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CSB Bank Ltd.
(CSBBANK)
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Rating:58Neutral
Price Target:
₹343.00
▼(-32.23% Downside)
Action:Reiterated
Date:09/17/26
The score is mainly constrained by mixed fundamentals (margin compression, higher leverage, and volatile cash flow) and weak technical positioning (below key moving averages with negative MACD). A low P/E provides valuation support, but not enough to offset the fundamental and trend risks.
Positive Factors
Strong revenue growth
Strong multi-year revenue expansion indicates that CSB Bank is increasing the scale of its banking franchise. Continued top-line momentum can broaden the deposit and lending base, support operating leverage, and provide a durable platform for future earnings growth.
Negative Factors
Material margin compression
The sustained decline in net margin means revenue growth is producing less profit than in earlier periods. If this lower profitability persists, it can limit earnings compounding, reduce the benefit of scale, and constrain the bank’s ability to build capital internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Strong multi-year revenue expansion indicates that CSB Bank is increasing the scale of its banking franchise. Continued top-line momentum can broaden the deposit and lending base, support operating leverage, and provide a durable platform for future earnings growth.
Read all positive factors
CSB Bank Ltd. (CSBBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.91B
Dividend YieldN/A
Average Volume (3M)31.74K
Price to Earnings (P/E)8.0
Beta (1Y)0.76
Revenue Growth21.88%
EPS Growth10.95%
CountryIN
Employees8,184
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)38.31
Shares Outstanding173,485,820
10 Day Avg. Volume15,930
30 Day Avg. Volume31,737
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)44.88
Revenue Forecast (FY)₹35.21B
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 its core banking activities and related fee-based services. (1) Net interest income: The bank accepts customer deposits (current, savings and term deposits) and other borrowings, and uses these funds to exten...
CSB Bank Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.12B | 56.82B | 45.69B | 35.12B | 26.35B | 22.85B |
| Gross Profit | 28.70B | 26.63B | 24.48B | 20.61B | 16.50B | 14.00B |
| EBITDA | 9.43B | 9.58B | 8.76B | 8.17B | 7.77B | 6.52B |
| Net Income | 6.65B | 6.33B | 5.94B | 5.67B | 5.47B | 4.58B |
Balance Sheet | ||||||
| Total Assets | 581.01B | 577.27B | 478.36B | 360.56B | 291.62B | 253.56B |
| Cash, Cash Equivalents and Short-Term Investments | 40.68B | 40.97B | 36.76B | 32.92B | 4.78B | 2.03B |
| Total Debt | 60.23B | 71.54B | 55.46B | 17.57B | 7.83B | 21.16B |
| Total Liabilities | 529.24B | 528.32B | 433.39B | 322.52B | 259.59B | 227.05B |
| Stockholders Equity | 51.77B | 48.94B | 44.98B | 38.04B | 32.04B | 26.51B |
Cash Flow | ||||||
| Free Cash Flow | -13.06B | 9.08B | -126.98B | 5.70B | 21.36B | -9.14B |
| Operating Cash Flow | -12.11B | 11.00B | -123.98B | 6.88B | 22.11B | 6.36B |
| Investing Cash Flow | -5.22B | -95.88B | 19.04B | -55.58B | -7.24B | 1.31B |
| Financing Cash Flow | 15.70B | 89.93B | 109.32B | 61.87B | 30.93B | 16.30B |
CSB Bank Ltd. Technical Analysis
Negative
506.10
Price Trends
326.12
Negative
341.65
Negative
375.23
Negative
Market Momentum
-4.16
Positive
38.22
Neutral
19.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CSBBANK, the sentiment is Negative. The current price of 506.1 is above the 20-day moving average (MA) of 320.71, above the 50-day MA of 326.12, and above the 200-day MA of 375.23, indicating a bearish trend. The MACD of -4.16 indicates Positive momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 19.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹64.26B | 8.13 | ― | 0.73% | 9.85% | 20.48% | |
66 Neutral | ₹127.42B | 14.05 | ― | 3.38% | 15.87% | 70.88% | |
63 Neutral | ₹51.11B | 13.39 | ― | ― | 17.48% | -12.60% | |
58 Neutral | ₹52.91B | 7.99 | ― | ― | 21.88% | 10.95% | |
56 Neutral | ₹78.43B | 15.26 | ― | 1.27% | 9.24% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹22.41B | -436.30 | ― | 1.39% | 10.82% | 99.22% |
* General Sector Average
IN:CSBBANK
CSB Bank Ltd.
305.00
-82.80
-21.35%
IN:DCBBANK
DCB Bank Limited
199.45
68.89
52.77%
IN:EQUITASBNK
Equitas Small Finance Bank Ltd.
68.55
10.56
18.21%
IN:ESAFSFB
ESAF Small Finance Bank Limited
43.42
13.92
47.19%
IN:JSFB
Jana Small Finance Bank Ltd
482.95
-1.45
-0.30%
IN:UJJIVANSFB
Ujjivan Small Finance Bank Ltd.
65.31
16.43
33.61%
CSB Bank Ltd. Corporate Events
CSB Bank Discloses Investor Meeting, Affirms No Price-Sensitive Information Shared
Sep 8, 2026
CSB Bank Ltd. has disclosed that it participated in a one-on-one meeting with institutional investor InCred AMC in Mumbai on September 8, 2026, in line with Indian listing disclosure regulations. The bank clarified that no unpublished price-sensit...
CSB Bank Announces Board Change as Director Completes Regulatory Tenure
Sep 2, 2026
CSB Bank Ltd. has announced that Non-Executive Non-Independent Director Sumit Maheshwari has ceased to be on the board with effect from the close of business on September 2, 2026, following completion of the maximum permissible eight-year tenure u...
CSB Bank Revamps Board Committees to Strengthen Governance
Aug 24, 2026
CSB Bank has reconstituted several Board committees, notably the Audit Committee and the Corporate Social Responsibility Committee, effective August 25, 2026, following a Board meeting held on August 24. The changes introduce new independent direc...
CSB Bank Publishes Q1 FY27 Unaudited Financial Results in Newspapers
Jul 23, 2026
CSB Bank Ltd. has reported that its unaudited financial results for the quarter ended June 30, 2026 have been published in leading newspapers. The results were carried in the all-India edition of Business Standard and the Malayalam daily Deepika, ...
CSB Bank Sets August 21, 2026, Date for 105th AGM via Virtual Platform
Jul 22, 2026
CSB Bank Ltd., a long-established private-sector bank based in Thrissur, Kerala, provides a wide spectrum of banking services to its shareholders and customers through its listed equity shares on Indian exchanges. Operating under the Companies Act...
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...
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.