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Axis Bank Ltd.

•
axis.bank.inBSE: 532215NSE: AXISBANK
Market Cap₹ 3,92,292 Cr.
Current Price
High / Low₹ 1,418 / 1,069
Stock P/E14.1
Book Value₹ 712
Price to Book1.69
Dividend Yield0.08 %
ROCE11.0 %
ROE13.3 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking-Retail Banking: 37.6% • Corporate/Wholesale Banking: 28.6% • Treasury: 20.9%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence
84%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Comfortable capital adequacy - CAR of 16.4%
  • Strong return ratios for a lender: 3Y avg ROE 16.1%, ROA 1.7%
  • Asset quality is healthy - gross NPA of just 1.2%
  • Solid return on assets for a lender - ROA of 1.4%

CONS

  • A large part of profit comes from other income (91.9% of PBT)
  • Free cash flow has been persistently negative
  • Though reporting repeated profits, the company pays out little dividend (1.2%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private
Part ofNIFTY BANKNIFTY 50NIFTYLARGEMIDCAP250NIFTY PVT BANKNIFTY100 EQL WGT
S.No.Name
1.HDFCBANK694.0013.541069744.032.23203826.901092.64905753.30936.6612.8135.64
2.ICICIBANK1384.0017.71993414.930.8716209.7412.6252240.856.4416.5132.39
3.KOTAKBANK416.9520.44414767.520.165487.0623.8918354.576.4112.0519.05
4.AXISBANK1260.0014.12392291.690.087656.5122.3135541.969.8711.0463.88
5.IDBI81.609.4287739.600.002130.575.277549.287.4414.7676.80
6.FEDERALBNK347.0018.3285792.150.351297.6137.067861.589.9410.9866.11
7.AUBANK1065.0043.8679980.410.097959.531270.3153027.421111.1014.1756.24
8.INDUSINDBK995.0058.6377524.480.151037.0271.6811309.94-7.784.9755.07
9.IDFCFIRSTB86.7032.4374750.220.291147.82153.1211051.0914.615.4238.45
10.YESBANK22.2418.4969807.900.001071.8132.538054.495.928.0458.47
11.RBLBANK409.4070.6263495.460.242342.30993.4138402.401015.976.4940.95
12.KARURVYSYA335.4011.8132423.570.78755.7044.923049.4218.7223.6271.82
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
26,24627,41828,86530,23131,15931,60132,16232,45232,34832,31033,70934,17135,542
Interest Expended13,97214,74915,94316,72717,26117,61518,04018,12118,23917,97118,78519,08020,215
Net Interest Income12,27412,66912,92313,50313,89813,98614,12314,33214,11014,33814,92415,09115,327
5,6485,7056,2727,6066,6377,6036,7977,5068,0537,4607,1896,9727,671
Total Income000037,79639,20438,95939,95840,40139,77040,89841,14343,213
Operating Expenses000097,9001,01,37096,7281,03,92399,4841,06,5991,03,7441,12,43710,499
Operating Profit00001,07,4481,14,5191,12,4671,14,4501,22,1391,11,3851,17,3891,08,19312,499
Provisions & Contingencies000021,01522,74622,40015,50340,34236,42623,68335,7212,337
Profit before Tax8,1928,3148,6889,9858,6439,1779,0079,8958,1807,4969,3717,24710,161
Tax %25.55%25.21%25.26%23.75%25.38%19.27%24.91%24.31%23.47%25.86%24.82%-5.31%24.65%
Net Profit00006,4507,4096,7637,4906,2605,5587,0447,6327,657
EPS2020212521242224201823242

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
00000001,12,7591,27,3741,32,538—
Interest Expended26,78927,60433,88337,99634,62734,92343,38961,39171,03674,07576,051
Net Interest Income-26,789-27,604-33,883-37,996-34,627-34,923-43,38951,36856,33858,463—
12,42211,86314,18916,34213,57717,26818,34925,23028,54329,67429,292
Total Income00000001,37,9891,55,9171,62,2121,65,024
000000037,24339,99242,226—
Operating Profit-26,789-27,604-33,883-37,996-34,627-34,923-43,38939,35644,88945,911—
11,76615,85512,03814,50513,7335,4283,8224,1788,16613,617—
Profit before Tax5,9545667,5925,2809,75018,92918,62135,17836,72232,29334,275
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%24.89%23.45%17.96%18.63%
Net Profit3,9674645,0471,8797,25214,16410,85326,42428,11226,49427,890
EPS02197244635859185—

COMPOUNDED SALES GROWTH

10 Years:
12%
5 Years:
16%
3 Years:
15%

COMPOUNDED PROFIT GROWTH

10 Years:
12%
5 Years:
30%
3 Years:
35%

STOCK PRICE CAGR

10 Years:
8%
5 Years:
10%
3 Years:
8%
1 Year:
15%

RETURN ON EQUITY

10 Years:
10%
5 Years:
14%
3 Years:
16%
Last Year:
13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Jul 10

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

2025

Jul 4

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

2024

Jul 12

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

2023

Jul 7

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

2022

Jul 7

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

2017

Jul 6

₹ 2.50

Rs.5.0000 per share(250%)Final Dividend

2016

Jul 7

₹ 2.50

Rs.5.0000 per share(250%)Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
LIABILITIES----------
Equity Capital479513514564613614615617619622
55,90163,69467,28885,7761,02,9811,17,4961,28,7401,55,5121,85,4332,12,957
4,14,9834,55,6585,50,7466,42,1576,98,3038,21,1659,45,82510,67,10211,70,92113,33,791
1,12,4551,55,7671,61,2501,55,1801,52,2491,99,7782,06,2142,28,2002,20,6872,80,511
Other Liabilities & Provisions27,58328,00234,16344,08046,68656,31462,20565,41477,4841,15,915
Total Liabilities6,11,4627,03,7038,14,0469,27,87210,01,00511,95,77913,44,41815,18,23916,56,96319,46,050
ASSETS----------
30,85835,48135,09984,95951,80994,03566,11886,07773,63878,627
Balances with Banks & Money at Call20,1088,43032,90512,84111,61618,30942,59030,41629,06030,724
1,29,0181,53,0371,74,0561,55,2822,25,3362,74,6082,88,0953,32,3543,96,6854,46,422
3,81,1654,49,8445,06,6565,82,9596,25,7507,25,3768,68,3889,99,33310,81,22912,82,392
3,5183,6973,8423,9124,2114,4644,7105,5716,3726,487
46,50352,86361,20087,43782,16578,77274,37564,22169,8571,01,128
Total Assets6,11,4627,03,7038,14,0469,27,87210,01,00511,95,77913,44,41815,18,23916,56,96319,46,050

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
32,209-38,39037,12530,41612,63328,13722,075-5,55544,384-8,637
Cash from Investing-12,443-10,047-18,691-9,659-54,195-27,232-32,694-9,088-51,215-45,917
Cash from Financing-2,48741,3425,6438,8657,27947,8946,64122,341-7,00060,358
17,279-7,09524,07629,622-34,28348,799-3,9797,698-13,8325,804

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
PER SHARE
EPS (₹)16.511.7819.596.5723.4945.9935.1685.4990.5884.89
Book Value (₹)235.41250.17263.65305.99338.13384.75420.42505.84600.68687.16
Dividend per Share (₹)5.000.001.000.000.001.001.001.001.001.00
PROFITABILITY
Net Interest Margin %0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.55%3.56%3.18%
ROA %0.69%0.07%0.67%0.22%0.75%1.29%0.85%1.85%1.77%1.47%
ROE %7.22%0.77%7.65%2.44%7.64%12.78%8.77%18.51%16.43%13.26%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%48.62%47.12%47.91%
ASSET QUALITY
Gross NPA %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net NPA %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Provision Coverage %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Slippage Ratio %——————————
BALANCE SHEET & LIQUIDITY
CASA %0.00%0.00%0.00%0.00%0.00%0.00%0.00%42.97%40.75%39.58%
Credit-Deposit Ratio %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.21%0.19%0.21%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GROWTH & VALUATION
Net Profit Growth %-52.53%-88.30%987.68%-62.78%286.02%95.31%-23.38%143.48%6.39%-5.76%
Book Value Growth %0.00%0.00%0.00%0.00%0.00%0.00%0.00%20.32%18.75%14.40%
P/E (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x12.26x12.17x13.69x
P/B (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x2.07x1.83x1.69x
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.10%0.09%0.09%

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
8.318.298.238.188.178.168.158.147.87
53.4251.7747.3243.9343.8041.8842.5742.0539.91
31.6333.2137.4840.8741.2242.8742.6543.3542.69
Government0.000.000.000.000.000.000.000.000.00
6.646.726.977.006.827.076.636.456.43

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - Axis Bank Limited has informed the Exchange about Schedule of meet

2026-09-10
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Axis Bank Limited has informed the Exchange about Presentation

2026-09-09
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Axis Bank Limited has informed the Exchange about Presentation

2026-09-08
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Axis Bank Limited has informed the Exchange about Presentation

2026-09-08
ESOP/ESOS/ESPS

2026-09-08 - Axis Bank Limited has informed the Exchange regarding Allotment of 180899 Shares.

2026-09-07
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Axis Bank Limited has informed the Exchange about Schedule of meet

2026-09-03
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Axis Bank Limited has informed the Exchange about Schedule of meet

2026-09-02
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Axis Bank Limited has informed the Exchange about Presentation

2026-09-01
ESOP/ESOS/ESPS

2026-09-01 - Axis Bank Limited has informed the Exchange regarding Allotment of 162407 Shares.

News

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