Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 11242.55 Crore).
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 3591.72 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1249.85 Crore (.00% of total assets). For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 2853.76 Crore, up .92 % from last quarter Interest Income of Rs 2827.74 Crore and up 4.88 % from last year same quarter Interest Income of Rs 2720.87 Crore. The bank reported net profit after tax of Rs 315.70 Crore in latest quarter.
The brokerage maintains ACCUMULATE recommendation on the stock with a revised TP of Rs62, valuing it at 0.9x P/ABV. The stock currently trades at 0.7x Sep-22E P/ABV.
Promoters held 0 per cent stake in the company as of Sept 30, 2020 while FIIs held 33.3 per cent, DIIs 37.1 per cent and public and others 29.9 per cent.