IDBI BANK - BREAKOUT WITH HEAVY VOLUME

Hi All,

This idea is about IDBI Bank Ltd

Price action has given a strong breakout with very heavy volume which indicates institutional buying. Even the shareholding pattern indicates increase in FII and DII buying with lesser retail participation

Good profit growth of 19% CAGR over last 5 years with a healthy dividend payout of 19%

Increase in Reserves which indicates higher Book Value and fairly valued at 17.8 PE

Other fundamentals

Market Cap
₹ 1,12,062 Cr.
Current Price
₹ 104
High / Low
₹ 107 / 57.8
Stock P/E
17.8
Book Value
₹ 47.5
Dividend Yield
1.44 %
ROCE
6.23 %
ROE
11.8 %
Face Value
₹ 10.0
Equity capital
₹ 10,752 Cr.
No. Eq. Shares
1,075
EPS
₹ 5.85
Promoter holding
94.7 %
Change in Prom Hold
0.00 %
Chg in Prom Hold 3Yr
0.00 %
Pledged percentage
0.00 %
Market Cap to Sales
4.27
Sales growth
15.1 %
PEG Ratio
0.94
EVEBITDA
17.4
Quick ratio
2.23
Trade receivables
₹ 0.00 Cr.
Sales
₹ 26,252 Cr.
Debt to equity
5.77
Price to book value
2.19
Free Cash Flow
₹ -1,448 Cr.
CMP / FCF
783

Happy Investing!

Thanks,
Stock-n-Shine