Market Cap ₹316850 Cr.
Stock P/E 25.3
P/B 2.3
Current Price ₹1029.1
Book Value ₹ 440
Face Value 2
52W High ₹1047.5
Dividend Yield 0.1%
52W Low ₹ 710.9
Axis Bank Limited (the Bank) gives commercial banking operations for retail and corporate customers. The Bank's segments consist of Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations consist of investments in sovereign and company debt, equity and mutual funds, trading operations, derivative buying and selling and forex operations on the proprietary account and for clients. Its Retail Banking constitutes lending to individual people/small companies and activities include legal responsibility products, card services, Internet banking, mobile banking and financial advisory offerings, among others. Its Corporate Banking includes company relationships not covered under Retail Banking, company advisory offerings, placements and syndication, venture value determinations, capital market associated services and cash management services. Its Other Banking Business includes para banking activities, such as third party product distribution and banking transactions.
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#(Fig in Cr.) | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Interest Earned | 15840 | 16302 | 16683 | 17653 | 18209 | 19193 | 20783 | 22843 | 24630 | 26246 |
Other Income | 5188 | 3984 | 4284 | 4438 | 4792 | 3493 | 4476 | 5241 | 5496 | 5648 |
Total Income | 21028 | 20285 | 20967 | 22091 | 23001 | 22686 | 25259 | 28084 | 30126 | 31894 |
Interest Expense | 8128 | 8367 | 8598 | 8795 | 9162 | 9565 | 10150 | 11094 | 12580 | 13972 |
Operating Expenditure | 5620 | 5177 | 6065 | 6631 | 6952 | 6855 | 6989 | 7225 | 7900 | 8671 |
Provisions and contingencies | 3324 | 3557 | 1763 | 1363 | 984 | 384 | 547 | 1446 | 308 | 1060 |
Operating Profit | 3957 | 3184 | 4542 | 5301 | 5903 | 5883 | 7573 | 8319 | 9336 | 8192 |
Profit Before Tax | 3957 | 3184 | 4542 | 5301 | 5903 | 5883 | 7573 | 8319 | -3153 | 8192 |
Provision for Tax | 997 | 809 | 1159 | 1328 | 1469 | 1494 | 1947 | 2110 | 2218 | 2093 |
Profit After Tax | 2960 | 2375 | 3383 | 3973 | 4434 | 4389 | 5625 | 6209 | -5371 | 6099 |
Adjustments | -19 | -18 | 5 | -16 | -16 | -9 | -13 | -22 | 9 | -8 |
Profit After Adjustments | 2941 | 2357 | 3388 | 3957 | 4418 | 4381 | 5612 | 6187 | -5362 | 6091 |
Adjusted Earnings Per Share | 9.6 | 7.7 | 11 | 12.9 | 14.4 | 14.3 | 18.3 | 20.1 | -17.4 | 19.8 |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest Earned | 27202 | 30736 | 35727 | 41409 | 45175 | 46614 | 56044 | 63716 | 64397 | 68846 | 87448 | 94502 |
Other Income | 6833 | 7766 | 8838 | 9955 | 12422 | 11863 | 14189 | 16342 | 13577 | 17268 | 18706 | 20861 |
Total Income | 34035 | 38502 | 44566 | 51364 | 57597 | 58477 | 70232 | 80058 | 77974 | 86114 | 106155 | 115363 |
Interest Expense | 17513 | 18703 | 21341 | 24344 | 26789 | 27604 | 33883 | 37996 | 34627 | 34923 | 43389 | 47796 |
Operating Expenditure | 7141 | 8210 | 9610 | 10611 | 12726 | 14788 | 16720 | 18066 | 19175 | 24824 | 41227 | 30785 |
Provisions and contingencies | 1756 | 2110 | 2330 | 3719 | 12128 | 15519 | 12037 | 18716 | 14422 | 7438 | 2917 | 3361 |
Operating Profit | 7625 | 9480 | 11284 | 12690 | 5954 | 566 | 7592 | 5280 | 9750 | 18929 | 18621 | 33420 |
Profit Before Tax | 7625 | 9480 | 11284 | 12690 | 5954 | 566 | 7592 | 5280 | 9750 | 18929 | 18621 | 20931 |
