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Canara Bank
(CANBK)
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Rating:67Neutral
Price Target:
₹128.00
▲(1.83% Upside)
Action:Reiterated
Date:08/17/26
The score is driven by very attractive valuation (low P/E and solid dividend) and improving near-term technical momentum. Offsetting this, financial performance is mixed: strong profitability is tempered by higher leverage and notably weak/volatile operating and free cash flow, which increases the risk profile.
Positive Factors
Profit Growth
The substantial rise in net income indicates that Canara Bank has materially strengthened earnings capacity over time. Greater profitability can support internal capital generation, improve resilience against credit costs, and provide more resources for technology, branch productivity, and future loan growth.
Negative Factors
Revenue Contraction
The latest revenue contraction interrupts the earlier growth trend and indicates that top-line momentum is not consistently durable. Continued weakness could constrain operating leverage and make future profit expansion more dependent on margins, cost control, or favorable credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Profit Growth
The substantial rise in net income indicates that Canara Bank has materially strengthened earnings capacity over time. Greater profitability can support internal capital generation, improve resilience against credit costs, and provide more resources for technology, branch productivity, and future loan growth.
Read all positive factors
Canara Bank (CANBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.07T
Dividend Yield3.55%
Average Volume (3M)654.45K
Price to Earnings (P/E)5.4
Beta (1Y)1.39
Revenue Growth-3.69%
EPS Growth7.34%
CountryIN
Employees81,827
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)21.89
Shares Outstanding9,070,651,000
10 Day Avg. Volume784,987
30 Day Avg. Volume654,448
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.95
Price to Sales (P/S)0.73
P/FCF Ratio-6.04
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)21.13
Revenue Forecast (FY)₹681.36B
Canara Bank Business Overview & Revenue Model
Company Description
Canara Bank, established in 1906 and headquartered in Bengaluru, India, delivers a comprehensive suite of banking and financial services to clients across India and internationally. The bank caters to individual customers with a diverse range of d...
How the Company Makes Money
Canara Bank primarily makes money through interest-based income and fee-based income generated from providing banking services.
1) Net interest income (NII): The bank earns interest on loans and advances (e.g., retail loans, MSME and corporate le...
Canara Bank Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.51T | 1.53T | 1.54T | 1.38T | 1.08T | 928.10B |
| Gross Profit | 536.11B | 558.23B | 710.70B | 661.20B | 553.77B | 497.74B |
| EBITDA | 253.76B | 256.06B | 242.51B | 215.20B | 159.84B | 103.49B |
| Net Income | 198.59B | 197.06B | 175.40B | 152.79B | 112.55B | 61.25B |
Balance Sheet | ||||||
| Total Assets | 19.32T | 18.87T | 17.31T | 15.35T | 13.81T | 12.59T |
| Cash, Cash Equivalents and Short-Term Investments | 1.97T | 2.06T | 2.06T | 1.51T | 1.42T | 1.82T |
| Total Debt | 1.54T | 1.55T | 832.38B | 600.61B | 594.13B | 478.01B |
| Total Liabilities | 18.09T | 17.70T | 16.24T | 14.42T | 13.02T | 11.88T |
| Stockholders Equity | 1.24T | 1.18T | 1.05T | 921.33B | 780.54B | 699.61B |
Cash Flow | ||||||
| Free Cash Flow | -1.51T | -185.45B | -835.84B | 297.93B | -405.91B | 979.70M |
| Operating Cash Flow | -1.51T | -172.56B | 606.69B | 310.46B | -399.78B | 9.19B |
| Investing Cash Flow | 56.94B | -1.56T | -24.61B | -17.48B | -12.38B | -12.56B |
| Financing Cash Flow | 1.74T | 1.74T | -35.06B | 1.29T | 4.45B | 40.35B |
Canara Bank Technical Analysis
Negative
125.70
Price Trends
125.34
Negative
126.57
Negative
132.89
Negative
Market Momentum
-2.07
Positive
37.96
Neutral
24.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CANBK, the sentiment is Negative. The current price of 125.7 is above the 20-day moving average (MA) of 121.43, above the 50-day MA of 125.34, and below the 200-day MA of 132.89, indicating a bearish trend. The MACD of -2.07 indicates Positive momentum. The RSI at 37.96 is Neutral, neither overbought nor oversold. The STOCH value of 24.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CANBK.
Canara Bank Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹8.69T | 10.08 | ― | 1.84% | 6.56% | 4.93% | |
74 Outperform | ₹1.33T | 6.05 | ― | 2.59% | 2.55% | 31.34% | |
71 Outperform | ₹1.22T | 6.70 | ― | 3.62% | 2.73% | -6.67% | |
70 Outperform | ₹1.31T | 6.33 | ― | 2.92% | -1.10% | 9.75% | |
68 Neutral | ₹1.10T | 8.58 | ― | 2.24% | 8.92% | 16.57% | |
67 Neutral | ₹1.07T | 5.41 | ― | 3.55% | -3.69% | 7.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:CANBK
Canara Bank
118.10
-3.10
-2.56%
IN:BANKBARODA
Bank of Baroda
235.00
-20.78
-8.12%
IN:INDIANB
Indian Bank
814.00
61.67
8.20%
IN:PNB
Punjab National Bank
116.00
4.05
3.62%
IN:SBIN
State Bank of India
941.00
79.63
9.24%
IN:UNIONBANK
Union Bank of India Limited
171.45
38.38
28.84%
Canara Bank Corporate Events
Canara Bank Details Rs 53,445 Crore in Outstanding Bonds in Half-Yearly Debt Statement
Oct 9, 2026
Canara Bank has filed its half-yearly statement of debt securities outstanding as of 30 September 2026, detailing a portfolio of bonds that includes both dated and perpetual instruments with various call options across future financial years. The ...
Canara Bank Timely Pays Rs 377-Crore Annual Interest on Long-Term Bonds
Sep 27, 2026
Canara Bank has confirmed that it has paid the annual interest on its non-convertible, taxable, redeemable, unsecured fully paid-up long-term bonds with ISIN INE476A08191 on schedule. The interest, amounting to Rs 377 crore on an issue size of Rs ...
Canara Bank Elevates Sunil Kumar Yadav to Chief General Manager
Sep 1, 2026
Canara Bank has promoted General Manager Shri Sunil Kumar Yadav to the position of Chief General Manager, effective September 1, 2026, as part of a change in senior management. Yadav, who joined the bank in 2000 as a Probationary Agriculture Offic...
RBI Fines Canara Bank for Irregularities in Currency Chest Remittances
Aug 10, 2026
The Reserve Bank of India has imposed a monetary penalty of Rs 1,49,450 on Canara Bank for deficiencies related to currency chest remittances, including shortages, mutilated notes and counterfeit notes detected in CC remittances. The bank has stat...
Canara Bank Posts Q1 Results, Shares Earnings Call Recording with Investors
Jul 27, 2026
Canara Bank has notified the stock exchanges that it held an earnings and conference call with analysts and investors on July 27, 2026, to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The...
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.