Digital journey
The Bank?s journey on its Digital agenda continued at pace, with more than 50% of its sales across retail liabilities, assets and wealth products done via digital platforms, helping drive sales efficiency.
Concerns are on MSME sector
The Business Banking Group (BBG) which fulfils the financial needs of the Bank?s MSME customers followed a cautious approach towards new customer acquisition during FY20, looking to the overall economic scenario. Increased emphasis was laid on portfolio granularity through expansion of the client base: 85% of the customers acquired during the year were of ticket size of less than `2 crores, and almost 50% of these were sourced through the Bank?s own branch network.
Using GST payment as appraisal tool
The Bank enhanced its product offering for this segment with the launch of ?GST and Banking Secured Overdraft product? during Q3-FY2020. This is a score-based template product which relies on customer?s banking and repayment behavior, GST payments, and collateral, for making instant appraisal decisions.
IndusInd Bank Share Price
- Open1,494.00
- High1,504.95
- Low1,485.00
- Prev Close1,497.90
- Volume51,66,134
- VWAP(₹)1,496.20
IndusInd Bank share price insights
Dividend Announcement
Company announced a dividend of Rs 16.5 per share on 25 Apr, 2024 with record date of 28 Jun, 2024.Loan Book Growth - Beating 5 Yr CAGR
IndusInd Bank Ltd. reported a YoY increase of 18.41% in its advances, which is higher than its 5 yr CAGR of 10.67%. (Source: Consolidated Financials)Net Interest Margin - Uptrend
Company is able to expand its net interest margin on a continuous basis over the last 3 years with margins of 4.0% in last year. (Source: Consolidated Financials)Buy Signal: Bulls gaining steam
10 day moving crossover appeared yesterday. Average price gain of 3.86% within 7 days of this signal in last 5 years.IndusInd Bank Share Price Update
IndusInd Bank Ltd. share price moved up by 0.33% from its previous close of Rs 1,497.90. IndusInd Bank Ltd. stock last traded price is 1,502.75
Share Price Value Today/Current/Last 1,502.75 Previous Day 1,497.90
IndusInd Bank Share Price Returns
| 1 Day | 0.33% |
| 1 Month | 2.57% |
| 3 Months | -2.01% |
| 1 Year | 14.2% |
| 3 Years | 48.36% |
| 5 Years | 3.62% |
Key Metrics
| PE Ratio(x) | 13.03 |
| EPS - TTM(₹) | 115.34 |
| MCap(₹ Cr.) | 1,16,585 |
| MCap Rank | 9 |
| PB Ratio(x) | 1.84 |
| Div Yield(%) | 1.10 |
| Face Value(₹) | 10.00 |
| 52W High(₹) | 1,694.50 |
| 52W Low(₹) | 1,297.35 |
| MCap/Sales | 3.00 |
| Beta(1 Month) | 1.55 |
| BV/Share(₹) | 812.10 |
IndusInd Bank Share Recommendations
42 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 24 | 24 | 23 | 23 |
| Buy | 12 | 12 | 12 | 13 |
| Hold | 5 | 5 | 5 | 4 |
| Sell | 1 | 1 | 1 | 1 |
| Strong Sell | - | - | - | - |
| # Analysts | 42 | 42 | 41 | 41 |
IndusInd Bank News & Analysis
IndusInd Bank Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 14,706.66 13,968.17 13,529.68 12,939.47 12,174.31 Total Income Growth (%) 5.29 3.24 4.56 6.29 5.55 Provisions & Contingencies 950.23 969.25 973.81 991.57 1,030.05 Provisions & Contingencies Growth (%) -1.96 -0.47 -1.79 -3.74 -3.26 Profit after Tax (PAT) 2,349.15 2,301.49 2,202.16 2,124.50 2,043.44 PAT Growth (%) 2.07 4.51 3.66 3.97 4.06 Gross NPA (%) 1.92 1.92 1.93 1.94 1.98 Net NPA (%) 0.57 0.57 0.57 0.58 0.59 Net Profit Margin (%) 15.97 16.48 16.28 16.42 16.78 Basic EPS (₹) 30.19 29.60 28.36 27.38 26.34 All figures in Rs Cr, unless mentioned otherwise
InsightsNet Interest Margin - Uptrend
Company is able to expand its net interest margin on a continuous basis over the last 3 years with margins of 4.0% in last year. (Source: Consolidated Financials)Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 23.81% outperformed its 3 year CAGR of 15.64%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Advances 3,43,298.27 2,89,923.68 2,39,051.53 2,12,595.41 2,06,783.16 Advances Growth (%) 18.41 21.28 12.44 2.81 10.94 Deposits 3,84,585.67 3,36,120.19 2,93,349.47 2,55,870.10 2,02,026.99 Deposits Growth (%) 14.42 14.58 14.65 26.65 3.67 Total Equity 63,207.56 54,960.29 48,010.31 43,495.25 34,064.74 Total Equity Growth (%) 15.01 14.48 10.38 27.68 27.70 Gross NPA (%) 1.92 - - - - Net NPA (%) 0.57 - - - - Capital Adequacy Ratios (%) 0.00 - - - - Contingent Liabilities 0.00 12,64,262.58 9,23,786.00 8,50,074.66 9,67,601.83 All figures in Rs Cr, unless mentioned otherwise
InsightsLoan Book Growth - Beating 5 Yr CAGR
IndusInd Bank Ltd. reported a YoY increase of 18.41% in its advances, which is higher than its 5 yr CAGR of 10.67%. (Source: Consolidated Financials)Falling Gross NPA and Net NPA
The bank's gross NPA% and Net NPA% have fallen continuously over the past 4-years to 1.92% and 0.57%, respectively. (Source: Standalone Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities -16,924.71 -12,442.28 16,672.19 44,975.72 -12,907.35 Net Cash used in Investing Activities -711.27 -560.16 -406.16 -331.13 -416.16 Net Cash flow from Financing Activities -2,241.55 1,114.83 -4,302.15 -4,095.79 12,732.70 Net Cash Flow -19,869.35 -11,807.95 11,974.82 40,555.78 1,270.71 Closing Cash & Cash Equivalent 36,907.41 56,776.76 68,584.71 56,609.89 16,054.11 Closing Cash & Cash Equivalent Growth (%) -35.00 -17.22 21.15 252.62 8.60 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 711.27 cr for investing activities which is an YoY increase of 26.98%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 14.20 13.60 10.06 6.78 12.94 Return on Assets (%) 1.74 1.62 1.19 0.80 1.45 Cost to Income (%) 38.14 41.13 46.04 48.16 40.72 Interest income to Earning assets (%) 8.88 7.94 7.66 7.99 9.36 Interest Expense to Earning assets (%) 4.87 4.10 3.93 4.26 5.44 Price to Earnings (x) 15.29 11.14 15.08 25.19 5.46 Price to Book (x) 2.17 1.52 1.52 1.71 0.71 Price to Sales (x) 3.00 2.28 2.35 2.54 0.85 Operating Profit Margin (%) -0.91 -2.00 -8.44 -12.31 -8.66
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y IndusInd Bank Stock Performance 0.33 2.80 7.23 -3.90 12.90 49.74 -3.19 YES Bank Stock Performance -1.18 2.22 4.03 -1.43 41.63 65.56 -83.20 IDFC First Bank Stock Performance -0.66 7.59 8.37 1.73 14.64 37.69 93.18 Federal Bank Stock Performance -0.09 9.24 12.72 13.22 41.50 109.49 67.16 Bandhan Bank Stock Performance -2.57 6.37 9.57 2.69 -21.93 -36.91 -64.18 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 49.74% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Bank
Stock generated 49.74% return as compared to Nifty Bank which gave investors 43.11% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 May 2024
903.15
Amount Invested (in Cr.)
