CSB Bank Ltd. (IN:CSBBANK)
:CSBBANK
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CSB Bank Ltd.
(CSBBANK)
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Rating:58Neutral
Price Target:
₹411.00
▼(-18.79% Downside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by decent financial performance (revenue growth and solid ROE) offset by a material cash flow weakness (negative operating and free cash flow). Technicals are a major drag due to a clear downtrend and negative momentum, while valuation is supportive with a reasonable P/E.
Positive Factors
Revenue Growth
Consistent revenue growth—evidenced by the latest period increase and longer-run growth—signals expanding loan and fee businesses that enlarge the interest-earning asset base. Over 2–6 months this strengthens earning capacity, supports reinvestment, and offsets some margin pressure while management addresses costs.
Negative Factors
Weak Cash Flow
Negative operating and free cash flows reduce internal liquidity and force reliance on deposits or wholesale funding to support lending. Over the medium term this constrains the bank’s ability to self-fund growth, raises funding risk, and limits flexibility to build reserves during stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent revenue growth—evidenced by the latest period increase and longer-run growth—signals expanding loan and fee businesses that enlarge the interest-earning asset base. Over 2–6 months this strengthens earning capacity, supports reinvestment, and offsets some margin pressure while management addresses costs.
Read all positive factors
CSB Bank Ltd. (CSBBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹68.64B
Dividend YieldN/A
Average Volume (3M)27.12K
Price to Earnings (P/E)13.0
Beta (1Y)0.52
Revenue Growth32.90%
EPS Growth12.28%
CountryIN
Employees7,860
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)8.80
Shares Outstanding173,485,820
10 Day Avg. Volume18,608
30 Day Avg. Volume27,116
Financial Highlights & Ratios
PEG Ratio1.84
Price to Book (P/B)1.16
Price to Sales (P/S)1.14
P/FCF Ratio-0.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹420.00Price Target Upside-17.01% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)52.07
Revenue Forecast (FY)₹37.38B
CSB Bank Ltd. Business Overview & Revenue Model
Company Description
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 Opera...
How the Company Makes Money
CSB Bank primarily earns money through (1) net interest income and (2) fee and other non-interest income. Net interest income is generated from the spread between interest earned on assets (such as retail loans, MSME/corporate loans, and investmen...
CSB Bank Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.45B | 45.69B | 35.12B | 26.35B | 22.85B | 21.75B |
| Gross Profit | 27.45B | 24.48B | 20.61B | 16.50B | 14.00B | 12.44B |
| EBITDA | 8.36B | 8.76B | 8.17B | 7.77B | 6.52B | 3.33B |
| Net Income | 6.21B | 5.94B | 5.67B | 5.47B | 4.58B | 2.18B |
Balance Sheet | ||||||
| Total Assets | 500.20B | 478.36B | 360.56B | 291.62B | 253.56B | 233.37B |
| Cash, Cash Equivalents and Short-Term Investments | 34.29B | 36.76B | 32.92B | 4.78B | 2.03B | 21.19B |
| Total Debt | 43.27B | 55.46B | 17.57B | 7.83B | 21.16B | 15.79B |
| Total Liabilities | 453.20B | 433.39B | 322.52B | 259.59B | 227.05B | 211.57B |
| Stockholders Equity | 47.00B | 44.98B | 38.04B | 32.04B | 26.51B | 21.80B |
Cash Flow | ||||||
| Free Cash Flow | -13.06B | -126.98B | 5.70B | 21.36B | -9.14B | 13.17B |
| Operating Cash Flow | -12.11B | -123.98B | 6.88B | 22.11B | -8.58B | 13.74B |
| Investing Cash Flow | -5.22B | 19.04B | -55.58B | -7.24B | 1.31B | -12.31B |
| Financing Cash Flow | 15.70B | 109.32B | 61.87B | 30.93B | 16.30B | 6.32B |
CSB Bank Ltd. Technical Analysis
Positive
506.10
Price Trends
388.72
Positive
414.17
Negative
405.69
Negative
Market Momentum
-0.57
Negative
56.07
Neutral
87.24
Negative
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 363.71, above the 50-day MA of 388.72, and above the 200-day MA of 405.69, indicating a neutral trend. The MACD of -0.57 indicates Negative momentum. The RSI at 56.07 is Neutral, neither overbought nor oversold. The STOCH value of 87.24 is Negative, 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹101.78B | 5.96 | ― | 2.15% | 7.08% | 7.69% | |
77 Outperform | ₹99.99B | 6.70 | ― | 1.05% | 8.09% | 2.68% | |
74 Outperform | ₹92.09B | 6.68 | ― | 2.42% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | ₹68.64B | 13.04 | ― | ― | 32.90% | 12.28% | |
56 Neutral | ₹67.65B | 19.93 | ― | 1.63% | 10.02% | -120.18% | |
46 Neutral | ₹114.39B | 13.80 | ― | 2.82% | 6.15% | -64.12% |
* Financial Sector Average
IN:CSBBANK
CSB Bank Ltd.
404.75
81.45
25.19%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
61.72
4.11
7.13%
IN:KTKBANK
Karnataka Bank Ltd.
243.40
66.11
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IN:SOUTHBANK
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38.75
15.44
66.24%
IN:TMB
Tamilnad Mercantile Bank Limited
654.50
245.67
60.09%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
60.34
20.58
51.76%
CSB Bank Ltd. Corporate Events
CSB Bank Transfers 34,000 ESOP Shares to Employees
Mar 9, 2026
CSB Bank Ltd., a private-sector lender based in Thrissur and listed on BSE and NSE, provides diversified banking services to retail, SME and corporate clients across India. The bank operates under a regulated framework and uses employee equity par...
CSB Bank Updates Exchanges on Analyst and Institutional Investor Meetings
Feb 20, 2026
CSB Bank Ltd. disclosed that it participated in meetings with analysts and institutional investors, including WhiteOak Capital and 360 One Capital, on February 20, 2026. The interactions, held virtually and in Mumbai, were classified as one-on-one...
CSB Bank Releases Q3 FY26 Investor Presentation on Financial Performance
Jan 28, 2026
CSB Bank Limited has released an investor presentation detailing its financial and business performance for the quarter ended 31 December 2025, in line with regulatory disclosure requirements. The presentation, made available to institutional inve...
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.