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Federal Bank Ltd share Price Today

Company details

159.35
162.00
121.00
170.30
6M Return 6.76%
1Y Return 27.81%
Mkt Cap.(Cr) 39,063.05
Volume 7,079,463
Div Yield 0.75%
OI
-
OI Chg %
-
Volume 7,079,463

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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 1355 branches and 1916 ATM across various states.

    • Market share in advances and deposits was at 1.28% and 1.14%, respectively, as of March 2023
    • Balanced loan mix with retail: wholesale mix of 54:46
Q4FY23

    Healthy business growth; treasury gains offset decline in margins.

    • Advances grew 20.1% YoY, 3.7% QoQ at ₹ 1.77 lakh crore. Deposits were up 17.4% YoY, CASA growth at ~4% YoY
    • NII up 25.2% YoY, de-grew 2.4% QoQ. NIMs down 18 bps QoQ at ~3.3%
    • Higher treasury gain at ₹ 192 crore; core fee grew 20% YoY
    • GNPA largely steady at 2.4%. Restructured book at 1.6%

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Federal Bank announced Q4FY24 & FY24 results:

Financial Highlights:

  • Total Business of the bank reached Rs 4,61,937.36 crore.
  • Highest Ever NII, up by 14.97% to Rs 2,195.11 crore.
  • Net Profit at Rs 906.30 crore.
  • Operating Profit at Rs 1,110.35 crore
  • ROA for Q4 stood at 1.22% and ROE stood at 12.75%.
  • GNPA and NNPA at 2.13% and 0.60% respectively.
  • Total Deposits increased by 18.35 %.
  • Net advances increased from Rs 1,74,446.89 crore as on 31st March 2023 to Rs 2,09,403.34 crore on 31st March 2024.
  • Retail Advances grew by 20.07% to reach Rs 67,435.34 crore. Business Banking advances grew by 21.13 % to reach Rs 17,072.58 crore
  • Net worth of the Bank increased by 35.81%, from Rs 21,419.49 crore to Rs 29,089.41 crore, as on 31st March 2024.
  • Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 16.13% as at the end of the quarter.
  • The Board of directors at its meeting held today has recommended a dividend of 60% per equity share having face value of Rs 2 for the year ended 31st March 2024.

Shyam Srinivasan, Managing Director & CEO of the Bank said, “FY24 was yet another strong year which saw us set new benchmarks in our journey towards building the Most Admired Bank. With a 10% increase in our footprint, our branches now dot the map, across the length and breadth of India. The physical distribution is buttressed with significant investments in Technology and Digital capabilities, helping us serve clients in over 15,000 pin codes. We look forward to the year ahead with confidence and are focused on delivering many bespoke customer propositions that establishes the presence of "Brand Federal” as the First Choice for our valued customers "

Result PDF

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Federal Bank Ltd shares SWOT Analysis

Strengths (7)

  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (2)

  • Red Flag: High Interest Payments Compared to Earnings
  • MFs decreased their shareholding last quarter

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Decrease in NPA in recent results
  • Decrease in Provision in recent results

Threats (0)

Data not found

Resistance and support

R1 160.8
R2 162.0
R3 163.2
Pivot

159.63

S1 158.4
S2 157.2
S3 156.0
EMA SMA
161.3
158.3
154.9
149.5
162.4
156.7
153.7
150.1
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 1.59%
RAKESH JHUNJHUNWALA PUBLIC 1.02%
Clearing Members PUBLIC 1.06%
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 Axis Bank Ltd
Price 160.40 1,516.25 1,114.80 827.15 1,167.75
% Change 0.56 0.53 1.16 0.55 0.69
Mcap Cr 39,063.05 1,151,881.63 782,850.02 738,199.28 360,434.21
Revenue TTM Cr 16,803.63 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 3,010.59 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 10.03 17.90 17.51 10.15 13.58
1 Year Return 27.81 -7.29 17.58 39.02 25.59
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 14.94 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 21,506.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17
The Federal Bank Limited - Updates

May 29, 2024 l NSE Announcement

The Federal Bank Limited - Loss of Share Certificates

May 28, 2024 l NSE Announcement

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

May 23, 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)
10.03
Promoter Holding
0%
Book Value
123.5609
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 May 30, 2024 02:54 PM the closing price of Federal Bank Ltd was Rs.160.40.

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 30, 2024 02:54 PM, the market cap of Federal Bank Ltd stood at Rs. 39,063.05.

The latest PE ratio of Federal Bank Ltd as of May 30, 2024 02:54 PM is 10.03

The latest PB ratio of Federal Bank Ltd as of May 30, 2024 02:54 PM is 0.77

The 52-week high of Federal Bank Ltd share price is Rs. 170.30 while the 52-week low is Rs. 121.00

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

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