247,167 247,968 250,008 260,727

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
243 -1,210 -27 3,693 -607 3,278 5,941 -3,091 -505 -1,999 -786 -14,023
-90 -132 -99 -225 -401 -227 -164 -254 -135 -110 -647 -85
428 245 2,320 775 6 699 113 692 1,617 5,430 5,780 7,277
Net Cash Flow 581 -1,097 2,194 4,242 -1,003 3,750 5,890 -2,652 977 3,322 4,347 -6,831

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 21% 10% 13% 10% 4% 4% -3% -19% -23% -47% -26% -52%

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
89.74 89.74 91.99 92.52 92.52 92.52 94.56 95.84 95.84 95.84 95.84 95.84
0.51 0.51 0.41 0.27 0.28 0.30 0.21 0.18 0.12 0.07 0.08 0.07
5.92 5.92 4.64 3.18 3.07 3.06 2.25 1.66 1.66 1.56 1.65 1.59
3.83 3.83 2.96 4.04 4.14 4.12 2.98 2.32 2.38 2.53 2.43 2.50

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