CSB Bank
CSBBANK NSE
CSB Bank
BanksNSE: CSBBANK BSE: 542867 Private Bank
Key Fundamentals
MicrocapPrivate BankBanksMarket Cap
₹5,293 Cr
Volatility
Moderate
P/E Ratio
7.98
EBITDA
₹959 Cr
Return on Equity
12.94%
Debt to Equity
0
Book Value
₹272.26
EPS
₹31.58
52W High
₹574.4
52W Low
₹306.2
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 1.08 times its book value
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.10,690 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1,161 Cr.
- Promoter holding has decreased over last 3 years: -9.72%
Growth Rate
Revenue Growth
24.35% lower than
3Y
Net Income Growth
6.64% higher than
3Y
Cash Flow Change
94.03% higher than
3Y
ROE
-1.97% lower than
3Y
ROCE
3.11% higher than
3Y
EBITDA Margin (Avg.)
0.44% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoAI opinion · based on fundamentals
Risk high
CSB Bank Ltd trades at a market cap of Rs.6,081 Cr with a PE of 9.6x and PB of 1.29x. The bank has delivered 25% TTM revenue growth and maintains a 3-year average ROE of 15%, but its stock has declined 15% over the past year and the bank pays no dividend despite consistent profitability.
Bull Case 7
- Strong revenue growth with TTM compounded sales growth at 25% and 3-year CAGR also at 25%, indicating sustained business momentum
- Attractive valuation with PE ratio of 9.6x, well below the banking sector median, suggesting the stock is priced conservatively relative to earnings
- Price-to-book ratio of 1.29x is modest for a bank delivering double-digit ROE, offering potential value
- Consistent profitability with 5-year compounded profit CAGR of 24% and 10-year profit CAGR of 20%, demonstrating long-term earnings trajectory
- 3-year ROE of 15% and 5-year ROE of 16% reflect efficient capital utilization sustained over multiple years
- 5-year compounded sales CAGR of 19% shows the bank has been growing meaningfully even on a longer timeframe
- Market cap of Rs.6,081 Cr positions it as a small-cap bank with potential for re-rating if growth sustains
Bear Case 8
- No dividend paid despite repeated profitability, raising questions about capital allocation and shareholder returns
- Promoter holding has decreased by 9.72% over the last 3 years, signaling potential lack of promoter confidence or dilution
- Contingent liabilities of Rs.7,445 Cr exceed the bank's market cap of Rs.6,081 Cr, representing a significant off-balance-sheet risk
- Low interest coverage ratio indicates vulnerability to interest rate movements and potential stress on debt servicing
- Other income of Rs.1,177 Cr forms a material portion of earnings, suggesting core operating income may be overstated
- Possible capitalization of interest cost raises concerns about true expense recognition and asset quality reporting
- Stock has declined 15% over the past 1 year and delivered 0% CAGR over 5 years, reflecting sustained market skepticism
- TTM profit growth has slowed to 7% compared to the 5-year CAGR of 24%, indicating a potential deceleration in earnings momentum
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 69d ago Positives 1
- Deposits surge 26% YoY Jul 2
CSB Bank reported total deposits of ₹45,415 crore for Q1FY27, up 26% YoY. Gold loan advances surged 47% to ₹21,906 crore, indicating strong growth in core lending.
Neutral 2
- ESOS 2026 approved for employees Jun 25
Board approved Employee Stock Option Scheme 2026 proposing up to 20,00,000 options, subject to shareholder approval.
- Analyst meeting with East Bridge Jun 12
CSB Bank held a virtual one-on-one meeting with East Bridge Capital on June 11, 2026. No unpublished price sensitive information was shared.
TL;DR: CSB Bank is demonstrating strong deposit and loan growth, with Q1FY27 deposits up 26% YoY and gold advances up 47%. No material headwinds are visible in recent news flow. The employee stock option scheme signals management confidence in retention and long-term value creation. The growth trajectory appears healthy heading into FY27, though concentration in gold loans warrants monitoring.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 683 | 687 | 762 | 795 | 832 | 865 | 919 | 981 | 1,041 | 1,109 | 1,154 | 1,201 | 1,287 |
| Expenses | 307 | 308 | 308 | 376 | 381 | 380 | 391 | 496 | 465 | 557 | 524 | 500 | 506 |
| Financing Profit | 57 | 35 | 75 | 10 | -19 | -13 | -15 | -125 | -85 | -134 | -71 | -36 | -27 |
| Fin. Margin % | 8% | 5% | 10% | 1% | -2% | -2% | -2% | -13% | -8% | -12% | -6% | -3% | -2% |
| Other Income | 120 | 143 | 125 | 197 | 172 | 199 | 219 | 381 | 245 | 349 | 276 | 306 | 229 |
| Interest | 319 | 344 | 379 | 409 | 470 | 497 | 544 | 610 | 662 | 686 | 701 | 737 | 809 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 177 | 178 | 200 | 206 | 152 | 186 | 204 | 257 | 160 | 216 | 205 | 271 | 202 |
| Tax % | 25% | 25% | 25% | 27% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% |
| Net Profit | 132 | 133 | 150 | 151 | 113 | 138 | 152 | 190 | 119 | 160 | 153 | 202 | 150 |
| EPS in Rs | 7.62 | 7.68 | 8.64 | 8.73 | 6.53 | 7.98 | 8.74 | 10.98 | 6.84 | 9.24 | 8.8 | 11.62 | 8.65 |
| Gross NPA % | 1.27% | 1.27% | 1.22% | 1.47% | 1.69% | 1.68% | 1.58% | 1.57% | 1.84% | 1.81% | 1.96% | 1.66% | 1.75% |
| Net NPA % | 0.32% | 0.33% | 0.31% | 0.51% | 0.68% | 0.69% | 0.64% | 0.52% | 0.66% | 0.52% | 0.67% | 0.4% | 0.39% |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,545 | 1,483 | 1,336 | 1,297 | 1,348 | 1,510 | 1,872 | 2,038 | 2,320 | 2,928 | 3,597 | 4,505 | 4,752 |
| Expenses | 555 | 643 | 589 | 644 | 859 | 656 | 911 | 748 | 873 | 1,244 | 1,572 | 1,938 | 2,087 |
| Financing Profit | -199 | -319 | -275 | -259 | -419 | -64 | 30 | 405 | 461 | 233 | -96 | -218 | -267 |
| Fin. Margin % | -13% | -22% | -21% | -20% | -31% | -4% | 2% | 20% | 20% | 8% | -3% | -5% | -6% |
| Other Income | 127 | 105 | 281 | 125 | 136 | 222 | 303 | 247 | 316 | 584 | 972 | 1,177 | 1,161 |
| Interest | 1,189 | 1,159 | 1,023 | 912 | 908 | 918 | 931 | 885 | 986 | 1,451 | 2,121 | 2,785 | 2,932 |
| Depreciation | 11 | 14 | 15 | 16 | 17 | 24 | 41 | 38 | 43 | 56 | 76 | 107 | 0 |
| PBT | -82 | -228 | -9 | -149 | -300 | 134 | 293 | 614 | 734 | 761 | 800 | 851 | 893 |
| Tax % | -35% | -34% | -117% | -35% | -34% | 90% | 25% | 25% | 25% | 26% | 26% | 26% | — |
| Net Profit | -53 | -150 | 2 | -97 | -197 | 13 | 218 | 458 | 547 | 567 | 594 | 633 | 665 |
| EPS in Rs | -8.81 | -20.88 | 0.19 | -12.04 | -22.98 | 0.73 | 12.59 | 26.43 | 31.55 | 32.67 | 34.23 | 36.5 | 38.31 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 72 | 81 | 81 | 86 | 174 | 174 | 174 | 174 | 174 | 174 | 174 |
| Reserves | 828 | 821 | 918 | 808 | 1,346 | 1,787 | 2,007 | 2,478 | 3,030 | 3,630 | 4,324 | 4,721 |
| Borrowing | 45 | 42 | 42 | 42 | 0 | 794 | 1,426 | 2,007 | 783 | 1,757 | 5,546 | 7,154 |
| Deposits | 14,474 | 14,438 | 14,912 | 14,691 | 15,124 | 15,791 | 19,140 | 20,188 | 24,506 | 29,719 | 36,861 | 44,246 |
| Other Liabilities | 351 | 279 | 271 | 249 | 356 | 319 | 591 | 509 | 670 | 776 | 931 | 1,432 |
| Total Liabilities | 15,760 | 15,652 | 16,223 | 15,870 | 16,911 | 18,864 | 23,337 | 25,356 | 29,162 | 36,056 | 47,836 | 57,727 |
| Fixed Assets | 175 | 215 | 215 | 216 | 218 | 253 | 269 | 288 | 319 | 406 | 450 | 708 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179 | 2 |
| Investments | 4,427 | 5,987 | 5,762 | 4,114 | 4,028 | 5,360 | 6,126 | 7,012 | 5,849 | 7,551 | 11,389 | 11,955 |
| Other Assets | 11,158 | 9,450 | 10,246 | 11,540 | 12,666 | 13,251 | 16,942 | 18,057 | 22,994 | 28,099 | 35,818 | 45,061 |
