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    Icici

    Uploaded by

    Chirdeep Pareek
    The document provides financial information for ICICI Bank from March 2006 to March 2010. Some key highlights: - Net worth increased from Rs. 22,555.99 crore in March 2006 to Rs. 51,618.37 crore in March 2010. - Total deposits increased from Rs. 165,083.17 crore to Rs. 202,016.60 crore over the same period. - Net profit increased from Rs. 2,540.07 crore to Rs. 4,024.98 crore from March 2006 to March 2010. - Book value per share increased from Rs. 249.55 to Rs. 463.01 from March 2006 to March 2010.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd

    Icici

    Uploaded by

    Chirdeep Pareek
    36 views9 pages
    The document provides financial information for ICICI Bank from March 2006 to March 2010. Some key highlights: - Net worth increased from Rs. 22,555.99 crore in March 2006 to Rs. 51,618.37 crore in March 2010. - Total deposits increased from Rs. 165,083.17 crore to Rs. 202,016.60 crore over the same period. - Net profit increased from Rs. 2,540.07 crore to Rs. 4,024.98 crore from March 2006 to March 2010. - Book value per share increased from Rs. 249.55 to Rs. 463.01 from March 2006 to March 2010.

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    icici

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    The document provides financial information for ICICI Bank from March 2006 to March 2010. Some key highlights: - Net worth increased from Rs. 22,555.99 crore in March 2006 to Rs. 51,618.37 crore in March 2010. - Total deposits increased from Rs. 165,083.17 crore to Rs. 202,016.60 crore over the same period. - Net profit increased from Rs. 2,540.07 crore to Rs. 4,024.98 crore from March 2006 to March 2010. - Book value per share increased from Rs. 249.55 to Rs. 463.01 from March 2006 to March 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    36 views9 pages

    Icici

    Uploaded by

    Chirdeep Pareek
    The document provides financial information for ICICI Bank from March 2006 to March 2010. Some key highlights: - Net worth increased from Rs. 22,555.99 crore in March 2006 to Rs. 51,618.37 crore in March 2010. - Total deposits increased from Rs. 165,083.17 crore to Rs. 202,016.60 crore over the same period. - Net profit increased from Rs. 2,540.07 crore to Rs. 4,024.98 crore from March 2006 to March 2010. - Book value per share increased from Rs. 249.55 to Rs. 463.01 from March 2006 to March 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 9

    ICICI Bank

    -----------------
    -- in Rs. Cr.
    -----------------
    Balance Sheet --
    Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

    12 mths 12 mths 12 mths 12 mths 12 mths

    Capital and Liabilities:


    Total Share Capital 1,239.83 1,249.34 1,462.68 1,463.29 1,114.89
    Equity Share Capital 889.83 899.34 1,112.68 1,113.29 1,114.89
    Share Application Money 0 0 0 0 0
    Preference Share Capital 350 350 350 350 0
    Reserves 21,316.16 23,413.92 45,357.53 48,419.73 50,503.48
    Revaluation Reserves 0 0 0 0 0
    Net Worth 22,555.99 24,663.26 46,820.21 49,883.02 51,618.37
    Deposits 165,083.17 230,510.19 244,431.05 218,347.82 202,016.60
    Borrowings 38,521.91 51,256.03 65,648.43 67,323.69 94,263.57
    Total Debt 203,605.08 281,766.22 310,079.48 285,671.51 296,280.17
    Other Liabilities & Provisions 25,227.88 38,228.64 42,895.39 43,746.43 15,501.18
    Total Liabilities 251,388.95 344,658.12 399,795.08 379,300.96 363,399.72
    Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

    12 mths 12 mths 12 mths 12 mths 12 mths

    Assets
    Cash & Balances with RBI 8,934.37 18,706.88 29,377.53 17,536.33 27,514.29
    Balance with Banks, Money at Call 8,105.85 18,414.45 8,663.60 12,430.23 11,359.40
    Advances 146,163.11 195,865.60 225,616.08 218,310.85 181,205.60
    Investments 71,547.39 91,257.84 111,454.34 103,058.31 120,892.80
    Gross Block 5,968.57 6,298.56 7,036.00 7,443.71 7,114.12
    Accumulated Depreciation 1,987.85 2,375.14 2,927.11 3,642.09 3,901.43
    Net Block 3,980.72 3,923.42 4,108.89 3,801.62 3,212.69
    Capital Work In Progress 147.94 189.66 0 0 0
    Other Assets 12,509.57 16,300.26 20,574.63 24,163.62 19,214.93
    Total Assets 251,388.95 344,658.11 399,795.07 379,300.96 363,399.71

    Contingent Liabilities 119,895.78 177,054.18 371,737.36 803,991.92 694,948.84


    Bills for collection 15,025.21 22,717.23 29,377.55 36,678.71 38,597.36
    Book Value (Rs) 249.55 270.37 417.64 444.94 463.01
    ICICI Bank
    ---------------
    ---- in Rs.
    Cr.
    ---------------
    Profit & Loss account ----
    Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

    12 mths 12 mths 12 mths 12 mths 12 mths

    Income
    Interest Earned 13,784.50 22,994.29 30,788.34 31,092.55 25,706.93
    Other Income 5,036.62 6,962.95 8,878.85 8,117.76 7,292.43
    Total Income 18,821.12 29,957.24 39,667.19 39,210.31 32,999.36
    Expenditure
    Interest expended 9,597.45 16,358.50 23,484.24 22,725.93 17,592.57
    Employee Cost 1,082.29 1,616.75 2,078.90 1,971.70 1,925.79
    Selling and Admin Expenses 2,360.72 4,900.67 5,834.95 5,977.72 6,056.48
    Depreciation 623.79 544.78 578.35 678.6 619.5
    Miscellaneous Expenses 2,616.78 3,426.32 3,533.03 4,098.22 2,780.03
    Preoperative Exp Capitalised 0 0 0 0 0
    Operating Expenses 5,274.23 8,849.86 10,855.18 10,795.14 10,221.99
    Provisions & Contingencies 1,409.35 1,638.66 1,170.05 1,931.10 1,159.81
    Total Expenses 16,281.03 26,847.02 35,509.47 35,452.17 28,974.37
    Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

    12 mths 12 mths 12 mths 12 mths 12 mths

    Net Profit for the Year 2,540.07 3,110.22 4,157.73 3,758.13 4,024.98
    Extraordionary Items 0 0 0 -0.58 0
    Profit brought forward 188.22 293.44 998.27 2,436.32 2,809.65
    Total 2,728.29 3,403.66 5,156.00 6,193.87 6,834.63
    Preference Dividend 0 0 0 0 0
    Equity Dividend 759.33 901.17 1,227.70 1,224.58 1,337.95
    Corporate Dividend Tax 106.5 153.1 149.67 151.21 164.04
    Per share data (annualised)
    Earning Per Share (Rs) 28.55 34.59 37.37 33.76 36.1
    Equity Dividend (%) 85 100 110 110 120
    Book Value (Rs) 249.55 270.37 417.64 444.94 463.01
    Appropriations
    Transfer to Statutory Reserves 248.69 1,351.12 1,342.31 2,008.42 1,867.22
    Transfer to Other Reserves 1,320.34 0 0.01 0.01 1.04

    Proposed Dividend/Transfer to Govt 865.83 1,054.27 1,377.37 1,375.79 1,501.99


    Balance c/f to Balance Sheet 293.44 998.27 2,436.32 2,809.65 3,464.38
    Total 2,728.30 3,403.66 5,156.01 6,193.87 6,834.63
    ICICI Bank
    ---------------
    ---- in Rs.
    Cr.
    ---------------
    Key Financial Ratios ----

    Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

    Investment Valuation Ratios


    Face Value 10 10 10 10 10
    Dividend Per Share 8.5 10 11 11 12
    Operating Profit Per Share (Rs) 36.75 42.19 51.29 48.58 49.8

    Net Operating Profit Per Share (Rs) 196.87 316.45 354.71 343.59 293.74
    Free Reserves Per Share (Rs) 193.24 199.52 346.21 351.04 356.94
    Bonus in Equity Capital -- -- -- -- --
    Profitability Ratios
    Interest Spread 2.67 3.43 3.51 3.66 5.66
    Adjusted Cash Margin(%) 17.55 12.3 11.81 11.45 13.64
    Net Profit Margin 14.12 10.81 10.51 9.74 12.17
    Return on Long Term Fund(%) 56.24 82.46 62.34 56.72 44.72
    Return on Net Worth(%) 14.33 13.17 8.94 7.58 7.79

    Adjusted Return on Net Worth(%) 11.4 12.31 8.8 7.55 7.53


    Return on Assets Excluding
    Revaluations 1.01 0.9 1.04 444.94 463.01
    Return on Assets Including
    Revaluations 1.01 0.9 1.04 444.94 463.01
    Management Efficiency Ratios
    Interest Income / Total Funds 8.36 9.55 10.6 9.82 8.82

    Net Interest Income / Total Funds 3.78 4.06 4.29 3.99 4.08

    Non Interest Income / Total Funds 0.22 0.1 0.02 0.08 0.08
    Interest Expended / Total Funds 4.58 5.49 6.31 5.83 4.74
    Operating Expense / Total Funds 2.22 2.79 2.76 2.6 2.59
    Profit Before Provisions / Total
    Funds 1.49 1.19 1.4 1.3 1.41
    Net Profit / Total Funds 1.21 1.04 1.12 0.96 1.08
    Loans Turnover 0.15 0.17 0.2 0.18 0.17

    Total Income / Capital Employed(%) 8.58 9.65 10.62 9.9 8.9


    Interest Expended / Capital
    Employed(%) 4.58 5.49 6.31 5.83 4.74
    Total Assets Turnover Ratios 0.08 0.1 0.11 0.1 0.09
    Asset Turnover Ratio 2.94 4.52 5.61 5.14 4.6
    Profit And Loss Account Ratios
    Interest Expended / Interest Earned 69.62 71.14 76.28 73.09 68.44
    Other Income / Total Income 2.59 1.07 0.17 0.86 0.92

    Operating Expense / Total Income 25.86 28.87 26 26.22 29.05


    Selling Distribution Cost
    Composition 4.8 6.12 4.43 1.74 0.72
    Balance Sheet Ratios
    Capital Adequacy Ratio 13.35 11.69 13.97 15.53 19.41
    Advances / Loans Funds(%) 84.89 77.72 72.67 69.86 58.57
    Debt Coverage Ratios
    Credit Deposit Ratio 87.59 83.83 84.99 91.44 90.04
    Investment Deposit Ratio 46.07 41.15 42.68 46.35 53.28
    Cash Deposit Ratio 5.77 6.99 10.12 10.14 10.72
    Total Debt to Owners Fund 7.45 9.5 5.27 4.42 3.91

    Financial Charges Coverage Ratio 1.39 1.25 1.25 1.25 1.33


    Financial Charges Coverage Ratio
    Post Tax 1.33 1.22 1.2 1.2 1.26
    Leverage Ratios
    Current Ratio 0.08 0.09 0.11 0.13 0.14
    Quick Ratio 6.64 6.04 6.42 5.94 14.7
    Cash Flow Indicator Ratios
    Dividend Payout Ratio Net Profit 34.08 33.89 33.12 36.6 37.31

    Dividend Payout Ratio Cash Profit 27.36 28.84 29.08 31 32.33


    Earning Retention Ratio 65.82 64.8 66.35 63.23 61.4
    Cash Earning Retention Ratio 72.58 70.22 70.51 68.87 66.7
    AdjustedCash Flow Times 52.3 65.12 52.34 49.41 44.79

    Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

    Earnings Per Share 28.55 34.59 37.37 33.76 36.1


    Book Value 249.55 270.37 417.64 444.94 463.01

    Source : Asian CERC


    Canara Bank

    Face value= Rs. 10


    Dividend Paid= Rs.10
    Avg annual growth rate last 5 yrs.(G) = 23%
    Market Price= Rs. 485.50
    Cost of Equity (Ks) = 10/485.50*100+23 = 25.07%

    for next 5 yrs.

    Sr. No. Year Growth rate(G) Dividend(Expected) Present value of


    (in %) (in Rs.) Dividend(in Rs.)

    1 2011 23 12.3 9.84


    2 2012 23 15.129 9.68256
    3 2013 23 18.60867 9.52763904
    4 2014 23 22.8886641 9.37519681536
    5 2015 23 28.153056843 9.22519366631424

    Total 47.6505895216742

    Expected market price of share after 5 yr (FV) = 28.153/(.25-.23) = Rs.1407.65


    Present Value of FV = 1407.65*.328 = Rs. 461.70

    Total present value = PV of dividend + PV of FV = 47.65 + 461.7 = Rs. 509.35

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