CSB Bank

₹358.5 3.6 | 1%

WEBSITE BSE:542867 NSE : CSBBANK 10 May, 16:01

Market Cap ₹6219 Cr.

Stock P/E 11.0

P/B 1.7

Current Price ₹358.5

Book Value ₹ 209.1

Face Value 10

52W High ₹422

Dividend Yield 0%

52W Low ₹ 263.1

Edit Ratio

CSB Bank Research see more...

EQUITY RESEARCH: CSB Bank Ltd

Overview Inc. Year: 1987Industry: Bank - Private

CSB Bank Ltd presents numerous banking products and services for small and medium organisations, retail, and NRI clients in India. It operates through 4 segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The agency accepts various deposits merchandise that comprises savings Ac, NR Ac, fixed deposits, recurring deposits, corporate salary, and current Ac, as well as products for NRI customers; personal and enterprise loans, including loans in opposition to gold jewellery, two wheeler and motor car loans, housing loans, mortgage in opposition to assets and overdrafts on mortgage/hypothecation/pledge, small commercial enterprise loans, and agricultural loans; and microfinance. It additionally gives demat services; banking offerings to monetary establishments, together with non-banking monetary agencies, banks, insurance businesses, mutual funds, agents, and many others.; cash control and exchange finance services; digital banking services; statutory reserves and asset liability control, liquidity management, funding and securities buying and selling, and money market and foreign exchange services; sovereign debt gadgets funding services; commercial papers, mutual funds, certificates of deposits, bonds, and debentures; remittance services; life and non-life insurances; and payment services, in addition to debit cards. In addition, it provides agri-banking services; and corporate lending services. As of March 31, 2021, the agency operated 518 branches, which have 3 service branches, three- asset recovery branches, and 318 ATMs. The company was previously known as The Catholic Syrian Bank Ltd and changed its name to CSB Bank Ltd in June 2019. CSB Bank Ltd changed was established in 1920 in Thrissur, India.

CSB Bank Share Price

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Peer Comparison

CSB Bank Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Interest Earned	528	520	536	555	592	636	683	687	762	795
Other Income	52	64	55	45	90	126	122	148	125	197
Total Income	580	583	591	600	682	762	805	836	887	991
Interest Expense	224	216	225	230	242	288	319	344	379	409
Operating Expenditure	208	225	211	213	246	273	304	318	312	355
Provisions and contingencies	-51	-34	2	-4	-15	-9	5	-3	-5	22
Operating Profit	198	176	153	161	208	211	177	178	200	206
Profit Before Tax	198	176	153	161	208	211	177	178	200	206
Provision for Tax	50	45	39	41	52	55	44	45	50	55
Profit After Tax	148	131	115	121	156	156	132	133	150	151
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	148	131	115	121	156	156	132	133	150	151
Adjusted Earnings Per Share	8.5	7.5	6.6	6.9	9	9	7.6	7.7	8.6	8.7

CSB Bank Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Interest Earned	1321	1504	1545	1483	1336	1297	1348	1510	1872	2038	2320	2927
Other Income	95	117	127	105	281	125	136	222	303	247	316	592
Total Income	1415	1621	1672	1588	1617	1422	1483	1731	2175	2285	2636	3519
Interest Expense	982	1125	1189	1159	1023	912	908	918	931	885	986	1451
Operating Expenditure	332	401	433	432	443	436	563	533	729	786	942	1289
Provisions and contingencies	60	55	132	225	161	224	313	147	223	-1	-26	19
Operating Profit	42	41	-82	-228	-9	-149	-300	134	293	614	734	761
Profit Before Tax	42	41	-82	-228	-9	-149	-300	134	293	614	734	761
Provision for Tax	9	14	-29	-79	-10	-52	-103	121	74	156	186	194
Profit After Tax	33	27	-53	-150	2	-97	-197	13	218	458	547	566
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	33	27	-53	-150	2	-97	-197	13	218	458	547	566
Adjusted Earnings Per Share	0	0	0	0	0	0	0	0.7	12.6	26.4	31.6	32.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	14%	15%	12%	6%
Operating Profit CAGR	20%	76%	0%	33%
PAT CAGR	19%	248%	0%	32%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	10%	NA%	NA%
ROE Average	20%	17%	5%	-1%
ROCE Average	19%	16%	6%	1%

CSB Bank Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	758	770	888	893	999	889	1432	1961	2180	2651	3204
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Deposits	12342	13674	14474	14438	14912	14691	15124	15791	19140	20188	24506
Borrowings	199	556	45	42	42	42	0	794	1426	2007	783
Other Liabilities & Provisions	322	316	354	279	271	249	356	319	591	509	670
Total Liabilities	13620	15316	15762	15652	16223	15870	16911	18864	23337	25356	29162
Cash and balance with RBI	629	624	688	676	756	678	725	548	736	1473	1470
Bank Balance	436	450	110	50	455	537	248	392	978	101	367
Investments	3301	5132	5053	5987	5762	4114	4028	5360	6126	7012	5849
Advances	8852	8707	9472	7853	8119	9337	10615	11366	14438	15815	20651
Fixed Assets	169	173	175	215	215	216	218	253	269	288	319
Other Assets	233	229	263	871	916	987	1077	945	790	668	507
Total Assets	13620	15316	15762	15652	16223	15870	16911	18864	23337	25356	29162

