MarketFriction

Karnataka Bank Ltd

NSE KTKBANK · BSE 532652 · Private Sector Bank
₹321.60 -2.25%
NSE close2026-10-01
52 week range170.26 - 345.90
Market cap₹12,269 Cr.
P/E8.54
Microcap 250 Price band 20% Delivery 64.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,0272,1132,2012,2782,2342,2432,2582,2612,1792,2202,2572,383
Interest1,2041,2851,3671,3751,4011,4501,4781,5061,4511,4281,4141,444
Expenses670758938664674736865757652737717742
Financing Profit15370-10423915957-84-27755126196
Financing Margin %8%3%-5%11%7%3%-4%-0%4%2%6%8%
Other Income250326419279270292428358343302399355
Depreciation000000000000
Profit before tax402396315518429349344356420357525552
Tax %18%16%13%23%22%19%27%18%24%19%22%24%
Net Profit330331274400336284252292319291408419
EPS in Rs10.569.557.2710.618.907.506.687.748.447.6910.7911.08
Gross NPA %3.47%3.64%3.53%3.54%3.21%3.11%3.08%3.46%3.33%3.32%2.78%2.58%
Net NPA %1.36%1.55%1.58%1.66%1.46%1.39%1.31%1.44%1.35%1.31%0.98%0.87%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue4,9925,1855,4245,9066,4756,2326,2227,2208,2999,0148,9189,039
Interest3,6893,6953,5664,0014,4444,0493,7314,0355,0005,7035,7995,738
Expenses1,2751,7822,4522,2452,7062,9022,6772,6502,9832,8542,7572,848
Financing Profit27-292-594-340-676-719-186535316456362453
Financing Margin %1%-6%-11%-6%-10%-12%-3%7%4%5%4%5%
Other Income5438099541,0021,2621,4049549931,3191,2701,4031,400
Depreciation425050546474748672851060
Profit before tax5284683106085226126951,4411,5631,6411,6581,853
Tax %21%3%-5%21%17%21%27%18%16%22%21%
Net Profit4154523264774324835091,1801,3061,2721,3101,437
EPS in Rs13.3514.5510.4715.3513.8915.5216.3537.7934.6333.6734.6538.00
Dividend Payout %23%25%26%21%0%12%24%13%16%15%14%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%7%7%0%
Compounded Profit Growth12%22%4%23%
Stock Price CAGR12%36%9%88%
Return on Equity10%12%12%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital188188283283283311311311312377378378
Reserves3,2013,5024,8605,1285,5035,6606,3316,7847,90110,47111,70712,846
Deposits46,60950,48856,73362,87168,45271,78575,65580,38787,36897,988104,807108,779
Borrowing4381,0518338163,3264,0651,7652,3141,5634,4001,9415,329
Other Liabilities1,4011,2701,3301,2761,4831,4931,5531,7891,9142,8482,1282,024
Total Liabilities51,83756,50064,03970,37479,04683,31385,61591,58499,058116,085120,961129,357
Fixed Assets2923077217627758268388058469159761,051
CWIP0000001132913149
Investments14,03216,25720,22015,44416,18517,54521,63522,04123,32624,30224,53726,739
Other Assets37,51339,93743,09854,16862,08664,94263,14268,72574,85790,85595,434101,558
Total Assets51,83756,50064,03970,37479,04683,31385,61591,58499,058116,085120,961129,357
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity648636-184721-2,231-903,369-4671,830681-3211,100
Cash from Investing Activity-80-58-40-91-68-56-87-56-87-369-161-88
Cash from Financing Activity-291-147453-3032,307-545-885-355-201,582412-1,260
Net Cash Flow2774312293279-6902,396-8791,7231,894-70-248
Free Cash Flow568578-224630-2,299-1463,282-5231,743570-4821,012
CFO/OP27%22%2%35%-55%3%111%-6%47%20%1%25%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %14%12%10%6%9%7%8%7%15%14%11%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs22.67%19.03%18.86%14.72%10.29%11.22%12.88%15.66%14.60%11.69%11.78%13.10%
DIIs8.60%17.69%23.06%22.85%22.05%20.23%18.16%17.01%16.11%15.84%16.16%15.75%
Public68.71%63.26%58.08%62.43%67.67%68.55%68.97%67.33%69.27%72.46%72.04%71.15%
No. of Shareholders2,59,5212,67,6373,00,8723,43,7973,56,7743,74,5883,99,5694,04,4054,10,7904,10,5903,93,8413,74,587

Fundamentals

Market Cap₹ 12,269 Cr.
Current Price₹ 324
Stock P/E8.54
Book Value₹ 350
ROCE6.06 %
ROE10.4 %
Dividend Yield1.54 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)23%
Standalone figures.
Valuation
Market capRs 12,163 Cr
Enterprise valueRs 119,207 Cr
P/E (TTM)8.46x
Price to book0.92x
Price to sales1.35x
EV / EBITDA15.49x
EV / EBIT15.70x
EV / sales13.19x
Price to cash flow11.06x
Earnings yield11.82%
Dividend yield1.55%
P/E, 3-year average6.05x
P/B, 3-year average0.66x
P/E, 5-year average5.03x
P/B, 5-year average0.55x
Profitability
Operating margin (excl. other income)69.08%
Operating margin (incl. other income)84.82%
EBITDA margin85.16%
Pre-tax margin20.50%
Net profit margin15.90%
Net margin, latest quarter17.58%
ROE10.36%
ROCE6.06%
ROA1.05%
ROE, 3-year average11.72%
ROCE, 3-year average6.21%
ROA, 3-year average1.11%
ROE, 5-year average11.60%
ROCE, 5-year average5.92%
ROA, 5-year average1.03%
ROIC (approx.)4.99%
Tax rate20.96%
Other income / net worth10.61%
Growth
Sales growth (latest year)-1.06%
Profit growth (latest year)3.00%
Sales CAGR, 3 years7.29%
Sales CAGR, 5 years7.43%
Profit CAGR, 3 years3.55%
Profit CAGR, 5 years22.12%
Sales growth QoQ5.55%
Profit growth QoQ2.64%
Sales growth YoY (latest quarter)5.37%
Profit growth YoY (latest quarter)43.28%
Per share
EPS (TTM)Rs 38.00
EPS (latest year)Rs 34.65
EPS (latest quarter)Rs 11.08
EPS, 3-year averageRs 34.31
EPS, 5-year averageRs 31.41
Book value per shareRs 349.68
Sales per shareRs 239.01
Cash flow per shareRs 29.09
Free cash flow per shareRs 26.76
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.17
Dividend per share, 5-year averageRs 4.90
Dividends
Dividend payout14.43%
Dividend payout, 3-year average15.06%
Dividend payout, 5-year average16.57%
Efficiency
Asset turnover0.07x
Fixed asset turnover8.48x
Leverage
Total debtRs 114,108 Cr
Cash and bankRs 7,064 Cr
Net debtRs 107,044 Cr
Debt to equity8.63x
Net debt / EBITDA13.91x
Interest coverage1.32x
Owners' fund to total sources10.22%
Debt to assets88.21%
Cash flow
Cash from Operating Activity (latest year)Rs 1,100 Cr
Cash from Investing Activity (latest year)Rs -88 Cr
Cash from Financing Activity (latest year)Rs -1,260 Cr
Net Cash Flow (latest year)Rs -248 Cr
Free cash flow (latest year)Rs 1,012 Cr
FCFE (approx.: FCF + change in debt)Rs 8,372 Cr
Cash from ops / profit, 5 years0.51x
Sales to cash flow8.11x
Statement figures
Net sales (TTM)Rs 9,039 Cr
Net sales (latest year)Rs 8,918 Cr
Sales (latest quarter)Rs 2,383 Cr
Operating profit excl. other income (latest year)Rs 6,161 Cr
Operating profit (latest quarter)Rs 1,641 Cr
Other income (TTM)Rs 1,400 Cr
EBITDA (TTM)Rs 7,698 Cr
PBDT (TTM)Rs 1,960 Cr
Profit before tax (TTM)Rs 1,853 Cr
Tax (latest year)Rs 348 Cr
Net profit (TTM)Rs 1,437 Cr
Net profit (latest year)Rs 1,310 Cr
Net profit (latest quarter)Rs 419 Cr
Depreciation (TTM)Rs 106 Cr
Interest (TTM)Rs 5,738 Cr
Cost of goods sold (latest year)Rs 153 Cr
Total expenditure (latest year)Rs 2,757 Cr
Total income (latest year)Rs 10,321 Cr
Share capitalRs 378 Cr
ReservesRs 12,846 Cr
Shareholders' fundsRs 13,224 Cr
Total assetsRs 129,357 Cr
Net blockRs 1,051 Cr
Capital work in progressRs 9 Cr
InvestmentsRs 26,739 Cr
Other liabilitiesRs 2,024 Cr
Shares outstanding (crore)37.82
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.5 is at the 69th percentile of its own 9.4-year range (median 6.6, low 2.8, high 14.1).
P/B 0.92 is at the 81th percentile (median 0.68).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKTKBANKNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month-2.8%-6.8% +4.0 pts
3 months+22.1%-7.6% +29.7 pts
6 months+44.2%+0.4% +43.8 pts
1 year+86.5%-9.9% +96.4 pts
2 years+33.7%-13.6% +47.3 pts
3 years+29.2%+14.2% +15.0 pts
5 years+366.4%+27.9% +338.5 pts
22 mutual fund schemes hold about ₹1,355 Cr. Over three months 8 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund1.65%586 +10%
Bandhan Small Cap Fund1.34%459 -8%
HSBC Flexi Cap Fund2.06%123 -6%
Axis Multicap Fund0.49%54 +100%
Motilal Oswal Nifty Microcap 250 Index Fund1.32%33 -6%
Quant BFSI Fund3.00%28 +100%
Axis Value Fund0.80%15 +100%
Capitalmind Flexi Cap Fund3.26%15 +100%
Samco Active Momentum Fund1.85%14 -5%
Union Active Momentum Fund2.37%13 +100%
Bandhan Financial Services Fund0.75%8 +100%
JioBlackRock Flexi Cap Fund0.14%4 +100%
Samco Small Cap Fund0.99%2 -2%
Samco Multi Cap Fund0.60%1 -3%
Groww Nifty Total Market Index Fund0.06%0 -2%
Angel One Nifty Total Market Index Fund0.06%0 -2%
Motilal Oswal BSE 1000 Index Fund0.06%0 -2%
Mirae Asset Nifty Total Market Index Fund0.06%0 -2%
Bandhan Nifty Total Market Index Fund0.06%0 -2%
Taurus Banking & Fin Serv Fund0.00%0 -100%
WOC Banking & Financial Services Fund0.00%0 -100%
Samco Special Opportunities Fund0.00%0 -100%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was 38% of net profit over the last 3 years
explainLow interest cover Interest cover 1.3x in 2026
lookProfit leans on other income Other income was 85% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-09-22: The Karnataka Bank Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Revenue ₹2,383 Cr +5.4% vs Jun 2025. Net profit ₹419 Cr +43.5%.
Against our estimate for Jun 2026: sales +6.0%, profit +34.3% beat. Our estimate for Sep 2026: sales Rs 2,237 Cr, profit Rs 360 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Rs 5 Per Share
2025-09-16Dividend - Rs 5 Per Share
2024-09-03Dividend - Rs 5.50 Per Share
2023-08-22Dividend - Rs 5 Per Share
2022-08-18Dividend - Rs 4 Per Share
2021-08-18 Annual General Meeting/Dividend - Rs 1.80 Per Share
2020-03-17 Bonus 1:100.9091
2019-07-29 Annual General Meeting/Dividend - Rs 3.50 Per Share
2018-07-11 Annual General Meeting / Dividend- Rs 3 Per Share
2017-07-06 Annual General Meeting/Dividend - Rs 4/- Per Share
2016-10-24 Rights 1:2 @ Premium Rs 60/- Per Share
2016-07-20 Annual General Meeting/ Dividend - Rs 5/- Per Share
2015-07-08Annual General Meeting/Dividend - Rs 5/- Per Share
2014-07-10Annual General Meeting / Dividend - Rs 4/- Per Share
2013-06-26Annual General Meeting/Dividend Rs.4/- Per Share
2012-08-09Annual General Meeting/ Dividend Rs 3.5 Per Share
2011-07-08Annual General Meeting And Dividend Rs.3/- Per Share
2011-02-25Rights 2:5 @ Premium Rs 75 Per Share
2010-07-15Annual General Meeting And Dividend Rs.4/- Per Share
2009-07-23Agm/Div-Rs.6/- Per Share
2008-07-03Agm/Dividend-50%
2007-06-22Agm/Dividend-35%
2006-06-29Agm/Dividend-30%
DateTypeWhat it says
2026-10-01General UpdatesProvisional Key Business Parameters as on 30.09.2026
2026-09-24Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-09-23Press ReleaseA press release titled- Karnataka Bank s 102nd AGM: Shareholders approve all seven resolutions
2026-09-22General UpdatesScrutinizers Report and declaration of results of the E-Voting conducted through remote E-Voting in the 102nd Annual General Meeting of the Bank
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-22Director changeChange in Director(s) of the company.
2026-09-22Change in AuditorsChange in Auditors of the company.
2026-09-22Shareholder meetingVoting results.
2026-09-19Change in ManagementChange in Senior Management of the Bank
2026-09-11Concall / analyst meetAbout
2026-09-10Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-09-08General UpdatesAllotment of equity shares pursuant to exercise of vested stock options under the Karnataka Bank Employees Stock Option Scheme, 2023
2026-09-03Change in ManagementChange in Senior Management of the Bank
2026-09-03Concall / analyst meetScheduling of meeting with Analysts / Institutional Investors
2026-09-03Concall / analyst meetScheduling of meeting with Analysts / Institutional Investors
2026-08-31General UpdatesDisclosure in terms of Regulation 36 (1) (b) of the SEBI LODR Regulations, 2015
2026-08-31General UpdatesBusiness Responsibility and Sustainability Report of the Bank for the FY 2025-26
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-29Record DateRecord date for the purpose of Dividend is 15-Sep-2026.
2026-08-29General UpdatesFixation of Record Date for payment of Dividend
2026-08-29General UpdatesScheduling of 102nd Annual General Meeting of the Bank
2026-08-28General UpdatesAllotment of Equity Shares pursuant to exercise of vested Stock Options under the KBL Employees Stock Option Scheme 2018
2026-08-28Press ReleaseA press release dated August 28, 2026, titled "Karnataka Bank Launches Capital Gains Accounts Scheme to Facilitate Efficient Tax Planning".
2026-08-19Press ReleaseA press release dated August 19, 2026, titled "Karnataka Bank empaneled as Arranger for HUDCO Capital Gain Bonds".
2026-08-18Trading Plan under PITTrading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-294,500
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-12-01NCLTThe Karnataka Bank Limited Vs Ecotech Enterprise Pvt. Ltd.
2019-08-01NCLATKarnataka Bank Ltd. VS Anuj Jain, Resolution Professional for Jaypee Infratech Ltd.
2019-07-09NCLATKarnataka Bank Ltd. VS Anuj Jain (Resolution Professional for Jaypee Infratech Ltd.)
2019-05-14NCLATKarnataka Bank Ltd. VS Anuj Jain (Resolution Professional for Jaypee Infratech Ltd.)
2019-02-28NCLATKarnataka Bank Ltd. VS Anuj Jain (Resolution Professional for Jaypee Infratech Ltd.)
2019-01-30NCLATKarnataka Bank Ltd. VS Anuj Jain (Resolution Professional for Jaypee Infratech Ltd.)
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Karnataka Bank Ltd?

Karnataka Bank Ltd (KTKBANK) has a market capitalisation of Rs 12,269 Cr. at the 2026-10-01 close.

What is the P/E ratio of Karnataka Bank Ltd?

Karnataka Bank Ltd trades at a P/E of 8.54 on trailing twelve-month profit, at the 2026-10-01 close.

What were Karnataka Bank Ltd's latest quarterly results?

In the Jun 2026 quarter, Karnataka Bank Ltd revenue was Rs 2,383 Cr (+5.4% vs Jun 2025) and net profit was Rs 419 Cr.

What is the 52-week high and low of Karnataka Bank Ltd?

The 52-week high is Rs 345.90 and the 52-week low is Rs 170.26.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03