Canara Bank
Canara Bank
Banks F&OKey Fundamentals
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Stock is trading at 0.96 times its book value
- Stock is providing a good dividend yield of 3.20%.
- Company has been maintaining a healthy dividend payout of 20.4%
Weaknesses
4- Company has low interest coverage ratio.
- Contingent liabilities of Rs.6,04,935 Cr.
- Company might be capitalizing the interest cost
- Working capital days have increased from 268 days to 432 days
Growth Rate
AI Analysis — Bull vs Bear
Canara Bank trades at a market cap of ₹1,19,978 Cr with a PE of 6x and PB of 1.02x, reflecting a valuation below book value. The bank has delivered a 3-year compounded profit growth of 18% and maintains a 3-year ROE of 17%, though recent revenue growth has slowed to 3% TTM and contingent liabilities stand at ₹6,04,935 Cr.
- Trades at 0.97x book value, offering a discount to stated net worth for a large PSU bank
- PE ratio of 6x is significantly below industry averages, indicating undemanding earnings valuation
- Dividend yield of 3.18% with a consistent payout ratio of 20.4%, providing income support
- 3-year compounded profit growth of 18% demonstrates sustained earnings recovery
- 5-year compounded profit CAGR of 44% reflects a strong turnaround from prior losses
- 3-year ROE of 17% and 5-year ROE of 16% show improving return generation on equity
- Stock CAGR of 33% over 5 years indicates strong market re-rating over the medium term
- 10-year compounded sales growth of 11% shows steady loan book and revenue expansion
- Contingent liabilities of ₹6,04,935 Cr represent a massive off-balance-sheet risk relative to the ₹1,19,978 Cr market cap
- Low interest coverage ratio signals vulnerability to margin compression or asset quality stress
- TTM revenue growth has decelerated sharply to just 3% versus the 3-year CAGR of 14%
- Working capital days increased from 268 to 432 days, indicating deterioration in asset-liability efficiency
- Potential capitalization of interest costs may mask true operating expenses and inflate reported earnings
- Last year ROE of 16% has slightly declined from the 3-year average of 17%, showing momentum flattening
- TTM profit growth of 7% is well below the 3-year CAGR of 18%, suggesting earnings growth is slowing
- As a PSU bank, governance constraints and government ownership dilution risk remain structural overhangs
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 profit up, NPA improves Jul 27
Standalone net profit rose 2.4% YoY to ₹4,855.82 crore; consolidated profit surged 62.2% to ₹5,180.71 crore. Gross NPA ratio improved to 1.57%.
- Strong gold loan growth expected Jul 27
Co Managing Director expressed expectations of strong growth in gold loan portfolio, highlighting it as a key strategic focus area.
- $200M tap issuance at 4.896% Jul 17
Canara Bank tapped USD 200 million senior unsecured notes due 2029, consolidating with existing USD 300 million notes under its USD 3 billion MTN programme.
- MCLR hiked 5bps across tenors Aug 11
MCLR raised by 5bps for one-month to three-year tenors effective August 12, 2026. Overnight rates unchanged.
- New GCCO appointed for 3 years Aug 3
Sujit Kumar Sahoo designated as Group Chief Compliance Officer for three years starting July 1, 2026, per SEBI LODR norms.
- ₹25.38 crore block trade on NSE Jul 24
Approximately 20.19 lakh shares traded at ₹125.72 per share in an institutional block deal worth ₹25.38 crore.
- ₹740 crore bond interest paid Jul 20
Annual interest of ₹740 crore paid on Infrastructure Bonds on July 20, 2026, credited via RTGS/NEFT to bondholders.
- Q1FY27 earnings call held Jul 27 Jul 27
MD & CEO Brajesh Kumar Singh led the earnings conference call on July 27 at 4 PM IST discussing unaudited Q1FY27 results.
TL;DR: Canara Bank delivered steady Q1FY27 results with a notable 62.2% jump in consolidated profit and improving asset quality at 1.57% GNPA. The bank is actively raising capital internationally and focusing on gold loans for growth. No material headwinds emerged in recent news flow. The trend appears stable-to-improving with strong asset quality momentum heading into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25,451 | 27,290 | 28,492 | 29,286 | 29,173 | 30,182 | 30,751 | 31,496 | 31,523 | 32,072 | 30,938 | 31,839 | 32,957 |
| Expenses | 10,990 | 10,859 | 12,001 | 13,198 | 12,010 | 12,066 | 10,752 | 12,124 | 13,141 | 13,251 | 4,002 | 8,870 | 10,391 |
| Financing Profit | -1,876 | -1,504 | -2,129 | -3,138 | -2,371 | -2,312 | -1,165 | -2,185 | -3,610 | -3,591 | 4,227 | 944 | -172 |
| Fin. Margin % | -7% | -6% | -7% | -11% | -8% | -8% | -4% | -7% | -11% | -11% | 14% | 3% | -1% |
| Other Income | 6,809 | 6,602 | 7,138 | 8,098 | 7,793 | 7,824 | 6,679 | 8,761 | 8,086 | 9,942 | 2,152 | 4,700 | 6,739 |
| Interest | 16,337 | 17,934 | 18,620 | 19,226 | 19,534 | 20,427 | 21,163 | 21,556 | 21,992 | 22,412 | 22,709 | 22,024 | 22,737 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 4,933 | 5,098 | 5,009 | 4,960 | 5,422 | 5,513 | 5,515 | 6,576 | 4,475 | 6,351 | 6,379 | 5,644 | 6,567 |
| Tax % | 28% | 28% | 25% | 24% | 27% | 26% | 25% | 22% | 33% | 23% | 24% | 22% | 26% |
| Net Profit | 3,755 | 3,829 | 3,827 | 3,991 | 4,098 | 4,227 | 4,256 | 5,111 | 3,233 | 4,896 | 5,174 | 4,575 | 5,182 |
| EPS in Rs | 4.12 | 4.19 | 4.18 | 4.36 | 4.48 | 4.62 | 4.65 | 5.59 | 3.52 | 5.35 | 5.79 | 5.04 | 5.71 |
| Gross NPA % | 5.16% | 4.76% | 4.39% | 4.23% | 4.14% | 3.73% | 3.34% | 2.94% | 2.69% | 2.35% | 2.08% | 1.84% | 1.57% |
| Net NPA % | 1.57% | 1.41% | 1.32% | 1.27% | 1.24% | 0.99% | 0.89% | 0.7% | 0.63% | 0.54% | 0.45% | 0.43% | 0.36% |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43,813 | 44,039 | 41,457 | 41,345 | 47,951 | 49,759 | 70,253 | 70,614 | 85,885 | 1,10,519 | 1,21,601 | 1,26,371 | 1,27,805 |
| Expenses | 10,302 | 17,785 | 15,691 | 25,582 | 27,202 | 26,809 | 43,437 | 41,235 | 42,772 | 46,146 | 46,082 | 38,340 | 36,515 |
| Financing Profit | -621 | -8,008 | -5,775 | -13,350 | -11,590 | -12,867 | -18,367 | -13,657 | -9,877 | -7,745 | -7,162 | -1,106 | 1,408 |
| Fin. Margin % | -1% | -18% | -14% | -32% | -24% | -26% | -26% | -19% | -12% | -7% | -6% | -1% | 1% |
| Other Income | 4,733 | 5,266 | 7,852 | 7,398 | 9,907 | 11,799 | 23,086 | 23,643 | 25,325 | 28,646 | 31,057 | 26,712 | 23,532 |
| Interest | 34,133 | 34,263 | 31,540 | 29,113 | 32,339 | 35,817 | 45,182 | 43,035 | 52,990 | 72,118 | 82,681 | 89,138 | 89,883 |
| Depreciation | 429 | 172 | 331 | 456 | 429 | 446 | 838 | 841 | 1,021 | 902 | 870 | 925 | 0 |
| PBT | 3,683 | -2,914 | 1,746 | -6,408 | -2,111 | -1,514 | 3,882 | 9,145 | 14,427 | 20,000 | 23,025 | 24,681 | 24,940 |
| Tax % | 22% | -13% | 29% | -36% | -126% | 34% | 30% | 37% | 25% | 26% | 25% | 23% | — |
| Net Profit | 2,931 | -2,535 | 1,411 | -3,873 | 696 | -1,921 | 2,957 | 6,158 | 11,345 | 15,401 | 17,692 | 19,712 | 19,828 |
| EPS in Rs | 10.96 | -8.73 | 4.55 | -10.78 | 1.6 | -3.86 | 3.51 | 6.75 | 12.41 | 16.84 | 19.34 | 19.7 | 21.89 |
| Div. Payout % | 17% | 0% | 4% | 0% | 0% | 0% | 0% | 19% | 19% | 19% | 21% | 21% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 475 | 543 | 597 | 733 | 753 | 1,030 | 1,647 | 1,814 | 1,814 | 1,814 | 1,814 | 1,814 |
| Reserves | 32,017 | 31,867 | 34,088 | 36,164 | 36,936 | 40,176 | 60,763 | 68,147 | 76,240 | 90,319 | 1,03,603 | 1,15,891 |
| Borrowing | 13,686 | 26,963 | 39,592 | 38,910 | 41,043 | 42,762 | 50,013 | 46,285 | 58,073 | 57,538 | 89,665 | 1,55,288 |
| Deposits | 4,85,802 | 4,79,749 | 4,95,266 | 5,24,847 | 5,99,123 | 6,25,408 | 10,10,985 | 10,86,341 | 11,79,086 | 13,12,242 | 14,56,495 | 15,68,333 |
| Other Liabilities | 26,578 | 24,603 | 26,615 | 30,781 | 33,928 | 32,064 | 56,132 | 56,202 | 65,816 | 73,104 | 80,950 | 45,999 |
| Total Liabilities | 5,58,558 | 5,63,725 | 5,96,159 | 6,31,435 | 7,11,783 | 7,41,440 | 11,79,540 | 12,58,789 | 13,81,030 | 15,35,018 | 17,32,527 | 18,87,325 |
| Fixed Assets | 6,969 | 7,206 | 7,185 | 8,335 | 8,433 | 8,323 | 11,269 | 11,447 | 10,334 | 12,184 | 10,302 | 10,595 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 147 | 0 | 0 |
| Investments | 1,52,122 | 1,52,470 | 1,62,073 | 1,57,444 | 1,68,678 | 1,92,645 | 2,86,191 | 3,11,347 | 3,52,893 | 3,99,207 | 4,28,024 | 4,07,389 |
| Other Assets | 3,99,466 | 4,04,049 | 4,26,901 | 4,65,657 | 5,34,672 | 5,40,472 | 8,82,077 | 9,35,992 | 10,17,803 | 11,23,480 | 12,94,201 | 14,69,341 |
| Total Assets | 5,58,558 | 5,63,725 | 5,96,159 | 6,31,435 | 7,11,783 | 7,41,440 | 11,79,540 | 12,58,789 | 13,81,030 | 15,35,018 | 17,32,527 | 18,87,325 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 6,344 | 9,346 | 2,575 | -11,120 | 18,237 | -5,289 | 59,118 | 919 | -39,978 | 15,046 | 60,669 | 7,942 |
| Investing | -1,104 | -443 | -476 | -487 | -745 | -445 | -1,116 | -1,429 | -1,156 | -1,750 | -2,437 | -2,707 |
| Financing | -1,464 | -806 | 124 | 2,865 | -1,185 | 7,792 | 290 | 4,035 | 445 | -3,834 | -3,506 | -4,795 |
| Net Cash Flow | 3,776 | 8,096 | 2,224 | -8,743 | 16,307 | 2,059 | 58,291 | 3,525 | -40,689 | 9,462 | 54,725 | 440 |
| Free Cash Flow | 5,530 | 8,976 | 2,195 | -11,580 | 17,631 | -5,627 | 58,195 | 98 | -40,591 | 13,793 | 61,830 | 6,652 |
| CFO/OP | 24 | 41 | 17 | -61 | 94 | -30 | 226 | 17 | -83 | 28 | 86 | 12 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 9% | -8% | 4% | -11% | 2% | -5% | 6% | 9% | 15% | 18% | 18% | 16% |
Documents
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Company Information
Canara Bank was merged with erstwhile Syndicate Bank in FY21. Canara was incorporated in 1906 and nationalised in 1969, along with 13 other major commercial banks of India, by the GoI. The bank is headquartered in Bangalore.Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on April 1, 2020.