MarketFriction

Corporation Bank(Merged)

NSE CORPBANK · BSE 532179
₹9.80 -4.39%
NSE close2020-03-19
Market cap₹5,874 Cr.
Merged or delisted Delivery 65.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Revenue from operations4,1913,9713,8183,6433,9894,0094,155
Operating costs2,4331,6131,5829,8021,6061,8132,550
EBITDA1,7572,3572,237-6,1592,3832,1961,604
EBITDA margin %42%59%59%-169%60%55%39%
Depreciation & amortisation0000000
Finance costs2,6262,5132,5152,4602,6872,6732,777
Non-operating income7892472945524327061,897
Pre-tax profit-809216-8,067128229725
Effective tax rate %-207%-13%-280%-18%18%43%42%
Profit after tax8610460-6,575105131421
Earnings per share (Rs)0.520.620.24-10.970.180.220.70
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue from operations6,0676,9889,13513,01815,33417,95919,55619,41119,47217,62815,62316,171
Operating costs1,3571,6652,1962,6553,2574,7604,8506,3476,82211,03213,53911,195
EBITDA4,7105,3236,93910,36312,07713,19914,70713,06412,6496,5962,0844,976
EBITDA margin %78%76%76%80%79%73%75%67%65%37%13%31%
Depreciation & amortisation5566698097113123138161175177180
Finance costs4,3715,0836,1959,87111,90614,17415,48515,17115,02012,78910,11410,941
Non-operating income1,1111,4991,2661,5071,6201,6571,4741,7433,0982,3191,8813,750
Pre-tax profit1,3951,6731,9401,9201,694568573-502566-4,050-6,325-2,395
Effective tax rate %35%29%27%21%15%0%0%0%0%0%0%0%
Profit after tax9001,1811,4201,5181,443568573-502566-4,050-6,325-2,395
Earnings per share (Rs)19.1820.5018.886.796.84-4.914.93-24.32-10.55-4.00
Paid out as dividend %20%20%21%20%20%20%20%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR9%-4%-6%4%
Profit CAGR%%%62%
Share price CAGR-14%%%%
Average return on equity-7%-20%-31%-16%
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Net block (property, plant)3012893283564404625231,2751,2891,2281,4181,379
Capital work in progress053234422141
Investments24,91534,55243,49747,52958,18566,19053,31763,27764,09670,37960,01966,377
Current & other assets61,67776,86199,738115,737134,843155,399172,176170,312182,534150,318152,184161,733
Total assets86,893111,707143,566163,624193,471222,055226,019234,867247,920221,926213,624229,489
Share capital1431431481481531681682042293331,1991,199
Reserves & surplus4,7995,6887,0538,1979,4509,96010,34611,19512,52010,55515,41612,597
Total debt78,499101,797132,704150,383178,897206,377209,758218,253227,019205,480192,958207,559
Other liabilities & provisions3,4514,0793,6604,8964,9715,5505,7485,2158,1515,5584,0518,133
Equity + liabilities86,893111,707143,566163,624193,471222,055226,019234,867247,920221,926213,624229,489
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Operating cash flow4,1521,6855013,02402,139-1,2902,6119,550-15,999-6,7536,293
Investing cash flow-87-59-106-1080-135-182-207-189-127-114-135
Free cash flow (after capex)4,0651,6263952,91602,003-1,4742,4029,361-16,130-6,8696,157
Financing cash flow-182-13432-3440-448-28385082,3948,119-1,723
Net change in cash3,8831,4924272,57101,556-1,5002,4429,869-13,7321,2514,435
Cash conversion (OCF / EBITDA) %100%44%14%36%0%16%-9%20%76%-243%-324%126%
Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Return on capital employed %8%7%7%8%8%7%7%7%7%4%2%4%
Receivable days000000000000
Inventory days
Payable days
Cash cycle (days)000000000000
Working capital days25453534058-16210250289208275132
Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Promoter group %70.76%70.76%70.76%70.76%79.87%79.87%79.87%86.77%93.50%93.50%93.50%93.50%
Foreign investors %1.69%1.88%1.87%1.72%1.13%1.12%1.12%0.71%0.30%0.34%0.33%0.33%
Domestic institutions %21.94%22.02%22.02%22.02%15.17%15.17%15.17%9.96%4.22%4.18%4.17%4.16%
Retail & others %5.61%5.33%5.35%5.49%3.83%3.85%3.84%2.56%1.98%1.98%2.00%2.01%
Shareholder count73,17273,56073,28974,15774,18074,09374,14674,61090,07187,63488,79595,290

Fundamentals

Market value₹ 5,874 Cr.
Last price₹ 9.80
Book value / share₹ 23.0
Return on capital3.97 %
Return on equity-15.8 %
Dividend yield0.00 %
Face value₹ 2.00
Revenue CAGR (TTM)4%
Profit CAGR (TTM)62%
Consolidated figures.
Valuation
Market capRs 5,874 Cr
Enterprise valueRs 197,688 Cr
Price to book0.43x
Price to sales0.38x
EV / EBITDA87.71x
EV / EBIT95.32x
EV / sales12.65x
Price to cash flow0.93x
Earnings yield-107.68%
P/B, 3-year average0.64x
P/E, 5-year average10.67x
P/B, 5-year average0.55x
Profitability
Operating margin (excl. other income)30.77%
Operating margin (incl. other income)53.96%
EBITDA margin14.43%
Pre-tax margin-51.46%
Net profit margin-40.49%
Net margin, latest quarter-180.48%
ROE-15.75%
ROCE3.97%
ROA-1.08%
ROE, 3-year average-32.01%
ROCE, 3-year average3.19%
ROA, 3-year average-1.90%
ROE, 5-year average-19.18%
ROCE, 5-year average4.55%
ROA, 5-year average-1.14%
ROIC (approx.)1.01%
Other income / net worth27.18%
Growth
Sales growth (latest year)3.51%
Sales CAGR, 3 years-6.00%
Sales CAGR, 5 years-3.73%
Sales growth QoQ-4.59%
Profit growth QoQ-11070.70%
Per share
EPS (TTM)Rs -10.55
EPS (latest year)Rs -4.00
EPS (latest quarter)Rs -10.97
EPS, 3-year averageRs -12.95
EPS, 5-year averageRs -7.77
Book value per shareRs 23.02
Sales per shareRs 26.06
Cash flow per shareRs 10.50
Efficiency
Asset turnover0.07x
Fixed asset turnover11.73x
Leverage
Total debtRs 207,559 Cr
Cash and bankRs 15,745 Cr
Net debtRs 191,814 Cr
Debt to equity15.04x
Net debt / EBITDA85.10x
Interest coverage0.21x
Owners' fund to total sources6.01%
Debt to assets90.44%
Cash flow
Operating cash flow (latest year)Rs 6,293 Cr
Investing cash flow (latest year)Rs -135 Cr
Financing cash flow (latest year)Rs -1,723 Cr
Net change in cash (latest year)Rs 4,435 Cr
Sales to cash flow2.57x
Statement figures
Net sales (TTM)Rs 15,623 Cr
Net sales (latest year)Rs 16,171 Cr
Sales (latest quarter)Rs 3,643 Cr
Operating profit excl. other income (latest year)Rs 4,976 Cr
Operating profit (latest quarter)Rs -6,159 Cr
Other income (TTM)Rs 1,881 Cr
EBITDA (TTM)Rs 2,254 Cr
PBDT (TTM)Rs -7,860 Cr
Profit before tax (TTM)Rs -8,040 Cr
Net profit (TTM)Rs -6,325 Cr
Net profit (latest year)Rs -2,395 Cr
Net profit (latest quarter)Rs -6,575 Cr
Depreciation (TTM)Rs 180 Cr
Interest (TTM)Rs 10,114 Cr
Cost of goods sold (latest year)Rs 134 Cr
Total expenditure (latest year)Rs 11,195 Cr
Total income (latest year)Rs 19,921 Cr
Share capitalRs 1,199 Cr
ReservesRs 12,597 Cr
Shareholders' fundsRs 13,796 Cr
Total assetsRs 229,489 Cr
Net blockRs 1,379 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 66,377 Cr
Other liabilitiesRs 8,133 Cr
Shares outstanding (crore)599.42
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.35 is the lowest in 3.5 years (median 1.53).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCORPBANKNifty 50Difference
1 week-9.3%-2.8% -6.5 pts
1 month-54.9%-6.8% -48.2 pts
3 months-60.1%-7.6% -52.5 pts
6 months-41.8%+0.4% -42.2 pts
1 year-67.2%-9.9% -57.3 pts
2 years-67.7%-13.6% -54.2 pts
3 years-79.5%+14.2% -93.7 pts
5 years-82.5%+27.9% -110.4 pts

Red flags

F-score 5 of 8
explainShare dilution Share count up 0% in a year, 423% in three
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2019
Sales ₹4,155 Cr +8.8% vs Dec 2018. Net profit ₹421 Cr +601.7%.

Activity

Compare
No listed peers in this industry.
No bulk or block deals on record.
Ex-dateActionFactor
2019-06-19 Annual General Meeting
2018-06-20 Annual General Meeting
2017-06-20 Annual General Meeting
2016-06-22 Annua General Meeting
2015-06-22Annual General Meeting/ Dividend - Rs 1.40/- Per Share
2015-01-22Face Valus Split (Sub-Division) - From Rs 10/- Per To Rs 2/- Per Share0.2000
2014-06-13Annual General Meeting/Dividend Rs 2.25/- Per Share
2014-01-28Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)
2013-05-31Annual General Meeting/Dividend Rs. 19/- Per Share
2012-06-15Annual General Meeting/Dividend Rs 20.50 Per Share
2011-07-28Election Of Directors
2011-06-17Annual General Meeting/Dividend Rs 20 Per Share
2010-06-21Annual General Meeting / Dividend Rs.16.5 Per Share
2009-07-03Agm/Div-Rs.8/- Per Share
2009-03-12Int Div-Rs.4.50 Per Share
2008-06-17Agm/Div-Rs.6 Per Share
2008-04-10Interim Dividend - 45%
2007-06-15Agm/Final Dividend-50%
2007-04-09Interim Dividend-40%
2006-06-15Agm
2006-05-15Final Dividend-35%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Corporation Bank(Merged)?

Corporation Bank(Merged) (CORPBANK) has a market capitalisation of Rs 5,874 Cr. at the 2020-03-19 close.

What were Corporation Bank(Merged)'s latest quarterly results?

In the Dec 2019 quarter, Corporation Bank(Merged) sales was Rs 4,155 Cr (+8.8% vs Dec 2018) and net profit was Rs 421 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03