Indian Overseas Bank

Indian Overseas Bank's npls (as % of loans) fell 13.3% to 22.1% in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank's non-performing loans reached 22.1% of total loans at the end of 2018, down from 25.5% compared to the prev...

Indian Overseas Bank's net profit rose 40.7% to INR -37.4 bil in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank made a net profit of INR -37.4 bil under revenues of INR 93.8 bil in 2018, up 40.7% and 1.87% respectively compa...

Indian Overseas Bank's net interest margin fell 4.00% to 2.12% in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank's net interest margin amounted to 2.12% in 2018, down from 2.21% compared to the previous year. Histo...

Profit Statement 2016 2017 2018
Net Interest Income INR bil 51.9 54.7 52.8
Fee Income (As % Of Revenues) % 11.1 11.1 10.4
Other Income INR bil 24.2 27.2 31.3
Total Revenues INR bil 85.6 92.1 93.8
Operating Profit INR bil 36.5 36.3 49.3
Provisions INR bil 70.7 99.3 87.7
Net Profit INR bil -34.2 -63.0 -37.4
Balance Sheet 2016 2017 2018
Interbank Loans INR bil 117 150 206
Customer Loans INR bil 1,405 1,325 1,326
Debt Securities INR bil 713 685 667
Total Assets INR bil 2,472 2,480 2,500
Shareholders' Equity INR bil 137 133 164
Interbank Borrowing INR bil 6.24 6.03 5.48
Customer Deposits INR bil 2,113 2,168 2,225
Issued Debt Securities INR bil 161 92.3 61.5
Ratios 2016 2017 2018
ROE % -23.2 -46.6 -25.2
ROA % -1.31 -2.54 -1.50
Costs (As % Of Assets) % 1.88 2.26 1.79
Costs (As % Of Income) % 57.4 60.6 47.4
Capital Adequacy Ratio % 10.5 9.25 10.2
Net Interest Margin % 1.99 2.21 2.12
Loans (As % Of Deposits) % 66.5 61.1 59.6
NPLs (As % Of Loans) % 22.7 25.5 22.1
Provisions (As % Of NPLs) % 40.3 45.4 55.8
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 963 1,339 1,893
Share Price (End Of Period) INR 30.2 31.5 24.1
Price/Earnings (P/E) ... ... ...
Price/Book Value (P/BV) 0.476 0.643 0.807
Dividend Yield % 0 0 0
Earnings Per Share (EPS) INR -15.8 -23.3 -6.83
Book Value Per Share INR 63.5 49.0 29.9
Dividend Per Share INR 0 0 0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Net Interest Income INR bil                         52.5 55.8 53.8 53.8 51.9    
Total Revenues INR bil                         72.2 77.4 75.2 79.1 85.6    
Operating Profit INR bil                         32.1 40.0 33.2 28.9 36.5    
Net Profit INR bil                         5.67 6.02 -4.54 -29.0 -34.2    
balance sheet                                      
Interbank Loans INR bil                         54.2 72.7 123 82.1 117    
Customer Loans INR bil                         1,604 1,759 1,718 1,609 1,405    
Debt Securities INR bil                         614 702 813 792 713    
Total Assets INR bil                         2,447 2,749 2,856 2,744 2,472    
Shareholders' Equity INR bil                         135 162 156 157 137    
Interbank Borrowing INR bil                         19.9 115 101 96.9 6.24    
Customer Deposits INR bil                         2,021 2,280 2,460 2,245 2,113    
Issued Debt Securities INR bil                         219 130 81.5 175 161    
ratios                                      
ROE %                         4.47 4.06 -2.86 -18.5 -23.2    
ROA %                         0.244 0.232 -0.162 -1.03 -1.31    
Costs (As % Of Assets) %                         1.73 1.44 1.50 1.79 1.88    
Costs (As % Of Income) %                         55.6 48.4 55.8 63.5 57.4    
Capital Adequacy Ratio %                         11.9 10.8 10.1 9.66 10.5    
Net Interest Margin %                         2.26 2.15 1.92 1.92 1.99    
Interest Income (As % Of Revenues) %                         72.7 72.0 71.6 68.0 60.6    
Fee Income (As % Of Revenues) %                         12.4 12.0 13.3 0 11.1    
Equity (As % Of Assets) %                         5.50 5.88 5.48 5.71 5.56    
Loans (As % Of Deposits) %                         79.3 77.2 69.8 71.6 66.5    
Loans (As % Assets) %                         65.5 64.0 60.1 58.6 56.8    
NPLs (As % Of Loans) %                         4.06 5.03 8.44 17.6 22.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...   37.3 37.3 34.2 32.4 40.3    
valuation                                      
Market Capitalisation (End Of Period) USD mil                         1,097 1,016 830 637 963    
Number Of Shares (Average) mil                         802 994 1,235 1,459 2,165    
Share Price (End Of Period) INR                         75.0 63.2 42.4 29.0 30.2    
Earnings Per Share (EPS) INR                         7.07 6.05 -3.68 -19.9 -15.8    
Book Value Per Share INR                         168 163 127 107 63.5    
Dividend Per Share INR                         2.30 1.49 0 0 0    
Price/Earnings (P/E)                         10.6 10.4 ... ... ... ... ...
Price/Book Value (P/BV)                         0.447 0.388 0.334 0.270 0.476    
Dividend Yield %                         3.07 2.36 0 0 0    
Earnings Per Share Growth % ...                       -58.2 -14.5 -161 440 -20.5    
Book Value Per Share Growth % ...                       -12.7 -3.11 -22.1 -15.2 -40.9    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Interest Income INR bil                         207 227 239 235 197    
Interest Cost INR bil                         154 171 186 181 145    
Net Interest Income INR bil                         52.5 55.8 53.8 53.8 51.9    
Net Fee Income INR bil                         8.95 9.29 10.0 0 9.50    
Other Income INR bil                         10.8 12.4 11.4 25.3 24.2    
Total Revenues INR bil                         72.2 77.4 75.2 79.1 85.6    
