CSBBANK
CSB Bank Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
CSBBANK
FY26 → FY30 · 4 years of guidance · ~3.7 years from today₹330 today
BEAR
₹515
+56%+13% a yr
14.4% a year · 8.2x exit
BASE
₹855
+159%+30% a yr
25% a year · 9.6x exit
BULL
₹1,706
+417%+57% a yr
34% a year · 14.5x exit
Where the market has priced it
8x9x today156x
- the range is unusually wide — read it as the span of management's own claim, not as a forecast
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹36.5 (screener) |
|---|---|
| Guided growth | 25% a year, said on the call of 29-Jul-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 8.22x / 9.6x / 14.51x, this company’s own p20 / median / p80 across 7 filed years |
| Filed-industry peers | median 8.22x across 13 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)4 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 25%roa 1.3%
This year, we will be lucky if we continue to hold the same CASA ratio, because if we grow deposits at least by 25% and our CASA also will have to grow by 25% to maintain the CASA ratio.
Call 29-Jul-2026 · bridge confidence medium · transcript PDF