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The Lakshmi Vilas Bank Ltd. Stock Analysis

Small Cap
Evaluated by 1013 users | BSE: 534690 | NSE: LAKSHVILAS |
Bank - Private
Lakshmi Vilas Bank (LVB) was founded eight decades ago in 1926 by seven people of Karur under the leadership of VSN Ramalinga Chettiar, mainly to cater to the financial needs of varied customer segments. The bank was incorporated on November 03, 1926 under the Indian companies act, 1913 and...

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.
The Lakshmi Vilas Bank Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Net Interest Income (Rs. Cr.)365371392486527645783791560428
Y-o-Y Gr. Rt.33-1.7%5.6%24%8.4%22.5%21.3%1%-29.2%-23.6%
Total Income1,2021,6771,9582,1882,4992,8733,3493,3883,0902,558
Y-o-Y Gr. Rt.-39.6%16.7%11.8%14.2%15%16.6%1.2%-8.8%-17.2%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
7.217.636.524.256.859.3212.41-22.85-27.95-24.83
Y-o-Y Gr. Rt.-5.8%-14.6%-34.8%61.2%36.1%33.2%-284.1%NANA
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
57.8462.6566.7369.6176.5482.3295.1384.1553.2631.09
Y-o-Y Gr. Rt.-8.3%6.5%4.3%10%7.6%15.6%-11.5%-36.7%-41.6%
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 (%)0.850.720.540.310.580.670.8-1.55-2.43-2.91
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 (%)0.91.742.433.441.851.181.765.667.4910.04
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.
The Lakshmi Vilas Bank Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income1.8%-4.1%-18.2%-23.6%
Total Income8.8%0.5%-8.6%-17.2%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-214.7%-229.4%-226%NA
Book Value per Share
-6.7%-16.5%-31.1%-41.6%
Share Price -15.3% -28% -52.1% 10%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Interest Earned / Total Income88.690.5889.9390.6988.6389.484.9989.7691.986.27
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 (%)2.892.412.322.442.222.342.32.051.822.03
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 (%)13.0412.6610.096.2310.7811.7414.41-28.42-46.35-60.79
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 (%) 18.8114.9114.4914.2316.6717.3619.1321.0625.6826.64
Entity Percentage Holding
Promoters 6.80%
Institutions 15.64%
Non-Institutions 77.56%
Pledged *36.1937.4732.5634.5533.8831.3635.0234.9134.9134.91
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of The Lakshmi Vilas Bank Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that The Lakshmi Vilas Bank Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of The Lakshmi Vilas Bank Ltd.'s performance infers:

The Lakshmi Vilas Bank Ltd. earnings have declined by -229.4%, whereas share price has depreciated -28% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of The Lakshmi Vilas Bank Ltd. share prices over the last 10 years. Here is what we found out:

The Lakshmi Vilas Bank Ltd. share price has depreciated -16.2% annually over the past ten years.

Lakshmi Vilas Bank (LVB) was founded eight decades ago in 1926 by seven people of Karur under the leadership of VSN Ramalinga Chettiar, mainly to cater to the financial needs of varied customer segments. The bank was incorporated on November 03, 1926 under the Indian companies act, 1913 and obtained the certificate to commence business on November 10, 1926, the bank obtained its license from Reserve Bank of India (RBI) in June 1958 and in August 1958 it became a scheduled commercial bank.

Lakshmi Vilas Bank (LVB) was founded eight decades ago in 1926 by seven people of Karur under the leadership of VSN Ramalinga Chettiar, mainly to cater to the financial needs of varied customer segments. The bank was incorporated on November 03, 1926 under the Indian companies act, 1913 and obtained the certificate to commence business on November 10, 1926, the bank obtained its license from Reserve Bank of India (RBI) in June 1958 and in August 1958 it became a scheduled commercial bank.

During 1961-65 LVB took over nine banks and raised its branch network considerably. To meet the emerging challenges in the competitive business world, the bank started expanding its boundaries beyond Tamil Nadu from 1974 by opening branches in the neighboring states of Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West Bengal, Uttar Pradesh, Delhi and Pondicherry.

Mechanization was introduced in the head office of the bank as early as 1977. At present, with a network of 249 branches, 3 satellite branches and 6 extension counters, spread over 14 states and the union territory of Pondicherry, the bank’s focus is on customer delight, by maintaining high standards of customer service and amidst all these new challenges, the bank is progressing admirably. LVB has a strong and wide base in the state of Tamil Nadu, one of the progressive states in the country, which is politically stable and has a vibrant industrial environment. LVB has been focusing on retail banking, corporate banking and bank assurance.

The bank’s business crossed Rs. 12,606 crores as on March 31, 2009. The bank earned a net profit of Rs. 50.30 crores. The net owned fund of the bank reaches Rs 453.70 crore. With a fairly good quality of loan assets the net NPA of the bank was pegged at 1.24 % as on March 31, 2009.

Banking

  • Savings Bank
  • Current Account
  • ‘No FRILLS’ SB A/C 
  • Fixed Deposits
  • Loans
  • International Banking
  • NRI Banking
  • Net Banking
  • SMS Banking

Services

  • Shop online 
  • Bill Payment 
  • Online RTGS
  • SMS alerts
  • NEFT
  • RTGS
  • ATM Network 
  • Forex Services
  • Western Money Transfer
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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