State Bank of Mysore(Merged)
State Bank of Mysore (the Bank) is an India-based bank. The bank is an associate of the State Bank of India. The Bank had a network of 905 Branches and nine Extension Counters spread all over India including six Small and Medium Enterprise Branches, four Industrial Finance Branches, three Corporate Accounts Branches, seven Specialized Personal & Services Banking Branches, nine Agricultural Development Branches, three Government Business Branches, two Specialized non-resident Indian (NRI) Branches, offering a range of services to the customers besides five Service Branches and one Asset Recovery Branch rendering backup support to the Bank.
- Market Cap ₹ 2,910 Cr.
- Current Price ₹ 606
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 957
- Dividend Yield 0.00 %
- ROCE 7.01 %
- ROE 7.05 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.63 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.8% over past five years.
- Company has a low return on equity of 7.32% over last 3 years.
- Contingent liabilities of Rs.42,984 Cr.
- Earnings include an other income of Rs.1,026 Cr.
- Dividend payout has been low at 6.78% of profits over last 3 years
* 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 - Public Sector
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,347 | 1,776 | 2,494 | 3,247 | 3,559 | 4,079 | 5,078 | 5,965 | 6,323 | 6,940 | 7,128 | 6,964 | |
734 | 613 | 665 | 814 | 917 | 1,300 | 1,593 | 1,694 | 2,210 | 2,193 | 2,365 | 3,946 | |
Operating Profit | 613 | 1,164 | 1,829 | 2,434 | 2,642 | 2,779 | 3,486 | 4,271 | 4,113 | 4,747 | 4,762 | 3,018 |
OPM % | 45% | 66% | 73% | 75% | 74% | 68% | 69% | 72% | 65% | 68% | 67% | 43% |
461 | 355 | 433 | 515 | 426 | 455 | 516 | 596 | 573 | 768 | 810 | 1,026 | |
Interest | 735 | 1,093 | 1,732 | 2,409 | 2,322 | 2,443 | 3,494 | 4,125 | 4,396 | 4,853 | 5,012 | 4,875 |
Depreciation | 54 | 60 | 58 | 43 | 42 | 50 | 50 | 47 | 61 | 66 | 74 | 0 |
Profit before tax | 284 | 366 | 472 | 497 | 704 | 742 | 458 | 695 | 227 | 596 | 486 | -831 |
Tax % | 24% | 32% | 32% | 32% | 37% | 33% | 19% | 40% | -21% | 31% | 26% | |
217 | 249 | 319 | 337 | 446 | 501 | 369 | 416 | 274 | 409 | 358 | -571 | |
EPS in Rs | 106.97 | 78.88 | 88.91 | 57.14 | 85.17 | 74.55 | -118.92 | |||||
Dividend Payout % | 15% | 14% | 11% | 11% | 8% | 9% | 13% | 13% | 5% | 7% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 12% |
3 Years: | 6% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | -6% |
3 Years: | -5% |
TTM: | -247% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 36 | 36 | 36 | 36 | 36 | 47 | 47 | 47 | 48 | 48 | 48 | 48 |
Reserves | 899 | 1,105 | 1,342 | 2,235 | 2,629 | 3,637 | 3,942 | 4,286 | 4,501 | 4,884 | 5,194 | 4,547 |
16,951 | 23,012 | 29,194 | 36,743 | 41,154 | 46,533 | 54,612 | 60,823 | 67,034 | 71,752 | 74,863 | 77,254 | |
1,451 | 2,689 | 2,498 | 1,472 | 1,590 | 1,816 | 1,803 | 2,077 | 2,393 | 2,784 | 2,870 | 2,452 | |
Total Liabilities | 19,337 | 26,843 | 33,070 | 40,486 | 45,409 | 52,032 | 60,404 | 67,233 | 73,976 | 79,469 | 82,975 | 84,301 |
163 | 133 | 123 | 731 | 733 | 725 | 742 | 818 | 850 | 922 | 954 | 985 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 6 | 10 | 15 | 17 | 0 |
Investments | 5,694 | 6,990 | 8,403 | 11,378 | 11,494 | 12,927 | 14,733 | 16,775 | 19,190 | 18,066 | 20,124 | 20,010 |
13,481 | 19,720 | 24,544 | 28,376 | 33,182 | 38,380 | 44,921 | 49,634 | 53,926 | 60,466 | 61,880 | 63,306 | |
Total Assets | 19,337 | 26,843 | 33,070 | 40,486 | 45,409 | 52,032 | 60,404 | 67,233 | 73,976 | 79,469 | 82,975 | 84,301 |
Cash Flows
Figures in Rs. Crores
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-198 | 955 | 347 | -563 | 938 | -407 | 679 | 394 | -365 | 1,734 | -275 | |
-125 | -30 | -47 | -54 | -52 | -58 | -88 | -84 | -150 | -270 | -110 | |
116 | 156 | 168 | -147 | -50 | 426 | -168 | -168 | -49 | -149 | -171 | |
Net Cash Flow | -207 | 1,080 | 468 | -763 | 837 | -39 | 422 | 142 | -564 | 1,315 | -556 |
Ratios
Figures in Rs. Crores
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -296 | -389 | -282 | -102 | -103 | -38 | -15 | -61 | -60 | 63 | 60 |
ROCE % | 7% | 8% | 8% | 7% | 7% | 7% | 8% | 7% | 7% | 7% |
Documents
Announcements
-
Updates
3 Mar 2017 - PAYMENT OF YEARLY INTEREST ON SBM BONDS: RECORD DATE - REGULATION 60 OF THE SEBI (LODR) REGULATIONS, 2015
- Outcome of Committee Meeting 3 Mar 2017
-
Updates on Acquisition of State Bank of Mysore (SBM) by SBI
23 Feb 2017 - With reference to the earlier letter dated February 16, 2017 regarding Acquisition of State Bank of Mysore (SBM), by SBI, State Bank of Mysore has …
- Proposed All India Bank Strike by United Forum of Bank Unions (UFBU) on Feb 28, 2017 22 Feb 2017
- Acquisition of State Bank of Mysore (SBM) by State Bank of India (SBI) 16 Feb 2017