Indian Overseas Bank

₹ 49.8 -2.58%

21 Nov - close price

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 ₹ 94,024 Cr.
Current Price ₹ 49.8
High / Low ₹ 83.8 / 38.6
Stock P/E 31.7
Book Value ₹ 14.6
Dividend Yield 0.00 %
ROCE 5.42 %
ROE 10.2 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 3.42 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 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

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	4,256	4,199	4,216	4,436	4,719	5,057	5,195	5,427	5,825	6,180	6,634	6,539	6,854
Interest	2,622	2,626	2,605	2,681	2,764	2,784	2,917	3,102	3,477	3,780	3,868	4,096	4,315
	2,088	2,234	2,516	1,953	2,585	2,664	2,822	2,621	2,829	2,583	4,049	2,738	3,191
Financing Profit	-454	-661	-905	-198	-630	-391	-544	-296	-481	-183	-1,283	-295	-652
Financing Margin %	-11%	-16%	-21%	-4%	-13%	-8%	-10%	-5%	-8%	-3%	-19%	-5%	-10%
	837	1,120	1,505	595	1,135	951	1,436	807	1,117	1,263	2,479	1,048	1,636
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	383	459	600	397	505	560	891	511	636	1,080	1,196	754	984
Tax %	2%	2%	8%	1%	1%	1%	26%	1%	1%	33%	32%	14%	21%
	377	451	552	393	500	555	656	504	627	724	810	649	780
EPS in Rs	0.20	0.24	0.29	0.21	0.26	0.29	0.35	0.27	0.33	0.38	0.43	0.34	0.41
Gross NPA %
Net NPA %
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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:	36%
3 Years:	36%
1 Year:	27%

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 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%

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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