Karur Vysya Bank Ltd (KARURVYSYA) — share price & stock analysis

Market cap

₹29,005 Cr

P/BV

2.05×

ROE

19.3%

vs own 10-yr valuation

96th pctile

Book value / share

₹146

EPS (TTM)

₹25.9

10-yr median P/BV

1.2×

Revenue (FY26)

₹11,074 Cr

Profit after tax (FY26)

₹2,510 Cr

Weinstein stage

Stage 2 (59 weeks)

Data as of

1 July 2026

4 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROE 19% — a genuinely good bank; GNPA 0.8% — clean book; the spread is mid-band vs its own history. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double.

Price and profits are moving together

Since Jun 2016, the stock is up 326% and earnings per share are up 329% — the price has tracked the profits, not run ahead of them.pricettm_eps

The market is paying for delivery, not promises. What you see in earnings is what you get in the price.

Today’s P/BV of 2× means the market is paying up — this is the expensive end of its own 10-year history (96th percentile).pb_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (1.2×).

The price is in a confirmed uptrend — 59 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 59 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹271 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 65 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits have grown in 10 of the last 12 years — this is a compounding machine

Over 12 years, income went from ₹5,116 Cr to ₹11,074 Cr (about 7% a year), and profit from ₹430 Cr to ₹2,510 Cr.revenuenet_profit

Margins widened 19.5 points along the way — growth with improving economics.revenue−interest_expense

The loan book is working — interest income grew 15%

Mar 26 income was ₹2,904 Cr, up 15% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue

The squeeze is easing — the spread bottomed at 42% and is mending

Of every ₹100 of interest the bank earns, ₹53 goes straight out as interest on deposits and borrowings. It keeps ₹47 — up 4 points from a year ago.revenueinterest_expense

The visible arc: squeezed from 48% down to 42% (Jun 25) as deposits repriced faster than loans, and recovering since. The direction matters more than the level now.interest_expense

Bad loans are healing — from a worst of 2.0% (Jun 23) to 0.8%

₹0.8 of every ₹100 lent is currently stuck with borrowers who’ve stopped paying — down from ₹2.0 at the Jun 23 worst. After the money already set aside, the true exposure is 0.2%.gross_npa_pctnet_npa_pct

Falling bad loans still help — less new money needs setting aside — but this year’s profit growth is coming from the lending engine itself (interest income), not from provision releases. The healing cleans the book; the growth is earned.gross_npa_pctrevenue

Profit exploded 41% year on year

Mar 26 profit was ₹725 Cr, up 41% on last year — earnings per share of ₹7.50.net_profiteps

Where the growth comes from matters: this year it is the lending engine — net interest income — doing the lifting, not one-off provision releases. That is the more durable kind.revenue

You are paying near the top of its own range

Today you pay ₹2.05 for every ₹1 of book value, against a long-run median of ₹1.20. It has traded cheaper than this only 96% of the time since 2016.pb_ratio

Institutions sold for years — and have been buying back since

Promoters hold 2.1%, essentially unchanged. Foreign funds own 19.3%, domestic funds 39.3%.promoters_pctfiis_pctdiis_pct

Foreign funds tell the real story: they sold from 17.9% down to 14.8% (Dec 24), and have been buying back since — now 19.3%. A completed round trip like that usually means the doubts got answered.fiis_pct

Worth studying deeper — with eyes open

The numbers lean positive, and the price is roughly fair to the delivery so far.

Best thing in the data: profit rising (₹513 Cr → ₹725 Cr).net_profit

One dissent worth hearing: our valuation cycle lens reads negative — “P/BV at at peak — high risk of contraction. P/BV at 95th percentile of 10Y range. P/BV is +75% vs 10Y median. P/BV change driven by: HEALTHY”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data