BSE:532209

Stock Analysis Report

Jammu and Kashmir Bank

Executive Summary

The Jammu and Kashmir Bank Limited provides various banking products and services for household, and small and medium enterprises in India.

Rewards

PE ratio (2.2x) is below the Indian market (13.4x)

Earnings grew by 61.6% over the past year

Risk Analysis

Highly volatile share price over past 3 months

Latest financial reports are more than 6 months old



Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Jammu and Kashmir Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532209's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-22.8%

532209

-1.3%

IN Banks

-0.4%

IN Market


1 Year Return

-54.9%

532209

9.6%

IN Banks

11.1%

IN Market

Return vs Industry: 532209 underperformed the Indian Banks industry which returned 9.6% over the past year.

Return vs Market: 532209 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

532209IndustryMarket
7 Day-22.8%-1.3%-0.4%
30 Day-41.7%-3.1%-1.5%
90 Day-48.1%-1.6%3.3%
1 Year-54.9%-54.9%10.0%9.6%13.0%11.1%
3 Year-75.5%-75.5%14.8%13.5%25.3%18.6%
5 Year-82.9%-83.7%10.8%7.3%35.4%23.1%

Price Volatility Vs. Market

How volatile is Jammu and Kashmir Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jammu and Kashmir Bank undervalued compared to its fair value and its price relative to the market?

2.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 532209's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 532209's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 532209 is good value based on its PE Ratio (2.2x) compared to the Banks industry average (18.8x).

PE vs Market: 532209 is good value based on its PE Ratio (2.2x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532209's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532209 is good value based on its PB Ratio (0.1x) compared to the IN Banks industry average (0.6x).


Next Steps

Future Growth

How is Jammu and Kashmir Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jammu and Kashmir Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jammu and Kashmir Bank performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532209 has high quality earnings.

Growing Profit Margin: 532209's current net profit margins (13.2%) are higher than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: 532209's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: 532209's earnings growth over the past year (61.6%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: 532209 earnings growth over the past year (61.6%) exceeded the Banks industry 25.5%.


Return on Equity

High ROE: 532209's Return on Equity (6.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Jammu and Kashmir Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 532209 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 532209's debt is covered by short term assets (assets are 1.8x debt).


Financial Institutions Analysis

Asset Level: 532209's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if 532209 has a sufficient allowance for bad loans.

Low Risk Liabilities: 532209's liabilities are made up of primarily low risk sources of funding.

Loan Level: 532209 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 532209's loans are broadly funded by customer deposits.

Level of Bad Loans: 532209 has a high level of bad loans (8.88%)


Next Steps

Dividend

What is Jammu and Kashmir Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 532209's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 532209's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532209's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532209's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532209 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532209's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Rajesh Chhibber (59yo)

0.7yrs

Tenure

0

Mr. Rajesh Kumar Chhibber has been Chairman of Jammu & Kashmir Bank Ltd. since October 10, 2019 and its Managing Director since June 08, 2019 and also serves as its Executive President. Mr. Chhibber served ...


Leadership Team

NamePositionTenureCompensationOwnership
Rajesh Chhibber
Chairman0.7yrsno data0.00017% 17.1k
Rajini Saraf
President & CFO0.6yrsno data0.00017% 17.1k
Mohammad Mir
Compliance Officer & Company Secretary3.3yrs₹1.44mno data
Pushap Tickoo
Executive President0yrs₹724.82kno data
Abdul Sheigan
Executive President3.2yrsno datano data
Fayaz Zargar
VP & Chief Risk Officer1.8yrsno datano data
Ghulam Teli
President1.8yrsno datano data
Sunil Gupta
President1.8yrsno datano data
Arun Gandotra
President1.8yrsno datano data
Mohammad Lone
President1.8yrsno datano data

1.8yrs

Average Tenure

59yo

Average Age

Experienced Management: 532209's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rajesh Chhibber
Chairman0.7yrsno data0.00017% 17.1k
Rajeev Bishnoi
Non-Executive Independent Director0.08yrsno datano data
Arun Mehta
Promoter & Non-Executive Non-Independent Director0.9yrsno datano data
Bipul Pathak
Government Nominee & Non-Executive Non-Independent Director0.3yrsno datano data
Vikram Gujral
Non-Executive Non-Independent Director0.9yrsno datano data
Anil Misra
Non-Executive Non-Independent Director0.6yrsno datano data
Sonam Wangchuk
Non-Executive & Non-Independent Director0.4yrsno datano data
Monica Dhawan
Non-Executive Independent Director0.08yrsno datano data

0.5yrs

Average Tenure

54yo

Average Age

Experienced Board: 532209's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Jammu and Kashmir Bank Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Jammu and Kashmir Bank Limited
  • Ticker: 532209
  • Exchange: BSE
  • Founded: 1938
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹10.079b
  • Shares outstanding: 556.86m
  • Website: https://www.jkbank.com

Location

  • The Jammu and Kashmir Bank Limited
  • M. A. Road
  • Srinagar
  • Jammu and Kashmir
  • 190001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532209BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1998
J&KBANKNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1998
532209BSE (Mumbai Stock Exchange)INR1ININRSep 2014

Biography

The Jammu and Kashmir Bank Limited provides various banking products and services for household, and small and medium enterprises in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. The company accepts various deposits, such as savings, salary, pension, and current accounts; and term deposits. It also offers housing loans, consumer loans, Saholiat/Saral finance, Saholiat/Saral finance scheme for pensioners, solar lighting and photo voltaic finance, laptop/PC finance, scooty finance for girls/ladies, festival advance scheme, education loan scheme, smartphone finance, car and two-wheeler loans, and coaching fee loan schemes. In addition, the company provides finance for commercial vehicles, school buses, passenger buses/mini buses, craft development, craftsmen, handicrafts, commercial premises, contractor, mini sheep farm establishment, construction equipment, small businessmen, and travel and tourist taxi operators; mortgage loans for trade and service sector, loans against mortgage of immovable property, fair price shop scheme, and all-terrain vehicles/snowmobile finance scheme; and agricultural loans. Further, it offers mutual funds, life and non-life insurance products, and nonresident banking services; and support services, such as core banking, Internet and mobile banking, ATM, and merchant acquiring services, as well as debit and credit cards. Additionally, the company provides cash management services, including real time gross settlement and national electronic fund transfer services; and third party services comprising remittance services. As of March 31, 2019, it operated 938 branches in 20 states and 1 union territory; and 1294 ATM’s. The Jammu and Kashmir Bank Limited was incorporated in 1938 and is headquartered in Srinagar, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:39
End of Day Share Price2020/02/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.