Canara Bank Ltd’s fundamental analysis highlights key financial metrics including market capitalization of ₹95,477.68 crore, PE ratio of 6.25, and return on equity of 17.76%. These figures reflect the company’s financial health and current market valuation. The debt-to-equity ratio is not provided.
Content:
- Canara Bank Ltd Overview
- Canara Bank Financial Results
- Canara Bank Financial Analysis
- Canara Bank Company Metrics
- Canara Bank Stock Performance
- Canara Bank Peer Comparison
- Canara Bank Shareholding Pattern
- Canara Bank History
- How To Invest In Canara Bank Ltd Share?
- Canara Bank Limited Fundamental Analysis – FAQs
Canara Bank Ltd Overview
Canara Bank Ltd is a major Indian public sector bank. It operates in the banking and financial services sector, offering a wide range of personal and corporate banking products and services.
The company has a market capitalization of ₹95,477.68 crore and is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, the stock is trading 22.46% below its 52-week high and 64.86% above its 52-week low.
Canara Bank Financial Results
Canara Bank Ltd showed substantial growth from FY 22 to FY 24, with total income rising from ₹94,257 crores to ₹1,39,165 crores and net profit increasing from ₹6,158 crores to ₹15,401 crores. The bank maintained a stable NIM of 3% over the years.
1. Revenue Trend: Total income increased from ₹94,257 crores in FY 22 to ₹1,11,210 crores in FY 23, and further to ₹1,39,165 crores in FY 24, indicating strong revenue growth.
2. Equity and Liabilities: Detailed equity and liabilities aren’t provided, but total expenses rose from ₹70,959 crores in FY 22 to ₹1,09,454 crores in FY 24, suggesting increased operational scale and possible liabilities.
3. Profitability: Pre-Provisioning Operating Profit (PPOP) grew from ₹23,298 crores in FY 22 to ₹27,974 crores in FY 23, and further to ₹29,710 crores in FY 24, with the PPOP margin slightly fluctuating but remaining robust.
4. Earnings per Share (EPS): EPS increased from ₹35 in FY 22 to ₹62 in FY 23, and further to ₹84 in FY 24, reflecting strong profit growth per share.
5. Return on Net Worth (RoNW): While RoNW isn’t directly mentioned, the increasing net profit from ₹6,158 crores in FY 22 to ₹15,401 crores in FY 24 suggests a positive impact on RoNW, indicating better returns on shareholders’ equity.
6. Financial Position: The bank’s financial position strengthened with Net Interest Income (NII) increasing from ₹27,578 crores in FY 22 to ₹38,401 crores in FY 24, maintaining a stable NIM of 3%, showcasing robust financial health and management.
Canara Bank Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Total Income | 1,39,165 | 1,11,210 | 94,257 |
| Total Expenses | 1,09,454 | 83,235 | 70,959 |
| Pre-Provisioning Operating Profit | 29,710 | 27,974 | 23,298 |
| PPOP Margin (%) | 21.35 | 25.15 | 24.72 |
| Provisions and Contingencies | 9,711 | 13,548 | 14,153 |
| Profit Before Tax | 20,000 | 14,427 | 9,145 |
| Tax % | 26.09 | 25.08 | 36.63 |
| Net Profit | 15,401 | 11,345 | 6,158 |
| EPS | 84 | 62 | 35 |
| Net Interest Income | 38,401 | 32,895 | 27,578 |
| NIM (%) | 3 | 3 | 3 |
* Consolidated Figures in Rs. Crores
Canara Bank Company Metrics
Canara Bank’s market capitalization is ₹95,477.68 crore, with a book value of ₹102 per share and a face value of ₹2 per share. The asset turnover ratio is 0.1, ROE is 17.76%, quarterly EBITDA is ₹5,422.03 crore, and dividend yield is 3.06%.
Market Capitalization:
Market Capitalization represents the total market value of Canara Bank’s outstanding shares, amounting to ₹95,477.68 crore.
Book Value:
The book value per share of Canara Bank Ltd is ₹102 indicating the value of the company’s net assets divided by its shares outstanding.
Face Value:
The face value of Canara Bank’s shares is ₹2, which is the nominal value of each share as stated on the share certificate.
Asset Turnover Ratio:
The Asset Turnover Ratio of 0.1 measures how efficiently Canara Bank uses its assets to generate sales revenue or sales income.
Total Debt:
The Total Debt information is not provided in the given data.
Return on Equity (ROE):
The ROE of 17.76% measures Canara Bank’s profitability by revealing how much profit the company generates with the money shareholders have invested.
EBITDA (Q):
The quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Canara Bank is ₹5,422.03 crore, indicating the company’s operating performance.
Dividend Yield:
The dividend yield of 3.06% shows the annual dividend payment as a percentage of Canara Bank’s current share price, indicating the return on investment from dividends alone.
Canara Bank Stock Performance
Canara Bank Ltd delivered strong returns with 55.0% in one year, 49.4% over three years, and 18.1% over five years, indicating substantial growth potential. This performance reflects the bank’s ability to generate significant returns for investors.
| Period | Return on Investment (%) |
| 1 Year | 55.0 |
| 3 Years | 49.4 |
| 5 Years | 18.1 |
Example: If an investor had invested ₹1,000 in Canara Bank Ltd stock:
1 year ago, their investment would be worth ₹1,550.
3 years ago, their investment would have grown to ₹1,494.
5 years ago, their investment would have increased to approximately ₹1,181.
