KARURVYSYA
Karur Vysya Bank Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
KARURVYSYA
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹342 today
BEAR
₹183
-46%
-5.2% a year · 7.5x exit
BASE
₹232
-32%
-3.9% a year · 9.3x exit
BULL
₹312
-9%
-2.2% a year · 12.3x exit
Where the market has priced it
6x13x today27x
management named no year; shown one year out
- at 13x its FY26 earnings the stock already trades above the top of its own ten-year range (12x)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹26 (screener) |
|---|---|
| Guided growth | -3.9% a year, said on the call of 24-Jul-2026 · transcript |
| Read across as | lender: book growth, ROA held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 7.45x / 9.31x / 12.28x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 10.54x across 11 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
book growth 1%generic growth 1%
To sum up, our guidance for credit growth of 1% or 2% over the industry growth will continue for the rest of the quarters.
Call 24-Jul-2026 · bridge confidence medium · transcript PDF