Canara Bank

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

Canara Bank

₹ 94.5 -3.32%
21 Nov 4:00 p.m.
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 ₹ 85,718 Cr.
  • Current Price ₹ 94.5
  • High / Low ₹ 129 / 77.8
  • Stock P/E 5.41
  • Book Value ₹ 102
  • Dividend Yield 3.50 %
  • ROCE 6.63 %
  • ROE 17.9 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.95 times its book value
  • Stock is providing a good dividend yield of 3.47%.
  • 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.30,853 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 Next 50 BSE 100 LargeCap TMC Index Nifty100 ESG Nifty 500 Multicap 50:25:25 Nifty 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 17,336 17,982 18,227 18,537 20,482 22,561 24,304 25,451 27,290 28,492 29,286 29,173 30,182
Interest 10,791 10,761 10,856 11,396 12,681 13,622 15,292 16,337 17,934 18,620 19,226 19,534 20,427
11,066 8,386 10,824 9,382 11,326 10,831 12,253 10,990 10,859 12,001 13,198 12,010 12,066
Financing Profit -4,521 -1,165 -3,453 -2,241 -3,525 -1,891 -3,241 -1,876 -1,504 -2,129 -3,138 -2,371 -2,312
Financing Margin % -26% -6% -19% -12% -17% -8% -13% -7% -6% -7% -11% -8% -8%
6,540 3,506 6,292 5,202 6,876 5,777 7,470 6,809 6,602 7,138 8,098 7,793 7,824
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,019 2,341 2,839 2,961 3,351 3,886 4,229 4,933 5,098 5,009 4,960 5,422 5,513
Tax % 45% 30% 31% 30% 23% 25% 24% 28% 28% 25% 24% 27% 26%
1,194 1,712 2,061 2,193 2,730 3,058 3,364 3,755 3,829 3,827 3,991 4,098 4,227
EPS in Rs 1.45 1.83 2.12 2.40 2.98 3.34 3.68 4.12 4.19 4.18 4.36 4.48 4.62
Gross NPA % 8.44% 7.81% 7.51% 6.99% 6.37% 5.90% 5.35% 5.16% 4.76% 4.39% 4.23% 4.14% 3.73%
Net NPA % 3.21% 2.87% 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

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 85,885 110,519 117,133
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 77,808
7,217 9,636 10,302 17,785 15,691 25,582 27,202 26,809 43,437 41,235 42,772 46,146 49,275
Financing Profit 655 -672 -621 -8,008 -5,775 -13,350 -11,590 -12,867 -18,367 -13,657 -9,877 -7,745 -9,950
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 30,853
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 20,903
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 16,142
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 17.64
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: 18%
Compounded Profit Growth
10 Years: 19%
5 Years: 91%
3 Years: 75%
TTM: 15%
Stock Price CAGR
10 Years: 2%
5 Years: 17%
3 Years: 32%
1 Year: 24%
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
Equity Capital 443 461 475 543 597 733 753 1,030 1,647 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
376,040 447,913 499,488 506,712 534,858 563,756 640,166 668,170 1,060,998 1,132,626 1,237,160 1,369,780
18,108 23,000 26,578 24,603 26,615 30,781 33,928 32,064 56,132 56,202 65,816 73,104
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
2,883 6,661 6,969 7,206 7,185 8,335 8,433 8,323 11,269 11,447 10,334 12,331
CWIP 1 1 1 0 0 0 0 0 2 2 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
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
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

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%

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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