Axis Bank Ltd logo

Axis Bank Ltd

AXISBANK NSE

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]

AI Verdict: BUY Confidence: 7%

Axis Bank trades at a reasonable PE of 15.9x with strong analyst consensus (92% buy ratings) and a solid 5-year profit CAGR of ~30%. However, TTM profit decline of -6% and large contingent liabilities of Rs.29,55,132 Cr warrant monitoring.

Key Fundamentals

LargecapPrivate BankBanks
Market Cap
4.3L Cr
Volatility
Moderate
P/E Ratio
16.2
EBITDA
₹0.00 Cr
Return on Equity
16.77%
Debt to Equity
0
Book Value
₹686.66
EPS
₹86.46
52W High
₹1,418.3
52W Low
₹1,042.5

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 73.9 days to 43.9 days

Weaknesses

5
  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.14%
  • Contingent liabilities of Rs.29,55,132 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.29,674 Cr.

Growth Rate

Revenue Growth
-14.99% ↘
Net Income Growth
-5.76% ↘
Cash Flow Change
899.03% ↗
ROE
-10.79% ↘
ROCE
2.20% ↗
EBITDA Margin (Avg.)
-32.70% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
BUY
Risk medium

Axis Bank trades at a reasonable PE of 15.9x with strong analyst consensus (92% buy ratings) and a solid 5-year profit CAGR of ~30%. However, TTM profit decline of -6% and large contingent liabilities of Rs.29,55,132 Cr warrant monitoring.

Bull Case 8
  • Overwhelming analyst consensus with 92.11% buy ratings (35 out of 38 analysts) and zero sell recommendations
  • Attractive valuation at PE of 15.9x, below the private banking sector average, with price-to-book of 1.98x
  • Strong 5-year compounded profit growth of 30% CAGR demonstrating consistent earnings expansion
  • Healthy 3-year ROE of 16% indicating efficient capital utilization for shareholders
  • Improving operational efficiency with working capital days reduced from 73.9 days to 43.9 days
  • Consistent stock CAGR of 13% over 5 years and 10% over 10 years showing sustained wealth creation
  • Solid 5-year compounded sales growth of 16% reflecting strong loan book expansion
  • Market cap of Rs.4,22,899 Cr provides large-cap stability and index inclusion benefits
Bear Case 8
  • TTM compounded profit growth has turned negative at -6%, signaling near-term earnings pressure
  • Massive contingent liabilities of Rs.29,55,132 Cr pose a material tail risk to the balance sheet
  • Promoter holding is critically low at just 8.14%, raising governance and alignment concerns
  • Low interest coverage ratio suggests vulnerability to rising interest rate cycles or asset quality stress
  • Other income of Rs.29,674 Cr forms a significant portion of earnings, questioning core operating profit quality
  • TTM sales growth has decelerated sharply to 4% from 15% three-year CAGR, indicating slowing revenue momentum
  • ROE has declined from 16% (3-year) to 13% (last year), showing deteriorating return profile
  • Potential interest cost capitalization may be flattering reported profitability metrics

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • $800M dual-tranche notes priced Jun 23

    Axis Bank priced USD 500M AT1 notes at 6.875% and USD 300M Senior Notes at 5.348%, settling June 30, 2026, strengthening capital buffers.

  • Stake in Axis Max Life raised Jun 1

    Axis Bank invested ₹380.60 crore to increase its stake in Axis Max Life Insurance from 19.02% to 19.99% post RBI approval, with the insurer reporting ₹38,877 crore gross written premium in FY26.

  • Stock outperforms market significantly Jun 11

    Axis Bank rose 1.62% for a third straight session, gaining 6.01% in one month vs Nifty Bank's 3.63%, and 10.13% in one year vs Nifty's 6.49% decline. PE ratio stands at 16.72 on TTM basis.

Neutral 5
  • Heavy institutional block trades Jun 24

    Multiple block trades recorded between May 27 and Jun 24, including ₹230 crore across three trades on Jun 5 and ₹223 crore on May 27, reflecting sustained institutional participation.

  • Global investor roadshow in London Jun 23

    Axis Bank held investor meets in London on Jun 10-11 and Jun 22-23 at Jefferies India Access Day, J.P. Morgan Asia Pacific Forum, and IIFL Invest India Conference, engaging 14+ global institutional investors.

  • Q1 board meeting scheduled Jul 18 Jun 19

    Axis Bank scheduled a board meeting on July 18 to consider Q1 FY27 financial results, a routine quarterly governance exercise.

  • Multiple domestic investor meets Jun 5

    Axis Bank held analyst meets in Mumbai at Citi India Conference (Jun 5), ICICI Securities Conference (Jun 8), and Morgan Stanley India Forum (Jun 3), engaging institutional investors.

  • LIC confirms no share encumbrance Jun 6

    LIC declared no new encumbrance on its Axis Bank shares for FY26 in a disclosure to NSE and BSE under SEBI regulations.

TL;DR: Axis Bank is in a strong position with no identifiable headwinds in recent news. The $800M capital raise and strategic insurance stake increase signal proactive balance sheet strengthening, while the stock's 10.13% annual return significantly outperforms benchmarks. Heavy institutional block trades and an aggressive global investor engagement calendar reflect strong institutional interest. With Q1 results due July 18, the near-term trajectory depends on asset quality and loan growth delivery.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
24,630
26,246
27,418
28,865
30,231
31,159
31,601
32,162
32,452
32,348
32,310
33,709
34,171
Expenses
8,101
9,731
10,059
10,506
11,124
11,892
12,412
11,913
11,943
13,983
14,302
12,743
14,816
Financing Profit
3,948
2,543
2,609
2,416
2,379
2,006
1,575
2,210
2,389
127
36
2,181
275
Fin. Margin %
16%
10%
10%
8%
8%
6%
5%
7%
7%
0%
0%
6%
1%
Other Income
-7,101
5,648
5,705
6,272
7,606
6,637
7,603
6,797
7,506
8,053
7,460
7,189
6,972
Interest
12,580
13,972
14,749
15,943
16,727
17,261
17,615
18,040
18,121
18,239
17,971
18,785
19,080
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
-3,153
8,192
8,314
8,688
9,985
8,643
9,177
9,007
9,895
8,180
7,496
9,371
7,247
Tax %
70%
26%
25%
25%
24%
25%
19%
25%
24%
23%
26%
25%
-5%
Net Profit
-5,334
6,113
6,230
6,520
7,630
6,467
7,436
6,779
7,509
6,279
5,567
7,060
7,642
EPS in Rs
-17.43
19.78
20.13
21.05
24.62
20.83
23.93
21.78
24.13
20.13
17.82
22.58
24.46
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
35,727
41,409
45,175
46,614
56,044
63,716
64,397
68,846
87,448
1,12,759
1,27,374
1,32,538
Expenses
11,521
13,869
24,327
29,717
28,020
35,976
32,621
31,216
31,001
40,036
46,395
55,843
Financing Profit
2,865
3,196
-5,941
-10,706
-5,860
-10,256
-2,851
2,707
13,058
11,333
9,943
2,620
Fin. Margin %
8%
8%
-13%
-23%
-10%
-16%
-4%
4%
15%
10%
8%
2%
Other Income
8,838
9,955
12,422
11,863
14,189
16,342
13,577
17,268
18,706
25,230
28,543
29,674
Interest
21,341
24,344
26,789
27,604
33,883
37,996
34,627
34,923
43,389
61,391
71,036
74,075
Depreciation
420
461
527
591
737
806
976
1,046
13,143
1,385
1,763
0
PBT
11,283
12,690
5,954
566
7,592
5,280
9,750
18,929
18,621
35,178
36,722
32,293
Tax %
34%
34%
33%
18%
34%
64%
26%
25%
42%
25%
23%
18%
Net Profit
7,450
8,358
3,967
464
5,047
1,879
7,252
14,207
10,919
26,492
28,191
26,548
EPS in Rs
31.42
35.04
16.51
1.78
19.59
6.57
23.49
45.99
35.16
85.49
90.58
84.89
Div. Payout %
15%
14%
30%
0%
5%
0%
0%
2%
3%
1%
1%
1%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
474
477
479
513
514
564
613
614
615
617
619
622
Reserves
44,475
53,082
55,901
63,694
67,288
85,776
1,02,981
1,17,647
1,29,166
1,56,406
1,86,616
2,12,957
Borrowing
84,394
1,13,848
1,12,455
1,55,767
1,61,250
1,55,180
1,52,249
1,99,778
2,06,214
2,28,200
2,20,687
2,80,511
Deposits
3,22,244
3,58,302
4,14,983
4,55,658
5,50,746
6,42,157
6,98,303
8,21,165
9,45,825
10,67,102
11,70,921
13,33,791
Other Liabilities
15,656
20,678
27,644
28,071
34,248
44,194
46,859
56,576
62,598
65,913
78,119
1,18,169
Total Liabilities
4,67,243
5,46,387
6,11,462
7,03,703
8,14,046
9,27,872
10,01,005
11,95,779
13,44,418
15,18,239
16,56,963
19,46,050
Fixed Assets
2,447
3,358
3,518
3,697
3,842
3,912
4,501
4,753
5,000
5,860
6,661
6,756
CWIP
105
216
292
352
288
483
118
215
142
267
121
0
Investments
1,18,527
1,31,399
1,29,018
1,53,037
1,74,056
1,55,282
2,25,336
2,74,608
2,88,095
3,32,354
3,96,685
4,46,422
Other Assets
3,46,164
4,11,414
4,78,633
5,46,618
6,35,860
7,68,196
7,71,050
9,16,203
10,51,181
11,79,758
12,53,496
14,92,872
Total Assets
4,67,243
5,46,387
6,11,462
7,03,703
8,14,046
9,27,872
10,01,005
11,95,779
13,44,418
15,18,239
16,56,963
19,46,050
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-15,162
-34,495
32,209
-38,390
37,125
30,416
12,633
28,137
22,075
-5,555
44,384
-8,637
Investing
-7,972
9,211
-12,458
-10,007
-18,674
-9,485
-54,288
-27,112
-32,351
-9,001
-51,178
-45,917
Financing
31,045
22,495
-2,487
41,342
5,643
8,865
7,279
47,894
6,641
22,341
-7,000
60,358
Net Cash Flow
7,910
-2,789
17,263
-7,055
24,094
29,795
-34,375
48,919
-3,636
7,785
-13,794
5,804
Free Cash Flow
-15,691
-35,970
31,441
-39,233
36,300
29,339
11,708
26,736
20,697
-7,931
41,951
-10,797
CFO/OP
-63
-109
180
-208
144
121
46
87
51
2
65
-2
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
18%
17%
7%
1%
8%
2%
8%
13%
9%
18%
16%
13%

