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Vijaya Bank

BSE:532401
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532401
BSE
₹60B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

Vijaya Bank provides various banking products and services primarily in India. The last earnings update was 57 days ago. More info.


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532401 Share Price and Events
7 Day Returns
0%
BSE:532401
3.1%
IN Banks
0.4%
IN Market
1 Year Returns
-13.5%
BSE:532401
15.6%
IN Banks
2%
IN Market
532401 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vijaya Bank (532401) 0% 16.1% -5.9% -13.5% 48.5% 22.8%
IN Banks 3.1% 12.7% 7% 15.6% 59.7% 77.2%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • 532401 underperformed the Banks industry which returned 15.6% over the past year.
  • 532401 underperformed the Market in India which returned 2% over the past year.
Price Volatility
532401
Industry
5yr Volatility vs Market

Value

 Is Vijaya Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vijaya Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vijaya Bank.

BSE:532401 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹81.76 * 7.6%
₹6.20
Book Value of Equity per Share Median Book Value from the past 5 years. ₹81.76
Discount Rate (Cost of Equity) See below 16.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532401
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 35%) (114.41%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.018 * 8.6%)
16.31%

Discounted Cash Flow Calculation for BSE:532401 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Vijaya Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:532401 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.6% – 16.31%) * ₹81.76)
₹-7.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-7.14 / (16.31% - 7.55%)
₹-81.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹81.76 + ₹-81.50
₹0.26
BSE:532401 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹0.26
Current discount Discount to share price of ₹46.10
= -1 x (₹46.10 - ₹0.26) / ₹0.26
-17537%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Vijaya Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vijaya Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vijaya Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532401 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹5.05
BSE:532401 Share Price ** BSE (2019-03-07) in INR ₹46.1
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 20.96x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vijaya Bank.

BSE:532401 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532401 Share Price ÷ EPS (both in INR)

= 46.1 ÷ 5.05

9.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vijaya Bank is good value based on earnings compared to the IN Banks industry average.
  • Vijaya Bank is good value based on earnings compared to the India market.
Price based on expected Growth
Does Vijaya Bank's expected growth come at a high price?
Raw Data
BSE:532401 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.2%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.89x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vijaya Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vijaya Bank's assets?
Raw Data
BSE:532401 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹83.29
BSE:532401 Share Price * BSE (2019-03-07) in INR ₹46.1
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.62x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
BSE:532401 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532401 Share Price ÷ Book Value per Share (both in INR)

= 46.1 ÷ 83.29

0.55x

* Primary Listing of Vijaya Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vijaya Bank is good value based on assets compared to the IN Banks industry average.
X
Value checks
We assess Vijaya Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Vijaya Bank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vijaya Bank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Vijaya Bank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vijaya Bank expected to grow at an attractive rate?
  • Vijaya Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Vijaya Bank's earnings growth is positive but not above the India market average.
  • Vijaya Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532401 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532401 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.2%
BSE:532401 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 31.4%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 37%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532401 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532401 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31
2020-03-31 58,914 1
2019-03-31 49,654 1
BSE:532401 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 36,871 6,350
2018-09-30 36,124 5,712
2018-06-30 37,358 6,167
2018-03-31 37,889 -260,585 7,270
2017-12-31 38,238 7,237
2017-09-30 40,978 8,744
2017-06-30 39,264 8,435
2017-03-31 36,510 -75,108 7,505
2016-12-31 29,313 6,178
2016-09-30 24,935 4,401
2016-06-30 22,802 4,009
2016-03-31 22,442 -3,699 3,818

