RBL Bank Ltd Stock Analysis

BSE: 540065 | NSE: RBLBANK | Bank - Private | Mid Cap

BSE Share Price 23-Sep-2022 18:01
123.05 -4.70 (-3.68%)

DeciZen - Make an Informed Decision on RBL Bank

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

RBL Bank Price Chart

P/E Ratio (SA) :
12.59
Market Cap :
7,377.1 Cr.
52-wk low :
74.2
52-wk high :
221.2
Bole Toh?

1. Is RBL Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that RBL Bank Ltd is a average quality company.

2. Is RBL Bank Ltd undervalued or overvalued?

The key valuation ratios of RBL Bank Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is RBL Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RBL Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of RBL Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
RBL Bank Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Net Interest Income (₹ Cr.)2583425568191,2211,7662,5393,6303,7884,0274,085
YoY Gr. Rt. %-32.7%62.9%47.2%49.1%44.6%43.8%42.9%4.4%6.3%-
Total Income1,0061,6132,3563,2354,4695,5767,74310,42510,21310,51610,577
YoY Gr. Rt. %-60.3%46.1%37.3%38.1%24.8%38.9%34.6%-2%3%-
Adj EPS (₹ ) 3.73.47.1911.915.120.39.98.5-1.39.8
YoY Gr. Rt. %--6.8%107%27.6%32%27.3%34.3%-51.1%-14.6%-114.7%-
BVPS (₹ )63.569.37692115.5159.3176.9208211.7210.3213.6
YoY Gr. Rt. %-9.1%9.7%21.1%25.6%37.8%11.1%17.6%1.8%-0.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.90.60.90.911.21.20.60.5-0.10
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)0.10.30.30.60.60.80.72.12.11.31.2
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income35.7%27%16.6%6.3%
Total Income29.8%18.7%10.7%3%
Adj EPS-188.8%-163.7%-139.5%-114.7%
BVPS14.2%12.7%5.9%-0.7%
Share Price - -24.7% -31.6% -33.8%

Key Financial Ratios

RATIOS \ YEARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Interest Earned / Total Income87.4383.8282.8884.8483.0980.8481.3781.6881.5577.7477.9
Margins To view Margins Colour Rating Guide click here
NIM (%)222.12.22.62.93.34.3440
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)6.75.310.111.212.211.512.25.64.4-0.64.6
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)19.720.418.518.62224.32529.631.835.3-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.60%

Total Income has increased 10.74 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

Net Profit has declined -139.48 CAGR in last 3 years

Latest Financials - RBL Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 9.8 8.4
TTM Sales (₹ Cr.) 8,239 8,544
BVPS (₹.) 213.6 212.3
Reserves (₹ Cr.) 12,209 12,129
P/BV 0.58 0.58
PE 12.59 14.62
From the Market
52 Week Low / High (₹) 74.15 / 221.20
All Time Low / High (₹) 74.15 / 716.55
Market Cap (₹ Cr.) 7,377
Equity (₹ Cr.) 599.5
Face Value (₹) 10
Industry PE 22.4

Management X-Ray of RBL Bank :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of RBL Bank

Adj EPS (Rs.)
Total Income (Cr.)
ROE (%)
BVPS (Rs.)

News

About RBL Bank Ltd

RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country. The Bank offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations. RBL Bank is listed on both NSE and BSE (RBLBANK). The Bank is governed by the Banking Regulation Act, 1949 and the Companies Act, 2013. The Bank commenced its operations at its International Financial Services Centre Banking Unit (IBU) in Gujarat International Finance Tec (GIFT) City, Gujarat in April 2017. 

Business area of the bank

RBL Bank Limited 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.

