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Central Bank of India
(CENTRALBK)
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Rating:67Neutral
Price Target:
₹34.00
▲(11.29% Upside)
Action:Reiterated
Date:10/19/26
The score is driven primarily by improving profitability but tempered by higher leverage and historically volatile cash flows. Valuation is a clear positive (low P/E and strong dividend yield), while technicals are neutral-to-soft with the stock below longer-term moving averages. The latest earnings call was constructive with growth and asset-quality strength, though CASA/cost-to-income misses and upcoming ECL provisioning needs cap the upside.
Positive Factors
Broad Business Growth
Growth across the overall franchise indicates expanding scale and customer activity rather than reliance on a single product. Continued advances and deposit momentum can support recurring interest income, improve operating leverage, and strengthen the bank’s competitive position over the next several quarters.
Negative Factors
Large Upcoming ECL Provisioning
The remaining ECL requirement creates material uncertainty around future provisions and reported earnings. Whether recognized immediately or over time, this charge could reduce capital generation, limit flexibility for expansion, and offset some of the benefit from improved current asset-quality ratios.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad Business Growth
Growth across the overall franchise indicates expanding scale and customer activity rather than reliance on a single product. Continued advances and deposit momentum can support recurring interest income, improve operating leverage, and strengthen the bank’s competitive position over the next several quarters.
Read all positive factors
Central Bank of India (CENTRALBK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹263.31B
Dividend Yield4.77%
Average Volume (3M)555.76K
Price to Earnings (P/E)5.5
Beta (1Y)1.55
Revenue Growth8.33%
EPS Growth3.24%
CountryIN
Employees33,997
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.04
Shares Outstanding9,051,401,000
10 Day Avg. Volume742,505
30 Day Avg. Volume555,756
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)0.73
Price to Sales (P/S)0.67
P/FCF Ratio1.47
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)5.5
Revenue Forecast (FY)₹477.00B
Central Bank of India Business Overview & Revenue Model
Company Description
Central Bank of India functions as a prominent commercial banking entity throughout India, providing a wide array of financial products and services to both individual and corporate clients. Its offerings for personal customers include various dep...
How the Company Makes Money
Central Bank of India primarily makes money through (1) net interest income and (2) non-interest (fee and other) income. Net interest income is earned from the spread between interest received on interest-earning assets—mainly loans and advances t...
Central Bank of India Earnings Call Summary
Earnings Call Date:Oct 17, 2026
(Q2-2027)
| Next Earnings Date:Jan 15, 2027
Earnings Call Sentiment Positive
The call was strongly positive, supported by business growth above guidance, 21% net profit growth, 26.28% net interest income growth, improving asset quality, strong RAM and corporate expansion, and multiple growth and efficiency initiatives. The main challenges were the CASA ratio and cost-to-income ratio missing guidance, treasury market pressures, higher provisioning and the upcoming ECL requirement, relatively low advances yield, and the need to improve digital customer experience. Highlights significantly outweighed the lowlights.Positive Updates
Strong Overall Business Growth
Total business grew 20.54% year-on-year to INR 889,541 crore, exceeding the 14%-15% guidance.
Negative Updates
CASA Ratio Missed Guidance
CASA stood at 44.65% of total deposits, below the guidance of 48% ±1%. Management attributed the shortfall to FCNR(B) mobilization and related factors.
Read all updates
Q2-2027 Updates
Positive
Negative
Strong Overall Business Growth
Total business grew 20.54% year-on-year to INR 889,541 crore, exceeding the 14%-15% guidance.
