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Axis Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,168.83Overvalued by 14.43%vs CMP ₹1,366.00

P/E (16.1) × ROE (13.2%) × BV (₹687.00) × DY (0.07%)

₹1,017.49Overvalued by 25.51%vs CMP ₹1,366.00
MoS: -34.3% (Negative)Confidence: 50/100 (Moderate)Models: 1 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,320.5526%Fair (-3.3%)
Graham NumberEarnings₹1,143.9519%Over (-16.3%)
Earnings PowerEarnings₹648.2513%Over (-52.5%)
DCFCash Flow₹1,590.1516%Under (+16.4%)
Net Asset ValueAssets₹637.838%Over (-53.3%)
EV/EBITDAEnterprise₹56.7210%Over (-95.8%)
Earnings YieldEarnings₹846.608%Over (-38%)
Consensus (7 models)₹1,017.49100%Overvalued
Key Drivers: Wide model spread (₹57–₹1,590) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.0%

*Investments are subject to market risks

Analyst Summary

Axis Bank Ltd operates in the Finance - Banks - Private Sector segment, NSE: AXISBANK | BSE: 532215, current market price is ₹1,366.00, market cap is 4,24,599 Cr.. At a glance, stock P/E is 16.1, ROE is 13.2 %, ROCE is 6.24 %, book value is 687, dividend yield is 0.07 %. The latest intrinsic value estimate is ₹1,017.49, around 25.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹127,374 Cr versus the prior period change of 13.0%, while latest net profit is about ₹28,191 Cr with a prior-period change of 6.4%. The 52-week range shown on this page is 1,418/1,041, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAxis 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 L65110GJ199…

This summary is generated from the stock page data available for Axis Bank Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

51
Axis Bank Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 6.2% WeakROE 13.2% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.36% (6mo) SellingDII holding up 1.78% MF buyingPromoter holding at 8.2% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -7% YoY Declining
Industry Rank50/100 · Moderate
P/E 16.1 vs industry 18.6 In-lineROCE 6.2% vs industry 6.7% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:23 pm

Market Cap 4,24,599 Cr.
Current Price 1,366
Intrinsic Value₹1,017.49
High / Low 1,418/1,041
Stock P/E16.1
Book Value 687
Dividend Yield0.07 %
ROCE6.24 %
ROE13.2 %
Face Value 2.00
PEG Ratio1.24

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Axis Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Axis Bank Ltd 4,24,599 Cr. 1,366 1,418/1,04116.1 6870.07 %6.24 %13.2 % 2.00
Kotak Mahindra Bank Ltd 3,68,865 Cr. 371 453/34519.6 1690.13 %8.17 %15.4 % 1.00
Federal Bank Ltd 72,213 Cr. 293 302/18317.6 1470.41 %7.03 %12.9 % 2.00
IndusInd Bank Ltd 66,064 Cr. 848 969/71170.8 8380.00 %5.69 %1.44 % 10.0
Yes Bank Ltd 62,258 Cr. 19.8 24.3/17.217.7 16.30.00 %5.98 %7.10 % 2.00
Industry Average146,759.91 Cr333.6818.58218.200.56%6.67%11.54%6.30

All Competitor Stocks of Axis Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue22,84324,63026,24627,41828,86530,23131,15931,60132,16232,45232,34832,31033,709
Interest 11,09412,58013,97214,74915,94316,72717,26117,61518,04018,12118,23917,97118,785
Expenses 8,5778,1019,73110,05910,50611,12411,89212,41211,91311,94313,98314,30212,743
Financing Profit3,1713,9482,5432,6092,4162,3792,0061,5752,2102,389127362,181
Financing Margin %14%16%10%10%8%8%6%5%7%7%0%0%6%
Other Income 5,148-7,1015,6485,7056,2727,6066,6377,6036,7977,5068,0537,4607,189
Depreciation 0000000000000
Profit before tax 8,319-3,1538,1928,3148,6889,9858,6439,1779,0079,8958,1807,4969,371
Tax % 25%70%26%25%25%24%25%19%25%24%23%26%25%
Net Profit 6,215-5,3346,1136,2306,5207,6306,4677,4366,7797,5096,2795,5677,060
EPS in Rs 20.12-17.4319.7820.1321.0524.6220.8323.9321.7824.1320.1317.8222.58
Gross NPA %
Net NPA %

