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 ₹ 1,22,242 Cr.
- Current Price ₹ 64.7
- High / Low ₹ 83.8 / 25.7
- Stock P/E 45.9
- Book Value ₹ 14.6
- Dividend Yield 0.00 %
- ROCE 5.42 %
- ROE 10.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 4.45 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.5,665 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
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 | |
|---|---|---|---|---|---|
| Revenue | 3,171 | 16,976 | 16,736 | 19,407 | 24,066 |
| Interest | 2,203 | 11,069 | 10,419 | 11,146 | 14,226 |
| 1,273 | 10,367 | 9,270 | 9,763 | 11,746 | |
| Financing Profit | -305 | -4,461 | -2,954 | -1,503 | -1,906 |
| Financing Margin % | -10% | -26% | -18% | -8% | -8% |
| 536 | 5,486 | 4,905 | 4,116 | 5,665 | |
| Depreciation | 0 | 258 | 173 | 260 | 336 |
| Profit before tax | 231 | 767 | 1,779 | 2,353 | 3,423 |
| Tax % | 0% | 1% | 4% | 11% | 22% |
| 231 | 758 | 1,709 | 2,104 | 2,666 | |
| EPS in Rs | 0.46 | 0.90 | 1.11 | 1.41 | |
| Dividend Payout % | 23% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 52% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 41% |
| 3 Years: | 36% |
| 1 Year: | 140% |
| 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
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Jul
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Jul - Regarding Analyst Conference Call scheduled for 22.07.2024 at 17.30 P.M
- Board Meeting Intimation for Approval Of Unaudited (Reviewed) Financial Results For The Quarter Ended 30Th June 2024 16 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Jul
- Announcement under Regulation 30 (LODR)-Interest Rates Updates 11 Jul
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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May 2024Transcript PPT
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Nov 2017TranscriptNotesPPT
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Ratios ( Updated 28th , Oct 2022)
Capital Adequacy Ratio - 14.79%[1]
Net Interest Margin - 2.53%[2]
Gross NPA - 9.12%
Net NPA - 2.43%[3]
CASA Ratio - 43.07%[4]