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Axis Bank

LSE:AXB
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AXB
LSE
₹1,982B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Axis Bank Limited provides corporate and retail banking products and services in India. The last earnings update was 198 days ago. More info.


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AXB Share Price and Events
7 Day Returns
0.4%
LSE:AXB
2.4%
GB Banks
1.1%
GB Market
1 Year Returns
39.6%
LSE:AXB
-7.1%
GB Banks
2.7%
GB Market
AXB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axis Bank (AXB) 0.4% -0.2% 16% 39.6% 59.2% 124.7%
GB Banks 2.4% 3.8% 6.1% -7.1% 18.8% -12.3%
GB Market 1.1% 3.1% 8.5% 2.7% 14.1% 5.7%
1 Year Return vs Industry and Market
  • AXB outperformed the Banks industry which returned -7.1% over the past year.
  • AXB outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.7% over the past year.
Price Volatility
AXB
Industry
5yr Volatility vs Market

Value

 Is Axis Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Axis Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Axis Bank.

LSE:AXB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 32 analysts.
= Stable Book Value * Return on Equity
= ₹322.79 * 15.2%
₹49.14
Book Value of Equity per Share Weighted future Book Value estimates from 29 analysts. ₹322.79
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:AXB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.591 (1 + (1- 35%) (78.58%))
0.928
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.928 * 8.6%)
9.21%

Discounted Cash Flow Calculation for LSE:AXB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Axis Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:AXB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.2% – 9.21%) * ₹322.79)
₹19.41
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹19.41 / (9.21% - 1.23%)
₹243.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹322.79 + ₹243.14
₹565.93
LSE:AXB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:AXB represents 0.07137x of BSE:532215
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07137x
Value per Share
(Listing Adjusted, USD)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 565.93 x 0.07137
$40.39
Value per share (USD) From above. $40.39
Current discount Discount to share price of $55.00
= -1 x ($55.00 - $40.39) / $40.39
-36.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Axis Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Axis Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axis Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:AXB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹1.86
BSE:532215 Share Price ** BSE (2019-04-17) in INR ₹770.65
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.25x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Axis Bank.

LSE:AXB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532215 Share Price ÷ EPS (both in INR)

= 770.65 ÷ 1.86

413.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axis Bank is overvalued based on earnings compared to the GB Banks industry average.
  • Axis Bank is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Axis Bank's expected growth come at a high price?
Raw Data
LSE:AXB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 413.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 32 Analysts
48.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:AXB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 413.39x ÷ 48.3%

8.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axis Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Axis Bank's assets?
Raw Data
LSE:AXB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹250.17
BSE:532215 Share Price * BSE (2019-04-17) in INR ₹770.65
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:AXB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532215 Share Price ÷ Book Value per Share (both in INR)

= 770.65 ÷ 250.17

3.08x

* Primary Listing of Axis Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axis Bank is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Axis Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Axis Bank has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Axis Bank expected to perform in the next 1 to 3 years based on estimates from 32 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axis Bank expected to grow at an attractive rate?
  • Axis Bank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Axis Bank's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Axis Bank's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:AXB Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:AXB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 32 Analysts 48.3%
LSE:AXB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 32 Analysts 30.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:AXB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:AXB Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 175,041
2021-03-31 480,220 134,866 26
2020-03-31 404,050 102,864 28
2019-03-31 344,726 46,038 28
LSE:AXB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 153,543 -790,654 4,558
2017-03-31 186,793 -244,719 39,530
2016-03-31 233,013 -705,527 83,497

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Axis Bank's earnings are expected to grow significantly at over 20% yearly.
  • Axis Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:AXB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below

All data from Axis Bank Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:AXB Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 52.43 61.82 38.00 24.00
2020-03-31 40.01 48.42 25.00 28.00
2019-03-31 17.52 23.23 13.23 27.00
LSE:AXB Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 1.86
2017-03-31 16.55
2016-03-31 35.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Axis Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Axis Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Axis Bank has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Axis Bank performed over the past 5 years?

  • Axis Bank's last earnings update was 198 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Axis Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Axis Bank's year on year earnings growth rate was positive over the past 5 years.
  • Axis Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Axis Bank's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Axis Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Axis Bank Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:AXB Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 153,543.00 4,558.00 91,629.00
2017-03-31 186,793.00 39,530.00 82,791.00
2016-03-31 233,013.35 83,496.66 68,599.94
2015-03-31 208,931.00 74,479.00 65,373.00
2014-03-31 176,889.38 63,101.16 56,636.70
2013-03-31 147,651.00 52,348.00 51,947.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Axis Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Axis Bank used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Axis Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Axis Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Axis Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Axis Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Axis Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Axis Bank Company Filings, last reported 1 year ago.

