Canara Bank
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 ₹ 55,821 Cr.
- Current Price ₹ 308
- High / Low ₹ 342 / 172
- Stock P/E 4.96
- Book Value ₹ 386
- Dividend Yield 2.11 %
- ROCE 5.61 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.80 times its book value
- Company has delivered good profit growth of 37.5% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.8% over last 3 years.
- Contingent liabilities of Rs.4,10,277 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.25,325 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
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Revenue | 30,816 | 34,070 | 39,570 | 43,813 | 44,039 | 41,457 | 41,345 | 47,951 | 49,759 | 70,253 | 70,614 | 85,885 |
Interest | 23,159 | 26,198 | 30,606 | 34,133 | 34,263 | 31,540 | 29,113 | 32,339 | 35,817 | 45,182 | 43,035 | 52,990 |
6,535 | 7,217 | 9,636 | 10,302 | 17,785 | 15,691 | 25,582 | 27,202 | 26,809 | 43,437 | 41,235 | 43,793 | |
Financing Profit | 1,121 | 655 | -672 | -621 | -8,008 | -5,775 | -13,350 | -11,590 | -12,867 | -18,367 | -13,657 | -10,898 |
Financing Margin % | 4% | 2% | -2% | -1% | -18% | -14% | -32% | -24% | -26% | -26% | -19% | -13% |
3,105 | 3,308 | 4,144 | 4,733 | 5,266 | 7,852 | 7,398 | 9,907 | 11,799 | 23,086 | 23,643 | 25,325 | |
Depreciation | 159 | 191 | 230 | 429 | 172 | 331 | 456 | 429 | 446 | 838 | 841 | 0 |
Profit before tax | 4,066 | 3,771 | 3,242 | 3,683 | -2,914 | 1,746 | -6,408 | -2,111 | -1,514 | 3,882 | 9,145 | 14,427 |
Tax % | 20% | 22% | 20% | 22% | 13% | 29% | 36% | 126% | -34% | 30% | 37% | 25% |
Net Profit | 3,306 | 2,995 | 2,672 | 2,931 | -2,535 | 1,411 | -3,873 | 696 | -1,921 | 2,957 | 6,158 | 11,345 |
EPS in Rs | 68.58 | 60.94 | 51.84 | 54.81 | -43.65 | 22.74 | -53.89 | 7.99 | -19.28 | 17.55 | 33.76 | 62.04 |
Dividend Payout % | 15% | 19% | 19% | 17% | 0% | 4% | 0% | 0% | 0% | 0% | 19% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 20% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 37% |
3 Years: | 99% |
TTM: | 84% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 4% |
3 Years: | 54% |
1 Year: | 50% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 11% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
443 | 443 | 461 | 475 | 543 | 597 | 733 | 753 | 1,030 | 1,647 | 1,814 | ||
Reserves | 22,600 | 24,733 | 29,715 | 32,017 | 31,867 | 34,088 | 36,164 | 36,936 | 40,176 | 60,763 | 68,147 | |
342,508 | 376,040 | 447,913 | 499,488 | 506,712 | 534,858 | 563,756 | 640,166 | 668,170 | 1,060,998 | 1,132,626 | ||
13,531 | 18,108 | 23,000 | 26,578 | 24,603 | 26,615 | 30,781 | 33,928 | 32,064 | 56,132 | 55,076 | ||
Total Liabilities | 379,083 | 419,324 | 501,090 | 558,558 | 563,725 | 596,159 | 631,435 | 711,783 | 741,440 | 1,179,540 | 1,257,664 | |
2,885 | 2,883 | 6,661 | 6,969 | 7,206 | 7,185 | 8,335 | 8,433 | 8,323 | 11,269 | 11,447 | ||
CWIP | 3 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | |
Investments | 106,497 | 127,534 | 135,445 | 152,122 | 152,470 | 162,073 | 157,444 | 168,678 | 192,645 | 286,191 | 311,347 | |
269,699 | 288,907 | 358,982 | 399,466 | 404,049 | 426,901 | 465,657 | 534,672 | 540,472 | 882,077 | 934,867 | ||
Total Assets | 379,083 | 419,324 | 501,090 | 558,558 | 563,725 | 596,159 | 631,435 | 711,783 | 741,440 | 1,179,540 | 1,257,664 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-660 | 8,010 | 14,244 | 6,344 | 9,346 | 2,575 | -11,120 | 18,237 | -5,289 | 59,118 | 919 | -39,978 | |
-308 | -435 | -380 | -1,104 | -443 | -476 | -487 | -745 | -445 | -1,116 | -1,429 | -1,238 | |
-1,556 | -1,043 | -3,771 | -1,464 | -806 | 124 | 2,865 | -1,185 | 7,792 | 290 | 4,035 | 445 | |
Net Cash Flow | -2,525 | 6,532 | 10,092 | 3,776 | 8,096 | 2,224 | -8,743 | 16,307 | 2,059 | 58,291 | 3,525 | -40,770 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 15% | 12% | 10% | 9% | -8% | 4% | -11% | 2% | -5% | 6% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 May - As a measure of good corporate governance, a newspaper advertisement on communication to Shareholders regarding deduction of tax at source on dividend in terms of …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 May - Copies of Newspaper Publication for 21st AGM notice to shareholders published in Financial Express (English), Indian Express (English), Jan Satta (Hindi) and Kannad Prabha (Kannada)
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
16 May - In furtherance to our above mentioned letter, please find the additional details as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 as enclosed.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 May - With reference to above and pursuant to the applicable provisions of SEBI (LODR) Regulations, 2015, we herewith enclose the transcript of post results Earnings conference …
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
12 May - In exercise of powers vested in Reserve Bank of India (RBI) under the provisions of section 47 A (1) (c) read with section 46 (4) …
Annual reports
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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 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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Oct 2021Transcript PPT
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Nov 2020Transcript PPT
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Oct 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Jan 2017TranscriptNotesPPT
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]