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CSB Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹316.22Overvalued by 12.16%vs CMP ₹360.00

P/E (10.0) × ROE (14.3%) × BV (₹271.00) × DY (2.00%)

₹344.19Fairly Valued by 4.39%vs CMP ₹360.00
MoS: -4.6% (Negative)Confidence: 37/100 (Low)Models: 2 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹336.1225%Fair (-6.6%)
Graham NumberEarnings₹467.6118%Under (+29.9%)
Earnings PowerEarnings₹272.8915%Over (-24.2%)
DCFCash Flow₹512.4415%Under (+42.3%)
Net Asset ValueAssets₹270.958%Over (-24.7%)
EV/EBITDAEnterprise₹43.8010%Over (-87.8%)
Earnings YieldEarnings₹358.608%Fair (-0.4%)
Consensus (7 models)₹344.19100%Fairly Valued
Key Drivers: Wide model spread (₹44–₹512) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.3%

*Investments are subject to market risks

Analyst Summary

CSB Bank Ltd operates in the Finance - Banks - Private Sector segment, NSE: CSBBANK | BSE: 542867, current market price is ₹360.00, market cap is 6,246 Cr.. At a glance, stock P/E is 10.0, ROE is 14.3 %, ROCE is 7.11 %, book value is 271, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹344.19, which is broadly in line with the current market price. On operating trend, latest reported sales are about ₹3,597 Cr versus the prior period change of 22.8%, while latest net profit is about ₹594 Cr with a prior-period change of 4.8%. The 52-week range shown on this page is 575/270, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisCSB Bank Ltd. is a Public Limited Listed company incorporated on 26/11/1920 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L65191KL1920P…

This summary is generated from the stock page data available for CSB Bank Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

60
CSB Bank Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 7.1% WeakROE 14.3% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.09% (6mo) AccumulatingDII holding down 1.25% MF sellingPromoter holding at 40.0% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +12% YoY Positive
Industry Rank75/100 · Strong
P/E 10.0 vs industry 15.0 Cheaper than peersROCE 7.1% vs industry 6.8% AverageROE 14.3% vs industry 11.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:47 am

Market Cap 6,246 Cr.
Current Price 360
Intrinsic Value₹344.19
High / Low 575/270
Stock P/E10.0
Book Value 271
Dividend Yield0.00 %
ROCE7.11 %
ROE14.3 %
Face Value 10.0
PEG Ratio1.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CSB Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
CSB Bank Ltd 6,246 Cr. 360 575/27010.0 2710.00 %7.11 %14.3 % 10.0
Equitas Small Finance Bank Ltd 6,103 Cr. 53.5 73.4/50.0 51.40.00 %6.85 %2.43 % 10.0
DCB Bank Ltd 5,371 Cr. 167 204/1027.64 1860.81 %7.67 %11.4 % 10.0
Karnataka Bank Ltd 8,705 Cr. 230 239/1637.54 3332.17 %6.33 %11.1 % 10.0
South Indian Bank Ltd 9,517 Cr. 36.4 46.8/22.16.85 42.11.10 %6.50 %13.8 % 1.00
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of CSB Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue5926366836877627958328659199811,0411,1091,154
Interest 242288319344379409470497544610662686701
Expenses 231263307308308376381380391496465557524
Financing Profit1188557357510-19-13-15-125-85-134-71
Financing Margin %20%13%8%5%10%1%-2%-2%-2%-13%-8%-12%-6%
Other Income 90126120143125197172199219381245349276
Depreciation 0000000000000
Profit before tax 208211177178200206152186204257160216205
Tax % 25%26%25%25%25%27%26%26%26%26%26%26%26%
Net Profit 156156132133150151113138152190119160153
EPS in Rs 8.999.017.627.688.648.736.537.988.7410.986.849.248.80
Gross NPA %1.45%1.26%1.27%1.27%1.22%1.47%1.69%1.68%1.58%1.57%1.84%1.81%1.96%
Net NPA %0.42%0.35%0.32%0.33%0.31%0.51%0.68%0.69%0.64%0.52%0.66%0.52%0.67%

