Canara Bank Ltd
CANBKCanara Bank Ltd
CANBK
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
LowUndervalued compared to the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 5.74 | 0.95 | 3.29% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.34 | 2.41 | 1.00% |
Forecast & Ratings
Detailed Forecast from 13 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Canara Bank Ltd. is a banking company. The Bank's segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations.
Investor Presentation
View olderPeers
Compare with peersState Bank of India
Bank of Baroda Ltd
Punjab National Bank
Indian Overseas Bank
Union Bank of India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 49,305.93 | 49,308.92 | 48,743.32 | 57,858.26 | 61,558.15 | 93,339.45 | 94,256.89 | 1,11,209.77 | 1,39,164.93 | 1,47,986.12 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 1,27,082.93 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 4,489.52 | 4,962.79 | 5,699.35 | 5,962.84 | 7,501.12 | 13,099.48 | 13,208.73 | 14,292.75 | 17,112.27 | |||||||||||
| Selling & Administrative Expenses | 1,650.78 | 1,796.99 | 2,002.39 | 2,166.49 | 2,083.38 | 3,398.03 | 3,285.67 | 3,865.01 | 4,144.63 | |||||||||||
| Operating & Other expenses | 45,907.23 | 40,471.68 | 46,993.19 | 51,411.50 | 53,041.26 | 72,122.36 | 67,776.43 | 77,604.40 | 97,006.75 | |||||||||||
EBITDA | -2,741.60 | 2,077.46 | -5,951.61 | -1,682.57 | -1,067.61 | 4,719.58 | 9,986.06 | 15,447.61 | 20,901.28 | 20,903.19 | ||||||||||
| Depreciation/Amortization | 172.03 | 331.19 | 456.33 | 428.83 | 445.91 | 838.04 | 841.05 | 1,020.96 | 901.73 | — | ||||||||||
| PBIT | -2,913.63 | 1,746.27 | -6,407.94 | -2,111.40 | -1,513.52 | 3,881.54 | 9,145.01 | 14,426.65 | 19,999.55 | 20,903.19 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | -2,913.63 | 1,746.27 | -6,407.94 | -2,111.40 | -1,513.52 | 3,881.54 | 9,145.01 | 14,426.65 | 19,999.55 | 20,903.19 | ||||||||||
| Taxes & Other Items | -306.63 | 388.01 | -2,456.55 | -2,713.26 | 472.92 | 990.95 | 3,020.17 | 3,171.91 | 4,720.99 | 5,439.18 | ||||||||||
| Net Income | -2,607.00 | 1,358.26 | -3,951.39 | 601.86 | -1,986.44 | 2,890.59 | 6,124.84 | 11,254.74 | 15,278.56 | 15,464.01 | ||||||||||
| EPS | -9.96 | 4.70 | -11.88 | 1.62 | -4.46 | 4.32 | 7.08 | 12.41 | 16.84 | 17.05 | ||||||||||
| DPS | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 1.30 | 2.40 | 3.22 | 3.22 | ||||||||||
| Payout ratio | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.19 | 0.19 | 0.19 |
Company Updates
Investor Presentation
Investor Presentation
Peers & Comparison
FinancialsPublic Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Canara Bank Ltd | 5.81 | 0.95 | 3.29% |
| State Bank of India | 10.68 | 1.66 | 1.71% |
| Bank of Baroda Ltd | 6.54 | 1.02 | 3.21% |
| Punjab National Bank | 12.73 | 1.04 | 1.42% |
Price Comparison
Compare CANBK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Canara Bank Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC Arbitrage Fund - Wholesale Plan - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2724% | Percentage of the fund’s portfolio invested in the stock 1.45% | Change in the portfolio weight of the stock over the last 3 months 0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 85/178 (-74) |
HDFC Arbitrage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2724% | Percentage of the fund’s portfolio invested in the stock 1.45% | Change in the portfolio weight of the stock over the last 3 months 0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 85/178 (-74) |
Kotak Equity Arbitrage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2173% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.31% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 113/181 (-14) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Canara Bank Ltd
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹3.22
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateJun 14, 2023
Dividend/Share
₹12.00
Ex DateEx Date
Jun 14, 2023
Cash Dividend
Ex DateEx DateJun 15, 2022
Dividend/Share
₹6.50
Ex DateEx Date
Jun 15, 2022
Cash Dividend
Ex DateEx DateJul 12, 2017
Dividend/Share
₹1.00
Ex DateEx Date
Jul 12, 2017
Cash Dividend
Ex DateEx DateJun 25, 2015
Dividend/Share
₹10.50
Ex DateEx Date
Jun 25, 2015