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vijaya Bank's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Vijaya Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532401 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Vijaya Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532401 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
BSE:532401 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 5.05
2018-09-30 4.72
2018-06-30 5.41
2018-03-31 6.83
2017-12-31 7.05
2017-09-30 8.75
2017-06-30 8.51
2017-03-31 7.57
2016-12-31 6.41
2016-09-30 4.74
2016-06-30 4.48
2016-03-31 4.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Vijaya Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vijaya Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vijaya Bank has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vijaya Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vijaya Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vijaya Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Vijaya Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vijaya Bank's 1-year earnings growth is negative, it can't be compared to the IN Banks industry average.
Earnings and Revenue History
Vijaya Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vijaya Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532401 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 36,870.89 6,349.73 21,517.72
2018-09-30 36,123.69 5,711.53 21,826.52
2018-06-30 37,358.49 6,166.73 22,110.12
2018-03-31 37,889.09 7,270.23 21,584.22
2017-12-31 38,237.95 7,237.05 22,360.86
2017-09-30 40,978.25 8,744.25 23,298.06
2017-06-30 39,264.25 8,435.15 23,105.26
2017-03-31 36,510.35 7,504.85 22,240.86
2016-12-31 29,313.39 6,177.95 20,748.98
2016-09-30 24,935.39 4,401.25 18,710.88
2016-06-30 22,802.39 4,008.65 17,630.98
2016-03-31 22,441.79 3,817.95 16,899.18
2015-12-31 25,479.51 4,072.89 16,436.81
2015-09-30 24,343.81 3,920.79 16,239.91
2015-06-30 24,182.01 4,205.39 15,807.71
2015-03-31 23,121.11 4,394.09 15,567.61
2014-12-31 21,616.82 4,784.49 13,400.79
2014-09-30 21,109.12 4,524.39 13,489.09
2014-06-30 20,869.72 4,449.09 13,739.59
2014-03-31 21,375.02 4,159.09 13,925.79
2013-12-31 22,847.43 3,848.84 13,612.33
2013-09-30 22,973.53 5,002.24 12,711.83
2013-06-30 21,510.43 4,873.74 11,824.63
2013-03-31 19,395.23 4,662.74 11,191.33
2012-12-31 18,945.92 4,099.43 10,978.37
2012-09-30 18,403.82 4,074.83 10,610.37
2012-06-30 19,372.12 4,876.43 10,294.97
2012-03-31 18,506.08 4,485.03 9,994.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vijaya Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vijaya Bank used its assets less efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if Vijaya Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Vijaya Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vijaya Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Vijaya Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vijaya Bank Company Filings, last reported 2 months ago.

BSE:532401 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 108,930.80 68,784.80 79,722.30
2018-09-30 108,930.80 68,784.80 79,722.30
2018-06-30 107,623.40 67,922.20 71,418.30
2018-03-31 106,271.98 72,997.94 12,648.04
2017-12-31 92,716.70 69,104.20 60,454.30
2017-09-30 92,716.70 69,104.20 60,454.30
2017-06-30 81,514.88 110,617.97 6,671.44
2017-03-31 81,514.88 110,617.97 6,671.44
2016-12-31 79,192.50 110,407.80 59,305.00
2016-09-30 79,192.50 110,407.80 59,305.00
2016-06-30 76,247.24 103,005.72 9,057.98
2016-03-31 76,247.24 103,005.72 9,057.98
2015-12-31 64,120.50 53,039.40 54,766.30
2015-09-30 64,120.50 53,039.40 54,766.30
2015-06-30 61,597.54 72,781.94 13,113.46
2015-03-31 61,597.54 72,781.94 13,113.46
2014-12-31 61,869.00 26,666.30 53,649.00
2014-09-30 61,869.00 26,666.30 53,649.00
2014-06-30 58,879.24 47,447.99 42,909.48
2014-03-31 58,879.24 47,447.99 42,909.48
2013-12-31 58,205.20 42,132.60 51,568.00
2013-09-30 58,205.20 42,132.60 51,568.00
2013-06-30 55,586.51 63,918.17 31,446.16
2013-03-31 55,586.51 63,918.17 31,446.16
2012-12-31 54,795.00 50,229.50 59,308.40
2012-09-30 54,795.00 50,229.50 59,308.40
2012-06-30 52,522.19 54,184.00 21,640.82
2012-03-31 52,522.19 54,184.00 21,640.82
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Vijaya Bank has an acceptable proportion of non-loan assets held.
  • Vijaya Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Vijaya Bank are broadly funded by customer deposits.
  • Vijaya Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Vijaya Bank has a sufficient allowance for bad loans without relevant financial data.
  • Vijaya Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Vijaya Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vijaya Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.6%
Current annual income from Vijaya Bank dividends. Estimated to be 4.77% next year.
If you bought ₹2,000 of Vijaya Bank shares you are expected to receive ₹52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Vijaya Bank's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Vijaya Bank's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532401 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Banks Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532401 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.80 1.00
2020-03-31 2.20 1.00
2019-03-31 1.60 1.00
BSE:532401 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-06-06 1.200 2.490
2018-05-07 1.200 2.030
2017-07-24 1.500 2.398
2017-02-02 0.000 0.000
2016-10-27 0.000 0.000
2016-07-22 0.000 0.000
2016-05-12 0.000 0.000
2015-07-22 1.500 4.434
2014-06-27 2.000 4.266
2014-02-03 2.000 4.826
2013-11-11 2.000 5.089
2013-07-01 2.500 6.344
2012-07-25 2.500 4.653
2012-04-30 2.500 4.446
2011-05-31 2.500 4.285
2011-04-28 2.500 3.439
2010-05-31 2.500 3.044
2010-04-15 2.500 4.666
2009-06-01 1.000 2.114
2009-04-15 1.000 3.336
2009-03-23 2.000 8.104

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Vijaya Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
X
Income/ dividend checks
We assess Vijaya Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vijaya Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vijaya Bank has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vijaya Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Radhamangalam Sankaranarayanan
COMPENSATION ₹1,881,486
AGE 58
TENURE AS CEO 1.5 years
CEO Bio

Mr. Radhamangalam A. Sankaranarayanan has been the Chief Executive Officer and Managing Director at Vijaya Bank since May 5, 2017. Mr. Sankaranarayanan served as a General Manager at Bank of India Limited since September 2014 and served as its Executive Director from May 15, 2015 to August 31, 2017. He has joined Bank of India as a Direct Recruit Officer in 1983. He served as Chairman and Director of Bank of India (Tanzania) Ltd. until 2018. He was overseeing the International operations of the Bank, covering 59 offices in 22 countries and contributing 29% of the Bank’s business. He has worked as Head of Treasury Operations, Zonal Manager, General Manager of National Banking Group and at Corporate Office etc. besides 2 foreign stints at Tokyo and Singapore. He has been a Director at Vijaya Bank since May 5, 2017. He is a Post Graduate in Public Administration. He holds an MBA Degree and acquired Certified Associate of the Indian Institute of Bankers (CAIIB). He also has a Diploma in Treasury & Investment Risk Management and P G Diploma in Personnel Management and Financial Management.

CEO Compensation
  • Insufficient data for Radhamangalam to compare compensation growth.
  • Radhamangalam's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Vijaya Bank management team in years:

1.2
Average Tenure
58
Average Age
  • The average tenure for the Vijaya Bank management team is less than 2 years, this suggests a new team.
Management Team

Radhamangalam Sankaranarayanan

TITLE
CEO, MD & Director
COMPENSATION
₹2M
AGE
58
TENURE
1.5 yrs

Nageshwara Y.

TITLE
Executive Director
COMPENSATION
₹3M
AGE
57

Murali Ramaswami

TITLE
GM & Executive Director
COMPENSATION
₹337K
AGE
58

Ramesh Miglani

TITLE
GM & CFO
TENURE
0.8 yrs

K. Renu

TITLE
Company Secretary & Compliance Officer

Ananta Swain

TITLE
GM of HRD & GM of Risk Mgt

Subrat Kumar

TITLE
GM & Chief Risk Officer
TENURE
2.2 yrs

Sidheswar Patra

TITLE
GM & Chief Risk Officer
TENURE
0.6 yrs

G. Narang

TITLE
Chief Vigilance Officer

V. Sundaresan

TITLE
Chief Vigilance Officer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Vijaya Bank board of directors in years:

1.6
Average Tenure
57
Average Age
  • The average tenure for the Vijaya Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nageshwara Y.

