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Canara Bank

CANBK NSE
₹118.32 +0.82 (+0.70%)
P/E
5.27
View as Markdown
MCP
Close 4 Nov 2026 ₹118.32 −20.92 −15.0% 1Y
Start ₹139.24

Key Fundamentals

MidcapBanksFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

EPS (TTM)
₹22.47
Book Value
₹134.05
Market Cap
—
P/E (TTM)
5.27
P/B
0.88
ROE
16.10%
Dividend Yield
3.57%
52W High
₹162.89
52W Low
₹114.63
Day Range
₹117.01 – ₹119.00
Volume
1,76,42,209
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Public Sector Bank

Canara Bank peer comparison
SBI
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank (this company)
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
Median 7 companies₹183.896.98₹1,25,618 Cr1.022.73%15.40%—₹1,30,895 Cr₹20,314 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
73
Strong
Returns, margins, earnings quality 22% weight
Valuation
77
Strong
Cheap vs sector & own history 24% weight
Growth
40
Weak
Sales & profit trajectory 9% weight
Financial Health
33
Poor
Solvency, leverage, coverage 9% weight
Momentum
20
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Stock is trading at 0.82 times its book value
  • Stock is providing a good dividend yield of 3.62%.
  • 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 258 days to 423 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsBullish072
Moving AveragesStrong Bearish901

Key readings

RSI (14)
46.78
Neutral
MACD (12,26,9)
−1.09
Bullish
SMA (50)
122.08
Bearish
SMA (200)
132.89
Bearish

As of

Analyst Rating

Based on 20 analysts
BUY85%

17 of 20 analysts rate Buy, 1 Hold, 2 Sell.

As of

BUY
17
85%
HOLD
1
5%
SELL
2
10%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+11.12%
5Y+12.46%
3Y+13.74%
1Y+3.92%
TTM+4.02%

Net profit

Net profit growth by window
10YTurned to profit
5Y+46.14%
3Y+20.22%
1Y+11.42%
TTM+16.11%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹41,457 Cr
Mar 2018₹41,345 Cr
Mar 2019₹47,951 Cr
Mar 2020₹49,759 Cr
Mar 2021₹70,253 Cr
Mar 2022₹70,614 Cr
Mar 2023₹85,885 Cr
Mar 2024₹1,10,519 Cr
Mar 2025₹1,21,601 Cr
Mar 2026₹1,26,371 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,411 Cr
Mar 2018−₹3,873 Cr
Mar 2019₹696 Cr
Mar 2020−₹1,921 Cr
Mar 2021₹2,957 Cr
Mar 2022₹6,158 Cr
Mar 2023₹11,345 Cr
Mar 2024₹15,401 Cr
Mar 2025₹17,692 Cr
Mar 2026₹19,712 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹3.62 −39.0% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

Canara Bank trades at a P/E of 5.3x and P/B of 0.89x as of 2026-11-02, with a market cap of Rs.1,08,639 Cr. The bank delivers a 16.09% ROE and 3.57% dividend yield, but faces headwinds from rising working capital days, large contingent liabilities, and decelerating profit growth on a TTM basis.

Bull Case 7
  • Stock trades at 0.89x book value, below the 1x threshold often considered fair value for profitable banks, suggesting the market may not be fully pricing in the bank's earnings power
  • Dividend yield of 3.57% with a healthy payout ratio of 20.4%, offering meaningful income return to shareholders at current levels
  • ROE of 16.09% is well above cost of equity for most Indian PSU banks, and the 3-year average ROE of 17% shows consistency in return generation
  • Compounded profit growth of 44% over 5 years and 24% over 10 years reflects a sustained earnings recovery trajectory from earlier stressed asset cycles
  • P/E of 5.3x on TTM EPS of Rs.22.47 represents a significant discount to private sector banking peers, which typically trade at 12-20x earnings
  • Compounded sales growth of 14% over 3 years and 12% over 5 years indicates steady top-line expansion driven by loan book growth
  • 5-year stock CAGR of 24% demonstrates that the market has historically rewarded the bank's turnaround over medium-term holding periods
Bear Case 8
  • Contingent liabilities stand at Rs.6,04,935 Cr, a very large figure relative to the bank's market cap of Rs.1,08,639 Cr, posing potential balance sheet risk if even a fraction crystallizes
  • TTM profit growth has decelerated sharply to 7% from the 3-year CAGR of 18%, signalling that the high-growth earnings recovery phase may be tapering off
  • Working capital days have increased from 258 days to 423 days, a 64% deterioration that raises concerns about asset-liability management efficiency
  • Low interest coverage ratio indicates limited cushion for the bank's ability to service its own borrowing costs, a structural vulnerability in a rising rate or stressed environment
  • ROCE of 6.03% is modest, reflecting the capital-intensive nature of PSU banking and limited efficiency in deploying total capital employed
  • TTM revenue growth has slowed to 4% against the 3-year compounded sales growth of 14%, suggesting a deceleration in loan book expansion or net interest income growth
  • 1-year stock CAGR of -8% indicates negative recent price momentum, with the stock trading only 3.9% above its 52-week low of Rs.114.63
  • Potential capitalization of interest costs could mean reported profits are overstated relative to actual cash generation, warranting closer scrutiny of cash flow statements

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Canara Bank delivered strong Q2 FY27 topline growth with NII up 20% and impressive asset quality improvement (GNPA at 1.33%), but profit growth was largely provision-led rather than operational. Key risks are the widening credit-deposit gap, rising SMA-0 stress signals, and a revised-up ECL provision estimate of ₹12,000-15,000 crore hitting from April 2027. The bank is well-capitalized at 17.19% CRAR to absorb near-term shocks, but the next few quarters will test whether aggressive lending growth can be sustained without deposit catch-up and whether early retail stress stays contained.

Headwinds 7
  • ECL provision estimate revised up Oct 14

    Expected one-time ECL provision raised to ₹12,000-15,000 crore from earlier ₹10,000-12,000 crore, potentially reducing CRAR by 1.0-1.25% when it kicks in from April 2027.

  • Credit-deposit gap widening Oct 14

    Advances grew 19.46% vs deposits at 13.13%, widening the credit-deposit gap to 640 bps from 250 bps three months prior. CD ratio rose to 80.25% from 75.93%.

  • SMA-0 stress signals rising Oct 15

    Early-stage stress accounts (SMA-0) surged to ₹3,315 crore from ₹862 crore, a potential early warning for retail asset quality deterioration.

Positives 5
  • Asset quality dramatically improved Oct 14

    GNPA ratio fell to 1.33% from 2.35% YoY and net NPA dropped to 0.30% from 0.54%. Provision coverage ratio rose to 95.34%.

  • NII surges 20% YoY Oct 14

    Net interest income jumped 20.4% to ₹11,004 crore with NIM improving to 2.55-2.60% as cost of funds fell faster than lending yields.

  • Strong credit growth at 19.5% Oct 14

    Global advances grew 19.46% to ₹13.75 lakh crore with RAM segment up 21% to ₹8.12 lakh crore. Corporate loan pipeline stands at ₹47,000 crore.

Neutral 3
  • AT1 bonds call option exercised Oct 30

    Canara Bank exercised call option on ₹1,500 crore Basel III AT1 bonds at 8.05% coupon, with redemption date of December 2, 2026, following a separate ₹1,626 crore AT1 redemption.

  • RTA office relocation Dec 1 Nov 3

    Registrar and transfer agent KFin Technologies shifts corporate office to Kokapet, Telangana effective December 1, 2026. Registered office remains unchanged.

  • Shares fell 6.5% post results Oct 14

    Stock dropped to ₹117 on results day despite beat, erasing an initial 3% pop to ₹124, reflecting broader caution around ECL and funding concerns.

Quarterly Results

₹ Cr
CANBK quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
27,290
28,492
29,286
29,173
30,182
30,751
31,496
31,523
32,072
30,938
31,839
32,957
35,162
Expenses
10,859
12,001
13,198
12,010
12,066
10,752
12,124
13,141
13,251
4,002
8,870
10,391
9,803
Financing Profit
−1,504
−2,129
−3,138
−2,371
−2,312
−1,165
−2,185
−3,610
−3,591
4,227
944
−172
1,209
Fin. Margin %
−6%
−7%
−11%
−8%
−8%
−4%
−7%
−11%
−11%
14%
3%
−1%
3%
Other Income
6,602
7,138
8,098
7,793
7,824
6,679
8,761
8,086
9,942
2,152
4,700
6,739
5,777
Interest
17,934
18,620
19,226
19,534
20,427
21,163
21,556
21,992
22,412
22,709
22,024
22,737
24,151
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
5,098
5,009
4,960
5,422
5,513
5,515
6,576
4,475
6,351
6,379
5,644
6,567
6,986
Tax %
28%
25%
24%
27%
26%
25%
22%
33%
23%
24%
22%
26%
26%
Net Profit
3,677
3,738
3,991
3,977
4,100
4,161
5,097
3,233
4,866
4,868
4,381
5,182
5,182
EPS (₹)
4.19
4.18
4.36
4.48
4.62
4.65
5.59
3.52
5.35
5.79
5.04
5.71
5.93
Gross NPA %
4.76%
4.39%
4.23%
4.14%
3.73%
3.34%
2.94%
2.69%
2.35%
2.08%
1.84%
1.57%
1.33%
Net NPA %
1.41%
1.32%
1.27%
1.24%
0.99%
0.89%
0.7%
0.63%
0.54%
0.45%
0.43%
0.36%
0.3%

Profit & Loss

₹ Cr
CANBK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1,30,895
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
33,066
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
6,208
Fin. Margin %
−1%
−18%
−14%
−32%
−24%
−26%
−26%
−19%
−12%
−7%
−6%
−1%
5%
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
19,367
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
91,621
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
25,575
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
17,336
19,712
20,314
EPS (₹)
10.96
−8.73
4.55
−10.78
1.6
−3.86
3.51
6.75
12.41
16.84
19.34
19.7
22.47
Div. Payout %
17%
0%
4%
0%
0%
0%
0%
19%
19%
19%
21%
21%
—

Balance Sheet

₹ Cr
CANBK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
475
543
597
733
753
1,030
1,647
1,814
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
1,26,206
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
1,67,912
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
16,96,935
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
44,948
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
20,37,815
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
10,882
CWIP
1
0
0
0
0
0
2
2
0
147
0
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
4,16,334
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
16,10,598
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
20,37,815

Cash Flow

₹ Cr
CANBK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Ratios

CANBK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
9%
−8%
4%
−11%
2%
−5%
6%
9%
15%
18%
18%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Canara Bank insights

85 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 62.93%
  • DIIs 12.38%
  • FIIs 12.27%
  • Public 11.09%
  • Others 1.34%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Canara Bank

What does Canara Bank do?
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.
Where is Canara Bank (CANBK) listed?
Canara Bank trades as CANBK on the NSE and under code 532483 on the BSE.
Which sector does Canara Bank belong to?
Canara Bank is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of Canara Bank?
Canara Bank trades at a PE ratio of 5.27 as of 4 Nov 2026, on earnings per share of ₹22.47, against a book value of ₹134.05 per share.
What is the 52-week high and low of Canara Bank?
Over the last 52 weeks Canara Bank has traded between ₹114.63 and ₹162.89 as of 4 Nov 2026.
Does Canara Bank pay dividends?
Canara Bank has a dividend yield of 3.57%.
What is the Return on Equity (ROE) of Canara Bank?
Canara Bank reported a return on equity of 16.10%.

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.

Website canarabank.com
CEO Mr. Hardeep Singh Ahluwalia
Employees 81,260
Listed 23 Dec 2002
Face Value ₹2

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