Karur Vysya Bank Ltd

Karur Vysya Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Karur Vysya Bank Ltd

₹ 215 -1.03%
21 Nov - close price
kvb.co.in BSE: 590003 NSE: KARURVYSYA
About

Karur Vysya Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations.[1]

Key Points

Business Segments FY24
1) Retail Banking (64%): [1] Comprises lending of funds and other banking services.
2) Corporate/Wholesale Banking (~18%): Includes all advances to trusts, partnership firms, companies, and statutory bodies not included under Retail Banking.
3) Treasury (17%): Comprises investments in Central and State Government securities, debt instruments of Banks, FIs, equity shares, mutual funds, security receipts, etc., and forward contracts, derivatives, and foreign exchange operations.
4) Other Banking Operations (~1%): Includes para-banking activities like bancassurance, third-party product distribution, demat services, and deposits in RIDF, MSME Funds, etc. [2]

Website BSE NSE
  • Market Cap ₹ 17,273 Cr.
  • Current Price ₹ 215
  • High / Low ₹ 240 / 150
  • Stock P/E 9.60
  • Book Value ₹ 125
  • Dividend Yield 1.12 %
  • ROCE 6.89 %
  • ROE 17.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 50.1% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.12% over past five years.
  • Promoter holding is low: 2.13%
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.16,466 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1,847 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Part of Nifty Smallcap 50 Nifty Smallcap 250 Nifty Smallcap 100 Nifty 500 Nifty MidSmallcap 400

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 1,398 1,405 1,409 1,474 1,579 1,695 1,768 1,883 1,997 2,139 2,185 2,285 2,384
Interest 718 717 699 728 758 806 876 986 1,082 1,138 1,189 1,260 1,324
634 627 614 624 718 882 847 741 743 833 1,051 800 896
Financing Profit 47 60 96 122 104 7 45 156 173 168 -55 225 164
Financing Margin % 3% 4% 7% 8% 7% 0% 3% 8% 9% 8% -3% 10% 7%
163 196 205 199 242 317 401 333 339 358 629 388 472
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 210 255 301 321 345 325 446 489 512 526 574 613 636
Tax % 21% 27% 29% 29% 28% 11% 24% 27% 26% 22% 20% 25% 26%
165 185 213 229 250 289 338 359 378 412 456 459 474
EPS in Rs 2.07 2.32 2.67 2.86 3.13 3.61 4.21 4.47 4.72 5.12 5.67 5.70 5.89
Gross NPA % 7.38% 6.97% 6.03% 5.28% 4.02% 2.70% 2.27% 1.99% 1.73% 1.58% 1.40% 1.32% 1.10%
Net NPA % 2.99% 2.55% 2.31% 1.93% 1.38% 0.90% 0.74% 0.59% 0.47% 0.42% 0.40% 0.38% 0.28%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 4,242 5,116 5,396 5,443 5,622 5,700 5,816 5,990 5,470 5,588 6,517 8,204 8,992
Interest 3,084 3,832 3,930 3,662 3,549 3,402 3,453 3,642 3,111 2,872 3,168 4,395 4,911
829 1,378 1,503 1,494 1,887 2,609 2,902 3,112 2,620 2,434 2,965 3,267 3,579
Financing Profit 329 -94 -37 288 187 -311 -539 -764 -260 281 384 542 502
Financing Margin % 8% -2% -1% 5% 3% -5% -9% -13% -5% 5% 6% 7% 6%
453 564 590 707 782 900 963 1,155 919 769 1,159 1,659 1,847
Depreciation 56 75 81 83 86 85 101 119 124 119 106 100 0
Profit before tax 725 395 471 912 883 504 322 272 534 931 1,437 2,100 2,349
Tax % 24% -9% 2% 38% 31% 31% 35% 14% 33% 28% 23% 24%
550 430 464 568 606 346 211 235 359 673 1,106 1,605 1,800
EPS in Rs 8.00 6.24 5.95 7.25 7.75 4.32 2.64 2.94 4.50 8.42 13.79 19.95 22.38
Dividend Payout % 27% 32% 34% 30% 26% 13% 23% 0% 11% 19% 14% 12%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 14%
TTM: 22%
Compounded Profit Growth
10 Years: 14%
5 Years: 50%
3 Years: 64%
TTM: 32%
Stock Price CAGR
10 Years: 9%
5 Years: 30%
3 Years: 62%
1 Year: 41%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 14%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 107 107 122 122 122 145 160 160 160 160 160 161
Reserves 2,978 3,219 4,124 4,451 4,914 6,119 6,263 6,440 6,800 7,436 8,424 9,879
42,652 47,051 47,591 52,973 55,395 59,284 61,433 60,259 65,807 69,825 78,070 91,591
996 1,166 1,315 1,439 1,376 1,393 1,484 1,419 1,857 2,650 3,526 3,954
Total Liabilities 46,733 51,543 53,152 58,985 61,808 66,941 69,340 68,278 74,623 80,071 90,179 105,585
320 376 395 417 411 475 545 563 518 464 418 412
CWIP 2 9 17 4 8 53 38 23 21 15 17 20
Investments 13,837 13,247 12,375 14,443 14,857 15,803 14,882 15,762 16,019 17,216 18,808 22,344
32,574 37,911 40,366 44,122 46,532 50,610 53,876 51,929 58,065 62,377 70,936 82,809
Total Assets 46,733 51,543 53,152 58,985 61,808 66,941 69,340 68,278 74,623 80,071 90,179 105,585

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
82 1,184 -309 580 1,611 -550 -1,576 2,504 3,366 295 1,217 2,954
-133 -113 -102 -92 -84 -170 549 -1,535 -1,379 -1,594 -1,270 -1,296
-188 -189 482 -346 -74 683 414 -274 -59 -96 -178 -694
Net Cash Flow -239 882 71 143 1,453 -36 -612 696 1,928 -1,394 -231 963

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 19% 13% 12% 13% 13% 6% 3% 4% 5% 9% 14% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
2.28% 2.28% 2.28% 2.26% 2.25% 2.24% 2.24% 2.24% 2.22% 2.20% 2.15% 2.13%
0.00% 15.35% 15.43% 16.49% 17.03% 17.93% 17.90% 18.09% 15.61% 15.38% 15.11% 15.10%
36.77% 21.88% 22.75% 25.17% 30.73% 30.80% 32.10% 32.29% 35.16% 36.22% 35.68% 37.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.02% 0.02% 0.00% 0.00%
60.95% 60.49% 59.54% 56.08% 49.98% 49.02% 47.77% 47.38% 47.00% 46.19% 47.07% 45.76%
No. of Shareholders 2,04,0452,02,2522,00,2562,03,8302,07,8782,09,1882,07,6392,22,3162,32,0522,45,9532,58,9642,57,300

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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