Central Bank of India (CENTRALBK)

Financial Services · Banks · NSE · Updated 1 September 2026
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
₹30.21 ↓ 12.36% (1Y)

🎯 Key Takeaways

  • Central Bank of India is in a consolidation and strategic expansion phase, leveraging strong profitability and capital adequacy to fund growth while maintaining shareholder returns. Management is actively raising capital and upgrading credit ratings to support long-term objectives.
  • Revenue grew 0.3% QoQ to ₹9,726 in Q1FY27.
  • ⚠️ High promoter concentration (81.19%) remains, though declining, which could limit market liquidity.
Market Cap
₹27,344
P/E Ratio
6.0
P/B Ratio
0.70
ROE
11.7%
ROCE
40.9%
Debt/Equity
0.82
Div Yield
5.96%
Promoter
81.2%

📖 The Story

Central Bank of India is in a consolidation and strategic expansion phase, leveraging strong profitability and capital adequacy to fund growth while maintaining shareholder returns. Management is actively raising capital and upgrading credit ratings to support long-term objectives.

📰 What's Happening

At the 19th AGM on July 31, 2026, shareholders approved financial results, a ₹1.20 interim dividend, and plans to raise up to ₹7,000 crores via QIP/FPO/Rights issues. In Q1 FY27, net profit rose 13.26% YoY to ₹1,324 crores, driven by 28.58% growth in gross advances and improved asset quality with gross NPA at 2.60%. Management highlighted progress on GIFT City expansion and digital initiatives, stating they will 'achieve and exceed market guidance.' Additionally, CRISIL upgraded the bank’s credit rating to AA+ with a stable outlook, and a new Shareholder Director was appointed to the board.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

MetricJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue8,6238,7779,0709,6989,726
Operating Profit2,3151,7952,2972,1142,196
OPM %26.9%17.5%20.9%19.5%20.5%
Net Profit1,2601,2201,2657391,329
EPS₹1.42₹1.36₹1.40₹0.82₹1.46

Profit growth has accelerated, with Q1 FY27 net profit up 13.26% YoY to ₹1,324 crores, supported by robust credit expansion and improving asset quality. Operating margins remained stable around 20%, and ROE stood at 14.92%, reflecting efficient capital use. Despite flat revenue trends in prior quarters, profitability is rising due to scale in advances and better cost control, as evidenced by higher EPS and improved CASA ratio.

🔮 Management Outlook & What's Next

Management expressed confidence in future performance, stating they will 'achieve and exceed market guidance' for growth and capital adequacy. The bank is proactively raising capital and upgrading credit ratings to support expansion, particularly in GIFT City, while maintaining a focus on digital transformation and credit quality improvement.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

ItemMar 2026Mar 2026Mar 2026Mar 2027
Equity Capital9,0519,0519,0519,051
Reserves29,48430,45229,95031,907
Borrowings12,39933,16331,85428,819
Total Liabilities5.05 L Cr5.34 L Cr5.51 L Cr5.59 L Cr
Fixed Assets5,0375,0305,2025,149
Investments1.61 L Cr1.59 L Cr1.58 L Cr1.55 L Cr
Total Assets5.05 L Cr5.34 L Cr5.51 L Cr5.59 L Cr

Equity remains stable at ₹9,051 crores, with reserves growing to ₹31,907 crores by March 2027, indicating retained earnings. Borrowings have slightly decreased to ₹28,819 crores, suggesting reduced reliance on external funding. Total assets have risen to ₹5.59 L Cr, reflecting asset base expansion aligned with credit growth and strategic initiatives.

💰 Cash Flow Statement (₹ Cr)

ItemMar 2026
Operating+2,804
Investing-454
Financing-713
Net Cash Flow+1,637

👥 Shareholding Pattern

CategoryQ3FY26Q4FY26Q1FY27
Promoters89.3%89.3%81.2%
FII0.8%0.8%0.9%
DII4.8%4.8%10.9%
Public4.6%4.7%6.1%
# Shareholders7,19,9397,14,5477,44,225

Promoter holding has declined from 89.27% to 81.19% over four quarters, while FII and DII stakes have increased modestly. The number of shareholders has grown from 7.14 lakh to 7.44 lakh, indicating rising retail and institutional interest. This broadening shareholder base may support future capital market activities and governance scrutiny.

⚖️ Peer Comparison — Banks

Company MCap (₹ Cr) P/E ROCE ROE D/E
HDFCBANK 10.92 L Cr 13.8 25.0% 14.1% 1.00
ICICIBANK 10.40 L Cr 18.5 28.8% 16.4% 0.61
SBIN 9.78 L Cr 11.4 31.8% 14.8% 1.30
KOTAKBANK 4.16 L Cr 7.2 20.7% 11.2% 0.53
AXISBANK 3.99 L Cr 14.3 22.3% 13.1% 1.31
UNIONBANK 1.41 L Cr 6.8 44.9% 15.0% 0.58
PNB 1.31 L Cr 6.0 45.1% 13.7% 0.72
BANKBARODA 1.23 L Cr 6.8 31.2% 10.7% 1.03
INDIANB 1.21 L Cr 9.5 45.8% 15.7% 0.58
CANBK 1.15 L Cr 5.8 42.1% 16.1% 1.32

🔗 Peer Stock Analyses

⚠️ Risk Factors

1. High promoter concentration (81.19%) remains, though declining, which could limit market liquidity. 2. Capital raise plans of ