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Federal Bank Ltd share Price Today

Company details

149.05
151.00
121.00
166.35
6M Return -0.23%
1Y Return 19.73%
Mkt Cap.(Cr) 36,549.43
Volume 7,208,707
Div Yield 0.58%
OI
-
OI Chg %
-
Volume 7,208,707

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Incur '0' Brokerage upto ₹500
Treasury gains offset NIM decline; outlook optimistic
About The Stock

    Federal Bank is an old private sector bank based out of Kerala with 1282 branches and 1885 ATM across various states.

    • Strong liability franchisee with over 94% of total deposits being retail
    • Balanced loan mix with retail: wholesale mix of 55:45
Q4FY22

    Q4FY22 Results: Subdued operational performance, lower provisions aided PAT.

    • Loans up 9.9% YoY, 3% QoQ at ₹ 1.4 lakh crore, deposits up 5.2% YoY
    • NII up 7.4% YoY, flat QoQ. NIMs declined 11 bps QoQ at 3.16%
    • GNPA down 26 bps QoQ to 2.8%. Restructured book at ~2.36%

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Federal Bank announced Q3FY24 results:

Financial Highlights

  • Total Business: Reached Rs 4,38,776.39 crore, representing an 18.72% growth.
  • Net Profit: Recorded its highest ever at Rs 1,006.74 crore, a 25.28% increase from the previous year.
  • Operating Profit: Stood at Rs 1,437.33 crore, a YoY increase of 12.80%.
  • Net Interest Income: Highest ever at Rs 2,123.36 crore, up by 8.53%. 

Deposits and Advances

  • Total Deposits: Grew by 18.96%, rising from Rs 2,01,408.12 crore to Rs 2,39,591.16 crore.
  • Net Advances: Increased by 18.44%, from Rs 1,68,173.13 crore to Rs 1,99,185.23 crore.

Segment Advances

  • Retail Advances: Up by 20.39%, totaling Rs 65,041.08 crore.
  • Business Banking Advances: Increased by 17.80%, reaching Rs 16,679.75 crore.
  • Commercial Banking: Grew by 25.99% to Rs 20,773.55 crore.
  • Corporate Advances: Saw a 14.38% increase, amounting to Rs 71,978.41 crore.
  • CV/CE Advances: Surged by 66.06%, reaching Rs 3,057.00 crore.

Asset Quality

  • Gross NPA: Stood at 2.29%, equating to Rs 4,628.79 crore.
  • Net NPA: Was at 0.64%, translating to Rs 1,284.37 crore.
  • Provision Coverage Ratio: Excluding technical write-offs, recorded at 71.08%.

Capital and Ratios

  • Net Worth: Increased to Rs 28,084.72 crore.
  • Capital Adequacy Ratio (CAR): Basel III compliant CAR at 15.02%.

Other Indicators:

  • Earnings Per Share (EPS): Annualized at Rs 16.54.
  • Return on Assets (ROA): For Q3 was at 1.39%.
  • Return on Equity (ROE): For Q3 stood at 14.80%.

Shyam Srinivasan, Managing Director & CEO of Federal Bank, expressed his views on this remarkable achievement, “I am pleased that our team's dedicated effort has helped us register an all-time high net profit of 1007 crore, a significant milestone in the journey of any organization which is dedicated to both growth and excellence.

With an increase of over 100 branches in the past calendar year and a similar number planned for this year, our growth trajectory is well poised to sustain this positive momentum.

As we grow and diversify across products, segments, and geography, we are further inspired to deliver on our purpose for existence, which is to be the Most Admired Bank in India.”

 

 

Result PDF

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Federal Bank Ltd shares SWOT Analysis

Resistance and support

R1 151.1
R2 152.0
R3 153.1
Pivot

150.08

S1 149.2
S2 148.1
S3 147.2
EMA SMA
150.5
150.7
149.4
144.8
151.1
150.0
150.8
144.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 135.05 2478993 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 135.05 2478993 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 133.25 2478994 BSE
Name Category Shares
REKHA JHUNJHUNWALA PUBLIC 2%
JHUNJHUNWALA RAKESH RADHESHYAM PUBLIC 1.02%
Clearing Members PUBLIC 1.08%
ZERODHA BROKING PUBLIC 1.03%
YUSUFFALI MUSALIAM VEETTIL ABDUL KADER PUBLIC 3.12%

