Overall Fundamental outlook

Business Operations:

Sector: Financial Services
Industry: Banks - Regional

Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, and term deposits; unclaimed deposit; loan products, including home, vehicle, education, personal, mortgage, gold, MSME, corporate, agri, solar, rent, and cash loans; working capital, infrastructure, and export finance products; life, general, and health insurance products; depository services, merchant banking, and online trading; and mutual funds. The company also provides digital lending portal; mobile and internet banking; credit, debit, and prepaid cards; UPI and fastag; missed call banking; online account; and payment solutions; NRI banking accounts; remittance facilities; attorneyship service; and nomination facility. In addition, it offers supply chain finance management; syndication services; IPO monitoring services; safe deposit lockers; and consultancy services, which cover estate and wills, private and charitable trustee, debenture and security trusteeship, and attorney services. The company was incorporated in 1906 and is headquartered in Bengaluru, India.

Revenue projections:

Revenue projections for CANBK
Revenue projections for CANBK

Investors may be wary of Canara Bank as its revenues are expected to fall below the prior year's levels. A revenue decrease often leads to concerns about profitability, as it is likely to affect the company's bottom line, prompting investors to take a more cautious approach.

Financial Ratios:

currentRatio 0.000000
forwardPE 5.409637
debtToEquity 0.000000
earningsGrowth 0.113000
revenueGrowth -0.082000
grossMargins 0.000000
operatingMargins 0.397650
trailingEps 18.110000
forwardEps 18.930000

CANBK's low earnings and revenue growth suggest that the company's profits may shrink. This trend could indicate underlying financial struggles and pose challenges for CANBK's future profitability.
CANBK's negative gross and operating margins highlight that the company is incurring losses, unable to generate profit from production or operations. This could be a sign of rising costs or declining revenues, impacting its financial outlook.
CANBK's forward EPS exceeding its trailing EPS means the company is expected to be more profitable this year than last. This suggests an upward trend in earnings, with forecasts indicating that CANBK's financial performance will improve in the current financial year.

Price projections:

Price projections for CANBK
Price projections for CANBK

Throughout its recent performance, Canara Bank's price has been consistently close to the lower range of projected values. This suggests that the company may face challenges in achieving higher valuations in the eyes of investors.

Recommendation changes over time:

Recommendations trend for CANBK
Recommendations trend for CANBK


Analysts' buy bias for CANBK signals that the stock is considered a favorable investment. This outlook might prompt investors to allocate funds to CANBK, seeing it as a solid and profitable choice to park their money and potentially benefit from the company's long-term growth.