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100% Buy

J & K Bank Share Price

J&KBANK

₹120.66-₹0.18 (-0.15%) TodayLast updated on 21 Jun, 2024 | 03:54 PM IST
₹119.69₹121.70
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Company overview

Financial performance

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Market cap

Market Cap Switch₹13,478 Crs

Open

₹121.50

Close

₹120.84

Circuit range

₹144.79 - ₹96.52

Day range

₹119.69 - ₹121.70

Year range

₹55.00 - ₹152.50

Volume

18,38,727

Avg. traded

₹120.73

Revenue (12m)

₹11,212 Crs

J & K Bank

Jammu and Kashmir Bank (J&K Bank) is one of India's oldest private sector banks which was established in 1938. It is publicly listed on both the NSE and the BSE and is headquartered in Srinagar.

The bank operates as a primary financial institution in the Union Territories of Jammu and Kashmir and Ladakh. It is the Reserve Bank of India’s exclusive agent responsible for conducting banking activities on behalf of the governments of Jammu and Kashmir and Ladakh.

J&K Bank collects central taxes and serves as the nodal bank for the Public Financial Management System (PFMS) within the two Union territories. It is also the convenor for the Union Territory Level Bankers Committee (UTLBC) in J&K and acts as the lead bank in 12 districts of the region. The bank operates in many states across India.

The market capitalisation of Jammu and Kashmir Bank is over ₹13,900 crore as of January 9, 2023. Jammu and Kashmir Bank's share price has gained over 370% in the last three years.

Business Operations

J&K Bank offers diverse banking services for business enterprises, government and semi-government employees, autonomous bodies, farmers, artisans, public sector organisations and corporate clients. It also provides many retail credit products such as home and personal loans, education loans, agricultural financing, trade credit and consumer lending.

Jammu and Kashmir Bank opened 10 new branches in the fiscal year 2022-23, bringing the total number of branches to 990 by March 31, 2023. These branches span 18 states and 4 Union Territories. A total of 174 branches are in metro, 110 are in urban, 162 are in semi-urban and 544 are in rural areas. It also established 5 Easy Banking Units and Ultra-Small Branches (EBUs/USBs), raising the total count to 82. The bank added 17 ATMs taking the count to 1,421.

The bank expanded to 996 branches by June 30, 2023. Of these, 831 are functional within the Union Territory of Jammu and Kashmir and 37 operate within Ladakh. The remaining 128 branches are operational outside J&K and Ladakh. J&K Bank has a significant 61.60% market share in the banking sector within Jammu and Kashmir. It has a 54.92% share in the banking business within Ladakh.

J&K Bank fully owns JKB Financial Services Limited and is also the sponsor of J&K Grameen Bank. Its life insurance and non-life insurance partners are PNB MetLife, Bajaj Allianz, Life Insurance Corporation of India and IFFCO Tokio.

Financial Highlights

The total income of Jammu and Kashmir Bank stood at ₹10,120.47 crore for FY23 compared to ₹8,766.46 crore in FY22. The profit after tax (PAT) for FY 2022-23 stood at ₹1,180.52 crore, more than double the previous financial year. In FY22, the PAT was ₹494.85 crore. Net interest income (NII) surged in FY23 to ₹4,745.28 crore from ₹3,911.23 crore compared to FY22. Net interest margin increased in FY23 to 3.89% from 3.50% in FY22. Jammu and Kashmir Bank's earnings per share (EPS) was ₹12.25 in FY 22-23 and ₹5.96 in FY22.

J & K Bank Key indicators

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52 week high

₹152.50

52 week low

₹55.00

P/E ratio

7.32

P/B ratio

1.11

ROE

15.23%

ROCE

17.52%

Dividend yield

1.78%

Debt/Equity ratio

0.33

EPS

11.61

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

3.77%

ROA

0.87%

Credit Deposit

67.43%

ROE

15.23%

Net profit margin

12.8%

EPS

11.61

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J & K Bank Shareholder returns

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1 day

-0.15%

1 week

-1.76%

1 month

-6.83%

3 months

-7.22%

1 year

+106.61%

3 years

+207.02%

5 years

+190.75%

J & K Bank Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹121.50
₹120.66
-0.15%
Thu, Jun 20 2024
₹121.51
₹120.84
-0.44%
Wed, Jun 19 2024
₹121.39
₹121.37
+0.26%
Tue, Jun 18 2024
₹123.10
₹121.06
-1.09%
Fri, Jun 14 2024
₹122.85
₹122.40
-0.34%
Thu, Jun 13 2024
₹123.50
₹122.82
+0.02%
Wed, Jun 12 2024
₹122.25
₹122.80
+0.90%
Tue, Jun 11 2024
₹122.25
₹121.70
-0.02%

Shareholding info

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Promoters (59.4%)

Mutual Funds (5.07%)

Retail and other (25.72%)

Foreign institutions-FII (6.99%)

Other domestic institutions (2.82%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹0.5/share

    Ex date 17 Aug 2023

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  • Dividend • ₹2.15/share

    Ex date

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Frequently asked questions