Jammu and Kashmir Bank Ltd
Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.[1]
It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.[2]
- Market Cap ₹ 14,574 Cr.
- Current Price ₹ 132
- High / Low ₹ 152 / 53.0
- Stock P/E 9.05
- Book Value ₹ 95.9
- Dividend Yield 0.38 %
- ROCE 4.92 %
- ROE 13.1 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 42.2% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.16% over past five years.
- Company has a low return on equity of 9.14% over last 3 years.
- Contingent liabilities of Rs.6,939 Cr.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -8.78%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 4,836 | 6,137 | 6,767 | 7,061 | 6,844 | 6,686 | 6,621 | 7,676 | 8,446 | 8,111 | 8,013 | 9,355 | 10,815 |
Interest | 2,997 | 3,820 | 4,082 | 4,409 | 4,132 | 4,173 | 3,750 | 4,291 | 4,739 | 4,340 | 4,101 | 4,609 | 5,666 |
929 | 1,226 | 1,250 | 2,336 | 2,466 | 4,431 | 3,154 | 3,439 | 5,234 | 3,802 | 3,774 | 3,567 | 3,743 | |
Financing Profit | 910 | 1,091 | 1,435 | 316 | 245 | -1,919 | -283 | -55 | -1,527 | -30 | 137 | 1,178 | 1,406 |
Financing Margin % | 19% | 18% | 21% | 4% | 4% | -29% | -4% | -1% | -18% | -0% | 2% | 13% | 13% |
335 | 485 | 393 | 599 | 509 | 497 | 501 | 817 | 509 | 701 | 753 | 765 | 777 | |
Depreciation | 44 | 50 | 78 | 95 | 64 | 85 | 97 | 104 | 126 | 134 | 144 | 158 | 0 |
Profit before tax | 1,201 | 1,526 | 1,750 | 820 | 689 | -1,507 | 121 | 659 | -1,144 | 537 | 747 | 1,786 | 2,183 |
Tax % | 33% | 31% | 33% | 38% | 40% | -8% | -68% | 30% | -3% | 19% | 32% | 33% | |
803 | 1,055 | 1,181 | 508 | 414 | -1,633 | 203 | 464 | -1,183 | 428 | 495 | 1,181 | 1,610 | |
EPS in Rs | 16.57 | 21.76 | 24.36 | 10.49 | 8.54 | -31.32 | 3.64 | 8.33 | -16.59 | 6.01 | 5.30 | 11.44 | 15.35 |
Dividend Payout % | 20% | 23% | 21% | 20% | 20% | 0% | 0% | 0% | 0% | 0% | 0% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 7% |
3 Years: | 3% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | 42% |
3 Years: | 44% |
TTM: | 51% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | 17% |
3 Years: | 77% |
1 Year: | 127% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 9% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 48 | 48 | 48 | 48 | 48 | 52 | 56 | 56 | 71 | 71 | 93 | 103 |
Reserves | 4,045 | 4,816 | 5,674 | 6,060 | 6,372 | 5,621 | 6,102 | 6,566 | 6,274 | 6,731 | 7,984 | 9,793 |
54,583 | 65,287 | 71,093 | 68,076 | 71,619 | 73,735 | 81,633 | 92,261 | 99,805 | 110,062 | 117,074 | 124,919 | |
1,588 | 1,583 | 1,797 | 1,726 | 2,214 | 2,604 | 1,894 | 2,522 | 2,678 | 3,408 | 5,425 | 11,097 | |
Total Liabilities | 60,264 | 71,734 | 78,613 | 75,910 | 80,254 | 82,012 | 89,684 | 101,405 | 108,829 | 120,273 | 130,576 | 145,913 |
415 | 444 | 508 | 655 | 706 | 1,479 | 1,598 | 1,646 | 2,036 | 1,971 | 1,908 | 2,224 | |
CWIP | 5 | 13 | 27 | 34 | 59 | 64 | 17 | 29 | 35 | 41 | 46 | 47 |
Investments | 21,619 | 25,731 | 26,185 | 22,740 | 20,334 | 21,271 | 18,860 | 23,140 | 22,990 | 30,774 | 33,785 | 34,780 |
38,224 | 45,547 | 51,893 | 52,481 | 59,156 | 59,198 | 69,210 | 76,589 | 83,768 | 87,486 | 94,837 | 108,860 | |
Total Assets | 60,264 | 71,734 | 78,613 | 75,910 | 80,254 | 82,012 | 89,684 | 101,405 | 108,829 | 120,273 | 130,576 | 145,913 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,176 | 1,280 | -683 | 118 | -219 | 2,457 | 2,363 | -2,992 | 4,374 | -14 | -1,568 | -407 | |
-70 | -86 | -169 | -261 | -136 | -861 | -164 | -165 | -115 | -76 | -85 | -124 | |
-201 | -243 | -338 | -338 | -176 | 593 | 668 | 769 | -339 | -199 | 941 | 638 | |
Net Cash Flow | 905 | 951 | -1,189 | -480 | -531 | 2,189 | 2,867 | -2,388 | 3,920 | -289 | -712 | 107 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 21% | 24% | 22% | 9% | 7% | -27% | 3% | 7% | -18% | 7% | 7% | 13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Dividend Updates 2d
- Compliances-Reg. 50 (1) - Prior intimation about Board meeting under Regulation 50(1) 2d
- Board Meeting Intimation for Consideration Of Audited Standalone And Consolidated Financial Results Of The Bank For The Quarter And Financial Year Ended 31St March, 2024 2d
- Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 17 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Jul 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Mar 2023TranscriptNotesPPT
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Jan 2023Transcript PPT
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Oct 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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Mar 2022TranscriptNotesPPT
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Jun 2019TranscriptPPT
Key Ratios - FY23
Capital Adequacy Ratio - 15.39%
Net Interest Margin - 3.89%
Gross NPA - 6.04%
Net NPA - 1.62%
CASA Ratio - 54.10% [1]