Canara Bank
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 #}
- Market Cap ₹ 80,729 Cr.
- Current Price ₹ 89.0
- High / Low ₹ 129 / 78.6
- Stock P/E 4.92
- Book Value ₹ 114
- Dividend Yield 3.62 %
- ROCE 6.63 %
- ROE 17.9 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.78 times its book value
- Stock is providing a good dividend yield of 3.62%.
- Company has delivered good profit growth of 90.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.2%
Cons
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.2,23,809 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.30,394 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.
Peer comparison
Sector: Banks Industry: Banks - Public Sector
Part of Nifty 100 Equal Weight BSE 200 BSE 100 BSE 500 BSE PSU
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 34,070 | 39,570 | 43,813 | 44,039 | 41,457 | 41,345 | 47,951 | 49,759 | 70,253 | 70,614 | 85,885 | 110,519 | 119,392 |
Interest | 26,198 | 30,606 | 34,133 | 34,263 | 31,540 | 29,113 | 32,339 | 35,817 | 45,182 | 43,035 | 52,990 | 72,118 | 80,351 |
7,217 | 9,636 | 10,302 | 17,785 | 15,691 | 25,582 | 27,202 | 26,809 | 43,437 | 41,235 | 42,772 | 46,146 | 48,026 | |
Financing Profit | 655 | -672 | -621 | -8,008 | -5,775 | -13,350 | -11,590 | -12,867 | -18,367 | -13,657 | -9,877 | -7,745 | -8,985 |
Financing Margin % | 2% | -2% | -1% | -18% | -14% | -32% | -24% | -26% | -26% | -19% | -12% | -7% | -8% |
3,308 | 4,144 | 4,733 | 5,266 | 7,852 | 7,398 | 9,907 | 11,799 | 23,086 | 23,643 | 25,325 | 28,646 | 30,394 | |
Depreciation | 191 | 230 | 429 | 172 | 331 | 456 | 429 | 446 | 838 | 841 | 1,021 | 902 | 0 |
Profit before tax | 3,771 | 3,242 | 3,683 | -2,914 | 1,746 | -6,408 | -2,111 | -1,514 | 3,882 | 9,145 | 14,427 | 20,000 | 21,409 |
Tax % | 22% | 20% | 22% | -13% | 29% | -36% | -126% | 34% | 30% | 37% | 25% | 26% | |
2,995 | 2,672 | 2,931 | -2,535 | 1,411 | -3,873 | 696 | -1,921 | 2,957 | 6,158 | 11,345 | 15,401 | 16,571 | |
EPS in Rs | 12.19 | 10.37 | 10.96 | -8.73 | 4.55 | -10.78 | 1.60 | -3.86 | 3.51 | 6.75 | 12.41 | 16.84 | 18.11 |
Dividend Payout % | 19% | 19% | 17% | 0% | 4% | 0% | 0% | 0% | 0% | 19% | 19% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 18% |
3 Years: | 16% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 91% |
3 Years: | 75% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 39% |
3 Years: | 25% |
1 Year: | -23% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | 14% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 443 | 461 | 475 | 543 | 597 | 733 | 753 | 1,030 | 1,647 | 1,814 | 1,814 | 1,814 | 1,814 |
Reserves | 24,733 | 29,715 | 32,017 | 31,867 | 34,088 | 36,164 | 36,936 | 40,176 | 60,763 | 68,147 | 76,240 | 90,319 | 100,700 |
Deposits | 364,395 | 431,880 | 485,802 | 479,749 | 495,266 | 524,847 | 599,123 | 625,408 | 1,010,985 | 1,086,341 | 1,179,086 | 1,312,242 | 1,347,216 |
Borrowing | 11,644 | 16,034 | 13,686 | 26,963 | 39,592 | 38,910 | 41,043 | 42,762 | 50,013 | 46,285 | 58,073 | 57,538 | 94,770 |
18,108 | 23,000 | 26,578 | 24,603 | 26,615 | 30,781 | 33,928 | 32,064 | 56,132 | 56,202 | 65,816 | 73,104 | 77,071 | |
Total Liabilities | 419,324 | 501,090 | 558,558 | 563,725 | 596,159 | 631,435 | 711,783 | 741,440 | 1,179,540 | 1,258,789 | 1,381,030 | 1,535,018 | 1,621,571 |
2,883 | 6,661 | 6,969 | 7,206 | 7,185 | 8,335 | 8,433 | 8,323 | 11,269 | 11,447 | 10,334 | 12,331 | 12,344 | |
CWIP | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 |
Investments | 127,534 | 135,445 | 152,122 | 152,470 | 162,073 | 157,444 | 168,678 | 192,645 | 286,191 | 311,347 | 352,893 | 399,207 | 417,189 |
288,907 | 358,982 | 399,466 | 404,049 | 426,901 | 465,657 | 534,672 | 540,472 | 882,077 | 935,992 | 1,017,803 | 1,123,480 | 1,192,039 | |
Total Assets | 419,324 | 501,090 | 558,558 | 563,725 | 596,159 | 631,435 | 711,783 | 741,440 | 1,179,540 | 1,258,789 | 1,381,030 | 1,535,018 | 1,621,571 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8,010 | 14,244 | 6,344 | 9,346 | 2,575 | -11,120 | 18,237 | -5,289 | 59,118 | 919 | -39,978 | 15,046 | |
-435 | -380 | -1,104 | -443 | -476 | -487 | -745 | -445 | -1,116 | -1,429 | -1,156 | -1,750 | |
-1,043 | -3,771 | -1,464 | -806 | 124 | 2,865 | -1,185 | 7,792 | 290 | 4,035 | 445 | -3,834 | |
Net Cash Flow | 6,532 | 10,092 | 3,776 | 8,096 | 2,224 | -8,743 | 16,307 | 2,059 | 58,291 | 3,525 | -40,689 | 9,462 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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% | 10% | 9% | -8% | 4% | -11% | 2% | -5% | 6% | 9% | 15% | 18% |
Documents
Announcements
-
Canara Bank Code Of Conduct For Prohibition Of Insider Trading (W.E.F. 01.04.2025)
2d - Reviewed Code of Conduct for Insider Trading effective 01.04.2025.
-
Announcement under Regulation 30 (LODR)-Cessation
24 Mar - Appointment of new Executive Director at Punjab National Bank.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
24 Mar - Appointment of S K Majumdar as Executive Director of Canara Bank.
- Closure of Trading Window 24 Mar
-
Credit Confirmation Of Annual Interest & Redemption Payment - Regulation 57 Of SEBI (LODR) Regulations, 2015 - ISIN: INE667A08021
21 Mar - Confirmation of interest and redemption payment for bonds.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from nse
Concalls
-
Jan 2025TranscriptPPT
-
Oct 2024Transcript PPT
-
Jul 2024Transcript PPT
-
May 2024Transcript PPT REC
-
Jan 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Oct 2023TranscriptNotesPPT
-
Jul 2023Transcript PPT
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Nov 2020TranscriptNotesPPT
-
Oct 2020Transcript PPT
-
Aug 2020Transcript PPT
-
Jun 2020Transcript PPT
-
Jan 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Jul 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Jan 2017TranscriptNotesPPT
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