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Indian Bank share Price Today

Company details

533.50
547.40
268.00
573.75
6M Return 21.06%
1Y Return 85.80%
Mkt Cap.(Cr) 72,776.46
Volume 1,429,095
Div Yield 2.22%
OI
-
OI Chg %
-
Volume 1,429,095

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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 ₹ 11 lakh crore.

    • Pan-India presence with strong branch network of 5787 domestic branches
    • Diversified loan mix with RAM (retail/agri/MSME) forming ~60% to book
Q4FY23

    Indian Bank reported a mixed operational performance.

    • Gross advances grew 13.9% YoY to ₹ 473586 crore. Deposits were up 4.6% YoY with CASA growth at 5% YoY
    • NII was up 29.5% YoY, 0.2% QoQ. NIMs declined 15 bps QoQ at 3.6%
    • GNPA down 58 bps QoQ to 5.95%. R/s book was at 2.4% of total loan book

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Indian Bank announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net Profit up by 55% YoY at Rs 2,247 crore in Q4FY24 from Rs 1,447 crore in Q4FY23
  • Profit Before Taxes up by 111% YoY at Rs 3,057 crore in Q4FY24 from Rs 1,452 crore in Q4FY23
  • Operating Profit improved by 7% YoY to Rs 4,305 crore in Q4FY24 from Rs 4,016 crore in Q4FY23
  • Net Interest Income increased by 9% YoY to Rs 6,015 crore in Q4FY24 from Rs 5,508 crore in Q4FY23
  • Fee based income grew by 6% YoY to Rs 970 crore in Q4FY24 from Rs 914 crore in Q4FY23
  • Return on Assets (RoA) up by 33 bps to 1.15% in Q4FY24 from 0.82% in Q4FY23
  • Return on Equity (RoE) increased by 358 bps to19.06% in Q4FY24 from 15.48% in Q4FY23
  • Yield on Advances (YoA) up by 64 bps to 8.81% in Q4FY24 from 8.17% in Q4FY23
  • Yield on Investments (Yol) increased by 26 bps to 6.88% in Q4FY24 from 6.62% in Q4FY23
  • Gross Advances increased by 13% YoY to Rs 5,33,773 crore in Q4FY24 from Rs 4,73,586 crore in Q4FY23
  • RAM (Retail,Agriculture & MSME) advances grew by 14% YoY to Rs 3,09,918 crore in Q4FY24 from Rs 2,72,679 crore in Q4FY23
  • RAM contribution to gross domestic advances is 62.21%. Retail, Agri & MSME advances grew by 15%, 19% and 6% YoY respectively. Home Loan (Including mortgage) grew by 11% YoY, Auto Loan by 49% YoY and Personal Loan by 10% YoY
  • Priority sector advances as a percentage of ANBC stood at 43.82% at Rs 1,78,527 crore in Q4FY24 as against the regulatory requirement of 40%
  • Total Deposits increased by 11% YoY and reached to Rs 6,88,000 crore in Q4FY24. CASA deposit grew by 8%, savings deposit grew by 7% and Current deposit by 9% YoY
  • Domestic CASA ratio stood at 42.31% as on Q4FY24
  • CD ratio stood at 77.58% as on Q4FY24
  • GNPA decreased by 200 bps YoY to 3.95% in Q4FY24 from 5.95%, NNPA reduced by 47 bps to 0.43%from 0.90% in Q4FY23
  • Provision Coverage Ratio (PCR, including TWO) improved by 252 bps YoY to 96.34% in Q4FY24 from 93.82% in Q4FY23
  • Slippage Ratio contained to 1.11% in Q4FY24 in comparison to 2.43% in Q4FY23 i.e improvement of 132 bps YoY
  • Capital Adequacy Ratio stood at 16.44%. CET-I improved by 63 bps YoY to 13.52%
  • Tier I Capital improved by 55 bps YoY to 14.03%

FY24 Financial Highlights:

  • Net Profit up by 53% YoY to Rs 8,063 crore in FY24 from Rs 5,282 crore in FY23
  • Profit Before Taxes up by 85% YoY at Rs 10,951 crore in FY24 from Rs 5,915 crore in FY23
  • Operating Profit increased by 10% at Rs 16,840 crore in FY24 from Rs 15,271 crore in FY23
  • Net Interest Income grew by 15% to Rs 23,274 crore in FY24 from Rs 20,225 crore in FY23
  • Return on Assets (RoA) increased by 30 bps to 1.07% in FY24 from 0.77% in FY23
  • Return on Equity (RoE) up by 451 bps to 19.24% in FY24 from 14.73% in FY23
  • Domestic Net Interest Margin (NIM) increased by 13 bps to 3.54% in FY24 from 3.41% in FY23
  • Yield on Advances (YoA) up by 96 bps to 8.72% in FY24 from 7.76% in FY23
  • Yield on Investments (Yol) increased by 35 bps to 6.80% in FY24 from 6.45% in FY23
  • Cost to Income Ratio is 45.92% for FY24

Result PDF

View Other Company Results

Indian Bank shares SWOT Analysis

Strengths (18)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (0)

Data not found

Opportunity (5)

  • Highest Recovery from 52 Week Low
  • Decrease in NPA in recent results
  • Decrease in Provision in recent results

Threats (0)

Data not found

Resistance and support

R1 547.3
R2 554.3
R3 561.2
Pivot

540.40

S1 533.4
S2 526.5
S3 519.5
EMA SMA
527.9
520.3
499.3
454.5
528.5
521.8
500.0
454.2
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 Axis Bank Ltd
Price 540.30 1,464.10 1,130.50 817.85 1,141.35
% Change 0.88 1.78 0.55 -0.30 1.18
Mcap Cr 72,776.46 1,112,263.74 793,875.08 729,899.39 352,285.67
Revenue TTM Cr 44,985.16 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 5,330.48 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 8.64 17.37 17.95 10.08 13.36
1 Year Return 85.80 -12.63 19.53 40.55 24.63
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 12.98 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 49,506.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,581.63 -35,822.31
LAST 3M 105,886.10 -42,131.07
LAST 6M 173,680.57 48,055.67
LAST 12M 265,486.86 128,722.00
Indian Bank announces board meeting date

May 16, 2024 l BSE Announcement

Indian Bank - Board Meeting

May 16, 2024 l NSE Announcement

Indian Bank - Change in Director

May 15, 2024 l NSE Announcement

Date Action Type Ratio
Jun 07, 2024 Dividend 120
Jun 12, 2023 Dividend 86
Jun 14, 2022 Dividend 65

Indian Bank Information

Stock PE (TTM)
8.64
Promoter Holding
73.84%
Book Value
401.9506
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 May 17, 2024 03:59 PM the closing price of Indian Bank was Rs.540.30.

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 03:59 PM, the market cap of Indian Bank stood at Rs. 72,776.46.

The latest PE ratio of Indian Bank as of May 17, 2024 03:59 PM is 8.64

The latest PB ratio of Indian Bank as of May 17, 2024 03:59 PM is 0.74

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

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

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