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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

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. Suresh KhatanharDeputy Managing Director
Mr. Samuel Joseph JebarajDeputy Managing Director
Ms. P V BharathiIndependent Director
Mr. Mukesh Kumar GuptaNominee Director
Mr. Deepak SinghalIndependent Director
Mr. Sanjay Gokuldas KallapurIndependent Director
Mr. N JambunathanIndependent Director
Mr. Samaresh ParidaIndependent Director
Mr. Gyan Prakash JoshiIndependent Director
Mr. Bhuwanchandra B JoshiIndependent Director
Mr. Raj KumarNominee Director
Mr. Sushil Kumar SinghNominee Director
Mr. Manoj SahayNominee Director

IDBI Bank Ltd. Share Price Update

Share PriceValue
Today₹83.63
Previous Day₹81.97

Basic Stock Data of IDBI Bank Ltd

Market Cap 97,868 Cr.
Current Price 91.0
High / Low98.7/42.9
Stock P/E18.3
Book Value 43.1
Dividend Yield1.09 %
ROCE4.26 %
ROE8.34 %
Face Value 10.0

Data Source: screener.in

IDBI Bank Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue4,6954,5775,7874,9204,1584,6294,6084,6394,9945,2305,7296,8646,038
Interest2,9932,7532,5402,4082,2982,2402,1752,1442,2382,3042,4452,8612,966
Expenses1,9402,4373,9783,2442,0952,5922,4632,5712,4302,5633,1673,0671,701
Financing Profit-238-613-730-732-235-203-30-773263631189361,372
Financing Margin %-5%-13%-13%-15%-6%-4%-1%-2%7%7%2%14%23%
Other Income9221,4831,1971,7671,0301,2009231,1901,0589231,4049071,025
Depreciation0000000000000
Profit before tax6848704671,0357959978931,1141,3841,2861,5211,8432,397
Tax %51%54%-17%42%27%40%18%31%45%27%21%33%42%
Net Profit3373996316055946187407737829501,2231,2341,393
EPS in Rs0.320.370.590.560.550.570.680.710.720.881.131.141.29
Gross NPA %
Net NPA %

IDBI Bank Ltd Quarterly Chart

IDBI Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue23,38925,07626,60828,16428,05827,80523,04622,10220,85419,95618,31620,59223,861
Interest18,81819,67420,55822,38721,93122,01917,37616,16213,84111,4089,1229,13010,576
Expenses4,0145,9327,2268,42414,33918,13020,69824,11824,09711,55111,17811,85010,497
Financing Profit557-531-1,176-2,647-8,212-12,344-15,028-18,178-17,084-3,003-1,984-3892,788
Financing Margin %2%-2%-4%-9%-29%-44%-65%-82%-82%-15%-11%-2%12%
Other Income2,1963,3343,1124,1893,5184,2077,2483,5354,6314,8484,9594,6174,259
Depreciation1201281171412183623773703943974174990
Profit before tax2,6342,6751,8191,401-4,912-8,498-8,157-15,013-12,8471,4492,5573,7287,048
Tax %24%29%36%32%26%40%0%0%0%0%0%0%
Net Profit2,0131,9021,166957-3,574-4,997-8,116-14,970-12,8191,5322,5573,7284,801
EPS in Rs15.6614.177.185.87-17.44-24.36-26.37-19.37-12.361.412.363.454.44
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:-2%
5 Years:-2%
3 Years:0%
TTM:29%
Compounded Profit Growth
10 Years:7%
5 Years:19%
3 Years:32%
TTM:66%
Stock Price CAGR
10 Years:6%
5 Years:17%
3 Years:48%
1 Year:87%
Return on Equity
10 Years:-11%
5 Years:-11%
3 Years:6%
Last Year:8%

