Axis Bank

₹848.8 -0.8 | 0.1%

WEBSITE BSE:532215 NSE : AXIS BANK 23 Mar, 16:01

Market Cap ₹261130 Cr.

Stock P/E 12.7

P/B 1.9

Current Price ₹848.8

Book Value ₹ 437.6

Face Value 2

52W High ₹970.5

Dividend Yield 0.12%

52W Low ₹ 618.3

Edit Ratio

Axis Bank Research see more...

Equity Research Report: Axis Bank

Equity Research: Axis Bank Ltd

Overview Inc. Year: 1993Industry: Bank - Private

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.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Axis Bank Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Interest Earned	16300	15757	15840	16302	16683	17653	18209	19193	20783	22843
Other Income	4147	4154	5188	3984	4284	4438	4792	3493	4476	5241
Total Income	20447	19911	21028	20285	20967	22091	23001	22686	25259	28084
Interest Expense	8863	8252	8128	8367	8598	8795	9162	9565	10150	11094
Operating Expenditure	4427	5249	5620	5177	6065	6631	6952	6855	6989	7225
Provisions and contingencies	4606	4626	3324	3557	1763	1363	984	384	547	1446
Operating Profit	2550	1784	3957	3184	4542	5301	5903	5883	7573	8319
Profit Before Tax	2550	1784	3957	3184	4542	5301	5903	5883	7573	8319
Provision for Tax	701	450	997	809	1159	1328	1469	1494	1947	2110
Profit After Tax	1849	1335	2960	2375	3383	3973	4434	4389	5625	6209
Adjustments	-12	-17	-19	-18	5	-16	-16	-9	-13	-22
Profit After Adjustments	1837	1318	2941	2357	3388	3957	4418	4381	5612	6187
Adjusted Earnings Per Share	6	4.3	9.6	7.7	11	12.9	14.4	14.3	18.3	20.1

Axis Bank Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Interest Earned	21995	27202	30736	35727	41409	45175	46614	56044	63716	64397	68846	81028
Other Income	5487	6833	7766	8838	9955	12422	11863	14189	16342	13577	17268	18002
Total Income	27482	34035	38502	44566	51364	57597	58477	70232	80058	77974	86114	99030
Interest Expense	13969	17513	18703	21341	24344	26789	27604	33883	37996	34627	34923	39971
Operating Expenditure	6100	7141	8210	9610	10611	12726	14788	16720	18066	19175	24824	28021
Provisions and contingencies	1143	1756	2110	2330	3719	12128	15519	12037	18716	14422	7438	3361
Operating Profit	6270	7625	9480	11284	12690	5954	566	7592	5280	9750	18929	27678
Profit Before Tax	6270	7625	9480	11284	12690	5954	566	7592	5280	9750	18929	27678
Provision for Tax	2052	2391	3171	3836	4332	1987	102	2545	3401	2498	4765	7020
Profit After Tax	4219	5234	6309	7448	8358	3967	464	5047	1879	7252	14164	20657
Adjustments	1	113	1	-1	-8	-14	-8	-9	-26	-57	-45	-60
Profit After Adjustments	4220	5347	6310	7448	8350	3953	456	5039	1853	7196	14119	20598
Adjusted Earnings Per Share	20.4	22.9	26.9	31.4	35	16.5	1.8	19.6	6.6	23.5	46	67.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	7%	9%	12%
Operating Profit CAGR	94%	36%	26%	12%
PAT CAGR	95%	41%	29%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	40%	11%	12%
ROE Average	13%	8%	6%	12%
ROCE Average	9%	8%	7%	11%

Axis Bank Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	22682	33158	38396	44950	53559	56380	64207	67803	86340	103594	118261
Minority's Interest	0	13	13	31	39	61	70	85	114	174	261
Deposits	219988	252149	280541	322244	358302	414983	455658	550746	642157	698303	820914
Borrowings	34072	44105	52739	84394	113848	112455	155767	161250	155180	152249	199778
Other Liabilities & Provisions	8675	11133	14661	15625	20639	27583	28002	34163	44080	46686	56314
Total Liabilities	285417	340558	386350	467243	546387	611462	703703	814046	927872	1001005	1195529
Cash and balance with RBI	10703	14792	17041	19819	22361	30858	35481	35099	84959	51809	94035
Bank Balance	3231	5708	11541	16673	11342	20108	8430	32905	12841	11616	18309
Investments	92921	113378	113093	118527	131399	129018	153037	174056	155282	225336	274608
Advances	169760	196990	232382	284449	344663	381165	449844	506656	582959	625750	725126
Fixed Assets	2204	2245	2346	2447	3358	3518	3697	3842	3912	4211	4464
Other Assets	6517	7302	9846	25224	33048	46503	52863	61200	87437	82165	78772
Total Assets	285417	340558	386350	467243	546387	611462	703703	814046	927872	1001005	1195529

