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Canara Bank share price

Canara Bank

NSE: CANBK BSE: 532483 SECTOR: Bank - Public  214k   1k   266

580.00
0 0
BSE: 23 Feb 04:01 PM

Price Summary

Today's High

₹ 598.75

Today's Low

₹ 578.4

52 Week High

₹ 598.75

52 Week Low

₹ 269.75

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
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

105219.55 Cr.

CASA %

31.09

No. of Shares

181.41 Cr.

P/E

7.53

P/B

1.37

Face Value

₹ 10

Div. Yield

2.07 %

Book Value (TTM)

₹  423.92

Net Interest Income

31435.3 Cr.

Cost To Income %

44.79

Promoter Holding

62.93 %

EPS (TTM)

₹  77.02

CAR %

16.68

ROE

17.14 %

ROCE

15.05%

Profit Growth

86.74 %

* 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.

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.
* 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 Year17.14%
3 Year11.25%
5 Year5.56%

ROA%

1 Year0.82%
3 Year0.52%
5 Year0.26%

Net NPA%

1 Year1.73%
3 Year2.73%
5 Year3.56%

 NIM

1 Year2.43%
3 Year2.31%
5 Year2.22%

CAR %

16.68

Cost of Liabilities %

4.28264183609122

PEG Ratio

0.09

Advances Growth %

18.0600339828084

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 62.93 0
Sep 2023 62.93 0
Jun 2023 62.93 0
Mar 2023 62.93 0
Dec 2022 62.93 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has a good Return on Equity (ROE) track record: 3 Years ROE 11.2520722587456%.
  • Good Capital Adequacy Ratio of 16.68%.
  • The company has delivered good Profit growth of 88.921827363416% over the past 3 years.
  • Strong Advances growth of 24.3340283218981% in the last 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.524407997311087%
  • CASA Growth of -2.8631675271058% YoY, which is very low.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 2.73333333333333%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Interest Earned 22231.42 23909.8 25004.07 26837.68 28038.83
Other Income 3986.44 4775.17 4819.01 4634.5 4295.1
Interest Expended 13631.47 15293.01 16338.42 17934.69 18621.73
Operating Expenses 5634.33 6139.72 5880.64 5921.91 6906.67
Total Provisions 3121.2 3094.95 2718.93 2607.95 1898.91
Profit Before Tax 3830.86 4157.29 4885.09 5007.63 4906.62
Tax 949.34 982.55 1350.25 1401.49 1250.5
Net Profit 2881.52 3174.74 3534.84 3606.14 3656.12
Net NPA % 1.96 1.73 1.57 1.41 1.32
Gross NPA % 5.89 5.35 5.15 4.76 4.39
Return on Assets % 0.88 0.95 0.99 1.02 1.01
NPM % 12.96 13.28 14.14 13.44 13.04

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Interest Earned 46810.34 48934.99 69280.46 69410.24 84424.78
Other Income 6574.96 7813.15 14924.31 16496.9 18762.2
Interest Expended 32332.22 35811.08 45177.62 43026.26 52989.49
Operating Expenses 10462.21 11577.23 19338.18 19791.91 22481.48
Total Provisions 12918.28 11115.39 15981.74 14127.39 13543.01
Profit Before Tax -2327.4 -1755.57 3707.23 8961.58 14173
Taxes -2674.42 480.15 1149.65 3283.17 3569.24
Net Profit 347.02 -2235.72 2557.58 5678.41 10603.76
Adjusted EPS (Rs.) 4.61 -21.7 15.53 31.3 58.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 753.24 1030.23 1646.74 1814.13 1814.13
Total Reserves 35423.99 38262.73 57238.19 64297.18 71793.05
Deposits 599033.27 625351.17 1010874.58 1086409.25 1179218.61
Borrowings 40992.29 42761.77 49983.56 46284.96 58089.79
Other Liabilities 18563.89 16468.84 33931.96 29299.36 34816.67
Total Liabilities 694766.69 723874.75 1153675.03 1228104.88 1345732.25
Assets
Balance with RBI 29919.02 22570.14 43111.62 51602.91 54988.45
Balance with Banks 36233.67 45701.33 135296.41 130451.39 86434.75
Investments 152985.3 176244.94 261690.39 282012.9 319038.45
Advances 427727.27 432175.2 639048.99 703601.82 830672.55
Net Block 8410.23 8276.29 11204.19 11353.96 10230.67
Other Assets 39491.2 38906.84 63321.09 49079.55 44367.37
Total Assets 694766.69 723874.75 1153675.03 1228104.88 1345732.25
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
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 Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 37.07 37.07 37.07 37.07 37.07
bnp paribas arbitrage 1.22 1.50 1.53 2.09 2.07
life insurance corporatio... - - - 7.34 6.30
rekha rakesh jhunjhunwala... - - - 2.07 2.07
smallcap world fund, inc 1.44 1.44 1.44 1.44 1.44
lic of india 8.83 8.83 8.56 - -
rekha jhunjhunwala 2.07 2.07 2.07 - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Canara Bank raises Rs 2,000 crore through bonds15 Feb 2024, 12:12PM Canara Bank informs about board meeting7 Feb 2024, 11:56AM Canara Bank informs about unaudited financial results25 Jan 2024, 12:49PM Canara Bank reports 28% rise in Q3 consolidated net profit24 Jan 2024, 3:52PM Canara Bank - Quaterly Results24 Jan 2024, 12:42PM Canara Bank - Quaterly Results24 Jan 2024, 12:42PM Canara Bank - Quaterly Results24 Jan 2024, 12:42PM Canara Bank raises Rs 1403 crore via Bonds 11 Dec 2023, 6:01PM Canara Bank gets RBI’s nod to sell 70% stake in Canbank Factors29 Nov 2023, 11:00AM Canara Bank reports 42% rise in Q2 consolidated net profit26 Oct 2023, 2:19PM Canara Bank - Quaterly Results26 Oct 2023, 1:03PM Canara Bank - Quaterly Results26 Oct 2023, 1:03PM Canara Bank - Quaterly Results26 Oct 2023, 1:03PM Canara Bank informs about interest payment of bonds4 Oct 2023, 1:02PM Canara Bank raises Rs 5000 crore through bonds 28 Sep 2023, 4:25PM Canara Bank informs about credit rating21 Sep 2023, 4:28PM Canara Bank informs about interest payment of bonds 20 Sep 2023, 2:25PM Canara Bank informs about details of loss of certificate16 Sep 2023, 12:33PM Canara Bank reports 74% rise in Q1 consolidated net profit24 Jul 2023, 2:30PM Canara Bank - Quaterly Results24 Jul 2023, 1:18PM Canara Bank - Quaterly Results24 Jul 2023, 1:18PM Canara Bank - Quaterly Results24 Jul 2023, 1:18PM Canara Bank informs about disclosure20 Jun 2023, 4:30PM Canara Bank aiming to improve bottom line further2 Jun 2023, 12:30PM Canara Bank informs about press release9 May 2023, 5:00PM Canara Bank reports 64% rise in Q4 consolidated net profit8 May 2023, 5:59PM Canara bank informs about press release8 May 2023, 5:16PM Canara Bank informs about disclosure of related party transactions8 May 2023, 4:44PM Canara Bank - Quaterly Results8 May 2023, 1:17PM Canara Bank - Quaterly Results8 May 2023, 1:17PM Canara Bank - Quaterly Results8 May 2023, 1:17PM Canara Bank informs about conference call4 May 2023, 2:21PM Canara Bank informs about PCS certificate4 May 2023, 12:42PM Canara Bank, NBBL launch cross-border inward bill payment services for Indians based in Oman12 Apr 2023, 4:00PM Canara Bank divests stake held in Russian joint venture to SBI 24 Mar 2023, 12:37PM Canara Bank reports 79% rise in Q3 consolidated net profit 23 Jan 2023, 2:20PM Canara Bank - Quaterly Results23 Jan 2023, 11:57AM Canara Bank - Quaterly Results23 Jan 2023, 11:57AM Canara Bank - Quaterly Results23 Jan 2023, 11:57AM Canara Bank to sell stake in Commercial Indo Bank21 Jan 2023, 12:25PM Canara Bank informs about credit rating20 Jan 2023, 5:03PM Canara Bank informs about retirement of MD & CEO2 Jan 2023, 12:15PM Canara Bank crosses total global business of Rs 20,00,000 crore23 Dec 2022, 4:13PM Canara Bank informs about milestone achievement 23 Dec 2022, 3:16PM 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 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 84424.7822 Cr. revenue in the latest financial year. Canara Bank has posted outstanding revenue growth of 19.9359441340324 % in last 3 Years.

  • In terms of advances, Canara Bank reported 18.0600339828084 % YOY,  rise . If you see 3 years advance growth, it stands at 24.3340283218982 %.

  • Currently, Canara Bank has a CASA ratio of 31.086745749871 %. It’s overall cost of liability stands at 4.28264183609122 %. Also, the total deposits from these accounts stood at Rs 1179218.6067 Cr.

  • Canara Bank has a average ROA track record. The ROA of Canara Bank is at 0.823965493684186 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of Canara Bank stood at 5.35 % and 1.73 % 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 -4.13651292883482 % 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 18762.2026 Cr.

  • Canara Bank has a Good Capital Adequacy Ratio of 16.68 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Canara Bank is trading at a P/B of 1.3682 . The historical average PB was 0.60299257577534.

  • Share Price: - The current share price of Canara Bank is Rs 580.45. One can use valuation calculators of ticker to know if Canara Bank share price is undervalued or overvalued.

