J&K Bank

₹129.1 0.6 | 0.4%

WEBSITE BSE:532209 NSE : J & K BANK 10 May, 16:01

Market Cap ₹14211 Cr.

Stock P/E 7.8

P/B 1.2

Current Price ₹129.1

Book Value ₹ 110.7

Face Value 1

52W High ₹152.5

Dividend Yield 1.67%

52W Low ₹ 53.1

Edit Ratio

J&K Bank Research see more...

Overview Inc. Year: 1938Industry: Bank - Private

Jammu and Kashmir Bank Ltd is engaged inside the banking enterprise. The Bank offers various services and products, inclusive of loans, personal accounts, term deposits, insurance, cards, commercial enterprise debts, agriculture loans, mutual funds and non-resident banking. Its business segments consist of Treasury, Corporate/wholesale banking, Retail banking and different banking operations. It provides loans, along with housing loan, educational finance, commercial vehicle finance, consumer loan and agricultural term loan. It offers savings and deposits, which include Salary Accounts, Small Account and Fixed Deposit Schemes. It additionally provides non-resident banking services, consisting of Non-Resident External (NRE) Rupee Deposits and Non-Resident Ordinary (NRO) Rupee Deposits. It operates thru over 955 branches, which consist of about 174 metro branches, over 109 city branches, approximately 159 semi-city branches and 513 rural branches, spread over 18 states and four union territories.

J&K Bank Share Price

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Peer Comparison

J&K 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	2020	2012	2103	2299	2441	2512	2657	2764	2881	2910
Other Income	173	199	205	148	244	168	230	193	186	229
Total Income	2193	2212	2308	2447	2685	2681	2888	2957	3067	3139
Interest Expense	1026	1037	1069	1095	1183	1262	1374	1430	1600	1604
Operating Expenditure	836	856	857	869	957	968	986	992	915	870
Provisions and contingencies	22	-56	145	77	27	-175	77	-10	-9	-165
Operating Profit	308	375	236	407	518	625	452	545	561	830
Profit Before Tax	308	120	236	407	518	625	452	545	561	830
Provision for Tax	133	7	70	163	206	149	125	164	139	191
Profit After Tax	175	113	166	244	312	477	327	382	422	640
Adjustments	-6	6	-5	-4	-5	-4	5	2	1	-6
Profit After Adjustments	169	119	161	240	307	473	331	384	423	633
Adjusted Earnings Per Share	1.8	1.3	1.7	2.5	3.2	4.6	3.2	3.7	3.8	5.8

J&K 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	6137	6767	7061	6844	6686	6621	7676	8446	8111	8013	9355	11212
Other Income	485	393	599	509	497	501	817	509	701	753	765	838
Total Income	6622	7160	7660	7352	7183	7122	8493	8955	8813	8766	10120	12051
Interest Expense	3820	4082	4409	4132	4173	3750	4291	4739	4340	4101	4609	6008
Operating Expenditure	992	1181	1416	1554	1716	1990	2485	2735	2884	3599	3651	3763
Provisions and contingencies	284	147	1015	976	2800	1261	1058	2625	1052	321	75	-107
Operating Profit	1526	1750	820	689	-1507	121	659	-1144	537	746	1786	2388
Profit Before Tax	1526	1750	820	689	-1507	121	659	-1144	537	746	1786	2388
Provision for Tax	471	569	312	276	126	-82	195	39	102	241	587	619
Profit After Tax	1055	1181	508	414	-1633	203	464	-1183	435	504	1199	1771
Adjustments	0	0	0	0	0	0	0	0	-6	-10	-18	2
Profit After Adjustments	1055	1181	508	414	-1633	203	464	-1183	428	495	1181	1771
Adjusted Earnings Per Share	21.8	2.4	10.5	8.5	-31.3	3.6	8.3	-16.6	6	5.3	11.4	16.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	3%	7%	4%
Operating Profit CAGR	139%	0%	71%	2%
PAT CAGR	138%	0%	43%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	128%	72%	19%	-4%
ROE Average	15%	10%	4%	5%
ROCE Average	18%	12%	7%	9%

J&K 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	4865	5722	6108	6421	5673	6158	6622	6346	6802	8077	9896
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Deposits	64212	69328	65736	69379	72459	80005	89637	97786	108047	114703	122027
Borrowings	1075	1765	2340	2240	1276	1628	2624	2020	2015	2371	2892
Other Liabilities & Provisions	1583	1797	1726	2214	2604	1894	2522	2678	3408	5425	11097
Total Liabilities	71734	78613	75910	80254	82012	89684	101405	108829	120273	130576	145913
Cash and balance with RBI	2695	3046	2373	3127	3591	4328	4875	2947	3685	7750	7794
Bank Balance	2709	1170	1362	77	1802	3932	997	6845	5818	1042	1105
Investments	25731	26185	22740	20334	21271	18860	23141	22990	30774	33785	34780
Advances	39200	46385	44586	50193	49816	56913	66272	64399	66842	70393	82278
Fixed Assets	444	508	655	706	1479	1598	1646	2036	1971	1908	2224
Other Assets	942	1292	4160	5758	3989	4037	4445	9576	11141	15652	17684
Total Assets	71734	78613	75910	80254	82012	89684	101405	108829	120273	130576	145913

