Hammer Candlestick Pattern Seen at bottom in Axis BankHello everyone i hope you all will be doing good in your life and your trading as well. Today i have brought axis bank analysis which is has formed Hammer candlestick pattern at bottom of Important support zone, Axis Bank Limited is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City
Market Leadership
- 3rd largest private sector bank in India
- 4th largest issuer of credit cards
- 19.8% market share in FY24
Branch Network
In FY24, Bank added 475 branches (125 in Q4FY24) to its network. At present, it has a total of 5377 branches, 16,026 ATMs and Cash recyclers. The region-wise breakup of branches is as follows:
Metro - 31%
Semi-urban - 29%
Urban - 23%
Rural - 17%
Loan Book
Retail loans account for 60% of bank's loan book and corporate 29% & SME loans 11%.
Retail Book
Home loans account for 28% of retail book, followed by rural loans (16%), LAP(11%), Auto loans(10%), personal loans(12%) , small business banking (10%), credit cards (7%), Comm Equipment (2%) & others (4%)
Market Share FY24
- Bank has 5.5% market share in assets, 5% in deposits & 5.9% in advances.
- 14% in credit cards circulation in India.
- 5.2% market share in personal loan.
- 4% RTGS, 30% NEFT, 38.9% IMPS Market share (by volume),20% Market share in BBPS.
- 11.4% Foreign LC Market Share.
- 8.4% market share of MSME credit.
Fundamental (Ratio) Analysis
- P/E ratio is 12.69
- P/E ratio is 12.69 which is lower than it's 5 years Average P/E 28.22
- D/E 1.46 has reduced as compared to last year's D/E 1.59
- ROCE is 14.16%
- ROCE 14.16% has increased as compared to last year's ROCE 9.26%
- ROE is 18.51%
- ROE 14.16% has increased as compared to last year's ROE 9.26%
- ROCE 14.16% is higher than 5 years ROCE average 9.19%
- ROE 18.51% is higher than 5 years ROE average 10.03%
- PEG ratio is 0.61
- Operating Profit Margin (EBITDA Margin) 8.82% has improved as compared to last year's OPM - 0.31%
- NPM is 23.4%
- Net Profit Margin (PAT Margin) 23.4% has improved as compared to last year's NPM 12.37%
- Annual Sales has grown by 28.94%
- Annual Profit has grown over by 143.91%
- 3 Years Sales CAGR is 20.96%
- 3 Years Profit CAGR is 142.38%
- Quarterly Sales has grown over by 15.26% YoY
- Quarterly Profit has grown over by 19.16% YoY
- Quarterly Profit has grown over by 14.87% QoQ
- DII have increased their stakes by 1.72% in the latest quarter (29.4% to 31.12%)
- Retail/Public have reduced their stakes by 0.91% in last 3 years
- Promoters + FIIs + DIIs hold 91.18% in the company
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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