Axis Bank Ltd
Axis Bank Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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71 extracted metrics + investor summaries across FY09–FY26.
Tapetide Score
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Technical Indicators
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 73.7 days to 43.2 days
Weaknesses
5- Company has low interest coverage ratio.
- Promoter holding is low: 7.87%
- Contingent liabilities of Rs.31,22,124 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.29,674 Cr.
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAxis Bank Ltd is a large-cap private sector bank with a market cap of Rs.4,06,405 Cr trading at a P/E of 15.5x and P/B of 1.92x. The bank delivered strong 5-year profit CAGR of ~30% but TTM profit growth has turned negative at -6%, while revenue growth has slowed to 4% TTM from a 3-year CAGR of 15%.
- Strong 5-year compounded profit growth of 30% CAGR demonstrates sustained earnings recovery and operational leverage
- 3-year ROE of 16% indicates healthy return generation relative to equity base for a large private bank
- P/E of 15.5x is reasonable for a large private sector bank with demonstrated profit growth trajectory
- Working capital days reduced from 73.7 days to 43.2 days, signaling improved operational efficiency
- 5-year compounded sales growth of 16% shows consistent top-line expansion capability
- 10-year stock CAGR of 9% and 5-year CAGR of 11% reflect long-term value creation for shareholders
- P/B of 1.92x is at a modest premium indicating market confidence without excessive valuation stretch
- TTM profit growth has turned negative at -6%, a sharp deceleration from the 3-year CAGR of 35%
- Contingent liabilities of Rs.31,22,124 Cr represent a significant off-balance-sheet risk relative to market cap of Rs.4,06,405 Cr
- TTM revenue growth has slowed sharply to 4% from 3-year CAGR of 15%, suggesting operating headwinds
- Promoter holding is low at 7.87%, which limits promoter skin-in-the-game alignment with minority shareholders
- Other income of Rs.29,674 Cr forms a material part of earnings, raising questions about core operating profit quality
- Low interest coverage ratio indicates vulnerability to rising funding costs or asset quality stress
- Last year ROE declined to 13% from the 3-year average of 16%, indicating potential return compression
- Possible capitalization of interest costs may overstate reported profitability and asset values
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 7h ago- CFO resignation effective Aug 31 Jun 29
Puneet Sharma resigns as CFO effective Aug 31, 2026. Leadership transition at a key finance role introduces near-term uncertainty.
- Q1FY27 advances up 18.8% YoY Jul 6
Gross advances reached ₹12,729 billion for Q1FY27, up 18.8% YoY. Total deposits rose 18.2% to ₹13,729 billion, showing strong balance sheet growth.
- RBI approves Chairman re-appointment Jul 7
RBI approved N.S. Vishwanathan's re-appointment as Non-Executive Chairman for three years (Oct 2026–Oct 2029), ensuring board continuity.
- $800M dual-tranche notes priced Jun 23
Axis Bank priced USD 500M AT1 notes at 6.875% and USD 300M Senior Notes at 5.348%, settling June 30, 2026. Successful international capital raise strengthens capital buffers.
- Preference share sale in Axis Finance Jul 14
Axis Bank completed sale of preference shares in Axis Finance Limited, reducing ownership to 94.92% while retaining holding company status.
- ₹43.66 Cr block trade on NSE Jun 29
Block trade of ~315,901 shares at ₹1,382.00/share worth ₹43.66 crores executed on NSE, likely institutional rebalancing.
- ₹15.82 Cr block trade on NSE Jun 24
Block trade of ~114,843 shares at ₹1,377.50/share worth ₹15.82 crores on NSE, indicating institutional activity.
- Investor meets in London Jun 23
Axis Bank met 14 global institutional investors at the IIFL Invest India Conference and J.P. Morgan Asia Pacific All Star Forum on June 22–23, 2026.
- 32nd AGM scheduled Jul 31 Jun 25
AGM set for July 31, 2026 via video conferencing with 18 agenda items including director re-appointments and fund-raising resolutions.
