By Helgi Analytics - November 3, 2019
IndusInd Bank's non-performing loans reached 2.10% of total loans at the end of 2018, up from 1.17% compared to the previous year...
By Helgi Analytics - November 3, 2019
IndusInd Bank made a net profit of INR 33.0 bil under revenues of INR 143 bil in 2018, up -8.47% and 17.0% respectively compared to t...
By Helgi Analytics - November 3, 2019
IndusInd Bank stock traded at INR 1,770 per share at the end 2018 implying a market capitalization of USD 15,371 mil. Since the end of ...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR bil | 60.6 | 75.0 | 88.5 |
| Net Fee Income | INR bil | 29.0 | 34.1 | 40.7 |
| Other Income | INR bil | 12.7 | 13.3 | 14.0 |
| Total Revenues | INR bil | 102 | 122 | 143 |
| Operating Profit | INR bil | 54.5 | 66.5 | 79.2 |
| Provisions | INR bil | 25.8 | 30.5 | 29.3 |
| Net Profit | INR bil | 28.7 | 36.1 | 33.0 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR bil | 109 | 22.5 | 48.2 |
| Customer Loans | INR bil | 1,131 | 1,450 | 1,864 |
| Total Assets | INR bil | 1,787 | 2,216 | 2,778 |
| Shareholders' Equity | INR bil | 206 | 238 | 267 |
| Interbank Borrowing | INR bil | 6.00 | 6.68 | 5.74 |
| Customer Deposits | INR bil | 1,266 | 1,516 | 1,949 |
| Issued Debt Securities | INR bil | 225 | 383 | 473 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 15.0 | 16.2 | 13.1 |
| ROA | % | 1.78 | 1.80 | 1.32 |
| Costs (As % Of Assets) | % | 2.98 | 2.79 | 2.56 |
| Costs (As % Of Income) | % | 46.8 | 45.7 | 44.7 |
| Capital Adequacy Ratio | % | ... | 15.0 | 14.2 |
| Net Interest Margin | % | 3.77 | 3.75 | 3.54 |
| Loans (As % Of Deposits) | % | 89.3 | 95.6 | 95.7 |
| NPLs (As % Of Loans) | % | 1.00 | 1.17 | 2.10 |
| Provisions (As % Of NPLs) | % | 54.2 | 56.3 | 43.0 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 29.7 | 29.9 | 32.5 | |
| Price/Book Value (P/BV) | 4.13 | 4.52 | 4.02 | |
| Dividend Yield | % | 0.421 | 0.417 | 0.421 |
| Earnings Per Share (EPS) | INR | 47.6 | 59.6 | 54.4 |
| Book Value Per Share | INR | 342 | 394 | 440 |
| Dividend Per Share | INR | 5.95 | 7.44 | 7.46 |
Get all company financials in excel:
| summary | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||
| Net Interest Income | INR bil | 22.4 | 28.9 | 34.2 | 45.2 | 60.6 | ||
| Total Revenues | INR bil | 35.9 | 46.9 | 58.9 | 78.1 | 102 | ||
| Operating Profit | INR bil | 18.3 | 25.1 | 31.7 | 41.3 | 54.5 | ||
| Net Profit | INR bil | 10.6 | 14.1 | 17.9 | 22.9 | 28.7 | ||
| balance sheet | ||||||||
| Interbank Loans | INR bil | 36.0 | 23.6 | 67.4 | 55.9 | 109 | ||
| Customer Loans | INR bil | 443 | 551 | 688 | 884 | 1,131 | ||
| Debt Securities | INR bil | 197 | 216 | 249 | 341 | 367 | ||
| Total Assets | INR bil | 733 | 870 | 1,091 | 1,429 | 1,787 | ||
| Shareholders' Equity | INR bil | 76.3 | 90.4 | 106 | 177 | 206 | ||
| Interbank Borrowing | INR bil | 63.9 | 94.9 | 128 | 33.6 | 6.00 | ||
| Customer Deposits | INR bil | 541 | 605 | 741 | 930 | 1,266 | ||
| Issued Debt Securities | INR bil | 34.2 | 55.8 | 81.7 | 222 | 225 | ||
| ratios | ||||||||
| ROE | % | 13.9 | 16.9 | 18.2 | 16.1 | 15.0 | ||
| ROA | % | 1.45 | 1.76 | 1.83 | 1.81 | 1.78 | ||