| Total Assets | 15,760 | 15,652 | 16,223 | 15,870 | 16,911 | 18,864 | 23,337 | 25,356 | 29,162 | 36,056 | 47,836 | 57,727 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -356 | -166 | 395 | 27 | -893 | -1,109 | 1,374 | -852 | 2,211 | 1,783 | -5,256 | -314 |
| Investing | -16 | -13 | -17 | -18 | -22 | -235 | -1,231 | 131 | -724 | -1,439 | 1,904 | -790 |
| Financing | 97 | 106 | 106 | -5 | 674 | 1,310 | 632 | 581 | -1,224 | 974 | 3,789 | 1,608 |
| Net Cash Flow | -276 | -72 | 485 | 4 | -242 | -34 | 775 | -140 | 263 | 1,318 | 437 | 505 |
| Free Cash Flow | -372 | -178 | 378 | 9 | -915 | -1,153 | 1,318 | -908 | 2,137 | 1,667 | -5,555 | -502 |
| CFO/OP | -36 | -19 | 53 | 4 | -181 | -127 | 142 | -58 | 165 | 119 | -249 | -3 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | -7% | -17% | 0% | -10% | -17% | 1% | 11% | 19% | 19% | 16% | 14% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view CSB Bank insights
63 extracted metrics + investor summaries across FY15–FY27.
Documents
1
Clarification sought from CSB Bank Ltd
8 Sep - Exchange has sought clarification from CSB Bank Ltd on September 8, 2026, with reference to news appeared in https://economictimes.indiatimes.com/ dated September 8, 2026, quoting "Fairfax … 8 Sep - Exchange has sought clarification from CSB Bank Ltd on September 8, 2026, with reference to news appeared in https://economictimes.indiatimes.com/ dated September 8, 2026, quoting "Fairfax …
2
Outcome Of Board Meeting Held On Monday, May 11, 2026 - Appointment Of Senior Management Personnel
13h - CSB Bank appoints D. Lakshmi Narayanan as Head–Operations from June 18, 2026. 13h - CSB Bank appoints D. Lakshmi Narayanan as Head–Operations from June 18, 2026.
3
Announcement under Regulation 30 (LODR)-Change in Management
13h - Board appoints D Lakshmi Narayanan as Head-Operations from June 18, 2026; incumbent continues until May 31, 2027. 13h - Board appoints D Lakshmi Narayanan as Head-Operations from June 18, 2026; incumbent continues until May 31, 2027.
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9h - CSB Bank held Q4 FY2026 earnings call; FY2026 net profit rose 7% to Rs.633 crore. 9h - CSB Bank held Q4 FY2026 earnings call; FY2026 net profit rose 7% to Rs.633 crore.
5
Transfer Of Equity Shares From CSB ESOS Trust
8 May - CSB ESOS Trust transferred 40,210 equity shares to five grantees on May 8, 2026. 8 May - CSB ESOS Trust transferred 40,210 equity shares to five grantees on May 8, 2026.
Frequently Asked Questions about CSB Bank
What does CSB Bank Ltd do?
CSB Bank (formerly The Catholic Syrian Bank Ltd) is engaged in the business of banking Services ,oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala , Bank focus on SME, retail, and NRI customers.(Source : Company Web-site )
Where is CSB Bank Ltd (CSBBANK) listed?
CSB Bank Ltd trades as CSBBANK on the NSE and under code 542867 on the BSE.
Which sector does CSB Bank Ltd belong to?
CSB Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the market capitalisation of CSB Bank Ltd?
CSB Bank Ltd has a market capitalisation of ₹5,293 Cr, which places it in the Mid Cap band.
What is the PE ratio of CSB Bank Ltd?
CSB Bank Ltd trades at a PE ratio of 7.98, on earnings per share of ₹31.58, against a book value of ₹272.26 per share.
What is the 52-week high and low of CSB Bank Ltd?
Over the last 52 weeks CSB Bank Ltd has traded between ₹306.2 and ₹574.4.
What is the Return on Equity (ROE) of CSB Bank Ltd?
CSB Bank Ltd reported a return on equity of 12.94%. Its debt-to-equity ratio is 0.00.
Company Information
CSB Bank (formerly The Catholic Syrian Bank Ltd) is engaged in the business of banking Services ,oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala , Bank focus on SME, retail, and NRI customers.(Source : Company Web-site )
Website csb.co.in
CEO Mr. Pralay Mondal
Employees 7,614
Listed 2019-12-04
Face Value ₹ 10
Issued Size 17,34,85,827
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