Indian Overseas Bank

₹ 27.2 -4.90%
27 Jan - close price
About

Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969. [1]

Key Points

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]

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Revenue 4,276 4,352 4,442 4,302 4,363 4,244 4,057 4,063 4,254 4,198 4,215 4,435 4,718
Interest 3,072 3,073 2,910 2,890 2,801 2,722 2,654 2,567 2,622 2,626 2,605 2,681 2,764
4,202 8,026 2,490 2,219 2,476 2,847 3,076 2,255 2,086 2,296 2,514 1,951 2,582
Financing Profit -2,998 -6,748 -958 -807 -914 -1,325 -1,673 -758 -453 -724 -904 -197 -629
Financing Margin % -70% -155% -22% -19% -21% -31% -41% -19% -11% -17% -21% -4% -13%
748 846 1,095 932 1,068 1,543 2,016 1,092 836 1,186 1,504 593 1,135
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -2,250 -5,902 137 125 154 218 344 334 383 462 600 396 506
Tax % -0% -3% -5% 3% 4% 2% -2% 2% 2% 2% 8% 1% 1%
Net Profit -2,254 -6,075 144 121 148 213 350 327 376 454 552 392 501
EPS in Rs -2.47 -4.83 0.09 0.07 0.09 0.13 0.21 0.17 0.20 0.24 0.29 0.21 0.27
Gross NPA % 20.00% 17.12% 14.78% 13.90% 13.04% 12.19% 11.69% 11.48% 10.66% 10.40% 9.82% 9.12% 8.53%
Net NPA % 9.84% 5.81% 5.44% 5.10% 4.30% 3.13% 3.58% 3.15% 2.77% 2.63% 2.65% 2.43% 2.56%
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 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%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
95.84 95.84 95.84 95.84 95.84 96.38 96.38 96.38 96.38 96.38 96.38 96.38
0.18 0.12 0.07 0.08 0.07 0.05 0.08 0.07 0.08 0.07 0.08 0.10
1.66 1.66 1.56 1.65 1.59 1.37 1.30 1.31 1.31 1.33 1.34 1.36
2.32 2.38 2.53 2.43 2.50 2.20 2.24 2.24 2.23 2.21 2.19 2.16

* 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.

Click on the line-items to see the names of individual entities.

Documents

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