Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532652 | NSE: KTKBANK

Karnataka Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹227.80Fairly Valued by 0.96%vs CMP ₹230.00

P/E (7.5) × ROE (11.1%) × BV (₹333.00) × DY (2.17%)

₹337.61Undervalued by 46.79%vs CMP ₹230.00
MoS: +31.9% (Strong)Confidence: 56/100 (Moderate)Models: 6 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹258.1426%Under (+12.2%)
Graham NumberEarnings₹478.4319%Under (+108%)
Earnings PowerEarnings₹277.9413%Under (+20.8%)
DCFCash Flow₹578.6716%Under (+151.6%)
Net Asset ValueAssets₹332.628%Under (+44.6%)
EV/EBITDAEnterprise₹22.4610%Over (-90.2%)
Earnings YieldEarnings₹305.508%Under (+32.8%)
Consensus (7 models)₹337.61100%Undervalued
Key Drivers: Wide model spread (₹22–₹579) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.3%

*Investments are subject to market risks

Investment Snapshot

49
Karnataka Bank Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 6.3% WeakROE 11.1% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money20/100 · Weak
FII holding down -1.19% (6mo) SellingDII holding down 2.32% MF selling
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -11% YoY Declining
Industry Rank65/100 · Strong
P/E 7.5 vs industry 15.0 Cheaper than peersROCE 6.3% vs industry 6.8% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Karnataka Bank Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 7.5 vs Ind 15.0 | ROCE 6.3% | ROE 11.1% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.00x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹1,272 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -2.91 pp | DII -0.27 pp | Prom N/A
Business Momentum
-11
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP -8.8% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %+46.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-2.91 ppLatest FII% minus previous FII%
DII Change-0.27 ppLatest DII% minus previous DII%
Promoter ChangeN/ALatest promoter% minus previous promoter%
Shareholder Count Change-200Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change-8.8%Latest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:48 am

Market Cap 8,705 Cr.
Current Price 230
Intrinsic Value₹337.61
High / Low 239/163
Stock P/E7.54
Book Value 333
Dividend Yield2.17 %
ROCE6.33 %
ROE11.1 %
Face Value 10.0
PEG Ratio0.57

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Karnataka Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Karnataka Bank Ltd 8,705 Cr. 230 239/1637.54 3332.17 %6.33 %11.1 % 10.0
South Indian Bank Ltd 9,517 Cr. 36.4 46.8/22.16.85 42.11.10 %6.50 %13.8 % 1.00
Ujjivan Small Finance Bank Ltd 10,417 Cr. 53.6 68.0/32.921.1 32.10.00 %8.53 %12.4 % 10.0
CSB Bank Ltd 6,246 Cr. 360 575/27010.0 2710.00 %7.11 %14.3 % 10.0
Equitas Small Finance Bank Ltd 6,103 Cr. 53.5 73.4/50.0 51.40.00 %6.85 %2.43 % 10.0
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of Karnataka Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue1,8511,9691,9592,0272,1132,2012,2782,2342,2432,2582,2612,1792,220
Interest 1,0161,1091,1441,2041,2851,3671,3751,4011,4501,4781,5061,4511,428
Expenses 672823689670758938664674736865757652737
Financing Profit1623712615370-10423915957-84-27755
Financing Margin %9%2%6%8%3%-5%11%7%3%-4%-0%4%2%
Other Income 205395324250326419279270292428358343302
Depreciation 0000000000000
Profit before tax 367432450402396315518429349344356420357
Tax % 18%18%18%18%16%13%23%22%19%27%18%24%19%
Net Profit 301354371330331274400336284252292319291
EPS in Rs 9.6411.3311.8710.569.557.2710.618.907.506.687.748.447.69
Gross NPA %3.28%3.74%3.68%3.47%3.64%3.53%3.54%3.21%3.11%3.08%3.46%3.33%3.32%
Net NPA %1.66%1.70%1.43%1.36%1.55%1.58%1.66%1.46%1.39%1.31%1.44%1.35%1.31%

Last Updated: March 3, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:11 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue4,1894,6984,9925,1855,4245,9066,4756,2326,2227,2208,2999,0148,919
Interest 3,1333,5303,6893,6953,5664,0014,4444,0493,7314,0355,0005,7035,863
Expenses 1,1271,1311,2751,7822,4522,2452,7062,9022,6772,6502,9832,8543,011
Financing Profit-713827-292-594-340-676-719-18653531645645
Financing Margin %-2%1%1%-6%-11%-6%-10%-12%-3%7%4%5%1%
Other Income 5065075438099541,0021,2621,4049549931,3191,2701,432
Depreciation 26-14425050546474748672850
Profit before tax 4095595284683106085226126951,4411,5631,6411,477
Tax % 24%19%21%3%-5%21%17%21%27%18%16%22%
Net Profit 3114514154523264774324835091,1801,3061,2721,155
EPS in Rs 10.0114.5213.3514.5510.4715.3513.8915.5216.3537.7934.6333.6730.55
Dividend Payout % 24%21%23%25%26%21%0%12%24%13%16%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)45.02%-7.98%8.92%-27.88%46.32%-9.43%11.81%5.38%131.83%10.68%-2.60%
Change in YoY Net Profit Growth (%)0.00%-53.00%16.90%-36.79%74.20%-55.75%21.24%-6.42%126.44%-121.15%-13.28%

Karnataka Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:13%
TTM:4%
Compounded Profit Growth
10 Years:11%
5 Years:24%
3 Years:36%
TTM:-13%
Stock Price CAGR
10 Years:8%
5 Years:31%
3 Years:32%
1 Year:-22%
Return on Equity
10 Years:10%
5 Years:11%
3 Years:13%
Last Year:11%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 10, 2025, 3:32 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 188188188283283283311311311312377378378
Reserves 2,8643,2013,5024,8605,1285,5035,6606,3316,7847,90110,47111,70712,211
Deposits41,18346,60950,48856,73362,87168,45271,78575,65580,38787,36897,988104,807102,817
Borrowing1,3154381,0518338163,3264,0651,7652,3141,5634,4001,9411,309
Other Liabilities 1,4791,4011,2701,3301,2761,4831,4931,5531,7891,9142,8482,1281,971
Total Liabilities 47,02951,83756,50064,03970,37479,04683,31385,61591,58499,058116,085120,962118,686
Fixed Assets 1972923077217627758268388058469159761,069
CWIP 00000001132913140
Investments 15,22714,03216,25720,22015,44416,18517,54521,63522,04123,32624,30224,53726,599
Other Assets 31,60537,51339,93743,09854,16862,08664,94263,14268,72574,85790,85595,43591,018
Total Assets 47,02951,83756,50064,03970,37479,04683,31385,61591,58499,058116,085120,962118,686

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 404648636-184721-2,231-903,369-4671,830681210
Cash from Investing Activity + -54-80-58-40-91-68-56-87-56-87-369-691
Cash from Financing Activity + 34-291-147453-3032,307-545-885-355-201,582412
Net Cash Flow 3842774312293279-6902,396-8791,7231,894-69
Free Cash Flow 350568578-224630-2,299-1463,282-5231,74357049
CFO/OP 19%27%22%2%35%-55%3%111%-6%47%20%9%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-40.00-45.00-49.00-55.00-60.00-66.00-69.00-73.00-78.00-85.00-95.00-102.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 10%14%12%10%6%9%7%8%7%15%14%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 20.30%21.03%22.67%19.03%18.86%14.72%10.29%11.22%12.88%15.66%14.60%11.69%
DIIs 5.74%6.00%8.60%17.69%23.06%22.85%22.05%20.23%18.16%17.01%16.11%15.84%
Public 73.95%72.95%68.71%63.26%58.08%62.43%67.67%68.55%68.97%67.33%69.27%72.46%
No. of Shareholders 2,35,1042,42,1252,59,5212,67,6373,00,8723,43,7973,56,7743,74,5883,99,5694,04,4054,10,7904,10,590

Shareholding Pattern Chart

No. of Shareholders

Karnataka Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 14,754,512 1.08 299.348,930,0002025-11-03 00:27:2965.22%
Bandhan Small Cap Fund 12,150,618 1.2 246.5111,907,6182026-03-23 07:07:502.04%
HSBC Flexi Cap Fund 2,612,507 1 531,897,2602026-03-23 07:07:5037.7%
ICICI Prudential Retirement Fund - Pure Equity 239,600 0.28 4.86239,6002025-04-22 16:26:380%
Taurus Banking And Financial Services Fund 21,319 3.64 0.4310,7942026-01-26 03:11:2597.51%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 33.7039.8537.8716.3615.52
Diluted EPS (Rs.) 33.6339.6737.6416.2915.47
Cash EPS (Rs.) 35.9336.5440.5318.6917.88
Book Value[Excl.RevalReserv]/Share (Rs.) 306.54274.15246.57213.23198.69
Book Value[Incl.RevalReserv]/Share (Rs.) 319.75287.53262.91227.97213.66
Operating Revenue / Share (Rs.)238.49219.97231.16199.94200.48
Net Profit / Share (Rs.) 33.6834.6337.7716.3215.52
Net Profit After MI / Share (Rs.)33.6834.6337.7716.3215.52
Net Profit Margin (%) 14.1215.7416.338.167.74
Net Profit After MI And SOA Nargin (%)14.1215.7416.338.167.74
Operating Profit Margin (%)27.7928.2928.2314.7413.11
Return On Assets (%) 1.051.121.190.550.56
Return On Equity / Networth (%)10.9812.6315.317.657.81
Net Interest Margin (X)2.732.843.212.702.55
Cost To Income (%)60.0953.1447.1552.5845.65
Interest Income / Total Assets (%)7.457.147.286.757.28
Non-Interest Income / Total Assets (%)1.041.131.001.031.74
Operating Profit / Total Assets (%)0.00-0.010.18-0.48-1.18
Operating Expenses / Total Assets (%)2.272.111.981.961.96
Interest Expenses / Total Assets (%)4.714.304.074.054.73
Enterprise Value (Rs.Cr.)105857.76103292.7687975.9580467.2674454.25
EV Per Net Sales (X)11.7412.4512.1812.9311.95
Price To Book Value (X)0.570.820.550.250.30
Price To Sales (X)0.731.020.580.270.30
Retention Ratios (%) 83.6888.0389.4488.98100.00
Earnings Yield (X)0.190.150.270.290.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Karnataka Bank Ltd. is a Public Limited Listed company incorporated on 18/02/1924 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1924PLC001128 and registration number is 001128. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company's Total Operating Revenue is Rs. 9013.60 Cr. and Equity Capital is Rs. 377.95 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorPost Box No. 599, Mahaveera Circle, Mangaluru Karnataka 575002Contact not found
Management
NamePosition Held
Mr. P Pradeep KumarChairman & Ind.Director
Mr. Raghavendra S BhatManaging Director & CEO
Mr. B R AshokNon Executive Director
Mr. K Gururaj AcharyaIndependent Director
Mr. S Balakrishna AlseIndependent Director
Mr. H V HarishIndependent Director
Mrs. Uma ShankarIndependent Director
Dr. D S RavindranIndependent Director
Mr. Jeevandas NarayanIndependent Director

FAQ

What is the intrinsic value of Karnataka Bank Ltd and is it undervalued?

As of 05 April 2026, Karnataka Bank Ltd's intrinsic value is ₹337.61, which is 46.79% higher than the current market price of ₹230.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.1 %), book value (₹333), dividend yield (2.17 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Karnataka Bank Ltd?

Karnataka Bank Ltd is trading at ₹230.00 as of 05 April 2026, with a FY2026-2027 high of ₹239 and low of ₹163. The stock is currently near its 52-week high. Market cap stands at ₹8,705 Cr..

How does Karnataka Bank Ltd's P/E ratio compare to its industry?

Karnataka Bank Ltd has a P/E ratio of 7.54, which is below the industry average of 15.04. This is broadly in line with or below the industry average.

Is Karnataka Bank Ltd financially healthy?

Key indicators for Karnataka Bank Ltd: ROCE of 6.33 % is on the lower side compared to the industry average of 6.84%. Dividend yield is 2.17 %.

Is Karnataka Bank Ltd profitable and how is the profit trend?

Karnataka Bank Ltd reported a net profit of ₹1,272 Cr in Mar 2025 on revenue of ₹9,014 Cr. Compared to ₹509 Cr in Mar 2022, the net profit shows an improving trend.

Does Karnataka Bank Ltd pay dividends?

Karnataka Bank Ltd has a dividend yield of 2.17 % at the current price of ₹230.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Karnataka Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports