IndusInd Bank's intrinsic value using Intellectual Capital analysis

IndusInd Bank

BSE : 532187

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NSE : INDUSINDBK

Industry : Bank Pvt sector

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ISIN : INE095A01012

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FreeFloat : 85.00%

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FnO : Yes

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LotSize : 900

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Intellectual Capital (IC)	13,657.62
Net Worth (NW)	44,516.76
Intrinsic Worth (IW)	58,174.39
Market Cap (MC)	78,652.97
Economic Value Added	788.36

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	23.48%
IC Gross Margin (EBITDA/IC)	150.49%
IC Net Margin (NPT/IC)	23.77%
Knowledge Turnover (Sales/IC)	2.31
Market to Intrinsic Value (MC/IW)	1.35

As Of	Intrinsic Value	Market Price
30 Jun 2021	Rs. 751.73	Rs. 1,016.35
20 Sep 2021	----	Rs. 1,089.95
20 Sep 2021	----	-40.05 -3.67%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Sell	10 DMA : Rs. 1,043.01	Reduce	Sell
KB > 50% : No		50 DMA : Rs. 1,017.97
0 < M2IV < 1 : No		Vol-Price trend : Falling

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-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

Sep-20
C
7177.21
8731.52
4786.76
4786.76
887.54
663.08
663.08

Dec-20
C
7241.50
8887.28
4945.44
4945.44
1110.04
830.41
830.41

Mar-21
C
7419.36
9199.71
5147.73
5147.73
1262.98
926.22
926.22

Jun-21
C
7574.70
9362.76
5352.46
5352.46
1341.47
1016.05
1016.11

* C - Consolidated, S - Standalone