CSB Bank Ltd
CSB Bank (formerly The Catholic Syrian Bank Ltd) is engaged in the business of banking Services ,oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala , Bank focus on SME, retail, and NRI customers.(Source : Company Web-site )
- Market Cap ₹ 6,946 Cr.
- Current Price ₹ 400
- High / Low ₹ 422 / 263
- Stock P/E 12.1
- Book Value ₹ 185
- Dividend Yield 0.00 %
- ROCE 6.45 %
- ROE 18.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 50.1% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.2,360 Cr.
- Company might be capitalizing the interest cost
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | 1,076 | 1,321 | 1,504 | 1,545 | 1,483 | 1,336 | 1,297 | 1,348 | 1,510 | 1,872 | 2,038 | 2,320 | 2,769 |
Interest | 769 | 982 | 1,125 | 1,189 | 1,159 | 1,023 | 912 | 908 | 918 | 931 | 885 | 986 | 1,330 |
355 | 394 | 442 | 555 | 643 | 589 | 644 | 859 | 656 | 911 | 748 | 873 | 1,188 | |
Financing Profit | -48 | -55 | -63 | -199 | -319 | -275 | -259 | -419 | -64 | 30 | 405 | 461 | 250 |
Financing Margin % | -4% | -4% | -4% | -13% | -22% | -21% | -20% | -31% | -4% | 2% | 20% | 20% | 9% |
86 | 95 | 117 | 127 | 105 | 281 | 125 | 136 | 222 | 303 | 247 | 316 | 516 | |
Depreciation | 9 | 7 | 7 | 11 | 14 | 15 | 16 | 17 | 24 | 41 | 38 | 43 | 0 |
Profit before tax | 30 | 33 | 47 | -82 | -228 | -9 | -149 | -300 | 134 | 293 | 614 | 734 | 766 |
Tax % | 12% | 19% | 34% | 35% | 34% | 117% | 35% | 34% | 90% | 25% | 25% | 25% | |
26 | 27 | 31 | -53 | -150 | 2 | -97 | -197 | 13 | 218 | 458 | 547 | 572 | |
EPS in Rs | 8.25 | 6.36 | 7.40 | -8.81 | -20.88 | 0.19 | -12.04 | -22.98 | 0.73 | 12.59 | 26.43 | 31.55 | 32.95 |
Dividend Payout % | 18% | 24% | 14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 12% |
3 Years: | 15% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | 35% |
5 Years: | 50% |
3 Years: | 245% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
1 Year: | 42% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 11% |
3 Years: | 17% |
Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
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 | 31 | 42 | 42 | 60 | 72 | 81 | 81 | 86 | 174 | 174 | 174 | 174 |
Reserves | 464 | 538 | 578 | 828 | 821 | 918 | 808 | 694 | 1,787 | 2,007 | 2,478 | 3,030 |
11,180 | 12,541 | 14,229 | 14,520 | 14,480 | 14,953 | 14,732 | 15,124 | 16,585 | 20,566 | 22,195 | 25,289 | |
300 | 328 | 316 | 351 | 279 | 271 | 249 | 1,007 | 319 | 591 | 509 | 670 | |
Total Liabilities | 11,975 | 13,449 | 15,165 | 15,760 | 15,652 | 16,223 | 15,870 | 16,911 | 18,864 | 23,337 | 25,356 | 29,162 |
37 | 43 | 48 | 175 | 215 | 215 | 216 | 218 | 253 | 269 | 288 | 319 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 3,145 | 3,301 | 5,132 | 4,427 | 5,987 | 5,762 | 4,114 | 4,028 | 5,360 | 6,126 | 7,012 | 5,849 |
8,793 | 10,105 | 9,985 | 11,158 | 9,450 | 10,246 | 11,540 | 12,666 | 13,251 | 16,942 | 18,057 | 22,994 | |
Total Assets | 11,975 | 13,449 | 15,165 | 15,760 | 15,652 | 16,223 | 15,870 | 16,911 | 18,864 | 23,337 | 25,356 | 29,162 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-356 | -166 | 395 | 27 | -893 | -1,109 | 1,374 | -852 | 2,211 | ||||
-16 | -13 | -17 | -18 | -22 | -235 | -1,231 | 131 | -724 | ||||
97 | 106 | 106 | -5 | 674 | 1,310 | 632 | 581 | -1,224 | ||||
Net Cash Flow | -276 | -72 | 485 | 4 | -242 | -34 | 775 | -140 | 263 |
Ratios
Figures in Rs. Crores
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 % | 5% | 5% | 5% | -7% | -17% | 0% | -10% | -24% | 1% | 11% | 19% | 19% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of conference call for Institutional Investors/Analyst - Audited Financial Results for the quarter and financial year ended March 31, 2024
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 19 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Apr
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 8 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT
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Business Segments
Retail Banking: In this segment, the bank offers loans against gold jewelry (Gold Loans), two wheeler and motor vehicle loans, housing loans, loan against property and overdrafts on mortgage/ hypothecation/pledge, small business loans (MSME loans), agricultural loans and microfinance.
SME Banking: The bank is committed towards offering timely, adequate and hassle free business solutions to the SME sector.
Wholesale Banking: This segment caters to corporate clients, primarily medium-sized enterprises. It comprises Corporate Lending, Capital Markets, Securitisation and Supply Chain Finance divisions.
Treasury Management: These operations primarily consist of statutory reserves management, asset liability management, liquidity management, investment and trading in fixed income securities and money market instruments and foreign exchange operations. [1]