Indian Bank Stock Price Analysis and Quick Research Report. Is Indian Bank an attractive stock to invest in?

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Indian Bank is performing and if it is the right time to buy the stock of Indian Bank with detailed analysis. Indian Bank stock price today is Rs 624.85.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Indian Bank has earned Rs 62002.158 Cr. revenue in the latest financial year. Indian Bank has posted outstanding revenue growth of 16.8552080394181 % in last 3 Years.

• In terms of advances, Indian Bank reported 10.9115 % YOY,  rise . If you see 3 years advance growth, it stands at 13.6347054706542 %.

• Currently, Indian Bank has a CASA ratio of 38.371 %. It’s overall cost of liability stands at 4.7294 %. Also, the total deposits from these accounts stood at Rs 737153.5639 Cr.

• Indian Bank has a healthy ROA track record. The ROA of Indian Bank is at 1.3107 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of Indian Bank stood at 3.09 % and 0.19 % respectively as on the latest financial year.

• One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -28.48199159294 % which means it has decreased from the previous year.

• Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Indian Bank surged and is currently at Rs 9223.481 Cr.

• Indian Bank has a Good Capital Adequacy Ratio of 17.94 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently Indian Bank is trading at a P/B of 1.3553 . The historical average PB was 0.856790210855529.

• Share Price: - The current share price of Indian Bank is Rs 624.85. One can use valuation calculators of ticker to know if Indian Bank share price is undervalued or overvalued.