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IndusInd Bank Ltd (INDUSINDBK)

₹1456.90.76%

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🔔 Rating Alert

ICICI Securities maintains buy rating for IndusInd Bank with target price of ₹2,000, suggesting potential upside of over 38%

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 41 analysts

BUY

87.50%

Buy

10.00%

Hold

2.50%

Sell

Based on 41 analysts offering long term price targets for IndusInd Bank Ltd. An average target of ₹1830.71

Source: S&P Global Market Intelligence

IndusInd Bank Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,438
    ₹1,460.85
  • 52 Week's Low

    52 Week's High

    ₹1,354.05
    ₹1,694.5
1 Month Return-4.11 %
3 Month Return-1.93 %
1 Year Return+ 4 %
Previous Close₹1,445.90
Open₹1,440.70
Volume36.35L
Upper Circuit-
Lower Circuit-
Market Cap₹1,12,595.85Cr

Key Statistics

P/E Ratio12.52
PEG Ratio0.64
Market Cap₹1,12,595.85 Cr
P/B Ratio1.53
EPS54.76

Mutual Fund Holdings

Funds HoldingsPrev. 6M
HDFC Top 100 Fund -Direct Plan - Growth OptionHDFC Top 100 Fund -Direct Plan - Growth Option2.55%
SBI Arbitrage Opportunities Fund Direct GrowthSBI Arbitrage Opportunities Fund Direct Growth1.61%
HDFC Large and Mid Cap Fund Direct GrowthHDFC Large and Mid Cap Fund Direct Growth2.41%
UTI Large cap Fund Growth Option - DirectUTI Large cap Fund Growth Option - Direct3.44%
ICICI Prudential India Opportunities Fund Direct GrowthICICI Prudential India Opportunities Fund Direct Growth2.09%

Company Information

IndusInd Bank Ltd is an Indian-based private sector bank established in 1994. The bank is headquartered in Mumbai, Maharashtra and offers a wide range of services, including corporate and retail banking, treasury and international banking services. It also offers a variety of financial products and services, including credit cards, debit cards, loans, mutual funds, and insurance.

IndusInd Bank Ltd is a full-service bank that offers a wide range of services, including personal banking, corporate banking, and international banking. It offers a variety of products and services, such as loans, credit cards, debit cards, mutual funds, and insurance. It also provides digital banking services such as mobile banking, internet banking, and e-commerce.

The bank has a strong presence in India, with over 1,500 branches and over 4,000 ATMs across the country. It also has a presence in the United Kingdom, Singapore, and Dubai. The bank's top products include savings accounts, current accounts, fixed deposits, term deposits, and recurring deposits. It also offers a range of popular brands, such as IndusInd Bank Platinum, IndusInd Bank Signature, and IndusInd Bank Platinum Plus.

Share Price: ₹1456.90 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,12,595.85Cr as of today
Revenue: ₹14,706.66Cr as on March 2024 (Q1 24)
Net Profit: ₹2,349.15Cr as on March 2024 (Q1 24)
Listing date: 29 Jan, 1998
Chairperson Name: Sunil Mehta
OrganisationIndusInd Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

Key events for IndusInd Bank Ltd

  • ICICI Securities Maintains Buy Recommendation for IndusInd Bank - 18 Jul, 2024

    ICICI Securities has maintained its buy recommendation for IndusInd Bank, setting a target price of ₹2,000 with a potential upside of over 38%. Despite potential MFI stress in H1FY25, the bank is expected to deliver steady RoA and RoE. Loan CAGR estimate for FY24-26 remains unchanged at 18%.

  • IndusInd Bank Accepts PC Jeweller's One-Time Settlement Proposal - 15 Jul, 2024

    IndusInd Bank has approved a one-time settlement proposal from PC Jeweller for unsettled dues. The terms include cash and equity components payable under the settlement, as well as the release of securities and mortgaged properties.

  • IndusInd Bank Receives Positive Outlook from Portfolio Manager and Analysts - 10 Jul, 2024

    Conrad Saldanha, MD and Portfolio Manager of Neuberger Berman recommends IndusInd Bank as a good business for growth while Prabhudas Lilladher expects an increase in net profit and NII.

  • IndusInd Bank Reports Strong Q1FY25 Growth - 08 Jul, 2024

    IndusInd Bank's Q1FY25 estimates show significant YoY growth, with net advances increasing by 16% YoY to Rs 3.48 lakh crore and deposits growing by 15% YoY to Rs 3.98 lakh crore. However, the CASA ratio dropped to 36.7% YoY from 39.9% YoY.