Shareholding Pattern

As of Mar 2026
DIIs 43.36%
FIIs 42.05%
Promoters 8.14%
Public 5.12%
Others 1.33%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
13.58%
11.69%
11.64%
9.71%
9.70%
9.70%
9.69%
8.19%
8.16%
8.19%
8.22%
8.20%
8.22%
8.31%
8.29%
8.23%
8.18%
8.17%
8.16%
8.15%
8.14%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
53.00%
0.00%
53.84%
53.43%
51.78%
47.32%
43.94%
43.81%
41.89%
42.57%
42.05%
DIIs
19.66%
20.45%
21.47%
25.44%
25.62%
26.26%
29.42%
31.51%
32.00%
29.91%
29.02%
26.06%
30.13%
31.63%
33.21%
37.48%
40.88%
41.21%
42.88%
42.65%
43.36%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
4.84%
4.95%
4.96%
5.82%
5.72%
6.08%
5.85%
5.73%
5.91%
5.69%
5.58%
5.39%
5.13%
5.12%
5.19%
5.39%
5.45%
5.22%
5.51%
5.21%
5.12%
Others
61.92%
62.91%
61.93%
59.03%
58.97%
57.96%
55.03%
54.56%
53.93%
56.21%
4.18%
60.35%
2.68%
1.52%
1.53%
1.58%
1.55%
1.60%
1.56%
1.41%
1.33%
No. of Shareholders
0
6,20,618
6,23,618
6,17,836
8,52,514
8,13,530
9,16,563
8,50,806
8,46,261
8,01,209
7,85,601
7,85,502
7,86,166
7,69,651
8,28,629
8,99,949
9,35,453
8,85,725
9,18,780
8,63,758
8,54,844

Documents

1
Concall - Jan 2018 Jan 2018
2
Concall - Jul 2018 Jul 2018
3
Concall - Mar 2019 Mar 2019
4
Concall - May 2021 May 2021
5
Concall - Jun 2021 Jun 2021

Frequently Asked Questions about Axis Bank Ltd

What does Axis Bank Ltd do?
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, Dha...
Where is Axis Bank Ltd (AXISBANK) listed?
Axis Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: AXISBANK and BSE: 532215. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Axis Bank Ltd belong to?
Axis Bank Ltd operates in the Financial Services sector within the Banks industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Axis Bank Ltd?
Axis Bank Ltd has a market capitalisation of approximately ₹432625.82 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Axis Bank Ltd?
The Price-to-Earnings (PE) ratio of Axis Bank Ltd is 16.20. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Axis Bank Ltd?
Over the past 52 weeks, Axis Bank Ltd has traded between a low of ₹1,042.5 and a high of ₹1,418.3. This range helps investors understand the stock's price volatility and recent trading levels.
Does Axis Bank Ltd pay dividends?
Yes, Axis Bank Ltd has a dividend yield of 0.07%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Axis Bank Ltd?
Axis Bank Ltd has a Return on Equity (ROE) of 16.77%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Axis Bank Ltd on Tapetide?
On Tapetide, you can view Axis Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website axisbank.com
CEO Mr. Amitabh Chaudhry
Employees 1,04,453
Listed 1998-11-16
Face Value ₹ 2
Issued Size 3,10,50,81,431

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List