Is IndusInd Bank a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IndusInd Bank Ltd is a good quality company .

Is IndusInd Bank undervalued or overvalued?

The key valuation ratios of IndusInd Bank Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is IndusInd Bank share price return in the past 10 years?

IndusInd Bank Ltd share price has appreciated 4.2% annually (CAGR) over the past ten years.

Is IndusInd Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IndusInd Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

IndusInd Bank Ltd - Stock Valuation and Financial Performance

Name: IndusInd Bank
Brand: IndusInd Bank

BSE: 532187 | NSE: INDUSINDBK | Bank - Private | Large Cap

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Indusind Bank Share Price

₹1,090 26.45 2.49%
as on 05-Nov'24 00:00

10 Year X-Ray of Indusind Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	3,420	4,517	6,063	7,497	8,846	12,059	13,528	15,001	17,592	20,616	21,427
YoY Gr. Rt. %	-	32.1%	34.2%	23.7%	18%	36.3%	12.2%	10.9%	17.3%	17.2%	-
Total Income	12,240	15,169	18,577	22,031	27,908	35,734	35,558	38,157	44,534	55,136	58,525
YoY Gr. Rt. %	-	23.9%	22.5%	18.6%	26.7%	28%	-0.5%	7.3%	16.7%	23.8%	-
Adj EPS (₹ )	33.9	38.4	48	60.1	54.8	63.7	36.7	59.5	95.2	115	104.3
YoY Gr. Rt. %	-	13.4%	24.8%	25.3%	-8.8%	16.3%	-42.4%	62.3%	60%	20.7%	-
BVPS (₹ )	193.4	290.8	338.7	390.9	437.2	486	556.6	611.5	699.5	801.7	832.4
YoY Gr. Rt. %	-	50.4%	16.5%	15.4%	11.8%	11.2%	14.5%	9.9%	14.4%	14.6%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.8	1.8	1.8	1.8	1.3	1.5	0.9	1.2	1.7	1.8	1.4
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0.3	0.4	0.4	0.5	1.2	0.9	0.7	0.6	0.6	0.6	0.6
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	22.1%	18.4%	15.1%	17.2%
Total Income	18.2%	14.6%	15.7%	23.8%
Adj EPS	14.5%	16%	46.4%	20.7%
BVPS	17.1%	12.9%	12.9%	14.6%
Share Price	4.2%	-4.1%	-2.9%	-25.9%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	79.18	78.26	77.55	78.44	79.77	80.55	81.56	80.78	81.66	82.97	83.7
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	3.3	3.4	3.6	3.6	3.4	4.3	4	4	4.1	4.2	3.9
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	19	16.6	15.3	16.5	13.3	14.7	7.4	10.2	14.5	15.3	11.8
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	34.1	35.2	36.9	44	43.1	40.4	41.8	42.8	40.1	37.9	-

Recent Performance Summary

Total Income has increased 15.74 CAGR in last 3 years

Net Profit has increased 46.36 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Return on Equity has declined versus last 3 years average to 12.80%

Total income growth is poor in last 4 quarters

Latest Financials - IndusInd Bank Ltd.

	Standalone	Consolidated
TTM EPS (₹)	104.3	104.7
TTM Sales (₹ Cr.)	49,004	49,004
BVPS (₹.) ⓘ	832.4	838
Reserves (₹ Cr.) ⓘ	64,062	64,497
P/BV ⓘ	1.31	1.30
PE ⓘ	10.45	10.41

From the Market
52 Week Low / High (₹)	1018.50 / 1694.35
All Time Low / High (₹)	9.00 / 2037.90
Market Cap (₹ Cr.)	84,910
Equity (₹ Cr.)	779
Face Value (₹)	10
Industry PE ⓘ	18

Management X-Ray of Indusind Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

45.48

47.30

45.48

* Pledged shares as % of Promoter's holding (%)

Valuation of Indusind Bank

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Indusind Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	12,240	15,169	18,577	22,031	27,908	35,734	35,558	38,157	44,534	55,136
Interest Income	9,692	11,872	14,406	17,281	22,261	28,783	29,000	30,822	36,368	45,748
Other Income ⓘ	2,548	3,297	4,171	4,750	5,647	6,951	6,559	7,334	8,166	9,388
Expenditure	10,446	12,882	15,709	18,425	24,607	31,316	32,722	33,546	37,145	46,186
Interest Expense	6,272	7,355	8,343	9,783	13,415	16,724	15,472	15,822	18,776	25,132
Operating Expenses	2,870	3,672	4,783	5,591	6,405	8,237	8,360	9,559	11,412	14,263
Provisions	1,305	1,855	2,583	3,050	4,787	6,355	8,890	8,165	6,957	6,790
Profit Before Tax	2,709	3,469	4,360	5,481	4,981	6,121	3,784	6,174	9,860	11,942
Taxes	915	1,183	1,492	1,875	1,679	1,703	948	1,563	2,470	2,992
Profit After Tax	1,794	2,286	2,868	3,606	3,301	4,418	2,836	4,611	7,390	8,950
Adjusted EPS (₹)	33.88	38.43	47.95	60.08	54.77	63.70	36.68	59.52	95.24	114.99
Dividend Payout Ratio (%)	12%	12%	13%	12%	14%	0%	14%	14%	15%	14%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	529	595	598	600	603	694	773	775	776	778
Total Reserves ⓘ	10,101	17,087	20,033	23,227	26,072	33,330	42,587	46,906	53,801	61,915
Minority Interest	0	0	0	0	0	0	0	0	0	0
Deposits	74,134	93,000	1,26,572	1,51,639	1,94,868	2,02,040	2,56,205	2,93,681	3,36,438	3,84,793
Borrowings ⓘ	20,618	24,996	22,454	38,289	47,321	60,754	51,323	47,323	49,011	47,611
Other Liabilities	6,404	7,219	8,992	7,871	8,956	10,241	12,085	13,289	17,777	19,837
Total Liabilities ⓘ	1,11,787	1,42,897	1,78,648	2,21,626	2,77,819	3,07,058	3,62,973	4,01,975	4,57,804	5,14,935
Assets
Balance with RBI	4,035	4,521	7,749	10,962	9,961	13,675	17,871	60,141	42,961	18,557
Balance with Banks	6,744	5,591	10,880	2,253	4,822	2,328	38,457	8,133	13,550	18,244
Investments ⓘ	22,878	34,054	36,702	50,077	59,266	59,980	69,695	70,971	83,116	1,06,527
Advances	68,788	88,419	1,13,081	1,44,954	1,86,393	2,06,783	2,12,595	2,39,052	2,89,924	3,43,298
Net Block ⓘ	1,120	1,218	1,307	1,313	1,688	1,742	1,734	1,754	1,857	2,001
Other Assets	8,184	9,056	8,902	12,041	15,666	22,471	22,546	21,829	26,260	26,111
Total Assets ⓘ	1,11,787	1,42,897	1,78,648	2,21,626	2,77,819	3,07,058	3,62,973	4,01,975	4,57,804	5,14,935

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-1,421	-2,927	11,569	-20,700	-6,389	-12,039	44,646	16,600	-12,438	-16,843
Cash Flow From Investing Activity ⓘ	-276	-258	-274	-220	-638	-400	-233	-362	-520	-633
Cash Flow From Financing Activity ⓘ	5,707	2,517	-2,768	15,505	8,590	12,733	-4,096	-4,302	1,115	-2,242
Net Cash Flow ⓘ	4,010	-667	8,527	-5,415	1,563	294	40,317	11,936	-11,843	-19,718

