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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jammu & Kashmir Bank Ltd

About the Company - Jammu & Kashmir Bank Ltd

Jammu & Kashmir Bank Ltd. is a Public Limited Listed company incorporated on 01/10/1938 and has its registered office in the State of Jammu & Kashmir, India. Company’s Corporate Identification Number(CIN) is L65110JK1938SGC000048 and registration number is 000048. 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. 8013.48 Cr. and Equity Capital is Rs. 93.30 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorCorporate Headquarters, Maulana Azad Road, Srinagar Jammu & Kashmir 190001sharedeptt_gc@jkbmail.com
http://www.jkbank.com
Management
NamePosition Held
Mr. Baldev PrakashManaging Director & CEO
Dr. Pawan KotwalNon Executive Director
Mr. Sudhir GuptaNon Ind.& Exe.Director
Mr. R K ChhibberNon Exe.Non Ind.Director
Mr. Naba Kishore SahooInd. Non-Executive Director
Dr. Rajeev Lochan BishnoiInd. Non-Executive Director
Mr. Anil Kumar GoelInd. Non-Executive Director
Mr. Umesh Chandra PandeyInd. Non-Executive Director
Ms. Shahla AyoubInd. Non-Executive Director
Mr. Anand KumarInd. Non-Executive Director

Jammu & Kashmir Bank Ltd. Share Price Update

Share PriceValue
Today₹143.95
Previous Day₹147.70

Basic Stock Data of Jammu & Kashmir Bank Ltd

Market Cap 15,411 Cr.
Current Price 140
High / Low152/44.6
Stock P/E9.62
Book Value 95.9
Dividend Yield0.34 %
ROCE4.92 %
ROE13.1 %
Face Value 1.00

Data Source: screener.in

Competitors of Jammu & Kashmir Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bandhan Bank Ltd 32,871 Cr. 204272/18211.0 1220.73 %6.67 %11.9 % 10.0
Equitas Small Finance Bank Ltd 11,673 Cr. 103116/61.215.0 46.40.97 %8.04 %12.2 % 10.0
AU Small Finance Bank Ltd 39,284 Cr. 587813/54824.7 1650.17 %7.39 %15.4 % 10.0
South Indian Bank Ltd 7,220 Cr. 34.540.2/13.86.47 31.90.87 %5.23 %12.4 % 1.00
Karnataka Bank Ltd 8,421 Cr. 243287/1246.13 2632.05 %5.86 %15.4 % 10.0
Industry Average19.4 Cr234.312.66125.660.96%6.64%13.46%8.2

Jammu & Kashmir Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue2,0761,9521,9901,9902,0202,0122,1032,2992,4412,5122,6572,7642,881
Interest1,0711,0341,0211,0171,0261,0371,0691,0951,1831,2621,3741,4301,600
Expenses1,1727891,0091,0348588001,0039459847931,062982906
Financing Profit-167128-40-6013517631259274457221352375
Financing Margin %-8%7%-2%-3%7%9%1%11%11%18%8%13%13%
Other Income273159223196173-56205148244168230193186
Depreciation0000000000000
Profit before tax107287183136308120236407518625452545561
Tax %38%-10%43%18%43%6%30%40%40%24%28%30%25%
Net Profit66322100107169119161240307473331384423
EPS in Rs0.934.521.401.151.811.271.672.493.194.583.213.723.84
Gross NPA %8.71%9.67%9.69%8.95%
Net NPA %2.60%2.95%2.94%3.02%

Jammu & Kashmir Bank Ltd Quarterly Chart

Jammu & Kashmir Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue4,8366,1376,7677,0616,8446,6866,6217,6768,4468,1118,0139,35510,815
Interest2,9973,8204,0824,4094,1324,1733,7504,2914,7394,3404,1014,6095,666
Expenses9291,2261,2502,3362,4664,4313,1543,4395,2343,8023,7743,5673,743
Financing Profit9101,0911,435316245-1,919-283-55-1,527-301371,1781,406
Financing Margin %19%18%21%4%4%-29%-4%-1%-18%-0%2%13%13%
Other Income335485393599509497501817509701753765777
Depreciation445078956485971041261341441580
Profit before tax1,2011,5261,750820689-1,507121659-1,1445377471,7862,183
Tax %33%31%33%38%40%-8%-68%30%-3%19%32%33%
Net Profit8031,0551,181508414-1,633203464-1,1834284951,1811,610
EPS in Rs16.5721.7624.3610.498.54-31.323.648.33-16.596.015.3011.4415.35
Dividend Payout %20%23%21%20%20%0%0%0%0%0%0%4%

Jammu & Kashmir Bank Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)31.38%11.94%-56.99%-18.50%-494.44%112.43%128.57%-354.96%136.18%15.65%138.59%
Change in YoY Net Profit Growth (%)0.00%-19.44%-68.93%38.48%-475.94%606.88%16.14%-483.53%491.14%-120.52%122.93%

Jammu & Kashmir Bank Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:7%
3 Years:3%
TTM:22%
Compounded Profit Growth
10 Years:1%
5 Years:42%
3 Years:44%
TTM:51%
Stock Price CAGR
10 Years:1%
5 Years:30%
3 Years:68%
1 Year:196%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:9%
Last Year:13%

