WEBSITE BSE:532388 NSE : INDIAN OVER. 10 May, 16:01
Market Cap ₹117100 Cr.
Stock P/E 43.9
P/B 4.7
Current Price ₹62
Book Value ₹ 13.1
Face Value 10
52W High ₹83.8
Dividend Yield 0%
52W Low ₹ 23.6
Indian Overseas Bank (the Bank) is engaged in the enterprise of banking. The Bank's segments consist of Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. Its operations consist of home deposits; home advances; foreign exchange operations; investments; micro, small and medium establishments, which include MUDRA Loan Scheme; retail banking, such as Arogya Mahila Savings Bank Accounts; Mid Corporate branch; agricultural credit portfolio; loans to small and marginal farmers; loans to non-corporate farmers, and microfinance. Its personal banking services consist of saving bank, term deposit, retail loans, current account and mortgages and depository services. It offers merchant banking for dividend/interest warrant, issues, debenture trustee, and others. It also offers Internet and cellular banking offerings.
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| #(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 | 4199 | 4216 | 4436 | 4719 | 5057 | 5195 | 5427 | 5825 | 6180 | 6634 |
| Other Income | 1120 | 1505 | 595 | 1135 | 951 | 1436 | 807 | 1117 | 1263 | 2479 |
| Total Income | 5319 | 5721 | 5031 | 5854 | 6008 | 6631 | 6234 | 6942 | 7443 | 9113 |
| Interest Expense | 2626 | 2605 | 2681 | 2764 | 2784 | 2917 | 3102 | 3477 | 3780 | 3868 |
| Operating Expenditure | 1235 | 1502 | 1323 | 1597 | 1684 | 1827 | 1783 | 1785 | 1881 | 3281 |
| Provisions and contingencies | 999 | 1014 | 630 | 988 | 980 | 996 | 838 | 1044 | 701 | 768 |
| Operating Profit | 459 | 600 | 397 | 505 | 560 | 891 | 511 | 636 | 1080 | 1196 |
| Profit Before Tax | 459 | 600 | 397 | 505 | 560 | 891 | 511 | 636 | 1080 | 1196 |
| Provision for Tax | 8 | 48 | 4 | 5 | 5 | 236 | 7 | 8 | 356 | 386 |
| Profit After Tax | 451 | 552 | 393 | 500 | 555 | 656 | 504 | 627 | 724 | 810 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 451 | 552 | 393 | 500 | 555 | 656 | 504 | 627 | 724 | 810 |
| Adjusted Earnings Per Share | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|
| Interest Earned | 16976 | 16736 | 19407 | 24066 |
| Other Income | 5486 | 4905 | 4116 | 5666 |
| Total Income | 22461 | 21641 | 23523 | 29732 |
| Interest Expense | 11069 | 10419 | 11146 | 14227 |
| Operating Expenditure | 5569 | 5459 | 6430 | 8730 |
| Provisions and contingencies | 5056 | 3984 | 3594 | 3351 |
| Operating Profit | 767 | 1779 | 2353 | 3423 |
| Profit Before Tax | 767 | 1779 | 2353 | 3423 |
| Provision for Tax | 8 | 70 | 249 | 757 |
| Profit After Tax | 758 | 1709 | 2104 | 2665 |
| Adjustments | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 758 | 1709 | 2104 | 2665 |
| Adjusted Earnings Per Share | 0.5 | 0.9 | 1.1 | 1.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 16% | 0% | 0% | 0% |
| Operating Profit CAGR | 32% | 0% | 0% | 0% |
| PAT CAGR | 23% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 153% | 58% | 36% | 0% |
| ROE Average | 10% | 10% | 10% | 10% |
