The Karnataka Bank Ltd.

NSE: KTKBANK BSE: 532652 SECTOR: Bank - Private

67.5
-4.5 (-6.25%)
NSE: 20 Sep 04:12 PM

Price Summary

Today's High

₹ 71.65

Today's Low

₹ 66.85

52 Week High

₹ 75.75

52 Week Low

₹ 39.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

2098.37 Cr.

CASA %

31.49

No. of Shares

31.09 Cr.

P/E

5.35

P/B

0.33

Face Value

₹ 10

Div. Yield

2.67%

Book Value (TTM)

₹  202.11

Net Interest Income

2183.19 Cr.

Cost To Income %

45.65

Promoter Holding

0%

EPS (TTM)

₹  12.62

CAR %

14.85%

ROE

8.27 %

ROCE

8.79 %

Profit Growth

11.76 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

ROE%

1 Year8.27%
3 Year8.47%
5 Year8.58%

ROA%

1 Year0.57%
3 Year0.58%
5 Year0.6%

Net NPA%

1 Year3.18%
3 Year3.07%
5 Year2.96%

 NIM

1 Year2.78%
3 Year2.65%
5 Year2.64%

CAR %

14.85

Cost of Liabilities %

5.23022515487187

PEG Ratio

0.45

Advances Growth %

-9.25242144498018

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 0 0
Mar 2021 0 0
Dec 2020 0 0
Sep 2020 0 0
Jun 2020 0 0
* Figures given above are % of equity capital

 Strengths

  • Other Income is 23.9885352943539% of total income.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.580704589643503%
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 3.07%.
  • High Cost to income ratio of 45.6496370872161%.
  • The company has delivered poor Income growth of 4.74147533060543% over the past 3 years.
  • Increase in Provision and contingencies of 22.2496666193136% on YoY.
  • Poor Advances growth of 3.04016935609586% in last 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Interest Earned 1615.71 1603.71 1595.5 1417.49 1523.5
Other Income 518.92 329.81 273.12 373.21 235.91
Interest Expended 1080.59 1028.84 981.45 958.35 948.71
Operating Expenses 377 404.25 449.2 448.66 396.48
Total Provisions 509.07 322.13 214.18 341.83 368.08
Profit Before Tax 167.97 178.3 223.79 41.86 46.14
Tax -28.41 58.86 88.41 10.5 -59.94
Net Profit 196.38 119.44 135.38 31.36 106.08
Net NPA % 3.01 2.21 1.74 3.18 3
Gross NPA % 4.64 3.97 3.16 4.91 4.82
Return on Assets % 0.93 0.56 0.64 0.15 0.49
NPM % 12.15 7.45 8.49 2.21 6.96

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Interest Earned 5185.4 5423.75 5905.96 6474.77 6232.41
Other Income 809.34 954.34 1001.96 1261.63 1495.07
Interest Expended 3694.78 3566.1 4000.84 4444.41 4049.23
Operating Expenses 1304.16 1338.83 1457.27 1635.22 1679.11
Total Provisions 527.85 1163.01 842 1134.74 1387.21
Profit Before Tax 467.95 310.16 607.81 522.03 611.93
Taxes 15.69 -15.45 130.57 90.25 129.36
Net Profit 452.26 325.61 477.24 431.78 482.57
Adjusted EPS (Rs.) 14.55 10.47 15.35 13.89 15.52

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 282.62 282.62 282.62 310.88 310.88
Total Reserves 4859.97 5127.53 5502.57 5659.56 6331.48
Deposits 56733.11 62871.29 68452.12 71785.15 75654.86
Borrowings 832.62 815.97 3325.51 4065.12 1764.88
Other Liabilities 1330.29 1276.27 1482.94 1492.77 1519.24
Total Liabilities 64038.6 70373.68 79045.76 83313.49 85581.34
Assets
Balance with RBI 2929.27 3545.82 3411.66 2756.05 4866.15
Balance with Banks 344.76 55.19 198.09 163.44 449.42
Investments 20219.73 15444.45 16184.99 17545.34 21635.19
Advances 36915.7 47251.75 54828.2 56964.27 51693.7
Net Block 720.57 761.6 775 826.42 837.85
Other Assets 2908.57 3314.86 3647.82 5057.96 6099.04
Total Assets 64038.6 70373.68 79045.76 83313.49 85581.34
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 0 0 0 0 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 82.55 86.03 85.81 84.75 84.16
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 17.45 13.97 14.19 15.25 15.84

Ratings & Research Reports

Company Presentations

Company News

Karnataka Bank launches 'WisePOSGo' in collaboration with Mswipe Technologies 9 Sep 2021, 10:16AM Karnataka Bank informs about outcome of AGM3 Sep 2021, 2:07PM Karnataka Bank to emerge as 'Digital Bank of Future'3 Sep 2021, 11:56AM Karnataka Bank launches KBL FASTag 26 Aug 2021, 9:59AM Karnataka Bank planning to raise Rs 6,000 crore debt in FY22 23 Aug 2021, 10:31AM Karnataka Bank reports 46% fall in Q1 consolidated net profit28 Jul 2021, 11:09AM Karnataka Bank informs about board meeting updates21 Jul 2021, 11:35AM RBI imposes penalty on Karnataka Bank8 Jul 2021, 11:14AM Karnataka Bank declares loan over Rs 160 crore to Reliance Home, Reliance Commercial Finance as fraud21 Jun 2021, 12:42PM Karnataka Bank informs about presentation on analysis of financial results27 May 2021, 4:43PM Karnataka Bank reports 15% rise in Q4 consolidated net profit27 May 2021, 11:43AM The Karnataka Bank informs about corporate communication24 Apr 2021, 10:17AM Karnataka Bank targets over Rs 1.42 lakh crore biz turnover in FY223 Apr 2021, 10:06AM Karnataka Bank operationalizes its wholly owned non-financial subsidiary 30 Mar 2021, 2:29PM Karnataka Bank launches ‘KBL Smart Trade’27 Mar 2021, 10:26AM Karnataka Bank reports Rs 34.16 crore fraud to RBI20 Feb 2021, 9:53AM The Karnataka Bank informs about institutional investor meet19 Feb 2021, 4:22PM Karnataka Bank informs about interaction with market analysts16 Jan 2021, 2:53PM Karnataka Bank reports 10% rise in Q3 consolidated net profit12 Jan 2021, 4:39PM The Karnataka Bank informs about outcome of board meeting12 Jan 2021, 3:41PM The Karnataka Bank informs about loss of share certificate5 Dec 2020, 12:03PM Karnataka Bank donates ambulance to Dakshina Kannada District Administration20 Nov 2020, 10:44AM Karnataka Bank launches Current & Savings Account campaign18 Nov 2020, 9:31AM Karnataka Bank launches RuPay National Common Mobility Card10 Nov 2020, 10:14AM Karnataka Bank reports 13% rise in Q2 consolidated net profit14 Oct 2020, 12:17PM Karnataka Bank - Quaterly Results13 Oct 2020, 4:35PM Karnataka Bank informs about board meeting6 Oct 2020, 4:44PM Karnataka Bank launches KBL Micro Mitra23 Jun 2020, 9:11AM Karnataka Bank, Universal Sompo launch health insurance to cover COVID19 Pandemic18 Jun 2020, 9:05AM Karnataka Bank opens 855th branch in Udupi District30 May 2020, 11:22AM RBI imposes monetary penalty on Karnataka Bank29 May 2020, 10:43AM Karnataka Bank opens two branches in Bengaluru28 May 2020, 9:20AM

Karnataka Bank Stock Price Analysis and Quick Research Report. Is Karnataka Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Karnataka Bank is performing and if it is the right time to buy the stock of Karnataka Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Karnataka Bank has earned Rs 6232.4147 Cr. revenue in the latest financial year. It has posted Poor revenue growth of 4.74147533060543 % in last 3 Years.

  • In terms of advances, the bank reported -9.25242144498018 % YOY,  fall . If you see 3 years advance growth, it stands at 3.04016935609586 %.

  • Currently the company has a CASA ratio of 31.4894778685313 %. It’s overall cost of liability stands at 5.23022515487187 %. Also, the total deposits from these accounts stood at Rs 75654.8616 Cr.

  • The Bank has a average ROA track record. The ROA of Karnataka Bank is at 0.571443671950289 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 4.91 % and 3.18 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is positive at 22.2496666193136 % which means it has increased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Karnataka Bank surged and is currently at Rs 1495.065 Cr.

  • The company has a Good Capital Adequacy Ratio of 14.85 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Karnataka Bank is trading at a P/B of 0.3362 . The historical average PB was 0.548251127757915.

Brief about Karnataka Bank

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