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Last Updated on: 23 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Karnataka Bank Ltd

About the Company - Karnataka Bank Ltd

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. 6221.66 Cr. and Equity Capital is Rs. 311.17 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorP B No 599, Mangaluru Karnataka 575002investor.grievance@ktkbank.com
https://karnatakabank.com
Management
NamePosition Held
Mr. P Pradeep KumarChairman & Ind.Director
Mr. H SrikrishnanManaging Director & CEO
Mr. Sekhar RaoExecutive Director
Mr. B R AshokNon Executive Director
Mr. S Balakrishna AlseIndependent Director
Mr. Keshav Krishnarao DesaiIndependent Director
Justice A V ChandrashekarIndependent Director
Mrs. Uma ShankarIndependent Director
Dr. D S RavindranIndependent Director
Mr. Jeevandas NarayanIndependent Director
Mr. Kalmanje Gururaj AcharyaIndependent Director

Karnataka Bank Ltd. Share Price Update

Share PriceValue
Today₹242.20
Previous Day₹238.25

Basic Stock Data of Karnataka Bank Ltd

Market Cap 8,421 Cr.
Current Price 243
High / Low287/124
Stock P/E6.13
Book Value 263
Dividend Yield2.05 %
ROCE5.86 %
ROE15.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Karnataka Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
South Indian Bank Ltd 7,220 Cr. 34.540.2/13.86.47 31.90.87 %5.23 %12.4 % 1.00
Equitas Small Finance Bank Ltd 11,679 Cr. 103116/61.215.0 46.40.96 %8.04 %12.2 % 10.0
Ujjivan Small Finance Bank Ltd 10,626 Cr. 54.363.0/22.88.45 20.52.26 %10.6 %33.3 % 10.0
Bandhan Bank Ltd 32,871 Cr. 204272/18211.0 1220.73 %6.67 %11.9 % 10.0
REC Ltd 16,371 Cr. 271301/13215.0 2260.54 %5.46 %6.74 % 10.0
Industry Average15.2 Cr133.3611.1889.361.07%7.2%15.31%8.2

Karnataka Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue1,5961,4171,5241,5541,5651,5791,6291,7711,8511,9691,9592,0272,113
Interest9819589499179429229429681,0161,1091,1441,2041,285
Expenses674736735766601629770471672823689670758
Financing Profit-59-276-160-1282127-833321623712615370
Financing Margin %-4%-20%-11%-8%1%2%-5%19%9%2%6%8%3%
Other Income283318207275196257133260205395324250326
Depreciation0000000000000
Profit before tax224424614621828450592367432450402396
Tax %40%25%-130%14%33%54%-129%30%18%18%18%18%16%
Net Profit13531106126147130114412301354371330331
EPS in Rs4.351.013.414.044.714.193.6713.229.6411.3311.8710.569.55
Gross NPA %3.16%4.91%4.82%4.50%4.11%3.90%4.03%3.36%3.28%3.74%3.68%3.47%3.64%
Net NPA %1.74%3.19%3.00%2.84%2.45%2.42%2.16%1.72%1.66%1.70%1.43%1.36%1.55%

Karnataka Bank Ltd Quarterly Chart

Karnataka Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue3,1013,7644,1894,6984,9925,1855,4245,9066,4756,2326,2227,2208,067
Interest2,3692,8613,1333,5303,6893,6953,5664,0014,4444,0493,7314,0354,742
Expenses7688131,1271,1311,2751,7822,4522,2452,7062,9022,6772,6502,939
Financing Profit-3691-713827-292-594-340-676-719-186535385
Financing Margin %-1%2%-2%1%1%-6%-11%-6%-10%-12%-3%7%5%
Other Income3463985065075438099541,0021,2621,4049549931,295
Depreciation222426-1442505054647474860
Profit before tax2894644095595284683106085226126951,4411,680
Tax %15%25%24%19%21%3%-5%21%17%21%27%18%
Net Profit2463483114514154523264774324835091,1801,386
EPS in Rs7.9211.2010.0114.5213.3514.5510.4715.3513.8915.5216.3537.7943.31
Dividend Payout %27%22%24%21%23%25%26%21%0%12%24%13%

Karnataka Bank Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)41.46%-10.63%45.02%-7.98%8.92%-27.88%46.32%-9.43%11.81%5.38%131.83%
Change in YoY Net Profit Growth (%)0.00%-52.10%55.65%-53.00%16.90%-36.79%74.20%-55.75%21.24%-6.42%126.44%

Karnataka Bank Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:6%
3 Years:4%
TTM:18%
Compounded Profit Growth
10 Years:13%
5 Years:29%
3 Years:40%
TTM:45%
Stock Price CAGR
10 Years:13%
5 Years:19%
3 Years:53%
1 Year:77%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:10%
Last Year:15%

Karnataka Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital188188188188188283283283311311311312313
Reserves2,4102,6692,8643,2013,5024,8605,1285,5035,6606,3316,7847,901
Borrowings32,75537,63642,49847,04651,54057,56663,68771,77875,85077,42082,70188,931
Other Liabilities9681,0331,4791,4011,2701,3301,2761,4831,4931,5531,7891,914
Total Liabilities36,32241,52647,02951,83756,50064,03970,37479,04683,31385,61591,58499,058
Fixed Assets152167197292307721762775826838805846
CWIP00000000011329
Investments12,84113,43215,22714,03216,25720,22015,44416,18517,54521,63522,04123,326
Other Assets23,32827,92731,60537,51339,93743,09854,16862,08664,94263,14268,72574,857
Total Assets36,32241,52647,02951,83756,50064,03970,37479,04683,31385,61591,58499,058

Karnataka Bank Ltd Reserves and Borrowings Chart

Bandhan Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -122103404648636-184721-2,231-903,369-4671,830
Cash from Investing Activity -28-40-54-80-58-40-91-68-56-87-56-87
Cash from Financing Activity 292534-291-147453-3032,307-545-885-355-20
Net Cash Flow-120883842774312293279-6902,396-8791,723

Karnataka Bank Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %10%13%10%14%12%10%6%9%7%8%7%15%

Karnataka Bank Ltd Financial Efficiency Indicators Chart

Karnataka Bank Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs9.40%9.99%9.10%11.16%11.92%15.46%18.15%19.75%20.30%21.03%22.67%19.03%
DIIs5.85%5.85%5.64%5.63%5.34%5.34%5.34%5.43%5.74%6.00%8.60%17.69%
Public84.75%84.16%85.26%83.21%82.74%79.20%76.49%74.80%73.95%72.95%68.71%63.26%
No. of Shareholders2,25,4782,30,9142,20,4592,29,4922,32,1062,27,1402,21,5282,26,5952,35,1042,42,1252,59,5212,67,637

Karnataka Bank Ltd Shareholding Pattern Chart

No. of Karnataka Bank Ltd Shareholders

Karnataka Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund89300001.61209.01
Quant Active Fund41332791.396.74
Bandhan Small Cap Fund18437111.1143.15
Quant Flexi Cap Fund16912331.3639.58
Mahindra Manulife Small Cap Fund14200001.0733.24
ITI Small Cap Fund8794651.0420.58
Motilal Oswal Nifty Microcap 250 Index Fund3516371.328.23
ITI Multi Cap Fund2859280.856.69
ICICI Prudential Retirement Fund - Pure Equity2396001.165.61
JM Value Fund1700000.983.98

Karnataka Bank Ltd ROCE Trend

Karnataka Bank Ltd EPS Trend

Karnataka Bank Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.00
Basic EPS (Rs.)37.8716.3615.5213.89
Diluted EPS (Rs.)37.6416.2915.4713.89
Cash EPS (Rs.)40.5318.6917.8815.94
Book Value[Excl.RevalReserv]/Share (Rs.)246.57213.23198.69176.93
Book Value[Incl.RevalReserv]/Share (Rs.)262.91227.97213.66192.05
Operating Revenue / Share (Rs.)231.16199.94200.48208.27
Net Profit / Share (Rs.)37.7716.3215.5213.89
Net Profit After MI / Share (Rs.)37.7716.3215.5213.89
Net Profit Margin (%)16.338.167.746.66
Net Profit After MI And SOA Nargin (%)16.338.167.746.66
Operating Profit Margin (%)2.59-7.16-16.24-12.81
Return On Assets (%)1.190.550.560.51
Return On Equity / Networth (%)15.317.657.817.84
Net Interest Margin (X)3.212.702.552.43
Cost To Income (%)36.5040.9241.3536.97
Interest Income / Total Assets (%)7.286.757.287.77
Non-Interest Income / Total Assets (%)1.001.031.741.51
Operating Profit / Total Assets (%)0.18-0.48-1.18-0.99
Operating Expenses / Total Assets (%)1.981.961.961.96
Interest Expenses / Total Assets (%)4.074.054.735.33
Enterprise Value (Rs.Cr.)87975.9580467.2674454.2574404.58
EV Per Net Sales (X)12.1812.9311.9511.49
Price To Book Value (X)0.550.250.300.23
Price To Sales (X)0.580.270.300.20
Retention Ratios (%)89.4488.98100.0077.11
Earnings Yield (X)0.270.290.250.32

Karnataka Bank Ltd Profitability Ratios (%)

Karnataka Bank Ltd Liquidity Ratios

Karnataka Bank Ltd Liquidity Ratios (%)

Karnataka Bank Ltd Interest Coverage Ratios (X)

Karnataka Bank Ltd Valuation Ratios

Fair Value / Intrinsic Value of Karnataka Bank Ltd

Fair Value: ₹253.37

The stock is undervalued by 4.27% compared to the current price ₹243

*Investments are subject to market risks

Strength and Weakness of Karnataka Bank Ltd

Unable to fetch valid data for stock valuation.

Should I Buy Bandhan Bank Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Karnataka Bank Ltd:
    1. Net Profit Margin: 16.33%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: 7.07%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 6.33 (Industry average Stock P/E: 9.9)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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