LSE:AXB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 642,769.00 1,557,671.00 351,672.00
2017-03-31 564,417.00 1,124,548.00 435,732.00
2016-03-31 535,978.12 1,138,477.32 321,213.33
2015-03-31 449,807.00 843,935.00 356,813.00
2014-03-31 384,089.91 527,392.24 293,124.52
2013-03-31 331,709.00 441,051.00 240,921.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Axis Bank has an acceptable proportion of non-loan assets held.
  • Axis Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Axis Bank are broadly funded by customer deposits.
  • Axis Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Axis Bank has a sufficient allowance for bad loans without relevant financial data.
  • Axis Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Axis Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Axis Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Axis Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Axis Bank dividends. Estimated to be 0.92% next year.
If you bought $2,000 of Axis Bank shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Axis Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Axis Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:AXB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 32 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:AXB Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 9.20 1.00
2021-03-31 7.75 25.00
2020-03-31 6.27 25.00
2019-03-31 3.93 24.00
LSE:AXB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-04-26 0.000 0.000
2017-06-27 5.000 0.951
2017-04-26 5.000 0.984
2016-04-26 5.000 0.984
2015-06-25 4.600 0.984
2015-04-29 4.600 0.823
2014-04-28 4.000 0.908
2013-07-19 3.600 1.544
2013-01-31 3.200 1.170
2013-01-28 3.200 1.086
2012-08-13 3.200 1.338
2012-05-24 3.200 1.553
2012-04-27 3.200 1.597
2011-06-17 2.800 1.279
2010-04-20 2.400 0.909
2009-05-13 2.000 1.070
2009-04-20 2.000 1.763

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Axis Bank has not reported any payouts.
  • Unable to verify if Axis Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Axis Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Axis Bank has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Axis Bank's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Axis Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Axis Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axis Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Axis Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amitabh Chaudhry
AGE 54
TENURE AS CEO 0.3 years
CEO Bio

Mr. Amitabh Chaudhry serves as Chief Executive Officer and Managing Director of Axis Bank Ltd. since January 01, 2019. Mr. Chaudhry has been the Chairman at Axis Finance Limited since 2019. He served as the Chief Executive Officer and Managing Director of HDFC Standard Life Insurance Company Ltd. since January 18, 2010 until September 12, 2018 and served as its Executive Director until September 12, 2018. Mr. Chaudhry started his career in the Corporate Banking with Bank of America in 1987, where he worked in diverse roles ranging from Country Finance Officer, Head of Wholesale and GCMG Finance in Asia Division and thereafter as Managing Director and Head Technology Investment Banking, Asia. Mr. Chaudhry served as the Chief Executive Officer and Managing Director of Infosys BPO Limited (know as Progeon Limited) of Infosys Ltd. from March 2006 to December 2009. He joined Infosys Business Process Outsourcing in 2003 as the Head of Transition and served as its Chief Operating Officer from April 2005 to December 2009. He served as Regional Finance Head for Wholesale Banking and Global Markets and Chief Finance Officer of Bank of America (India). He has over two decades of experience in different capacities with leading Indian financial services groups, technology service companies and international banks. Mr. Chaudhry has over 17 years of experience, was earlier with Credit Lyonnais Securities in Singapore as the Head of the Investment Banking Franchise for South East Asia and Structured Finance practice for Asia. He was a Non-Executive Independent Director of Shriram Transport Finance Co. Ltd., from October 30, 2012 until October 26, 2018. He serves as Director of Manipal Global Education Services Private Limited. He completed his Engineering in 1985 from Birla Institute of Technology and Science, Pilani and MBA in 1987 from IIM, Ahmedabad. Mr. Chaudhry holds a Post Graduate Diploma in Management from IIM, Ahmedabad.

CEO Compensation
  • Insufficient data for Amitabh to compare compensation growth.
  • Insufficient data for Amitabh to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Axis Bank management team in years:

2.6
Average Tenure
52.5
Average Age
  • The tenure for the Axis Bank management team is about average.
Management Team

Jairam Sridharan

TITLE
Group Executive & CFO
COMPENSATION
₹19M
AGE
43
TENURE
3.5 yrs

Rajesh Dahiya

TITLE
Executive Director
COMPENSATION
₹17M
AGE
50

Rajiv Prattipati

TITLE
Head of Corporate Banking & Executive Director
COMPENSATION
₹20M
AGE
52
TENURE
0.3 yrs

Girish Koliyote

TITLE
Company Secretary
COMPENSATION
₹8M
TENURE
3.9 yrs

Amitabh Chaudhry

TITLE
MD, CEO & Director
AGE
54
TENURE
0.3 yrs

Cyril Anand

TITLE
President & Chief Risk Officer
AGE
53

Julius Samson

TITLE
Head, Corporate Communication & Investor Relation

Ronald Fernandes

TITLE
Chief Compliance Officer & Executive VP
AGE
60

Damini Marwah

TITLE
General Counsel
AGE
42
TENURE
2.6 yrs

Rajendra Adsul

TITLE
President of International Banking
AGE
59
Board of Directors Tenure

Average tenure and age of the Axis Bank board of directors in years:

3.4
Average Tenure
61
Average Age
  • The tenure for the Axis Bank board of directors is about average.
Board of Directors

Sanjiv Misra

TITLE
Non Executive (Part Time) Chairman
COMPENSATION
₹1M
AGE
70
TENURE
2.8 yrs

Rajesh Dahiya

TITLE
Executive Director
COMPENSATION
₹17M
AGE
50
TENURE
2.9 yrs

Rajiv Prattipati

TITLE
Head of Corporate Banking & Executive Director
COMPENSATION
₹20M
AGE
52
TENURE
2.9 yrs

Amitabh Chaudhry

TITLE
MD, CEO & Director
AGE
54
TENURE
0.3 yrs

C. Joseph

TITLE
Chief Executive Officer of Axis Bank Foundation and Executive Trustee of Axis Bank Foundation
AGE
63
TENURE
8.9 yrs

Samir Barua

TITLE
Independent Non-Executive Director
COMPENSATION
₹3M
AGE
66
TENURE
7.8 yrs

Som Mittal

TITLE
Independent Non-Executive Director
COMPENSATION
₹3M
AGE
66
TENURE
7.5 yrs

Rohit Bhagat

TITLE
Independent Non-Executive Director
COMPENSATION
₹3M
AGE
55
TENURE
6.3 yrs

B. Rao

TITLE
Non-Executive (Nominee) Director
COMPENSATION
₹3M
AGE
59
TENURE
3.3 yrs

Rakesh Makhija

TITLE
Independent Non-Executive Director
COMPENSATION
₹4M
AGE
66
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Axis Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Axis Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Axis Bank Limited provides corporate and retail banking products and services in India. It operates in four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. The company’s deposit products include savings, salary, and current accounts, as well as fixed, recurring, tax saver fixed, and flexi deposits. It also provides home, personal, holiday, car, business, gold, bike, and education loans, as well as loans against properties, securities, and fixed deposits; and commercial vehicle and construction equipment loans. In addition, the company offers safe deposit locker, safe custodian, and pension system services; foreign exchange services; investment products; and life, health, travel, motor, and business guard insurance products. Further, its treasury operations comprise asset liability management, correspondent banking activity, foreign exchange and derivatives trading, bullion business, investments in SLR and Non-SLR securities, and arranger ship business; and international banking products and services cover corporate banking, trade finance, and treasury and risk management solutions. The company also offers debit and credit cards; mutual fund and systematic investment plan; products and services for non-resident Indians; agricultural and rural banking products and services; and burgundy and priority banking products and services. As of March 31, 2018, Axis Bank Limited operated 3,589 domestic branches and 13,977 ATMs. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is based in Mumbai, India.

Details
Name: Axis Bank Limited
AXB
Exchange: LSE
Founded: 1993
₹28,548,362,188
2,572,186,503
Website: http://www.axisbank.com
Address: Axis Bank Limited
Axis House,
C-2, Wadia International Centre,
Mumbai,
Maharashtra, 400025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532215 Equity Shares Mumbai Stock Exchange IN INR 23. May 2000
NSEI AXISBANK Equity Shares National Stock Exchange of India IN INR 23. May 2000
LSE AXB SPON GDR REG S London Stock Exchange GB USD 16. Mar 2005
DB UZC SPON GDR REG S Deutsche Boerse AG DE EUR 16. Mar 2005
BMV AXB N SPON GDR REG S Bolsa Mexicana de Valores MX MXN 16. Mar 2005
BATS-CHIXE AXBL SPON GDR REG S BATS 'Chi-X Europe' GB USD 16. Mar 2005
Number of employees
Current staff
Staff numbers
59,614
Axis Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 21:10
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2018/10/01
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.