Axis Bank Limited (IN:AXISBANK)
:AXISBANK
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Axis Bank Limited
(AXISBANK)
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Rating:69Neutral
Price Target:
₹1,450.00
â–²(6.68% Upside)
Action:DowngradedDate:04/28/26
The score is primarily driven by solid financial momentum but weighed down by volatile and sometimes negative cash flow and meaningful leverage. Technicals are supportive with a clear uptrend, and valuation appears reasonable on earnings (though the dividend yield is low).
Positive Factors
Revenue Growth
Sustained, large-scale revenue growth over 2022-2025 indicates durable expansion of lending, fees and treasury income across retail, SME and corporate segments. This scale supports diversified revenue mix, funds reinvestment in digital capabilities, and underpins medium-term profitability resilience.
Negative Factors
EPS Contraction
Negative EPS growth indicates per-share earnings have declined despite revenue gains, suggesting margin pressure, higher provisions, or dilution effects. Persisting EPS weakness can limit ROE improvement and constrain shareholder returns absent operational or capital-efficiency fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, large-scale revenue growth over 2022-2025 indicates durable expansion of lending, fees and treasury income across retail, SME and corporate segments. This scale supports diversified revenue mix, funds reinvestment in digital capabilities, and underpins medium-term profitability resilience.
Read all positive factors
Axis Bank Limited (AXISBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.03T
Dividend Yield0.08%
Average Volume (3M)196.82K
Price to Earnings (P/E)14.0
Beta (1Y)1.27
Revenue Growth4.70%
EPS Growth-7.13%
CountryIN
Employees104,633
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)22.80
Shares Outstanding3,108,566,000
10 Day Avg. Volume312,501
30 Day Avg. Volume196,816
Financial Highlights & Ratios
PEG Ratio-2.24
Price to Book (P/B)1.72
Price to Sales (P/S)2.28
P/FCF Ratio-34.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,625.00Price Target Upside19.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)100.47
Revenue Forecast (FY)₹955.18B
Axis Bank Limited Business Overview & Revenue Model
Company Description
Axis Bank Limited provides financial services in India and internationally. It operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. The Treasury segment is involved in investments in so...
How the Company Makes Money
Axis Bank primarily makes money through (1) net interest income and (2) fee and other income. Net interest income is earned from the spread between interest received on assets (such as retail loans including home/auto/personal loans, credit card r...
Axis Bank Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.59T | 1.62T | 1.56T | 1.38T | 1.06T | 861.20B |
| Gross Profit | 649.29B | 881.37B | 848.91B | 766.03B | 624.16B | 511.98B |
| EBITDA | 345.77B | 341.86B | 384.89B | 365.66B | 317.67B | 199.78B |
| Net Income | 259.89B | 263.85B | 280.55B | 263.86B | 108.18B | 141.19B |
Balance Sheet | ||||||
| Total Assets | 17.30T | 19.46T | 16.57T | 15.18T | 13.44T | 11.96T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.09T | 1.03T | 1.38T | 1.39T | 1.54T |
| Total Debt | 2.41T | 2.81T | 2.21T | 2.28T | 1.98T | 1.82T |
| Total Liabilities | 15.30T | 17.30T | 14.69T | 13.61T | 12.14T | 10.77T |
| Stockholders Equity | 2.00T | 2.15T | 1.87T | 1.57T | 1.30T | 1.18T |
Cash Flow | ||||||
| Free Cash Flow | -472.34B | -108.47B | 419.38B | -79.40B | 206.85B | 267.28B |
| Operating Cash Flow | -461.74B | -86.37B | 443.84B | -55.55B | 220.75B | 281.37B |
| Investing Cash Flow | -205.86B | -459.17B | -512.15B | -90.88B | -326.94B | -272.32B |
| Financing Cash Flow | 509.89B | 603.58B | -70.00B | 223.41B | 66.41B | 1.71T |
Axis Bank Limited Technical Analysis
Positive
1359.15
Price Trends
1304.54
Positive
1289.69
Positive
1217.34
Positive
Market Momentum
20.09
Negative
62.72
Neutral
86.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AXISBANK, the sentiment is Positive. The current price of 1359.15 is above the 20-day moving average (MA) of 1257.64, above the 50-day MA of 1304.54, and above the 200-day MA of 1217.34, indicating a bullish trend. The MACD of 20.09 indicates Negative momentum. The RSI at 62.72 is Neutral, neither overbought nor oversold. The STOCH value of 86.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AXISBANK.
Axis Bank Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹10.03T | 10.63 | ― | 1.64% | 9.16% | 3.16% | |
75 Outperform | ₹1.24T | 6.69 | ― | 2.66% | 4.68% | 23.02% | |
73 Outperform | ₹9.18T | 15.89 | ― | 0.81% | 5.95% | 4.84% | |
69 Neutral | ₹4.03T | 14.03 | ― | 0.08% | 4.70% | -7.13% | |
69 Neutral | ₹11.99T | 14.78 | ― | 1.10% | 5.21% | 6.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
48 Neutral | ₹711.79B | 65.89 | ― | 1.95% | -5.11% | -65.49% |
* Financial Sector Average
IN:AXISBANK
Axis Bank Limited
1,295.40
112.51
9.51%
IN:CANBK
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136.95
42.90
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IN:HDFCBANK
HDFC Bank Limited
778.80
-170.25
-17.94%
IN:ICICIBANK
ICICI Bank Limited
1,280.50
-131.16
-9.29%
IN:INDUSINDBK
IndusInd Bank Ltd.
