1. Is Corporation Bank a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Corporation Bank - (Amalgamated) is a average quality company.
2. Is Corporation Bank undervalued or overvalued?
The key valuation ratios of Corporation Bank - (Amalgamated)'s currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Corporation Bank a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Corporation Bank - (Amalgamated) is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
|Net Interest Income (₹ Cr.)||1,903||2,940||3,147||3,426||3,784||4,070||4,239||4,451||4,838||5,508||5,192|
|YoY Gr. Rt. %||-||54.5%||7.1%||8.9%||10.5%||7.6%||4.2%||5%||8.7%||13.9%||-|
|YoY Gr. Rt. %||-||22.5%||39.6%||16.8%||15.7%||7.3%||0.5%||6.7%||-11.6%||-12.3%||-|
|Adj EPS (₹ )||16.3||19.1||20.3||18.8||6.7||7||-5||4.9||-24.3||-10.6||-9.9|
|YoY Gr. Rt. %||-||16.9%||6.6%||-7.7%||-64.2%||3.9%||-171%||NA||-597.8%||NA||-|
|BVPS (₹ )||80.5||96.4||111.7||125.1||120.4||125.2||104.5||105||61.2||26.1||27.2|
|YoY Gr. Rt. %||-||19.7%||16%||12%||-3.8%||4%||-16.5%||0.5%||-41.7%||-57.3%||-|
|To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ|
|Net Profit/Total Funds (%)||1.2||1.1||1||0.8||0.3||0.3||-0.2||0.2||-1.7||-2.9||-2.6|
|To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ|
|Net NPA to Net Advances (%)||0.3||0.5||0.9||1.2||2.3||3.1||6.5||8.3||11.7||5.7||5.3|
|To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ|
|Capital Adequacy Ratio (%)||-||-||-||-||-||-||-||-||-||-||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Net Interest Income||12.5%||7.8%||9.1%||13.9%|
Key Financial Ratios
|RATIOS \ YEARS||Mar'10||Mar'11||Mar'12||Mar'13||Mar'14||Mar'15||Mar'16||Mar'17||Mar'18||Mar'19||TTM|
|Interest Earned / Total Income||82.39||87.91||89.71||90.51||91.6||92.95||91.79||86.3||88.4||89.3||81.5|
|Margins||To view Margins Colour Rating Guide click here ⓘ|
|Performance Ratios||To view Performance Ratios Colour Rating Guide click here ⓘ|
|Return on Equity (%)||21.9||21.9||19.5||16.1||5.7||5.7||-4.8||4.9||-36.4||-49||-36.3|
|Liquidity Ratio||To view Liquidity Ratio Colour Rating Guide click here ⓘ|
No data to display
Return on Equity has declined versus last 3 years average to %
|TTM EPS (₹)||-9.9||-9.9|
|TTM Sales (₹ Cr.)||15,789||15,796|
|BVPS (₹.) ⓘ||27.2||27.3|
|Reserves (₹ Cr.) ⓘ||15,118||15,164|
|From the Market|
|52 Week Low / High (₹)||9.55 / 22.60|
|All Time Low / High (₹)||9.55 / 162.97|
|Market Cap (₹ Cr.)||5,904|
|Equity (₹ Cr.)||1,198.8|
|Face Value (₹)||2|
|Industry PE ⓘ||13.7|
Corporation Bank incorporated in the year 1906 with a seed capital of Rs.5000. The Bank has Representative Offices at Dubai and at Hong Kong. Presently, the Bank has a network of 1361 fully automated CBS branches, 1250 ATMs and 2500 Branchless Banking Units across the country.
The Bank has many â€˜firstsâ€™ to its credit - Cash Management Services, Gold Banking, m-Commerce, Online approvals for Educational loans, 100% CBS Compliance.On August 2010, Corporation Bank has inked a memorandum of understanding (MoU) with Unique Identification Authority of India (UIDAI), following which it will act as registrar for unique identification project 'Aadhar'.
Corporation Bank in September 2010 has signed a memorandum of understanding (MoU) with United India Insurance (UII), public sector non-life insurance major for distributing micro insurance and other rural insurance products through its business correspondents.
The Bank has one Subsidiary viz. CorpBank Securities formed as a Primary Dealer to deal in Government Securities. The Subsidiary has recorded impressive performance over the years. The Bank also has a Regional Rural Bank namely CHIKO Bank covering Kodagu and Chikmagalur districts in Karnataka.
Personal Banking- Under this, it offers various products and services such saving account, loans, deposits, ATM facility, RTGS/NEFT facility, internet banking, demat services, etc.
