Due to a 100-year Karnataka Bank opened in the field, Karnataka Bank opened its doors in 1924 as examples of two spectacular events: its establishment in that year and the beginning of its operations in March of the same year. The bank currently serves more than 11 million customers in India, which is home to 915 branches and 1118 ATMs that are operated by the bank. In addition to treasury and foreign exchange, Karnataka Bank provides a wide range of banking and financial services, including retail, corporate banking, para-banking, and other functions.
Karnataka Bank Share Price Target 2024-2030
The Karnataka Bank has been in the industry for a century, having been established in 1924 and beginning operations in 1924. With over 11 million customers, Karnataka Bank has established 915 branches in India and 1118 ATMs across the nation. In its most recent a half year of exchanging, the offer cost of Karnataka Bank has not been a fantastic worth of speculation for financial backers. Its stock has never been a monstrous supplier of profit from interest in the beyond five years too.
Karnataka Bank Share Price Target Today Update
The Karnataka Bank annual financial report for the fiscal year 2023 indicates that the financial institution has a robust and optimistic outlook. The bank has recently received approval to complete its goal of raising Rs 1500 crore in capital. We will discuss Karnataka Bank’s share price target for 2025 and beyond in this article. In addition, we will discuss the various factors that influence the Karnataka Bank Share Price Target for 2025 and in the years to come, as well as the Karnataka Bank Share Price Prediction for the coming years.
Karnataka Bank Latest News
- The KTKBANK NSE Stock has only increased by 0.55 points since the stock’s previous closing on Thursday, March 21st, 2024, so Karnataka Bank Share Price Today has not experienced many fluctuations in the stock market.
- Karnataka Bank Offer Cost has flopped to remain on a positive direction over its beyond 30 days of exchanging on the Public Stock Trade (NSE), going down from Rs 241 for every offer to Rs 231 for each in the middle between.
- The bank is looking into the possibility of raising capital of Rs 600 crore through QIP, moving the goal of Karnataka Bank to raise more than Rs 1500 crore.
- This Qualified Institutional Placement has a floor price of Rs 231.45 per share. In my view, the board endorsed these moves toward be taken to send an uplifting perspective to its financial backers and accomplices.
- In the early days of the first week of March 2024. To commemorate its centennial, Karnataka Bank opened 15 brand-new locations.
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About Karnataka Bank Limited
The leading private sector bank in India is Karnataka Bank Limited, which was founded in 1924 and has its headquarters in Mangaluru, Karnataka. The bank offers a great many banking and monetary administrations, including retail banking, corporate banking, and depository tasks. It has established a substantial customer base and established a number of branches across India over time. Karnataka Bank Limited stands firm on areas of strength for an in the Indian financial area, especially inside the confidential area. In terms of assets, branch network, and market capitalization, it is deemed a mid-sized bank.
Karnataka Bank Business Profile
The bank operates 1448 cash recycling machines and 877 branches in 22 states and 2 Union Territories. It has 556 branches in Karnataka State and 79% of its branches in South India. Corporate Banking, Treasury, Retail Banking, and Other Banking Operations are the four divisions. It offers digital solutions, personal, business, agricultural, and NRI Priority Banking products, as well as payments.
Loan Book
Loans to msme account for about 29% of the total advances, followed by housing (19%), nbfcs (15%), agriculture (13%), large enterprises (9%), personal loans (7%) and others. Retail advances account for 48% of the total loan book, while corporate advances account for the remaining 52%. In the monetary year 2023 (FY23), the Bank will concentrate on growing a solid credit book zeroing in on retail and mid-corporate fragments as it tries to get to the next level.
Association with Insurance Companies
Together with PNB Metlife, Life Insurance Corporation, and Bharti AXA Life Insurance, the bank offers products for life insurance. The bank procured expense income of about ₹37 crores in FY22 (₹33 crores in FY21) from its extra security adventure. To provide its customers with health and non-life insurance products, the Bank has partnered with Universal Sompo General Insurance Co. Ltd. and Bajaj Allianz General Insurance Company Limited.
Karnataka Bank Fundamentals & Quarterly Results
| Terms | Value |
| Market Cap | ₹ 8,253 Cr. |
| Current Price | ₹ 219 |
| High / Low | ₹ 287 / 150 |
| Stock P/E | 6.35 |
| Book Value | ₹ 263 |
| Dividend Yield | 2.29% |
| ROCE | 6.76% |
| ROE | 15.9% |
| Face Value | ₹ 10.0 |
| Debt to equity | 10.8 |
| Debt Capacity | -6.83 |
| Debt preceding year | ₹ 88,931 Cr. |
| Debt | ₹ 88,931 Cr. |
| Reserves | ₹ 7,901 Cr. |
| EPS | ₹ 34.6 |
| EPS last year | ₹ 34.6 |
| Pledged percentage | 0.00% |
| FCF Prev Ann | ₹ 1,743 Cr. |
| EVEBITDA | 13.9 |
| Industry PE | 13.1 |
| PEG Ratio | 0.28 |
| Piotroski score | 4.00 |
| Earnings yield | 7.21% |
| Sales growth 5 Years | 7.04% |
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Karnataka Bank Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Revenue | 1,565 | 1,579 | 1,629 | 1,771 | 1,851 | 1,969 | 1,959 | 2,027 | 2,113 | 2,201 |
| Interest | 942 | 922 | 942 | 968 | 1,016 | 1,109 | 1,144 | 1,204 | 1,285 | 1,367 |
| Expenses | 601 | 629 | 770 | 471 | 672 | 823 | 689 | 670 | 758 | 938 |
| Financing Profit | 21 | 27 | -83 | 332 | 162 | 37 | 126 | 153 | 70 | -104 |
| Financing Margin % | 1% | 2% | -5% | 19% | 9% | 2% | 6% | 8% | 3% | -5% |
| Other Income | 196 | 257 | 133 | 260 | 205 | 395 | 324 | 250 | 326 | 419 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 218 | 284 | 50 | 592 | 367 | 432 | 450 | 402 | 396 | 315 |
| Tax % | 33% | 54% | -129% | 30% | 18% | 18% | 18% | 18% | 16% | 13% |
| Net Profit | 147 | 130 | 114 | 412 | 301 | 354 | 371 | 330 | 331 | 274 |
| EPS (in Rs) | 4.71 | 4.19 | 3.67 | 13.22 | 9.64 | 11.33 | 11.87 | 10.56 | 9.55 | 7.27 |
| Gross NPA % | 4.11% | 3.90% | 4.03% | 3.36% | 3.28% | 3.74% | 3.68% | 3.47% | 3.64% | 3.53% |
| Net NPA % | 2.45% | 2.42% | 2.16% | 1.72% | 1.66% | 1.70% | 1.43% | 1.36% | 1.55% | 1.58% |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM | |
| Compounded Sales Growth (%) | 7% | 7% | 10% | 15% |
| Compounded Profit Growth (%) | 15% | 22% | 39% | 11% |
| Stock Price CAGR (%) | 8% | 18% | 51% | 45% |
| Return on Equity (%) | 11% | 11% | 13% | 16% |
Karnataka Bank Shareholding Pattern
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| FIIs + | 19.20% | 14.74% | 14.57% | 12.80% | 9.40% | 11.92% | 20.30% | 18.86% |
| DIIs + | 11.56% | 12.79% | 15.96% | 10.65% | 5.85% | 5.34% | 5.74% | 23.06% |
| Public + | 69.24% | 72.47% | 69.47% | 76.55% | 84.75% | 82.74% | 73.95% | 58.08% |
| No. of Shareholders | 1,46,282 | 1,84,838 | 1,79,206 | 1,98,891 | 2,25,478 | 2,32,106 | 2,35,104 | 3,00,872 |
Karnataka Bank Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹282.89 | ₹343.94 | ₹380.57 |
| 2025 | ₹388 | ₹365 | ₹436 |
| 2026 | ₹445 | ₹419 | ₹500 |
| 2027 | ₹510 | ₹479 | ₹572 |
| 2028 | ₹583 | ₹548 | ₹655 |
| 2029 | ₹668 | ₹628 | ₹749 |
| 2030 | ₹764 | ₹718 | ₹857 |
Karnataka Bank Share Price Target 2025
| Month | Target |
| January | ₹388 |
| February | ₹396 |
| March | ₹404 |
| April | ₹391 |
| May | ₹378 |
| June | ₹365 |
| July | ₹380 |
| August | ₹395 |
| September | ₹411 |
| October | ₹419 |
| November | ₹427 |
| December | ₹436 |
Karnataka Bank Share Price Target 2026
| Month | Target |
| January | ₹445 |
| February | ₹454 |
| March | ₹463 |
| April | ₹448 |
| May | ₹433 |
| June | ₹419 |
| July | ₹436 |
| August | ₹453 |
| September | ₹471 |
| October | ₹480 |
| November | ₹490 |
| December | ₹500 |
Karnataka Bank Share Price Target 2027
| Month | Target |
| January | ₹510 |
| February | ₹520 |
| March | ₹530 |
| April | ₹512 |
| May | ₹495 |
| June | ₹479 |
| July | ₹498 |
| August | ₹518 |
| September | ₹539 |
| October | ₹550 |
| November | ₹561 |
| December | ₹572 |
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Karnataka Bank Share Price Target 2028
| Month | Target |
| January | ₹583 |
| February | ₹595 |
| March | ₹607 |
| April | ₹587 |
| May | ₹567 |
| June | ₹548 |
| July | ₹570 |
| August | ₹593 |
| September | ₹617 |
| October | ₹629 |
| November | ₹642 |
| December | ₹655 |
Karnataka Bank Share Price Target 2029
| Month | Target |
| January | ₹668 |
| February | ₹681 |
| March | ₹695 |
| April | ₹672 |
| May | ₹650 |
| June | ₹628 |
| July | ₹653 |
| August | ₹679 |
| September | ₹706 |
| October | ₹720 |
| November | ₹734 |
| December | ₹749 |
Karnataka Bank Share Price Target 2030
| Month | Target |
| January | ₹764 |
| February | ₹779 |
| March | ₹795 |
| April | ₹769 |
| May | ₹743 |
| June | ₹718 |
| July | ₹747 |
| August | ₹777 |
| September | ₹808 |
| October | ₹824 |
| November | ₹840 |
| December | ₹857 |
Points Before Investing in Karnataka Bank Stock
- Karnataka Bank is an emerging player in the banking industry and one of the most reputable institutions. Karnataka Bank was established in 1924, making it one of India’s oldest banks.
- Karnataka Bank Net Revenue Pay in the monetary year 2024, Quarter third, ‘ dropped by 0.86% to Rs 827.60 crores.
- This indicates that the banking institution’s operational effectiveness is lower. The operating profit of Karnataka Bank in Q3FY24 is Rs 540.20 crores, a mere 1.57 percent increase from the previous year’s Rs 531.87 crores in the same period.
Final Words
The Karnataka Bank Share Price History, the KTKBANK NSE Stock has fluctuated significantly over time. The Karnataka Bank Share Price has moved from Rs 252 per share to Rs 210 per share over the past six months on the National Stock Exchange. However, over the course of the past year, from March 22nd, 2023 to March 22nd, 2024, the Karnataka Bank Share Price has managed to generate an overall return on investment of 69.79 percent.
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