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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 500116 | NSE: IDBI

Fundamental Analysis of IDBI Bank Ltd

About the Company - IDBI Bank Ltd

IDBI Bank Ltd. is a Public Limited Listed company incorporated on 15/09/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65190MH2004GOI148838 and registration number is 148838. 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. 18295.30 Cr. and Equity Capital is Rs. 10752.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorIDBI Tower, WTC Complex, Mumbai Maharashtra 400005idbiequity@idbi.co.in
http://www.idbibank.in
Management
NamePosition Held
Mr. T N ManoharanChairman
Mr. Rakesh SharmaManaging Director & CEO
Mr. Jayakumar S PillaiDeputy Managing Director
Ms. P V BharathiIndependent Director
Mr. Sanjay Gokuldas KallapurIndependent Director
Mr. Deepak SinghalIndependent Director
Mr. Bhuwanchandra B JoshiIndependent Director
Mr. Samaresh ParidaIndependent Director
Mr. N JambunathanIndependent Director
Mr. Ajay Prakash SawhneyIndependent Director
Mr. Manoj SahayGovernment Nominee Director
Mr. Sushil Kumar SinghGovernment Nominee Director
Mr. Raj KumarNominee Director
Mr. Mukesh Kumar GuptaNominee Director

Basic Stock Data of IDBI Bank Ltd

Last Updated: July 24, 2024, 11:11 pm

Market Cap 1,04,812 Cr.
Current Price 97.5
High / Low98.7/56.8
Stock P/E16.6
Book Value 47.5
Dividend Yield1.54 %
ROCE6.23 %
ROE11.8 %
Face Value 10.0
PEG Ratio0.21

Data Source: screener.in

IDBI Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue4,5775,7874,9204,1584,6294,6084,6394,9945,2305,7296,8646,0386,549
Interest2,7532,5402,4082,2982,2402,1752,1442,2382,3042,4452,8612,9663,102
Expenses2,4373,9783,2442,0952,5922,4632,5712,4302,5633,1673,0671,7012,444
Financing Profit-613-730-732-235-203-30-773263631189361,3721,003
Financing Margin %-13%-13%-15%-6%-4%-1%-2%7%7%2%14%23%15%
Other Income1,4831,1971,7671,0301,2009231,1901,0589231,4049071,0251,031
Depreciation0000000000000
Profit before tax8704671,0357959978931,1141,3841,2861,5211,8432,3972,034
Tax %54%-17%42%27%40%18%31%45%27%21%33%42%27%
Net Profit3996316055946187407737829501,2231,2341,3931,515
EPS in Rs0.370.590.560.550.570.680.710.720.881.131.141.291.40
Gross NPA %
Net NPA %

Last Updated: July 10, 2024, 6:03 pm

IDBI Bank Ltd Quarterly Chart

IDBI Bank Ltd Profit & Loss

Last Updated: July 10, 2024, 6:03 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue23,38925,07626,60828,16428,05827,80523,04622,10220,85419,95618,31620,59225,180
Interest18,81819,67420,55822,38721,93122,01917,37616,16213,84111,4089,1229,13011,373
Expenses4,0145,9327,2268,42414,33918,13020,69824,11824,09711,55111,17811,85010,378
Financing Profit557-531-1,176-2,647-8,212-12,344-15,028-18,178-17,084-3,003-1,984-3893,429
Financing Margin %2%-2%-4%-9%-29%-44%-65%-82%-82%-15%-11%-2%14%
Other Income2,1963,3343,1124,1893,5184,2077,2483,5354,6314,8484,9594,6174,367
Depreciation1201281171412183623773703943974174990
Profit before tax2,6342,6751,8191,401-4,912-8,498-8,157-15,013-12,8471,4492,5573,7287,796
Tax %24%29%36%32%26%40%0%0%0%0%0%0%
Net Profit2,0131,9021,166957-3,574-4,997-8,116-14,970-12,8191,5322,5573,7285,365
EPS in Rs15.6614.177.185.87-17.44-24.36-26.37-19.37-12.361.412.363.454.96
Dividend Payout %22%25%14%13%0%0%0%0%0%0%0%29%

