Canara Bank

Canara Bank

NSE: CANBK BSE: 532483 SECTOR: Bank - Public  120k   856   220

314.70
-7.05 (-2.19%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 323.7

Today's Low

₹ 312.7

52 Week High

₹ 333.95

52 Week Low

₹ 171.75

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 57090.68 Cr.

CASA %

33.95

No. of Shares

181.41 Cr.

P/E

7.4

P/B

0.92

Face Value

₹ 10

Div. Yield

2.05 %

Book Value (TTM)

₹  341.93

Net Interest Income

₹ 26383.98 Cr.

Cost To Income %

46.16

Promoter Holding

62.93 %

EPS (TTM)

₹  42.53

CAR %

14.9

ROE

10.5 %

ROCE

11.07%

Profit Growth

122.02 %

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

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Index Presence

The company is present in 29 Indices.

NIFTYMIDCAP

NIFTY Midcap 100
32037.9
  360.600000000002 (1.13835459461509%)

NIFTYALPHA

Nifty Alpha 50
30688.1
  310.099999999999 (1.02080452959379%)

NIFTY500

Nifty 500
15946.15
  133.699999999999 (0.845536270470415%)

NIFTYMIDCAP150

Nifty Midcap 150
12093.5
  110.4 (0.921297493970674%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
11220.05
  87.2999999999993 (0.784172823426377%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10415.9
  91.8999999999996 (0.890158853157685%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10330.2
  80.8000000000011 (0.788338829590041%)

NIFTY200

Nifty 200
9876.55
  87.5499999999993 (0.894371233016633%)

NIFTYTOTALMCAP

Nifty Total Market index
8877
  74.5 (0.846350468616874%)

MIDCAP50

Nifty Midcap 50
8855.6
  91.25 (1.04114965741897%)

NIFTYPSUBANK

Nifty PSU Bank
4000.75
  -54.6999999999998 (-1.34880222909911%)

NIFTY500VAL50

NIFTY500 Value 50
6905.1
  8.13000000000011 (0.117877850708359%)

NIFTYFULLMIDCAP100

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

NIFTYHOUSING

Nifty Housing Index
8309.9
  3.61999999999898 (0.0435814829261583%)

NIFTYHIGHBETA

Nifty High Beta 50
2264.24
  -2.44000000000005 (-0.107646425609265%)

MIDCAP

S&P Bse Mid Cap
25950.89
  271.16 (1.05593010518412%)

BSE500

S&P Bse 500
25406.76
  215.489999999998 (0.855415387949865%)

BSEPSU

S&P Bse PSU
10021.1
  13.4600000000009 (0.134497244105503%)

MID150

S&P Bse 150 MidCap
9162.23
  86.7199999999993 (0.955538586812188%)

BSE200

S&P Bse 200
8117.4
  71.8299999999999 (0.892789448106224%)

LMI250

S&P Bse 250 LargeMidCap
7666.93
  66.5799999999999 (0.876012288907746%)

ALLCAP

S&P Bse Allcap
7293.89
  61.8600000000006 (0.855361496011509%)

MSL400

S&P Bse 400 MidSmallCap
6943.23
  57.5899999999992 (0.836378317774367%)

SPBSMOIP

S&P Bse Momentum
1278.5
  17.0999999999999 (1.35563659426035%)

SPBSQIP

S&P Bse Quality
1223.88
  9.93000000000006 (0.81799085629557%)

SPBSEVIP

S&P Bse Enhanced Value
474.51
  3.21999999999997 (0.683231131575024%)

FIN

S&P Bse Finance
8996.01
  7.60000000000036 (0.0845533303442947%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7556.55
  16.6800000000003 (0.221223973357643%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
7348.64
  -24.9799999999996 (-0.338775255573243%)

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 %

14.9

Cost of Liabilities %

3.79857707010122

PEG Ratio

0.07

Advances Growth %

10.1013911615687

Share Holding Pattern

Promoter Pledging %

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

 Strengths

  • Other Income is 23.7672487033192% of total income.
  • The company has delivered good Profit growth of 153.878630849538% 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 46.155547844634%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Interest Earned 17063.69 17700.6 17861.59 18176.64 20106.92
Other Income 4267.8 3611.67 4461.52 5175.32 4825.27
Interest Expended 10789.88 10755.62 10855.72 11391.91 12673.1
Operating Expenses 4937.97 4754.13 5265.45 5353.82 5353.61
Total Provisions 3360.23 2244.84 3708.68 3690.05 3636.81
Profit Before Tax 2243.41 2202.78 2493.26 2916.18 3268.67
Tax 910.8 700.66 827.04 894.15 743.2
Net Profit 1332.61 1502.12 1666.22 2022.03 2525.47
Net NPA % 3.21 2.86 2.65 2.48 2.19
Gross NPA % 8.42 7.8 7.51 6.98 6.37
Return on Assets % 0.46 0.52 0.57 0.65 0.79
NPM % 7.81 8.49 9.33 11.12 12.56

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 Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 62.93 62.93 62.93 62.93 62.93
president of india 62.93 62.93 62.93 62.93 62.93
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 37.07 37.07 37.07 37.07 37.07
lic of india 8.83 8.83 8.83 8.83 8.83
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Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Canara Bank informs about disclosure21 Oct 2022, 3:35PM Canara Bank informs about press release 20 Oct 2022, 5:18PM Canara Bank informs about outcome of board meeting 20 Oct 2022, 4:32PM Canara Bank reports over 2-fold jump in Q2 consolidated net profit 20 Oct 2022, 3:08PM Canara Bank - Quaterly Results20 Oct 2022, 11:48AM Canara Bank - Quaterly Results20 Oct 2022, 11:48AM Canara Bank - Quaterly Results20 Oct 2022, 11:48AM Canara Bank informs about credit rating6 Oct 2022, 10:41AM Canara Bank raises Rs 2000 crore through bonds27 Aug 2022, 1:10PM Canara Bank reports 88% rise in Q1 consolidated net profit 25 Jul 2022, 2:22PM Canara Bank - Quaterly Results25 Jul 2022, 12:47PM Canara Bank - Quaterly Results25 Jul 2022, 12:47PM Canara Bank - Quaterly Results25 Jul 2022, 12:47PM Canara Bank raises Rs 2000 crore through bonds 19 Jul 2022, 5:54PM Canara Bank informs about allotment of bonds19 Jul 2022, 4:54PM Canara Bank enters into agreement with Tata AIA Life Insurance, Shriram General Insurance9 Jul 2022, 9:57AM 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 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 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 0.9278 . The historical average PB was 0.580164484117822.

Brief about Canara Bank

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