IndusInd Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

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IndusInd Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –IndusInd Bank Ltd is another Indian private sector bank that belongs to the new generation of banks in the country. Business lines of the Bank include corporate and retail banking, treasury and foreign exchange, investment banking capital markets, non-resident Indian/high-net worth Indian, and information technology banking among others. The Bank’s Business Divisions include: Retail/Consumer Banking, Consumer Finance, Global Markets Group, Corporate & Commercial Banking, Transaction Banking Group and Investment Banking. The Bank occupies its representative offices in London, Dubai, and Abu Dhabi.IndusInd Bank Share target

IndusInd Bank Overview

IndusInd Bank Limited, a banking company, came into existence In 1994. The Bank is a public company and offers various types of banking products and financial services not only to corporate and retail clients but also to carry on treasury operations. The Bank is operating within the territory of India and also abroad at the International Financial Service Centres in India.

Company NameIndusInd Bank Limited
Listed atNSE & BSE
Head Office2401 GEN THIMMAYYA ROAD CONTONMENT PUNE MH IN 411001.
Board Of Directors
  • Mr.Rakesh Bhatia Independent Director
  • Mrs.Bhavna Doshi Independent Director
  • Mr.Jayant Deshmukh Independent Director
  • Mr.Pradeep Udhas Independent Director
  • Mr.Rajiv Agarwal Independent Director
  • Mrs.Akila Krishnakumar Independent Director
  • Mr.Lingam V Prabhakar Independent Director
  • Mr.Sumant Kathpalia Managing Director & CEO
  • Mr.Sudip Basu Non Exe.Non Ind.Director
  • Mr.Sunil Mehta Part Time Chairman & Independent Director
  • Mr.Arun Khurana Whole Time Director
Official Websiteindusind.com

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IndusInd Bank Business Profile

IndusInd Bank which is the first in private sector banks in India was established in Mumbai in April 1994. IndusInd Bank Ltd India was initiated under the chairmanship of Srichand P Hinduja who is the head of Hinduja Group of Companies that mainly aimed to serve the non-resident Indian (NRI) population.

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In the third quarter of FY22, IndusInd Bank was the first bank in India to collaborate with NPCI to offer Cross Border NRI Remittances through UPI.

Areas of Expertise

The Bank has accumulated significant experience in the provision of vehicle finance, micro finance, and diamond manufacturing finance. These sectors combine to account for 43% of the loan book, having also performed better than the industry during the COVID waves.

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New Initiatives

For the purpose of improving the customer experience, the Bank undertook new initiatives during FY22, which include IndusEasyCredit, UPI Pre-Paid Voucher, Single Sign-On (SSO) for Corporate Channels, SME Journey – Indus Direct Mobile App and Indus Merchant Solutions Mobile App among others.

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Branch Network

As at June 30, 2022, the Bank maintained a vast network comprising of 2,286 banking outlets, 2,836 branches of BFIL, 817 Vehicle Finance Marketing outlets and 2,783 ATMs respectively. The regional distribution of banking outlets is presented here below.

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Urban – 25%
Rural – 23%
Metro – 32%
Semi-Urban – 20%

Loan Book

The lending portfolio of the bank is well spread out whereby 54% of total loans issued are on the consumer banking division while the remaining 46% are from corporate banking division.

Breakup –
Vehicle finance – 26%
Non Vehicle Retail – 16%
Microfinance – 12%
Mid-size Corporates – 17%
Large Corporates – 25%
Small Corporates – 4%

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Strategic Priorities

The bank remains committed to and believes in pursuing a growth strategy focused on and enabled by its liabilities, especially through retail deposits. It is investing in physical as well as digital distribution in order to support the growth in liabilities. Other strategic directives of the Bank for the following Financial Year include sustaining disbursement momentum, implementation of Digital 2.0 strategy, development and expansion of new initiatives, and enhancing financial performance.

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IndusInd Bank Fundamentals & Quarterly Results

Market Cap₹ 1,04,977 Cr.
Current Price₹ 1,348
High / Low₹ 1,694 / 1,329
Stock P/E11.7
Book Value₹ 807
Dividend Yield1.22 %
ROCE7.93 %
ROE15.2 %
Face Value₹ 10.0
Debt to Equity6.89
Debt Capacity-2.64
Debt (preceding year)₹ 3,85,449 Cr.
Debt (current year)₹ 4,32,404 Cr.
Reserves₹ 62,019 Cr.
EPS₹ 115
EPS (last year)₹ 115
Pledged Percentage45.5 %
FCF (Previous Year)₹ -12,958 Cr.
EV/EBITDA13.0
Industry PE11.4
PEG Ratio0.53
Piotroski Score5.00
Earnings Yield7.67 %
Sales Growth (5 Years)15.5 %

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IndusInd Bank Quarterly Results

PeriodJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Revenue8,1828,7089,45710,02110,73011,24811,57212,19912,547
Interest4,0574,4064,9625,3515,8636,1716,2776,8227,139
Expenses +3,9113,9343,9564,0974,2384,4514,6234,7494,972
Financing Profit214368539572629625672628436
Financing Margin %3%4%6%6%6%6%6%5%3%
Other Income +1,9292,0112,0762,1512,2102,2822,3962,5002,441
Depreciation000000000
Profit before tax2,1432,3792,6162,7232,8382,9073,0683,1282,877
Tax %25%25%25%25%25%25%25%25%25%
Net Profit +1,6031,7871,9592,0412,1242,1812,2982,3472,152
EPS in Rs20.6823.0525.2726.3027.3728.0729.5530.1527.64
Gross NPA %2.35%2.11%2.06%1.98%1.94%1.93%1.92%1.92%2.02%
Net NPA %0.67%0.61%0.62%0.59%0.58%0.57%0.57%0.57%0.60%

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CAGR Report

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth19%16%16%22%
Compounded Profit Growth20%22%47%14%
Stock Price CAGR8%1%4%-8%
Return on Equity (ROE)13%13%13%15%

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IndusInd Bank Shareholding Pattern

PeriodMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters16.77%16.80%14.34%16.55%16.52%16.50%16.40%16.38%
FIIs52.06%53.53%53.58%50.91%46.33%42.16%40.25%38.40%
DIIs11.17%9.75%15.50%18.11%21.85%26.54%28.09%29.69%
Government0.00%0.00%0.00%0.00%0.00%0.37%0.37%0.37%
Public20.00%19.92%16.58%14.43%15.30%14.45%14.90%15.16%
No. of Shareholders1,25,9871,51,9503,02,8534,20,3504,43,1123,78,3033,98,1814,17,359

IndusInd Bank Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹1715.22₹2038.11₹2231.85
2025₹2276₹2139₹2554
2026₹2605₹2449₹2923
2027₹2981₹2802₹3345
2028₹3412₹3208₹3829
2029₹3906₹3672₹4384
2030₹4472₹4202₹5016

INDUSIND BANK Share Price Target 2025

MonthTarget
January₹2276
February₹2322
March₹2368
April₹2289
May₹2213
June₹2139
July₹2225
August₹2314
September₹2407
October₹2455
November₹2504
December₹2554

INDUSIND BANK Share Price Target 2026

MonthTarget
January₹2605
February₹2657
March₹2710
April₹2620
May₹2533
June₹2449
July₹2547
August₹2649
September₹2755
October₹2810
November₹2866
December₹2923

INDUSIND BANK Share Price Target 2027

MonthTarget
January₹2981
February₹3041
March₹3102
April₹2999
May₹2899
June₹2802
July₹2914
August₹3031
September₹3152
October₹3215
November₹3279
December₹3345

INDUSIND BANK Share Price Target 2028

MonthTarget
January₹3412
February₹3480
March₹3550
April₹3432
May₹3318
June₹3208
July₹3336
August₹3469
September₹3608
October₹3680
November₹3754
December₹3829

INDUSIND BANK Share Price Target 2029

MonthTarget
January₹3906
February₹3984
March₹4064
April₹3929
May₹3798
June₹3672
July₹3819
August₹3972
September₹4131
October₹4214
November₹4298
December₹4384

INDUSIND BANK Share Price Target 2030

MonthTarget
January₹4472
February₹4561
March₹4652
April₹4497
May₹4347
June₹4202
July₹4370
August₹4545
September₹4727
October₹4822
November₹4918
December₹5016

Official Website –indusind.com

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