MarketFriction

Axis Bank Ltd

NSE AXISBANK · BSE 532215 · Private Sector Bank
₹1,217.10 -0.73%
NSE close2026-10-01
52 week range1,125.40 - 1,418.30
Market cap₹3,77,396 Cr.
P/E13.6
Results 17-10 Nifty 50Nifty 100Nifty 200Nifty 500Nifty BankNifty Private BankNifty Financial Services No price band Delivery 60.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue27,41828,86530,23131,15931,60132,16232,45232,34832,31033,70934,17135,542
Interest14,74915,94316,72717,26117,61518,04018,12118,23917,97118,78519,08020,215
Expenses10,05910,50611,12411,89212,41211,91311,94313,98314,30212,74314,81612,837
Financing Profit2,6092,4162,3792,0061,5752,2102,389127362,1812752,490
Financing Margin %10%8%8%6%5%7%7%0%0%6%1%7%
Other Income5,7056,2727,6066,6377,6036,7977,5068,0537,4607,1896,9727,671
Depreciation000000000000
Profit before tax8,3148,6889,9858,6439,1779,0079,8958,1807,4969,3717,24710,161
Tax %25%25%24%25%19%25%24%23%26%25%-5%25%
Net Profit6,2306,5207,6306,4677,4366,7797,5096,2795,5677,0607,6427,670
EPS in Rs20.1321.0524.6220.8323.9321.7824.1320.1317.8222.5824.4624.54
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue41,40945,17546,61456,04463,71664,39768,84687,448112,759127,374132,538135,732
Interest24,34426,78927,60433,88337,99634,62734,92343,38961,39171,03674,07576,051
Expenses13,86924,32729,71728,02035,97632,62131,21630,64440,03646,39553,95454,698
Financing Profit3,196-5,941-10,706-5,860-10,256-2,8512,70713,41611,3339,9434,5094,983
Financing Margin %8%-13%-23%-10%-16%-4%4%15%10%8%3%4%
Other Income9,95512,42211,86314,18916,34213,57717,26818,34925,23028,54329,67429,292
Depreciation4615275917378069761,04613,1431,3851,7631,8890
Profit before tax12,6905,9545667,5925,2809,75018,92918,62135,17836,72232,29334,275
Tax %34%33%18%34%64%26%25%42%25%23%18%
Net Profit8,3583,9674645,0471,8797,25214,20710,91926,49228,19126,54827,939
EPS in Rs35.0416.511.7819.596.5723.4945.9935.1685.4990.5884.8989.40
Dividend Payout %14%30%0%5%0%0%2%3%1%1%1%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%16%15%6%
Compounded Profit Growth12%30%35%0%
Stock Price CAGR8%10%5%7%
Return on Equity11%14%16%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital474477479513514564613614615617619622
Reserves44,47553,08255,90163,69467,28885,776102,981117,647129,166156,406186,616214,414
Deposits322,244358,302414,983455,658550,746642,157698,303820,914945,8251,067,1021,170,9211,333,791
Borrowing84,394113,848112,455155,767161,250155,180152,249199,778206,214228,200220,687280,511
Other Liabilities15,65620,67827,64428,07134,24844,19446,85956,57662,59865,91378,119116,713
Total Liabilities467,243546,387611,462703,703814,046927,8721,001,0051,195,5291,344,4181,518,2391,656,9631,946,050
Fixed Assets2,4473,3583,5183,6973,8423,9124,5014,7535,0005,8606,6616,776
CWIP105216292352288483118215142267121269
Investments118,527131,399129,018153,037174,056155,282225,336274,608288,095332,354396,685446,422
Other Assets346,164411,414478,633546,618635,860768,196771,050915,9521,051,1811,179,7581,253,4961,492,583
Total Assets467,243546,387611,462703,703814,046927,8721,001,0051,195,5291,344,4181,518,2391,656,9631,946,050
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-15,162-34,49532,209-38,39037,12530,41612,63328,13722,075-5,55544,384-8,637
Cash from Investing Activity-7,9729,211-12,458-10,007-18,674-9,485-54,288-27,112-32,351-9,001-51,178-45,068
Cash from Financing Activity31,04522,495-2,48741,3425,6438,8657,27947,8946,64122,341-7,00060,358
Net Cash Flow7,910-2,78917,263-7,05524,09429,795-34,37548,919-3,6367,785-13,7946,653
Free Cash Flow-15,691-35,97031,441-39,23336,30029,33911,70826,73620,697-7,93141,951-10,797
CFO/OP-63%-109%180%-208%144%121%46%87%51%2%65%-2%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters8.22%8.20%8.22%8.31%8.29%8.23%8.18%8.17%8.16%8.15%8.14%7.87%
FIIs53.00%54.68%53.84%53.43%51.78%47.32%43.94%43.81%41.89%42.58%42.04%39.91%
DIIs29.03%28.83%30.12%31.63%33.21%37.48%40.87%41.22%42.87%42.65%43.35%42.69%
Public9.76%8.27%7.81%6.63%6.71%6.97%6.99%6.80%7.06%6.61%6.44%9.52%
No. of Shareholders7,85,6017,85,5027,86,1667,69,6518,28,6298,99,9499,35,4538,85,7259,18,7808,63,7588,54,8448,36,818

Fundamentals

Market Cap₹ 3,77,396 Cr.
Current Price₹ 1,212
Stock P/E13.6
Book Value₹ 712
ROCE6.24 %
ROE13.1 %
Dividend Yield0.08 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)0%
Consolidated figures.
Valuation
Market capRs 378,296 Cr
Enterprise valueRs 1,913,970 Cr
P/E (TTM)13.62x
Price to book1.76x
Price to sales2.79x
EV / EBITDA17.06x
EV / EBIT17.35x
EV / sales14.10x
Earnings yield7.34%
Dividend yield0.08%
P/E, 3-year average12.70x
P/B, 3-year average1.85x
P/E, 5-year average15.81x
P/B, 5-year average1.91x
Profitability
Operating margin (excl. other income)59.29%
Operating margin (incl. other income)81.68%
EBITDA margin82.67%
Pre-tax margin25.25%
Net profit margin20.46%
Net margin, latest quarter21.47%
ROE13.12%
ROCE6.24%
ROA1.46%
ROE, 3-year average15.94%
ROCE, 3-year average6.81%
ROA, 3-year average1.69%
ROE, 5-year average13.85%
ROCE, 5-year average6.14%
ROA, 5-year average1.44%
ROIC (approx.)5.17%
Tax rate17.96%
Other income / net worth13.80%
Growth
Sales growth (latest year)4.05%
Profit growth (latest year)-5.95%
Sales CAGR, 3 years14.87%
Sales CAGR, 5 years15.53%
Profit CAGR, 3 years34.61%
Profit CAGR, 5 years29.68%
Sales growth QoQ4.01%
Profit growth QoQ0.39%
Sales growth YoY (latest quarter)9.87%
Profit growth YoY (latest quarter)22.24%
Per share
EPS (TTM)Rs 89.36
EPS (latest year)Rs 84.89
EPS (latest quarter)Rs 24.56
EPS, 3-year averageRs 86.98
EPS, 5-year averageRs 68.42
Book value per shareRs 691.84
Sales per shareRs 436.69
Cash flow per shareRs -27.79
Free cash flow per shareRs -34.74
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout1.18%
Dividend payout, 3-year average1.15%
Dividend payout, 5-year average1.69%
Efficiency
Asset turnover0.07x
Fixed asset turnover19.56x
Leverage
Total debtRs 1,614,302 Cr
Cash and bankRs 78,627 Cr
Net debtRs 1,535,675 Cr
Debt to equity7.51x
Net debt / EBITDA13.69x
Interest coverage1.45x
Owners' fund to total sources11.05%
Debt to assets82.95%
Cash flow
Cash from Operating Activity (latest year)Rs -8,637 Cr
Cash from Investing Activity (latest year)Rs -45,068 Cr
Cash from Financing Activity (latest year)Rs 60,358 Cr
Net Cash Flow (latest year)Rs 6,653 Cr
Free cash flow (latest year)Rs -10,797 Cr
FCFE (approx.: FCF + change in debt)Rs 211,897 Cr
Cash from ops / profit, 5 years0.76x
Statement figures
Net sales (TTM)Rs 135,732 Cr
Net sales (latest year)Rs 132,538 Cr
Sales (latest quarter)Rs 35,542 Cr
Operating profit excl. other income (latest year)Rs 78,584 Cr
Operating profit (latest quarter)Rs 22,705 Cr
Other income (TTM)Rs 29,292 Cr
EBITDA (TTM)Rs 112,216 Cr
PBDT (TTM)Rs 36,164 Cr
Profit before tax (TTM)Rs 34,275 Cr
Tax (latest year)Rs 5,800 Cr
Net profit (TTM)Rs 27,773 Cr
Net profit (latest year)Rs 26,385 Cr
Net profit (latest quarter)Rs 7,632 Cr
Depreciation (TTM)Rs 1,889 Cr
Interest (TTM)Rs 76,051 Cr
Cost of goods sold (latest year)Rs 2,714 Cr
Total expenditure (latest year)Rs 53,954 Cr
Total income (latest year)Rs 162,212 Cr
Share capitalRs 622 Cr
ReservesRs 214,414 Cr
Shareholders' fundsRs 215,035 Cr
Total assetsRs 1,946,050 Cr
Net blockRs 6,776 Cr
Capital work in progressRs 269 Cr
InvestmentsRs 446,422 Cr
Other liabilitiesRs 116,713 Cr
Shares outstanding (crore)310.82
Ownership
Promoter holding7.87% (-0.30 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.6 is at the 11th percentile of its own 8.7-year range (median 29.8, low 11.2, high 397.1).
P/B 1.76 is at the 5th percentile (median 2.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAXISBANKNifty 50Difference
1 week+2.6%-2.8% +5.4 pts
1 month-3.3%-6.8% +3.5 pts
3 months-9.3%-7.6% -1.7 pts
6 months+4.8%+0.4% +4.4 pts
1 year+4.3%-9.9% +14.2 pts
2 years-2.4%-13.6% +11.2 pts
3 years+17.4%+14.2% +3.2 pts
5 years+58.4%+27.9% +30.6 pts
609 mutual fund schemes hold about ₹111,729 Cr. Over three months 329 bought more and 95 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Flexi Cap Fund6.19%7,034 -0%
Parag Parikh Flexi Cap Fund2.97%4,377 +4%
ICICI Pru Large Cap Fund4.08%3,271 +6%
Nippon India Multi Cap Fund5.14%2,891 +19%
HDFC Balanced Advantage Fund2.68%2,876 +13%
Nippon India Large Cap Fund5.29%2,862 +15%
Kotak Arbitrage Fund(M3.51%2,658 +133%
ICICI Pru Multi Asset Allocation Fund2.38%2,089 +12%
Kotak Flexi Cap Fund3.69%2,080 +5%
Kotak Flexi Cap Fund3.69%2,070 +5%
ICICI Pru India Opp Fund5.16%1,979 +6%
HDFC Focused Fund6.92%1,950 +3%
SBI Large Cap Fundd3.24%1,788 +6%
ICICI Pru Value Fund2.96%1,780 +7%
Mirae Asset Large & Midcap Fund3.44%1,574 +31%
ICICI Pru Balanced Advantage Fund(M1.98%1,493 +20%
Mirae Asset Large Cap Fund3.71%1,439 +15%
SBI Large & Midcap Fund3.38%1,430 +3%
HDFC Large Cap Fund3.49%1,393 +4%
DSP ELSS Tax Saver Fund7.89%1,315 +10%
ICICI Pru Arbitrage Fund3.58%1,246 +216%
SBI Arbitrage Fund2.41%1,138 +89%
ICICI Pru Focused Fund6.25%1,122 +9%
DSP Large & Mid Cap Fund5.86%1,078 +4%
HDFC ELSS-Tax Saver Fund6.50%1,040 -6%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 37% of net profit over the last 3 years
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 92% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-03-28Shivani SuriEmployees/Designated Employeother3,000Rs 0.24 CrESOP
2022-03-28Vivek V ShindeEmployees/Designated Employeother900Rs 0.05 CrESOP
2022-03-28Akshay Kumar PandaEmployees/Designated Employeother13,000Rs 0.76 CrESOP
2022-03-28Ashish Kumar ShahEmployees/Designated Employeother500Rs 0.03 CrESOP
2022-03-21Rudrapriyo RayEmployees/Designated Employesell1,000Rs 0.07 CrMarket Sale
2022-03-21Ananth babuEmployees/Designated Employesell500Rs 0.04 CrMarket Sale
2022-03-21Saugata BhattacharyaEmployees/Designated Employeother6,400Rs 0.34 CrESOP
2022-03-21Anil AgarwalEmployees/Designated Employesell4,500Rs 0.33 CrMarket Sale
2022-03-21Ashish Kumar SinghEmployees/Designated Employeother5,600Rs 0.34 CrESOP
2022-03-21Arun Chandrasekharan NairEmployees/Designated Employeother3,600Rs 0.20 CrESOP
2022-03-21Vikas Ramchandra ShindeEmployees/Designated Employeother2,400Rs 0.14 CrESOP
2022-03-17Ashish Kumar SinghEmployees/Designated Employesell1,800Rs 0.13 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹35,542 Cr +9.9% vs Jun 2025. Net profit ₹7,670 Cr +22.2%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
HDFC Bank Ltd1,114,30214.17.02 %
ICICI Bank Ltd927,63816.57.18 %
Kotak Mahindra Bank Ltd403,87520.26.98 %
IDBI Bank Ltd89,5899.615.92 %
Federal Bank Ltd79,17316.96.39 %
IDFC First Bank Ltd68,51730.55.98 %
IndusInd Bank Ltd68,40951.75.68 %
Yes Bank Ltd65,00517.25.98 %
RBL Bank Ltd62,37671.25.77 %
Karur Vysya Bank Ltd30,75111.27.62 %
Bandhan Bank Ltd29,85622.16.41 %
City Union Bank Ltd21,29315.26.74 %
Jammu and Kashmir Bank Ltd15,3726.675.84 %
Tamilnad Mercantile Bank Ltd13,6749.477.51 %
South Indian Bank Ltd12,7608.456.42 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Re 1 Per Share
2025-07-04Dividend - Re 1 Per Sh
2024-07-12Dividend - Re 1 Per Share
2023-07-07Dividend - Re 1 Per Share
2022-07-07Dividend - Rs 1 Per Share
2019-07-04 Annual General Meeting/ Dividend - Re 1 Per Share
2018-05-31 Annual General Meeting
2017-07-06 Annual General Meeting/Dividend - Rs 5/- Per Share
2016-07-07 Annual General Meeting/ Dividend-Rs 5/- Per Share
2015-07-09Annual General Meeting/Dividend Rs 4.60/- Per Share
2014-07-28Face Value Split From Rs 10/- To Rs 2/- Per Share0.2000
2014-06-12Annual General Meeting / Dividend Rs.20/- Per Equity Share
2013-07-05Annual General Meeting / Dividend Rs.18/- Per Equity Share
2012-06-14Annual General Meeting And Dividend Rs.16/- Per Share
2011-06-08Annual General Meeting And Dividend Rs.14/- Per Share
2010-05-20Agm/Div-Rs.12/- Per Share
2009-05-14Agm/Dividend - 100%
2008-05-22Agm/Dividend - 60%
2007-05-17Agm/Dividend-45%
2006-05-16Agm/Dividend-35%
DateTypeWhat it says
2026-09-30Shareholder meetingNotice of Postal Ballot
2026-09-29ESOPAllotment of 116086 Shares.
2026-09-28General UpdatesGeneral Updates
2026-09-24Concall / analyst meetPresentation
2026-09-23Concall / analyst meetPresentation
2026-09-23AppointmentAppointment of Mr Arvind Subramanian as Non- Executive Independent Director of the company w.e.f. September 23, 2026.
2026-09-22ESOPAllotment of 79227 Shares.
2026-09-22Concall / analyst meetPresentation
2026-09-18Concall / analyst meetPresentation
2026-09-17Concall / analyst meetPresentation
2026-09-16ESOPAllotment of 68291 Shares.
2026-09-16Concall / analyst meetSchedule of analysts/institutional investors meet
2026-09-11Concall / analyst meetSchedule of meet
2026-09-10Concall / analyst meetPresentation
2026-09-09Concall / analyst meetPresentation
2026-09-08Concall / analyst meetPresentation
2026-09-08ESOPAllotment of 180899 Shares.
2026-09-07Concall / analyst meetSchedule of meet
2026-09-03Concall / analyst meetSchedule of meet
2026-09-02Concall / analyst meetPresentation
2026-09-01ESOPAllotment of 162407 Shares.
2026-09-01Concall / analyst meetPresentation
2026-09-01General UpdatesGeneral Updates
2026-08-31Concall / analyst meetPresentation
2026-08-26Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.78
Max pain (expiry 2026-10-27)1,220
Largest call open interest at1,220
Largest put open interest at1,200
Implied volatility, at the money24.5%
Underlying at snapshot1,217.10
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30693
2026-09-293,463
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-20NCLTAxis Bank Ltd Vs Lotus Shopping Centres Pvt. Ltd.
2021-08-06NCLTAxis Bank Ltd Vs Lanco Kondapalli Power Ltd Vs
2021-07-30NCLTAxis Bank Ltd Vs GVK Power (Goindwal Sahib) Ltd Vs
2021-07-27NCLTAxis Bank Ltd. Vs BSR Diagnostic Ltd.
2021-07-16NCLTAxis Bank Ltd Vs Sembmarine Kakinada Ltd
2021-07-02NCLTAxis Bank Ltd Vs Ratna Infrastructure Projects Pvt Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03