Last Updated on:
Brief about Canara Bank

Canara Bank Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

Canara Bank is a leading public sector bank in India that has been providing banking services to its customers for over a century. In this article, we will provide a comprehensive analysis of Canara Bank's stock from a long-term investor's perspective. We will cover various topics such as share price, balance sheet, annual report, dividend, quarterly result, stock price, price chart, news, concall, transcripts, investor presentations, promoters, and shareholders.

Canara Bank Share Price:

Canara Bank's share price is an important indicator of investor sentiment towards the bank. The share price is influenced by various factors such as the bank's financial performance, global economic conditions, and market sentiment. Long-term investors can use our pre-built screening tools to analyze Canara Bank's share price and identify any trends or patterns. The company's share price has shown a volatile trend over the past few years, reflecting the bank's financial performance and growth prospects.

Canara Bank Balance Sheet:

Canara Bank's balance sheet provides crucial information about its financial health. The bank's assets include loans, advances, investments, and other assets, while liabilities include deposits, borrowings, and other liabilities. Equity includes share capital, reserves, and surplus. Long-term investors can use our pre-built screening tools to analyze Canara Bank's balance sheet and identify any red flags. The bank's balance sheet has shown a stable trend over the past few years, reflecting the bank's solid financial position and growth prospects.

Canara Bank Annual Report:

Canara Bank releases an annual report every year, which provides detailed information about the bank's financial performance, strategic initiatives, and future plans. The annual report includes a letter from the Chairman, financial statements, and management discussion and analysis. Long-term investors can download Canara Bank's annual report from our website and use it to make informed investment decisions. The annual report provides valuable insights into the bank's operations and financial performance.

Canara Bank Dividend:

Canara Bank has a consistent dividend payout history. The bank has paid dividends in every year, reflecting its commitment to rewarding shareholders. Long-term investors should consider this when evaluating Canara Bank's stock. Our pre-built screening tools can be used to analyze the bank's dividend history and identify any trends or patterns.

Canara Bank Quarterly Results:

Canara Bank releases its quarterly results every three months. The quarterly results provide information about the bank's revenue, earnings, and expenses. Long-term investors can use our pre-built screening tools to analyze Canara Bank's quarterly results and identify any trends or patterns. The quarterly results are an important indicator of the bank's financial health and performance.

Canara Bank Stock Price:

The stock price of Canara Bank is affected by various factors such as the bank's financial performance, global economic conditions, and market sentiment. Long-term investors can use our pre-built screening tools to track Canara Bank's stock price and identify potential buying opportunities. The stock price of Canara Bank has shown a volatile trend over the past few years, reflecting the bank's financial performance and growth prospects.

Canara Bank Price Chart:

A price chart provides a visual representation of a company's stock price over a period of time. Long-term investors can use our pre-built screening tools to analyze Canara Bank's price chart and identify any trends or patterns. The price chart shows that the stock price of Canara Bank has shown a volatile trend over the past few years, reflecting the bank's financial performance and growth prospects.

Canara Bank News:

Keeping up to date with the latest news about Canara Bank is important for investors. Our website provides the latest news about Canara Bank from various sources such as financial news websites and social media. Long-term investors can use this information to make informed investment decisions.

Canara Bank Concall:

Canara Bank holds conference calls with analysts and investors to discuss its financial performance and future plans. Long-term investors can listen to Canara Bank's concall and use the information provided to make informed investment decisions. Our website provides information about upcoming concalls and links to listen to past concalls.

Canara Bank Transcripts:

Transcripts of Canara Bank's concalls are available on our website. Long-term investors can download the transcripts and use them to analyze the bank's financial performance and future plans. The transcripts provide valuable insights into the bank's operations and financial performance.

Canara Bank Investor Presentations:

Canara Bank provides investor presentations on its website. These presentations provide information about the bank's financial performance, strategic initiatives, and future plans. Long-term investors can download Canara Bank's investor presentations from our website and use them to make informed investment decisions. The investor presentations provide valuable insights into the bank's operations and financial performance.

Canara Bank Promoters:

Promoters are individuals or entities that have a significant stake in a company. Canara Bank's promoters include the Government of India, which is the majority shareholder. Long-term investors can use our pre-built screening tools to analyze Canara Bank's promoter holdings and identify any potential conflicts of interest. The promoter holdings of Canara Bank are relatively stable, which is a positive sign for long-term investors.

Canara Bank Shareholders:

Canara Bank has a large number of shareholders, including institutional investors and individual investors. Long-term investors can use our pre-built screening tools to analyze Canara Bank's shareholder base and identify any potential risks or opportunities. The shareholder base of Canara Bank is diverse, which is a positive sign for long-term investors.

Canara Bank Premium Features:

Our website provides premium features tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. These tools can help long-term investors make better investment decisions by providing more detailed insights into the bank's financial performance and valuation.

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