Karur Vysya Bank Ltd logo

Karur Vysya Bank Ltd

KARURVYSYA NSE

Karur Vysya Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations.[1]

AI Verdict: BUY Confidence: 7%

Karur Vysya Bank trades at an attractive PE of 11.4x with strong profit growth of 31% CAGR over 3 years and ROE of 19%. While low promoter holding at 2.07% and high contingent liabilities are concerns, 81% analyst buy ratings and consistent earnings momentum support a buy at current valuations.

Key Fundamentals

SmallcapPrivate BankBanks
Market Cap
₹28,521 Cr
Volatility
Moderate
P/E Ratio
11.18
EBITDA
₹0.00 Cr
Return on Equity
15.98%
Debt to Equity
0
Book Value
₹145.97
EPS
₹21.19
52W High
₹343.45
52W Low
₹201.82

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 47.5% CAGR over last 5 years

Weaknesses

4
  • Company has low interest coverage ratio.
  • Promoter holding is low: 2.07%
  • Contingent liabilities of Rs.16,366 Cr.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
-3.77% ↘
Net Income Growth
29.29% ↗
Cash Flow Change
51.90% ↗
ROE
1.88% ↗
ROCE
8.93% ↗
EBITDA Margin (Avg.)
-20.63% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk medium

Karur Vysya Bank trades at an attractive PE of 11.4x with strong profit growth of 31% CAGR over 3 years and ROE of 19%. While low promoter holding at 2.07% and high contingent liabilities are concerns, 81% analyst buy ratings and consistent earnings momentum support a buy at current valuations.

Bull Case 8
  • Strong profit growth of 31% CAGR over 3 years and 48% CAGR over 5 years indicates sustained earnings momentum
  • Attractive valuation at PE of 11.4x compared to banking sector averages of 15-18x for similar-sized banks
  • ROE of 19% last year and 18% over 3 years demonstrates efficient capital utilization well above cost of equity
  • Overwhelming analyst consensus with 81.25% buy ratings (13 out of 16 analysts) signals institutional confidence
  • Revenue growth of 19% CAGR over 3 years shows healthy loan book expansion and NII growth
  • Stock CAGR of 42% over 3 years reflects market re-rating driven by fundamental improvement
  • Price-to-book of 2.03x is reasonable for a bank delivering 19% ROE, implying fair value relative to returns generated
  • TTM profit growth of 29% indicates continued strong quarterly performance without signs of deceleration
Bear Case 8
  • Extremely low promoter holding at 2.07% raises governance concerns and makes the bank vulnerable to hostile takeover or activist pressure
  • Contingent liabilities of Rs.16,366 Cr are significant relative to Rs.28,516 Cr market cap, representing potential off-balance-sheet risk
  • Low interest coverage ratio suggests vulnerability to margin compression in a rising deposit cost environment
  • Potential capitalisation of interest cost could overstate reported profitability and asset quality metrics
  • Dividend yield of only 0.88% is modest, indicating limited income return for shareholders despite strong profits
  • 10-year sales CAGR of only 7% reveals historically sluggish top-line growth before the recent acceleration
  • 10-year stock CAGR of 15% versus 3-year CAGR of 42% suggests much of the re-rating may already be priced in
  • 10-year ROE average of 12% indicates the current 19% ROE may not be sustainable through a full credit cycle

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 6
  • Corporate loan share to hit 20% May 28

    KVB plans to raise corporate loan share from 14% to 20% in two years, targeting commercial real estate, lease rental discounting, and credit substitution via NCDs/CPs worth ₹900 crore last year.

  • Strong asset quality, Buy rating Jun 12

    Gross NPA at 0.75%, net NPA at 0.19%, ROA averaging 2.29%, and 19 consecutive quarters of positive results. NII hit record ₹1,358.77 crore with CAR at 16.87%.

  • Microfinance scale-up to ₹500-700 cr May 28

    Microfinance portfolio grew from zero to ₹180 crore in 18 months through partnerships, with plans to scale to ₹500-700 crore via direct lending through business correspondents.

  • Premium Visa credit cards launched May 29

    KVB launched four premium Visa credit card variants (Aura, Samara, Altura, Eternis) targeting affluent customers, leveraging its 80 lakh BNPL customer base from Amazon partnership.

  • FY27 growth guidance 16-18% May 28

    Management guides 16-18% loan growth for FY27 (above industry's 16.1%), with NIM target of 3.75-3.8%, ROA of 1.7-1.8%, and LCR of 115-120%.

  • Sponge Park CSR initiative Jun 18

    KVB partnered with Tambaram City Municipal Corporation to launch a Sponge Park at Mullai Nagar for groundwater recharge and flood mitigation.

Neutral 7
  • New CFO and COO appointed Jun 23

    Ramasamy G V appointed CFO effective September 2026 and Ramshankar R as COO effective October 2026.

  • Dividend record date corrected Jun 24

    Record date confirmed as July 24, 2026 for FY 2025-26 dividend, with payment on or after August 6, 2026 post AGM approval. Also allotted 22,570 ESOS shares.

  • FCNR rates raised to 7% Jun 12

    Revised FCNR deposit rates to 7.00% p.a. on USD deposits for 3+ year tenures effective June 10, 2026, with one-year lock-in for highest tier.

  • Saksham Niveshak KYC campaign Jun 6

    Campaign launched April 1, 2026 to help shareholders update KYC and claim unpaid dividends before July 9, 2026 deadline.

  • New Chennai branch opening Jun 1

    New branch at Sidco Nagar, Chennai-Villivakkam opened June 4, 2026.

  • Partial tax appeal relief May 26

    Appeal partly allowed against ₹40.34 crore tax demand for AY 2022-23; bank plans to challenge the remaining demand.

  • Investor conference attendance Jun 1

    KVB attended ICICI Securities India Investor Conference on June 8, 2026 in Mumbai with no UPSI shared.

TL;DR: Karur Vysya Bank is executing a clear diversification playbook — expanding corporate loans to 20%, launching credit cards, scaling microfinance, and entering affordable housing — all while maintaining pristine asset quality (GNPA 0.75%, NNPA 0.19%) and strong profitability (ROA ~2.29%). No material headwinds surfaced in recent news, with only a minor ₹40.34 crore tax dispute pending. The trend is firmly positive with guided FY27 growth of 16-18% above industry, though NIM compression from 4.25% to 3.75-3.8% warrants monitoring as deposit costs rise.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
1,768
1,883
1,997
2,139
2,187
2,285
2,387
2,489
2,516
2,569
2,808
2,794
2,904
Expenses
847
741
743
833
1,051
800
896
878
925
839
1,030
848
985
Financing Profit
45
156
173
168
-53
225
167
203
164
240
231
392
373
Fin. Margin %
3%
8%
9%
8%
-2%
10%
7%
8%
7%
9%
8%
14%
13%
Other Income
401
333
339
358
626
388
469
465
509
447
512
509
616
Interest
876
986
1,082
1,138
1,189
1,260
1,324
1,407
1,427
1,489
1,547
1,555
1,545
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
446
489
512
526
574
613
636
668
674
687
743
901
989
Tax %
24%
27%
26%
22%
20%
25%
26%
26%
24%
24%
23%
23%
27%
Net Profit
338
359
378
412
456
459
474
496
513
521
574
690
725
EPS in Rs
3.51
3.72
3.93
4.27
4.73
4.75
4.9
5.14
5.31
5.4
5.94
7.14
7.5
Gross NPA %
2.27%
1.99%
1.73%
1.58%
1.4%
1.32%
1.1%
0.83%
0.76%
0.66%
0.76%
0.71%
0.75%
Net NPA %
0.74%
0.59%
0.47%
0.42%
0.4%
0.38%
0.28%
0.2%
0.2%
0.19%
0.19%
0.19%
0.19%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
5,396
5,443
5,622
5,700
5,816
5,990
5,470
5,588
6,517
8,213
9,678
11,074
Expenses
1,503
1,494
1,887
2,609
2,902
3,112
2,620
2,434
2,965
3,267
3,385
3,703
Financing Profit
-37
288
187
-311
-539
-764
-260
281
384
551
875
1,236
Fin. Margin %
-1%
5%
3%
-5%
-9%
-13%
-5%
5%
6%
7%
9%
11%
Other Income
590
707
782
900
963
1,155
919
769
1,159
1,649
1,830
2,084
Interest
3,930
3,662
3,549
3,402
3,453
3,642
3,111
2,872
3,168
4,395
5,418
6,136
Depreciation
81
83
86
85
101
119
124
119
106
100
114
0
PBT
471
912
883
504
322
272
534
931
1,437
2,100
2,591
3,320
Tax %
2%
38%
31%
31%
35%
14%
33%
28%
23%
24%
25%
24%
Net Profit
464
568
606
346
211
235
359
673
1,106
1,605
1,942
2,510
EPS in Rs
4.95
6.05
6.46
3.6
2.2
2.45
3.75
7.01
11.49
16.63
20.1
25.97
Div. Payout %
34%
30%
26%
13%
23%
0%
11%
19%
14%
12%
11%
10%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
122
122
122
145
160
160
160
160
160
161
161
193
Reserves
4,124
4,451
4,914
6,119
6,263
6,440
6,800
7,436
8,424
9,879
11,769
13,915
Borrowing
2,751
2,894
1,696
2,394
1,565
1,184
2,528
1,339
1,432
2,478
1,217
2,623
Deposits
44,840
50,079
53,700
56,890
59,868
59,075
63,278
68,486
76,638
89,113
1,02,078
1,15,666
Other Liabilities
1,315
1,439
1,376
1,393
1,484
1,419
1,857
2,650
3,526
3,822
4,143
4,207
Total Liabilities
53,152
58,985
61,808
66,941
69,340
68,278
74,623
80,071
90,179
1,05,453
1,19,367
1,36,603
Fixed Assets
395
417
411
475
545
563
518
464
418
412
451
502
CWIP
17
4
8
53
38
23
21
15
17
20
39
0
Investments
12,375
14,443
14,857
15,803
14,882
15,762
16,019
17,216
18,808
22,344
23,831
29,020
Other Assets
40,366
44,122
46,532
50,610
53,876
51,929
58,065
62,377
70,936
82,677
95,046
1,07,082
Total Assets
53,152
58,985
61,808
66,941
69,340
68,278
74,623
80,071
90,179
1,05,453
1,19,367
1,36,603
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-309
580
1,611
-550
-1,576
2,504
3,366
295
1,217
2,954
4,487
-554
Investing
-102
-92
-84
-170
549
-1,535
-1,379
-1,594
-1,270
-1,296
-2,151
-1,745
Financing
482
-346
-74
683
414
-274
-59
-96
-178
-694
-188
-205
Net Cash Flow
71
143
1,453
-36
-612
696
1,928
-1,394
-231
963
2,148
-2,504
Free Cash Flow
-411
488
1,527
-744
-1,730
2,369
3,289
238
1,156
2,864
4,319
-683
CFO/OP
-5
19
49
-11
-47
91
123
-1
28
69
79
2
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
12%
13%
13%
6%
3%
4%
5%
9%
14%
17%
18%
19%

Shareholding Pattern

As of Mar 2026
DIIs 39.26%
Public 35.51%
FIIs 19.25%
Others 3.89%
Promoters 2.07%
Government 0.02%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
2.13%
2.12%
2.12%
2.28%
2.28%
2.28%
2.26%
2.25%
2.24%
2.24%
2.24%
2.22%
2.20%
2.15%
2.13%
2.13%
2.11%
2.10%
2.10%
2.07%
2.07%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
16.87%
19.25%
DIIs
20.26%
19.92%
19.67%
21.29%
21.85%
22.72%
24.56%
29.81%
29.40%
30.81%
30.34%
33.20%
34.19%
33.67%
35.01%
36.54%
36.94%
37.62%
38.65%
40.20%
39.26%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.02%
0.02%
0.00%
0.00%
0.00%
0.02%
0.02%
0.01%
0.02%
0.02%
Public
49.62%
50.40%
52.46%
53.39%
53.06%
51.93%
49.09%
44.54%
43.72%
42.55%
42.53%
42.13%
41.26%
41.61%
40.48%
39.51%
38.91%
37.99%
37.21%
36.84%
35.51%
Others
28.00%
27.55%
25.75%
23.04%
22.81%
23.07%
24.10%
23.39%
24.63%
24.41%
24.89%
22.44%
22.33%
22.58%
22.38%
21.82%
22.02%
22.27%
22.02%
4.01%
3.89%
No. of Shareholders
0
0
23,149
1,84,878
1,94,336
2,04,045
2,02,252
2,00,256
2,03,830
2,07,639
2,22,316
2,32,052
2,45,953
2,58,964
2,57,300
2,60,387
2,60,949
2,52,957
2,64,784
2,67,174
2,72,726

Documents

Frequently Asked Questions about Karur Vysya Bank Ltd

What does Karur Vysya Bank Ltd do?
Karur Vysya Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations.[1]
Where is Karur Vysya Bank Ltd (KARURVYSYA) listed?
Karur Vysya Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: KARURVYSYA and BSE: 590003. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Karur Vysya Bank Ltd belong to?
Karur Vysya Bank Ltd operates in the Financial Services sector within the Banks industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Karur Vysya Bank Ltd?
Karur Vysya Bank Ltd has a market capitalisation of approximately ₹28521.24 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Karur Vysya Bank Ltd?
The Price-to-Earnings (PE) ratio of Karur Vysya Bank Ltd is 11.18. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Karur Vysya Bank Ltd?
Over the past 52 weeks, Karur Vysya Bank Ltd has traded between a low of ₹201.82 and a high of ₹343.45. This range helps investors understand the stock's price volatility and recent trading levels.
Does Karur Vysya Bank Ltd pay dividends?
Yes, Karur Vysya Bank Ltd has a dividend yield of 0.88%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Karur Vysya Bank Ltd?
Karur Vysya Bank Ltd has a Return on Equity (ROE) of 15.98%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Karur Vysya Bank Ltd on Tapetide?
On Tapetide, you can view Karur Vysya Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Karur Vysya Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations.[1]

Website kvb.co.in
CEO Mr. Ramesh Babu Boddu
Employees 9,765
Listed 2000-07-26
Face Value ₹ 2
Issued Size 96,64,70,328

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