Axis Bank Ltd
AXISBANKAxis Bank Ltd
AXISBANKPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
10.69 | 1.91 | 0.10% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
16.89 | 2.35 | 1.02% |
Forecast & Ratings
Detailed Forecast from 39 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business.
Investor Presentation
View olderPeers
Compare with peersHDFC Bank Ltd
ICICI Bank Ltd
Kotak Mahindra Bank Ltd
IDBI Bank Ltd
Indusind Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 51,364.23 | 57,596.69 | 58,476.68 | 70,232.40 | 80,057.67 | 77,974.28 | 86,114.19 | 1,05,797.30 | 1,37,989.36 | 1,53,794.92 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 1,16,982.66 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 4,019.34 | 4,742.10 | 5,414.44 | 5,989.87 | 5,819.96 | 6,768.95 | 8,414.06 | 9,664.96 | 12,193.68 | |||||||||||
Selling & Administrative Expenses | 2,379.26 | 3,010.38 | 3,236.52 | 3,581.34 | 3,830.11 | 4,195.69 | 5,038.24 | 5,628.18 | 6,569.01 | |||||||||||
Operating & Other expenses | 31,814.26 | 43,363.73 | 48,669.25 | 52,331.96 | 64,321.48 | 56,283.73 | 52,686.84 | 58,737.33 | 82,660.21 | |||||||||||
EBITDA | 13,151.37 | 6,480.48 | 1,156.47 | 8,329.23 | 6,086.12 | 10,725.91 | 19,975.05 | 31,766.83 | 36,566.46 | 36,812.26 | ||||||||||
Depreciation/Amortization | 461.39 | 526.67 | 590.58 | 737.17 | 806.07 | 975.83 | 1,045.59 | 13,145.65 | 1,388.46 | — | ||||||||||
PBIT | 12,689.98 | 5,953.81 | 565.89 | 7,592.06 | 5,280.05 | 9,750.08 | 18,929.46 | 18,621.18 | 35,178.00 | 36,812.26 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 12,689.98 | 5,953.81 | 565.89 | 7,592.06 | 5,280.05 | 9,750.08 | 18,929.46 | 18,621.18 | 35,178.00 | 36,812.26 | ||||||||||
Taxes & Other Items | 4,340.30 | 2,000.78 | 110.07 | 2,553.46 | 3,426.93 | 2,554.58 | 4,810.17 | 7,802.73 | 8,791.80 | 8,709.43 | ||||||||||
Net Income | 8,349.68 | 3,953.03 | 455.82 | 5,038.60 | 1,853.12 | 7,195.50 | 14,119.29 | 10,818.45 | 26,386.20 | 28,102.83 | ||||||||||
EPS | 35.13 | 16.55 | 1.84 | 19.61 | 6.87 | 24.45 | 46.04 | 35.20 | 85.62 | 91.05 | ||||||||||
DPS | 5.00 | 5.00 | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||||||||||
Payout ratio | 0.14 | 0.30 | 0.00 | 0.05 | 0.00 | 0.00 | 0.02 | 0.03 | 0.01 | 0.01 |
Company Updates
Annual report
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PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Axis Bank Ltd | 11.38 | 1.91 | 0.10% |
HDFC Bank Ltd | 19.61 | 2.67 | 1.18% |
ICICI Bank Ltd | 19.08 | 3.13 | 0.83% |
Kotak Mahindra Bank Ltd | 20.67 | 2.90 | 0.11% |
Price Comparison
Compare AXISBANK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 3.93%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 3.48%
Top 5 Mutual Funds holding Axis Bank Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.7902% | Percentage of the fund’s portfolio invested in the stock 8.10% | Change in the portfolio weight of the stock over the last 3 months -0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/62 (0) |
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9664% | Percentage of the fund’s portfolio invested in the stock 3.32% | Change in the portfolio weight of the stock over the last 3 months -0.22% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 13/119 (-3) |
ICICI Prudential Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8314% | Percentage of the fund’s portfolio invested in the stock 3.95% | Change in the portfolio weight of the stock over the last 3 months -0.27% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 10/91 (-1) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 12, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Jul 12, 2024