Provision for Tax | 2391 | 3171 | 3836 | 4332 | 1987 | 102 | 2545 | 3401 | 2498 | 4765 | 7769 | 8368 |
Profit After Tax | 5234 | 6309 | 7448 | 8358 | 3967 | 464 | 5047 | 1879 | 7252 | 14164 | 10853 | 12562 |
Adjustments | 113 | 1 | -1 | -8 | -14 | -8 | -9 | -26 | -57 | -45 | -34 | -34 |
Profit After Adjustments | 5347 | 6310 | 7448 | 8350 | 3953 | 456 | 5039 | 1853 | 7196 | 14119 | 10818 | 12528 |
Adjusted Earnings Per Share | 22.9 | 26.9 | 31.4 | 35 | 16.5 | 1.8 | 19.6 | 6.6 | 23.5 | 46 | 35.2 | 40.8 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | 27% | 11% | 13% | 12% |
Operating Profit CAGR | -2% | 52% | 101% | 9% |
PAT CAGR | -23% | 79% | 88% | 8% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | 44% | 33% | 11% | 18% |
ROE Average | 9% | 10% | 8% | 11% |
ROCE Average | 9% | 9% | 8% | 10% |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Shareholder's Funds | 33158 | 38396 | 44950 | 53559 | 56380 | 64207 | 67803 | 86340 | 103594 | 118261 | 129782 |
Minority's Interest | 13 | 13 | 31 | 39 | 61 | 70 | 85 | 114 | 174 | 261 | 393 |
Deposits | 252149 | 280541 | 322244 | 358302 | 414983 | 455658 | 550746 | 642157 | 698303 | 821165 | 945825 |
Borrowings | 44105 | 52739 | 84394 | 113848 | 112455 | 155767 | 161250 | 155180 | 152249 | 199778 | 206214 |
Other Liabilities & Provisions | 11133 | 14661 | 15625 | 20639 | 27583 | 28002 | 34163 | 44080 | 46686 | 56314 | 62205 |
Total Liabilities | 340558 | 386350 | 467243 | 546387 | 611462 | 703703 | 814046 | 927872 | 1001005 | 1195779 | 1344418 |
Cash and balance with RBI | 14792 | 17041 | 19819 | 22361 | 30858 | 35481 | 35099 | 84959 | 51809 | 94035 | 66118 |
Bank Balance | 5708 | 11541 | 16673 | 11342 | 20108 | 8430 | 32905 | 12841 | 11616 | 18309 | 42590 |
Investments | 113378 | 113093 | 118527 | 131399 | 129018 | 153037 | 174056 | 155282 | 225336 | 274608 | 288095 |
Advances | 196990 | 232382 | 284449 | 344663 | 381165 | 449844 | 506656 | 582959 | 625750 | 725376 | 868388 |
Fixed Assets | 2245 | 2346 | 2447 | 3358 | 3518 | 3697 | 3842 | 3912 | 4211 | 4464 | 4710 |
Other Assets | 7302 | 9846 | 25224 | 33048 | 46503 | 52863 | 61200 | 87437 | 82165 | 78772 | 74375 |
Total Assets | 340558 | 386350 | 467243 | 546387 | 611462 | 703703 | 814046 | 927872 | 1001005 | 1195779 | 1344418 |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 13934 | 20500 | 28582 | 36492 | 33703 | 50966 | 43911 | 68004 | 97800 | 63424 | 112344 |
Cash Flow from Operating Activities | 2573 | 14464 | -15163 | -34495 | 32209 | -38390 | 37125 | 30416 | 12633 | 28137 | 22075 |
Cash Flow from Investing Activities | -11332 | -14057 | -7912 | 9225 | -12443 | -10047 | -18691 | -9659 | -54195 | -27232 | -32694 |
Cash Flow from Financing Activities | 14931 | 7785 | 31045 | 22495 | -2487 | 41342 | 5643 | 8865 | 7279 | 47894 | 6641 |
Net Cash Inflow / Outflow | 6173 | 8191 | 7970 | -2775 | 17279 | -7095 | 24076 | 29622 | -34283 | 48799 | -3979 |
Closing Cash & Cash Equivalent | 20500 | 28582 | 36492 | 33703 | 50966 | 43911 | 68004 | 97800 | 63424 | 112344 | 108708 |
# | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Earnings Per Share (Rs) | 22.85 | 26.86 | 31.42 | 35.04 | 16.51 | 1.78 | 19.59 | 6.57 | 23.49 | 45.99 | 35.16 |
CEPS(Rs) | 23.9 | 28.45 | 33.19 | 37.01 | 18.76 | 4.11 | 22.49 | 9.52 | 26.86 | 49.55 | 77.99 |
DPS(Rs) | 3.6 | 4 | 4.6 | 5 | 5 | 0 | 1 | 0 | 0 | 1 | 1 |
Book NAV/Share(Rs) | 141.72 | 163.44 | 189.62 | 224.77 | 235.41 | 250.17 | 263.65 | 305.99 | 338.13 | 384.75 | 420.42 |
Yield on Advances | 13.81 | 13.23 | 12.56 | 12.01 | 11.85 | 10.36 | 11.06 | 10.93 | 10.29 | 9.49 | 10.07 |
Yield on Investments | 7.39 | 7.7 | 8.01 | 7.97 | 10 | 7.44 | 6.99 | 8.67 | 6.62 | 5.76 | 6.24 |
Cost of Liabilities | 5.91 | 5.61 | 5.25 | 5.16 | 5.08 | 4.51 | 4.76 | 4.77 | 4.07 | 3.42 | 3.77 |
NIM (Net Interest Margin) | 2.93 | 3.22 | 3.27 | 3.35 | 3.28 | 2.94 | 2.96 | 3.08 | 3.26 | 3.05 | 3.48 |
Interest Spread | 7.9 | 7.61 | 7.31 | 6.86 | 6.77 | 5.85 | 6.3 | 6.16 | 6.22 | 6.07 | 6.3 |
ROA(%) | 1.67 | 1.74 | 1.75 | 1.65 | 0.69 | 0.07 | 0.67 | 0.22 | 0.75 | 1.29 | 0.85 |
ROE(%) | 18.75 | 17.63 | 17.87 | 16.97 | 7.22 | 0.77 | 7.65 | 2.44 | 7.64 | 12.78 | 8.77 |
ROCE(%) | 15.13 | 15.14 | 14.08 | 12.48 | 7.79 | 4.62 | 7.9 | 5.89 | 7.16 | 9.47 | 9.26 |
PER(x) | 11.39 | 10.87 | 17.84 | 12.69 | 29.74 | 286.82 | 39.61 | 57.75 | 29.7 | 16.54 | 24.41 |
Price/Book(x) | 1.84 | 1.79 | 2.96 | 1.98 | 2.08 | 2.04 | 2.94 | 1.24 | 2.06 | 1.98 | 2.04 |
Dividend Yield(%) | 1.38 | 1.37 | 0.82 | 1.12 | 1.02 | 0 | 0.13 | 0 | 0 | 0.13 | 0.12 |
EV/Net Sales(x) | 3.86 | 3.95 | 6.08 | 5.31 | 5.09 | 6.15 | 6.44 | 4.12 | 5.68 | 6.29 | 5.38 |
EV/Core EBITDA(x) | 11.19 | 10.47 | 15.96 | 13.39 | 12.72 | 17.81 | 18.38 | 10.93 | 15.14 | 16.43 | 21.84 |
Interest Earned Growth(%) | 23.67 | 12.99 | 16.24 | 15.9 | 9.09 | 3.19 | 20.23 | 13.69 | 1.07 | 6.91 | 27.02 |
Net Profit Growth | 24.07 | 20.55 | 18.06 | 12.21 | -52.53 | -88.3 | 987.68 | -62.78 | 286.02 | 95.31 | -23.38 |
Advances Growth | 16.04 | 17.97 | 22.41 | 21.17 | 10.59 | 18.02 | 12.63 | 15.06 | 7.34 | 15.92 | 19.72 |
EPS Growth(%) | 11.89 | 17.54 | 16.97 | 11.53 | -52.9 | -89.24 | 1003.2 | -66.48 | 257.61 | 95.84 | -23.56 |
Loans/Deposits(x) | 17.49 | 18.8 | 26.19 | 31.77 | 27.1 | 34.19 | 29.28 | 24.17 | 21.8 | 24.33 | 21.8 |
Cash/Deposits(x) | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.06 | 0.13 | 0.07 | 0.11 | 0.07 |
Current Ratio(x) | 0.45 | 0.4 | 0.37 | 0.37 | 0.31 | 0.34 | 0.32 | 0.24 | 0.32 | 0.33 | 0.3 |
Quick Ratio(x) | 17.49 | 18.8 | 26.19 | 31.77 | 27.1 | 34.19 | 29.28 | 24.17 | 21.8 | 24.33 | 21.8 |
CASA % | 44.41 | 45.06 | 44.76 | 47.25 | 51.22 | 53.49 | 44.18 | 41.01 | 45.44 | 44.98 | 47.12 |
# | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 13.25 | 11.39 | 11.35 | 9.5 | 9.49 | 9.49 | 9.48 | 7.98 | 7.96 | 7.95 |
FII | 50.16 | 51.15 | 50.11 | 46.4 | 45.94 | 45.55 | 45.16 | 48.18 | 47.86 | 50.48 |
DII | 22.69 | 23.65 | 24.7 | 29.55 | 29.85 | 30.77 | 31.59 | 30.7 | 31.23 | 29.04 |
Public | 11.4 | 11.26 | 11.37 | 12.36 | 12.46 | 11.98 | 11.7 | 10.56 | 10.54 | 9.62 |
Others | 2.5 | 2.55 | 2.47 | 2.19 | 2.26 | 2.21 | 2.07 | 2.58 | 2.42 | 2.91 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 40.59 | 34.92 | 34.8 | 29.14 | 29.14 | 29.14 | 29.14 | 24.55 | 24.49 | 24.49 |
FII | 153.68 | 156.78 | 153.68 | 142.34 | 141.01 | 139.9 | 138.74 | 148.14 | 147.26 | 155.48 |
DII | 69.52 | 72.5 | 75.73 | 90.65 | 91.64 | 94.52 | 97.05 | 94.41 | 96.09 | 89.42 |
Public | 34.93 | 34.5 | 34.88 | 37.92 | 38.24 | 36.79 | 35.94 | 32.46 | 32.42 | 29.62 |
Others | 7.65 | 7.82 | 7.57 | 6.72 | 6.94 | 6.79 | 6.37 | 7.93 | 7.44 | 8.97 |
Total | 306.37 | 306.53 | 306.66 | 306.77 | 306.97 | 307.14 | 307.23 | 307.5 | 307.69 | 307.97 |
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