CSB Bank Ltd

CSB Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

CSB Bank Ltd

₹ 304 2.39%
15 Jan 10:22 a.m.
csb.co.in BSE: 542867 NSE: CSBBANK
About

CSB Bank (formerly The Catholic Syrian Bank Ltd) is engaged in the business of banking Services ,oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala , Bank focus on SME, retail, and NRI customers.(Source : Company Web-site )

Key Points

Business Segments FY24
1. Retail Banking (~59%): Offers products like CASA accounts, deposits, loans, forex, credit cards, gold loans, and personal loans.
2. Wholesale Banking (23%): Caters to corporate clients, focusing on corporate lending, capital markets, securitization, and supply chain finance.
3. Treasury Management (14%): Manages statutory reserves, asset-liability, liquidity, investments, trading in fixed-income securities, and foreign exchange operations.
4. SME Banking (~4%): Includes the Business Banking and Emerging Enterprise segments.. [1] [2]

Website BSE NSE
  • Market Cap ₹ 5,280 Cr.
  • Current Price ₹ 304
  • High / Low ₹ 420 / 289
  • Stock P/E 9.56
  • Book Value ₹ 219
  • Dividend Yield 0.00 %
  • ROCE 6.94 %
  • ROE 16.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 37.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.3,002 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.693 Cr.
  • Promoter holding has decreased over last 3 years: -9.72%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Part of BSE SmallCap Nifty Total Market Nifty Microcap 250 BSE Allcap BSE Financial Services

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 496 528 520 536 555 592 636 683 687 762 795 832 865
Interest 217 224 216 225 230 242 288 319 344 379 409 470 497
180 157 191 212 209 231 263 307 308 308 376 381 380
Financing Profit 99 146 113 98 116 118 85 57 35 75 10 -19 -13
Financing Margin % 20% 28% 22% 18% 21% 20% 13% 8% 5% 10% 1% -2% -2%
60 52 64 55 45 90 126 120 143 125 197 172 199
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 158 198 176 153 161 208 211 177 178 200 206 152 186
Tax % 25% 25% 26% 25% 25% 25% 26% 25% 25% 25% 27% 26% 26%
119 148 131 115 121 156 156 132 133 150 151 113 138
EPS in Rs 6.83 8.55 7.53 6.60 6.95 8.99 9.01 7.62 7.68 8.64 8.73 6.53 7.98
Gross NPA % 4.11% 2.62% 1.81% 1.79% 1.65% 1.45% 1.26% 1.27% 1.27% 1.22% 1.47% 1.69% 1.68%
Net NPA % 2.63% 1.36% 0.68% 0.60% 0.57% 0.42% 0.35% 0.32% 0.33% 0.31% 0.51% 0.68% 0.69%
Raw PDF
Upcoming result date: 28 January 2025

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 1,321 1,504 1,545 1,483 1,336 1,297 1,348 1,510 1,872 2,038 2,320 2,928 3,254
Interest 982 1,125 1,189 1,159 1,023 912 908 918 931 885 986 1,451 1,755
394 442 555 643 589 644 859 656 911 748 873 1,244 1,446
Financing Profit -55 -63 -199 -319 -275 -259 -419 -64 30 405 461 233 53
Financing Margin % -4% -4% -13% -22% -21% -20% -31% -4% 2% 20% 20% 8% 2%
95 117 127 105 281 125 136 222 303 247 316 584 693
Depreciation 7 7 11 14 15 16 17 24 41 38 43 56 0
Profit before tax 33 47 -82 -228 -9 -149 -300 134 293 614 734 761 746
Tax % 19% 34% -35% -34% -117% -35% -34% 90% 25% 25% 25% 26%
27 31 -53 -150 2 -97 -197 13 218 458 547 567 553
EPS in Rs 6.36 7.40 -8.81 -20.88 0.19 -12.04 -22.98 0.73 12.59 26.43 31.55 32.67 31.88
Dividend Payout % 24% 14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 17%
3 Years: 16%
TTM: 25%
Compounded Profit Growth
10 Years: 34%
5 Years: 37%
3 Years: 37%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 7%
1 Year: -23%
Return on Equity
10 Years: 8%
5 Years: 14%
3 Years: 18%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 42 42 60 72 81 81 86 174 174 174 174 174
Reserves 538 578 828 821 918 808 1,346 1,787 2,007 2,478 3,030 3,630
12,541 14,229 14,520 14,480 14,953 14,732 15,124 16,585 20,566 22,195 25,289 31,476
328 316 351 279 271 249 356 319 591 509 670 776
Total Liabilities 13,449 15,165 15,760 15,652 16,223 15,870 16,911 18,864 23,337 25,356 29,162 36,056
43 48 175 215 215 216 218 253 269 288 319 406
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 3,301 5,132 4,427 5,987 5,762 4,114 4,028 5,360 6,126 7,012 5,849 7,551
10,105 9,985 11,158 9,450 10,246 11,540 12,666 13,251 16,942 18,057 22,994 28,099
Total Assets 13,449 15,165 15,760 15,652 16,223 15,870 16,911 18,864 23,337 25,356 29,162 36,056

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-356 -166 395 27 -893 -1,109 1,374 -858 2,211 1,783
-16 -13 -17 -18 -22 -235 -1,231 136 -724 -1,439
97 106 106 -5 674 1,310 632 581 -1,224 974
Net Cash Flow -276 -72 485 4 -242 -34 775 -140 263 1,318

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 5% 5% -7% -17% 0% -10% -17% 1% 11% 19% 19% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 49.72% 40.00% 40.00%
5.72% 5.02% 5.06% 5.16% 5.37% 5.73% 5.89% 4.65% 4.62% 4.93% 12.42% 12.71%
12.23% 12.37% 11.22% 10.49% 11.92% 11.61% 12.19% 14.35% 16.07% 15.94% 18.71% 17.59%
29.44% 30.01% 31.12% 31.75% 30.10% 30.07% 29.32% 28.43% 26.74% 26.80% 26.34% 27.18%
2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.88% 2.86% 2.62% 2.54% 2.53%
No. of Shareholders 50,07254,23557,61356,84256,80156,75257,08755,52962,95863,49767,00476,579

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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