J&K 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	4454	5404	4216	3735	3204	5393	8260	5872	9793	9504	8792
Cash Flow from Operating Activities	1280	-683	118	-219	2457	2363	-2992	4374	-14	-1568	-407
Cash Flow from Investing Activities	-86	-169	-261	-136	-861	-164	-165	-115	-76	-85	-124
Cash Flow from Financing Activities	-243	-338	-338	-176	593	668	769	-339	-199	941	638
Net Cash Inflow / Outflow	951	-1189	-480	-531	2189	2867	-2388	3920	-289	-712	107
Closing Cash & Cash Equivalent	5404	4216	3735	3204	5393	8260	5872	9793	9504	8792	8899

J&K 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)	21.76	2.44	10.49	8.54	-31.32	3.64	8.33	-16.59	6.01	5.3	11.44
CEPS(Rs)	22.79	2.6	12.45	9.86	-29.69	5.38	10.2	-14.83	7.98	6.74	12.9
DPS(Rs)	5	5	2.1	1.75	0	0	0	0	0	0	0.5
Book NAV/Share(Rs)	100.35	11.8	126	132.45	96.64	99.44	108.03	74.99	81.71	75.4	83.52
Yield on Advances	15.66	14.59	15.84	13.63	13.42	11.63	11.58	13.12	12.13	11.38	11.37
Yield on Investments	7.23	6.65	8.15	8.82	9.02	7.79	7.55	7.35	6.44	5.33	6.1
Cost of Liabilities	5.85	5.74	6.48	5.77	5.66	4.59	4.65	4.75	3.94	3.5	3.69
NIM (Net Interest Margin)	3.29	3.5	3.73	3.68	3.29	3.42	3.55	3.81	3.52	3.46	3.77
Interest Spread	9.8	8.85	9.36	7.86	7.76	7.04	6.93	8.37	8.19	7.88	7.68
ROA(%)	1.6	1.57	0.66	0.53	-2.01	0.24	0.49	-1.13	0.38	0.4	0.87
ROE(%)	23.55	22.31	8.6	6.61	-28.5	3.83	8.03	-20.82	7.78	7.84	15.32
ROCE(%)	28.49	27.63	12.87	9.78	-18.09	3.52	10.94	-10.24	8.58	9.82	17.59
PER(x)	5.47	63.09	9.09	7.11	0	16.61	6.45	0	4.28	6.09	4.3
Price/Book(x)	1.19	13.02	0.76	0.46	0.78	0.61	0.5	0.17	0.31	0.43	0.59
Dividend Yield(%)	4.2	0.33	2.2	2.88	0	0	0	0	0	0	1.02
EV/Net Sales(x)	1.12	11.27	0.99	0.76	0.78	0.75	0.73	0.34	0.47	0.67	0.85
EV/Core EBITDA(x)	3.78	40.19	3.79	3.11	4.01	3.61	3.27	1.96	2.42	5.05	4.28
Interest Earned Growth(%)	26.91	10.27	4.35	-3.08	-2.31	-0.96	15.92	10.04	-3.97	-1.21	16.75
Net Profit Growth	31.36	11.96	-56.95	-18.61	-494.59	112.41	128.85	-355.12	136.74	16.02	137.61
Advances Growth	18.51	18.33	-3.88	12.58	-0.75	14.25	16.44	-2.83	3.79	5.31	16.88
EPS Growth(%)	31.36	-88.8	330.53	-18.61	-466.93	111.62	128.84	-299.13	136.21	-11.67	115.76
Loans/Deposits(x)	1.67	2.55	3.56	3.23	1.76	2.04	2.93	2.07	1.87	2.07	2.37
Cash/Deposits(x)	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.03	0.03	0.07	0.06
Current Ratio(x)	0.4	0.38	0.35	0.29	0.29	0.24	0.26	0.24	0.28	0.29	0.29
Quick Ratio(x)	1.67	2.55	3.56	3.23	1.76	2.04	2.93	2.07	1.87	2.07	2.37
CASA %	39.23	39.06	41.8	44.13	51.7	50.89	50.7	53.65	56.84	56.56	54.1

J&K Bank Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	70.12	70.12	68.03	68.03	68.03	63.41	63.41	63.41	59.4	59.4
FII	0.7	0.71	0.76	0.82	1.96	2.25	2.18	2.61	5.81	6.99
DII	0.23	0.21	0.93	2.12	2.78	2.66	2.44	4.92	7.81	7.89
Public	28.96	28.96	30.27	29.03	27.23	31.68	31.97	29.06	26.98	25.72
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	65.41	65.41	65.41	65.41	65.41	65.41	65.41	65.41	65.41	65.41
FII	0.65	0.66	0.73	0.79	1.89	2.32	2.25	2.69	6.4	7.69
DII	0.21	0.2	0.9	2.03	2.67	2.74	2.51	5.08	8.6	8.69
Public	27.01	27.02	29.11	27.92	26.18	32.68	32.97	29.97	29.71	28.32
Others	0	0	0	0	0	0	0	0	0	0
Total	93.29	93.29	96.15	96.15	96.15	103.15	103.15	103.15	110.12	110.12

Pros

Company has delivered good profit growth of 42% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.

* 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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J&K Bank

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J&K Bank Research see more...

Overview Inc. Year: 1938Industry: Bank - Private

J&K Bank Share Price

Alert Data

Quarterly Price

Peer Comparison

J&K Bank Quarterly Results

J&K Bank Profit & Loss

Growth Rates

J&K Bank Balance Sheet

J&K Bank Cash Flow

J&K Bank Ratios

J&K Bank Shareholding Pattern

J&K Bank News

Top Unlisted Companies & InstaBuy Companies

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