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Swing Capital

Canara Bank

NSE: CANBK BSE: 532483Banking

Canara Bank was merged with erstwhile Syndicate Bank in FY21. Canara was incorporated in 1906 and nationalised in 1969, along with 13 other major commercial banks of India, by the GoI. The bank is headquartered in Bangalore.Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on April 1, 2020.

₹124
52W: ₹104 — ₹163
PE 5.94 · Book ₹125 · -1% vs book
Market Cap₹1,12,657 Cr
Stock P/E5.94Price to Earnings
ROCE6.55%Return on Capital
ROE18%Return on Equity
Div. Yield3.41%Face Value ₹2

Strengths

  • +Stock is trading at 1.00 times its book value
  • +Stock is providing a good dividend yield of 3.38%.
  • +Company has delivered good profit growth of 50.0% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 20.4%

Weaknesses

  • −Company has low interest coverage ratio.
  • −Contingent liabilities of Rs.4,08,643 Cr.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters62.93%
FIIs14.24%
DIIs10.91%
Public11.93%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters62.93%62.93%62.93%62.93%62.93%62.93%62.93%62.93%
FIIs11.91%11.26%▼0.711.1%▼0.210.54%▼0.611.38%▲0.811.89%▲0.514.61%▲2.714.24%▼0.4
DIIs11.19%11.65%▲0.511.71%▲0.111.85%▲0.111.41%▼0.412.23%▲0.810.47%▼1.810.91%▲0.4
Public13.94%14.17%▲0.214.24%▲0.114.67%▲0.414.27%▼0.412.92%▼1.311.98%▼0.911.93%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses8,8069,8929,1518,8949,5129,3419,8679,96110,4478,867
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit3,6563,7573,9054,0154,1045,0034,7524,7745,1554,506
EPS ₹4.034.144.314.434.525.525.245.265.684.97

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 10.91% (-5.02pp change). FIIs: 14.24% (+5.33pp change). Promoters hold 62.93%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 5.94x with 6.55% ROCE. Price is -1% above book value of ₹125. Dividend yield: 3.41%.

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