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 ₹ 99,049 Cr.
- Current Price ₹ 52.4
- High / Low ₹ 83.8 / 42.0
- Stock P/E 33.4
- Book Value ₹ 14.6
- Dividend Yield 0.00 %
- ROCE 5.42 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.59 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.28% 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.6,426 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 Nifty 500 Multicap 50:25:25 BSE 100 LargeCap TMC Index Nifty Midcap 100 Nifty PSU Bank Nifty 200
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 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| Revenue | 3,171 | 16,976 | 16,736 | 19,407 | 24,066 | 26,206 |
| Interest | 2,203 | 11,069 | 10,419 | 11,146 | 14,226 | 16,058 |
| 1,273 | 10,367 | 9,270 | 9,763 | 11,746 | 12,561 | |
| Financing Profit | -305 | -4,461 | -2,954 | -1,503 | -1,906 | -2,412 |
| Financing Margin % | -10% | -26% | -18% | -8% | -8% | -9% |
| 536 | 5,486 | 4,905 | 4,116 | 5,665 | 6,426 | |
| Depreciation | 0 | 258 | 173 | 260 | 336 | 0 |
| Profit before tax | 231 | 767 | 1,779 | 2,353 | 3,423 | 4,014 |
| Tax % | 0% | 1% | 4% | 11% | 22% | |
| 231 | 758 | 1,709 | 2,104 | 2,666 | 2,963 | |
| EPS in Rs | 0.46 | 0.90 | 1.11 | 1.41 | 1.56 | |
| Dividend Payout % | 23% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 52% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 39% |
| 3 Years: | 37% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 445 | 16,647 | 18,902 | 18,902 | 18,902 |
| Reserves | 654 | 452 | 3,695 | 5,974 | 8,659 |
| 31,989 | 244,024 | 265,284 | 281,777 | 316,509 | |
| 2,389 | 13,106 | 11,148 | 6,785 | 7,799 | |
| Total Liabilities | 35,477 | 274,229 | 299,030 | 313,438 | 351,869 |
| 387 | 2,918 | 3,366 | 3,711 | 3,726 | |
| CWIP | 0 | 1 | 0 | 0 | 14 |
| Investments | 15,015 | 95,485 | 97,641 | 93,643 | 99,194 |
| 20,075 | 175,825 | 198,023 | 216,085 | 248,935 | |
| Total Assets | 35,477 | 274,229 | 299,030 | 313,438 | 351,869 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 4,949 | 5,539 | -13,655 | -1,119 | ||
| -46 | -49 | -560 | -359 | ||
| 1,813 | 479 | -1,916 | -528 | ||
| Net Cash Flow | 6,716 | 5,969 | -16,130 | -2,006 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2002 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| ROE % | 9% | 9% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Cessation
14h - Cessation of three directors after tenure completion.
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Receipt Of Order From Income Tax Department
11 Dec - Order of ₹808.30 Crores refund from Income Tax Department.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Dec - Order of refund of ₹808.30 Crores from Income Tax Department.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
11 Dec - Information regarding loss of share certificate and duplicate issuance.
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Order Received From Income Tax Department
10 Dec - Bank received ₹1359.29 Crores refund from Income Tax.
Annual reports
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Financial Year 2024
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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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Concalls
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Oct 2024TranscriptNotesPPT
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Revenue Mix Q1 FY25
Corporate/Wholesale banking: 38%
Retail banking: 36%
Treasury: 24%
Other: 2% [1]