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89% Buy

Axis Bank Share Price

AXISBANK

₹1,139.45-₹1.90 (-0.17%) TodayLast updated on 18 May, 2024 | 09:59 AM IST
₹1,137.05₹1,144.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹3,51,834 Cr

Open

₹1,142.00

Close

₹1,141.35

Circuit range

₹1,198.40 - ₹1,084.30

Day range

₹1,137.05 - ₹1,144.95

Year range

₹908.95 - ₹1,182.90

Volume

84,555

Avg. traded

₹1,139.20

Revenue (12m)

₹1,12,759 Cr

Axis Bank

Axis Bank is a leading private sector bank and financial services provider in the country. The Mumbai-headquartered bank’s operations are spread across India and a few countries abroad. The lender is a significant player in both retail and corporate banking segments.

It was previously named UTI Bank from 1993 to 2007. It is the third-largest private sector bank based on assets and holds the fourth position in terms of market capitalisation. The bank caters to the financial needs of large, mid-sized and small-to-medium enterprises (SMEs) as well as retail businesses.

The market capitalisation of Axis Bank stood at more than ₹3.45 lakh crore as of December 16, 2023. Axis Bank share price has surged nearly 85% in the last three years.

Axis Bank was founded as UTI Bank on December 3, 1993. It was collectively established by the Administrator of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, New India Assurance Company, Oriental Insurance Corporation and United India Insurance Company. The first branch of the bank started operations on April 2, 1994, in Ahmedabad, Gujarat.

Axis Bank business operations

Axis Bank’s service network spreads across urban, rural and semi-urban areas through its branches. In FY23, it expanded its network by adding 145 branches. As per its report for FY23, Axis Bank had over 65,500 banking outlets and more than 60,600 common service centres (CSC), which are operated by village-level entrepreneurs. This also includes 4,910 branches and seven foreign offices as well as extension counters. Axis Bank operates 15,953 ATMs and cash deposit/withdrawal machines.

The global footprint of Axis Bank includes branches in DIFC Dubai and Singapore, along with representative offices in Bangladesh (Dhaka) and the UAE (Abu Dhabi, Dubai and Sharjah) as well as an offshore banking unit in GIFT City, Ahmedabad.

Over the years, Axis Bank has acquired many entities. The two most prominent among those are Freecharge and Citibank India's consumer banking business. Axis Bank acquired Freecharge, a digital marketplace for financial services for around ₹385 crore in 2017.

The bank completed the acquisition of Citibank India's consumer banking business for an estimated ₹11,949 crore. This acquisition provided Axis Bank Ltd access to a substantial base of 24 lakh Citi customers, along with approximately 3,200 employees from Citibank.

Over the past four years, Axis Bank has significantly expanded its business operations across its subsidiaries, primarily driven by its 'One Axis' strategy.

Financial highlights

The bank’s consolidated revenue for FY 2022-23 stood at ₹87,448 crore. It was 27% up from ₹68,846 crore in FY 2021-22. The bank reported a profit of ₹10,855 crore in FY23 as against a profit of ₹14,168 crore in FY22. The bank’s net interest income (NII) surged in FY23 to ₹42,946 compared to ₹33,132 crore in FY22. Net interest margin (NIM) increased to 4.02% in FY23 from 3.47% in FY22. Profit before tax (PBT) of the bank stood at ₹18,623 crore in FY23 as against ₹18,932 crore compared to the previous fiscal. The bank made a total capital expenditure of ₹84,613 crore in FY23. Earnings per share (EPS) dropped to ₹35.2 in FY23 compared to ₹46.04 in the preceding financial year.

Axis Bank Key indicators

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52 week high

₹1,182.90

52 week low

₹908.95

P/E ratio

13.38

P/B ratio

2.24

ROE

7.98%

ROCE

8.95%

Dividend yield

0.09%

Debt/Equity ratio

1.49

EPS

31.13

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Investment checklist: (5/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

89%

Hold

11%

Sell

0%

This analysis is based on the reviews of 37 experts in the last 7 days

Brands by Axis Bank

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Axis Bank Foundation

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Axis Bank

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Axis Capital

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Axis Finance

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Axis Securities

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Freecharge

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Axis Mutual Fund

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

3.46%

ROA

0.77%

Credit Deposit

89.27%

ROE

7.98%

Net profit margin

11.25%

EPS

31.13

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Axis Bank Shareholder returns

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1 day

+1.00%

1 week

+2.12%

1 month

+8.31%

3 months

+6.60%

1 year

+24.13%

3 years

+66.32%

5 years

+55.67%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Axis Bank Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (8.22%)

Mutual Funds (22.67%)

Retail and other (7.82%)

Foreign institutions-FII (53.84%)

Other domestic institutions (7.46%)

Foreign institutions-FII

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Events

Corporate actions

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  • Dividend • ₹1/share

    Ex date

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  • Dividend • ₹1/share

    Ex date 07 Jul 2023

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  • Dividend • ₹1/share

    Ex date 07 Jul 2022

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Frequently asked questions