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Central Bank of India
(CENTRALBK)
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Rating:62Neutral
Price Target:
₹33.00
▲(6.80% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by improving fundamentals (stronger profitability and a sharp 2026 rebound in cash generation), tempered by higher leverage and historically volatile cash flows. Technical signals are bearish with the price below key moving averages and weak momentum, while valuation is a positive offset due to a low P/E and solid dividend yield.
Positive Factors
Improving Profitability
The shift from negative profitability in 2021 to positive net and operating margins indicates a meaningful improvement in earnings capacity, supporting stronger internal capital generation if operating performance remains sustained.
Negative Factors
Higher Leverage
The sharp rise in leverage reduces balance-sheet flexibility and can increase sensitivity to funding costs, credit losses and regulatory capital needs, potentially constraining future growth or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The shift from negative profitability in 2021 to positive net and operating margins indicates a meaningful improvement in earnings capacity, supporting stronger internal capital generation if operating performance remains sustained.
Read all positive factors
Central Bank of India (CENTRALBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹282.95B
Dividend Yield4.47%
Average Volume (3M)551.31K
Price to Earnings (P/E)6.2
Beta (1Y)1.49
Revenue Growth5.72%
EPS Growth3.77%
CountryIN
Employees33,997
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.04
Shares Outstanding9,051,401,000
10 Day Avg. Volume611,297
30 Day Avg. Volume551,307
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)0.73
Price to Sales (P/S)0.67
P/FCF Ratio1.47
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)4.9
Revenue Forecast (FY)₹231.48B
Central Bank of India Business Overview & Revenue Model
Company Description
Central Bank of India functions as a prominent commercial banking entity throughout India, providing a wide array of financial products and services to both individual and corporate clients. Its offerings for personal customers include various dep...
How the Company Makes Money
Central Bank of India primarily earns money through (1) interest income and (2) fee and other non-interest income. Interest income is generated by lending and investing: the bank collects interest on loans and advances (e.g., retail, MSME, agricul...
Central Bank of India Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 427.82B | 425.83B | 396.92B | 355.77B | 297.43B | 258.62B |
| Gross Profit | 191.40B | 191.18B | 198.63B | 176.94B | 158.38B | 125.01B |
| EBITDA | 64.72B | 70.88B | 45.01B | 31.76B | 20.74B | 13.61B |
| Net Income | 45.65B | 45.24B | 39.34B | 26.68B | 16.79B | 10.57B |
Balance Sheet | ||||||
| Total Assets | 5.59T | 5.51T | 4.80T | 4.48T | 4.07T | 3.87T |
| Cash, Cash Equivalents and Short-Term Investments | 371.06B | 378.35B | 361.97B | 376.08B | 441.02B | 530.97B |
| Total Debt | 288.19B | 318.54B | 218.20B | 207.23B | 65.70B | 58.99B |
| Total Liabilities | 5.18T | 5.12T | 4.43T | 4.15T | 3.78T | 3.60T |
| Stockholders Equity | 409.58B | 390.01B | 368.81B | 323.74B | 292.89B | 275.49B |
Cash Flow | ||||||
| Free Cash Flow | -293.22B | 193.18B | -29.15B | -322.63B | -89.99B | 141.19B |
| Operating Cash Flow | -291.84B | 197.76B | -24.60B | -316.76B | -87.86B | 142.77B |
| Investing Cash Flow | -1.37B | -725.98B | -4.51B | -5.84B | -2.09B | -1.33B |
| Financing Cash Flow | 314.31B | 544.60B | 15.00B | 257.66B | 166.11B | 128.36B |
Central Bank of India Technical Analysis
Negative
30.90
Price Trends
31.83
Negative
32.76
Negative
34.81
Negative
Market Momentum
-0.18
Negative
43.61
Neutral
42.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CENTRALBK, the sentiment is Negative. The current price of 30.9 is below the 20-day moving average (MA) of 31.20, below the 50-day MA of 31.83, and below the 200-day MA of 34.81, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 42.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CENTRALBK.
Central Bank of India Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹322.72B | 11.76 | ― | 0.77% | 15.05% | 36.88% | |
69 Neutral | ₹327.41B | 11.66 | ― | 1.35% | ― | ― | |
62 Neutral | ₹282.95B | 6.20 | ― | 4.49% | 5.72% | 3.77% | |
58 Neutral | ₹648.37B | 11.00 | ― | ― | 13.06% | 50.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹279.12B | 20.63 | ― | 0.90% | -2.19% | -34.11% | |
53 Neutral | ₹167.88B | 12.14 | ― | 0.26% | 2.53% | 21.26% |
* General Sector Average
IN:CENTRALBK
Central Bank of India
31.05
-4.62
-12.96%
IN:BANDHANBNK
Bandhan Bank Ltd.
170.40
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-1.28%
IN:IOB
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33.26
-4.52
-11.96%
IN:KARURVYSYA
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333.80
116.49
53.61%
IN:PSB
Punjab & Sind Bank Ltd.
23.27
-5.44
-18.95%
IN:UCOBANK
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25.90
-2.81
-9.79%
Central Bank of India Corporate Events
Central Bank of India AGM Clears Board Changes, ₹7,000 Crore Equity Plan
Jul 31, 2026
Central Bank of India held its nineteenth annual general meeting on July 31, 2026 via video conference, where shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026 and confirmed four i...
Central Bank of India Revises Q1 FY 2026-27 Provisional Business Figures
Jul 3, 2026
Central Bank of India has reported revised provisional key business figures for the first quarter of FY 2026-27, indicating continued expansion in its core banking operations. The bank’s total global business stood at ₹8.34 lakh crore ...
Central Bank of India posts double-digit growth in Q1 provisional business
Jul 2, 2026
Central Bank of India reported provisional key business figures for the first quarter of FY 2026-27, highlighting steady growth in both deposits and advances. Total global business rose to ₹8.34 lakh crore, reflecting year-on-year growth of ...
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.