Karur Vysya Bank

₹155.5 0.9 | 0.6%

WEBSITE BSE:590003 NSE : KARUR VY(PS 01 Dec, 16:01

Market Cap ₹12482 Cr.

Stock P/E 10.9

P/B 1.4

Current Price ₹155.5

Book Value ₹ 114.2

Face Value 2

52W High ₹160.9

Dividend Yield 1.29%

52W Low ₹ 92.8

Edit Ratio

Karur Vysya Bank Research see more...

How much more heat is left in Karur Vysya Bank?

Overview Inc. Year: 1916Industry: Bank - Private

The Karur Vysya Bank Ltd (the Bank) is an totally India-based banking enterprise. The Bank is engaged in supplying a variety of banking and financial services, along with business banking and treasury operations. The Bank's segments consist of Treasury, Corporate/ Wholesale banking, Retail banking and Other banking operations. The Treasury section consists of investments in central and state government securities, debt instruments of bank, certificates of deposits, equity stocks, mutual funds and security receipts, among others. The Corporate/ Wholesale banking segment consists of credit centres and other banking services provided to company and different customers. The Retail banking section includes lending and other banking offerings to people/small enterprise customers, apart from company/ wholesale banking clients. The Other banking operations segment includes para-banking activities like bank assurance, third party product distribution, demat services and other banking transactions.

Karur Vysya Bank Share Price

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Peer Comparison

Karur Vysya Bank Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Sep 2023
Interest Earned	1350	1349	1376	1398	1405	1409	1474	1579	1695	1997
Other Income	251	216	220	163	196	205	199	242	317	339
Total Income	1602	1566	1596	1561	1600	1615	1673	1821	2013	2336
Interest Expense	767	737	738	718	717	699	728	758	806	1082
Operating Expenditure	578	579	429	470	481	474	469	491	518	616
Provisions and contingencies	201	71	264	164	146	140	155	227	364	126
Operating Profit	56	178	165	210	255	301	321	345	325	512
Profit Before Tax	56	178	165	210	255	301	321	345	325	512
Provision for Tax	21	74	56	44	70	88	92	95	36	133
Profit After Tax	35	104	109	165	185	213	229	250	289	378
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	35	104	109	165	185	213	229	250	289	378
Adjusted Earnings Per Share	0.4	1.3	1.4	2.1	2.3	2.7	2.9	3.1	3.6	4.7

Karur Vysya Bank Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Interest Earned	4242	5116	5396	5443	5622	5700	5816	5990	5470	5588	6517	6745
Other Income	453	564	581	707	782	900	963	1155	919	769	1159	1097
Total Income	4695	5680	5977	6150	6405	6600	6779	7145	6389	6357	7675	7843
Interest Expense	3084	3832	3930	3662	3549	3402	3453	3642	3111	2872	3168	3374
Operating Expenditure	762	1010	1103	1185	1285	1421	1615	1742	1987	1854	2032	2094
Provisions and contingencies	123	412	481	391	687	1274	1389	1489	757	699	1039	872
Operating Profit	726	426	463	912	883	504	322	272	534	931	1437	1503
Profit Before Tax	726	426	463	912	883	504	322	272	534	931	1437	1503
Provision for Tax	175	-3	7	344	277	158	111	37	175	258	331	356
Profit After Tax	550	430	456	568	606	346	211	235	359	673	1106	1146
Adjustments	0	0	9	0	0	0	0	0	0	0	0	0
Profit After Adjustments	550	430	464	568	606	346	211	235	359	673	1106	1146
Adjusted Earnings Per Share	8.7	6.8	6.3	7.9	8.4	4.3	2.6	2.9	4.5	8.4	13.8	14.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	3%	3%	4%
Operating Profit CAGR	54%	74%	23%	7%
PAT CAGR	64%	68%	26%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	56%	61%	14%	10%
ROE Average	14%	9%	7%	10%
ROCE Average	16%	12%	9%	11%

Karur Vysya Bank Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3085	3326	4246	4573	5036	6264	6423	6600	6960	7596	8584
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Deposits	38653	43758	44690	50079	53700	56890	59868	59075	63278	68486	76638
Borrowings	3999	3293	2901	2894	1696	2394	1565	1184	2528	1339	1432
Other Liabilities & Provisions	996	1166	1315	1439	1376	1393	1484	1419	1857	2650	3526
Total Liabilities	46733	51543	53152	58985	61808	66941	69340	68278	74623	80071	90179
Cash and balance with RBI	1629	2546	2693	2529	2790	2960	2935	2733	3514	3594	4279
Bank Balance	167	132	56	363	1555	1349	762	1660	2806	1332	416
Investments	13837	13247	12375	14443	14857	15803	14882	15762	16019	17216	18808
Advances	29480	33992	36109	39084	40908	44800	48581	46098	50364	54661	63134
Fixed Assets	320	376	395	417	411	475	545	563	518	464	418
Other Assets	1298	1241	1508	2146	1279	1501	1598	1438	1381	2789	3107
Total Assets	46733	51543	53152	58985	61808	66941	69340	68278	74623	80071	90179

Karur Vysya Bank Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2035	1796	2678	2749	2892	4345	4309	3697	4393	6320	4926
Cash Flow from Operating Activities	82	1184	-309	580	1611	-550	-1576	2504	3366	295	1217
Cash Flow from Investing Activities	-133	-113	-102	-92	-84	-170	549	-1535	-1379	-1594	-1270
Cash Flow from Financing Activities	-188	-189	482	-346	-74	683	414	-274	-59	-96	-178
Net Cash Inflow / Outflow	-239	882	71	143	1453	-36	-612	696	1928	-1394	-231
Closing Cash & Cash Equivalent	1796	2678	2749	2892	4345	4309	3697	4393	6320	4926	4695

Karur Vysya Bank Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.7	6.79	6.35	7.89	8.42	4.32	2.64	2.94	4.5	8.42	13.79
CEPS(Rs)	9.59	7.97	7.48	9.04	9.62	5.39	3.9	4.43	6.05	9.91	15.11
DPS(Rs)	2.8	2.6	2.6	2.8	2.6	0.6	0.6	0	0.5	1.6	2
Book NAV/Share(Rs)	48.73	52.15	59.04	63.57	70	78.37	80.35	82.57	87.07	94.94	107
Yield on Advances	14.39	15.05	14.94	13.93	13.74	12.72	11.97	12.99	10.86	10.22	10.32
Yield on Investments	7.51	9.82	9.93	8.24	8.82	7.75	8.21	9.45	7.23	5.08	6
Cost of Liabilities	7.23	8.14	8.26	6.91	6.41	5.74	5.62	6.04	4.73	4.11	4.06
NIM (Net Interest Margin)	2.57	2.57	2.86	3.16	3.45	3.54	3.52	3.54	3.25	3.54	3.87
Interest Spread	7.16	6.91	6.69	7.01	7.34	6.98	6.35	6.95	6.13	6.11	6.26
ROA(%)	1.3	0.87	0.87	1.01	1	0.54	0.31	0.34	0.5	0.87	1.3
ROE(%)	19.01	13.46	12.09	12.88	12.61	6.12	3.32	3.61	5.3	9.25	13.67
ROCE(%)	16.83	11.53	12.38	15.61	13.9	7.74	5.21	5.01	7.32	11.11	16.23
PER(x)	8.8	9.34	14.52	9.37	11.28	21.2	27.14	6.89	12.39	5.5	7.56
Price/Book(x)	1.57	1.22	1.56	1.16	1.36	1.17	0.89	0.25	0.64	0.49	0.97
Dividend Yield(%)	3.1	3.47	2.39	3.21	2.32	0.59	0.84	0	0.9	3.46	1.92
EV/Net Sales(x)	2.08	1.43	1.76	1.51	1.52	1.71	1.25	0.47	1.28	0.9	1.5
EV/Core EBITDA(x)	10.42	8.72	10.09	6.3	5.43	5.47	4.26	1.59	5.4	3.09	3.95
Interest Earned Growth(%)	29.72	20.59	5.47	0.88	3.29	1.37	2.04	2.99	-8.67	2.14	16.62
Net Profit Growth	9.69	-21.94	6.06	24.59	6.76	-42.96	-39	11.46	52.92	87.34	64.29
Advances Growth	23.09	15.31	6.23	8.24	4.67	9.52	8.44	-5.11	9.25	8.53	15.5
EPS Growth(%)	9.69	-21.94	-6.54	24.35	6.76	-48.66	-39	11.46	52.92	87.17	63.87
Loans/Deposits(x)	10.35	7.53	6.49	5.78	3.16	4.21	2.61	2	4	1.96	1.87
Cash/Deposits(x)	0.04	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.06	0.05	0.06
Current Ratio(x)	0.36	0.3	0.28	0.29	0.28	0.28	0.25	0.27	0.25	0.25	0.25
Quick Ratio(x)	10.35	7.53	6.49	5.78	3.16	4.21	2.61	2	4	1.96	1.87
CASA %	19.25	20.54	22.02	23.31	27.73	29.14	29.92	31.33	34.22	34.9	33.21

Karur Vysya Bank Shareholding Pattern

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	2.12	2.12	2.28	2.28	2.28	2.26	2.25	2.24	2.24	2.24
FII	21.11	18.92	15.45	15.35	15.43	16.49	17.03	17.93	17.9	18.09
DII	20.07	19.69	21.32	21.88	22.75	25.11	30.71	30.78	32.08	32.27
Public	56.7	59.28	60.95	60.49	59.54	56.14	50.01	49.04	47.79	47.4
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	1.69	1.69	1.83	1.82	1.82	1.81	1.81	1.8	1.79	1.79
FII	16.88	15.12	12.35	12.28	12.35	13.2	13.64	14.38	14.36	14.52
DII	16.04	15.74	17.04	17.51	18.2	20.1	24.59	24.69	25.74	25.91
Public	45.32	47.38	48.72	48.39	47.64	44.94	40.05	39.34	38.35	38.05
Others	0	0	0	0	0	0	0	0	0	0
Total	79.93	79.93	79.94	80	80.01	80.04	80.1	80.21	80.24	80.27

Pros

Company has delivered good profit growth of 26% CAGR over last 5 years
Company is almost debt free.

Cons

Promoter holding is low: 2.24%.
Company has a low return on equity of 9% over the last 3 years.

* 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.