Canara Bank

₹110 0.9 | 0.8%

WEBSITE BSE:532483 NSE : CANARA BANK 09 Dec, 12:59

Market Cap ₹99777 Cr.

Stock P/E 6.8

P/B 1.1

Current Price ₹110

Book Value ₹ 103

Face Value 2

52W High ₹129.4

Dividend Yield 2.93%

52W Low ₹ 82.7

Edit Ratio

Canara Bank Research see more...

Canara bank research report

Overview Inc. Year: 1906Industry: Bank - Public

Canara Bank Ltd. is an primarily India-based financial institution. The Bank's segments include Wholesale Banking Operations, Life Insurance Operation,Treasury Operations, Retail Banking Operations, and Other Banking Operations. The Bank presents private banking, corporate banking, non-resident Indians banking, Internet banking, and micro, small and medium companies (MSME) banking offerings. Its retail lending operations include schooling loans, car loans, housing loans and other private loans. Its different services consist of service provider banking, bancassurance and mutual funds and government enterprise. The Bank undertakes authorities commercial enterprise, comprising direct and indirect tax collections; fee of Central Government and State Government Pensions; public provident fund scheme and senior citizens' saving scheme,managing of postal transactions and State Government treasury transactions; and issuing Sovereign Gold Bonds and Sukanya Samridhi Scheme. It has approximately 10,416 home branches.

Canara Bank Share Price

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Peer Comparison

Canara Bank Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Interest Earned	18537	20482	22561	24304	25451	27290	28492	29286	29173	30182
Other Income	5202	6876	5777	7470	6809	6602	7138	8098	7793	7824
Total Income	23739	27358	28338	31774	32259	33891	35630	37384	36966	38006
Interest Expense	11396	12681	13622	15292	16337	17934	18620	19226	19534	20427
Operating Expenditure	5694	7689	7707	9156	8270	8250	10102	10714	9727	9814
Provisions and contingencies	3689	3638	3124	3098	2720	2609	1899	2484	2282	2252
Operating Profit	2961	3351	3886	4229	4933	5098	5009	4960	5422	5513
Profit Before Tax	2961	3351	3886	4229	4933	5098	5009	4960	5422	5513
Provision for Tax	903	757	963	996	1359	1421	1270	1167	1445	1412
Profit After Tax	2058	2593	2923	3233	3574	3677	3738	3793	3977	4100
Adjustments	121	112	110	104	165	120	52	159	90	87
Profit After Adjustments	2180	2706	3033	3337	3739	3798	3790	3952	4068	4188
Adjusted Earnings Per Share	2.4	3	3.3	3.7	4.1	4.2	4.2	4.4	4.5	4.6

Canara Bank Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Interest Earned	39570	43813	44039	41457	41345	47951	49759	70253	70614	85885	110519	117133
Other Income	4144	4733	5131	7852	7398	9907	11799	23086	23643	25325	28646	30853
Total Income	43714	48547	49171	49309	48743	57858	61558	93339	94257	111210	139165	147986
Interest Expense	30606	34133	34263	31540	29113	32339	35817	45182	43035	52990	72118	77807
Operating Expenditure	6116	7266	7592	8612	9838	14566	16067	28285	27924	30245	37337	40357
Provisions and contingencies	3750	3464	10365	7410	16201	13065	11188	15990	14153	13548	9711	8917
Operating Profit	3242	3683	-3049	1746	-6408	-2111	-1514	3882	9145	14427	20000	20904
Profit Before Tax	3242	3683	-3049	1746	-6408	-2111	-1514	3882	9145	14427	20000	20904
Provision for Tax	652	825	-379	513	-2321	-2659	509	1180	3350	3619	5217	5294
Profit After Tax	2590	2858	-2670	1234	-4087	547	-2023	2702	5795	10808	14782	15608
Adjustments	41	7	63	125	136	55	36	189	330	447	496	388
Profit After Adjustments	2630	2865	-2607	1358	-3951	602	-1986	2891	6125	11255	15279	15998
Adjusted Earnings Per Share	11.1	11.7	-9.3	4.5	-10.8	1.6	-3.9	3.5	6.8	12.4	16.8	17.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	29%	16%	18%	11%
Operating Profit CAGR	39%	73%	0%	20%
PAT CAGR	37%	76%	93%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	23%	37%	21%	4%
ROE Average	19%	15%	9%	5%
ROCE Average	18%	15%	10%	6%

Canara Bank Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	30176	32492	32410	34685	36898	37689	41206	62410	69961	78054	92133
Minority's Interest	314	379	449	498	522	668	730	793	825	904	1000
Deposits	420604	473725	479749	495266	524847	599123	625408	1010985	1086341	1179086	1312242
Borrowings	27310	25763	26963	39592	38909	41043	42762	50013	46285	58073	57538
Other Liabilities & Provisions	22686	26199	24154	26117	30259	33260	31334	55339	55377	64912	72104
Total Liabilities	501090	558558	563725	596159	631435	711783	741440	1179540	1258789	1381030	1535018
Cash and balance with RBI	22161	21977	20665	19924	22102	29921	22573	43116	51637	55045	71135
Bank Balance	22711	26671	36079	39043	28122	36610	46017	135750	130754	86658	80030
Investments	135445	152122	152470	162073	157444	168678	192645	286191	311347	352893	399207
Advances	301326	330294	324992	342320	382075	428115	432403	639287	703864	830929	931787
Fixed Assets	6661	6969	7206	7185	8335	8433	8323	11269	11447	10334	12331
Other Assets	12785	20524	22313	25613	33357	40026	39478	63924	49736	45171	40528
Total Assets	501090	558558	563725	596159	631435	711783	741440	1179540	1258789	1381030	1535018

Canara Bank Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	34779	44872	48648	56744	58967	50225	66531	120575	178866	182391	141703
Cash Flow from Operating Activities	14244	6344	9346	2575	-11120	18237	-5289	59118	919	-39978	15047
Cash Flow from Investing Activities	-496	-1038	-485	-401	-553	-730	-411	-1029	-1256	-1238	-1748
Cash Flow from Financing Activities	-3771	-1464	-806	124	2865	-1185	7792	290	4035	445	-3834
Net Cash Inflow / Outflow	9977	3842	8055	2298	-8808	16322	2092	58379	3699	-40770	9464
Closing Cash & Cash Equivalent	44872	48648	56744	58967	50225	66531	68590	178866	182391	141703	151165

