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Indian Bank share Price Today

Company details

504.95
531.25
268.00
573.75
6M Return 20.59%
1Y Return 92.21%
Mkt Cap.(Cr) 70,136.42
Volume 3,475,863
Div Yield 1.59%
OI
-
OI Chg %
-
Volume 3,475,863

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Incur '0' Brokerage upto ₹500
Modest Q4; trigger for sustained RoA uptick to be watched
About The Stock

    Indian Bank is one of the largest and among the better performing PSU banks in India with a total business of over ₹ 10.1 lakh crore

    • Pan-India presence with strong branch network of 5721 domestic branches
    • Diversified loan mix with RAM (retail/agri/MSME) forming ~61% to book
Q1FY23

    Healthy operational performance; asset quality improves.

    • Advances grew 9.1% YoY to ₹ 425203 crore. Deposits up 8.2% YoY with CASA growth at 8% YoY
    • NII up 13.5% YoY, 6.6% QoQ. NIMs improved 23 bps QoQ at 3.1%
    • GNPA down 34 bps QoQ to 8.1%. R/s book declined 53 bps QoQ to ~4%

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Research view on more stocks

Indian Bank announced Q2FY24 results:


1. Financial Performance:
- Deposits increased by 9% YoY, reaching Rs 6,40,803 crore in Sep'23.
- CASA grew by 7%, driven by an 8% YoY growth in SB, with a CASA ratio of 40%.
- Gross Non-Performing Assets (GNPA) decreased by 233 bps YoY to 4.97% in Sep'23 from 7.30%.
- Net Non-Performing Assets (NNPA) reduced by 90 bps to 0.60% from 1.50% in Sep'22.
- Provision Coverage Ratio (PCR, including TWO) improved by 456 bps YoY to 95.64% from 91.08% in Sep'22.
- Capital Adequacy Ratio stood at 15.53%, CET-I at 12.07%, and Tier-I Capital at 12.63%.

2. Quarter-on-Quarter (QoQ) Performance:
- Net profit increased by 16% QoQ to Rs 1,988 crore in Sep'23 from Rs 1,709 crore in Jun'23.
- Profit before tax increased by 15% QoQ at Rs 2,752 crore in Sep'23 from Rs 2,394 crore in Jun'23.
- Operating profit increased by 4% QoQ at Rs 4,303 crore in Sep'23 from Rs 4,135 crore in Jun'23.
- Net interest income stood at Rs 5,741 crore in Sep'23 as against Rs 5,703 crore in Jun'23.

3. Year-on-Year (YoY) Performance:
- Net Profit increased by 62% YoY to Rs 1,988 crore in Sep'23 from Rs 1,225 crore in Sep'22.
- Profit Before Tax increased by 75% YoY to Rs 2,752 crore in Sep'23 from Rs 1,571 crore in Sep'22.
- Operating Profit increased by 19% YoY to Rs 4,303 crore in Sep'23 from Rs 3,629 crore in Sep'22.
- Net Interest Income increased by 23% YoY to Rs 5,741 crore in Sep'23 from Rs 4,684 crore in Sep'22.
- Fee-based income grew by 11% YoY to Rs 805 crore in Sep'23 from Rs 723 crore in Sep'22.

4. Asset Quality and Ratios:
- NIM (Domestic) increased to 3.52% in Sep'23 from 3.20% in Sep'22.
- Return on Assets (ROA) improved to 1.06% in Sep'23 from 0.71% in Sep'22.
- Return on Equity (ROE) improved by 607 bps to 19.90% in Sep'23 from 13.83% in Sep'22.
- Cost-to-Income Ratio stood at 44.36% in Sep'23 as against 44.27% in Sep'22.
- Priority Sector portfolio stood at Rs 1,64,341 crore in Sep'23, with a percentage of advances at 42.83% of ANBC.

5. Business Growth:
- Total Business recorded a YoY growth of 10%, reaching Rs 11,33,091 crore in Sep'23.
- Advances increased by 12% YoY to Rs 4,92,288 crore in Sep'23 from Rs 4,37,941 crore in Sep'22.
- RAM (Retail, Agriculture & MSME) advances grew by 12% to Rs 2,85,891 crore in Sep'23 from Rs 2,55,256 crore in Sep'22.
- Retail, Agri, MSME advances grew by 14%, 16%, and 5% YoY, respectively.
- Home Loan (Including mortgage) grew by 13%, Auto Loan by 36%, and Personal Loan by 49% YoY.
 

