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Stock Analysis

Description

Central Bank of India is a public sector bank with over 114 years of legacy, operating across India and serving a large customer base. It focuses on retail, agriculture, and MSME sectors.

Key Growth Triggers

Digital transformation (Cent NEO), expanding Retail, Agriculture, and MSME (RAM) portfolio, rebuilding the corporate loan book, enhancing recovery of written-off assets, reducing the Cost-to-Income ratio to 54-55% by March 2026, and increasing fee income are key strategic initiatives.

Order Book

Currently no data available for Order Book.

Key Red Flags

The bank's Cost-to-Income ratio, though improving, remains relatively high. Historically, the bank was under the RBI's Prompt Corrective Action (PCA) framework, from which it exited in September 2022.

Key Dates To Watch

Board meeting to approve Q3 FY26 financial results and consider the third interim dividend on January 16, 2026.

Corporate Announcements

10th Apr 26

Impact Rating: 4

Central Bank of India has announced the cessation of Shri Pradip P. Khimani as a Director of the Bank. This change is effective from the close of business hours on April 10, 2026, upon completion of his tenure.

7th Apr 26

Impact Rating: 3

As per SEBI regulations, Central Bank of India submitted a certificate for the March 2026 quarter confirming no pending dematerialisation requests from shareholders and proper processing of securities.

6th Apr 26

Impact Rating: 6

Central Bank of India released its statement of outstanding bonds for the half-year ended March 31, 2026, detailing ₹1,500 crore in total outstanding debt.

2nd Apr 26

Impact Rating: 8

Central Bank of India reported provisional Q4 FY26 business figures: Total Business ₹812,814 cr (15.65% YoY growth), Total Deposits ₹467,885 cr (13.37% YoY), Gross Advances ₹344,929 cr (18.90% YoY).

2nd Apr 26

Impact Rating: 6

Central Bank of India has issued an updated Code of Conduct for the Prevention of Insider Trading, aligning with SEBI regulations. It details procedures for handling UPSI, trading rules, disclosures, and penalties to ensure transparency and prevent insider trading.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	SBI	1007.15	11.83	929798.54	1.58	21860.59	-4.25	128040.50	5.78	6.47	505419.84	46.36	78596.36	18941.27	1.63	1.15	11.08
2.	Bank of Baroda	308.25	8.28	159328.89	2.71	5180.63	-4.14	33318.24	4.44	6.29	131574.32	63.64	19236.14	5133.56	1.00	1.18	10.53
3.	Punjab Natl.Bank	125.68	8.48	144408.78	2.31	5120.59	8.72	32512.76	6.78	6.32	129502.98	73.64	17035.45	5125.28	1.02	1.07	12.22
4.	Canara Bank	152.96	7.25	138771.73	2.62	4896.43	15.81	32071.97	6.26	6.79	125841.25	60.85	19140.98	4850.03	1.20	1.08	14.05
5.	Union Bank (I)	166.33	6.87	127038.75	2.86	4425.95	-6.84	26664.81	-0.82	6.72	109143.51	67.32	18488.14	4425.95	1.01	1.24	10.38
6.	Indian Bank	864.60	9.88	116444.99	1.88	3108.63	11.01	16628.28	8.19	6.38	64543.17	68.72	11785.54	3107.97	1.51	1.35	10.65
7.	I O B	36.61	16.53	70459.92	0.00	1226.42	57.81	7848.79	14.57	5.95	29979.65	61.94	4262.19	1226.42	2.02	0.89	11.07
8.	Central Bank	38.37	7.94	34721.18	1.04	1212.88	32.87	8743.11	6.59	5.45	34460.09	59.02	4374.05	1212.88	0.91	0.82	12.01
–	Median: 12 Co.	138.59	8.38	93452.46	2.09	2842.11	9.87	17574.88	6.69	6.23	69163.76	64.02	10902.75	2842.33	1.17	1.08	10.97

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	3,392	3,373	3,363	3,110	3,911	3,386	4,033	3,546	4,054	3,034	3,526	3,490	3,318
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	919	1,330	1,229	959	1,165	1,786	1,424	1,362	1,814	910	1,061	1,647	1,507
Profit before tax	811	1,109	1,407	1,025	802	1,783	903	1,356	1,158	623	563	1,567	1,471
Tax %	44%	35%	32%	59%	-10%	34%	37%	40%	11%	49%	-8%	42%	18%
Net Profit	458	718	959	418	880	1,169	571	807	1,034	318	605	913	1,213
EPS in Rs	0.53	0.83	1.10	0.48	1.01	1.29	0.66	0.93	1.14	0.37	0.70	1.05	1.34

