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Axis Bank Limited
(AXISBANK)
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Rating:62Neutral
Price Target:
₹1,327.00
â–²(7.23% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily shaped by mixed financial quality: strong revenue/profitability trends are offset by inconsistent and sometimes negative cash flow. Technicals are weak with the stock trading below major moving averages and a negative MACD. Valuation provides support with a reasonable P/E and a high dividend yield.
Positive Factors
Diversified revenue streams
Axis Bank's business model combines net interest income, fees/commissions, treasury/markets and other income. This multi-stream model creates durable revenue diversification, supports margins through fee income, and gives flexibility to reweight earnings mix across cycles, reducing single-source earnings risk over the medium term.
Negative Factors
Cash flow volatility and negative years
Repeated negative operating/free cash flow years weaken confidence in earnings-to-cash conversion and limit internal funding for growth or shareholder returns. For a bank, volatile cash flows can reflect timing of deposits, portfolio changes or provisioning, raising structural concerns about liquidity management and cash resiliency across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Axis Bank's business model combines net interest income, fees/commissions, treasury/markets and other income. This multi-stream model creates durable revenue diversification, supports margins through fee income, and gives flexibility to reweight earnings mix across cycles, reducing single-source earnings risk over the medium term.
Read all positive factors
Axis Bank Limited (AXISBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.86T
Dividend Yield0.08%
Average Volume (3M)293.00K
Price to Earnings (P/E)13.9
Beta (1Y)1.33
Revenue Growth4.10%
EPS Growth-0.66%
CountryIN
Employees101,337
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)89.43
Shares Outstanding3,113,245,000
10 Day Avg. Volume316,429
30 Day Avg. Volume292,996
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
₹1,582.50Price Target Upside27.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)98.39
Revenue Forecast (FY)₹931.72B
Axis Bank Limited Business Overview & Revenue Model
Company Description
Axis Bank Limited, established in 1993 and headquartered in Mumbai, India, delivers a comprehensive suite of financial solutions both domestically and across international markets. Formerly known as UTI Bank Limited until its rebranding in July 20...
How the Company Makes Money
Axis Bank primarily earns money through a mix of interest-based income and fee-based income. (1) Net interest income (NII): The bank collects interest on loans and credit products (retail loans such as home/auto/personal loans, SME lending, and co...
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 | 1.65T | 1.62T | 1.56T | 1.38T | 1.06T | 861.20B |
| Gross Profit | 853.30B | 881.37B | 848.91B | 766.03B | 624.16B | 511.98B |
| EBITDA | 351.94B | 341.86B | 384.89B | 365.66B | 317.67B | 199.78B |
| Net Income | 277.73B | 263.85B | 280.55B | 263.86B | 108.18B | 141.19B |
Balance Sheet | ||||||
| Total Assets | 19.86T | 19.46T | 16.57T | 15.18T | 13.44T | 11.96T |
| Cash, Cash Equivalents and Short-Term Investments | 1.36T | 1.09T | 1.03T | 1.38T | 1.39T | 1.54T |
| Total Debt | 2.85T | 2.81T | 2.21T | 2.28T | 1.98T | 1.82T |
| Total Liabilities | 17.62T | 17.30T | 14.69T | 13.61T | 12.14T | 10.77T |
| Stockholders Equity | 2.23T | 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
Neutral
1237.50
Price Trends
1261.66
Negative
1284.26
Negative
1286.90
Negative
Market Momentum
0.37
Negative
51.59
Neutral
27.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AXISBANK, the sentiment is Neutral. The current price of 1237.5 is below the 20-day moving average (MA) of 1250.40, below the 50-day MA of 1261.66, and below the 200-day MA of 1286.90, indicating a neutral trend. The MACD of 0.37 indicates Negative momentum. The RSI at 51.59 is Neutral, neither overbought nor oversold. The STOCH value of 27.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:AXISBANK.
