Karnataka Bank Ltd

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

Karnataka Bank Ltd

₹ 200 -0.26%
21 Nov - close price
karnatakabank.com BSE: 532652 NSE: KTKBANK
About

Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.[1]

Key Points

Services Offerings
Retail and Personal Banking- Loans for houses, vehicles, gold, LAP, Personal loans, and Education Loan.
MSME- Working capital finance, Term loans & infrastructure finance, Business development loans, Corporate loans, Professional & self-employed loans.
Agriculture Banking- Agriculture & allied activities, Farm development, Agricultural land purchase, Farm mechanization, etc. [1]

Website BSE NSE
  • Market Cap ₹ 7,538 Cr.
  • Current Price ₹ 200
  • High / Low ₹ 287 / 192
  • Stock P/E 5.62
  • Book Value ₹ 288
  • Dividend Yield 2.75 %
  • ROCE 6.24 %
  • ROE 13.7 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.70 times its book value
  • Company has delivered good profit growth of 22.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.9%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.04% over past five years.
  • Company has a low return on equity of 12.4% over last 3 years.
  • Contingent liabilities of Rs.15,718 Cr.
  • Company might be capitalizing the interest cost

* 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 Microcap 250 BSE Financial Services Nifty Total Market BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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 1,554 1,565 1,579 1,629 1,771 1,851 1,969 1,959 2,027 2,113 2,201 2,278 2,234
Interest 917 942 922 942 968 1,016 1,109 1,144 1,204 1,285 1,367 1,375 1,401
766 601 629 770 471 672 823 689 670 758 938 664 674
Financing Profit -128 21 27 -83 332 162 37 126 153 70 -104 239 159
Financing Margin % -8% 1% 2% -5% 19% 9% 2% 6% 8% 3% -5% 11% 7%
275 196 257 133 260 205 395 324 250 326 419 279 270
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 146 218 284 50 592 367 432 450 402 396 315 518 429
Tax % 14% 33% 54% -129% 30% 18% 18% 18% 18% 16% 13% 23% 22%
126 147 130 114 412 301 354 371 330 331 274 400 336
EPS in Rs 4.04 4.71 4.19 3.67 13.22 9.64 11.33 11.87 10.56 9.55 7.27 10.61 8.90
Gross NPA % 4.50% 4.11% 3.90% 4.03% 3.36% 3.28% 3.74% 3.68% 3.47% 3.64% 3.53% 3.54% 3.21%
Net NPA % 2.84% 2.45% 2.42% 2.16% 1.72% 1.66% 1.70% 1.43% 1.36% 1.55% 1.58% 1.66% 1.46%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 3,764 4,189 4,698 4,992 5,185 5,424 5,906 6,475 6,232 6,222 7,220 8,299 8,825
Interest 2,861 3,133 3,530 3,689 3,695 3,566 4,001 4,444 4,049 3,731 4,035 5,000 5,427
813 1,127 1,131 1,275 1,782 2,452 2,245 2,706 2,902 2,677 2,650 2,983 3,035
Financing Profit 91 -71 38 27 -292 -594 -340 -676 -719 -186 535 316 364
Financing Margin % 2% -2% 1% 1% -6% -11% -6% -10% -12% -3% 7% 4% 4%
398 506 507 543 809 954 1,002 1,262 1,404 954 993 1,319 1,294
Depreciation 24 26 -14 42 50 50 54 64 74 74 86 72 0
Profit before tax 464 409 559 528 468 310 608 522 612 695 1,441 1,563 1,658
Tax % 25% 24% 19% 21% 3% -5% 21% 17% 21% 27% 18% 16%
348 311 451 415 452 326 477 432 483 509 1,180 1,306 1,342
EPS in Rs 11.20 10.01 14.52 13.35 14.55 10.47 15.35 13.89 15.52 16.35 37.79 34.63 36.33
Dividend Payout % 22% 24% 21% 23% 25% 26% 21% 0% 12% 24% 13% 16%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 10%
TTM: 13%
Compounded Profit Growth
10 Years: 15%
5 Years: 22%
3 Years: 39%
TTM: -1%
Stock Price CAGR
10 Years: 7%
5 Years: 25%
3 Years: 43%
1 Year: -8%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 12%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 188 188 188 188 283 283 283 311 311 311 312 377
Reserves 2,669 2,864 3,201 3,502 4,860 5,128 5,503 5,660 6,331 6,784 7,901 10,471
37,636 42,498 47,046 51,540 57,566 63,687 71,778 75,850 77,420 82,701 88,931 102,457
1,033 1,479 1,401 1,270 1,330 1,276 1,483 1,493 1,553 1,789 1,914 2,779
Total Liabilities 41,526 47,029 51,837 56,500 64,039 70,374 79,046 83,313 85,615 91,584 99,058 116,085
167 197 292 307 721 762 775 826 838 805 846 915
CWIP 0 0 0 0 0 0 0 0 1 13 29 0
Investments 13,432 15,227 14,032 16,257 20,220 15,444 16,185 17,545 21,635 22,041 23,326 24,302
27,927 31,605 37,513 39,937 43,098 54,168 62,086 64,942 63,142 68,725 74,857 90,868
Total Assets 41,526 47,029 51,837 56,500 64,039 70,374 79,046 83,313 85,615 91,584 99,058 116,085

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
103 404 648 636 -184 721 -2,231 -90 3,369 -467 1,830 362
-40 -54 -80 -58 -40 -91 -68 -56 -87 -56 -87 -111
25 34 -291 -147 453 -303 2,307 -545 -885 -355 -20 1,582
Net Cash Flow 88 384 277 431 229 327 9 -690 2,396 -879 1,723 1,833

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 13% 10% 14% 12% 10% 6% 9% 7% 8% 7% 15% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
11.16% 11.92% 15.46% 18.15% 19.75% 20.30% 21.03% 22.67% 19.03% 18.86% 14.72% 10.29%
5.63% 5.34% 5.34% 5.34% 5.43% 5.74% 6.00% 8.60% 17.69% 23.06% 22.85% 22.05%
83.21% 82.74% 79.20% 76.49% 74.80% 73.95% 72.95% 68.71% 63.26% 58.08% 62.43% 67.67%
No. of Shareholders 2,29,4922,32,1062,27,1402,21,5282,26,5952,35,1042,42,1252,59,5212,67,6373,00,8723,43,7973,56,774

* 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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