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 119755.069 Cr. revenue in the latest financial year. Canara Bank has posted outstanding revenue growth of 19.9377778872044% in last 3 Years.
-
In terms of advances, Canara Bank reported 12.6171% YOY, rise . If you see 3 years advance growth, it stands at 14.245096478874%.
-
Currently, Canara Bank has a CASA ratio of 28.4889%. It’s overall cost of liability stands at 5.3463 %. Also, the total deposits from these accounts stood at Rs 1456883.1765 Cr.
-
Canara Bank has a average ROA track record. The ROA of Canara Bank is at 1.0728%.
-
The Lender is efficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA of Canara Bank stood at 2.94% and 0.7% 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 negative at -9.72449526753666% which means it has decreased 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 22452.8027 Cr.
-
Canara Bank has a Good Capital Adequacy Ratio of 16.33 .
-
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Canara Bank is trading at a P/B of 1.0477 . The historical average PB was 0.842169873973128.
One can find all the Financial Ratios of Canara Bank in Ticker for free. Also, one can get the intrinsic value of Canara Bank by using Valuation Calculators, which are available with a Finology ONE subscription.
Canara Bank FAQs
Q1. What is Canara Bank share price today?
Ans: The current share price of Canara Bank is Rs 113.23.
Q2. What is the market capitalisation of Canara Bank?
Ans: Canara Bank has a market capitalisation of Rs 102706.98421698 Cr., calculated based on its latest share price.
Q3. What are the P/E and P/B ratios of Canara Bank?
Ans: The PE ratio of Canara Bank is 5.74634478068684 and the P/B ratio of Canara Bank is 1.0479776243866, showing how the stock is valued against its earnings and book value.
Q4. What is the 52-week high and low of Canara Bank share?
Ans: The 52-week high share price of Canara Bank is Rs 119.3, and the 52-week low share price of Canara Bank is Rs 78.6.
Q5. Does Canara Bank pay dividends?
Ans: Currently, Canara Bank pays dividends. Dividend yield of Canara Bank is around 3.5336%.
Q6. What are the face value and book value of Canara Bank shares?
Ans: The face value of Canara Bank shares is Rs 2, while the book value per share of Canara Bank is around Rs 108.0462. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.
Q7. What are the ROE and ROCE of Canara Bank?
Ans: The ROE of Canara Bank is 19.8793% and ROCE of Canara Bank is 17.7188%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.
Q8. Is Canara Bank a good buy for the long term?
Ans: The Canara Bank long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.
Q9. Is Canara Bank undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Canara Bank appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.
Q10. How to check Canara Bank’s financials?
Ans: You can review Canara Bank’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.