2.7%
% of AUM
0.00
% Change (MoM basis)
554.19
Amount Invested (in Cr.)
1.78%
% of AUM
71.85
% Change (MoM basis)
406.10
Amount Invested (in Cr.)
0.88%
% of AUM
-35.62
% Change (MoM basis)
IndusInd Bank Futures & Options
Corporate Actions
Final
165%
Apr 25, 2024
Board Meeting
Audited Results & Final Dividend
Apr 15, 2024
Board Meeting
Quarterly Results
Jan 09, 2024
Announced on Meeting on Apr 15, 2024 Apr 25, 2024 Audited Results & Final Dividend Jan 09, 2024 Jan 18, 2024 Quarterly Results Oct 09, 2023 Oct 18, 2023 Quarterly Results Jul 17, 2023 Jul 20, 2023 Others Jul 12, 2023 Jul 18, 2023 Quarterly Results Announced on Ex-Date Dividend% Apr 25, 2024 Jun 28, 2024 165% Apr 24, 2023 Jun 02, 2023 140% Apr 29, 2022 Aug 11, 2022 85% Apr 30, 2021 Aug 17, 2021 50% May 22, 2019 Aug 08, 2019 75% No Data Available
No Data Available
No Data Available
Announced on Meeting on Dec 21, 2023 Jan 25, 2024 - Oct 18, 2023 Dec 08, 2023 - Aug 31, 2023 Oct 05, 2023 - Jul 20, 2023 Aug 24, 2023 - Mar 02, 2023 Apr 08, 2023 -
About
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 116,584.55 Crore).
IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 14,706.66 Crore, up 5.29 % from last quarter Total Income of Rs 13,968.17 Crore and up 20.80 % from last year same quarter Total Income of Rs 12,174.31 Crore. The bank has reported net profit after tax of Rs 2,349.15 Crore in latest quarter.
The bank’s top management includes Mr.Sunil Mehta, Mr.Sumant Kathpalia, Mr.Arun Khurana, Mrs.Akila Krishnakumar, Mrs.Bhavna Doshi, Mr.Jayant Deshmukh, Mr.Pradeep Udhas, Mr.Rajiv Agarwal, Mr.Sanjay Asher, Mr.Shanker Annaswamy, Dr.T T Ram Mohan, Mr.Gobind Jain, Mr.Anand Kumar Das,, Mr.Vivek Bajpeyi. It has MSKA & Associates as its auditoRs As on 31-03-2024, the company has a total of 77.83 Crore shares outstanding.
About IndusInd Bank
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 116,584.55 Crore).IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2024.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 14,706.66 Crore, up 5.29 % from last quarter Total Income of Rs 13,968.17 Crore and up 20.80 % from last year same quarter Total Income of Rs 12,174.31 Crore. The bank has reported net profit after tax of Rs 2,349.15 Crore in latest quarter.The bank’s top management includes Mr.Sunil Mehta, Mr.Sumant Kathpalia, Mr.Arun Khurana, Mrs.Akila Krishnakumar, Mrs.Bhavna Doshi, Mr.Jayant Deshmukh, Mr.Pradeep Udhas, Mr.Rajiv Agarwal, Mr.Sanjay Asher, Mr.Shanker Annaswamy, Dr.T T Ram Mohan, Mr.Gobind Jain, Mr.Anand Kumar Das,, Mr.Vivek Bajpeyi. It has MSKA & Associates as its auditoRs As on 31-03-2024, the company has a total of 77.83 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty 50, BSE Sensex, Nifty Bank, Nifty 100, Nifty 200
Address
2401, General Thimmayya Road,Cantonment,Pune, Maharashtra - 411001
Executive Leadership
Sunil Mehta
ChairmanSumant Kathpalia
Managing Director & CEOArun Khurana
Deputy Chief Executive OfficerAkila Krishnakumar
DirectorAuditors
Brands
FAQs about IndusInd Bank share
- 1. What's the IndusInd Bank share price today?As on 27 Jun, 2024, 03:59 PM IST IndusInd Bank share price was up by 0.33% basis the previous closing price of Rs 1,497.9. IndusInd Bank share price was Rs 1,502.75. Return Performance of IndusInd Bank Shares:
- 1 Week: IndusInd Bank share price moved down by 1.64%
- 1 Month: IndusInd Bank share price moved up by 2.57%
- 3 Month: IndusInd Bank share price moved down by 2.01%
- 6 Month: IndusInd Bank share price moved down by 5.93%
- 2. What are the IndusInd Bank quarterly results?Total Revenue and Earning for IndusInd Bank for the year ending 2024-03-31 was Rs null Cr and Rs 8977.30 Cr on Consolidated basis. Last Quarter 2024-03-31, IndusInd Bank reported an income of Rs 14706.66 Cr and profit of Rs 2349.15 Cr.
