CentralBank of India Stock Price Analysis and Quick Research Report. Is CentralBank of India an attractive stock to invest in?

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how CentralBank of India is performing and if it is the right time to buy the stock of CentralBank of India with detailed analysis. CentralBank of India stock price today is Rs 38.09.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. CentralBank of India has earned Rs 30722.2358 Cr. revenue in the latest financial year. CentralBank of India has posted decent revenue growth of 10.5645428708679 % in last 3 Years.

• In terms of advances, CentralBank of India reported 19.9138 % YOY,  rise . If you see 3 years advance growth, it stands at 15.8420985956724 %.

• Currently, CentralBank of India has a CASA ratio of 50.0451 %. It’s overall cost of liability stands at 4.4034 %. Also, the total deposits from these accounts stood at Rs 385011.3226 Cr.

• CentralBank of India has a Poor ROA track record. The ROA of CentralBank of India is at 0.5978 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of CentralBank of India stood at 4.5 % and 1.23 % respectively as on the latest financial year.

• One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -21.9214924180704 % which means it has decreased from the previous year.

• Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of CentralBank of India surged and is currently at Rs 4711.2798 Cr.

• CentralBank of India has a Good Capital Adequacy Ratio of 15.08 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently CentralBank of India is trading at a P/B of 1.0586 . The historical average PB was 0.851096601114017.

• Share Price: - The current share price of CentralBank of India is Rs 38.09. One can use valuation calculators of ticker to know if CentralBank of India share price is undervalued or overvalued.