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Karur Vysya Bank

BSE:590003
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
590003
BSE
₹60B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

The Karur Vysya Bank Limited provides various banking and financial services for personal and corporate customers in India. The last earnings update was 5 days ago. More info.


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590003 Share Price and Events
7 Day Returns
-1.5%
BSE:590003
0.5%
IN Banks
-0.1%
IN Market
1 Year Returns
-11.4%
BSE:590003
9.8%
IN Banks
-3.7%
IN Market
590003 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Karur Vysya Bank (590003) -1.5% -0.8% 18.2% -11.4% -10.2% -6%
IN Banks 0.5% -3.4% 10.8% 9.8% 50% 15.3%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • 590003 underperformed the Banks industry which returned 9.8% over the past year.
  • 590003 underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
590003
Industry
5yr Volatility vs Market

Value

 Is Karur Vysya Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Karur Vysya Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Karur Vysya Bank.

BSE:590003 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= ₹86.44 * 8.8%
₹7.59
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. ₹86.44
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:590003
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 35%) (26.22%))
0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for BSE:590003 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Karur Vysya Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:590003 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.8% – 14.43%) * ₹86.44)
₹-4.89
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-4.89 / (14.43% - 7.55%)
₹-71.05
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹86.44 + ₹-71.05
₹15.39
BSE:590003 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹15.40
Current discount Discount to share price of ₹78.10
= -1 x (₹78.10 - ₹15.40) / ₹15.40
-407.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Karur Vysya Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Karur Vysya Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Karur Vysya Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:590003 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹2.64
NSEI:KARURVYSYA Share Price ** NSEI (2019-05-20) in INR ₹78.05
India Banks Industry PE Ratio Median Figure of 21 Publicly-Listed Banks Companies 28.36x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Karur Vysya Bank.

BSE:590003 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:KARURVYSYA Share Price ÷ EPS (both in INR)

= 78.05 ÷ 2.64

29.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Karur Vysya Bank is overvalued based on earnings compared to the IN Banks industry average.
  • Karur Vysya Bank is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Karur Vysya Bank's expected growth come at a high price?
Raw Data
BSE:590003 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
38.9%per year
India Banks Industry PEG Ratio Median Figure of 19 Publicly-Listed Banks Companies 1.1x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

BSE:590003 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.56x ÷ 38.9%

0.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Karur Vysya Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Karur Vysya Bank's assets?
Raw Data
BSE:590003 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹80.26
NSEI:KARURVYSYA Share Price * NSEI (2019-05-20) in INR ₹78.05
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.57x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
BSE:590003 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:KARURVYSYA Share Price ÷ Book Value per Share (both in INR)

= 78.05 ÷ 80.26

0.97x

* Primary Listing of Karur Vysya Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Karur Vysya Bank is overvalued based on assets compared to the IN Banks industry average.
X
Value checks
We assess Karur Vysya Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Karur Vysya Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Karur Vysya Bank expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Karur Vysya Bank expected to grow at an attractive rate?
  • Karur Vysya Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Karur Vysya Bank's earnings growth is expected to exceed the India market average.
  • Karur Vysya Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:590003 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:590003 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 38.9%
BSE:590003 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 21.1%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 31.9%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 18.8%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:590003 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:590003 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 14,621
2022-03-31 10,976
2021-03-31 30,007 7,986 5
2020-03-31 26,347 4,130 6
BSE:590003 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 19,370 2,109
2018-12-31 18,551 2,014
2018-09-30 18,765 2,517
2018-06-30 17,988 2,436
2018-03-31 19,244 -37,275 3,457
2017-12-31 20,615 5,127
2017-09-30 21,299 5,569
2017-06-30 21,983 -29,543 6,076
2017-03-31 21,684 -20,097 6,060
2016-12-31 24,149 5,264
2016-09-30 23,497 5,635
2016-06-30 20,727 5,794

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Karur Vysya Bank's earnings are expected to grow significantly at over 20% yearly.
  • Karur Vysya Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:590003 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Karur Vysya Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:590003 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 18.30 18.30 18.30 1.00
2022-03-31 14.60 14.60 14.60 1.00
2021-03-31 9.74 12.90 5.13 8.00
2020-03-31 5.33 6.90 3.52 8.00
BSE:590003 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 2.64
2018-12-31 2.48
2018-09-30 3.14
2018-06-30 3.07
2018-03-31 4.53
2017-12-31 7.18
2017-09-30 8.31
2017-06-30 9.07
2017-03-31 9.05
2016-12-31 7.85
2016-09-30 8.41
2016-06-30 8.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Karur Vysya Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Karur Vysya Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Karur Vysya Bank has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Karur Vysya Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Karur Vysya Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Karur Vysya Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Karur Vysya Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Karur Vysya Bank's 1-year earnings growth is negative, it can't be compared to the IN Banks industry average.
Earnings and Revenue History
Karur Vysya Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Karur Vysya Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:590003 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 19,370.40 2,108.70 7,611.70
2018-12-31 18,550.65 2,014.12 11,643.01
2018-09-30 18,765.35 2,517.02 11,199.91
2018-06-30 17,987.55 2,436.12 11,024.01
2018-03-31 19,243.65 3,456.72 10,752.91
2017-12-31 20,614.74 5,126.73 9,893.91
2017-09-30 21,299.04 5,569.43 10,116.51
2017-06-30 21,983.24 6,076.03 10,233.71
2017-03-31 21,684.24 6,059.83 9,994.81
2016-12-31 24,149.19 5,264.25 9,779.40
2016-09-30 23,497.39 5,634.95 9,288.70
2016-06-30 20,726.79 5,794.05 9,908.68
2016-03-31 20,967.59 5,676.35 9,147.48
2015-12-31 18,953.32 5,674.65 8,892.14
2015-09-30 17,991.52 5,285.15 9,024.54
2015-06-30 16,622.82 4,767.95 8,961.64
2015-03-31 15,662.32 4,642.85 8,703.94
2014-12-31 15,679.11 4,460.40 8,233.79
2014-09-30 14,959.21 4,389.80 8,242.39
2014-06-30 14,017.61 4,313.70 8,290.29
2014-03-31 14,058.51 4,296.00 8,140.49
2013-12-31 14,011.90 4,685.93 7,245.95
2013-09-30 13,898.30 4,748.13 6,700.05
2013-06-30 14,950.90 5,246.73 6,208.95
2013-03-31 14,876.40 5,503.23 5,880.55
2012-12-31 14,742.38 5,385.34 4,895.41
2012-09-30 14,136.18 5,504.14 4,716.81
2012-06-30 13,001.38 5,309.74 4,496.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Karur Vysya Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Karur Vysya Bank used its assets less efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if Karur Vysya Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Karur Vysya Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Karur Vysya Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Karur Vysya Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Karur Vysya Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Karur Vysya Bank Company Filings, last reported 1 month ago.

BSE:590003 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 64,228.00 15,653.40 29,346.80
2018-12-31 63,413.00 18,843.00 30,281.80
2018-09-30 63,413.00 18,843.00 30,281.80
2018-06-30 62,641.87 23,816.75 20,627.69
2018-03-31 62,641.87 23,816.75 20,627.69
2017-12-31 52,537.10 6,629.50 29,495.20
2017-09-30 52,537.10 6,629.50 29,495.20
2017-06-30 52,468.60 11,800.50 14,172.80
2017-03-31 50,356.97 16,956.50 21,194.83
2016-12-31 48,874.40 14,664.00 27,112.60
2016-09-30 48,874.40 14,664.00 27,112.60
2016-06-30 45,729.51 28,942.40 8,863.15
2016-03-31 45,729.51 28,942.40 8,863.15
2015-12-31 45,292.80 33,061.30 24,798.60
2015-09-30 45,292.80 33,061.30 24,798.60
2015-06-30 42,460.31 29,007.54 6,833.25
2015-03-31 42,460.31 29,007.54 6,833.25
2014-12-31 41,638.40 37,630.10 23,490.70
2014-09-30 41,638.40 37,630.10 23,490.70
2014-06-30 34,514.20 20,911.80 24,929.50
2014-03-31 33,263.45 32,932.12 5,514.04
2013-12-31 33,016.10 25,722.00 23,684.30
2013-09-30 33,016.10 25,722.00 23,684.30
2013-06-30 30,851.94 39,993.42 5,383.57
2013-03-31 30,851.94 39,993.42 5,383.57
2012-12-31 29,869.20 29,856.80 21,335.20
2012-09-30 29,869.20 29,856.80 21,335.20
2012-06-30 27,082.19 19,725.61 4,204.30
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Karur Vysya Bank has an acceptable proportion of non-loan assets held.
  • Karur Vysya Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Karur Vysya Bank are broadly funded by customer deposits.
  • Karur Vysya Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Karur Vysya Bank has a sufficient allowance for bad loans without relevant financial data.
  • Karur Vysya Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Karur Vysya Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Karur Vysya Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Karur Vysya Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.77%
Current annual income from Karur Vysya Bank dividends. Estimated to be 2.27% next year.
If you bought ₹2,000 of Karur Vysya Bank shares you are expected to receive ₹15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Karur Vysya Bank's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Karur Vysya Bank's dividend is below the markets top 25% of dividend payers in India (2.09%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:590003 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
India Banks Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:590003 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31 2.40 1.00
2021-03-31 2.08 5.00
2020-03-31 1.23 4.00
BSE:590003 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.600 0.804
2018-07-16 0.546 0.667
2018-05-25 0.546 0.583
2017-06-29 2.364 2.161
2017-05-18 2.364 2.010
2016-06-29 2.546 2.915
2016-05-27 2.546 2.923
2016-03-14 1.818 2.178
2015-06-29 2.364 2.889
2015-05-04 2.364 2.779
2015-04-30 2.364 2.699
2014-08-21 2.364 2.382
2014-08-19 2.364 2.753
2014-07-01 2.364 2.728
2014-05-28 2.364 2.801
2013-07-16 2.546 4.076
2013-05-24 2.546 3.143
2012-07-31 2.546 3.038
2012-07-06 2.546 3.288
2011-11-02 2.182 3.123
2010-05-20 1.558 1.977
2010-03-31 1.558 2.502
2009-06-01 1.558 3.436
2009-05-28 1.558 3.855

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Karur Vysya Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.1x coverage).
X
Income/ dividend checks
We assess Karur Vysya Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Karur Vysya Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Karur Vysya Bank has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Karur Vysya Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
P. Seshadri
COMPENSATION ₹11,940,697
AGE 55
TENURE AS CEO 1.7 years
CEO Bio

Mr. P. R. Seshadri has been the Chief Executive Officer and Managing Director of The Karur Vysya Bank Limited since September 4, 2017 and its Additional Director since August 2017. Mr. Seshadri is a senior banker with Commercial and Retail Banking experience of over 25 years spanning multiple geographies. He has a proven track record of building and leading large teams while executing and delivering complex business objectives. He has significant experience in working in highly regulated businesses/environments in Asia/UK. He started his banking career with Citibank N.A., India in early 1992. He was involved with Citibank India in various capacities till 2005. He made significant contributions to Citibank’s businesses in India. From 2003 – 2005, He was the Managing Director of Citi Financial Consumer Finance India Limited, a pioneer in the consumer finance space and also one of the largest Non-bank finance companies of that time. Prior to this, he was Marketing Director, Citibank India responsible for lending products and the development of structured products – e.g. securitisation. He served as Head of Banking Collections at Citibank N.A., he pioneered many of the collection practices commonplace in the industry today. He was the principal architect of Citi’s Collection Code of Conduct – a documentation of best practices that has been widely emulated. He moved to Singapore in 2005 as the Managing Director & Regional Head of Lending Businesses, Asia Pacific. In this capacity he was responsible for Citibank’s Lending Businesses in 13 countries/territories across Asia Pacific. Subsequently, he was appointed as the Managing Director & Head of Sales & Distribution, Citibank in Asia Pacific. In this capacity he was responsible for sales/distribution of all of Citi’s products through branches/other non-branch channels. He was a key driver of the rapid changes to Citi’s sales and distribution model over this period. More recently, he was Chief Executive Officer of BFC Bank Limited – a ‘Global Payment Bank’ established in London to provide convenient and fast global payments capabilities while fully conforming to regulatory requirements - at reasonable costs - to payment service providers and medium sized corporates in UK and elsewhere. He is an alumnus of the Indian Institute of Management, Bangalore (Post Graduate Diploma in Management) and Delhi College of Engineering (Bachelor of Engineering).

CEO Compensation
  • Insufficient data for P. to compare compensation growth.
  • P.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Karur Vysya Bank management team in years:

1.4
Average Tenure
57
Average Age
  • The average tenure for the Karur Vysya Bank management team is less than 2 years, this suggests a new team.
Management Team

P. Seshadri

TITLE
MD, CEO & Additional Director
COMPENSATION
₹12M
AGE
55
TENURE
1.7 yrs

G. Venkataraman

TITLE
Assistant General Manager of IAD
COMPENSATION
₹8M

J. Natarajan

TITLE
President & COO
AGE
57
TENURE
1.1 yrs

T. Prasad

TITLE
GM & CFO

M. Kumar

TITLE
Chief Compliance Officer & Deputy GM

R. Rajagopalan

TITLE
Deputy General Manager of Legal
AGE
54

G. S. Kumar

TITLE
Chief General Manager
AGE
57

S. Balaji

TITLE
Chief General Manager
AGE
57

M. D. Murthy

TITLE
GM & Chief Risk Officer
TENURE
1.1 yrs

T. Srinivasan

TITLE
Head of Treasury
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Karur Vysya Bank board of directors in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Karur Vysya Bank board of directors is about average.
Board of Directors

N. Srinath

TITLE
Non-Executive Chairman
AGE
66
TENURE
0.2 yrs

P. Seshadri

TITLE
MD, CEO & Additional Director
COMPENSATION
₹12M
AGE
55
TENURE
1.8 yrs

M. Venkatesan

TITLE
Non-Executive Non-Independent Director
AGE
60
TENURE
4.4 yrs

V. G. Prasad

TITLE
Non-Executive Independent Director
AGE
59
TENURE
4.9 yrs

A. Praburaj

TITLE
Non-Executive Non-Independent Director
AGE
47
TENURE
4.4 yrs

K. Vijayalakshmi

TITLE
Non-Executive Independent Director
AGE
53
TENURE
4.2 yrs

M. Srinivasamoorthi

TITLE
Non-Executive Non-Independent Director
AGE
55
TENURE
3.8 yrs

K. Ravichandran

TITLE
Non-Executive Independent Director
AGE
56
TENURE
3 yrs

R. Ramkumar

TITLE
Non-Executive Non-Independent Director
AGE
36
TENURE
0.9 yrs

Sriram Rajan

TITLE
Non-Executive Independent Director
AGE
45
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Karur Vysya Bank insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
30. Mar 19 Sell A. S. Sudha Individual 29. Mar 19 29. Mar 19 -15,000 ₹71.69 ₹-1,075,357
30. Mar 19 Sell A. Suriyanarayana Individual 29. Mar 19 29. Mar 19 -30,000 ₹71.84 ₹-2,155,134
30. Mar 19 Sell Muthuswamy Balachandran Individual 29. Mar 19 29. Mar 19 -10,000 ₹71.73 ₹-717,255
21. Mar 19 Sell A. S. Sudha Individual 20. Mar 19 20. Mar 19 -20,000 ₹71.10 ₹-1,422,061
28. Feb 19 Sell A. Suriyanarayana Individual 27. Feb 19 27. Feb 19 -20,000 ₹68.48 ₹-1,369,645
29. Jan 19 Sell M. Shruthi Individual 24. Jan 19 25. Jan 19 -23,000 ₹91.37 ₹-2,099,855
19. Jan 19 Sell A. Suriyanarayana Individual 14. Jan 19 15. Jan 19 -10,000 ₹92.93 ₹-923,773
18. Jan 19 Sell Munugoor Venkatesan Individual 14. Jan 19 14. Jan 19 -3,000 ₹92.73 ₹-278,190
14. Jan 19 Sell R. Ramkumar Individual 11. Jan 19 11. Jan 19 -4,000 ₹94.03 ₹-376,137
14. Jan 19 Sell G. Mani Individual 11. Jan 19 11. Jan 19 -4,000 ₹94.03 ₹-376,137
11. Jan 19 Sell R. Ramkumar Individual 10. Jan 19 10. Jan 19 -2,000 ₹93.03 ₹-186,070
11. Jan 19 Sell Munugoor Venkatesan Individual 11. Jan 19 11. Jan 19 -2,000 ₹94.50 ₹-189,000
11. Jan 19 Sell G. Mani Individual 10. Jan 19 10. Jan 19 -2,000 ₹93.03 ₹-186,070
08. Jan 19 Sell Munugoor Venkatesan Individual 07. Jan 19 07. Jan 19 -2,000 ₹92.50 ₹-185,000
03. Jan 19 Sell R. Ramkumar Individual 02. Jan 19 02. Jan 19 -10,000 ₹91.79 ₹-917,867
03. Jan 19 Sell Munugoor Venkatesan Individual 02. Jan 19 02. Jan 19 -2,000 ₹92.50 ₹-185,000
03. Jan 19 Sell G. Mani Individual 02. Jan 19 02. Jan 19 -10,000 ₹91.79 ₹-917,867
02. Jan 19 Sell R. Ramkumar Individual 31. Dec 18 01. Jan 19 -12,949 ₹89.97 ₹-1,156,679
02. Jan 19 Sell Munugoor Venkatesan Individual 01. Jan 19 01. Jan 19 -2,000 ₹90.00 ₹-180,000
02. Jan 19 Sell G. Mani Individual 31. Dec 18 01. Jan 19 -15,000 ₹90.04 ₹-1,341,933
31. Dec 18 Sell G. Mani Individual 28. Dec 18 28. Dec 18 -11,000 ₹87.23 ₹-959,514
31. Dec 18 Sell R. Ramkumar Individual 28. Dec 18 28. Dec 18 -6,000 ₹87.49 ₹-524,949
31. Dec 18 Sell G. Rajasekaran Individual 28. Dec 18 28. Dec 18 -5,000 ₹86.91 ₹-434,566
29. Dec 18 Sell Munugoor Venkatesan Individual 28. Dec 18 28. Dec 18 -3,000 ₹87.46 ₹-262,376
29. Dec 18 Sell M. V. Usha Individual 28. Dec 18 28. Dec 18 -2,000 ₹86.65 ₹-173,304
26. Dec 18 Sell M. V. Prajeeth Individual 21. Dec 18 24. Dec 18 -4,000 ₹86.00 ₹-343,656
26. Dec 18 Sell M. V. Usha Individual 24. Dec 18 24. Dec 18 -2,000 ₹86.00 ₹-172,000
20. Dec 18 Sell G. Rajasekaran Individual 19. Dec 18 19. Dec 18 -11,000 ₹85.52 ₹-940,738
20. Dec 18 Sell G. Mani Individual 19. Dec 18 19. Dec 18 -3,000 ₹85.99 ₹-257,985
19. Dec 18 Sell M. V. Usha Individual 19. Dec 18 19. Dec 18 -2,000 ₹86.00 ₹-172,000
19. Dec 18 Sell M. V. Prajeeth Individual 18. Dec 18 19. Dec 18 -6,000 ₹86.00 ₹-505,647
19. Dec 18 Sell M. V. Usha Individual 18. Dec 18 18. Dec 18 -4,000 ₹83.41 ₹-333,640
19. Dec 18 Sell G. Rajasekaran Individual 18. Dec 18 18. Dec 18 -5,000 ₹84.47 ₹-422,365
17. Dec 18 Sell G. Mani Individual 14. Dec 18 14. Dec 18 -7,127 ₹83.42 ₹-594,544
17. Dec 18 Sell G. Rajasekaran Individual 14. Dec 18 14. Dec 18 -15,000 ₹82.99 ₹-1,244,806
14. Dec 18 Sell G. Mani Individual 13. Dec 18 13. Dec 18 -15,000 ₹80.48 ₹-1,207,217
14. Dec 18 Sell G. Rajasekaran Individual 13. Dec 18 13. Dec 18 -30,000 ₹81.23 ₹-2,436,943
13. Dec 18 Sell M. V. Prajeeth Individual 12. Dec 18 12. Dec 18 -3,000 ₹80.00 ₹-240,000
13. Dec 18 Sell M. V. Usha Individual 12. Dec 18 12. Dec 18 -10,000 ₹79.62 ₹-796,250
05. Dec 18 Sell M. V. Prajeeth Individual 04. Dec 18 04. Dec 18 -3,216 ₹80.00 ₹-257,280
05. Dec 18 Sell M. V. Usha Individual 04. Dec 18 04. Dec 18 -2,500 ₹80.00 ₹-200,000
29. Nov 18 Sell M. V. Prajeeth Individual 28. Nov 18 29. Nov 18 -7,390 ₹79.40 ₹-583,905
29. Nov 18 Sell M. V. Usha Individual 28. Nov 18 29. Nov 18 -8,000 ₹80.00 ₹-634,608
26. Nov 18 Sell M. V. Prajeeth Individual 21. Nov 18 21. Nov 18 -5,000 ₹82.00 ₹-410,000
28. Nov 18 Sell M. V. Prajeeth Individual 27. Nov 18 27. Nov 18 -5,000 ₹80.00 ₹-400,000
28. Nov 18 Sell M. V. Usha Individual 27. Nov 18 27. Nov 18 -10,000 ₹79.33 ₹-793,300
26. Nov 18 Sell M. V. Usha Individual 21. Nov 18 26. Nov 18 -10,000 ₹81.57 ₹-804,366
26. Nov 18 Sell G. Mani Individual 22. Nov 18 22. Nov 18 -5,000 ₹82.81 ₹-414,060
20. Nov 18 Sell B. Nirmala Individual 16. Nov 18 20. Nov 18 -3,000 ₹82.06 ₹-245,485
20. Nov 18 Sell M. V. Prajeeth Individual 20. Nov 18 20. Nov 18 -5,952 ₹81.52 ₹-485,208
20. Nov 18 Sell M. V. Usha Individual 19. Nov 18 20. Nov 18 -15,265 ₹81.75 ₹-1,247,047
19. Nov 18 Sell G. Mani Individual 16. Nov 18 16. Nov 18 -5,000 ₹82.81 ₹-414,060
16. Nov 18 Sell G. Mani Individual 15. Nov 18 15. Nov 18 -5,000 ₹81.91 ₹-409,565
13. Nov 18 Sell G. Mani Individual 12. Nov 18 12. Nov 18 -5,000 ₹81.81 ₹-409,066
12. Nov 18 Sell G. Mani Individual 09. Nov 18 09. Nov 18 -20,000 ₹81.55 ₹-1,631,017
09. Nov 18 Sell G. Mani Individual 05. Nov 18 05. Nov 18 -5,000 ₹78.82 ₹-394,082
01. Nov 18 Sell G. Mani Individual 30. Oct 18 31. Oct 18 -20,000 ₹79.82 ₹-1,581,656
29. Sep 18 Buy T. Prasad Individual 28. Sep 18 28. Sep 18 2,000 ₹79.16 ₹158,317
24. Sep 18 Buy T. Prasad Individual 21. Sep 18 21. Sep 18 2,500 ₹84.66 ₹211,652
07. Sep 18 Buy T. Prasad Individual 06. Sep 18 06. Sep 18 5,000 ₹92.40 ₹461,985
01. Sep 18 Sell M. Shruthi Individual 29. Aug 18 29. Aug 18 -10,000 ₹93.56 ₹-935,564
X
Management checks
We assess Karur Vysya Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Karur Vysya Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is The Karur Vysya Bank Limited (BOM:590003) Expensive For A Reason? A Look At The Intrinsic Value

