---
title: "Andhra Bank(Merged) (ANDHRABANK) — Share Price, Financials & Analysis"
symbol: "ANDHRABANK"
company: "Andhra Bank(Merged)"
canonical: "https://tapetide.com/stocks/ANDHRABANK"
isin: "INE434A01013"
nse_symbol: "ANDHRABANK"
generated_at: "2026-09-13T22:39:13.084Z"
---

# Andhra Bank(Merged) (ANDHRABANK)

Canonical page: https://tapetide.com/stocks/ANDHRABANK

## Company

- **NSE Symbol:** ANDHRABANK
- **ISIN:** INE434A01013
- **Stock Type:** DELISTED
- **Listed Since:** 2001-04-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** andhrabank.in

## About

Andhra Bank operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Bank offers various products and services, which include deposits and accounts, loans, credit cards, debit cards, travel cards, online payment services, mutual funds and insurance.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.23 times its book value
- Company's working capital requirements have reduced from 85.4 days to 57.2 days

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.98% over past five years.
- Company has a low return on equity of -20.5% over last 3 years.
- Contingent liabilities of Rs.1,39,089 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3,499 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 52% | — | — |
| revenue growth | 5% | 3% | 4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4591 | 4822 | 4867 | 4923 | 5034 | 5030 | 5008 |
| Expenses | 2751 | 2792 | 2929 | 3981 | 2295 | 2505 | 2510 |
| Operating Profit | 1840 | 2030 | 1938 | 941 | 2740 | 2526 | 2498 |
| OPM % | 40 | 42 | 40 | 19 | 54 | 50 | 50 |
| Other Income | 725 | 726 | 742 | 890 | 689 | 856 | 911 |
| Interest | 3068 | 3027 | 3099 | 3032 | 3312 | 3265 | 3162 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -503 | -271 | -418 | -1200 | 117 | 117 | 247 |
| Tax % | 8 | 63 | 37 | 1 | 71 | 61 | 29 |
| Net Profit | -537 | -433 | -566 | -1206 | 39 | 56 | 185 |
| EPS in Rs | -4.48 | -3.61 | -3.26 | -4.18 | 0.13 | 0.19 | 0.62 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8303 | 11362 | 12972 | 14397 | 16512 | 17798 | 18232 | 18209 | 19203 | 20074 |
| Expenses | 3022 | 3119 | 3541 | 5051 | 5611 | 6443 | 8293 | 14908 | 12322 | 11833 |
| Operating Profit | 5280 | 8243 | 9431 | 9346 | 10900 | 11356 | 9939 | 3301 | 6881 | 8241 |
| OPM % | 64 | 73 | 73 | 65 | 66 | 64 | 55 | 18 | 36 | 41 |
| Other Income | 1151 | 1245 | 1570 | 2036 | 2276 | 2113 | 3088 | 3097 | 3088 | 3499 |
| Interest | 5069 | 7578 | 9151 | 10558 | 11830 | 12314 | 12496 | 11640 | 12224 | 12797 |
| Depreciation | 112 | 99 | 90 | 95 | 124 | 148 | 156 | 199 | 136 | 140 |
| Profit before tax | 1251 | 1811 | 1761 | 728 | 1223 | 1007 | 375 | -5441 | -2391 | -1197 |
| Tax % | 0 | 27 | 27 | 41 | 48 | 46 | 50 | -38 | 16 | 13 |
| Net Profit | 1255 | 1334 | 1285 | 440 | 656 | 558 | 207 | -3366 | -2742 | -1324 |
| EPS in Rs | 22.42 | 23.85 | 22.95 | 7.46 | 10.88 | 8.19 | 3.04 | -28.08 | -9.51 | -4.28 |
| Dividend Payout % | 25 | 23 | 22 | 15 | 18 | 6 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 560 | 560 | 560 | 590 | 603 | 681 | 681 | 1199 | 2884 | 3096 |
| Reserves | 5966 | 6941 | 7895 | 8172 | 9491 | 10345 | 10748 | 9738 | 10447 | 9345 |
| Borrowings | 99783 | 114078 | 134922 | 155073 | 170371 | 184057 | 204343 | 226405 | 230168 | 226863 |
| Other Liabilities | 3025 | 3685 | 4183 | 5565 | 7208 | 7604 | 10649 | 8770 | 10545 | 9289 |
| Total Liabilities | 109332 | 125264 | 147559 | 169400 | 187673 | 202687 | 226421 | 246111 | 254044 | 248592 |
| Fixed Assets | 311 | 314 | 318 | 407 | 1234 | 1317 | 1496 | 1476 | 1565 | 1496 |
| CWIP | 22 | 3 | 4 | 43 | 43 | 63 | 47 | 10 | 7 | 5 |
| Investments | 24434 | 30077 | 38376 | 46771 | 47874 | 56059 | 62389 | 67940 | 66915 | 65286 |
| Other Assets | 84565 | 94871 | 108861 | 122179 | 138522 | 145248 | 162489 | 176686 | 185557 | 181805 |
| Total Assets | 109332 | 125264 | 147559 | 169400 | 187673 | 202687 | 226421 | 246111 | 254044 | 248592 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1251 | -982 | -883 | 1883 | -3035 | 7801 | 9572 | -11922 | 14664 | -7534 |
| Cash from Investing Activity | -68 | -81 | -95 | -222 | -238 | -272 | -161 | -132 | -76 | -65 |
| Cash from Financing Activity | 611 | -637 | -637 | 1153 | 1327 | -6136 | -600 | 10332 | -15498 | 3653 |
| Net Cash Flow | -709 | -1700 | -1615 | 2815 | -1946 | 1394 | 8810 | -1722 | -910 | -3946 |
| Free Cash Flow | -1320 | -1063 | -978 | 1661 | -3273 | 7530 | 9413 | -12063 | 14581 | -7603 |
| CFO/OP | -7 | -2 | 1 | 27 | -24 | 74 | 101 | -359 | 228 | -77 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 132 | 80 | 8 | 36 | -39 | -29 | 107 | 128 | 71 | 57 |
| ROCE % | 7 | 8 | 8 | 7 | 8 | 7 | 6 | 3 | 4 | 5 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- |
| Promoters | 61.26% | 77.99% | 90.85% | 88.25% |
| FIIs | 5.51% | 2.69% | 1% | 0.62% |
| DIIs | 15.3% | 9.54% | 3.51% | 3.21% |
| Public | 17.93% | 9.78% | 4.64% | 7.92% |
| No. of Shareholders | 231792 | 220366 | 224806 | 238812 |