Jammu & Kashmir Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital4848484848525656717193103
Reserves4,0454,8165,6746,0606,3725,6216,1026,5666,2746,7317,9849,793
Borrowings54,58365,28771,09368,07671,61973,73581,63392,26199,805110,062117,074124,919
Other Liabilities1,5881,5831,7971,7262,2142,6041,8942,5222,6783,4085,42511,097
Total Liabilities60,26471,73478,61375,91080,25482,01289,684101,405108,829120,273130,576145,913
Fixed Assets4154445086557061,4791,5981,6462,0361,9711,9082,224
CWIP51327345964172935414647
Investments21,61925,73126,18522,74020,33421,27118,86023,14022,99030,77433,78534,780
Other Assets38,22445,54751,89352,48159,15659,19869,21076,58983,76887,48694,837108,860
Total Assets60,26471,73478,61375,91080,25482,01289,684101,405108,829120,273130,576145,913

Jammu & Kashmir Bank Ltd Reserves and Borrowings Chart

Jammu & Kashmir Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,1761,280-683118-2192,4572,363-2,9924,374-14-1,568-407
Cash from Investing Activity -70-86-169-261-136-861-164-165-115-76-85-124
Cash from Financing Activity -201-243-338-338-176593668769-339-199941638
Net Cash Flow905951-1,189-480-5312,1892,867-2,3883,920-289-712107

Jammu & Kashmir Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %21%24%22%9%7%-27%3%7%-18%7%7%13%

Jammu & Kashmir Bank Ltd Financial Efficiency Indicators Chart

Jammu & Kashmir Bank Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters68.18%68.18%70.12%70.12%70.12%68.03%68.03%68.03%63.41%63.41%63.41%59.40%
FIIs3.59%1.79%1.43%0.70%0.71%0.76%0.82%1.96%2.24%2.19%2.61%5.80%
DIIs0.19%0.22%0.16%0.23%0.21%0.94%2.12%2.78%2.66%2.43%4.92%7.81%
Public28.04%29.81%28.30%28.96%28.96%30.27%29.03%27.23%31.69%31.96%29.06%26.98%
No. of Shareholders1,42,2141,74,4681,80,6701,84,2541,92,5881,95,9351,89,5351,69,5581,72,0741,72,1711,88,6092,04,193

Jammu & Kashmir Bank Ltd Shareholding Pattern Chart

No. of Jammu & Kashmir Bank Ltd Shareholders

Jammu & Kashmir Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund132272591.25162.7
Kotak Multicap Fund114090151.74140.33
Kotak Multi Asset Allocation Fund39403811.0448.47
Mahindra Manulife Large & Mid Cap Fund34000002.4741.82
Aditya Birla Sun Life PSU Equity Fund23181741.4728.51
Baroda BNP Paribas Multi Cap Fund18940521.123.3
Kotak India EQ Contra Fund - Regular Plan17388000.9321.39
Mahindra Manulife Small Cap Fund15503650.6219.07
Baroda BNP Paribas Small Cap Fund15300001.4718.82
Baroda BNP Paribas Large and Mid Cap Fund13000001.6515.99

Jammu & Kashmir Bank Ltd ROCE Trend

Jammu & Kashmir Bank Ltd EPS Trend

Jammu & Kashmir Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Face Value1.001.001.001.001.00
Basic EPS (Rs.)12.255.966.01-16.598.35
Diluted EPS (Rs.)12.255.966.01-16.598.35
Cash EPS (Rs.)13.156.957.89-14.8210.20
Book Value[Excl.RevalReserv]/Share (Rs.)83.5175.3981.6974.97108.01
Book Value[Incl.RevalReserv]/Share (Rs.)95.9385.5795.3288.93118.88
Operating Revenue / Share (Rs.)90.6885.88113.67118.36137.80
Net Profit / Share (Rs.)11.625.416.00-16.588.33
Net Profit After MI / Share (Rs.)11.445.306.00-16.588.33
Net Profit Margin (%)12.816.295.28-14.016.04
Net Profit After MI And SOA Nargin (%)12.616.175.28-14.016.04
Operating Profit Margin (%)4.63-3.56-3.61-20.03-4.60
Return On Assets (%)0.800.370.35-1.080.45
Return On Equity / Networth (%)13.707.037.34-22.117.71
Net Interest Margin (X)3.252.993.133.403.33
Cost To Income (%)42.6147.6846.0160.2944.01
Interest Income / Total Assets (%)6.416.136.747.767.56
Non-Interest Income / Total Assets (%)0.520.600.600.460.80
Operating Profit / Total Assets (%)0.29-0.21-0.24-1.55-0.34
Operating Expenses / Total Assets (%)2.502.752.392.512.45
Interest Expenses / Total Assets (%)3.153.143.604.354.23
Enterprise Value (Rs.Cr.)122196.89118692.07108211.1097742.7890379.71
EV Per Net Sales (X)13.0614.8113.3411.5711.77
Price To Book Value (X)0.580.420.310.160.49
Price To Sales (X)0.540.370.220.100.39
Retention Ratios (%)95.63100.00100.00100.00100.00
Earnings Yield (X)0.230.160.23-1.340.15

Jammu & Kashmir Bank Ltd Profitability Ratios (%)

Jammu & Kashmir Bank Ltd Liquidity Ratios

Jammu & Kashmir Bank Ltd Liquidity Ratios (%)

Jammu & Kashmir Bank Ltd Interest Coverage Ratios (X)

Jammu & Kashmir Bank Ltd Valuation Ratios

Fair Value / Intrinsic Value of Jammu & Kashmir Bank Ltd

Fair Value: ₹121.27

The stock is overvalued by 13.38% compared to the current price ₹140

*Investments are subject to market risks

Strength and Weakness of Jammu & Kashmir Bank Ltd

Unable to fetch valid data for stock valuation.

Should I Buy Jammu & Kashmir Bank Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Jammu & Kashmir Bank Ltd:
    1. Net Profit Margin: 12.81%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: 7.29%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 9.39 (Industry average Stock P/E: 12.18)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Jammu & Kashmir 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