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Axis Bank Ltd.

•
axis.bank.inBSE: 532215NSE: AXISBANK
Market Cap₹ 3,85,909 Cr.
Current Price
High / Low₹ 1,418 / 1,055
Stock P/E15.0
Book Value₹ 680
Price to Book1.77
Dividend Yield0.08 %
ROCE10.9 %
ROE12.8 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other RetailBanking-Retail Banking: 36.6% • Corporate/Wholesale Banking: 28.3% • Treasury: 21.7%

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 30.0% CAGR over last 5 years
  • Comfortable capital adequacy - CAR of 16.4%
  • Asset quality is healthy - gross NPA of just 1.2%
  • Strong return ratios for a lender: 3Y avg ROE 15.6%, ROA 1.6%
  • Solid return on assets for a lender - ROA of 1.4%

CONS

  • A large part of profit comes from other income (88.4% of PBT)
  • Free cash flow has been persistently negative
  • Though reporting repeated profits, the company pays out little dividend (1.3%)

* 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.HDFCBANK687.2513.411059339.462.26203826.901092.64905753.30936.6612.8135.64
2.ICICIBANK1390.1017.79997793.420.8616209.7412.6252240.856.4416.5132.39
3.KOTAKBANK414.4020.31412230.870.165487.0623.8918354.576.4112.0519.05
4.AXISBANK1239.5013.89385909.170.087656.5122.3135541.969.8711.0463.88
5.IDBI81.639.4287771.860.002130.575.277549.287.4414.7676.80
6.FEDERALBNK344.8518.2185260.580.351297.6137.067861.589.9410.9866.11
7.AUBANK1061.0043.7079680.010.097959.531270.3153027.421111.1014.1756.24
8.INDUSINDBK1002.0059.0478069.880.151037.0271.6811309.94-7.784.9755.07
9.IDFCFIRSTB86.0032.1774146.700.291147.82153.1211051.0914.615.4238.45
10.YESBANK22.4318.6570403.950.001071.8132.538054.495.928.0458.47
11.RBLBANK416.8071.9064643.150.242342.30993.4138402.401015.976.4940.95
12.KARURVYSYA340.4511.9932911.760.76755.7044.923049.4218.7223.6271.82
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
25,55726,62627,96129,22530,06130,42030,95431,24331,06430,97032,27432,72433,986
Interest Expended13,59814,31215,42916,13616,61216,93717,34817,43217,50417,22617,98818,26719,340
Net Interest Income11,95912,31512,53213,08913,44813,48313,60613,81113,56013,74514,28714,45714,646
5,0875,0345,5556,7665,7836,7225,9726,7807,2586,6256,2266,0236,735
Total Income000037,79639,20438,95939,95840,40139,77040,89841,14340,721
Operating Expenses8,2328,7178,9469,3199,1259,4939,0449,8389,3039,9579,63710,4669,722
Operating Profit8,8148,6329,14110,53610,10610,71210,53410,75211,51510,41310,87610,01311,659
Provisions & Contingencies1,0358151,0281,1852,0392,2042,1561,3593,9483,5472,2463,5222,223
Profit before Tax7,7797,8178,1139,3508,0678,5088,3789,3937,5686,8658,6306,4919,437
Tax %25.48%24.99%25.17%23.75%25.19%18.70%24.76%24.23%23.28%25.87%24.80%-8.94%24.61%
Net Profit5,7975,8646,0717,1306,0356,9186,3047,1185,8065,0906,4907,0717,114
EPS1919202320222023191621232

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
00000001,09,3691,22,6771,27,032—
Interest Expended26,44927,16333,27837,42934,10734,24542,21859,47468,32970,98472,820
Net Interest Income-26,449-27,163-33,278-37,429-34,107-34,245-42,21849,89454,34856,048—
11,69110,96713,13015,53712,26415,22116,14322,44225,25726,13125,608
Total Income00000001,31,8111,47,9341,53,1631,62,532
000000035,21337,50039,362—
Operating Profit-26,449-27,163-33,278-37,429-34,107-34,245-42,21837,12342,10542,817—
16,25315,80912,03214,34315,4585,3703,7904,0637,75813,263—
Profit before Tax5,4681226,9744,9048,80617,38316,90633,06034,34729,55431,423
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%24.80%23.21%17.25%18.01%
Net Profit3,6792764,6771,6276,58913,0259,58024,86126,37324,45725,764
EPS01186224231818579—

COMPOUNDED SALES GROWTH

10 Years:
12%
5 Years:
15%
3 Years:
14%

COMPOUNDED PROFIT GROWTH

10 Years:
12%
5 Years:
30%
3 Years:
37%

STOCK PRICE CAGR

10 Years:
8%
5 Years:
10%
3 Years:
8%
1 Year:
16%

RETURN ON EQUITY

10 Years:
9%
5 Years:
13%
3 Years:
16%
Last Year:
13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
55,28462,93266,16284,3841,00,9901,14,4121,24,3781,49,6181,77,9972,03,573
4,14,3794,53,6235,48,4716,40,1056,97,9858,21,9729,46,94510,68,64111,72,95213,35,834
1,05,0311,48,0161,52,7761,47,9541,42,8731,85,1341,86,3001,96,8121,84,1472,35,271
Other Liabilities & Provisions26,29526,24533,07342,15844,33653,14958,66460,69473,1061,10,209
Total Liabilities6,01,4686,91,3308,00,9979,15,1659,86,79811,75,42913,17,326148161189
ASSETS----------
30,85835,48135,09984,95951,80994,03566,11886,07773,63878,627
Balances with Banks & Money at Call19,3987,97432,10612,3099,92116,95340,29328,37726,09426,275
1,28,7931,53,8761,74,9691,56,7342,26,1202,75,5972,88,8153,31,5273,96,1424,45,033
3,73,0694,39,6504,94,7985,71,4246,14,3997,07,9478,45,3039,65,06810,40,81112,33,570
3,4663,6263,7643,8394,1354,3634,5975,4426,1916,289
45,60250,37759,98885,42580,30476,32572,06360,47466,95396,795
Total Assets6,01,4686,91,3308,00,9979,15,1659,86,79811,75,42913,17,326148161189

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
34,192-46,94937,56729,61313,58333,95126,9026,46149,412-1,330
Cash from Investing-12,630-10,244-18,737-9,767-54,107-27,352-33,022-9,258-52,009-45,842
Cash from Financing-4,62950,4014,93110,1185,05942,5381,23910,761-12,28851,495
16,933-6,79323,76229,964-35,46649,137-4,8817,964-14,8854,322

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
PER SHARE
EPS (₹)15.361.0718.195.7721.5042.4331.1380.5585.1578.69
Book Value (₹)232.83247.20259.27301.05331.63374.71406.24486.74576.67656.96
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%3.54%3.54%3.14%
ROA %0.64%0.04%0.63%0.19%0.69%1.20%0.77%1.78%1.71%1.40%
ROE %6.76%0.46%7.19%2.15%7.06%12.03%7.98%18.07%16.04%12.78%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%48.68%47.11%47.90%
ASSET QUALITY
Gross NPA %0.00%0.00%0.00%0.00%0.00%0.00%2.02%0.00%0.00%1.57%
Net NPA %0.00%0.00%0.00%0.00%0.00%0.00%0.39%0.00%0.00%0.45%
Provision Coverage %0.00%0.00%0.00%0.00%0.00%0.00%81.00%0.00%0.00%71.00%
Slippage Ratio %——————————
BALANCE SHEET & LIQUIDITY
CASA %0.00%0.00%0.00%0.00%0.00%0.00%0.00%42.99%40.77%39.59%
Credit-Deposit Ratio %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.18%0.16%0.18%
0.00%0.00%0.00%0.00%0.00%0.00%0.00%16.63%17.07%16.42%
GROWTH & VALUATION
Net Profit Growth %-55.26%-92.51%1596.38%-65.21%304.89%97.70%-26.45%159.52%6.08%-7.27%
Book Value Growth %0.00%0.00%0.00%0.00%0.00%0.00%0.00%19.82%18.48%13.92%
P/E (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x13.01x12.94x14.77x
P/B (x)0.00x0.00x0.00x0.00x0.00x0.00x0.00x2.15x1.91x1.77x
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

2026-09-10
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.

2026-09-01
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - Axis Bank Limited has informed the Exchange about Presentation

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