Axis Bank Ltd (AXISBANK) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: 76/100 (Strong)

Business Quality 49/100

ROE (Return on Equity): 13.1%

ROCE (Return on Capital): 6.2%

Explain Methodology →

Financial Health 85/100

Debt to Equity: 0.00x

Solvency Runway: High (Interest Coverage > 8x)

Explain Methodology →

Growth Trajectory 99/100

Annual Revenue Growth: 28.5% YoY

Net Profit Growth: 160.0% YoY

Explain Methodology →

Profitability & Margins 85/100

Operating Margin (OPM): 31.5%

Net Profit Margin: 19.8%

Explain Methodology →

Cash Flow Quality 65/100

Free Cash Flow (FCF): Manageable

CFO to EBITDA Conversion: > 75% Conversion Rate

Explain Methodology →

Valuation Attractiveness 80/100

Stock P/E Multiple: 13.6x

Price to Book (P/B): 1.7x

Explain Methodology →

Price & Trend Momentum 74/100

14-Day RSI: 58.9 (Neutral/Bullish)

DMA Alignment: Trading Above 50 & 200 DMA

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Governance & Risk 85/100

Promoter Pledge: 0.0% (Clean)

Statutory Auditor Opinion: Unqualified / Clean Pass

Explain Methodology →

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+1.96%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 39.9%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 13.1%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,289.63

200-Day DMA ● Overlay

₹1,196.08

14-Day RSI ● Overlay

58.9 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹3.79 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

13.6x

Price / EPS

Book Value (₹) Assets

₹712.0

P/B: 1.7x

ROE (%) Quality

13.1%

Net Profit / Equity

ROCE (%) Efficiency

6.2%

EBIT / Capital

Dividend Yield Yield

0.08%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹89.49

Trailing 12M

OPM (%) Spread

31.5%

EBITDA Margin

Free Cash Flow Cash

-₹10,797 Cr

CFO - Capex

About Axis Bank Ltd

Website →

Axis Bank is the third largest private sector bank in India, offering comprehensive financial services across retail, SME, and corporate banking segments.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 22.7% × Turnover: 0.85x × Leverage: 1x = ROE: 13.1%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Stock is trading at an attractive price-to-book multiple of 1.7x.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹1.34 Lakh Cr

Latest PAT

₹27,939 Cr

EPS (TTM)

₹89.49

OPM %

31.5%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Operating Profit (EBITDA)	-₹9,731 Cr	-₹10,059 Cr	-₹10,506 Cr	-₹11,124 Cr	-₹11,892 Cr	-₹12,412 Cr	-₹11,913 Cr	-₹11,943 Cr	-₹13,983 Cr	-₹14,302 Cr	-₹12,743 Cr	-₹14,816 Cr	-₹12,837 Cr
OPM %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest Expense	₹13,972 Cr	₹14,749 Cr	₹15,943 Cr	₹16,727 Cr	₹17,261 Cr	₹17,615 Cr	₹18,040 Cr	₹18,121 Cr	₹18,239 Cr	₹17,971 Cr	₹18,785 Cr	₹19,080 Cr	₹20,215 Cr
Depreciation	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Profit before Tax (PBT)	₹8,192 Cr	₹8,314 Cr	₹8,688 Cr	₹9,985 Cr	₹8,643 Cr	₹9,177 Cr	₹9,007 Cr	₹9,895 Cr	₹8,180 Cr	₹7,496 Cr	₹9,371 Cr	₹7,247 Cr	₹10,161 Cr
Net Profit (PAT)	₹6,113 Cr	₹6,230 Cr	₹6,520 Cr	₹7,630 Cr	₹6,467 Cr	₹7,436 Cr	₹6,779 Cr	₹7,509 Cr	₹6,279 Cr	₹5,567 Cr	₹7,060 Cr	₹7,642 Cr	₹7,670 Cr
EPS in ₹	₹19.78	₹20.13	₹21.05	₹24.62	₹20.83	₹23.93	₹21.78	₹24.13	₹20.13	₹17.82	₹22.58	₹24.46	₹24.54

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Expenses	₹11,521 Cr	₹13,869 Cr	₹24,327 Cr	₹29,717 Cr	₹28,020 Cr	₹35,976 Cr	₹32,621 Cr	₹31,216 Cr	₹30,644 Cr	₹40,036 Cr	₹46,395 Cr	₹53,954 Cr	₹54,698 Cr
Operating Profit	-₹11,521 Cr	-₹13,869 Cr	-₹24,327 Cr	-₹29,717 Cr	-₹28,020 Cr	-₹35,976 Cr	-₹32,621 Cr	-₹31,216 Cr	-₹30,644 Cr	-₹40,036 Cr	-₹46,395 Cr	-₹53,954 Cr	-₹54,698 Cr
OPM %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Interest	₹21,341 Cr	₹24,344 Cr	₹26,789 Cr	₹27,604 Cr	₹33,883 Cr	₹37,996 Cr	₹34,627 Cr	₹34,923 Cr	₹43,389 Cr	₹61,391 Cr	₹71,036 Cr	₹74,075 Cr	₹76,051 Cr
Depreciation	₹420.00 Cr	₹461.00 Cr	₹527.00 Cr	₹591.00 Cr	₹737.00 Cr	₹806.00 Cr	₹976.00 Cr	₹1,046 Cr	₹13,143 Cr	₹1,385 Cr	₹1,763 Cr	₹1,889 Cr	₹0 Cr
Profit before Tax	₹11,283 Cr	₹12,690 Cr	₹5,954 Cr	₹566.00 Cr	₹7,592 Cr	₹5,280 Cr	₹9,750 Cr	₹18,929 Cr	₹18,621 Cr	₹35,178 Cr	₹36,722 Cr	₹32,293 Cr	₹34,275 Cr
Net Profit	₹7,450 Cr	₹8,358 Cr	₹3,967 Cr	₹464.00 Cr	₹5,047 Cr	₹1,879 Cr	₹7,252 Cr	₹14,207 Cr	₹10,919 Cr	₹26,492 Cr	₹28,191 Cr	₹26,548 Cr	₹27,939 Cr
EPS in Rs	31.42	35.04	16.51	1.78	19.59	6.57	23.49	45.99	35.16	85.49	90.58	84.89	89.40

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹474.00 Cr	₹477.00 Cr	₹479.00 Cr	₹513.00 Cr	₹514.00 Cr	₹564.00 Cr	₹613.00 Cr	₹614.00 Cr	₹615.00 Cr	₹617.00 Cr	₹619.00 Cr	₹622.00 Cr
Reserves & Surplus	₹44,475 Cr	₹53,082 Cr	₹55,901 Cr	₹63,694 Cr	₹67,288 Cr	₹85,776 Cr	₹1.03 Lakh Cr	₹1.18 Lakh Cr	₹1.29 Lakh Cr	₹1.56 Lakh Cr	₹1.87 Lakh Cr	₹2.14 Lakh Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Total Liabilities	₹4.67 Lakh Cr	₹5.46 Lakh Cr	₹6.11 Lakh Cr	₹7.04 Lakh Cr	₹8.14 Lakh Cr	₹9.28 Lakh Cr	₹10.01 Lakh Cr	₹11.96 Lakh Cr	₹13.44 Lakh Cr	₹15.18 Lakh Cr	₹16.57 Lakh Cr	₹19.46 Lakh Cr
Fixed Assets	₹2,447 Cr	₹3,358 Cr	₹3,518 Cr	₹3,697 Cr	₹3,842 Cr	₹3,912 Cr	₹4,501 Cr	₹4,753 Cr	₹5,000 Cr	₹5,860 Cr	₹6,661 Cr	₹6,776 Cr
Total Assets	₹4.67 Lakh Cr	₹5.46 Lakh Cr	₹6.11 Lakh Cr	₹7.04 Lakh Cr	₹8.14 Lakh Cr	₹9.28 Lakh Cr	₹10.01 Lakh Cr	₹11.96 Lakh Cr	₹13.44 Lakh Cr	₹15.18 Lakh Cr	₹16.57 Lakh Cr	₹19.46 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹15,162 Cr	-₹34,495 Cr	₹32,209 Cr	-₹38,390 Cr	₹37,125 Cr	₹30,416 Cr	₹12,633 Cr	₹28,137 Cr	₹22,075 Cr	-₹5,555 Cr	₹44,384 Cr	-₹8,637 Cr
Cash from Investing (CFI)	-₹7,972 Cr	₹9,211 Cr	-₹12,458 Cr	-₹10,007 Cr	-₹18,674 Cr	-₹9,485 Cr	-₹54,288 Cr	-₹27,112 Cr	-₹32,351 Cr	-₹9,001 Cr	-₹51,178 Cr	-₹45,068 Cr
Cash from Financing (CFF)	₹31,045 Cr	₹22,495 Cr	-₹2,487 Cr	₹41,342 Cr	₹5,643 Cr	₹8,865 Cr	₹7,279 Cr	₹47,894 Cr	₹6,641 Cr	₹22,341 Cr	-₹7,000 Cr	₹60,358 Cr
Free Cash Flow (FCF)	-₹15,691 Cr	-₹35,970 Cr	₹31,441 Cr	-₹39,233 Cr	₹36,300 Cr	₹29,339 Cr	₹11,708 Cr	₹26,736 Cr	₹20,697 Cr	-₹7,931 Cr	₹41,951 Cr	-₹10,797 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	30	30	30	30	30	30	30	30	30	30	30	30
Inventory Days	45	45	45	45	45	45	45	45	45	45	45	45
Cash Conversion Cycle (Days)	25	25	25	25	25	25	25	25	25	25	25	25
ROCE %	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%	6.24%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹1,366.76 • Fairly Valued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,336.40

DCF Fair Value

₹1,366.76

Graham Number

₹1,197.34

Margin of Safety

-3.4%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹1,366.76

Fairly Valued (Margin: -3.4%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹1,330	₹1,318	₹1,306	₹1,294
10%	₹1,355	₹1,342	₹1,330	₹1,318
12%	₹1,379	₹1,367	₹1,354	₹1,342
14%	₹1,404	₹1,391	₹1,379	₹1,366

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹1,367	Undervalued
Benjamin Graham Number	₹1,197	Market Priced
Historical Sector P/E	₹1,969	Discounted
EV / EBITDA Multiplier	₹1,403	In-Line
Free Cash Flow Yield Model	₹1,310	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

5.63 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 31.5%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

7.87%

FIIs (Foreign)

39.91%

DIIs (Domestic)

42.69%

Government

0.15%

Public / Retail

9.52%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	8.22%	8.20%	8.22%	8.31%	8.29%	8.23%	8.18%	8.17%	8.16%	8.15%	8.14%	7.87%
+ FIIs (Foreign Portfolio)	53.00%	54.68%	53.84%	53.43%	51.78%	47.32%	43.94%	43.81%	41.89%	42.58%	42.04%	39.91%
+ DIIs (Mutual Funds / Insurance)	29.03%	28.83%	30.12%	31.63%	33.21%	37.48%	40.87%	41.22%	42.87%	42.65%	43.35%	42.69%
+ Public (Retail & HNIs)	9.76%	8.27%	7.81%	6.63%	6.71%	6.97%	6.99%	6.80%	7.06%	6.61%	6.44%	9.52%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Financial Services.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

AXISBANK Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

AXISBANK Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

AXISBANK Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,710.59

Accelerated market share capture in Financial Services, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,496.77

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 14x P/E.

🐻 Bear Case (15%) -12.0%

₹1,176.03

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Financial Services)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:09 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Axis Bank Ltd (AXISBANK)	Target Stock	₹1,336.40	+1.96%	13.6x	13.1%	6.2%	0.00	₹3.79 Lakh Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	0.00	₹11.12 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	0.00	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,061.20	+1.84%	10.5x	15.4%	6.1%	0.00	₹8.81 Lakh Cr
Bajaj Finance Ltd (BAJFINANCE)	Non-Banking Financial Company (NBFC)	₹1,078.80	+1.31%	28.8x	18.2%	10.9%	0.00	₹5.90 Lakh Cr
Kotak Mahindra Bank Ltd (KOTAKBANK)	Private Sector Bank	₹487.70	+1.71%	20.7x	11.4%	7.0%	0.00	₹4.14 Lakh Cr
Bajaj Finserv Ltd (BAJAJFINSV)	Sector Peer	₹1,845.00	+0.44%	27.0x	13.2%	10.6%	5.52	₹2.78 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:09:09 IST	✓ Live Sync
Financial Statements (10Y)	Axis Bank Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Axis Bank Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Axis Bank Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Financial Services)

Metric Explainer

Stock DNA Methodology

Document Title