NRI Banking- Besides various personal banking products, it also offers remittance services, consultancy services to its NRI Clients.
Corporates- To corporates, it offers various products and services such as corporate accounts, term finance, working capital loans, RTGS, NEFT, CMS,
Priority and SME- It also caters products and services to Priority and SME segment such as providing various kinds of products to meet their various business requirements.
Corporation Bank was nationalised in the year 1980.
In 1997, it was the second public sector bank in the India to enter capital market; It IPO was over subscribed by 13 times.
Corporation Bankâ€™s Lower Tier II bonds aggregating to Rs 500 crore were assigned 'CARE AAA' rating and its Upper Tier II/Perpetual Bonds issue of Rs 1,000 crore was also assigned 'CARE AAA' rating by Credit Analysis and Research.
Banking Technology Awards 2009 for its efforts in implementing innovative technologies in its business initiatives under the auspices of the Indian Banks Association [IBA], Finacle and the Trade Fairs & Conference International [TFCI].
Best PSU Bank of the Year by Bloomberg UTV â€˜Financial Leadership Awards 2011â€™
Ranked No.1 in Indiaâ€™s Most Customer Friendly Bank, a first ever Survey jointly conducted by Outlook Money and TNS.
Corporation Bank received the First Prize Under â€˜National Award for Excellence in Lending to Micro Enterprisesâ€™ for the year 2010-11 from Ministry of Micro, Small and Medium Enterprises, Govt. of India.
Corporation Bank has bagged the Best Manpower Efficiency Award in Public Sector Bank Category, instituted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banksâ€™ Association (IBA) at FIBAC Banking Awards 2011.
â€¢ Financial Express - Ernst Young India's Best Banks Survey 2010-11 ranks Corporation Bank as Second Best Public Sector Bank
â€¢ SKOCH Financial Inclusion Award 2012 for SHG Initiatives instituted by SKOCH Consultancy Services Pvt. Ltd.
â€¢ Ranked â€œNumber One Nationalised Bank 2010-11â€ at â€œFE â€“ Indiaâ€™s Best Banks Awardsâ€. The Best Banks Survey was conducted by Financial Express in association with Ernst & Young â€“ the Knowledge partner for the survey.
â€¢ â€˜Best Mid-Size Public Sector Bankâ€™ Award in the CNBC-TV18 Best Bank and Financial Institution Awards presented by MCX for FY11
â€¢ First Prize under ''National Award for Excellence in Lending to Micro Enterprises'' for 2010-11 from Ministry of Micro, Small & Medium Enterprises, Govt. of India
â€¢ â€œBest Manpower Efficiency Awardâ€ by FICCI-IBA at FIBAC Banking Awards 2011
â€¢ Ranked No.1 in Indiaâ€™s Most Customer Friendly Bank, a first ever Survey jointly conducted by Outlook Money and TNS
â€¢ â€œBest PSU Bank of the Yearâ€ by Bloomberg UTV â€˜Financial Leadership Awards 2011â€™
â€¢ â€œBest Financial Inclusion Initiativeâ€, â€œBest Use of Technology in Training & eLearning Initiativesâ€ Winner Awards & Runner Up Award - under the category â€œBest Online Bankâ€ amongst PSBs in the Banking Technology Awards-2010.
â€¢ SKOCH Financial Inclusion Award 2011 - for Financial Inclusion initiatives
â€¢ Dalal Street Investment Journal [DSIJ] Public Sector Undertakings Awards 2010 - on the basis of study conducted by KPMG
â€¢The Bank is ranked Number One under â€œNational Awards for Excellence in MSE Lendingâ€ and Second under â€œNational Awards for Excellence in Lending to Mirco Enterprisesâ€ for the year 2012-13 under Public Sector Banks from Ministry of Micro, Small and Medium Enterprises.
â€¢ â€œNumber Two Public Sector Bankâ€ at â€œFE â€“ Indiaâ€™s Best Banks Awardsâ€. The Best Banks Survey was conducted by Financial Express in association with Ernst & Young â€“ the Knowledge partner for the survey.
â€¢ Best Mid Size Public Sector Bank (Commendation) Award at â€œIndia Best Banks and Financial Institutions Awards 2012â€ by CNBC-TV18 & MCX SX
â€¢ â€œSafest Bankerâ€ Award by 'The Sunday Standard FINWIZ 2012 â€“ Best Bankersâ€™ Award
â€¢ â€˜SKOCH Financial Inclusion Award 2013â€™ for SHG Initiatives.
â€¢ â€œCaring Company Awardâ€ at World CSR Congress 2013 held at Mumbai on 18th February 2013.