Federal Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –Federal Bank Limited is an Indian private sector bank providing a variety of financial and banking services. The bank has been operating for more than 90 years and has a customer base of approximately 16.6 million in India, served by more than 1400 branches and 1900 ATMs.
Latest Update – Over the quarter that concluded on June 30, 2024, Federal Bank declared a solitary net profit of Rs 1,009.5 crore up from Rs 853.74 crore in Q1FY24 reflecting an annual increase of 18.2%.
Federal Bank Overview
Contents
The Federal Bank Limited was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.It is the second-largest bank and the largest private sector bank in Kerala.
| Company Name | Federal Bank Limited |
| Listed at | NSE & BSE |
| Head Office | 751- B, Raviwar Peth, Azad Chowk, Kolhapur, Maharashtra – 416012 |
| Board Of Directors |
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| Official Website | federalbank.co.in |
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Federal Bank Business Profile
Federal Bank provides its customers with personal, corporate, NRI, SME banking, and online banking services. They have over 1400 branches in 24 states and 1900 ATMs across India. Federal Bank is mostly found in Kerala, Tamil Nadu, Karnataka, and Maharashtra. The following services are available from them: Internet banking, Mobile banking, online bill payment, online fee collection, online religious offerings, depository services, online e-trade services, Cash Management Services.
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Loan Book
55% of the entire loan book consists of retail loans while the other 45% consists of wholesale loans. 35% of the loans are categorized as corporate and institutional banking (CIB), retail (32%), Agri (13%), Commercial Banking (CoB) (10%) or BuB (8%), Commercial Vehicles and Construction Equipment (1%) , MFI (1%).
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Now the bank receives about 27% from Loan processing fee, 27% from Cards, 16% from general service charges, 12% from FX, 11% from banking commissions & exchanges and 8% from para banking.
Strategic Alliances
The Bank now has in its CV/ CE Business segment a strategic partnership it recently entered with Cholamandalam M S General Insurance Company Ltd for the distribution of Motor insurance products. The total number of insurance partners of the bank now stands at 8 after the collaboration.
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Digitized banking operations have widely been accepted by the bank. 94% of transactions are serviced digitally (Retail + Corporate). There has been a yearly increment of 71% in digital transactions which are now at 94%.
Subsidiaries and JV Operations
Federal Operations and Services Ltd – Federal Operations and Services LIMITED ( FedServ) is a wholly owned Subsidiary Company of the Bank. The company provides operational and technology-oriented services to the Bank. It can be located in Bangalore, Visakhapatnam, and Kochi.
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Fedbank Financial Services Ltd – Toasts products from the Bank Retail asset marketing. Throughout the whole of India, there are centers for Retail Hubs and they have been set up. For quick processing of retail loans coming from this channel, another approach has been installed in the system.
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Ageas Federal Life Insurance Company – In partnership with Ageas, the bank has jointly established life insurance company. The life insurance products have been on sale since March 2008.
Equirus Capital Pvt Ltd – It has operations in India and offers IB, FI, insurance broking, institutional equities, as well as portfolio & WM services. It also owns three subsidiaries, Equirus Securities Private Limited, Equirus Digital Private Limited and Equirus Wealth Private Limited.
