State Bank of Mysore(Merged)

State Bank of Mysore(Merged)

₹ 606 1.17%
15 Mar 2017
About

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 1,092
  • Dividend Yield 0.00 %
  • ROCE 7.01 %
  • ROE 7.05 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.55 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

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Quarterly Results

Figures in Rs. Crores

Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016
1,606 1,642 1,715 1,719 1,715 1,792 1,798 1,806 1,748 1,776 1,764 1,675 1,749
455 596 562 548 505 595 552 504 684 700 1,479 946 821
Operating Profit 1,151 1,047 1,153 1,171 1,210 1,197 1,246 1,302 1,064 1,076 285 729 929
OPM % 72% 64% 67% 68% 71% 67% 69% 72% 61% 61% 16% 44% 53%
124 182 153 182 173 260 154 164 192 300 223 273 230
Interest 1,144 1,125 1,187 1,205 1,222 1,239 1,262 1,280 1,242 1,229 1,222 1,225 1,199
Depreciation 18 20 14 16 19 0 0 0 0 0 0 0 0
Profit before tax 114 83 105 131 142 218 138 186 14 147 -714 -223 -41
Tax % 25% -28% 29% 22% 33% 38% 32% 29% -89% 29% 34% 18% 51%
85 107 75 102 96 136 94 132 27 105 -472 -184 -20
EPS in Rs 17.74 22.25 15.58 21.23 20.03 28.33 19.60 27.50 5.61 21.85 -98.31 -38.24 -4.22
Raw PDF

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: 1%
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
Equity Capital 36 36 36 36 36 47 47 47 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
16,951 23,012 29,194 36,743 41,154 46,533 54,612 60,823 67,034 71,752 74,863
1,451 2,689 2,498 1,472 1,590 1,816 1,803 2,077 2,393 2,784 2,870
Total Liabilities 19,337 26,843 33,070 40,486 45,409 52,032 60,404 67,233 73,976 79,469 82,975
163 133 123 731 733 725 742 818 850 922 954
CWIP 0 0 0 0 0 0 8 6 10 15 17
Investments 5,694 6,990 8,403 11,378 11,494 12,927 14,733 16,775 19,190 18,066 20,124
13,481 19,720 24,544 28,376 33,182 38,380 44,921 49,634 53,926 60,466 61,880
Total Assets 19,337 26,843 33,070 40,486 45,409 52,032 60,404 67,233 73,976 79,469 82,975

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%

Shareholding Pattern

Numbers in percentages

Jun 2016Sep 2016Dec 2016
90.00% 90.00% 90.00%
0.00% 0.03% 0.05%
2.69% 2.51% 2.51%
7.31% 7.46% 7.44%
No. of Shareholders 27,66228,43327,339

* 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.

Click on the line-items to see the names of individual entities.

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