Operating Cost INR bil                         40.2 37.5 42.0 50.3 49.1    
Operating Profit INR bil                         32.1 40.0 33.2 28.9 36.5    
Provisions INR bil                         24.6 34.0 37.8 57.8 70.7    
Extra and Other Cost INR bil                         < 0.001 -0.019 -0.011 0 -0.012    
Pre-Tax Profit INR bil                         7.47 6.02 -4.54 -29.0 -34.2    
Tax INR bil             ...           1.80 0 0 0 0    
Minorities INR bil                         0 0 0 0 0    
Net Profit INR bil                         5.67 6.02 -4.54 -29.0 -34.2    
Dividends INR bil                         1.85 1.48 0 0 0    
growth rates                                      
Net Interest Income Growth % ...                       4.70 6.19 -3.46 -0.023 -3.59    
Net Fee Income Growth % ...                       11.9 3.77 7.84 -100 ...    
Total Revenue Growth % ...                       7.85 7.21 -2.88 5.18 8.22    
Operating Cost Growth % ...                       27.0 -6.69 12.0 19.6 -2.26    
Operating Profit Growth % ...                       -9.30 24.6 -16.9 -13.1 26.5    
Pre-Tax Profit Growth % ...                       -28.8 -19.5 -176 538 17.9    
Net Profit Growth % ...                       -46.0 6.08 -176 538 17.9    
market share                                      
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...   3.06 2.87 2.48 2.35 2.13   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...   0.958 1.12 ... ... ... ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                      
Cash INR bil                         98.4 117 126 140 115    
Interbank Loans INR bil                         54.2 72.7 123 82.1 117    
Customer Loans INR bil                         1,604 1,759 1,718 1,609 1,405    
Debt Securities INR bil                         614 702 813 792 713    
Fixed Assets INR bil                         18.5 26.0 25.1 32.7 30.5    
Total Assets INR bil                         2,447 2,749 2,856 2,744 2,472    
Shareholders' Equity INR bil                         135 162 156 157 137    
Of Which Minority Interest INR bil                         0 0 0 0 0    
Liabilities INR bil                         2,312 2,587 2,700 2,588 2,334    
Interbank Borrowing INR bil                         19.9 115 101 96.9 6.24    
Customer Deposits INR bil                         2,021 2,280 2,460 2,245 2,113    
Sight Deposits INR bil                         132 140 146 121 130    
Term Deposits INR bil                         1,889 2,140 2,314 2,124 1,983    
Issued Debt Securities INR bil                         219 130 81.5 175 161    
Other Liabilities INR bil                         51.5 63.0 57.1 70.7 53.6    
asset quality                                      
Non-Performing Loans INR bil                         66.1 90.2 149 300 351    
Gross Loans INR bil                         1,628 1,793 1,769 1,706 1,546    
Total Provisions INR bil ... ... ... ... ... ... ... ... ... ... ...   24.6 33.6 51.1 97.4 142    
growth rates                                      
Customer Loan Growth % ...                       14.0 9.68 -2.35 -6.34 -12.7    
Total Asset Growth % ...                       11.4 12.4 3.90 -3.92 -9.94    
Shareholders' Equity Growth % ...                       12.8 20.2 -3.27 0.159 -12.3    
Customer Deposit Growth % ...                       13.3 12.8 7.93 -8.75 -5.87    
market share                                      
Market Share in Customer Loans % ... ... ... ...                 2.90 2.74 2.42 2.02 1.70   ...
Market Share in Total Assets %                         2.82 2.72 2.56 2.18 1.74   ...
Market Share in Customer Deposits %                         3.21 3.17 3.01 2.46 1.99   ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE %                         4.47 4.06 -2.86 -18.5 -23.2    
ROA %                         0.244 0.232 -0.162 -1.03 -1.31    
Costs (As % Of Assets) %                         1.73 1.44 1.50 1.79 1.88    
Costs (As % Of Income) %                         55.6 48.4 55.8 63.5 57.4    
Capital Adequacy Ratio %                         11.9 10.8 10.1 9.66 10.5    
Tier 1 Ratio %                         7.80 7.47 7.30 7.75 8.21    
Net Interest Margin %                         2.26 2.15 1.92 1.92 1.99    
Interest Spread % ...                       1.88 1.75 1.52 1.54 1.66    
Asset Yield %                         8.91 8.73 8.54 8.40 7.56    
Cost Of Liabilities % ...                       7.03 6.98 7.02 6.86 5.90    
Payout Ratio %                         32.6 24.6 0 0 0    
Interest Income (As % Of Revenues) %                         72.7 72.0 71.6 68.0 60.6    
Fee Income (As % Of Revenues) %                         12.4 12.0 13.3 0 11.1    
Other Income (As % Of Revenues) %                         14.9 16.0 15.1 32.0 28.3    
Equity (As % Of Assets) %                         5.50 5.88 5.48 5.71 5.56    
Loans (As % Of Deposits) %                         79.3 77.2 69.8 71.6 66.5    
Loans (As % Assets) %                         65.5 64.0 60.1 58.6 56.8    
NPLs (As % Of Loans) %                         4.06 5.03 8.44 17.6 22.7    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...   37.3 37.3 34.2 32.4 40.3    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...   1.54 1.91 2.97 6.06 10.1    
Cost of Provisions (As % Of Loans) %                         1.63 2.02 2.17 3.48 4.69    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                      
Employees                         28,280 29,716 31,947 31,846 29,806    
Sight (As % Of Customer Deposits) %                         6.53 6.15 5.95 5.38 6.17    