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	9,203	8,022	11,508	12,721	16,775	17,078	11,890	12,392	10,442	12,739	13,055	14,260	14,120
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	1,923	1,894	2,013	2,876	2,622	2,413	3,637	3,116	2,968	4,084	4,711	5,855	6,335
Interest	17,933	19,162	18,822	18,087	17,519	15,866	15,934	14,485	13,315	13,855	17,826	19,769	20,855
Depreciation	209	229	239	257	260	278	285	292	297	386	500	557	0
Profit before tax	-995	890	-2,669	-3,529	-7,896	-8,170	-910	-1,324	1,717	2,645	4,053	4,934	5,819
Net Profit	-1,263	606	-1,418	-2,439	-5,105	-5,641	-1,121	-888	1,045	1,582	2,549	3,785	4,374
EPS in Rs	-9.35	3.66	-8.39	-12.82	-19.50	-13.94	-1.96	-1.51	1.20	1.82	2.94	4.18	4.87
Dividend Payout %	0%	14%	0%	0%	0%	0%	0%	0%	0%	0%	0%	4%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	1,350	1,658	1,690	1,902	2,618	4,047	5,710	5,876	8,681	8,681	8,681	9,051	9,051
Reserves	12,821	15,799	16,524	16,049	15,367	15,100	15,720	20,630	18,846	20,428	23,467	27,455	28,976
Borrowings	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Liabilities	11,559	12,937	11,860	9,497	7,695	6,476	15,269	7,268	8,873	9,641	9,708	8,333	8,768
Total Liabilities	289,496	311,940	305,466	333,402	326,225	330,718	356,249	369,215	386,566	406,165	446,673	479,128	503,350
Fixed Assets	2,804	2,833	4,359	4,290	4,343	4,310	4,336	5,132	4,955	4,776	5,336	5,204	5,036
Gross Block	4,517.78	4,777.18	6,479.25	6,647.04	6,938.91	7,143.99	7,439.20	8,440.72	8,536.21	8,855.53	9,821.29	10,156.87	–
Accumulated Depreciation	1,713.39	1,944.02	2,119.96	2,356.67	2,595.53	2,833.75	3,103.02	3,308.30	3,581.17	4,079.25	4,485.56	4,952.59	–
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	86,135	89,740	88,868	92,095	102,632	125,298	142,518	148,582	140,787	136,583	143,923	141,435	160,297
Other Assets	200,557	219,367	212,239	237,017	219,250	201,109	209,395	215,500	240,824	264,806	297,413	332,489	338,017
Total Assets	289,496	311,940	305,466	333,402	326,225	330,718	356,249	369,215	386,566	406,165	446,673	479,128	503,350

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2,023	2,248	308	61,847	-44,396	-14,588	1,771	-1,987	14,268	-8,794	-5,916	-2,469
Cash from Investing Activity	-363	-328	-179	-176	-300	-245	-297	-194	-125	-200	-576	-442
Cash from Financing Activity	671	512	601	1,554	5,158	6,805	3,403	5,055	0	0	0	1,500
Net Cash Flow	-1,714	2,432	731	63,225	-39,538	-8,028	4,877	2,874	14,143	-8,995	-6,492	-1,411

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	–	–	–	–	–	–	–	–	–	–	–	–
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	–	–	–	–	–	–	–	–	–	–	–	–
Working Capital Days	–	–	–	–	–	–	–	–	–	–	–	–
ROCE %	–	–	–	–	–	–	–	–	–	–	–	–

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	93.08%	93.08%	93.08%	93.08%	93.08%	93.08%	93.08%	93.08%	93.08%	89.27%	89.27%	89.27%
FIIs	0.19%	0.19%	0.15%	0.16%	0.07%	0.17%	0.16%	0.33%	0.44%	1.27%	0.97%	0.88%
DIIs	2.88%	2.86%	2.83%	2.84%	2.79%	2.80%	2.81%	2.81%	2.82%	5.87%	5.06%	4.86%
Public	3.84%	3.85%	3.95%	3.91%	4.04%	3.95%	3.95%	3.75%	3.65%	3.59%	4.70%	4.98%