Indian Overseas Bank

₹ 49.8 -2.77%

21 Nov 4:00 p.m.

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

Revenue Mix Q1 FY25
Corporate/Wholesale banking: 38%
Retail banking: 36%
Treasury: 24%
Other: 2% ^[1]

Website BSE NSE

Market Cap ₹ 93,968 Cr.
Current Price ₹ 49.8
High / Low ₹ 83.8 / 38.6
Stock P/E 32.0
Book Value ₹ 14.8
Dividend Yield 0.00 %
ROCE 5.41 %
ROE 9.98 %
Face Value ₹ 10.0

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Pros

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

Cons

Stock is trading at 3.39 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.6,405 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

Part of BSE 100 LargeCap TMC Index Nifty 200 BSE LargeCap BSE Financial Services Nifty 500 BSE PSU Nifty LargeMidcap 250 BSE 200 BSE Dollex 200 BSE 250 LargeMidCap Index BSE 500 Nifty Total Market BSE Allcap Nifty Midcap 150 Nifty Midcap 100 Nifty MidSmallcap 400 Nifty PSU Bank Nifty 500 Multicap 50:25:25

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Detailed Comparison with:

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	4,254	4,198	4,215	4,435	4,718	5,056	5,192	5,424	5,821	6,176	6,629	6,535	6,851
Interest	2,622	2,626	2,605	2,681	2,764	2,784	2,916	3,102	3,475	3,778	3,866	4,094	4,313
	2,086	2,230	2,514	1,951	2,582	2,662	2,820	2,618	2,827	2,581	4,047	2,736	3,189
Financing Profit	-453	-657	-904	-197	-629	-390	-544	-296	-481	-183	-1,284	-295	-652
Financing Margin %	-11%	-16%	-21%	-4%	-13%	-8%	-10%	-5%	-8%	-3%	-19%	-5%	-10%
	836	1,120	1,504	593	1,135	950	1,430	803	1,114	1,262	2,477	1,033	1,633
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	383	462	600	396	506	560	886	507	633	1,079	1,193	738	982
Tax %	2%	2%	8%	1%	1%	1%	27%	1%	1%	33%	32%	14%	21%
	376	454	552	392	501	555	650	500	625	723	808	633	777
EPS in Rs	0.20	0.24	0.29	0.21	0.27	0.29	0.34	0.26	0.33	0.38	0.43	0.33	0.41
Gross NPA %	10.66%	10.40%	9.82%	9.12%	8.53%	8.19%	7.44%	7.13%	4.74%	3.90%	3.10%	2.89%	2.72%
Net NPA %	2.77%	2.63%	2.65%	2.43%	2.56%	2.43%	1.83%	1.44%	0.68%	0.62%	0.57%	0.51%	0.47%
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	20,677	22,684	23,938	23,517	19,719	17,915	17,631	17,406	16,966	16,730	19,400	24,050	26,190
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	16,051
	6,351	6,762	7,262	11,443	11,728	17,573	15,142	16,706	10,360	9,263	9,756	11,737	12,552
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	-2,413
Financing Margin %	-5%	-5%	-8%	-26%	-33%	-68%	-56%	-66%	-26%	-18%	-8%	-8%	-9%
	1,973	2,169	2,139	2,528	3,373	3,746	4,206	3,360	5,559	4,903	4,109	5,656	6,405
Depreciation	127	141	149	196	215	272	304	301	258	172	260	336	0
Profit before tax	747	843	111	-3,728	-3,381	-8,632	-5,961	-8,344	840	1,779	2,348	3,413	3,992
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	2,941
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	1.55
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:	22%

Compounded Profit Growth
10 Years:	16%
5 Years:	22%
3 Years:	47%
TTM:	26%

Stock Price CAGR
10 Years:	-1%
5 Years:	37%
3 Years:	37%
1 Year:	30%

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	-15,595	-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	-12	-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

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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%
	0.07%	0.08%	0.07%	0.08%	0.10%	0.14%	0.09%	0.15%	0.03%	0.05%	0.05%	0.04%
	1.31%	1.31%	1.33%	1.34%	1.36%	1.35%	1.33%	1.33%	1.29%	1.29%	1.30%	1.30%
	2.24%	2.23%	2.21%	2.19%	2.16%	2.11%	2.20%	2.13%	2.28%	2.28%	2.27%	2.29%
No. of Shareholders	4,71,872	4,73,897	4,74,939	4,71,356	5,11,642	5,09,599	5,10,387	6,68,177	7,27,348	10,06,185	9,96,568	9,77,592

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	79.56%	89.74%	92.52%	95.84%	95.84%	96.38%	96.38%	96.38%	96.38%
	0.81%	0.54%	0.27%	0.18%	0.07%	0.08%	0.14%	0.05%	0.04%
	12.83%	5.99%	3.18%	1.66%	1.59%	1.31%	1.35%	1.29%	1.30%
	6.80%	3.73%	4.04%	2.32%	2.50%	2.23%	2.11%	2.28%	2.29%
No. of Shareholders	2,54,376	2,50,816	2,71,947	2,73,860	3,78,586	4,73,897	5,09,599	10,06,185	9,77,592

* 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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