Karur Vysya
Bank Ltd closes at ₹36.70 with a Gain of +8.30 % on 26-June-
2020 with formation of a Green Candle on Daily Price
Chart.
About the
Company : Karur Vysya Bank is engaged in providing
a wide range of banking and financial services including commercial banking and
treasury operations.
The Bank has posted Net Interest Income of ₹5990.00 Cr & Net Profit of ₹235.00 Cr in FY2020 and expected to post Net Interest
Income of ₹5547.70 Cr & Net
Profit of ₹363.80 Cr in FY2021 and Net Interest Income of ₹5783.50Cr & Net
Profit of ₹546.40 Cr in FY2022 and Net Interest Income s of ₹6286.80
Cr & Net Profit of ₹736.90 Cr in FY2023.
Valuations : The Company is now Trading at X 0.70 of its
Value. We have valued the company with its expected Financial Year 2020 earnings , which is now almost ~30% Discount to its value & X0.47 of its FY20201 earning with a Discount of ~53%
and X 0.31 of its FY20202 earning with a Discount of ~ 69%. And X0.23 of its FY 2023 earnings
with a Discount of ~77%.
Return on
Equity which is 3.6% in FY2020 is expected to grow to highest level of 9.8% in
FY2023.
The Fare
Value of Equity Per Share is ₹158 for FY2023.
Disclaimer : We are / may going to take exposure
shortly.
The author tracks
economic, behavioural and corporate tends, hoping to gauge good avenues of
return based on Fundamental Valuations of Stocks, a follower of EPV
method. You can reach me/us at |
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