Last Updated: February 6, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 12:34 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue30,73635,72741,40945,17546,61456,04463,71664,39768,84687,448112,759127,374130,820
Interest 18,70321,34124,34426,78927,60433,88337,99634,62734,92343,38961,39171,03673,116
Expenses 9,94411,52113,86924,32729,71728,02035,97632,62131,21630,64140,03646,39552,970
Financing Profit2,0892,8653,196-5,941-10,706-5,860-10,256-2,8512,70713,41811,3339,9434,733
Financing Margin %7%8%8%-13%-23%-10%-16%-4%4%15%10%8%4%
Other Income 7,7668,8389,95512,42211,86314,18916,34213,57717,26818,34925,23028,54330,208
Depreciation 3754204615275917378069761,04613,1461,3851,7630
Profit before tax 9,47911,28312,6905,9545667,5925,2809,75018,92918,62135,17836,72234,941
Tax % 33%34%34%33%18%34%64%26%25%42%25%23%
Net Profit 6,3117,4508,3583,9674645,0471,8797,25214,20710,91926,49228,19126,415
EPS in Rs 26.8631.4235.0416.511.7819.596.5723.4945.9935.1685.4990.5884.66
Dividend Payout % 15%15%14%30%0%5%0%0%2%3%1%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)18.05%12.19%-52.54%-88.30%987.72%-62.77%285.95%95.90%-23.14%142.62%6.41%
Change in YoY Net Profit Growth (%)0.00%-5.86%-64.72%-35.77%1076.02%-1050.49%348.72%-190.05%-119.05%165.77%-136.21%

Axis Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:15%
3 Years:23%
TTM:9%
Compounded Profit Growth
10 Years:14%
5 Years:72%
3 Years:26%
TTM:4%
Stock Price CAGR
10 Years:9%
5 Years:18%
3 Years:12%
1 Year:-11%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:15%
Last Year:16%

Last Updated: September 5, 2025, 12:10 am

Balance Sheet

Last Updated: February 1, 2026, 12:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 470474477479513514564613614615617619621
Reserves 37,92644,47553,08255,90163,69467,28885,776102,981117,647129,166156,406186,616197,639
Deposits280,541322,244358,302414,983455,658550,746642,157698,303821,165945,8251,067,1021,170,9211,201,656
Borrowing52,73984,394113,848112,455155,767161,250155,180152,249199,778206,214228,200220,687240,841
Other Liabilities 14,67415,65620,67827,64428,07134,24844,19446,85956,57662,59865,91378,11989,352
Total Liabilities 386,350467,243546,387611,462703,703814,046927,8721,001,0051,195,7791,344,4181,518,2391,656,9631,730,109
Fixed Assets 2,3462,4473,3583,5183,6973,8423,9124,5014,7535,0005,8606,6616,620
CWIP 1021052162923522884831182151422671210
Investments 113,093118,527131,399129,018153,037174,056155,282225,336274,608288,095332,354396,685392,986
Other Assets 270,810346,164411,414478,633546,618635,860768,196771,050916,2031,051,1811,179,7581,253,4961,330,502
Total Assets 386,350467,243546,387611,462703,703814,046927,8721,001,0051,195,7791,344,4181,518,2391,656,9631,730,109

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -15,162-34,49532,209-38,39037,12530,41612,63328,13722,075-5,55544,384-8,637
Cash from Investing Activity + -7,9729,211-12,458-10,007-18,674-9,485-54,288-27,112-32,351-9,001-51,178-45,917
Cash from Financing Activity + 31,04522,495-2,48741,3425,6438,8657,27947,8946,64122,341-7,00060,358
Net Cash Flow 7,910-2,78917,263-7,05524,09429,795-34,37548,919-3,6367,785-13,7945,804
Free Cash Flow -15,691-35,97031,441-39,23336,30029,33911,70826,73620,697-7,93141,951-10,797
CFO/OP -63%-109%180%-208%144%121%46%87%51%2%65%-2%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-271.00-311.00-345.00-390.00-426.00-522.00-607.00-666.00-790.00-915.0039.0045.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 18%18%17%7%1%8%2%8%13%9%18%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 8.16%8.19%8.22%8.20%8.22%8.31%8.29%8.23%8.18%8.17%8.16%8.15%
FIIs 49.05%52.00%53.00%54.68%53.84%53.43%51.78%47.32%43.94%43.81%41.89%42.58%
DIIs 32.01%29.91%29.03%28.83%30.12%31.63%33.21%37.48%40.87%41.22%42.87%42.65%
Public 10.79%9.91%9.76%8.27%7.81%6.63%6.71%6.97%6.99%6.80%7.06%6.61%
No. of Shareholders 8,46,2618,01,2097,85,6017,85,5027,86,1667,69,6518,28,6298,99,9499,35,4538,85,7259,18,7808,63,758

