Axis Bank Limited

BSE:532215 Stock Report

Market Cap: ₹3.8t

Axis Bank Future Growth

Future criteria checks 2/6

Axis Bank is forecast to grow earnings and revenue by 14.3% and 15.4% per annum respectively. EPS is expected to grow by 15% per annum. Return on equity is forecast to be 15.1% in 3 years.

Key information

14.3%

Earnings growth rate

14.97%

EPS growth rate

Banks earnings growth11.3%
Revenue growth rate15.4%
Future return on equity15.11%
Analyst coverage

Good

Last updated04 Aug 2026

Recent future growth updates

No updates

Recent updates

Narrative Update • Jun 15

532215: Fundraising Plans And Dividend Review Will Support Long Term Outlook

Axis Bank's analyst price target has been revised slightly higher to ₹1,585.59 from ₹1,580.45 as analysts incorporate updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E into their models. What's in the News A board meeting is scheduled for Apr 25, 2026, at 09:00 Indian Standard Time to review audited standalone and consolidated financial results for the quarter and year ended Mar 31, 2026.
Narrative Update • Jun 01

532215: EV Financing Tie Up Will Support Stronger Long Term Outlook

Axis Bank's analyst fair value target has edged slightly lower from ₹1,581.45 to ₹1,580.45 as analysts fine tune assumptions around the discount rate, revenue growth, profit margin, and future P/E. This reflects a marginal recalibration rather than a major shift in view.
Narrative Update • May 16

532215: EV Financing Partnership Will Support Stronger Long Term Outlook

Analysts have lifted Axis Bank's price target from ₹1,483.92 to ₹1,581.45, citing updated assumptions around revenue growth, profit margins and future P/E, which they say support a higher fair value estimate. What's in the News Axis Bank has scheduled a board meeting on April 25, 2026, to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, consider a final dividend for the year, evaluate fund raising options, and approve convening the 32nd Annual General Meeting (Key Developments).
Narrative Update • Apr 25

532215: EV Financing Partnership And Microfinance Deal Optionality Will Shape Balanced Outlook

Analysts have inched up their fair value estimate for Axis Bank to ₹1,483.92 from ₹1,477.38, reflecting slightly revised assumptions on the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Board meeting scheduled on April 25, 2026 to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, a possible final dividend for the year, and the option of raising funds (company filing).
Narrative Update • Apr 10

532215: Preferred EV Partnership And Possible Microfinance Acquisition Will Support Upside

Analysts have trimmed Axis Bank's price target slightly to ₹1,477 from ₹1,496, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E that are broadly similar to prior estimates. What's in the News Axis Bank has been named a preferred financing partner for Tesla in India, becoming the first lender in the country to offer loan tenures of up to 10 years for premium electric vehicles, with fully digital, paperless processing for Tesla buyers across major metros and emerging EV markets (client announcement).
Narrative Update • Mar 26

532215: Preferred EV Financing Partnership Will Support Medium Term Upside

Analysts have made a small trim to the Axis Bank fair value estimate, with the price target moving from about ₹1,499.70 to roughly ₹1,496.18 as they refresh assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News Axis Bank has been named a preferred financing partner for Tesla in India, offering loan tenures of up to 10 years for premium electric vehicles, with end to end digital loan processing and no paperwork for buyers.
Narrative Update • Mar 12

532215: Preferred EV Financing Role And Governance Moves Will Support Medium Term Upside

Analysts have made a small upward tweak to their Axis Bank price target, raising it from ₹1,497.20 to ₹1,499.69. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions.
Narrative Update • Feb 25

532215: Potential Microfinance Acquisition And Boardroom Changes Will Shape Medium Term Earnings Quality

Analysts have nudged their fair value estimate for Axis Bank slightly higher, lifting the price target from ₹1,489.58 to ₹1,497.20. This reflects updated assumptions on revenue growth, profit margin, discount rate and future P/E.
Narrative Update • Feb 10

