Canara Bank (IN:CANBK)
:CANBK
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Canara Bank
(CANBK)
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Rating:75Outperform
Price Target:
₹177.00
▲(14.82% Upside)
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
Improving profitability and margins
Canara Bank's income statement shows sustained margin expansion and better net profit margins driven by revenue growth and cost control. This indicates durable earnings quality, improving operating leverage and resilience to cyclical revenue swings over the next several quarters.
Negative Factors
Sensitivity to credit and provisioning
A large portion of profitability depends on asset quality and provisioning levels; deteriorating credit or higher regulatory provisions can erode earnings quickly. This structural exposure makes long-term profit visibility contingent on sustained credit-cycle stability and conservative underwriting.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and margins
Canara Bank's income statement shows sustained margin expansion and better net profit margins driven by revenue growth and cost control. This indicates durable earnings quality, improving operating leverage and resilience to cyclical revenue swings over the next several quarters.
Read all positive factors
Canara Bank (CANBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.17T
Dividend Yield2.66%
Average Volume (3M)1.71M
Price to Earnings (P/E)6.7
Beta (1Y)1.43
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)21.05
Revenue Forecast (FY)₹655.93B
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 primarily generates revenue through interest income, which constitutes the bulk of its earnings. The bank earns interest from loans it disburses to individuals and businesses, including personal loans, home loans, and corporate loans. ...
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
Negative
154.15
Price Trends
147.84
Negative
147.31
Negative
130.73
Negative
Market Momentum
-4.65
Positive
32.43
Neutral
18.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CANBK, the sentiment is Negative. The current price of 154.15 is above the 20-day moving average (MA) of 144.38, above the 50-day MA of 147.84, and above the 200-day MA of 130.73, indicating a bearish trend. The MACD of -4.65 indicates Positive momentum. The RSI at 32.43 is Neutral, neither overbought nor oversold. The STOCH value of 18.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹1.33T | 5.78 | ― | 3.15% | 3.86% | 19.14% | |
81 Outperform | ₹1.37T | 7.03 | ― | 2.86% | 4.40% | -3.84% | |
75 Outperform | ₹1.17T | 6.69 | ― | 2.66% | 8.89% | 19.79% | |
75 Outperform | ₹1.23T | 6.40 | ― | 2.40% | 12.10% | 12.93% | |
69 Neutral | ₹1.13T | 8.96 | ― | 2.07% | 9.74% | 12.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹724.17B | 14.17 | ― | 2.08% | 11.31% | 37.17% |
* Financial Sector Average
IN:CANBK
Canara Bank
133.15
47.77
55.95%
IN:BANKBARODA
Bank of Baroda
270.75
55.18
25.60%
IN:IDBI
IDBI Bank Limited
67.10
-9.82
-12.77%
IN:INDIANB
Indian Bank
871.45
342.52
64.76%
IN:PNB
Punjab National Bank
107.25
16.15
17.73%
IN:UNIONBANK
Union Bank of India Limited
173.95
54.69
45.86%
Canara Bank Corporate Events
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...
Canara Bank Gives Executive Director Hardeep Singh Ahluwalia Interim Charge as MD & CEO
Dec 31, 2025
Canara Bank has announced that Executive Director Hardeep Singh Ahluwalia has been given additional charge as Managing Director and Chief Executive Officer from 1 January 2026, following the superannuation of incumbent MD CEO K. Satyanarayana Raj...
Canara Bank Files SEBI Cybersecurity Compliance and VAPT Audit Reports
Dec 29, 2025
Canara Bank has submitted compliance certificates and related reports to the stock exchanges confirming adherence to SEBI’s Cybersecurity and Cyber Resilience Framework (SEBI-CSCRF), as mandated under a 2024 SEBI circular. The bank has discl...
Canara Bank Completes Timely Interest Payout and Full Redemption of Rs 750-Crore Tier II Bonds
Dec 18, 2025
Canara Bank has notified the stock exchanges that it has timely completed the annual interest payment and full redemption of its unsecured, redeemable, non-convertible, fully paid-up, Basel III-compliant Tier II bonds with ISIN INE667A08047 on 18 ...
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.