Canara Bank

Canara Bank

NSE: CANBK BSE: 532483 SECTOR: Bank - Public  98k   764   196

185.90
+4.05 (2.23%)
NSE: 24 Jun 03:59 PM

Price Summary

Today's High

₹ 186.65

Today's Low

₹ 183.4

52 Week High

₹ 272.8

52 Week Low

₹ 142.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 33724.68 Cr.

CASA %

32.73

No. of Shares

181.41 Cr.

P/E

5.94

P/B

0.59

Face Value

₹ 10

Div. Yield

3.5 %

Book Value (TTM)

₹  317.54

Net Interest Income

₹ 24062.16 Cr.

Cost To Income %

46.16

Promoter Holding

62.93 %

EPS (TTM)

₹  31.3

CAR %

13.18

ROE

6.12 %

ROCE

7.11%

Profit Growth

214.4 %

Add Your Ratio

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

Please login to Add & View your own added ratios.

Login

Index Presence

The company is present in 27 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
26449.05
  369.099999999999 (1.41526344950813%)

NIFTY500

Nifty 500
13322.5
  143.700000000001 (1.09038759219353%)

NIFTYMIDCAP150

Nifty Midcap 150
9980.8
  135.75 (1.37886552125179%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
9282.25
  136 (1.48694820281536%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
8659.85
  100.65 (1.17592765679035%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
8608
  107.549999999999 (1.26522713503401%)

NIFTY200

Nifty 200
8258.6
  84.7000000000007 (1.03622505780596%)

NIFTYTOTALMCAP

Nifty Total Market index
7409.25
  81.25 (1.10876091703056%)

MIDCAP50

Nifty Midcap 50
7314.4
  101.45 (1.40649803478465%)

NIFTYPSUBANK

Nifty PSU Bank
2460.4
  47.8000000000002 (1.98126502528393%)

NIFTY500VAL50

NIFTY500 Value 50
5358.14
  -72.25 (-1.33047534339155%)

NIFTYHIGHBETA

Nifty High Beta 50
1691.64
  -8.4699999999998 (-0.498203057449209%)

NIFTYFULLMIDCAP100

NIFTY FULL MIDCAP 100
5987.56
  -42.7999999999993 (-0.709742038617911%)

MIDCAP

S&P Bse Mid Cap
21803.16
  328.34 (1.52895344408008%)

BSE500

S&P Bse 500
21223.98
  225.43 (1.07355031656948%)

BSEPSU

S&P Bse PSU
7856.69
  70.9899999999998 (0.911799838164828%)

MID150

S&P Bse 150 MidCap
7657.04
  107.5 (1.42392781546956%)

FIN

S&P Bse Finance
7225.03
  99.6700000000001 (1.39880651644269%)

BSE200

S&P Bse 200
6782.42
  68.8699999999999 (1.02583580966851%)

LMI250

S&P Bse 250 LargeMidCap
6412.51
  65.6999999999998 (1.03516569741335%)

ALLCAP

S&P Bse Allcap
6091.96
  66.8599999999997 (1.10969112545849%)

MSL400

S&P Bse 400 MidSmallCap
5769.69
  84.3399999999992 (1.48346188009532%)

SPBSQIP

S&P Bse Quality
1000.58
  10.21 (1.03092783505154%)

SPBSMOIP

S&P Bse Momentum
994.69
  12.4100000000001 (1.26338722156616%)

SPBSEVIP

S&P Bse Enhanced Value
363.63
  4.11000000000001 (1.1431909212283%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
6376.2
  64.8699999999999 (1.02783406983948%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
6186.51
  95.3800000000001 (1.56588350601612%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

