Central Bank of India

Central Bank of India's npls (as % of loans) fell 10.2% to 19.3% in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India's non-performing loans reached 19.3% of total loans at the end of 2018, down from 21.5% compared to the pre...

Central Bank of India's net profit fell 9.29% to INR -56.2 bil in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India made a net profit of INR -56.2 bil under revenues of INR 92.3 bil in 2018, up -9.29% and 0.546% respectively co...

Central Bank of India's capital adequacy ratio rose 6.31% to 9.61% in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India's capital adequacy ratio reached 9.61% at the end of 2018, up from compared to the previous year. Hist...

Profit Statement 2016 2017 2018
Net Interest Income INR bil 66.1 65.6 68.1
Fee Income (As % Of Revenues) % 9.84 13.8 13.1
Other Income INR bil 19.4 13.5 12.1
Total Revenues INR bil 94.8 91.8 92.3
Staff Cost INR bil 0 0 0
Operating Profit INR bil 31.0 27.5 31.5
Provisions INR bil 55.4 78.5 87.8
Net Profit INR bil -24.6 -51.4 -56.2
Balance Sheet 2016 2017 2018
Interbank Loans INR bil 37.1 32.6 105
Customer Loans INR bil 1,405 1,575 1,474
Debt Securities INR bil 918 1,023 1,250
Total Assets INR bil 3,347 3,273 3,319
Shareholders' Equity INR bil 182 183 194
Interbank Borrowing INR bil 0 0 0
Customer Deposits INR bil 2,973 2,954 3,003
Issued Debt Securities INR bil 104 67.2 62.9
Ratios 2016 2017 2018
ROE % -13.4 -28.2 -29.8
ROA % -0.767 -1.55 -1.70
Costs (As % Of Assets) % 1.99 1.94 1.84
Costs (As % Of Income) % 67.3 70.0 65.9
Capital Adequacy Ratio % 11.0 9.04 9.61
Net Interest Margin % 2.06 1.98 2.07
Loans (As % Of Deposits) % 47.2 53.3 49.1
NPLs (As % Of Loans) % 17.9 21.5 19.3
Provisions (As % Of NPLs) % 43.5 51.4 61.6
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 2,957 2,973 2,067
Share Price (End Of Period) INR 110 97.7 51.6
Price/Earnings (P/E) ... ... ...
Price/Book Value (P/BV) 1.10 1.04 0.742
Earnings Per Share (EPS) INR -13.5 -26.5 -20.1
Book Value Per Share INR 99.8 94.2 69.6

