CSB Bank Ltd

CSB Bank Ltd

₹ 343 -0.67%
14 Jun - close price
About

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 )

Key Points

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]

  • Market Cap 5,950 Cr.
  • Current Price 343
  • High / Low 422 / 263
  • Stock P/E 10.5
  • Book Value 185
  • Dividend Yield 0.00 %
  • ROCE 7.77 %
  • ROE 17.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 37.3% 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
  • Earnings include an other income of Rs.584 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 - Private Sector

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 497 495 496 528 520 536 555 592 636 683 687 762 795
Interest 221 228 217 224 216 225 230 242 288 319 344 379 409
281 257 180 157 191 212 209 231 263 309 308 308 376
Financing Profit -6 10 99 146 113 98 116 118 85 55 35 75 10
Financing Margin % -1% 2% 20% 28% 22% 18% 21% 20% 13% 8% 5% 10% 1%
64 71 60 52 64 55 45 90 126 122 143 125 197
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 58 82 158 198 176 153 161 208 211 177 178 200 206
Tax % 26% 25% 25% 25% 26% 25% 25% 25% 26% 25% 25% 25% 27%
43 61 119 148 131 115 121 156 156 132 133 150 151
EPS in Rs 2.47 3.52 6.83 8.55 7.53 6.60 6.95 8.99 9.01 7.62 7.68 8.64 8.73
Gross NPA % 2.68% 4.88% 4.11% 2.62% 1.81% 1.79% 1.65% 1.45% 1.26% 1.27% 1.27% 1.22% 1.47%
Net NPA % 1.17% 3.21% 2.63% 1.36% 0.68% 0.60% 0.57% 0.42% 0.35% 0.32% 0.33% 0.31% 0.51%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 1,321 1,504 1,545 1,483 1,336 1,297 1,348 1,510 1,872 2,038 2,320 2,928
Interest 982 1,125 1,189 1,159 1,023 912 908 918 931 885 986 1,451
394 442 555 643 589 644 859 656 911 748 873 1,299
Financing Profit -55 -63 -199 -319 -275 -259 -419 -64 30 405 461 177
Financing Margin % -4% -4% -13% -22% -21% -20% -31% -4% 2% 20% 20% 6%
95 117 127 105 281 125 136 222 303 247 316 584
Depreciation 7 7 11 14 15 16 17 24 41 38 43 0
Profit before tax 33 47 -82 -228 -9 -149 -300 134 293 614 734 761
Tax % 19% 34% 35% 34% 117% 35% 34% 90% 25% 25% 25% 26%
27 31 -53 -150 2 -97 -197 13 218 458 547 567
EPS in Rs 6.36 7.40 -8.81 -20.88 0.19 -12.04 -22.98 0.73 12.59 26.43 31.55 32.67
Dividend Payout % 24% 14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 17%
3 Years: 16%
TTM: 26%
Compounded Profit Growth
10 Years: 34%
5 Years: 37%
3 Years: 37%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 2%
1 Year: 26%
Return on Equity
10 Years: 8%
5 Years: 15%
3 Years: 18%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 42 42 60 72 81 81 86 174 174 174 174
Reserves 538 578 828 821 918 808 694 1,787 2,007 2,478 3,030
12,541 14,229 14,520 14,480 14,953 14,732 15,124 16,585 20,566 22,195 25,289
328 316 351 279 271 249 1,007 319 591 509 670
Total Liabilities 13,449 15,165 15,760 15,652 16,223 15,870 16,911 18,864 23,337 25,356 29,162
43 48 175 215 215 216 218 253 269 288 319
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 3,301 5,132 4,427 5,987 5,762 4,114 4,028 5,360 6,126 7,012 5,849
10,105 9,985 11,158 9,450 10,246 11,540 12,666 13,251 16,942 18,057 22,994
Total Assets 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 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-356 -166 395 27 -893 -1,109 1,374 -852 2,211 1,783
-16 -13 -17 -18 -22 -235 -1,231 131 -724 -1,439
97 106 106 -5 674 1,310 632 581 -1,224 974
Net Cash Flow -276 -72 485 4 -242 -34 775 -140 263 1,318

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 5% 5% -7% -17% 0% -10% -24% 1% 11% 19% 19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72%
5.47% 5.66% 5.72% 5.02% 5.06% 5.16% 5.37% 5.73% 5.89% 4.65% 4.62% 4.93%
11.17% 11.67% 12.23% 12.37% 11.22% 10.49% 11.92% 11.61% 12.19% 14.35% 16.07% 15.94%
30.76% 30.06% 29.44% 30.01% 31.12% 31.75% 30.10% 30.07% 29.32% 28.43% 26.74% 26.80%
2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.86% 2.62%
No. of Shareholders 47,13349,69150,07254,23557,61356,84256,80156,75257,08755,52962,95863,497

* 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.

Click on the line-items to see the names of individual entities.

Documents

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