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 ₹ 1,26,249 Cr.
- Current Price ₹ 66.8
- High / Low ₹ 83.8 / 23.6
- Stock P/E 50.3
- Book Value ₹ 13.2
- Dividend Yield 0.00 %
- ROCE 4.54 %
- ROE 8.86 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.07 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.2,15,627 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.4,622 Cr.
- Working capital days have increased from 135 days to 196 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| Revenue | 3,171 | 16,976 | 16,736 | 19,407 | 22,627 |
| Interest | 2,203 | 11,069 | 10,419 | 11,146 | 13,276 |
| 1,273 | 10,367 | 9,270 | 9,763 | 10,855 | |
| Financing Profit | -305 | -4,461 | -2,954 | -1,503 | -1,504 |
| Financing Margin % | -10% | -26% | -18% | -8% | -7% |
| 536 | 5,486 | 4,905 | 4,116 | 4,622 | |
| Depreciation | -0 | 258 | 173 | 260 | 0 |
| Profit before tax | 231 | 767 | 1,779 | 2,353 | 3,118 |
| Tax % | -0% | 1% | 4% | 11% | |
| 231 | 758 | 1,709 | 2,104 | 2,511 | |
| EPS in Rs | 0.46 | 0.90 | 1.11 | 1.33 | |
| Dividend Payout % | 23% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 35% |
| 3 Years: | 61% |
| 1 Year: | 170% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Equity Capital | 445 | 16,647 | 18,902 | 18,902 |
| Reserves | 654 | 452 | 3,695 | 5,974 |
| 31,989 | 244,024 | 265,284 | 281,777 | |
| 2,389 | 13,106 | 11,148 | 6,796 | |
| Total Liabilities | 35,477 | 274,229 | 299,030 | 313,450 |
| 387 | 2,918 | 3,366 | 3,711 | |
| CWIP | -0 | 1 | 0 | 0 |
| Investments | 15,015 | 95,485 | 97,641 | 93,643 |
| 20,075 | 175,825 | 198,023 | 216,097 | |
| Total Assets | 35,477 | 274,229 | 299,030 | 313,450 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 4,949 | 5,539 | -15,584 | ||
| -46 | -49 | -560 | ||
| 1,813 | 479 | 13 | ||
| Net Cash Flow | 6,716 | 5,969 | -16,130 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| ROE % | 9% | 9% |
Documents
Announcements
- Board Meeting Outcome for Capital Raising Plan For The FY 2024-25 22 Apr
- Board Meeting Intimation for Approval Of Capital Raising Plan Of The Bank For The FY 2024-25 16 Apr
- Compliance Certificate As per Regulation 40(9) ,40 (10) & 40 (11) Of The SEBI (LODR) Regulations, 2015 For The Period From 01.04.2023 To 31.03.2024 15 Apr
- Disclosure In Terms Of The SEBI Operational Circular For Issue And Listing Of Non-Convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities And Commercial Paper Dated August 10, 2021 - Chapter XIV Centralized Database For Corporate Bonds/Debentures. 15 Apr
- Disclosure Under Regulation 31(4) AND 31(5) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 15 Apr
Annual reports
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Financial Year 2023
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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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Concalls
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Jan 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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]