Motilal Oswal has buy call on

with a target price of Rs 110. The current market price of Federal Bank Ltd. is Rs 87.15. Time period given by analyst is one year when Federal Bank Ltd. price can reach defined target.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 17226.80 Crore).

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3996.43 Crore, down -2.26 % from last quarter Total Income of Rs 4088.77 Crore and down -5.36 % from last year same quarter Total Income of Rs 4222.87 Crore. The bank reported net profit after tax of Rs 521.24 Crore in latest quarter.

Investment Rationale

  • Business growth witnessed sequential moderation
  • Credit cost to remain high on exposure to SMEs
  • Asset quality ratio and loans under restructuring – key monitorables
  • NIMs to remain stable at ~3.3%

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 25.6 per cent, DIIs 42.7 per cent and public and others 31.7 per cent.

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