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 ₹ 14,106 Cr.
- Current Price ₹ 128
- High / Low ₹ 152 / 49.9
- Stock P/E 8.79
- Book Value ₹ 96.4
- Dividend Yield 0.39 %
- ROCE 4.92 %
- ROE 13.3 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 42.6% 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 9.22% 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | 10,814 |
Interest | 2,997 | 3,821 | 4,083 | 4,410 | 4,133 | 4,174 | 3,751 | 4,292 | 4,740 | 4,340 | 4,102 | 4,610 | 5,667 |
928 | 1,224 | 1,245 | 2,330 | 2,458 | 4,426 | 3,149 | 3,433 | 5,227 | 3,795 | 3,769 | 3,560 | 3,734 | |
Financing Profit | 911 | 1,092 | 1,439 | 321 | 252 | -1,914 | -278 | -49 | -1,521 | -24 | 143 | 1,185 | 1,413 |
Financing Margin % | 19% | 18% | 21% | 5% | 4% | -29% | -4% | -1% | -18% | -0% | 2% | 13% | 13% |
334 | 484 | 390 | 594 | 504 | 493 | 495 | 813 | 546 | 692 | 744 | 757 | 767 | |
Depreciation | 44 | 50 | 78 | 94 | 64 | 85 | 97 | 104 | 125 | 134 | 144 | 158 | 0 |
Profit before tax | 1,201 | 1,526 | 1,752 | 820 | 692 | -1,506 | 121 | 660 | -1,100 | 534 | 743 | 1,784 | 2,180 |
Tax % | 33% | 31% | 32% | 38% | 40% | -8% | -68% | 30% | -4% | 19% | 32% | 33% | |
803 | 1,055 | 1,182 | 509 | 416 | -1,632 | 203 | 465 | -1,139 | 432 | 502 | 1,197 | 1,605 | |
EPS in Rs | 16.57 | 21.76 | 24.39 | 10.49 | 8.58 | -31.31 | 3.64 | 8.35 | -15.97 | 6.06 | 5.38 | 11.61 | 15.29 |
Dividend Payout % | 20% | 23% | 20% | 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: | 43% |
3 Years: | 45% |
TTM: | 50% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 17% |
3 Years: | 77% |
1 Year: | 156% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 9% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 5,675 | 6,062 | 6,375 | 5,624 | 6,106 | 6,570 | 6,322 | 6,754 | 8,014 | 9,840 |
54,588 | 65,296 | 71,101 | 68,096 | 71,630 | 73,739 | 81,635 | 92,263 | 99,808 | 110,076 | 117,081 | 124,930 | |
1,588 | 1,583 | 1,795 | 1,725 | 2,214 | 2,603 | 1,892 | 2,517 | 2,671 | 3,390 | 5,414 | 11,089 | |
Total Liabilities | 60,269 | 71,743 | 78,620 | 75,931 | 80,268 | 82,019 | 89,688 | 101,406 | 108,872 | 120,292 | 130,602 | 145,962 |
415 | 444 | 507 | 655 | 705 | 1,479 | 1,598 | 1,646 | 2,036 | 1,971 | 1,907 | 2,224 | |
CWIP | 5 | 13 | 27 | 34 | 59 | 64 | 17 | 29 | 35 | 41 | 46 | 47 |
Investments | 21,624 | 25,741 | 26,195 | 22,760 | 20,354 | 21,291 | 18,880 | 23,160 | 23,052 | 30,814 | 33,835 | 34,829 |
38,225 | 45,546 | 51,891 | 52,482 | 59,151 | 59,184 | 69,193 | 76,571 | 83,749 | 87,465 | 94,814 | 108,862 | |
Total Assets | 60,269 | 71,743 | 78,620 | 75,931 | 80,268 | 82,019 | 89,688 | 101,406 | 108,872 | 120,292 | 130,602 | 145,962 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
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 | 1,284 | -685 | 129 | -219 | 2,451 | 2,362 | -2,995 | 4,374 | -11 | -1,568 | -421 | |
-70 | -91 | -167 | -271 | -136 | -861 | -164 | -164 | -114 | -76 | -85 | -123 | |
-201 | -243 | -338 | -338 | -176 | 593 | 668 | 769 | -339 | -199 | 941 | 638 | |
Net Cash Flow | 905 | 950 | -1,190 | -480 | -531 | 2,183 | 2,867 | -2,391 | 3,921 | -285 | -713 | 94 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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)-Code of Conduct under SEBI (PIT) Regulations, 2015 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Announcement under Regulation 30 (LODR)-Change in Management 16 Apr
- UPDATE ON RESIGNATION OF CHIEF FINANCIAL OFFICER OF THE BANK 12 Apr
- COMPLIANCE CERTIFICATE UNDER REGULATION 40(10) OF SEBI (LODR) REGULATIONS, 2015 FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2024 8 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]