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 23.0
  • Dividend Yield 0.00 %
  • ROCE 3.97 %
  • 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 172 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 -31.3% over last 3 years.
  • Contingent liabilities of Rs.51,092 Cr.
  • Earnings include an other income of Rs.3,750 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
4,191 3,971 3,818 3,643 3,989 4,009 4,155
2,433 1,613 1,582 9,802 1,606 1,813 2,550
Operating Profit 1,757 2,357 2,237 -6,159 2,383 2,196 1,604
OPM % 42% 59% 59% -169% 60% 55% 39%
789 247 294 552 432 706 1,897
Interest 2,626 2,513 2,515 2,460 2,687 2,673 2,777
Depreciation 0 0 0 0 0 0 0
Profit before tax -80 92 16 -8,067 128 229 725
Tax % 207% -13% -280% 18% 18% 43% 42%
86 104 60 -6,575 105 131 421
EPS in Rs 0.52 0.62 0.24 -10.97 0.18 0.22 0.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 19,472 17,628 15,623 16,171
1,357 1,665 2,196 2,655 3,257 4,760 4,850 6,347 6,822 11,032 13,539 11,195
Operating Profit 4,710 5,323 6,939 10,363 12,077 13,199 14,707 13,064 12,649 6,596 2,084 4,976
OPM % 78% 76% 76% 80% 79% 73% 75% 67% 65% 37% 13% 31%
1,111 1,499 1,266 1,507 1,620 1,657 1,474 1,743 3,098 2,319 1,881 3,750
Interest 4,371 5,083 6,195 9,871 11,906 14,174 15,485 15,171 15,020 12,789 10,114 10,941
Depreciation 55 66 69 80 97 113 123 138 161 175 177 180
Profit before tax 1,395 1,673 1,940 1,920 1,694 568 573 -502 566 -4,050 -6,325 -2,395
Tax % 35% 29% 27% 21% 15% 0% 0% 0% 0% 0% 0% 0%
900 1,181 1,420 1,518 1,443 568 573 -502 566 -4,050 -6,325 -2,395
EPS in Rs 19.18 20.50 18.88 6.79 6.84 -4.91 4.93 -24.32 -10.55 -4.00
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

Consolidated Figures in Rs. Crores / View Standalone

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 4,799 5,688 7,053 8,197 9,450 9,960 10,346 11,195 12,520 10,555 15,416 12,597
78,499 101,797 132,704 150,383 178,897 206,377 209,758 218,253 227,019 205,480 192,958 207,559
3,451 4,079 3,660 4,896 4,971 5,550 5,748 5,215 8,151 5,558 4,051 8,133
Total Liabilities 86,893 111,707 143,566 163,624 193,471 222,055 226,019 234,867 247,920 221,926 213,624 229,489
301 289 328 356 440 462 523 1,275 1,289 1,228 1,418 1,379
CWIP 0 5 3 2 3 4 4 2 2 1 4 1
Investments 24,915 34,552 43,497 47,529 58,185 66,190 53,317 63,277 64,096 70,379 60,019 66,377
61,677 76,861 99,738 115,737 134,843 155,399 172,176 170,312 182,534 150,318 152,184 161,733
Total Assets 86,893 111,707 143,566 163,624 193,471 222,055 226,019 234,867 247,920 221,926 213,624 229,489

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4,152 1,685 501 3,024 0 2,139 -1,290 2,611 9,550 -15,999 -6,753 6,293
-87 -59 -106 -108 0 -135 -182 -207 -189 -127 -114 -135
-182 -134 32 -344 0 -448 -28 38 508 2,394 8,119 -1,723
Net Cash Flow 3,883 1,492 427 2,571 0 1,556 -1,500 2,442 9,869 -13,732 1,251 4,435

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 -44 -49 -37 -28 -33 -26 161 154 148 204 207 103
ROCE % 8% 7% 7% 8% 8% 7% 7% 7% 7% 4% 2% 4%

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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