Indian Bank

Indian Bank's price/earnings (P/E) rose 222% to 35.4 in 2018

By Helgi Analytics - November 2, 2019

Indian Bank stock traded at INR 280 per share at the end 2018 implying a market capitalization of USD 1,928 mil. Since the end of 2013,...

Indian Bank's net profit fell 71.0% to INR 3.80 bil in 2018

By Helgi Analytics - November 2, 2019

Indian Bank made a net profit of INR 3.80 bil under revenues of INR 89.1 bil in 2018, up -71.0% and 42.2% respectively compared to th...

Indian Bank's npls (as % of loans) fell 3.63% to 7.12% in 2018

By Helgi Analytics - November 2, 2019

Indian Bank's non-performing loans reached 7.12% of total loans at the end of 2018, down from 7.39% compared to the previous year...

Profit Statement 2016 2017 2018
Net Interest Income INR bil 51.5 62.6 70.3
Net Fee Income INR bil 0 0 3.25
Other Income INR bil 0 0 15.6
Total Revenues INR bil 51.5 62.6 89.1
Operating Profit INR bil 17.8 25.9 48.8
Provisions INR bil 25.9 37.4 45.6
Net Profit INR bil 14.5 13.1 3.80
Balance Sheet 2016 2017 2018
Interbank Loans INR bil 44.6 24.3 83.3
Customer Loans INR bil 1,277 1,566 1,813
Debt Securities INR bil 678 716 653
Total Assets INR bil 2,185 2,530 2,804
Shareholders' Equity INR bil 175 187 197
Interbank Borrowing INR bil 0 0 5.98
Customer Deposits INR bil 1,825 2,083 2,420
Issued Debt Securities INR bil 126 198 121
Ratios 2016 2017 2018
ROE % 8.56 7.24 1.98
ROA % 0.688 0.556 0.143
Costs (As % Of Assets) % 1.59 1.56 1.51
Costs (As % Of Income) % 65.3 58.6 45.2
Capital Adequacy Ratio % 13.9 12.8 13.5
Net Interest Margin % 2.44 2.66 2.64
Loans (As % Of Deposits) % 70.0 75.2 74.9
NPLs (As % Of Loans) % 7.50 7.39 7.12
Provisions (As % Of NPLs) % 43.0 50.2 49.2
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 1,967 2,260 1,928
Share Price (End Of Period) INR 278 300 280
Price/Earnings (P/E) 9.20 11.0 35.4
Price/Book Value (P/BV) 0.766 0.769 0.682
Dividend Yield % 2.16 2.00 0
Earnings Per Share (EPS) INR 30.3 27.3 7.91
Book Value Per Share INR 363 390 411
Dividend Per Share INR 6.00 6.00 0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                  
Net Interest Income INR bil                     45.3 43.6 44.6 44.7 51.5    
Total Revenues INR bil                     45.3 43.6 44.6 62.4 51.5    
Operating Profit INR bil                     17.7 15.2 16.4 30.4 17.8    
Net Profit INR bil                     16.1 11.9 10.5 7.51 14.5    
balance sheet                                  
Interbank Loans INR bil                     25.8 27.4 47.8 28.3 44.6    
Customer Loans INR bil                     1,056 1,222 1,259 1,291 1,277    
Debt Securities INR bil                     419 469 461 530 678    
Total Assets INR bil                     1,630 1,874 1,930 2,039 2,185    
Shareholders' Equity INR bil                     121 140 150 165 175    
Interbank Borrowing INR bil                     0 0 0 6.90 0    
Customer Deposits INR bil                     1,420 1,623 1,692 1,783 1,825    
Issued Debt Securities INR bil                     28.6 49.6 26.5 35.1 126    
ratios                                  
ROE %                     14.2 9.10 7.21 4.76 8.56    
ROA %                     1.06 0.679 0.551 0.379 0.688    
Costs (As % Of Assets) %                     1.81 1.62 1.49 1.61 1.59    
Costs (As % Of Income) %                     60.9 65.1 63.3 51.3 65.3    
Capital Adequacy Ratio % ... ... ... ...             13.3 12.8 13.0 13.4 13.9    
Net Interest Margin %                     2.98 2.49 2.35 2.25 2.44    
Interest Income (As % Of Revenues) %                     100 100 100 71.6 100    
Fee Income (As % Of Revenues) %                     0 0 0 4.61 0    
Equity (As % Of Assets) %                     7.43 7.49 7.79 8.09 7.99    
Loans (As % Of Deposits) %                     74.4 75.3 74.4 72.4 70.0    
Loans (As % Assets) %                     64.8 65.2 65.2 63.3 58.4    
NPLs (As % Of Loans) % ... ... ... ... ...           3.34 3.71 4.45 6.71 7.50    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...   34.3 40.0 36.6 33.0 43.0    
valuation                                  
Market Capitalisation (End Of Period) USD mil ... ... ... ...             1,382 864 1,321 752 1,967    
Number Of Shares (Average) mil ... ... ... ...             430 433 465 480 480    
Share Price (End Of Period) INR ... ... ... ...             176 123 179 104 278    
Earnings Per Share (EPS) INR ... ... ... ...             37.4 27.5 22.6 15.6 30.3    
Book Value Per Share INR ... ... ... ...             282 324 324 344 363    
Dividend Per Share INR ... ... ... ...             6.60 4.80 4.34 1.50 6.00    
Price/Earnings (P/E) ... ... ... ...             4.70 4.49 7.94 6.64 9.20    
Price/Book Value (P/BV) ... ... ... ...             0.625 0.380 0.554 0.302 0.766    
Dividend Yield % ... ... ... ...             3.75 3.90 2.42 1.44 2.16    
Earnings Per Share Growth % ... ... ... ... ...           -8.86 -26.6 -17.9 -30.7 93.4    
Book Value Per Share Growth % ... ... ... ... ...           15.4 15.1 -0.215 6.20 5.73    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                  
Interest Income INR bil                     139 152 159 163 160    
Interest Cost INR bil                     93.7 109 114 118 109    
Net Interest Income INR bil                     45.3 43.6 44.6 44.7 51.5    
Net Fee Income INR bil                     0 0 0 2.88 0    
Other Income INR bil                     0 0 0 14.9 0    
Total Revenues INR bil                     45.3 43.6 44.6 62.4 51.5    
Operating Cost INR bil                     27.6 28.4 28.3 32.0 33.6    
Operating Profit INR bil                     17.7 15.2 16.4 30.4 17.8    
Provisions INR bil                     14.8 17.4 20.0 23.2 25.9    
Extra and Other Cost INR bil                     -12.9 -13.8 -13.7 0.019 -22.2    
Pre-Tax Profit INR bil                     15.8 11.6 10.1 7.15 14.1    
Tax INR bil                     0 0 0 0 0    
Minorities INR bil                     0.003 0.001 0.018 0.010 0.019    
Net Profit INR bil                     16.1 11.9 10.5 7.51 14.5    
Dividends INR bil                     2.84 2.08 2.02 0.720 2.88    
growth rates                                  
Net Interest Income Growth % ...                   2.20 -3.71 2.33 0.076 15.2    
Net Fee Income Growth % ...                   -100 ... ... ... -100 ... ...
Total Revenue Growth % ...                   -20.1 -3.71 2.33 39.8 -17.5    
Operating Cost Growth % ...                   25.6 2.89 -0.442 13.3 5.04    
Operating Profit Growth % ...                   -49.0 -14.0 7.49 85.4 -41.3    
Pre-Tax Profit Growth % ...                   -10.4 -26.7 -12.6 -29.5 97.7    
Net Profit Growth % ...                   -8.86 -26.1 -11.8 -28.4 93.4    
market share                                  
Market Share in Revenues % ... ... ... ... ... ... ... ... ...   1.92 1.62 1.47 1.85 1.28   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ...   2.72 2.21 1.92 1.83 ... ... ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                  
Cash INR bil                     70.6 77.6 83.0 91.7 55.9    
Interbank Loans INR bil                     25.8 27.4 47.8 28.3 44.6    
Customer Loans INR bil                     1,056 1,222 1,259 1,291 1,277    
Debt Securities INR bil                     419 469 461 530 678    
Fixed Assets INR bil                     17.0 29.4 29.7 35.2 34.5    
Total Assets INR bil                     1,630 1,874 1,930 2,039 2,185    
Shareholders' Equity INR bil                     121 140 150 165 175    
Of Which Minority Interest INR bil                     0.146 0.147 0.163 0.173 0.191    
Liabilities INR bil                     1,508 1,733 1,780 1,874 2,011    
Interbank Borrowing INR bil                     0 0 0 6.90 0    
Customer Deposits INR bil                     1,420 1,623 1,692 1,783 1,825    
Sight Deposits INR bil                     68.5 71.6 84.7 92.8 103    
Term Deposits INR bil                     1,351 1,551 1,607 1,690 1,721    
Issued Debt Securities INR bil                     28.6 49.6 26.5 35.1 126    
Other Liabilities INR bil                     60.2 61.3 61.4 49.8 59.4    
asset quality                                  
Non-Performing Loans INR bil ... ... ... ... ...           35.7 46.0 57.0 88.6 98.9    
Gross Loans INR bil                     1,069 1,241 1,280 1,320 1,320    
Total Provisions INR bil ... ... ... ... ... ... ... ... ...   12.2 18.4 20.8 29.3 42.6    
growth rates                                  
Customer Loan Growth % ...                   651 15.7 2.99 2.53 -1.04    
Total Asset Growth % ...                   15.2 15.0 3.01 5.65 7.14    
Shareholders' Equity Growth % ...                   15.4 15.9 7.17 9.72 5.73    
Customer Deposit Growth % ...                   17.6 14.3 4.28 5.35 2.37    
market share                                  
Market Share in Customer Loans % ... ...                 1.91 1.90 1.77 1.62 1.55   ...
Market Share in Total Assets %                     1.88 1.85 1.73 1.62 1.54   ...
Market Share in Customer Deposits %                     2.26 2.25 2.07 1.95 1.71   ...
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                  
ROE %                     14.2 9.10 7.21 4.76 8.56    
ROA %                     1.06 0.679 0.551 0.379 0.688    
Costs (As % Of Assets) %                     1.81 1.62 1.49 1.61 1.59    
Costs (As % Of Income) %                     60.9 65.1 63.3 51.3 65.3    
Capital Adequacy Ratio % ... ... ... ...             13.3 12.8 13.0 13.4 13.9    
Tier 1 Ratio % ... ... ... ...             11.1 10.4 10.8 12.2 12.4    
Net Interest Margin %                     2.98 2.49 2.35 2.25 2.44    
Interest Spread % ...                   2.48 1.99 1.85 1.74 1.99    
Asset Yield %                     9.13 8.71 8.33 8.19 7.59    
Cost Of Liabilities % ...                   6.65 6.72 6.48 6.46 5.61    
Payout Ratio %                     17.6 17.5 19.2 9.59 19.8    
Interest Income (As % Of Revenues) %                     100 100 100 71.6 100    
Fee Income (As % Of Revenues) %                     0 0 0 4.61 0    
Other Income (As % Of Revenues) %                     0 0 0 23.8 0    
Equity (As % Of Assets) %                     7.43 7.49 7.79 8.09 7.99    
Loans (As % Of Deposits) %                     74.4 75.3 74.4 72.4 70.0    
Loans (As % Assets) %                     64.8 65.2 65.2 63.3 58.4    
NPLs (As % Of Loans) % ... ... ... ... ...           3.34 3.71 4.45 6.71 7.50    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...   34.3 40.0 36.6 33.0 43.0    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ...   1.16 1.51 1.66 2.27 3.33    
Cost of Provisions (As % Of Loans) %                     2.47 1.53 1.61 1.82 2.02    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                  
Employees ... ... ... ...             18,870 19,429 20,294 20,662 20,924    
Sight (As % Of Customer Deposits) %                     4.82 4.41 5.00 5.20 5.67    

Get all company financials in excel:

Download Sample   $19.99

Indian Bank's share price (end of period) fell 6.57% to INR 280 in 2018

By Helgi Analytics - November 2, 2019

Indian Bank stock traded at INR 280 per share at the end of 2018 implying a market capitalization of USD 1,928 mil. Since the end of 2013, the stock has appreciated by 127 % implying an annual average growth of 17.8 %. In absolute terms, the value of the company ...

Indian Bank's net interest margin fell 0.825% to 2.64% in 2018

By Helgi Analytics - November 2, 2019

Indian Bank's net interest margin amounted to 2.64% in 2018, down from 2.66% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.84% in 2009 and an all time low of 2.25% in 2015. The average margin i...

Indian Bank's capital adequacy ratio rose 5.49% to 13.5% in 2018

By Helgi Analytics - November 2, 2019

Indian Bank's capital adequacy ratio reached 13.5% at the end of 2018, up from 12.8% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 14.1% in 2006 and an all time low of 12.8% in 2013. The Tier 1 ratio amounted to...

Indian Bank's customer loan growth fell 30.2% to 15.8% in 2018

By Helgi Analytics - November 2, 2019

Indian Bank's customer loan growth reached 15.8% in 2018, down from 22.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 651% in 2012 and an all time low of -63.0% in 2011. In the last decade, the average ...

Indian Bank's total revenues rose 42.2% to INR 62.6 bil in 2018

By Helgi Analytics - November 2, 2019

Indian Bank generated total banking revenues of INR 62.6 bil in 2017, up 21.7% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year. As...

Indian Bank's customer deposits rose 16.2% to INR 2,083 bil in 2018

By Helgi Analytics - November 2, 2019

Indian Bank's customer deposits reached INR 2,083 bil in 2017, up 14.1% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Indian Bank accounted for 1.89% of...

Indian Bank's customer loans rose 15.8% to INR 1,566 bil in 2018

By Helgi Analytics - November 2, 2019

Indian Bank's customer loans reached INR 1,566 bil in 2017, up 22.6% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Indian Bank accounted for 1.77% of all cu...

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Finance

Indian Bank has been growing its revenues and asset by 15.4% and 8.39% a year on average in the last 5 years. Its loans and deposits have grown by 8.20% and 8.33% a year during that time and loans to deposits ratio reached 74.9% at the end of 2018. The company achieved an average return on equity of 5.95% in the last five years with net profit growing -20.4% a year on average. In terms of operating efficiency, its cost to income ratio reached 45.2% in 2018, compared to 56.8% average in the last five years.

Equity represented 7.04% of total assets or 10.9% of loans at the end of 2018. Indian Bank's non-performing loans were 7.12% of total loans while provisions covered some 49.2% of NPLs at the end of 2018.

Valuation

Indian Bank stock traded at INR 280 per share at the end of 2018 resulting in a market capitalization of USD 1,928 mil. Over the previous five years, stock price rose by 127% or 17.8% a year on average. That’s compared to an average ROE of 5.95% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 35.4x and price to book value (PBV) of 0.682x in 2018.