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summary Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                  
Net Interest Income INR bil                     57.6 68.7 -9.75 72.9 66.1    
Total Revenues INR bil                     74.3 88.0 9.26 91.5 94.8    
Operating Profit INR bil                     31.9 22.7 6.18 72.6 31.0    
Net Profit INR bil                     10.7 -12.1 6.66 -14.0 -24.6    
balance sheet                                  
Interbank Loans INR bil                     5.32 4.60 7.22 15.0 37.1    
Customer Loans INR bil                     1,723 1,778 1,891 1,809 1,405    
Debt Securities INR bil                     723 863 957 891 918    
Total Assets INR bil                     2,687 2,901 3,128 3,066 3,347    
Shareholders' Equity INR bil                     156 131 178 185 182    
Interbank Borrowing INR bil                     0 0 0 0 0    
Customer Deposits INR bil                     2,262 2,403 2,559 2,667 2,973    
Issued Debt Securities INR bil                     191 221 261 95.0 104    
ratios                                  
ROE %                     7.56 -8.47 4.32 -7.69 -13.4    
ROA %                     0.428 -0.434 0.221 -0.451 -0.767    
Costs (As % Of Assets) %                     1.70 2.34 0.102 0.609 1.99    
Costs (As % Of Income) %                     57.0 74.3 33.2 20.6 67.3    
Capital Adequacy Ratio %               ... ... ... ... ... 10.9 10.4 11.0    
Net Interest Margin %                     2.31 2.46 -0.323 2.35 2.06    
Interest Income (As % Of Revenues) %                     77.4 78.0 -105 79.6 69.7    
Fee Income (As % Of Revenues) %                     11.0 9.33 95.4 9.96 9.84    
Staff Cost (As % Of Total Cost) %                     6.16 5.16 26.9 0 0    
Equity (As % Of Assets) %                     5.79 4.51 5.68 6.05 5.45    
Loans (As % Of Deposits) %                     76.2 74.0 73.9 67.8 47.2    
Loans (As % Assets) %                     64.1 61.3 60.5 59.0 42.0    
NPLs (As % Of Loans) % ... ... ...               4.91 4.21 6.28 12.6 17.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...       ... ... ... ... 43.5    
valuation                                  
Market Capitalisation (End Of Period) USD mil ... ... ... ... ...           1,272 1,089 2,804 1,892 2,957    
Number Of Shares (Average) mil                     768 1,350 1,422 1,658 1,827    
Share Price (End Of Period) INR ... ... ... ... ...           90.7 49.9 124 75.7 110    
Earnings Per Share (EPS) INR                     13.9 -8.99 4.69 -8.42 -13.5    
Book Value Per Share INR                     203 96.8 125 112 99.8    
Price/Earnings (P/E) ... ... ... ... ...           6.53 ... 26.5 ... ... ... ...
Price/Book Value (P/BV) ... ... ... ... ...           0.448 0.515 0.995 0.677 1.10    
Earnings Per Share Growth % ...                   46.0 -165 -152 -280 59.8    
Book Value Per Share Growth % ...                   2.92 -52.2 29.1 -10.5 -10.7    
income statement Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                  
Interest Income INR bil                     219 244 264 259 248    
Interest Cost INR bil                     161 176 274 186 182    
Net Interest Income INR bil                     57.6 68.7 -9.75 72.9 66.1    
Net Fee Income INR bil                     8.16 8.22 8.83 9.11 9.32    
Other Income INR bil                     8.61 11.1 10.2 9.52 19.4    
Total Revenues INR bil                     74.3 88.0 9.26 91.5 94.8    
Staff Cost INR bil                     2.61 3.38 0.829 0 0    
Operating Cost INR bil                     42.4 65.4 3.08 18.9 63.8    
Operating Profit INR bil                     31.9 22.7 6.18 72.6 31.0    
Provisions INR bil                     21.6 32.8 0 0 55.4    
Extra and Other Cost INR bil                     0.006 -0.422 -0.521 -0.146 0.155    
Pre-Tax Profit INR bil                     10.3 -9.76 6.70 72.8 -24.6    
Tax INR bil                     0 2.34 0 86.7 0    
Minorities INR bil                     0.041 0.040 0.043 0.048 0.026    
Net Profit INR bil                     10.7 -12.1 6.66 -14.0 -24.6    
growth rates                                  
Net Interest Income Growth % ...                   11.1 19.4 -114 -847 -9.32    
Net Fee Income Growth % ...                   22.5 0.665 7.49 3.19 2.31    
Total Revenue Growth % ...                   12.7 18.4 -89.5 888 3.59    
Operating Cost Growth % ...                   16.4 54.2 -95.3 513 238    
Operating Profit Growth % ...                   8.27 -29.0 -72.7 1,075 -57.3    
Pre-Tax Profit Growth % ...                   32.2 -195 -169 986 -134    
Net Profit Growth % ...                   74.0 -214 -155 -310 76.1    
market share                                  
Market Share in Revenues % ... ... ... ... ... ... ... ... ...   3.15 3.26 0.305 2.72 2.36   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ...   1.80 ... 1.22 ... ... ... ...
balance sheet Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                  
Cash INR bil                     136 119 141 141 751    
Interbank Loans INR bil                     5.32 4.60 7.22 15.0 37.1    
Customer Loans INR bil                     1,723 1,778 1,891 1,809 1,405    
Debt Securities INR bil                     723 863 957 891 918    
Fixed Assets INR bil                     26.9 28.1 28.4 43.7 43.0    
Total Assets INR bil                     2,687 2,901 3,128 3,066 3,347    
Shareholders' Equity INR bil                     156 131 178 185 182    
Of Which Minority Interest INR bil                     0.271 0.308 0.327 0.351 0.346    
Liabilities INR bil                     2,531 2,770 2,950 2,881 3,164    
Interbank Borrowing INR bil                     0 0 0 0 0    
Customer Deposits INR bil                     2,262 2,403 2,559 2,667 2,973    
Sight Deposits INR bil                     145 135 132 119 132    
Issued Debt Securities INR bil                     191 221 261 95.0 104    
Other Liabilities INR bil                     78.0 145 130 119 87.7    
asset quality                                  
Non-Performing Loans INR bil ... ... ...               84.6 115 119 227 273    
Gross Loans INR bil                     1,723 2,729 1,891 1,809 1,523    
Total Provisions INR bil ... ... ... ... ... ... ...       ... ... ... ... 119    
growth rates                                  
Customer Loan Growth % ...                   16.7 3.15 6.36 -4.32 -22.4    
Total Asset Growth % ...                   16.7 7.97 7.82 -1.96 9.16    
Shareholders' Equity Growth % ...                   22.7 -16.0 35.9 4.36 -1.60    
Customer Deposit Growth % ...                   15.3 6.24 6.49 4.20 11.5    
market share                                  
Market Share in Customer Loans % ... ...                 3.12 2.77 2.66 2.27 1.70   ...
Market Share in Total Assets %                     3.09 2.87 2.81 2.43 2.36   ...
Market Share in Customer Deposits %                     3.59 3.34 3.14 2.92 2.79   ...
ratios Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                  
ROE %                     7.56 -8.47 4.32 -7.69 -13.4    
ROA %                     0.428 -0.434 0.221 -0.451 -0.767    
Costs (As % Of Assets) %                     1.70 2.34 0.102 0.609 1.99    
Costs (As % Of Income) %                     57.0 74.3 33.2 20.6 67.3    
Capital Adequacy Ratio %               ... ... ... ... ... 10.9 10.4 11.0    
Tier 1 Ratio %               ... ... ... ... ... ... ... ... ...  
Net Interest Margin %                     2.31 2.46 -0.323 2.35 2.06    
Interest Spread % ...                   1.92 2.12 -0.814 1.98 1.72    
Asset Yield %                     8.78 8.75 8.77 8.36 7.73    
Cost Of Liabilities % ...                   6.86 6.63 9.59 6.38 6.01    
Interest Income (As % Of Revenues) %                     77.4 78.0 -105 79.6 69.7    
Fee Income (As % Of Revenues) %                     11.0 9.33 95.4 9.96 9.84    
Other Income (As % Of Revenues) %                     11.6 12.6 110 10.4 20.5    
Staff Cost (As % Of Total Cost) %                     6.16 5.16 26.9 0 0    
Equity (As % Of Assets) %                     5.79 4.51 5.68 6.05 5.45    
Loans (As % Of Deposits) %                     76.2 74.0 73.9 67.8 47.2    
Loans (As % Assets) %                     64.1 61.3 60.5 59.0 42.0    
NPLs (As % Of Loans) % ... ... ...               4.91 4.21 6.28 12.6 17.9    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...       ... ... ... ... 43.5    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...       ... ... ... ... 8.44    
Cost of Provisions (As % Of Loans) %                     1.35 1.88 0 0 3.45    
other data Unit 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                  
Sight (As % Of Customer Deposits) %                     6.40 5.63 5.15 4.48 4.44    

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Central Bank of India's net interest margin rose 4.32% to 2.07% in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India's net interest margin amounted to 2.07% in 2018, up from 1.98% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.62% in 2004 and an all time low of -0.323% in 2014. The averag...

Central Bank of India's net interest income rose 3.87% to INR 68.1 bil in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India generated total banking revenues of INR 92.3 bil in 2018, up 0.546% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 94.8 bil in 2016...

Central Bank of India's customer loan growth fell 153% to -6.38% in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India's customer loan growth reached -6.38% in 2018, down from 12.1% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 37.9% in 2006 and an all time low of -22.4% in 2016. In the last decade, ...

Central Bank of India's total revenues rose 0.546% to INR 91.8 bil in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India generated total banking revenues of INR 91.8 bil in 2017, down 3.16% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last ye...

Central Bank of India's customer deposits rose 1.68% to INR 2,954 bil in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India's customer deposits reached INR 2,954 bil in 2017, down 0.658% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Central Bank of India...

Central Bank of India's customer loans fell 6.38% to INR 1,575 bil in 2018

By Helgi Analytics - November 05, 2019

Central Bank of India's customer loans reached INR 1,575 bil in 2017, up 12.1% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Central Bank of India accounted...

Central Bank of India's price/earnings (P/E) rose 307% to 26.5 in 2014

By Helgi Analytics - November 05, 2019

Central Bank of India stock traded at INR 124 per share at the end 2014 implying a market capitalization of USD 2,804 mil. Since the end of 2009, the stock has depreciated by -0.246 % implying an annual average growth of -0.049 %. In absolute terms, the value of the c...

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Finance

Central Bank of India has been growing its revenues and asset by 0.952% and 2.73% a year on average in the last 5 years. Its loans and deposits have grown by -3.67% and 4.56% a year during that time and loans to deposits ratio reached 49.1% at the end of 2018. The company achieved an average return on equity of -14.9% in the last five years with net profit growing 35.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 65.9% in 2018, compared to 51.4% average in the last five years.

Equity represented 5.86% of total assets or 13.2% of loans at the end of 2018. Central Bank of India's non-performing loans were 19.3% of total loans while provisions covered some 61.6% of NPLs at the end of 2018.

Valuation

Central Bank of India stock traded at INR 51.6 per share at the end of 2018 resulting in a market capitalization of USD 2,067 mil. Over the previous five years, stock price rose by 3.57% or 0.704% a year on average. That’s compared to an average ROE of -14.9% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 0.742x in 2018.