Axis Bank (AXISBANK) had a P/E of 13.8× on 6 Nov 2026. Net profit grew 35% a year over 3 years, with ROE of 14%. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 1.78× book value and its dividend yield is 0.1%. It is a large-cap company with a market cap of ₹4.1 lakh crore, ranked 5th of 41 Banks (Regional) companies by market cap; the shares rose 4.4% over the past year.
- ₹1,288.50
- ₹1,324.50
- ₹1,272.10
- ₹1,280.00
- 91 L
Health check
- ReturnsIn line
+4.4% over a year, better than 3 of 7 peers.
- Price tagPricier
P/B 1.78 vs peer median 1.40.
- GrowthStrong
Profit +34.6% a year over 3 years.
- ProfitabilityAverage
ROE 13.9% vs peer median 14.7%.
- Balance sheetSolid
Return on assets 1.56%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹4.1L Cr
- Large cap
- P/E
- 13.8
- Industry 9.2
- Price to book
- 1.78
- Peers 1.40
- Dividend yield
- 0.08%
- ROE
- 13.9%
- Peers 14.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹95.83
- Face value ₹2
- OPM (TTM)
- 47.1%
- Net margin 37.0%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +39.0%
- Latest quarter vs a year ago
- Price to sales
- 5.09
Strengths and risks
Strengths
- Quarterly profit up 39.0% on a year ago.
About Axis Bank
Axis Bank Limited provides various financial products and services in India and internationally. The company operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. It provides fixed, recurring, and safe deposits; and saving, salary, current, safe custody, pension disbursement, and demat and trading accounts. The company also offers home, personal, car, two-wheeler, business, commercial vehicle…
- Headquarters
- Mumbai
- Employees
- 1,01,337
- Sector
- Financial Services
- ISIN
- INE238A01034
- Website
- axis.bank.in
Price range
- Avg volume (3M)
- 58.4 L
- 1-year return
- plus 4.4%
- From 52-week high
- minus 6.7%
Analyst consensus
Peers · Banks - Regional
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 1.7% | 12.5% | 1.65% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 2.1% | 16.8% | 0.76% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 1.2% | 14.4% | 1.70% | plus 5.1% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 2.1% | 8.9% | 0.14% | plus 11.4% |
| AXISBANKAxis Bank | 1,322.90 | plus 3.35% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 34.6% | 0.08% | plus 4.4% |
| PNBPunjab National Bank | 126.55 | plus 0.36% | 1,45,443 | 6.4 | 0.90 | 15.1% | 1.1% | 76.4% | 2.37% | plus 2.3% |
| UNIONBANKUnion Bank of India | 187.00 | minus 0.53% | 1,42,748 | 6.5 | 1.00 | 16.3% | 1.4% | 31.7% | 2.67% | plus 24.1% |
| BANKBARODABank of Baroda | 250.31 | plus 0.26% | 1,29,444 | 6.5 | 0.74 | 11.9% | 1.0% | 10.0% | 3.40% | minus 13.3% |
| Median of 7 peers | – | 1.20% | 4,77,498 | 10.4 | 1.40 | 14.7% | 1.4% | 14.4% | 1.70% | 5.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 22,162 | 22,113 | 22,063 | 22,998 | 23,741 | |
| 18,239 | 18,785 | 19,080 | 20,215 | 21,933 | |
| 8,180 | 9,371 | 7,247 | 10,161 | 10,352 | |
| 23.5% | 24.8% | −5.3% | 24.7% | 26.1% | |
| 6,244 | 7,011 | 7,603 | 7,632 | 7,705 | |
| 20.04 | 22.47 | 24.33 | 24.41 | 24.63 |
Profit & loss
- Profit CAGR 3Y
- +34.6%
- EPS CAGR 3Y
- +34.1%
- ROE
- 13.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 62,416 | 76,603 | 84,668 | 88,067 | |
| – | +22.7% | +10.5% | +4.0% | |
| 43,389 | 61,391 | 71,036 | 74,075 | |
| 13,146 | 1,388 | 1,767 | 1,893 | |
| 580 | 263 | −394 | 168 | |
| 18,621 | 35,178 | 36,722 | 32,293 | |
| 41.7% | 24.9% | 23.4% | 18.0% | |
| 10,818 | 26,386 | 28,055 | 26,385 | |
| – | +143.9% | +6.3% | minus 6.0% | |
| 35.04 | 85.01 | 90.18 | 84.48 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 615 | 617 | 619 | 622 | |
| 1,29,166 | 1,56,406 | 1,86,616 | 2,14,414 | |
| 1,98,445 | 2,28,200 | 2,20,687 | 2,80,511 | |
| 10,16,192 | 11,33,015 | 12,49,040 | 14,50,504 | |
| 13,44,418 | 15,18,239 | 16,56,963 | 19,46,050 | |
| 4,853 | 5,838 | 6,492 | 6,756 | |
| 142 | 267 | 121 | 269 | |
| 2,02,647 | 1,92,135 | 2,45,538 | 3,67,654 | |
| 1,39,272 | 1,38,050 | 1,17,149 | 1,18,041 | |
| 9,97,504 | 11,81,949 | 12,87,662 | 14,53,330 | |
| 13,44,418 | 15,18,239 | 16,56,963 | 19,46,050 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22,075 | −5,555 | 44,384 | −8,637 | |
| −32,694 | −9,088 | −51,215 | −45,917 | |
| 6,641 | 22,341 | −7,000 | 60,358 | |
| −3,979 | 7,698 | −13,832 | 5,804 | |
| −1,389 | −2,385 | −2,446 | −2,210 | |
| 20,685 | −7,940 | 41,938 | −10,847 | |
| −307 | −308 | −309 | −310 |
Shareholding pattern
- Promoters7.86%
- Public92.14%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 7.86% | 92.14% | minus 0.01 | |
| 30 Jun 2026 | 7.87% | 92.13% | minus 0.27 | |
| 31 Mar 2026 | 8.14% | 91.86% | minus 0.01 | |
| 31 Dec 2025 | 8.15% | 91.85% | minus 0.01 | |
| 30 Sep 2025 | 8.16% | 91.84% | – |
Major shareholders
Filings & events
News
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