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Jammu and Kashmir Bank Ltd (J&KBANK)

₹111.741.91%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Jammu and Kashmir Bank Ltd. An average target of ₹169

Source: S&P Global Market Intelligence

Jammu and Kashmir Bank Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹111.11
    ₹115.84
  • 52 Week's Low

    52 Week's High

    ₹66
    ₹152.5
1 Month Return-5.91 %
3 Month Return-13.15 %
1 Year Return+ 62.84 %
Previous Close₹113.91
Open₹113.85
Volume41.20L
Upper Circuit-
Lower Circuit-
Market Cap₹12,543.57Cr

Key Statistics

P/E Ratio6.81
PEG Ratio1.51
Market Cap₹12,543.57 Cr
P/B Ratio0.59
EPS8.33

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Kotak Multicap Fund Direct GrowthKotak Multicap Fund Direct Growth1.33%
Kotak Multi Asset Allocation Fund Direct GrowthKotak Multi Asset Allocation Fund Direct Growth0.73%
Aditya Birla Sun Life PSU Equity Fund Direct GrowthAditya Birla Sun Life PSU Equity Fund Direct Growth0.81%
Mahindra Manulife Large & Mid Cap Fund Direct GrowthMahindra Manulife Large & Mid Cap Fund Direct Growth2.02%
Baroda BNP Paribas Multi Cap Fund Direct Growth OptionBaroda BNP Paribas Multi Cap Fund Direct Growth Option1.47%

Company Information

Jammu and Kashmir Bank Limited (JKB), a state owned bank established in 1938, has a distribution network of 956 branches and 1382 ATMs across India. It offers banking services under three major divisions Support services, Depository services, Third party services; and mainly operates in four segments- Treasury, Corporate/wholesale banking, Retail banking, and other banking operations. In 1976, RBI declared it as ‘A Class Bank’. With Reuter News Agency, the Bank tied up in 1993 for fluctuation information about global foreign currency rates. In 1995, Banking Ombudsman Scheme was launched and loan delivery system introduced. JKB tied up with Infosys Technologies in 1999 to offer Internet Banking, launched Global Access Card in 2003, tied up with ICICI Bank to share ATM network in 2004, and signed MOU with Bajaj Tempo in 2004. After opening 564th branch at Srinagar in 2008, 40 more branches were established in 2013-14. Bank opened branches in Chennai, Kanpur, Agra and Kolkata in year 2006-07 and introduced new products related to rural finance in the same year. In 2013-14, the ATMs increased from 800 to 885. With an increase in the number of branches to 955 and ATMs to 1354 as on 31st March 2020, the Bank has allotted an preferential allotment of 156592546 equity shares of Re.1/ each fully paid up for cash to the Government of Jammu and Kashmir at the issue price of Rs 31.93 per equity share.

Share Price: ₹111.74 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹12,543.57Cr as of today
Revenue: ₹3,139.04Cr as on March 2024 (Q1 24)
Net Profit: ₹633.44Cr as on March 2024 (Q1 24)
Listing date: 03 Aug, 1998
OrganisationJammu and Kashmir Bank Ltd
HeadquartersSrinagar
IndustryBanks
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Key events for Jammu and Kashmir Bank Ltd

  • Jammu and Kashmir Bank Ltd Shares Decline by 4.2% - 15 Jul, 2024

    Jammu and Kashmir Bank Ltd's significant state or government ownership suggests that key decisions are influenced by shareholders from the larger public. Following last week's 4.2% decline in share price, state or government suffered the most losses.

  • Increased Security Measures on Jammu-Akhnoor Highway - 12 Jul, 2024

    Security measures have been increased and vehicles are being inspected on the Jammu-Akhnoor highway as a search operation is carried out in Akhnoor after locals reported sighting an unidentified person. This comes after recent terrorist incidents in the region, which have been attributed to attempts by Pakistan to disrupt the peaceful atmosphere in Jammu and Kashmir.

  • J&K Bank Reports Strong Growth in Gross Advances - 08 Jul, 2024

    Jammu & Kashmir Bank reports an 11% YoY growth in gross advances and a 34.1% increase in standalone net profit for Q4 FY24. The bank's total business grew by 10.93% YoY while its stock tumbled 5.10%.

Insights on Jammu and Kashmir Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.99% to 7.16% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, J&KBANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, J&KBANK stock has moved up by 6.2%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 331.24 Cr → 633.44 Cr (in ₹), with an average increase of 18.7% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 25.47% to 26.45% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, J&KBANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 5 quarters, 2.68K Cr → 3.13K Cr (in ₹), with an average increase of 3.9% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 59.40% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 5.07% to 3.68% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹3,139.04Cr
↑2.35%
Net Income
₹633.44Cr
↑49.83%
Net Profit Margin
20.18%
↑46.44%
2023Y/Y Change
Revenue
₹10,120.47Cr
↑15.45%
Net Income
₹1,180.52Cr
↑138.56%
Net Profit Margin
11.66%
↑106.74%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹1,45,962.25Cr
↑11.76%
Total Liabilities
₹1,45,962.25Cr
↑11.76%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹420.51Cr
↓73.19%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
59.4%
0.00
Foreign Institutions
7.16%
2.49
Mutual Funds
3.68%
-27.34
Retail Investors
26.45%
3.86
Others
3.31%
7.40

Key Indicators

Jammu and Kashmir Bank Ltd Valuation

Jammu and Kashmir Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-9.61x)

March 3, 2021

Today (6.81x)

July 16, 2024

Industry (17.97x)

July 16, 2024

Highest (9.32x)

February 8, 2024

LowHigh

Earnings and Dividends

  • Jammu and Kashmir Bank Ltd Earnings Results

    Jammu and Kashmir Bank Ltd’s net profit jumped 34.03% since last year same period to ₹633.44Cr in the Q4 2023-2024. On a quarterly growth basis, Jammu and Kashmir Bank Ltd has generated 49.83% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Jammu and Kashmir Bank Ltd Dividends May,2024

    In the quarter ending March 2024, Jammu and Kashmir Bank Ltd has declared dividend of ₹2.15 - translating a dividend yield of 2.33%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Jammu and Kashmir Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Jammu and Kashmir Bank Ltd (J&KBANK) share price today is ₹111.74

Jammu and Kashmir Bank Ltd is listed on NSE

Jammu and Kashmir Bank Ltd is listed on BSE

  • Today’s highest price of Jammu and Kashmir Bank Ltd is ₹115.84.
  • Today’s lowest price of Jammu and Kashmir Bank Ltd is ₹111.11.

PE Ratio of Jammu and Kashmir Bank Ltd is 6.81

PE ratio = Jammu and Kashmir Bank Ltd Market price per share / Jammu and Kashmir Bank Ltd Earnings per share

Today’s traded volume of Jammu and Kashmir Bank Ltd(J&KBANK) is 41.20L.

Today’s market capitalisation of Jammu and Kashmir Bank Ltd(J&KBANK) is ₹12543.57Cr.

Jammu and Kashmir Bank Ltd(J&KBANKPrice
52 Week High
₹152.5
52 Week Low
₹66

Jammu and Kashmir Bank Ltd(J&KBANK) share price is ₹111.74. It is down -26.73% from its 52 Week High price of ₹152.5

Jammu and Kashmir Bank Ltd(J&KBANK) share price is ₹111.74. It is up 69.30% from its 52 Week Low price of ₹66

Jammu and Kashmir Bank Ltd(J&KBANKReturns
1 Day Returns
-2.17%
1 Month Returns
-5.91%
3 Month Returns
-13.15%
1 Year Returns
62.84%