Pricing 590003, a financial stock, can be difficult since these banks have cash flows that are affected by regulations that are not imposed upon other sectors. … Banks, for example, must hold certain levels of tiered capital in order to maintain a safe cash cushion.

Simply Wall St -

April Financial Dividend Stocks To Look Out For

The Karur Vysya Bank Limited (BSE:590003) 590003 has a sizeable dividend yield of 2.45% and their current payout ratio is 31.34%. … BSE:590003 Historical Dividend Yield Apr 19th 18 Reliance Capital Limited (BSE:500111) 500111 has a solid dividend yield of 2.41% and their payout ratio stands at 20.47%. … BSE:500111 Historical Dividend Yield Apr 19th 18 Muthoot Finance Limited (BSE:533398) 533398 has a nice dividend yield of 2.33% and their payout ratio stands at 19.96% , with analysts expecting the payout ratio in three years to be 21.24%.

Simply Wall St -

Karur Vysya Bank And Other Top Financial Dividend Stocks

The Karur Vysya Bank Limited (BSE:590003) 590003 has a solid dividend yield of 2.55% and the company has a payout ratio of 31.34%. … BSE:590003 Historical Dividend Yield Mar 15th 18 Reliance Capital Limited (BSE:500111) 500111 has a nice dividend yield of 2.35% and the company has a payout ratio of 20.47%. … NSEI:PFC Historical Dividend Yield Mar 15th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

Company Info

Description

The Karur Vysya Bank Limited provides various banking and financial services for personal and corporate customers in India. It operates through Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings and current accounts, non-resident external savings and current accounts, non-resident ordinary accounts, and fixed deposits; personal, home, vehicle, business, educational, and mortgage loans to individuals or proprietorship firms, as well as loans for working professionals; and micro, small, and medium enterprises loans. It also provides working capital finance and short term credit for agriculturists in rural, semi-urban, and urban areas; and working capital finances, term loans, trade finances, and foreign exchange services for traders/corporates. In addition, the company offers general insurance products, such as business, burglary, money, directors and officers liability, fidelity guarantee, workmen's compensation, product liability, marine, critical illness, personal accident, health, travel, household, motor vehicles dealer, shop keepers package, car and two-wheeler, and fire and other risks insurance services; and life insurance services. Further, it provides debit, gift, travel, and credit cards; mutual fund investments; locker facilities; remittance services; and Internet and mobile banking, utility bill payment, rail/air ticket booking, and online and offline share trading services. As of March 31, 2018, it operated a network of 790 branches and 1795 ATMs. The company was founded in 1916 and is based in Karur, India.

Details
Name: The Karur Vysya Bank Limited
590003
Exchange: BSE
Founded: 1916
₹59,697,153,918
799,158,687
Website: http://www.kvb.co.in
Address: The Karur Vysya Bank Limited
Erode Road,
Post Box No. 21,
Karur,
Tamil Nadu, 639002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI KARURVYSYA Equity Shares National Stock Exchange of India IN INR 26. Jul 2000
BSE 590003 Equity Shares Mumbai Stock Exchange IN INR 26. Jul 2000
Number of employees
Current staff
Staff numbers
7,956
Karur Vysya Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:42
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.