---
title: "State Bank of Mysore(Merged) (MYSOREBANK) — Share Price, Financials & Analysis"
symbol: "MYSOREBANK"
company: "State Bank of Mysore(Merged)"
canonical: "https://tapetide.com/stocks/MYSOREBANK"
isin: "INE651A01020"
nse_symbol: "MYSOREBANK"
generated_at: "2026-10-13T11:02:29.473Z"
---

# State Bank of Mysore(Merged) (MYSOREBANK)

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

## Company

- **NSE Symbol:** MYSOREBANK
- **ISIN:** INE651A01020
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** statebankofmysore.co.in

## About

State Bank of Mysore (the Bank) is an India-based bank. The bank is an associate of the State Bank of India. The Bank had a network of 905 Branches and nine Extension Counters spread all over India including six Small and Medium Enterprise Branches, four Industrial Finance Branches, three Corporate Accounts Branches, seven Specialized Personal & Services Banking Branches, nine Agricultural Development Branches, three Government Business Branches, two Specialized non-resident Indian (NRI) Branches, offering a range of services to the customers besides five Service Branches and one Asset Recovery Branch rendering backup support to the Bank.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.63 times its book value
- Company's median sales growth is 16.0% of last 10 years

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.8% over past five years.
- Company has a low return on equity of 7.32% over last 3 years.
- Contingent liabilities of Rs.42,984 Cr.
- Earnings include an other income of Rs.1,026 Cr.
- Dividend payout has been low at 6.78% of profits over last 3 years
- Working capital days have increased from 29.4 days to 61.6 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -247% | -5% | -6% |
| revenue growth | -3% | 6% | 12% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1642 | 1715 | 1719 | 1715 | 1792 | 1798 | 1806 | 1748 | 1776 | 1764 | 1675 | 1749 |
| Expenses | 596 | 562 | 548 | 505 | 595 | 552 | 504 | 684 | 700 | 1479 | 946 | 821 |
| Operating Profit | 1047 | 1153 | 1171 | 1210 | 1197 | 1246 | 1302 | 1064 | 1076 | 285 | 729 | 929 |
| OPM % | 64 | 67 | 68 | 71 | 67 | 69 | 72 | 61 | 61 | 16 | 44 | 53 |
| Other Income | 182 | 153 | 182 | 173 | 260 | 154 | 164 | 192 | 300 | 223 | 273 | 230 |
| Interest | 1125 | 1187 | 1205 | 1222 | 1239 | 1262 | 1280 | 1242 | 1229 | 1222 | 1225 | 1199 |
| Depreciation | 20 | 14 | 16 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 83 | 105 | 131 | 142 | 218 | 138 | 186 | 14 | 147 | -714 | -223 | -41 |
| Tax % | -28 | 29 | 22 | 33 | 38 | 32 | 29 | -89 | 29 | -34 | -18 | -51 |
| Net Profit | 107 | 75 | 102 | 96 | 136 | 94 | 132 | 27 | 105 | -472 | -184 | -20 |
| EPS in Rs | 22.25 | 15.58 | 21.23 | 20.03 | 28.33 | 19.6 | 27.5 | 5.61 | 21.85 | -98.31 | -38.24 | -4.22 |

### Profit & Loss

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2494 | 3247 | 3559 | 4079 | 5078 | 5965 | 6323 | 6940 | 7128 | 6964 |
| Expenses | 665 | 814 | 917 | 1300 | 1593 | 1694 | 2210 | 2193 | 2365 | 3946 |
| Operating Profit | 1829 | 2434 | 2642 | 2779 | 3486 | 4271 | 4113 | 4747 | 4762 | 3018 |
| OPM % | 73 | 75 | 74 | 68 | 69 | 72 | 65 | 68 | 67 | 43 |
| Other Income | 433 | 515 | 426 | 455 | 516 | 596 | 573 | 768 | 810 | 1026 |
| Interest | 1732 | 2409 | 2322 | 2443 | 3494 | 4125 | 4396 | 4853 | 5012 | 4875 |
| Depreciation | 58 | 43 | 42 | 50 | 50 | 47 | 61 | 66 | 74 | 0 |
| Profit before tax | 472 | 497 | 704 | 742 | 458 | 695 | 227 | 596 | 486 | -831 |
| Tax % | 32 | 32 | 37 | 33 | 19 | 40 | -21 | 31 | 26 | — |
| Net Profit | 319 | 337 | 446 | 501 | 369 | 416 | 274 | 409 | 358 | -571 |
| EPS in Rs | — | — | — | 106.97 | 78.88 | 88.91 | 57.14 | 85.17 | 74.55 | -118.92 |
| Dividend Payout % | 11 | 11 | 8 | 9 | 13 | 13 | 5 | 7 | 8 | — |