  • IndusInd Bank Reports Strong Growth in Deposits and Advances - 06 Jul, 2024

    IndusInd Bank reported strong growth in deposits and net advances for Q1 FY25, with a 15% growth in deposits and a 16% YoY increase in net advances. The bank's CASA ratio fell to 36.7%, while retail deposits and deposits from small business customers amounted to Rs 1.74 lakh crore.

  • IndusInd Bank Reports Strong Growth in Advances and Deposits - 05 Jul, 2024

    IndusInd Bank reported a strong growth in net advances and deposits for Q1FY25 with a YoY increase of 16% and 15%, respectively. The bank's NII also increased by 13.9% YoY while the gross NPA ratio declined from the same quarter last year.

  • IndusInd Bank Reports Decade Low Gross NPA - 04 Jul, 2024

    IndusInd Bank's gross non-performing assets have dropped to a decade low of 1.92% from 2.45% in FY20, while deposits rose 14% YoY to ₹3.84 lakh crore on March 31, 2024. Profit after tax grew 21% to ₹8,950 crore during the last fiscal year. The bank has focused on improving its deposit franchise, restoring asset quality and driving business growth.

  • IndusInd International Holdings Seeks Extension for Reliance Capital Takeover - 01 Jul, 2024

    Hinduja Group-owned IndusInd International Holdings has requested a 90-day extension to implement its approved resolution plan to take over Reliance Capital. The plan includes borrowing from lenders and equity infusion, but the request for an extension until July 31, 2024, has raised concerns about IIHL's commitment to the takeover.

  • IndusInd Bank Seeks Permission for Para Banking, Raises Governance Concerns - 29 Jun, 2024

    IndusInd Bank's MD and CEO has sought RBI permission to expand into para banking. Meanwhile, the bank's promoters' move to buy Indian assets directly through a Mauritius-based entity raises concerns among corporate governance experts.

  • IndusInd Bank Launches Level Up Knowledge Series for MSMEs - 28 Jun, 2024

    IndusInd Bank has launched the Level Up knowledge series to highlight the importance of MSMEs in India's economy. The bank has established 126 MSME Hubs across India, offering swift loan approvals, bespoke products, and professional guidance. Digital transformation remains a priority, enabling quick fund disbursements. IndusInd Bank is committed to fostering a sustainable and inclusive business environment for MSMEs.

  • Committee of Creditors Opposes Extension for IndusInd's Resolution Plan - 24 Jun, 2024

    The Committee of Creditors (CoC) has opposed the 90-day extension sought by IndusInd International Holdings Ltd (IIHL) to implement its resolution plan for Reliance Capital. The CoC cited concerns such as delay in implementation, inability to get regulatory approvals, last-minute changes in transaction structures, and uncertainty over IIHL's ability to tie-up funds.

  • Foreign Investors Hold on to IndusInd Bank Shares Despite Negatives - 21 Jun, 2024

    Analysts at Emkay Financial Services found that foreign investors are holding on to shares of IndusInd Bank, ICICI Bank, and Kotak Mahindra Bank despite regulatory slaps, uncertainty over top management, and deposit struggles as they believe these negatives are already priced in.

  • IndusInd Bank Receives Positive Coverage from Bernstein; Maintains Support Level - 20 Jun, 2024

    IndusInd Bank receives an Outperform rating from Bernstein due to its potential for a rate easing cycle and exposure to attractive segments. The bank also maintains its support level of Rs 1,500 and traders are advised to take a long position with a target of Rs 1,640.

  • IndusInd Bank Gains After Positive Outlook from Bernstein - 19 Jun, 2024

    Bernstein has initiated an outperform rating on IndusInd Bank, citing the bank's strong positioning for a potential rate easing cycle and high exposure to attractive segments like commercial vehicles and microfinance. The bank's stock gained 2% following the announcement, with a target price of Rs 1,800 per share.

Insights on IndusInd Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 14.36% to 16.41% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 13.22% to 13.60% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 14 quarters, 8.88K Cr → 14.70K Cr (in ₹), with an average increase of 3.8% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, INDUSINDBK stock has moved up by 4.0%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 14 quarters, 830.41 Cr → 2.34K Cr (in ₹), with an average increase of 7.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 105.8% return, outperforming this stock by 63.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 48.7% return, outperforming this stock by 44.7%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 39.01% to 37.06% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 15.11% to 15.10% in Mar 2024 quarter

IndusInd Bank Ltd Infographics

IndusInd Bank Limited July-September'24 Results: Financial Performance

Let's find out how Indusind Bank performed this quarter (Q2FY24)

  • Let's find out how Indusind Bank performed this quarter (Q2FY24)
  • Whopping ~90% of revenue comes from retail and corporate banking
  • Net profit increased by 22% on YoY basis mainly due to 18% rise in net interest income
  • Non performing assets improves by 7% from 0.57% to 0.61% YoY
  • Loans and Deposits sees a growth of 21.3% and 13.9% respectively on YoY basis
  • More than 50% of the loans were disbursed in consumer banking
  • Indusind bank's profits increased due to higher net interest income. Indusind bank is now the 5th Largest Private Bank

News

Bajaj Markets Simplifies Credit Monitoring with Free CIBIL Score Check

Pune (Maharashtra) [India], July 17: Bajaj Markets offers an easy and convenient way for individuals to monitor their credit health through a free CIBIL score c... Read more

17 Jul, 2024 11:18 AM

Bajaj Finance slapped with ₹2 cr fine by IRDAI

The IRDAI conducted an onsite inspection of Bajaj Finance Limited from March 3 to March 5, 2021, covering the fiscal years 2018 to 2020

17 Jul, 2024 12:24 PM

IRDAI imposes Rs.2 Crore penalty on Bajaj Finance for regulatory violations

NBFC asserts commitment to compliance; operations unaffected July 17, 2024 The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹2 ... Read more

17 Jul, 2024 08:32 PM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹14,706.66Cr
↑5.29%
Net Income
₹2,349.15Cr
↑2.07%
Net Profit Margin
15.97%
↓3.09%
2023Y/Y Change
Revenue
₹44,540.69Cr
↑16.70%
Net Income
₹7,443.50Cr
↑54.91%
Net Profit Margin
16.71%
↑32.72%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹4,57,804.05Cr
↑13.89%
Total Liabilities
₹4,57,804.05Cr
↑13.89%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹12,437.62Cr
↓174.93%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
15.1%
0.00
Foreign Institutions
37.05%
0.00
Mutual Funds
16.41%
0.00
Retail Investors
13.6%
0.00
Others
17.84%
0.00

Key Indicators

IndusInd Bank Ltd Valuation

IndusInd Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.58x)

March 25, 2020

Today (12.52x)

July 16, 2024

Industry (17.97x)

July 16, 2024

Highest (34.49x)

February 25, 2021

LowHigh

Earnings and Dividends

  • IndusInd Bank Ltd Earnings Results

    IndusInd Bank Ltd’s net profit jumped 14.96% since last year same period to ₹2,349.15Cr in the Q4 2023-2024. On a quarterly growth basis, IndusInd Bank Ltd has generated 2.07% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • IndusInd Bank Ltd Dividends April,2024

    In the quarter ending March 2024, IndusInd Bank Ltd has declared dividend of ₹16.50 - translating a dividend yield of 1.14%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

IndusInd Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.

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IndusInd Bank Ltd (INDUSINDBK) share price today is ₹1456.9

IndusInd Bank Ltd is listed on NSE

IndusInd Bank Ltd is listed on BSE

  • Today’s highest price of IndusInd Bank Ltd is ₹1460.85.
  • Today’s lowest price of IndusInd Bank Ltd is ₹1438.

PE Ratio of IndusInd Bank Ltd is 12.52

PE ratio = IndusInd Bank Ltd Market price per share / IndusInd Bank Ltd Earnings per share

Today’s traded volume of IndusInd Bank Ltd(INDUSINDBK) is 36.35L.

Today’s market capitalisation of IndusInd Bank Ltd(INDUSINDBK) is ₹112595.85Cr.

IndusInd Bank Ltd(INDUSINDBKPrice
52 Week High
₹1694.5
52 Week Low
₹1354.05

IndusInd Bank Ltd(INDUSINDBK) share price is ₹1456.9. It is down -14.02% from its 52 Week High price of ₹1694.5

IndusInd Bank Ltd(INDUSINDBK) share price is ₹1456.9. It is up 7.60% from its 52 Week Low price of ₹1354.05

IndusInd Bank Ltd(INDUSINDBKReturns
1 Day Returns
11%
1 Month Returns
-4.11%
3 Month Returns
-1.93%
1 Year Returns
4%