loader2
Partner With Us NRI

Axis Bank Ltd share Price

Company details

1,032.60
1,044.70
732.00
1,047.50
6M Return 23.55%
1Y Return 44.79%
Mkt Cap.(Cr) 320,616.23
Volume 11,589,322
Div Yield 0.10%
OI
-
OI Chg %
-
Volume 11,589,322

Open Free Trading Account Online with ICICIDIRECT

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

    Axis Bank is the third largest private sector bank in India with a balance sheet size of ₹ 11.1 lakh crore as on December 2021.

    • The bank has a large footprint across India with 4700 branches
    • Retail and SME comprise ~65% of total loans
Q3FY22

    Q3FY22 Results: Axis Bank reported a good operating performance.

    • NII up 17% YoY and 9.5% QoQ, NIMs up 14 bps QoQ to 3.53%
    • Provisions down 23% QoQ, PAT up 224% YoY ₹ 3614 crore
    • Loan growth at 16.7% YoY to ₹ 6.6 lakh crore. Retail book up 18% YoY
    • GNPA down 36 bps QoQ to 3.17%. R/s book steady at 0.63%

Click here for full recommendation

Research view on more stocks

Axis Bank announced Q1FY24 results:

  • Strong operating performance
    • Net interest income grew 27% YoY and 2% QoQ, non-interest income grew 74% YoY and 6% QoQ
    • Operating revenues grew 38% YoY and 3% QoQ, operating profit grew 50% YoY
    • Consolidated ROE & ROA at 19.44% & 1.83%, up 388 bps and 35 YoY respectively
    • Subsidiaries contributed 27 bps & 3 bps to consolidated ROE & ROA respectively
  • Robust loan growth delivered across all business segments
    • Rural loans grew 22% YoY & 1% QoQ, small business banking loans grew 46% YoY & 8% QoQ
    • Mid-corporate (MC) book grew 38% YoY
    • SBB SME MC mix at Rs 1,72,589 crore & 20% of loans, up over 600 bps in last 3 years
  • Steady growth in granular deposits, early visibility of improving quality
    • On a QAB basis total deposits grew 15% & 6% and term deposits grew 12% & 5% on YoY & QoQ basis.
    • On MEB, deposits grew 17% YoY; SA grew 22% YoY, CA grew 23% YoY with CASA ratio at 46% up 182 bps YoY
    • Average LCR during Q1FY24 was ~123%, outflow rates improved ~460 bps over last 2 years
  • Well capitalized with self-sustaining capital structure; adequate liquidity buffers
    • Overall capital adequacy ratio (CAR) including profit stood at 17.74% with a CET 1 ratio of 14.38%
    • Self-sustaining capital structure with net accretion to CET-1 of 36 bps in Q1FY24
    • COVID provisions of Rs 5,012 crore, not in CAR calculation provide an additional cushion of ~50 bps
  • Retaining a strong position in Payments and Digital Banking
    • Axis Mobile & Axis Pay have ~8.4 million non-Axis Bank customers
    • 100 digital partnerships across platforms and ecosystems; ~13 million customers on WhatsApp banking
    • Axis Mobile remains the world’s highest-rated MB app on the Google Play store with a rating of 4.8; ~12 million MAU
    • Credit card CIF market share at 14%, Retail Card spending grew 100% YoY and 33% QoQ
  • Declining gross NPAs and slippages
    • Gross NPA at 1.96% declined by 80 bps YoY & 6 bps QoQ, Net NPA at 0.41% declined 23 bps YoY
    • PCR healthy at 80%; On an aggregated basis, Coverage ratio at 145%
    • Q1FY24 gross slippage ratio (annualized) at 1.87%, declined 18 bps YoY, net slippage ratio at 0.80%
    • Q1FY24 net credit cost (annualized) at 0.50%
  • Bank’s subsidiaries continue to deliver steady performance
    • Q1FY24 profit at Rs 303 crore up 16% YoY, with a return on investment in domestic subsidiaries of 45%
    • Axis Finance PAT grew 29% YoY to Rs 123 crore; asset quality remains stable, CAR healthy at 18.6%
    • Axis AMC Q1FY24 PAT stood at Rs 91 crore, Axis Securities Q1FY24 PAT grew 14% YoY to Rs 45 crore
    • Axis Capital executed 14 investment banking deals in Q1FY24

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “We are striving to create a distinctive new age bank that provides seamless banking solutions to customers, giving wings to their financial dreams and aspirations. We have been constantly raising the bar - strengthening our digital capabilities and building on our robust pipeline of products and services while keeping customer centricity at the core of every initiative. With India’s strong macro environment supporting growth and providing abundant opportunities, we are geared up and confident of delivering sustainable growth across all our priority businesses.”

 

 

Result PDF

View Other Company Results

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 COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 129,355.62 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59
Axis Bank Limited - Credit Rating

Oct 03, 2023 l NSE Announcement

Axis Bank receives affirmation in ratings for infra bonds and Tier II bonds

Oct 03, 2023 l BSE Announcement

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

Axis Bank Ltd Information

Stock PE (TTM)
14.06
Promoter Holding
7.95%
Book Value
440.0278
ROE
14.62%
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 Oct 03, 2023 03:58 PM the closing price of Axis Bank Ltd was ₹ 1,041.05.

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 Oct 03, 2023 03:58 PM, the market cap of Axis Bank Ltd stood at ₹ 320,616.23.

The latest PE ratio of Axis Bank Ltd as of Oct 03, 2023 03:58 PM is 14.06

The latest PB ratio of Axis Bank Ltd as of Oct 03, 2023 03:58 PM is 0.42

The 52-week high of Axis Bank Ltd is ₹ 1,047.50 while the 52-week low is ₹ 732.00

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

Download Our App

market app
market app