Price
Financials
Standalone, Rs crore| Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,061 | 1,171 | 1,198 | 1,239 | 1,254 | 1,309 | 1,317 | 1,273 | 1,306 | 1,400 | 1,435 | 1,488 |
| Expenses | 352 | 323 | 316 | 351 | 373 | 411 | 367 | 379 | 424 | 477 | 456 | 479 |
| Operating Profit | 709 | 848 | 881 | 888 | 880 | 898 | 951 | 894 | 882 | 922 | 980 | 1,009 |
| OPM % | 67% | 72% | 74% | 72% | 70% | 69% | 72% | 70% | 68% | 66% | 68% | 68% |
| Other Income | 197 | 171 | 169 | 187 | 200 | 244 | 185 | 215 | 162 | 228 | 229 | 206 |
| Interest | 742 | 828 | 829 | 836 | 830 | 883 | 877 | 857 | 835 | 937 | 939 | 996 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 164 | 191 | 221 | 239 | 251 | 259 | 258 | 251 | 209 | 213 | 270 | 219 |
| Tax % | 22% | 32% | 32% | 32% | 32% | 32% | 32% | 33% | 34% | 33% | 33% | 33% |
| Net Profit | 127 | 130 | 150 | 162 | 170 | 175 | 176 | 167 | 139 | 143 | 180 | 146 |
| EPS in Rs | 8.49 | 8.66 | 9.93 | 10.59 | 10.99 | 11.18 | 9.41 | 8.90 | 7.38 | 7.57 | 9.47 | 7.62 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,222 | 1,268 | 1,680 | 2,240 | 2,233 | 2,694 | 3,857 | 4,862 | 5,205 | 5,629 |
| Expenses | 616 | 608 | 642 | 871 | 1,069 | 1,130 | 1,174 | 1,313 | 1,586 | 1,836 |
| Operating Profit | 607 | 660 | 1,039 | 1,369 | 1,164 | 1,564 | 2,682 | 3,548 | 3,620 | 3,793 |
| OPM % | 50% | 52% | 62% | 61% | 52% | 58% | 70% | 73% | 70% | 67% |
| Other Income | 198 | 331 | 437 | 560 | 651 | 655 | 670 | 727 | 867 | 824 |
| Interest | 741 | 822 | 1,182 | 1,590 | 1,403 | 1,688 | 2,648 | 3,323 | 3,452 | 3,706 |
| Depreciation | 41 | 41 | 42 | 44 | 41 | 48 | 50 | 51 | 57 | 0 |
| Profit before tax | 21 | 128 | 251 | 295 | 371 | 484 | 654 | 901 | 978 | 911 |
| Tax % | 58% | 30% | 38% | 36% | 35% | 34% | 30% | 32% | 33% | |
| Net Profit | 9 | 89 | 157 | 189 | 242 | 319 | 456 | 613 | 658 | 608 |
| EPS in Rs | 9.78 | 15.31 | 18.40 | 20.18 | 26.33 | 30.40 | 39.57 | 34.92 | 32.04 | |
| Dividend Payout % | 0% | 7% | 10% | 11% | 12% | 11% | 13% | 14% | 17% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 18% | 25% | 9% | ||
| Compounded Profit Growth | % | 29% | 29% | -6% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 13% | 13% | 11% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 91 | 91 | 102 | 103 | 120 | 121 | 150 | 155 | 189 |
| Reserves | 929 | 1,012 | 1,433 | 1,600 | 2,211 | 2,503 | 3,830 | 4,472 | 6,883 |
| Borrowings | 14,443 | 16,262 | 21,707 | 28,075 | 29,537 | 34,341 | 40,892 | 47,845 | 50,885 |
| Other Liabilities | 1,304 | 1,921 | 2,297 | 2,086 | 2,013 | 2,049 | 2,112 | 2,364 | 2,457 |
| Total Liabilities | 16,767 | 19,286 | 25,540 | 31,864 | 33,880 | 39,014 | 46,984 | 54,836 | 60,413 |
| Fixed Assets | 293 | 287 | 278 | 285 | 288 | 489 | 490 | 484 | 506 |
| CWIP | 112 | 109 | 122 | 152 | 208 | 14 | 11 | 16 | 19 |
| Investments | 4,372 | 4,528 | 6,293 | 10,496 | 10,473 | 11,058 | 12,716 | 18,278 | 16,721 |
| Other Assets | 11,989 | 14,363 | 18,847 | 20,931 | 22,911 | 27,453 | 33,767 | 36,059 | 43,168 |
| Total Assets | 16,767 | 19,286 | 25,540 | 31,864 | 33,880 | 39,014 | 46,984 | 54,836 | 60,413 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -203 | 308 | 1,292 | -2,250 | -38 | -924 | -1,721 | -1,216 | -1,930 |
| Cash from Investing Activity | -74 | -18 | 98 | -75 | -100 | -43 | -48 | -50 | -82 |
| Cash from Financing Activity | 286 | 178 | 202 | 1,422 | 883 | 461 | 2,477 | 869 | 5,005 |
| Net Cash Flow | 9 | 468 | 1,593 | -904 | 745 | -506 | 709 | -397 | 2,993 |
| Free Cash Flow | -341 | 285 | 1,386 | -2,326 | -138 | -967 | -1,768 | -1,266 | -2,013 |
| CFO/OP | -31% | 54% | 132% | -158% | 9% | -46% | -55% | -26% | -44% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -116 | -138 | -79 | 48 | 10 | -72 | 77 | -11 | 102 |
| ROCE % | 6% | 7% | 7% | 6% | 6% | 8% | 9% | 8% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 1,027
Book Value₹ 375
ROCE8.02 %
ROE11.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-6%
Standalone figures.
Valuation
Market capRs 15,903 Cr
Enterprise valueRs 61,804 Cr
P/E (TTM)26.14x
Price to book3.44x
Price to sales2.83x
EV / EBITDA13.24x
EV / EBIT13.39x
EV / sales10.98x
Earnings yield3.83%
Dividend yield0.54%
P/E, 3-year average12.65x
P/B, 3-year average1.56x
P/E, 5-year average11.72x
P/B, 5-year average1.38x
Profitability
Operating margin (excl. other income)72.99%
Operating margin (incl. other income)87.94%
EBITDA margin82.93%
Pre-tax margin16.19%
Net profit margin10.81%
Net margin, latest quarter9.79%
ROE14.24%
ROCE8.68%
ROA1.20%
ROE, 3-year average13.64%
ROCE, 3-year average7.69%
ROA, 3-year average1.05%
ROE, 5-year average12.92%
ROCE, 5-year average7.18%
ROA, 5-year average0.91%
ROIC (approx.)6.22%
Tax rate31.99%
Other income / net worth15.71%
Growth
Sales growth (latest year)26.05%
Profit growth (latest year)34.33%
Sales CAGR, 3 years29.61%
Sales CAGR, 5 years23.67%
Profit CAGR, 3 years36.27%
Profit CAGR, 5 years31.32%
Sales growth QoQ3.65%
Profit growth QoQ-19.12%
Sales growth YoY (latest quarter)16.84%
Profit growth YoY (latest quarter)-12.94%
Per share
EPS (TTM)Rs 39.28
EPS (latest year)Rs 39.58
EPS (latest quarter)Rs 9.41
EPS, 3-year averageRs 32.11
EPS, 5-year averageRs 26.98
Book value per shareRs 298.79
Sales per shareRs 363.50
Cash flow per shareRs -78.50
Free cash flow per shareRs -129.99
Dividend per share (latest year)Rs 5.50
Dividend per share, 3-year averageRs 4.17
Dividend per share, 5-year averageRs 3.40
Dividends
Dividend payout13.89%
Dividend payout, 3-year average12.82%
Dividend payout, 5-year average12.34%
Efficiency
Asset turnover0.09x
Fixed asset turnover10.05x
Cash conversion cycle0 days
Working capital days102 days
Leverage
Total debtRs 47,845 Cr
Cash and bankRs 1,945 Cr
Net debtRs 45,901 Cr
Debt to equity10.34x
Net debt / EBITDA9.83x
Interest coverage1.25x
Owners' fund to total sources8.44%
Debt to assets87.25%
Cash flow
Cash from Operating Activity (latest year)Rs -1,216 Cr
Cash from Investing Activity (latest year)Rs -50 Cr
Cash from Financing Activity (latest year)Rs 869 Cr
Net Cash Flow (latest year)Rs -397 Cr
Free cash flow (latest year)Rs -2,013 Cr
FCFE (approx.: FCF + change in debt)Rs 4,940 Cr
Cash from ops / profit, 5 years-2.55x
Statement figures
Net sales (TTM)Rs 5,629 Cr
Net sales (latest year)Rs 4,862 Cr
Sales (latest quarter)Rs 1,488 Cr
Operating profit excl. other income (latest year)Rs 3,548 Cr
Operating profit (latest quarter)Rs 1,009 Cr
Other income (TTM)Rs 824 Cr
EBITDA (TTM)Rs 4,668 Cr
PBDT (TTM)Rs 962 Cr
Profit before tax (TTM)Rs 911 Cr
Tax (latest year)Rs 288 Cr
Net profit (TTM)Rs 608 Cr
Net profit (latest year)Rs 613 Cr
Net profit (latest quarter)Rs 146 Cr
Depreciation (TTM)Rs 51 Cr
Interest (TTM)Rs 3,706 Cr
Cost of goods sold (latest year)Rs 33 Cr
Total expenditure (latest year)Rs 1,313 Cr
Total income (latest year)Rs 5,588 Cr
Share capitalRs 155 Cr
ReservesRs 4,472 Cr
Shareholders' fundsRs 4,627 Cr
Total assetsRs 54,836 Cr
Net blockRs 484 Cr
Capital work in progressRs 16 Cr
InvestmentsRs 18,278 Cr
Other liabilitiesRs 2,364 Cr
Shares outstanding (crore)15.49
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | INGVYSYABK | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.0% | -2.8% | +5.8 pts |
| 1 month | +6.0% | -6.8% | +12.8 pts |
| 3 months | +11.0% | -7.6% | +18.6 pts |
| 6 months | +72.7% | +0.4% | +72.3 pts |
| 1 year | +61.8% | -9.9% | +71.7 pts |
| 2 years | +91.1% | -13.6% | +104.7 pts |
| 3 years | +190.1% | +14.2% | +175.9 pts |
| 5 years | +267.1% | +27.9% | +239.2 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -278% of net profit over the last 3 years |
| explain | Share dilution Share count up 3% in a year, 29% in three |
| explain | Low interest cover Interest cover 1.3x in 2014 |
| look | Profit leans on other income Other income was 81% of pre-tax profit in 2014 |
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.
Latest quarter
Dec 2014Sales ₹1,488 Cr +16.9% vs Dec 2013.
Net profit ₹146 Cr -12.6%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2014-06-11 | Annual General Meeting/Dividend Rs 6 Per Share | |
| 2013-06-12 | Annual General Meeting/Dividend Rs 5.50 Per Share | |
| 2012-06-14 | Annual General Meeting/Dividend Rs 4 Per Share | |
| 2011-08-11 | Annual General Meeting And Dividend Rs.3/- Per Share | |
| 2010-06-15 | Annual General Meeting And Dividend Rs.2.50 Per Share | |
| 2009-08-18 | Agm/Dividend - 20% | |
| 2008-05-30 | Agm/Dividend - 15% | |
| 2007-10-04 | Egm | |
| 2007-05-28 | Agm/Dividend - 6.5% | |
| 2006-08-24 | Agm |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of ING Vysya Bank Ltd(Merged)?
ING Vysya Bank Ltd(Merged) (INGVYSYABK) has a market capitalisation of Rs Cr. at the 2015-04-15 close.
What were ING Vysya Bank Ltd(Merged)'s latest quarterly results?
In the Dec 2014 quarter, ING Vysya Bank Ltd(Merged) sales was Rs 1,488 Cr (+16.9% vs Dec 2013) and net profit was Rs 146 Cr.