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Karur Vysya Bank

KARURVYSYA NSE
₹343.90 +7.80 (+2.32%)
P/E
12.11
View as Markdown
MCP
Close 4 Nov 2026 ₹343.90 +97.19 +39.4% 1Y
Start ₹246.71

Key Fundamentals

SmallcapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹28.40
Book Value
₹159.25
Market Cap
—
P/E (TTM)
12.11
P/B
2.16
ROE
19.10%
Dividend Yield
0.77%
52W High
₹390.80
52W Low
₹236.63
Day Range
₹338.40 – ₹347.30
Volume
21,70,059
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

Karur Vysya Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
Karur Vysya Bank (this company)
₹343.9012.11₹33,095 Cr2.160.77%19.10%—₹11,555 Cr₹2,745 Cr
Median 8 companies₹598.0515.05₹2,33,797 Cr1.950.57%13.35%—₹59,421 Cr₹14,901 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 100/100

insider_selling

Category scores

Quality
46
Average
Returns, margins, earnings quality 22% weight
Valuation
31
Poor
Cheap vs sector & own history 24% weight
Growth
88
Strong
Sales & profit trajectory 9% weight
Financial Health
98
Strong
Solvency, leverage, coverage 9% weight
Momentum
70
Strong
Trend strength, vol-adjusted 12% weight
Ownership
62
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 47.2% CAGR over last 5 years

Weaknesses

4
  • Company has low interest coverage ratio.
  • Promoter holding is low: 2.07%
  • Contingent liabilities of Rs.14,661 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish667
OscillatorsBearish261
Moving AveragesStrong Bullish406

Key readings

RSI (14)
50.48
Neutral
MACD (12,26,9)
2.74
Bearish
SMA (50)
339.56
Bullish
SMA (200)
310.93
Bullish

As of

Analyst Rating

Based on 19 analysts
BUY89%

17 of 19 analysts rate Buy, 1 Hold, 1 Sell.

As of

BUY
17
89%
HOLD
1
5%
SELL
1
5%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.36%
5Y+15.15%
3Y+19.33%
1Y+14.42%
TTM+16.00%

Net profit

Net profit growth by window
10Y+16.02%
5Y+47.54%
3Y+31.41%
1Y+29.25%
TTM+36.98%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5,622 Cr
Mar 2018₹5,700 Cr
Mar 2019₹5,816 Cr
Mar 2020₹5,990 Cr
Mar 2021₹5,470 Cr
Mar 2022₹5,588 Cr
Mar 2023₹6,517 Cr
Mar 2024₹8,213 Cr
Mar 2025₹9,678 Cr
Mar 2026₹11,074 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹606 Cr
Mar 2018₹346 Cr
Mar 2019₹211 Cr
Mar 2020₹235 Cr
Mar 2021₹359 Cr
Mar 2022₹673 Cr
Mar 2023₹1,106 Cr
Mar 2024₹1,605 Cr
Mar 2025₹1,942 Cr
Mar 2026₹2,510 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹31.63 +21.8% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk medium

Karur Vysya Bank trades at ₹350.2 as of 2026-10-28 with a market cap of ₹33,849 Cr, a P/E of 12.33x, and a P/B of 2.2x. The bank has delivered strong profit growth of 47% CAGR over five years and an ROE of 17.79%, but faces concerns around very low promoter holding at 2.07% and contingent liabilities of ₹14,661 Cr.