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	34	38	48	60	55	64	37	60	95	115
DPS (₹)	4	5	6	8	8	0	5	9	14	17
BVPS (₹)	193	291	339	391	437	486	557	612	700	802
Margin Ratios
Yield on Advances (%)	14.1	13.4	12.7	11.9	11.9	13.9	13.6	12.9	12.5	13.3
Yield on Investments (%)	7.5	6.5	7.5	6.9	6.4	8.1	7.7	6.6	5.7	6.2
Cost of Liabilities (%)	6.6	6.2	5.6	5.2	5.5	6.4	5.0	4.6	4.9	5.8
NIM (%)	3.3	3.4	3.6	3.6	3.4	4.3	4.0	4.0	4.1	4.2
Interest Spread (%)	7.5	7.2	7.1	6.8	6.4	7.6	8.6	8.3	7.7	7.5
Performance Ratios
ROA (%)	1.8	1.8	1.8	1.8	1.3	1.5	0.9	1.2	1.7	1.8
ROE (%)	19.0	16.6	15.3	16.5	13.3	14.7	7.4	10.2	14.5	15.3
ROCE (%)	13.8	13.8	13.5	13.7	11.4	11.7	8.2	10.1	13.0	14.4
Efficiency Ratios
Cost to Income Ratio (%)	48.1	47.0	46.7	45.7	44.2	43.3	41.6	42.8	44.3	47.5
Operating Costs to Assets (%)	2.6	2.6	2.7	2.5	2.3	2.7	2.3	2.4	2.5	2.8
Valuation Parameters
Price/Book(x)	4.6	3.3	4.2	4.6	4.1	0.7	1.7	1.5	1.5	1.9

IndusInd Bank Ltd Stock News

IndusInd Bank Ltd FAQs

What is the share price of Indusind Bank?

Company share prices are keep on changing according to the market conditions. The closing price of Indusind Bank on 05-Nov-2024 00:00 is ₹1,090.

What is the market cap of Indusind Bank?

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 05-Nov-2024 00:00 the market cap of Indusind Bank stood at ₹84,910.3.

What is the P/E ratio of Indusind Bank?

The latest P/E ratio of Indusind Bank as of 05-Nov-2024 00:00 is 10.45.

What is the P/B ratio of Indusind Bank?

The latest P/B ratio of Indusind Bank as of 05-Nov-2024 00:00 is 1.31.

What is the 52-week high and low of Indusind Bank?

The 52-week high of Indusind Bank is ₹1,694.4 and the 52-week low is ₹1,018.5.

What is the TTM revenue of Indusind Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indusind Bank is ₹49,004 ( Cr.) .

About IndusInd Bank Ltd

Established in 1994 by Srichand P Hinduja, the name ‘IndusInd’ Bank was inspired by the Indus Valley Civilisation - one of the greatest cultural example of a combination of innovation with sound business and trade practices. Over the years, the bank have grown ceaselessly and dynamically driven by a zeal to offer its customers banking services at par with the highest quality standards in the industry.

IndusInd Bank Limited was incorporated in 1994 under the Companies Act, 1956 and is licensed by the Reserve Bank of India (RBI) to operate as a commercial bank under the Banking Regulation Act, 1949. IndusInd Bank is a universal Bank with a widespread banking footprint with many customers, at various distribution points with numerous branches across the country. With ‘Sustainability’ at the core, the bank offer a wide array of products and services for individuals and corporates including microfinance, personal loans, personal and & commercial vehicles loans, credit cards and SME loans. The bank is also a preferred banking partner for various Government entities, PSUs and large corporates.

Business area of the bank

The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India.

Holding, Subsidiary and Associate Companies

IndusInd Marketing and Financial Services Private Limited
IndusInd Financial Inclusion Limited

Awards and Accolades

The Bank has received many awards and accolades for excellence in managing IT Risk and Cyber security initiatives, digital payment facilitator, financial inclusion and CSR initiatives, safety and security, best data quality and information technology and for innovations, etc. Some of them are:

Asia’s best partner bank, NBFIs segment for transaction banking IDC Financial insights- Singapore (2019).
Best digital payment facilitator, World Digital Marketing Congress & CMO Asia 2019.
Most innovative money transfer product- India digital awards IAMAI 2019.
Best bank- Payment and digital initiative world BFSI Congress & awards.
Triple A Awards, Hong Kong- best cash management solution for Asset triple A awards - Hong Kong 2019.
Triple A Awards, Hong Kong- best payment and collection solution- (Financial services Bajaj Finance, Aditya Birla Capital and Ebixcash).
Triple A Awards, Hong Kong- best payment and collection solution- New Economy (Star Agribazaar & Indofil Industries).
Triple A Awards, Hong Kong-best country solutions - cash management (Thomas Cook) 2018.
Triple A Awards, Hong Kong- best country solutions - capital market (Samco Securities) 2018.
Triple A Awards, Hong Kong- best country solutions - Best e- solution, 2018-2017.
Triple A Awards, Hong Kong- best bank in India - PSU 2017, 2016.