Axis Bank Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹9.98T | 17.66 | ― | 0.86% | 5.08% | 4.84% | |
75 Outperform | ₹9.25T | 10.81 | ― | 1.73% | 6.56% | 4.93% | |
70 Outperform | ₹10.59T | 13.50 | ― | 2.23% | 1.75% | 11.25% | |
69 Neutral | ₹4.12T | 20.42 | ― | 0.16% | 5.94% | 7.82% | |
62 Neutral | ₹3.86T | 13.93 | ― | 0.08% | 4.10% | -0.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹780.70B | 58.53 | ― | 0.15% | -6.52% | 31.06% |
* General Sector Average
IN:AXISBANK
Axis Bank Limited
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Axis Bank Limited Corporate Events
Axis Bank Publishes Q1 FY27 Earnings Call Transcript
Jul 24, 2026
Axis Bank has released the transcript of its July 18, 2026 earnings call discussing unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The bank has made the document available on its website in line with d...
Axis Bank marginally boosts equity base via ESOP and RSU allotment
Jul 14, 2026
Axis Bank Limited has marginally increased its equity base through the allotment of 50,993 shares with a face value of Rs. 2 each, following the exercise of employee stock options and restricted stock units under its ESOP and RSU schemes. As a res...
Axis Bank adds US$100 million to offshore AT1 capital issue
Jul 14, 2026
Axis Bank Limited has raised an additional US$100 million through the successful allotment of 6.875% Additional Tier 1 Notes, which will be consolidated into a single US$600 million AT1 series with notes issued on June 30, 2026. The issuance, comp...
Axis Bank Secures Offshore Listing for Additional US$100 Million AT1 Notes
Jul 14, 2026
Axis Bank has secured final listing approvals from the Global Securities Market of India International Exchange and the Debt Securities Market of NSE IFSC for US$100 million 6.875% Additional Tier 1 notes. These new AT1 notes will be consolidated ...
Axis Bank Posts Strong Provisional Growth in Advances and Deposits for Q1 FY27
Jul 4, 2026
Axis Bank has reported provisional figures for the quarter ended June 30, 2026, indicating continued expansion in its lending and deposit base. Gross advances rose to ₹12,729 billion, up 18.8% year-on-year and 2.3% quarter-on-quarter, unders...
Axis Bank details London investor meetings at IIFL Invest India Conference
Jun 23, 2026
Axis Bank has disclosed that it participated in the IIFL Invest India Conference held in London on June 23, 2026, where senior management met with a range of global institutional investors and asset managers. The bank has also made the related inv...
Axis Bank Boosts Paid-Up Capital with New ESOP Share Allotment
Jun 23, 2026
Axis Bank has increased its paid-up share capital through the allotment of 249,399 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. The bank’s...
Axis Bank Clarifies Non-Participation in J.P. Morgan Asia Pacific Forum Meetings
Jun 22, 2026
Axis Bank Limited, a leading private sector lender with a diversified retail and institutional client base, is listed on the National Stock Exchange of India and BSE and plays a significant role in India’s banking and financial services land...
Axis Bank hosts Mumbai investor meet with global institutions
Jun 22, 2026
Axis Bank Limited held a group meeting with select analysts and institutional investors in Mumbai on June 22, 2026, in line with regulatory disclosure requirements. The bank has made the related investor presentation available on its website, unde...
Axis Bank publishes investor presentation for scheduled analyst meet
Jun 21, 2026
Axis Bank has notified the stock exchanges about the schedule of an upcoming meeting with analysts and institutional investors, continuing its engagement with the capital markets community. The bank has made the related investor presentation publi...
Axis Bank Allots 148,481 Shares Under ESOP and RSU Schemes
Jun 16, 2026
Axis Bank has allotted 148,481 equity shares with a face value of Rs. 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 paid-up s...
Axis Bank engages global investors at Goldman Sachs Asia Corporate Day in London
Jun 10, 2026
Axis Bank Limited has disclosed that it participated in the Goldman Sachs Asia Corporate Day held in London on June 10, 2026, as part of its regular engagement with analysts and institutional investors under Indian listing regulations. The bank me...
Axis Bank details analyst and institutional investor meet at Morgan Stanley India forum
Jun 3, 2026
Axis Bank Limited has disclosed that it participated in the Morgan Stanley India Investment Forum 2026 in Mumbai, holding an analyst and institutional investor meet in compliance with SEBI’s listing and disclosure regulations. The bank has m...
Axis Bank to Engage Investors at BofA India Conference 2026
May 26, 2026
Axis Bank has scheduled an in-person group meeting with analysts and institutional investors at the BofA India Conference 2026 in Mumbai on June 1, 2026. The bank has also made a related investor presentation available on its website, and stated t...
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.