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Consolidated Standalone

Indian Bank

₹514 -2.3 | 0.4%

Market Cap ₹69227 Cr.

Stock P/E 7.9

P/B 1.3

Current Price ₹514

Book Value ₹ 402.9

Face Value 10

52W High ₹573.5

Dividend Yield 2.33%

52W Low ₹ 267.3

Edit Ratio

Indian Bank Research see more...

Overview Inc. Year: 1907Industry: Bank - Public

Indian Bank offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Company gives merchandise below various categories, including agriculture, corporate, personal/character, enterprise, professional self-hired, small and medium-sized corporation (SME), cards, training, Non-Resident Indian (NRI), belongings and technology. Its deposits include financial savings bank (SB) account, together with SB Vikas Khata, SB Platinum, SB Power, SB Silver and SB Gold; current account, inclusive of Premium Current Account and IB i-Freedom Current Account; term deposits, including fixed deposit, re-funding plan, insured ordinary deposit, variable routine deposit and facility deposit, and NRI debts, such as Non-Resident Ordinary Account. It additionally gives offerings, which consist of top class services, coverage offerings and e-fee of indirect taxes. The Bank has about 70 specialised branches throughout the country.

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Indian Bank Share Price

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Peer Comparison

Indian Bank Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Interest Earned 9930 9849 10166 10728 11836 12255 13050 13764 14203 14633
Other Income 1715 1707 1732 1987 1926 2161 1871 2166 2113 2432
Total Income 11646 11556 11898 12714 13762 14416 14921 15929 16315 17065
Interest Expense 5530 5578 5620 6026 6335 6736 7346 8003 8383 8609
Operating Expenditure 2809 3222 2702 3038 3345 3640 3418 3599 3809 4127
Provisions and contingencies 2493 1921 2220 2060 2516 2562 1744 1551 1349 1251
Operating Profit 814 835 1356 1590 1567 1477 2415 2777 2774 3078
Profit Before Tax 814 835 1356 1590 1567 1477 2415 2777 2774 3078
Provision for Tax 110 -162 139 346 159 15 690 769 638 818
Profit After Tax 704 997 1216 1245 1408 1462 1724 2008 2136 2260
Adjustments 27 27 95 43 47 58 125 60 69 35
Profit After Adjustments 732 1024 1311 1287 1454 1520 1850 2068 2206 2296
Adjusted Earnings Per Share 5.9 8.2 10.5 10.3 11.7 12.2 14.9 16.6 16.4 17

Indian Bank Profit & Loss

#(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 13898 15249 15853 16244 16039 17115 19182 21401 39108 38888 44985 55650
Other Income 1290 1378 1372 1789 2222 2417 1891 3326 6111 7380 7805 8582
Total Income 15187 16627 17226 18033 18262 19532 21074 24727 45219 46268 52790 64230
Interest Expense 9367 10887 11390 11795 10891 10851 12167 13798 23439 22129 24717 32341
Operating Expenditure 2758 2838 2825 3202 3363 3673 4028 4433 10789 11354 12725 14953
Provisions and contingencies 1235 1426 1534 2077 2241 3927 4595 5119 8075 9532 9384 5895
Operating Profit 1827 1476 1477 958 1765 1080 283 1377 2917 3253 5963 11044
Profit Before Tax 1827 1476 1477 958 1765 1080 283 1377 2917 3253 5963 11044
Provision for Tax 245 317 463 244 353 -183 -38 619 -99 -741 633 2915
Profit After Tax 1582 1160 1013 715 1413 1263 321 758 3016 3994 5330 8128
Adjustments 28 30 35 37 40 48 59 103 133 148 242 289
Profit After Adjustments 1609 1189 1049 751 1453 1311 380 861 3149 4142 5572 8420
Adjusted Earnings Per Share 36.6 25 21.8 15.6 30.3 27.3 7.9 14.1 27.9 33.3 44.7 64.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 28% 21% 12%
Operating Profit CAGR 83% 63% 41% 13%
PAT CAGR 33% 92% 33% 13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 79% 63% 16% 16%
ROE Average 13% 11% 8% 9%
ROCE Average 11% 9% 7% 8%

Indian Bank Balance Sheet

#(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 12093 14024 15029 16490 17434 18715 19715 22768 39458 44952 49507
Minority's Interest 15 15 16 17 19 20 20 21 23 25 26
Deposits 141968 162255 169204 178259 182480 208262 242041 260184 538030 593571 621123
Borrowings 2863 4964 2646 3509 12637 19760 12138 20830 24763 17218 22092
Other Liabilities & Provisions 6016 6130 6140 5666 5938 6224 6474 6338 23262 18331 20585
Total Liabilities 162953 187388 193036 203941 218507 252981 280388 310141 625535 674096 713334
Cash and balance with RBI 7064 7758 8301 9174 5589 10502 11702 5736 27545 58555 32693
Bank Balance 2575 2737 4781 2825 4459 2432 8326 8200 23959 21414 17524
Investments 41899 46935 46060 53283 67781 71619 65272 81871 178292 176502 188366
Advances 105647 122212 125870 129055 127708 156569 181262 197887 362669 389186 449294
Fixed Assets 1697 2935 2969 3508 3436 3421 3964 3898 7391 7693 7470
Other Assets 4071 4808 5049 6088 9525 8438 9862 12547 25677 20742 17976
Total Assets 162953 187388 193036 203941 218507 252981 280388 310141 625535 674096 713334

