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CSB Bank Ltd share Price Today

Company details

324.25
338.75
263.10
422.25
6M Return -13.06%
1Y Return 14.44%
Mkt Cap.(Cr) 5,686.00
Volume 614,933
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 614,933

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CSB Bank announced Q4FY24 & FY24 results:

Financial Highlights:

  • Profit After-tax: Bank recorded a Net profit of Rs 567 crore for FY24 as against a Net profit of Rs 547 crore in FY23. Net profit improved by 4% on a YoY basis. RoA of the Bank is at 1.79% for FY24.
  • Strong Operating Performance: Operating profit of bank for FY24 was Rs 780 crore registering YoY growth of 10% as against Rs 707 crore during FY23. Q4FY24 operating profit grew YoY by 13% and stood at Rs 228 crore as against Rs 202 crore in Q4FY23.
  • Net Interest Income (NII): Bank recorded a stable NII growth of 11% both on a YoY and quarterly basis. NII for FY24 & Q4FY24 stood at Rs 1,476 crore (Rs 1,334 crore for FY23) and Rs 386 crore (Rs 349 crore for Q4FY23) respectively.
  • Non-Interest Income for FY24 saw an impressive growth of 85% over FY23 mainly due to increased Fee Income, Forex income, Treasury Profits etc. On a quarterly basis ie, Q4FY24 vs Q4FY23, non- interest income has registered a growth of 56%
  • Cost Income Ratio for Q4FY24 stood at 60.86% as against 57.45% for Q4FY23 and the corresponding ratio for FY 2024 was at 62.15% as against 57.12% for FY23. 
  • Gross NPA and Net NPA ratios are at 1.47% and 0.51% respectively as at Q4FY24
  • Robust Capital Structure - Capital Adequacy Ratio is at a healthy level of 24.47%, and is well above the regulatory requirement.
  • Comfortable Liquidity Position - Liquidity Coverage Ratio is comfortable at 117% (average basis)
  • Total Deposits grew by 21 % YoY. CASA book is at Rs 8,085 crore with a share of 27.20%
  • Advances (Net) grew by 18% YoY to Rs 24,336 crore as on 31.03.2024 with a CD ratio of 82%

Speaking about the performance, Pralay Mondal, Managing Director & CEO said, “This is the second year of our SBS 2030 vision. In a journey like this what is more important is relentlessly pursuing the vision set in enjoying the ups and surfing through the challenges as a team. Despite the challenges posed by the economic conditions, regulatory changes, liquidity constraints, increased competition etc., we got our priorities right and could post reasonably good numbers.

We could register a net profit of Rs 567 crore; backed by a 20% growth in Business; 18% net loan book growth and 21% deposit growth. We continued to grow faster than the average industry growth trends in both deposits and advances. Our operating profit recorded a growth of 11% supported by growth in NII and other income. Key indicators like NIM, CRAR, RoA, NPA ratios etc. continue to be strong. We continued our efforts in building the distribution by opening another 76 branches.

The most critical milestone that we look forward to in FY 25 is the roll out of phase I of CBS migration and the right execution will act as a catalyst in our progressive journey. We will be strengthening the SME & Corporate segments and strive for a better market share without losing our focus on retail including gold. Business mix will tilt towards the anticipated SME & WSB segment and for the betterment of the Bank."

Result PDF

View Other Company Results

CSB Bank Ltd shares SWOT Analysis

Strengths (7)

  • Company with Low Debt
  • Increasing Revenue every Quarter for the past 4 Quarters
  • Increasing profits every quarter for the past 3 quarters

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Low Piotroski Score : Companies with weak financials

Opportunity (2)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • Decrease in Provision in recent results

Threats (3)

  • Increasing Trend in Non-Core Income
  • Increase in NPA in Recent Results
  • RSI indicating price weakness

Resistance and support

R1 336.3
R2 344.8
R3 350.8
Pivot

330.25

S1 321.8
S2 315.8
S3 307.3
EMA SMA
351.5
362.7
365.0
352.1
352.9
365.4
372.4
360.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
OMERS ADMINISTRATION CORPORATION Bulk Sell 2023-07-13 295.02 2089800 NSE
OMERS ADMINISTRATION CORPORATION Bulk Sell 2023-07-13 295 1500000 BSE
MAYBANK SECURITIES PTE LTD Bulk Purchase 2022-10-25 232.3 2639673 NSE
Name Category Shares
FIH Mauritius Investments Ltd PROMOTER 49.72%