Read all positive updates
Company Guidance
Management’s guidance included business growth of 14%-15%, deposit growth of 10%-12%, advances growth of 14%-16%, CASA guidance of 48% ±1%, RAM capital credit ratio of 65:35 ±5%, cost to income ratio of less than 56%, NIM of above three, slippage ratio of less than 0.25%, gross NPA below 2.50%, and ROA above one; credit cost next year is expected, on a quarter-on-quarter basis, to remain less than 0.75%, up to 0.75% only, while ECL provisioning was expected to require approximately INR 5,000 crore-INR 5,500 crore, and recovery in the written-off segment was expected to reach INR 2,500+ crore.Central Bank of India Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 427.82B | 425.83B | 396.92B | 355.77B | 297.43B | 258.62B |
| Gross Profit | 191.40B | 191.18B | 198.63B | 176.94B | 158.38B | 125.01B |
| EBITDA | 64.72B | 70.88B | 45.01B | 31.76B | 20.74B | 13.61B |
| Net Income | 45.65B | 45.24B | 39.34B | 26.68B | 16.79B | 10.57B |
Balance Sheet | ||||||
| Total Assets | 5.59T | 5.51T | 4.80T | 4.48T | 4.07T | 3.87T |
| Cash, Cash Equivalents and Short-Term Investments | 371.06B | 378.35B | 361.97B | 376.08B | 441.02B | 530.97B |
| Total Debt | 288.19B | 318.54B | 218.20B | 207.23B | 65.70B | 58.99B |
| Total Liabilities | 5.18T | 5.12T | 4.43T | 4.15T | 3.78T | 3.60T |
| Stockholders Equity | 409.58B | 390.01B | 368.81B | 323.74B | 292.89B | 275.49B |
Cash Flow | ||||||
| Free Cash Flow | -293.22B | 193.18B | -29.15B | -322.63B | -89.99B | 141.19B |
| Operating Cash Flow | -291.84B | 197.76B | -24.60B | -316.76B | -87.86B | 142.77B |
| Investing Cash Flow | -1.37B | -725.98B | -4.51B | -5.84B | -2.09B | -1.33B |
| Financing Cash Flow | 314.31B | 544.60B | 15.00B | 257.66B | 166.11B | 128.36B |
Central Bank of India Technical Analysis
Negative
30.55
Price Trends
30.68
Negative
31.22
Negative
33.33
Negative
Market Momentum
-0.29
Positive
36.23
Neutral
12.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CENTRALBK, the sentiment is Negative. The current price of 30.55 is above the 20-day moving average (MA) of 30.30, below the 50-day MA of 30.68, and below the 200-day MA of 33.33, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 36.23 is Neutral, neither overbought nor oversold. The STOCH value of 12.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CENTRALBK.
Central Bank of India Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹326.39B | 11.03 | ― | 0.77% | 13.55% | 40.51% | |
67 Neutral | ₹263.31B | 5.47 | ― | 4.77% | 8.33% | 3.24% | |
59 Neutral | ₹275.62B | 9.24 | ― | 2.00% | ― | ― | |
58 Neutral | ₹584.24B | 9.93 | ― | 1.52% | 14.15% | 50.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹243.28B | 17.96 | ― | 0.99% | -2.19% | -34.11% | |
53 Neutral | ₹135.10B | 9.03 | ― | 2.05% | 3.18% | 26.70% |
* General Sector Average
IN:CENTRALBK
Central Bank of India
29.09
-9.90
-25.39%
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IN:UCOBANK
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Central Bank of India Corporate Events
Central Bank of India Publishes Q2 and Half-Year FY2027 Financial Results in Leading Dailies
Oct 18, 2026
Central Bank of India has notified stock exchanges that it has published its unaudited standalone and consolidated financial results for the second quarter and half-year ended 30 September 2026 in leading national newspapers. The results have been...
Central Bank of India Publishes Q2 FY 2026-27 Investor Presentation
Oct 17, 2026
Central Bank of India is a public sector bank headquartered in Mumbai, operating in India’s banking and financial services industry. It offers a broad range of retail and corporate banking products, serves investors through dedicated relatio...
Central Bank of India Delivers Strong Q2 FY27 Growth and Improved Profitability
Oct 17, 2026
Central Bank of India reported strong growth for the quarter and half year ended 30 September 2026, with total global business rising 20.54% year-on-year to ₹889,541 crore and domestic deposits up 14.41% to ₹508,509 crore. Global advan...
CARE reaffirms Central Bank of India’s CARE A1+ rating on Rs 20,000 crore CD programme
Oct 7, 2026
Central Bank of India said CARE Ratings Limited has reaffirmed its highest short-term rating of CARE A1+ on the bank’s Rs 20,000 crore certificate of deposit programme. The reaffirmation reflects improved capitalisation driven by stronger in...
Central Bank of India Announces Voluntary Retirement of Senior General Manager
Aug 29, 2026
Central Bank of India has announced a change in its senior management with the voluntary retirement of Shri Umesh Kumar Singh, who served as a General Manager and has ceased to be a senior management personnel effective 28 August 2026. The disclos...
Central Bank of India AGM Clears Board Changes, ₹7,000 Crore Equity Plan
Jul 31, 2026
Central Bank of India held its nineteenth annual general meeting on July 31, 2026 via video conference, where shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026 and confirmed four i...
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.