Indian Bank Cash Flow

#(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 8815 9639 10494 13082 12000 10047 12934 20028 11175 51504 79968
Cash Flow from Operating Activities 3447 -725 5136 -931 -10814 -3676 6270 -8396 17231 28750 -27894
Cash Flow from Investing Activities -191 -147 -236 -772 -179 -214 -249 -247 -545 -305 -314
Cash Flow from Financing Activities -2431 1727 -2312 620 9041 6776 1000 2552 1866 18 -1543
Net Cash Inflow / Outflow 825 855 2588 -1082 -1952 2886 7021 -6091 18552 28464 -29751
Closing Cash & Cash Equivalent 9639 10494 13082 12000 10047 12934 20028 13936 51504 79968 50217

Indian Bank Ratios

# 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) 36.6 25.02 21.84 15.64 30.25 27.29 7.91 14.15 27.88 33.26 44.74
CEPS(Rs) 38.94 27.21 23.99 18.02 32.88 31.23 12.08 17.61 32.31 36.89 47.07
DPS(Rs) 6.6 4.7 4.2 1.5 6 6 0 0 2 6.5 8.6
Book NAV/Share(Rs) 245.69 251.44 265.54 285.42 306.76 335.09 346.05 373.97 349.38 311.06 348.47
Yield on Advances 13.15 12.48 12.59 12.59 12.56 10.93 10.58 10.81 10.78 9.99 10.01
Yield on Investments 8.24 8.75 8.31 8.37 7.81 8.06 7.99 7.52 7.46 7.16 6.41
Cost of Liabilities 6.47 6.51 6.63 6.49 5.58 4.76 4.79 4.91 4.16 3.62 3.84
NIM (Net Interest Margin) 2.88 2.43 2.41 2.29 2.5 2.6 2.63 2.59 2.64 2.6 2.95
Interest Spread 6.69 5.97 5.97 6.1 6.98 6.17 5.8 5.91 6.62 6.37 6.17
ROA(%) 1.04 0.66 0.53 0.36 0.67 0.54 0.12 0.26 0.64 0.61 0.77
ROE(%) 15.89 10.42 8.29 5.4 9.94 8.19 1.96 3.85 9.69 10.21 12.98
ROCE(%) 14.14 10.29 9.04 6.42 8.4 5.07 3.47 5.78 7.67 7.04 11.21
PER(x) 4.74 4.6 7.92 6.69 9.24 10.97 35.19 3.05 4.17 4.62 6.44
Price/Book(x) 0.71 0.46 0.65 0.37 0.91 0.89 0.8 0.12 0.33 0.49 0.83
Dividend Yield(%) 3.81 4.08 2.43 1.43 2.15 2 0 0 1.72 4.23 2.99
EV/Net Sales(x) 0.77 0.68 0.69 0.53 1.62 1.99 1.33 1.1 0.97 0.94 1.29
EV/Core EBITDA(x) 3.5 3.56 3.64 2.81 6.5 6.82 5.23 3.61 3.45 2.84 3.78
Interest Earned Growth(%) 13.66 9.73 3.96 2.47 -1.26 6.71 12.08 11.57 82.74 -0.56 15.68
Net Profit Growth -9.43 -26.69 -12.6 -29.5 97.74 -10.62 -74.59 136.21 297.81 32.44 33.47
Advances Growth 16.96 15.68 2.99 2.53 -1.04 22.6 15.77 9.17 83.27 7.31 15.44
EPS Growth(%) -8.86 -31.64 -12.73 -28.37 93.41 -9.81 -70.99 78.76 97.09 19.26 34.54
Loans/Deposits(x) 2.02 3.06 1.56 1.97 6.93 9.49 5.01 8.01 4.6 2.9 3.56
Cash/Deposits(x) 0.05 0.05 0.05 0.05 0.03 0.05 0.05 0.02 0.05 0.1 0.05
Current Ratio(x) 0.3 0.29 0.27 0.3 0.37 0.34 0.27 0.31 0.33 0.3 0.3
Quick Ratio(x) 2.02 3.06 1.56 1.97 6.93 9.49 5.01 8.01 4.6 2.9 3.56
CASA % 27.6 27.15 28.78 31.28 37.09 36.96 34.71 34.65 42.3 41.77 41.99

Indian Bank Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 79.86 79.86 79.86 79.86 79.86 79.86 79.86 79.86 73.84 73.84
FII 1.84 1.72 2.03 2.56 3.55 4.13 3.96 4.3 5.88 5.28
DII 10.6 11.12 11.69 12.13 11.97 11.59 11.6 11.79 15.84 16.96
Public 7.7 7.3 6.42 5.45 4.62 4.43 4.58 4.05 4.44 3.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years

Cons

  • Company has a low return on equity of 11% over the last 3 years.

* 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.

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