Karnataka Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results– Karnataka Bank opened its doors in 1924 as examples of two spectacular events: its establishment in that year, as well as the start of its operations in March of the same year, owing its existence to a 100-year Karnataka Bank tradition in the field. Up to now, the bank has established 915 branches in India where it is running 1118 ATMs within its borders, serving more than 11 million thousand customers.
Latest Update – For the quarter ending June, private sector lender Karnataka Bank recorded a net profit amounting to Rs 400.33 crore, compared to Rs 370.70 crore in the corresponding previous quarter. This represents a year-on-year growth of 8%.
Karnataka Bank Overview
Contents
Karnataka Bank offers a variety of banking and financial services that include retail, co0rporate banking and para-banking functions, etc., in addition to treasury and overseas exchange.
| Company Name | Karnataka Bank Ltd |
| Listed at | NSE & BSE |
| Head Office | Post Box No. 599, Mahaveera Circle,Kankanady, Mangaluru-575 002 |
| Board Of Directors |
|
| Official Website | karnatakabank.com |
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Karnataka Bank Business Profile
The bank has a network of 877 branches, 1448 ATMs/Cash Recyclers spread across 22 States and 2 Union Territories. It has 79% of its branches in South India and 556 branches in Karnataka State.
It is divided into four parts: Corporate Banking, Treasury, Retail Banking and Other Banking Operations. Types of personal, business, agriculture and NRI Priority Banking, digital solutions, payments are among its products that it offers. Personal banking services on the other hand are comprised of savings account, cards, loan products as well as insurance coverage plus investment related assistance among other services and products.
In its loan portfolio, it has different kinds of loans like home loans, auto loans, personal loans as well as loans against properties among others and all this under one roof! Also included are different types of business banking services offered here: working capital finance facilities are provided for with term loan options available too in addition to other business financing products.
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Loan Book
Retail advances are responsible for 48% of the total loan book while corporate advances account for the remaining 52% Loans to msme account for about 29% of the total advances, followed by housing (19 percent), nbfc s (15 percent), agriculture (13 percent), large enterprises (9 percent), personal loans (7 percent) and others.
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In the financial year 2023 (FY23), the Bank will give more attention to growing a healthy loan book focusing on retail and mid-corporate segments as it seeks to improve its CASA share and more so concentrate on the management and recovery of non-performing assets.
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Association with Insurance Companies
The bank sells life insurance products in association with PNB Metlife, Life Insurance Corporation & Bharti AXA Life Insurance. The bank earned fee revenue of about ₹37 crores in FY22 (₹33 crores in FY21) from its life insurance venture.
The Bank has partnered with Universal Sompo General Insurance Co Ltd and Bajaj Allianz General Insurance Company Limited to offer health and non-life insurance products to its customers.
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Key Ratios
Capital Adequacy Ratio – 15.66%
Net Interest Margin – 3.18%
Gross NPA – 3.9%
Net NPA – 2.42%
CASA Ratio – 32.97%
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Karnataka Bank Fundamentals & Quarterly Results
| Terms | Value |
|---|---|
| Market Cap | ₹ 8,253 Cr. |
| Current Price | ₹ 219 |
| High / Low | ₹ 287 / 150 |
| Stock P/E | 6.35 |
| Book Value | ₹ 263 |
| Dividend Yield | 2.29% |
| ROCE | 6.76% |
| ROE | 15.9% |
| Face Value | ₹ 10.0 |
| Debt to equity | 10.8 |
| Debt Capacity | -6.83 |
| Debt preceding year | ₹ 88,931 Cr. |
| Debt | ₹ 88,931 Cr. |
| Reserves | ₹ 7,901 Cr. |
| EPS | ₹ 34.6 |
| EPS last year | ₹ 34.6 |
| Pledged percentage | 0.00% |
| FCF Prev Ann | ₹ 1,743 Cr. |
| EVEBITDA | 13.9 |
| Industry PE | 13.1 |
| PEG Ratio | 0.28 |
| Piotroski score | 4.00 |
| Earnings yield | 7.21% |
| Sales growth 5 Years | 7.04% |
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Karnataka Bank Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,565 | 1,579 | 1,629 | 1,771 | 1,851 | 1,969 | 1,959 | 2,027 | 2,113 | 2,201 |
| Interest | 942 | 922 | 942 | 968 | 1,016 | 1,109 | 1,144 | 1,204 | 1,285 | 1,367 |
| Expenses | 601 | 629 | 770 | 471 | 672 | 823 | 689 | 670 | 758 | 938 |
| Financing Profit | 21 | 27 | -83 | 332 | 162 | 37 | 126 | 153 | 70 | -104 |
| Financing Margin % | 1% | 2% | -5% | 19% | 9% | 2% | 6% | 8% | 3% | -5% |
| Other Income | 196 | 257 | 133 | 260 | 205 | 395 | 324 | 250 | 326 | 419 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 218 | 284 | 50 | 592 | 367 | 432 | 450 | 402 | 396 | 315 |
| Tax % | 33% | 54% | -129% | 30% | 18% | 18% | 18% | 18% | 16% | 13% |
| Net Profit | 147 | 130 | 114 | 412 | 301 | 354 | 371 | 330 | 331 | 274 |
| EPS (in Rs) | 4.71 | 4.19 | 3.67 | 13.22 | 9.64 | 11.33 | 11.87 | 10.56 | 9.55 | 7.27 |
| Gross NPA % | 4.11% | 3.90% | 4.03% | 3.36% | 3.28% | 3.74% | 3.68% | 3.47% | 3.64% | 3.53% |
| Net NPA % | 2.45% | 2.42% | 2.16% | 1.72% | 1.66% | 1.70% | 1.43% | 1.36% | 1.55% | 1.58% |
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CAGR Report
| 10 Years | 5 Years | 3 Years | TTM | |
|---|---|---|---|---|
| Compounded Sales Growth (%) | 7% | 7% | 10% | 15% |
| Compounded Profit Growth (%) | 15% | 22% | 39% | 11% |
| Stock Price CAGR (%) | 8% | 18% | 51% | 45% |
| Return on Equity (%) | 11% | 11% | 13% | 16% |
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| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| FIIs + | 19.20% | 14.74% | 14.57% | 12.80% | 9.40% | 11.92% | 20.30% | 18.86% |
| DIIs + | 11.56% | 12.79% | 15.96% | 10.65% | 5.85% | 5.34% | 5.74% | 23.06% |
| Public + | 69.24% | 72.47% | 69.47% | 76.55% | 84.75% | 82.74% | 73.95% | 58.08% |
| No. of Shareholders | 1,46,282 | 1,84,838 | 1,79,206 | 1,98,891 | 2,25,478 | 2,32,106 | 2,35,104 | 3,00,872 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹282.89 | ₹343.94 | ₹380.57 |
| 2025 | ₹388 | ₹365 | ₹436 |
| 2026 | ₹445 | ₹419 | ₹500 |
| 2027 | ₹510 | ₹479 | ₹572 |
| 2028 | ₹583 | ₹548 | ₹655 |
| 2029 | ₹668 | ₹628 | ₹749 |
| 2030 | ₹764 | ₹718 | ₹857 |
| Month | Target |
| January | ₹388 |
| February | ₹396 |
| March | ₹404 |
| April | ₹391 |
| May | ₹378 |
| June | ₹365 |
| July | ₹380 |
| August | ₹395 |
| September | ₹411 |
| October | ₹419 |
| November | ₹427 |
| December | ₹436 |
| Month | Target |
| January | ₹445 |
| February | ₹454 |
| March | ₹463 |
| April | ₹448 |
| May | ₹433 |
| June | ₹419 |
| July | ₹436 |
| August | ₹453 |
| September | ₹471 |
| October | ₹480 |
| November | ₹490 |
| December | ₹500 |
| Month | Target |
| January | ₹510 |
| February | ₹520 |
| March | ₹530 |
| April | ₹512 |
| May | ₹495 |
| June | ₹479 |
| July | ₹498 |
| August | ₹518 |
| September | ₹539 |
| October | ₹550 |
| November | ₹561 |
| December | ₹572 |
| Month | Target |
| January | ₹583 |
| February | ₹595 |
| March | ₹607 |
| April | ₹587 |
| May | ₹567 |
| June | ₹548 |
| July | ₹570 |
| August | ₹593 |
| September | ₹617 |
| October | ₹629 |
| November | ₹642 |
| December | ₹655 |
| Month | Target |
| January | ₹668 |
| February | ₹681 |
| March | ₹695 |
| April | ₹672 |
| May | ₹650 |
| June | ₹628 |
| July | ₹653 |
| August | ₹679 |
| September | ₹706 |
| October | ₹720 |
| November | ₹734 |
| December | ₹749 |
| Month | Target |
| January | ₹764 |
| February | ₹779 |
| March | ₹795 |
| April | ₹769 |
| May | ₹743 |
| June | ₹718 |
| July | ₹747 |
| August | ₹777 |
| September | ₹808 |
| October | ₹824 |
| November | ₹840 |
| December | ₹857 |
Official Website – karnatakabank.com