This comprehensive comparison ranks all 10 development banks by EPS and ROE, and identifies which stocks offer the best value for your investment based on Q2 2082/83 data.
EPS Ranking — All Development Banks Q2 2082/83
| Rank | Bank | EPS (Rs) | PE Ratio | LTP (Rs) | Value? |
|---|---|---|---|---|---|
| 1 | GBBL | 21.10 | 17.12x | 397 | Best Value |
| 2 | KSBBL | 20.43 | 24.94x | 456.9 | Fair |
| 3 | MLBL | 16.80 | 32.94x | 367 | Pricey |
| 4 | MNBBL | 16.63 | 17.10x | 363.3 | Great Value |
| 5 | SADBL | 16.21 | 23.80x | 409.8 | Fair |
| 6 | SHINE | 16.10 | 26.40x | 400.5 | Fair |
| 7 | LBBL | 15.75 | 33.59x | 480 | Expensive |
| 8 | JBBL | 14.16 | 201.2x | 336 | Extreme! |
| 9 | EDBL | 14.17 | 33.83x | 595.4 | Expensive |
| 10 | MDB | 9.37 | 48.23x | 640 | Very Expensive |
Key Insight: GBBL leads EPS at Rs 21.10 with a PE of just 17.12x — making it the clear value champion. MNBBL, ranked 4th in EPS, actually offers the lowest PE at 17.10x, making it another excellent value pick. Meanwhile, MDB has the lowest EPS (Rs 9.37) but the second-highest price (Rs 640), resulting in a bloated PE of 48.23x.
ROE Ranking — All Development Banks Q2 2082/83
| Rank | Bank | ROE (%) | ROA (%) | NPL (%) | Quality |
|---|---|---|---|---|---|
| 1 | MLBL | 14.14% | 1.36% | 3.75% | High |
| 2 | GBBL | 14.00% | 1.24% | 4.78% | High |
| 3 | KSBBL | 13.56% | 1.10% | 4.10% | Good |
| 4 | MNBBL | 11.54% | 1.02% | 3.75% | Good |
| 5 | SHINE | 11.24% | 1.00% | 4.75% | Moderate |
| 6 | SADBL | 11.10% | 0.94% | 6.87% | Poor |
| 7 | JBBL | 9.30% | 0.84% | 7.82% | Poor |
| 8 | LBBL | 8.46% | 0.84% | 0.00% | Safe |
| 9 | EDBL | 8.42% | 0.94% | 7.07% | Poor |
| 10 | MDB | 6.96% | 1.24% | 0.45% | Safe |
Key Insight: MLBL and GBBL dominate the ROE rankings at over 14%, demonstrating superior equity efficiency. Interestingly, LBBL ranks 8th in ROE but has the best NPL (0%) — showing that low risk doesn't always mean high returns. SADBL and JBBL combine mid-range ROE with dangerously high NPL, a toxic combination.
EPS vs PE: Who Gives the Best Value?
The most important question for value investors: which banks offer the highest earnings at the lowest price multiple? We analyze EPS against PE to identify the sweet spots.
| Bank | EPS (Rs) | PE Ratio | EPS/PE Score | Zone |
|---|---|---|---|---|
| MNBBL | 16.63 | 17.10x | 0.97 | Best Value |
| GBBL | 21.10 | 17.12x | 1.23 | Best Value |
| KSBBL | 20.43 | 24.94x | 0.82 | Fair Value |
| SADBL | 16.21 | 23.80x | 0.68 | Fair Value |
| SHINE | 16.10 | 26.40x | 0.61 | Fair Value |
| MLBL | 16.80 | 32.94x | 0.51 | Pricey |
| LBBL | 15.75 | 33.59x | 0.47 | Expensive |
| EDBL | 14.17 | 33.83x | 0.42 | Expensive |
| MDB | 9.37 | 48.23x | 0.19 | Very Expensive |
| JBBL | 14.16 | 201.2x | 0.07 | Extreme! |
ROE vs NPL: Quality Check
High ROE is meaningless if it comes with high credit risk. Let's check which banks deliver strong returns without compromising on asset quality.
The Winners: High ROE + Manageable NPL
- MLBL: ROE 14.14% with NPL 3.75% — Best combo of high returns and controlled risk
- GBBL: ROE 14.00% with NPL 4.78% — Strong returns, NPL slightly elevated but manageable
- KSBBL: ROE 13.56% with NPL 4.10% — Excellent returns with acceptable risk levels
- MNBBL: ROE 11.54% with NPL 3.75% — Good returns with same NPL as MLBL
The Losers: Poor ROE + High NPL
- JBBL: ROE 9.30% with NPL 7.82% — Low returns, highest risk. Worst combination.
- EDBL: ROE 8.42% with NPL 7.07% — Below-average returns, very high risk
- SADBL: ROE 11.10% with NPL 6.87% — Decent returns but NPL erodes the value proposition
The Safe Plays: Low ROE + Very Low NPL
- LBBL: ROE 8.46% with NPL 0% — Lower returns but virtually zero credit risk
- MDB: ROE 6.96% with NPL 0.45% — Lowest ROE but nearly zero NPL
Best EPS-Value Combinations
Top Value Picks Based on EPS Analysis
1. GBBL — Best Overall Value
Highest EPS (Rs 21.10) + Lowest PE tier (17.12x) + Strong ROE (14.00%). GBBL offers the most earnings per rupee invested. The PE of 17.12x means you're getting premium earnings at a discount price.
2. MNBBL — Best Pure Value Play
Lowest PE ratio (17.10x) + Good EPS (Rs 16.63) + Good ROE (11.54%) + Low NPL (3.75%). MNBBL is the cheapest development bank stock relative to its earnings with clean fundamentals.
3. KSBBL — Premium Quality Pick
Second-highest EPS (Rs 20.43) + Strong ROE (13.56%). You pay a slight premium (PE 24.94x) but get quality. Best for investors who prioritize earnings power over deep value.
4. MLBL — ROE Champion
Highest ROE (14.14%) + Good EPS (Rs 16.80). The PE of 32.94x is elevated, but the return on equity justifies a premium for growth-oriented investors.
Conclusion
The development bank sector shows clear winners and losers in Q2 2082/83. GBBL and MNBBL stand out as the best EPS-value combinations with PE ratios under 18x and strong fundamentals. MLBL and KSBBL offer premium quality at higher valuations. At the bottom, JBBL and MDB represent the worst value — JBBL with its extreme 201.2x PE and MDB with the lowest EPS at Rs 9.37 paired with a 48.23x PE.
For value-focused investors, the development bank sweet spot lies in the GBBL-MNBBL-KSBBL cluster, where strong earnings meet reasonable valuations.