532215: Boardroom Changes And Stable Risk Oversight Will Support Medium Term Earnings Quality

Analysts have raised their price target for Axis Bank from ₹1,428 to ₹1,490, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for November 26, 2025, at 15:00 IST to consider the appointment of Anand Viswanathan as Chief Risk Officer for a 3-year term starting January 1, 2026, replacing Amit Talgeri, and to discuss other matters (Key Developments).
Narrative Update • Jan 27

532215: Governance Changes Will Support Earnings Quality Over The Medium Term

Analysts have lifted their price target for Axis Bank by ₹20 to reflect updated assumptions that include adjusted revenue growth, profit margin, discount rate and forward P/E expectations. What's in the News A board meeting is scheduled on January 26, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Jan 11

532215: Governance Moves And Asset Sale Will Shape Balanced Medium Term Outlook

Analysts have nudged their price target on Axis Bank higher to ₹1,408 from ₹1,378, citing slightly updated assumptions around revenue growth, profit margin and future P/E that together support a modestly richer fair value estimate. What's in the News A board meeting is scheduled on January 26, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Dec 27

532215: Leadership Changes And Asset Resolution Will Drive Positive Medium Term Outlook

Analysts have nudged their price target for Axis Bank slightly higher to approximately ₹1,378 from about ₹1,377, citing marginal improvements in long term fair value estimates, discount rate assumptions, and future earnings multiples that together support a modestly stronger valuation outlook. What's in the News Axis Bank has called a special or extraordinary shareholders meeting via postal ballot in India on January 18, 2026 to seek investor approvals on key resolutions (company filing).
Narrative Update • Dec 13

532215: Leadership Transition And Asset Sale Will Shape Balanced Medium Term Outlook

Analysts have nudged their price target on Axis Bank slightly higher to ₹1,377 from ₹1,374, citing marginally lower discount rates and steady expectations for revenue growth, profit margins, and future valuation multiples as supporting factors. What's in the News Board meeting scheduled on October 15, 2025 to review unaudited standalone and consolidated results for Q2 FY26 and H1 FY26, and to consider amendments to the Global Depositary Receipts deposit agreement, subject to RBI approval (Board Meeting) Board meeting set for November 26, 2025 to approve the appointment of Anand Viswanathan as Chief Risk Officer for a three year term starting January 1, 2026, replacing Amit Talgeri (Board Meeting) Axis Bank has invited expressions of interest to sell its INR 5,110 million exposure to debt laden Lavasa Corporation at an INR 800 million reserve price, with bids due by November 18 and an e-auction on November 21 (M&A Rumors and Discussions) The bank is reassessing plans to sell a stake in its non banking subsidiary Axis Finance, as potential investors await clarity on RBI's forthcoming forms of business circular, which could impact valuations and business scope for NBFC subsidiaries (M&A Rumors and Discussions) Valuation Changes The fair value estimate has risen slightly to ₹1,377.40 from ₹1,373.65, reflecting a marginally higher intrinsic valuation for Axis Bank shares.
Narrative Update • Nov 29

532215: Upcoming Leadership Changes And Asset Sale Will Influence Medium-Term Outlook

Analysts have marginally increased their price target for Axis Bank from ₹1,368.65 to ₹1,373.65, citing improved revenue growth and slight enhancements in profit margin assumptions. What's in the News A board meeting is scheduled for November 26, 2025, to approve the appointment of Anand Viswanathan as Chief Risk Officer for three years, replacing Amit Talgeri, and to discuss other matters (Board Meeting).
Narrative Update • Nov 15

532215: Future Regulatory Clarity And Debt Resolution Will Shape Performance

Analysts have raised their price target for Axis Bank to ₹1,368.65 from ₹1,353.90. This reflects incremental improvements in revenue growth expectations and a slightly lower discount rate.
Narrative Update • Oct 31

532215: Future Performance Will Reflect Balanced Risks Amid Ongoing Asset Sales And Delays

Analysts have revised their price target for Axis Bank upwards from ₹1,342.95 to ₹1,353.90. They cited modest improvements in projected revenue growth and profit margin estimates as the reason for this adjustment.
Narrative Update • Oct 17

Digital Adoption And Expanding Rural Banking Will Fuel Future Success

Analysts have revised their price target for Axis Bank upward, increasing it from ₹1,329.29 to ₹1,342.95. They cite improved expectations for revenue growth, despite a modest rise in the discount rate and a slightly lower profit margin outlook.
Narrative Update • Sep 05

Digital Adoption And Expanding Rural Banking Will Fuel Future Success

With both the discount rate and future P/E estimates essentially unchanged, Axis Bank’s consensus analyst price target remains stable at ₹1329. What's in the News Board meeting scheduled to consider appointment of a whole time director and changes in senior management.
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New Narrative • Nov 07

Calculated Digital Expansion And Wealth Services Propel Banking Growth And Market Share

Investments in technology, analytics, and digital solutions are expected to drive efficiency, optimize expenses, and enhance Axis Bank's long-term competitive edge.

Earnings and Revenue Growth Forecasts

BSE:532215 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20291,236,966438,766N/AN/A20
3/31/20281,080,580366,916N/AN/A38
3/31/2027932,363307,048N/AN/A37
6/30/2026770,814277,734N/AN/AN/A
3/31/2026745,488263,849-1,737,172-1,715,072N/A
12/31/2025768,436262,574N/AN/AN/A
9/30/2025757,781259,890-888,383-864,625N/A
6/30/2025769,365278,624N/AN/AN/A
3/31/2025772,418280,551-618,803-594,348N/A
12/31/2024760,524281,790N/AN/AN/A
9/30/2024755,181279,284-998,250-974,623N/A
6/30/2024737,249267,313N/AN/AN/A
3/31/2024724,331263,862-1,292,178-1,268,324N/A
12/31/2023622,467134,253N/AN/AN/A
9/30/2023595,523131,210-1,342,076-1,324,050N/A
6/30/2023565,071125,292N/AN/AN/A
3/31/2023591,705108,185-1,044,758-1,030,864N/A
12/31/2022509,327205,980N/AN/AN/A
9/30/2022473,209183,676-1,103,836-1,087,781N/A
6/30/2022433,654161,430N/AN/AN/A
3/31/2022389,886141,193-958,832-944,742N/A
12/31/2021379,784126,430N/AN/AN/A
9/30/2021330,793100,039-474,918-464,891N/A
6/30/2021294,50584,529N/AN/AN/A
3/31/2021264,27371,955-537,718-528,333N/A
12/31/2020193,41629,917N/AN/AN/A
9/30/2020194,04235,495-584,464-572,770N/A
6/30/2020192,51816,912N/AN/AN/A
3/31/2020199,44518,531N/A-609,956N/A
12/31/2019269,79447,868N/AN/AN/A
9/30/2019267,78846,789N/A-571,389N/A
6/30/2019227,52555,781N/AN/AN/A
3/31/2019217,67350,386N/A-579,629N/A
3/31/2018153,5424,558N/A-790,654N/A
3/31/2017186,79339,530N/A-244,719N/A
3/31/2016233,01383,497N/A-705,527N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532215's forecast earnings growth (14.3% per year) is above the savings rate (6.9%).

Earnings vs Market: 532215's earnings (14.3% per year) are forecast to grow slower than the Indian market (16.6% per year).

High Growth Earnings: 532215's earnings are forecast to grow, but not significantly.

Revenue vs Market: 532215's revenue (15.4% per year) is forecast to grow faster than the Indian market (11% per year).

High Growth Revenue: 532215's revenue (15.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 532215's Return on Equity is forecast to be low in 3 years time (15.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/12 06:29
End of Day Share Price 2026/08/12 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Axis Bank Limited is covered by 75 analysts. 40 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Parth Gupta360 ONE Capital Market Private Limited
Jignesh ShialAmbit Capital