Karur Vysya Bank Ltd

Karur Vysya Bank Ltd

₹ 182 -0.27%
21 Feb 4:12 p.m.
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 - 19%
Net Interest Margin - ~4%
Gross NPA - 7%
Net NPA - ~2% [1]
CASA Ratio - 36% [2]

  • Market Cap 14,624 Cr.
  • Current Price 182
  • High / Low 205 / 92.7
  • Stock P/E 9.84
  • Book Value 107
  • Dividend Yield 1.10 %
  • ROCE 5.61 %
  • ROE 13.7 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 26.2% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.72% over past five years.
  • Promoter holding is low: 2.22%
  • Company has a low return on equity of 9.65% over last 3 years.
  • Contingent liabilities of Rs.13,201 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 1,350 1,349 1,376 1,398 1,405 1,409 1,474 1,579 1,695 1,768 1,883 1,997 2,139
Interest 767 737 738 718 717 699 728 758 806 876 986 1,082 1,138
779 603 677 634 627 614 624 718 882 847 741 743 833
Financing Profit -196 9 -39 47 60 96 122 104 7 45 156 173 168
Financing Margin % -14% 1% -3% 3% 4% 7% 8% 7% 0% 3% 8% 9% 8%
251 169 203 163 196 205 199 242 317 401 333 339 358
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 56 178 165 210 255 301 321 345 325 446 489 512 526
Tax % 38% 41% 34% 21% 27% 29% 29% 28% 11% 24% 27% 26% 22%
35 104 109 165 185 213 229 250 289 338 359 378 412
EPS in Rs 0.43 1.31 1.36 2.07 2.32 2.67 2.86 3.13 3.61 4.21 4.47 4.72 5.12
Gross NPA % 7.37% 7.85% 7.97% 7.38% 6.97% 6.03% 5.28% 4.02% 2.70% 2.27% 1.99% 1.73% 1.58%
Net NPA % 2.55% 3.41% 3.69% 2.99% 2.55% 2.31% 1.93% 1.38% 0.90% 0.74% 0.59% 0.47% 0.42%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 3,270 4,242 5,116 5,396 5,443 5,622 5,700 5,816 5,990 5,470 5,588 6,517 7,788
Interest 2,353 3,084 3,832 3,930 3,662 3,549 3,402 3,453 3,642 3,111 2,872 3,168 4,081
597 829 1,378 1,503 1,494 1,887 2,609 2,902 3,112 2,620 2,434 2,965 3,164
Financing Profit 320 329 -94 -37 288 187 -311 -539 -764 -260 281 384 542
Financing Margin % 10% 8% -2% -1% 5% 3% -5% -9% -13% -5% 5% 6% 7%
350 453 564 590 707 782 900 963 1,155 919 769 1,159 1,431
Depreciation 38 56 75 81 83 86 85 101 119 124 119 106 0
Profit before tax 632 725 395 471 912 883 504 322 272 534 931 1,437 1,973
Tax % 21% 24% -9% 2% 38% 31% 31% 35% 14% 33% 28% 23%
502 550 430 464 568 606 346 211 235 359 673 1,106 1,487
EPS in Rs 7.29 8.00 6.24 5.95 7.25 7.75 4.32 2.64 2.94 4.50 8.42 13.79 18.52
Dividend Payout % 30% 27% 32% 34% 30% 26% 13% 23% 0% 11% 19% 14%
Compounded Sales Growth
10 Years: 4%
5 Years: 3%
3 Years: 3%
TTM: 26%
Compounded Profit Growth
10 Years: 7%
5 Years: 26%
3 Years: 66%
TTM: 51%
Stock Price CAGR
10 Years: 13%
5 Years: 22%
3 Years: 44%
1 Year: 83%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 10%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 107 107 107 122 122 122 145 160 160 160 160 160
Reserves 2,601 2,978 3,219 4,124 4,451 4,914 6,119 6,263 6,440 6,800 7,436 8,424
34,084 42,652 47,051 47,591 52,973 55,395 59,284 61,433 60,259 65,807 69,825 78,070
843 996 1,166 1,315 1,439 1,376 1,393 1,484 1,419 1,857 2,650 3,526
Total Liabilities 37,635 46,733 51,543 53,152 58,985 61,808 66,941 69,340 68,278 74,623 80,071 90,179
244 320 376 395 417 411 475 545 563 518 464 418
CWIP 0 2 9 17 4 8 53 38 23 21 15 17
Investments 10,506 13,837 13,247 12,375 14,443 14,857 15,803 14,882 15,762 16,019 17,216 18,808
26,884 32,574 37,911 40,366 44,122 46,532 50,610 53,876 51,929 58,065 62,377 70,936
Total Assets 37,635 46,733 51,543 53,152 58,985 61,808 66,941 69,340 68,278 74,623 80,071 90,179

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
249 82 1,184 -309 580 1,611 -550 -1,576 2,504 3,366 295 1,217
-72 -133 -113 -102 -92 -84 -170 549 -1,535 -1,379 -1,594 -1,270
84 -188 -189 482 -346 -74 683 414 -274 -59 -96 -178
Net Cash Flow 261 -239 882 71 143 1,453 -36 -612 696 1,928 -1,394 -231

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 21% 19% 13% 12% 13% 13% 6% 3% 4% 5% 9% 14%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2016Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Jun 2020Dec 2020Jun 2021Mar 2022Jun 2022
2.16% 2.10% 2.11% 2.08% 2.10% 2.10% 2.10% 2.11% 2.13% 2.12% 2.28% 2.28%
15.03% 17.94% 17.38% 18.12% 19.38% 19.62% 20.75% 21.11% 21.40% 21.11% 15.35% 15.43%
28.97% 21.05% 23.49% 23.68% 23.47% 24.25% 23.62% 22.12% 20.88% 20.07% 21.88% 22.75%
53.84% 58.91% 57.02% 56.11% 55.06% 54.04% 53.53% 54.67% 55.59% 56.70% 60.49% 59.54%
No. of Shareholders 78,6251,45,5161,43,0911,43,5381,42,8041,40,9601,39,3851,55,8301,75,5771,84,8782,02,2522,00,256

* 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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Documents

Concalls