The Lakshmi Vilas Bank Ltd.

NSE: LAKSHVILAS  SECTOR: Bank - Private

7.65
+0.35 (4.79%)

Price Summary

Today's High

₹ 7.65

Today's Low

₹ 6.95

52 Week High

₹ 25.18

52 Week Low

₹ 6.95

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

257.586019515 Cr.

CASA %

26.6357990948746

No. of Shares

33.6713751 Cr.

P/E

0

P/B

0.48

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  16.0734

Net Interest Income

427.7226 Cr.

Cost To Income %

101.983936432706

Promoter Holding

6.8%

EPS (TTM)

₹  -22.3008

CAR %

1.12%

ROE

-60.7872112856925 %

ROCE

-45.1907724653163 %

Profit Growth

-37.8868941677461 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

ROE%

1 Year-60.79%
3 Year-45.18%
5 Year-21.88%

ROA%

1 Year-2.91%
3 Year-2.3%
5 Year-1.08%

Net NPA%

1 Year10.04%
3 Year7.73%
5 Year5.23%

 NIM

1 Year2.03%
3 Year1.97%
5 Year2.11%

CAR %

1.12

Cost of Liabilities %

8.0137456036605

PEG Ratio

NA

Advances Growth %

-31.2156790416567

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 6.8 34.91
Dec 2019 6.78 35.02
Sep 2019 6.81 31.36
Jun 2019 7.11 33.88
Mar 2019 7.11 34.55
* Figures given above are % of equity capital

 Strengths

 Looks like the company does not have any notable strengths.

 Limitations

  • Net NPA has increased by 2.55% YoY
  • The bank has a very low ROA track record. Average ROA of 3 years is -2.29636728102336%
  • CASA Growth of 0.954874546616143% YoY, which is very low.
  • Company has a low ROE of -45.1845447184206% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 7.73%.
  • High Cost to income ratio of 101.983936432706%.
  • The company has very low Capital Adequacy Ratio of 1.12%.
  • The company has delivered poor Profit Growth of -248.350515924935% over the past 3 years.
  • The company has delivered poor Income growth of -8.13809588135019% over the past 3 years.
  • Poor Advances growth of -16.47316258733% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Interest Earned 607.33 520.39 455.01 442.5 420.13
Other Income 58 65.38 174.75 96.34 74.45
Interest Expended 497.66 394.48 386.44 351.74 340.61
Operating Expenses 208.04 211.14 173 187.01 159.62
Total Provisions 316.81 314.62 303.47 112.37 391.34
Profit Before Tax -357.18 -334.48 -233.15 -112.28 -397
Tax 0 0 -326.01 0 0
Net Profit -357.18 -334.48 92.86 -112.28 -397
Net NPA % 10.47 9.81 10.04 9.64 7.01
Gross NPA % 21.25 23.27 25.39 25.4 24.45
Return on Assets % -4.12 -4.4 1.27 -1.65 -5.73
NPM % -58.81 -64.27 20.41 -25.37 -94.49

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Interest Earned 2568.3 2846.66 3041.62 2839.89 2206.69
Other Income 304.53 502.77 346.81 250.32 351.34
Interest Expended 1922.99 2064 2251.02 2279.75 1778.96
Operating Expenses 542.71 651.37 782.03 822.43 794.52
Total Provisions 176.89 253.98 1306.15 1276.56 1146.6
Profit Before Tax 230.24 380.07 -950.78 -1288.53 -1162.05
Taxes 50 124 -365.91 -394.43 -326.01
Net Profit 180.24 256.07 -584.87 -894.1 -836.04
Adjusted EPS (Rs.) 9.32 12.41 -22.85 -27.95 -24.83

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 179.46 191.45 255.99 319.9 336.71
Total Reserves 1584.13 1940.39 2065.47 1565.43 889.13
Deposits 25430.96 30553.35 33309.48 29279.44 21443.19
Borrowings 723.01 1773.13 4012.78 921.26 755.7
Other Liabilities 814.6 781.89 779.29 952.89 992.82
Total Liabilities 28732.16 35244.72 40429.23 33046.16 24421.52
Assets
Balance with RBI 1286.5 1454.8 1698.17 1654.07 1047.8
Balance with Banks 82.11 169.07 316.79 515.04 792.32
Investments 6545.4 8651.73 10767.75 8430.17 5383.83
Advances 19643.74 23728.91 25768.2 20103.26 13827.89
Net Block 367 359.12 402.45 469.95 463.42
Other Assets 807.41 881.08 1475.86 1873.67 2906.25
Total Assets 28732.16 35244.72 40429.23 33046.16 24421.52
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Lakshmi Vilas Bank Stock Price Analysis and Quick Research Report. Is Lakshmi Vilas Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Lakshmi Vilas Bank is performing and if it is the right time to buy the stock of Lakshmi Vilas Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Lakshmi Vilas Bank has earned Rs 2206.6855 Cr. revenue in the latest financial year. It has posted Poor revenue growth of -8.13809588135019 % in last 3 Years.

  • In terms of advances, the bank reported -31.2156790416567 % YOY,  fall . If you see 3 years advance growth, it stands at -16.47316258733 %.

  • Currently the company has a CASA ratio of 26.6357990948746 %. It’s overall cost of liability stands at 8.0137456036605 %. Also, the total deposits from these accounts stood at Rs 21443.1941 Cr.

  • The Bank has a Poor ROA track record. The ROA of Lakshmi Vilas Bank is at -2.90961677117071 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 25.39 % and 10.04 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -10.1806807508611 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Lakshmi Vilas Bank decreased and is currently at Rs 3.513447 Cr.

  • The company has a inadequate Capital Adequacy Ratio of 1.12 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Lakshmi Vilas Bank is trading at a P/B of 0.475941617828213 . The historical average PB was 1.07431919758189.

Brief about Lakshmi Vilas Bank

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