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CSB Bank Ltd.
(CSBBANK)
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Rating:61Neutral
Price Target:
₹342.00
▼(-32.42% Downside)
Action:Reiterated
Date:05/06/26
The score is primarily driven by solid underlying growth and profitability, tempered by higher leverage and uneven cash-flow consistency. Technical indicators are mostly neutral-to-soft versus longer-term moving averages, while valuation appears reasonable at a ~13.0 P/E.
Positive Factors
Revenue Growth
Sustained, accelerating revenue growth indicates durable demand and expanding client penetration across retail and business segments. Over 2-6 months this momentum supports scale economics, preserves pricing power on core products, and provides a base to invest in digital channels and risk management.
Negative Factors
Rising Leverage
A materially higher debt-to-equity ratio signals a more aggressive capital structure and reduces financial flexibility. Over months this elevates refinancing and interest-rate risks, constrains capacity to absorb credit stress, and could force retention of earnings rather than dividend or growth investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, accelerating revenue growth indicates durable demand and expanding client penetration across retail and business segments. Over 2-6 months this momentum supports scale economics, preserves pricing power on core products, and provides a base to invest in digital channels and risk management.
Read all positive factors
CSB Bank Ltd. (CSBBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹62.54B
Dividend YieldN/A
Average Volume (3M)27.12K
Price to Earnings (P/E)9.9
Beta (1Y)0.66
Revenue Growth24.35%
EPS Growth6.65%
CountryIN
Employees7,860
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)36.50
Shares Outstanding173,485,820
10 Day Avg. Volume18,608
30 Day Avg. Volume27,116
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)1.21
Price to Sales (P/S)1.04
P/FCF Ratio6.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)46.57
Revenue Forecast (FY)₹37.24B
CSB Bank Ltd. Business Overview & Revenue Model
Company Description
CSB Bank Limited is an Indian financial institution offering a broad spectrum of banking solutions to small and medium-sized businesses, individual retail clients, and non-resident Indian (NRI) customers. Its operations are structured across four ...
How the Company Makes Money
CSB Bank primarily makes money through (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest received on earning assets (such as retail and business loans, and investment securities) an...
CSB Bank Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 56.82B | 45.69B | 35.12B | 26.35B | 22.85B |
| Gross Profit | 26.63B | 24.48B | 20.61B | 16.50B | 14.00B |
| EBITDA | 9.58B | 8.76B | 8.17B | 7.77B | 6.52B |
| Net Income | 6.33B | 5.94B | 5.67B | 5.47B | 4.58B |
Balance Sheet | |||||
| Total Assets | 577.27B | 478.36B | 360.56B | 291.62B | 253.56B |
| Cash, Cash Equivalents and Short-Term Investments | 40.97B | 36.76B | 32.92B | 4.78B | 2.03B |
| Total Debt | 71.54B | 55.46B | 17.57B | 7.83B | 21.16B |
| Total Liabilities | 528.32B | 433.39B | 322.52B | 259.59B | 227.05B |
| Stockholders Equity | 48.94B | 44.98B | 38.04B | 32.04B | 26.51B |
Cash Flow | |||||
| Free Cash Flow | 9.08B | -126.98B | 5.70B | 21.36B | -9.14B |
| Operating Cash Flow | 11.00B | -123.98B | 6.88B | 22.11B | -8.58B |
| Investing Cash Flow | -95.88B | 19.04B | -55.58B | -7.24B | 1.31B |
| Financing Cash Flow | 89.93B | 109.32B | 61.87B | 30.93B | 16.30B |
CSB Bank Ltd. Technical Analysis
Positive
506.10
Price Trends
359.34
Positive
369.93
Negative
395.18
Negative
Market Momentum
-2.61
Negative
54.06
Neutral
75.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CSBBANK, the sentiment is Positive. The current price of 506.1 is above the 20-day moving average (MA) of 353.60, above the 50-day MA of 359.34, and above the 200-day MA of 395.18, indicating a neutral trend. The MACD of -2.61 indicates Negative momentum. The RSI at 54.06 is Neutral, neither overbought nor oversold. The STOCH value of 75.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CSBBANK.
CSB Bank Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹126.78B | 9.49 | ― | 2.15% | 9.03% | 13.10% | |
69 Neutral | ₹104.40B | 7.97 | ― | 2.42% | 0.37% | 2.88% | |
69 Neutral | ₹119.86B | 8.24 | ― | 1.05% | 4.88% | 11.75% | |
61 Neutral | ₹62.54B | 9.87 | ― | ― | 24.35% | 6.65% | |
61 Neutral | ₹126.97B | 18.28 | ― | 2.82% | 11.64% | -4.87% | |
60 Neutral | ₹94.03B | 91.38 | ― | 1.63% | 8.92% | -30.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:CSBBANK
CSB Bank Ltd.
360.50
-63.65
-15.01%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
82.21
18.80
29.65%
IN:KTKBANK
Karnataka Bank Ltd.
276.05
88.36
47.08%
IN:SOUTHBANK
South Indian Bank Limited
45.78
15.98
53.62%
IN:TMB
Tamilnad Mercantile Bank Limited
800.65
374.14
87.72%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
65.27
15.97
32.39%
CSB Bank Ltd. Corporate Events
CSB Bank clears ESOS 2026 to grant up to 2 million stock options
Jun 25, 2026
CSB Bank Ltd. has approved a new employee stock option scheme, ESOS 2026, based on the recommendation of its Nomination and Remuneration Committee and in compliance with SEBI’s share-based employee benefit regulations. The scheme, which rema...
CSB Bank Announces ESOS Trust Transfer of 22,125 Equity Shares
Jun 17, 2026
CSB Bank Limited has disclosed that the CSB ESOS Trust transferred 22,125 equity shares of the bank to an eligible employee on June 17, 2026. The transfer follows the employee’s exercise of vested stock options under the CSB Employee Stock O...
CSB Bank Reports Analyst Meeting with SPARX Asset Management
Jun 5, 2026
CSB Bank Ltd. disclosed that it held a one-on-one meeting with SPARX Asset Management in Mumbai on June 5, 2026, as part of its engagement with analysts and institutional investors. The bank clarified that no unpublished price-sensitive informatio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.