Jammu and Kashmir Bank Ltd financial results and price chart (2024)

₹ 139 -2.28%

21 Feb - close price

About

Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.^[1]
It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.^[2]

Key Points

Key Ratios - FY23
Capital Adequacy Ratio - 15.39%
Net Interest Margin - 3.89%
Gross NPA - 6.04%
Net NPA - 1.62%
CASA Ratio - 54.10% ^[1]

Website BSE NSE

Market Cap ₹ 15,356 Cr.
Current Price ₹ 139
High / Low ₹ 152 / 44.6
Stock P/E 9.54
Book Value ₹ 95.9
Dividend Yield 0.36 %
ROCE 4.92 %
ROE 13.1 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 42.2% CAGR over last 5 years

Cons

Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -4.01%
The company has delivered a poor sales growth of 7.16% over past five years.
Company has a low return on equity of 9.14% over last 3 years.
Contingent liabilities of Rs.6,939 Cr.
Company might be capitalizing the interest cost

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	2,076	1,952	1,990	1,990	2,020	2,012	2,103	2,299	2,441	2,512	2,657	2,764	2,881
Interest	1,071	1,034	1,021	1,017	1,026	1,037	1,069	1,095	1,183	1,262	1,374	1,430	1,600
	1,172	789	1,009	1,034	858	800	1,003	945	984	793	1,062	982	906
Financing Profit	-167	128	-40	-60	135	176	31	259	274	457	221	352	375
Financing Margin %	-8%	7%	-2%	-3%	7%	9%	1%	11%	11%	18%	8%	13%	13%
	273	159	223	196	173	-56	205	148	244	168	230	193	186
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	107	287	183	136	308	120	236	407	518	625	452	545	561
Tax %	38%	-10%	43%	18%	43%	6%	30%	40%	40%	24%	28%	30%	25%
	66	322	100	107	169	119	161	240	307	473	331	384	423
EPS in Rs	0.93	4.52	1.40	1.15	1.81	1.27	1.67	2.49	3.19	4.58	3.21	3.72	3.84
Gross NPA %	8.71%	9.67%	9.69%	8.95%
Net NPA %	2.60%	2.95%	2.94%	3.02%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Revenue	4,836	6,137	6,767	7,061	6,844	6,686	6,621	7,676	8,446	8,111	8,013	9,355	10,815
Interest	2,997	3,820	4,082	4,409	4,132	4,173	3,750	4,291	4,739	4,340	4,101	4,609	5,666
	929	1,226	1,250	2,336	2,466	4,431	3,154	3,439	5,234	3,802	3,774	3,567	3,743
Financing Profit	910	1,091	1,435	316	245	-1,919	-283	-55	-1,527	-30	137	1,178	1,406
Financing Margin %	19%	18%	21%	4%	4%	-29%	-4%	-1%	-18%	-0%	2%	13%	13%
	335	485	393	599	509	497	501	817	509	701	753	765	777
Depreciation	44	50	78	95	64	85	97	104	126	134	144	158	0
Profit before tax	1,201	1,526	1,750	820	689	-1,507	121	659	-1,144	537	747	1,786	2,183
Tax %	33%	31%	33%	38%	40%	-8%	-68%	30%	-3%	19%	32%	33%
	803	1,055	1,181	508	414	-1,633	203	464	-1,183	428	495	1,181	1,610
EPS in Rs	16.57	21.76	24.36	10.49	8.54	-31.32	3.64	8.33	-16.59	6.01	5.30	11.44	15.35
Dividend Payout %	20%	23%	21%	20%	20%	0%	0%	0%	0%	0%	0%	4%

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:	0%
5 Years:	29%
3 Years:	67%
1 Year:	188%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	9%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	48	48	48	48	48	52	56	56	71	71	93	103
Reserves	4,045	4,816	5,674	6,060	6,372	5,621	6,102	6,566	6,274	6,731	7,984	9,793
	54,583	65,287	71,093	68,076	71,619	73,735	81,633	92,261	99,805	110,062	117,074	124,919
	1,588	1,583	1,797	1,726	2,214	2,604	1,894	2,522	2,678	3,408	5,425	11,097
Total Liabilities	60,264	71,734	78,613	75,910	80,254	82,012	89,684	101,405	108,829	120,273	130,576	145,913
	415	444	508	655	706	1,479	1,598	1,646	2,036	1,971	1,908	2,224
CWIP	5	13	27	34	59	64	17	29	35	41	46	47
Investments	21,619	25,731	26,185	22,740	20,334	21,271	18,860	23,140	22,990	30,774	33,785	34,780
	38,224	45,547	51,893	52,481	59,156	59,198	69,210	76,589	83,768	87,486	94,837	108,860
Total Assets	60,264	71,734	78,613	75,910	80,254	82,012	89,684	101,405	108,829	120,273	130,576	145,913