Get all company financials in excel:

Download Sample   $19.99

Indian Overseas Bank's net interest income fell 3.45% to INR 52.8 bil in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank generated total banking revenues of INR 93.8 bil in 2018, up 1.87% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 93.8 bil in 2018 a...

Indian Overseas Bank's capital adequacy ratio rose 10.4% to 10.2% in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank's capital adequacy ratio reached 10.2% at the end of 2018, up from 9.25% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 26.7% in 2006 and an all time low of 9.25% in 2017. The Tier 1 ratio am...

Indian Overseas Bank's customer loan growth rose 101% to 0.082% in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank's customer loan growth reached 0.082% in 2018, up from -5.67% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 41.6% in 2010 and an all time low of -12.7% in 2016. In the last decade, th...

Indian Overseas Bank's customer deposits rose 2.63% to INR 2,168 bil in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank's customer deposits reached INR 2,168 bil in 2017, up 2.60% 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 Overseas Bank acco...

Indian Overseas Bank's total revenues rose 1.87% to INR 92.1 bil in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank generated total banking revenues of INR 92.1 bil in 2017, up 7.61% 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....

Indian Overseas Bank's customer loans rose 0.082% to INR 1,325 bil in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank's customer loans reached INR 1,325 bil in 2017, down 5.67% 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 Overseas Bank accounted...

Indian Overseas Bank's price/earnings (P/E) fell 1.49% to 10.4 in 2013

By Helgi Analytics - November 05, 2019

Indian Overseas Bank stock traded at INR 63.2 per share at the end 2013 implying a market capitalization of USD 1,016 mil. Since the end of 2008, the stock has appreciated by 38.5 % implying an annual average growth of 6.73 %. In absolute terms, the value of the compa...

Indian Overseas Bank's share price (end of period) fell 23.4% to INR 63.2 in 2018

By Helgi Analytics - November 05, 2019

Indian Overseas Bank stock traded at INR 63.2 per share at the end of 2013 implying a market capitalization of USD 1,016 mil. Since the end of 2008, the stock has appreciated by 38.5 % implying an annual average growth of 6.73 %. In absolute terms, the value of the co...

More News

Indian Overseas Bank Logo

Finance

Indian Overseas Bank has been growing its revenues and asset by 3.92% and -1.88% a year on average in the last 5 years. Its loans and deposits have grown by -5.49% and -0.482% a year during that time and loans to deposits ratio reached 59.6% at the end of 2018. The company achieved an average return on equity of -23.3% in the last five years with net profit growing nan% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.4% in 2018, compared to 57.0% average in the last five years.

Equity represented 6.54% of total assets or 12.3% of loans at the end of 2018. Indian Overseas Bank's non-performing loans were 22.1% of total loans while provisions covered some 55.8% of NPLs at the end of 2018.

Valuation

Indian Overseas Bank stock traded at INR 24.1 per share at the end of 2018 resulting in a market capitalization of USD 1,893 mil. Over the previous five years, stock price fell by 61.8% or 17.5% a year on average. That’s compared to an average ROE of -23.3% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 0.807x in 2018.