### Quarterly

| Category | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.26% | 69.77% | 69.77% | 77.99% | 77.99% | 77.99% | 84.83% | 90.85% | 87.81% | 87.81% | 87.81% | 88.25% |
| FIIs | 6.31% | 4.86% | 4.97% | 2.69% | 2.27% | 2.33% | 1.75% | 1% | 0.91% | 0.83% | 0.71% | 0.62% |
| DIIs | 15.66% | 12.31% | 12.7% | 9.54% | 9.25% | 8.42% | 5.82% | 3.51% | 3.31% | 3.32% | 3.36% | 3.21% |
| Public | 16.77% | 13.06% | 12.56% | 9.78% | 10.49% | 11.26% | 7.61% | 4.64% | 7.97% | 8.04% | 8.13% | 7.92% |
| No. of Shareholders | 227159 | 223133 | 212875 | 220366 | 223587 | 224851 | 225853 | 224806 | 239207 | 239460 | 239757 | 238812 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.55 | Sell |
| EMA (10) | 10.49 | Sell |
| SMA (20) | 12.36 | Sell |
| EMA (20) | 11.86 | Sell |
| SMA (50) | 14.76 | Sell |
| EMA (50) | 13.99 | Sell |
| SMA (100) | 16.26 | Sell |
| EMA (100) | 15.71 | Sell |
| SMA (200) | 18.29 | Sell |
| EMA (200) | 18.25 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 15.94 | Buy |
| MACD (12,26,9) | -1.65 | Sell |
| Stochastic (14,3,3) | 24.8 | Neutral |
| ADX (14) | 64.38 | Buy |
| Williams %R (14) | -78.36 | Neutral |
| ATR (14) | 0.86 | High Volatility |
| ROC (12) | -31.84 | Sell |
| Stoch RSI (14) | 24.85 | Neutral |
| UO (7,14,28) | 44.19 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 4 Jun 2019 - Outcome of 10th meeting of COC held on 3rd June, 2019 at Mumbai. | [Outcome Of 10Th Meeting Of COC 4 Jun 2019 - Outcome of 10th meeting of COC held on 3rd June, 2019 at Mumbai.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a954db38-804a-4590-a691-c97f2a17fb91.pdf) |
| 20 Jun 2019 - 'Due to non-receipt of any resolution plans until the expiry of 270th day of the Corporate Insolvency Resolution Process, the Resolution Professional has filed an … | [Filing Of Application For Liquidation Of The Company 20 Jun 2019 - 'Due to non-receipt of any resolution plans until the expiry of 270th day of the Corporate Insolvency Resolution Process, the Resolution Professional has filed an …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2491fd90-f200-4d7e-bd8e-25526e59f226.pdf) |
| 10 Jun 2019 - Outcome of 11th COC Meeting held on 6th June, 2019 at Mumbai. | [Outcome Of 11Th COC Meeting 10 Jun 2019 - Outcome of 11th COC Meeting held on 6th June, 2019 at Mumbai.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0aea9199-6a90-4f91-998d-37236c828f92.pdf) |
| — | [Amalgamation Of Andhra Bank Into Union Bank Of India 17 Mar 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffa4936b-d362-4916-b39f-bb5a2e847371.pdf) |
| — | [Amalgamation Of Andhra Bank Into Union Bank Of India 17 Mar 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ffa4936b-d362-4916-b39f-bb5a2e847371.pdf) |
| — | [Revised Form C Of SEBI (Prohibition Of Insider Trading) Regulations 2015 5 Mar 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04ff9cc0-70eb-4f62-ade1-da76e336761c.pdf) |
| — | [Equity Share Exchange Ratio For Amalgamation Of Andhra Bank Into Union Bank Of India, Scheme Of Amalgamation And Record Date 5 Mar 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7b97476-dfa2-4dc8-a3de-4cf7157c90db.pdf) |
| — | [Revised Form C Of SEBI (Prohibition Of Insider Trading) Regulations 2015 5 Mar 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04ff9cc0-70eb-4f62-ade1-da76e336761c.pdf) |
| — | [Equity Share Exchange Ratio For Amalgamation Of Andhra Bank Into Union Bank Of India, Scheme Of Amalgamation And Record Date 5 Mar 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7b97476-dfa2-4dc8-a3de-4cf7157c90db.pdf) |
| — | [Submission Of Form C Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 4 Mar 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4664de6-480e-4709-87dd-ff2b3d843b83.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c1fa01b-29c8-4389-b662-ac1ac0bba2e3.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c1fa01b-29c8-4389-b662-ac1ac0bba2e3.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8cf2da2-f00f-4b4e-8bd5-b6180df4d0b9.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/c8cf2da2-f00f-4b4e-8bd5-b6180df4d0b9.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a4dfcb9-cc8e-49e1-b3cb-792765174697.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fe15a1c-6d56-48f8-89eb-24406cb8b27a.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/4a4dfcb9-cc8e-49e1-b3cb-792765174697.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/8fe15a1c-6d56-48f8-89eb-24406cb8b27a.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e07ac99-6eb6-4433-ba9a-66df6376aef9.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e07ac99-6eb6-4433-ba9a-66df6376aef9.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_ANDHRABANK_2010_2011_22072011102635.zip) |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SUNILHITEC_2010_2011_12092011051818.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_ANDHRABANK_2009_2010_18082010121500.zip) |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_SUNILHITEC_2009_2010_21042011102627.zip) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180318.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180317.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T22:39:13.084Z.