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Commentary (9 May 2024 @ 05:59):

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...

Stats
Today's Volume	5.23M
Average Volume	10.97M
Market Cap	3 444.50B
EPS	INR0 ( 2024-04-24 )
Next earnings date	( INR0 ) 2024-07-24
Last Dividend	INR1.000 ( 2023-07-06 )
Next Dividend	INR0 ( N/A )
P/E	13.12
ATR14	INR1.052 (0.09%)

Volume Correlation

Long: -0.48 (neutral)

Short: -0.55 (weak negative)

Signal:(65.109) Neutral

Axis Bank Limited Correlation

10 Most Positive Correlations
DMART.NS	0.923
RADIOCITY.NS	0.918
BLUEDART.NS	0.911
LAKSHVILAS.NS	0.91
SHEMAROO.NS	0.907
ICICIGI.NS	0.904
RELAXO.NS	0.9
BASF.NS	0.898
THYROCARE.NS	0.898
CONCOR.NS	0.897

10 Most Negative Correlations
DFMFOODS.NS	-0.903
JINDCOT.NS	-0.9
RAJRILTD.NS	-0.899
NEWGEN.NS	-0.897
ROTO.NS	-0.892
TOUCHWOOD.NS	-0.883
ISMTLTD.NS	-0.876
LTGILTBEES.NS	-0.872
GTNIND.NS	-0.868
GNA.NS	-0.866

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Axis Bank Limited Correlation - Currency/Commodity

-0.86
( strong negative )

-0.08
( neutral )

-0.80
( moderate negative )

-0.32
( neutral )

0.04
( neutral )

0.67
( moderate )

Axis Bank Limited Financials

Annual	2023
Revenue:	INR1 379.89B
Gross Profit:	INR1 379.89B (100.00 %)
EPS:	INR85.62

FY	2023
Revenue:	INR1 379.89B
Gross Profit:	INR1 379.89B (100.00 %)
EPS:	INR85.62

FY	2022
Revenue:	INR627.66B
Gross Profit:	INR627.66B (100.00 %)
EPS:	INR35.20

FY	2022
Revenue:	INR61.10M
Gross Profit:	INR61.10M (100.00 %)
EPS:	INR45.99

Financial Reports:

No articles found.

Axis Bank Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR1.000 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR1.000 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Axis Bank Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 4.28 - low (42.29%) | Divividend Growth Potential Score: 3.63 - Decrease likely (27.48%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.200	1999-06-16
Last Dividend	INR1.000	2023-07-06
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	22	--
Total Paid Out	INR41.04	--
Avg. Dividend % Per Year	0.06%	--
Score	1.63	--
Div. Sustainability Score	4.28
Div.Growth Potential Score	3.63
Div. Directional Score	3.95	--

Next Divdend (Est)
(2024-07-19)

INR0.709 Estimate 3.04 %

Dividend Stability

0.24 Very Poor

Dividend Score

1.63

Pay Frequency

Sporadic

Yearly Payout

Year	Amount	Yield
1999	INR0	0.00%
2000	INR0	0.00%
2001	INR0	0.00%
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0	0.00%
2019	INR1.000	0.16%
2020	INR0	0.00%
2021	INR0	0.00%
2022	INR1.000	0.14%
2023	INR1.000	0.11%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

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Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
RAMRAT.NS	Dividend Junior	2023-08-31	Annually	3	0.85%
KOKUYOCMLN.NS	Dividend Junior	2023-07-20	Sporadic	16	0.16%
EQUITASBNK.NS	Dividend Junior	2023-07-27	Insufficient data to determine frequency	2	0.56%
ALKEM.NS	Dividend Junior	2023-08-09	Semi-Annually	9	0.71%
SYMPHONY.NS	Dividend Knight	2023-08-04	Semi-Annually	14	0.47%
NELCO.NS	Dividend Junior	2023-06-06	Sporadic	22	0.24%
ICIL.NS	Dividend Junior	2023-08-11	Annually	10	0.77%
CENTURYPLY.NS	Dividend Junior	2023-09-20	Annually	19	0.20%
RVNL.NS	Dividend Knight	2023-09-20	Annually	6	3.08%
LODHA.NS	Dividend Junior	2023-09-07	Insufficient data to determine frequency	2	0.06%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.283	1.500	4.35	6.52	[0 - 0.5]
returnOnAssetsTTM	0.0174	1.200	9.42	10.00	[0 - 0.3]
returnOnEquityTTM	0.180	1.500	9.11	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0.150	-1.500	7.49	-10.00	[0 - 0.6]
interestCoverageTTM	0.410	1.000	-0.959	-0.959	[3 - 30]
operatingCashFlowPerShareTTM	0	2.00	0	0	[0 - 30]
freeCashFlowPerShareTTM	0	2.00	0	0	[0 - 20]
debtEquityRatioTTM	1.453	-1.500	4.19	-6.28	[0 - 2.5]
grossProfitMarginTTM	1.000	1.000	10.00	10.00	[0.2 - 0.8]
operatingProfitMarginTTM	0.269	1.000	6.61	6.61	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0.0615	0.800	-2.92	-2.34	[0.5 - 2]
Total Score				4.28

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	13.28	1.000	8.76	0	[1 - 100]
returnOnEquityTTM	0.180	2.50	9.43	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	0	2.00	0	0	[0 - 30]
dividendYielPercentageTTM	0.0887	1.500	7.78	0	[0 - 0.4]
operatingCashFlowPerShareTTM	0	2.00	0	0	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.526	1.500	9.83	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0	1.000	-2.50	0	[0.1 - 0.5]
Total Score				3.63

Axis Bank Limited

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.