Axis Bank Ltd (AXISBANK) — share price & stock analysis

Market cap

₹4,25,772 Cr

P/BV

1.98×

ROE

13.1%

vs own 10-yr valuation

25th pctile

Book value / share

₹692

EPS (TTM)

₹85.0

10-yr median P/BV

2.2×

Revenue (FY26)

₹1,32,538 Cr

Profit after tax (FY26)

₹26,548 Cr

Weinstein stage

Stage 2 (36 weeks)

Data as of

1 July 2026

1 of the 5 things we track are currently moving the right way — most of the dashboard is turning up.

Where the levels actually stand: ROE 13% — respectable; GNPA 1.4% — clean book; the spread is mid-band vs its own history. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double.

Price and profits are moving together

Since Apr 2016, the stock is up 190% and earnings per share are up 170% — the price has tracked the profits, not run ahead of them.pricettm_eps

The market is paying for delivery, not promises. What you see in earnings is what you get in the price.

Today’s P/BV of 2× sits near the bottom of its own range — it has been cheaper than this only 25% of the time against its own 10-year history.pb_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (2.2×).

The price is in a confirmed uptrend — 36 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 36 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹1,267 today) and its strength against the index is still improving — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 46 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

A lumpy ride — no clean trend in profits

Over 12 years, income went from ₹30,736 Cr to ₹1,32,538 Cr (about 13% a year), and profit from ₹6,311 Cr to ₹26,548 Cr.revenuenet_profit

Interest income grew 5% — steady, not spectacular

Mar 26 income was ₹34,171 Cr, up 5% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue

The spread is holding

Of every ₹100 of interest the bank earns, ₹56 goes straight out as interest on deposits and borrowings. It keeps ₹44 — unchanged from a year ago.revenueinterest_expense

Bad loans are healing — from a worst of 2.0% (Mar 23) to 1.4%

₹1.4 of every ₹100 lent is currently stuck with borrowers who’ve stopped paying — down from ₹2.0 at the Mar 23 worst. After the money already set aside, the true exposure is 0.4%.gross_npa_pctnet_npa_pct

Falling bad loans still help — less new money needs setting aside — but this year’s profit growth is coming from the lending engine itself (interest income), not from provision releases. The healing cleans the book; the growth is earned.gross_npa_pctrevenue

Profit is flat

Mar 26 profit was ₹7,642 Cr, up 2% on last year — earnings per share of ₹24.46.net_profiteps

Where the growth comes from matters: this year it is the lending engine — net interest income — doing the lifting, not one-off provision releases. That is the more durable kind.revenue

The market still prices this bank below its own average

Today you pay ₹1.98 for every ₹1 of book value, against a long-run median of ₹2.20. It has traded cheaper than this only 25% of the time since 2016.pb_ratio

Institutions bought the story, then started backing away

Promoters hold 8.1%, essentially unchanged. Foreign funds own 42.0%, domestic funds 43.4%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

Meanwhile foreign funds have been the sellers — from 52.0% to 42.0% over the window. Someone on the other side of the table disagrees; both sides count.fiis_pct

Worth studying deeper — with eyes open

The numbers lean positive, and the price is roughly fair to the delivery so far.

Biggest worry: return on equity falling (16.0% → 13.0%).roe_pct

One dissent worth hearing: our valuation lens reads negative — “its fair-value math says the price sits about 50% above what the numbers justify”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data