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Canara Bank Ltd

CANBK

Canara Bank Ltd

CANBK
FinancialsPublic Banks
MidcapWith a market cap of ₹93,089 cr, stock is ranked 106
Moderate RiskStock is 2.62x as volatile as Nifty
103.961.28% (+1.31)
103.961.28% (+1.31)

Price Chart

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1M
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Max
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FinancialsPublic Banks
MidcapWith a market cap of ₹93,089 cr, stock is ranked 106
Moderate RiskStock is 2.62x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

Low

Undervalued compared to the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

FinancialsPublic Banks
MidcapWith a market cap of ₹93,089 cr, stock is ranked 106
Moderate RiskStock is 2.62x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
6.021.003.14%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
17.832.480.97%

Forecast & Ratings

Detailed Forecast 
69%
Analysts have suggested that investors can buy this stock

from 13 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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

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Oct 29, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 19.19%, vs industry avg of 14.77%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 8.74% to 10.13%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue49,305.9349,308.9248,743.3257,858.2661,558.1593,339.4594,256.891,11,209.771,39,164.931,47,986.12
Raw Materialssubtract—————————1,27,082.93
Power & Fuel Costsubtract—————————
Employee Costsubtract4,489.524,962.795,699.355,962.847,501.1213,099.4813,208.7314,292.7517,112.27
Selling & Administrative Expensessubtract1,650.781,796.992,002.392,166.492,083.383,398.033,285.673,865.014,144.63
Operating & Other expensessubtract45,907.2340,471.6846,993.1951,411.5053,041.2672,122.3667,776.4377,604.4097,006.75
Depreciation/Amortizationsubtract172.03331.19456.33428.83445.91838.04841.051,020.96901.73—
Interest & Other Itemssubtract——————————
Taxes & Other Itemssubtract-306.63388.01-2,456.55-2,713.26472.92990.953,020.173,171.914,720.995,439.18
EPS-9.964.70-11.881.62-4.464.327.0812.4116.8417.05
DPS0.000.200.000.000.000.001.302.403.223.22
Payout ratio0.000.040.000.000.000.000.180.190.190.19

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual Report Unavailable

Investor Presentation

May 6PDF
Jan 27PDF
Oct 26PDF
Jul 27PDF
FY 2023

Annual report

PDF

Investor Presentation

May 8PDF
Jan 23PDF
Oct 20PDF
Jul 25PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 24PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 29PDF
 

Peers & Comparison

Comparing 3 stocks from 
FinancialsPublic Banks

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Canara Bank Ltd6.091.003.14%
State Bank of India10.911.701.67%
Bank of Baroda Ltd6.911.073.04%
Punjab National Bank12.351.011.47%

Price Comparison

Compare CANBK with any stock or ETF
Compare CANBK with any stock or ETF
CANBK
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding62.93%4.34%7.31%11.25%14.17%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep8.92%10.19%11.21%10.57%11.91%11.25%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Arbitrage Fund - Growth - Direct Plan

Growth
0.2645%1.59%1.13%93/176 (+6)
HDFC Arbitrage Fund - Wholesale Plan - Growth - Direct Plan

Growth
0.2645%1.59%1.13%93/176 (+6)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI ARBITRAGE OPPORTUNITIES FUND DIRECT PL GROWTH

Growth
0.2294%0.66%-0.04%66/222 (-38)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

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

Final
Final | Div/Share: ₹3.22

Dividend/Share

₹3.22

Ex DateEx Date

Jun 14, 2024

Cash Dividend

Ex DateEx DateJun 14, 2023

Final
Final | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Jun 14, 2023

Cash Dividend

Ex DateEx DateJun 15, 2022

Final
Final | Div/Share: ₹6.50

Dividend/Share

₹6.50

Ex DateEx Date

Jun 15, 2022

Cash Dividend

Ex DateEx DateJul 12, 2017

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Jul 12, 2017

Cash Dividend

Ex DateEx DateJun 25, 2015

Final
Final | Div/Share: ₹10.50

Dividend/Share

₹10.50

Ex DateEx Date

Jun 25, 2015

News & Opinions
Earnings
Canara Bank consolidated net profit rises 10.27% in the September 2024 quarter

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

5 days agoCapital Market - Live
Corporate
Canara Bank to table results

Canara Bank will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Canara Bank revises MCLRs across tenors

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

3 weeks agoCapital Market - Live
Spotlight
Canara Bank eases for fifth straight session

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

3 weeks agoCapital Market - Live
Corporate
Canara Bank to conduct EGM

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

1 month agoCapital Market - Live
Corporate
Canara Bank receives expected ratings for senior notes from Fitch Ratings

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

2 months agoCapital Market - Live
Spotlight
Canara Bank gains for fifth session

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

2 months agoCapital Market - Live
Spotlight
Canara Bank rises for third consecutive session

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

2 months agoCapital Market - Live
Corporate
Canara Bank receives affirmation in credit ratings from India Ratings and Research

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

2 months agoCapital Market - Live
Corporate
Canara Bank revises MCLRs

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

2 months agoCapital Market - Live