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CSB Bank Limited (CSBBANK.NS)

National Stock Exchange of India Financial Services Banks - RegionalView data quality →
49.2Fair

ValueMarkers Composite Index

Top 26%#33,282 of 44,707
Undervalued

40% below intrinsic value ($8)

UndervaluedFair ValueOvervalued
Piotroski
1/9
Weak
Beneish
-5.94
Low Risk
Altman
-0.54
Distress
DCF Value
$8
Undervalued
ROIC
6.0%
Low
P/E
11.3
Value
Updated: ·Source: Data sourced from SEC filings and institutional providers. Not financial advice.·Report data issue

CSB Bank Limited (CSBBANK.NS) — VMCI valuation read

Headline read on CSBBANK.NS: VMCI of 49/100 versus a Financial Services sector median of 50. The 1-point below-median position is what makes CSB Bank Limited a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on CSBBANK.NS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on CSBBANK.NS: value (CSBBANK.NS trades at 27.0x earnings, 50% above the Financial Services median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of -0.6x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.

CSBBANK.NS fell 3.4% over the trailing 7 days, with a -11.4% read on a 30-day basis.

CSB Bank Limited provides various banking products and services for small and medium enterprises, retail, and NRI customers in India. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company accepts various deposits products that include savings accounts, NR accounts, fixed deposits, recurring deposits, corporate salary, and current accounts, as well as products for NRI customers; personal and business loans, including loans against gold jewelry, two wheeler and motor vehicle loans, housing loans, loan against property and overdrafts on mortgage/hypothecation/pledge, small business loans, and agricultural loans; and microfinance. It also offers demat services; banking services to financial institutions, such as non-banking financial companies, banks, insurance companies, mutual funds, brokers, etc.; cash management and trade finance services; digital banking services; statutory reserves and asset liability management, liquidity management, investment and securities trading, and money market and foreign exchange services; sovereign debt instruments investment services; commercial papers, mutual funds, certificates of deposits, bonds, and debentures; remittance services; life and non-life insurances; and payment services, as well as debit cards. In addition, it provides agri-banking services; and corporate lending services. As of March 31, 2021, the company operated 518 branches, which included 3 service branches, 3- asset recovery branches, and 318 ATMs. The company was formerly known as The Catholic Syrian Bank Limited and changed its name to CSB Bank Limited in June 2019. CSB Bank Limited was incorporated in 1920 and is headquartered in Thrissur, India.

CEO: Pralay Mondal7,860 employeesINwww.csb.co.in

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