Net profit of Canara Bank rose 10.27% to Rs 4187.76 crore in the quarter ended September 2024 as against Rs 3797.67 crore during the previous quarter ended September 2023. Total Operating Income rose 10.60% to Rs 30181.85 crore in the quarter ended September 2024 as against Rs 27289.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income30181.8527289.61 11 OPM %60.0260.21 - PBDT5512.515098.02 8 PBT5512.515098.02 8 NP4187.763797.67 10 Powered by Capital Market - Live
Canara Bank will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
Canara Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) of the bank with effect from 12 October 2024 as under: Overnight MCLR - 8.30% One month MCLR - 8.40% Three month MCLR - 8.50% Six month MCLR - 8.85% One year MCLR - 9.05% Two year MCLR - 9.30% Three year MCLR - 9.40% Powered by Capital Market - Live
Canara Bank dropped for a fifth straight session today. The stock is quoting at Rs 103.71, down 3.63% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81048.48, down 0.78%.Canara Bank has eased around 0.3% in last one month.Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has eased around 0.75% in last one month and is currently quoting at 51462.05, down 1.41% on the day. The volume in the stock stood at 198.83 lakh shares today, compared to the daily average of 292.64 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 104.59, down 3.48% on the day. Canara Bank jumped 41.93% in last one year as compared to a 27% rally in NIFTY and a 15.61% spurt in the Nifty Bank index.The PE of the stock is 6.54 based on TTM earnings ending June 24.Powered by Capital Market - Live
Canara Bank announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 27 November 2024 .Powered by Capital Market - Live
Fitch Ratings has assigned Canara Bank's (BBB-/Stable) proposed senior unsecured notes an expected rating of 'BBB-(EXP)'. The notes will constitute Canara's direct, unconditional, unsubordinated and unsecured obligations and will at all times rank pari passu among themselves and with all of Canara's other unsubordinated and unsecured obligations.Powered by Capital Market - Live
Canara Bank is up for a fifth straight session in a row. The stock is quoting at Rs 112.26, up 0.56% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Canara Bank has dropped around 0.53% in last one month. Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has dropped around 2.06% in last one month and is currently quoting at 7012.45, up 0.82% on the day. The volume in the stock stood at 87.08 lakh shares today, compared to the daily average of 296.45 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 112.41, up 0.42% on the day. Canara Bank is up 68.76% in last one year as compared to a 27.67% spurt in NIFTY and a 52.68% spurt in the Nifty PSU Bank index.The PE of the stock is 6.78 based on TTM earnings ending June 24.Powered by Capital Market - Live
Canara Bank gained for a third straight session today. The stock is quoting at Rs 111.44, up 1.4% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Canara Bank has slipped around 2.89% in last one month. Meanwhile, Nifty PSU Bank index of which Canara Bank is a constituent, has slipped around 4.01% in last one month and is currently quoting at 6926.15, up 1.47% on the day. The volume in the stock stood at 152.33 lakh shares today, compared to the daily average of 302.22 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 112.15, up 1.88% on the day. Canara Bank is up 69.8% in last one year as compared to a 27.43% spurt in NIFTY and a 53.64% spurt in the Nifty PSU Bank index.The PE of the stock is 6.68 based on TTM earnings ending June 24.Powered by Capital Market - Live
India Ratings and Research (Ind-Ra) has affirmed Canara Bank's Long-Term Issuer Rating at 'IND AAA'. The Outlook is Stable. The instrument-wise rating actions are as follows: Instruments Amount (Rs crore) Rating Basel III ATI Bonds 4,000 IND AA+/ Stable Infrastructure Bonds 10,000 IND AAA/ Stable Basel III Tier 2 instruments (yet to be issued) 12,900 IND AAA/ Stable Basel III AT1 bonds 12,436.1 IND AA+/ Stable Powered by Capital Market - Live
Canara Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps across tenors w.e.f. 12 August 2024. MCLR Tenor Rate Overnight 8.25% One months 8.35% Three months 8.45% Six months 8.80% One year 9.00% Two year 9.30% Three year 9.40% Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.19%, vs industry avg of 14.77%
Increasing Market Share
Over the last 5 years, market share increased from 8.74% to 10.13%