X

Syndicate Bank - (Amalgamated) Stock Analysis

Small Cap
Evaluated by 2485 users | BSE: 532276 | NSE: SYNDIBANK |
Bank - Public
Syndicate Bank was founded in 1925 under the name 'Canara Industrial and Banking Syndicate' in Udupi, Karnataka with seed capital of Rs.8000. It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician with an...

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.
Syndicate Bank - (Amalgamated) has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Net Interest Income (Rs. Cr.)2,7404,3835,0855,4545,5415,5205,9856,2766,5526,649
Y-o-Y Gr. Rt.33-60%16%7.3%1.6%-0.4%8.4%4.9%4.4%1.5%
Total Income11,21512,36616,34418,29519,94523,72525,70726,46124,58223,949
Y-o-Y Gr. Rt.-10.3%32.2%11.9%9%19%8.4%2.9%-7.1%-2.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
15.5818.2821.8233.327.423-23.373.97-22.74-10.4
Y-o-Y Gr. Rt.-17.3%19.4%52.6%-17.7%-16.1%-201.6%NA-672.8%NA
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
100.06116.12133.5158.91174.48183.37152.49139.1794.4959.78
Y-o-Y Gr. Rt.-16.1%15%19%9.8%5.1%-16.8%-8.7%-32.1%-36.7%
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 (%)0.60.710.771.010.730.55-0.540.12-1.03-0.81
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 (%)1.070.970.960.761.561.94.485.216.286.16
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.
Syndicate Bank - (Amalgamated) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income10.4%3.7%3.6%1.5%
Total Income8.8%3.7%-2.3%-2.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-195.6%-182.4%NANA
Book Value per Share
-5.6%-19.3%-26.8%-36.7%
Share Price -13.6% -18.1% -18.9% 54.5%
Key Financial Ratios
RATIOS \ YEARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Interest Earned / Total Income89.5992.693.4293.5893.3691.1190.2486.9388.5990.71
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 (%)2.012.852.852.62.271.8722.162.12.23
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 (%)16.5717.6417.8822.7816.7313.22-14.383.08-24.81-18.31
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 (%) 31.2330.9329.4528.0326.3724.9525.9729.1229.4832.58
Entity Percentage Holding
Promoters 78.48%
Institutions 9.97%
Non-Institutions 11.55%
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 Syndicate Bank - (Amalgamated) and arrived at the following conclusion:

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

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

Syndicate Bank - (Amalgamated) earnings have declined by -182.4%, whereas share price has depreciated -18.1% 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 Syndicate Bank - (Amalgamated) share prices over the last 10 years. Here is what we found out:

Syndicate Bank - (Amalgamated) share price has depreciated -14.7% annually over the past ten years.

Syndicate Bank was founded in 1925 under the name 'Canara Industrial and Banking Syndicate' in Udupi, Karnataka with seed capital of Rs.8000. It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician with an intention to provide financial support to the local weavers.

Under its Pigmy Deposit Scheme started in 1928, the bank used to collect 2 annas daily at the doorsteps of the

Syndicate Bank was founded in 1925 under the name 'Canara Industrial and Banking Syndicate' in Udupi, Karnataka with seed capital of Rs.8000. It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician with an intention to provide financial support to the local weavers.

Under its Pigmy Deposit Scheme started in 1928, the bank used to collect 2 annas daily at the doorsteps of the depositors through its Agents. Much later in 1963 the name was changed to Syndicate Bank.

Business:

The bank is engaged in following business:

Personal Banking- Under this segment it offers banking products and services for age groups starting from children to senior citizen. It offers saving accounts, deposit scheme, current accounts, personal loans, housing loans, cash etc.

Agricultural Banking- With an objective to cater agricultural population, it has introduce many products and services to cater their requirements. It offers various kinds of loans such as tractor loans, loans to repay debts and many more other services.

Corporates banking- It caters services from large corporates to small and medium enterprises. The bank provides cash management services, loans, RTGS, etc.

