Axis Bank Limited

BSE:532215 Stock Report

Market Cap: ₹3.3t

Axis Bank Valuation

Is 532215 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 532215 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532215 (₹1072.1) is trading above our estimate of fair value (₹807.17)

Significantly Below Fair Value: 532215 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532215?

Key metric: As 532215 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532215. This is calculated by dividing 532215's market cap by their current earnings.
What is 532215's PE Ratio?
PE Ratio11.9x
Earnings₹279.28b
Market Cap₹3.32t

Price to Earnings Ratio vs Peers

How does 532215's PE Ratio compare to its peers?

The above table shows the PE ratio for 532215 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
500247 Kotak Mahindra Bank
15.7x-6.6%₹3.5t
SBIN State Bank of India
10.1x5.8%₹7.2t
ICICIBANK ICICI Bank
19.2x8.4%₹9.1t
BANKBARODA Bank of Baroda
6.2x2.6%₹1.2t
532215 Axis Bank
11.9x8.9%₹3.3t

Price-To-Earnings vs Peers: 532215 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does 532215's PE Ratio compare vs other companies in the IN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
532215 11.9xIndustry Avg. 9.9xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532215 is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the Indian Banks industry average (9.9x).

Price to Earnings Ratio vs Fair Ratio

What is 532215's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532215 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ratio10.9x

Price-To-Earnings vs Fair Ratio: 532215 is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532215 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,072.10
₹1,365.26
+27.3%
6.6%₹1,590.00₹1,210.00n/a42
Dec ’25₹1,136.70
₹1,363.07
+19.9%
6.4%₹1,590.00₹1,216.00n/a42
Nov ’25₹1,168.15
₹1,362.29
+16.6%
6.3%₹1,550.00₹1,209.00n/a42
Oct ’25₹1,225.90
₹1,374.02
+12.1%
6.3%₹1,550.00₹1,175.00n/a42
Sep ’25₹1,175.50
₹1,370.90
+16.6%
5.9%₹1,530.00₹1,214.00n/a42
Aug ’25₹1,172.20
₹1,370.14
+16.9%
6.2%₹1,530.00₹1,150.00n/a42
Jul ’25₹1,261.70
₹1,315.41
+4.3%
5.9%₹1,500.00₹1,150.00n/a41
Jun ’25₹1,161.75
₹1,300.51
+11.9%
5.9%₹1,460.00₹1,095.00n/a41
May ’25₹1,166.15
₹1,294.63
+11.0%
5.7%₹1,450.00₹1,095.00n/a41
Apr ’25₹1,052.95
₹1,277.27
+21.3%
6.5%₹1,450.00₹1,095.00n/a41
Mar ’25₹1,099.35
₹1,277.76
+16.2%
6.4%₹1,450.00₹1,095.00n/a41
Feb ’25₹1,084.15
₹1,278.68
+17.9%
6.4%₹1,450.00₹1,095.00n/a41
Jan ’25₹1,098.05
₹1,186.70
+8.1%
7.4%₹1,450.00₹980.00n/a40
Dec ’24₹1,103.80
₹1,177.33
+6.7%
6.7%₹1,406.00₹980.00₹1,136.7040
Nov ’24₹971.45
₹1,164.70
+19.9%
6.6%₹1,406.00₹980.00₹1,168.1540
Oct ’24₹1,036.75
₹1,138.42
+9.8%
6.8%₹1,349.00₹980.00₹1,225.9038
Sep ’24₹991.35
₹1,135.39
+14.5%
6.5%₹1,349.00₹980.00₹1,175.5038
Aug ’24₹960.45
₹1,135.90
+18.3%
6.5%₹1,349.00₹980.00₹1,172.2039
Jul ’24₹987.80
₹1,108.63
+12.2%
6.5%₹1,275.00₹924.00₹1,261.7038
Jun ’24₹919.50
₹1,101.13
+19.8%
6.1%₹1,225.00₹924.00₹1,161.7538
May ’24₹860.00
₹1,099.56
+27.9%
6.1%₹1,225.00₹924.00₹1,166.1539
Apr ’24₹858.45
₹1,109.13
+29.2%
6.5%₹1,250.00₹924.00₹1,052.9539
Mar ’24₹865.25
₹1,108.18
+28.1%
7.6%₹1,250.00₹790.00₹1,099.3538
Feb ’24₹857.15
₹1,115.41
+30.1%
8.2%₹1,300.00₹790.00₹1,084.1537
Jan ’24₹933.85
₹1,060.69
+13.6%
7.9%₹1,205.00₹790.00₹1,098.0535
Dec ’23₹903.00
₹1,058.11
+17.2%
7.8%₹1,205.00₹790.00₹1,103.8035

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 01:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Axis Bank Limited is covered by 87 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pankaj AgarwalAmbit Capital
Kaitav ShahAnand Rathi Shares and Stock Brokers Limited
Jaikishan ParmarAngel Broking Private Limited