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Canara Bank Share Price

Banks - Public Sector

NSE: CANBK Mid Cap ISIN: INE476A01022
As on 22 January 2025 at 14:59 IST
As on 22 January 2025 at 14:59 IST
97.60
-1.87
(-1.88%)
About Canara Bank

Canara Bank is a prominent public sector bank in India, offering various banking and financial services. The company was founded by Ammembal Subba Rao Pai in 1906. It operates in the banking and financial services sector. The bank’s headquarters is located in Bangalore, Karnataka. Canara Bank’s primary products and services cater to a diverse clientele, including individuals and NRIs. Its key offerings include savings and current accounts, various loan products, and digital banking services. The bank also provides wealth management and insurance products, catering to the financial needs of its customers. Read More...

Over 1 Month
-1.59%
Over 6 Months
-13.32%
Over 1 Year
9.09%
Over 3 Years
130.68%

Canara Bank Summary

Close ₹ 97.60
Open ₹ 99.40
High ₹ 99.59
Low ₹ 95.72
Volume 1,53,77,487
Net Turnover (in ₹) ₹ 1,23,60,45,007.02
52Wk High ₹ 128.90
52Wk Low ₹ 87.79
52Wk High / Low
87.79
128.90

Canara Bank Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 90,225.77
EPS (TTM) 16.90
Book Value (BV) 96.99
Div. Yield 3.24 %
P/E (TTM) 5.88
Price/Book Value 1.02
Delivery % 29.53 %
Face Value 2

Key Ratios

PE Ratio 7.24
PB Ratio 1.35
EV to Sales 12.19
PEG Ratio 0.19
ROA 1.01
ROE 20.22
Debt-Equity -
Net Profit Margin -
Operating Profit Margin -

Canara Bank Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024FY 2023FY 2022FY 2021FY 2020
Total Revenue1,39,164.931,11,209.7694,256.8893,339.4561,558.16
Total Expenses1,19,165.3896,783.1185,111.8989,457.8963,071.66
Profit Before Tax19,999.5614,426.669,1453,881.55-1,513.50
Profit After Tax14,782.3610,807.805,795.102,701.98-2,022.50
Operating Profit after Depreciation19,999.5614,426.669,1453,881.55-1,513.50

Balance Sheet

Particulars (in ₹ Cr.) FY 2024FY 2023FY 2022FY 2021FY 2020
Fixed Assets12,330.9610,333.9711,447.3611,268.828,323.35
TOTAL ASSETS15,35,017.6413,81,029.5612,58,788.7511,79,539.607,41,440.27
Total Shareholder's Fund92,133.2378,053.7569,961.3362,409.5941,205.95

Cash Flow

Particulars (in ₹ Cr.) FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash from Operating Activities15,046.50-39,977.87918.9959,117.66-5,289.14
Net Cash used in Investing Activities-1,750.16-1,156.10-1,429.39-1,116.47-444.55
Net Cash used in Financing Activities-3,834.47445.364,035.45290.087,792.27

Particulars (in ₹ Cr.) FY 2024FY 2023FY 2022FY 2021FY 2020
Total Revenue1,27,654.361,03,186.9885,907.1484,204.7756,748.14
Total Expenses1,07,949.3989,013.9876,945.5680,497.5658,503.71
Profit Before Tax19,704.9714,1738,961.583,707.22-1,755.57
Profit After Tax14,554.3210,603.765,678.412,557.58-2,235.72
Operating Profit after Depreciation19,704.9714,1738,961.583,707.22-1,755.57

Balance Sheet

Particulars (in ₹ Cr.) FY 2024FY 2023FY 2022FY 2021FY 2020
Fixed Assets12,228.1710,230.6711,353.9611,204.198,276.29
TOTAL ASSETS14,91,540.7213,45,732.2512,28,104.8811,53,675.037,23,874.75
Total Shareholder's Fund86,954.5973,607.1866,111.3158,884.9339,292.96

Cash Flow

Particulars (in ₹ Cr.) FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash from Operating Activities14,254.12-40,676.37268.1058,533.23-5,458.74
Net Cash used in Investing Activities-1,083.13-389.58-657.28-665.84-277.05
Net Cash used in Financing Activities-3,834.47434.854,035.45283.897,854.57

