Indian Overseas Bank Stock Price Analysis and Quick Research Report. Is Indian Overseas 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 Overseas Bank is performing and if it is the right time to buy the stock of Indian Overseas Bank with detailed analysis. Indian Overseas Bank stock price today is Rs 37.5.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Indian Overseas Bank has earned Rs 28131.0087 Cr. revenue in the latest financial year. Indian Overseas Bank has posted outstanding revenue growth of 18.9132348265099 % in last 3 Years.

• In terms of advances, Indian Overseas Bank reported 15.1118 % YOY,  rise . If you see 3 years advance growth, it stands at 19.4036450210468 %.

• Currently, Indian Overseas Bank has a CASA ratio of 43.65 %. It’s overall cost of liability stands at 4.868 %. Also, the total deposits from these accounts stood at Rs 311938.8239 Cr.

• Indian Overseas Bank has a average ROA track record. The ROA of Indian Overseas Bank is at 0.8928 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of Indian Overseas Bank stood at 2.14 % and 0.37 % 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 positive at 24.6200015278 % which means it has increased 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 Overseas Bank decreased and is currently at Rs 5545.0684 Cr.

• Indian Overseas Bank has a Good Capital Adequacy Ratio of 19.74 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently Indian Overseas Bank is trading at a P/B of 2.4764 . The historical average PB was 2.48938289481041.

• Share Price: - The current share price of Indian Overseas Bank is Rs 37.5. One can use valuation calculators of ticker to know if Indian Overseas Bank share price is undervalued or overvalued.