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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532215 | NSE: AXISBANK

Fundamental Analysis of Axis Bank Ltd

Basic Stock Data of Axis Bank Ltd

Last Updated: April 10, 2024, 3:24 am

Market Cap 3,30,541 Cr.
Current Price 1,071
High / Low1,152/844
Stock P/E12.8
Book Value 422
Dividend Yield0.09 %
ROCE5.12 %
ROE8.73 %
Face Value 2.00
PEG Ratio0.28

Competitors of Axis Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Yes Bank Ltd 68,449 Cr. 22.832.8/14.153.2 13.80.00 %6.29 %3.23 % 2.00
Equitas Small Finance Bank Ltd 10,810 Cr. 95.2116/80.113.5 46.41.05 %10.4 %15.5 % 10.0
IDFC First Bank Ltd 55,191 Cr. 78.0101/65.818.8 39.10.00 %7.79 %11.4 % 10.0
Kotak Mahindra Bank Ltd 3,38,632 Cr. 1,7032,064/1,54418.6 5630.09 %8.75 %16.3 % 5.00
Karur Vysya Bank Ltd 15,817 Cr. 197209/1049.86 1071.02 %7.50 %18.7 % 2.00
Industry Average97,779.80 Cr419.2022.79153.860.43%8.15%13.03%5.80

Axis Bank Ltd Quarterly Results

Month

Axis Bank Ltd Quarterly Chart

Axis Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue21,99527,20230,73635,72741,40945,17546,61456,04463,71664,39768,84687,448101,136
Interest13,96917,51318,70321,34124,34426,78927,60433,88337,99634,62734,92343,38952,395
Expenses6,8958,5389,94411,52113,86924,32729,71728,02035,97632,62131,20718,50136,562
Financing Profit1,1311,1512,0892,8653,196-5,941-10,706-5,860-10,256-2,8512,71625,55812,178
Financing Margin %5%4%7%8%8%-13%-23%-10%-16%-4%4%29%12%
Other Income5,4876,8337,7668,8389,95512,42211,86314,18916,34213,57717,2626,2099,493
Depreciation3483593754204615275917378069761,04913,1460
Profit before tax6,2707,6259,47911,28312,6905,9545667,5925,2809,75018,92918,62121,671
Tax %33%31%33%34%34%33%18%34%64%26%25%42%
Net Profit4,2205,2356,3117,4508,3583,9674645,0471,8797,25214,20710,91913,224
EPS in Rs20.4222.3726.8631.4235.0416.511.7819.596.5723.4945.9935.1642.60
Dividend Payout %16%16%15%15%14%30%0%5%0%0%2%3%

Axis Bank Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)24.05%20.55%18.05%12.19%-52.54%-88.30%987.72%-62.77%285.95%95.90%-23.14%
Change in YoY Net Profit Growth (%)0.00%-3.50%-2.51%-5.86%-64.72%-35.77%1076.02%-1050.49%348.72%-190.05%-119.05%

Axis Bank Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:15%
3 Years:20%
TTM:29%
Compounded Profit Growth
10 Years:15%
5 Years:39%
3 Years:54%
TTM:144%
Stock Price CAGR
10 Years:12%
5 Years:8%
3 Years:17%
1 Year:27%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:14%
Last Year:20%

Last Updated: April 10, 2024, 3:24 am

Axis Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital413468470474477479513514564613614615
Reserves22,26932,69037,92644,47553,08255,90163,69467,28885,776102,981117,647129,166
Borrowings254,059296,254333,280406,638472,150527,437611,425711,996797,337859,8721,020,9431,152,038
Other Liabilities8,67511,14514,67415,65620,67827,64428,07134,24844,19446,85956,57662,598
Total Liabilities285,417340,558386,350467,243546,387611,462703,703814,046927,8721,010,3251,195,7791,344,418
Fixed Assets2,2042,2452,3462,4473,3583,5183,6973,8423,9124,2114,7535,000
CWIP80142102105216292352288483118215142
Investments92,921113,378113,093118,527131,399129,018153,037174,056155,282225,336274,608288,095
Other Assets190,211224,792270,810346,164411,414478,633546,618635,860768,196780,660916,2031,051,181
Total Assets285,417340,558386,350467,243546,387611,462703,703814,046927,8721,010,3251,195,7791,344,418

