BSE: 532187 | NSE: INDUSINDBK | Bank - Private | Large Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that IndusInd Bank Ltd is a good quality company.
The key valuation ratios of IndusInd Bank Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
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.
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 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 | 3.2% | -7.6% | -1.1% | -35% | ||||
| 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 | - | |
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
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 104.3 | 104.7 |
| TTM Sales (₹ Cr.) | 49,004 | 49,004 |
| BVPS (₹.) ⓘ | 832.4 | 837.9 |
| Reserves (₹ Cr.) ⓘ | 64,062 | 64,497 |
| P/BV ⓘ | 1.20 | 1.19 |
| PE ⓘ | 9.59 | 9.56 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 998.00 / 1694.35 |
| All Time Low / High (₹) | 9.00 / 2037.90 |
| Market Cap (₹ Cr.) | 77,914 |
| Equity (₹ Cr.) | 779 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 17.6 |
| Pledged * | 45.48 | 45.48 | 45.48 | 45.48 | 45.48 | 47.30 | 45.48 | 45.48 | 45.48 | 45.48 |
| 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% |
| 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 |
| 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 |
| 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 |
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
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:
History and Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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