Canara Bank

₹ 291 -4.92%
27 Jan - close price
canarabank.com BSE: 532483 NSE : CANBK
About

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]

Key Points

Ratios
Capital Adequacy Ratio - 13.69%[1]
Net Interest Margin - 2.80%[2]
Gross NPA - 7.46%
Net NPA - 2.64%[3]
CASA Ratio - 33.41%[4]

Website BSE NSE
  • Market Cap ₹ 52,791 Cr.
  • Current Price ₹ 291
  • High / Low ₹ 342 / 172
  • Stock P/E 5.80
  • Book Value ₹ 364
  • Dividend Yield 2.23 %
  • ROCE 4.48 %
  • ROE 9.06 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.80 times its book value
  • Company has delivered good profit growth of 38.3% CAGR over last 5 years
  • Company's working capital requirements have reduced from 98.2 days to 56.9 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has a low return on equity of 3.99% over last 3 years.
  • Contingent liabilities of Rs.409,944 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.18,449 Cr.
  • Promoter holding has decreased over last 3 years: -15.6%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Revenue 12,295 12,047 18,036 17,690 17,212 16,337 16,784 17,064 17,701 17,862 18,177 20,107 22,231
Interest 8,860 8,729 11,940 11,386 11,125 10,726 10,625 10,790 10,756 10,856 11,392 12,673 13,631
4,610 8,828 8,287 8,785 9,183 8,746 8,293 8,298 6,999 8,974 9,044 8,990 8,756
Financing Profit -1,175 -5,509 -2,191 -2,480 -3,097 -3,135 -2,134 -2,024 -54 -1,968 -2,259 -1,557 -156
Financing Margin % -10% -46% -12% -14% -18% -19% -13% -12% -0% -11% -12% -8% -1%
1,707 2,175 2,650 3,103 4,153 4,703 4,156 4,268 2,257 4,462 5,175 4,825 3,986
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax 531 -3,335 459 623 1,057 1,568 2,022 2,243 2,203 2,493 2,916 3,269 3,831
Tax % 38% 2% 12% 29% 34% 36% 42% 41% 32% 33% 31% 23% 25%
Net Profit 330 -3,259 406 444 696 1,011 1,177 1,333 1,502 1,666 2,022 2,525 2,882
EPS in Rs 3.20 -31.64 2.79 3.06 4.23 6.14 7.15 7.35 8.28 9.18 11.15 13.92 15.88
Gross NPA % 8.36% 8.21% 8.84% 8.23% 7.46% 8.93% 8.50% 8.42% 7.80% 7.51% 6.98% 6.37% 5.89%
Net NPA % 5.05% 4.22% 3.95% 3.42% 2.64% 3.82% 3.46% 3.21% 2.86% 2.65% 2.48% 2.19% 1.96%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Revenue 22,940 30,851 34,078 39,548 43,750 44,022 41,388 41,252 46,810 48,935 69,280 69,410 78,377
Interest 15,241 23,161 26,199 30,603 34,086 34,259 31,516 29,089 32,332 35,811 45,178 43,026 48,552
5,334 6,377 7,170 9,586 10,289 17,654 15,457 25,222 22,964 22,260 34,500 33,104 35,764
Financing Profit 2,365 1,312 709 -641 -626 -7,891 -5,585 -13,059 -8,486 -9,137 -10,397 -6,720 -5,940
Financing Margin % 10% 4% 2% -2% -1% -18% -13% -32% -18% -19% -15% -10% -8%
2,812 2,928 3,153 3,933 4,550 4,875 7,554 6,943 6,575 7,813 14,924 16,497 18,449
Depreciation 151 157 190 228 427 170 328 445 417 432 820 816 0
Profit before tax 5,026 4,083 3,672 3,063 3,498 -3,186 1,642 -6,561 -2,327 -1,756 3,707 8,962 12,509
Tax % 20% 20% 22% 20% 23% 12% 32% 36% 115% -27% 31% 37%
Net Profit 4,026 3,283 2,872 2,438 2,703 -2,813 1,122 -4,222 347 -2,236 2,558 5,678 9,095
EPS in Rs 82.62 67.37 58.94 48.05 51.70 -47.09 18.78 -57.58 4.61 -21.70 15.53 31.30 50.13
Dividend Payout % 12% 15% 20% 21% 18% -0% 5% -0% -0% -0% -0% 21%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 14%
TTM: 15%
Compounded Profit Growth
10 Years: 6%
5 Years: 38%
3 Years: 153%
TTM: 53%
Stock Price CAGR
10 Years: -4%
5 Years: -3%
3 Years: 13%
1 Year: 22%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 4%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
443 443 443 461 475 543 597 733 753 1,030 1,647 1,814
Reserves 19,597 22,247 24,435 29,159 31,384 31,060 33,088 34,872 35,424 38,263 57,238 64,297
307,698 342,579 376,139 447,953 499,512 506,665 534,779 563,580 640,026 668,113 1,060,858 1,132,694
8,207 8,891 11,325 14,348 16,630 14,693 15,055 17,701 18,564 16,469 33,932 28,174
Total Liabilities 335,945 374,160 412,343 491,922 548,001 552,961 583,519 616,886 694,767 723,875 1,153,675 1,226,980
2,844 2,858 2,863 6,642 6,949 7,198 7,168 8,319 8,410 8,276 11,204 11,354
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 2 2
Investments 83,636 102,057 121,133 126,828 142,061 142,309 150,266 144,054 152,985 176,245 261,690 282,013
249,464 269,245 288,347 358,452 398,990 403,453 426,085 464,514 533,371 539,354 880,778 933,610
Total Assets 335,945 374,160 412,343 491,922 548,001 552,961 583,519 616,886 694,767 723,875 1,153,675 1,226,980

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8,527 -832 8,434 9,535 4,547 6,078 2,316 -11,504 17,886 -5,459 58,533 268
-73 -142 -261 -501 -875 -317 -348 -274 -461 -277 -666 -657
2,601 -1,555 -1,638 1,079 140 2,331 124 2,865 -1,185 7,855 284 4,035
Net Cash Flow 11,055 -2,529 6,535 10,114 3,812 8,093 2,092 -8,913 16,240 2,119 58,151 3,646

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 23% 15% 12% 9% 9% -9% 3% -12% 1% -6% 5% 9%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
78.52 78.55 78.55 69.33 69.33 69.33 62.93 62.93 62.93 62.93 62.93 62.93
3.31 2.63 2.29 4.48 4.59 3.92 5.57 7.62 8.48 7.97 8.44 8.74
11.02 9.37 8.90 11.96 12.60 12.35 14.67 13.83 13.61 13.82 15.34 16.60
7.15 9.45 10.27 14.23 13.48 14.40 16.83 15.62 14.97 15.27 13.28 11.72

* 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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