Karur Vysya Bank Ltd

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

Ratios
Capital Adequacy Ratio - 18.52%
Net Interest Margin - 3.29%
Gross NPA - 7.37%
Net NPA - 2.55%[1]
CASA Ratio - 35%[2]

See full details
  • Market Cap 3,937 Cr.
  • Current Price 49.2
  • High / Low 64.6 / 30.0
  • Stock P/E 10.8
  • Book Value 87.1
  • Dividend Yield 1.02 %
  • ROCE 5.22 %
  • ROE 5.30 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.57 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.10% over past five years.
  • Promoter holding is low: 2.12%
  • Company has a low return on equity of 4.14% for last 3 years.
  • Contingent liabilities of Rs.12286.81 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.959.51 Cr.
  • Dividend payout has been low at 11.29% of profits over last 3 years

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Revenue 1,457 1,443 1,474 1,493 1,538 1,504 1,456 1,376 1,395 1,350 1,349 1,376
Interest 878 862 854 909 941 927 866 814 793 767 737 738
606 816 779 739 808 817 867 743 709 779 651 693
Financing Profit -27 -235 -160 -155 -212 -240 -276 -181 -108 -196 -38 -55
Financing Margin % -2% -16% -11% -10% -14% -16% -19% -13% -8% -14% -3% -4%
Other Income 176 260 272 270 278 260 347 317 272 251 216 220
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 148 25 112 115 66 20 71 136 164 56 178 165
Tax % 44% 14% 47% 37% 4% 26% -19% 23% 30% 38% 41% 34%
Net Profit 84 21 60 73 63 15 84 106 115 35 104 109
EPS in Rs 1.05 0.27 0.75 0.91 0.79 0.19 1.05 1.32 1.44 0.43 1.31 1.36
Gross NPA % 7.70% 8.49% 8.79% 9.17% 8.89% 8.92% 8.68% 8.34% 7.93% 7.37% 7.85% 7.97%
Net NPA % 4.41% 4.99% 4.98% 4.94% 4.50% 4.13% 3.92% 3.44% 2.99% 2.55% 3.41% 3.69%

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
Revenue 1,758 2,218 3,270 4,242 5,116 5,396 5,443 5,622 5,700 5,816 5,990 5,470 5,470
Interest 1,193 1,451 2,353 3,084 3,832 3,930 3,662 3,549 3,402 3,453 3,642 3,111 3,035
364 440 597 829 1,378 1,503 1,494 1,887 2,609 2,902 3,112 2,758 2,832
Financing Profit 201 327 320 329 -94 -37 288 187 -311 -539 -764 -398 -397
Financing Margin % 11% 15% 10% 8% -2% -1% 5% 3% -5% -9% -13% -7% -7%
Other Income 247 264 350 453 564 590 707 782 900 963 1,155 1,057 960
Depreciation 23 30 38 56 75 81 83 86 85 101 119 124 0
Profit before tax 426 561 632 725 395 471 912 883 504 322 272 534 563
Tax % 21% 26% 21% 24% -9% 2% 38% 31% 31% 35% 14% 33%
Net Profit 336 416 502 550 430 464 568 606 346 211 235 359 363
EPS in Rs 4.91 7.29 8.00 6.24 5.95 7.25 7.75 4.32 2.64 2.94 4.50 4.54
Dividend Payout % 19% 27% 30% 27% 32% 34% 30% 26% 13% 23% 0% 11%
Compounded Sales Growth
10 Years:9%
5 Years:0%
3 Years:-1%
TTM:-7%
Compounded Profit Growth
10 Years:-1%
5 Years:-9%
3 Years:1%
TTM:36%
Stock Price CAGR
10 Years:-2%
5 Years:-10%
3 Years:-14%
1 Year:62%
Return on Equity
10 Years:9%
5 Years:6%
3 Years:4%
Last Year:5%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
54 94 107 107 107 122 122 122 145 160 160 160
Reserves 1,566 2,020 2,601 2,978 3,219 4,124 4,451 4,914 6,119 6,263 6,440 6,800
Borrowings 19,748 25,252 34,084 42,652 47,051 47,591 52,973 55,395 59,284 61,433 60,259 65,807
567 859 843 996 1,166 1,315 1,439 1,376 1,393 1,484 1,419 1,857
Total Liabilities 21,935 28,225 37,635 46,733 51,543 53,152 58,985 61,808 66,941 69,340 68,278 74,623
135 197 244 320 376 395 417 411 475 545 563 518
CWIP 3 14 0 2 9 17 4 8 53 38 23 21
Investments 6,602 7,732 10,506 13,837 13,247 12,375 14,443 14,857 15,803 14,882 15,762 16,019
15,195 20,283 26,884 32,574 37,911 40,366 44,122 46,532 50,610 53,876 51,929 58,065
Total Assets 21,935 28,225 37,635 46,733 51,543 53,152 58,985 61,808 66,941 69,340 68,278 74,623

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-180 482 249 82 1,184 -309 580 1,611 -550 -1,576 2,504 3,366
-44 -102 -72 -133 -113 -102 -92 -84 -170 549 -1,535 -1,379
85 160 84 -188 -189 482 -346 -74 683 414 -274 -59
Net Cash Flow -139 539 261 -239 882 71 143 1,453 -36 -612 696 1,928

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 23% 22% 21% 19% 13% 12% 13% 13% 6% 3% 4% 5%

Shareholding Pattern

Numbers in percentages

Mar 2016 Jun 2016 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
2.16 2.16 2.10 2.11 2.08 2.10 2.10
15.03 15.03 17.94 17.38 18.12 19.38 19.62
28.97 28.97 21.05 23.49 23.68 23.47 24.25
53.84 53.84 58.91 57.02 56.11 55.06 54.04

Documents