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CSB Bank Ltd share Price Today

Company details

311.60
321.40
311.60
422.25
6M Return -14.82%
1Y Return -5.19%
Mkt Cap.(Cr) 5,456.13
Volume 421,556
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 421,556

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CSB Bank announced Q1FY25 results:

  • Profit after Tax is at Rs 113.32 crore in Q1FY25 as against Rs 132.22 crore in Q1FY24. We continue to maintain the accelerated provisioning policy during this quarter as well. Return on Assets and NIM were at 1.27% and 4.36% respectively during Q1FY25.
  • Operating Profit of the bank is at Rs 172.49 crore as against Rs 181.43 crore in Q1FY24.
  • Net Interest Income (NII) earned for the Q1FY25 was Rs 361.97 crore as against Rs 364.01 crore in Q1FY24.
  • Non-Interest Income for Q1FY25 is at Rs 171.83 crore as against Rs 119.90 crore for the same period last year up by 43%. While Treasury income grew by 29%, other incomes excluding treasury income increased by Rs 47.60 crore or by 45% on a YoY basis.
  • Cost Income Ratio is at 67.69% as at the end of Q1FY25; where as it was 62.51% at the end of Q1FY24. The increase is mainly on account of significant investments made on people, distribution, systems & processes in the build phase aimed at creating a strong foundation for the scale that we aspire to achieve for as part of SBS 2030
  • Asset Quality & Provisioning GNPA and NNPA ratios increased by 42 bps and 36 bps respectively compared to Q1 FY24. 
  • Robust Capital Structure - Capital Adequacy Ratio is at 23.61%, which is well above the regulatory requirement. CRAR as on 30.06.23 was 25.99%
  • Total Deposits grew by 22% YoY from Rs 24,475.52 crore as on 30.06.23 to 29,919.85 crore as on 30.06.24. The CASA ratio stood at 24.90 % as on 30.06.2024
  • Advances (Net) grew by 18% YoY to Rs 24,844.01 crore as on 30.06.2024 supported by a robust growth of 24% in gold loans on YOY basis. Gold loan portfolio crossed the Rs 12,000 crore mark

Speaking about the performance Pralay Mondal, Managing Director & CEO said, “In the quarter gone by, we were able to deliver a growth of 22% and 18% in our deposits and net advances respectively on a YoY basis. Our total income recorded a growth of 25% with substantial contribution from the other income growth of 43% over Q1FY24. All the regulatory ratios like CRAR, LCR etc are stable and robust. Despite increased cost of funds and additional expenditure towards the build phase, we could register an operating and net profit of Rs 172 crore and Rs 113 crore respectively.

We are committed towards achieving what we have envisioned in our SBS 2030 journey and have made significant strides here. On the distribution front we have already opened 15 branches in Q1 and will continue with our expansion plans. On the technology front, project implementations are being tracked closely towards successful & timely execution. Our SBS vision is driving our strategic goals, thus ensuring sustained growth and value creation for all stakeholders”

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
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (5)

  • Promoter holding decreased by more than -2% QoQ
  • Negative profit growth, promoters decreasing shareholding QoQ
  • New 52 week low today

Opportunity (3)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • Decrease in Provision in recent results
  • Stock with Low PE (PE < = 10)

Threats (3)

  • Promoter decreasing their shareholding
  • Increase in NPA in Recent Results
  • RSI indicating price weakness

Resistance and support

R1 320.1
R2 325.6
R3 329.9
Pivot

315.83

S1 310.3
S2 306.0
S3 300.5
EMA SMA
325.2
335.6
345.0
346.4
323.3
343.1
350.0
364.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
AMANSA HOLDINGS PRIVATE LIMITED Bulk Purchase 2024-06-27 352.75 8277500 NSE
INDIA ACORN ICAV - ASHOKA INDIA OPPORTUNITIES FUND Bulk Purchase 2024-06-27 352.75 1606000 NSE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2024-06-27 352.75 1200000 NSE
Name Category Shares
FIH Mauritius Investments Ltd PROMOTER 40%

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 314.50 1,636.95 1,208.15 782.50 1,158.75
% Change -1.29 -0.52 -2.25 -4.43 -1.85
Mcap Cr 5,456.13 1,245,411.53 850,077.05 698,350.89 358,082.26
Revenue TTM Cr 2,319.65 283,649.02 159,515.93 439,188.51 112,759.05
Net Profit TTM Cr 547.36 65,446.50 45,006.74 68,138.26 26,423.54
PE TTM 9.97 18.31 18.79 9.55 13.41
1 Year Return -5.19 3.94 24.76 36.56 18.07
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 16.97 17.55 19.38 18.97 18.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,203.63 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,795.20 31,732.91
LAST 3M 82,219.63 37,844.71
LAST 6M 195,814.55 51,713.96
LAST 12M 324,182.79 93,986.84
CSB Bank Limited - Loss of Share Certificates

Sep 06, 2024 l NSE Announcement

CSB Bank Limited - Loss of Share Certificates

Sep 05, 2024 l NSE Announcement

CSB Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 04, 2024 l NSE Announcement

Date Action Type Ratio
No data found

CSB Bank Ltd Information

Stock PE (TTM)
9.97
Promoter Holding
40%
Book Value
209.1098
ROE
16.97%
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 Sep 06, 2024 04:03 PM the closing price of CSB Bank Ltd was Rs.314.50.

The latest PE ratio of CSB Bank Ltd as of Sep 06, 2024 04:03 PM is 9.97

The latest PB ratio of CSB Bank Ltd as of Sep 06, 2024 04:03 PM is 0.66

The 52-week high of CSB Bank Ltd share price is Rs. 422.25 while the 52-week low is Rs. 311.60

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

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 Sep 06, 2024 04:03 PM, the market cap of CSB Bank Ltd stood at Rs. 5,456.13 Cr.

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