Bull Case 8
  • Compounded profit growth of 47% CAGR over the last 5 years reflects a sharp earnings recovery and operational improvement
  • ROE of 17.79% as of 2026-10-28 is well above the cost of equity for most Indian banks, with a 3-year average ROE of 18% showing consistency
  • TTM revenue growth of 16% and 3-year compounded sales growth of 19% indicate healthy loan book expansion and net interest income momentum
  • TTM profit growth of 37% continues to outpace revenue growth of 16%, suggesting improving operating leverage and cost discipline
  • Stock has delivered a 1-year CAGR of 51% and a 3-year CAGR of 45%, indicating sustained market re-rating of the franchise
  • P/E of 12.33x on an EPS of ₹28.4 is moderate relative to the bank's 17.79% ROE, suggesting earnings strength is not fully priced in relative to return metrics
  • 10-year compounded profit growth of 16% and 10-year stock CAGR of 18% show that long-term value creation has been meaningful despite cyclical challenges
  • Last year ROE of 19% is the highest in the reported series, suggesting the bank's return profile is still improving
Bear Case 8
  • Promoter holding is extremely low at just 2.07%, which raises governance concerns and leaves the bank vulnerable to activist or hostile acquisition activity
  • Contingent liabilities stand at ₹14,661 Cr, which is approximately 43% of the bank's market cap of ₹33,849 Cr — a material off-balance-sheet risk
  • Low interest coverage ratio suggests the bank's earnings buffer over its interest obligations is thin, posing risk in a rising cost-of-funds environment
  • Concern that the company might be capitalizing interest costs could mean reported profits overstate true economic earnings
  • Stock is trading about 10.4% below its 52-week high of ₹390.8, after a very sharp run-up (51% in one year), which raises the risk of mean reversion
  • Dividend yield of just 0.74% is modest for a bank with 17.79% ROE, indicating limited cash return to shareholders relative to profitability
  • 10-year compounded sales growth of only 7% highlights a historically slow-growing franchise; the recent acceleration to 19% over 3 years may not be sustainable
  • P/B of 2.2x is elevated for a mid-sized old-generation private bank, leaving limited room for further valuation expansion if growth moderates

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

AI News Digest

9h ago

TL;DR: Karur Vysya Bank is firing on all cylinders operationally — Q2FY27 profit beat estimates with 37% YoY growth, NII expanded 19%, and asset quality is near pristine at 0.18% net NPA. The 6% single-day drop on Oct 23 appears to be profit-booking after a sharp rally rather than a fundamental deterioration, with the stock still up ~25% YTD. The raised NIM guidance above 4% and expanding branch network signal management confidence in sustaining momentum, though investors should watch for any uptick in provisions or broader market risk-off sentiment in the near term.

Headwinds 3
  • Sharp 6% single-day selloff Oct 23

    Shares fell 6.25% to ₹333.80 on Oct 23, declining 11% from the lifetime high of ₹374.95 set on Oct 19, driven by profit-booking after a quick 8.5% two-day rally.

  • Broader midcap market weakness Oct 23

    The selloff coincided with Nifty Midcap 100 dropping ~2.7% and Nifty Bank declining 1.3%, adding external pressure to the stock.

  • Sequential provisions rise 31% Oct 15

    Provisions increased to ₹118.5 crore in Q2FY27 from ₹90.3 crore in Q1, a 31.2% sequential uptick despite improved asset quality metrics.

Positives 6
  • Q2 profit surges 37% YoY Oct 15

    Net profit jumped 37.2% to ₹788 crore in Q2FY27, beating consensus estimates of ₹760 crore by ~3.9%. H1 FY27 net profit stood at ₹1,543 crore, up 40.9% YoY.

  • NII grows 19% on strong core Oct 15

    Net interest income rose 19% YoY to ₹1,497.3 crore in Q2FY27, with NIM guidance raised to above 4% for FY27 versus the prior 3.7–3.8% range.

  • Asset quality near best-in-class Oct 15

    Gross NPA improved to 0.69% from 0.74% QoQ and net NPA contracted to 0.18%, with provision coverage ratio at 96.13% — among the cleanest balance sheets in its peer group.

Neutral 4
  • One-year MCLR set at 9.25% Oct 21

    Karur Vysya Bank revised its one-year MCLR to 9.25% effective October 22, the benchmark rate for determining lending rates across loan categories.

  • COO transition completed Oct 16

    COO Chandrasekaran M S demitted office on Oct 15 after tenure completion; Ramshankar R assumed the role from Oct 16.

  • 14,442 ESOS shares allotted Oct 15

    The board approved allotment of 14,442 equity shares to senior management under the KVB ESOS 2018 scheme for FY23 performance — a negligible dilution event.

Quarterly Results

₹ Cr
KARURVYSYA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
1,883
1,997
2,139
2,187
2,285
2,387
2,489
2,516
2,569
2,808
2,794
2,904
3,049
Expenses
741
743
833
1,051
800
896
878
925
839
1,030
848
985
859
Financing Profit
156
173
168
−53
225
167
203
164
240
231
392
373
564
Fin. Margin %
8%
9%
8%
−2%
10%
7%
8%
7%
9%
8%
14%
13%
18%
Other Income
333
339
358
626
388
469
465
509
447
512
509
616
442
Interest
986
1,082
1,138
1,189
1,260
1,324
1,407
1,427
1,489
1,547
1,555
1,545
1,627
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
489
512
526
574
613
636
668
674
687
743
901
989
1,005
Tax %
27%
26%
22%
20%
25%
26%
26%
24%
24%
23%
23%
27%
25%
Net Profit
359
378
412
456
459
474
496
513
521
574
690
725
756
EPS (₹)
3.72
3.93
4.27
4.73
4.75
4.9
5.14
5.31
5.4
5.94
7.14
7.5
7.82
Gross NPA %
1.99%
1.73%
1.58%
1.4%
1.32%
1.1%
0.83%
0.76%
0.66%
0.76%
0.71%
0.75%
0.74%
Net NPA %
0.59%
0.47%
0.42%
0.4%
0.38%
0.28%
0.2%
0.2%
0.19%
0.19%
0.19%
0.19%
0.19%

Profit & Loss

₹ Cr
KARURVYSYA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
11,555
Expenses
1,503
1,494
1,887
2,609
2,902
3,112
2,620
2,434
2,965
3,267
3,385
3,576
3,723
Financing Profit
−37
288
187
−311
−539
−764
−260
281
384
551
875
1,363
1,559
Fin. Margin %
−1%
5%
3%
−5%
−9%
−13%
−5%
5%
6%
7%
9%
12%
13%
Other Income
590
707
782
900
963
1,155
919
769
1,159
1,649
1,830
2,084
2,079
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
6,273
Depreciation
81
83
86
85
101
119
124
119
106
100
114
127
0
PBT
471
912
883
504
322
272
534
931
1,437
2,100
2,591
3,320
3,638
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
2,745
EPS (₹)
4.95
6.05
6.46
3.6
2.2
2.45
3.75
7.01
11.49
16.63
20.1
25.97
28.4
Div. Payout %
34%
30%
26%
13%
23%
0%
11%
19%
14%
12%
11%
10%
—

Balance Sheet

₹ Cr
KARURVYSYA balance sheet, annual, ₹ crore
Particulars 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
455
CWIP
17
4
8
53
38
23
21
15
17
20
39
47
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

Cash Flow

₹ Cr
KARURVYSYA cash flow, annual, ₹ crore
Particulars 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

Ratios

KARURVYSYA financial ratios, annual
Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Karur Vysya Bank insights

84 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 42.10%
  • Public 34.29%
  • FIIs 18.10%
  • Others 3.57%
  • Promoters 1.95%

4.65% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: FIIs and Others. Not available separately for this quarter: the holding is recorded inside Others, so both are left blank rather than shown at a wrong split.

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Karur Vysya Bank

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.
Where is Karur Vysya Bank Ltd (KARURVYSYA) listed?
Karur Vysya Bank Ltd trades as KARURVYSYA on the NSE and under code 590003 on the BSE.
Which sector does Karur Vysya Bank Ltd belong to?
Karur Vysya Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of Karur Vysya Bank Ltd?
Karur Vysya Bank Ltd trades at a PE ratio of 12.11 as of 4 Nov 2026, on earnings per share of ₹28.4, against a book value of ₹159.25 per share.
What is the 52-week high and low of Karur Vysya Bank Ltd?
Over the last 52 weeks Karur Vysya Bank Ltd has traded between ₹236.63 and ₹390.8 as of 4 Nov 2026.
Does Karur Vysya Bank Ltd pay dividends?
Karur Vysya Bank Ltd has a dividend yield of 0.77%.
What is the Return on Equity (ROE) of Karur Vysya Bank Ltd?
Karur Vysya Bank Ltd reported a return on equity of 19.10%.

Company Information

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

Website kvb.bank.in
CEO Mr. Ramesh Babu Boddu
Employees 9,765
Listed 26 Jul 2000
Face Value ₹2

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