Karur Vysya Bank Ltd
Karur Vysya Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations.[1]
- Market Cap ₹ 18,366 Cr.
- Current Price ₹ 228
- High / Low ₹ 240 / 148
- Stock P/E 10.2
- Book Value ₹ 125
- Dividend Yield 1.05 %
- ROCE 6.89 %
- ROE 17.2 %
- Face Value ₹ 2.00
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 250 Nifty MidSmallcap 400 Nifty Total Market Nifty Smallcap 50 Nifty 500
Quarterly Results
Figures in Rs. Crores
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: | 10% |
5 Years: | 31% |
3 Years: | 58% |
1 Year: | 47% |
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% |
Documents
Announcements
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Newspaper Publication regarding dispatch of Postal Ballot Notice and Remote e-voting instructions
18h - Newspaper publication of Postal Ballot Notice and e-voting instructions.
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Postal Ballot Notice
1d - Postal ballot notice for appointing new director.
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Opening of New Branches
2d - Inauguration of new bank branches in multiple locations.
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Credit Rating Intimation
30 Oct - CARE Ratings assigns new credit ratings for fixed deposits.
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Regulation 23(9) of SEBI (LODR) Regulations, 2015 - Related Party Transactions
30 Oct - Disclosure on Related Party Transactions for H1 FY 2024-25.
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Oct 2024Transcript PPT
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Nov 2023TranscriptPPTREC
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Jul 2023TranscriptNotesPPT
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Oct 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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Nov 2021TranscriptPPT
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May 2021Transcript PPT
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Oct 2020TranscriptPPT
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Jan 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Jul 2019TranscriptPPT
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May 2019TranscriptPPT
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]