Analyst Rating
based on 15 analysts
53.33%
Buy
13.33%
Hold
33.33%
Sell
Based on 15 analysts offering long term price targets for Canara Bank. An average target of ₹121.27
Source: S&P Global Market Intelligence
Canara Bank Share analysis
Canara Bank price forecast by 15 analysts
Upside of15.00%
High
₹145
Target
₹121.27
Low
₹83
Canara Bank target price ₹121.27, a slight upside of 15% compared to current price of ₹104.71. According to 15 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Canara Bank revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
Canara Bank EPS growth forecast
EPS estimate Q1, FY2026:12.95%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹102.72₹106.8552 Week's Low
52 Week's High
₹68.42₹128.9
| Returns % | |
| 1 Month Return | -4.05 % |
| 3 Month Return | -12.97 % |
| 1 Year Return | + 42.12 % |
| Market Stats | |
| Previous Close | ₹105.45 |
| Open | ₹106.00 |
| Volume | 1.90Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹95,650.02Cr |
Key Statistics
| P/E Ratio | 6.13 |
| PEG Ratio | 1.99 |
| Market Cap | ₹95,650.02 Cr |
| P/B Ratio | 1.35 |
| EPS | 16.296 |
| Dividend Yield | 2.77 |
| Sector | Banks |
| ROE | 20.22 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹95,650.02 Cr | 35.54% | NA | ₹15,278 Cr | ₹1,39,164 Cr | |
| HOLD | ₹50,425.35 Cr | 14.94% | NA | ₹6,564 Cr | ₹67,488 Cr | |
| BUY | ₹93,885.72 Cr | 24.32% | NA | ₹13,797 Cr | ₹1,18,188 Cr | |
| HOLD | ₹1,19,744.79 Cr | 15.11% | NA | ₹9,107 Cr | ₹1,23,222 Cr | |
| BUY | ₹68,028.42 Cr | 45.83% | NA | ₹8,419 Cr | ₹64,231 Cr |
Mutual Fund Holdings
Company Information
Canara Bank operates primarily in India but has a significant international presence with branches in the UK, UAE, Russia, South Africa, and several other countries. The bank has several subsidiaries, including Canara HSBC Life Insurance, Canara Robeco Asset Management, and Canbank Factors Limited, which cater to insurance, asset management, and factoring services, respectively. A notable fact about Canara Bank is its merger with Syndicate Bank in 2020, making it one of the largest public sector banks in India. The merger has enhanced its scale, expanded its network, and strengthened its market position in the Indian banking industry.
Share Price: ₹104.71 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹95,650.02Cr as of today
Revenue: ₹36,965.75Cr as on June 2024 (Q2 24)
Net Profit: ₹4,067.51Cr as on June 2024 (Q2 24)
Listing date: 23 Dec, 2002
Chairperson Name: Vijay Srirangan
| Organisation | Canara Bank |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for Canara Bank
Canara Bank Reports Strong Growth Amid Challenges - 16 Sep, 2024
Canara Bank reported a 10.9% YoY growth in net profit for Q2 2024, despite missing estimates slightly. The bank's focus on retail and MSME lending, along with digital initiatives, supports its growth strategy. With a 44.4% return over the past year, it outperformed sector indices. However, rising SMA 0 loans indicate some stress. Overall, the bank remains optimistic about maintaining margins and improving asset quality.
RBI Rejects Canara Bank's Credit Card Subsidiary Proposal - 10 Sep, 2024
The RBI has turned down Canara Bank's proposal to establish a credit card subsidiary, raising concerns about unsecured loans. Following this news, Canara Bank's shares fell by 0.45%. Despite the setback, the bank's credit card business continues to grow rapidly.
RBI Rejects Canara Bank's Credit Card Subsidiary Plan - 09 Sep, 2024
The Reserve Bank of India has rejected Canara Bank's proposal to establish a credit card subsidiary, hindering its plans to enhance its credit card business despite a 37% increase in cards issued over the past year.
Canara Bank Raises $300 Million via Bonds - 05 Sep, 2024
Canara Bank raised $300 million through a five-year bond issuance via its IFSC Banking Unit, demonstrating strong investor confidence and marking its return to the international bond market after five years.
Canara Bank Raises Funds Amid Downgrade Concerns - 04 Sep, 2024
Canara Bank plans to issue $300 million in notes through its IFSC Banking Unit. However, Morgan Stanley downgraded its shares, lowering the price target to Rs. 83.
Canara Bank Raises ₹3,000 Crore via Tier I Bonds - 30 Aug, 2024
Canara Bank successfully raised ₹3,000 crore through the issuance of Basel III compliant Tier I Bonds, carrying an 8.27% coupon rate, to fund business growth.
Canara Bank Raises Rs 3,000 Crore via Bonds - 29 Aug, 2024
Canara Bank successfully raised Rs 3,000 crore through non-convertible, taxable, perpetual Tier I Bonds, with an 8.27% coupon rate, to support its business growth.
Supreme Court Ruling Benefits Canara Bank Employees - 28 Aug, 2024
The Supreme Court ruled in favor of certain central government and PSU bank employees, including those at Canara Bank, facing termination threats due to caste de-scheduling by the Karnataka government.
Canara Bank Successfully Raises Rs 3,000 Crore - 27 Aug, 2024
Canara Bank raised Rs 3,000 crore through additional Tier-I bonds at an 8.27% coupon rate, below market expectations, indicating favorable conditions for future issuances.
Canara Bank Joins Nifty Bank Index Soon - 24 Aug, 2024
Canara Bank is set to replace Bandhan Bank in the Nifty Bank index, effective September 30, 2024, marking a significant milestone for the bank.
Canara Bank Plans Rs 3,000 Crore AT1 Bonds Issue - 22 Aug, 2024
Canara Bank is set to raise up to Rs 3,000 crore through an additional tier-I bonds issuance, with bids invited on August 27. The issue has a base size of Rs 1,000 crore and a greenshoe option of Rs 2,000 crore, rated AA+ by ICRA.
Canara Bank Plans ₹4,000 Crore Bond Issuance - 21 Aug, 2024
Canara Bank is set to raise up to ₹4,000 crore through additional tier-1 (AT-1) bonds, with bidding expected on August 28. The bond sale will have a base size of ₹2,000 crore and a greenshoe option of ₹2,000 crore, featuring a call option after five years.
Canara Bank Continues Upward Trend - 20 Aug, 2024
Canara Bank's stock rose 1.4% to Rs 111.44, marking its third consecutive session of gains. Over the past year, the stock has surged 69.8%, outperforming both NIFTY and the Nifty PSU Bank index. However, it has declined 2.89% in the last month. The stock's PE ratio stands at 6.68 based on TTM earnings.
Canara Bank Reports Mixed Quarter, EPS Upgraded - 19 Aug, 2024
Canara Bank's EPS estimates for FY25 were upgraded by 10%. The bank reported mixed quarterly results, with lower provisions offsetting muted net interest income. CASA ratio showed sequential moderation, while retail loan growth was strong. Management targets a 10% growth for the current fiscal year.
Canara Bank Targets Growth and Strategic Listings - 18 Aug, 2024
Canara Bank is focusing on increasing CASA deposits to 33% and plans to list its insurance and mutual fund subsidiaries. The bank reported a 10% profit rise in Q1 and is expected to replace Bandhan Bank in the Nifty Bank index, potentially attracting significant inflows.
Insights on Canara Bank
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 10.55% to 11.89% in Jun 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 3.79K Cr → 4.06K Cr (in ₹), with an average increase of 3.5% per quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 12.11% to 13.96% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 62.93% of holdings in Jun 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 3 months, CANBK stock has moved down by -13.0%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 5.82% to 3.49% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 37.38K Cr → 36.96K Cr (in ₹), with an average decrease of 1.1% per quarter
Canara Bank Infographics
Canara Bank Q1 FY2024-2025 Results: Key Insights
Canara Bank reported a 10% surge in Net profit YoY due to a decline in bad loans.
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 62.93% | 0.00 | |
| Foreign Institutions | 11.89% | 12.72 | |
| Mutual Funds | 3.49% | ||
| Retail Investors | 13.96% | 15.28 | |
| Others | 7.73% |
Key Indicators
Canara Bank Valuation
Canara Bank in the last 5 years
Lowest (-8.58x)
March 4, 2021
Today (6.13x)
September 18, 2024
Industry (15.74x)
September 18, 2024
Highest (35.86x)
April 2, 2019
Earnings and Dividends
Canara Bank Earnings Results
Canara Bank’s net profit jumped 8.79% since last year same period to ₹4,067.51Cr in the Q1 2024-2025. On a quarterly growth basis, Canara Bank has generated 2.93% jump in its net profits since last 3-months.
Read More about Earnings ResultsCanara Bank Dividends May,2024
In the quarter ending March 2024, Canara Bank has declared dividend of ₹3.22 - translating a dividend yield of 14.54%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Canara Bank is currently in a Bearish trading position according to technical analysis indicators.
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Canara Bank (CANBK) share price today is ₹104.71
Canara Bank is listed on NSE
Canara Bank is listed on BSE
- Today’s highest price of Canara Bank is ₹106.85.
- Today’s lowest price of Canara Bank is ₹102.72.
PE Ratio of Canara Bank is 6.13
PE ratio = Canara Bank Market price per share / Canara Bank Earnings per share
Today’s traded volume of Canara Bank(CANBK) is 1.90Cr.
Today’s market capitalisation of Canara Bank(CANBK) is ₹95650.02Cr.
| Canara Bank(CANBK | Price |
|---|---|
52 Week High | ₹128.9 |
52 Week Low | ₹68.42 |
Canara Bank(CANBK) share price is ₹104.71. It is down -18.77% from its 52 Week High price of ₹128.9
Canara Bank(CANBK) share price is ₹104.71. It is up 53.04% from its 52 Week Low price of ₹68.42
| Canara Bank(CANBK | Returns |
|---|---|
1 Day Returns | -0.74% |
1 Month Returns | -4.05% |
3 Month Returns | -12.97% |
1 Year Returns | 42.12% |