Last Updated: February 6, 2026, 6:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 8:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1,5041,5451,4831,3361,2971,3481,5101,8722,0382,3202,9283,5974,285
Interest 1,1251,1891,1591,0239129089189318859861,4512,1212,658
Expenses 4425556435896448596569117488731,2441,5722,042
Financing Profit-63-199-319-275-259-419-6430405461233-96-415
Financing Margin %-4%-13%-22%-21%-20%-31%-4%2%20%20%8%-3%-10%
Other Income 1171271052811251362223032473165849721,252
Depreciation 711141516172441384356760
Profit before tax 47-82-228-9-149-300134293614734761800837
Tax % 34%-35%-34%-117%-35%-34%90%25%25%25%26%26%
Net Profit 31-53-1502-97-19713218458547567594622
EPS in Rs 7.40-8.81-20.880.19-12.04-22.980.7312.5926.4331.5532.6734.2335.86
Dividend Payout % 14%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-270.97%-183.02%101.33%-4950.00%-103.09%106.60%1576.92%110.09%19.43%3.66%4.76%
Change in YoY Net Profit Growth (%)0.00%87.95%284.35%-5051.33%4846.91%209.69%1470.32%-1466.83%-90.66%-15.78%1.11%

CSB Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:19%
3 Years:21%
TTM:24%
Compounded Profit Growth
10 Years:30%
5 Years:114%
3 Years:9%
TTM:9%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:18%
1 Year:13%
Return on Equity
10 Years:9%
5 Years:16%
3 Years:16%
Last Year:14%

Last Updated: September 5, 2025, 2:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 426072818186174174174174174174174
Reserves 5788288219188081,3461,7872,0072,4783,0303,6304,3244,527
Deposits13,67414,47414,43814,91214,69115,12415,79119,14020,18824,50629,71936,86139,651
Borrowing5564542424207941,4262,0077831,7575,5464,326
Other Liabilities 3163512792712493563195915096707769311,342
Total Liabilities 15,16515,76015,65216,22315,87016,91118,86423,33725,35629,16236,05647,83650,020
Fixed Assets 48175215215216218253269288319406450671
CWIP 000000000001790
Investments 5,1324,4275,9875,7624,1144,0285,3606,1267,0125,8497,55111,38910,799
Other Assets 9,98511,1589,45010,24611,54012,66613,25116,94218,05722,99428,09935,81838,550
Total Assets 15,16515,76015,65216,22315,87016,91118,86423,33725,35629,16236,05647,83650,020

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -356-16639527-893-1,1091,374-8522,2111,783-5,256
Cash from Investing Activity + -16-13-17-18-22-235-1,231131-724-1,4391,904
Cash from Financing Activity + 97106106-56741,310632581-1,2249743,789
Net Cash Flow -276-724854-242-34775-1402631,318437
Free Cash Flow -372-1783789-915-1,1531,318-9082,1371,667-5,555
CFO/OP -36%-19%53%4%-181%-127%142%-58%165%119%-249%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow429.00541.00629.00575.00630.00844.00641.00892.00728.00849.00-28.00-35.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 5%-7%-17%0%-10%-17%1%11%19%19%16%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.72%49.72%49.72%49.72%49.72%40.00%40.00%40.00%40.00%40.00%40.00%40.00%
FIIs 5.73%5.89%4.65%4.62%4.93%12.42%12.71%12.80%13.07%15.37%14.23%14.16%
DIIs 11.61%12.19%14.35%16.07%15.94%18.71%17.59%17.06%16.89%14.63%16.10%15.64%
Public 30.07%29.32%28.43%26.74%26.80%26.34%27.18%27.63%27.65%27.62%27.29%27.86%
Others 2.88%2.88%2.88%2.86%2.62%2.54%2.53%2.52%2.40%2.39%2.39%2.35%
No. of Shareholders 56,75257,08755,52962,95863,49767,00476,57978,65478,23665,04464,75463,067

Shareholding Pattern Chart

No. of Shareholders

CSB Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund 11,000,000 1.4 481.8611,000,0002025-04-22 14:12:250%
ICICI Prudential Multicap Fund 1,702,396 0.47 74.571,688,8092026-02-23 05:01:230.8%
ICICI Prudential Banking and Financial Services 1,530,384 0.61 67.041,535,3442026-02-23 05:01:23-0.32%
DSP Small Cap Fund 1,506,430 0.41 65.99N/AN/AN/A
Sundaram Financial Services Opportunities Fund 1,199,385 3.14 52.541,606,2262026-02-23 05:01:23-25.33%
Sundaram Small Cap Fund 1,197,993 1.6 52.481,535,7162026-02-23 05:01:23-21.99%
Sundaram Services Fund 1,100,059 1.03 48.191,508,4952026-02-23 05:01:23-27.08%
DSP Banking & Financial Services Fund 339,510 0.89 14.87N/AN/AN/A
LIC MF Flexi Cap Fund 230,555 1 10.1382,9802026-02-23 05:01:23-39.8%
WhiteOak Capital Multi Cap Fund 178,797 0.26 7.83N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 34.2332.6731.5526.4312.59
Diluted EPS (Rs.) 34.2332.6731.5526.4312.59
Cash EPS (Rs.) 38.6235.8634.0328.6114.93
Book Value[Excl.RevalReserv]/Share (Rs.) 259.18209.05175.85143.96116.73
Book Value[Incl.RevalReserv]/Share (Rs.) 259.18219.18184.61152.78125.63
Operating Revenue / Share (Rs.)207.28168.70133.67117.46107.89
Net Profit / Share (Rs.) 34.2232.6631.5426.4212.59
Interest Income / Employee (Rs.)4723141.283723187.463390810.414371244.484479173.44
Net Profit / Employee (Rs.)779671.35720872.19800118.99983259.70522488.52
Business / Employee (Rs.)89769612.1368745236.3066008561.9177209900.0680330538.28
Interest Income / Branch (Rs.)43391367.9137580774.0732996492.1833802840.8036568251.95
Net Profit / Branches (Rs.)7162819.067276274.717786079.667603548.924265628.91
Business / Branches (Rs.)824710936.07693894471.12642339362.73597064285.24655823535.16
Net Profit Margin (%) 16.5019.3623.5922.4911.66
Operating Profit Margin (%)24.2527.5033.1732.7416.27
Return On Assets (%) 1.241.571.871.800.93
Return On Equity / Networth (%)13.2015.6217.9318.3510.78
Net Interest Margin (X)3.084.094.574.544.03
Cost To Income (%)62.8262.1557.1256.1654.31
Interest Income / Total Assets (%)7.518.117.958.038.02
Non-Interest Income / Total Assets (%)2.031.621.080.971.71
Operating Profit / Total Assets (%)-0.79-0.040.790.83-0.78
Operating Expenses / Total Assets (%)3.213.553.233.103.12
Interest Expenses / Total Assets (%)4.434.023.383.493.98
Enterprise Value (Rs.Cr.)44465.6834530.6528085.3124919.3123868.06
EV Per Net Sales (X)12.3611.8012.1112.2312.75
Price To Book Value (X)1.171.691.401.471.99
Price To Sales (X)1.462.101.841.802.16
Retention Ratios (%) 100.00100.00100.00100.00100.00
Earnings Yield (X)0.110.090.120.120.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

CSB Bank Ltd. is a Public Limited Listed company incorporated on 26/11/1920 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L65191KL1920PLC000175 and registration number is 000175. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company's Total Operating Revenue is Rs. 3597.14 Cr. and Equity Capital is Rs. 173.54 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector'CSB Bhavan', Post Box No.502, Thrissur Kerala 680020Contact not found
Management
NamePosition Held
Mr. Biswamohan MahapatraChairperson (NonExe.&Ind.Director)
Mr. Pralay MondalManaging Director & CEO
Mr. B K DivakaraExecutive Director
Mr. Madhavan MenonNon Executive Director
Mr. Sumit MaheshwariNon Executive Director
Ms. Sharmila Abhay KarveIndependent Director
Mr. Sudhin ChokseyIndependent Director
Mr. Sharad Kumar SaxenaIndependent Director
Ms. Renu KohliIndependent Director
Mr. Deepak MaheshwariIndependent Director
Mr. D N Narasimha RajuIndependent Director

FAQ

What is the intrinsic value of CSB Bank Ltd and is it undervalued?

As of 23 April 2026, CSB Bank Ltd's intrinsic value is ₹344.19, which is 4.39% lower than the current market price of ₹360.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.3 %), book value (₹271), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of CSB Bank Ltd?

CSB Bank Ltd is trading at ₹360.00 as of 23 April 2026, with a FY2026-2027 high of ₹575 and low of ₹270. The stock is currently in the middle of its 52-week range. Market cap stands at ₹6,246 Cr..

How does CSB Bank Ltd's P/E ratio compare to its industry?

CSB Bank Ltd has a P/E ratio of 10.0, which is below the industry average of 15.04. This is broadly in line with or below the industry average.

Is CSB Bank Ltd financially healthy?

Key indicators for CSB Bank Ltd: ROCE of 7.11 % is on the lower side compared to the industry average of 6.84%. Dividend yield is 0.00 %.

Is CSB Bank Ltd profitable and how is the profit trend?

CSB Bank Ltd reported a net profit of ₹594 Cr in Mar 2025 on revenue of ₹3,597 Cr. Compared to ₹458 Cr in Mar 2022, the net profit shows an improving trend.

Does CSB Bank Ltd pay dividends?

CSB Bank Ltd has a dividend yield of 0.00 % at the current price of ₹360.00. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 2:47 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542867 | NSE: CSBBANK
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CSB Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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