---
title: "State Bank of Travancore(Merged) (SBT) — Share Price, Financials & Analysis"
symbol: "SBT"
company: "State Bank of Travancore(Merged)"
canonical: "https://tapetide.com/stocks/SBT"
isin: "INE654A01024"
nse_symbol: "SBT"
generated_at: "2026-10-13T10:58:15.897Z"
---

# State Bank of Travancore(Merged) (SBT)

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

## Company

- **NSE Symbol:** SBT
- **ISIN:** INE654A01024
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** statebankoftravancore.com

## About

State Bank of Travancore,incorporated in India, listed on the Bombay Stock Exchange Limited, and National Stock Exchange Limited, the company is engaged in Corporate / Wholesale Banking,Retail Banking,Treasury and,Other Banking Operations

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.83 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 6.17% over last 3 years.
- Contingent liabilities of Rs.45,475 Cr.
- Earnings include an other income of Rs.1,586 Cr.
- Dividend payout has been low at 7.82% of profits over last 3 years
- Working capital days have increased from 37.1 days to 106 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -386% | -18% | -14% |
| revenue growth | -1% | 4% | 13% |

## 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 | 2484 | 2424 | 2436 | 2377 | 2332 | 2391 | 2416 | 2414 | 2387 | 2352 | 2376 | 2366 |
| Expenses | 749 | 669 | 722 | 720 | 626 | 754 | 729 | 773 | 948 | 1642 | 1313 | 1023 |
| Operating Profit | 1735 | 1754 | 1715 | 1657 | 1705 | 1637 | 1687 | 1640 | 1439 | 710 | 1063 | 1343 |
| OPM % | 70 | 72 | 70 | 70 | 73 | 68 | 70 | 68 | 60 | 30 | 45 | 57 |
| Other Income | 289 | 221 | 173 | 250 | 372 | 261 | 226 | 246 | 415 | 351 | 400 | 421 |
| Interest | 1869 | 1898 | 1854 | 1783 | 1750 | 1735 | 1772 | 1793 | 1756 | 1765 | 1757 | 1764 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 155 | 77 | 33 | 124 | 327 | 163 | 142 | 94 | 98 | -704 | -294 | -1 |
| Tax % | 69 | 35 | 42 | 40 | 41 | 50 | 28 | 3 | 36 | 6 | 100 | 7689 |
| Net Profit | 49 | 50 | 19 | 74 | 192 | 81 | 103 | 91 | 62 | -743 | -588 | -68 |
| EPS in Rs | — | 8.44 | 3.24 | 12.54 | 27 | 11.44 | 14.46 | 12.86 | 8.74 | -104.49 | -82.66 | -9.53 |

### 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 | 3434 | 4123 | 4378 | 5229 | 6896 | 8635 | 9707 | 9569 | 9609 | 9481 |
| Expenses | 828 | 1021 | 998 | 1348 | 1681 | 1828 | 2618 | 2654 | 3110 | 4927 |
| Operating Profit | 2606 | 3102 | 3380 | 3880 | 5215 | 6807 | 7088 | 6915 | 6499 | 4554 |
| OPM % | 76 | 75 | 77 | 74 | 76 | 79 | 73 | 72 | 68 | 48 |
| Other Income | 447 | 582 | 528 | 581 | 581 | 653 | 852 | 1015 | 1148 | 1586 |
| Interest | 2477 | 2841 | 2978 | 3533 | 4998 | 6507 | 7323 | 7285 | 7055 | 7042 |
| Depreciation | 48 | 41 | 43 | 47 | 50 | 59 | 80 | 84 | 95 | 0 |
| Profit before tax | 528 | 802 | 888 | 882 | 747 | 895 | 537 | 560 | 497 | -901 |
| Tax % | 27 | 24 | 23 | 17 | 32 | 31 | 43 | 40 | 32 | — |
| Net Profit | 386 | 608 | 684 | 728 | 510 | 615 | 304 | 336 | 338 | -1336 |
| EPS in Rs | — | — | — | — | — | — | — | 47.19 | 47.5 | -187.94 |
| Dividend Payout % | 13 | 11 | 12 | 12 | 18 | 16 | 4 | 9 | 11 | — |

### 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 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 59 | 71 | 71 |
| Reserves | 1668 | 2200 | 2791 | 3414 | 3816 | 4315 | 4910 | 5667 | 5950 | 5170 |
| Borrowings | 38203 | 44589 | 54134 | 63884 | 79077 | 93371 | 96155 | 94873 | 104068 | 107949 |
| Other Liabilities | 4183 | 2511 | 2481 | 3629 | 3043 | 3843 | 4171 | 4996 | 4417 | 3302 |
| Total Liabilities | 44105 | 49349 | 59455 | 70977 | 85987 | 101579 | 105285 | 105595 | 114507 | 116493 |
| Fixed Assets | 166 | 172 | 203 | 221 | 243 | 286 | 339 | 432 | 445 | 988 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11353 | 13232 | 15844 | 17927 | 22438 | 27226 | 27941 | 24819 | 36062 | 38940 |
| Other Assets | 32585 | 35946 | 43407 | 52828 | 63306 | 74068 | 77005 | 80344 | 78000 | 76564 |
| Total Assets | 44105 | 49349 | 59455 | 70977 | 85987 | 101579 | 105285 | 105595 | 114507 | 116493 |

### 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 | 1127 | 630 | -955 | 2111 | — | — | — | — | — | — |
| Cash from Investing Activity | -38 | -54 | -47 | -74 | — | — | — | — | — | — |
| Cash from Financing Activity | 178 | 461 | -231 | -358 | — | — | — | — | — | — |
| Net Cash Flow | 1267 | 1037 | -1233 | 1679 | — | — | — | — | — | — |
| Free Cash Flow | 1089 | 576 | -1002 | 2037 | — | — | — | — | — | — |
| CFO/OP | 67 | 32 | -23 | 67 | — | — | — | — | — | — |

### 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 | -331 | -332 | -147 | -97 | -123 | 5 | -81 | -41 | 46 | 106 |
| ROCE % | 7 | 8 | 8 | 7 | 7 | 8 | 8 | 8 | 8 | 7 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 79.09% |
| FIIs | 0.78% |
| DIIs | 1.72% |
| Government | 0.91% |
| Public | 17.5% |
| No. of Shareholders | 58217 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 79.09% | 79.09% | 79.09% |
| FIIs | 0.31% | 0.58% | 0.78% |
| DIIs | 1.9% | 1.96% | 1.72% |
| Government | 0.91% | 0.91% | 0.91% |
| Public | 17.79% | 17.46% | 17.5% |
| No. of Shareholders | 61633 | 60664 | 58217 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 6 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 214.61 | Buy |
| EMA (10) | 217.94 | Buy |
| SMA (20) | 209 | Buy |
| EMA (20) | 211.32 | Buy |
| SMA (50) | 203.51 | Buy |
| EMA (50) | 204.5 | Buy |
| SMA (100) | 202.25 | Buy |
| EMA (100) | 194.7 | Buy |
| SMA (200) | 170.12 | Buy |
| EMA (200) | 174.44 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 66.91 | Neutral |
| MACD (12,26,9) | 6.91 | Buy |
| Stochastic (14,3,3) | 56.46 | Neutral |
| ADX (14) | 22.14 | Neutral |
| Williams %R (14) | -23.42 | Neutral |
| ATR (14) | 18.46 | High Volatility |
| ROC (12) | 23.99 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 33.73 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2017-03-31 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5461ae8-4a88-4067-9525-62d98659b07e.pdf) |
| 2017-03-31 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb26f221-e593-4a11-8817-a6af2560c371.pdf) |
| 2017-03-31 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/e5461ae8-4a88-4067-9525-62d98659b07e.pdf) |
| 2017-03-31 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/cb26f221-e593-4a11-8817-a6af2560c371.pdf) |
| 2017-03-30 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34453b67-3021-40df-a207-96cf6a1c5a0d.pdf) |
| 2017-03-30 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/34453b67-3021-40df-a207-96cf6a1c5a0d.pdf) |
| 2017-03-28 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c6d49dd-8ea3-4961-ad9d-b47cce614731.pdf) |
| 2017-03-28 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/6c6d49dd-8ea3-4961-ad9d-b47cce614731.pdf) |
| 2017-03-03 | [Record Date: 17Th March, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6dd56926-3938-4b7d-b809-e0df07cda239.pdf) |
| 2017-03-03 | [Record Date: 17Th March, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/6dd56926-3938-4b7d-b809-e0df07cda239.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532191/5321910310.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_SBT_2009_2010_18082010121500.zip) |
| 2009 | [Annual Report 2009](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/STATE_BANK_OF_TRAVANCORE-532191-MARCH-2009.PDF) |
| 2008 | [Annual Report 2008](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2008/STATE_BANK_OF_TRAVANCORE-532191-MARCH-2008.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Apr 2016 | [Concall - Apr 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01ED4695_EE42_4EFD_8EB4_625BD265EF5A_083027.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 2026-10-13T10:58:15.897Z.