CSB Bank Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	971	1065	1074	799	726	1211	1215	974	939	1714	1574
Cash Flow from Operating Activities	60	53	-356	-166	395	27	-893	-1109	1374	-852	2211
Cash Flow from Investing Activities	-13	-16	-16	-13	-17	-18	-22	-235	-1231	131	-724
Cash Flow from Financing Activities	46	-28	97	106	106	-5	674	1310	632	581	-1224
Net Cash Inflow / Outflow	94	9	-276	-72	485	4	-242	-34	775	-140	263
Closing Cash & Cash Equivalent	1065	1074	799	726	1211	1215	974	939	1714	1574	1837

CSB Bank Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	0	0.19	-12.04	-22.98	0.73	12.59	26.43	31.55
CEPS(Rs)	9.6	8.2	-7	-18.97	2.04	-10.12	-21.05	2.09	14.94	28.62	34.04
DPS(Rs)	1.5	1	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0	0	0	0	103.18	90.11	72.45	103.93	116.72	143.22	174.84
Yield on Advances	14.92	17.27	16.31	18.88	16.46	13.89	12.69	13.28	12.97	12.89	11.23
Yield on Investments	7.55	7.3	8.06	6.68	10.56	8.24	8.82	6.34	9.54	5.86	7.2
Cost of Liabilities	7.83	7.9	8.19	8.01	6.84	6.19	6	5.53	4.53	3.99	3.9
NIM (Net Interest Margin)	2.57	2.54	2.32	2.22	2.08	2.62	2.82	3.35	4.23	4.73	4.71
Interest Spread	7.09	9.37	8.12	10.88	9.62	7.7	6.69	7.75	8.44	8.9	7.33
ROA(%)	0.25	0.19	-0.34	-0.95	0.01	-0.61	-1.2	0.07	1.04	1.88	2.01
ROE(%)	5.64	4.21	-7.55	-20.08	0.2	-12.46	-29.2	1.05	11.41	20.33	19.84
ROCE(%)	6.99	6.25	-3.86	-21.91	0.98	-13.65	-21.53	7.33	11.36	16.65	18.56
PER(x)	0	0	0	0	0	0	0	161.53	18.48	8.01	7.79
Price/Book(x)	0	0	0	0	0	0	0	1.14	1.99	1.48	1.41
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.18	0.4	0.07	0.08	0.09	0.09	0.06	1.89	2.92	2.79	2.18
EV/Core EBITDA(x)	2.37	6.27	2.11	-30.3	0.81	1.65	6.43	10.16	10.6	9.25	7.14
Interest Earned Growth(%)	22.8	13.86	2.7	-3.99	-9.89	-2.96	3.91	12.05	24	8.87	13.8
Net Profit Growth	26.12	-17.71	-297.79	-181.62	101.04	-6370.14	-102.55	106.45	1616.35	109.93	19.38
Advances Growth	15.5	-1.63	8.78	-17.1	3.39	15.01	13.69	7.08	27.03	9.53	30.58
EPS Growth(%)	0	0	0	0	100.92	-6370.14	-90.86	103.19	1616.05	109.93	19.38
Loans/Deposits(x)	1.62	4.06	0.31	0.29	0.28	0.28	0	5.03	7.45	9.94	3.2
Cash/Deposits(x)	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.03	0.04	0.07	0.06
Current Ratio(x)	0.27	0.38	0.35	0.41	0.39	0.28	0.27	0.34	0.32	0.35	0.24
Quick Ratio(x)	1.62	4.06	0.31	0.29	0.28	0.28	0	5.03	7.45	9.94	3.2
CASA %	17.53	17.27	18	20.03	24.78	27.03	27.84	29.17	32.19	33.66	32.18

CSB Bank Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.72	49.72	49.72	49.72	49.72	49.72	49.72	49.72	49.72	49.72
FII	5.72	5.02	5.06	5.16	5.37	5.73	5.9	4.65	4.62	4.92
DII	12.24	12.36	11.22	10.5	11.92	11.61	12.19	14.34	16.06	15.95
Public	32.32	32.89	34	34.62	32.98	32.93	32.19	31.28	29.59	29.4
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	8.63	8.63	8.63	8.63	8.63	8.63	8.63	8.63	8.63	8.63
FII	0.99	0.87	0.88	0.9	0.93	0.99	1.02	0.81	0.8	0.85
DII	2.12	2.14	1.95	1.82	2.07	2.01	2.11	2.49	2.79	2.77
Public	5.61	5.71	5.9	6.01	5.72	5.71	5.58	5.43	5.13	5.1
Others	0	0	0	0	0	0	0	0	0	0
Total	17.35	17.35	17.35	17.35	17.35	17.35	17.35	17.35	17.35	17.35

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Promoter holding is low: 49.72%.

* 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.

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CSB Bank

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CSB Bank Research see more...

Overview Inc. Year: 1987Industry: Bank - Private

CSB Bank Share Price

Alert Data

Quarterly Price

Peer Comparison

CSB Bank Quarterly Results

CSB Bank Profit & Loss

Growth Rates

CSB Bank Balance Sheet

CSB Bank Cash Flow

CSB Bank Ratios

CSB Bank Shareholding Pattern

CSB Bank News

Top Unlisted Companies & InstaBuy Companies

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