Axis Bank Ltd

Axis Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Axis Bank Ltd

₹ 1,136 0.34%
29 Nov - close price
axisbank.com BSE: 532215 NSE: AXISBANK
About

Incorporated in December 1993, Axis Bank Limited is a private sector bank.It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City.[1]

Key Points

Market Leadership
- 3rd largest private sector bank in India [1]
- 4th largest issuer of credit cards [2]
- 19.8% market share in FY24 [3]

Website BSE NSE
  • Market Cap ₹ 3,51,629 Cr.
  • Current Price ₹ 1,136
  • High / Low ₹ 1,340 / 996
  • Stock P/E 13.4
  • Book Value ₹ 489
  • Dividend Yield 0.09 %
  • ROCE 6.92 %
  • ROE 18.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 39.6% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.29%
  • Company has a low return on equity of 12.9% over last 3 years.
  • Contingent liabilities of Rs.19,82,518 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.24,826 Cr.
  • Promoter holding has decreased over last 3 years: -3.35%

* 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 - Private Sector

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 16,336 17,261 17,776 18,729 20,239 22,226 23,970 25,557 26,626 27,961 29,225 30,061 30,420
Interest 8,436 8,609 8,957 9,345 9,879 10,767 12,228 13,598 14,312 15,429 16,136 16,612 16,937
7,506 7,666 7,564 6,785 7,049 8,191 7,668 9,267 9,531 9,974 10,504 11,165 11,697
Financing Profit 395 986 1,255 2,599 3,311 3,268 4,074 2,692 2,783 2,558 2,585 2,283 1,787
Financing Margin % 2% 6% 7% 14% 16% 15% 17% 11% 10% 9% 9% 8% 6%
3,798 3,840 4,223 2,928 3,855 4,572 -7,702 5,087 5,034 5,555 6,766 5,783 6,722
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 4,193 4,827 5,479 5,528 7,166 7,840 -3,628 7,779 7,817 8,113 9,350 8,067 8,508
Tax % 25% 25% 25% 25% 26% 25% 58% 25% 25% 25% 24% 25% 19%
3,133 3,614 4,118 4,125 5,330 5,853 -5,728 5,797 5,864 6,071 7,130 6,035 6,918
EPS in Rs 10.22 11.78 13.41 13.43 17.35 19.03 -18.62 18.82 19.03 19.69 23.10 19.53 22.36
Gross NPA % 3.53% 3.17% 2.82% 2.76% 2.50% 2.38% 2.02% 1.96% 1.73% 1.58% 1.43% 1.54% 1.44%
Net NPA % 1.08% 0.91% 0.73% 0.64% 0.51% 0.47% 0.39% 0.41% 0.36% 0.36% 0.31% 0.34% 0.34%
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 TTM
Revenue 27,183 30,641 35,479 40,988 44,542 45,780 54,986 62,635 63,346 67,377 85,164 109,369 117,666
Interest 17,516 18,690 21,254 24,155 26,449 27,163 33,278 37,429 34,107 34,245 42,218 59,474 65,114
8,313 9,644 11,127 13,367 23,808 28,895 27,155 35,066 31,749 29,962 29,089 37,943 43,340
Financing Profit 1,353 2,307 3,097 3,466 -5,715 -10,277 -5,447 -9,859 -2,510 3,170 13,857 11,952 9,213
Financing Margin % 5% 8% 9% 8% -13% -22% -10% -16% -4% 5% 16% 11% 8%
6,551 7,405 8,365 9,371 11,691 10,967 13,130 15,537 12,264 15,221 16,143 22,442 24,826
Depreciation 352 364 406 444 509 568 710 773 948 1,008 13,094 1,334 0
Profit before tax 7,553 9,349 11,057 12,394 5,468 122 6,974 4,904 8,806 17,383 16,906 33,060 34,039
Tax % 31% 33% 33% 34% 33% -127% 33% 67% 25% 25% 43% 25%
5,179 6,218 7,358 8,224 3,679 276 4,677 1,627 6,588 13,025 9,580 24,861 26,153
EPS in Rs 22.14 26.47 31.04 34.51 15.36 1.07 18.19 5.77 21.50 42.43 31.13 80.55 84.68
Dividend Payout % 16% 15% 15% 14% 33% 0% 6% 0% 0% 2% 3% 1%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 20%
TTM: 20%
Compounded Profit Growth
10 Years: 15%
5 Years: 40%
3 Years: 56%
TTM: 18%
Stock Price CAGR
10 Years: 9%
5 Years: 9%
3 Years: 19%
1 Year: 3%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 13%
Last Year: 18%

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 468 470 474 477 479 513 514 564 613 614 615 617
Reserves 32,640 37,751 44,202 52,688 55,284 62,932 66,162 84,384 100,990 114,560 124,801 150,444
296,565 331,236 402,200 466,548 519,410 601,639 701,247 788,059 840,858 1,007,105 1,133,245 1,265,453
10,888 13,789 15,056 20,108 26,295 26,245 33,073 42,158 44,336 53,149 58,664 60,694
Total Liabilities 340,561 383,245 461,932 539,821 601,468 691,330 800,997 915,165 986,798 1,175,429 1,317,326 1,477,209
2,231 2,311 2,413 3,316 3,466 3,626 3,764 3,839 4,135 4,363 4,597 5,442
CWIP 125 100 101 207 281 346 273 474 110 209 136 242
Investments 113,738 113,548 117,550 131,524 128,793 153,876 174,969 156,734 226,120 275,597 288,815 331,527
224,467 267,286 341,868 404,774 468,927 533,482 621,991 754,118 756,433 895,259 1,023,777 1,139,997
Total Assets 340,561 383,245 461,932 539,821 601,468 691,330 800,997 915,165 986,798 1,175,429 1,317,326 1,477,209

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
2,719 16,703 -16,708 -19,183 34,192 -46,949 37,567 29,613 13,583 33,951 26,902 6,461
-10,993 -14,389 -4,278 -5,473 -12,633 -10,253 -18,749 -9,668 -54,180 -27,232 -32,718 -9,178
14,775 5,490 28,846 21,883 -4,629 50,401 4,931 10,118 5,059 42,538 1,239 10,761
Net Cash Flow 6,501 7,804 7,860 -2,774 16,931 -6,801 23,750 30,064 -35,538 49,257 -4,576 8,044

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 % 19% 17% 18% 17% 7% 0% 7% 2% 7% 12% 8% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
9.71% 9.70% 9.70% 9.69% 8.19% 8.16% 8.19% 8.22% 8.20% 8.22% 8.31% 8.29%
47.44% 46.93% 46.58% 46.12% 49.45% 49.05% 52.00% 53.00% 54.68% 53.84% 53.43% 51.78%
30.21% 30.50% 31.47% 32.26% 31.51% 32.01% 29.91% 29.03% 28.83% 30.12% 31.63% 33.21%
12.64% 12.87% 12.25% 11.95% 10.83% 10.79% 9.91% 9.76% 8.27% 7.81% 6.63% 6.71%
No. of Shareholders 8,52,5148,13,5309,16,5638,50,8068,09,8058,46,2618,01,2097,85,6017,85,5027,86,1667,69,6518,28,629

* 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.

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