### Balance Sheet

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Sep 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 36 | 36 | 36 | 47 | 47 | 47 | 48 | 48 | 48 | 48 |
| Reserves | 1342 | 2235 | 2629 | 3637 | 3942 | 4286 | 4501 | 4884 | 5194 | 4547 |
| Borrowings | 29194 | 36743 | 41154 | 46533 | 54612 | 60823 | 67034 | 71752 | 74863 | 77254 |
| Other Liabilities | 2498 | 1472 | 1590 | 1816 | 1803 | 2077 | 2393 | 2784 | 2870 | 2452 |
| Total Liabilities | 33070 | 40486 | 45409 | 52032 | 60404 | 67233 | 73976 | 79469 | 82975 | 84301 |
| Fixed Assets | 123 | 731 | 733 | 725 | 742 | 818 | 850 | 922 | 954 | 985 |
| CWIP | 0 | 0 | 0 | 0 | 8 | 6 | 10 | 15 | 17 | 0 |
| Investments | 8403 | 11378 | 11494 | 12927 | 14733 | 16775 | 19190 | 18066 | 20124 | 20010 |
| Other Assets | 24544 | 28376 | 33182 | 38380 | 44921 | 49634 | 53926 | 60466 | 61880 | 63306 |
| Total Assets | 33070 | 40486 | 45409 | 52032 | 60404 | 67233 | 73976 | 79469 | 82975 | 84301 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 955 | 347 | -563 | 938 | -407 | 679 | 394 | -365 | 1734 | -275 |
| Cash from Investing Activity | -30 | -47 | -54 | -52 | -58 | -88 | -84 | -150 | -270 | -110 |
| Cash from Financing Activity | 156 | 168 | -147 | -50 | 426 | -168 | -168 | -49 | -149 | -171 |
| Net Cash Flow | 1080 | 468 | -763 | 837 | -39 | 422 | 142 | -564 | 1315 | -556 |
| Free Cash Flow | 924 | 300 | -617 | 887 | -465 | 590 | 310 | -515 | 1464 | -384 |
| CFO/OP | 92 | 29 | -14 | 46 | -10 | 26 | 15 | -7 | 39 | -4 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 | -319 | -246 | -56 | -82 | -17 | 9 | 6 | -56 | 82 | 62 |
| ROCE % | 7 | 8 | 8 | 7 | 7 | 7 | 8 | 7 | 7 | 7 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 90% |
| FIIs | 0.05% |
| DIIs | 2.51% |
| Public | 7.44% |
| No. of Shareholders | 27339 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 90% | 90% | 90% |
| FIIs | 0% | 0.03% | 0.05% |
| DIIs | 2.69% | 2.51% | 2.51% |
| Public | 7.31% | 7.46% | 7.44% |
| No. of Shareholders | 27662 | 28433 | 27339 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2017-03-03 | [Outcome of Committee Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=685ca4db-4153-424f-b1cf-87bb47ecd07f.pdf) |
| 2017-03-03 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfb7279a-960d-4974-8afc-80cb53bbb450.pdf) |
| 2017-03-03 | [Outcome of Committee Meeting](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/685ca4db-4153-424f-b1cf-87bb47ecd07f.pdf) |
| 2017-03-03 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/cfb7279a-960d-4974-8afc-80cb53bbb450.pdf) |
| 2017-02-23 | [Updates on Acquisition of State Bank of Mysore (SBM) by SBI](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69B54BF3_FB9B_469F_AB5A_2E21C48FD205_190327.pdf) |
| 2017-02-23 | [Updates on Acquisition of State Bank of Mysore (SBM) by SBI](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/69B54BF3_FB9B_469F_AB5A_2E21C48FD205_190327.pdf) |
| 2017-02-22 | [Proposed All India Bank Strike by United Forum of Bank Unions (UFBU) on Feb 28, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=436E4A5E_9FB5_4BF2_8A1B_E3681215DFD8_165144.pdf) |
| 2017-02-22 | [Proposed All India Bank Strike by United Forum of Bank Unions (UFBU) on Feb 28, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/436E4A5E_9FB5_4BF2_8A1B_E3681215DFD8_165144.pdf) |
| 2017-02-16 | [Acquisition of State Bank of Mysore (SBM) by State Bank of India (SBI)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=530180FC_EB91_4C64_B5F9_A808626DBEDC_114022.pdf) |
| 2017-02-16 | [Acquisition of State Bank of Mysore (SBM) by State Bank of India (SBI)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/530180FC_EB91_4C64_B5F9_A808626DBEDC_114022.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532200/5322000310.pdf) |
| 2009 | [Annual Report 2009](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/STATE_BANK_OF_MYSORE-532200-MARCH-2009.PDF) |
| 2008 | [Annual Report 2008](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2008/STATE_BANK_OF_MYSORE-532200-MARCH-2008.PDF) |
| 2007 | [Annual Report 2007](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2007/STATE_BANK_OF_MYSORE-532200-MARCH-2007.PDF) |

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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 2026-10-13T11:02:29.473Z.