Shareholding Pattern Chart

No. of Shareholders

Axis Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Flexi Cap Fund 54,000,000 7.59 7400.16N/AN/AN/A
Parag Parikh Flexi Cap Fund 33,244,875 3.4 4555.88N/AN/AN/A
ICICI Prudential Large Cap Fund 25,789,059 4.61 3534.13N/AN/AN/A
HDFC Balanced Advantage Fund 19,825,582 2.54 2716.919,827,4572026-02-23 04:24:56-0.01%
ICICI Prudential Multi Asset Fund 16,726,017 2.84 2292.1317,676,0172026-02-23 04:24:56-5.37%
Kotak Flexicap Fund 16,000,000 3.88 2192.64N/AN/AN/A
Nippon India Large Cap Fund 15,615,542 4.27 2139.9516,989,0982025-12-14 04:01:34-8.08%
HDFC Focused Fund 15,000,000 7.81 2055.6N/AN/AN/A
ICICI Prudential Value Fund 14,404,841 3.27 1974.0420,006,0912026-02-23 04:24:56-28%
Nippon India Multi Cap Fund 14,140,351 3.97 1937.7916,099,8952025-12-15 04:02:53-12.17%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value2.002.002.002.002.00
Basic EPS (Rs.) 90.7285.6235.2046.0424.19
Diluted EPS (Rs.) 90.1885.0135.0445.9124.19
Cash EPS (Rs.) 96.4790.1178.0049.5626.87
Book Value[Excl.RevalReserv]/Share (Rs.) 604.50508.73421.80385.25338.13
Book Value[Incl.RevalReserv]/Share (Rs.) 604.50508.73421.80385.25338.13
Operating Revenue / Share (Rs.)411.24365.32284.21224.27211.17
Net Profit / Share (Rs.) 90.7685.6135.2746.1423.67
Net Profit After MI / Share (Rs.)90.5885.4935.1645.9923.49
Net Profit Margin (%) 22.0723.4312.4120.5711.20
Net Profit After MI And SOA Nargin (%)22.0223.4012.3720.5011.12
Operating Profit Margin (%)33.1134.4917.2927.6615.79
Return On Assets (%) 1.691.730.801.180.71
Return On Equity / Networth (%)14.9816.808.3311.936.94
Net Interest Margin (X)3.403.383.272.832.94
Cost To Income (%)47.1148.6265.6848.4941.75
Interest Income / Total Assets (%)7.687.426.505.756.40
Non-Interest Income / Total Assets (%)1.721.661.391.441.59
Operating Profit / Total Assets (%)-0.020.07-0.58-0.25-0.88
Operating Expenses / Total Assets (%)2.412.453.062.071.89
Interest Expenses / Total Assets (%)4.284.043.222.923.45
Enterprise Value (Rs.Cr.)1659266.201532787.501350052.721160158.341021760.03
EV Per Net Sales (X)13.0313.5915.4416.8515.79
Price To Book Value (X)1.822.062.041.972.06
Price To Sales (X)2.682.873.023.393.30
Retention Ratios (%) 98.8998.8397.16100.00100.00
Earnings Yield (X)0.080.080.040.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 127032.23 Cr. and Equity Capital is Rs. 621.63 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector'Trishul', 3rd Floor, Opp. Samartheshwar Temple, Ahmedabad Gujarat 380006Contact not found
Management
NamePosition Held
Mr. N S VishwanathanPart Time Chairman & Independent Director
Mr. Amitabh ChaudhryManaging Director & CEO
Mr. Subrat MohantyExecutive Director
Mr. Munish ShardaExecutive Director
Ms. Meena GaneshIndependent Director
Mr. Gopalaraman PadmanabhanIndependent Director
Mr. Girish ParanjpeIndependent Director
Mr. P N PrasadIndependent Director
Mr. S S MallikarjunaraoIndependent Director
Mr. Pranam WahiIndependent Director
Ms. Mini IpeNon Exe. & Nominee Director
Ms. Malavika R HaritaIndependent Director
Mr. Neeraj GambhirExecutive Director

FAQ

What is the intrinsic value of Axis Bank Ltd and is it undervalued?

As of 29 April 2026, Axis Bank Ltd's intrinsic value is ₹1017.49, which is 25.51% lower than the current market price of ₹1,366.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.2 %), book value (₹687), dividend yield (0.07 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Axis Bank Ltd?

Axis Bank Ltd is trading at ₹1,366.00 as of 29 April 2026, with a FY2026-2027 high of ₹1,418 and low of ₹1,041. The stock is currently near its 52-week high. Market cap stands at ₹4,24,599 Cr..

How does Axis Bank Ltd's P/E ratio compare to its industry?

Axis Bank Ltd has a P/E ratio of 16.1, which is below the industry average of 18.58. This is broadly in line with or below the industry average.

Is Axis Bank Ltd financially healthy?

Key indicators for Axis Bank Ltd: ROCE of 6.24 % is on the lower side compared to the industry average of 6.67%. Dividend yield is 0.07 %.

Is Axis Bank Ltd profitable and how is the profit trend?

Axis Bank Ltd reported a net profit of ₹28,191 Cr in Mar 2025 on revenue of ₹127,374 Cr. Compared to ₹14,207 Cr in Mar 2022, the net profit shows an improving trend.

Does Axis Bank Ltd pay dividends?

Axis Bank Ltd has a dividend yield of 0.07 % at the current price of ₹1,366.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:23 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532215 | NSE: AXISBANK
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
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