loader2
Partner With Us NRI

Axis Bank Ltd share Price Today

Company details

1,137.00
1,145.00
910.20
1,182.90
6M Return 14.78%
1Y Return 24.78%
Mkt Cap.(Cr) 352,285.67
Volume 169,757
Div Yield 0.09%
OI
-
OI Chg %
-
Volume 169,757

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
Strong growth outlook; valuations reasonable for re-rating
About The Stock

    Axis Bank is the third largest private sector bank in India with a balance sheet size of ₹ 13.17 lakh crore as on March 2023. The bank has acquired Citi consumer banking portfolio effective March 2023 for ₹ 11600 crore wherein ~₹ 27000 crore of retail assets and ₹ 40000 crore of liabilities have come on Axis Bank’s books. Accordingly, exceptional provision of ₹ 12489 crore made in Q4FY23 P&L account.

    • Retail and SME comprise ~67% of total loans
Q4FY23

    Mixed quarter.

    • Credit growth came in at 19.4% YoY (ex-Citi 16% YoY) at ₹ 8.45 lakh crore. Retail book was up 22% YoY. The bank saw strong 10% QoQ (ex-Citi 7% QoQ) growth in deposits
    • NII up 33% YoY, 2.5% QoQ, NIMs declined 4 bps QoQ to 4.22%, domestic NIM at 4.35%
    • Lower provisions at ₹ 306 crore led to PAT growth of 61% YoY. Exceptional item of ₹ 12489 crore led to loss of ₹ 5728 crore
    • Asset quality has improved as GNPA, NNPA ratio declined 48 bps, 12 bps QoQ to 2.02% and 0.39%, respectively

Click here for full recommendation

Research view on more stocks

Axis Bank announced FY24 & Q4FY24 results:

Financial Highlights:

  • Q4FY24 Net Interest Income grew 11% YoY and 4% QoQ, Q4FY24 NIM at 4.06% up 5 bps QoQ.
  • Q4FY24 fee income grew 23% YoY | 9% QoQ, Retail fee grew 33% YoY | 12% QoQ, granular fees at 93% of total fees.
  • Q4FY24 Operating profit grew 15% YoY & QoQ, PAT at Rs 7,130 crores up 17% QoQ.
  • Q4FY24 Consolidated ROA | ROE on annualized basis at 2.07% | 20.87%, up 23 bps | 226 bps QoQ.
  • Bank’s total business grew 13% | 5% of which advances grew 14% | 4% and MEB deposits grew 13% | 6% on YoY | QoQ basis.
  • MEB retail term deposits grew 17% YoY & 5% QoQ, CASA grew 8% QoQ with CASA ratio at 43%.
  • Retail loans up 20% | 7%, SME up 17% | 5% on YoY | QoQ basis, Corporate loans (gross of IBPC sold) up 7% YoY.
  • Overall CAR stood at 16.63% with CET 1 ratio of 13.74%, organic net accretion to CET-1 of 44 bps in FY24,
  • GNPA% at 1.43% declined by 59 bps YoY and 15 bps QoQ, NNPA% at 0.31% declined by 8 bps YoY and 5 bps QoQ,
  • 1.24 million credit cards issued in Q4, CIF market share of 14%, card spends up 50% YoY.
  • Largest player in Merchant Acquiring with market share of 19.8%, incremental share of 28% in last one year.

Amitabh Chaudhry, MD&CEO, Axis Bank said, “In FY24, Axis Bank charted a course of steady progress. While we relentlessly focused on our key priority areas - Bharat Banking, Digital and Sparsh (our customer obsession program), I believe we were also nimble in picking up some enticing new opportunities that came our way. Our Citi integration is on track, and we are inching towards the final milestone LD2 in the next six months. In keeping with our credo "Dil Se Open" and with DE&I as one of our core pillars, we have made progress in cultivating a diverse and inclusive workforce in a nurturing ecosystem.”

Result PDF

View Other Company Results

Axis Bank Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Good quarterly growth in the recent results
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (1)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • RSI indicating price strength

Threats (2)

  • Increase in NPA in Recent Results
  • Increase in Provisions in Recent Results

Resistance and support

R1 1,146.8
R2 1,149.9
R3 1,154.8
Pivot

1,141.92

S1 1,138.8
S2 1,133.9
S3 1,130.8
EMA SMA
1,121.0
1,100.0
1,083.2
1,047.4
1,124.5
1,088.9
1,088.3
1,049.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-04-09 1071 6250000 BSE
MORGAN STANLEY ASIA SINGAPORE PTE Block Purchase 2024-04-09 1071 4225000 BSE
GOLDMAN SACHS (SINGAPORE) PTE.- ODI Block Purchase 2024-04-09 1071 3600000 BSE
Name Category Shares
LIFE INSURANCE CORPORATION OF INDIA PROMOTER 8.22%

