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Federal Bank Ltd share Price

Company details

146.20
150.45
118.75
152.30
6M Return 10.59%
1Y Return 26.61%
Mkt Cap.(Cr) 34,583.75
Volume 22,633,122
Div Yield 0.60%
OI
-
OI Chg %
-
Volume 22,633,122

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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 Q1FY24 results:

  • Total Business of the Bank reached 4,05,982.91 crore
  • Net Profit grew by 42.13% YoY at 853.74 crore
  • Operating profit grew by 33.80% YoY at Rs 1,302.35 crore
  • ROA stood at 1.30 and ROE at 15.73
  • GNPA and NNPA brought down to 2.38% & 0.69% respectively
  • Total Deposits increased by 21.35%
  • Total Advances grew by 20.86%

Commenting on the results and financial performance, Shyam Srinivasan, Managing Director & CEO, Federal Bank said, “We have had a strong start to FY24, despite Q1 traditionally being a seasonally soft quarter, by having broad-based growth across all our businesses. I am pleased that our total business crossed the 4 L crore mark aided by 21% growth in both our deposits and advances. This has resulted in a net profit of Rs 854 crore which represents a 42% YoY growth. The continued improvements in our return ratios are encouraging and we are cautiously optimistic of continued traction as we set our sights on becoming the most admired bank.”

 

 

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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 COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 21,506.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45
The Federal Bank Limited - Loss of Share Certificates

Oct 04, 2023 l NSE Announcement

The Federal Bank Limited - Updates

Sep 29, 2023 l NSE Announcement

Date Action Type Ratio
Aug 11, 2023 Dividend 50
Jul 19, 2022 Dividend 90
Jul 01, 2021 Dividend 35

Federal Bank Ltd Information

Stock PE (TTM)
10.16
Promoter Holding
0%
Book Value
106.9844
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) :
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 Oct 04, 2023 03:59 PM the closing price of Federal Bank Ltd was ₹ 147.25.

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 04, 2023 03:59 PM, the market cap of Federal Bank Ltd stood at ₹ 34,583.75.

The latest PE ratio of Federal Bank Ltd as of Oct 04, 2023 03:59 PM is 10.16

The latest PB ratio of Federal Bank Ltd as of Oct 04, 2023 03:59 PM is 0.73

The 52-week high of Federal Bank Ltd is ₹ 152.30 while the 52-week low is ₹ 118.75

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

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