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Canara Bank share Price Today

Company details

113.20
115.20
58.27
126.58
6M Return 39.67%
1Y Return 87.54%
Mkt Cap.(Cr) 20,644.80
Volume 39,194,579
Div Yield 2.81%
OI
-
OI Chg %
-
Volume 39,194,579

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Canara Bank announced FY24 results:

Financial Highlights:

  • Global business stood at Rs 22,72,968 crore grew by 11.31%.
  • Gross Advances stood at Rs 9,60,602 crore grew by 11.34%.
  • Global Deposit stood at Rs 13,12,366 crore grew by 11.29%.
  • Net-Interest Income grew by 11.18%.
  • Net Profit stood at Rs 3,757 crore grew by 18.33%.
  • Return on Assets stood at 1.01% improved by 20 bps.
  • Provision Coverage Ratio (PCR) at 89.10% improved by 179 bps.
  • Credit Cost at 0.96% down by 21 bps.
  • Gross NPA Ratio stood at 4.23% down by 112 bps.
  • Net NPA Ratio stood at 1.27% down by 46 bps.
  • RAM Credit grew by 13.52%.
  • Retail Credit grew by 11.68 % with Housing loan at 10.81 % and Vehicle loan at 14.03%.
  • Agriculture & Allied grew by 18.69% with Portfolio amount of Rs.2,53,206 crore.
  • Net Interest Margin stood at 3.05% improved by 10 bps.
  • Return on Equity stood at 22.06% improved by 257 bps.
  • The Board of Directors has recommended a dividend of Rs 16.10 per equity share (i.e.161% of face value of Rs 10 per share) for the year ended on 31.03.2024 subject to requisite approvals.

Result PDF

View Other Company Results

Canara Bank shares SWOT Analysis

Strengths (9)

  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (1)

  • Red Flag: High Interest Payments Compared to Earnings

Opportunity (2)

  • Decrease in NPA in recent results
  • Stock with Low PE (PE < = 10)

Threats (1)

  • Increase in Provisions in Recent Results

Resistance and support

R1 114.9
R2 115.3
R3 115.8
Pivot

114.48

S1 114.1
S2 113.6
S3 113.2
EMA SMA
116.1
115.1
108.5
96.3
117.7
117.0
108.9
91.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-04-23 599.8 7040712 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Sell 2024-04-23 599.8 6835174 NSE
MARSHALL WACE INVESTMENT STRATEGIES-GLOBAL FINANCIALS MARKET NEUTRAL FUND Block Sell 2024-04-23 599.8 205538 NSE
Name Category Shares
PRESIDENT OF INDIA PROMOTER 62.93%

OUR RESEARCH VIEW

Investment recommendation
Call Date
30 Oct 2023
Entry Price 377.00
Target Price 430.00
Duration
3 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Canara Bank Stocks COMPARISON

Financials( in Cr) Canara Bank HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 113.80 1,464.10 1,130.50 817.85 1,141.35
% Change -4.37 1.78 0.55 -0.30 1.18
Mcap Cr 20,644.80 1,112,263.74 793,875.08 729,899.39 352,285.67
Revenue TTM Cr 85,884.73 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 10,807.80 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 6.80 17.38 17.94 10.12 13.38
1 Year Return 87.54 -12.63 19.53 40.55 24.63
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 16.37 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 78,053.75 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 44,248.95 -31,659.16
LAST 3M 105,886.10 -43,482.14
LAST 6M 173,149.22 48,654.40
LAST 12M 264,707.07 127,969.33
Canara Bank - Dividend Updates

May 17, 2024 l NSE Announcement

Canara Bank - Analysts/Institutional Investor Meet/Con. Call Updates

May 15, 2024 l NSE Announcement

Date Action Type Ratio
Jun 14, 2024 Dividend 161
May 15, 2024 Split 1:5
Jun 14, 2023 Dividend 120

Canara Bank Information

Stock PE (TTM)
6.8
Promoter Holding
62.93%
Book Value
93.3163
ROE
16.37%
Description
  • Canara Bank Limited is a banking company having a market capitalization of Rs. 25,878 crores as of 18th August 2021. The company was incorporated on 1st July 1906. It reported a consolidated Net Interest Income (NII) of Rs. 17,055.36 crores for the quarter ended June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 532483 and scrip code CANBK. As of 18th August 2021, the shares of Canara Bank were trading at Rs. 157.15.

    Canara Bank’s segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, and Other Banking Operations. It is one of India’s three largest nationalized banks under the ownership of the Ministry of Finance, Government of India. The bank is headquartered in Bengaluru and has offices in London, Dubai, Hong Kong, and New York. The board approved the merger of Canara Bank with Syndicate Bank of directors on 13th September 2019, and it received the Cabinet approval on 4th March 2020. The merger was completed on 1st April 2020, and as a result, shareholders of Syndicate Bank received 158 equity shares in Canara Bank for every 1,000 shares they hold. The promoters within the company hold 69.33% in June 2021, a decrease from 78.55% in the year-ago period. The company has zero pledge.

    In June 2021, the public sector lender reported its numbers, and net profit was up almost three times at Rs. 1,777.47 crores compared to Rs. 406.24 crores in the corresponding quarter in the financial year 2020-21. And also, the total income for the June 2021 quarter was Rs. 21,210.06 crores, a slight increase from Rs. 20,685.91 crores in June 2020 quarter. The bank is also planning to raise Rs. 9,000 crores through a debt-equity combination to finance its capital base to fund growth in the financial year 2021-22. Its Gross Non-Performing Assets fell 8.50% at the end of June 2021 from 8.40% at the end of June 2020. EPS of the bank was Rs. 7.50 for the quarter of June 2021 as against Rs. 7.26 in March 2021.

    The 52-week low for Canara Bank share price was Rs. 268.80 and 52 week high was Rs. 454.70. Over the past 6 months, the Canara Bank share price has increased by 47.62% and in the last one year, it has increased by 32.56%. Canara Bank share price as on 03 January 2023 is Rs.445.60.

Registered Address

Canara Bank Buildings, 112 J C Road, Bangaluru, Karnataka, 560002

Tel : 91-080-22100250
Email : hosecretarial:canarabank.com, edscrt2:canarabank.c
Website : http://www.canarabank.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532483
NSE Code : CANBK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE476A01022

FAQ’s on Canara Bank Shares

You can buy Canara Bank shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Canara Bank Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:59 PM the closing price of Canara Bank was Rs.113.80.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:59 PM, the market cap of Canara Bank stood at Rs. 20,644.80.

The latest PE ratio of Canara Bank as of May 17, 2024 03:59 PM is 6.80

The latest PB ratio of Canara Bank as of May 17, 2024 03:59 PM is 0.82

The 52-week high of Canara Bank share price is Rs. 126.58 while the 52-week low is Rs. 58.27

According to analyst recommendations, Canara Bank Share has a "Buy" rating for the long term.

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