IndusInd Bank's intrinsic value using Intellectual Capital analysis

IndusInd Bank

BSE : 532187

|

NSE : INDUSINDBK

Industry : Bank Pvt sector

|

ISIN : INE095A01012

|

FreeFloat : 85.00%

|

FnO : Yes

|

LotSize : 800

BSE SENSEX | BSE SENSEX 50 | Nifty 50 | Nifty50 Equal Weight | BSE 100 | BSE 100 Largecap TMC | BSE 200 | BSE 250 LargeMidcap | BSE Largecap | BSE LargeMidcap | Nifty 100 | Nifty 200 | Nifty LargeMidcap 250 | Nifty100 Equal Weight | Nifty100 Liquid 15 | BSE BANKEX | BSE Private Bank | Nifty Bank | Nifty Private Bank | BSE Dividend Stability | Nifty Growth Sectors 15 | Nifty High Beta 50 | Nifty100 Low Volatility 30 | Nifty100 Quality 30 | BSE 100 ESG | BSE CARBONEX | Nifty100 Enhanced ESG | Nifty100 ESG | BSE Diversfied Financials Rev Growth | Nifty Services Sector

Intellectual Capital (IC)	37,238.62
Net Worth (NW)	35,258.43
Intrinsic Worth (IW)	72,497.05
Market Cap (MC)	32,930.51
Economic Value Added	1,071.21

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	51.37%
IC Gross Margin (EBITDA/IC)	60.60%
IC Net Margin (NPT/IC)	8.88%
Knowledge Turnover (Sales/IC)	0.85
Market to Intrinsic Value (MC/IW)	0.45

As Of	Intrinsic Value	Market Price
30 Jun 2020	Rs. 1,045.28	Rs. 474.80
5 Aug 2020	-	Rs. 492.75

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 515.22	Accumulate	Buy
KB > 50% : Yes		50 DMA : Rs. 493.58
0 < M2IV < 1 : Yes		Vol-Price trend : Rising

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Sep-17
S
4208.35
5395.92
3727.11
3727.11
1339.75
880.10
880.10

Dec-17
S
4286.78
5473.54
3820.50
3820.50
1428.53
936.25
936.25

Mar-18
S
4650.11
5858.62
4076.36
4076.36
1433.84
953.09
953.09

Jun-18
S
5068.15
6369.75
4506.84
4506.84
1561.12
1035.72
1035.72

Sep-18
S
5438.09
6755.37
4636.98
4636.98
1402.17
920.25
920.25

Dec-18
S
5763.47
7232.32
4985.66
4985.66
1510.28
985.03
985.03

Mar-19
C
5991.44
7550.43
4265.44
4265.44
506.38
359.48
359.53

Jun-19
C
6961.37
8624.62
6277.72
6277.72
2160.34
1432.50
1432.54

Sep-19
C
7150.36
8877.53
6126.73
6126.73
1885.72
1400.95
1400.96

Dec-19
C
7284.53
9074.55
5924.58
5924.58
1714.26
1309.23
1309.43

Mar-20
C
7386.57
9158.80
4571.78
4571.78
416.40
315.18
315.25

Jun-20
C
7161.73
8682.17
4521.40
4521.40
668.86
510.34
510.39

* C - Consolidated, S - Standalone