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79% Buy

Federal Bank Share Price

FEDERALBNK

₹176.52-₹2.36 (-1.32%) TodayLast updated on 21 Jun, 2024 | 03:59 PM IST
₹175.70₹179.73
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Company overview

Financial performance

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Market cap

Market Cap Switch₹42,628 Crs

Open

₹179.73

Close

₹178.88

Circuit range

₹194.17 - ₹158.86

Day range

₹175.70 - ₹179.73

Year range

₹121.00 - ₹179.73

Volume

95,10,818

Avg. traded

₹177.02

Revenue (12m)

₹23,565 Crs

Federal Bank

Federal Bank Limited is a private sector bank with its headquarters in Kochi, Kerala. The bank has a network of 1,355 branches and 1,916 ATMs as of March 31, 2023. With more than 1.6 crore customers, the bank has representative offices across India and in Abu Dhabi and Dubai, as well as an IFSC Banking Unit located in GIFT City.

Federal Bank included over 350,000 MFI clients during FY2023 through various business correspondent relationships, with over 95% being women beneficiaries. On the TReDS platform, the bank saw a 237% rise in bill discounting year-over-year. In addition, Federal Bank and UAE’s Mashreq Bank established a strategic partnership to launch an online facility for opening NRI accounts.

The bank’s history dates back to April 23, 1931, when the erstwhile Travancore Federal Bank Limited was established with an authorised capital of ₹5,000. In its initial days, it was engaged in banking transactions associated with agriculture and industry. On December 2, 1949, it was named Federal Bank Limited.

Federal Bank has a market capitalisation of ₹38,173 crore as on December 15, 2023. The bank’s product offerings, which includes investments, loans and savings accounts, are meant to meet the needs of both corporate and retail clients.

Business operations

It offers agribusiness, CV/CE financing, and other associated services under its retail banking portfolio. The bank provides a variety of financial products within this segment, including deposits, retail loans against property, mortgage-backed housing loans, vehicle loans, cards and payments, non-resident banking and wealth management services.

In the business banking segment, Federal Bank focuses on providing loans to micro, small, and medium enterprises. Similarly, the agri-banking business offers specialised finance options for agriculture and the agricultural sector.

Commercial Banking (CoB), Corporate and Institutional Banking (CIB) and Government and Institutional Business (GIB) make up Federal Bank’s wholesale banking business. While CIB serves large business houses, corporates, capital market clients and public sector undertakings, CoB provides financing solutions to mid-market and micro, small, and medium-sized organisations. With focus on liability business, GIB is committed to meeting the needs of government departments.

The bank’s ‘Digital Personal Loan’ enables customers to apply for and receive loans entirely online. Federal Bank has also launched the ‘Bank on the Go’ initiative to help consumers in rural areas who have difficulties in accessing banking services. It involves a mobile kiosk-equipped vehicle that travels to rural areas to offer banking services to customers.

Federal Bank share price has surged nearly 136% in the last three years.

Financial highlights

Federal Bank’s net profit for FY2023 surged to ₹3,010.59 crore, up 59% year-on-year from ₹1,889.82 crore in FY2022. The bank’s total business increased 18.74% to ₹ 3,87,832.93 crore at the end of FY23 from ₹ 3,26,629 crore in FY22. The lender’s operating profit or EBITDA increased 27.58% YoY to ₹4,794.4 crore in FY23 as against ₹3,757.85 crore in FY22. Total deposits increased by 17% YoY to ₹2,13,386 crore in FY2023 from ₹1,81,700 crore in FY2022. The net interest income (NII) increased 21.31% YoY to 7232.16 crore in FY23 from 5961.96 in preceding financial year.

Federal Bank Key indicators

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52 week high

₹179.73

52 week low

₹121.00

P/E ratio

10.5

P/B ratio

1.42

ROE

14.95%

ROCE

13.34%

Dividend yield

0.67%

Debt/Equity ratio

0.9

EPS

14.23

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Investment checklist: (3/6)

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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

79%

Hold

21%

Sell

0%

This analysis is based on the reviews of 29 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

3%

ROA

1.25%

Credit Deposit

81.75%

ROE

14.95%

Net profit margin

17.92%

EPS

14.23

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Federal Bank Shareholder returns

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1 day

-1.32%

1 week

+2.47%

1 month

+7.86%

3 months

+17.72%

1 year

+42.99%

3 years

+106.82%

5 years

+71.63%

Federal Bank Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹179.73
₹176.52
-1.32%
Thu, Jun 20 2024
₹175.95
₹178.88
+2.48%
Wed, Jun 19 2024
₹175.09
₹174.55
-0.31%
Tue, Jun 18 2024
₹174.90
₹175.09
+0.40%
Fri, Jun 14 2024
₹173.26
₹174.40
+1.24%
Thu, Jun 13 2024
₹175.01
₹172.26
-0.92%
Wed, Jun 12 2024
₹167.80
₹173.86
+3.74%
Tue, Jun 11 2024
₹166.01
₹167.59
+1.66%

Shareholding info

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Promoters (0%)

Mutual Funds (34.88%)

Retail and other (26.27%)

Foreign institutions-FII (28.57%)

Other domestic institutions (10.28%)

Mutual Funds

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Events

Corporate actions

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  • Dividend • ₹1/share

    Ex date 11 Aug 2023

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  • Dividend • ₹1.8/share

    Ex date 19 Jul 2022

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Frequently asked questions