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: 2,137 Cr.
  • Current Price: 75.60
  • 52 weeks High / Low 141.25 / 67.80
  • Book Value: 204.71
  • Stock P/E: 4.58
  • Dividend Yield: 4.63 %
  • ROCE: 6.28 %
  • ROE: 8.52 %
  • Sales Growth (3Yrs): 5.76 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.37 times its book value
Stock is providing a good dividend yield of 4.63%.
Company has been maintaining a healthy dividend payout of 23.92%
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 7.11% over past five years.
Company has a low return on equity of 8.21% for last 3 years.
Contingent liabilities of Rs.8752.11 Cr.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.1246.27 Cr.

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

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Quarterly Results Figures in Rs. Crores

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Revenue 1,294 1,331 1,318 1,332 1,443 1,408 1,453 1,514 1,531 1,584 1,630 1,622
Interest 942 906 878 881 902 939 985 1,026 1,050 1,090 1,131 1,114
495 531 548 521 902 531 506 598 665 591 656 723
Financing Profit -143 -107 -108 -69 -361 -62 -38 -110 -184 -96 -158 -215
Financing Margin % -11% -8% -8% -5% -25% -4% -3% -7% -12% -6% -10% -13%
Other Income 312 217 248 195 295 209 201 301 291 245 309 402
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 169 111 140 126 -66 147 163 191 106 149 151 187
Tax % 18% -21% 33% 30% 117% -11% 31% 27% 42% -18% 30% 34%
Net Profit 138 134 93 87 11 163 112 140 62 175 106 123
EPS in Rs 4.90 4.74 3.30 3.09 0.39 5.78 3.96 4.97 2.18 6.21 3.75 4.36
Gross NPA % 4.21% 4.34% 4.13% 3.97% 4.92% 4.72% 4.66% 4.45% 4.41% 4.55% 4.78% 4.99%
Net NPA % 2.64% 3.20% 3.04% 2.85% 2.96% 2.92% 3.00% 3.00% 2.95% 3.33% 3.48% 3.75%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 1,560 1,949 1,976 2,371 3,101 3,764 4,189 4,698 4,992 5,185 5,424 5,906 6,367
Interest 1,102 1,444 1,708 1,758 2,369 2,861 3,133 3,530 3,689 3,695 3,566 4,001 4,385
346 407 435 646 768 811 1,127 1,130 1,275 1,782 2,452 2,245 2,635
Financing Profit 113 98 -167 -34 -36 92 -71 39 28 -291 -594 -340 -653
Financing Margin % 7% 5% -8% -1% -1% 2% -2% 1% 1% -6% -11% -6% -10%
Other Income 243 322 379 292 346 396 506 507 542 809 954 1,002 1,246
Depreciation 17 20 22 23 22 24 26 -14 42 50 50 54 0
Profit before tax 339 400 190 235 289 464 409 559 528 468 310 608 593
Tax % 29% 33% 12% 13% 15% 25% 24% 19% 21% 3% -5% 21%
Net Profit 242 267 167 205 246 348 311 451 415 452 326 477 466
EPS in Rs 9.08 9.96 5.61 6.93 8.33 11.87 10.55 15.27 14.01 16.00 11.52 16.89 16.50
Dividend Payout % 25% 27% 32% 28% 27% 22% 24% 21% 23% 25% 26% 21%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.73%
5 Years:7.11%
3 Years:5.76%
TTM:9.44%
Compounded Profit Growth
10 Years:5.98%
5 Years:9.01%
3 Years:4.64%
TTM:9.31%
Stock Price CAGR
10 Years:-2.55%
5 Years:-8.91%
3 Years:-12.85%
1 Year:-35.63%
Return on Equity
10 Years:9.97%
5 Years:9.63%
3 Years:8.21%
Last Year:8.52%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
121 122 134 188 188 188 188 188 188 283 283 283
Reserves 1,258 1,445 1,699 2,241 2,410 2,669 2,864 3,201 3,502 4,860 5,128 5,503
Borrowings 17,158 20,337 24,422 28,423 32,755 37,636 42,498 47,046 51,540 57,566 63,687 71,778
817 979 813 879 1,024 1,108 1,619 1,590 1,470 1,441 1,386 1,608
Total Liabilities 19,355 22,883 27,068 31,731 36,377 41,601 47,169 52,026 56,700 64,150 70,483 79,171
120 138 148 146 152 167 197 292 307 721 762 775
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 6,327 8,961 9,992 11,506 12,841 13,432 15,227 14,032 16,257 20,220 15,444 16,185
12,909 13,783 16,928 20,079 23,384 28,002 31,745 37,702 40,137 43,209 54,277 62,211
Total Assets 19,355 22,883 27,068 31,731 36,377 41,601 47,169 52,026 56,700 64,150 70,483 79,171

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
705 -53 205 -589 -122 103 404 648 636 -184 721 -2,231
-30 -39 -31 -20 -28 -40 -54 -80 -58 -40 -91 -68
-49 -69 171 790 29 25 34 -291 -147 453 -303 2,307
Net Cash Flow 625 -161 345 181 -120 88 384 277 431 229 327 9

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 18% 18% 10% 10% 10% 13% 10% 14% 12% 10% 6% 9%