Is Canara Bank a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Canara Bank is a below average quality company .

Is Canara Bank undervalued or overvalued?

The key valuation ratios of Canara Bank's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Canara Bank share price return in the past 10 years?

Canara Bank share price has appreciated 2.7% annually (CAGR) over the past ten years.

Is Canara Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Canara Bank is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Canara Bank - Stock Valuation and Financial Performance

Name: Canara Bank
Brand: Canara Bank

BSE: 532483 | NSE: CANBK | Bank - Public | Large Cap

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Canara Bank Share Price

₹105.15 3.50 3.44%
as on 03-Dec'24 16:59

10 Year X-Ray of Canara Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	9,680	9,777	9,916	12,232	15,612	13,942	25,071	27,578	32,895	38,401	39,326
YoY Gr. Rt. %	-	1%	1.4%	23.4%	27.6%	-10.7%	79.8%	10%	19.3%	16.7%	-
Total Income	48,547	49,171	49,309	48,743	57,858	61,558	93,339	94,257	1,11,210	1,39,165	1,47,986
YoY Gr. Rt. %	-	1.3%	0.3%	-1.2%	18.7%	6.4%	51.6%	1%	18%	25.1%	-
Adj EPS (₹ )	11.7	-9.3	4.6	-10.8	1.6	-3.9	3.5	6.8	12.4	16.8	17.6
YoY Gr. Rt. %	-	-179.6%	NA	-336.9%	NA	-341.3%	NA	92.3%	83.9%	35.7%	-
BVPS (₹ )	110.9	96.6	98.2	82.9	83	67.7	65.7	67.8	77.8	91.5	103
YoY Gr. Rt. %	-	-12.9%	1.6%	-15.6%	0.1%	-18.4%	-2.9%	3.1%	14.8%	17.7%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	0.5	-0.5	0.2	-0.7	0.1	-0.3	0.3	0.5	0.8	1	1
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	2.7	6.4	6.3	7.5	5.4	4.2	3.8	2.7	1.7	1.3	1
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	16.6%	19.7%	15.3%	16.7%
Total Income	12.4%	19.2%	14.2%	25.1%
Adj EPS	4.1%	60.1%	68.7%	35.7%
BVPS	-2.1%	2%	11.7%	17.7%
Share Price	2.7%	19.4%	36.6%	28.2%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	90.25	89.56	84.08	84.82	82.88	80.83	75.27	74.92	77.23	79.42	79.2
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	1.8	1.8	1.8	2.1	2.4	2	2.3	2.3	2.5	2.6	2.4
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	11	-9.9	4.4	-13.7	1.8	-6.1	6.1	10	16.4	19.3	17.1
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	23.9	25.8	30.2	31.8	29.2	31.4	32.7	33.9	31.1	29.9	-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Total Income has increased 14.24 CAGR in last 3 years

Net Profit has increased 68.66 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Canara Bank

	Standalone	Consolidated
TTM EPS (₹)	16.9	17.6
TTM Sales (₹ Cr.)	1,15,288	1,17,133
BVPS (₹.) ⓘ	97	103
Reserves (₹ Cr.) ⓘ	86,158	91,582
P/BV ⓘ	1.05	0.99
PE ⓘ	6.01	5.76

From the Market
52 Week Low / High (₹)	82.66 / 129.35
All Time Low / High (₹)	7.78 / 164.19
Market Cap (₹ Cr.)	92,203
Equity (₹ Cr.)	1,814.1
Face Value (₹)	2
Industry PE ⓘ	10

Management X-Ray of Canara Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Canara Bank