Canara Bank Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	11.09	11.73	-9.34	4.55	-10.78	1.6	-3.86	3.51	6.75	12.41	16.84
CEPS(Rs)	11.89	13.46	-8.95	5.24	-9.9	2.59	-3.06	4.3	7.32	13.04	17.29
DPS(Rs)	2.14	2.04	0	0.2	0	0	0	0	1.3	2.4	3.22
Book NAV/Share(Rs)	104.08	110.88	96.61	98.15	82.85	82.95	67.7	65.74	67.75	77.79	91.52
Yield on Advances	13.13	13.26	13.55	12.11	10.82	11.2	11.51	10.99	10.03	10.34	11.86
Yield on Investments	8.1	7.8	8.17	8.49	7.89	7.41	6.69	7.66	7.04	6.36	6.62
Cost of Liabilities	6.83	6.83	6.76	5.9	5.16	5.05	5.36	4.26	3.8	4.28	5.26
NIM (Net Interest Margin)	1.86	1.82	1.83	1.76	2.07	2.35	2.01	2.27	2.3	2.48	2.59
Interest Spread	6.3	6.43	6.79	6.21	5.66	6.15	6.15	6.73	6.23	6.05	6.6
ROA(%)	0.56	0.54	-0.48	0.21	-0.67	0.08	-0.28	0.28	0.48	0.82	1.01
ROE(%)	10.83	11.04	-9.88	4.38	-13.7	1.78	-6.12	6.07	10.03	16.37	19.25
ROCE(%)	10.1	10.01	-1.91	5.58	-5.91	0.16	0.95	7.09	10.87	14.75	18.08
PER(x)	4.64	6.1	0	13.32	0	36.54	0	8.67	6.74	4.59	6.9
Price/Book(x)	0.49	0.65	0.38	0.62	0.64	0.7	0.27	0.46	0.67	0.73	1.27
Dividend Yield(%)	4.16	2.85	0	0.33	0	0	0	0	2.86	4.22	2.77
EV/Net Sales(x)	1	0.99	0.85	1.39	1.41	1.31	1.05	1.07	1.24	1.28	1.47
EV/Core EBITDA(x)	5.65	6.05	5.09	6.3	5.95	5.75	5.38	3.78	3.76	3.92	5.48
Interest Earned Growth(%)	16.14	10.72	0.52	-5.86	-0.27	15.98	3.77	41.19	0.51	21.63	28.68
Net Profit Growth	-12.27	10.37	-193.43	146.2	-431.33	113.39	-469.64	233.6	114.48	86.5	36.77
Advances Growth	24.29	9.61	-1.61	5.33	11.61	12.05	1	47.84	10.1	18.05	12.14
EPS Growth(%)	-14.94	5.72	-179.64	148.69	-336.97	114.83	-341.32	191.04	92.34	83.76	35.75
Loans/Deposits(x)	6.49	5.44	5.62	7.99	7.41	6.85	6.84	4.95	4.26	4.93	4.38
Cash/Deposits(x)	0.05	0.05	0.04	0.04	0.04	0.05	0.04	0.04	0.05	0.05	0.05
Current Ratio(x)	0.32	0.32	0.32	0.33	0.3	0.28	0.31	0.28	0.29	0.3	0.3
Quick Ratio(x)	6.49	5.44	5.62	7.99	7.41	6.85	6.84	4.95	4.26	4.93	4.38
CASA %	24.55	23.94	25.75	30.23	31.83	29.18	31.37	32.73	33.93	31.08	29.9

Canara Bank Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	62.93	62.93	62.93	62.93	62.93	62.93	62.93	62.93	62.93	62.93
FII	7.97	8.44	8.74	8.95	8.92	10.19	11.21	10.55	11.89	11.24
DII	13.82	15.35	16.61	16.19	15.93	14.92	14.3	14.41	11.21	11.66
Public	15.27	13.28	11.72	11.92	12.22	11.96	11.56	12.11	13.96	14.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	114.17	114.17	114.17	114.17	114.17	114.17	114.17	114.17	570.85	570.85
FII	14.46	15.31	15.85	16.23	16.17	18.48	20.33	19.14	107.87	101.91
DII	25.07	27.84	30.13	29.38	28.9	27.06	25.94	26.13	101.72	105.77
Public	27.71	24.09	21.26	21.63	22.17	21.7	20.97	21.97	126.63	128.52
Others	0	0	0	0	0	0	0	0	0	0
Total	181.41	181.41	181.41	181.41	181.41	181.41	181.41	181.41	907.07	907.07

Pros

Company has delivered good profit growth of 93% CAGR over last 5 years
Company has reduced debt.

Cons

Earnings include an other income of Rs. 28646 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Canara Bank

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Canara Bank Research see more...

Overview Inc. Year: 1906Industry: Bank - Public

Canara Bank Share Price

Alert Data

Quarterly Price

Peer Comparison

Canara Bank Quarterly Results

Canara Bank Profit & Loss

Growth Rates

Canara Bank Balance Sheet

Canara Bank Cash Flow

Canara Bank Ratios

Canara Bank Shareholding Pattern

Canara Bank News

Top Unlisted Companies & InstaBuy Companies

Fincare Small Finance Bank

IPO

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