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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 80 (OpenAI - 4o)
Rating:80Outperform
Price Target:
₹146.00
▲(13.40% Upside)
Canara Bank's strong financial performance and attractive valuation are the primary drivers of its high score. The technical indicators support a positive outlook, reinforcing the stock's potential for growth. The absence of earnings call data and corporate events does not detract from the overall positive assessment.

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

Canara Bank Business Overview & Revenue Model

Company DescriptionCanara Bank (CANBK) is one of India's leading public sector banks, established in 1906 and headquartered in Bangalore. It operates in the banking and financial services sector, offering a wide range of products and services including retail banking, corporate banking, treasury operations, and various financial services. The bank serves millions of customers through an extensive network of branches and ATMs across India, catering to both individual and corporate clients with services like savings accounts, loans, credit cards, and investment products.
How the Company Makes MoneyCanara 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. Additionally, Canara Bank earns non-interest income through various fees and commissions associated with its services, such as account maintenance fees, transaction fees, and service charges for financial products. Investment income from its holdings in government securities and other financial instruments also contributes to its revenue. Furthermore, the bank engages in wealth management and insurance services, which add to its overall earnings. Strategic partnerships with other financial institutions and technology firms enhance its offerings and operational efficiency, thereby boosting its profitability.

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 Price128.75
Price Trends
50DMA
117.90
Positive
100DMA
114.48
Positive
200DMA
102.91
Positive
Market Momentum
MACD
2.82
Positive
RSI
61.39
Neutral
STOCH
71.80
Neutral
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 128.75 is above the 20-day moving average (MA) of 126.81, above the 50-day MA of 117.90, and above the 200-day MA of 102.91, indicating a bullish trend. The MACD of 2.82 indicates Positive momentum. The RSI at 61.39 is Neutral, neither overbought nor oversold. The STOCH value of 71.80 is Neutral, 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
₹1.04T5.553.25%7.65%28.06%
₹1.37T7.033.04%7.78%2.18%
₹1.16T6.153.11%9.22%18.54%
₹1.01T10.882.06%11.31%37.17%
₹1.31T7.672.40%12.10%12.93%
$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
128.75
29.65
29.92%
IN:BANKBARODA
Bank of Baroda
274.50
31.67
13.04%
IN:IDBI
IDBI Bank Limited
101.88
20.04
24.49%
IN:INDIANB
Indian Bank
854.75
278.33
48.29%
IN:PNB
Punjab National Bank
121.15
26.06
27.41%
IN:UNIONBANK
Union Bank of India Limited
146.15
32.89
29.04%

Canara Bank Corporate Events

Canara Bank Announces Q2 Financial Results Schedule
Oct 21, 2025

Canara Bank has announced a schedule for a media meet and earnings conference call to discuss its unaudited financial results for the second quarter and half-year ending September 30, 2025. The bank will hold a media interaction on October 30 and 31, 2025, followed by an earnings call with analysts and investors on October 30. This announcement is significant as it provides stakeholders with insights into the bank’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

Canara Bank Reduces Stake in Canara HSBC Life Insurance
Oct 17, 2025

Canara Bank has announced the divestment of its stake in Canara HSBC Life Insurance Company Limited, reducing its holding from 51% to 36.50% through an Initial Public Offering. This strategic move led to the listing of Canara HSBC Life Insurance on the National Stock Exchange of India Limited and BSE Limited, marking a significant development in the company’s operations and potentially impacting its market positioning and stakeholder interests.

Canara Bank’s Subsidiary Files for Public Offering
Oct 5, 2025

Canara Bank has announced that its subsidiary, Canara HSBC Life Insurance Company Limited, has filed a Red Herring Prospectus with the Registrar of Companies. This move is a significant step towards a potential public offering, which could enhance the subsidiary’s market presence and provide additional capital for expansion, potentially impacting Canara Bank’s overall market positioning and offering new opportunities for stakeholders.

Canara Bank’s Subsidiary Files Red Herring Prospectus
Oct 4, 2025

Canara Bank announced that its subsidiary, Canara Robeco Asset Management Company Limited, has filed a Red Herring Prospectus with the Registrar of Companies. This move indicates a strategic step towards potential public offering, which could enhance the subsidiary’s market positioning and provide growth opportunities.

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: Oct 23, 2025