AXIS Bank Ltd

₹ 1,299 2.92%
14 Jan
🔗 Website | BSE: 532215 | NSE: AXISBANK
4,03,317
1,299
1,308
16.6
612
0.08
6.95
16.0

ABOUT

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]

Stock Analysis

Description

  • Axis Bank Limited is a private sector bank, incorporated in December 1993. It operates the third-largest branch network among private sector banks and has an international presence.

Key Growth Triggers

  • Market Leadership: 3rd largest private sector bank in India, 4th largest issuer of credit cards, with 19.8% market share in FY24.

Order Book

  • Currently no data available for Order Book.

Key Red Flags

  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.15%
  • Contingent liabilities of Rs.29,52,579 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.26,634 Cr.

Key Dates To Watch

  • January 26, 2026: Axis Bank's earnings call to discuss Q3 FY26 financial results.

Peer Comparison

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.HDFC Bank925.4519.681423765.701.1920363.7710.0186993.844.817.51346185.2242.6172360.0719610.672.641.746.30
2.ICICI Bank1418.4019.031014465.350.7814318.153.1648180.914.007.87192684.9128.3053300.2513357.063.042.185.58
3.Kotak Mah. Bank421.0022.54418705.250.124468.27-11.4217198.744.708.1767852.1227.8018574.234468.272.492.683.62
4.Axis Bank1298.8016.59403317.430.085089.64-26.4230970.231.816.95124230.1960.4424317.055089.642.121.717.39
5.IDBI Bank104.8512.14112738.942.003240.7773.567109.01-4.516.7828937.8570.499284.323229.581.651.974.81
6.IndusInd Bank944.5073583.730.00-436.88-132.8211608.63-8.496.4747307.1246.88-759.35-436.881.130.486.70
7.Yes Bank22.9525.3972014.740.00664.3117.257388.75-4.506.3630449.5759.652836.87664.311.460.597.29

Quarterly Results

Figures in Cr.

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
YOY Sales Growth %
23.89%28.77%34.84%36.46%31.56%25.8%21.92%17.62%14.25%10.7%6.91%3.34%1.81%
Expenses
7,0498,1917,6689,2679,5319,97410,50411,16511,69711,20011,19713,25013,504
Material Cost %
Employee Cost %
10.71%10.26%9.03%10.52%9.8%9.7%10%10.41%10.25%9.64%9.48%10.5%10.07%
Operating Profit
OPM %
Other Income
3,8554,572-7,7025,0875,0345,5556,7665,7836,7225,9726,7807,2586,625
Exceptional items
00-12,4900000000000
Other income normal
3,8554,5724,7885,0875,0345,5556,7665,7836,7225,9726,7807,2586,625
Interest
9,87910,76712,22813,59814,31215,42916,13616,61216,93717,34817,43217,50417,226
Depreciation
0000000000000
Profit before tax
7,1667,840-3,6287,7797,8178,1139,3508,0678,5088,3789,3937,5686,865
Tax %
26%25%58%25%25%25%24%25%19%25%24%23%26%
Net Profit
5,3305,853-5,7285,7975,8646,0717,1306,0356,9186,3047,1185,8065,090
EPS in Rs
17.3519.03-18.6218.8219.0319.6923.119.5322.3620.3722.9818.7216.4

Profit & Loss

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
Sales Growth %
Expenses
9,64411,12713,36723,80828,89527,15535,06631,74929,96229,08937,94343,55949,151
Material Cost %
Raw material cost
Change in inventory
Manufacturing Cost %
Employee Cost %
Other Cost %
Operating Profit
OPM %
Other Income
7,4058,3659,37111,69110,96713,13015,53712,26415,22116,14322,44225,25726,634
Exceptional items
Other income normal
Interest
18,69021,25424,15526,44927,16333,27837,42934,10734,24542,21859,47468,32969,510
Depreciation
3644064445095687107739481,00813,0941,3341,6990
Profit before tax
9,34911,05712,3945,4681226,9744,9048,80617,38316,90633,06034,34732,204
Tax %
33%33%34%33%-127%33%67%25%25%43%25%23%
Net Profit
6,2187,3588,2243,6792764,6771,6276,58813,0259,58024,86126,37324,317
Exceptional items AT
Profit excl Excep
Profit for PE
Profit for EPS
EPS in Rs
26.4731.0434.5115.361.0718.195.7721.542.4331.1380.5585.1578.47
Dividend Payout %
15%15%14%33%0%6%0%0%2%3%1%1%

Balance Sheet

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
470474477479513514564613614615617619621
Reserves
37,75144,20252,68855,28462,93266,16284,3841,00,9901,14,5601,24,8011,50,4441,79,1061,89,327
Borrowings
Long term Borrowings
Short term Borrowings
Lease Liabilities
Other Borrowings
Other Liabilities
13,78915,05620,10826,29526,24533,07342,15844,33653,14958,66460,69473,10683,674
Trade Payables
3,5783,9373,6453,9534,9183,7853,6907,0338,4999,5446,7146,1940
Advance from Customers
Other liability items
10,21111,11816,46322,34321,32829,28838,46837,30444,65049,12053,98066,91283,674
Total Liabilities
3,83,2454,61,9325,39,8216,01,4686,91,3308,00,9979,15,1659,86,79811,75,42913,17,32614,77,20916,09,93016,76,614
Fixed Assets
2,3112,4133,3163,4663,6263,7643,8394,1354,3634,5975,4426,1906,413
Land
Building
904.11950.661,828.951,833.11,833.11,791.71,837.71,837.71,872.011,873.152,022.152,022.15
Plant Machinery
Equipments
Furniture & fittings
Vehicles
Intangible Assets
Other fixed assets
3,250.773,546.353,966.594,579.665,220.446,035.36,762.437,950.548,972.3822,096.6523,783.9425,592.13
Gross Block
4,154.884,497.015,795.546,412.767,053.547,8278,600.139,788.2410,844.3923,969.825,806.0927,614.28
Accumulated Depreciation
1,844.342,083.962,479.342,946.823,427.954,063.054,761.545,652.916,481.1619,372.420,363.8621,423.78
CWIP
1001012072813462734741102091362421010
Investments
1,13,5481,17,5501,31,5241,28,7931,53,8761,74,9691,56,7342,26,1202,75,5972,88,8153,31,5273,96,1423,91,851
Other Assets
2,67,2863,41,8684,04,7744,68,9275,33,4826,21,9917,54,1187,56,4338,95,25910,23,77711,39,99712,07,49612,78,350
Inventories
Trade receivables
Receivables under 6m
Receivables over 6m
Prow for Doubtful
Cash Equivalents
12,87715,60318,24124,50030,22330,88676,97139,13584,19456,45276,44365,56463,843
Loans & Advances
Other Assets items
Total Assets
3,83,2454,61,9325,39,8216,01,4686,91,3308,00,9979,15,1659,86,79811,75,42913,17,32614,77,20916,09,93016,76,614

Cash Flows

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
16,703-16,708-19,18334,192-46,94937,56729,61313,58333,95126,9026,46149,412
Profit from operations
11,90813,86816,61418,23216,20519,92724,32927,19128,76537,53242,10947,973
Receivables
Inventory
Payables
Loans Advances
-34,489-52,639-61,310-44,418-81,175-64,987-86,949-63,549-1,00,462-1,43,410-1,26,361-87,322
Other WC items
453-8,007-1,643-4,221-779-5,359-20,8293,50110,1808,75812,0174,807
Working capital changes
8,237-30,576-31,44421,043-60,14820,4968,119-11,8149,265-4,446-28,9988,926
Direct taxes
-3,4420-4,353-5,083-3,006-2,856-2,835-1,794-4,078-6,184-6,650-7,487
Cash from Investing Activity
-14,389-4,278-5,473-12,633-10,253-18,749-9,668-54,180-27,232-32,718-9,178-51,846
Fixed assets purchased
-589-524-1,464-743-822-832-1,072-902-1,344-1,325-2,295-2,328
Fixed assets sold
1691019611531713611811
Investments purchased
-13,189-3,580-3,885-11,786-8,969-17,896-8,946-53,270-25,830-31,317-6,712-47,170
Investments sold
Interest received
Redeemp Cnce of Shares
Acquisition of companies
00-119-117-720-193-7-7-399-407-301-2,876
Other investing items
-141-74-38-2-8-1299-7312030480163
Cash from Financing Activity
5,49028,84621,883-4,62950,4014,93110,1185,05942,5381,23910,761-12,288
Redemption of debentures
-13400000000000
Proceeds from borrowings
000006,4600044,63812,38310,5120
Repayment of borrowings
00000-1,700-4,822-5,081-2,377-11,2160-12,665
Interest paid fin
Dividends paid
-987-1,102-1,308-1,407-1,4050-28900-307-308-309
Financial liabilities
Other financing items
6,47429,46722,886-3,55042,9850000379555684
Net Cash Flow
7,8047,860-2,77416,931-6,80123,75030,064-35,53849,257-4,5768,044-14,722

Ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
Inventory Days
Days Payable
Cash Conversion Cycle
Working Capital Days
ROCE %

Shareholding Pattern

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
8.19%8.16%8.19%8.22%8.2%8.22%8.31%8.29%8.23%8.18%8.17%8.16%8.15%
Administrator Of The Specified Undertaking Of The ___
0.0200
IDBI Bank Ltd
00
IDBI Trusteeship Services Ltd
00
LIC (Lanka) Ltd
00
LIC (Nepal) Ltd
00
LIC (Singapore) Pte Ltd
00
LIC Bangladesh Ltd
00
LIC Card Services Ltd
00
LIC HFL Asset Management Company Ltd
00
LIC Housing Finance Ltd
00
LIC Mutual Fund Asset Management Ltd
00
LIC Mutual Fund Trustee Company Pvt Ltd
00
LIC Pension Fund Ltd
00
LIC(International) BSC (c) Bahrain
00
Life Insurance Corporation Of India
8.178.168.198.228.28.228.318.298.238.188.178.16
FIIs
49.45%49.05%52%53%54.68%53.84%53.43%51.78%47.32%43.94%43.81%41.89%42.58%
Dodge And Cox International Stock Fund
3.263.253.273.282.912.62.332.322.32.292.232.23
Government Of Singapore
2.392.172.112.182.222.241.882.251.952.181.931.92
Government Pension Fund Global
1.891.821.81.911.951.681.711.681.672.152.272.15
KUWAIT INVESTMENT AUTHORITY FUND - Through its var___
1.1
Vanguard Emerging Markets Stock Index Fund, A Seri
1.051.051.051.05
Vanguard Emerging Markets Stock Index Fund, A Seri___
1.03
Vanguard Total International Stock Index Fund
1.041.051.071.081.081.081.111.11
DIIs
31.51%32.01%29.91%29.03%28.83%30.12%31.63%33.21%37.48%40.87%41.22%42.87%42.65%
ADITYA BIRLA - Through its various Mutual Fund Schemes
1.111.25
ADITYA BIRLA - Through its various Schemes
1.321.36
Aditya Birla Sun Life Trustee Private Limited A/C
1.441.51.311.121.051.07
DSP - Through its various Schemes
1.061.19
HDFC - Through its various Mutual Fund Schemes
2.573.484.034.425.115.57
HDFC - Through its various Schemes
5.275.24
Hdfc Mutual Fund - Hdfc Banking And Financial Serv
2.2
Hdfc Mutual Fund-Hdfc Arbitrage Fund
2.42
Hdfc Trustee Co_ Ltd_ A/C Hdfc Dividend Yield Fund
2.03
Hdfc Trustee Company Ltd - A/C Hdfc Hybrid Equity
2.18
ICICI PRUDENTIAL - Through its various Mutual Fund Schemes
2.743.153.224.45.556.02
ICICI PRUDENTIAL - Through its various Schemes
6.087.04
Icici Prudential Nifty 50 Index Fund
3.34
Icici Prudential Nifty50 Equal Weight Index Fund
2.89
Icici Prudential Sensex Index Fund
3.273.05
KOTAK - Through its various Mutual Fund Schemes
1.741.611.411.462.041.57
KOTAK - Through its various Schemes
1.731.81
Kotak Equity Hybrid
1.751.61
Kotak Focused Equity Fund
1.6
Kotak India Growth Fund Series 4
1.58
MIRAE ASSET - Through its various Mutual Fund Schemes
1.461.551.681.831.821.87
MIRAE ASSET - Through its various Schemes
1.771.58
Mirae Asset Arbitrage Fund
1.49
Mirae Asset Balanced Advantage Fund
1.56
Mirae Asset Flexi Cap Fund
1.79
Mirae Asset Tax Saver Fund
1.75
NIPPON - Through its various Mutual Fund Schemes
1.791.861.972.182.352.93
NIPPON- Through its various Schemes
2.983.23
NPS TRUST - Through its various Schemes
2.292.342.232.092.192.332.472.54
Nippon Life India Trustee Ltd-A/C Nippon India Nif
1.851.871.771.63
Nps Trust -A/C Lic Pension Fund Limited Apy Fund S
2.26
Nps Trust- A/C Sbi Pension Fund Scheme E - Tier I
2.23
Nps Trust- A/C Uti Retirement Solutions Pension Fu
2.03
Nps Trust-A/C Sbi Pension Fund Scheme Tax Saver-Ti
2.22
PARAG PARIKH - Through its various Schemes
1.2
SBI - Through its various Mutual Fund Schemes
4.14.034.013.934.025.16
SBI - Through its various Schemes
1.175.345.26
Sbi Large & Midcap Fund
4.79
Sbi Life Insurance Company Limited
1.091.151.19
Sbi Long Term Advantage Fund - Series Vi
4.83
Sbi Magnum Equity Esg Fund
4.16
Sbi S&P Bse Sensex Etf
4.17
UTI - Through its various Mutual Fund Schemes
1.631.71.681.681.671.7
UTI - Through its various Schemes
1.791.87
Uti - Regular Savings Fund
1.66
Uti Nifty Index Fund
1.611.65
Uti Sensex Index Fund
1.53
Government
Public
10.83%10.79%9.91%9.76%8.27%7.81%6.63%6.71%6.97%6.99%6.8%7.06%6.61%
Bc Asia Investments Vii Limited
1.31.31.3
Others
No. of Shareholders
8,09,8058,46,2618,01,2097,85,6017,85,5027,86,1667,69,6518,28,6298,99,9499,35,4538,85,7259,18,780

News & Updates

Documents

Announcements

Grant Of Stock Options
1d - Axis Bank granted 103,916 ESOPs at Rs.1,262 each on Jan 14, 2026; vesting over three years.
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - KFin certifies dematerialisation actions for Axis Bank quarter ended December 31, 2025.

Annual Reports

Credit Ratings

Rating update
30 Dec from care
Rating update
29 Sep 2025 from fitch
Rating update
22 Sep 2025 from care
Rating update
14 Jul 2025 from crisil
Rating update
20 Jun 2025 from icra
Rating update
19 Nov 2024 from icra

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