State Bank of Travancore (Delisted) share price

BSE: 532191

Face value ₹10

Last traded ₹608.75 on 15 Mar 2017

Delisted on 6 Apr 2017.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Mar 2017
- 31 Mar · Updates
  We confirm that we have effected 'at par' payment of annual interest to the holders of the Rs. 100 Crores IPDI Bonds Series ....
- 31 Mar · Updates
  We confirm that we have effected 'at par' payment of annual interest to the holders of the Rs. 515 Crores Tier II Bonds Series ....
- 30 Mar · Updates
  We refer to our letter nos.: SBD/StExs/Bonds/1253 dated 14/02/2017 and SBD/StExs/Bonds/1310 dated 18/02/2017 regarding intention of the Bank for raising upto Rs.600 Crores by way of issue ....
- 28 Mar · Updates
  We confirm that we have effected 'at par' payment of annual interest to the holders of the Rs. 500 Crores Upper Tier II Bonds ....
- 6 Mar · Suspension of Trading
  Members of the Exchange are hereby informed that the trading in Securities of State Bank of Travancore shall be suspended w.e.f. March 16, 2017 (i.e. closing hours of trading on March 15, 2017) on account of Scheme of Amalgamation.
- 3 Mar · Corporate action
  Executive Committee of the Board of Directors of State Bank of Travancore has approved and fixed March 17, 2017 as the Record Date for issue of shares of State Bank of India to eligible shareholders of State Bank of Travancore.

Results for the quarter to Dec 2016

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Total income: ₹2,786 Cr+4.7% on a year ago · +0.4% on the quarter before
Net profit: −₹68 Cr
Earnings per share: −₹9.53
Net interest income: ₹602 Cr
Profit before provisions: ₹441 Cr
Gross bad loans: 12.22%

From interest earned to net profit, ₹ crore

Interest earned2,366
Interest paid−1,764
Net interest income602
Other income+421
Operating expenses−582
Before provisions441
Set aside for bad loans−442
Profit before tax−0.9
Tax−67
Net profit−68

State Bank of Travancore results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2016. Results for the quarter to Mar 2017 were due by 30 May 2017, 60 days after it ends. Every company's dates are on the results calendar.

Total income and net profit by quarter, ₹ crore

Total income
Net profit
Loss

Net interest income and money set aside for bad loans by quarter, ₹ crore

Net interest income
Set aside for bad loans

₹ crore	Mar 2012	Jun 2012	Sep 2012	Dec 2012	Mar 2013	Jun 2013	Sep 2013	Dec 2013	Mar 2014	Jun 2014	Sep 2014	Dec 2014	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016
Total income	2,073	2,242	2,204	2,297	2,545	2,617	2,566	2,602	2,773	2,644	2,609	2,627	2,703	2,652	2,643	2,660	2,802	2,704	2,775	2,786
	1,899	2,063	2,076	2,140	2,309	2,364	2,421	2,436	2,484	2,424	2,436	2,377	2,332	2,391	2,417	2,414	2,387	2,352	2,376	2,366
On loans	1,433	1,615	1,636	1,699	1,796	1,838	1,837	1,844	1,883	1,830	1,849	1,832	1,768	1,804	1,765	1,721	1,674	1,585	1,594	1,568
On investments	381	421	431	435	482	515	569	580	561	566	577	539	557	572	608	628	668	721	735	732
On balances with the RBI and other banks	4	23	4	3	10	8	14	13	15	24	9	5	4	15	23	30	22	18	12	30
Other interest	81	4	4	3	20	3	2	0	26	4	1	1	2	0	21	34	23	29	35	36
Interest paid	1,393	1,572	1,573	1,623	1,739	1,782	1,822	1,851	1,869	1,898	1,854	1,783	1,750	1,735	1,772	1,793	1,756	1,765	1,757	1,764
Net interest income	505	490	503	517	570	583	599	586	615	526	582	594	581	657	645	621	631	587	619	602
Other income	174	179	128	157	236	253	145	166	289	221	173	250	372	261	226	246	415	351	400	421
	335	330	330	350	420	416	434	451	564	465	480	496	485	453	498	455	498	512	526	582
Employee costs	233	205	206	208	266	262	274	291	372	–	–	–	–	–	–	–	–	–	–	–
Other operating expenses	102	124	124	143	154	154	160	160	192	–	–	–	–	–	–	–	–	–	–	–
Profit before provisions	344	340	302	324	385	420	310	300	340	281	275	348	468	465	373	413	547	427	493	441
Set aside for bad loans	125	104	118	124	110	181	252	215	185	204	241	224	142	302	231	319	450	1,130	787	442
Profit before tax	220	236	184	200	276	239	58	86	155	77	33	124	327	163	142	94	98	−704	−294	−1
Tax	67	55	48	68	110	53	2	71	106	27	14	49	135	82	39	3	36	39	293	67
Net profit	153	181	136	132	166	186	55	15	49	50	19	74	192	81	103	91	62	−743	−588	−68
Earnings per share	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	−₹82.66	−₹9.53

Earnings per share in rupees, restated for later splits and bonuses. Employee costs and other operating expenses are left blank for the quarters to Jun 2014, Sep 2014, Dec 2014, Mar 2015, Jun 2015, Sep 2015, Dec 2015, Mar 2016, Jun 2016, Sep 2016 and Dec 2016: the lines stated do not add to the total the filing states, so the split is not given.

Figure	Mar 2012	Jun 2012	Sep 2012	Dec 2012	Mar 2013	Jun 2013	Sep 2013	Dec 2013	Mar 2014	Jun 2014	Sep 2014	Dec 2014	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016
Gross bad loans, ₹ crore	1,489	1,624	1,750	1,995	17,499	2,088	2,402	3,062	3,077	3,282	3,544	3,367	2,357	2,759	25,692	2,604	3,200	6,401	7,872	8,170
Net bad loans, ₹ crore	654	898	1,008	1,183	9,886	1,161	1,392	1,856	1,929	2,005	2,163	2,052	1,399	1,654	14,981	1,628	1,903	3,934	4,677	5,122
Gross bad loans, % of loans	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11.55%	12.22%
Net bad loans, % of loans	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.20%	8.03%
Bad loans already provided for	56.10%	44.68%	42.42%	40.68%	43.51%	44.42%	42.06%	39.40%	37.32%	38.93%	38.96%	39.05%	40.66%	40.06%	41.69%	37.48%	40.54%	38.55%	40.60%	37.31%
Core equity to risk-weighted loans	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.50%	7.76%

Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

9 years at a glance

Standalone, laid out as a bank files them. No figures on this form for the year to Mar 2007.

Net interest income, Net profit, ₹ crore

Net interest income
Net profit

Income

₹ crore, years to March. Employee costs and other operating expenses are left blank for the years to Mar 2015 and Mar 2016: the lines stated do not add to the total the filing states, so the split is not given.

₹ crore	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Total income	3,873	4,696	4,906	5,810	7,477	9,288	10,559	10,583	10,757
	3,434	4,123	4,378	5,229	6,829	8,635	9,707	9,569	9,609
On loans	2,596	3,173	3,363	4,028	5,297	6,746	7,401	7,279	6,964
On investments	766	857	958	1,149	1,379	1,816	2,224	2,238	2,455
On balances with the RBI and other banks	17	19	11	6	18	41	50	43	90
Other interest	55	73	46	46	134	31	31	9	101
Interest paid	2,477	2,841	2,978	3,533	4,998	6,507	7,323	7,285	7,055
Net interest income	957	1,283	1,400	1,696	1,830	2,128	2,383	2,283	2,554
Other income	439	573	528	581	648	653	852	1,015	1,148
	687	799	872	1,101	1,230	1,430	1,865	1,926	1,904
Employee costs	416	488	532	700	788	885	1,199	–	–
Other operating expenses	271	312	341	401	442	545	667	–	–
Profit before provisions	709	1,056	1,056	1,176	1,249	1,351	1,370	1,372	1,798
Set aside for bad loans	181	254	168	294	501	455	833	812	1,301
Profit before tax	528	803	888	882	748	896	537	560	497
Tax	142	195	204	154	237	281	233	225	159
Net profit	386	608	684	728	510	615	304	336	338

Bad loans and capital

Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.

Figure	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Gross bad loans, ₹ crore	571	544	642	835	1,489	1,750	3,077	2,357	3,200
Net bad loans, ₹ crore	268	188	350	451	854	989	1,929	1,399	1,903
Bad loans already provided for	53.10%	65.55%	45.42%	46.00%	42.67%	43.51%	37.32%	40.66%	40.54%

Margins and returns

Per cent a year, on the average of the opening and closing balance sheets.

Per cent	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Cost to income	49.21%	43.08%	45.24%	48.36%	49.62%	51.42%	57.66%	58.39%	51.42%

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2016.

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	13.1%	5.0%
Profit growth, yearly rate	–	−14.2%	−18.1%
Net margin, average	8.0%	4.5%	3.1%

Where the return came from

Yearly rates to Mar 2016, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	−13.0%	–	–	0.0%
3 years	−9.9%	–	–	0.0%
5 years	−12.5%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

State Bank of Travancore share price by year

Each calendar year to 2017.

Year	Close at year end	Change	Highest close	Lowest close
2017	608.75	+14.4%	608.75	516.70
2016	531.95	+27.0%	598.05	362.15
2015	418.70	−20.0%	564.90	394.60

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2017 close is its last trade, on 15 Mar 2017.

Recent sessions

The 10 trading days to 15 Mar 2017, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
15 Mar 2017	599.95	613.90	599.00	608.75	608.88	13,31,860
14 Mar 2017	602.50	606.00	597.95	600.70	601.32	1,95,824
10 Mar 2017	595.90	599.80	589.10	593.20	594.41	35,756
9 Mar 2017	587.70	597.20	587.00	595.90	592.68	5,28,994
8 Mar 2017	586.00	590.00	580.40	588.55	586.69	73,517
7 Mar 2017	593.65	593.65	581.60	584.85	584.38	3,07,751
6 Mar 2017	587.00	590.00	581.05	588.05	585.50	1,47,540
3 Mar 2017	579.00	583.70	574.00	575.15	576.98	17,425
2 Mar 2017	589.00	594.80	578.20	580.05	588.37	37,050
1 Mar 2017	581.05	589.75	581.05	587.25	587.63	59,357

Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-date	Event	Price factor	What happened
19 Jan 2009	Price move	–	Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.

Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code: 532191
ISIN: INE654A01024
Former symbols: SBT
Website: www.statebankoftravancore.com
Registered office: P.B.NO.34,, Poojappura, Thiruvananthapuram 695012, Kerala
Share registrar: Integrated Enterprises (India) Ltd; Keeps the register of shareholders and handles transfers and dividend payments