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Jammu and Kashmir Bank

NSEI:J&KBANK
Snowflake Description

High growth potential and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
J&KBANK
NSEI
₹28B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

The Jammu and Kashmir Bank Limited provides various banking products and services in India. The last earnings update was 236 days ago. More info.


Add to Portfolio Compare Print
  • Jammu and Kashmir Bank has significant price volatility in the past 3 months.
J&KBANK Share Price and Events
7 Day Returns
5.4%
NSEI:J&KBANK
3.4%
IN Banks
0.3%
IN Market
1 Year Returns
-14.3%
NSEI:J&KBANK
15%
IN Banks
2.4%
IN Market
J&KBANK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jammu and Kashmir Bank (J&KBANK) 5.4% 29.2% 34.9% -14.3% -17.5% -66.5%
IN Banks 3.4% 10.8% 5.7% 15% 57.8% 77.3%
IN Market 0.3% 8% 1.6% 2.4% 44% 81.3%
1 Year Return vs Industry and Market
  • J&KBANK underperformed the Banks industry which returned 15% over the past year.
  • J&KBANK underperformed the Market in India which returned 2.4% over the past year.
Price Volatility
J&KBANK
Industry
5yr Volatility vs Market

Value

 Is Jammu and Kashmir 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 Jammu and Kashmir 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 Jammu and Kashmir Bank.

NSEI:J&KBANK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= ₹115.00 * 8.4%
₹9.71
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. ₹115.00
Discount Rate (Cost of Equity) See below 15.1%
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 NSEI:J&KBANK
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 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.598 (1 + (1- 35%) (57.45%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.88 * 8.6%)
15.12%

Discounted Cash Flow Calculation for NSEI:J&KBANK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Jammu and Kashmir 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.

NSEI:J&KBANK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.4% – 15.12%) * ₹115.00)
₹-7.67
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-7.67 / (15.12% - 7.55%)
₹-101.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹115.00 + ₹-101.42
₹13.58
NSEI:J&KBANK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:J&KBANK represents 1.002x of BSE:532209
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.002x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 13.58 x 1.002
₹13.61
Value per share (INR) From above. ₹13.61
Current discount Discount to share price of ₹50.05
= -1 x (₹50.05 - ₹13.61) / ₹13.61
-267.7%

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

  • The current share price of Jammu and Kashmir 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 Jammu and Kashmir Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jammu and Kashmir Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:J&KBANK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹3.63
BSE:532209 Share Price ** BSE (2019-03-20) in INR ₹49.95
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 21.01x
India Market PE Ratio Median Figure of 2,728 Publicly-Listed Companies 16.54x

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

** Primary Listing of Jammu and Kashmir Bank.

NSEI:J&KBANK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532209 Share Price ÷ EPS (both in INR)

= 49.95 ÷ 3.63

13.76x

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

  • Jammu and Kashmir Bank is good value based on earnings compared to the IN Banks industry average.
  • Jammu and Kashmir Bank is good value based on earnings compared to the India market.
Price based on expected Growth
Does Jammu and Kashmir Bank's expected growth come at a high price?
Raw Data
NSEI:J&KBANK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
43.5%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 0.88x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

NSEI:J&KBANK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.76x ÷ 43.5%

0.32x

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

  • Jammu and Kashmir Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Jammu and Kashmir Bank's assets?
Raw Data
NSEI:J&KBANK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹110.58
BSE:532209 Share Price * BSE (2019-03-20) in INR ₹49.95
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.62x
India Market PB Ratio Median Figure of 3,614 Publicly-Listed Companies 1.11x
NSEI:J&KBANK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532209 Share Price ÷ Book Value per Share (both in INR)

= 49.95 ÷ 110.58

0.45x

* Primary Listing of Jammu and Kashmir Bank.

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

  • Jammu and Kashmir Bank is good value based on assets compared to the IN Banks industry average.
X
Value checks
We assess Jammu and Kashmir 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. Jammu and Kashmir Bank has a total score of 4/6, 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 Jammu and Kashmir Bank expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
43.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jammu and Kashmir Bank expected to grow at an attractive rate?
  • Jammu and Kashmir Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Jammu and Kashmir Bank's earnings growth is expected to exceed the India market average.
  • Jammu and Kashmir Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:J&KBANK Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:J&KBANK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 43.5%
NSEI:J&KBANK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 25.8%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 36.9%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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
NSEI:J&KBANK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:J&KBANK Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 51,456 8,080 4
2020-03-31 44,881 5,387 5
2019-03-31 38,982 3,394 4
NSEI:J&KBANK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 21,111 -51,829 2,027
2017-03-31 2,098 -6,231 -16,330
2016-03-31 22,439 -38,616 4,138