- 3. Who is the Chief Executive Officer of IndusInd Bank?Sumant Kathpalia is the Managing Director & CEO of IndusInd Bank
- 4. Who's the chairman of IndusInd Bank?Sunil Mehta is the Chairman of IndusInd Bank
- 5. What are the returns for IndusInd Bank share?Return Performance of IndusInd Bank Shares:
- 1 Week: IndusInd Bank share price moved down by 1.64%
- 1 Month: IndusInd Bank share price moved up by 2.57%
- 3 Month: IndusInd Bank share price moved down by 2.01%
- 6 Month: IndusInd Bank share price moved down by 5.93%
- 6. What's the market capitalization of IndusInd Bank?Within the Banks sector, IndusInd Bank stock has a market cap rank of 9. IndusInd Bank has a market cap of Rs 1,16,585 Cr.
- 7. Which are the key peers to IndusInd Bank?Top 10 Peers for IndusInd Bank are YES Bank Ltd., IDFC First Bank Ltd., Federal Bank Ltd., Bandhan Bank Ltd., Karur Vysya Bank Ltd., RBL Bank Ltd., Jammu & Kashmir Bank Ltd., City Union Bank Ltd., Karnataka Bank Ltd. and Tamilnad Mercantile Bank Ltd.
- 8. What are the key metrics to analyse IndusInd Bank Share Price?Key Metrics for IndusInd Bank are:
- PE Ratio of IndusInd Bank is 13.03
- Price/Sales ratio of IndusInd Bank is 3.00
- Price to Book ratio of IndusInd Bank is 1.84
- 9. What is the CAGR of IndusInd Bank?The CAGR of IndusInd Bank is 6.02.
- 10. What is the PE & PB ratio of IndusInd Bank?The PE ratio of IndusInd Bank stands at 13.03, while the PB ratio is 2.12.
- 11. Who's the owner of IndusInd Bank?Following are the key changes to IndusInd Bank shareholding:
- Promoter holding have gone down from 16.49 (30 Jun 2023) to 16.4 (31 Mar 2024)
- Domestic Institutional Investors holding has gone up from 26.16 (30 Jun 2023) to 27.95 (31 Mar 2024)
- Foreign Institutional Investors holding have gone down from 42.34 (30 Jun 2023) to 40.25 (31 Mar 2024)
- Other investor holding has gone up from 15.01 (30 Jun 2023) to 15.4 (31 Mar 2024)
- 12. What is 52 week high/low of IndusInd Bank share price?52 Week high of IndusInd Bank share is Rs 1,694.50 while 52 week low is Rs 1,297.35
- 13. Is IndusInd Bank giving dividend?IndusInd Bank Ltd. announced an equity dividend of 165% on a face value of 10.0 amounting to Rs 16.5 per share on 25 Apr 2024. The ex dividend date was 28 Jun 2024.
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