Indian Overseas Bank

Indian Overseas Bank

₹ 67.2 -0.31%
14 Jun - 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 ( Updated 28th , Oct 2022)
Capital Adequacy Ratio - 14.79%[1]
Net Interest Margin - 2.53%[2]
Gross NPA - 9.12%
Net NPA - 2.43%[3]
CASA Ratio - 43.07%[4]

  • Market Cap 1,27,043 Cr.
  • Current Price 67.2
  • High / Low 83.8 / 23.6
  • Stock P/E 47.9
  • Book Value 14.8
  • Dividend Yield 0.00 %
  • ROCE 5.41 %
  • ROE 9.98 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 21.9% CAGR over last 5 years

Cons

  • Stock is trading at 4.55 times its book value
  • 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 6.41% over past five years.
  • Company has a low return on equity of 9.14% over last 3 years.
  • Contingent liabilities of Rs.2,14,760 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.5,656 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

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 4,057 4,063 4,254 4,198 4,215 4,435 4,718 5,056 5,192 5,424 5,821 6,176 6,629
Interest 2,654 2,567 2,622 2,626 2,605 2,681 2,764 2,784 2,916 3,102 3,475 3,778 3,866
3,076 2,255 2,086 2,230 2,514 1,951 2,582 2,662 2,820 2,618 2,827 2,581 4,047
Financing Profit -1,673 -758 -453 -657 -904 -197 -629 -390 -544 -296 -481 -183 -1,284
Financing Margin % -41% -19% -11% -16% -21% -4% -13% -8% -10% -5% -8% -3% -19%
2,016 1,092 836 1,120 1,504 593 1,135 950 1,430 803 1,114 1,262 2,477
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 344 334 383 462 600 396 506 560 886 507 633 1,079 1,193
Tax % -2% 2% 2% 2% 8% 1% 1% 1% 27% 1% 1% 33% 32%
350 327 376 454 552 392 501 555 650 500 625 723 808
EPS in Rs 0.21 0.17 0.20 0.24 0.29 0.21 0.27 0.29 0.34 0.26 0.33 0.38 0.43
Gross NPA % 11.69% 11.48% 10.66% 10.40% 9.82% 9.12% 8.53% 8.19% 7.44% 7.13% 4.74% 3.90% 3.10%
Net NPA % 3.58% 3.15% 2.77% 2.63% 2.65% 2.43% 2.56% 2.43% 1.83% 1.44% 0.68% 0.62% 0.57%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 20,677 22,684 23,938 23,517 19,719 17,915 17,631 17,406 16,966 16,730 19,400 24,050
Interest 15,425 17,107 18,554 18,135 14,529 12,448 12,352 12,103 11,067 10,419 11,145 14,220
6,351 6,762 7,262 11,443 11,728 17,573 15,142 16,706 10,360 9,263 9,756 11,737
Financing Profit -1,099 -1,185 -1,878 -6,060 -6,539 -12,106 -9,863 -11,404 -4,461 -2,952 -1,501 -1,908
Financing Margin % -5% -5% -8% -26% -33% -68% -56% -66% -26% -18% -8% -8%
1,973 2,169 2,139 2,528 3,373 3,746 4,206 3,360 5,559 4,903 4,109 5,656
Depreciation 127 141 149 196 215 272 304 301 258 172 260 336
Profit before tax 747 843 111 -3,728 -3,381 -8,632 -5,961 -8,344 840 1,779 2,348 3,413
Tax % 24% 29% 508% 22% -1% 27% 37% -2% 1% 4% 11% 22%
567 602 -454 -2,897 -3,417 -6,299 -3,738 -8,527 831 1,710 2,099 2,656
EPS in Rs 6.14 4.87 -3.68 -16.03 -13.92 -12.88 -4.09 -5.19 0.51 0.90 1.11 1.40
Dividend Payout % 33% 25% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 6%
3 Years: 12%
TTM: 24%
Compounded Profit Growth
10 Years: 16%
5 Years: 22%
3 Years: 47%
TTM: 27%
Stock Price CAGR
10 Years: -1%
5 Years: 43%
3 Years: 51%
1 Year: 180%
Return on Equity
10 Years: -10%
5 Years: -1%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 924 1,235 1,235 1,807 2,455 4,891 9,142 16,437 16,437 18,902 18,902 18,902
Reserves 12,533 14,935 14,406 13,859 11,290 8,383 7,218 -282 508 4,098 6,361 9,040
225,458 252,482 264,281 251,698 227,440 226,060 228,680 228,372 243,960 265,230 281,687 316,293
5,740 6,247 5,715 7,073 5,983 8,634 4,968 16,200 13,106 11,147 6,784 7,799
Total Liabilities 244,656 274,899 285,637 274,437 247,167 247,968 250,008 260,727 274,010 299,377 313,734 352,034
1,837 2,567 2,462 3,218 3,002 2,838 3,321 3,124 2,918 3,365 3,710 3,725
CWIP 10 37 45 52 53 56 16 3 1 0 0 14
Investments 61,417 70,237 79,298 79,190 71,654 68,646 66,932 79,416 95,494 98,179 94,170 99,632
181,392 202,057 203,832 191,977 172,459 176,429 179,739 178,183 175,597 197,833 215,854 248,662
Total Assets 244,656 274,899 285,637 274,437 247,167 247,968 250,008 260,727 274,010 299,377 313,734 352,034

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-607 3,278 5,941 -3,091 -505 -1,999 -786 -14,023 4,949 5,566 -15,619 -1,165
-401 -227 -164 -254 -135 -110 -647 -85 -46 -48 -559 -359
6 699 113 692 1,617 5,430 5,780 7,277 1,813 479 13 -528
Net Cash Flow -1,003 3,750 5,890 -2,652 977 3,322 4,347 -6,831 6,716 5,997 -16,166 -2,052

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 4% 4% -3% -19% -23% -47% -26% -52% 5% 9% 9% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
96.38% 96.38% 96.38% 96.38% 96.38% 96.38% 96.38% 96.38% 96.38% 96.38% 96.38% 96.38%
0.05% 0.08% 0.07% 0.08% 0.07% 0.08% 0.10% 0.14% 0.09% 0.15% 0.03% 0.05%
1.37% 1.30% 1.31% 1.31% 1.33% 1.34% 1.36% 1.35% 1.33% 1.33% 1.29% 1.29%
2.20% 2.24% 2.24% 2.23% 2.21% 2.19% 2.16% 2.11% 2.20% 2.13% 2.28% 2.28%
No. of Shareholders 4,23,6544,44,0684,71,8724,73,8974,74,9394,71,3565,11,6425,09,5995,10,3876,68,1777,27,34810,06,185

* 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.

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