Canara Bank

About [ edit ]

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.#

Key Points [ edit ]
  • Market Cap 23,762 Cr.
  • Current Price 144
  • High / Low 175 / 75.8
  • Stock P/E
  • Book Value 250
  • Dividend Yield 0.00 %
  • ROCE 4.95 %
  • ROE -5.04 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.58 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.58% over past five years.
  • Company has a low return on equity of -4.74% for last 3 years.
  • Contingent liabilities of Rs.409652.77 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.19285.37 Cr.
  • Promoter holding has decreased over last 3 years: -3.22%

Peer comparison

Sector: Banks Industry: Banks - Public Sector

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 11,688 11,016 12,513 12,733 12,516 12,500 12,494 12,249 18,251 17,934 17,452
Interest 7,478 7,845 8,378 8,638 8,962 9,323 8,802 8,730 11,942 11,388 11,128
6,227 6,041 5,821 9,542 5,682 5,636 6,118 9,818 10,285 10,645 12,258
Financing Profit -2,017 -2,870 -1,686 -5,446 -2,128 -2,459 -2,426 -6,299 -3,976 -4,098 -5,934
Financing Margin % -17% -26% -13% -43% -17% -20% -19% -51% -22% -23% -34%
Other Income 2,401 2,422 2,112 2,972 2,716 3,009 3,038 3,036 4,463 4,747 7,039
Depreciation -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit before tax 384 -448 426 -2,474 588 550 612 -3,263 487 648 1,105
Tax % 18% 180% 16% 81% 36% 26% 34% 2% 11% 28% 33%
Net Profit 341 368 385 -491 383 443 398 -3,210 479 466 750
EPS in Rs 4.65 5.02 5.24 -6.52 5.09 5.88 3.86 -31.16 3.29 3.21 4.55
Gross NPA % 11.08% 10.60% 10.28% 8.87% 8.80% 8.71% 8.40% 8.24% 8.87% 8.26% 7.48%
Net NPA % 6.91% 6.54% 6.37% 5.37% 5.35% 5.15% 5.05% 4.23% 3.95% 3.42% 2.65%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 17,129 18,756 23,001 30,816 34,070 39,570 43,813 44,039 41,457 41,345 47,951 49,759 65,886
Interest 12,418 13,081 15,239 23,159 26,198 30,606 34,133 34,263 31,540 29,113 32,339 35,817 43,188
4,597 4,795 5,544 6,535 7,217 9,636 10,302 17,784 15,691 25,578 27,199 26,807 43,006
Financing Profit 113 880 2,218 1,121 655 -672 -621 -8,007 -5,775 -13,345 -11,587 -12,866 -20,308
Financing Margin % 1% 5% 10% 4% 2% -2% -1% -18% -14% -32% -24% -26% -31%
Other Income 2,469 2,932 2,833 3,105 3,308 4,144 4,733 5,266 7,852 7,393 9,904 11,798 19,285
Depreciation 190 181 154 159 191 230 429 172 331 456 429 446 0
Profit before tax 2,392 3,631 4,898 4,066 3,771 3,242 3,683 -2,914 1,746 -6,408 -2,111 -1,514 -1,023
Tax % 21% 23% 21% 20% 22% 20% 22% 13% 29% 36% 126% -34%
Net Profit 2,042 3,000 4,034 3,342 2,970 2,630 2,865 -2,607 1,358 -3,951 602 -1,986 -1,515
EPS in Rs 45.28 66.51 82.79 68.58 60.94 51.84 54.81 -43.65 22.74 -53.89 7.99 -19.28 -20.11
Dividend Payout % 16% 14% 12% 15% 19% 19% 17% -0% 4% -0% -0% -0%
Compounded Sales Growth
10 Years:10%
5 Years:3%
3 Years:6%
TTM:31%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-307%
Stock Price CAGR
10 Years:-13%
5 Years:-5%
3 Years:-18%
1 Year:81%
Return on Equity
10 Years:3%
5 Years:-4%
3 Years:-5%
Last Year:-5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
410 410 443 443 443 461 475 543 597 733 753 1,030
Reserves 12,171 14,612 19,959 22,600 24,733 29,715 32,017 31,867 34,088 36,164 36,936 40,176
Borrowings 200,722 242,992 307,553 342,508 376,040 447,913 499,488 506,712 534,858 563,756 640,166 668,170
7,150 8,511 11,211 13,531 18,108 23,000 26,578 24,603 26,615 30,781 33,928 32,064
Total Liabilities 220,452 266,525 339,166 379,083 419,324 501,090 558,558 563,725 596,159 631,435 711,783 741,440
2,991 2,915 2,883 2,885 2,883 6,661 6,969 7,206 7,185 8,335 8,433 8,323
CWIP 7 17 1 3 1 1 1 0 -0 -0 -0 -0
Investments 58,425 71,120 86,499 106,497 127,534 135,445 152,122 152,470 162,073 157,444 168,678 192,645
159,029 192,473 249,782 269,699 288,907 358,982 399,466 404,049 426,901 465,657 534,672 540,472
Total Assets 220,452 266,525 339,166 379,083 419,324 501,090 558,558 563,725 596,159 631,435 711,783 741,440

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-1,107 3,574 9,645 -660 8,010 14,244 6,344 9,346 2,575 -11,120 18,237 -5,288
-265 -162 -198 -308 -435 -380 -1,104 -443 -476 -487 -745 -445
-24 -416 1,602 -1,556 -1,043 -3,771 -1,464 -806 124 2,865 -1,185 7,792
Net Cash Flow -1,396 2,996 11,049 -2,525 6,532 10,092 3,776 8,096 2,224 -8,743 16,307 2,059

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 18% 22% 23% 15% 12% 10% 9% -8% 4% -11% 2% -5%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
72.55 72.55 72.55 70.62 70.62 70.62 78.52 78.52 78.55 78.55 69.33 69.33
5.15 4.81 4.67 4.26 4.23 4.50 2.98 3.31 2.63 2.29 4.48 4.59
16.90 17.10 17.55 17.65 17.65 16.55 12.37 11.02 9.37 8.90 11.96 12.60
5.40 5.54 5.24 7.47 7.50 8.33 6.13 7.15 9.45 10.27 14.23 13.48

Documents