IndusInd Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for INDUSINDBK, BSE:532187 IndusInd Bank Ltd.

IndusInd Bank Ltd.

15 Jan 2020, 12:00AM

881.90

0.10%

Q3FY20 Result Review :IndusInd Bank

Buy: IndusInd Bank Ltd.

Target

IDBI Capital

IndusInd's credit growth continues to decline to 20% vs 21% on sequential basis and reported higher slippages from corporate portfolio (up 76% QoQ). Deposits growth remains strong at 23% YoY. NII grew by 34% YoY with a 19% YoY growth in its core fee income. Consolidated PAT grew by 19% YoY; while adjusted for accelerated provisions PAT grew by 52% YoY. GNPA remain stable at 2.18% vs 2.19%; however NNPA declined to 1.05% vs 1.12% due to accelerated provisioning. Bank's aggregate exposure net of provisions to Zee/ADAG/DHFL declined to 0.47% vs 1.1% (QoQ) of loan book. We largely maintain our estimates for FY21. We retain our BUY rating with a TP of Rs.1,720 (Rs1,575 earlier) valuing the stock at 3.0x vs. 2.75x earlier (18%...

Number of FII/FPI investors decreased from 772 to 751 in Mar 2025 qtr

IndusInd Bank Ltd.

15 Jan 2020, 12:00AM

881.90

0.10%

IndusInd Bank

Buy: IndusInd Bank Ltd.

Target

ICICI Securities Limited

Credit growth was at ~20% YoY (5.2% QoQ) to | 2.07 lakh crore led by higher growth in corporate book (6.2% QoQ) compared to consumer book (4.4% QoQ). Slower growth within the consumer book is attributable to auto slowdown. Deposit growth continued to remain healthy at ~23% YoY to | 2.17 lakh crore led by healthy traction of 12% QoQ in savings deposits....

Number of FII/FPI investors decreased from 772 to 751 in Mar 2025 qtr

IndusInd Bank Ltd.

15 Jan 2020, 12:00AM

881.90

0.10%

IndusInd Bank Ltd. - Result Update - 15 January 2020

Hold: IndusInd Bank Ltd.

Way2Wealth

IndusInd Bank reported steady December quarter with most parameters on expeceted lines except for fresh slippages which marred the overall performance. Loan book growth moderated to 20% yoy for second consecutive quarter, however, deposit saw continue surge in its growth at 23% yoy. Core operating performance was robust with preprovisioning operating profit rising by 30% yoy to `2,758 Cr aided by strong NII growth of 34% yoy & modest cost to income ratio of ~43%. Its asset quality for the quarter was...

IndusInd Bank Ltd. is trading below its 200 day SMA of 947.8

IndusInd Bank Ltd.

14 Jan 2020, 11:06PM

881.90

0.10%

IndusInd Bank (3QFY20): More of the same. Maintain BUY

Buy: IndusInd Bank Ltd.

Target

HDFC Securities

Elevated slippages and consequent provisions at IIB dented IIB's RoAAs over FY19 and will continue to do so over FY20E. However, we see these as transient and expect RoAAs to climb to 1.90/1.97% by FY21/22E (one of the best amongst its peers) even as we build elevated LLPs. Our constructive stance on the stock remains unchanged in spite of the stress that has played out so far, and draws on IIB's inherent strengths and asset quality improvement beyond FY20E. A smooth leadership transition will help with current asset quality issues. IIBs 3QFY20 net earnings were below estimates due to higher provisions while the banks operating performance was slightly ahead of estimates (led by higher NIMs and controlled opex). Loan growth (YoY) remained slow, and even as GNPAs inched up, PCR increased. Maintain BUY with a TP of Rs 1,990 (3.0x Dec-21E ABV of Rs 663).

IndusInd Bank Ltd. has lost -38.93% in the last 1 Year

IndusInd Bank Ltd.

14 Jan 2020

881.90

0.10%

IndusInd Bank (BUY): Asset quality amiss

Buy: IndusInd Bank Ltd.

Target

BOB Capital Markets Ltd.

IndusInd Bank's (IIB) Q3FY20 PAT grew 33% YoY to Rs 13bn, largely due to 34% YoY growth in NII and 5bps QoQ NIM expansion to 4.15%.

IndusInd Bank Ltd. has lost -38.93% in the last 1 Year

IndusInd Bank Ltd.

14 Jan 2020

881.90

0.10%

Slippages weigh heavy on strong operating performance

Buy: IndusInd Bank Ltd.

Target

Motilal Oswal

While the operating performance was healthy (NII, margins, business growth, particularly deposits/PPoP), higher slippages remain a drag and also a reason for investor caution in a period of management transition. We cut our EPS estimate for FY20/21 by 6%/3%, primarily as we factor in our assumption of higher credit cost and slippages. Maintain PAT of INR13b (+33% YoY) came in lower than our estimate of INR15b owing to higher provisions of INR10.4b as the bank created accelerated provisions of INR2.5b. NII was up 34% YoY at INR30.7b (3% beat) as margins expanded 5bp QoQ to 4.2%. PPoP increased 30% YoY to INR27.6b (in-line). Loan growth moderated to 20% YoY, led by slowdown in the CV and corporate portfolios. Deposits were up 23% YoY, led by a 30% YoY increase in SA deposits (+12% QoQ). CASA mix thus improved by 100bp QoQ to 42.4%, despite a slight moderation in current account deposits.

Number of FII/FPI investors decreased from 772 to 751 in Mar 2025 qtr

IndusInd Bank Ltd.

16 Dec 2019, 09:33AM

881.90

0.10%

IndusInd Bank (Update): Moving the right levers. Maintain BUY

Buy: IndusInd Bank Ltd.

HDFC Securities

The bank's various tech initiatives are likely to contribute to B/S growth, higher granularity and profitability. However, our estimates are unchanged as incremental benefits will be discernible only over time. A high yielding fixed rate book will contribute to robust RoAAs (1.94% over FY20-22E). Management transition and asset quality are near term risks. Maintain BUY with a TP of Rs 1,904 (3.0x Sept-21E ABV of Rs 635). We visited IIBs microfinance field operations and attended its analyst day. The presentations made were representative of ~65% of the banks demand deposits and retail TDs, 75% of its loan book and nearly half its fee income. Broad strategies included a sharp focus on IT (particularly to ramp up synergies in microfinance and improve risk management), building retail credit beyond Vehicle Finance and improving deposit granularity (IIB has lagged peers for a while) by strengthening its CB (consumer banking) franchise.

IndusInd Bank Ltd. is trading below its 200 day SMA of 947.8

IndusInd Bank Ltd.

15 Dec 2019, 12:00AM

881.90

0.10%

Analyst Meet Update

Buy: IndusInd Bank Ltd.

Prabhudas Lilladhar

Indusind Bank organized a two-day event to showcase its progress in the Change in Estimates | Target | Reco Bhafin acquisition and also present on the non-corporate parts of the business for the way ahead. (i) On the micro-finance piece, we were struck by...

IndusInd Bank Ltd. has an average target of 881.60 from 12 brokers.

IndusInd Bank Ltd.

15 Dec 2019, 12:00AM

881.90

0.10%

V-Guard Ind

Buy: IndusInd Bank Ltd.

Sharekhan

IndusInd Bank Ltd. has lost -38.93% in the last 1 Year

IndusInd Bank Ltd.

25 Nov 2019

881.90

0.10%

IndusInd Bank Ltd Target Price 1703

Buy: IndusInd Bank Ltd.

BP Wealth

IndusInd Bank Limited is a Mumbai based private bank established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh and is the first among the new-generation private banks in India. The Bank is engaged in granting loans to various segments, such as industries and businesses, and retail loans; financing a range of vehicles or equipment to individuals, and priority sector lending. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury segment includes investment portfolios, profit or loss on sale of investments,foreign exchange transactions, equities, income from derivatives and money market operations. The Corporate/Wholesale and retail Banking segment includes lending...

IndusInd Bank Ltd. has lost -38.93% in the last 1 Year

Is IndusInd Bank Ltd. worth buying?

1466 Votes:

Buy 78.85%

Sell 14.39%

Hold 6.75%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Results Update SEE REPORTS >

pdf