 

 

Result PDF

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Indian Bank shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (3)

  • Promoter holding decreased by more than -2% QoQ
  • Low Piotroski Score : Companies with weak financials
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Decrease in NPA in recent results
  • Decrease in Provision in recent results
  • Stock with Low PE (PE < = 10)

Threats (2)

  • Promoter decreasing their shareholding
  • Companies Increasing Debt as per Annual Report

Resistance and support

R1 533.0
R2 545.3
R3 559.3
Pivot

518.97

S1 506.7
S2 492.7
S3 480.4
EMA SMA
508.1
500.1
473.6
426.9
512.7
509.7
467.2
418.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 441.6 557745 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Purchase 2024-01-25 441.6 557081 BSE
SOCIETE GENERALE Block Purchase 2024-01-25 441.6 320388 BSE
Name Category Shares
President of India PROMOTER 73.84%

OUR RESEARCH VIEW

Investment recommendation
Modest Q4; trigger for sustained RoA uptick to be watched
Call Date
10 May 2023
Entry Price 299.00
Target Price 335.00
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

Indian Bank Stocks COMPARISON

Financials( in Cr) Indian Bank HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 520.70 1,447.90 1,093.30 752.35 1,785.50
% Change 4.18 0.50 0.88 2.60 0.56
Mcap Cr 70,136.42 1,099,315.90 766,930.93 671,443.18 354,895.26
Revenue TTM Cr 44,985.16 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 5,330.48 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 8.81 18.54 17.94 9.49 20.24
1 Year Return 92.21 -7.63 28.82 47.48 4.71
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 12.98 17.20 17.66 18.44 14.14
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 49,506.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 31,723.05
LAST 3M 69,913.40 26,515.65
LAST 6M 130,081.93 60,306.69
LAST 12M 189,259.39 205,003.99

Indian Bank Information

Stock PE (TTM)
8.81
Promoter Holding
73.84%
Book Value
380.7091
ROE
12.98%
Description
  • Indian Bank is in the Banking sector with the Market Capitalization of worth Rs. 16,402.46 crores, it is incorporated in the year 1907. It has consolidated sales of Rs. 9623.69 crores in June 2021. The company is also listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the code 532814 and INDIANB, respectively.

    Indian Bank is an Indian nationalized banking company. The Ministry of Finance of the Indian government owns it. The company's headquarters are in the city of Chennai. It is one of the best-performing public sector banks, with a customer base of over ten crores. It also has overseas operations with branches located in Colombo and Singapore. As of 1st April ’2020, it became the seventh-largest bank after its merger with Allahabad Bank. The bank's Information systems and Security system are certified with ISO27001:2013 standard, which made it one of the very few banks worldwide to be certified with this standard. Indian Bank operates with the help of 6,000 branches and more than 5,400 ATMs throughout the country. The company's promoters currently hold 79.86% of the stake in the company while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 2.92% and 10.52% of the stake. The balance of 6.71% is held by others (retail investors).

    In June 2021, quarterly net sales were Rs. 9,623.59 crores, which has decreased by approximately 4.9% from Rs. 10,119.96 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 1,181.66 crores, which has increased sharply by 220.01% from a net profit of Rs. 369.26 crores in June 2020. In June 2021, the operating profit was Rs. 10,567.26 crores, which is similar to a net profit of Rs. 10,653.04 crores for the quarter ending in June 2020. From Rs. 3.27 in June 2020, the EPS of Indian Bank has increased to Rs. 10.39 in June 2021. INDIANB's stock closed at Rs. 131.70 on 16th August’2021 (NSE) and has returned 4.73% in the last six months and 107.57% in the previous year.

Registered Address

66 Rajaji Salai, P B No 1384, Chennai, Tamil Nadu, 600001

Tel : 91-44-25233231/25231253/25231254
Email : investors:indianbank.co.in
Website : http://www.indianbank.in
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532814
NSE Code : INDIANB
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE562A01011

FAQ’s on Indian Bank Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:56 PM the closing price of Indian Bank was ₹ 520.70.

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 03:56 PM, the market cap of Indian Bank stood at ₹ 70,136.42.

The latest PE ratio of Indian Bank as of Mar 28, 2024 03:56 PM is 8.81

The latest PB ratio of Indian Bank as of Mar 28, 2024 03:56 PM is 0.76

The 52-week high of Indian Bank share price is ₹ 573.75 while the 52-week low is ₹ 268.00

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

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