OUR RESEARCH VIEW

Investment recommendation
Continued traction in gold business to aid performance....
Call Date
15 Apr 2024
Entry Price 387.00
Target Price 470.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

CSB Bank Ltd Stocks COMPARISON

Financials( in Cr) CSB Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 327.75 1,517.20 1,131.95 828.60 1,174.00
% Change -1.44 1.65 -0.22 -0.42 0.75
Mcap Cr 5,686.00 1,152,603.34 794,893.32 739,493.35 362,363.32
Revenue TTM Cr 2,319.65 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 547.36 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 10.03 17.98 17.97 10.22 13.74
1 Year Return 14.44 -7.33 18.73 42.47 28.15
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 19.04 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,203.63 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
CSB Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 24, 2024 l NSE Announcement

CSB Bank receives affirmation in credit rating

May 23, 2024 l BSE Announcement

CSB Bank Limited - Other General Purpose

May 23, 2024 l NSE Announcement

Date Action Type Ratio
No data found

CSB Bank Ltd Information

Stock PE (TTM)
10.03
Promoter Holding
49.72%
Book Value
210.4826
ROE
19.04%
Description
  • CSB Bank Limited is an Indian private-sector bank. It operates in four segments—treasury, wholesale banking, retail banking, and other banking operations. The products or services offered by CSB Bank Limited include savings accounts, current accounts, fixed deposits, gold loans, home loans, and car loans, among others. The bank was established in 1920 as The Catholic Syrian Bank Limited, and its market capitalisation, as of 20 October 2022, is Rs 4,227 crore. The headquarter of the company is in Thrissur, Kerela.

    The company floated its IPO in 2019 to raise Rs 409.67 crore for expanding its operations. Subsequently, it got listed on the National Stock Exchange (NSE) under the code CSBBANK as well as the Bombay Stock Exchange (BSE) under the code 542867.

    As of 20 October 2022, the bank has more than 1.5 million active customers and more than 3,204 employees with 609 branches and 468 ATMs across 18 states and two union territories. The bank has tie-ups with Edelweiss Tokio and ICICI Lombard to provide insurance solutions to its customers. For the quarter that ended June 2022, the company reported a consolidated income of Rs 535.93 crore with a net profit of Rs 114.52 crore.

    In September 2022, the shareholding pattern of the company indicated that a 49.72% stake in the company was owned by promoters, a 36.75% stake was held by retail investors, a 6.94% stake was invested in mutual funds, a 5.16% stake was owned by foreign institutional investors or FIIs, and the remaining 1.43% stake was owned by domestic institutions. The company’s management team includes Mr Bhama Krishnamurthy (independent director), Mr Sumit Maheshwari (non-executive and non-independent director), Mr Sijo Varghese (company secretary and compliance officer), Mrs Sharmilla Abhay Karve (independent director), and Mr Sudhin Choksey (independent director), among others.

    On 20 October 2022, CSB Bank Limited’s share price was Rs 250.05 at the NSE and Rs 250.25 at the BSE after the market closing. The 52-week high price and 52-week low price for CSB Bank Limited shares were Rs 336.85 and Rs 178.00, respectively. The top peers of the company include the State Bank of India, Kotak Mahindra Bank, ICICI Bank, Canara Bank, and HDFC Bank.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

P B No 502 CSB Bhavan, St Marys College Road, Thrissur, Kerala, 680020

Tel : 91-487-2333020/2338764
Email : investors:csb.co.in
Website : http://www.csb.co.in
Registrar

SKDC Consultants Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542867
NSE Code : CSBBANK
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE679A01013

FAQ’s on CSB Bank Ltd Shares

You can buy CSB Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy CSB Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:53 PM the closing price of CSB Bank Ltd was Rs.327.75.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:53 PM, the market cap of CSB Bank Ltd stood at Rs. 5,686.00.

The latest PE ratio of CSB Bank Ltd as of May 24, 2024 03:53 PM is 10.03

The latest PB ratio of CSB Bank Ltd as of May 24, 2024 03:53 PM is 0.64

The 52-week high of CSB Bank Ltd share price is Rs. 422.25 while the 52-week low is Rs. 263.10

According to analyst recommendations, CSB Bank Ltd Share has a "Buy" rating for the long term.

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