Axis BankLSE:AXB -1.64%75 Net Margin % is 34.46% as of Mar. 2026, which is 103% above its 10-year median of 16.97. GuruFocus rates LSE:AXB with a GF Score™ of 75/100 and a GF Value™ of $68.17 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,527 Banks companies, Axis Bank ranks better than 60.31% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Axis Bank's Net Income for the
three
months ended in Mar. 2026 was $819 Mil. Axis Bank's Revenue for the
three
months ended in Mar. 2026 was $2,377 Mil. Therefore, Axis Bank's net margin for the quarter that ended in Mar. 2026 was 34.46%.
The historical rank and industry rank for Axis Bank's Net Margin % or its related term are showing as below:
LSE:AXB'
s Net Margin % Range Over the Past 10 Years
Min: 1.47 Med: 16.97 Max: 34.45
Current: 29.94
LSE:AXB's Net Margin % is ranked better than 60.31% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs LSE:AXB: 29.94
Axis Bank (LSE:AXB) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Axis Bank Net Margin % Related Terms
Axis Bank Net Margin % Historical Data
* Premium members only.
The historical data trend for Axis Bank's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Axis Bank's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Axis Bank Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Axis Bank's Net Margin % distribution charts can be found below:
* The bar in red indicates where Axis Bank's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Axis Bank (LSE:AXB) has a Net Margin % of 34.46% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Axis Bank and its competitors. This is 103% above median its historical median of 16.97. Over the past decade, Axis Bank's Net Margin % has ranged from 1.47 to 34.45. According to the industry distribution chart, Axis Bank ranks #606 out of 1527 companies in the Banks industry, placing it in the top 39.7%.
Is Axis Bank's Net Margin % too high?
Axis Bank's current Net Margin % of 34.46% is 103% above median its 10-year median of 16.97. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 34.45. The Banks industry median Net Margin % is 26.95. Axis Bank's value of 34.46% is 27.9% above this industry median. Based on the distribution chart, Axis Bank ranks #606 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Axis Bank has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axis Bank's Net Margin % compare to competitors?
According to the Banks industry distribution chart, Axis Bank ranks #606 out of 1527 companies for Net Margin %. This puts Axis Bank in the upper half of its industry. The industry median Net Margin % is 26.95. Axis Bank's value of 34.46% is 27.9% above this benchmark. Historically, Axis Bank's own Net Margin % has ranged from 1.47 to 34.45 over the past decade. While the company's 10-year median is 16.97 vs. the industry median of 26.95, Axis Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axis Bank's current Net Margin % of 34.46% is 27.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Axis Bank and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axis Bank's current Net Margin % is 34.46%, which is 103% above median its own 10-year median of 16.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axis Bank stock overvalued right now?
Based on GuruFocus' analysis, Axis Bank (LSE:AXB) is currently considered Fairly Valued. The stock's GF Value™ is $68.17, compared to a current price of $72.00 — trading 5.6% above its estimated fair value. The current Net Margin % is 34.46%, which is 103% above median its 10-year median of 16.97 and 27.9% above the Banks industry median of 26.95. Axis Bank's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Axis Bank (LSE:AXB), the current Net Margin % is 34.46% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Axis Bank (LSE:AXB) Overvalued in 2026?
Based on GuruFocus' analysis, Axis Bank stock appears to be overvalued.
The current stock price of $72.00 is trading 5.6% above its estimated GF Value™ of $68.17.
GuruFocus considers Axis Bank to be Fairly Valued.
Key valuation signals for LSE:AXB:
Net Margin %: 34.46% (103% above median its 10-year median of 16.97)
GF Value™: $68.17 vs. price of $72.00 (5.6% above fair value)
Industry Position: 27.9% above the Banks median (#606 of 1527)
No single metric tells the full story. See the LSE:AXB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, Digital Banking and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. It derives maximum revenue from Retail Banking.
75GF Score
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