| Costs (As % Of Assets) | % | 2.40 | 2.73 | 2.78 | 2.91 | 2.98 | ||
| Costs (As % Of Income) | % | 48.9 | 46.6 | 46.3 | 47.0 | 46.8 | ||
| Capital Adequacy Ratio | % | 15.4 | 13.8 | ... | ... | ... | ||
| Net Interest Margin | % | 3.05 | 3.61 | 3.49 | 3.59 | 3.77 | ||
| Interest Income (As % Of Revenues) | % | 62.3 | 61.7 | 58.1 | 57.9 | 59.3 | ||
| Fee Income (As % Of Revenues) | % | 26.4 | 24.9 | 26.3 | 28.6 | 28.3 | ||
| Equity (As % Of Assets) | % | 10.4 | 10.4 | 9.76 | 12.4 | 11.6 | ||
| Loans (As % Of Deposits) | % | 81.9 | 91.1 | 92.8 | 95.1 | 89.3 | ||
| Loans (As % Assets) | % | 60.5 | 63.3 | 63.0 | 61.9 | 63.3 | ||
| NPLs (As % Of Loans) | % | 1.03 | 1.12 | 0.814 | 1.00 | 1.00 | ||
| Provisions (As % Of NPLs) | % | 70.1 | 70.4 | 62.6 | 54.5 | 54.2 | ||
| valuation | ||||||||
| Market Capitalisation (End Of Period) | USD mil | 3,864 | 4,270 | 7,441 | 8,680 | 12,544 | ||
| Number Of Shares (Average) | mil | 496 | 533 | 537 | 582 | 603 | ||
| Share Price (End Of Period) | INR | 427 | 495 | 874 | 988 | 1,414 | ||
| Earnings Per Share (EPS) | INR | 21.4 | 26.4 | 33.4 | 39.3 | 47.6 | ||
| Book Value Per Share | INR | 154 | 170 | 198 | 304 | 342 | ||
| Dividend Per Share | INR | 3.17 | 3.45 | 3.95 | 4.60 | 5.95 | ||
| Price/Earnings (P/E) | 19.9 | 18.7 | 26.2 | 25.2 | 29.7 | |||
| Price/Book Value (P/BV) | 2.77 | 2.92 | 4.41 | 3.25 | 4.13 | |||
| Dividend Yield | % | 0.742 | 0.698 | 0.452 | 0.465 | 0.421 | ||
| Earnings Per Share Growth | % | ... | 23.4 | 26.5 | 17.5 | 21.2 | ||
| Book Value Per Share Growth | % | ... | 10.2 | 16.9 | 53.3 | 12.7 |
| income statement | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||
| Interest Income | INR bil | 69.9 | 82.6 | 97.0 | 119 | 144 | ||
| Interest Cost | INR bil | 47.5 | 53.6 | 62.7 | 73.6 | 83.4 | ||
| Net Interest Income | INR bil | 22.4 | 28.9 | 34.2 | 45.2 | 60.6 | ||
| Net Fee Income | INR bil | 9.47 | 11.7 | 15.5 | 22.3 | 29.0 | ||
| Other Income | INR bil | 4.06 | 6.29 | 9.20 | 10.6 | 12.7 | ||
| Total Revenues | INR bil | 35.9 | 46.9 | 58.9 | 78.1 | 102 | ||
| Operating Cost | INR bil | 17.6 | 21.9 | 27.3 | 36.7 | 47.8 | ||
| Operating Profit | INR bil | 18.3 | 25.1 | 31.7 | 41.3 | 54.5 | ||
| Provisions | INR bil | 2.62 | 3.80 | 4.55 | 18.5 | 25.8 | ||
| Extra and Other Cost | INR bil | -0.054 | -0.002 | 0.019 | -0.070 | -0.031 | ||
| Pre-Tax Profit | INR bil | 15.8 | 21.3 | 27.1 | 22.9 | 28.7 | ||
| Tax | INR bil | 5.15 | 7.20 | 9.15 | 0 | 0 | ||
| Minorities | INR bil | 0 | 0 | 0 | 0 | 0 | ||
| Net Profit | INR bil | 10.6 | 14.1 | 17.9 | 22.9 | 28.7 | ||
| Dividends | INR bil | 1.57 | 1.84 | 2.12 | 2.68 | 3.59 | ||
| growth rates | ||||||||
| Net Interest Income Growth | % | ... | 29.4 | 18.3 | 32.0 | 34.1 | ||
| Net Fee Income Growth | % | ... | 23.6 | 32.3 | 44.1 | 29.8 | ||
| Total Revenue Growth | % | ... | 30.8 | 25.5 | 32.5 | 31.1 | ||
| Operating Cost Growth | % | ... | 24.4 | 24.7 | 34.7 | 30.3 | ||
| Operating Profit Growth | % | ... | 36.9 | 26.2 | 30.6 | 31.8 | ||
| Pre-Tax Profit Growth | % | ... | 35.0 | 27.3 | -15.6 | 25.4 | ||
| Net Profit Growth | % | ... | 32.7 | 27.4 | 27.5 | 25.4 | ||
| market share | ||||||||
| Market Share in Revenues | % | 1.52 | 1.74 | 1.94 | 2.32 | 2.54 | ... | |
| Market Share in Net Profit | % | 1.79 | 2.61 | 3.29 | 5.56 | ... | ... | ... |
| balance sheet | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||
| Cash | INR bil | 32.5 | 44.1 | 40.4 | 45.2 | 77.5 | ||
| Interbank Loans | INR bil | 36.0 | 23.6 | 67.4 | 55.9 | 109 | ||
| Customer Loans | INR bil | 443 | 551 | 688 | 884 | 1,131 | ||
| Debt Securities | INR bil | 197 | 216 | 249 | 341 | 367 | ||
| Fixed Assets | INR bil | 7.56 | 10.2 | 11.6 | 12.6 | 13.4 | ||
| Total Assets | INR bil | 733 | 870 | 1,091 | 1,429 | 1,787 | ||
| Shareholders' Equity | INR bil | 76.3 | 90.4 | 106 | 177 | 206 | ||
| Of Which Minority Interest | INR bil | 0 | 0 | 0 | 0 | 0 | ||
| Liabilities | INR bil | 657 | 780 | 985 | 1,252 | 1,580 | ||
| Interbank Borrowing | INR bil | 63.9 | 94.9 | 128 | 33.6 | 6.00 | ||
| Customer Deposits | INR bil | 541 | 605 | 741 | 930 | 1,266 | ||
| Sight Deposits | INR bil | 88.3 | 97.8 | 124 | 155 | 196 | ||
| Term Deposits | INR bil | 453 | 507 | 618 | 775 | 1,070 | ||
| Issued Debt Securities | INR bil | 34.2 | 55.8 | 81.7 | 222 | 225 | ||
| Other Liabilities | INR bil | 17.5 | 24.1 | 33.6 | 66.8 | 83.8 | ||
| asset quality | ||||||||
| Non-Performing Loans | INR bil | 4.58 | 6.21 | 5.63 | 8.89 | 11.4 | ||
| Gross Loans | INR bil | 446 | 555 | 691 | 889 | 1,137 | ||
| Total Provisions | INR bil | 3.21 | 4.37 | 3.52 | 4.84 | 6.16 | ||
| growth rates | ||||||||
| Customer Loan Growth | % | ... | 24.3 | 24.8 | 28.5 | 27.9 | ||
| Total Asset Growth | % | ... | 18.7 | 25.4 | 31.0 | 25.0 | ||
| Shareholders' Equity Growth | % | ... | 18.5 | 17.7 | 66.3 | 16.7 | ||
| Customer Deposit Growth | % | ... | 11.8 | 22.5 | 25.4 | 36.1 | ||
| market share | ||||||||
| Market Share in Customer Loans | % | 0.802 | 0.857 | 0.969 | 1.11 | 1.37 | ... | |
| Market Share in Total Assets | % | 0.844 | 0.860 | 0.980 | 1.13 | 1.26 | ... | |
| Market Share in Customer Deposits | % | 0.860 | 0.841 | 0.908 | 1.02 | 1.19 | ... |
| ratios | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | ||||||||
| ROE | % | 13.9 | 16.9 | 18.2 | 16.1 | 15.0 | ||
| ROA | % | 1.45 | 1.76 | 1.83 | 1.81 | 1.78 | ||
| Costs (As % Of Assets) | % | 2.40 | 2.73 | 2.78 | 2.91 | 2.98 | ||
| Costs (As % Of Income) | % | 48.9 | 46.6 | 46.3 | 47.0 | 46.8 | ||
| Capital Adequacy Ratio | % | 15.4 | 13.8 | ... | ... | ... | ||
| Tier 1 Ratio | % | 13.8 | 12.7 | ... | ... | ... | ||
| Net Interest Margin | % | 3.05 | 3.61 | 3.49 | 3.59 | 3.77 | ||
| Interest Spread | % | ... | 2.83 | 2.78 | 2.85 | 3.07 | ||
| Asset Yield | % | 9.53 | 10.3 | 9.89 | 9.42 | 8.96 | ||
| Cost Of Liabilities | % | ... | 7.47 | 7.11 | 6.58 | 5.89 | ||
| Payout Ratio | % | 14.8 | 13.1 | 11.8 | 11.7 | 12.5 | ||
| Interest Income (As % Of Revenues) | % | 62.3 | 61.7 | 58.1 | 57.9 | 59.3 | ||
| Fee Income (As % Of Revenues) | % | 26.4 | 24.9 | 26.3 | 28.6 | 28.3 | ||
| Other Income (As % Of Revenues) | % | 11.3 | 13.4 | 15.6 | 13.5 | 12.4 | ||
| Equity (As % Of Assets) | % | 10.4 | 10.4 | 9.76 | 12.4 | 11.6 | ||
| Loans (As % Of Deposits) | % | 81.9 | 91.1 | 92.8 | 95.1 | 89.3 | ||
| Loans (As % Assets) | % | 60.5 | 63.3 | 63.0 | 61.9 | 63.3 | ||
| NPLs (As % Of Loans) | % | 1.03 | 1.12 | 0.814 | 1.00 | 1.00 | ||
