Indian Overseas Bank
Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969. [1]
- Market Cap ₹ 51,415 Cr.
- Current Price ₹ 27.2
- High / Low ₹ 36.7 / 15.2
- Stock P/E 27.1
- Book Value ₹ 12.2
- Dividend Yield 0.00 %
- ROCE 4.44 %
- ROE 8.55 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.1% CAGR over last 5 years
- Company's working capital requirements have reduced from 186 days to 124 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.23% over past five years.
- Tax rate seems low
- Company has a low return on equity of -11.4% over last 3 years.
- Contingent liabilities of Rs.115,168 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.4,418 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 - Public Sector
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 12,101 | 17,889 | 20,677 | 22,684 | 23,938 | 23,517 | 19,719 | 17,915 | 17,631 | 17,406 | 16,966 | 16,730 | 17,565 |
Interest | 7,893 | 12,873 | 15,425 | 17,107 | 18,554 | 18,135 | 14,529 | 12,448 | 12,352 | 12,103 | 11,067 | 10,419 | 10,676 |
3,655 | 5,288 | 6,351 | 6,762 | 7,262 | 11,443 | 11,728 | 17,573 | 15,142 | 16,706 | 10,360 | 9,263 | 9,343 | |
Financing Profit | 553 | -272 | -1,099 | -1,185 | -1,878 | -6,060 | -6,539 | -12,106 | -9,863 | -11,404 | -4,461 | -2,952 | -2,454 |
Financing Margin % | 5% | -2% | -5% | -5% | -8% | -26% | -33% | -68% | -56% | -66% | -26% | -18% | -14% |
1,144 | 1,681 | 1,973 | 2,169 | 2,139 | 2,528 | 3,373 | 3,746 | 4,206 | 3,360 | 5,559 | 4,903 | 4,418 | |
Depreciation | 105 | 111 | 127 | 141 | 149 | 196 | 215 | 272 | 304 | 301 | 258 | 172 | 0 |
Profit before tax | 1,592 | 1,298 | 747 | 843 | 111 | -3,728 | -3,381 | -8,632 | -5,961 | -8,344 | 840 | 1,779 | 1,964 |
Tax % | 33% | 19% | 24% | 29% | 508% | 22% | -1% | 27% | 37% | -2% | 1% | 4% | |
Net Profit | 1,073 | 1,050 | 567 | 602 | -454 | -2,897 | -3,417 | -6,299 | -3,738 | -8,527 | 831 | 1,710 | 1,900 |
EPS in Rs | 17.33 | 13.18 | 6.14 | 4.87 | -3.68 | -16.03 | -13.92 | -12.88 | -4.09 | -5.19 | 0.51 | 0.90 | 1.01 |
Dividend Payout % | 29% | 34% | 33% | 25% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -3% |
3 Years: | -2% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 20% |
3 Years: | 35% |
TTM: | 50% |
Stock Price CAGR | |
---|---|
10 Years: | -10% |
5 Years: | 4% |
3 Years: | 38% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | -14% |
5 Years: | -20% |
3 Years: | -11% |
Last Year: | 9% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
619 | 797 | 924 | 1,235 | 1,235 | 1,807 | 2,455 | 4,891 | 9,142 | 16,437 | 16,437 | 18,902 | |
Reserves | 8,706 | 11,131 | 12,533 | 14,935 | 14,406 | 13,859 | 11,290 | 8,383 | 7,218 | -282 | 508 | 4,098 |
164,584 | 202,048 | 225,458 | 252,482 | 264,281 | 251,698 | 227,440 | 226,060 | 228,680 | 228,372 | 243,960 | 265,230 | |
4,875 | 5,661 | 5,740 | 6,247 | 5,715 | 7,073 | 5,983 | 8,634 | 4,968 | 16,200 | 13,106 | 11,147 | |
Total Liabilities | 178,784 | 219,637 | 244,656 | 274,899 | 285,637 | 274,437 | 247,167 | 247,968 | 250,008 | 260,727 | 274,010 | 299,377 |
1,676 | 1,729 | 1,837 | 2,567 | 2,462 | 3,218 | 3,002 | 2,838 | 3,321 | 3,124 | 2,918 | 3,365 | |
CWIP | 5 | 15 | 10 | 37 | 45 | 52 | 53 | 56 | 16 | 3 | 1 | 0 |
Investments | 48,610 | 55,566 | 61,417 | 70,237 | 79,298 | 79,190 | 71,654 | 68,646 | 66,932 | 79,416 | 95,494 | 98,179 |
128,493 | 162,327 | 181,392 | 202,057 | 203,832 | 191,977 | 172,459 | 176,429 | 179,739 | 178,183 | 175,597 | 197,833 | |
Total Assets | 178,784 | 219,637 | 244,656 | 274,899 | 285,637 | 274,437 | 247,167 | 247,968 | 250,008 | 260,727 | 274,010 | 299,377 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-27 | 3,693 | -607 | 3,278 | 5,941 | -3,091 | -505 | -1,999 | -786 | -14,023 | 4,949 | 5,566 | |
-99 | -225 | -401 | -227 | -164 | -254 | -135 | -110 | -647 | -85 | -46 | -48 | |
2,320 | 775 | 6 | 699 | 113 | 692 | 1,617 | 5,430 | 5,780 | 7,277 | 1,813 | 479 | |
Net Cash Flow | 2,194 | 4,242 | -1,003 | 3,750 | 5,890 | -2,652 | 977 | 3,322 | 4,347 | -6,831 | 6,716 | 5,997 |
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 % | 13% | 10% | 4% | 4% | -3% | -19% | -23% | -47% | -26% | -52% | 5% | 9% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Jan
- Announcement under Regulation 30 (LODR)-Interest Rates Updates 9 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for Quarter ended 31.12.2022
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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Oct 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
Ratios
Capital Adequacy Ratio - 11.49%[1]
Net Interest Margin - 2.17%[2]
Gross NPA - 12.19%
Net NPA - 3.13%[1]
CASA Ratio - 40.93%[2]