Axis Bank Limited (AXISBANK) AI Stock Analysis

• Market Cap: ₹3.95T
• Dividend Yield: 0.08%
• Average Volume (3M): 196.82K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.26
• Revenue Growth: 6.08%
• EPS Growth: -7.26%
• Country: IN
• Employees: 104,633
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 16.40
• Shares Outstanding: 3,105,081,500
• 10 Day Avg. Volume: 312,501
• 30 Day Avg. Volume: 196,816
• PEG Ratio: 2.01
• Price to Book (P/B): 1.79
• Price to Sales (P/S): 2.15
• P/FCF Ratio: 8.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,406.67
• Price Target Upside: 10.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹1,249.00 ▼(-1.80% Downside)

Axis Bank's strong financial performance and solid technical indicators are the primary drivers of its stock score. The bank's robust revenue growth and profitability improvements are complemented by bullish technical momentum. However, the valuation is tempered by a low dividend yield, and the stock's technical indicators suggest caution due to potential overbought conditions.

Positive Factors

Revenue Growth

Axis Bank's significant revenue growth indicates a strong market position and effective business strategies, supporting long-term expansion.

Balance Sheet Health

Improved leverage management enhances financial stability, providing Axis Bank with greater flexibility to invest in growth opportunities.

Cash Generation

Strong cash generation capabilities indicate robust operational efficiency, enabling Axis Bank to sustain growth and manage financial obligations.

Negative Factors

EPS Decline

A decline in EPS growth suggests challenges in profit generation, which could impact investor confidence and long-term profitability.

Gross Profit Margin Decline

A declining gross profit margin may indicate rising costs or pricing pressures, potentially affecting future profitability and competitive positioning.

Dividend Yield

A low dividend yield may deter income-focused investors, impacting the attractiveness of Axis Bank's stock for those seeking regular income.

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 sovereign and corporate debt, and equity and mutual funds, as well as in trading operations, derivative trading, and foreign exchange operations The Retail Banking segment engages in the provision of lending services to individuals/small businesses; liability products, card services, internet banking, mobile banking, ATM services, depository, financial advisory services, and NRI services. The Corporate/Wholesale Banking segment offers corporate advisory, placements and syndication, project appraisals, capital market related, and cash management services. The Other Banking Business segment is involved in para banking activities. The company operates 4,759 branches. It also has a network of 10,990 ATMs and 5,972 recyclers; and eight international offices with branches at Singapore, Dubai, and Gift City, India; and representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is based in Mumbai, India.

How the Company Makes Money

Axis Bank generates revenue primarily through interest income, fees, and commissions. The bank earns a significant portion of its income from the interest charged on loans provided to customers, including personal loans, home loans, and business loans. Additionally, service fees and commissions from various banking services, such as credit and debit cards, fund transfers, and investment products, contribute to its revenue. The bank also engages in treasury operations, where it invests in government and corporate securities, generating interest income. Strategic partnerships with fintech companies and other industries enhance product offerings, expanding the customer base and driving additional revenue streams.

Axis Bank Limited Financial Statement Overview

Summary

Axis Bank exhibits strong financial growth, with significant improvements in revenue and profitability. The balance sheet is solid, reflecting effective leverage management, though there is room for optimizing equity utilization. The cash flow position is robust, supporting the bank's operational needs and growth initiatives. Overall, Axis Bank is well-positioned within the regional banking industry, with a positive outlook for continued financial strength and growth.

Income Statement

Axis Bank has demonstrated strong revenue growth with Total Revenue increasing from 861B in 2022 to 1.56T in 2025, representing a substantial growth trajectory. The Net Profit Margin improved from 16.4% in 2022 to 18% in 2025, indicating enhanced profitability. Gross Profit Margin increased from 59.4% in 2022 to 54.4% in 2025, showing efficiency in cost management. The EBIT Margin also improved, supporting the overall profitability enhancement. These metrics reflect a solid financial performance and growth potential.

Balance Sheet

Axis Bank's balance sheet reveals a robust equity base with an increase in Stockholders' Equity from 1.18T in 2022 to 1.87T in 2025. The Debt-to-Equity Ratio slightly decreased from 1.91 in 2022 to 1.18 in 2025, indicating improved leverage management. The Return on Equity (ROE) has remained strong, highlighting efficient use of equity to generate profits. However, the Equity Ratio showed moderate improvement, suggesting stable financial health with potential for further optimization.

Cash Flow

The cash flow analysis shows a positive trajectory with Free Cash Flow growing from 267B in 2022 to 453B in 2025, reflecting strong cash generation capabilities. Operating Cash Flow to Net Income Ratio remained stable, indicating consistent cash conversion efficiency. However, the Free Cash Flow to Net Income Ratio showed a slight fluctuation, highlighting the need for careful cash management to sustain growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.59T	1.56T	1.38T	1.06T	861.20B	779.83B
Gross Profit	865.18B	848.81B	766.03B	624.16B	511.98B	433.56B
EBITDA	362.59B	384.89B	365.66B	317.67B	199.78B	107.29B
Net Income	278.62B	280.55B	263.86B	108.18B	141.19B	71.95B
Balance Sheet
Total Assets	16.53T	16.57T	15.18T	13.44T	11.96T	10.01T
Cash, Cash Equivalents and Short-Term Investments	1.02T	1.03T	1.38T	1.39T	1.54T	1.10T
Total Debt	2.20T	2.21T	2.28T	1.98T	1.82T	1.34T
Total Liabilities	14.59T	14.69T	13.61T	12.14T	10.77T	8.97T
Stockholders Equity	1.94T	1.87T	1.57T	1.30T	1.18T	1.04T
Cash Flow
Free Cash Flow	0.00	419.38B	-79.40B	206.85B	267.28B	116.94B
Operating Cash Flow	0.00	443.84B	-55.55B	220.75B	281.37B	126.33B
Investing Cash Flow	0.00	-512.15B	-90.88B	-326.94B	-272.32B	-541.95B
Financing Cash Flow	0.00	-70.00B	223.41B	66.41B	1.71T	72.79B