Axis Bank Ltd Reserves and Borrowings Chart

Axis Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -9,9042,57314,464-15,162-34,49532,209-38,39037,12530,41612,63328,13722,075
Cash from Investing Activity -4,840-10,939-14,166-7,9729,211-12,458-10,007-18,674-9,485-54,288-27,112-32,351
Cash from Financing Activity 7,27014,9317,78531,04522,495-2,48741,3425,6438,8657,27947,8946,641
Net Cash Flow-7,4746,5668,0827,910-2,78917,263-7,05524,09429,795-34,37548,919-3,636

Axis Bank Ltd Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-248.00-288.00-324.00-395.00-459.00-503.00-582.00-683.00-762.00-824.0030.0029.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Axis Bank Ltd Free Cash Flow Chart

Axis Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %20%19%18%18%17%7%1%8%2%8%13%9%

Axis Bank Ltd Financial Efficiency Indicators Chart

Axis Bank Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters11.69%11.64%9.71%9.70%9.70%9.69%8.19%8.16%8.19%8.22%8.20%8.22%
FIIs52.49%51.38%47.44%46.93%46.58%46.12%49.45%49.05%52.00%53.00%54.68%53.84%
DIIs24.27%25.32%30.21%30.50%31.47%32.26%31.51%32.01%29.91%29.03%28.83%30.12%
Public11.55%11.66%12.64%12.87%12.25%11.95%10.83%10.79%9.91%9.76%8.27%7.81%
No. of Shareholders6,23,6186,17,8368,52,5148,13,5309,16,5638,50,8068,09,8058,46,2618,01,2097,85,6017,85,5027,86,166

Axis Bank Ltd Shareholding Pattern Chart

No. of Axis Bank Ltd Shareholders

Axis Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Nifty 50 ETF514497243.375526.99
SBI S&P BSE Sensex ETF370693113.993983.65
Parag Parikh Flexi Cap Fund236455585.262540.12
ICICI Prudential Bluechip Fund199381124.741957.62
Mirae Asset Large Cap Fund182310955.211790.02
HDFC Balanced Advantage Fund - Regular Plan126408601.941241.14
HDFC Flexi Cap Fund - Regular Plan126000003.141237.13
HDFC Top 100 Fund - Regular Plan117027144.461149.03
SBI Balanced Advantage Fund87709873.72942.22
Aditya Birla Sun Life Frontline Equity Fund75877593.36815.12

Axis Bank Ltd ROCE Trend

Axis Bank Ltd EPS Trend

Axis Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value2.002.002.002.002.00
Basic EPS (Rs.)35.2046.0424.196.8319.61
Diluted EPS (Rs.)35.0445.9124.196.8019.49
Cash EPS (Rs.)78.0049.5626.879.5222.49
Book Value[Excl.RevalReserv]/Share (Rs.)421.80385.25338.13305.99263.65
Book Value[Incl.RevalReserv]/Share (Rs.)421.80385.25338.13305.99263.65
Operating Revenue / Share (Rs.)284.21224.27211.17225.81217.93
Net Profit / Share (Rs.)35.2746.1423.676.6619.63
Net Profit After MI / Share (Rs.)35.1645.9923.496.5719.59
Net Profit Margin (%)12.4120.5711.202.949.00
Net Profit After MI And SOA Nargin (%)12.3720.5011.122.908.99
Operating Profit Margin (%)-8.98-4.50-13.75-22.69-16.31
Return On Assets (%)0.801.180.710.190.61
Return On Equity / Networth (%)8.3311.936.942.147.43
Net Interest Margin (X)3.272.832.942.772.72
Cost To Income (%)48.9042.9947.8250.1944.56
Interest Income / Total Assets (%)6.505.756.406.866.88
Non-Interest Income / Total Assets (%)1.391.441.591.761.74
Operating Profit / Total Assets (%)-0.58-0.25-0.88-1.55-1.12
Operating Expenses / Total Assets (%)3.062.071.891.942.05
Interest Expenses / Total Assets (%)3.222.923.454.094.16
Enterprise Value (Rs.Cr.)1350052.721160158.341021760.03819404.35876482.09
EV Per Net Sales (X)15.4416.8515.7912.8615.64
Price To Book Value (X)2.041.972.061.242.94
Price To Sales (X)3.023.393.301.683.56
Retention Ratios (%)97.16100.00100.0082.0999.46
Earnings Yield (X)0.040.060.030.010.02

