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AXISBANK - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.6

Stock Code AXISBANK Market Cap 3,89,009 Cr. Current Price 1,253 ₹ High / Low 1,418 ₹
Stock P/E 15.9 Book Value 634 ₹ Dividend Yield 0.08 % ROCE 6.95 %
ROE 16.0 % Face Value 2.00 ₹ DMA 50 1,305 ₹ DMA 200 1,234 ₹
Chg in FII Hold 0.69 % Chg in DII Hold -0.22 % PAT Qtr 6,490 Cr. PAT Prev Qtr 5,090 Cr.
RSI 40.7 MACD -29.6 Volume 63,32,155 Avg Vol 1Wk 82,71,383
Low price 1,032 ₹ High price 1,418 ₹ PEG Ratio 0.60 Debt to equity 7.52
52w Index 57.1 % Qtr Profit Var 2.95 % EPS 79.0 ₹ Industry PE 14.8

📊 Financial Overview

  • Revenue & Profitability: PAT rose from 5,090 Cr. to 6,490 Cr. (+2.95%), showing steady growth.
  • Margins & Returns: ROE (16.0%) is strong, while ROCE (6.95%) is modest, reflecting average efficiency.
  • Debt: Debt-to-equity ratio at 7.52, typical for banks but indicates high leverage.
  • Cash Flow: EPS at 79.0 ₹, consistent earnings profile supporting valuation.

💹 Valuation Metrics

  • P/E Ratio: 15.9 vs Industry PE of 14.8 → Fairly valued.
  • P/B Ratio: Current Price ₹1,253 vs Book Value ₹634 → Reasonable valuation.
  • PEG Ratio: 0.60 → Attractive, suggesting undervaluation relative to growth.
  • Intrinsic Value: Current price close to fair value, offering moderate upside.

🏢 Business Model & Competitive Advantage

  • Strong presence in retail and corporate banking with diversified offerings.
  • Efficient operations and scale advantage in Indian banking sector.
  • High leverage is structural but profitability remains consistent.

📈 Entry Zone Recommendation

  • Technicals: RSI at 40.7 (near oversold), MACD negative, price below 50DMA & 200DMA.
  • Suggested entry zone: ₹1,050–₹1,150 for accumulation.
  • Long-term holding viable given stable profitability and fair valuation.


✅ Positive

  • Strong ROE (16.0%).
  • Quarterly profit growth (+2.95%).
  • PEG ratio (0.60) suggests undervaluation relative to growth.

⚠️ Limitation

  • ROCE relatively modest (6.95%).
  • High leverage (Debt-to-equity 7.52) inherent to banking sector.
  • Dividend yield low (0.08%).

📉 Company Negative News

  • DII holding reduced (-0.22%).
  • Stock trading below 50DMA and 200DMA, showing weak momentum.

📈 Company Positive News

  • FII holding increased (+0.69%).
  • Quarterly profits improved steadily.

🏭 Industry

  • Industry PE at 14.8, close to Axis Bank’s 15.9.
  • Banking sector stable with long-term growth potential in India.

🔎 Conclusion

  • Axis Bank shows strong profitability and fair valuation compared to peers.
  • High leverage is structural but manageable given consistent earnings.
  • Best strategy: Accumulate in the ₹1,050–₹1,150 zone.
  • Long-term holding viable with stable growth and improving fundamentals.

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