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BANK OF INDIA vs CANARA BANK - Comparison Results

Rs 100 invested in...

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Current Valuations

    BANK OF INDIA CANARA BANK BANK OF INDIA/
CANARA BANK
 
P/E (TTM) x 11.3 7.9 142.0% View Chart
P/BV x 1.2 1.4 80.9% View Chart
Dividend Yield % 1.3 1.9 66.8%  

Financials

 BANK OF INDIA   CANARA BANK
EQUITY SHARE DATA
    BANK OF INDIA
Mar-23
CANARA BANK
Mar-23
BANK OF INDIA/
CANARA BANK
5-Yr Chart
Click to enlarge
High Rs104342 30.3%   
Low Rs40172 23.5%   
Income per share (Unadj.) Rs116.8473.4 24.7%  
Earnings per share (Unadj.) Rs9.462.0 15.1%  
Cash flow per share (Unadj.) Rs26.8154.1 17.4%  
Dividends per share (Unadj.) Rs2.0012.00 16.7%  
Avg Dividend yield %2.84.7 59.5%  
Book value per share (Unadj.) Rs147.3430.3 34.2%  
Shares outstanding (eoy) m4,103.571,814.13 226.2%   
Bonus / Rights / Conversions 00-  
Avg Price / Income ratio x0.60.5 113.6%   
Avg P/E ratio x7.74.1 186.0%  
Avg P/CF ratio x2.21.6 135.7%  
Avg Price/Bookvalue ratio x0.50.6 81.9%  
Dividend payout %21.419.3 110.6%   
Avg Mkt Cap Rs m295,252465,597 63.4%   
No. of employees `000NANA-   
Total wages & salary Rs m84,529142,927 59.1%   
Avg. income/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Interest income Rs m479,317858,847 55.8%  
Other income Rs m72,112253,250 28.5%   
Interest expense Rs m274,406529,901 51.8%   
Net interest income Rs m204,911328,947 62.3%  
Operating expense Rs m143,735302,454 47.5%   
Gross profit Rs m61,17526,492 230.9%  
Gross profit margin %12.83.1 413.8%  
Provisions/contingencies Rs m94,466171,665 55.0%   
Profit before tax Rs m60,987144,267 42.3%   
Extraordinary Inc (Exp) Rs m00-   
Minority Interest Rs m-14-898 1.5%   
Prior Period Items Rs m-4275,368 -8.0%   
Tax Rs m22,16636,189 61.3%   
Profit after tax Rs m38,380112,547 34.1%  
Net profit margin %8.013.1 61.1%  
BALANCE SHEET DATA
Advances Rs m4,886,8778,309,292 58.8%   
Deposits Rs m6,721,94111,790,865 57.0%  
Credit/Deposit ratio x72.770.5 103.2%  
Yield on advances %6.97.4 92.9%   
Cost of deposits %3.54.1 85.2%   
Net Interest Margin %2.92.8 105.3%  
Net fixed assets Rs m99,501103,334 96.3%   
Share capital Rs m41,04318,141 226.2%   
Free reserves Rs m563,286762,396 73.9%   
Net worth Rs m604,329780,538 77.4%   
Borrowings Rs m650,152580,732 112.0%   
Investments Rs m2,113,2363,528,927 59.9%   
Total assets Rs m8,260,35813,810,296 59.8%  
Debt/equity ratio x12.215.9 77.0%   
Return on assets %0.50.8 57.0%  
Return on equity %6.414.4 44.0%  
Capital adequacy ratio %16.316.7 97.6%  
Net NPAs %1.71.7 96.0%  
CASH FLOW
From Operations Rs m-70,450-399,779 17.6%  
From Investments Rs m-5,213-12,378 42.1%  
From Financial Activity Rs m5,4084,454 121.4%  
Net Cashflow Rs m-70,256-406,886 17.3%  

Share Holding

Indian Promoters % 73.4 62.9 116.6%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 20.3 25.0 81.5%  
FIIs % 4.5 10.6 42.8%  
ADR/GDR % 0.0 0.0 -  
Free float % 26.6 37.1 71.8%  
Shareholders   617,238 759,083 81.3%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare BANK OF INDIA With:   HDFC BANK    AXIS BANK    SBI    ICICI BANK    KOTAK MAHINDRA BANK    


More on Bank of India vs Canara Bank

No comparison is complete without understanding how the stock prices have performed over a period of time.

Here's a brief comparison:

Bank of India vs Canara Bank Share Price Performance

Period Bank of India Canara Bank S&P BSE BANKEX
1-Day -0.26% 0.13% -0.15%
1-Month 10.27% 5.58% 3.90%
1-Year 83.02% 94.33% 14.18%
3-Year CAGR 32.74% 64.83% 14.50%
5-Year CAGR 11.94% 19.03% 10.94%

* Compound Annual Growth Rate

Here are more details on the Bank of India share price and the Canara Bank share price.

Moving on to shareholding structures...

The promoters of Bank of India hold a 73.4% stake in the company. In case of Canara Bank the stake stands at 62.9%.

To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Bank of India and the shareholding pattern of Canara Bank.

Finally, a word on dividends...

In the most recent financial year, Bank of India paid a dividend of Rs 2.0 per share. This amounted to a Dividend Payout ratio of 21.4%.

Canara Bank paid Rs 12.0, and its dividend payout ratio stood at 19.3%.

You may visit here to review the dividend history of Bank of India, and the dividend history of Canara Bank.

For a sector overview, read our banking sector report.



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