Canara Bank Peer Comparison
Canara Bank Ltd, with a CMP of ₹106.15 and a P/E ratio of 6.15, has a market cap of ₹96,284.93 Crores and a one-year return of 55.03%. In comparison, the Indian Overseas Bank delivered the highest one-year return of 126.91%, while the State Bank of India achieved 39.19%, showcasing varied performances among peers.
| Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | 1Yr return % | Vol 1d | 1mth return % | From 52w high | Down % | 6mth return % |
| State Bank of India | 805.2 | 9.92 | 718609.78 | 39.19 | 18483450 | -6.84 | 0.88 | 11.72 | 9.99 |
| Punjab Natl.Bank | 114.7 | 10.69 | 126296.4 | 83.12 | 29540991 | -6.22 | 0.8 | 19.73 | -8.14 |
| Bank of Baroda | 239.8 | 6.51 | 124009.29 | 22.92 | 23700449 | -8.71 | 0.8 | 19.99 | -9.11 |
| I O B | 60.69 | 41.14 | 114718.75 | 126.91 | 15454484 | -3.06 | 0.72 | 27.58 | -15.43 |
| Canara Bank | 106.15 | 6.15 | 96284.93 | 55.03 | 19477270 | -8.58 | 0.82 | 17.94 | -8.03 |
| Union Bank (I) | 123.65 | 6.66 | 94389.5 | 36.22 | 11246233 | -7.89 | 0.72 | 28.32 | -17.55 |
| Indian Bank | 561.9 | 8.25 | 75685.88 | 44 | 1875233 | 7.39 | 0.89 | 11.19 | 6.35 |
Canara Bank Shareholding Pattern
Canara Bank Ltd’s shareholding pattern remained stable from December 2023 to June 2024, with promoters holding 62.93%. FII holdings increased from 11.21% to 11.91%, while DII holdings decreased from 14.29% to 11.19%. Retail and others’ share increased from 11.55% to 13.94%.
| Jun-24 | Mar-24 | Dec-23 | |
| Promoters | 62.93 | 62.93 | 62.93 |
| FII | 11.91 | 10.57 | 11.21 |
| DII | 11.19 | 14.39 | 14.29 |
| Retail & others | 13.94 | 12.1 | 11.55 |
Canara Bank History
Canara Bank Limited is a prominent Indian bank with a diverse range of financial services. The bank operates through several key segments, including Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operations, and Other Banking Operations. This segmentation allows Canara Bank to cater to various customer needs effectively.
The bank’s product portfolio is extensive, covering both personal and corporate banking services. In personal banking, Canara Bank offers depository services, mutual funds, retail loan products, and card services, among others. The corporate banking segment provides accounts and deposits, supply chain finance management, and syndication services, catering to the needs of businesses.
Canara Bank also plays a significant role in financial inclusion initiatives. It provides basic savings deposit accounts to unbanked rural populations, along with PMJDY Overdraft Facilities. The bank offers various credit facilities under schemes like the Kisan Credit Card Scheme, demonstrating its commitment to serving diverse customer segments, including rural and underbanked populations.
How To Invest In Canara Bank Ltd Share?
To invest in Canara Bank Ltd shares, start by opening a demat account with Alice Blue. Complete the necessary KYC process and fund your account with the desired investment amount.
Research the bank’s fundamentals, financial performance, and market trends before making an investment decision. Use the trading platform provided by the broker to place a buy order for Canara Bank shares at your preferred price.
Monitor your investment regularly and stay informed about bank news and market developments. Consider setting up a systematic investment plan (SIP) for long-term investing in the stock if it aligns with your financial goals.
Canara Bank Limited Fundamental Analysis – FAQs
Fundamental analysis of Canara Bank examines key financial metrics: Market Cap (₹95,477.68 crore), PE Ratio (6.25), and Return on Equity (17.76%). These indicators provide insights into the bank’s financial health, market valuation, and profitability. The debt-to-equity ratio is not provided, which is an important consideration for banking stocks.
The market capitalization of Canara Bank Ltd is ₹95,477.68 crore. This figure represents the total value of the bank’s outstanding shares in the stock market, calculated by multiplying the current share price by the total number of shares outstanding.
Canara Bank Limited is a major Indian public sector bank. It offers a wide range of banking and financial services including personal banking, corporate banking, treasury operations, and life insurance. The bank serves diverse customer segments and plays a significant role in India’s financial inclusion initiatives.
Canara Bank is a public sector bank, primarily owned by the Government of India. While the government holds a majority stake, it’s a publicly listed company with multiple shareholders. The bank is managed by a board of directors appointed in accordance with banking regulations.
The main shareholders of Canara Bank include the Government of India as the majority stakeholder, along with institutional investors (both domestic and foreign), mutual funds, and public shareholders. For the most current and accurate shareholding information, refer to the latest pattern disclosed by the bank.
Canara Bank operates in the banking and financial services industry. As a public sector bank, it plays a crucial role in India’s financial ecosystem, offering a wide range of services including retail banking, corporate banking, treasury operations, and financial inclusion initiatives.
To invest in Canara Bank shares, open a demat account with Alice Blue. Complete the KYC process and fund your account. Research the bank thoroughly, then use the trading platform to place a buy order for the desired number of shares at your preferred price.
Determining if Canara Bank is overvalued or undervalued requires a comprehensive analysis of its financials, growth prospects, industry trends, and market conditions. Investors should consider metrics like P/E ratio, and price-to-book value, and compare them with industry peers and historical values for a balanced assessment.
