BSE: 534690 | NSE: LAKSHVILAS | Bank - Private | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that The Lakshmi Vilas Bank Ltd. - (Amalgamation) is a below average quality company.
The key valuation ratios of The Lakshmi Vilas Bank Ltd. - (Amalgamation)'s currently when compared to its past seem to suggest it is in the Undervalued zone.
No data found
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income (₹ Cr.) | 365 | 371 | 392 | 486 | 527 | 645 | 783 | 791 | 560 | 428 | 365 | |
| YoY Gr. Rt. % | - | 1.7% | 5.6% | 24% | 8.4% | 22.5% | 21.3% | 1% | -29.2% | -23.6% | - | |
| Total Income | 1,202 | 1,677 | 1,958 | 2,188 | 2,499 | 2,873 | 3,349 | 3,388 | 3,090 | 2,558 | 2,249 | |
| YoY Gr. Rt. % | - | 39.6% | 16.7% | 11.8% | 14.2% | 15% | 16.6% | 1.2% | -8.8% | -17.2% | - | |
| Adj EPS (₹ ) | 7.2 | 7.6 | 6.5 | 4.3 | 6.9 | 9.3 | 12.4 | -22.9 | -28 | -24.8 | -22.3 | |
| YoY Gr. Rt. % | - | 5.8% | -14.6% | -34.8% | 61.2% | 36.1% | 33.2% | -284.1% | NA | NA | - | |
| BVPS (₹ ) | 57.8 | 62.7 | 66.7 | 69.6 | 76.5 | 82.3 | 95.1 | 84.2 | 53.3 | 31.1 | 16.1 | |
| YoY Gr. Rt. % | - | 8.3% | 6.5% | 4.3% | 10% | 7.6% | 15.6% | -11.5% | -36.7% | -41.6% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.9 | 0.7 | 0.5 | 0.3 | 0.6 | 0.7 | 0.8 | -1.6 | -2.4 | -2.9 | -3.2 | |
| To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net NPA to Net Advances (%) | 0.9 | 1.7 | 2.4 | 3.4 | 1.9 | 1.2 | 1.8 | 5.7 | 7.5 | 10 | 7 | |
| To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Capital Adequacy Ratio (%) | - | - | - | - | - | - | - | - | - | - | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 1.8% | -4.1% | -18.2% | -23.6% | ||||
| Total Income | 8.8% | 0.5% | -8.6% | -17.2% | ||||
| Adj EPS | -214.7% | -229.4% | -226% | NA | ||||
| BVPS | -6.7% | -16.5% | -31.1% | -41.6% | ||||
| Share Price | -20.8% | -18.3% | - | - | ||||
| RATIOS \ YEARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Earned / Total Income | 88.6 | 90.58 | 89.93 | 90.69 | 88.63 | 89.4 | 84.99 | 89.76 | 91.9 | 86.27 | 81.7 | |
| Margins | To view Margins Colour Rating Guide click here ⓘ | |||||||||||
| NIM (%) | 2.9 | 2.4 | 2.3 | 2.4 | 2.2 | 2.3 | 2.3 | 2.1 | 1.8 | 2 | 1.5 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 13 | 12.7 | 10.1 | 6.2 | 10.8 | 11.7 | 14.4 | -28.4 | -46.4 | -60.8 | -138.6 | |
| Liquidity Ratio | To view Liquidity Ratio Colour Rating Guide click here ⓘ | |||||||||||
| CASA (%) | 18.8 | 14.9 | 14.5 | 14.2 | 16.7 | 17.4 | 19.1 | 21.1 | 25.7 | 26.6 | - | |
No data to display
Return on Equity has declined versus last 3 years average to %
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -22.3 | - |
| TTM Sales (₹ Cr.) | 1,838 | - |
| BVPS (₹.) ⓘ | 16.1 | - |
| Reserves (₹ Cr.) ⓘ | 205 | - |
| P/BV ⓘ | 0.48 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 6.95 / 7.65 |
| All Time Low / High (₹) | 6.95 / 194.70 |
| Market Cap (₹ Cr.) | 258 |
| Equity (₹ Cr.) | 336.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 17.7 |
| Pledged * | 36.19 | 37.47 | 32.56 | 34.55 | 33.88 | 31.36 | 35.02 | 34.91 | 34.91 | 34.91 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 1,201.85 | 1,677.18 | 1,957.61 | 2,187.54 | 2,498.56 | 2,872.83 | 3,349.43 | 3,388.43 | 3,090.21 | 2,558.03 |
| Interest Income | 1,064.84 | 1,519.26 | 1,760.55 | 1,983.95 | 2,214.53 | 2,568.30 | 2,846.66 | 3,041.62 | 2,839.89 | 2,206.69 |
| Other Income ⓘ | 137.02 | 157.93 | 197.07 | 203.59 | 284.03 | 304.53 | 502.77 | 346.81 | 250.32 | 351.34 |
| Expenditure | 1,100.71 | 1,570.16 | 1,866.04 | 2,127.89 | 2,366.28 | 2,692.60 | 3,093.35 | 3,973.30 | 3,984.31 | 3,394.07 |
| Interest Expense | 699.84 | 1,148.03 | 1,368.55 | 1,497.94 | 1,687.88 | 1,922.99 | 2,064 | 2,251.02 | 2,279.75 | 1,778.96 |
| Operating Expenses | 228.15 | 293.71 | 337.92 | 380.61 | 442.28 | 542.71 | 651.37 | 782.03 | 822.43 | 794.52 |
| Provisions | 172.72 | 128.42 | 159.57 | 249.34 | 236.12 | 226.89 | 377.98 | 940.24 | 882.13 | 820.59 |
| Profit Before Tax | 124.14 | 126.02 | 137.77 | 40.41 | 188.21 | 230.24 | 380.07 | -950.78 | -1,288.53 | -1,162.05 |
| Taxes | 23 | 19 | 46.20 | -19.25 | 55.92 | 50 | 124 | -365.91 | -394.43 | -326.01 |
| Profit After Tax | 101.14 | 107.02 | 91.57 | 59.66 | 132.29 | 180.24 | 256.07 | -584.87 | -894.10 | -836.04 |
| Adjusted EPS (₹) | 7.21 | 7.63 | 6.52 | 4.25 | 6.85 | 9.32 | 12.41 | -22.85 | -27.95 | -24.83 |
| Dividend Payout Ratio (%) | 24% | 32% | 32% | 16% | 27% | 30% | 20% | 0% | 0% | 0% |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 97.53 | 97.53 | 97.54 | 97.56 | 179.17 | 179.46 | 191.45 | 255.99 | 319.90 | 336.71 |
| Total Reserves ⓘ | 794.91 | 860.84 | 916.80 | 956.04 | 1,376.98 | 1,584.13 | 1,940.39 | 2,065.47 | 1,565.43 | 889.13 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deposits | 11,149.51 | 14,114.14 | 15,618.98 | 18,572.88 | 21,964.21 | 25,430.96 | 30,553.35 | 33,309.48 | 29,279.44 | 21,443.19 |
| Borrowings ⓘ | 725.11 | 580 | 480 | 458.10 | 458.10 | 723.01 | 1,773.13 | 4,012.78 | 921.26 | 755.70 |
| Other Liabilities | 534.13 | 591.06 | 553.36 | 568.48 | 726.98 | 814.60 | 786.40 | 785.50 | 960.13 | 996.78 |
| Total Liabilities ⓘ | 13,301.18 | 16,243.57 | 17,666.68 | 20,653.06 | 24,705.44 | 28,732.16 | 35,244.72 | 40,429.23 | 33,046.16 | 24,421.52 |
Assets | ||||||||||
| Balance with RBI | 943.61 | 810.02 | 728.15 | 1,192.08 | 1,143.44 | 1,286.50 | 1,454.80 | 1,698.17 | 1,654.07 | 1,047.80 |
| Balance with Banks | 82.96 | 36.73 | 143.80 | 119.60 | 175.28 | 82.11 | 169.07 | 316.79 | 515.04 | 792.32 |
| Investments ⓘ | 3,518.85 | 4,395.12 | 4,324.55 | 5,688.68 | 6,051.16 | 6,545.40 | 8,651.73 | 10,767.75 | 8,430.17 | 5,383.83 |
| Advances | 8,094.42 | 10,188.68 | 11,702.80 | 12,889.19 | 16,352.02 | 19,643.74 | 23,728.91 | 25,768.20 | 20,103.26 | 13,827.89 |
| Net Block ⓘ | 179.13 | 189.21 | 189.82 | 200.51 | 243.41 | 367 | 359.12 | 402.45 | 469.95 | 463.42 |
| Other Assets | 482.22 | 623.82 | 577.57 | 562.99 | 740.13 | 807.41 | 881.08 | 1,475.86 | 1,873.67 | 2,906.25 |
| Total Assets ⓘ | 13,301.18 | 16,243.57 | 17,666.68 | 20,653.06 | 24,705.44 | 28,732.16 | 35,244.72 | 40,429.23 | 33,046.16 | 24,421.52 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 281.43 | -360.37 | 86.21 | 503.97 | -335.06 | 110.57 | 227.07 | -131.50 | -170.60 | -424.99 |
| Cash Flow From Investing Activity ⓘ | -52.85 | -35.21 | -27.52 | -35.59 | -58.77 | -67.48 | -39.96 | -102.36 | -117.25 | -76.80 |
| Cash Flow From Financing Activity ⓘ | -35.81 | 215.76 | -33.48 | -28.64 | 400.87 | 6.80 | 68.16 | 624.95 | 442 | 172.81 |
| Net Cash Flow ⓘ | 192.77 | -179.82 | 25.21 | 439.74 | 7.03 | 49.89 | 255.27 | 391.09 | 154.15 | -328.99 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 10 | 11 | 9 | 6 | 7 | 10 | 13 | -23 | -28 | -25 |
| DPS (₹) | 3 | 4 | 3 | 1 | 2 | 3 | 3 | 0 | 0 | 0 |
| BVPS (₹) | 83 | 90 | 96 | 100 | 82 | 89 | 103 | 84 | 53 | 31 |
Margin Ratios | ||||||||||
| Yield on Advances (%) | 13.2 | 14.9 | 15.0 | 15.4 | 13.5 | 13.1 | 12.0 | 11.8 | 14.1 | 16.0 |
| Yield on Investments (%) | 6.8 | 7.5 | 8.5 | 7.1 | 8.8 | 8.8 | 9.7 | 7.0 | 7.7 | 11.4 |
| Cost of Liabilities (%) | 5.9 | 7.8 | 8.5 | 7.9 | 7.5 | 7.4 | 6.4 | 6.0 | 7.6 | 8.0 |
| NIM (%) | 2.9 | 2.4 | 2.3 | 2.4 | 2.2 | 2.3 | 2.3 | 2.1 | 1.8 | 2.0 |
| Interest Spread (%) | 7.3 | 7.1 | 6.5 | 7.5 | 6.0 | 5.7 | 5.6 | 5.8 | 6.6 | 7.9 |
Performance Ratios | ||||||||||
| ROA (%) | 0.9 | 0.7 | 0.5 | 0.3 | 0.6 | 0.7 | 0.8 | -1.6 | -2.4 | -2.9 |
| ROE (%) | 13.0 | 12.7 | 10.1 | 6.2 | 10.8 | 11.7 | 14.4 | -28.4 | -46.4 | -60.8 |
| ROCE (%) | 11.7 | 13.5 | 13.7 | 7.1 | 14.2 | 14.2 | 15.8 | -13.4 | -24.3 | -45.2 |
Efficiency Ratios | ||||||||||
| Cost to Income Ratio (%) | 45.5 | 55.5 | 57.4 | 55.2 | 54.6 | 57.1 | 50.7 | 68.8 | 101.5 | 102.0 |
| Operating Costs to Assets (%) | 1.7 | 1.8 | 1.9 | 1.8 | 1.8 | 1.9 | 1.9 | 1.9 | 2.5 | 3.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.2 | 1.0 | 0.9 | 0.7 | 1.2 | 0.9 | 1.6 | 1.2 | 1.3 | 0.4 |
Lakshmi Vilas Bank (LVB) was founded eight decades ago in 1926 by seven people of Karur under the leadership of VSN Ramalinga Chettiar, mainly to cater to the financial needs of varied customer segments. The bank was incorporated on November 03, 1926 under the Indian companies act, 1913 and obtained the certificate to commence business on November 10, 1926, the bank obtained its license from Reserve Bank of India (RBI) in June 1958 and in August 1958 it became a scheduled commercial bank.
During 1961-65 LVB took over nine banks and raised its branch network considerably. To meet the emerging challenges in the competitive business world, the bank started expanding its boundaries beyond Tamil Nadu from 1974 by opening branches in the neighboring states of Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West Bengal, Uttar Pradesh, Delhi and Pondicherry.
Mechanization was introduced in the head office of the bank as early as 1977. At present, with a network of 249 branches, 3 satellite branches and 6 extension counters, spread over 14 states and the union territory of Pondicherry, the bank’s focus is on customer delight, by maintaining high standards of customer service and amidst all these new challenges, the bank is progressing admirably. LVB has a strong and wide base in the state of Tamil Nadu, one of the progressive states in the country, which is politically stable and has a vibrant industrial environment. LVB has been focusing on retail banking, corporate banking and bank assurance.
The bank’s business crossed Rs. 12,606 crores as on March 31, 2009. The bank earned a net profit of Rs. 50.30 crores. The net owned fund of the bank reaches Rs 453.70 crore. With a fairly good quality of loan assets the net NPA of the bank was pegged at 1.24 % as on March 31, 2009.
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