RBL Bank Ltd

RBL Bank Ltd

₹ 263 0.19%
24 Apr 11:59 a.m.
About

Incorporated in 1943,RBL Bank is a banking company engaged in providing specialized services under five business verticals namely: Corporate Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury & Financial Markets Operations.[1][2]

Key Points

Ratios (9MFY24)
Capital Adequacy Ratio - 16.42%[1]
Net Interest Margin - 5.53%[2]
Gross NPA - 3.12%[3]
Net NPA - 0.80%
CASA Ratio - 33.8%[4]

  • Market Cap 15,954 Cr.
  • Current Price 263
  • High / Low 301 / 139
  • Stock P/E 13.3
  • Book Value 226
  • Dividend Yield 0.57 %
  • ROCE 5.50 %
  • ROE 7.06 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.19 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.45% over last 3 years.
  • Contingent liabilities of Rs.73,412 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2,868 Cr.
  • Working capital days have increased from 76.2 days to 118 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 2,089 2,058 2,103 2,034 2,107 2,201 2,203 2,286 2,497 2,616 2,855 3,008 3,191
Interest 1,099 1,059 1,056 1,059 1,034 1,000 1,062 1,111 1,221 1,285 1,434 1,533 1,645
1,366 1,438 2,329 1,552 1,484 1,490 1,471 1,503 1,610 1,624 1,698 2,063 2,004
Financing Profit -376 -439 -1,281 -577 -411 -289 -330 -328 -334 -293 -276 -588 -458
Financing Margin % -18% -21% -61% -28% -20% -13% -15% -14% -13% -11% -10% -20% -14%
571 551 660 595 584 513 614 585 624 684 694 713 777
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 195 112 -621 18 172 224 284 257 290 390 418 125 320
Tax % 25% 32% 26% 47% 29% 26% 26% 27% 23% 24% 24% -165% 23%
147 76 -462 10 122 165 209 188 225 299 319 331 245
EPS in Rs 2.46 1.27 -7.72 0.16 2.03 2.75 3.48 3.13 3.75 4.98 5.33 5.51 4.06
Gross NPA % 1.84% 4.34% 4.99%
Net NPA % 0.71% 2.12% 2.01%
Raw PDF
Upcoming result date: 27 April 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 3,713 4,561 6,302 8,779 8,676 8,445 9,550 11,671
Interest 2,492 2,741 3,761 4,885 4,539 4,148 4,679 5,896
1,234 1,827 2,559 4,919 5,129 6,674 5,944 7,389
Financing Profit -12 -6 -17 -1,025 -993 -2,378 -1,073 -1,615
Financing Margin % -0% -0% -0% -12% -11% -28% -11% -14%
755 1,069 1,441 1,918 1,875 2,352 2,507 2,868
Depreciation 62 89 126 146 170 180 213 0
Profit before tax 681 974 1,298 747 712 -206 1,221 1,253
Tax % 35% 34% 34% 33% 26% 20% 25%
447 633 861 500 529 -166 920 1,194
EPS in Rs 11.91 15.05 20.10 9.83 8.85 -2.77 15.34 19.88
Dividend Payout % 15% 14% 13% 15% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 3%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 23%
TTM: 52%
Stock Price CAGR
10 Years: %
5 Years: -17%
3 Years: 14%
1 Year: 72%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 3%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 375 420 427 509 598 600 600
Reserves 3,961 6,261 7,108 10,056 12,068 11,931 12,926
42,568 53,145 70,190 74,819 84,281 90,104 98,206
1,771 2,052 2,673 3,600 3,672 3,528 4,074
Total Liabilities 48,676 61,877 80,398 88,983 100,619 106,163 115,806
224 327 416 471 511 538 594
CWIP 35 31 40 62 24 82 45
Investments 13,482 15,397 16,745 18,055 23,085 22,129 28,730
34,934 46,122 63,196 70,396 76,998 83,414 86,436
Total Assets 48,676 61,877 80,398 88,983 100,619 106,163 115,806

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,434 -2,556 78 -5,173 7,631 6,449 -11,031
-142 -165 -202 -223 -174 -264 -234
-1,656 2,994 2,567 7,698 -4,207 -109 2,235
Net Cash Flow 1,635 273 2,443 2,302 3,251 6,076 -9,030

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 11% 12% 6% 5% -1% 7%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.61% 31.59% 31.31% 30.59% 28.50% 29.59% 28.92% 24.66% 28.27% 30.00% 28.27% 25.14%
20.72% 22.34% 19.68% 19.05% 11.64% 13.83% 19.85% 19.77% 17.91% 19.12% 19.34% 20.12%
0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.38% 0.42% 0.42% 0.41% 0.42% 0.42%
44.30% 45.70% 48.64% 50.00% 59.50% 56.22% 50.84% 55.14% 53.38% 50.45% 51.98% 54.32%
No. of Shareholders 3,82,3844,08,3514,73,4954,67,4155,37,1784,94,2914,16,5924,04,4383,79,5363,51,1193,44,8563,58,110

* 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

Concalls