Cash Dividend
Ex DateEx DateJul 7, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Jul 7, 2023
Cash Dividend
Ex DateEx DateJul 7, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Jul 7, 2022
Cash Dividend
Ex DateEx DateJul 4, 2019
Dividend/Share
₹1.00
Ex DateEx Date
Jul 4, 2019
Cash Dividend
Ex DateEx DateJul 6, 2017
Dividend/Share
₹5.00
Ex DateEx Date
Jul 6, 2017
In Q3 FY25, profit before tax (PBT) increased 3.27% YoY to Rs 8,378.22 crore. The bank's operating profit before provisions & contingencies jumped 15.23% to Rs 10,533.85 crore in Q3 FY25 as compared with Rs 9141.24 crore in Q3 FY24. Provisions & contingencies jumped zoomed 109.62% to Rs 2,155.63 crore in Q3 FY25 as against Rs 1,028.34 crore in Q3 FY24. Net interest income (NII) grew 9% YoY to Rs 13,606 crore. Net Interest Margin (NIM) stood at 3.93% in Q3FY25. Total deposits stood at 10,95,883 crore in Q3 FY25 during the quarter, up 9% YoY. CASA Deposits increased 2% to Rs 4,32,855 crore in Q3 FY25 as compared with Rs 423,458 crore in Q3 FY24. CASA deposits constitute 39% of the total deposits as of 31st December 2024. Net advances increased 9% to Rs 10,14,564 crore as on 31st December 2024 as compared with Rs 932,286 crore as on 31st December 2023. Retail loans grew 11% YoY to Rs 6,05,825 crore and accounted for 60% of the net advances of the Bank, SME book remains well diversified across geographies and sectors, grew 15% YoY to Rs 1,14,101 crore, Corporate loan book grew 3% YoY to Rs 294,638 crore duirng the period under review. The bank's gross non-performing (GNPA) stood at Rs 15,850.27 crore as on 31st December 2024 as against Rs 15,893.01 crore as on 31st December 2023. The ratio of gross NPAs reduced to 1.46% as on 31st December 2024 as against 1.58% as on 31st December 2023. Net NPAs reduced to 0.35% as on 31st December 2024 as against 0.36% as on 31st December 2023. As on December 2024, capital adequacy ratio (basel III) stood at 17.01%. Tier I was at 15.01% and Tier II at 2.00%. The bank's return on average assets (ROA) and Return on equity (ROE) stood at 1.64% and 15.37%, respectively in the quarter ended 31st December 2024. Axis Bank is the third-largest private sector bank in India. During the quarter, the bank added 130 branches taking its overall distribution network to 5,706 domestic branches and extension counters situated across 3,122 centres and 14,476 ATMs and cash recyclers spread across the country. The bank's Axis Virtual Centre is present across six centres with over 1,700 virtual relationship managers as on December 2024. The counter declined 5.28% to Rs 985.25 on the BSE.Powered by Capital Market - Live
securities in F&O Ban Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Angle One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manappuram Finance shares were banned from trading on 16 January 2025. Earnings Today: Tech Mahindra, Wipro, ICICI Lombard General Insurance Co., Indian Hotels Co., Jio Financial Services, 5Paisa Capital, Aether Industries, Concord Enviro Systems, Ganesh Housing Corp., Mamata Machinery, Rajoo Engineers, Rallis India, Ramkrishna Forgings, Sanathan Textiles, SBI Life Insurance Co., Seshasayee Paper & Boards, SG Finserve, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies, Swaraj Engines will declare their results later today. Stocks to Watch: Axis Bank's standalone net profit increased 3.83% to Rs 6,303.77 crore on 10.17% jump in total income to Rs 36,926.14 rore in Q3 FY25 over Q3 FY24. Net interest income (NII) grew 9% YoY to Rs 13,606 crore. Net Interest Margin (NIM) stood at 3.93% in Q3FY25. Infosys' reported 4.61% rise in consolidated net profit to Rs 6,806 crore on a 1.89% increase