NSE: CANBK BSE: 532483 SECTOR: Bank - Public 137k 923 232
₹ 281.9
₹ 276.35
₹ 341.7
₹ 171.75
₹ 50278.62 Cr.
33.95
181.41 Cr.
5.53
0.78
₹ 10
2.34 %
₹ 353.54
₹ 26383.98 Cr.
46.16
62.93 %
₹ 50.14
14.9
10.5 %
11.07%
122.02 %
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The company is present in 30 Indices.
NIFTYMIDCAP
NIFTYALPHA
NFTY200MOM30
NIFTY500
NIFTYMIDCAP150
NIFTYMIDSMALL400
NIFTYLGEMID250
NY500MUL50:25:25
NIFTY200
MIDCAP50
NIFTYTOTALMCAP
NIFTYPSUBANK
NIFTY500VAL50
NIFTYHOUSING
NIFTYHIGHBETA
NIFTYFULLMIDCAP100
MIDCAP
BSE500
BSEPSU
MID150
BSE200
LMI250
ALLCAP
MSL400
SPBSQIP
SPBSMOIP
SPBSEVIP
FIN
S&P LARGEMIDCAP
S&P MIDSMLCAP
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Holding Value: 31642.48372577 Cr.
As of December2022
Holding Value: 1042.017484 Cr.
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 69410.2393 Cr. revenue in the latest financial year. It has posted decent revenue growth of 14.031981991118 % in last 3 Years.
In terms of advances, the bank reported 10.1013911615687 % YOY, rise . If you see 3 years advance growth, it stands at 18.0465609925236 %.
Currently the company has a CASA ratio of 33.9499132769768 %. It’s overall cost of liability stands at 3.79857707010122 %. Also, the total deposits from these accounts stood at Rs 1086409.2541 Cr.
The Bank has a Poor ROA track record. The ROA of Canara Bank is at 0.477046157430471 %.
The Lender is inefficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 7.51 % and 2.65 % 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 -11.6028912299414 % 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 16496.9042 Cr.
The company has a Good Capital Adequacy Ratio of 14.9 .
The best metric which provides insights about bank’s valuation is P/B ratio. Currently Canara Bank is trading at a P/B of 0.7855 . The historical average PB was 0.580164484117822.