Products and Services offered by the bank

Personal Banking

  • Accounts
  • Fixed Deposits
  • Credit Cards
  • Loans
  • Insurance
  • Investments
  • Demat
  • Convenience Banking
  • Ways to Banking
  • Forex Services

Business Banking

  • Business
  • Agri Banking
  • Micro & Small Business Banking

Wholesale Banking

  • Clients
  • Products and Services

NRI

  • NRI Accounts
  • NRI Deposits
  • NRI Money Transfer

Insignia

Awards

2012

  • A Business Today and KPMG study- Rated As India's Best Bank (Growth) In The Mid-Sized Bank Segment.
  • Asian Banker Technology Implementation Award- Winner Of The Best Core Banking Project, India

2013

  • A Business Today and KPMG study- Rated As India's Best Bank (Growth) In The Mid-Sized Bank Segment
  • Business World-PWC Best Bank Survey- Fastest Growing Small Bank
  • Sunday Standards Best Bankers Award- Best Indian Banker (Small-Sized)

2014

  • A Business Today and KPMG study- Rated As India's Best Bank (Growth) In The Mid-Sized Bank Segment
  • World Economic Forum- Recognised As A Global Growth Company
  • Business World-PWC Best Bank Survey- Fastest Growing Small Bank
  • Dun & Bradstreet Banking Awards- Best Bank - Priority Sector Lending (Private Sector)

2015

  • IDRBT Banking Technology Excellence Awards- Best Bank - Cyber Defence
  • A Business Today and KPMG study- Rated As India's Best Bank (Growth) In The Mid-Sized Bank Segment
  • A Business Today and KPMG study- Rated As India's Best Overall Bank (Small Category)
  • A Business Today and KPMG study- Rated As India's Best Bank (Quality Of Assets)
  • Business World-PWC Best Bank Survey- Fastest Growing Small Bank
  • Dun & Bradstreet Banking Awards- Best Bank - Priority Sector Lending (Private Sector)
  • Finnoviti- Best ESB (Enterprise State Bus) Deployment
  • IDRBT Banking Technology Excellence Awards- Use Of Technology For Financial Inclusion

2016

  • MasterCard Innovation Awards- Best Debit Card Innovations For The India Startup Club Debit Card
  • The Asian Banker Technology Innovation Awards- Best Corporate Payment Project
  • Business Today - KPMG, Fastest growing Small Bank- India's Best Overall Bank (Small Category)

2017

  • Dun & Bradstreet Banking Awards 2017- High Growth Private Sector Bank
  • Magna Awards 2017- Best Growing Small Bank
  • VCCircle Awards- Financial Services Company Of The Year
  • IBA Banking Technology Awards- Awarded The Best It Risk & Cyber Security Initiative Category And Best Payment Initiative Category
  • Ernst & Young (EY) Entrepreneur Of The Year 2016 India Awards- Vishwavir Ahuja -Entrepreneur Of The Year
  • IBLA Awards- Awarded The CNBC Asia's India Talent Management Award

2018

  • Aadhaar Excellence Awards 2018- Opening Highest Percentage Of Aadhaar Centres
  • CNBC Awaaz CEO Awards 2018- Most Promising Company Of The Year
  • IBLA Awards 2018- Most Promising Company Of The Year
  • Outlook Money Awards 2018- Best Bank
  • Business Today Banking Awards- Best Small Bank
  • Magna Awards 2018- Fastest Growing Small-Sized Bank

2019

  • Digital Payments Award by MeitY- Outstanding Performance In Pos Deployment In Northeast
  • TISS LeapVault CLO Award- Best Program For Sales Enablement
  • The Asian Banker Financial Technology Innovation Awards- Best Self Service Banking Initiative, Application
  • Asiamoney Awards 2019- Best Bank For Microfinance In India
  • BFSI Digital Innovation Awards 2019 by Express Computers- Recognised For Enterprise Mobility

2020

  • Best Savings Product 
  • Best Core System Project
  • Best Cloud-Based Project

Milestones

2013-14

  • New identity adopted, ‘RBL Bank’
  • Successfully raised Rs 328 Crore from marquee investors
  • Acquired the Business Banking, Credit Card and
  • Mortgage business of Royal Bank of Scotland (RBS) in India

2014-15

  • Recognised as Global Growth Company by the World Economic Forum’

2015-16

  • Successfully raised Rs 488 Crore as pre-IPO preferential placement

2016-17

  • Successfully concluded the Initial Public Offering (IPO), oversubscribed almost 70 times

2017-18

  • Raised Rs 1,680 Crore from marquee domestic and international investors

2018-19

  • Recognised as the Best Bank for Microfinance in India by Asia Money
  • Acquired 100% stake in RBL Finserve  (Formerly known as Swadhaar Finserve)

2019-20

  • Successfully raised Rs 2,701 crore from notable investors enhancing the long term capital resource for the Bank.
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