Karnataka Bank Ltd

Karnataka Bank Ltd

₹ 241 -0.84%
23 Feb - close price
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

Key Ratios
Capital Adequacy Ratio - 15.66%
Net Interest Margin - 3.18%
Gross NPA - 3.9%
Net NPA - 2.42%
CASA Ratio - 32.97% [1] [2]

  • Market Cap 8,355 Cr.
  • Current Price 241
  • High / Low 287 / 124
  • Stock P/E 6.03
  • Book Value 263
  • Dividend Yield 2.08 %
  • ROCE 5.86 %
  • ROE 15.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.92 times its book value
  • Company has delivered good profit growth of 29.4% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.89% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Contingent liabilities of Rs.12,875 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

Standalone Figures in Rs. Crores / View Consolidated

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 1,596 1,417 1,524 1,554 1,565 1,579 1,629 1,771 1,851 1,969 1,959 2,027 2,113
Interest 981 958 949 917 942 922 942 968 1,016 1,109 1,144 1,204 1,285
674 736 735 766 601 629 770 471 672 823 689 670 758
Financing Profit -59 -276 -160 -128 21 27 -83 332 162 37 126 153 70
Financing Margin % -4% -20% -11% -8% 1% 2% -5% 19% 9% 2% 6% 8% 3%
283 318 207 275 196 257 133 260 205 395 324 250 326
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 224 42 46 146 218 284 50 592 367 432 450 402 396
Tax % 40% 25% -130% 14% 33% 54% -129% 30% 18% 18% 18% 18% 16%
135 31 106 126 147 130 114 412 301 354 371 330 331
EPS in Rs 4.35 1.01 3.41 4.04 4.71 4.19 3.67 13.22 9.64 11.33 11.87 10.56 9.55
Gross NPA % 3.16% 4.91% 4.82% 4.50% 4.11% 3.90% 4.03% 3.36% 3.28% 3.74% 3.68% 3.47% 3.64%
Net NPA % 1.74% 3.19% 3.00% 2.84% 2.45% 2.42% 2.16% 1.72% 1.66% 1.70% 1.43% 1.36% 1.55%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 3,101 3,764 4,189 4,698 4,992 5,185 5,424 5,906 6,475 6,232 6,222 7,220 8,067
Interest 2,369 2,861 3,133 3,530 3,689 3,695 3,566 4,001 4,444 4,049 3,731 4,035 4,742
768 813 1,127 1,131 1,275 1,782 2,452 2,245 2,706 2,902 2,677 2,650 2,939
Financing Profit -36 91 -71 38 27 -292 -594 -340 -676 -719 -186 535 385
Financing Margin % -1% 2% -2% 1% 1% -6% -11% -6% -10% -12% -3% 7% 5%
346 398 506 507 543 809 954 1,002 1,262 1,404 954 993 1,295
Depreciation 22 24 26 -14 42 50 50 54 64 74 74 86 0
Profit before tax 289 464 409 559 528 468 310 608 522 612 695 1,441 1,680
Tax % 15% 25% 24% 19% 21% 3% -5% 21% 17% 21% 27% 18%
246 348 311 451 415 452 326 477 432 483 509 1,180 1,386
EPS in Rs 7.92 11.20 10.01 14.52 13.35 14.55 10.47 15.35 13.89 15.52 16.35 37.79 43.31
Dividend Payout % 27% 22% 24% 21% 23% 25% 26% 21% 0% 12% 24% 13%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 4%
TTM: 18%
Compounded Profit Growth
10 Years: 13%
5 Years: 29%
3 Years: 40%
TTM: 45%
Stock Price CAGR
10 Years: 12%
5 Years: 19%
3 Years: 51%
1 Year: 75%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 10%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 188 188 188 188 188 283 283 283 311 311 311 312
Reserves 2,410 2,669 2,864 3,201 3,502 4,860 5,128 5,503 5,660 6,331 6,784 7,901
32,755 37,636 42,498 47,046 51,540 57,566 63,687 71,778 75,850 77,420 82,701 88,931
968 1,033 1,479 1,401 1,270 1,330 1,276 1,483 1,493 1,553 1,789 1,914
Total Liabilities 36,322 41,526 47,029 51,837 56,500 64,039 70,374 79,046 83,313 85,615 91,584 99,058
152 167 197 292 307 721 762 775 826 838 805 846
CWIP 0 0 0 0 0 0 0 0 0 1 13 29
Investments 12,841 13,432 15,227 14,032 16,257 20,220 15,444 16,185 17,545 21,635 22,041 23,326
23,328 27,927 31,605 37,513 39,937 43,098 54,168 62,086 64,942 63,142 68,725 74,857
Total Assets 36,322 41,526 47,029 51,837 56,500 64,039 70,374 79,046 83,313 85,615 91,584 99,058

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-122 103 404 648 636 -184 721 -2,231 -90 3,369 -467 1,830
-28 -40 -54 -80 -58 -40 -91 -68 -56 -87 -56 -87
29 25 34 -291 -147 453 -303 2,307 -545 -885 -355 -20
Net Cash Flow -120 88 384 277 431 229 327 9 -690 2,396 -879 1,723

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
9.40% 9.99% 9.10% 11.16% 11.92% 15.46% 18.15% 19.75% 20.30% 21.03% 22.67% 19.03%
5.85% 5.85% 5.64% 5.63% 5.34% 5.34% 5.34% 5.43% 5.74% 6.00% 8.60% 17.69%
84.75% 84.16% 85.26% 83.21% 82.74% 79.20% 76.49% 74.80% 73.95% 72.95% 68.71% 63.26%
No. of Shareholders 2,25,4782,30,9142,20,4592,29,4922,32,1062,27,1402,21,5282,26,5952,35,1042,42,1252,59,5212,67,637

* 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.

Click on the line-items to see the names of individual entities.

Documents

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