IDBI Bank Ltd Profit & Loss Yearly Chart

IDBI Bank Ltd Growth

Compounded Sales Growth
10 Years:0%
5 Years:4%
3 Years:10%
TTM:28%
Compounded Profit Growth
10 Years:17%
5 Years:19%
3 Years:56%
TTM:55%
Stock Price CAGR
10 Years:0%
5 Years:22%
3 Years:35%
1 Year:61%
Return on Equity
10 Years:-9%
5 Years:0%
3 Years:9%
Last Year:12%

Last Updated: July 18, 2024, 5:34 pm

IDBI Bank Ltd Balance Sheet

Last Updated: July 10, 2024, 6:03 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital1,2781,3331,6041,6042,0592,0593,0847,73610,38110,75210,75210,752
Reserves18,11319,86922,02822,77126,00021,20418,82430,61024,45526,87631,81935,567
Borrowings263,722292,699295,719321,355335,679324,580310,962272,478258,963246,615247,195267,960
Other Liabilities7,0638,7659,59910,31411,53714,64618,03910,2876,90114,41012,77317,219
Total Liabilities290,176322,666328,950356,044375,275362,488350,909321,111300,699298,653302,540331,498
Fixed Assets3,0172,9282,9783,0267,0416,8936,3507,8427,7197,4029,5879,303
CWIP26182254481541502468488471400477
Investments82,82998,433103,41997,34792,81093,07591,84893,32881,99681,47183,475100,409
Other Assets204,304221,288222,531255,617274,943261,980252,208219,474210,496209,309209,078221,309
Total Assets290,176322,666328,950356,044375,275362,488350,909321,111300,699298,653302,540331,498

IDBI Bank Ltd Reserves and Borrowings Chart

IDBI Bank Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -299-1,998-1,991-5678,000-12,514-34,2152083,4435,068-2,701-1,226
Cash from Investing Activity -123-223-272-715-464720116-296-59-192-283-217
Cash from Financing Activity 3291,110-612,9271,88912,84321,6229,2791,428-4,383-3,569-1,794
Net Cash Flow-92-1,111-2,3231,6459,4241,049-12,4779,1914,813492-6,554-3,237

IDBI Bank Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %9%5%4%-14%-19%-38%-49%-35%4%6%8%

IDBI Bank Ltd Financial Efficiency Indicators Chart

IDBI Bank Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters94.71%94.71%94.71%94.71%94.72%94.72%94.72%94.72%94.72%94.72%94.72%94.72%
FIIs0.05%0.02%0.03%0.02%0.05%0.06%0.22%0.30%0.40%0.32%0.45%0.46%
DIIs0.75%0.38%0.36%0.23%0.15%0.17%0.16%0.16%0.24%0.15%0.15%0.16%
Government0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public4.48%4.89%4.89%5.04%5.08%5.06%4.90%4.84%4.62%4.80%4.67%4.65%
No. of Shareholders5,14,6715,60,9165,69,4815,93,5615,95,3015,84,6255,98,4155,82,1606,08,4906,36,6996,72,4346,82,099

IDBI Bank Ltd Shareholding Pattern Chart

No. of IDBI Bank Ltd Shareholders

IDBI Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Midcap 150 Index Fund279,8970.162.27229,8112024-07-2321.79%
Nippon India ETF Nifty Midcap 150260,7630.162.11229,8112024-07-2313.47%
Nippon India Nifty Midcap 150 Index Fund229,8110.161.86229,8112024-07-230%
LIC MF Nifty Midcap 100 ETF128,6970.21.04229,8112024-07-23-44%
Motilal Oswal Nifty Midcap 100 ETF95,4750.20.77229,8112024-07-23-58.45%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund33,2230.160.27229,8112024-07-23-85.54%
Motilal Oswal Nifty 500 Index Fund24,4910.030.2229,8112024-07-23-89.34%
Navi Nifty Midcap 150 Index Fund23,9150.160.19229,8112024-07-23-89.59%
HDFC Nifty Midcap 150 Index Fund22,2710.160.18229,8112024-07-23-90.31%
Edelweiss NIFTY Large Mid Cap 250 Index Fund11,1750.080.09229,8112024-07-23-95.14%