| Provisions (As % Of NPLs) | % | 70.1 | 70.4 | 62.6 | 54.5 | 54.2 | ||
| Provisions (As % Of Loans) | % | 0.724 | 0.793 | 0.512 | 0.548 | 0.545 | ||
| Cost of Provisions (As % Of Loans) | % | 0.591 | 0.765 | 0.735 | 2.36 | 2.56 |
| other data | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||
| Employees | 11,502 | 15,590 | 19,121 | 21,000 | 23,000 | |||
| Sight (As % Of Customer Deposits) | % | 16.3 | 16.2 | 16.7 | 16.6 | 15.5 |
Get all company financials in excel:
By Helgi Analytics - November 3, 2019
IndusInd Bank generated total banking revenues of INR 143 bil in 2018, up 17% 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 143 bil in 2018 and an all t...
By Helgi Analytics - November 3, 2019
IndusInd Bank stock traded at INR 1,770 per share at the end of 2018 implying a market capitalization of USD 15,371 mil. Since the end of 2013, the stock has appreciated by 258 % implying an annual average growth of 29.0 %. In absolute terms, the value of the company ...
By Helgi Analytics - November 3, 2019
IndusInd Bank's net interest margin amounted to 3.54% in 2018, down from 3.75% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.77% in 2016 and an all time low of 3.49% in 2014. The average margin...
By Helgi Analytics - November 3, 2019
IndusInd Bank's customer loan growth reached 28.6% in 2018, up from 28.2% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 28.6% in 2018 and an all time low of 24.3% in 2013. In the last decade, the average ...
By Helgi Analytics - November 3, 2019
IndusInd Bank generated total banking revenues of INR 122 bil in 2017, up 19.6% 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. A...
By Helgi Analytics - November 3, 2019
IndusInd Bank's customer deposits reached INR 1,516 bil in 2017, up 19.8% 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. IndusInd Bank accounted for 1.37...
By Helgi Analytics - November 3, 2019
IndusInd Bank's customer loans reached INR 1,450 bil in 2017, up 28.2% 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. IndusInd Bank accounted for 1.64% of al...
IndusInd Bank has been growing its revenues and asset by 25.0% and 26.1% a year on average in the last 5 years. Its loans and deposits have grown by 27.6% and 26.4% a year during that time and loans to deposits ratio reached 95.7% at the end of 2018. The company achieved an average return on equity of 15.7% in the last five years with net profit growing 18.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 44.7% in 2018, compared to 46.1% average in the last five years.
Equity represented 9.61% of total assets or -1,597% of loans at the end of 2018. IndusInd Bank's non-performing loans were 2.10% of total loans while provisions covered some 43.0% of NPLs at the end of 2018.
IndusInd Bank stock traded at INR 1,770 per share at the end of 2018 resulting in a market capitalization of USD 15,371 mil. Over the previous five years, stock price rose by 258% or 29% a year on average. That’s compared to an average ROE of 15.7% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 32.5x and price to book value (PBV) of 4.02x in 2018.
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