Indian Overseas Bank Stock Analysis

BSE: 532388 | NSE: IOB | Bank - Public | Large Cap

BSE Share Price 29-Nov-2022 18:01
22.45 -0.45 (-1.97%)

DeciZen - Make an Informed Decision on Indian Overseas Bank

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indian Overseas Bank Price Chart

P/E Ratio (SA) :
22.78
Market Cap :
43,286.5 Cr.
52-wk low :
15.3
52-wk high :
24.9
Bole Toh?

1. Is Indian Overseas Bank a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indian Overseas Bank is a below average quality company.

2. Is Indian Overseas Bank undervalued or overvalued?

The key valuation ratios of Indian Overseas Bank's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Indian Overseas Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indian Overseas Bank is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Indian Overseas Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Overseas Bank has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Net Interest Income (₹ Cr.)5,2525,5775,3845,3835,1905,4685,2795,3035,8996,3116,889
YoY Gr. Rt. %-6.2%-3.5%-0%-3.6%5.4%-3.5%0.5%11.2%7%-
Total Income22,65024,85326,07726,04623,09121,66221,83820,76622,52521,63321,983
YoY Gr. Rt. %-9.7%4.9%-0.1%-11.3%-6.2%0.8%-4.9%8.5%-4%-
Adj EPS (₹ ) 6.14.9-3.7-16-13.9-12.9-4.1-5.20.50.91
YoY Gr. Rt. %--20.7%-175.6%NANANANANANA76.5%-
BVPS (₹ )133.2116.2112.873.347.222.815.28.4910.711.2
YoY Gr. Rt. %--12.8%-2.9%-35%-35.7%-51.6%-33.5%-44.6%6.5%19.5%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.20.2-0.2-1-1.3-2.5-1.5-3.30.30.60.5
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)2.53.25.711.91415.310.85.43.62.72.6
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income2.1%4%6.1%7%
Total Income-0.5%-1.3%-0.3%-4%
Adj EPS-19.2%NANA76.5%
BVPS-24.4%-25.7%-11%19.5%
Share Price -11.6% -1.4% 28.1% 7.2%

Key Financial Ratios

RATIOS \ YEARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Interest Earned / Total Income91.2991.2791.890.2985.3982.780.7483.8275.3277.3479.9
Margins To view Margins Colour Rating Guide click here
NIM (%)2.22.122.12.22.42.32.42.32.32.3
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)4.94.5-3.2-21.3-27.5-55.4-29.9-61.65.89.86.6
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)26.525.325.128.736.136.838.340.342.543.4-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

Total Income has declined 5.71 CAGR in last 3 years

Net Profit has declined 0.00 CAGR in last 3 years

Latest Financials - Indian Overseas Bank

Standalone Consolidated
TTM EPS (₹) 1 0.9
TTM Sales (₹ Cr.) 17,565 16,736
BVPS (₹.) 11.2 11.2
Reserves (₹ Cr.) 2,253 2,253
P/BV 2.05 2.05
PE 22.78 25.32
From the Market
52 Week Low / High (₹) 15.25 / 24.85
All Time Low / High (₹) 6.17 / 228.90
Market Cap (₹ Cr.) 43,287
Equity (₹ Cr.) 18,902.4
Face Value (₹) 10
Industry PE 13

Management X-Ray of Indian Overseas Bank :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indian Overseas Bank

Adj EPS (Rs.)
Total Income (Cr.)
ROE (%)
BVPS (Rs.)

News

Indian Overseas Bank FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indian Overseas Bank on 29-Nov-2022 18:01 is : 22.45.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Nov-2022 18:01 the market cap of Indian Overseas Bank stood at ₹ 43,286.5.
The latest PE ratio of Indian Overseas Bank as of 29-Nov-2022 18:01 is 22.78.
The latest PB ratio of Indian Overseas Bank as of 29-Nov-2022 18:01 is 2.05
The 52-week high of Indian Overseas Bank is ₹ 24.85 and the 52-week low is ₹ 15.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indian Overseas Bank is ₹ 17,565 ( Cr.) .

About Indian Overseas Bank

Indian Overseas Bank (IOB) was founded on February 10, 1937 by Shri. M.Ct.M. Chidambaram Chettyar, a pioneer in many fields. The Bank was founded by him with the main objective of specializing in foreign exchange business in banking to take the Bank across the globe. IOB was one of the major banks that were nationalized in 1969.

Business area of the Bank

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Product and services offered by the bank

  • Personal Banking
  • Digital Banking
  • NRI
  • Agri/Rural
  • Retail
  • MSME
  • Corporate/Forex

Awards and Accolades

FY2017-18

  • Runner Up Award for Best Payment Initiatives amongst Medium Banks from IBA.
  • Bank's quarterly Hindi Magazine ‘VANI’ has received prize in Bronze category from Association of Business Communicators, Mumbai.
  • 2nd Prize for in-house Hindi magazine VANI for 2016-17 received by our MD & CEO on the occasion of Hindi Diwas from Hon’ble President of India
  • Bank was chosen as one of the winners (out of 36 banks) of Intelligent Enterprise Award (CategoryEnterprise Apps) presented by Indian Express group for the year 2017 for the product IOB PAY which is an online integration.

FY2018-19

  • The Central Vigilance Commission has awarded to Bank with ‘Vigilance Innovation Award’ with an Excellent Grade for various initiatives taken in the Bank.

FY2019-20

  • IOB ranked 5th position as on March 2019 under EASE 1.0 (FY 2018-19) with 75% score among PSBs.
  • IOB been awarded ‘Winner-Reforms Excellence’ and ‘Winner Deepening Financial Inclusion and Digitalisation’ out of 8 awards category of EASE 1.0.
  • IOB got a special mention in ‘Examples of Best Practice among PSBs’ for its Standardized Public Grievance Redressal System (SPGRS).
  • IOB awarded for Outstanding Performance in POS deployment in Northeast for the FY2018-19 by Meity.
  • IOB shortlisted by Infosys under Client Innovation Award -2020, for inhouse customization of Finacle on ‘Simplified Loan Account Opening’.
  • IOB awarded ISO 27001 for Information Technology Department.
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