History and Milestones

2013

IndusInd Bank launches Indus Forex Card
Suzuki Two-Wheelers and IndusInd Bank tie up for Retail Finance
IndusInd Bank enhances its core banking system to Finacle 10.2 version
Best Bank Award Customer Management and Business Intelligence Initiatives among Small Banks 2012-13 by IDRBT

2014

IndusInd Bank and American Express announce strategic partnership with the launch of the new IndusInd Bank Iconia American Express Card
IndusInd Bank inaugurates India’s first Digital Branch at Rapid Metro station, Gurgaon
IndusInd Bank and Jet Airways announce strategic partnership with the launch of the new Jet Airways IndusInd Bank Credit Cards
IndusInd Bank launches Video Branch
Awarded Best Mid-size Bank and Fastest Growing Mid-size Bank Business World - PwC Best Bank Survey 2014

2015

Indusind Bank has inked an agreement with Worldpay to offer domestic acquiring services in India
Indusind Bank has entered into an agreement to acquire Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India
Induslnd Bank launched the Chelsea FC Co-Brand Credit Card
Induslnd Bank launches ''Onthego'' Social banking
Indusind Bank completes acquisition of Royal Bank of Scotland’s Diamond & Jewellery Financing business in India
IndusInd has launched customer responsive service called QuickPay, which allows its customers to send money instantly to their personal contacts and/or business parties through SMS, E-mail and social media platforms

2016

IndusInd Bank partners with PayU India to revolutionize Digital Banking & Payments
IndusInd Bank signs MoU with Indian army
IndusInd Bank launches 'IndusInd For Sports'- a non-banking sports vertical
IndusInd Bank opens IFSC Banking Unit at GIFT City
Indusind Bank sings 3 year strategic agreement with IBM
IndusInd Bank Paytm partners with Indusind Bank to offer financing options for booking of two-wheelers

2017

IndusInd Bank enters into an agreement to acquire IL&FS Ltd’s Securities Services Subsidiary
IndusInd Bank launches IndusForex.com - one stop portal for all foreign exchange needs
IndusInd Bank partners with SunTec to roll out GST
IndusInd Bank partners with one of India’s largest CNG provider for cashless payment solutions
IndusInd Bank and Bharat Financial Inclusion Announce Merger

2018

IndusInd Bank partners with Samsung to offer Samsung Pay services to its credit card customers
IndusInd Bank signs a definitive share purchase agreement to acquire IL&FS Securities Services Ltd, the securities services subsidiary of IL&FS
IndusInd Bank Limited receives ‘No-objection’ from NSE, BSE for merger of Bharat Financial Inclusion Limited with IndusInd Bank Limited
IndusInd Bank launches ‘IndusInd Bank Duo Card’ - India’s first two chip debit cum credit card
IndusInd Bank launches ‘IndusInd Bank Nexxt Credit Card’ - India’s first interactive Credit Card with buttons

2019

IndusInd Bank launches co-branded credit card with PAYBACK
IndusInd Bank partners with Government of Maharashtra and NPCI for ‘Mumbai Fintech Accelerator Programme’
IndusInd Bank inaugurates two branches in Kolkata
IndusInd Bank forays into Boisar; inaugurates a branch
IndusInd Bank inaugurates a branch in Sadar Bazar, Delhi
IndusInd Bank inaugurates a branch in Jewar, Uttar Pradesh
IndusInd Bank launches the super-premium ‘IndusInd Bank Celesta American Express Credit Card’ with a host of exclusive features
IndusInd Bank inaugurates a branch in Puducherry; its second in the city
IndusInd Bank inaugurates a branch in Dehradun; its third in the city

2020

IndusInd Bank introduces ‘PIONEER’ Banking - its Wealth Management platform
IndusInd Bank records the ‘highest’ growth in brand value amongst top global banks
IndusInd Bank deploys Mobile ATM in Ahmedabad
IndusInd Bank expands its Video Banking platform; Launches ‘Video KYC’ for savings account and credit card customers
IndusInd Bank launches India’s first mobile app based facility for opening current accounts in a paperless manner
IndusInd Bank completes integration with CRMNEXT across all customer touch points