Axis Bank Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	21409	13934	20500	28582	36492	33703	50966	43911	68004	97800	63424
Cash Flow from Operating Activities	-9904	2573	14464	-15163	-34495	32209	-38390	37125	30416	12633	28137
Cash Flow from Investing Activities	-5041	-11332	-14057	-7912	9225	-12443	-10047	-18691	-9659	-54195	-27232
Cash Flow from Financing Activities	7270	14931	7785	31045	22495	-2487	41342	5643	8865	7279	47894
Net Cash Inflow / Outflow	-7675	6173	8191	7970	-2775	17279	-7095	24076	29622	-34283	48799
Closing Cash & Cash Equivalent	13934	20500	28582	36492	33703	50966	43911	68004	97800	63424	112344

Axis Bank Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	20.42	22.85	26.86	31.42	35.04	16.51	1.78	19.59	6.57	23.49	45.99
CEPS(Rs)	22.1	23.9	28.45	33.19	37.01	18.76	4.11	22.49	9.52	26.86	49.55
DPS(Rs)	3.2	3.6	4	4.6	5	5	0	1	0	0	1
Book NAV/Share(Rs)	109.78	141.72	163.44	189.62	224.77	235.41	250.17	263.65	305.99	338.13	384.75
Yield on Advances	12.96	13.81	13.23	12.56	12.01	11.85	10.36	11.06	10.93	10.29	9.49
Yield on Investments	6.96	7.39	7.7	8.01	7.97	10	7.44	6.99	8.67	6.62	5.76
Cost of Liabilities	5.5	5.91	5.61	5.25	5.16	5.08	4.51	4.76	4.77	4.07	3.42
NIM (Net Interest Margin)	2.9	2.93	3.22	3.27	3.35	3.28	2.94	2.96	3.08	3.26	3.05
Interest Spread	7.46	7.9	7.61	7.31	6.86	6.77	5.85	6.3	6.16	6.22	6.07
ROA(%)	1.6	1.67	1.74	1.75	1.65	0.69	0.07	0.67	0.22	0.75	1.29
ROE(%)	20.29	18.75	17.63	17.87	16.97	7.22	0.77	7.65	2.44	7.64	12.78
ROCE(%)	15.82	15.13	15.14	14.08	12.48	7.79	4.62	7.9	5.89	7.16	9.47
PER(x)	11.22	11.39	10.87	17.84	12.69	29.74	286.82	39.61	57.75	29.7	16.54
Price/Book(x)	2.09	1.84	1.79	2.96	1.98	2.08	2.04	2.94	1.24	2.06	1.98
Dividend Yield(%)	1.4	1.38	1.37	0.82	1.12	1.02	0	0.13	0	0	0.13
EV/Net Sales(x)	3.7	3.86	3.95	6.08	5.31	5.09	6.15	6.44	4.12	5.68	6.29
EV/Core EBITDA(x)	10.98	11.19	10.47	15.96	13.39	12.72	17.81	18.38	10.93	15.14	16.43
Interest Earned Growth(%)	45.13	23.67	12.99	16.24	15.9	9.09	3.19	20.23	13.69	1.07	6.91
Net Profit Growth	26.13	24.07	20.55	18.06	12.21	-52.53	-88.3	987.68	-62.78	286.02	95.31
Advances Growth	19.21	16.04	17.97	22.41	21.17	10.59	18.02	12.63	15.06	-99.99	15.88
EPS Growth(%)	25.53	11.89	17.54	16.97	11.53	-52.9	-89.24	1003.2	-66.48	257.61	95.84
Loans/Deposits(x)	15.49	17.49	18.8	26.19	31.77	27.1	34.19	29.28	24.17	21.8	24.34
Cash/Deposits(x)	0.05	0.06	0.06	0.06	0.06	0.07	0.08	0.06	0.13	0.07	0.11
Current Ratio(x)	0.42	0.45	0.4	0.37	0.37	0.31	0.34	0.32	0.24	0.32	0.33
Quick Ratio(x)	15.49	17.49	18.8	26.19	31.77	27.1	34.19	29.28	24.17	21.8	24.34
CASA %	41.55	44.41	45.06	44.76	47.25	51.22	53.49	44.18	41.01	45.44	44.97

Axis Bank Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	14.47	13.59	13.25	11.39	11.35	9.5	9.49	9.49	9.48	7.98
FII	48.21	49.77	50.16	51.15	50.11	46.4	45.94	45.55	45.16	48.18
DII	23.42	22.96	22.69	23.65	24.7	29.55	29.85	30.77	31.59	30.7
Public	11.81	11.18	11.4	11.26	11.37	12.36	12.46	11.98	11.7	10.56
Others	2.09	2.51	2.5	2.55	2.47	2.19	2.26	2.21	2.07	2.58
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	44.28	41.6	40.59	34.92	34.8	29.14	29.14	29.14	29.14	24.55
FII	147.53	152.37	153.68	156.78	153.68	142.34	141.01	139.9	138.74	148.14
DII	71.68	70.28	69.52	72.5	75.73	90.65	91.64	94.52	97.05	94.41
Public	36.13	34.21	34.93	34.5	34.88	37.92	38.24	36.79	35.94	32.46
Others	6.41	7.68	7.65	7.82	7.57	6.72	6.94	6.79	6.37	7.93
Total	306.02	306.15	306.37	306.53	306.66	306.77	306.97	307.14	307.23	307.5