Axis Bank Limited is a private banking company. The company’s share price fluctuation affects Nifty because it carries good weight among Nifty 50 stocks. On this page, we will cover the Axis Bank Share Price Graph And Axis Bank share price News. The company is listed in the NSE with the name AXISBANK. Here, is the axis bank share price.
Axis Bank Share Price Graph
About the Company
Incorporated in 1993, Axis Bank Limited was one of the first few private banks which started operations in India after the Government of India came up with the policy to allow private banks to start banking business in India. It was also the first such step taken by the Government of India after the nationalization of private banks took place after independence. Moreover, UTI, the best and largest financial institution was the promoter of Axis Bank. The bank started its journey with Rs 115 crore of capital, and UTI contributed Rs 100 crore. LIC also contributed Rs 7.5 crore and the rest came from GIC and its 4 subsidiaries. In the year 1994 Axis Bank started its banking business, the year govt. made the decision to allow privately run banks.
Axis Bank has been running efficiently since then and became one of the leading private banks in India. The bank operates both in retail banking services and corporate banking services and has achieved a mark of excellence in both sectors. Today in order to remain on top it has adopted best industry practices that are at par with the best of international standards.
With a view to expanding and reaching more consumers and making footsteps in diversified banking services, it made an acquisition of Enam Securities in November 2010. Though it had to shell out $ 456 million for that buyout, the step made a positive impact on the balance sheet. Now, Axis Securities, a wholly owned subsidiary handle the investment banking services and all operations related to demat and related services, investment in the stock market by the customers through Axis securities and all other depository-related services.
Axis Bank Offers the Following Services:
- Retail/ Personal Banking
- Corporate Banking
- NRI Banking
- E-commerce
- Priority Banking
- VBV/ MSC – Online transactions using a Debit Card
- VBV – Online transactions using Credit Card
Registered Office
- Bombay Dyeing Mills Compound,
Pandurang Budhkar Marg,
City: Mumbai
State: Maharashtra
Pincode: 400025
Email ID: [email protected]
Web Url: http://www.axisbank.com - Axis House,
Wadia International Centre,
City: Mumbai
State: Maharashtra
Pincode: 400025
Email ID: [email protected]
Web Url: http://www.axisbank.com - ‘Trishul’, 3rd Floor,
Opp. Samartheshwar Temple,
City: Ahmedabad
State: Gujarat
Pincode: 380006
Email ID: [email protected]
Web Url: http://www.axisbank.com
Company Management
- Sanjiv Misra (Chairman)
- Shikha Sharma (Managing Director u0026amp; CEO)
- V. R. Kaundinya (Director)
- Prasad R. Menon (Director)
Company Financials for Analyzing Axis Bank Share Price
The closing share price of Axis Bank on 19-09-2018 is Rs 608.80 in NSE. The consolidated EPS is Rs 1.77 calculated over the past 12 months’ performance. Though the standalone EPS is Rs -1.2, the standalone P/E is 0.00 and the consolidated ratio of P/E is 343.55. Moreover, the industry P/E is 31.34 (consolidated). The book value per share or BV is Rs Rs 249.93. The price over book value or P/BV is 2.44. The dividend yield is 0. The total nos of shares subscribed are 256.90 crores. The current net NPA is Rs 14,901.56 crores and Net NPA is 3.09%.
Company Summary
Axis Bank is a leading private bank in India. The present market cap is Rs 156,505.82 crores. It is a large-cap private bank.
Axis bank limited earns its revenue largely from banking, sales of financial products and services. Recent financial data shows Axisbank has earned Rs 34137.47 crores from accrued interest and discount on advances and bills which amounts to 74.56% of total sales value. In addition, income from Investment is Rs 9983.30 crores contributing to 21.80% of total sales. In addition, interest accrued from balances with RBI and other inter-bank funds is Rs 1271.71 crores which amounts to 2.77% of total sales and Interest accrued from other sources is Rs 387.83 crores (0.84% of total sales value). These data were collected from the audited financial report for the year 2017 – 18 ended on 31st March 2018.
The bank reported a gross NPA (non-performing assets) of Rs 32662.40 crores and a net NPA of Rs 14901.56 crores. The gross NPA was 6.52% of total assets and net NPA was 3.09% of total assets. The Gross NPA was down by -3.69% compared to last quarter and increased by 29.62% from the last fiscal figures. Similarly, net NPA decreased by -9.12% from last quarter’s data and increased by 34.35% from the previous fiscal.
After the end of the second quarter of the 2018 fiscal which ended on 30-06-2018, Axis Bank reported a standalone interest income of Rs 9611.55 crores, increased by 9.81% from the previous quarter’s interest income of Rs 8753.01 crores and increased by 17.06% last year financial record of the same quarter which was Rs 8210.58 crores. Axis Bank reported a net profit after tax of Rs 701.09 crores in this quarter.
Shareholding Pattern
The Promoter and Promoter group holds 26.23% of the total shares. There is no foreign institutional investor in the promoter group.
The Public holds the rest 73.77% of the shares. In this group, foreign institutional investors or FII/ FPI hold 50.26%. The domestic institutional investors or the DII hold 14.69% and the non-institutional investors own the rest of the 8.83% shares.
Final Thoughts about Axis Bank Share Price
Overall, the axis bank share price has performed well in rise and fall. Overall performance of its shares is sound corporate governance practices may be appreciated by shareholders. Its strong liquidity position, low bad loans ratio and good business diversification strategy make it a sensible investment option for investors looking to buy or sell Axis Bank Shares. Overall, this blog post can help them decide if investing in Axis Bank Shares is the right decision for them.