Equity Research Coverage on Karnataka Bank

Equity Research Coverage on Karnataka Bank


https://docs.google.com/present/edit?id=0ARhOYCkM_sgOZGNybnZudDdfNzRjc2tqNXJwMg


(NSE: KTKBANK; BSE: 532652; ISIN: INE614B01018; Bloomberg Ticker: KBL:IN)

Prepared on Mar 30th 2012 Quote: Rs. 96

For Full Report Kindly Write To: Century.Partners03@gmail.com

Karnataka Bank Ltd.  (BSE:  532652 )

Sector: Banks - Private Sector

Prepared on: Mar 30th 2012, Quote Rs. 96; 

Current Price: Rs. 96                                              52 Week Range: Rs. 64 - Rs. 133

Shares: 18.83 Crore

Market Capitalization: Rs. 1801Crore; ($360mm)

P/E: 7.1 (Trailing), P/B: 0.74                                   Book Value/Share: Rs. 129;

EPS: Rs. 10.87,                                                      Total Debt/Owners Fund: 11.25

Total Income 5Yr. Growth Rate: 16%,                        EBITD 5Yr. Avg.: 15% 

ROE: 8.5%

Capital Adequacy (%) Basel II Tier 1: 10.48 Tier 2: 1.98                             

Net Interest Margins (NIM): 2.12%

CASA: Rs. 7140 ($1.4B); Total Deposits: Rs. 29785 Cr ($5.9B)

Net NPAs: Rs. 439 Cr Net NPA%: 2.23

Div & Yield: Rs. 3.0 (3.14%);                                   Risk: Low 

Current Ratio: 0.03,                                                Quick Ratio: 23.77

Holdings: Non Promoters Corporate Holdings: 18.9%;  Institutional: 25.26%

Owners Earnings (Free Cash Flow) positive and growing for last 4 years 

Book Value YOY Growing at steady pace

Headquarters: Mangalore, Karnataka, India

Conversions: $1 = Rs. 50; Rs. 1 Crore = $200,000; 1Crore = 10 million, 1 Lakh = 100,000;

Full Report consists of following key Items:


● RECOMMENDATION
● TARGET PRICE
● MARGIN OF SAFETY
● BUSINESS MODEL
● RISK/REWARDS
● CATALYST
● FINANCIAL HIGHLIGHTS AND FEATURES
● ECONOMIC MOATS
● MANAGEMENT EFFECTIVENESS AND CORPORATE GOVERNANCE
● INDIAN ECONOMY GROWTH SCENARIO AND BANKING INDUSTRY OUTLOOK
● VALUATION METHOD
● DCF ANALYSIS SHEET

https://docs.google.com/present/edit?id=0ARhOYCkM_sgOZGNybnZudDdfNzRjc2tqNXJwMg

For Full Report Kindly Write To: Century.Partners03@gmail.com