IDBI Bank Ltd ROCE Trend

IDBI Bank Ltd EPS Trend

IDBI Bank Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.383.452.361.44-12.36
Diluted EPS (Rs.)5.383.452.361.44-12.36
Cash EPS (Rs.)5.873.892.731.72-12.00
Book Value[Excl.RevalReserv]/Share (Rs.)40.1235.4531.7229.1527.29
Book Value[Incl.RevalReserv]/Share (Rs.)47.5043.0839.5934.9933.56
Operating Revenue / Share (Rs.)24.5919.1517.0418.5620.09
Net Profit / Share (Rs.)5.363.432.341.35-12.38
Net Profit After MI / Share (Rs.)5.383.452.361.41-12.36
Net Profit Margin (%)21.7917.9013.747.25-61.60
Net Profit After MI And SOA Nargin (%)21.8817.9913.837.58-61.54
Operating Profit Margin (%)6.95-4.31-13.10-17.03-83.81
Return On Assets (%)1.581.110.830.50-4.26
Return On Equity / Networth (%)13.419.727.424.82-45.30
Net Interest Margin (X)3.903.453.042.862.33
Cost To Income (%)46.1349.0749.8948.1696.10
Interest Income / Total Assets (%)7.256.216.056.686.93
Non-Interest Income / Total Assets (%)1.071.381.621.621.54
Operating Profit / Total Assets (%)0.50-0.26-0.79-1.13-5.81
Operating Expenses / Total Assets (%)2.292.182.152.062.14
Interest Expenses / Total Assets (%)3.352.753.013.814.60
Enterprise Value (Rs.Cr.)367465.65299717.19279620.93275052.24268458.08
EV Per Net Sales (X)13.9014.5615.2613.7812.87
Price To Book Value (X)2.021.271.351.320.70
Price To Sales (X)3.292.352.512.080.96
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.060.070.050.03-0.64

IDBI Bank Ltd Profitability Ratios (%)

IDBI Bank Ltd Liquidity Ratios

IDBI Bank Ltd Liquidity Ratios (%)

IDBI Bank Ltd Interest Coverage Ratios (%)

IDBI Bank Ltd Valuation Ratios

Fair Value

Fair Value: 94.48

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: 3.10% compared to the current price 97.5

Intrinsic Value: 169.01

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.

Undervalued: 73.34% compared to the current price 97.5

Last 5 Year EPS CAGR: 78.89%

*Investments are subject to market risks

Strength and Weakness of IDBI Bank Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of IDBI Bank Ltd?

The latest fair value of IDBI Bank Ltd is ₹94.48.

What is the Market Cap of IDBI Bank Ltd?

The Market Cap of IDBI Bank Ltd is 1,04,812 Cr..

What is the current Stock Price of IDBI Bank Ltd as on 24 July 2024?

The current stock price of IDBI Bank Ltd as on 24 July 2024 is 97.5.

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

In FY 2024, the High / Low of IDBI Bank Ltd stocks is 98.7/56.8.

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

The Stock P/E of IDBI Bank Ltd is 16.6.

What is the Book Value of IDBI Bank Ltd?

The Book Value of IDBI Bank Ltd is 47.5.

What is the Dividend Yield of IDBI Bank Ltd?

The Dividend Yield of IDBI Bank Ltd is 1.54 %.

What is the ROCE of IDBI Bank Ltd?

The ROCE of IDBI Bank Ltd is 6.23 %.

What is the ROE of IDBI Bank Ltd?

The ROE of IDBI Bank Ltd is 11.8 %.

What is the Face Value of IDBI Bank Ltd?

The Face Value of IDBI Bank Ltd is 10.0.

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 IDBI 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