Corporation Bank(Merged)

Corporation Bank(Merged)

₹ 9.80 -4.39%
19 Mar 2020
About

Corporation Bank is engaged in lending and borrowing activities. The Bank's segments include Treasury Operations, Wholesale Banking, Retail Banking and Other Banking Operations. The Bank offers personal, corporate, non-resident Indian (NRI) and priority banking products and services.(Source : Company Web-Site)

  • Market Cap 5,874 Cr.
  • Current Price 9.80
  • High / Low /
  • Stock P/E
  • Book Value 22.9
  • Dividend Yield 0.00 %
  • ROCE 5.20 %
  • ROE -15.8 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.43 times its book value
  • Company's working capital requirements have reduced from 171 days to 103 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.73% over past five years.
  • Company has a low return on equity of -31.4% over last 3 years.
  • Contingent liabilities of Rs.51,092 Cr.
  • Earnings include an other income of Rs.3,749 Cr.

* 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 - Public Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
4,954 4,838 4,421 4,626 4,388 4,193 4,191 3,971 3,818 3,643 3,986 4,007 4,152
1,728 1,720 1,967 3,463 3,619 4,783 2,433 1,613 1,581 9,802 1,606 1,813 2,550
Operating Profit 3,226 3,118 2,454 1,163 769 -590 1,758 2,357 2,237 -6,159 2,380 2,194 1,602
OPM % 65% 64% 56% 25% 18% -14% 42% 59% 59% -169% 60% 55% 39%
886 892 692 718 454 449 787 246 294 544 432 706 1,897
Interest 3,724 3,904 3,386 3,387 3,124 2,892 2,626 2,513 2,515 2,460 2,687 2,673 2,777
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 388 107 -240 -1,506 -1,902 -3,033 -81 91 16 -8,074 125 227 723
Tax % 59% -50% 125% 31% 35% 39% 204% -14% -279% 18% 18% 43% 42%
159 160 60 -1,035 -1,240 -1,838 85 103 61 -6,581 103 130 421
EPS in Rs 1.39 1.39 0.52 -9.02 -10.81 -11.04 0.51 0.62 0.24 -10.98 0.17 0.22 0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6,067 6,988 9,135 13,018 15,334 17,959 19,556 19,411 19,471 17,628 15,623 16,171
1,357 1,666 2,193 2,655 3,252 5,077 4,955 7,768 6,819 13,657 15,253 8,543
Operating Profit 4,710 5,322 6,942 10,363 12,082 12,881 14,602 11,643 12,653 3,972 370 7,627
OPM % 78% 76% 76% 80% 79% 72% 75% 60% 65% 23% 2% 47%
1,107 1,491 1,256 1,493 1,608 1,648 1,482 1,735 3,090 2,313 1,872 3,749
Interest 4,376 5,084 6,196 9,871 11,908 14,175 15,486 15,172 15,020 12,790 10,114 10,942
Depreciation 55 66 69 80 97 113 123 138 161 175 177 180
Profit before tax 1,386 1,662 1,933 1,905 1,685 241 475 -1,931 561 -6,681 -8,049 254
Tax % 36% 30% 27% 21% 15% -133% -23% 74% 0% 39% 21% 1,040%
893 1,170 1,413 1,506 1,435 562 584 -506 561 -4,054 -6,333 -2,392
EPS in Rs 19.09 20.34 18.77 6.71 6.98 -4.95 4.89 -24.34 -10.57 -3.99
Dividend Payout % 20% 20% 21% 20% 20% 20% 20% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: -4%
3 Years: -6%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 62%
Stock Price CAGR
10 Years: -16%
5 Years: -19%
3 Years: %
1 Year: %
Return on Equity
10 Years: -7%
5 Years: -20%
3 Years: -31%
Last Year: -16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity Capital 143 143 148 148 153 168 168 204 229 333 1,199 1,199
Reserves 4,753 5,631 6,990 8,128 9,413 9,918 10,317 11,161 12,483 10,513 15,366 12,552
78,794 101,811 132,713 150,390 178,904 206,414 209,761 218,283 227,028 205,487 192,962 207,656
3,215 4,081 3,658 4,894 4,972 5,549 5,748 5,215 8,151 5,558 4,051 8,133
Total Liabilities 86,906 111,667 143,509 163,560 193,442 222,048 225,993 234,864 247,891 221,891 213,578 229,540
299 288 326 354 440 462 523 1,275 1,288 1,228 1,417 1,379
CWIP 0 5 3 2 3 4 4 2 2 1 4 1
Investments 24,938 34,523 43,453 47,475 58,164 66,191 53,298 63,281 64,073 70,350 59,979 66,432
61,669 76,852 99,727 115,730 134,835 155,392 172,169 170,306 182,528 150,312 152,177 161,728
Total Assets 86,906 111,667 143,509 163,560 193,442 222,048 225,993 234,864 247,891 221,891 213,578 229,540

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4,146 1,689 500 3,024 -4,785 2,140 -1,309 2,613 9,551 -15,996 -6,752 6,273
-87 -59 -109 -108 -149 -136 -166 -209 -190 -131 -115 -110
-176 -134 32 -344 -623 -448 -25 38 508 2,394 8,119 -1,723
Net Cash Flow 3,883 1,496 423 2,571 -5,558 1,556 -1,500 2,442 9,869 -13,732 1,251 4,439

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -30 -49 -37 -28 -34 -27 161 154 148 204 207 103
ROCE % 8% 7% 7% 8% 8% 7% 7% 6% 7% 3% 1% 5%

Shareholding Pattern

Numbers in percentages

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
70.76% 70.76% 70.76% 70.76% 79.87% 79.87% 79.87% 86.77% 93.50% 93.50% 93.50% 93.50%
1.69% 1.88% 1.87% 1.72% 1.13% 1.12% 1.12% 0.71% 0.30% 0.34% 0.33% 0.33%
21.94% 22.02% 22.02% 22.02% 15.17% 15.17% 15.17% 9.96% 4.22% 4.18% 4.17% 4.16%
5.61% 5.33% 5.35% 5.49% 3.83% 3.85% 3.84% 2.56% 1.98% 1.98% 2.00% 2.01%
No. of Shareholders 73,17273,56073,28974,15774,18074,09374,14674,61090,07187,63488,79595,290

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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