Canara Bank

Canara Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Canara Bank

₹ 94.5 -3.43%
21 Nov - close price
canarabank.com BSE: 532483 NSE: CANBK
About

Canara Bank was merged with erstwhile Syndicate Bank in FY21.{# Canara was incorporated in 1906 and nationalised in 1969, along with 13 other major commercial banks of India, by the GoI. The bank is headquartered in Bangalore.Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on April 1, 2020 #page=4 #}

Key Points

Ratios as of FY24[1]
CARA - 16.28%
Net Interest Margin - 3.05%
Gross NPA - 4.23%
Net NPA - 1.27%
CASA Ratio - 32.29%
Gross Loan Portfolio: Rs. 9,60,602 Crs.
PCR: 89.10 %[2]
Cost to Income Ratio: 47.03
Cost of Funds: 5%[3]

Market Share[4]*
The bank has a market share of 6.2% and 6.5% in net advances and total deposits, respectively as on Jun'23

Website BSE NSE
  • Market Cap ₹ 85,734 Cr.
  • Current Price ₹ 94.5
  • High / Low ₹ 129 / 77.8
  • Stock P/E 5.59
  • Book Value ₹ 95.9
  • Dividend Yield 3.41 %
  • ROCE 6.63 %
  • ROE 18.1 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.99 times its book value
  • Stock is providing a good dividend yield of 3.41%.
  • Company has delivered good profit growth of 111% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.4%

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.2,23,285 Cr.
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

Part of Nifty Next 50 BSE 100 LargeCap TMC Index Nifty100 ESG Nifty 500 Multicap 50:25:25 Nifty 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 17,064 17,701 17,862 18,177 20,107 22,231 23,910 25,004 26,838 28,039 28,807 28,701 29,740
Interest 10,790 10,756 10,856 11,392 12,673 13,631 15,293 16,338 17,935 18,622 19,227 19,535 20,425
8,298 6,999 8,974 9,044 8,990 8,756 9,235 8,600 8,530 8,806 9,892 9,151 8,894
Financing Profit -2,024 -54 -1,968 -2,259 -1,557 -156 -618 66 373 612 -312 15 422
Financing Margin % -12% -0% -11% -12% -8% -1% -3% 0% 1% 2% -1% 0% 1%
4,268 2,257 4,462 5,175 4,825 3,986 4,775 4,819 4,634 4,295 5,218 5,319 4,981
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,243 2,203 2,493 2,916 3,269 3,831 4,157 4,885 5,008 4,907 4,906 5,334 5,403
Tax % 41% 32% 33% 31% 23% 25% 24% 28% 28% 25% 23% 27% 26%
1,333 1,502 1,666 2,022 2,525 2,882 3,175 3,535 3,606 3,656 3,757 3,905 4,015
EPS in Rs 1.47 1.66 1.84 2.23 2.78 3.18 3.50 3.90 3.98 4.03 4.14 4.31 4.43
Gross NPA % 8.42% 7.80% 7.51% 6.98% 6.37% 5.89% 5.35% 5.15% 4.76% 4.39% 4.23% 4.14% 3.73%
Net NPA % 3.21% 2.86% 2.65% 2.48% 2.19% 1.96% 1.73% 1.57% 1.41% 1.32% 1.27% 1.24% 0.99%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 34,078 39,548 43,750 44,022 41,388 41,252 46,810 48,935 69,280 69,410 84,425 108,688 115,288
Interest 26,199 30,603 34,086 34,259 31,516 29,089 32,332 35,811 45,178 43,026 52,989 72,122 77,809
7,170 9,586 10,289 17,654 15,457 25,222 22,964 22,260 34,500 33,104 35,032 34,958 36,743
Financing Profit 709 -641 -626 -7,891 -5,585 -13,059 -8,486 -9,137 -10,397 -6,720 -3,596 1,607 736
Financing Margin % 2% -2% -1% -18% -13% -32% -18% -19% -15% -10% -4% 1% 1%
3,153 3,933 4,550 4,875 7,554 6,943 6,575 7,813 14,924 16,497 18,762 18,966 19,813
Depreciation 190 228 427 170 328 445 417 432 820 816 993 869 0
Profit before tax 3,672 3,063 3,498 -3,186 1,642 -6,561 -2,327 -1,756 3,707 8,962 14,173 19,705 20,549
Tax % 22% 20% 23% -12% 32% -36% -115% 27% 31% 37% 25% 26%
2,872 2,438 2,703 -2,813 1,122 -4,222 347 -2,236 2,558 5,678 10,604 14,554 15,333
EPS in Rs 11.79 9.61 10.34 -9.42 3.76 -11.52 0.92 -4.34 3.11 6.26 11.69 16.05 16.91
Dividend Payout % 20% 21% 18% 0% 5% 0% 0% 0% 0% 21% 21% 20%
Compounded Sales Growth
10 Years: 11%
5 Years: 18%
3 Years: 16%
TTM: 18%
Compounded Profit Growth
10 Years: 20%
5 Years: 111%
3 Years: 79%
TTM: 16%
Stock Price CAGR
10 Years: 2%
5 Years: 16%
3 Years: 31%
1 Year: 20%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 14%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 443 461 475 543 597 733 753 1,030 1,647 1,814 1,814 1,814
Reserves 24,435 29,159 31,384 31,060 33,088 34,872 35,424 38,263 57,238 64,297 71,793 85,140
376,139 447,953 499,512 506,665 534,779 563,580 640,026 668,113 1,060,858 1,132,694 1,237,308 1,369,959
11,325 14,348 16,630 14,693 15,055 17,701 18,564 16,469 33,932 29,299 34,817 34,627
Total Liabilities 412,343 491,922 548,001 552,961 583,519 616,886 694,767 723,875 1,153,675 1,228,105 1,345,732 1,491,541
2,863 6,642 6,949 7,198 7,168 8,319 8,410 8,276 11,204 11,354 10,231 12,228
CWIP 0 0 0 0 0 0 0 0 2 2 0 0
Investments 121,133 126,828 142,061 142,309 150,266 144,054 152,985 176,245 261,690 282,013 319,038 357,454
288,347 358,452 398,990 403,453 426,085 464,514 533,371 539,354 880,778 934,736 1,016,463 1,121,858
Total Assets 412,343 491,922 548,001 552,961 583,519 616,886 694,767 723,875 1,153,675 1,228,105 1,345,732 1,491,541

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8,434 9,535 4,547 6,078 2,316 -11,504 17,886 -5,459 58,533 268 -40,676 14,254
-261 -501 -875 -317 -348 -274 -461 -277 -666 -657 -390 -1,083
-1,638 1,079 140 2,331 124 2,865 -1,185 7,855 284 4,035 435 -3,834
Net Cash Flow 6,535 10,114 3,812 8,093 2,092 -8,913 16,240 2,119 58,151 3,646 -40,631 9,337

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 12% 9% 9% -9% 3% -12% 1% -6% 5% 9% 15% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93%
7.62% 8.48% 7.97% 8.44% 8.74% 8.95% 8.91% 10.19% 11.21% 10.57% 11.91% 11.26%
13.83% 13.61% 13.82% 15.34% 16.60% 16.20% 15.93% 14.91% 14.29% 14.39% 11.19% 11.65%
15.62% 14.97% 15.27% 13.28% 11.72% 11.92% 12.21% 11.96% 11.55% 12.10% 13.94% 14.17%
No. of Shareholders 6,42,6466,39,1366,76,4876,47,8646,16,0246,29,4446,35,5566,38,4016,44,7707,59,08311,93,26716,39,363

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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