Canara Bank Share PriceCanara Bank

-1.85 (-0.42%)
As on 07 December, 2023 | 19:58 BSE: 532483 NSE: CANBKISIN: INE476A01014

Canara Bank Performance

Day Range

  • Low 429.85
  • High 439.15
₹ 435.6

52 Week Range

  • Low 268.80
  • High 441.30
₹ 435.6
  • Open Price436.45
  • Previous Close437.45
  • Volume5740979

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Canara Bank Share Price

  • Over 1 Month 12.4%
  • Over 3 Month 28.63%
  • Over 6 Month 38.29%
  • Over 1 Year 38.77%

Canara Bank Key Statistics

P/E Ratio 5.7
PEG Ratio 0.1
Market Cap Cr 79,024
Price to Book Ratio 1.1
EPS 56.7
Dividend 2.8
Relative Strength Index 76.07
Money Flow Index 70.78
MACD Signal 9.51
Average True Range 10.07

Canara Bank Investment Rating

  • Master Rating:
  • Canara Bank (Nse) has an operating revenue of Rs. 126,262.74 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 13% is healthy, ROE of 15% is good. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 32% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 59 which is a POOR score indicating inconsistency in earnings, a RS Rating of 69 which is FAIR indicating the recent price performance, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 142 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Canara Bank Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 26,83825,00423,91022,23120,10718,17717,862
Operating Expenses Qtr Cr 5,9225,8816,1405,6345,3545,3545,265
Operating Profit Qtr Cr 7,6167,6047,2526,9526,9056,6066,202
Depreciation Qtr Cr 0000000
Interest Qtr Cr 17,93516,33815,29313,63112,67311,39210,856
Tax Qtr Cr 1,4011,350983949743894827
Net Profit Qtr Cr 3,6063,5353,1752,8822,5252,0221,666
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 103,18785,907
Operating Expenses Annual Cr 22,48119,792
Operating Profit Annual in Cr 27,71623,089
Depreciation Cr 993816
Interest Annual Cr 52,98943,026
Tax Annual Cr 3,5693,283
Net Profit Annual Cr 10,6045,678
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr -40,676268
Cash from Investing Activity Annual Cr -390-657
Cash from Financing Annual Activity Cr 4354,035
Net Cash Flow Annual Cr -40,6313,646
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 73,60766,111
Fixed Assets Annual Cr 10,23111,356
Total Non Current Assets Annual Cr 00
Total Current Assets Annual Cr 1,016,463933,610
Total Assets Annual Cr 1,345,7321,226,980
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 406364
ROE Annual % 1610
ROCE Annual % 66
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 00
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 27,29025,45124,30422,56120,48218,53718,227
Operating Expenses Qtr Cr 8,2508,2709,1567,7077,6895,6947,097
Operating Profit Qtr Cr 7,7077,6537,3267,0096,9896,6506,566
Depreciation Qtr Cr 0000000
Interest Qtr Cr 17,93416,33715,29213,62212,68111,39610,856
Tax Qtr Cr 1,4211,359996963757903870
Net Profit Qtr Cr 3,8603,7393,3373,0332,7062,1801,919
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 111,21094,257
Operating Expenses Annual Cr 30,24527,924
Operating Profit Annual in Cr 27,97423,298
Depreciation Cr 1,021841
Interest Annual Cr 52,99043,035
Tax Annual Cr 3,6193,350
Net Profit Annual Cr 11,2556,125
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr -39,978919
Cash from Investing Activity Annual Cr -1,238-1,256
Cash from Financing Annual Activity Cr 4454,035
Net Cash Flow Annual Cr -40,7703,699
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 78,05469,961
Fixed Assets Annual Cr 10,33411,450
Total Non Current Assets Annual Cr 00
Total Current Assets Annual Cr 1,017,803934,867
Total Assets Annual Cr 1,381,0301,257,664
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 430386
ROE Annual % 1610
ROCE Annual % 66
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 00

Canara Bank Technicals


Current Price
-1.85 (-0.42%)
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹407.65
  • 50 Day
  • ₹388.75
  • 100 Day
  • ₹368.23
  • 200 Day
  • ₹341.26
  • 20 Day
  • ₹404.81
  • 50 Day
  • ₹386.72
  • 100 Day
  • ₹363.18
  • 200 Day
  • ₹331.64

Canara Bank Resistance and Support

First Resistance 439.88
Second Resistance 444.17
Third Resistance 449.18
RSI 76.07
MFI 70.78
MACD Single Line 9.51
MACD 13.04
First Resistance 430.58
Second Resistance 425.57
Third Resistance 421.28

Canara Bank Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 6,075,309 199,209,382 32.79
Week 9,510,828 323,177,942 33.98
1 Month 6,267,803 228,837,484 36.51
6 Month 8,305,945 281,903,788 33.94

Canara Bank Result Highlights

Canara Bank Synopsis

NSE-Banks-Money Center

Canara Bank is a Public Limited Listed company incorporated on 01/07/1906 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.
Market Cap 78,987
Sales 116,198
Shares in Float 67.12
No of funds 361
Yield 2.76
Book Value 1.2
U/D Vol ratio 1.5
LTDebt / Equity 79
Alpha 0.05
Beta 1.88

Canara Bank

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 62.93%62.93%62.93%62.93%
Mutual Funds 4.83%4.62%4.53%4.77%
Insurance Companies 8.79%10.24%10.59%10.81%
Foreign Portfolio Investors 10.19%8.91%8.95%8.74%
Financial Institutions/ Banks 0.27%0.28%0.27%
Individual Investors 10.45%10.65%10.33%10.04%
Others 2.81%2.38%2.39%2.44%

Canara Bank Management

Name Designation
Mr. Vijay Srirangan Non Executive Chairman
Mr. K Satyanarayana Raju Managing Director & CEO
Mr. Brij Mohan Sharma Executive Director
Mr. Debashish Mukherjee Executive Director
Mr. Ashok Chandra Executive Director
Mr. Hardeep Singh Ahluwalia Executive Director
Ms. Nalini Padmanabhan Part Time Non Official Director
Mr. Dibakar Prasad Harichandan Part Time Non Official Director
Mr. Bimal Prasad Sharma Shareholder Director
Mr. Karunakara Shetty Shareholder Director
Ms. Abha Singh Yaduvanshi Shareholder Director
Mr. Suchindra Misra Government Nominee Director
Mr. R Kesavan Nominee Director

Canara Bank Forecast

Price Estimates


Other Analyst Rating

Canara Bank Corporate Action

Date Purpose Remarks
2023-10-26 Quarterly Results
2023-07-24 Quarterly Results
2023-06-28 Others Inter alia, to consider and approve the Capital Raising Plan of the Bank for the financial year 2023-24. alia, for raising of capital of up to Rs. 2000 crore by way of qualified institutions placement at their meeting held on September 25, 2020 and approval of Shareholders of the Bank.
2023-05-08 Audited Results & Dividend
2023-01-23 Quarterly Results
Date Purpose Remarks
2023-06-14 FINAL Rs.12.00 per share(120%)Dividend
2022-06-16 FINAL Rs.6.50 per share(65%)Dividend

Canara Bank MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 63,981
Parag Parikh Flexi Cap Regular Growth 44,038
Kotak Equity Arbitrage Fund Growth 28,958
SBI Balanced Advantage Fund Regular Growth 24,344
SBI Arbitrage Opportunities Fund Regular Growth 22,370

About Canara Bank

Canara Bank holds a prominent position among India's commercial banks. It was founded in 1906 in Mangalore, Karnataka, by the esteemed Mr Ammembal Subba Rao Pai. Formerly known as Canara Bank Hindu Permanent Fund, the bank adopted Canara Bank Limited.

The founder envisioned the bank as a financial institution and a force for positive social change. His vision included endeavours to dispel ignorance and superstitions, foster a savings culture, and extend assistance to those in need while promoting a sense of humanity.

Alongside its all-inclusive banking services, Canara Bank has achieved several significant milestones. It notably launched India's first Inter-City ATM network, received the ISO Certification for one of the branches - a pioneering achievement in the banking sector, and introduced credit cards for farmers while offering the Agricultural Consultancy Services, a first-of-its-kind initiative in the country.

The bank caters to diverse customers, providing various value-added banking services. These services encompass Personal Banking, Corporate Banking, NRI Banking, and ME Credit & Priority S Services, reflecting Canara Bank's commitment to meeting the needs of different segments of society.

The History of Canara Bank

A philanthropist named Ammembal Subba Rao Pai founded Canara Hindu Permanent Fund on 1st July 1906 in Mangalore, India.

In 1961, Canara Bank made its first acquisition by taking over the Bank of Kerala, which was established in 1944 and had three branches during the time of acquisition on 20th May 1961. The 2nd bank acquired by Canara Bank was the Seasia Midland Bank, founded on 26th July 1930, with seven branches during the takeover.

The RBI directed Canara Bank to acquiring G. Raghumathmul Bank in 1958 in Hyderabad. The bank, established in the year 1870 and converted into a limited company, had five branches at the time of acquisition, which came into action in 1961. Additionally, in the same year, Canara Bank attained the Trivandrum Permanent Bank, established in 1899, and had 14 branches during the merger.

Four banks were acquired by Canara Bank in 1963: 

● Sree Poornathrayeesa Vilasam Bank

● Thrippunithura; Arnad Bank, Tiruchirapalli

● Pandyan Bank, Madurai

● Cochin Commercial Bank, Cochin

Sree Poornathrayeesa Vilasam Bank, founded on 21st February 1923, had 14 branches during its acquisition. Arnad Bank, established on 23rd December 1942, had one branch only during the acquisition. Cochin Commercial Bank, founded on 3rd January 1936, had thirteen branches during the acquisition.

Canara Bank- Some Important Facts

● In 1906, Canara Bank was founded in Mangalore, Karnataka, India, and stands as one of the oldest public sector banks in the country.
● In 1969, the Government of India nationalised Canara Bank, transforming it into a public sector bank and bringing it under government ownership and supervision.
● With a vast branch network both in India and overseas, Canara Bank operates numerous branches and representative offices in various countries, catering to NRI customers and facilitating international transactions.
● Canara Bank has several subsidiaries, including Canara Robeco Asset Management Company, Canbank Factors Ltd., Canbank Computer Services Ltd., and Canara Bank Securities Ltd.

Canara Bank- Awards Received

● Canara Bank emerged as the winner in the Best Technology Talent category and received special recognition in Best Digital Engagement, Best Technology Bank, and Best Financial Inclusion categories at the 18th IBA Technology Expo, Conference, and Awards in December 2022.
● The prestigious "Banker's Bank of the Year Award 2022" was bestowed upon Canara Bank at the Global Banking Summit for the India segment in London.
● As of 31st March 2022 (FY 2021-22), Canara Bank secured the top rank for Digital Payment performance, according to the balanced scorecard released by the Ministry of Electronics & Information Technology (MeitY) in October 2022.
● Canara Bank received the APY annual award for the year 2021-22 from PFRDA.
● For the Financial Year 2020-21, Canara Bank achieved the 2nd position for the implementation of the Prime Minister Employment Generation Programme (PMEGP), as recognized by KVIC, Ministry of MSME.
● Canara Bank was honoured with the Runner-up award in the "Best Payment Initiatives" category at IBA's 17th Annual Banking Technology Conference and Awards 2020-21, themed "Next Gen Banking."

Canara Bank offers a wide array of banking and financial services to its customers, encompassing retail and corporate banking, investment banking, and treasury operations. The bank's dedication to delivering exceptional services has earned it numerous awards and accolades throughout its journey. However, like any financial institution, it is crucial to verify the most current information from official sources to stay informed about Canara Bank's latest operations and performance.

Canara Bank FAQs

What is Share Price of Canara Bank ?

Canara Bank share price is ₹435 As on 07 December, 2023 | 19:44

What is the Market Cap of Canara Bank ?

The Market Cap of Canara Bank is ₹79023.5 Cr As on 07 December, 2023 | 19:44

What is the P/E ratio of Canara Bank ?

The P/E ratio of Canara Bank is 5.7 As on 07 December, 2023 | 19:44

What is the PB ratio of Canara Bank ?

The PB ratio of Canara Bank is 1.1 As on 07 December, 2023 | 19:44