Particulars (in ₹ Cr.) 2024-09 2024-06 2024-03 2023-12 2023-09
Total Revenue-----
Total Expenses-----
Profit Before Tax5,512.515,422.034,960.065,008.595,098.02
Profit After Tax-----
Operating Profit after Depreciation-----

Particulars (in ₹ Cr.) 2024-09 2024-06 2024-03 2023-12 2023-09
Total Revenue-----
Total Expenses-----
Profit Before Tax5,402.545,333.804,905.644,906.625,007.63
Profit After Tax-----
Operating Profit after Depreciation-----

Canara Bank Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3
S1 98.50
S2 97.52
S3 95.93
Pivot 100.09
R1 101.07
R2 102.66
R3 103.64

Moving Average

20 SMA 97.87
50 SMA 101.06
100 SMA 103.15
200 SMA 109.63

Canara Bank Corporate Actions

Canara Bank

₹3.22/Share

Announcement Date 14 Jun 2024
Record Date 17 Jun 2024
Div Yield 161%

Canara Bank Peer Comparison

Company Price Market Cap (in ₹ Cr)
Canara Bank ₹99.40 ₹90,162.27
HDFC Bank Ltd ₹1,641.75 ₹12,55,662.20
ICICI Bank Ltd ₹1,196.10 ₹8,44,456.69
State Bank of India ₹759 ₹6,77,378.66
Kotak Mahindra Bank Ltd ₹1,893.40 ₹3,76,440.80
Axis Bank Ltd ₹969.75 ₹3,00,168.51

Canara Bank News

Canara Bank up for fifth session

Canara Bank is quoting at Rs 100.18, up 2.35% on the day as on 12:44 IST on the NSE. The stock is up 9.87% in last one year as compared to a 9.88% gain in NIFTY and a 9.76% gain in the Nifty Bank.

20 Jan 2025, 01:00 pm

Canara Bank to convene board meeting

On 27 January 2025

18 Jan 2025, 06:02 pm

Canara Bank gains for third straight session

Canara Bank is quoting at Rs 97.24, up 2.69% on the day as on 12:49 IST on the NSE. The stock is up 6.44% in last one year as compared to a 8.08% jump in NIFTY and a 7.12% jump in the Nifty Bank index.

16 Jan 2025, 01:05 pm

Canara Bank Spikes 1.09%

Canara Bank has lost 0.1% over last one month compared to 1.26% fall in BSE BANKEX index and 1.58% drop in the SENSEX

26 Dec 2024, 09:30 am

Canara Bank Slips 0.51%

Canara Bank has added 6.8% over last one month compared to 3.94% gain in BSE BANKEX index and 3.56% rise in the SENSEX

12 Dec 2024, 09:30 am

Canara Bank Stock Analysis

  1. Annual revenue for Canara Bank increased by 23.71% to ₹1,27,654.36 crore in FY 2024 from ₹1,03,186.98 crore in FY 2023.
  2. Annual Net Profit for Canara Bank increased by 37.26% to ₹14,554.32 crore in FY 2024 from ₹10,603.76 crore in FY 2023.
  3. Promoter Shareholding in Canara Bank remains unchanged by 0.00% in the most recent quarter, from 62.93% in September 2024 to 62.93% in December 2024.
  4. Canara Bank delivered a 1-year return of 9.09% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
  5. Canara Bank share price moved down by 1.88% from its previous close of INR ₹99.47. The latest Canara Bank share price is INR ₹97.60.
  6. Canara Bank share price today has been at a low of 95.72 and a high of 99.59. Over the past 52 weeks, the Canara Bank share price has seen a low of 87.79 and a high of 128.90.

About Canara Bank

Canara Bank is a prominent public sector bank in India, offering various banking and financial services. Established in 1906 by Ammembal Subba Rao Pai in Mangalore, Karnataka, the bank has grown significantly. It was nationalized in 1969, which further expanded its reach and operations.

In the banking and financial services sector, Canara Bank provides various services. These include personal, corporate, NRI, and priority and SME banking. The bank’s product portfolio includes savings accounts, fixed deposits, and loans such as home, car, education, and personal loans. It also offers credit cards and investment services.

With over a century of experience, Canara Bank has established itself as a reliable institution. It focuses on being customer-centric in all its services. The bank’s headquarters is located in Bangalore, Karnataka. As a public sector bank, the company's promoter is the Government of India, which holds a significant 62.93% share. A team of professional managerial promoters manages the operations of the company-
  • Vijay Srirangan
  • K Satyanarayana Raju
  • Debashish Mukherjee
  • Ashok Chandra
  • Hardeep Singh Ahluwalia

Canara Bank’s primary products and services cater to a diverse clientele. This includes individuals, businesses, and non-resident Indians (NRIs). Its key offerings include savings and current accounts and fixed and recurring deposits. Additionally, the bank provides various loan products and digital banking services. The bank also provides wealth management and insurance products. These offerings cater to the financial needs of its customers.

While Canara Bank is one of India's largest public sector banks, it is not number one regarding market share or capitalization. However, it holds a significant position in the Indian banking industry, known for its extensive branch network and customer base. The registered office of Canara Bank is in Bengaluru, Karnataka, and the registrar's office is in  Hyderabad, Telangana.

Importance of Canara Bank

Canara Bank holds a significant place in India’s banking sector. Established in 1906, it has grown to become one of the largest public sector banks in the country. The bank’s long history and extensive network make it a crucial player in the financial landscape of India.

The bank offers a wide range of services, catering to various customer needs. These include personal, corporate, NRI, and priority and SME banking. Canara Bank provides products like savings accounts, fixed deposits, loans, credit cards, and investment services. This diverse portfolio helps meet the financial needs of individuals and businesses alike.

Canara Bank’s role in promoting financial inclusion is noteworthy. It has been instrumental in bringing banking services to rural and underserved areas. The bank’s initiatives in rural development and self-employment training have empowered many individuals. These efforts align with the government’s inclusive growth and economic development goals.

The bank’s headquarters is located in Bangalore, Karnataka. This central location helps it manage operations across the country effectively. Canara Bank’s extensive branch network, with over 9,600 branches, ensures that banking services are accessible to a large population. The bank also has a significant presence in digital banking, offering its customers various online services.

Government ownership of Canara Bank provides stability and trust. The government holds a significant share in the bank. This ensures that its operations are aligned with national priorities. This ownership structure also instills confidence among customers and investors, contributing to the bank’s strong reputation.

Canara Bank’s contributions to corporate social responsibility (CSR) are commendable. The bank has undertaken various initiatives to support education, healthcare, and environmental sustainability. These CSR activities reflect the bank’s commitment to social welfare and community development. By supporting these causes, Canara Bank plays a vital role in improving the quality of life for many people.

The bank’s financial performance has been robust over the years. It has consistently reported healthy profits and maintained strong asset quality. Canara Bank’s prudent risk management practices and operational efficiency have contributed to its financial stability. This strong performance ensures that the bank can continue to support its customers and contribute to the economy.

Canara Bank’s merger with Syndicate Bank in 2020 strengthened its market position. The merger expanded the bank’s customer base and enhanced its product offerings. This strategic move has helped Canara Bank become more competitive in the banking sector. The bank’s increased scale and resources enable it to serve its customers better and drive growth.

The bank’s management team comprises experienced professionals who oversee its operations. They are responsible for implementing strategic initiatives. Their leadership ensures that Canara Bank remains focused on its mission and vision. The management’s efforts in driving innovation and adopting new technologies have kept the bank at the forefront of the industry.

Its various online services show Canara Bank’s commitment to digital transformation. The bank offers internet banking and mobile banking. These digital solutions enhance customer convenience. These services make banking more accessible and efficient. They cater to the needs of tech-savvy customers. The bank’s focus on digital innovation ensures it remains relevant in the rapidly evolving financial landscape.

FAQ’s

What is the share price of Canara Bank today?

Canara Bank share price as on 22 Jan 2025 is ₹ 97.6

What is the Market Cap of Canara Bank?

The market cap of Canara Bank stock is ₹90,225.77 Cr.

What is the PE Ratio of Canara Bank?

The Price to Earnings (P/E) Ratio of Canara Bank is 7.24

What is the PB Ratio of Canara Bank?

The Price to Book (P/B) Ratio of Canara Bank is 1.35

What is the 52 week high of Canara Bank Share Price?

The 52 week high of Canara Bank share price stands at ₹128.90

What is the 52 week low of Canara Bank Share Price?

The 52 week low of Canara Bank share price stands at ₹87.79

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