The Jammu & Kashmir Bank Ltd.

NSE: J&KBANK BSE: 532209 SECTOR: Bank - Private

39.1
-0.7 (-1.76%)
NSE: Today, 03:58 PM

Price Summary

Today's High

₹ 40.55

Today's Low

₹ 38.6

52 Week High

₹ 44.3

52 Week Low

₹ 14.05

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

2789.59 Cr.

CASA %

53.66

No. of Shares

71.35 Cr.

P/E

6.46

P/B

2.67

Face Value

₹ 1

Div. Yield

0%

Book Value (TTM)

₹  14.63

Net Interest Income

3706.67 Cr.

Cost To Income %

64.14

Promoter Holding

68.18%

EPS (TTM)

₹  6.06

CAR %

11.4%

ROE

-19.96 %

ROCE

-9.71 %

Profit Growth

-345.1 %

* 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 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* 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.

 Group Companies

Ratios

ROE%

1 Year-19.96%
3 Year-2.7%
5 Year-5.98%

ROA%

1 Year-1.08%
3 Year-0.12%
5 Year-0.37%

Net NPA%

1 Year3.48%
3 Year4.42%
5 Year4.53%

 NIM

1 Year3.81%
3 Year3.59%
5 Year3.55%

CAR %

11.4

Cost of Liabilities %

4.74874801378265

PEG Ratio

NA

Advances Growth %

-2.82540503319049

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 68.18 0
Mar 2021 68.18 0
Dec 2020 68.18 0
Sep 2020 68.18 0
Jun 2020 68.18 0
* Figures given above are % of equity capital

 Strengths

  • The company has been consistently maintaining a NIM of 3.59296854119243% since last 3 years.
  • CASA stands at 53.6560754757079% of total deposits.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is -0.12034899322041%
  • Company has a low ROE of -2.69512764814456% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 4.42333333333333%.
  • Low other Income proportion of 6.46343863516201%.
  • High Cost to income ratio of 64.1384377603635%.
  • Increase in Provision and contingencies of 148.079983707653% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Interest Earned 2156.09 2038.32 2044.84 2076.37 1951.56
Other Income 120.91 119.62 149.63 271.65 178.09
Interest Expended 1168.85 1133.97 1100.96 1071.24 1034.14
Operating Expenses 726.01 693.75 590.32 713.31 781.16
Total Provisions 620.49 266.37 324.92 457.61 28.26
Profit Before Tax -238.35 63.85 78.27 105.86 286.09
Tax 55.75 57.35 34.34 39.92 -29.66
Net Profit -294.1 6.5 43.93 65.94 315.75
Net NPA % 3.48 3.05 3.03 2.5 2.95
Gross NPA % 10.97 10.73 8.87 8.71 9.67
Return on Assets % -1.11 0.02 0.16 0.23 1.08
NPM % -13.64 0.32 2.15 3.18 16.18

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Interest Earned 6843.57 6685.8 6621.4 7675.56 8446.29
Other Income 504.03 492.86 495.31 812.63 545.92
Interest Expended 4133.48 4173.86 3750.61 4291.63 4739.62
Operating Expenses 1546.2 1710.46 1984.23 2478.66 2727.54
Total Provisions 976.23 2800.3 1260.92 1058.17 2625.1
Profit Before Tax 691.68 -1505.97 120.96 659.73 -1100.05
Taxes 275.65 126.32 -81.76 194.85 39.36
Net Profit 416.03 -1632.29 202.72 464.88 -1139.41
Adjusted EPS (Rs.) 8.58 -31.31 3.64 8.35 -15.97

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 48.49 52.15 55.7 55.7 71.36
Total Reserves 6375.48 5624.35 6105.51 6570.4 6322.12
Deposits 69390.25 72463.09 80006.5 89638.9 97788.23
Borrowings 2240 1276.05 1628.34 2623.96 2019.58
Other Liabilities 2213.84 2603.04 1891.57 2517.34 2670.81
Total Liabilities 80268.07 82018.67 89687.62 101406.29 108872.1
Assets
Balance with RBI 3126.74 3590.97 4328.36 4874.97 2947.48
Balance with Banks 76.27 1794.96 3924.52 986.91 6835.35
Investments 20353.62 21290.89 18880.03 23160.5 23052.24
Advances 50193.29 49816.11 56912.74 66271.51 64399.07
Net Block 705.12 1478.97 1598.04 1645.73 2035.7
Other Assets 5754.44 3982.42 4027.37 4437.71 9567.44
Total Assets 80268.07 82018.67 89687.62 101406.29 108872.1
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 68.18 68.18 68.18 68.18 68.18
chief secretary jammu and... 0 0 64.34 64.34 64.34
secretary finance deptt j... 0 0 3.84 0 0
chief secretary governmen... 0 0 0 0 0
secretary finance governm... 0 0 0 0 0
chief secretary jammu and... 64.34 64.34 0 0 0
secretary finance deptt. ... 3.84 3.84 0 0 0
secretary finance departm... 0 0 0 3.84 0
secretary finance deptt j... 0 0 0 0 3.84
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 19.88 24.65 25.85 28.04 29.81
iepf 0.1 0.11 0.11 0.11 0
qualified institutional b... 0 2.15 2.15 0 0
life insurance corporatio... 0 0 0 2.15 0
qualified instutional buy... 0 0 0 2.15 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 11.94 7.17 5.97 3.78 2.01
east bridge capital maste... 0 0 0 1.44 0
iepf 0 0 0 0 0.11
qualified institutional b... 0 0 0 0 2.15

Company Presentations

J&K Bank Stock Price Analysis and Quick Research Report. Is J&K 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 J&K Bank is performing and if it is the right time to buy the stock of J&K Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. J&K Bank has earned Rs 8446.2889 Cr. revenue in the latest financial year. It has posted decent revenue growth of 8.1028576205876 % in last 3 Years.

  • In terms of advances, the bank reported -2.82540503319049 % YOY,  fall . If you see 3 years advance growth, it stands at 8.935621789947 %.

  • Currently the company has a CASA ratio of 53.6560754757079 %. It’s overall cost of liability stands at 4.74874801378265 %. Also, the total deposits from these accounts stood at Rs 97788.2315 Cr.

  • The Bank has a Poor ROA track record. The ROA of J&K Bank is at -1.08371785799737 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 9.11 % and 3.48 % 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 positive at 148.079983707653 % which means it has increased 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 J&K Bank decreased and is currently at Rs 545.9207 Cr.

  • The company has a inadequate Capital Adequacy Ratio of 11.4 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently J&K Bank is trading at a P/B of 2.6755 . The historical average PB was 0.50033323369605.

Brief about J&K Bank

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