Syndicate Bank (Delisted) share price
BSE: 532276
Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary
Last traded ₹15.15 on 19 Mar 2020
Delisted on 27 May 2020.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Mar 2020
19 Mar · Updates
19 Mar · Management
17 Mar · Updates
17 Mar · Business
12 Mar
12 Mar · Announcement under Regulation 30 (LODR)-Interest Rates Updates
Q3 results, quarter to Dec 2019
Consolidated: the company and its subsidiaries together. ₹ crore.
- Total incomeTotal income. Total income is interest earned plus other income, fees and treasury gains among it. Total income in the glossary
- ₹6,317 Cr+2.7% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹480 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹1.79
- Net interest income
- ₹1,872 Cr
- Profit before provisions
- ₹1,336 Cr
From interest earned to net profit, ₹ crore
- Interest earned5,403
- Interest paid−3,531
- Net interest income1,872
- Other income+914
- Operating expenses−1,449
- Before provisions1,336
- Set aside for bad loans−1,045
- Profit before tax291
- Tax+144
- Net profit480
Syndicate Bank results by quarter
Consolidated: the company and its subsidiaries together. Latest quarter to Dec 2019. Results for the quarter to Mar 2020 were due by 30 May 2020, 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 | Jun 2019Q1 | Sep 2019 | Dec 2019Q3 |
|---|---|---|---|
| Total income | 6,081 | 6,153 | 6,317 |
| 5,545 | 5,407 | 5,403 | |
| On loans | 3,993 | 4,007 | 4,021 |
| On investments | 1,402 | 1,328 | 1,307 |
| On balances with the RBI and other banks | 66 | 71 | 74 |
| Other interest | 84 | 1 | 1 |
| Interest paid | 3,753 | 3,668 | 3,531 |
| Net interest income | 1,792 | 1,739 | 1,872 |
| Other income | 536 | 746 | 914 |
| 1,518 | 1,529 | 1,449 | |
| Profit before provisions | 810 | 956 | 1,336 |
| Set aside for bad loans | 1,969 | 639 | 1,045 |
| Exceptional items | 0 | 0 | 0 |
| Profit before tax | −1,159 | 318 | 291 |
| Tax | −179 | 66 | −144 |
| Share of profit of associatesShare of profit of joint ventures and associates. The group's share of the profit of companies it part-owns, its joint ventures and associates, as stated; it is part of the profit that belongs to the shareholders and is not in revenue, operating profit or borrowings. Not given where the filing states 0 for it while the company's other filings for the same year show it was not 0. Share of profit of joint ventures and associates in the glossary | 23 | −159 | 45 |
| Net profitThe lines under it are parts of it, not all of it. | −957 | 92 | 480 |
| Earnings per share | −₹3.57 | ₹0.34 | ₹1.79 |
| Diluted earnings per share | −₹3.57 | ₹0.34 | ₹1.79 |
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Mar 2015, Jun 2015, Sep 2015, Dec 2015, Mar 2016, Jun 2016, Sep 2016, Dec 2016, Mar 2017, Jun 2017, Sep 2017, Dec 2017, Mar 2018, Jun 2018, Sep 2018, Dec 2018 and Mar 2019.
| Figure | Jun 2019Q1 | Sep 2019 | Dec 2019Q3 |
|---|---|---|---|
| Gross bad loans, ₹ crore | 25,403 | 25,382 | 25,330 |
| Net bad loans, ₹ crore | 12,086 | 12,481 | 12,514 |
| Gross bad loans, % of loansGross non-performing loans. Loans whose borrowers have stopped paying, generally for 90 days, as a percentage of all loans, as the bank files it, or worked out from its filed amounts where the filed percentage cannot be read on its filing's scale. Gross non-performing loans in the glossary | – | 11.45% | – |
| Net bad loans, % of loansNet non-performing loans. Non-performing loans left after what has been set aside against them, as a percentage of loans, as the bank files it, or worked out from its filed amounts where the filed percentage cannot be read on its filing's scale. Net non-performing loans in the glossary | – | 5.98% | – |
| Bad loans already provided for | 52.42% | 50.83% | 50.60% |
| Held by the governmentGovernment holding. The share of the company the government holds, as the company states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, or where it is 0 and the shareholding pattern for the same date does not confirm the government holds none. Government holding in the glossary | – | 78.48% | – |
Per cent, and the bad loans themselves in ₹ crore. A non-performing loan is one the borrower has stopped paying, generally for 90 days.
Segment results by quarter
Consolidated from the quarter to Jun 2019, standalone before, ₹ crore, quarters to Dec 2019.
Retail Banking Operations
Revenue, ₹ croreProfit, ₹ croreCorporate/Wholesale Banking Operations
Revenue, ₹ croreProfit, ₹ croreTreasury Operations
Revenue, ₹ croreProfit, ₹ croreOther Banking Opearations
Revenue, ₹ croreProfit, ₹ crore
| ₹ crore | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue of all businesses | 5,546 | – | 6,078 | 6,345 | 6,021 | 6,007 | 6,362 |
| Company revenue, as in its resultsCompany revenue. The company's revenue from operations for the period in its results, on the same accounts as its segments. It is below the businesses' sum where they sell to one another, or where the segments include a business the results report as discontinued. | 5,638 | – | 6,078 | 6,345 | 6,081 | 6,153 | 6,317 |
| Revenue | 2,024 | – | 2,350 | 2,483 | 2,335 | 2,548 | 2,694 |
| ProfitSegment profit. What the business earned before tax and finance costs, as the company measures each of its businesses. Segment profit in the glossary | 246 | – | 557 | 26 | 46 | 867 | 861 |
| MarginSegment margin. Segment profit as a percentage of the segment's revenue. Segment margin in the glossary | 12.2% | – | 23.7% | 1.0% | 2.0% | 34.0% | 32.0% |
| AssetsSegment assets. What the company holds for this business at the period end: plant, stock, receivables and the like. Segment assets in the glossary | 78,350 | – | 64,583 | 78,707 | 77,779 | 81,520 | 79,431 |
| LiabilitiesSegment liabilities. What this business owes at the period end, such as payments due to suppliers. Segment liabilities in the glossary | 75,454 | – | 61,981 | 75,011 | 74,245 | 77,908 | 75,937 |
| Revenue | – | – | 1,860 | 2,046 | 1,921 | 1,857 | 1,866 |
| Revenue | 1,541 | – | – | 1,635 | 1,624 | 1,602 | 1,605 |
| Revenue | 107 | – | 120 | 181 | 140 | −13 | 197 |
| Revenue | – | – | 1,748 | – | – | – | – |
| Revenue | 1,874 | – | – | – | – | – | – |
| – | – | – | – | 0 | – | 0 | |
| – | – | – | 0 | – | 0 | – | |
| – | – | 0 | – | – | – | – |
Profit is before tax and finance costs, the way companies report their segments.
10 years at a glance
Consolidated, laid out as a bank files them.
Net interest income, Net profit, ₹ crore
- Net interest income
- Net profit
- Loss
Income
₹ crore, years to March.
| ₹ crore | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total incomeTotal income. Everything earned in the period, the total the statement states: for a bank, its interest earned and other income, with any other income line its statement totals; for a finance company, revenue from operations + other income; for a general insurer, premium earned + income from the policyholders' investments + other income; for a life insurer, premiums + the income and gains on the policyholders' investments. | 11,215 | 12,366 | 16,344 | 18,496 | 20,088 | 23,868 | 25,831 | 26,617 | 24,691 | 24,013 |
| 10,047 | 11,451 | 15,268 | 17,121 | 18,620 | 21,615 | 23,198 | 23,004 | 21,776 | 21,725 | |
| On loansInterest on loans. Interest and discount earned on the bank's loans and bills for the period; given only where the four interest lines add to the interest earned stated. Interest on loans in the glossary | 7,697 | 9,197 | 12,371 | 13,524 | 14,420 | 16,120 | 17,319 | 16,856 | 15,723 | 15,541 |
| On investmentsInterest on investments. Income from the bonds and other securities the bank holds, for the period; given only where the four interest lines add to the interest earned stated. Interest on investments in the glossary | 2,268 | 2,208 | 2,736 | 3,231 | 3,781 | 4,890 | 5,285 | 5,331 | 5,200 | 5,667 |
| On balances with the RBI and other banksInterest on balances with the RBI and other banks. Interest earned on money placed with the Reserve Bank and with other banks, for the period; given only where the four interest lines add to the interest earned stated. Interest on balances with the RBI and other banks in the glossary | 51 | 11 | 151 | 287 | 295 | 589 | 594 | 621 | 713 | 363 |
| Other interestOther interest. Interest earned besides on loans, investments and balances with banks, for the period; given only where the four interest lines add to the interest earned stated. Other interest in the glossary | 31 | 35 | 10 | 78 | 124 | 17 | 1 | 195 | 140 | 155 |
| Interest paid | 7,307 | 7,068 | 10,183 | 11,666 | 13,080 | 16,094 | 17,212 | 16,727 | 15,223 | 15,076 |
| Net interest incomeNet interest income. Interest earned − interest paid; for a finance company, interest earned − finance costs. Net interest income in the glossary | 2,740 | 4,383 | 5,085 | 5,454 | 5,540 | 5,521 | 5,985 | 6,277 | 6,553 | 6,650 |
| Other incomeOther income. Income besides interest, for the period: for a bank, its other income as stated, such as fees, commissions and gains on investments; for a finance company, total income − interest earned, or where total income is not stated, fees and commission + gains on fair value changes + other income. Other income in the glossary | 1,167 | 915 | 1,076 | 1,375 | 1,467 | 2,252 | 2,634 | 3,613 | 2,915 | 2,287 |
| 2,032 | 2,547 | 2,813 | 3,177 | 3,301 | 3,621 | 4,283 | 5,497 | 5,493 | 6,054 | |
| Profit before provisionsProfit before provisions. Profit before anything is set aside for loans that may not be repaid: for a bank, total income − its expenses other than provisions, as stated, which are interest paid and operating expenses; for a finance company, total income − finance costs − operating expenses. Profit before provisions in the glossary | 1,875 | 2,751 | 3,348 | 3,652 | 3,707 | 4,152 | 4,336 | 4,393 | 3,976 | 2,884 |
| Set aside for bad loansProvisions for bad loans. What was set aside in the period for loans that may not be repaid: for a bank, its provisions other than for tax, which also cover its investments and loans still being repaid; for a finance company, the impairment of its loans and other financial assets. Provisions for bad loans in the glossary | 700 | 1,464 | 1,919 | 1,886 | 1,920 | 2,011 | 4,348 | 3,581 | 8,252 | 5,922 |
| Exceptional itemsExceptional items. One-off gains or losses the company states separately, for the period; on a bank's group accounts, not given where the line is the outside owners' share of its subsidiaries' profit. Exceptional items in the glossary | 0 | 0 | 0 | 0 | 0 | 0 | −883 | 0 | 0 | 0 |
| Profit before tax | 1,175 | 1,287 | 1,429 | 1,766 | 1,788 | 2,141 | −894 | 812 | −4,277 | −3,039 |
| Tax | 361 | 238 | 114 | −440 | −68 | 474 | 623 | 294 | −1,165 | −515 |
| Net profit | 814 | 1,049 | 1,314 | 2,206 | 1,855 | 1,667 | −1,517 | 517 | −3,112 | −2,524 |
| Earnings per shareEarnings per share. The earnings per share stated for the period ÷ the split factor, so a figure from before a split sits on the same share as today's; a figure the company filed after a split or bonus is already on the new share count and is divided by the splits after its filing day only. | – | – | – | – | – | – | – | – | – | −₹16.70 |
| Diluted earnings per shareDiluted earnings per share. That diluted earnings per share on today's share count, restated by the same splits and bonuses as the basic figure. Diluted earnings per share in the glossary | – | – | – | – | – | – | – | – | – | −₹16.68 |
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 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross bad loans, ₹ croreGross non-performing loans, ₹ crore. Non-performing loans, those whose borrowers have stopped paying, generally for 90 days, at the amount still owed at the period end, as the bank states it. A 0 is given only for a bank whose loans are at most 1% of its assets, and the figure is not given where it is below the net figure or the bank's own gross share of loans shows a digit slipped. Gross non-performing loans, ₹ crore in the glossary | 2,007 | 2,599 | 3,183 | 2,979 | 4,611 | 6,442 | 13,832 | 17,609 | 25,759 | 24,660 |
| Net bad loans, ₹ croreNet non-performing loans, ₹ crore. Non-performing loans less what the bank has set aside against them, at the period end, as the bank states it; not given where it is above the gross figure, or 0 beside a gross figure that is not. Net non-performing loans, ₹ crore in the glossary | 978 | 1,031 | 1,185 | 1,125 | – | – | – | 10,411 | 13,239 | 12,628 |
| Bad loans already provided forProvision coverage. (gross non-performing loans − net non-performing loans) ÷ gross non-performing loans × 100: the share of non-performing loans already covered by money set aside. Provision coverage in the glossary | 51.28% | 60.34% | 62.75% | 62.24% | – | – | – | 40.88% | 48.60% | 48.79% |
Margins and returns
Per cent a year, on the average of the opening and closing balance sheets.
| Per cent | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost to incomeCost to income. Operating expenses ÷ (net interest income + other income) × 100. Cost to income in the glossary | 52.01% | 48.08% | 45.66% | 46.52% | 47.10% | 46.58% | 49.69% | 55.58% | 58.01% | 67.74% |
Growth and returns over 3, 5 and 10 years
Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2019.
| Measure | 10 years | 5 years | 3 years |
|---|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 8.7% | 3.6% | −2.4% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 2.5% | −4.0% | −7.1% |
Where the return came from
Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −22.1% | – | – | 0.0% |
| 3 years | −13.9% | – | – | 0.0% |
| 5 years | −14.8% | – | – | 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.
Syndicate Bank share price by year
Each calendar year to 2020.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2020 | 15.15 | −45.5% | 28.30 | 14.65 |
| 2019 | 27.80 | −29.3% | 45.20 | 24.05 |
| 2018 | 39.30 | −51.0% | 82.30 | 29.80 |
| 2017 | 80.15 | +30.2% | 94.50 | 61.35 |
| 2016 | 61.55 | −29.9% | 89.85 | 50.00 |
| 2015 | 87.75 | −33.3% | 133.75 | 77.05 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2020 close is its last trade, on 19 Mar 2020.
Recent sessions
The 10 trading days to 19 Mar 2020, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 19 Mar 2020 | 14.00 | 16.00 | 13.55 | 15.15 | 15.06 | 44,86,879 |
| 18 Mar 2020 | 15.65 | 15.65 | 14.10 | 14.65 | 14.75 | 33,23,792 |
| 17 Mar 2020 | 15.30 | 16.15 | 15.05 | 15.15 | 15.67 | 40,67,822 |
| 16 Mar 2020 | 16.00 | 16.00 | 15.00 | 15.30 | 15.48 | 24,92,006 |
| 13 Mar 2020 | 13.90 | 17.00 | 12.55 | 16.70 | 15.47 | 39,99,368 |
| 12 Mar 2020 | 17.70 | 17.70 | 15.10 | 15.30 | 15.87 | 35,78,805 |
| 11 Mar 2020 | 18.90 | 19.35 | 17.95 | 18.10 | 18.60 | 43,54,398 |
| 9 Mar 2020 | 19.80 | 20.00 | 18.65 | 18.90 | 19.15 | 79,11,214 |
| 6 Mar 2020 | 20.75 | 20.85 | 19.75 | 20.30 | 20.37 | 72,86,202 |
| 5 Mar 2020 | 19.10 | 21.85 | 19.00 | 21.00 | 20.56 | 50,91,953 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 532276
- ISIN
- INE667A01018
- Former symbols
- SYNDIBANK
- Website
- www.syndicatebank.in
- Registered office
- Post Box No 1, Manipal 576104, Karnataka
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments