Canara Bank

₹ 327 -0.52%
25 Nov - close price
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]

  • Market Cap 59,295 Cr.
  • Current Price 327
  • High / Low 334 / 172
  • Stock P/E 6.33
  • Book Value 386
  • Dividend Yield 1.99 %
  • ROCE 4.49 %
  • ROE 9.23 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.85 times its book value
  • Company has delivered good profit growth of 35.1% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.2% over past five years.
  • Company has a low return on equity of 4.48% over last 3 years.
  • Contingent liabilities of Rs.410,277 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.21,876 Cr.
  • Promoter holding has decreased over last 3 years: -7.69%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Revenue 12,500 12,494 12,249 18,251 17,942 17,457 16,598 17,068 17,336 17,982 18,227 18,537 20,482
Interest 9,323 8,802 8,730 11,942 11,388 11,128 10,725 10,627 10,791 10,761 10,856 11,396 12,681
5,636 6,118 9,818 10,285 10,602 12,143 10,926 10,446 11,066 8,386 10,824 9,382 11,326
Financing Profit -2,459 -2,426 -6,299 -3,976 -4,047 -5,814 -5,053 -4,004 -4,521 -1,165 -3,453 -2,241 -3,525
Financing Margin % -20% -19% -51% -22% -23% -33% -30% -23% -26% -6% -19% -12% -17%
3,009 3,038 3,036 4,463 4,696 6,919 6,694 5,951 6,540 3,506 6,292 5,202 6,876
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 550 612 -3,263 487 648 1,105 1,641 1,947 2,019 2,341 2,839 2,961 3,351
Tax % 26% 34% 2% 11% 28% 33% 35% 44% 45% 30% 31% 30% 23%
Net Profit 462 424 -3,207 487 480 766 1,224 1,191 1,194 1,712 2,061 2,193 2,730
EPS in Rs 5.88 3.86 -31.16 3.29 3.21 4.55 7.26 7.50 7.25 9.13 10.58 12.02 14.91
Gross NPA % 8.71% 8.40% 8.24% 8.87% 8.26% 7.48% 8.94% 8.52% 8.44% 7.81% 7.51% 6.99% 6.37%
Net NPA % 5.15% 5.05% 4.23% 3.95% 3.42% 2.65% 3.82% 3.46% 3.21% 2.87% 2.65% 2.48% 2.19%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 23,001 30,816 34,070 39,570 43,813 44,039 41,457 41,345 47,951 49,759 70,253 70,614 75,229
Interest 15,239 23,159 26,198 30,606 34,133 34,263 31,540 29,113 32,339 35,817 45,182 43,035 45,694
5,548 6,535 7,217 9,636 10,302 17,785 15,691 25,582 27,202 26,809 43,437 41,235 39,919
Financing Profit 2,214 1,121 655 -672 -621 -8,008 -5,775 -13,350 -11,590 -12,867 -18,367 -13,657 -10,384
Financing Margin % 10% 4% 2% -2% -1% -18% -14% -32% -24% -26% -26% -19% -14%
2,838 3,105 3,308 4,144 4,733 5,266 7,852 7,398 9,907 11,799 23,086 23,643 21,876
Depreciation 154 159 191 230 429 172 331 456 429 446 838 841 0
Profit before tax 4,898 4,066 3,771 3,242 3,683 -2,914 1,746 -6,408 -2,111 -1,514 3,882 9,145 11,492
Tax % 21% 20% 22% 20% 22% 13% 29% 36% 126% -34% 30% 37%
Net Profit 3,949 3,306 2,995 2,672 2,931 -2,535 1,411 -3,873 696 -1,921 2,957 6,158 8,696
EPS in Rs 82.79 68.58 60.94 51.84 54.81 -43.65 22.74 -53.89 7.99 -19.28 17.55 33.76 46.64
Dividend Payout % 12% 15% 19% 19% 17% 0% 4% 0% 0% 0% 0% 19%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 14%
TTM: 10%
Compounded Profit Growth
10 Years: 6%
5 Years: 35%
3 Years: 116%
TTM: 116%
Stock Price CAGR
10 Years: -3%
5 Years: -3%
3 Years: 12%
1 Year: 61%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 4%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 19,959 22,600 24,733 29,715 32,017 31,867 34,088 36,164 36,936 40,176 60,763 68,147
307,553 342,508 376,040 447,913 499,488 506,712 534,858 563,756 640,166 668,170 1,060,998 1,132,626
11,211 13,531 18,108 23,000 26,578 24,603 26,615 30,781 33,928 32,064 56,132 55,076
Total Liabilities 339,166 379,083 419,324 501,090 558,558 563,725 596,159 631,435 711,783 741,440 1,179,540 1,257,664
2,883 2,885 2,883 6,661 6,969 7,206 7,185 8,335 8,433 8,323 11,269 11,447
CWIP 1 3 1 1 1 0 0 0 0 0 2 2
Investments 86,499 106,497 127,534 135,445 152,122 152,470 162,073 157,444 168,678 192,645 286,191 311,347
249,782 269,699 288,907 358,982 399,466 404,049 426,901 465,657 534,672 540,472 882,077 934,867
Total Assets 339,166 379,083 419,324 501,090 558,558 563,725 596,159 631,435 711,783 741,440 1,179,540 1,257,664

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9,645 -660 8,010 14,244 6,344 9,346 2,575 -11,120 18,237 -5,289 59,118 919
-198 -308 -435 -380 -1,104 -443 -476 -487 -745 -445 -1,116 -1,429
1,602 -1,556 -1,043 -3,771 -1,464 -806 124 2,865 -1,185 7,792 290 4,035
Net Cash Flow 11,049 -2,525 6,532 10,092 3,776 8,096 2,224 -8,743 16,307 2,059 58,291 3,525

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 22% 15% 12% 10% 9% -8% 4% -11% 2% -5% 6% 9%

Shareholding Pattern

Numbers in percentages

10 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
78.52 78.52 78.55 78.55 69.33 69.33 69.33 62.93 62.93 62.93 62.93 62.93
2.98 3.31 2.63 2.29 4.48 4.59 3.92 5.57 7.62 8.48 7.97 8.44
12.37 11.02 9.37 8.90 11.96 12.60 12.35 14.67 13.83 13.61 13.82 15.34
6.13 7.15 9.45 10.27 14.23 13.48 14.40 16.83 15.62 14.97 15.27 13.28

Documents

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