Arthneeti

CSB Bank Q2 FY27 Share Price & Earnings Call Analysis

₹307.60-0.53% today
Market cap
₹5,336 Cr
P/E
8.04
ROE
13.46%
PEG
1.62
Price to sales
1.11
Debt to equity
10.50
52W high / low
₹557 / ₹296
Sales growth (5Y)
19.20%
EBITDA margin
56.08%
Net profit margin
14.03%
Promoter holding
40.00%
Sales (last year)
₹4,752 Cr

CSB Bank (formerly The Catholic Syrian Bank Ltd) is engaged in the business of banking Services ,oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala , Bank focus on SME, retail, and NRI customers.(Source : Company Web-site )

Guidance scorecard · Q2 FY27 call

What CSB Bank's management guided
and where it ranks in Banks

#7of 28 in
Banks
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Wholesale business (corporate loans) currently ~26% of book; targeted to grow to ~32% by FY2030.
  • Gold loan portfolio (~54%) expected to grow at 30%-35% annually, maintaining a similar share to wholesale by FY2030.
  • Overall wholesale loan growth targeted at 35%-40% for the current year.
  • Unsecured retail loans currently 2% of book; planned to increase focus from FY2028 onwards, not in FY2027 due to risk considerations.
  • Deposits have grown 26% YoY; CASA ratio stable at ~19.4%, with CASA growth expected mainly from FY2028 onwards.
  • Retail liability acquisition channel is being rolled out post technology transformation to accelerate customer additions.

2 more points from CSB Bank's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what CSB Bank said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Significant investments have been made recently in technology transformation, including implementation of over 50 surround systems linked to Core Banking System (CBS), transaction banking, and ServiceNow.
  • Technology decisions were delayed by about 2.5 years but executed rapidly once approved, setting the foundation for future growth.
  • The bank is currently leveraging its technology investments to scale retail liability acquisition channels and enhance transaction banking products like trade, supply chain, and CMS in the near term (next 3-4 months).
  • Focused investments in wholesale banking franchise building include people and technology, especially in transaction banking, to improve ROA and RAROC.

2 more points from CSB Bank's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what CSB Bank said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The discussion primarily focuses on banking operations, loan disbursements, gold loan LTVs, portfolio mix, funding costs, and financial performance.
Full Q1 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small FinanceGood growth
    2
  2. Canara BankGood growth
    1
  3. IDFC First BankGood growth
    3
See all potential multibaggersWhere does CSB Bank rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.3
2AU Small Finance20–40%Flat₹74,341 Cr26.0
3IDFC First Bank20–40%Flat₹67,332 Cr29.9
420–40%Flat₹58,716 Cr49.8
520–40%Flat₹13,576 Cr9.4
620–40%Flat₹6,759 Cr8.6

Sign up free to see every company in the sector ranking and track CSB Bank.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of CSB Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

CSB Bank

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +49.72%49.72%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%
FIIs +4.62%4.93%12.42%12.71%12.80%13.07%15.37%14.23%14.16%12.84%12.63%12.33%
DIIs +16.07%15.94%18.71%17.59%17.06%16.89%14.63%16.10%15.64%15.22%15.07%15.69%
Public +26.74%26.80%26.34%27.18%27.63%27.65%27.62%27.29%27.86%29.63%30.11%29.94%
Others +2.86%2.62%2.54%2.53%2.52%2.40%2.39%2.39%2.35%2.31%2.20%2.04%
No. of Shareholders62,95863,49767,00476,57978,65478,23665,04464,75463,06765,32867,65266,205

Financials of CSB Bank

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +6877627958328659199811,0411,1091,1541,2011,2871,339
Interest344379409470497544610662686701737809829
Expenses +308308376381380391496465557524500506538
Financing Profit357510-19-13-15-125-85-134-71-36-27-28
Financing Margin %5%10%1%-2%-2%-2%-13%-8%-12%-6%-3%-2%-2%
Other Income +143125197172199219381245349276306229274
Depreciation0000000000000
Profit before tax178200206152186204257160216205271202246
Tax %25%25%27%26%26%26%26%26%26%26%26%26%26%
Net Profit +133150151113138152190119160153202150183
EPS in Rs7.688.648.736.537.988.7410.986.849.248.8011.628.6510.53
Gross NPA %1.27%1.22%1.47%1.69%1.68%1.58%1.57%1.84%1.81%1.96%1.66%1.75%1.58%
Net NPA %0.33%0.31%0.51%0.68%0.69%0.64%0.52%0.66%0.52%0.67%0.40%0.39%0.33%

Financials of CSB Bank

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +1,5451,4831,3361,2971,3481,5101,8722,0382,3202,9283,5974,5054,981
Interest1,1891,1591,0239129089189318859861,4512,1212,7853,075
Expenses +5556435896448596569117488731,2441,5721,9382,067
Financing Profit-199-319-275-259-419-6430405461233-96-218-162
Financing Margin %-13%-22%-21%-20%-31%-4%2%20%20%8%-3%-5%-3%
Other Income +1271052811251362223032473165849721,1771,085
Depreciation11141516172441384356761070
Profit before tax-82-228-9-149-300134293614734761800851923
Tax %-35%-34%-117%-35%-34%90%25%25%25%26%26%26%
Net Profit +-53-1502-97-19713218458547567594633687
EPS in Rs-8.81-20.880.19-12.04-22.980.7312.5926.4331.5532.6734.2336.5039.60
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of CSB Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital6072818186174174174174174174174174
Reserves8288219188081,3461,7872,0072,4783,0303,6304,3244,7215,033
Deposits14,47414,43814,91214,69115,12415,79119,14020,18824,50629,71936,86144,24646,889
Borrowing4542424207941,4262,0077831,7575,5467,1546,169
Other Liabilities +3512792712493563195915096707769311,4322,297
Total Liabilities15,76015,65216,22315,87016,91118,86423,33725,35629,16236,05647,83657,72760,561
Fixed Assets +175215215216218253269288319406450708730
CWIP000000000017920
Investments4,4275,9875,7624,1144,0285,3606,1267,0125,8497,55111,38911,95512,402
Other Assets +11,1589,45010,24611,54012,66613,25116,94218,05722,99428,09935,81845,06147,429
Total Assets15,76015,65216,22315,87016,91118,86423,33725,35629,16236,05647,83657,72760,561

Financials of CSB Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-356-16639527-893-1,1091,374-8522,2111,783-5,256-314
Cash from Investing Activity +-16-13-17-18-22-235-1,231131-724-1,4391,904-790
Cash from Financing Activity +97106106-56741,310632581-1,2249743,7891,608
Net Cash Flow-276-724854-242-34775-1402631,318437505
Free Cash Flow-372-1783789-915-1,1531,318-9082,1371,667-5,555-502

Financials of CSB Bank

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %-7%-17%0%-10%-17%1%11%19%19%16%14%13%

Guidance history

How CSB Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →20–40%FlatPlanned——
Q2 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

15out of 100

Momentum score · price trend

15 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−25.2%30%
Last 6 months−19.5%19%
Last 3 months−5.9%51%

The price is 44.8% below its all-time high of ₹557.45 (5 Jan 2026). Stocks more than 20% below their peak have their score halved, so 30 became 15.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For CSB Bank: 0.4 × 30 + 0.4 × 19 + 0.2 × 51 = 30, halved to 15 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What CSB Bank's management said in earlier quarters

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