Karur Vysya Bank Ltd - Stock Valuation and Financial Performance

BSE: 590003 | NSE: KARURVYSYA | Bank - Private | Small Cap

Karur Vysya Bank Share Price

191.85 -0.30 -0.16%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Karur Vysya Bank

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Karur Vysya Bank stock performance -

mw4me loader
P/E Ratio (SA):
10.36
Market Cap:
15,393.5 Cr.
52-wk low:
93
52-wk high:
204.9

Is Karur Vysya Bank Ltd an attractive stock to invest in?

1. Is Karur Vysya Bank Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Karur Vysya Bank Ltd is a below average quality company.

2. Is Karur Vysya Bank Ltd undervalued or overvalued?

The key valuation ratios of Karur Vysya Bank Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Karur Vysya Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Karur Vysya Bank Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Karur Vysya Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Karur Vysya Bank Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Net Interest Income (₹ Cr.)1,2841,4661,7812,0742,2982,3632,3482,3602,7153,3493,706
YoY Gr. Rt. %-14.2%21.5%16.4%10.8%2.8%-0.6%0.5%15.1%23.3%-
Total Income5,6805,9776,1506,4056,6006,7797,1456,3896,3577,6759,218
YoY Gr. Rt. %-5.2%2.9%4.1%3.1%2.7%5.4%-10.6%-0.5%20.8%-
Adj EPS (₹ ) 6.86.47.98.44.32.62.94.58.413.818.5
YoY Gr. Rt. %--6.5%24.3%6.7%-48.7%-38.9%11.4%53.1%87.1%63.8%-
BVPS (₹ )52.25963.67078.480.482.687.194.9107119.1
YoY Gr. Rt. %-13.2%7.7%10.1%12%2.5%2.8%5.5%9%12.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.90.9110.50.30.30.50.91.30
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)0.40.70.62.54.253.93.42.30.70.4
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income11.2%7.8%12.6%23.3%
Total Income3.4%3.1%2.4%20.8%
Adj EPS8.2%26.1%67.4%63.8%
BVPS8.3%6.4%9%12.7%
Share Price 11.6% 19% 51.4% 92.6%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Interest Earned / Total Income90.0690.2888.5187.7986.3685.883.8485.6287.984.984.5
Margins To view Margins Colour Rating Guide click here
NIM (%)2.62.93.23.53.53.53.53.33.53.90
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)13.512.112.912.66.13.33.65.39.313.715.5
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)20.52223.327.729.129.931.334.234.933.2-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.40%

Total Income has increased 2.42 CAGR in last 3 years

Net Profit has increased 67.39 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Karur Vysya Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 18.5 -
TTM Sales (₹ Cr.) 7,788 -
BVPS (₹.) 119.1 -
Reserves (₹ Cr.) 9,414 -
P/BV 1.61 -
PE 10.36 -
From the Market
52 Week Low / High (₹) 93.00 / 204.85
All Time Low / High (₹) 3.26 / 204.85
Market Cap (₹ Cr.) 15,393
Equity (₹ Cr.) 160.8
Face Value (₹) 2
Industry PE 20.1

Management X-Ray of Karur Vysya Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.837.458.188.177.437.207.237.537.397.27
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Karur Vysya Bank

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income 5,6805,9776,1506,4056,6006,7797,1456,3896,3577,675
Interest Income 5,1165,3965,4435,6225,7005,8165,9905,4705,5886,517
Other Income 5645817077829009631,1559197691,159
Expenditure 5,2515,5215,5835,7996,2546,5686,9106,0305,6836,569
Interest Expense 3,8323,9303,6623,5493,4023,4533,6423,1112,8723,168
Operating Expenses 1,0101,1031,1851,2851,4211,6151,7421,9871,8542,032
Provisions4084887359651,4321,5001,5269329571,370
Profit Before Tax4264639128835043222725349311,437
Taxes -3734427715811137175258331
Profit After Tax 4304565686063462112353596731,106
Adjusted EPS (₹)6.796.357.898.424.322.642.944.508.4213.79
Dividend Payout Ratio (%)32%35%30%26%13%23%0%11%19%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Share Capital 107122122122145160160160160160
Total Reserves 3,1924,1174,4514,9146,1196,2636,4406,7997,4368,421
Minority Interest0000000000
Deposits43,75844,69050,07953,70056,89059,86859,07563,27868,48676,638
Borrowings 3,2932,9012,8941,6962,3941,5651,1842,5281,3391,432
Other Liabilities 1,1931,3221,4391,3761,3931,4841,4191,8572,6513,528
Total Liabilities 51,54353,15258,98561,80866,94169,34068,27874,62380,07190,179

Assets

Balance with RBI 2,5462,6932,5292,7902,9602,9352,7333,5143,5944,279
Balance with Banks132563631,5551,3497621,6602,8061,332416
Investments 13,24712,37514,44314,85715,80314,88215,76216,01917,21618,808
Advances 33,99236,10939,08440,90844,80048,58146,09850,36454,66163,134
Net Block 376395417411475545563518464418
Other Assets1,2411,5082,1461,2791,5011,5981,4381,3812,7893,107
Total Assets 51,54353,15258,98561,80866,94169,34068,27874,62380,07190,179

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1,184-3095801,611-550-1,5762,5043,3662951,217
Cash Flow From Investing Activity -113-102-92-84-170549-1,535-1,379-1,594-1,270
Cash Flow From Financing Activity -189482-346-74683414-274-59-96-178
Net Cash Flow 882711431,453-36-6126961,928-1,394-231
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)403747105335814
DPS (₹)1313143110122
BVPS (₹)308349375838680838795107

Margin Ratios

Yield on Advances (%)15.114.913.913.712.712.013.010.910.210.3
Yield on Investments (%)9.89.98.28.87.88.29.57.25.16.0
Cost of Liabilities (%)8.18.36.96.45.75.66.04.74.14.1
NIM (%)2.62.93.23.53.53.53.53.33.53.9
Interest Spread (%)6.96.77.07.37.06.47.06.16.16.3

Performance Ratios

ROA (%)0.90.91.01.00.50.30.30.50.91.3
ROE (%)13.512.112.912.66.13.33.65.39.313.7
ROCE (%)11.512.415.613.97.75.25.07.311.116.2

Efficiency Ratios

Cost to Income Ratio (%)54.753.947.645.044.448.649.760.653.245.1
Operating Costs to Assets (%)2.02.12.02.12.12.32.62.72.32.3

Valuation Parameters

Price/Book(x)1.21.61.21.41.20.90.30.60.51.0

Karur Vysya Bank Ltd Stock News

Karur Vysya Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Karur Vysya Bank on 12-Apr-2024 16:59 is ₹191.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Karur Vysya Bank stood at ₹15,393.5.
The latest P/E ratio of Karur Vysya Bank as of 12-Apr-2024 16:59 is 10.36.
The latest P/B ratio of Karur Vysya Bank as of 12-Apr-2024 16:59 is 1.61.
The 52-week high of Karur Vysya Bank is ₹204.8 and the 52-week low is ₹93.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Karur Vysya Bank is ₹7,788 ( Cr.) .

About Karur Vysya Bank Ltd

Karur Vysya Bank (KVB) was started in the year 1916 in Karur, then a small textile town with a vast agricultural background, by two people M.A. Venkatarama Chettiar and Athi Krishna Chettiar. What started as a venture with a seed capital of Rs. 1.20 lakh has grown into a leading financial institution that offers a gamut of financial services, under one roof, to millions of its customers.

KVB is one of the earliest banks in the country to achieve full networking of its branches under Core Banking Solutions. The Bank has always been a frontrunner in adopting and leveraging on technology to offer products and services to its customers. The Bank was one of the pioneers in deploying ATMs, Bunch Note Recycler Machines, fully automated passbook printers & Cheque Deposit Kiosks as a move towards self- service banking. The Bank also set a blazing trail in implementing Internet Banking and Mobile Banking to its customers.

The bank offers the KVB Multicurrency Travel Card specially designed to make foreign travel convenient and risk-free. The KVB Multicurrency Travel Card is an EMV Chip Card authenticated by VISA and is acceptable at millions of VISA enabled ATMs and VISA enabled merchant outlets across the globe. The unique feature of KVB Multicurrency Travel Card is loading of eight currencies (USD, SGD, EURO, CAD, GBP, JPY, CHF, SEK) simultaneously in a single card.

Business area of the company

The bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations.

Services offered

Accounts

  • Current Accounts
  • KVB Fleet
  • Multicity Current Account
  • KVB Smart Trade & Exim Current Account

Loans

  • Commercial
  • MSME
  • Mortgage

Cards

  • KVB Corporate Credit Card
  • Business Debit Card
  • Gift Cards
  • Multicurrency Travel Card

Awards and Accolades

  • 2019: Best practice in digital transformation, 2019: Most Innovative Category at CII Digital Transformation DX Summit and Awards.
  • 2019: Best contactless innovation of the year for its product ‘at Money’ at Kamikaze Payments and Cards Awards, 2019.
  • 2019: Best Retail Bank of the year at IBS India Banking Summit and Awards, 2019.
  • 2019: Semi-finalist in banking category at Skoch Order of Merit Silver, 2019.
  • 2019: Enterprise mobility category for KVB NEXT (Digital Loan Processing) at Technology Senate Digital South India Awards, 2019.
  • 2020: Innovative Best Practice in Service Excellence by CII - Digital Transformation DX Summit Best Practice in Digital Transformation 2020.
  • 2020: Best Digital Banking Solution of the year by Kamikaze Payments & Cards Awards.
  • 2020: Automation of file uploading process - GEFU process through RPA Bot by Uipath Automation Excellence Awards, 2020.
  • 2021: Best use of IT & Data Analytics - Runner Up by IBA Banking technology Awards, 2021.
  • 2021: Best IT Risk & Cyber Security Initiatives - Runner up by IBA Banking technology Awards, 2021.
  • 2021: Third Best Branch in Kerala State under the Old Private Sector Bank category - Ernakulam Palarivottom Branch by State Forum of Bankers’ Clubs, Kerala.
  • 2021: Skoch BFSI Silver Award for Digital Solutions including Lending, Mobile Banking & Video KYC by Skoch.
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