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CSB Bank Ltd Stock Analysis

Mid Cap
Evaluated by 243 users | BSE: 542867 | NSE: CSBBANK |
Bank - Private

Analysis of Financial Track Record

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.
CSB Bank Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Net Interest Income (Rs. Cr.)3073393793563243143854405929411,024
Y-o-Y Gr. Rt.-10.5%11.8%-6.1%-9.1%-3.1%22.7%14.3%34.6%58.9%-
Total Income1,1611,4151,6211,6721,5881,6181,4221,4831,7322,2732,348
Y-o-Y Gr. Rt.-21.9%14.5%3.1%-5%1.9%-12.1%4.3%16.7%31.3%-
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
8.247.816.42-8.81-20.880.19-12.04-22.980.7312.5913.02
Y-o-Y Gr. Rt.--5.2%-17.8%-237.2%NANA-6436.8%NANA1624.7%-
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
167.68150.74154.05126.7101.38103.1890.1172.45103.93116.62120.14
Y-o-Y Gr. Rt.--10.1%2.2%-17.8%-20%1.8%-12.7%-19.6%43.5%12.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1 : Not Good
Net Profit/Total Funds (%)0.240.250.19-0.34-0.950.01-0.61-1.20.071.04-
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%): Colour Rating Guide
  • < 0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1: Not Good
Net NPA to Net Advances (%)1.11.122.223.854.45.514.462.271.911.173.21
To view Capital Adequacy Ratio Colour Rating Guide click here
Capital Adequacy Ratio: Colour Rating Guide
  • > 12% : Very Good
  • 9%-12% : Somewhat Good
  • <9%: Not Good
Capital Adequacy Ratio - - - - - - - - - 0%-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
CSB Bank Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Interest Income13.3%23.8%34.7%58.9%
Total Income7.8%7.4%16.9%31.3%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
4.8%NANA1624.7%
Book Value per Share
-4%2.8%9%12.2%
Share Price - - - 30.7%
Key Financial Ratios
RATIOS \ YEARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Interest Earned / Total Income92.6693.3292.7692.3893.4182.6291.1890.8487.282.3782.84
Margins
To view Margins Colour Rating Guide click here
Margins: Colour Rating Guide
  • >2.75 : Very Good
  • 1.75-2.75 : Somewhat Good
  • <1.75 : Not Good
NIM (%)2.612.572.542.322.222.082.622.823.354.230
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15% : Very Good
  • 12%-15% : Somewhat Good
  • <12% : Not Good
Return on Equity (%)5.025.644.21-7.55-20.080.2-12.46-29.21.0511.427.44
Liquidity Ratio
To view Liquidity Ratio Colour Rating Guide click here
Liquidity Ratio: Colour Rating Guide
  • >35 : Very Good
  • 25-35 : Somewhat Good
  • <25 : Not Good
CASA (%) 19.3217.5317.271820.0324.7827.0327.8429.1732.19-
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Entity Percentage Holding
Promoters 49.72%
Institutions 17.33%
Non-Institutions 32.94%
Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworkds4me indicates that CSB Bank Ltd is a average quality company.

Data is not available for this company.

Data is not available for this company

Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that CSB Bank Ltd is an average long term investment. However, you need to ensure you buy at a right price to earn good returns.

The Bank was incorporated on November 26, 1920 under the Indian Companies Act, 1913 as ‘The Catholic Syrian Bank Limited’. A fresh certificate of incorporation under the Companies Act, 1956 was issued by the Registrar of Companies, Kerala at Ernakulum (RoC) on April 14, 1987. The Shareholders of Bank approved the change of the name of Bank from ‘The Catholic Syrian Bank Limited’ to ‘CSB Bank Limited’ through a postal ballot

The Bank was incorporated on November 26, 1920 under the Indian Companies Act, 1913 as ‘The Catholic Syrian Bank Limited’. A fresh certificate of incorporation under the Companies Act, 1956 was issued by the Registrar of Companies, Kerala at Ernakulum (RoC) on April 14, 1987. The Shareholders of Bank approved the change of the name of Bank from ‘The Catholic Syrian Bank Limited’ to ‘CSB Bank Limited’ through a postal ballot resolution dated May 4, 2019. RBI through its letter dated April 1, 2019 conveyed its ‘no objection’ in terms of Section 49B of the Banking Regulation Act to the change of name of Bank from ‘The Catholic Syrian Bank Limited’ to ‘CSB Bank Limited’. Subsequently, a fresh certificate of incorporation under the Companies Act, 2013 was issued by the RoC on June 10, 2019 and a fresh license bearing no. MUM-147 dated June 28, 2019 was issued by the RBI under Bank’s new name to carry on the banking business in India, in lieu of Bank’s previous license dated June 19, 1969. The name of Bank was changed to ‘CSB Bank Limited’ from “The Catholic Syrian Bank Limited”, in the second schedule of the RBI Act with effect from June 10, 2019.

CSB Bank is one of the oldest private sector banks in India with a history of over 98 years and has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra. It offers a wide range of products and services to its overall customer base of 1.3 million as on September 30, 2019, with particular focus on SME, Retail, and NRI customers. It delivers its products and services through multiple channels, including 412 branches (excluding three service branches and three asset recovery branches) and 290 ATMs spread across 16 states and four union territories as on September 30, 2019, and various alternate channels such as micro ATMs, debit cards, internet banking, mobile banking, point of sale services and UPI. While the bank has a long operating history as a traditional bank, it is currently focusing on implementation of strategic changes in its business model to function efficiently as a full service new age private sector bank backed by its new marquee investor - FIHM, its Promoter.

Business area of the bank

Under its SME banking business, the bank caters to financial institutions, agriculture and allied businesses, and vendors and dealers of corporates. It offers a wide range of products including term loans, working capital loans, invoice/bill discounting, letters of credit and bank guarantees. Under its retail banking business, it offers a wide range of loan and deposit products to its retail and NRI customers. Its retail lending products include gold loans, vehicle loans including two wheeler loans, loans against properties, personal loans, housing loans, agricultural loans, and education loans. Under its wholesale banking business, the bank caters to large and mid-size corporates and other business entities (with credit requirement of Rs 250 million and above). Besides, the banks treasury operations primarily consist of statutory reserves management, asset liability management, liquidity management, investment and trading of securities, and money market and foreign exchange activities.

Major Events & Milestones

  • 1920: Incorporation of bank.
  • 1964-65: The bank took over the assets and liabilities of six small and medium sized banks located in Kerala.
  • 1969: The Bank was included in the second schedule to the RBI Act.
  • 1972: Opened first branch in the state of Maharashtra in Mumbai.
  • 1973: Opened first branch in the state of Karnataka in Bengaluru.
  • 1975: Received license to deal in foreign exchange and mechanized reconciliation of inter-branch transactions.
  • 2003: Changed the logo and colour scheme to create a new image of bank.
  • 2004: Total business (advances plus deposits) crossed Rs 50,000 million.
  • 2009: Total business (advances plus deposits) crossed Rs 100,000 million.
  • 2015: Obtained approval of the FIPB for increasing the FDI limit in bank to 74% of the paid up share capital of bank.
  • 2015: Public launch of mobile banking.
  • 2018: RBI accorded its approval to FIHM to acquire 51% of the post issue paid up share capital of bank.
  • 2019: Established bank’s two wheeler loan business.
  • 2019: The bank changed its name, logo and color scheme.
  • 2020: CSB Bank has entered into a partnership with non-banking finance company, IIFL Finance (IIFL) for sourcing and managing retail gold loan assets.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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