Axis Bank Ltd Profitability Ratios (%)

Axis Bank Ltd Liquidity Ratios

Axis Bank Ltd Liquidity Ratios (%)

Axis Bank Ltd Interest Coverage Ratios (%)

Axis Bank Ltd Valuation Ratios

Fair Value

Fair Value: ₹471.98

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 55.93% compared to the current price ₹1071

Intrinsic Value: ₹688.93

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 35.67% compared to the current price ₹1071

Last 5 Year EPS CAGR: 45.96%

*Investments are subject to market risks

Strength and Weakness of Axis Bank Ltd Stock

Unable to fetch valid data for stock valuation.

Should I Buy Axis Bank Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Axis Bank Ltd:
    1. Net Profit Margin: 12.41%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: 7.61%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: N/A% (Industry Average ROE: 10.93%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 12.8 (Industry average Stock P/E: 21.14)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Axis Bank Ltd

Axis Bank Ltd. is a Public Limited Listed company incorporated on 03/12/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L65110GJ1993PLC020769 and registration number is 020769. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 67376.83 Cr. and Equity Capital is Rs. 613.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector'Trishul', 3rd Floor, Ahmedabad Gujarat 380006shareholders@axisbank.com
http://www.axisbank.com
Management
NamePosition Held
Mr. Rakesh MakhijaPart Time Chairman & Independent Director
Mr. Amitabh ChaudhryManaging Director & CEO
Mr. Rajiv AnandDeputy Managing Director
Mr. Ashish KotechaNon Exe. & Nominee Director
Mr. T C Suseel KumarNon Exe. & Nominee Director
Ms. Meena GaneshIndependent Director
Mr. Gopalaraman PadmanabhanIndependent Director
Prof. S Mahendra DevIndependent Director
Mr. Girish ParanjpeIndependent Director
Mrs. Ketaki BhagwatiIndependent Director
Mr. S S MallikarjunaraoIndependent Director
Mr. P N PrasadIndependent Director
Mr. Manoj KohliIndependent Director

FAQ

What is the latest fair value of Axis Bank Ltd?

The latest fair value of Axis Bank Ltd is 471.98.

What is the Market Cap of Axis Bank Ltd?

The Market Cap of Axis Bank Ltd is 3,30,541 Cr..

What is the current Stock Price of Axis Bank Ltd as on 13 April 2024?

The current stock price of Axis Bank Ltd as on 13 April 2024 is 1,071.

What is the High / Low of Axis Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of Axis Bank Ltd stocks is ₹1,152/844.

What is the Stock P/E of Axis Bank Ltd?

The Stock P/E of Axis Bank Ltd is 12.8.

What is the Book Value of Axis Bank Ltd?

The Book Value of Axis Bank Ltd is 422.

What is the Dividend Yield of Axis Bank Ltd?

The Dividend Yield of Axis Bank Ltd is 0.09 %.

What is the ROCE of Axis Bank Ltd?

The ROCE of Axis Bank Ltd is 5.12 %.

What is the ROE of Axis Bank Ltd?

The ROE of Axis Bank Ltd is 8.73 %.

What is the Face Value of Axis Bank Ltd?

The Face Value of Axis Bank Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Axis Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE