Karur Vysya Bank Share Price Target 2026, 2027, 2028, 2029, 2030

Karur Vysya Bank share price today

Karur Vysya Bank (NSE: KARURVYSYA) is a 110-year-old bank from a textile town in Tamil Nadu that currently posts numbers most large banks would frame: gross NPAs of 0.74%, net NPAs of 0.19%, return on assets of 2.1%, return on equity of 19% — while growing profit 45% year-on-year.

The stock has already run 57% in a year, so this is not an undiscovered story. The question this article answers: after the re-rating, at 12 times earnings, is there still a case? (Spoiler: the growth math still works; the free-lunch phase is over.)

The turnaround nobody advertised

Rewind to FY19: ROE of 3%, gross NPAs near 9% in the bad years, a regional bank drifting. Then a new management team (led by an ex-SBI hand from 2020) did the unfashionable things — exited lumpy corporate credit, rebuilt the book around retail, agri and small business (now ~82% of advances), invested in collections, and simply refused bad growth.

The output, quarter by boring quarter:

Metric	Jun 2023	Jun 2026
Gross NPA	1.99%	0.74%
Net NPA	0.59%	0.19%
ROE (annual)	14%	19%

A 0.74% GNPA is not “good for a small bank.” It is better than every large private bank in the country.

The numbers

From Screener.in:

Year	Revenue (₹ Cr)	Net profit (₹ Cr)	EPS (₹)
FY24	8,213	1,605	16.63
FY25	9,678	1,942	20.10
FY26	11,074	2,510	25.97
TTM	11,555	2,745	28.40

Five-year profit CAGR: 47% (flattered by the low base — the honest forward number is nearer the mid-teens). Deposits grew from ₹89,113 Cr to ₹1,15,666 Cr in two years; borrowings are a rounding error at ₹2,623 Cr. This bank funds itself the old-fashioned way.

Quarterly review

Quarter	Net profit (₹ Cr)	EPS (₹)
Sep 2025	574	5.94
Dec 2025	690	7.14
Mar 2026	725	7.50
Jun 2026	756	7.82

Seven straight quarters of sequential profit growth, June up 45% year-on-year — through a rate-cut cycle that is squeezing bigger banks’ margins. Small banks with granular books reprice faster; it shows.

Shareholding — the quirk you should understand

Promoter holding is just 2.07%. That is not a red flag here — KVB is a genuine community-founded bank, owned broadly since 1916; there is no promoter to pledge, exit or feud. Institutions have filled the vacuum: DIIs hold 41.2% (rising every quarter), FIIs 17.9%. The register has quietly institutionalised as the numbers improved.

The flip side of no promoter: no anchor. Governance rests entirely on the board and RBI oversight — which, for what it is worth, is the same structure as HDFC Bank and ICICI.

Valuation

At ₹341: 12× trailing earnings, 2.34× book, PEG 0.39. For a bank printing a 2.1% ROA and 19% ROE, 2.3× book is not expensive — comparable-quality franchises trade at 3×+ — but the stock has already travelled from deep-value to fair-value. From here, returns come from earnings compounding, not re-rating. That is fine; it is also why position entries matter more now.

Karur Vysya Bank share price target 2026 to 2030

EPS base ₹28.40 (TTM). Scenarios: bear 8% growth at 9× (margin squeeze, growth normalises hard), base 14% at 13× (mid-teens loan growth, quality holds), bull 18% at 16× (the ROA premium earns big-bank multiples).

Year	Bear (9×, 8%)	Base (13×, 14%)	Bull (16×, 18%)
2026	₹330	₹385	₹440
2027	₹335	₹435	₹520
2028	₹340	₹495	₹620
2029	₹345	₹555	₹740
2030	₹350	₹625	₹880

The bear column is essentially flat from today — a de-rating back to 9× would consume most of the earnings growth. The base case returns roughly +83% by 2030 on assumptions (14% growth) well below the current 45% print. The margin of safety now lives in the asset quality, not the multiple.

Reasons to own Karur Vysya Bank

1. The cleanest loan book in Indian banking: GNPA 0.74%, NNPA 0.19%.
2. ROA 2.1% / ROE 19% — profitability that matches or beats every large private bank.
3. 45% profit growth now; a defensible mid-teens path forward.
4. Deposit-funded, borrowings near zero, 104 years of surviving every cycle since 1916.
5. PEG 0.39 — growth still costs less here than at any comparable-quality bank.
6. Institutional ownership rising every single quarter — the register is voting.

Risks, honestly: Tamil Nadu concentration (a regional shock hits hard); the low-base growth flattery fades from here; small banks live and die by management quality, and this management team is the moat — succession is the real long-term risk; and no promoter means no white knight if credit costs ever spike.

Should you buy at the current price?

The live buy range below is for members — the exact accumulation zone, updated as our view changes.

FAQ

What is the Karur Vysya Bank share price target for 2030? Base case ≈ ₹625 (13× on 14% EPS growth), bear ≈ ₹350, bull ≈ ₹880. Arithmetic shown above.

Is Karur Vysya Bank’s asset quality really that good? GNPA of 0.74% and net NPA of 0.19% as of June 2026 — lower than HDFC Bank, ICICI and every PSU bank. Three years ago GNPA was ~2%; the cleanup is management-driven and sustained.

Why is promoter holding only 2%? KVB is a community-founded bank (1916) with no promoter family — ownership has always been dispersed. Institutions now hold ~59%.

Has the stock already run too much? It is up 57% in a year and near its 52-week high. The re-rating phase is largely done; from here the case rests on mid-teens earnings compounding at a fair multiple — hence our buy range discipline below.

When are Karur Vysya Bank’s next results? Q2 FY27 lands in mid-October 2026 — track it on our results calendar.

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This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises — credit cycles, rate cycles and market shocks can push prices outside every band shown. Do your own research and consult a registered adviser before acting.