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jammu and Kashmir Bank's earnings are expected to grow significantly at over 20% yearly.
  • Jammu and Kashmir 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
NSEI:J&KBANK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Jammu and Kashmir Bank Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:J&KBANK Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 14.63 17.60 12.00 3.00
2020-03-31 9.68 11.50 7.00 5.00
2019-03-31 6.10 7.10 5.00 4.00
NSEI:J&KBANK Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 3.63
2017-03-31 -33.59
2016-03-31 8.58

*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.
  • Jammu and Kashmir Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jammu and Kashmir 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.
Jammu and Kashmir Bank has a total score of 5/6, 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 Jammu and Kashmir Bank performed over the past 5 years?

  • Jammu and Kashmir Bank's last earnings update was 236 days ago.
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 Jammu and Kashmir 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.
  • Jammu and Kashmir Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Jammu and Kashmir Bank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Jammu and Kashmir Bank has become profitable in the last year making it difficult to compare the IN Banks industry average.
Earnings and Revenue History
Jammu and Kashmir 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 Jammu and Kashmir Bank Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:J&KBANK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 21,111.30 2,026.88 16,323.33
2017-03-31 2,097.57 -16,329.93 14,275.86
2016-03-31 22,438.51 4,138.41 12,830.36
2015-03-31 22,360.28 5,084.80 11,691.21
2014-03-31 23,617.05 11,810.80 9,859.61
2013-03-31 20,464.39 10,548.86 8,446.56
2012-03-31 16,068.54 8,030.75 6,467.24

*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.
  • Jammu and Kashmir Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jammu and Kashmir Bank used its assets less efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if Jammu and Kashmir 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 Jammu and Kashmir 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.
Jammu and Kashmir Bank has a total score of 0/6, 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 Jammu and Kashmir 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 Jammu and Kashmir 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 Jammu and Kashmir Bank Company Filings, last reported 11 months ago.

NSEI:J&KBANK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 61,575.89 16,283.36 46,540.87
2017-03-31 56,728.91 12,760.49 50,781.59
2016-03-31 64,208.56 22,400.00 46,338.40
2015-03-31 61,084.47 23,396.67 86,671.38
2014-03-31 57,221.21 17,650.00 79,964.23
2013-03-31 48,645.94 10,750.00 90,317.30
2012-03-31 40,932.91 12,409.57 67,837.10
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.
  • Jammu and Kashmir Bank has an acceptable proportion of non-loan assets held.
  • Jammu and Kashmir Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Jammu and Kashmir Bank are broadly funded by customer deposits.
  • Jammu and Kashmir 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 Jammu and Kashmir Bank has a sufficient allowance for bad loans without relevant financial data.
  • Jammu and Kashmir Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Jammu and Kashmir 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. Jammu and Kashmir 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 Jammu and Kashmir 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
0%
Current annual income from Jammu and Kashmir Bank dividends. Estimated to be 2.5% next year.
If you bought ₹2,000 of Jammu and Kashmir Bank shares you are expected to receive ₹0 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?
  • Unable to evaluate Jammu and Kashmir Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Jammu and Kashmir Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NSEI:J&KBANK 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 7 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 1.3%
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.

NSEI:J&KBANK Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 1.57 3.00
2020-03-31 1.17 3.00
2019-03-31 0.90 2.00
NSEI:J&KBANK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2017-05-29 0.000 0.000
2016-05-24 1.750 2.537
2015-08-24 2.100 2.819
2014-08-04 5.000 4.139
2013-05-15 5.000 3.731
2012-07-16 3.350 2.895
2011-07-13 2.600 3.147
2010-08-09 2.200 2.744
2009-03-31 1.690 2.984
2009-03-23 1.550 5.887

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

  • Unable to perform a dividend volatility check as Jammu and Kashmir Bank has not reported any payouts.
  • Unable to verify if Jammu and Kashmir Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Jammu and Kashmir Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Jammu and Kashmir Bank has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (9.4x coverage).
X
Income/ dividend checks
We assess Jammu and Kashmir 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 Jammu and Kashmir Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jammu and Kashmir Bank has a total score of 1/6, 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 Jammu and Kashmir 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
Parvez Ahmed
COMPENSATION ₹6,610,800
AGE 54
TENURE AS CEO 2.4 years
CEO Bio

Parvez Ahmed joined the Jammu & Kashmir Bank Ltd as Company Secretary in 1998. His sheer hardwork and thorough professionalism enabled his swift rise through ranks to become General Manager (President) in 2006. After his elevation in 2011, he served as the Executive President till his assuming office as Chairman and CEO in October 2016. He is the Founding Member and served as the Chairman of the Srinagar Satellite Chapter of NICR of Institute of Company Secretaries of India for eight consecutive years. He has served as Director on Board of MetLife India Insurance Company Pvt Ltd. He is also serving as Director on Board of JKB Financial Services Ltd.

