Canara Bank

Canara Bank

₹ 117 -0.42%
24 May - close price
About

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]

Key Points

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]

  • Market Cap 1,06,308 Cr.
  • Current Price 117
  • High / Low 127 / 58.3
  • Stock P/E 6.96
  • Book Value 86.0
  • Dividend Yield 2.75 %
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 16,598 17,068 17,336 17,982 18,227 18,537 20,482 22,561 24,304 25,451 27,290 28,492 29,286
Interest 10,725 10,627 10,791 10,761 10,856 11,396 12,681 13,622 15,292 16,337 17,934 18,620 19,226
10,926 10,446 11,066 8,386 10,824 9,382 11,326 10,831 12,253 10,990 10,859 12,001 13,198
Financing Profit -5,053 -4,004 -4,521 -1,165 -3,453 -2,241 -3,525 -1,891 -3,241 -1,876 -1,504 -2,129 -3,138
Financing Margin % -30% -23% -26% -6% -19% -12% -17% -8% -13% -7% -6% -7% -11%
6,694 5,951 6,540 3,506 6,292 5,202 6,876 5,777 7,470 6,809 6,602 7,138 8,098
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,641 1,947 2,019 2,341 2,839 2,961 3,351 3,886 4,229 4,933 5,098 5,009 4,960
Tax % 35% 44% 45% 30% 31% 30% 23% 25% 24% 28% 28% 25% 24%
1,224 1,191 1,194 1,712 2,061 2,193 2,730 3,058 3,364 3,755 3,829 3,827 3,991
EPS in Rs 1.45 1.50 1.45 1.83 2.12 2.40 2.98 3.34 3.68 4.12 4.19 4.18 4.36
Gross NPA % 8.94% 8.52% 8.44% 7.81% 7.51% 6.99% 6.37% 5.90% 5.35% 5.16% 4.76% 4.39% 4.23%
Net NPA % 3.82% 3.46% 3.21% 2.87% 2.65% 2.48% 2.19% 1.96% 1.73% 1.57% 1.41% 1.32% 1.27%
Raw PDF

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: 16%
3 Years: 58%
1 Year: 91%
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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.33% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93% 62.93%
3.92% 5.57% 7.62% 8.48% 7.97% 8.44% 8.74% 8.95% 8.91% 10.19% 11.21% 10.57%
12.35% 14.67% 13.83% 13.61% 13.82% 15.34% 16.60% 16.20% 15.93% 14.91% 14.29% 14.39%
14.40% 16.83% 15.62% 14.97% 15.27% 13.28% 11.72% 11.92% 12.21% 11.96% 11.55% 12.10%
No. of Shareholders 6,09,8895,89,1206,42,6466,39,1366,76,4876,47,8646,16,0246,29,4446,35,5566,38,4016,44,7707,59,083

* 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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