X

Allahabad Bank - (Amalgamated) Stock Analysis

Small Cap
Evaluated by 3209 users | BSE: 532480 | NSE: ALBK |
Bank - Public
The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India.Allahabad Bank is oldest nationalised Bank with rich experience in extending...

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.
Allahabad Bank - (Amalgamated) has not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Net Interest Income (Rs. Cr.)2,6504,0225,1634,8665,3116,1785,8985,2874,7325,511
Y-o-Y Gr. Rt.33-51.8%28.4%-5.7%9.1%16.3%-4.5%-10.4%-10.5%16.5%
Total Income9,88512,38516,82218,91320,91221,71220,79520,30519,05118,565
Y-o-Y Gr. Rt.-25.3%35.8%12.4%10.6%3.8%-4.2%-2.4%-6.2%-2.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
27.0129.8837.3323.721.5210.87-12.11-4.22-55.38-39.75
Y-o-Y Gr. Rt.-10.6%24.9%-36.5%-9.2%-49.5%-211.4%NANANA
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
131.73160.5192.92209.92201.04206.41185.99157.2791.3629.5
Y-o-Y Gr. Rt.-21.8%20.2%8.8%-4.2%2.7%-9.9%-15.4%-41.9%-67.7%
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 (%)1.11.041.120.610.550.28-0.32-0.13-1.91-3.33
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 (%)0.660.790.983.194.153.996.768.928.045.22
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.
Allahabad Bank - (Amalgamated) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income8.5%0.7%-2.2%16.5%
Total Income7.3%-2.4%-3.7%-2.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-204.4%-213.1%NANA
Book Value per Share
-15.3%-31.9%-45.9%-67.7%
Share Price -22.2% -22.2% -26.2% 99.1%
Key Financial Ratios
RATIOS \ YEARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Interest Earned / Total Income84.6688.9392.2892.1989.6490.8190.8186.9885.8790.84
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 (%)2.222.722.882.422.462.782.542.321.962.34
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 (%)22.2121.0421.5911.7710.935.46-6.41-2.71-48.17-119.93
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 (%) 34.533.4830.4930.7331.3533.5635.945.3746.0849.49
Entity Percentage Holding
Promoters 93.43%
Institutions 3.33%
Non-Institutions 3.23%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Allahabad Bank - (Amalgamated) and arrived at the following conclusion:

Past 10 year's financial track record indicates that Allahabad Bank - (Amalgamated) is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Allahabad Bank - (Amalgamated)'s performance infers:

Allahabad Bank - (Amalgamated) earnings have declined by -213.1%, whereas share price has depreciated -22.2% 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 Allahabad Bank - (Amalgamated) share prices over the last 10 years. Here is what we found out:

Allahabad Bank - (Amalgamated) share price has depreciated -22.4% annually over the past ten years.

The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India.

Allahabad Bank is oldest nationalised Bank with rich experience in extending various banking solutions to its valued clients since 1865. Their consistent track record of growth with profit provides the confidence of meeting all your Banking requirements.

In 1991 the

The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India.

Allahabad Bank is oldest nationalised Bank with rich experience in extending various banking solutions to its valued clients since 1865. Their consistent track record of growth with profit provides the confidence of meeting all your Banking requirements.

In 1991 the bank commenced its wholly-owned subsidiary AllBank Finance for merchant banking. In June 2006 the bank opened its first representative office at Shenzen, China and same year it rolled out first branch under CBS.

Currently the bank serves customers across 110 cities with a network 6 zonal offices, 2227 branches (including one in Hong Kong) and 221 ATMs.

Allahabad Bank is well spread out in India and recently opened first International Branch at Hong Kong. Bank has also arrangements with correspondents at various important overseas locations, which will ensure extending to its all NRI customers rich banking experience.

Products and services offered by the company:

Products

Deposit Products

  • Flexi-fix Deposit
  • Rs.5 Banking
  • All Bank Tax Benefit Term Deposit Scheme
  • All Bank Premium SB Account
  • All Bank Mahila Sanchay Account
  • All Bank Vikash SB Account
  • All Bank Premium Current Account
  • Current Plus Deposit Scheme
  • Sishu Mangal Deposit Scheme

Retail Credit Products

  • All Bank Housing Finance Scheme
  • All Bank Educational Loan Scheme
  • All Bank Car Finance Scheme
  • All Bank Saral Loan Scheme
  • Personal Loan Scheme for Pensioners
  • Personal Loan Scheme for Doctors/ Medical Practitioners
  • Loan against NSC/ KVP
  • All Bank Property Loan
  • All Bank Furnishing Loan
  • All Bank Gold Loan Scheme
  • All Bank Mobike Scheme
  • Overdraft Facility in Savings Bank Account
  • All Bank Abhusan Scheme
  • All Bank Trade Scheme
  • AllBank Gyan Dipika Scheme
  • Allabnk Reverse Mortgage Scheme

Other Credit Products

  • Kisan Credit Card
  • Kisan Shakti Yojana
  • AllBank-Expo

Services:

  • All Ayushman Bima Yojana 
  • Cash Management Services 
  • Depository Services 
  • Visa Debit Cum ATM Card 
  • Real Time Gross Settlement (RTGS) 
  • National Electronic Funds Transfer (NEFT) 
  • Gold Card Scheme for Exporters 
  • Charter for MSMEs 
  • Government Business 
  • Regional MSME Care Centres

Milestones:

Nineteenth Century

  • April 24, 1865 - The Bank was founded at the confluence city of Allahabad by a group of Europeans.

Twentieth Century

  • 1920's - The Bank became a part of P & O Banking Corporation's group with a bid price of Rs.436 per share
  • 1923 -The Head Office of the Bank shifted to Calcutta on Business considerations.
  • July 19, 1969 Nationalized along with 13 other banks, Branches - 151 Deposits - Rs.119 crores, Advances - Rs.82 crores.
  • October, 1989 - United Industrial Bank Ltd. merged with Allahabad Bank.
  • 1991 - Instituted AllBank Finance Ltd., a wholly owned subsidiary for Merchant Banking.

Twenty-First Century

  • 2002 -  The Bank came out with Initial Public Offer (IPO), of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16%.
  • 2005 - Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%.
  • 2006 -  The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China.
  • 2006 -  Rolled out first Branch under CBS.
  • 2007 - The Bank opened its first overseas branch at Hong Kong.
  • 2007 - Bank's business crossed Rs.1,00,000 crores mark.
  • 2008 - Bank announces special package for housing loan & MSME borrowers.
  • 2008 - Bank crosses Rs.125000 crore business.
  • 2008 - Allahabad Bank Launches Debt Waiver Scheme.
  • 2009 - The bank launches savings bank deposit mobilisation campaign.
  • 2009 - The bank launches retail selling of Gold Coins.
  • 2009 - Allahabad Bank ties up with UAE Exchange & Financial Services.
  • 2009 - Allahabad Bank signed an MOU with Maruti Suzuki for entering into a strategic partnership for promotion of Car financing.
  • 2010 - Allahabad Bank business crosses Rs 1,96,800 crore.
  • 2011 - Allahabad Bank begun enrollment for Aadhaar, the brand name of the Unique Identification number (UID).
  • 2011 - The bank allotted 2.95 crore shares of Rs 10 each at a premium of Rs. 217 to the Government of India (GoI) on a preferential basis in return for Rs 670.00 crore fund infusion.
  • 2011 - Bank has implemented CBS in all its Branches 
  • 2012 - Bank crosses its net work of 2500 branches. 
  • 2013 - Bank crosses bench mark business figure Rs.3,00,000 crore and enters in “Orbit of Large Banks”

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback