Central Bank of India
Central Bank of India
BanksKey Fundamentals
SmallcapPublic Sector BankBanksPrice-based figures as of 9 Oct 2026, 3:59 pm IST · EPS basis: Consolidated · TTM
Tapetide Score
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Key Insights
Strengths
3- Stock is trading at 0.67 times its book value
- Stock is providing a good dividend yield of 3.96%.
- Company has delivered good profit growth of 45.9% CAGR over last 5 years
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.64% over past five years.
- Company has a low return on equity of 10.8% over last 3 years.
- Contingent liabilities of Rs.2,20,772 Cr.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
As of the 2026-10-01 close, Central Bank of India traded at Rs 30, giving a market capitalisation of Rs 27,154.2 Cr. That is 5.95x trailing EPS of Rs 5.04 and 0.73x book value, with a 3.94% dividend yield. Profit has compounded at 46% over 5 years and 39% over 3 years, but TTM profit growth has slowed to 8% and ROE is 11.59%. The stock is down 21% over 1 year and sits near its 52-week low of Rs 29.32.
- As of 2026-10-01, the stock traded at 0.73x book value. At Rs 30 per share, that implies a book value of about Rs 41 per share, so the market prices the bank's net worth at a 27% discount.
- As of 2026-10-01, the trailing P/E was 5.95x on EPS of Rs 5.04, an earnings yield of about 16.8%. Even with no rerating, the current earnings base strongly supports the share price.
- Profit has compounded at 46% over 5 years and 39% over 3 years. This points to a large turnaround in asset quality and earnings from the low base of the previous decade.
- As of 2026-10-01, the dividend yield was 3.94%. That gives a cash return while investors wait, and it shows the bank has enough capital and earnings to pay shareholders.
- ROE has improved steadily: 12% last year and 11.59% currently, against a 5-year average of 9% and a 10-year average of -1%. Profitability has normalised after years of losses.
- Sales (interest income) grew at a 12% CAGR over 3 years, against 3% over 10 years. Balance-sheet growth has clearly sped up from the stagnant period.
- As of 2026-10-01, the price of Rs 30 was only about 2.3% above the 52-week low of Rs 29.32 and about 27% below the 52-week high of Rs 40.92. Much of the bad news may already be in the price.
- Shareholder returns have been poor over long periods. The stock CAGR is -21% over 1 year, -16% over 3 years and -11% over 10 years, even though profits grew 39% and 46% CAGR over 3 and 5 years.
- Profit growth has slowed sharply, from a 46% 5-year CAGR and 39% 3-year CAGR to only 8% TTM. The easy turnaround gains from lower provisions may be largely behind it.
- Contingent liabilities stand at Rs 2,20,772 Cr, roughly 8.1x the market cap of Rs 27,154.2 Cr as of 2026-10-01. For a bank these are largely guarantees, LCs and forex contracts, but they are a large off-balance-sheet exposure compared with equity value.
- ROE of 11.59%, and about 11% averaged over 3 years, is modest for a bank. It may not clearly exceed the cost of equity, which helps explain why the stock trades at 0.73x book.
- Sales growth slowed to 9% TTM, against a 12% 3-year CAGR, and the 10-year sales CAGR is only 3%. Loan-book and income growth has been inconsistent over the long run.
- ROCE is 5.18%, low compared with ROE of 11.59%. This reflects thin returns on the bank's highly leveraged balance sheet, where small asset-quality slips can erode earnings quickly.
- The stock fell from a 52-week high of Rs 40.92 to Rs 30 as of 2026-10-01, a drop of about 27%, and sits near its Rs 29.32 low. Price momentum remains negative.
- Screens flag a low interest coverage ratio and possible capitalisation of interest cost. For a bank, interest expense is an operating cost, so these generic flags carry limited analytical weight. They still point to thin spreads between interest earned and interest paid.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- CASA ratio keeps slipping Oct 5
The CASA ratio fell to 44.70% in Q2FY27 from 46.61% in Q1FY27, so the bank is relying more on costlier term deposits. Advances grew 29.83% while total business grew 20.55%, which suggests deposit growth is lagging and could squeeze margins.
- UFBU strike threat still pending Sep 9
Seven unions, including AIBEA and AIBOC, served strike notices for September 11, September 28-30 and October 26 onwards. The later dates were deferred on September 28 but not called off, so labour disruption remains a risk.
- Q2FY27 business up 20.55% Oct 5
Total business grew 20.55% YoY to ₹8,89,621 crore and advances rose 29.83%. This is among the faster loan-book growth rates in PSU banking.
- Q1FY27 net profit up 13% Sep 30
Net profit rose 13.26% YoY to ₹1,324 crore and advances grew 28.58%, showing steady earnings momentum.
- B2B payments platform with NPCI Sep 10
The bank launched Bharat Connect for Business with NPCI Bharat Bill Pay at Global Fintech Fest 2026. The platform targets MSME and B2B transactions, which could support fee income and digital reach.
- ED Dohare tenure extended Sep 23
The Department of Financial Services extended Executive Director Mahendra Dohare's term by three years beyond October 8, 2026, which keeps management stable.
- Investor and analyst outreach Sep 30
Management held a group analyst meet in Mumbai on September 28 and took part in the Bharat Connect Conference: Rising Stars on September 30. The bank confirmed no unpublished price-sensitive information was shared.
- ₹1,500 crore bond disclosure Oct 7
The bank filed its statement of outstanding debt securities for the half year ended September 30, 2026, covering a ₹1,500 crore bond issuance.
TL;DR: Central Bank of India is growing fast, with Q2FY27 advances up 29.83% and total business reaching ₹8,89,621 crore, while Q1FY27 profit rose 13.26% to ₹1,324 crore. The main risk is funding: the CASA ratio dropped about 190 bps in one quarter to 44.70%, and deposits appear to be growing more slowly than loans, which could compress net interest margins. The union strike threat has been deferred but not resolved. Growth is improving while funding quality is getting worse, so Q2 margins and deposit trends are the key things to watch in the upcoming results.
Quarterly Results
| Particulars | 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 | 7,259 | 7,377 | 7,842 | 8,371 | 8,367 | 8,235 | 8,542 | 8,653 | 8,623 | 8,777 | 9,070 | 9,698 | 9,726 |
| Expenses | 3,118 | 3,534 | 3,377 | 3,561 | 3,920 | 3,500 | 3,373 | 3,968 | 3,381 | 3,328 | 3,853 | 3,573 | 3,129 |
| Financing Profit | 79 | -495 | -207 | -1 | -354 | -71 | 185 | -553 | 21 | -28 | -335 | 448 | 803 |
| Fin. Margin % | 1% | -7% | -3% | 0% | -4% | -1% | 2% | -6% | 0% | 0% | -4% | 5% | 8% |
| Other Income | 959 | 1,062 | 1,329 | 1,363 | 1,166 | 1,649 | 1,232 | 1,723 | 1,857 | 1,507 | 1,927 | 1,161 | 988 |
| Interest | 4,062 | 4,338 | 4,672 | 4,811 | 4,801 | 4,807 | 4,984 | 5,238 | 5,222 | 5,476 | 5,552 | 5,677 | 5,794 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 1,038 | 567 | 1,122 | 1,363 | 812 | 1,578 | 1,418 | 1,171 | 1,878 | 1,479 | 1,592 | 1,609 | 1,791 |
| Tax % | 59% | -7% | 35% | 40% | -9% | 42% | 32% | 11% | 33% | 18% | 21% | 54% | 26% |
| Net Profit | 498 | 623 | 738 | 817 | 945 | 926 | 966 | 1,106 | 1,284 | 1,234 | 1,265 | 748 | 1,325 |
| EPS in Rs | 0.57 | 0.72 | 0.85 | 0.94 | 1.09 | 1.06 | 1.11 | 1.22 | 1.42 | 1.36 | 1.4 | 0.82 | 1.46 |
| Gross NPA % | 4.95% | 4.61% | 4.5% | 4.5% | 4.54% | 4.59% | 3.87% | 3.18% | 3.14% | 3.02% | 2.71% | 2.67% | 2.61% |
| Net NPA % | 1.75% | 1.64% | 1.28% | 1.24% | 0.75% | 0.7% | 0.61% | 0.56% | 0.5% | 0.49% | 0.46% | 0.5% | 0.51% |
Profit & Loss
| Particulars | 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 | 26,476 | 25,988 | 24,775 | 24,163 | 22,749 | 23,676 | 22,830 | 22,903 | 25,657 | 30,849 | 33,797 | 36,168 | 37,270 |
| Expenses | 8,620 | 11,529 | 12,744 | 14,015 | 14,580 | 12,135 | 12,419 | 10,477 | 12,778 | 13,099 | 14,102 | 13,578 | 13,884 |
| Financing Profit | -1,344 | -4,430 | -6,136 | -7,455 | -7,766 | -4,464 | -4,133 | -934 | -1,026 | -133 | -134 | 664 | 888 |
| Fin. Margin % | -5% | -17% | -25% | -31% | -34% | -19% | -18% | -4% | -4% | 0% | 0% | 2% | 2% |
| Other Income | 1,900 | 2,019 | 2,871 | 2,620 | 2,416 | 3,622 | 2,994 | 2,986 | 4,164 | 4,814 | 5,784 | 6,463 | 5,584 |
| Interest | 19,200 | 18,889 | 18,166 | 17,603 | 15,935 | 16,005 | 14,543 | 13,361 | 13,905 | 17,882 | 19,830 | 21,926 | 22,498 |
| Depreciation | 230 | 240 | 258 | 260 | 278 | 285 | 293 | 297 | 386 | 500 | 558 | 530 | 0 |
| PBT | 327 | -2,651 | -3,523 | -5,096 | -5,628 | -1,127 | -1,431 | 1,755 | 2,752 | 4,181 | 5,092 | 6,597 | 6,472 |
| Tax % | -89% | -47% | -31% | 0% | 0% | 0% | -30% | 38% | 39% | 36% | 23% | 31% | — |
| Net Profit | 670 | -1,392 | -2,457 | -5,134 | -5,611 | -1,252 | -995 | 1,083 | 1,688 | 2,677 | 3,943 | 4,531 | 4,571 |
| EPS in Rs | 4.02 | -8.26 | -12.93 | -19.63 | -13.88 | -2.2 | -1.7 | 1.24 | 1.93 | 3.07 | 4.35 | 5 | 5.04 |
| Div. Payout % | 12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 36% | — |
Balance Sheet
| Particulars | 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 | 1,658 | 1,690 | 1,902 | 2,618 | 4,047 | 5,710 | 5,876 | 8,681 | 8,681 | 8,681 | 9,051 | 9,051 |
| Reserves | 16,077 | 16,818 | 16,309 | 15,592 | 15,349 | 15,827 | 20,621 | 18,868 | 20,536 | 23,693 | 27,830 | 29,950 |
| Borrowing | 19,777 | 9,503 | 9,623 | 6,026 | 5,640 | 6,076 | 5,760 | 7,663 | 8,334 | 20,013 | 21,820 | 31,854 |
| Deposits | 2,62,263 | 2,66,686 | 2,97,309 | 2,95,354 | 3,00,311 | 3,14,201 | 3,30,328 | 3,43,165 | 3,59,775 | 3,85,541 | 4,13,271 | 4,68,444 |
| Other Liabilities | 12,991 | 11,924 | 9,551 | 7,759 | 6,538 | 15,337 | 7,390 | 8,915 | 9,754 | 9,844 | 8,485 | 11,780 |
| Total Liabilities | 3,12,766 | 3,06,621 | 3,34,695 | 3,27,349 | 3,31,885 | 3,57,151 | 3,69,974 | 3,87,292 | 4,07,080 | 4,47,772 | 4,80,457 | 5,51,079 |
| Fixed Assets | 2,843 | 4,369 | 4,300 | 4,353 | 4,320 | 4,346 | 5,142 | 4,964 | 4,786 | 5,345 | 5,214 | 5,202 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 89,921 | 89,087 | 92,277 | 1,02,769 | 1,25,453 | 1,42,526 | 1,48,518 | 1,40,775 | 1,36,569 | 1,44,010 | 1,41,652 | 1,57,607 |
| Other Assets | 2,20,001 | 2,13,165 | 2,38,118 | 2,20,227 | 2,02,112 | 2,10,279 | 2,16,315 | 2,41,553 | 2,65,725 | 2,98,416 | 3,33,591 | 3,88,270 |
| Total Assets | 3,12,766 | 3,06,621 | 3,34,695 | 3,27,349 | 3,31,885 | 3,57,151 | 3,69,974 | 3,87,292 | 4,07,080 | 4,47,772 | 4,80,457 | 5,51,079 |
Cash Flow
| Particulars | 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 | 2,274 | 281 | 61,871 | -44,376 | -14,510 | 1,726 | -2,003 | 14,277 | -8,786 | -5,910 | -2,460 | 2,804 |
| Investing | -332 | -149 | -189 | -310 | -251 | -315 | -202 | -133 | -209 | -584 | -451 | -454 |
| Financing | 510 | 599 | 1,543 | 5,154 | 6,796 | 3,396 | 5,055 | 0 | 0 | 0 | 1,500 | -713 |
| Net Cash Flow | 2,452 | 732 | 63,225 | -39,533 | -7,965 | 4,807 | 2,849 | 14,143 | -8,995 | -6,494 | -1,410 | 1,637 |
| Free Cash Flow | 1,989 | 132 | 61,682 | -44,687 | -14,761 | 1,411 | -2,206 | 14,143 | -8,995 | -6,494 | -2,910 | 2,350 |
| CFO/OP | 18 | 9 | 514 | -434 | -180 | 16 | -19 | 115 | -68 | -32 | -17 | 14 |
Ratios
| Particulars | 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 % | 4% | -8% | -13% | -28% | -30% | -6% | -4% | 4% | 6% | 9% | 11% | 12% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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94 extracted metrics + investor summaries across FY12–FY27.
Documents
Frequently Asked Questions about Central Bank of India
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Company Information
Central Bank of India is a commercial bank. The Bank's segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business. The Treasury Operations segment includes dealing in government and other securities, money market operations and Forex operations.[1]
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