IndusInd Bank Ltd

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

IndusInd Bank Ltd

₹ 981 -1.87%
21 Nov - close price
indusind.com BSE: 532187 NSE: INDUSINDBK
About

IndusInd Bank Limited was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.[1]

Key Points

India's First Private Bank
Indusind bank was the first Private sector bank in India set up in Mumbai in April 1994. Indusind Bank Ltd India was started under the chairmanship of Srichand P Hinduja, the head of the Hinduja Group of Companies with the primary objective of serving the NRI community. [1]

Website BSE NSE
  • Market Cap ₹ 76,458 Cr.
  • Current Price ₹ 981
  • High / Low ₹ 1,694 / 966
  • Stock P/E 9.38
  • Book Value ₹ 812
  • Dividend Yield 1.68 %
  • ROCE 7.93 %
  • ROE 15.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 22.2% CAGR over last 5 years
  • Company's working capital requirements have reduced from 60.2 days to 40.0 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.8%
  • Company has a low return on equity of 13.6% over last 3 years.
  • Contingent liabilities of Rs.16,75,083 Cr.
  • Promoters have pledged 45.5% of their holding.

* 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

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 7,650 7,737 7,860 8,182 8,708 9,457 10,021 10,730 11,248 11,572 12,199 12,547 12,686
Interest 3,992 3,944 3,875 4,057 4,406 4,962 5,351 5,863 6,171 6,277 6,822 7,139 7,339
3,984 4,012 3,970 3,877 3,910 3,950 4,096 4,237 4,424 4,618 4,753 4,947 5,752
Financing Profit -326 -219 15 248 392 545 574 630 653 677 623 460 -405
Financing Margin % -4% -3% 0% 3% 4% 6% 6% 6% 6% 6% 5% 4% -3%
1,841 1,877 1,903 1,932 2,011 2,076 2,154 2,210 2,282 2,396 2,508 2,442 2,185
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,515 1,658 1,918 2,180 2,403 2,622 2,727 2,840 2,935 3,073 3,131 2,902 1,780
Tax % 24% 25% 27% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
1,147 1,242 1,401 1,631 1,805 1,964 2,043 2,124 2,202 2,301 2,349 2,171 1,331
EPS in Rs 14.81 16.03 18.08 21.04 23.29 25.32 26.34 27.38 28.34 29.59 30.18 27.88 17.09
Gross NPA % 2.77% 2.48% 2.27% 2.35% 2.11% 2.06% 1.98% 1.94% 1.93% 1.92% 1.92% 2.02% 2.11%
Net NPA % 0.80% 0.71% 0.64% 0.67% 0.61% 0.62% 0.59% 0.58% 0.57% 0.57% 0.57% 0.60% 0.64%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 11,872 14,406 17,281 22,261 28,783 29,000 30,822 36,368 45,748 49,004
Interest 7,355 8,343 9,783 13,415 16,724 15,472 15,822 18,776 25,132 27,577
4,188 5,684 6,555 9,284 12,544 15,772 15,561 15,425 17,569 20,072
Financing Profit 329 379 942 -438 -485 -2,244 -560 2,167 3,046 1,355
Financing Margin % 3% 3% 5% -2% -2% -8% -2% 6% 7% 3%
3,297 4,171 4,750 5,647 6,953 6,501 7,345 8,173 9,396 9,531
Depreciation 157 191 212 229 291 328 352 407 463 0
Profit before tax 3,469 4,360 5,481 4,980 6,177 3,929 6,433 9,932 11,979 10,886
Tax % 34% 34% 34% 34% 28% 25% 25% 25% 25%
2,287 2,868 3,606 3,301 4,458 2,930 4,805 7,444 8,977 8,153
EPS in Rs 38.43 47.95 60.08 54.77 64.28 37.89 62.03 95.93 115.34 104.74
Dividend Payout % 12% 13% 12% 14% 0% 13% 14% 15% 14%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 16%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: 45%
TTM: -2%
Stock Price CAGR
10 Years: 3%
5 Years: -7%
3 Years: -1%
1 Year: -33%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 595 598 600 603 694 773 775 776 778
Reserves 17,102 20,049 23,243 26,085 34,054 42,727 47,252 54,229 62,429
117,996 149,026 189,928 242,189 262,781 307,193 340,673 385,131 432,197
7,205 8,976 7,856 8,944 9,700 12,210 13,268 17,701 19,689
Total Liabilities 142,898 178,650 221,628 277,821 307,229 362,903 401,967 457,837 515,094
1,218 1,307 1,313 1,688 1,792 1,801 1,834 1,944 2,127
CWIP 37 28 25 22 79 75 95 135 197
Investments 34,056 36,704 50,078 59,268 59,938 69,653 70,930 83,076 106,486
107,587 140,611 170,211 216,843 245,419 291,374 329,109 372,682 406,283
Total Assets 142,898 178,650 221,628 277,821 307,229 362,903 401,967 457,837 515,094

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2,927 11,569 -20,700 -6,389 -12,907 44,976 16,672 -12,442 -16,925
-258 -285 -217 -633 1,445 -324 -395 -481 -703
2,517 -2,768 15,505 8,590 12,733 -4,096 -4,302 1,115 -2,242
Net Cash Flow -667 8,516 -5,412 1,568 1,271 40,556 11,975 -11,808 -19,869

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 15% 16% 13% 15% 7% 10% 14% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
16.53% 16.52% 16.51% 16.51% 16.51% 16.50% 16.49% 16.47% 16.45% 16.40% 16.38% 16.36%
47.65% 46.33% 45.83% 46.97% 44.79% 42.16% 42.34% 41.48% 42.47% 40.25% 38.40% 34.11%
20.22% 21.85% 21.02% 22.24% 24.63% 26.54% 26.22% 28.17% 26.21% 28.09% 29.69% 34.60%
0.00% 0.00% 0.00% 0.37% 0.37% 0.37% 0.37% 0.37% 0.36% 0.37% 0.37% 0.37%
15.60% 15.30% 16.63% 13.93% 13.70% 14.45% 14.59% 13.50% 14.52% 14.90% 15.16% 14.56%
No. of Shareholders 4,71,8154,43,1124,31,0313,58,2513,45,1373,78,3033,64,2903,60,0273,59,6883,98,1814,17,3594,39,052

* 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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