OUR RESEARCH VIEW

Investment recommendation
Treasury gains offset NIM decline; outlook optimistic
Call Date
08 May 2023
Entry Price 128.00
Target Price 160.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Federal Bank Ltd Stocks COMPARISON

Financials( in Cr) Federal Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 150.20 1,447.90 1,093.30 752.35 1,785.50
% Change 0.27 0.50 0.88 2.60 0.56
Mcap Cr 36,549.43 1,099,315.90 766,930.93 671,443.18 354,895.26
Revenue TTM Cr 16,803.63 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 3,010.59 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 9.47 18.64 18.13 9.73 20.35
1 Year Return 19.73 -7.63 28.82 47.48 4.71
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 14.94 17.20 17.66 18.44 14.14
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 21,506.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
The Federal Bank Limited - Updates

Mar 28, 2024 l NSE Announcement

The Federal Bank Limited - Loss of Share Certificates

Mar 22, 2024 l NSE Announcement

Date Action Type Ratio
Aug 11, 2023 Dividend 50
Jul 19, 2022 Dividend 90

Federal Bank Ltd Information

Stock PE (TTM)
9.47
Promoter Holding
0%
Book Value
113.9791
ROE
14.94%
Description
  • Federal Bank Limited is a private banking company and with a market capitalisation of Rs. 17,493 crores as of 17th August 2021. The bank was incorporated on 23rd April 1931. It posted a Net Interest Income (NII) of Rs. 1418 crores for the quarter ended June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500469 and scrip code FEDERALBNK. As of 17th August 2021, the shares of the bank were trading at Rs. 83.25.

    The bank functions in four different segments- treasury, corporate or wholesale banking, retail banking, and other banking operations. It is one of the superior commercial banks in the country has more than 1200 branches and approximately 1900 ATM/Recyclers spread across different states in India. It is a forerunner among India’s conventional banks in terms of leveraging technology to improve operations, and it was one of the first banks to computerise all of its branches. Mr. Shyam Srinivasan is the Managing Director and CEO of the bank since 2010. He possesses 20 years of experience with leading multinational banks in India, the Middle East, and Southeast Asia. Federal Bank has zero promoters holding the majority of the shareholding is held by Mutual Funds and Foreign Institutional Investors (FII) holding 32.02% and 27.55% respectively of the total shareholding in the bank in June 2021.

    In June 2021, Federal Bank reported a standalone net profit of Rs. 367.30 crores, down 8.30% from Rs. 400.70 crores in the same quarter of the previous fiscal. The bank’s net interest income (NII) rose 9.40% to Rs. 1,418 crores as against Rs. 1,296 crores year-on-year (YoY). Gross non-performing assets stood at 3.50% during the quarter as against 3.40% in the previous quarter, whereas its net NPA came at 1.23% versus 1.19% on a sequential basis. The provisions and contingencies rose to Rs. 641.80 crores as compared to Rs. 243.30 crores quarter-on-quarter (QoQ) and Rs. 394.60 YoY. EPS of the banking company decreased to Rs. 1.79 in June 2021 as against 2.61 in March 2021. Over the last 5 years, the company’ market share has increased from 2.53% to 2.60%, and net income has grown at a yearly rate of 27.89%, vs industry average of 11.53%. Federal Bank’s shares closed at Rs. 83.25 on 17th August 2021 and has given a return of 57.52% over the last 12 months.

Registered Address

P B No 103 Federal Towers, , Aluva, Kerala, 683101

Tel : 91-484-2623620-29
Email : secretarial:federalbank.co.in
Website : http://www.federalbank.co.in
Registrar

Integrated Registry Mgt Servic

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500469
NSE Code : FEDERALBNK
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE171A01029

FAQ’s on Federal Bank Ltd Shares

You can buy Federal Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Federal Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of Federal Bank Ltd was ₹ 150.20.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:59 PM, the market cap of Federal Bank Ltd stood at ₹ 36,549.43.

The latest PE ratio of Federal Bank Ltd as of Mar 28, 2024 03:59 PM is 9.47

The latest PB ratio of Federal Bank Ltd as of Mar 28, 2024 03:59 PM is 0.76

The 52-week high of Federal Bank Ltd share price is ₹ 166.35 while the 52-week low is ₹ 121.00

According to analyst recommendations, Federal Bank Ltd Share has a “Buy” rating for the long term.

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