---
title: "Vijaya Bank(Merged) (VIJAYABANK) — Share Price, Financials & Analysis"
symbol: "VIJAYABANK"
company: "Vijaya Bank(Merged)"
canonical: "https://tapetide.com/stocks/VIJAYABANK"
generated_at: "2026-10-13T11:02:27.706Z"
---

# Vijaya Bank(Merged) (VIJAYABANK)

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

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vijayabank.com

## About

Vijaya Bank (the Bank) is a public sector bank. The Bank offers various financial products and services, such as deposit products, loans and advances, card services, remittances and collection, and non-resident Indian (NRI) services.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.55 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.82% over past five years.
- Company has a low return on equity of 7.70% over last 3 years.
- Contingent liabilities of Rs.24,168 Cr.
- Company might be capitalizing the interest cost
- Working capital days have increased from 234 days to 386 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -12% | 18% | 4% |
| revenue growth | 17% | 1% | 7% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2956 | 3060 | 3128 | 3137 | 3055 | 3005 | 3054 | 3135 | 3396 | 3510 | 3634 | 3848 |
| Expenses | 1280 | 827 | 1035 | 1212 | 1169 | 1120 | 1180 | 1379 | 1242 | 1439 | 1293 | 1266 |
| Operating Profit | 1676 | 2232 | 2093 | 1925 | 1886 | 1885 | 1874 | 1756 | 2154 | 2071 | 2341 | 2582 |
| OPM % | 57 | 73 | 67 | 61 | 62 | 63 | 61 | 56 | 63 | 59 | 64 | 67 |
| Other Income | 273 | 235 | 388 | 577 | 450 | 505 | 447 | 316 | 332 | 425 | 297 | 258 |
| Interest | 2287 | 2277 | 2300 | 2231 | 2065 | 2061 | 2045 | 1981 | 2199 | 2304 | 2468 | 2661 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -339 | 191 | 181 | 271 | 271 | 329 | 276 | 91 | 287 | 193 | 170 | 179 |
| Tax % | -121 | 15 | 15 | 15 | 25 | 23 | 33 | 12 | 28 | 25 | 18 | 20 |
| Net Profit | 71 | 162 | 155 | 230 | 204 | 255 | 185 | 80 | 207 | 144 | 140 | 143 |
| EPS in Rs | 0.76 | 1.62 | 1.55 | 2.31 | 2.04 | 2.55 | 1.67 | 0.72 | 1.59 | 1.11 | 1.07 | 1.1 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5201 | 5844 | 7988 | 9052 | 10707 | 12274 | 12084 | 12379 | 12590 | 14389 |
| Expenses | 1378 | 1826 | 1743 | 1867 | 2281 | 2716 | 3404 | 4158 | 4817 | 5240 |
| Operating Profit | 3822 | 4018 | 6246 | 7185 | 8426 | 9557 | 8679 | 8221 | 7773 | 9149 |
| OPM % | 74 | 69 | 78 | 79 | 79 | 78 | 72 | 66 | 62 | 64 |
| Other Income | 679 | 533 | 528 | 607 | 710 | 878 | 873 | 1649 | 1599 | 1313 |
| Interest | 3752 | 3897 | 6085 | 7174 | 8623 | 9981 | 9323 | 8873 | 8287 | 9633 |
| Depreciation | 49 | 46 | 40 | 41 | 64 | 55 | 71 | 83 | 102 | 0 |
| Profit before tax | 701 | 608 | 649 | 577 | 448 | 400 | 158 | 914 | 983 | 829 |
| Tax % | 28 | 14 | 11 | -2 | 7 | -10 | -141 | 18 | 26 | — |
| Net Profit | 507 | 524 | 581 | 586 | 416 | 439 | 382 | 750 | 727 | 635 |
| EPS in Rs | — | 11.08 | 11.73 | 11.82 | 4.84 | 5.11 | 4.09 | 7.51 | 5.57 | 4.87 |
| Dividend Payout % | 21 | 23 | 21 | 21 | 41 | 29 | 0 | 20 | 22 | — |

### Balance Sheet

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 434 | 473 | 496 | 496 | 859 | 859 | 933 | 999 | 1304 | 1304 |
| Reserves | 2542 | 3144 | 3557 | 3863 | 5029 | 5301 | 6692 | 7153 | 9323 | 9589 |
| Borrowings | 64370 | 76474 | 89674 | 104609 | 129041 | 133622 | 135741 | 144074 | 164587 | 174506 |
| Other Liabilities | 2877 | 1923 | 2038 | 2014 | 2430 | 2811 | 2043 | 2656 | 2418 | 2780 |
| Total Liabilities | 70222 | 82013 | 95764 | 110982 | 137359 | 142592 | 145409 | 154882 | 177632 | 188180 |
| Fixed Assets | 493 | 486 | 487 | 477 | 529 | 567 | 1287 | 1317 | 1300 | 1287 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Investments | 21107 | 25139 | 28644 | 31285 | 42585 | 40758 | 41842 | 44425 | 39512 | 42219 |
| Other Assets | 48621 | 56389 | 66633 | 79220 | 94244 | 101267 | 102278 | 109138 | 136819 | 144674 |
| Total Assets | 70222 | 82013 | 95764 | 110982 | 137359 | 142592 | 145409 | 154882 | 177632 | 188180 |