in revenues to Rs 41,764 crore in Q3 FY25 over Q2 FY25. The total contract value (TCV) of large deal wins was $2.5 billion in Q3 of FY25, with a net new of 63%. It has raised FY25 guidance to 4.5%-5% in constant currency Reliance Industries' consolidated net profit rose 7.4% YoY to Rs 18,540 crore in Q3 FY25. Net sales jumped 17.9% to Rs 2,39,986 crore in Q3 FY25 as compared with Rs 2,25,086 crore in Q3 FY24. Metro Brands' consolidated net profit declined 3.3% to Rs 94.58 crore in Q3 FY25 as compared with Rs 97.81 crore in Q3 FY24. Net sales jumped 10.6% YoY to Rs 703.09 crore in Q3 FY25. LTIMindtree's consolidated net profit declined 13.24% to Rs 1,085.40 crore in Q3 FY25 as against Rs 1,251 crore in Q2 FY25. Net sales increase 2.42% QoQ to Rs 9660.90 crore in Q3 FY25. Concord Biotech has entered into share purchase agreement with Clean Max Everglades and Clean Max Enviro Energy Solutions to acquire a 26% stake in Clean Max from Clean max Enviro Energy Solutions. AIA Engineering's wholly owned subsidiary, Vega Industries (Middle East) FZC, UAE will establish facilities in China and Ghana for the manufacture of Hi-Chrome Grinding Media using distinct technology HFCL has secured an order worth Rs 2,501 crore from BSNL for the middle-mile network of BharatNet Phase III in Punjab. The order will be completed within three years. Indian Railway Catering and Tourism Corporation (IRCTC) board has appointed Sudhir Kumar as chief financial officer (CFO) Powered by Capital Market - Live
Net profit of Axis Bank rose 3.86% to Rs 6742.29 crore in the quarter ended December 2024 as against Rs 6491.66 crore during the previous quarter ended December 2023. Total Operating Income rose 11.42% to Rs 32162.20 crore in the quarter ended December 2024 as against Rs 28865.20 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income32162.2028865.20 11 OPM %62.9663.60 - PBDT9006.768687.70 4 PBT9006.768687.70 4 NP6742.296491.66 4 Powered by Capital Market - Live
In Q3 FY25, profit before tax (PBT) increased 3.27% YoY to Rs 8,378.22 crore. The bank's operating profit before provisions & contingencies jumped 15.23% to Rs 10,533.85 crore in Q3 FY25 as compared with Rs 9141.24 crore in Q3 FY24. Provisions & contingencies jumped zoomed 109.62% to Rs 2,155.63 crore in Q3 FY25 as against Rs 1,028.34 crore in Q3 FY24. Net interest income (NII) grew 9% YoY to Rs 13,606 crore. Net Interest Margin (NIM) stood at 3.93% in Q3FY25. Total deposits stood at 10,95,883 crore in Q3 FY25 during the quarter, up 9% YoY. CASA Deposits increased 2% to Rs 4,32,855 crore in Q3 FY25 as compared with Rs 423,458 crore in Q3 FY24. CASA deposits constitute 39% of the total deposits as of 31st December 2024. Net advances increased 9% to Rs 10,14,564 crore as on 31st December 2024 as compared with Rs 932,286 crore as on 31st December 2023. Retail loans grew 11% YoY to Rs 6,05,825 crore and accounted for 60% of the net advances of the Bank, SME book remains well diversified across geographies and sectors, grew 15% YoY to Rs 1,14,101 crore, Corporate loan book grew 3% YoY to Rs 294,638 crore duirng the period under review. The bank's gross non-performing (GNPA) stood at Rs 15,850.27 crore as on 31st December 2024 as against Rs 15,893.01 crore as on 31st December 2023. The ratio of gross NPAs reduced to 1.46% as on 31st December 2024 as against 1.58% as on 31st December 2023. Net NPAs reduced to 0.35% as on 31st December 2024 as against 0.36% as on 31st December 2023. As on December 2024, capital adequacy ratio (basel III) stood at 17.01%. Tier I was at 15.01% and Tier II at 2.00%. The bank's return on average assets (ROA) and Return on equity (ROE) stood at 1.64% and 15.37%, respectively in the quarter ended 31st December 2024. Axis Bank is the third-largest private sector bank in India. During the quarter, the bank added 130 branches taking its overall distribution network to 5,706 domestic branches and extension counters situated across 3,122 centres and 14,476 ATMs and cash recyclers spread across the country. The bank's Axis Virtual Centre is present across six centres with over 1,700 virtual relationship managers as on December 2024. The counter rose 1.25% to end at Rs 1,040.20 on the BSE.Powered by Capital Market - Live
Axis Bank has allotted 86,996 equity shares of Rs. 2/- each of the Bank on 07 January 2025 pursuant to exercise of stock options / units under its ESOP / RSU Scheme. The paid-up share capital of the Bank has accordingly increased from Rs. 6,190,343,062 (3,095,171,531equity shares of Rs. 2/- each) to Rs. 6,190,517,054 (3,095,258,527 equity shares of Rs. 2/- each).Powered by Capital Market - Live
Axis Bank will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live
Axis Bank Ltd lost 1.08% today to trade at Rs 1096.45. The BSE BANKEX index is down 0.2% to quote at 58608.3. The index is up 1.7 % over last one month. Among the other constituents of the index, HDFC Bank Ltd decreased 0.54% and IndusInd Bank Ltd lost 0.41% on the day. The BSE BANKEX index went up 8.72 % over last one year compared to the 11.95% surge in benchmark SENSEX. Axis Bank Ltd has lost 3.4% over last one month compared to 1.7% gain in BSE BANKEX index and 2.26% rise in the SENSEX. On the BSE, 3875 shares were traded in the counter so far compared with average daily volumes of 2.31 lakh shares in the past one month. The stock hit a record high of Rs 1339.55 on 12 Jul 2024. The stock hit a 52-week low of Rs 995.95 on 19 Apr 2024.Powered by Capital Market - Live
Axis Bank has allotted 1,55,783 equity shares of Rs. 2/- each of the Bank on 17 December 2024 pursuant to exercise of stock options / units under its ESOP / RSU Scheme. The paid-up share capital of the Bank has accordingly increased from Rs. 6,189,617,698 (3,094,808,849 equity shares of Rs. 2/- each) to Rs. 6,189,929,264 (3,094,964,632 equity shares of Rs. 2/- each).Powered by Capital Market - Live
Axis Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1132.85, down 1.12% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 24608.35. The Sensex is at 81455.03, up 0.2%.Axis Bank Ltd has eased around 0.69% in last one month.Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has increased around 5.95% in last one month and is currently quoting at 53216.45, down 0.1% on the day. The volume in the stock stood at 42.07 lakh shares today, compared to the daily average of 91.31 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 1138.2, down 1.02% on the day. Axis Bank Ltd jumped 1.11% in last one year as compared to a 16.17% rally in NIFTY and a 11.38% spurt in the Nifty Bank index.The PE of the stock is 13.56 based on TTM earnings ending September 24.Powered by Capital Market - Live
Axis Bank has allotted 1,15,132 equity shares of Rs. 2/-each of the Bank on 04 December 2024 pursuant to exercise of stock options / units under its ESOP / RSU Scheme. The paid-up share capital of the Bank has accordingly increased from Rs. 6,189,021,008 (3,094,510,504 equity shares of Rs. 2/- each) to Rs. 6,189,251,272 (3,094,625,636 equity shares of Rs. 2/- each).Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 14.46%, vs industry avg of 16.68%
Decreasing Market Share
Over the last 5 years, market share decreased from 12.97% to 11.65%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 39.26%, vs industry avg of 43.24%