OUR RESEARCH VIEW

Investment recommendation
Strong growth outlook; valuations reasonable for re-rating
Call Date
02 May 2023
Entry Price 855.00
Target Price 1,100.00
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

Axis Bank Ltd Stocks COMPARISON

Financials( in Cr) Axis Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 1,141.35 1,464.10 1,130.50 817.85 1,696.55
% Change 1.18 1.78 0.55 -0.30 2.77
Mcap Cr 352,285.67 1,112,263.74 793,875.08 729,899.39 337,260.74
Revenue TTM Cr 87,448.37 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 10,852.66 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 13.38 17.38 17.94 10.12 18.52
1 Year Return 24.78 -11.00 19.44 42.43 -11.98
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 8.75 17.20 17.66 18.44 14.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 129,355.62 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 103,643.75 -39,912.42
LAST 6M 170,661.45 50,171.66
LAST 12M 264,707.07 127,969.33
Axis Bank Limited - Copy of Newspaper Publication

May 18, 2024 l NSE Announcement

Axis Bank Limited - ESOP/ESOS/ESPS

May 17, 2024 l NSE Announcement

Axis Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 16, 2024 l NSE Announcement

Date Action Type Ratio
Jul 07, 2023 Dividend 50
Jul 07, 2022 Dividend 50

Axis Bank Ltd Information

Stock PE (TTM)
13.38
Promoter Holding
7.93%
Book Value
505.6912
ROE
8.75%
Description
  • Axis Bank Ltd is in the Banking sector is having the Market Capitalization of worth Rs. 231,243.89 crores, it is incorporated in the year 1993. It has reported a consolidated Net Interest Income of Rs. 25,719.74 crores in March’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 532215, and also listed in the National Stock Exchange (NSE) with the code AXISBANK.

    Axis Bank Ltd is an Indian bank and financial services provider having its headquarters in Mumbai. Axis Bank’s customer base mainly consists of large and mid-size companies, SMEs, and retail businesses. The promoter group of Axis Bank consists of some notable names like United India Insurance Company Ltd, Oriental Insurance Company Ltd, Life Insurance Corporation, UTI, National Insurance Company Limited, etc. Axis Bank operates across the nation through a network of 4,096 branches and 12,922 ATMs. It is known that Axis Bank has the largest ATM network in the country among the private banks. Axis Bank Ltd has branches in nine different countries around the globe. Axis Bank also performs retail banking functions such as card services, Internet banking, automated teller machines (ATM) services, depository, financial advisory services, etc. The promoters of the company own 11.69% of the stake in the company, Foreign Institutional Investors (FII) own 52.49%, Domestic Institutional Investors (DII) own 24.28% of the stake, and others (such as public and retail investors) hold the balance of 11.55%.

    In June 2021, quarterly net revenue was Rs. 16,003.46 crores, which has decreased by approximately 2.69 % from Rs. 16,445.47 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 2,160.15 crores, which has almost doubled by nearly 94.23% from a net profit of Rs. 1,112.17 crores in June 2020. In June 2021, the reported operating profit was at Rs. 16,511.1 crores, which has remained consistent when compared to an operating profit of Rs. 16,510.68 crores for the quarter ending in June 2020. From Rs. 3.94 in June 2020, the EPS of Axis Bank Ltd has risen to Rs. 7.05 per share in June 2021. AXISBANK’s stock closed at Rs. 754.4 on 18th August’2021 (NSE) and has returned a negative 3% in the last six months and 72.18% in the previous year.

Registered Address

Trishul 3rd Floor Law Garden, Ellis Bridge, Ahmedabad, Gujarat, 380006

Tel : 91-79-66306161
Email : shareholders:axisbank.com
Website : http://www.axisbank.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532215
NSE Code : AXISBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE238A01034

FAQ’s on Axis Bank Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:56 PM the closing price of Axis Bank Ltd was Rs.1,141.35.

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 May 17, 2024 03:56 PM, the market cap of Axis Bank Ltd stood at Rs. 352,285.67.

The latest PE ratio of Axis Bank Ltd as of May 17, 2024 03:56 PM is 13.38

The latest PB ratio of Axis Bank Ltd as of May 17, 2024 03:56 PM is 0.44

The 52-week high of Axis Bank Ltd share price is Rs. 1,182.90 while the 52-week low is Rs. 910.20

According to analyst recommendations, Axis Bank Ltd Share has a "Buy" rating for the long term.

Download App

Download Our App

Play Store App Store
market app