Is Indian Bank a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indian Bank is a below average quality company .

Is Indian Bank undervalued or overvalued?

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

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

Indian Bank share price has appreciated 11.3% annually (CAGR) over the past ten years.

Is Indian Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indian Bank is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Indian Bank - Stock Valuation and Financial Performance

Name: Indian Bank
Brand: Indian Bank

BSE: 532814 | NSE: INDIANB | Bank - Public | Mid Cap

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Indian Bank Share Price

₹527.55 4.90 0.94%
as on 21-Nov'24 15:51

10 Year X-Ray of Indian 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.)	4,464	4,449	5,148	6,264	7,015	7,604	15,669	16,759	20,268	23,309	24,239
YoY Gr. Rt. %	-	-0.3%	15.7%	21.7%	12%	8.4%	106.1%	7%	20.9%	15%	-
Total Income	17,226	18,033	18,262	19,532	21,074	24,727	45,219	46,268	52,790	64,232	68,470
YoY Gr. Rt. %	-	4.7%	1.3%	7%	7.9%	17.3%	82.9%	2.3%	14.1%	21.7%	-
Adj EPS (₹ )	21.8	15.6	30.3	27.3	7.9	14.2	27.9	33.3	44.7	62.5	73.3
YoY Gr. Rt. %	-	-28.4%	93.4%	-9.8%	-71%	78.9%	97%	19.3%	34.5%	39.7%	-
BVPS (₹ )	265.5	285.4	306.8	335.1	346.1	374	349.4	311.1	348.5	402.9	447.3
YoY Gr. Rt. %	-	7.5%	7.5%	9.2%	3.3%	8.1%	-6.6%	-11%	12%	15.6%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	0.5	0.4	0.7	0.5	0.1	0.3	0.6	0.6	0.8	1.1	1.2
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	2.5	4.2	4.4	3.8	3.8	3.1	3.4	2.3	0.9	0.4	0.3
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	20.2%	27.1%	14.2%	15%
Total Income	15.8%	25%	12.4%	21.7%
Adj EPS	12.4%	51.2%	30.9%	39.7%
BVPS	4.7%	3.1%	4.9%	15.6%
Share Price	11.3%	34.3%	48.8%	25.4%

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	92.03	90.08	87.83	87.63	91.02	86.55	86.49	84.05	85.22	86.64	86.5
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	2.4	2.3	2.5	2.6	2.6	2.6	2.6	2.6	3	3	3
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	8.3	5.4	9.9	8.2	2	3.9	9.7	10.2	13	16.7	16.4
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	28.8	31.3	37.1	37	34.7	34.7	42.3	41.8	42	40.8	-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.20%

Total Income has increased 12.41 CAGR in last 3 years

Net Profit has increased 30.88 CAGR in last 3 years

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

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Indian Bank

	Standalone	Consolidated
TTM EPS (₹)	70.4	73.3
TTM Sales (₹ Cr.)	59,209	59,246
BVPS (₹.) ⓘ	431.5	447.3
Reserves (₹ Cr.) ⓘ	56,779	58,900
P/BV ⓘ	1.21	1.17
PE ⓘ	7.43	7.13

From the Market
52 Week Low / High (₹)	391.25 / 626.35
All Time Low / High (₹)	41.70 / 626.35
Market Cap (₹ Cr.)	70,399
Equity (₹ Cr.)	1,347
Face Value (₹)	10
Industry PE ⓘ	9.6

Management X-Ray of Indian Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Indian 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 Indian 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	17,226	18,033	18,262	19,532	21,074	24,727	45,219	46,268	52,790	64,232
Interest Income	15,853	16,244	16,039	17,115	19,182	21,401	39,108	38,888	44,985	55,650
Other Income ⓘ	1,372	1,789	2,222	2,417	1,891	3,326	6,111	7,380	7,805	8,582
Expenditure	16,212	17,319	16,849	18,269	20,753	23,969	42,204	42,274	47,459	56,103
Interest Expense	11,390	11,795	10,891	10,851	12,167	13,798	23,439	22,129	24,717	32,341
Operating Expenses	2,825	3,202	3,363	3,673	4,028	4,433	10,789	11,354	12,725	14,953
Provisions	1,997	2,321	2,594	3,744	4,557	5,738	7,976	8,791	10,017	8,809
Profit Before Tax	1,477	958	1,765	1,080	283	1,377	2,917	3,253	5,963	11,017
Taxes	463	244	353	-183	-38	619	-99	-741	633	2,888
Profit After Tax	1,013	715	1,413	1,263	321	758	3,016	3,994	5,330	8,129
Adjusted EPS (₹)	21.84	15.64	30.25	27.29	7.91	14.15	27.88	33.26	44.74	62.51
Dividend Payout Ratio (%)	19%	10%	20%	22%	0%	0%	7%	20%	19%	19%

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 ⓘ	480	480	480	480	480	609	1,129	1,245	1,245	1,347
Total Reserves ⓘ	14,549	16,010	16,954	18,235	19,235	22,159	38,329	43,706	48,261	58,901
Minority Interest	16	17	19	20	20	21	23	25	26	29
Deposits	1,69,204	1,78,259	1,82,480	2,08,262	2,42,041	2,60,184	5,38,030	5,93,571	6,21,123	6,87,953
Borrowings ⓘ	2,646	3,509	12,637	19,760	12,138	20,830	24,763	17,218	22,092	23,143
Other Liabilities	6,140	5,666	5,938	6,224	6,474	6,337	23,262	18,331	20,585	24,335
Total Liabilities ⓘ	1,93,036	2,03,941	2,18,507	2,52,981	2,80,388	3,10,141	6,25,535	6,74,096	7,13,334	7,95,709
Assets
Balance with RBI	8,301	9,174	5,589	10,502	11,702	5,736	27,545	58,555	32,693	32,703
Balance with Banks	4,781	2,825	4,459	2,432	8,326	8,200	23,959	21,414	17,524	9,474
Investments ⓘ	46,060	53,283	67,781	71,619	65,272	81,871	1,78,292	1,76,502	1,88,366	2,15,242
Advances	1,25,870	1,29,055	1,27,708	1,56,569	1,81,262	1,97,887	3,62,669	3,89,186	4,49,294	5,14,889
Net Block ⓘ	2,969	3,508	3,436	3,421	3,964	3,898	7,391	7,693	7,470	7,523
Other Assets	5,049	6,088	9,525	8,438	9,862	12,547	25,677	20,742	17,976	15,861
Total Assets ⓘ	1,93,036	2,03,941	2,18,507	2,52,981	2,80,388	3,10,141	6,25,535	6,74,096	7,13,334	7,95,709

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 ⓘ	5,136	-931	-10,814	-3,676	6,270	-8,396	17,231	28,750	-27,894	-8,617
Cash Flow From Investing Activity ⓘ	-236	-772	-179	-214	-249	-247	-545	-305	-314	-618
Cash Flow From Financing Activity ⓘ	-2,312	620	9,041	6,776	1,000	2,552	1,866	18	-1,543	1,195
Net Cash Flow ⓘ	2,588	-1,082	-1,952	2,886	7,021	-6,091	18,552	28,464	-29,751	-8,040

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 (₹)	22	16	30	27	8	14	28	33	45	63
DPS (₹)	4	2	6	6	0	0	2	7	9	12
BVPS (₹)	266	285	307	335	346	374	349	311	348	403
Margin Ratios
Yield on Advances (%)	12.6	12.6	12.6	10.9	10.6	10.8	10.8	10.0	10.0	10.8
Yield on Investments (%)	8.3	8.4	7.8	8.1	8.0	7.5	7.5	7.2	6.4	6.7
Cost of Liabilities (%)	6.6	6.5	5.6	4.8	4.8	4.9	4.2	3.6	3.8	4.6
NIM (%)	2.4	2.3	2.5	2.6	2.6	2.6	2.6	2.6	3.0	3.0
Interest Spread (%)	6.0	6.1	7.0	6.2	5.8	5.9	6.6	6.4	6.2	6.3
Performance Ratios
ROA (%)	0.5	0.4	0.7	0.5	0.1	0.3	0.6	0.6	0.8	1.1
ROE (%)	8.3	5.4	9.9	8.2	2.0	3.9	9.7	10.2	13.0	16.7
ROCE (%)	9.0	6.4	8.4	5.1	3.5	5.8	7.7	7.0	11.2	16.6
Efficiency Ratios
Cost to Income Ratio (%)	48.4	51.3	45.6	42.3	45.2	40.6	49.5	47.0	45.3	46.9
Operating Costs to Assets (%)	1.5	1.6	1.5	1.5	1.4	1.4	1.7	1.7	1.8	1.9
Valuation Parameters
Price/Book(x)	0.7	0.4	0.9	0.9	0.8	0.1	0.3	0.5	0.8	1.3

Indian Bank Stock News

Indian Bank FAQs

What is the share price of Indian Bank?

Company share prices are keep on changing according to the market conditions. The closing price of Indian Bank on 21-Nov-2024 15:51 is ₹527.5.

What is the market cap of Indian 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 21-Nov-2024 15:51 the market cap of Indian Bank stood at ₹70,399.1.

What is the P/E ratio of Indian Bank?

The latest P/E ratio of Indian Bank as of 21-Nov-2024 15:51 is 7.43.

What is the P/B ratio of Indian Bank?

The latest P/B ratio of Indian Bank as of 21-Nov-2024 15:51 is 1.21.

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

The 52-week high of Indian Bank is ₹626.4 and the 52-week low is ₹391.2.

What is the TTM revenue of Indian Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Bank is ₹59,209 ( Cr.) .

About Indian Bank

Indian Bank was established as a part of Swadeshi movement on 15 August 1907. It provides a wide spectrum of banking products and services. It is pioneer in introducing Self Help Groups and Financial Inclusion Project in the country

It has entered into a strategic tie-up with HDFC Standard Life Insurance Company Ltd., the first in the private sector to receive the Certificate of Registration for foray into Life Insurance business for distribution of latter’s insurance products. A Memorandum of understanding has been signed by the Bank with the Insurance Company on February 8, 2001 to this effect.

The year 2019-20 was eventful for Indian Bank as the Bank was identified as the Anchor Bank in consolidation of PSBs. The Government on 30 August 2019 announced the Amalgamation of Allahabad Bank- a bank with 155 years legacy into Indian Bank. Customers of both the banks will now have a banking experience that is “Twice as Good'.

Post amalgamation, Indian Bank enjoys the benefits of doubled balance sheet size, optimized capital utilization and wider geographic reach leading to deeper penetration. The Bank has access to larger talent pool, better products and opportunities to cross sell / upsell. It would also leverage upon the increased operational and process efficiencies.

Business area of the bank

The bank provides a wide spectrum of banking products and services. The services offered by the bank includes Personal Banking -Under this the bank offers fixed deposits, saving accounts, recurring accounts, saving accounts for kids and senior citizens, internet banking, ATM facility, debit/credit cards, home loans, personal loans. NRI services- The bank offers banking products and services to NRI clients such as saving accounts, remittance facilities, forex advisory services, home loans, etc. It also provide cash management services (CMS), eletronic funds transfer schemes as well as provides seven-day banking at few of their branches

Awards & Accolades

FY 17-18

Named the Best Brand by ‘the Economic Times Best BFSI Brands 2018’
Financial Express/EY Best Bank 2016-17 - Nationalised Banks
ASSOCHAM Social Banking Excellence Awards 2017 Winner Best Social Bank category and Runner up Priority sector lending