Axis Bank Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1271.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1271.95 is above the 20-day moving average (MA) of 1255.51, above the 50-day MA of 1256.64, and above the 200-day MA of 1175.07, indicating a bullish trend. The MACD of 8.66 indicates Negative momentum. The RSI at 54.07 is Neutral, neither overbought nor oversold. The STOCH value of 75.06 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDFCBANK	79 Outperform	₹14.44T	19.86	―	1.10%	1.30%	3.86%
AXISBANK	76 Outperform	₹3.95T	15.16	―	0.08%	6.08%	-7.26%
SBIN	76 Outperform	₹9.23T	11.14	―	1.64%	8.90%	11.93%
CANBK	75 Outperform	₹1.37T	7.12	―	2.66%	8.89%	19.79%
ICICIBANK	71 Outperform	₹10.04T	18.69	―	0.81%	14.32%	11.36%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
INDUSINDBK	62 Neutral	₹687.22B	-90.51	―	1.95%	-7.44%	-109.30%

Axis Bank Limited Corporate Events

Axis Bank Issues 90,462 Equity Shares on ESOP, Marginally Raises Paid-Up Capital

Axis Bank has allotted 90,462 new equity shares of face value Rs. 2 each following the exercise of employee stock options and restricted stock units under its ESOP/RSU scheme. As a result, the bank’s paid-up share capital has marginally increased from Rs. 6,209,981,938 to Rs. 6,210,162,862, corresponding to an increase in the number of outstanding equity shares from 3,104,990,969 to 3,105,081,431, signaling routine equity dilution linked to employee compensation and incentive alignment for staff and management.

Axis Bank Seeks Shareholder Nod via Postal Ballot for Key Board Appointments

Axis Bank has initiated a postal ballot process to seek shareholder approval for key board changes, including the appointment of Neeraj Gambhir as a Director and Whole-time Director designated as Executive Director, with specified remuneration for a three-year term effective from October 20, 2025, following Reserve Bank of India approval. The bank is also seeking member approval for the appointment of Malavika R. Harita as an Independent Director, with voting conducted exclusively through remote e-voting between December 20, 2025 and January 18, 2026, underscoring Axis Bank’s ongoing efforts to strengthen its leadership structure and comply with evolving corporate governance and regulatory requirements.

Axis Bank Increases Equity Base with New Share Allotment

Axis Bank Limited has announced the allotment of 245,902 equity shares following the exercise of stock options under its ESOP/RSU scheme. This allotment has increased the bank’s paid-up share capital, reflecting a strategic move to enhance its equity base and potentially strengthen its market position.

Axis Bank Expands Share Capital with New Allotment

Axis Bank Limited has announced the allotment of 211,428 equity shares following the exercise of stock options under its ESOP/RSU scheme. This allotment has resulted in an increase in the bank’s paid-up share capital, reflecting its ongoing efforts to incentivize and retain talent through stock-based compensation.

Axis Bank Engages Stakeholders at Jefferies GEMS Conference 2025

Axis Bank Limited held an analyst and institutional investors meet at the Jefferies GEMS Conference 2025 in Dubai on November 24, 2025. This meeting, attended by prominent financial institutions such as DAMAC Group and Kuwait Investment Office, underscores Axis Bank’s commitment to engaging with key stakeholders and maintaining transparency in its operations.

Axis Bank to Raise Rs. 5,000 Crore via Debentures

Axis Bank Limited has announced its intention to raise funds by issuing Fully paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series 9) on a private placement basis. The bank plans to raise a base amount of Rs. 2,000 Crore, with an option to retain oversubscription up to Rs. 3,000 Crore, totaling Rs. 5,000 Crore. This move is part of the bank’s strategy to strengthen its financial position and support its growth initiatives.

Axis Bank Expands Share Capital with New Allotment

Axis Bank Limited has announced the allotment of 164,286 equity shares following the exercise of stock options under its ESOP/RSU Scheme. This move has increased the bank’s paid-up share capital, reflecting its ongoing commitment to employee engagement and retention through equity incentives, which may enhance its market position and stakeholder value.

Axis Bank Appoints Neeraj Gambhir as Executive Director

Axis Bank Limited has announced that the Reserve Bank of India (RBI) has approved the appointment of Neeraj Gambhir as an Executive Director of the bank. This appointment, effective from October 20, 2025, is set for a period of three years and is expected to strengthen the bank’s leadership team, potentially impacting its strategic direction and operations positively.

Axis Bank Releases Earnings Call Recording for September 2025

Axis Bank Limited has announced the availability of the audio recording of its earnings call for the quarter and half year ended September 30, 2025. This call, conducted with analysts and investors, discussed the bank’s unaudited financial results, reflecting its ongoing commitment to transparency and communication with stakeholders.