Jammu and Kashmir Bank Ltd

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

Jammu and Kashmir Bank Ltd

₹ 94.9 0.49%
22 Nov - close price
jkbank.net BSE: 532209 NSE: J&KBANK
About

Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.[1]
It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.[2]

Key Points

Key Ratios - FY23
Capital Adequacy Ratio - 15.39%
Net Interest Margin - 3.89%
Gross NPA - 6.04%
Net NPA - 1.62%
CASA Ratio - 54.10% [1]

Website BSE NSE
  • Market Cap ₹ 10,448 Cr.
  • Current Price ₹ 94.9
  • High / Low ₹ 152 / 88.1
  • Stock P/E 5.16
  • Book Value ₹ 111
  • Dividend Yield 2.27 %
  • ROCE 5.89 %
  • ROE 15.9 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.85 times its book value
  • Company has delivered good profit growth of 30.6% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.87% over past five years.
  • Company has a low return on equity of 12.6% over last 3 years.
  • Contingent liabilities of Rs.6,358 Cr.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -10.7%

* 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 Nifty Smallcap 250 BSE Financial Services BSE 400 MidSmallCap Index BSE PSU BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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 1,990 2,020 2,013 2,103 2,299 2,441 2,512 2,657 2,764 2,881 2,910 2,994 3,124
Interest 1,017 1,026 1,037 1,069 1,095 1,183 1,263 1,374 1,430 1,601 1,604 1,625 1,688
1,032 856 798 1,001 943 982 791 1,060 980 903 702 951 978
Financing Profit -59 137 178 33 261 275 459 223 354 378 604 418 458
Financing Margin % -3% 7% 9% 2% 11% 11% 18% 8% 13% 13% 21% 14% 15%
194 170 -59 203 146 242 166 228 190 182 225 194 296
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax 135 307 119 236 406 517 625 451 544 560 829 612 754
Tax % 18% 43% 5% 30% 40% 40% 24% 28% 30% 25% 23% 32% 27%
111 174 112 166 243 312 476 326 381 421 639 415 551
EPS in Rs 1.19 1.86 1.20 1.73 2.53 3.24 4.62 3.16 3.69 3.82 5.80 3.77 5.00
Gross NPA % 8.95% 8.93% 8.67% 9.09% 7.67% 7.25% 6.04% 5.77% 5.26% 4.84% 4.08% 3.91% 3.95%
Net NPA % 3.02% 3.02% 2.49% 3.02% 2.10% 2.08% 1.62% 1.39% 1.04% 0.83% 0.79% 0.76% 0.85%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 6,137 6,767 7,061 6,844 6,686 6,621 7,676 8,446 8,111 8,013 9,355 11,212 11,909
Interest 3,821 4,083 4,410 4,133 4,174 3,751 4,292 4,740 4,340 4,102 4,610 6,009 6,517
1,224 1,245 2,330 2,458 4,426 3,149 3,433 5,227 3,795 3,769 3,560 3,427 3,533
Financing Profit 1,092 1,439 321 252 -1,914 -278 -49 -1,521 -24 143 1,185 1,777 1,858
Financing Margin % 18% 21% 5% 4% -29% -4% -1% -18% -0% 2% 13% 16% 16%
484 390 594 504 493 495 813 546 692 744 757 825 897
Depreciation 50 78 94 64 85 97 104 125 134 144 158 218 0
Profit before tax 1,526 1,752 820 692 -1,506 121 660 -1,100 534 743 1,784 2,385 2,755
Tax % 31% 32% 38% 40% 8% -68% 30% 4% 19% 32% 33% 26%
1,055 1,182 509 416 -1,632 203 465 -1,139 432 502 1,197 1,767 2,026
EPS in Rs 21.76 24.39 10.49 8.58 -31.31 3.64 8.35 -15.97 6.06 5.38 11.61 16.05 18.39
Dividend Payout % 23% 20% 20% 20% -0% -0% -0% -0% -0% -0% 4% 13%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 11%
TTM: 15%
Compounded Profit Growth
10 Years: 4%
5 Years: 31%
3 Years: 60%
TTM: 35%
Stock Price CAGR
10 Years: -3%
5 Years: 24%
3 Years: 33%
1 Year: -14%
Return on Equity
10 Years: 4%
5 Years: 7%
3 Years: 13%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 48 48 48 48 52 56 56 71 71 93 103 110
Reserves 4,816 5,675 6,062 6,375 5,624 6,106 6,570 6,322 6,754 8,014 9,840 12,126
65,296 71,101 68,096 71,630 73,739 81,635 92,263 99,808 110,076 117,081 124,930 137,660
1,583 1,795 1,725 2,214 2,603 1,892 2,517 2,671 3,390 5,414 11,089 4,631
Total Liabilities 71,743 78,620 75,931 80,268 82,019 89,688 101,406 108,872 120,292 130,602 145,962 154,527
444 507 655 705 1,479 1,598 1,646 2,036 1,971 1,907 2,224 2,208
CWIP 13 27 34 59 64 17 29 35 41 46 47 50
Investments 25,741 26,195 22,760 20,354 21,291 18,880 23,160 23,052 30,814 33,835 34,829 34,987
45,546 51,891 52,482 59,151 59,184 69,193 76,571 83,749 87,465 94,814 108,862 117,282
Total Assets 71,743 78,620 75,931 80,268 82,019 89,688 101,406 108,872 120,292 130,602 145,962 154,527

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,284 -685 129 -219 2,451 2,362 -2,995 4,374 -11 -1,568 -421 -851
-91 -167 -271 -136 -861 -164 -164 -114 -76 -85 -123 -257
-243 -338 -338 -176 593 668 769 -339 -199 941 638 407
Net Cash Flow 950 -1,190 -480 -531 2,183 2,867 -2,391 3,921 -285 -713 94 -701

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 24% 22% 9% 7% -27% 3% 7% -18% 7% 7% 13% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.12% 70.12% 68.03% 68.03% 68.03% 63.41% 63.41% 63.41% 59.40% 59.40% 59.40% 59.40%
0.70% 0.71% 0.76% 0.82% 1.96% 2.24% 2.19% 2.61% 5.80% 6.99% 7.16% 6.47%
0.23% 0.21% 0.94% 2.12% 2.78% 2.66% 2.43% 4.92% 7.81% 7.90% 6.74% 6.41%
28.96% 28.96% 30.27% 29.03% 27.23% 31.69% 31.96% 29.06% 26.98% 25.71% 26.70% 27.72%
No. of Shareholders 1,84,2541,92,5881,95,9351,89,5351,69,5581,72,0741,72,1711,88,6092,04,1932,15,2942,54,6452,78,050

* 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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