913.60
75.15
8.96%
IN:SBIN
State Bank of India
1,086.40
313.77
40.61%
Axis Bank Limited Corporate Events
Axis Bank Publishes FY26 Audited Results in Leading Newspapers
Apr 27, 2026
Axis Bank Limited announced that it has published extracts of its audited financial results for the quarter and year ended March 31, 2026 in multiple national and regional newspapers. The disclosures, made in compliance with SEBI Listing Regulatio...
Axis Bank posts earnings call recording for FY 2025-26 results
Apr 25, 2026
Axis Bank has notified the stock exchanges that it conducted an earnings call with analysts and investors on April 25, 2026, to discuss its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The ba...
Axis Bank faces EPFO levy for PF remittance delays, sees no material impact
Apr 17, 2026
Axis Bank has disclosed that the Employees Provident Fund Organization has issued orders imposing damages of Rs 91.5 lakh and interest of about Rs 47.3 lakh for delayed remittance of provident fund and related dues between April 1, 2022 and June 1...
Axis Bank files SEBI compliance certificate on demat share processing
Apr 6, 2026
Axis Bank has notified the stock exchanges that it has received a compliance certificate from its registrar and share transfer agent, KFin Technologies, for the quarter ended 31 March 2026 under Regulation 74(5) of the SEBI (Depositories and Parti...
Axis Bank Posts Strong Provisional Growth in Loans and Deposits for Q4 FY26
Apr 5, 2026
Axis Bank reported provisional key operating figures for the quarter ended 31 March 2026, showing gross advances of ₹12.44 trillion, up 6.3% quarter-on-quarter and 18.4% year-on-year, underscoring continued strong credit growth. Total deposi...
Axis Bank details institutional investor interactions at Mumbai financials seminar
Mar 17, 2026
Axis Bank informed the stock exchanges that it participated in the Morgan Stanley India Financials Seminar held in Mumbai on March 17, 2026, engaging with a wide range of analysts and institutional investors. The bank indicated that a detailed inv...
Axis Bank Engages Key Institutional Investors at Investec India Banks CEO Day
Mar 13, 2026
Axis Bank Limited, a major Indian private-sector lender listed on NSE and BSE, provides diversified banking and financial services across retail, corporate, and institutional segments. The bank targets a broad spectrum of domestic and internationa...
Axis Bank to Engage Investors at Morgan Stanley India Financials Seminar
Mar 12, 2026
Axis Bank has announced its participation in the Morgan Stanley India Financials Seminar, scheduled as a virtual group meeting on March 17, 2026, in Mumbai, targeting analysts and institutional investors. The bank has made its investor presentatio...
Axis Bank Allots 287,534 Equity Shares Under Employee Stock Schemes
Mar 4, 2026
Axis Bank has allotted 287,534 new equity shares of ₹2 each following the exercise of stock options and restricted stock units granted under its employee share-based schemes. The issuance marginally increases the bank’s paid-up share c...
Axis Bank engages global investors at Daiwa Tokyo conference
Mar 3, 2026
Axis Bank Limited, a major private sector lender in India with extensive retail, corporate, and treasury operations, continues to position itself as an important player in the domestic financial services market and a regular point of focus for ins...
Axis Bank details participation in Kotak Chasing Growth 2026 investor meet
Feb 26, 2026
Axis Bank Limited notified the stock exchanges that it participated in an analyst and institutional investors meet held on February 26, 2026, under the event “Kotak Chasing Growth 2026” in Mumbai. The bank said details of the interacti...
Axis Bank Issues New Shares on ESOP, RSU Exercise
Feb 24, 2026
Axis Bank has allotted 263,239 new equity shares with a face value of ₹2 each following the exercise of employee stock options and restricted stock units under its ESOP and RSU schemes. This allotment marginally increases the bank’s pa...
Axis Bank to Meet Investors at Kotak Chasing Growth 2026 Conference
Feb 23, 2026
Axis Bank has notified the stock exchanges that its management will participate in the “Kotak Chasing Growth 2026” investor conference on February 26, 2026, in Mumbai. The meeting will be an in-person group interaction with analysts an...
Axis Bank denies plans to bid for stake in CreditAccess Grameen
Feb 22, 2026
Axis Bank has clarified that it has neither submitted nor plans to submit any bid for a stake in microfinance lender CreditAccess Grameen Limited, responding to market queries on the matter. The bank stated that there is no material event requirin...
Axis Bank courts global funds at Singapore investor conference
Feb 4, 2026
Axis Bank disclosed that it engaged with global buy-side institutions at the ICICI Securities Investor Conference in Singapore on 4 February 2026, sharing its latest presentation via its investor relations site and reinforcing transparency with ma...
Axis Bank Raises Paid-Up Capital Through ESOP, RSU Share Allotment
Feb 3, 2026
Axis Bank has allotted 438,206 equity shares with a face value of Rs. 2 each following the exercise of stock options and restricted stock units under its employee share schemes. As a result of this ESOP/RSU-related issuance, the bank’s paid-...
Axis Bank Posts Q3 FY26 Earnings Call Transcript Online for Investor Access
Feb 2, 2026
Axis Bank Limited has disclosed that the transcript of its earnings call, held on January 26, 2026 to discuss the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, has been made availa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.