- BRSR filed for FY26 Jun 25
Axis Bank filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing ESG and governance metrics.
- Board meeting Jul 18 for Q1 results Jun 19
Board meeting scheduled for July 18 to consider Q1FY27 financial results ahead of public disclosure.
TL;DR: Axis Bank is demonstrating strong operational momentum with Q1FY27 advances growing 18.8% YoY and deposits up 18.2%, supported by a successful $800M international capital raise. Board-level continuity is secured with the RBI-approved chairman re-appointment through 2029. The CFO resignation is the sole notable risk but appears orderly. The trend is positive with robust growth metrics and proactive capital management heading into the next quarter.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24,630 | 26,246 | 27,418 | 28,865 | 30,231 | 31,159 | 31,601 | 32,162 | 32,452 | 32,348 | 32,310 | 33,709 | 34,171 |
| Expenses | 8,101 | 9,731 | 10,059 | 10,506 | 11,124 | 11,892 | 12,412 | 11,913 | 11,943 | 13,983 | 14,302 | 12,743 | 14,816 |
| Financing Profit | 3,948 | 2,543 | 2,609 | 2,416 | 2,379 | 2,006 | 1,575 | 2,210 | 2,389 | 127 | 36 | 2,181 | 275 |
| Fin. Margin % | 16% | 10% | 10% | 8% | 8% | 6% | 5% | 7% | 7% | 0% | 0% | 6% | 1% |
| Other Income | -7,101 | 5,648 | 5,705 | 6,272 | 7,606 | 6,637 | 7,603 | 6,797 | 7,506 | 8,053 | 7,460 | 7,189 | 6,972 |
| Interest | 12,580 | 13,972 | 14,749 | 15,943 | 16,727 | 17,261 | 17,615 | 18,040 | 18,121 | 18,239 | 17,971 | 18,785 | 19,080 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -3,153 | 8,192 | 8,314 | 8,688 | 9,985 | 8,643 | 9,177 | 9,007 | 9,895 | 8,180 | 7,496 | 9,371 | 7,247 |
| Tax % | 70% | 26% | 25% | 25% | 24% | 25% | 19% | 25% | 24% | 23% | 26% | 25% | -5% |
| Net Profit | -5,334 | 6,113 | 6,230 | 6,520 | 7,630 | 6,467 | 7,436 | 6,779 | 7,509 | 6,279 | 5,567 | 7,060 | 7,642 |
| EPS in Rs | -17.43 | 19.78 | 20.13 | 21.05 | 24.62 | 20.83 | 23.93 | 21.78 | 24.13 | 20.13 | 17.82 | 22.58 | 24.46 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Fin. Margin % | 8% | 8% | -13% | -23% | -10% | -16% | -4% | 4% | 15% | 10% | 8% | 3% |
| 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 |
| 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 |
| Depreciation | 420 | 461 | 527 | 591 | 737 | 806 | 976 | 1,046 | 13,143 | 1,385 | 1,763 | 1,889 |
| PBT | 11,283 | 12,690 | 5,954 | 566 | 7,592 | 5,280 | 9,750 | 18,929 | 18,621 | 35,178 | 36,722 | 32,293 |
| 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 | 28,191 | 26,548 |
| EPS in Rs | 31.42 | 35.04 | 16.51 | 1.78 | 19.59 | 6.57 | 23.49 | 45.99 | 35.16 | 85.49 | 90.58 | 84.89 |
| Div. Payout % | 15% | 14% | 30% | 0% | 5% | 0% | 0% | 2% | 3% | 1% | 1% | 1% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 474 | 477 | 479 | 513 | 514 | 564 | 613 | 614 | 615 | 617 | 619 | 622 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| CWIP | 105 | 216 | 292 | 352 | 288 | 483 | 118 | 215 | 142 | 267 | 121 | 269 |
| 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 |
| 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 |
| 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 |
Cash Flow
| 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 |
| CFO/OP | -63 | -109 | 180 | -208 | 144 | 121 | 46 | 87 | 51 | 2 | 65 | -2 |
Ratios
| 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% |
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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.[1]