| ROCE Average | 8% | 9% | 9% | 9% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Shareholder's Funds | 17099 | 22598 | 24876 |
| Minority's Interest | 0 | 0 | 0 |
| Deposits | 240353 | 262214 | 260974 |
| Borrowings | 3672 | 3071 | 20804 |
| Other Liabilities & Provisions | 13106 | 11148 | 6797 |
| Total Liabilities | 274229 | 299030 | 313450 |
| Cash and balance with RBI | 12189 | 22750 | 17150 |
| Bank Balance | 18793 | 14202 | 3671 |
| Investments | 95485 | 97641 | 93643 |
| Advances | 127741 | 144254 | 178068 |
| Fixed Assets | 2918 | 3366 | 3711 |
| Other Assets | 17102 | 16818 | 17208 |
| Total Assets | 274229 | 299030 | 313450 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 24061 | 30982 | 36951 |
| Cash Flow from Operating Activities | 4949 | 5539 | -15584 |
| Cash Flow from Investing Activities | -46 | -49 | -560 |
| Cash Flow from Financing Activities | 1813 | 479 | 13 |
| Net Cash Inflow / Outflow | 6716 | 5969 | -16130 |
| Closing Cash & Cash Equivalent | 30776 | 36951 | 20821 |
| # | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Earnings Per Share (Rs) | 0.46 | 0.9 | 1.11 |
| CEPS(Rs) | 0.62 | 1 | 1.25 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 8.92 | 10.5 | 11.7 |
| Yield on Advances | 13.29 | 11.6 | 10.9 |
| Yield on Investments | 7.89 | 6.77 | 6.51 |
| Cost of Liabilities | 4.54 | 3.93 | 3.96 |
| NIM (Net Interest Margin) | 2.32 | 2.27 | 2.82 |
| Interest Spread | 8.75 | 7.67 | 6.94 |
| ROA(%) | 0.48 | 0.6 | 0.69 |
| ROE(%) | 9.36 | 9.9 | 10.03 |
| ROCE(%) | 9.99 | 8.52 | 8.31 |
| PER(x) | 34.68 | 20.13 | 20.26 |
| Price/Book(x) | 1.79 | 1.73 | 1.93 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.77 | 2.24 | 3.27 |
| EV/Core EBITDA(x) | 5.15 | 6.5 | 10.67 |
| Interest Earned Growth(%) | 387.16 | -1.41 | 15.96 |
| Net Profit Growth | 81.87 | 125.39 | 23.09 |
| Advances Growth | 634.98 | 12.93 | 23.44 |
| EPS Growth(%) | -95.08 | 95.99 | 23.09 |
| Loans/Deposits(x) | 1.53 | 1.17 | 7.97 |
| Cash/Deposits(x) | 0.05 | 0.09 | 0.07 |
| Current Ratio(x) | 0.4 | 0.37 | 0.36 |
| Quick Ratio(x) | 1.53 | 1.17 | 7.97 |
| CASA % | 42.51 | 43.43 | 43.73 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 96.38 | 96.38 | 96.38 | 96.38 | 96.38 | 96.38 | 96.38 | 96.38 | 96.38 | 96.38 |
| FII | 0.07 | 0.08 | 0.07 | 0.08 | 0.1 | 0.14 | 0.09 | 0.15 | 0.03 | 0.05 |
| DII | 1.3 | 1.31 | 1.33 | 1.35 | 1.37 | 1.36 | 1.34 | 1.34 | 1.3 | 1.29 |
| Public | 2.24 | 2.23 | 2.21 | 2.19 | 2.16 | 2.12 | 2.19 | 2.13 | 2.3 | 2.28 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1821.83 | 1821.83 | 1821.83 | 1821.83 | 1821.83 | 1821.83 | 1821.83 | 1821.83 | 1821.83 | 1821.83 |
| FII | 1.35 | 1.47 | 1.32 | 1.46 | 1.8 | 2.65 | 1.71 | 2.78 | 0.51 | 0.92 |
| DII | 24.65 | 24.75 | 25.23 | 25.59 | 25.84 | 25.74 | 25.28 | 25.42 | 24.48 | 24.46 |
| Public | 42.41 | 42.19 | 41.86 | 41.36 | 40.77 | 40.02 | 41.42 | 40.21 | 43.42 | 43.03 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1890.24 | 1890.24 | 1890.24 | 1890.24 | 1890.24 | 1890.24 | 1890.24 | 1890.24 | 1890.24 | 1890.24 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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