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Price to Earnings

Enterprise Value to EBIT

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Canara Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	48,547	49,171	49,309	48,743	57,858	61,558	93,339	94,257	1,11,210	1,39,165
Interest Income	43,813	44,039	41,457	41,345	47,951	49,759	70,253	70,614	85,885	1,10,519
Other Income ⓘ	4,733	5,131	7,852	7,398	9,907	11,799	23,086	23,643	25,325	28,646
Expenditure	45,689	51,841	48,075	52,831	57,311	63,581	90,637	88,462	1,00,402	1,24,383
Interest Expense	34,133	34,263	31,540	29,113	32,339	35,817	45,182	43,035	52,990	72,118
Operating Expenses	7,266	7,592	8,612	9,838	14,566	16,067	28,285	27,924	30,245	37,337
Provisions	4,290	9,986	7,923	13,880	10,407	11,697	17,170	17,503	17,166	14,928
Profit Before Tax	3,683	-3,049	1,746	-6,408	-2,111	-1,514	3,882	9,145	14,427	20,000
Taxes	825	-379	513	-2,321	-2,659	509	1,180	3,350	3,619	5,217
Profit After Tax	2,858	-2,670	1,234	-4,087	547	-2,023	2,702	5,795	10,808	14,782
Adjusted EPS (₹)	11.73	-9.34	4.55	-10.78	1.60	-3.86	3.51	6.75	12.41	16.84
Dividend Payout Ratio (%)	17%	0%	4%	0%	0%	0%	0%	19%	19%	19%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	475	543	597	733	753	1,030	1,647	1,814	1,814	1,814
Total Reserves ⓘ	32,017	31,867	34,088	36,164	36,936	40,176	60,763	68,147	76,240	90,319
Minority Interest	379	449	498	522	668	730	793	825	904	1000
Deposits	4,73,725	4,79,749	4,95,266	5,24,847	5,99,123	6,25,408	10,10,985	10,86,341	11,79,086	13,12,242
Borrowings ⓘ	25,763	26,963	39,592	38,909	41,043	42,762	50,013	46,285	58,073	57,538
Other Liabilities	26,199	24,154	26,117	30,259	33,260	31,334	55,339	55,377	64,912	72,104
Total Liabilities ⓘ	5,58,558	5,63,725	5,96,159	6,31,435	7,11,783	7,41,440	11,79,540	12,58,789	13,81,030	15,35,018
Assets
Balance with RBI	21,977	20,665	19,924	22,102	29,921	22,573	43,116	51,637	55,045	71,135
Balance with Banks	26,671	36,079	39,043	28,122	36,610	46,017	1,35,750	1,30,754	86,658	80,030
Investments ⓘ	1,52,122	1,52,470	1,62,073	1,57,444	1,68,678	1,92,645	2,86,191	3,11,347	3,52,893	3,99,207
Advances	3,30,294	3,24,992	3,42,320	3,82,075	4,28,115	4,32,403	6,39,287	7,03,864	8,30,929	9,31,787
Net Block ⓘ	6,972	7,208	7,187	8,337	8,433	8,323	11,269	11,447	10,333	12,330
Other Assets	20,524	22,313	25,613	33,357	40,026	39,478	63,924	49,736	45,171	40,528
Total Assets ⓘ	5,58,558	5,63,725	5,96,159	6,31,435	7,11,783	7,41,440	11,79,540	12,58,789	13,81,030	15,35,018

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	6,344	9,346	2,575	-11,120	18,237	-5,289	59,118	919	-39,978	15,047
Cash Flow From Investing Activity ⓘ	-1,038	-485	-401	-553	-730	-411	-1,029	-1,256	-1,238	-1,748
Cash Flow From Financing Activity ⓘ	-1,464	-806	124	2,865	-1,185	7,792	290	4,035	445	-3,834
Net Cash Flow ⓘ	3,842	8,055	2,298	-8,808	16,322	2,092	58,379	3,699	-40,770	9,464

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	60	-48	23	-54	8	-19	18	34	62	84
DPS (₹)	11	0	1	0	0	0	0	7	12	16
BVPS (₹)	570	497	491	414	415	339	329	339	389	458
Margin Ratios
Yield on Advances (%)	13.3	13.6	12.1	10.8	11.2	11.5	11.0	10.0	10.3	11.9
Yield on Investments (%)	7.8	8.2	8.5	7.9	7.4	6.7	7.7	7.0	6.4	6.6
Cost of Liabilities (%)	6.8	6.8	5.9	5.2	5.1	5.4	4.3	3.8	4.3	5.3
NIM (%)	1.8	1.8	1.8	2.1	2.4	2.0	2.3	2.3	2.5	2.6
Interest Spread (%)	6.4	6.8	6.2	5.7	6.2	6.2	6.7	6.2	6.1	6.6
Performance Ratios
ROA (%)	0.5	-0.5	0.2	-0.7	0.1	-0.3	0.3	0.5	0.8	1.0
ROE (%)	11.0	-9.9	4.4	-13.7	1.8	-6.1	6.1	10.0	16.4	19.3
ROCE (%)	10.0	-1.9	5.6	-5.9	0.2	1.0	7.1	10.9	14.8	18.1
Efficiency Ratios
Cost to Income Ratio (%)	50.4	50.9	48.5	50.1	57.1	62.4	58.7	54.5	52.0	55.7
Operating Costs to Assets (%)	1.3	1.4	1.4	1.6	2.1	2.2	2.4	2.2	2.2	2.4
Valuation Parameters
Price/Book(x)	0.7	0.4	0.6	0.6	0.7	0.3	0.5	0.7	0.7	1.3

Canara Bank Stock News

Canara Bank FAQs

What is the share price of Canara Bank?

Company share prices are keep on changing according to the market conditions. The closing price of Canara Bank on 03-Dec-2024 16:59 is ₹105.2.

What is the market cap of Canara Bank?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Canara Bank stood at ₹92,203.2.

What is the P/E ratio of Canara Bank?

The latest P/E ratio of Canara Bank as of 03-Dec-2024 16:59 is 6.01.

What is the P/B ratio of Canara Bank?

The latest P/B ratio of Canara Bank as of 03-Dec-2024 16:59 is 1.05.

What is the 52-week high and low of Canara Bank?

The 52-week high of Canara Bank is ₹129.3 and the 52-week low is ₹82.66.

What is the TTM revenue of Canara Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Canara Bank is ₹1,15,288 ( Cr.) .

About Canara Bank

Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Currently, Canara Bank occupies a premier position in the comity of Indian banks.

Canara Bank has several firsts to its credit, these include:

Launching of Inter-City ATM Network
Obtaining ISO Certification for a Branch
Articulation of 'Good Banking' - Bank's Citizen Charter
Commissioning of Exclusive Mahila Banking Branch
Launching of Exclusive Subsidiary for IT Consultancy
Issuing credit card for farmers
Providing Agricultural Consultancy Services

Businesses of the Bank

Personal Banking: It offers a wide range of products and services such as saving accounts, deposits, loans, mutual funds, Insurance, internet banking, debit card, credit card, etc.
Corporate Banking: It provides various services to its corporate clients such as Cash Management Services, loans, IPO monitoring services, etc.
NRI Banking: Besides various personal banking products it also offers remittance services, consultancy services to its NRI Clients.
SME sector: It also offers various products and services to priority and SME sector.

Awards and Achievements

2017-18:

Received Master card Innovation Award for Canara International Prepaid card under prepaid segment.
“Rupay Special” award for being the highest Rupay card issuing bank by NPCI.
VISA Award on crossing a key milestone on issuance of 1.35 crore VISA debit card.
Bagged FINNOVITI award for Innovation for CANDI Branch.
ASSOCHAM Social Banking Excellence Awards 2017 for Government Sponsored Schemes and Runner-up for Agriculture Banking in the Large Bank Class.
Golden Peacock Award 2017 for Corporate Social Responsibility from Institute of Directors, New Delhi.
Skoch Technologies Growth 2017 for “CANDI”, digital branch.
Excellent Customer Service Award’ at the 5th SME Excellence 2017 by ASSOCHAM.
Best CIO of the Year” by Computer Society of India for “CANDI” an ambitious digital banking project of the Bank in the “IT Innovation & Excellence Awards2017”.
Skoch Smart Security awards 2017 for “SIEM” tool.
Dun and BradStreet Award for 2016-17 adjudging as Best Public Sector Bank-Priority Sector Lending Bank. Consecutively third time (2014-15, 2015-16 and 2016-17) Bank has been receiving this Award.
Certificate of Excellence for exemplary leadership in promoting RSETIs and Certificate of Excellence for RUDSETI for FY15 & FY16.

2018-19:

Central Vigilance Commission has awarded Canara Bank with ‘Vigilance Excellence Award-Outstanding’ under Category ‘Timely Completion of Disciplinary Proceedings’ for the year 2018.
Bank received first runner up award on theme Credit off-take in EASE Banking Reform Awards 2019.
Bank has bagged four awards from the Associated Chambers of Commerce and Industry of India (ASSOCHAM) under Agriculture, Priority sector lending, Social Banking and Technology.
Bank has bagged eight Awards from Public Relations Council Of India (PRCI) including 3 Gold under Television Commercials, Advertising Corporate Campaign RADIO and Advertising Corporate Campaign Television.
NPCI Special Award in recognition of excellent performance in NFS ATM Network, Rupay, CTS & UPI / IMPS.
Bank’s House magazine ‘Shreyas’ bagged Making of Developed India Award sponsored by ET Now for best in house magazine for the year 2018.
Secured Chamber of Indian Micro Small & Medium Enterprises (CIMSME) awards for best bank for promotional schemes (Large category).
Received runner up CIMSME award for best MSME bank (Large category) and financially inclusive bank (Large category).
Secured PFRDA’s best performing PSB award in APY performance and the splendid seven awards for the APY campaign.

2019-20:

Canara Bank has been awarded ‘India’s Most Trusted Public Sector Banking Services Company 2019’ by International Brand Consulting Corporation, USA.
Canara Bank has been awarded ‘SIDBI-ET INDIA MSE AWARD-2019’ under noteworthy Lender to MSE Category - (Public Sector Bank).
Canara Bank received the award for Best Data Quality Management 2018-19 at the Annual Credit Information Conference.
Canara Bank received National award for SHG Bank Linkage 2018-19 (Public Sector Banks) from DAY-NRLM, Ministry of Rural Development.
The bank has been conferred with VISA GLOBAL QUALITY AWARD 2018 for the lowest global frauds reflection its commitment to deliver superior service quality.
DRBT Banking Technology Innovation Contest for CANDI Branch.
Skoch Order of Merit Award 2019 for Canara DiYA, Canara Recovery App, Canara Digital Learning & Social Media Analytics and Campaign management.
Skoch Award 2019 Silver for “Canara DiYA'.

Milestones

1906: Canara Hindu Permanent Fund Ltd. formally registered with a capital of 2000 shares of Rs. 50/- each, with 4 employees.
1910: Canara Hindu Permanent Fund renamed as Canara Bank Limited
1969: 14 major banks in the country, including Canara Bank, nationalized on July 19
1976: 1000th branch inaugurated
1983: Overseas branch at London inaugurated, Cancard (the Bank’s credit card) launched
1985: Takeover of Lakshmi Commercial Bank Limited and Commissioning of Indo Hong Kong International Finance Limited (now a full-fledged branch)
1987: Canbank Mutual Fund & Canfin Homes launched
1989: Canbank Venture Capital Fund started
1989-90: Canbank Factors Limited, the factoring subsidiary launched
1992-93: Became the first Bank to articulate and adopt the directive principles of “Good Banking”.
1995-96: Became the first Bank to be conferred with ISO 9002 certification for one of its branches in Bangalore
2001-02: Opened a 'Mahila Banking Branch', first of its kind at Bangalore, for catering exclusively to the financial requirements of women clientele.
2002-03: Maiden IPO of the Bank
2003-04: Launched Internet Banking Services
2004-05: 100% Branch computerization
2005-06: Entered 100th Year in Banking Service. Launched Core Banking Solution in select branches. Number One Position in Aggregate Business among Nationalized Banks.
2006-07: Retained Number One Position in Aggregate Business among Nationalized Banks. Signed MoUs for Commissioning Two JVs in Insurance and Asset Management with international majors viz., HSBC (Asia Pacific) Holding and Robeco Groep N.V respectively.
2007-08: Launching of New Brand Identity. Incorporation of Insurance and Asset Management JVs. Launching of 'Online Trading' portal. Launching of a ‘Call Centre’. Switchover to Basel II New Capital Adequacy Framework.
2008-09: The Bank crossed the coveted Rs. 3 lakh crore in aggregate business. The Bank’s 3rd foreign branch at Shanghai commissioned.
2009-10: The Bank’s aggregate business crossed Rs. 4 lakh crore mark. Net profit of the Bank crossed Rs. 3000 crore. The Bank’s branch network crossed the 3000 mark.
2010-11: The Bank’s aggregate business crossed Rs. 5 lakh crore mark. Net profit of the Bank crossed Rs. 4000 crore. 100% coverage under Core Banking Solution. The Bank’s 4th foreign branch at Leicester and a Representative office at Sharjah, UAE, opened. The Bank raised Rs. 1993 crore under QIP. Govt. holding reduced to 67.72% post QIP.
2011-12: Total number of branches reached 3600. The Bank’s 5th foreign branch at Manama, Bahrain opened.
2012-13: Highest Dividend of 130% paid for the year
2013-14: 1027 branches and 2786 ATMs opened during the year. Global business crossed the Rs.7 lakh crore milestone. Switchover to Basel III New Capital Adequacy Framework. Branch Network and Atms increased to 4755 branches and 6312 ATMs.
2014-15: Global Business of the Bank crossed Rs.8 lakh crore.
2015-16: The Bank’s 8th foreign branch at DIFC (Dubai) opened.
2016-17: Branch network crossed 6000 milestones.Total number branches rose to 6083.Canara Bank (Tanzania) Ltd., a foreign subsidiary, opened.
2017-18: Global Business of the Bank crossed Rs.9 lakh crore.
2018-19: Global Business of the Bank crossed 10 lakh crore, Bank issued 2 core new equity shares to employees under Canara Bank Employee Share Purchase scheme (CanBank-ESPS).
2019-20: Domestic Business of Canara Bank crossed Rs. 10 Lakh Crore.