ROE%

1 Year10.5%
3 Year3.16%
5 Year-0.81%

ROA%

1 Year0.48%
3 Year0.14%
5 Year-0.04%

Net NPA%

1 Year2.65%
3 Year3.56%
5 Year4.71%

 NIM

1 Year2.26%
3 Year2.14%
5 Year2.16%

CAR %

13.18

Cost of Liabilities %

4.25859234670777

PEG Ratio

0.03

Advances Growth %

10.1013911615687

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 62.93 0
Dec 2021 62.93 0
Sep 2021 62.93 0
Jun 2021 69.33 0
Mar 2021 69.33 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has delivered good Profit growth of 37.6079974450178% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.144764263504079%
  • Company has a low ROE of 3.16145142155364% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 3.56333333333333%.
  • High Cost to income ratio of 49.1472324734576%.
  • Increase in Provision and contingencies of 46.6618659364648% on YoY.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Interest Earned 16337.43 16771.65 17063.69 17700.6 17861.59
Other Income 4703.2 4438.41 4267.8 3611.67 4461.52
Interest Expended 10726.31 10625.04 10789.88 10755.62 10855.72
Operating Expenses 5093.74 4834.36 4937.97 4754.13 5265.45
Total Provisions 3652.18 3728.52 3360.23 2244.84 3708.68
Profit Before Tax 1568.4 2022.14 2243.41 2202.78 2493.26
Tax 557.53 844.67 910.8 700.66 827.04
Net Profit 1010.87 1177.47 1332.61 1502.12 1666.22
Net NPA % 3.82 3.46 3.21 2.86 2.65
Gross NPA % 8.93 8.5 8.42 7.8 7.51
Return on Assets % 0.36 0.41 0.46 0.52 0.57
NPM % 6.19 7.02 7.81 8.49 9.33

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 41252.09 46810.34 48934.99 69280.46 69410.24
Other Income 6942.85 6574.96 7813.15 14924.31 16496.9
Interest Expended 29088.76 32332.22 35811.08 45177.62 43026.26
Operating Expenses 9557.94 10462.21 11577.23 19338.18 19791.91
Total Provisions 16109.1 12918.28 11115.39 15981.74 14127.39
Profit Before Tax -6560.86 -2327.4 -1755.57 3707.23 8961.58
Taxes -2338.62 -2674.42 480.15 1149.65 3283.17
Net Profit -4222.24 347.02 -2235.72 2557.58 5678.41
Adjusted EPS (Rs.) -57.58 4.61 -21.7 15.53 31.3

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 733.24 753.24 1030.23 1646.74 1814.13
Total Reserves 34871.59 35423.99 38262.73 57238.19 64297.18
Deposits 524771.86 599033.27 625351.17 1010874.58 1086409.25
Borrowings 38808.51 40992.29 42761.77 49983.56 46284.96
Other Liabilities 17700.9 18563.89 16468.84 33931.96 28174.15
Total Liabilities 616886.1 694766.69 723874.75 1153675.03 1226979.67
Assets
Balance with RBI 22100.04 29919.02 22570.14 43111.62 51602.91
Balance with Banks 27812.29 36233.67 45701.33 135296.41 130451.39
Investments 144053.67 152985.3 176244.94 261690.39 282012.9
Advances 381702.99 427727.27 432175.2 639048.99 703601.82
Net Block 8318.64 8410.23 8276.29 11204.19 11353.96
Other Assets 32898.47 39491.2 38906.84 63321.09 47954.34
Total Assets 616886.1 694766.69 723874.75 1153675.03 1226979.67
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 69.33 69.33 62.93 62.93 62.93
president of india 69.33 66.30 62.93 62.93 62.93
the president of i... - - - - -
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 30.67 30.67 37.07 37.07 37.07
lic of india 8.11 11.63 8.83 8.83 8.83
life insurance cor... - - - - -
hdfc trustee compa... - 4.58 - - -
reliance capital t... - 1.29 - - -
jhunjhunwala rakes... - - - 1.60 1.96
jhunjhunwala rakes... - - 1.60 - -
smallcap world fun... - - - 1.36 1.49
bnp paribas arbitr... - - - - -
bnp paribas arbitr... - - - 1.06 1.11
nippon life india ... - - - - -
societe generale -... - - - - -
qualified institut... 0.74 - - - -
qualified institut... - - - - -
qib - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Canara Bank gets nod to raise Rs 9000 crore via Debt Instruments in FY2324 Jun 2022, 2:45PM Canara Bank targeting to improve bottom line with focus on digitization20 Jun 2022, 3:11PM Canara Bank informs about credit rating16 Jun 2022, 12:01PM Canara Bank informs about board meeting intimation 15 Jun 2022, 3:47PM Canara Bank informs about 20th AGM13 Jun 2022, 12:40PM Canara Bank informs about interest rates updates6 Jun 2022, 4:40PM Canara Bank informs about newspaper publication20 May 2022, 4:52PM Canara Bank eyes 8-10% growth in advances in FY2317 May 2022, 9:49AM Canara Bank informs about conference call 7 May 2022, 12:31PM Canara Bank informs about investor presentation6 May 2022, 2:48PM Canara Bank informs about press release6 May 2022, 2:46PM Canara Bank informs about dividend updates6 May 2022, 2:40PM Canara Bank reports 85% rise in Q4 consolidated net profit6 May 2022, 2:11PM Canara Bank - Quaterly Results6 May 2022, 12:15PM Canara Bank - Quaterly Results6 May 2022, 12:15PM Canara Bank - Quaterly Results6 May 2022, 12:15PM Canara Bank informs about board meeting26 Apr 2022, 3:57PM Canara Bank executes share purchase agreement to sell entire stake in ISARC7 Apr 2022, 9:28AM Canara Bank informs about disclosures4 Apr 2022, 2:53PM Canara Bank informs about closure of trading window29 Mar 2022, 4:00PM Canara Bank informs about interest payment 28 Mar 2022, 5:12PM Canara Bank informs about strike24 Mar 2022, 12:38PM Canara Bank informs about allotment of bonds4 Mar 2022, 5:12PM Canara Bank raises Rs 1000 crore through Bonds4 Mar 2022, 3:37PM Canara Bank reports over 2-fold jump in Q3 consolidated net profit 28 Jan 2022, 10:50AM Canara Bank informs about disclosure 27 Jan 2022, 5:15PM Canara Bank informs about meetings25 Jan 2022, 12:14PM Canara Bank raises Rs 2500 crore in Basel III-compliant Tier II bonds 27 Dec 2021, 9:24AM Canara Bank launches limited period offer for home loan customers 4 Dec 2021, 12:14PM Canara Bank informs about allotment2 Dec 2021, 4:58PM Canara Bank raises Rs 1500 crore via Bonds 2 Dec 2021, 4:28PM Canara Bank informs about press release30 Nov 2021, 12:55PM Canara Bank informs about cancellation of EGM 29 Nov 2021, 3:58PM Care Ratings upgrades Canara Bank’s bonds rating 25 Nov 2021, 2:44PM Canara Bank informs about credit rating25 Nov 2021, 10:11AM Canara informs about upgradation of ratings 17 Nov 2021, 10:23AM Canara Bank reports above 2- fold jump in Q2 consolidated net profit26 Oct 2021, 4:57PM Canara Bank informs about statement of deviation or variation26 Oct 2021, 4:47PM Canara Bank informs about disclosure of related party transactions26 Oct 2021, 3:50PM Canara Bank informs about outcome for board meeting 26 Oct 2021, 2:46PM Canara Bank informs about press release 26 Oct 2021, 2:16PM Canara Bank raises Rs 1,500 crore26 Oct 2021, 10:28AM Canara Bank informs about details of issue of bonds25 Oct 2021, 4:54PM Canara Bank informs about board meeting11 Oct 2021, 4:04PM Canara Bank raises Rs 2,500 crore through QIP26 Aug 2021, 9:41AM Canara Bank launches QIP to raise up to Rs 2,500 crore18 Aug 2021, 11:24AM Canara Bank reports around 3-fold jump in Q1 consolidated net profit27 Jul 2021, 2:19PM Canara Bank informs about disclosures3 Jun 2021, 2:29PM Canara Bank gets nod to raise Rs 9,000 crore via equity, debt in FY2229 May 2021, 9:17AM Canara Bank unveils three loan schemes 28 May 2021, 12:26PM

Canara Bank Stock Price Analysis and Quick Research Report. Is Canara Bank an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Canara Bank is performing and if it is the right time to buy the stock of Canara Bank with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Canara Bank has earned Rs 69239.7822 Cr. revenue in the latest financial year. It has posted outstanding revenue growth of 18.8417862649777 % in last 3 Years.

  • In terms of advances, the bank reported 47.8680356953231 % YOY,  rise . If you see 3 years advance growth, it stands at 18.7415911176855 %.

  • Currently the company has a CASA ratio of 32.7342027649144 %. It’s overall cost of liability stands at 4.25859234670777 %. Also, the total deposits from these accounts stood at Rs 1010874.5827 Cr.

  • The Bank has a Poor ROA track record. The ROA of Canara Bank is at 0.272437708653196 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 8.93 % and 3.82 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is positive at 46.6618659364648 % which means it has increased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Canara Bank surged and is currently at Rs 15285.2943 Cr.

  • The company has a Good Capital Adequacy Ratio of 13.18 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Canara Bank is trading at a P/B of 0.5856 . The historical average PB was 0.564654781318838.

Brief about Canara Bank

X