RBL Bank Ltd

About [ edit ]

RBL Bank is a banking company engaged in providing a wide range of banking and financial services including wholesale banking, retail banking, treasury operations and other banking related activities.#

Key Points [ edit ]
  • Market Cap 11,063 Cr.
  • Current Price 185
  • High / Low 274 / 106
  • Stock P/E 21.8
  • Book Value 177
  • Dividend Yield 0.81 %
  • ROCE 5.99 %
  • ROE 4.80 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.05 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.03% for last 3 years.
  • Contingent liabilities of Rs.76041.17 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2057.84 Cr.
  • Dividend payout has been low at 9.46% of profits over last 3 years

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Revenue 1,364 1,463 1,639 1,834 2,023 2,126 2,157 2,208 2,235 2,077 1,980 1,922
Interest 812 870 984 1,095 1,205 1,257 1,235 1,187 1,194 1,145 1,072 1,016
587 617 691 788 893 1,208 1,316 1,371 1,185 1,194 1,293 1,484
Financing Profit -34 -24 -36 -49 -76 -339 -393 -350 -144 -262 -385 -578
Financing Margin % -2% -2% -2% -3% -4% -16% -18% -16% -6% -13% -19% -30%
Other Income 326 333 374 409 481 442 487 501 333 456 580 688
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 292 309 338 360 406 103 94 151 190 194 195 110
Tax % 35% 34% 33% 31% 34% 47% 25% 24% 26% 26% 25% 32%
Net Profit 190 205 225 247 267 54 70 114 141 144 147 75
EPS in Rs 4.51 4.82 5.29 5.79 6.24 1.26 1.38 2.25 2.78 2.83 2.46 1.26
Gross NPA % 1.40% 1.40% 1.38% 1.38% 1.38% 2.60% 3.33% 3.62% 3.45% 3.34% 1.84% 4.34%
Net NPA % 0.75% 0.74% 0.72% 0.69% 0.65% 1.56% 2.07% 2.05% 1.65% 1.38% 0.71% 2.12%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Revenue 144 189 465 879 1,352 1,953 2,744 3,713 4,508 6,301 8,514 8,215
Interest 85 94 278 622 1,010 1,397 1,925 2,492 2,741 3,761 4,885 4,427
40 93 151 234 449 627 833 1,234 1,781 2,561 4,649 5,156
Financing Profit 19 2 36 24 -108 -70 -14 -12 -15 -21 -1,019 -1,369
Financing Margin % 13% 1% 8% 3% -8% -4% -1% -0% -0% -0% -12% -17%
Other Income 13 19 67 126 261 403 491 755 1,068 1,442 1,910 2,058
Depreciation 4 2 8 13 21 33 48 62 87 122 138 0
Profit before tax 29 19 95 137 133 300 428 681 967 1,299 753 689
Tax % 33% 35% 32% 32% 30% 31% 32% 35% 34% 33% 33% 26%
Net Profit 19 12 65 93 93 207 292 446 635 867 506 508
EPS in Rs 1.82 0.57 3.03 3.67 3.41 7.06 9.01 11.89 15.13 20.32 9.94 8.49
Dividend Payout % 33% 35% 10% 16% 26% 17% 17% 15% 14% 13% 15% 0%
Compounded Sales Growth
10 Years:46%
5 Years:25%
3 Years:22%
TTM:-4%
Compounded Profit Growth
10 Years:45%
5 Years:12%
3 Years:-7%
TTM:0%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-29%
1 Year:40%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:7%
Last Year:5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
105 215 215 253 272 293 325 375 420 427 509
Reserves 248 870 927 1,353 1,612 1,936 2,664 3,960 6,264 7,121 10,074
Borrowings 1,589 2,050 5,938 11,078 15,494 24,062 34,885 42,568 53,164 70,226 74,819
144 95 127 279 819 812 1,287 1,771 2,003 2,585 3,576
Total Liabilities 2,086 3,230 7,207 12,962 18,197 27,104 39,161 48,675 61,851 80,359 88,978
20 32 45 83 110 153 158 224 303 363 408
CWIP 2 12 12 10 23 10 19 35 31 40 62
Investments 507 892 2,265 5,516 6,477 9,792 14,436 13,482 15,448 16,840 18,150
1,557 2,294 4,885 7,353 11,587 17,148 24,548 34,934 46,069 63,116 70,358
Total Assets 2,086 3,230 7,207 12,962 18,197 27,104 39,161 48,675 61,851 80,359 88,978

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-90 -694 -845 -1,772 -922 -2,261 -4,384 3,434 -2,528 -31 -5,084 7,597
-7 -23 -21 -47 -59 -58 -60 -142 -162 -190 -206 -157
-7 720 1,186 1,920 1,485 3,076 4,040 -1,656 2,995 2,567 7,698 -4,207
Net Cash Flow -104 2 319 101 503 757 -405 1,635 305 2,345 2,408 3,233

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 6% 2% 6% 7% 5% 10% 11% 12% 12% 12% 6%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
17.84 17.57 15.92 22.15 22.13 21.90 27.13 28.35 32.10 30.62 37.57 34.25
17.54 20.67 24.44 21.27 21.62 22.21 27.03 27.22 19.20 18.71 21.91 22.74
0.00 0.00 0.10 0.15 0.14 0.24 0.34 0.43 0.43 0.43 0.36 0.36
64.62 61.76 59.54 56.42 56.11 55.65 45.50 44.01 48.27 50.25 40.16 42.64

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