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Canara Bank (IN:CANBK)
:CANBK
India Market
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Canara Bank (CANBK) AI Stock Analysis

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IN:CANBK

Canara Bank

(CANBK)

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Outperform 70 (OpenAI - 4o)
Rating:70Outperform
Price Target:
₹117.00
▼(-7.18% Downside)
Canara Bank's strong financial performance and attractive valuation are key strengths, supporting a solid overall score. However, current bearish technical indicators suggest caution in the short term. The absence of recent earnings call data and corporate events limits additional insights.

Canara Bank (CANBK) vs. iShares MSCI India ETF (INDA)

Canara Bank Business Overview & Revenue Model

Company DescriptionCanara 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 deposits, deposit schemes for senior citizens, and re-investment plans; loan products, including housing, home improvement, vehicle, site, rent, teachers, gold, mortgage, housing-cum-solar, consumer, education, rain water harvesting, and other loans; life, general, and health insurance products; consultancy services, which cover personal tax assistance and investment counselling, estate and wills, private and charitable trustee, debenture and security trusteeship, and attorney ship services; foreign exchange and international banking services; mutual funds; and safe deposit lockers, depository, safe custody, and card services. The company also provides corporate banking products and services, including accounts and deposits, such as current, fixed, and recurring deposits; supply chain finance management; loans and advances comprising working capital finance, term loans, infrastructure financing, and export finance; syndication services; IPO monitoring services; and merchant and commercial banking, escrow bankers/ASBA, underwriting, and investment services. In addition, it offers NRI banking products and services, such as remittance facilities; loans and advances, such as home, home improvement, vehicle, rent, mortgage, and site loans; consultancy safe deposit lockers, safe custody, and attorney ship services; and investment and online trading facilities. Further, the company provides internet, micro, small, and medium enterprises banking services. As of March 31, 2022, it operated 9734 branches, including 777 specialized branches and 3 overseas branches; and 12,208 ATMs. Canara Bank was incorporated in 1906 and is headquartered in Bengaluru, India.
How the Company Makes MoneyCanara Bank generates revenue primarily through interest income from its lending activities, which include personal loans, home loans, corporate loans, and agricultural loans. The bank also earns income through fees and commissions from various services such as processing fees for loans, transaction fees for banking services, and commissions on insurance and investment products. Additionally, Canara Bank gains revenue from treasury operations, where it invests in government securities, bonds, and other financial instruments. Partnerships with insurance companies and mutual funds providers further contribute to its earnings by offering bancassurance and mutual fund distribution services.

Canara Bank Financial Statement Overview

Summary
Canara Bank showcases a solid financial performance with strong revenue growth, improved net profit margins, and robust cash flows. The balance sheet is stable with a healthy debt-to-equity ratio, indicating effective resource management.
Income Statement
85
Very Positive
Canara Bank has demonstrated strong revenue growth over the years, with a notable increase from 2020 to 2025. The gross profit margin is robust, indicating effective cost management. The net profit margin has improved significantly, reflecting enhanced profitability. The EBIT and EBITDA margins have shown a healthy upward trend, indicating operational efficiency.
Balance Sheet
80
Positive
The balance sheet reveals a strong equity position with a healthy debt-to-equity ratio, suggesting a balanced leverage strategy. The return on equity has improved over the years, highlighting effective utilization of shareholder funds. The equity ratio indicates stability, with a significant portion of assets funded by equity, reducing financial risk.
Cash Flow
78
Positive
Cash flow analysis shows a substantial increase in operating cash flow, supporting expansion and shareholder returns. Free cash flow has grown significantly, enhancing financial flexibility. The operating cash flow to net income ratio is favorable, indicating effective cash generation relative to profits.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.28T1.54T1.38T1.08T928.10B932.59B
Gross Profit730.87B710.70B661.20B553.77B497.74B480.76B
EBITDA242.67B242.51B215.20B159.84B103.49B49.74B
Net Income166.67B175.40B152.79B112.55B61.25B28.91B
Balance Sheet
Total Assets17.78T17.31T15.35T13.81T12.58T11.80T
Cash, Cash Equivalents and Short-Term Investments2.06T2.06T1.51T1.42T1.82T1.79T
Total Debt1.20T896.65B1.56T1.44T1.05T1.00T
Total Liabilities16.68T16.24T14.42T13.02T11.87T11.16T
Stockholders Equity1.09T1.05T921.33B780.54B699.61B624.10B
Cash Flow
Free Cash Flow0.00-835.84B297.93B-405.91B979.70M581.95B
Operating Cash Flow0.00606.69B310.46B-399.78B9.19B591.18B
Investing Cash Flow0.00-24.61B-17.48B-12.38B-12.56B-10.29B
Financing Cash Flow0.00-35.06B1.29T4.45B40.35B2.90B

Canara Bank Technical Analysis

Technical Analysis Sentiment
Positive
Last Price126.05
Price Trends
50DMA
112.96
Positive
100DMA
111.89
Positive
200DMA
100.93
Positive
Market Momentum
MACD
4.22
Negative
RSI
67.79
Neutral
STOCH
83.62
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 126.05 is above the 20-day moving average (MA) of 120.09, above the 50-day MA of 112.96, and above the 200-day MA of 100.93, indicating a bullish trend. The MACD of 4.22 indicates Negative momentum. The RSI at 67.79 is Neutral, neither overbought nor oversold. The STOCH value of 83.62 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹1.35T6.963.19%7.78%2.18%
74
Outperform
₹992.66B12.542.30%16.28%25.78%
74
Outperform
₹1.06T5.623.43%7.65%28.06%
70
Outperform
₹1.16T6.283.17%9.22%18.54%
68
Neutral
₹1.31T7.802.57%15.52%37.23%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:CANBK
Canara Bank
126.05
25.55
25.42%
IN:BANKBARODA
Bank of Baroda
264.05
25.96
10.90%
IN:IDBI
IDBI Bank Limited
91.24
9.14
11.13%
IN:INDIANB
Indian Bank
766.80
255.76
50.05%
IN:PNB
Punjab National Bank
114.30
13.67
13.58%
IN:UNIONBANK
Union Bank of India Limited
137.80
27.54
24.98%

Canara Bank Corporate Events

Canara Bank Elects New Shareholder Directors
Jul 27, 2025

Canara Bank has announced the election of two new Shareholder Directors, Ms. Abha Singh Yaduvanshi and Shri Gunjeet Singh Pannu, effective from July 27, 2025, for a three-year term. This change in directorship aims to strengthen the bank’s governance and bring diverse expertise to its board, potentially impacting its strategic direction and stakeholder interests positively.

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.Date of analysis: Sep 03, 2025