Federal Bank Ltd

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

Federal Bank Ltd

₹ 211 1.98%
21 Nov 4:00 p.m.
federalbank.co.in BSE: 500469 NSE: FEDERALBNK
About

The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.[1].It is the second-largest bank and the largest private sector bank in Kerala[2]

Key Points

Ratios 9MFY24
Capital Adequacy Ratio - 15.02%[1]
Net Interest Margin - 3.19%[2]
Gross NPA - 2.29%
Net NPA - 0.64%[3]
CASA Ratio - 30.63%[4]

Website BSE NSE
  • Market Cap ₹ 51,707 Cr.
  • Current Price ₹ 211
  • High / Low ₹ 211 / 139
  • Stock P/E 12.5
  • Book Value ₹ 124
  • Dividend Yield 0.58 %
  • ROCE 6.93 %
  • ROE 14.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 24.3% CAGR over last 5 years
  • Company's working capital requirements have reduced from 211 days to 141 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.9% over last 3 years.
  • Contingent liabilities of Rs.1,09,248 Cr.
  • Company might be capitalizing the interest cost

* 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 500 BSE 100 BSE 200 BSE Dollex 200 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 3,566 3,604 3,686 3,843 4,259 4,698 5,012 5,350 5,791 6,085 6,339 6,728 7,006
Interest 1,959 1,970 2,030 2,104 2,349 2,585 2,938 3,255 3,544 3,760 3,936 4,212 4,393
1,445 1,431 1,363 1,351 1,541 1,544 1,574 1,634 1,661 1,814 1,917 2,048 2,149
Financing Profit 162 203 294 388 369 569 500 461 586 511 486 468 463
Financing Margin % 5% 6% 8% 10% 9% 12% 10% 9% 10% 8% 8% 7% 7%
494 521 484 475 628 565 768 741 757 908 810 936 1,010
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 657 725 778 863 997 1,134 1,269 1,202 1,343 1,420 1,296 1,404 1,473
Tax % 26% 25% 25% 26% 26% 25% 26% 26% 26% 25% 25% 26% 25%
493 544 599 645 745 856 964 894 1,007 1,067 996 1,047 1,115
EPS in Rs 2.31 2.57 2.79 3.02 3.48 3.99 4.51 4.16 4.23 4.26 3.99 4.20 4.47
Gross NPA % 3.22% 3.10% 2.78% 2.67% 2.45% 2.42% 2.35% 2.37% 2.27% 2.28% 2.11%
Net NPA % 1.15% 1.11% 0.98% 0.96% 0.82% 0.77% 0.73% 0.74% 0.68% 0.68% 0.63%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 6,246 7,006 7,488 7,826 8,783 9,915 11,635 13,590 14,314 14,382 17,812 23,565 26,158
Interest 4,209 4,728 5,056 5,259 5,653 6,226 7,316 8,678 8,435 7,959 9,975 14,495 16,301
1,410 1,664 1,701 2,529 2,749 3,331 3,572 4,608 5,527 5,758 5,828 6,792 7,927
Financing Profit 628 614 731 38 382 358 747 304 352 664 2,009 2,278 1,929
Financing Margin % 10% 9% 10% 0% 4% 4% 6% 2% 2% 5% 11% 10% 7%
665 685 879 808 1,084 1,160 1,335 1,882 1,972 2,121 2,436 3,216 3,664
Depreciation 82 98 79 108 124 125 122 126 115 139 182 234 0
Profit before tax 1,210 1,202 1,530 739 1,342 1,393 1,960 2,060 2,209 2,646 4,263 5,261 5,593
Tax % 30% 31% 34% 34% 36% 35% 35% 25% 25% 26% 26% 25%
853 850 1,058 486 867 935 1,318 1,590 1,680 1,996 3,210 3,964 4,226
EPS in Rs 4.98 4.97 6.17 2.83 5.03 4.74 6.63 7.93 8.34 9.37 14.95 15.93 16.92
Dividend Payout % 18% 20% 18% 25% 18% 21% 21% 0% 8% 19% 7% 8%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 18%
TTM: 25%
Compounded Profit Growth
10 Years: 16%
5 Years: 24%
3 Years: 33%
TTM: 12%
Stock Price CAGR
10 Years: 11%
5 Years: 19%
3 Years: 31%
1 Year: 42%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 171 171 171 344 345 394 397 399 399 421 423 487
Reserves 6,093 6,690 7,529 7,720 8,607 11,880 13,101 14,424 16,105 18,835 21,699 29,618
62,850 65,497 73,216 84,407 104,008 124,299 143,585 164,780 184,457 201,265 238,850 277,615
1,879 2,286 1,993 2,234 2,527 2,640 3,469 3,751 4,006 5,721 7,031 10,119
Total Liabilities 70,993 74,643 82,909 94,706 115,486 139,214 160,552 183,353 204,967 226,241 268,004 317,839
412 414 446 508 477 452 462 477 504 643 890 996
CWIP 2 23 27 16 15 10 18 28 13 29 81 67
Investments 20,854 23,839 20,349 24,920 27,912 30,595 31,676 35,715 36,732 39,065 48,702 61,043
49,724 50,368 62,087 69,262 87,081 108,158 128,397 147,133 167,717 186,504 218,330 255,733
Total Assets 70,993 74,643 82,909 94,706 115,486 139,214 160,552 183,353 204,967 226,241 268,004 317,839

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,880 1,197 5,158 -1,557 3,431 -5,051 7,873 3,731 11,179 -7,774 489 6,431
-3,487 -737 -1,364 1,990 -2,384 -1,579 -3,378 -4,688 -3,913 901 -9,860 -8,912
795 349 -3,544 205 985 8,371 -3,637 3,661 -208 8,193 6,038 3,871
Net Cash Flow 188 808 250 639 2,032 1,741 858 2,704 7,058 1,320 -3,332 1,390

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 14% 13% 15% 6% 10% 9% 10% 11% 11% 11% 15% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
25.23% 26.01% 26.20% 26.40% 27.72% 26.94% 26.27% 27.02% 29.38% 28.57% 28.63% 27.72%
41.66% 43.25% 42.12% 44.22% 42.33% 43.66% 42.11% 45.74% 44.39% 45.16% 44.97% 46.95%
33.11% 30.74% 31.68% 29.38% 29.96% 29.41% 31.61% 27.25% 26.23% 26.28% 26.40% 25.32%
No. of Shareholders 7,79,3037,23,6237,54,4886,90,7527,07,1577,36,6748,09,3977,82,9007,96,9598,70,0108,55,8878,51,199

* 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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