Synopsis: Ventura maintains a Buy on Axis Bank with a Rs. 1,934 target, citing 13-15% growth, strong margins, stable asset quality, and expected PAT of Rs. 31,364 crore, driving long-term earnings visibility.
This Private Sector Bank Stock, engaged in providing comprehensive banking and financial services to retail, corporate, SME, and agricultural customers across India, is in focus after Ventura gave a Buy target of Rs. 1,934, which has an upside potential of 63.75 percent.
With a market capitalization of Rs. 3,67,014.21 crore, the shares of Axis Bank Limited were currently trading at Rs. 1,181.10 per equity share, down nearly 1.92 percent from its previous day’s close price of Rs. 1,204.25.
What is the News?
Ventura, a prominent brokerage firm, has recommended a “Buy” call on Axis Bank Limited with a target price of Rs. 1,934 per share, indicating an upside potential of 63.75 percent from its current price of Rs. 1,181.10 per equity share.
Ventura remains positive on Axis Bank, highlighting steady growth across key business areas. The bank’s advances are expected to grow around 13-14 percent, while deposits may rise by 14-15 percent. A higher share of unsecured loans, now at 24-26 percent of the total book, is helping improve yields. Management’s guidance of similar growth levels reflects confidence in the bank’s long-term strength.
On profitability, Axis Bank continues to benefit from strong operating leverage. Its cost-to-assets ratio is expected to improve to around 2.33 percent, while net interest margins (NIMs) are guided at about 3.8 percent. Fee income has also grown by nearly 12 percent YoY, supported by a strong digital base of around 15 million mobile users.
Asset quality remains stable, with gross NPAs at 1.40 percent and a strong capital position reflected in a CET-1 ratio of 14.5 percent. This provides a solid cushion for future growth while keeping risks under control.
Looking ahead, advances are projected to reach Rs. 3,55,215 crore and deposits Rs. 2,78,788 crore by FY28. Profit after tax (PAT) is expected to grow to Rs. 31,364 crore, supporting steady returns and potential valuation upside.
Business Highlights
Axis Bank Limited is one of India’s leading private sector banks, ranked as the 3rd largest in the country. It serves around 54 million customers through a wide network of over 6,110 branches and is supported by a workforce of more than 1,01,850 employees, reflecting its strong scale and reach.
Axis Bank reported steady growth in Q3FY26, with total assets reaching Rs. 17,52,171 crore. Net advances stood at Rs. 11,59,052 crore, while total deposits were Rs. 12,60,786 crore, reflecting a strong balance sheet and continued business expansion.
Axis AMC also delivered solid performance, with overall AAUM rising 11 percent YoY to Rs. 3,60,575 crore. Its 9MFY26 PAT increased 20 percent YoY to Rs. 454 crore, compared to Rs. 378 crore last year, showing improved profitability and growth momentum.
Company Overview
Axis Bank Limited was founded in 1993 and is a leading Indian private sector bank offering retail, corporate, and digital banking services. Headquartered in Mumbai, it is one of India’s largest banks by assets and market capitalization, known for its expansive branch network and focus on technology-driven financial products.
Recent Quarter Results
Coming into financial highlights, Axis Bank Limited’s Net Interest Income has increased from Rs. 14,122 crore in Q3 FY25 to Rs. 14,924 crore in Q3 FY26, which has grown by 5.68 percent. The net profit has also grown by 4.16 percent from Rs. 6,763.1 crore in Q3 FY25 to Rs. 7,044.42 crore in Q3 FY26. Axis Bank Limited’s Net Interest Income and net profit have grown at a CAGR of 18.42 percent and 25.67 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 7.11 percent and 16.3 percent, respectively. Axis Bank Limited has an earnings per share (EPS) of Rs. 84.7, and its debt-to-equity ratio is 7.40x.
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