NRI Banking-It also caters its products and services to NRI clients such as remittances services, western union money transfer, loans against term deposit, currency exchange etc.

Products and Services:

1) ASBA:Syndicate Bank introduced a new hassle free solution for investment in Public Issues  and Rights Issue called Application Supported by Blocked Amount (Synd ASBA) as per the SEBI guidelines. Unlike the current system of applying in IPOs using cheques, where the funds are blocked unproductively as application money till the finalisation of the allotment/bid. Under ASBA the funds will continue to earn interest during the application processing period  as application money remains blocked in account till allotment. Account will be debited only successful allotment. This facility is also available for rights issue and new fund offers (NFO) of mutual funds.

2) Deposits:

Operative Deposit Products

  • Savings Bank Account
  • Current Account
  • SyndSamanya Savings Bank Account

Special products in Syndicat-e-banking

  • Premium Savings Account
  • Multi-City Current Account  (3 variants)
  • Multi-City SB Account

Term Deposit Products

  •     Fixed Deposit
  •     SyndTaxShield Deposit
  •     Vikas Cash Certificate
  •     Syndicate Suvidha Deposit
  •     Social Security Deposit
  •     Senior Citizens Security Deposit
  •     Recurring Deposit
  •     Pigmy 1928 Deposit
  •     Pigmy Plus 2007 Deposit
  •     Synd Corporate Suvidha Deposit Scheme

3) Loans:

Retail Loan Products:

  • SyndSaral
  • SyndSenior
  • SyndRent
  • SyndVahan
  • SyndSwarnaExpress
  • SyndPigmy
  • SyndNivas
  • SyndNivas Plus
  • SyndVidya
  • Central Scheme to provide Interest Subsidy for the period of moratorium on Educational Loans taken by students from economically weaker sections from scheduled banks under the Model Education Loan Scheme of IBA.
  • Solar Water Heating Systems

4) Other Services:

Real Time Gross Settlement (RTGS System) - for instant transfer of funds

Real Time Gross Settlement (RTGS) is a technology based initiative for improvement of Payment & Settlement System linked to the funds management. RTGS is a gross settlement in which both processing and final settlement of funds transfer instructions take place continuously i.e. in real time and transfers are settled individually against the present clearing system. RTGS settles payments on a transaction basis instead of on net settlement basis adopted presently at clearing houses. The funds transfer through RTGS is instant, final and irrevocable.lectronic Funds Transfer (EFT) System

Electronic Funds Transfer (EFT) System

The Electronic Funds Transfer (EFT) System was introduced by the Reserve Bank of India in 1995 for quick movement of funds between different Banks for the Bank Customers. The scheme is available for transfer of funds across the Banks. At present  Reserve Bank of India manages the Clearing Houses in 15 centres  namely Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi, Thiruvananthapuram and Patna.

The EFT system works on the principle of 'NEXT DAY AVAILABILITY OF FUNDS' i.e. the beneficiary gets the funds credited to his account on the very next day, within 24 hours. This is a big boon to customer service since under the paper - based cheque payment system, a customer depositing an outstation cheque for collection receives credit to his account after 1-2 weeks time, depending upon the destination.

It is hoped that the enhancement in the limit of amount of individual transactions under the EFT Scheme would be beneficial for the banks' customers and will go a long way in improving customer service in the banks.

Salient Features:

  • Fast remittance facility - Credit is afforded within 24 hours.
  • Any number of remittances per day is permitted.
  • Amount is directly credited to beneficiary account.
  • Scope for frauds involving processing of paper instruments is absent.

Built in security.

National Electronic Funds Transfer (NEFT) System

National Electronic Funds Transfer is a nation wide transfer of funds from any bank branch to any other bank branch. The beneficiary gets the credit on the same day or the next day depending on the time of settlement.The essential information that the remitting customer has to furnish is:

  • Beneficiary details such as beneficiary name and account number.
  • Name and IFSC of the beneficiary bank branch.
  • Remitters mobile number or e-mail address.

The bank also offers NRI Services, E Banking Services.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback