Canara Bank (IN:CANBK)
:CANBK
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Canara Bank
(CANBK)
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Rating:75Outperform
Price Target:
₹139.00
▼(-9.83% Downside)
Action:ReiteratedDate:11/04/25
Canara Bank's strong financial performance and attractive valuation are the primary drivers of its overall score. The technical analysis indicates strong momentum, though caution is advised due to overbought signals. The absence of earnings call and corporate events data limits additional insights.
Positive Factors
Sustained revenue growth
The bank's financial summary highlights robust revenue growth sustained over multiple years. A broad franchise across retail, MSME, agriculture and corporate lending, plus diversified fee streams and deposits, supports durable top-line expansion and repeatable loan origination over months.
Negative Factors
Modest top-line growth rate
Reported revenue growth around mid-single digits suggests limited organic expansion pace. In a competitive banking market, modest growth can constrain earnings leverage and make results reliant on margin improvement or one-off items rather than sustained high loan growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
The bank's financial summary highlights robust revenue growth sustained over multiple years. A broad franchise across retail, MSME, agriculture and corporate lending, plus diversified fee streams and deposits, supports durable top-line expansion and repeatable loan origination over months.
Read all positive factors
Canara Bank (CANBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.29T
Dividend Yield2.66%
Average Volume (3M)1.71M
Price to Earnings (P/E)6.7
Beta (1Y)1.46
Revenue Growth8.89%
EPS Growth19.79%
CountryIN
Employees82,638
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.70
Shares Outstanding9,070,651,000
10 Day Avg. Volume1,071,263
30 Day Avg. Volume1,713,254
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)0.77
Price to Sales (P/S)0.53
P/FCF Ratio-0.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20.91
Revenue Forecast (FY)₹685.58B
Canara Bank Business Overview & Revenue Model
Company Description
Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, fixed deposits, unclaimed...
How the Company Makes Money
Canara Bank makes money primarily through interest-based income and fee-based (non-interest) income. (1) Net interest income: The core revenue driver is the spread between interest earned on assets (loans/advances to retail, MSME, agriculture, and...
Canara Bank Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.62T | 1.54T | 1.38T | 1.08T | 928.10B | 932.59B |
| Gross Profit | 555.08B | 710.70B | 661.20B | 553.77B | 497.74B | 480.76B |
| EBITDA | 251.05B | 242.51B | 215.20B | 159.84B | 103.49B | 49.74B |
| Net Income | 173.29B | 175.40B | 152.79B | 112.55B | 61.25B | 28.91B |
Balance Sheet | ||||||
| Total Assets | 18.12T | 17.31T | 15.35T | 13.81T | 12.59T | 11.80T |
| Cash, Cash Equivalents and Short-Term Investments | 1.91T | 2.06T | 1.51T | 1.42T | 1.82T | 1.79T |
| Total Debt | 911.31B | 832.38B | 600.61B | 594.13B | 478.01B | 496.72B |
| Total Liabilities | 16.95T | 16.24T | 14.42T | 13.02T | 11.88T | 11.16T |
| Stockholders Equity | 1.15T | 1.05T | 921.33B | 780.54B | 699.61B | 624.10B |
Cash Flow | ||||||
| Free Cash Flow | -1.51T | -835.84B | 297.93B | -405.91B | 979.70M | 581.95B |
| Operating Cash Flow | -1.51T | 606.69B | 310.46B | -399.78B | 9.19B | 591.18B |
| Investing Cash Flow | 56.94B | -24.61B | -17.48B | -12.38B | -12.56B | -10.29B |
| Financing Cash Flow | 1.74T | -35.06B | 1.29T | 4.45B | 40.35B | 2.90B |
Canara Bank Technical Analysis
Positive
154.15
Price Trends
142.41
Negative
146.50
Negative
132.53
Positive
Market Momentum
-0.34
Negative
55.53
Neutral
90.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CANBK, the sentiment is Positive. The current price of 154.15 is above the 20-day moving average (MA) of 134.61, above the 50-day MA of 142.41, and above the 200-day MA of 132.53, indicating a neutral trend. The MACD of -0.34 indicates Negative momentum. The RSI at 55.53 is Neutral, neither overbought nor oversold. The STOCH value of 90.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CANBK.
Canara Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹1.44T | 5.78 | ― | 3.15% | 3.86% | 19.14% | |
81 Outperform | ₹1.44T | 7.03 | ― | 2.86% | 4.40% | -3.84% | |
75 Outperform | ₹1.29T | 6.69 | ― | 2.66% | 8.89% | 19.79% | |
75 Outperform | ₹1.30T | 6.40 | ― | 2.40% | 12.10% | 12.93% | |
69 Neutral | ₹1.27T | 8.96 | ― | 2.07% | 9.74% | 12.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹799.98B | 14.17 | ― | 2.08% | 11.31% | 37.17% |
* Financial Sector Average
IN:CANBK
Canara Bank
142.70
47.12
49.30%
IN:BANKBARODA
Bank of Baroda
280.85
39.52
16.38%
IN:IDBI
IDBI Bank Limited
74.09
-7.32
-8.99%
IN:INDIANB
Indian Bank
929.10
366.58
65.17%
IN:PNB
Punjab National Bank
113.75
14.38
14.47%
IN:UNIONBANK
Union Bank of India Limited
189.05
64.61
51.92%
Canara Bank Corporate Events
Canara Bank Files SEBI-Mandated Certificate on Share Demat Compliance
Apr 1, 2026
Canara Bank has notified the stock exchanges that it has received the requisite confirmation certificates from its Registrar and Transfer Agent for the quarter ended 31 March 2026, as mandated under Regulation 74(5) of the SEBI (Depositories and P...
Canara Bank Reaffirms Government’s 62.93% Stake, Confirms No Share Encumbrance in FY 2025-26
Apr 1, 2026
Canara Bank has confirmed that its promoter is the President of India, who holds 5,70,85,48,390 shares representing 62.93% of the bank’s total share and voting capital as of 31 March 2026. The disclosure, filed with BSE and NSE under SEBI...
Canara Bank Affirms Unencumbered Promoter Stakes in Key Subsidiaries
Apr 1, 2026
Canara Bank has disclosed to stock exchanges that, as promoter of Can Fin Homes, Canara HSBC Life Insurance Company and Canara Robeco Asset Management Company, it continues to hold a substantial stake in these entities, including 29.99% of the equ...
Canara Bank Updates Insider Trading Code Ahead of April 2026 Effective Date
Mar 4, 2026
Canara Bank has revised its Code of Conduct for Prohibition of Insider Trading in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and subsequent amendments, with the updated code taking effect from April 1, 2026. The bank ha...
Canara Bank Raises Rs 5,000 Crore via Basel III Tier II Bond Issue
Feb 27, 2026
Canara Bank has raised Rs 5,000 crore through an issue of Basel III-compliant Tier II bonds, Series I, structured as unsecured, subordinated, listed, rated, non-convertible, redeemable, fully paid-up, taxable debentures with a face value of Rs 1 c...
Canara Bank Warns of Possible Service Disruptions as Unions Call Strike for January 27, 2026
Jan 25, 2026
Canara Bank has disclosed that the United Forum of Bank Unions has issued a strike notice for Tuesday, January 27, 2026, over various issues and demands, which could disrupt normal banking operations. While the bank says it is taking necessary ste...
Canara Bank Schedules Q3 FY26 Results Media Meets and Earnings Call
Jan 21, 2026
Canara Bank has announced the schedule for its media interactions and earnings conference call related to the unaudited standalone and consolidated financial results for the third quarter and nine-month period ended 31 December 2025. The bank will...
Canara Bank Details 2026 Coupon and Principal Schedule for Basel III and Long-Term Bonds
Jan 14, 2026
Canara Bank has notified stock exchanges of the schedule of annual interest and principal payments, along with corresponding record dates, for its Basel III-compliant Additional Tier I, Tier II and long-term bonds falling due between 14 February 2...
Canara Bank Confirms Annual Interest and Redemption Payout on Debt Security
Jan 6, 2026
Canara Bank has notified the stock exchanges that it has completed the annual interest payment and redemption related to a specific debt security identified by ISIN INE476A08100. In compliance with regulatory requirements, the bank credited a tota...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.