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

Average tenure of the Jammu and Kashmir Bank management team in years:

0.8
Average Tenure
  • The average tenure for the Jammu and Kashmir Bank management team is less than 2 years, this suggests a new team.
Management Team

Parvez Ahmed

TITLE
Chairman & CEO
COMPENSATION
₹7M
AGE
54
TENURE
2.4 yrs

Mohammad Mir

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
TENURE
2.3 yrs

Pushap Tickoo

TITLE
Executive President
COMPENSATION
₹2M

Rakesh Gandotra

TITLE
CFO & President
TENURE
0.7 yrs

Fayaz Zargar

TITLE
VP & Chief Risk Officer
TENURE
0.8 yrs

Gulam Sadiq

TITLE
President
TENURE
0.8 yrs

Arun Gandotra

TITLE
President
TENURE
0.8 yrs

Ghulam Teli

TITLE
President
TENURE
0.8 yrs

Sunil Gupta

TITLE
President
TENURE
0.8 yrs

Rajni Saraf

TITLE
President
TENURE
0.8 yrs
Board of Directors Tenure

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

1.8
Average Tenure
59
Average Age
  • The average tenure for the Jammu and Kashmir Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Parvez Ahmed

TITLE
Chairman & CEO
COMPENSATION
₹7M
AGE
54
TENURE
2.4 yrs

Vijayalakshmi Iyer

TITLE
Non-Executive Independent Director
COMPENSATION
₹680K
AGE
63
TENURE
1.8 yrs

Sanjiv Agarwal

TITLE
Non-Executive Independent Director
COMPENSATION
₹1M
AGE
58
TENURE
1.8 yrs

Azhar Ul Amin

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹995K
AGE
58
TENURE
3.6 yrs

Mohammad Mir

TITLE
Non-Executive Independent Director
COMPENSATION
₹1M
AGE
60
TENURE
2.6 yrs

Mohammad Rather

TITLE
Non-Executive Independent Director
COMPENSATION
₹1M
TENURE
2.6 yrs

Sunil Chandiramani

TITLE
Non-Executive Independent Director
COMPENSATION
₹960K
TENURE
1.8 yrs

Pronab Sen

TITLE
Non-Executive Independent Director
COMPENSATION
₹440K
AGE
66
TENURE
1.8 yrs

Dhaman Pandoh

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹960K
TENURE
1.8 yrs

Rahul Bansal

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹600K
TENURE
1.8 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 Jammu and Kashmir 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. Jammu and Kashmir 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

What Makes The Jammu and Kashmir Bank Limited (NSE:J&KBANK) A Hard Investment?

The Jammu and Kashmir Bank Limited’s (NSE:J&KBANK) profitability and risk are largely affected by the underlying economic growth for the region it operates in IN given it is a small-cap stock with a market capitalisation of ₹21b. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Jammu and Kashmir Bank to vulnerabilities. … High liquidity and low leverage could position Jammu and Kashmir Bank favourably at the face of macro headwinds.

Simply Wall St -

Company Info

Description

The Jammu and Kashmir Bank Limited provides various banking products and services in India. It operates through Treasury Operations, 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 scheme. 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 ATV/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, 2018, it operated 904 branches in 20 states and 1 union territory; and 1,199 ATM’s. The Jammu and Kashmir Bank Limited was incorporated in 1938 and is headquartered in Srinagar, India.

Details
Name: The Jammu and Kashmir Bank Limited
J&KBANK
Exchange: NSEI
Founded: 1938
₹28,344,092,152
556,858,392
Website: http://www.jkbank.net
Address: The Jammu and Kashmir Bank Limited
M. A. Road,
Srinagar,
Jammu and Kashmir, 190001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532209 Equity Shares Mumbai Stock Exchange IN INR 03. Aug 1998
NSEI J&KBANK Equity Shares National Stock Exchange of India IN INR 03. Aug 1998
BSE 532209 INR1 Mumbai Stock Exchange IN INR 04. Sep 2014
Number of employees
Current staff
Staff numbers
0
Jammu and Kashmir Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 12:47
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/01/17
Last earnings filing: 2018/07/27
Last earnings reported: 2018/03/31
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.