Karnataka Bank Ltd

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.(Source : 201903 Annual Report Page No: 103)

  • Market Cap: 1,317 Cr.
  • Current Price: 42.35
  • 52 weeks High / Low 75.50 / 34.20
  • Book Value: 192.06
  • Stock P/E: 2.91
  • Dividend Yield: 7.51 %
  • ROCE: 6.23 %
  • ROE: 7.36 %
  • Sales Growth (3Yrs): 7.68 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.22 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 6.62% over past five years.
Tax rate seems low
Company has a low return on equity of 7.37% for last 3 years.
Contingent liabilities of Rs.10039.14 Cr.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.1670.18 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Banks // Industry: Banks - Private Sector

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Revenue 1,318 1,332 1,443 1,408 1,453 1,514 1,531 1,584 1,630 1,622 1,639 1,616
Interest 878 881 902 939 985 1,026 1,050 1,090 1,131 1,114 1,110 1,081
548 521 902 531 506 598 665 591 656 723 935 886
Financing Profit -108 -69 -361 -62 -38 -110 -184 -96 -158 -215 -405 -351
Financing Margin % -8% -5% -25% -4% -3% -7% -12% -6% -10% -13% -25% -22%
Other Income 248 195 295 209 201 301 291 245 309 402 440 519
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 140 126 -66 147 163 191 106 149 151 187 35 168
Tax % 33% 30% 117% -11% 31% 27% 42% -18% 30% 34% 22% -17%
Net Profit 93 87 11 163 112 140 62 175 106 123 27 196
EPS in Rs 3.00 2.81 0.35 5.25 3.60 4.52 1.81 5.64 3.41 3.60 0.88 6.32
Gross NPA % 4.13% 3.97% 4.92% 4.72% 4.66% 4.45% 4.41% 4.55% 4.78% 4.99% 4.82% 4.64%
Net NPA % 3.04% 2.85% 2.96% 2.92% 3.00% 3.00% 2.95% 3.33% 3.48% 3.75% 3.08% 3.01%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 1,949 1,976 2,371 3,101 3,764 4,189 4,698 4,992 5,185 5,424 5,906 6,475 6,506
Interest 1,444 1,708 1,758 2,369 2,861 3,133 3,530 3,689 3,695 3,566 4,001 4,444 4,435
407 435 646 768 811 1,127 1,130 1,275 1,782 2,452 2,245 2,840 3,200
Financing Profit 98 -167 -34 -36 92 -71 39 28 -291 -594 -340 -810 -1,129
Financing Margin % 5% -8% -1% -1% 2% -2% 1% 1% -6% -11% -6% -12% -17%
Other Income 322 379 292 346 396 506 507 542 809 954 1,002 1,395 1,670
Depreciation 20 22 23 22 24 26 -14 42 50 50 54 64 0
Profit before tax 400 190 235 289 464 409 559 528 468 310 608 522 541
Tax % 33% 12% 13% 15% 25% 24% 19% 21% 3% -5% 21% 17%
Net Profit 267 167 205 246 348 311 451 415 452 326 477 432 453
EPS in Rs 9.06 5.10 6.30 7.58 10.79 9.60 13.88 12.74 14.54 10.47 15.35 13.89 14.21
Dividend Payout % 27% 32% 28% 27% 22% 24% 21% 23% 25% 26% 21% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.60%
5 Years:6.62%
3 Years:7.68%
TTM:6.96%
Compounded Profit Growth
10 Years:9.99%
5 Years:-0.86%
3 Years:-1.50%
TTM:-7.49%
Stock Price CAGR
10 Years:-9.53%
5 Years:-17.18%
3 Years:-32.39%
1 Year:-42.52%
Return on Equity
10 Years:9.57%
5 Years:8.51%
3 Years:7.37%
Last Year:7.36%

Balance Sheet Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
122 134 188 188 188 188 188 188 283 283 283 311
Reserves 1,445 1,699 2,241 2,410 2,669 2,864 3,201 3,502 4,860 5,128 5,503 5,660
Borrowings 20,337 24,422 28,423 32,755 37,636 42,498 47,046 51,540 57,566 63,687 71,778 75,850
954 767 841 968 1,033 1,479 1,401 1,270 1,330 1,276 1,483 1,493
Total Liabilities 22,858 27,022 31,693 36,322 41,526 47,029 51,837 56,500 64,039 70,374 79,046 83,313
138 148 146 152 167 197 292 307 721 762 775 826
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 8,961 9,992 11,506 12,841 13,432 15,227 14,032 16,257 20,220 15,444 16,185 17,545
13,758 16,881 20,041 23,328 27,927 31,605 37,513 39,937 43,098 54,168 62,086 64,942
Total Assets 22,858 27,022 31,693 36,322 41,526 47,029 51,837 56,500 64,039 70,374 79,046 83,313

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-53 205 -589 -122 103 404 648 636 -184 721 -2,231 -90
-39 -31 -20 -28 -40 -54 -80 -58 -40 -91 -68 -56
-69 171 790 29 25 34 -291 -147 453 -303 2,307 -545
Net Cash Flow -161 345 181 -120 88 384 277 431 229 327 9 -690

Ratios Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 18% 10% 10% 10% 13% 10% 14% 12% 10% 6% 9% 7%

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
18.71 18.03 14.74 12.29 12.57 12.74 14.57 15.37 13.70 13.54 12.80 8.70
11.20 11.77 12.79 14.68 14.13 15.33 15.96 12.74 11.93 10.95 10.65 8.75
70.09 70.20 72.47 73.03 73.30 71.93 69.47 71.89 74.37 75.51 76.55 82.55