FY 18-19

Best performing PSB under APY 2017-18 - PFRDA
Best Performance - Financial Literacy - 2018-19 - NABARD
Best Bank in SHG Bank linkage Programme' for 2017-18 from Govt of Tamil Nadu. Bank has bagged this award for consecutive years.
National Award for Best Performance in SHG Bank Linkages 2017-18 Public Sector Banks (Small Category) by National Rural Livelihoods Mission, Ministry of Rural Development, Government of India.
Best Financial Inclusion Initiatives - Runner up - Indian BanksAssociation (IBA).
ASSOCHAM - Social Banking Excellence Award 2018 - Winner in Agricultural Banking, Priority Sector Lending, Technology & Overall Best Social Bank.
Best Public Sector Bank Banking Excellence Award 2018 - By State Forum of Banker's Clubs Kerala.

FY 19-20

Technology Senate’ award from Indian Express Group for the product ‘VCollect Plus’ for enabling collection through Cash / Cheque at any branch or NEFT / RTGS through any Bank
MeitY Award for Digital Payments under Mid-Size Bank category for the highest digital transactions

Milestones

1907: Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907.
1907: In the year 1907, the Indian Bank Ltd. had the tree 'Banyan' as a part of its emblem denoting an all-around progress, growth (far and wide) and an ever increasing prosperity.
1921: Bank's capital was raised to Rs 60 lakhs from Rs 20 lakhs.
1932: Bank celebrated its Silver Jubilee
1932: Bank opened its first overseas operations in Colombo
1941: Singapore branch was opened
1952: Bank's deposits crossed Rs 20 crore at the end of 1952.
1957: Bank celebrated its Golden Jubilee
1967: Bank celebrated its Diamond Jubilee
1970: Bank's Head Office housed in a rental building, moved into the new building.
1978: Indian Bank's logo was approved in July 1978 comprising of three circling arrows arranged around a central point.
1980: Bank's deposit crossed Rs 1000 crore.
1982: Bank celebrated its Platinum Jubilee
1983: Bank crossed its Rs 1000 crore mark in credit.
1985: Global Deposit crossed the Rs 3000 crore mark.
1986: Global credit crossed Rs 2000 crore.
1989: The era of technology initiated with the installation of Mainframe at the Head Office.
1989: Indian Bank was the first Public Sector Bank to install ATM.
1990: Bank of Thanjavur Ltd. (BoT) with 157 branches was amalgamated with the Bank.
1993: The first total branch computerization project was inaugurated.
1999: Bank's domestic deposits crossed the Rs 15000 crore mark during the year.
1999: Government of India infused a sum of Rs 100 crore during March 1999 as additional capital.
2002: Bank turned around by earning a net profit of Rs 33.22 crore during the year after a gap of 6 years.
2002: Bank posted an operating profit of Rs 307.15 crore, with an increase of nearly 399%.
2006: The centenary year celebration of the Bank was inaugurated by His Excellency the President of India Shri.AP JAbdul Kalam on 4 September.
2007: Bank went in for Initial Public Offer in February, 2007.
2008: Bank's business crossed the Rs 1 lakh crore mark in March 2008.
2008: Achieved 100 per cent Core Banking Solutions (CBS) compliant.
2011: Jaffna branch was opened on January 21, 2011.
2012: Inauguration of new Hi-Tech Corporate Office, at Royapettah which is considered a landmark in Chennai.
2012: Bank crossed the Rs 2 lakh crore mark in business.
2013: Bank crossed the 2000 mark in branch network.
2013: First Corporate Office building among PSBs in India to get the ISO 9001:2008 Certification
2015: Bank's business crossed milestone of Rs 3 lakh crore in June 2015.
2018: Bank was the only PSB which had not received capital from Govt of India.
2019: Bank's business crossed Rs 4.5 lakh crore in December 2019.
2019: Government of India announced Amalgamation of Allahabad Bank - a bank with 155 years legacy into Indian Bank.
2020: Indian Bank launches emergency credit facilities for agriculture sector
2021: Indian Bank entered into an Memorandum of Understanding (MOU) with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs.