Axis Bank
- P/E
- 12.79
Key Fundamentals
LargecapBanksFinancial ServicesPrice-based figures as of · EPS basis: Consolidated · TTM
- EPS (TTM)
- ₹96.32
- Book Value
- ₹737.51
- Market Cap
- —
- P/E (TTM)
- 12.79
- P/B
- 1.67
- ROE
- 13.10%
- Dividend Yield
- 0.08%
- 52W High
- ₹1,418.30
- 52W Low
- ₹1,150.30
- Day Range
- ₹1,220.30 – ₹1,239.90
- Volume
- 41,53,692
- ROCE
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- Debt to Equity
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- EBITDA
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Peer Comparison
Financial Services › Banks › Private Sector Bank
| ₹736.70 | 14.16 | ₹11,37,598 Cr | 1.88 | 2.48% | 13.60% | — | ₹3,59,956 Cr | ₹83,685 Cr | |
| ₹1,424.10 | 17.28 | ₹10,25,874 Cr | 2.67 | 0.84% | 15.90% | — | ₹2,06,190 Cr | ₹62,827 Cr | |
| ₹459.40 | 21.29 | ₹4,58,686 Cr | 2.35 | 0.14% | 11.40% | — | ₹73,545 Cr | ₹21,472 Cr | |
| ₹1,232.00 | 12.79 | ₹3,83,779 Cr | 1.67 | 0.08% | 13.10% | — | ₹1,41,510 Cr | ₹30,038 Cr | |
| ₹79.29 | 10.26 | ₹83,815 Cr | 1.32 | 2.70% | 14.10% | — | ₹30,953 Cr | ₹8,329 Cr | |
| ₹335.20 | 15.94 | ₹81,875 Cr | 2.01 | 0.36% | 11.60% | — | ₹31,552 Cr | ₹5,387 Cr | |
| ₹865.15 | 50.98 | ₹66,694 Cr | 1.00 | 0.18% | 1.36% | — | ₹45,297 Cr | ₹1,322 Cr | |
| Median 7 companies | ₹736.70 | 15.94 | ₹3,83,779 Cr | 1.88 | 0.36% | 13.10% | — | ₹73,545 Cr | ₹21,472 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 39
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 30
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 65
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 87
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 35
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 49
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has delivered good profit growth of 29.6% CAGR over last 5 years
- Company's working capital requirements have reduced from 49.4 days to 24.6 days
Weaknesses
5- Company has low interest coverage ratio.
- Promoter holding is low: 7.86%
- Contingent liabilities of Rs.31,22,124 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.29,419 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 9 | 7 | 3 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 7 | 0 | 3 |
Oscillators
Bearish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 49.83
- Neutral
- MACD (12,26,9)
- −5.63
- Bearish
- SMA (50)
- 1,240.58
- Bearish
- SMA (200)
- 1,282.55
- Bearish
As of
Analyst Rating
38 of 41 analysts rate Buy, 3 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.
Revenue
| 10Y | +12.34% |
|---|---|
| 5Y | +15.53% |
| 3Y | +14.87% |
| 1Y | +4.05% |
| TTM | +9.47% |
Net profit
| 10Y | +12.25% |
|---|---|
| 5Y | +29.63% |
| 3Y | +34.47% |
| 1Y | −5.83% |
| TTM | +14.94% |
Operating cash flow
Not meaningful
A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.
Revenue by year
| Mar 2017 | ₹45,175 Cr |
|---|---|
| Mar 2018 | ₹46,614 Cr |
| Mar 2019 | ₹56,044 Cr |
| Mar 2020 | ₹63,716 Cr |
| Mar 2021 | ₹64,397 Cr |
| Mar 2022 | ₹68,846 Cr |
| Mar 2023 | ₹87,448 Cr |
| Mar 2024 | ₹1,12,759 Cr |
| Mar 2025 | ₹1,27,374 Cr |
| Mar 2026 | ₹1,32,538 Cr |
Net profit by year
| Mar 2017 | ₹3,967 Cr |
|---|---|
| Mar 2018 | ₹464 Cr |
| Mar 2019 | ₹5,047 Cr |
| Mar 2020 | ₹1,879 Cr |
| Mar 2021 | ₹7,252 Cr |
| Mar 2022 | ₹14,207 Cr |
| Mar 2023 | ₹10,919 Cr |
| Mar 2024 | ₹26,492 Cr |
| Mar 2025 | ₹28,191 Cr |
| Mar 2026 | ₹26,548 Cr |
Analyst Forecasts
AI News Digest
TL;DR: Axis Bank delivered strong Q2FY27 results with 37.6% YoY profit growth, improving asset quality (GNPA at 1.16%), and robust loan growth of 23% YoY, earning Buy ratings from five brokerages with targets up to ₹1,620. Key risks include NIM compression from FCNR deposits, a sharp rise in G-Sec yields threatening treasury portfolios, and the CEO's own warning on tighter liquidity and slowing credit growth in H2. The bank's digital franchise remains a structural strength at 38% UPI market share, but near-term headwinds from rising rates and funding costs could pressure margins before the expected ROA improvement to 1.4-1.5% over FY27-29E materializes.
- Stock drops 5.63% on liquidity fears Oct 26
Axis Bank shares fell 5.63% to ₹1,214.05 in the week of Oct 19-23, underperforming the Sensex's 3.75% decline. CEO Amitabh Chaudhry warned that tighter liquidity, rising deposit costs, and higher interest rates are pressuring the banking sector.
- G-Sec yields surge, treasury losses Oct 28
10-year benchmark bond yield hit 7.44% after a 30 bps surge in October, approaching 8% levels not seen since 2018. Rising yields are causing mark-to-market losses on banks' treasury portfolios, with some private banks exiting trading books entirely.
- NIM compression from FCNR deposits Oct 19
Net Interest Margin declined 10 bps QoQ in Q2FY27 due to FCNR(B) deposit impact, while PPOP of ₹110.8 billion missed estimates by 6% on lower other income and elevated operating expenses.
- Q2FY27 profit up 37.6% YoY Oct 17
Axis Bank reported net profit of ₹7,003 crore for Q2FY27, up 37.6% YoY. Loans grew 23% YoY to ₹13.7 trillion, deposits grew 21% YoY to ₹14.5 trillion, and provisions fell 52% YoY.
- Asset quality improves significantly Oct 19
GNPA declined 12 bps QoQ to 1.16% and NNPA fell 4 bps QoQ to 0.37%. Fresh slippages dropped 14% QoQ to ₹47.62 billion, with provision coverage ratio rising to 69.9%.
- Freecharge gets RBI aggregator nod Oct 17
Freecharge received in-principle RBI approval to operate as a payment aggregator under online and physical categories. Axis Bank holds ~38% UPI market share by volume and 25.7% share in terminal acquiring.
- ED re-appointment approved by RBI Nov 4
RBI approved Munish Sharda's re-appointment as Executive Director for a term from Feb 27, 2027 to Feb 26, 2030. Shareholder approval remains pending.
- New Commercial Banking head hired Oct 17
Rahul Shukla appointed Group Head of Commercial and Bharat Banking effective Oct 19, 2026, joining from HDFC Bank with 30+ years of experience across wholesale, corporate, and rural banking.
- Ex-SEBI member joins board Oct 16
Ananth Narayan G., former SEBI whole-time member, appointed as additional independent director for four years effective Oct 19, 2026.
Quarterly Results
₹ Cr| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27,418 | 28,865 | 30,231 | 31,159 | 31,601 | 32,162 | 32,452 | 32,348 | 32,310 | 33,709 | 34,171 | 35,542 | 38,087 |
| Expenses | 10,059 | 10,506 | 11,124 | 11,892 | 12,412 | 11,913 | 11,943 | 13,983 | 14,302 | 12,743 | 14,816 | 12,837 | 13,390 |
| Financing Profit | 2,609 | 2,416 | 2,379 | 2,006 | 1,575 | 2,210 | 2,389 | 127 | 36 | 2,181 | 275 | 2,490 | 2,765 |
| Fin. Margin % | 10% | 8% | 8% | 6% | 5% | 7% | 7% | 0% | 0% | 6% | 1% | 7% | 7% |
| Other Income | 5,705 | 6,272 | 7,606 | 6,637 | 7,603 | 6,797 | 7,506 | 8,053 | 7,460 | 7,189 | 6,972 | 7,671 | 7,587 |
| Interest | 14,749 | 15,943 | 16,727 | 17,261 | 17,615 | 18,040 | 18,121 | 18,239 | 17,971 | 18,785 | 19,080 | 20,215 | 21,933 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 8,314 | 8,688 | 9,985 | 8,643 | 9,177 | 9,007 | 9,895 | 8,180 | 7,496 | 9,371 | 7,247 | 10,161 | 10,352 |
| Tax % | 25% | 25% | 24% | 25% | 19% | 25% | 24% | 23% | 26% | 25% | −5% | 25% | 26% |
| Net Profit | 6,230 | 6,520 | 7,630 | 6,467 | 7,436 | 6,779 | 7,490 | 6,260 | 5,558 | 7,060 | 7,642 | 7,657 | 7,650 |
| EPS (₹) | 20.13 | 21.05 | 24.62 | 20.83 | 23.93 | 21.78 | 24.13 | 20.13 | 17.82 | 22.58 | 24.46 | 24.54 | 24.74 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35,727 | 41,409 | 45,175 | 46,614 | 56,044 | 63,716 | 64,397 | 68,846 | 87,448 | 1,12,759 | 1,27,374 | 1,32,538 | 1,41,510 |
| Expenses | 11,521 | 13,869 | 24,327 | 29,717 | 28,020 | 35,976 | 32,621 | 31,216 | 30,644 | 40,036 | 46,395 | 53,954 | 53,785 |
| Financing Profit | 2,865 | 3,196 | −5,941 | −10,706 | −5,860 | −10,256 | −2,851 | 2,707 | 13,416 | 11,333 | 9,943 | 4,509 | 7,712 |
| Fin. Margin % | 8% | 8% | −13% | −23% | −10% | −16% | −4% | 4% | 15% | 10% | 8% | 3% | 5% |
| Other Income | 8,838 | 9,955 | 12,422 | 11,863 | 14,189 | 16,342 | 13,577 | 17,268 | 18,349 | 25,230 | 28,543 | 29,674 | 29,419 |
| Interest | 21,341 | 24,344 | 26,789 | 27,604 | 33,883 | 37,996 | 34,627 | 34,923 | 43,389 | 61,391 | 71,036 | 74,075 | 80,012 |
| Depreciation | 420 | 461 | 527 | 591 | 737 | 806 | 976 | 1,046 | 13,143 | 1,385 | 1,763 | 1,889 | 0 |
| PBT | 11,283 | 12,690 | 5,954 | 566 | 7,592 | 5,280 | 9,750 | 18,929 | 18,621 | 35,178 | 36,722 | 32,293 | 37,131 |
| Tax % | 34% | 34% | 33% | 18% | 34% | 64% | 26% | 25% | 42% | 25% | 23% | 18% | — |
| Net Profit | 7,450 | 8,358 | 3,967 | 464 | 5,047 | 1,879 | 7,252 | 14,207 | 10,919 | 26,492 | 28,112 | 26,548 | 30,038 |
| EPS (₹) | 31.42 | 35.04 | 16.51 | 1.78 | 19.59 | 6.57 | 23.49 | 45.99 | 35.16 | 85.49 | 90.58 | 84.89 | 96.32 |
| Div. Payout % | 15% | 14% | 30% | 0% | 5% | 0% | 0% | 2% | 3% | 1% | 1% | 1% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 474 | 477 | 479 | 513 | 514 | 564 | 613 | 614 | 615 | 617 | 619 | 622 | 623 |
| Reserves | 44,475 | 53,082 | 55,901 | 63,694 | 67,288 | 85,776 | 1,02,981 | 1,17,647 | 1,29,166 | 1,56,406 | 1,86,616 | 2,14,414 | 2,29,042 |
| Borrowing | 84,394 | 1,13,848 | 1,12,455 | 1,55,767 | 1,61,250 | 1,55,180 | 1,52,249 | 1,99,778 | 2,06,214 | 2,28,200 | 2,20,687 | 2,80,511 | 3,24,488 |
| Deposits | 3,22,244 | 3,58,302 | 4,14,983 | 4,55,658 | 5,50,746 | 6,42,157 | 6,98,303 | 8,20,914 | 9,45,825 | 10,67,102 | 11,70,921 | 13,33,791 | 14,50,288 |
| Other Liabilities | 15,656 | 20,678 | 27,644 | 28,071 | 34,248 | 44,194 | 46,859 | 56,576 | 62,598 | 65,913 | 78,119 | 1,16,713 | 1,10,889 |
| Total Liabilities | 4,67,243 | 5,46,387 | 6,11,462 | 7,03,703 | 8,14,046 | 9,27,872 | 10,01,005 | 11,95,529 | 13,44,418 | 15,18,239 | 16,56,963 | 19,46,050 | 21,15,330 |
| Fixed Assets | 2,447 | 3,358 | 3,518 | 3,697 | 3,842 | 3,912 | 4,501 | 4,753 | 5,000 | 5,860 | 6,661 | 6,776 | 6,859 |
| CWIP | 105 | 216 | 292 | 352 | 288 | 483 | 118 | 215 | 142 | 267 | 121 | 269 | 0 |
| Investments | 1,18,527 | 1,31,399 | 1,29,018 | 1,53,037 | 1,74,056 | 1,55,282 | 2,25,336 | 2,74,608 | 2,88,095 | 3,32,354 | 3,96,685 | 4,46,422 | 4,53,434 |
| Other Assets | 3,46,164 | 4,11,414 | 4,78,633 | 5,46,618 | 6,35,860 | 7,68,196 | 7,71,050 | 9,15,952 | 10,51,181 | 11,79,758 | 12,53,496 | 14,92,583 | 16,55,037 |
| Total Assets | 4,67,243 | 5,46,387 | 6,11,462 | 7,03,703 | 8,14,046 | 9,27,872 | 10,01,005 | 11,95,529 | 13,44,418 | 15,18,239 | 16,56,963 | 19,46,050 | 21,15,330 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −15,162 | −34,495 | 32,209 | −38,390 | 37,125 | 30,416 | 12,633 | 28,137 | 22,075 | −5,555 | 44,384 | −8,637 |
| Investing | −7,972 | 9,211 | −12,458 | −10,007 | −18,674 | −9,485 | −54,288 | −27,112 | −32,351 | −9,001 | −51,178 | −45,068 |
| Financing | 31,045 | 22,495 | −2,487 | 41,342 | 5,643 | 8,865 | 7,279 | 47,894 | 6,641 | 22,341 | −7,000 | 60,358 |
| Net Cash Flow | 7,910 | −2,789 | 17,263 | −7,055 | 24,094 | 29,795 | −34,375 | 48,919 | −3,636 | 7,785 | −13,794 | 6,653 |
| Free Cash Flow | −15,691 | −35,970 | 31,441 | −39,233 | 36,300 | 29,339 | 11,708 | 26,736 | 20,697 | −7,931 | 41,951 | −10,797 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 18% | 17% | 7% | 1% | 8% | 2% | 8% | 13% | 9% | 18% | 16% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Axis Bank insights
88 extracted metrics across FY12–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Q4 FY26 concall · Apr 2026Transcript PPT
- Q3 FY26 concall · Jan 2026Transcript PPT
- Q2 FY26 concall · Oct 2025Transcript PPT
- 17 Oct 2026
- 18 Jul 2026
- 25 Apr 2026
- 26 Jan 2026
- 15 Oct 2025
- 9 Oct 2026
- 25 Sep 2026
- 13 Jul 2026
- 8 Apr 2026
- 30 Dec 2025
Frequently Asked Questions about Axis Bank
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Company Information
Incorporated in December 1993, Axis Bank Limited is a private sector bank.It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City.
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