The Jammu & Kashmir Bank Ltd - Stock Valuation and Financial Performance

BSE: 532209 | NSE: J&KBANK | Bank - Private | Small Cap

The Jammu & Kashmir Bank Ltd Share Price

140.55 -3.05 -2.12%
as on 26-Feb'24 16:59

DeciZen - make an informed investing decision on J&K Bank

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

The Jammu & Kashmir Bank stock performance -

mw4me loader
P/E Ratio (SA):
9.85
Market Cap:
15,813 Cr.
52-wk low:
44.6
52-wk high:
152.5

Is The Jammu & Kashmir Bank Ltd an attractive stock to invest in?

1. Is The Jammu & Kashmir Bank Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that The Jammu & Kashmir Bank Ltd is a below average quality company.

2. Is The Jammu & Kashmir Bank Ltd undervalued or overvalued?

The key valuation ratios of The Jammu & Kashmir Bank Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is The Jammu & Kashmir Bank Ltd a good buy now?

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

10 Year X-Ray of J&K 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.
The Jammu & Kashmir Bank Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Net Interest Income (₹ Cr.)2,6842,6512,7102,5122,8713,3843,7073,7713,9114,7455,147
YoY Gr. Rt. %--1.3%2.2%-7.3%14.3%17.9%9.5%1.7%3.7%21.3%-
Total Income7,1577,6557,3487,1797,1178,4888,9928,8038,75710,11211,582
YoY Gr. Rt. %-7%-4%-2.3%-0.9%19.3%5.9%-2.1%-0.5%15.5%-
Adj EPS (₹ ) 2.410.58.6-31.33.68.4-166.15.411.614.6
YoY Gr. Rt. %-329.9%-18.2%-464.9%NA129.4%-291.3%NA-11.2%115.8%-
BVPS (₹ )11.8126132.596.799.5108.175.78275.78495.7
YoY Gr. Rt. %-967.2%5.1%-27%2.9%8.6%-30%8.5%-7.7%10.9%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.60.70.5-20.20.5-1.10.40.40.91
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)0.22.84.35.14.94.93.532.51.60.8
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 Income6.5%10.6%8.6%21.3%
Total Income3.9%7.3%4%15.5%
Adj EPS18.9%26.1%NA115.8%
BVPS24.4%-3.3%3.5%10.9%
Share Price 0.4% 30.1% 69.1% 189.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Interest Earned / Total Income94.5592.2493.1493.1393.0490.4393.9392.1491.592.5293.4
Margins To view Margins Colour Rating Guide click here
NIM (%)3.53.73.73.33.43.63.83.53.53.83.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)22.38.66.6-28.53.88-207.77.815.214.8
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)39.141.844.151.750.950.753.756.856.654.1-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.20%

Total Income has increased 3.99 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 0.00 CAGR in last 3 years

Latest Financials - The Jammu & Kashmir Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 14.6 14.6
TTM Sales (₹ Cr.) 10,814 10,815
BVPS (₹.) 95.7 95.3
Reserves (₹ Cr.) 10,424 10,387
P/BV 1.50 1.51
PE 9.85 9.82
From the Market
52 Week Low / High (₹) 44.59 / 152.45
All Time Low / High (₹) 1.55 / 199.50
Market Cap (₹ Cr.) 15,813
Equity (₹ Cr.) 110.1
Face Value (₹) 1
Industry PE 19.3

Management X-Ray of J&K 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 J&K Bank

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

The Jammu & Kashmir Bank Ltd Stock News

The Jammu & Kashmir Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of J&K Bank on 26-Feb-2024 16:59 is ₹140.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Feb-2024 16:59 the market cap of J&K Bank stood at ₹15,813.
The latest P/E ratio of J&K Bank as of 26-Feb-2024 16:59 is 9.85.
The latest P/B ratio of J&K Bank as of 26-Feb-2024 16:59 is 1.50.
The 52-week high of J&K Bank is ₹152.4 and the 52-week low is ₹44.59.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of J&K Bank is ₹10,814 ( Cr.) .

About The Jammu & Kashmir Bank Ltd

The Jammu & Kashmir Bank Ltd. was incorporated in 1938, and is listed on the NSE and the BSE. It functions as a universal bank in the Union Territories of Jammu & Kashmir and Ladakh and as a specialised bank in the rest of the country. It is also designated as RBI’s agent for banking business, and carries out the banking business of the Union Territories of Jammu & Kashmir and Ladakh, besides collecting central taxes for CBDT. J&K Bank follows a two-legged business model whereby it seeks to increase lending in its home territory which results in higher margins despite modest volumes, and at the same time, seeks to capture niche lending opportunities on a pan-India basis to build volumes and improve margins. J&K Bank operates on the principle of 'socially empowering banking' and seeks to deliver innovative financial solutions for household, small and medium enterprises.

Business of the Bank

The Jammu & Kashmir Bank is engaged in banking Business. The Bank provides banking services, including CD's, educational loans, housing loans and car loans. The Bank also provides insurance services through a joint venture with MetLife India Insurance Company.

Products and Services of the bank

  • Personal Banking- Under this, it offers various products and services such saving accounts, 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.
  • Priority and SME- It also caters to the priority and SME segments and offers various kinds of products to meet their various business requirements.

Milestones & Achievements

  • 2010: JK Bank inaugurates 144th ATM at ZainakoteJ&K Bank launches Operation Clean Up'JK Bank launches An Poshe Tele Yeli Wan Poshe Over 100 LPG connections distributed at Chandanwari, UriJK Bank ATM network reaches to 292J&K Bank inaugurates Khidmat centre at Barmeen, Udhampur.
  • 2011: J&K Bank inaugurates ATM in CTM premises KathuaJ&K Bank opens branch in Ashmuji KulgamJ&K Bank inaugurates new B/U premises at Lakhanpur, GhagwalJ&K Bank inaugurates RSETI at Poonch.
  • 2012: J&K Bank opens ATM in DPL Budgam: Donates projector, laptop to SKIMS.
  • 2013: J&K Bank bags two HR awardsJ&K Bank gets Best Bank Award.
  • 2017: JK Bank hires Delloitte as their overhaul Consultants.
  • 2019: The bank won the CSO100 Award for the year 2019 at a ceremony held in Pune, Maharashtra for adopting new ways of thinking to secure business assets with sophisticated tools and improved defenses.
  • 2020: Jammu & Kashmir Bank has received approval to raise capital upto Rs 1000 crore by way of Non-Convertible, Redeemable, Unsecured, Basel III Compliant, Tier 2 bonds in the nature of debentures (debentures) on a private placement basis
  • 2021: Jammu and Kashmir (J&K) Bank has received in-principle approval from board to transfer 8.23 per cent stake of J&K Government to Union Territory (UT) of Ladakh.
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