SECTOR: Bank - Public
₹ 33724.68 Cr.
₹ 24062.16 Cr.
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The company is present in 27 Indices.
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Holding Value: 21224.38291402 Cr.
As of March2022
Holding Value: 661.755666 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 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.