Canara Bank

Canara Bank (CANBK) is a large-cap Financial Services company valued at ₹1.08 lakh crore operating in Public Sector Bank on the NSE and BSE.

Recent price move

Canara Bank last traded at ₹118.29, modestly up 1.00% on the day.

Recent developments

On 2026-10-09, the company announced its Q2 results for FY27, with expectations of credit growth, leading to a rise in its share price. The same day, analysts noted that the banking sector, including Canara Bank, was up due to healthy balance sheets and stronger borrower fundamentals. On 2026-09-15, the company received RBI approval to exercise a call option on Rs 1,500 crore Basel III AT1 bonds.

Financial performance

The company's annual net profit rose 1.1% year-on-year, while the latest quarter net profit surged 60.3% compared to the same quarter a year earlier. Profit margins remained stable at 14.1%, and return on equity improved slightly to 15.2%, though return on capital employed remained low at 6.0%.

Valuation multiples

The stock trades at 5.4 times earnings, a discount to the Financial Services median of 19.3, 0.96 times book value. It yields 3.4%.

Things to watch

The stock is 26.6% below its 52-week high, and foreign institutional holdings fell by 0.41 percentage points in the quarter. Domestic institutional holdings increased by 0.47 percentage points, but the company's return on capital employed remains low at 6.0%.

Where it stands

Canara Bank's latest quarter net profit rose 60.3% year-on-year, outpacing annual net profit growth of 1.1%. The company's return on equity improved to 15.2%, but return on capital employed remained at 6.0%. The stock is 26.6% below its 52-week high.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.