### Cash Flow

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2520 | -1775 | — | — | — | — | — | — | — | — |
| Cash from Investing Activity | -22 | -49 | — | — | — | — | — | — | — | — |
| Cash from Financing Activity | -922 | -299 | — | — | — | — | — | — | — | — |
| Net Cash Flow | 1575 | -2123 | — | — | — | — | — | — | — | — |
| Free Cash Flow | 2497 | -1824 | — | — | — | — | — | — | — | — |
| CFO/OP | 64 | -46 | — | — | — | — | — | — | — | — |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 | 55 | -2 | 50 | 101 | 141 | 165 | 156 | 144 | 172 | 386 |
| ROCE % | 8 | 7 | 6 | 8 | 8 | 7 | 8 | 7 | 7 | 6 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Dec 2018 |
| --- | --- | --- | --- |
| Promoters | 70.33% | 68.77% | 68.77% |
| FIIs | 3.21% | 5.05% | 4.63% |
| DIIs | 14.71% | 13.18% | 14.59% |
| Government | 0.01% | 0.01% | 0% |
| Public | 11.74% | 12.99% | 12.01% |
| No. of Shareholders | 251759 | 252697 | 251490 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.33% | 70.33% | 70.33% | 70.33% | 70.33% | 63.3% | 63.3% | 68.77% | 68.77% | 68.77% | 68.77% |
| FIIs | 2.3% | 2.35% | 2.43% | 3.21% | 3.65% | 5.72% | 5.91% | 5.05% | 5% | 4.91% | 4.63% |
| DIIs | 14.38% | 14.46% | 14.46% | 14.71% | 14.65% | 19.63% | 16.7% | 13.18% | 13.29% | 14.06% | 14.59% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0% | 0% | 0% |
| Public | 12.98% | 12.84% | 12.77% | 11.74% | 11.36% | 11.35% | 14.09% | 12.99% | 12.94% | 12.26% | 12.01% |
| No. of Shareholders | 271080 | 266035 | 261796 | 251759 | 245323 | 248834 | 255890 | 252697 | 251411 | 252358 | 251490 |

## 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) | 167.96 | Sell |
| EMA (10) | 165.99 | Sell |
| SMA (20) | 171.07 | Sell |
| EMA (20) | 170.61 | Sell |
| SMA (50) | 179.32 | Sell |
| EMA (50) | 182.19 | Sell |
| SMA (100) | 206.15 | Sell |
| EMA (100) | 197.88 | Sell |
| SMA (200) | 220.92 | Sell |
| EMA (200) | 207.17 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.11 | Neutral |
| MACD (12,26,9) | -5.67 | Sell |
| Stochastic (14,3,3) | 10.75 | Buy |
| ADX (14) | 16.7 | Neutral |
| Williams %R (14) | -83.54 | Buy |
| ATR (14) | 7.4 | High Volatility |
| ROC (12) | -8.57 | Sell |
| Stoch RSI (14) | 20 | Neutral |
| UO (7,14,28) | 32.62 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2019-02-28 | [Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd9770c1-507e-4eeb-ad02-fbd1def2d764.pdf) |
| 2019-02-28 | [Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd9770c1-507e-4eeb-ad02-fbd1def2d764.pdf) |
| 2019-02-21 | [Record Date for Scheme of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C1742186_3563_4CAC_989B_5D91802E7FCF_153411.pdf) |
| 2019-02-21 | [Amalgamation Of Vijaya Bank And Dena Bank With Bank Of Baroda- Intimation Of Record Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5170e00f-2d97-4ac4-976c-454db1848686.pdf) |
| 2019-02-21 | [Scheme Of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2fbae54-0a6e-4d6b-92d9-45c881206bc4.pdf) |
| 2019-02-21 | [Record Date for Scheme of Amalgamation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/C1742186_3563_4CAC_989B_5D91802E7FCF_153411.pdf) |
| 2019-02-21 | [Amalgamation Of Vijaya Bank And Dena Bank With Bank Of Baroda- Intimation Of Record Date](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5170e00f-2d97-4ac4-976c-454db1848686.pdf) |
| 2019-02-21 | [Scheme Of Amalgamation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2fbae54-0a6e-4d6b-92d9-45c881206bc4.pdf) |
| 2019-02-13 | [Loss of Share Certificate / Issue of Duplicate Share Certificate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=952D2123_8057_4F21_AEF8_5618F1C57533_182439.pdf) |
| 2019-02-13 | [Loss of Share Certificate / Issue of Duplicate Share Certificate](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/952D2123_8057_4F21_AEF8_5618F1C57533_182439.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532401/5324010310.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_VIJAYABANK_2009_2010_14092010120000.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2017 | [Concall - Oct 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c057285-f7ca-4922-a544-9e994e08726d.pdf) |
| Jul 2017 | [Concall - Jul 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8125ffe4-d231-46ba-9cd7-f38aaa2b1489.pdf) |
| Jul 2017 | [Concall - Jul 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ba7355f-36ae-4499-a1ae-e99bc7e5d23a.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2018-10-22 | Credit rating update — India Ratings |
| 2018-09-28 | Credit rating update — ICRA |
| 2018-09-26 | Credit rating update — CARE Ratings |
| 2018-08-06 | Credit rating update — ICRA |
| 2018-01-12 | Credit rating update — CARE Ratings |
| 2017-10-31 | Credit rating update — India Ratings |

---

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 2026-10-13T11:02:27.706Z.