Idbi Bank revenue increased on 8.9% in 2015

26-05-2015 • About Idbi Bank ($IDBIBANK) • By InTwits

Idbi Bank reported FY2015 financial results today. Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.

Idbi Bank ($IDBIBANK) key annual financial indicators

mln. INR	2011	2012	2013	2014	2015	2015/2014
P&L
Revenue	208,382	255,898	284,101	297,223	323,535	8.9%
Net Income	15,635	20,025	18,889	11,517	9,418	-18.2%
Balance Sheet
Cash		150,943	105,487	127,146	131,568	3.5%
Short Term Debt		241,511	9,105	298,405	357,720	19.9%
Long Term Debt		534,776	658,089	601,463	618,325	2.8%
Cash flow
Capex		1,596	1,227	2,225	2,716	22.1%
Ratios
Revenue growth	811.6%	22.8%	11.0%	4.6%	8.9%
Net Income Margin	7.5%	7.8%	6.6%	3.9%	2.9%	-1.0%
CAPEX, % of revenue		0.6%	0.4%	0.7%	0.8%	0.1%
ROIC			2.8%	1.1%		-1.1%
ROE			9.3%	5.1%	3.9%	-1.2%

Revenue and profitability

Idbi Bank's Revenue increased on 8.9% in FY2015.

Net Income marign decreased slightly on 0.96 pp from 3.9% to 2.9% in FY2015.

Capital expenditures (CAPEX) and working capital investments

In FY2015 Idbi Bank had CAPEX/Revenue of 0.84%. Idbi Bank showed almost no change in CAPEX/Revenue from FY2012 to FY2015. It's average CAPEX/Revenue for the last three years was 0.67%.

Leverage (Debt)

Debt increased on 8.5% in FY2015 while cash increased on 3.5% in FY2015.

Appendix 1: Peers in Banks

Below we provide Idbi Bank benchmarking against other companies in Banks industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.

Top companies by Revenue growth, %


Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
Kotak Mahindra Bank ($KOTAKBANK)		18.4%	22.9%	7.1%	26.1%
Dcb Bank ($DCBBANK)		26.7%	26.2%	22.5%	25.3%
Syndicate Bank ($SYNDIBANK)		32.2%	11.9%	7.9%	20.2%
Yes Bank ($YESBANK)		53.0%	33.7%	21.6%	17.7%
Axis Bank ($AXISBANK)		39.0%	24.5%	13.1%	15.6%
Median (24 companies)	-48.8%	29.5%	16.2%	10.9%	10.2%
Idbi Bank ($IDBIBANK)		22.8%	11.0%	4.6%	8.9%

Top companies by CAPEX/Revenue, %


Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
State Bank Of Mysore ($MYSOREBANK)	1.3%	1.6%	1.3%		3.5%
Jammu & Kashmir Bank ($J&KBANK)	5.6%	1.4%	1.3%	2.2%	3.3%
Lakshmi Vilas Bank ($LAKSHVILAS)	4.4%	2.1%	1.4%	1.6%	2.4%
Dcb Bank ($DCBBANK)	1.6%	9.0%	7.0%	1.6%	1.9%
Karur Vysya Bank ($KARURVYSYA)	4.2%	2.0%	2.9%	2.5%	1.7%
Median (24 companies)	1.3%	1.2%	1.2%	1.3%	1.3%
Idbi Bank ($IDBIBANK)		0.6%	0.4%	0.7%	0.8%

Top companies by ROIC, %


Top 5	FY2011	FY2012	FY2013	FY2014	FY2015
Karnataka Bank ($KTKBANK)	5.5%	6.8%	10.2%	7.7%	10.4%
Axis Bank ($AXISBANK)	10.2%	9.6%	8.9%	9.1%	8.8%
Yes Bank ($YESBANK)	11.8%	9.8%	8.4%	8.4%	8.7%
Kotak Mahindra Bank ($KOTAKBANK)	7.8%	6.8%	6.5%	7.1%	8.5%
Lakshmi Vilas Bank ($LAKSHVILAS)		6.5%	7.5%	0.7%	6.1%
Median (24 companies)	7.1%	7.2%	6.3%	3.4%	4.9%
Idbi Bank ($IDBIBANK)			2.8%	1.1%

Idbi Bank stock price chart

Idbi Bank financials

mln.	FY2010	FY2011	FY2012

Revenue	22,858	208,382	255,898
EBITDA	0.000	0.000	0.000
Net income	-145,107.000	15,635	20,025
CAPEX	0.000	0.000	1,596
Debt	477,095	0.000	776,287
Cash	139,035	0.000	150,943

About Idbi Bank

IDBI Bank Limited provides banking and financial solutions to retail and corporate clients primarily in India. It offers savings and current accounts, corporate payroll accounts, and retail term and recurring deposits; and loans, such as home, auto, education, and personal loans, as well as loan against properties and securities. The company also provides fund based assistance, including term loans; short term loans; working capital; packing credit to exporters; receivable buyout with recourse; channel financing for dealers of corporates; scheme for financing automated teller machines (ATM)/cash dispense vendors; bill discounting; technology upgrading fund scheme for textile and jute industries; and lending to NBFC/housing finance companies and commercial real estate sector. In addition, it offers non-fund based assistance, such as bank guarantee/performance guarantee, letters of credit, and buyers credit; cash management services comprising collection and payment products, debt service products, virtual account system, and host to host connectivity services; treasury services, including call money/notice money/term money, commercial papers, certificate of deposits, government securities, treasury bills, corporate bonds, equities, remittances, currency forward contracts, long-term foreign exchange, currency options, swaps, and forward rate agreements; and trade finance services. Further, the company provides finance to micro, small, and medium enterprises; agriculture finance; environmental services; products and services for non-resident Indians; investment advisory services; demat accounts; debit and prepaid cards; merchant establishments