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	1,176	1,280	-683	118	-219	2,457	2,363	-2,992	4,374	-14	-1,568	-407
	-70	-86	-169	-261	-136	-861	-164	-165	-115	-76	-85	-124
	-201	-243	-338	-338	-176	593	668	769	-339	-199	941	638
Net Cash Flow	905	951	-1,189	-480	-531	2,189	2,867	-2,388	3,920	-289	-712	107

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

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Jammu and Kashmir Bank Ltd financial results and price chart (2024)

FAQs

What is the price target of J&K bank in 2025? ›

J&KBANK Share Price Target 2025

By January 2025, J&KBANK's share price is projected to be worth Rs. 233. By December 2025, if industry trends and macro and microeconomic factors continue to support them, the target price of Jammu and Kashmir Bank Ltd. may reach Rs 261.

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Is Jammu and Kashmir Bank a good buy? ›

Jammu & Kashmir Bank has TTM P/E ratio 8.03 as compared to the sector P/E of 8.75. There are 1 analysts who have initiated coverage on Jammu & Kashmir Bank. There are 1 analysts who have given it a strong buy rating & 0 analysts have given it a buy rating. 0 analysts have given the stock a sell rating.

Read On ›

What is the dividend of JK bank in 2024? ›

Description. Jammu & Kashmir Bank (J&KBANK. NSE) has announced a dividend of ₹2.15 with an ex date of August 17, 2024 and a payment date of September 22, 2024.

What is the result of Q4 of J&K bank? ›

Q4 Results Highlights

Net Interest Income. ₹1,305.49 Cr. (4.45%)
Loan Loss Provision. ₹-165.05 Cr. (-5.54%)
Profit After Tax. ₹633.44 Cr. (34.03%)

What is the price target for Jammu and Kashmir Bank in 2024? ›

The average one-year price target for Jammu and Kashmir Bank (NSEI:J&KBANK) has been revised to 172.38 / share. This is an increase of 5.63% from the prior estimate of 163.20 dated April 29, 2024.

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What is the future prediction of Jammu and Kashmir bank share? ›

Stock price target for The Jammu & Kashmir Bank Limited JNKBANK are 111.35 on downside and 116.77 on upside.

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What is the dividend of J&K bank share? ›

Jammu and Kashmir Bank Ltd Dividend related ratios:

Last dividend date: 05/05/2023. Current Dividend Yield: 0.44% Annual dividend payment: ₹0.50.

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Who are the shareholders of JK bank? ›

Profile of the Bank

Government of Jammu & Kashmir & Ladakh holds majority shareholding of 63.41% in the bank as on June 30, 2023.

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What is the intrinsic value of J&K bank? ›

The intrinsic value of one J&KBANK stock under the Base Case scenario is 154.02 INR. Compared to the current market price of 117.27 INR, Jammu and Kashmir Bank Ltd is Undervalued by 24%. What is intrinsic value? J&KBANK stock price (117.27 INR) is 24% less than its Intrinsic Value (154.02 INR).

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What is the share price target of Bank of India in 2024? ›

Bank of India Share Price Target 2024

Months	Target Prices
May	156.27
June	189.48
July	189.45
August	189.48

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3 days ago

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What is the final dividend after the year end? ›

A final dividend is declared at a company's annual general meeting (AGM) for a given fiscal year. This amount is calculated after all year-end financial statements are recorded and the directors are made aware of the company's profitability and financial health.

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How often does JNK pay dividends? ›

JNK Dividend Information

JNK has a dividend yield of 6.60% and paid $6.22 per share in the past year. The dividend is paid every month and the last ex-dividend date was Jun 3, 2024.

What is the profit of JK bank in 2024? ›

For the full year,net profit rose 50.04% to Rs 1771.22 crore in the year ended March 2024 as against Rs 1180.52 crore during the previous year ended March 2023. Total Operating Income rose 19.86% to Rs 11213.20 crore in the year ended March 2024 as against Rs 9355.23 crore during the previous year ended March 2023.

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What is the net worth of J&K bank? ›

Jammu & Kashmir Bank

Company type	Private
Net income	₹1,181 crore (US$140 million) (2023)
Total assets	₹145,913 crore (US$17 billion) (2023)
Owner	Government of Jammu and Kashmir
Number of employees	12,307 (2021)

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What is the result of JK bank Q3? ›

The bank's profit for 9-months has jumped 57% in Q3 to Rs 1128.60 Cr from Rs 721.05 Cr clocked during nine-months of the last financial year. For the quarter, Gross NPA Ratio of the Bank has come down to 4.84% i.e. 241 basis points (bps) YoY and 42 bps QoQ.

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