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Federal Bank Fundamentals & Quarterly Results
| Market Cap | ₹ 42,921 Cr. |
| Current Price | ₹ 176 |
| High / Low | ₹ 176 / ₹ 121 |
| Stock P/E | 11.1 |
| Book Value | ₹ 105 |
| Dividend Yield | 0.57 % |
| ROCE | 7.56 % |
| ROE | 17.5 % |
| Face Value | ₹ 2.00 |
| Debt to equity | 10.8 |
| Debt Capacity | -3.81 |
| Debt preceding year | ₹ 2,38,850 Cr. |
| Debt | ₹ 2,38,850 Cr. |
| Reserves | ₹ 21,699 Cr. |
| EPS | ₹ 15.9 |
| EPS last year | ₹ 15.9 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 8.35 Cr. |
| EV/EBITDA | 13.4 |
| Industry PE | 13.1 |
| PEG Ratio | 0.45 |
| Piotroski score | 6.00 |
| Earnings yield | 7.49 % |
| Sales growth 5 Years | 15.2 % |
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Federal Bank Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,686 | 3,843 | 4,259 | 4,698 | 5,012 | 5,350 | 5,791 | 6,085 | 6,339 |
| Interest | 2,030 | 2,104 | 2,349 | 2,585 | 2,938 | 3,255 | 3,544 | 3,760 | 3,936 |
| Expenses | 1,363 | 1,351 | 1,541 | 1,544 | 1,574 | 1,634 | 1,661 | 1,814 | 1,917 |
| Financing Profit | 294 | 388 | 369 | 569 | 500 | 461 | 586 | 511 | 486 |
| Financing Margin % | 8% | 10% | 9% | 12% | 10% | 9% | 10% | 8% | 8% |
| Other Income | 484 | 475 | 628 | 565 | 768 | 741 | 757 | 908 | 810 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 778 | 863 | 997 | 1,134 | 1,269 | 1,202 | 1,343 | 1,420 | 1,296 |
| Tax % | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 25% | 25% |
| Net Profit | 599 | 645 | 745 | 856 | 964 | 894 | 1,007 | 1,067 | 996 |
| EPS in Rs | 2.79 | 3.02 | 3.48 | 3.99 | 4.51 | 4.16 | 4.23 | 4.26 | 3.99 |
| Gross NPA % | 2.78% | 2.67% | 2.45% | 2.42% | 2.35% | 2.37% | 2.27% | 2.28% | 2.11% |
| Net NPA % | 0.98% | 0.96% | 0.82% | 0.77% | 0.73% | 0.74% | 0.68% | 0.68% | 0.63% |
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CAGR Report
| 10 Years | 5 Years | 3 Years | TTM / 1 Year | |
|---|---|---|---|---|
| Compounded Sales Growth | 13% | 15% | 18% | 32% |
| Compounded Profit Growth | 16% | 24% | 33% | 23% |
| Stock Price CAGR | 11% | 11% | 28% | 42% |
| Return on Equity | 12% | 14% | 15% | 18% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| FIIs | 31.29% | 37.79% | 37.24% | 33.31% | 24.51% | 26.01% | 26.94% | 28.57% |
| DIIs | 30.88% | 31.05% | 29.73% | 37.10% | 43.29% | 43.25% | 43.66% | 45.16% |
| Public | 37.83% | 31.16% | 33.03% | 29.59% | 32.20% | 30.74% | 29.41% | 26.28% |
| No. of Shareholders | 1,70,800 | 3,05,854 | 3,40,330 | 3,62,898 | 5,29,134 | 7,23,623 | 7,36,674 | 8,70,010 |
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| Month | Target |
| January | ₹396 |
| February | ₹404 |
| March | ₹412 |
| April | ₹398 |
| May | ₹385 |
| June | ₹372 |
| July | ₹387 |
| August | ₹402 |
| September | ₹418 |
| October | ₹426 |
| November | ₹435 |
| December | ₹444 |
| Month | Target |
| January | ₹202 |
| February | ₹206 |
| March | ₹210 |
| April | ₹203 |
| May | ₹196 |
| June | ₹189 |
| July | ₹197 |
| August | ₹205 |
| September | ₹213 |
| October | ₹217 |
| November | ₹221 |
| December | ₹225 |
| Month | Target |
| January | ₹230 |
| February | ₹235 |
| March | ₹240 |
| April | ₹232 |
| May | ₹224 |
| June | ₹217 |
| July | ₹226 |
| August | ₹235 |
| September | ₹244 |
| October | ₹249 |
| November | ₹254 |
| December | ₹259 |
| Month | Target |
| January | ₹264 |
| February | ₹269 |
| March | ₹274 |
| April | ₹265 |
| May | ₹256 |
| June | ₹247 |
| July | ₹257 |
| August | ₹267 |
| September | ₹278 |
| October | ₹284 |
| November | ₹290 |
| December | ₹296 |
| Month | Target |
| January | ₹302 |
| February | ₹308 |
| March | ₹314 |
| April | ₹304 |
| May | ₹294 |
| June | ₹284 |
| July | ₹295 |
| August | ₹307 |
| September | ₹319 |
| October | ₹325 |
| November | ₹332 |
| December | ₹339 |
| Month | Target |
| January | ₹346 |
| February | ₹353 |
| March | ₹360 |
| April | ₹348 |
| May | ₹336 |
| June | ₹325 |
| July | ₹338 |
| August | ₹352 |
| September | ₹366 |
| October | ₹373 |
| November | ₹380 |
| December | ₹388 |
| Month | Target |
| January | ₹396 |
| February | ₹404 |
| March | ₹412 |
| April | ₹398 |
| May | ₹385 |
| June | ₹372 |
| July | ₹387 |
| August | ₹402 |
| September | ₹418 |
| October | ₹426 |
| November | ₹435 |
| December | ₹444 |
Official Website –federalbank.co.in