Canara Bank
Canara Bank is the fourth largest Public sector bank after SBI ,PNB & BOB .Pre dominantly a South India based bank ,the bank is known for its Strong business base in South India with main focus on Gold & Agri Loans. It is the second largest Gold Loan portfolio based bank after SBI .Canara Bank was founded in 1906 in Mangalore. Its segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations. It has completed over a century in the industry and occupies a premier position in the comity of Indian banks.[1]
- Market Cap ₹ 1,07,034 Cr.
- Current Price ₹ 118
- High / Low ₹ 127 / 58.3
- Stock P/E 7.01
- Book Value ₹ 86.0
- Dividend Yield 2.73 %
- ROCE 7.00 %
- ROE 19.6 %
- Face Value ₹ 2.00
Pros
- 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.3,15,633 Cr.
- Earnings include an other income of Rs.28,646 Cr.
- Promoter holding has decreased over last 3 years: -6.40%
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
7,217 | 9,636 | 10,302 | 17,785 | 15,691 | 25,582 | 27,202 | 26,809 | 43,437 | 41,235 | 42,772 | 47,048 | |
Financing Profit | 655 | -672 | -621 | -8,008 | -5,775 | -13,350 | -11,590 | -12,867 | -18,367 | -13,657 | -9,877 | -8,647 |
Financing Margin % | 2% | -2% | -1% | -18% | -14% | -32% | -24% | -26% | -26% | -19% | -12% | -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 | |
Depreciation | 191 | 230 | 429 | 172 | 331 | 456 | 429 | 446 | 838 | 841 | 1,021 | 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 |
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 | |
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 |
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: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 91% |
3 Years: | 75% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 17% |
3 Years: | 53% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | 15% |
Last Year: | 20% |
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 | |
Reserves | 24,733 | 29,715 | 32,017 | 31,867 | 34,088 | 36,164 | 36,936 | 40,176 | 60,763 | 68,147 | 76,240 | |
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 | ||
18,108 | 23,000 | 26,578 | 24,603 | 26,615 | 30,781 | 33,928 | 32,064 | 56,132 | 56,202 | 65,816 | ||
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 | |
2,883 | 6,661 | 6,969 | 7,206 | 7,185 | 8,335 | 8,433 | 8,323 | 11,269 | 11,447 | 10,334 | ||
CWIP | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | |
Investments | 127,534 | 135,445 | 152,122 | 152,470 | 162,073 | 157,444 | 168,678 | 192,645 | 286,191 | 311,347 | 352,893 | |
288,907 | 358,982 | 399,466 | 404,049 | 426,901 | 465,657 | 534,672 | 540,472 | 882,077 | 935,992 | 1,017,803 | ||
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 |
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 | -1,748 | |
-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 | 9,464 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Annual General Meeting of the Bank - Publication of Notice in Newspapers
- Business Responsibility and Sustainability Reporting (BRSR) 1d
- Reg. 34 (1) Annual Report. 1d
- Notice Of The 22Nd Annual General Meeting (AGM) - 28.06.2024 1d
- Disclosure With Regard To Subsidiary Company 2d
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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May 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Jan 2017TranscriptNotesPPT
Ratios as of Q2FY24
Capital Adequacy Ratio - 13.69%[1]
Net Interest Margin - 2.80%[2]
Gross NPA - 4.76%
Net NPA - 1.41%[3]
CASA Ratio - 33.41%[4]