TITLE
Executive Director
COMPENSATION
₹3M
AGE
57
TENURE
3.2 yrs

Murali Ramaswami

TITLE
GM & Executive Director
COMPENSATION
₹337K
AGE
58
TENURE
1.1 yrs

Vivek Soni

TITLE
Non-Official Director
COMPENSATION
₹210K
AGE
56
TENURE
1.3 yrs

Radhamangalam Sankaranarayanan

TITLE
CEO, MD & Director
COMPENSATION
₹2M
AGE
58
TENURE
1.5 yrs

Raghvender Gupta

TITLE
Shareholder Director
COMPENSATION
₹470K
AGE
63
TENURE
1.6 yrs

S. Raghunath

TITLE
Part-Time Non Official Director
COMPENSATION
₹530K
AGE
61
TENURE
2.9 yrs

G. Borah

TITLE
RBI Nominee Director
AGE
52
TENURE
2.2 yrs

Rajan Dogra

TITLE
Shareholder Director
COMPENSATION
₹500K
AGE
54
TENURE
1.6 yrs

N. Rao

TITLE
Government Nominee Director
AGE
49
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Vijaya Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vijaya Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Vijaya Bank (BOM:532401): What You Have To Know Before Buying For The Upcoming Dividend

Investors who want to cash in on Vijaya Bank's (BOM:532401) upcoming dividend of ₹1.2 per share have only 9 days left to buy the shares before its ex-dividend date, 21 June 2018, in time for dividends payable on the 29 July 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Vijaya Bank's latest financial data to analyse its dividend attributes. … Here's how I find good dividend stocks?

Simply Wall St -

March Top Undervalued Financial Companies

Recent undervalued financial companies based on their current market price include Vijaya Bank and Indian Bank. … Also, 532401’s PE ratio is currently around 7.36x compared to its Banks peer level of, 17.71x meaning that relative to its competitors, you can purchase 532401’s stock for a lower price right now. … This price and value mismatch indicates a potential opportunity to buy the stock at a low price.

Simply Wall St -

Vijaya Bank And Other Top Growth Stocks

BSE:532401 Future Profit Mar 2nd 18 Granules India Limited (BSE:532482) Granules India Limited manufactures and sells active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates, and finished dosages (FDs) in India and internationally. … Profit growth, coupled with top-line expansion, is a positive indication. … BSE:532482 Future Profit Mar 2nd 18 KEC International Limited (BSE:532714) KEC International Limited, together with its subsidiaries, primarily engages in engineering, procurement, and construction (EPC) business.

Simply Wall St -

Company Info

Description

Vijaya Bank provides various banking products and services primarily in India. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It offers savings bank and current accounts, and recurring and term deposits; and retail lending solutions, such as housing, two wheelers, four wheelers, personal, transport operators, jewel, reverse mortgage, restaurant, secured overdraft, rent, medical practitioners, equipment, flour/rice/dal mills, and properties loans. The company also provides debit and credit card, NRI and international banking, Internet and mobile banking, agricultural banking, and remittance and collection services. In addition, it is involved in merchant banking, money transfer, mutual fund, locker rent, and general insurance and life insurance, as well as bancassurance products. As of March 31, 2018, the company operated through a network of 2136 branches, 2155 ATMs, and 15 extension counters. Vijaya Bank was founded in 1931 and is headquartered in Bengaluru, India.

Details
Name: Vijaya Bank
532401
Exchange: BSE
Founded: 1931
₹60,121,221,186
1,304,147,965
Website: http://www.vijayabank.com
Address: Vijaya Bank
41/2, Trinity Circle,
M.G. Road,
Bengaluru,
Karnataka, 560001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532401 Equity Shares Mumbai Stock Exchange IN INR 10. Jan 2001
NSEI VIJAYABANK Equity Shares National Stock Exchange of India IN INR 10. Jan 2001
Number of employees
Current staff
Staff numbers
14,645
Vijaya Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:33
End of day share price update: 2019/03/07 00:00
Last estimates confirmation: 2019/02/11
Last earnings filing: 2019/01/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.