IDBI Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,2781,3331,6041,6042,0592,0593,0847,73610,38110,75210,75210,75210,752
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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3,245-299-1,998-1,991-5678,000-12,514-34,2152083,4435,068-2,601
Cash from Investing Activity -177-123-223-272-715-464720116-296-59-192-283
Cash from Financing Activity 5563291,110-612,9271,88912,84321,6229,2791,428-4,383-3,565
Net Cash Flow-2,865-92-1,111-2,3231,6459,4241,049-12,4779,1914,813492-6,449

IDBI Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %12%9%5%4%-14%-19%-38%-49%-35%4%6%8%

IDBI Bank Ltd Financial Efficiency Indicators Chart

IDBI Bank Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters94.71%94.71%94.71%94.71%94.71%94.71%94.71%94.72%94.72%94.72%94.72%94.72%
FIIs0.34%0.09%0.04%0.05%0.02%0.03%0.02%0.05%0.06%0.22%0.30%0.40%
DIIs2.86%1.62%1.36%0.75%0.38%0.36%0.23%0.15%0.17%0.16%0.16%0.24%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public2.09%3.58%3.89%4.48%4.89%4.89%5.04%5.08%5.06%4.90%4.84%4.62%
No. of Shareholders4,28,9805,40,9985,80,1355,14,6715,60,9165,69,4815,93,5615,95,3015,84,6255,98,4155,82,1606,08,490

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)
Nippon India Nifty Smallcap 250 Index Fund3249390.282.01
Motilal Oswal Nifty Smallcap 250 Index Fund2040110.281.26
Axis Nifty Smallcap 50 Index Fund1505360.860.93
SBI Nifty Smallcap 250 Index Fund1497260.280.93
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund1420190.870.88
Kotak Nifty Smallcap 50 Index294430.870.18
Motilal Oswal Nifty 500 Index Fund222960.030.14
Edelweiss Nifty Smallcap 250 Index Fund68890.280.04
Groww Nifty Total Market Index Fund12220.020.01
Motilal Oswal Nifty 500 ETF9760.030.01

IDBI Bank Ltd ROCE Trend

IDBI Bank Ltd EPS Trend

IDBI Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.452.361.44-12.36-30.22
Diluted EPS (Rs.)3.452.361.44-12.36-30.22
Cash EPS (Rs.)3.892.731.72-12.00-18.93
Book Value[Excl.RevalReserv]/Share (Rs.)35.4531.7229.1527.2940.87
Book Value[Incl.RevalReserv]/Share (Rs.)43.0839.5934.9933.5649.57
Operating Revenue / Share (Rs.)19.1517.0418.5620.0928.57
Net Profit / Share (Rs.)3.432.341.35-12.38-19.41
Net Profit After MI / Share (Rs.)3.452.361.41-12.36-19.37
Net Profit Margin (%)17.9013.747.25-61.60-67.92
Net Profit After MI And SOA Nargin (%)17.9913.837.58-61.54-67.80
Operating Profit Margin (%)-4.31-13.10-17.03-83.81-83.92
Return On Assets (%)1.110.830.50-4.26-4.66
Return On Equity / Networth (%)9.727.424.82-45.30-47.39
Net Interest Margin (X)3.453.042.862.331.84
Cost To Income (%)49.0749.8948.1696.1095.51
Interest Income / Total Assets (%)6.216.056.686.936.88
Non-Interest Income / Total Assets (%)1.381.621.621.541.10
Operating Profit / Total Assets (%)-0.26-0.79-1.13-5.81-5.77
Operating Expenses / Total Assets (%)2.182.152.062.141.63
Interest Expenses / Total Assets (%)2.753.013.814.605.03
Enterprise Value (Rs.Cr.)299717.19279620.93275052.24268458.08295835.95
EV Per Net Sales (X)14.5615.2613.7812.8713.38
Price To Book Value (X)1.271.351.320.701.14
Price To Sales (X)2.352.512.080.961.63
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.070.050.03-0.64-0.41

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 of IDBI Bank Ltd Stock

Fair Value: ₹66.50

The stock is overvalued by 26.93% compared to the current price ₹91

*Investments are subject to market risks

Strength and Weakness of IDBI Bank Ltd Stock

Unable to fetch valid data for stock valuation.

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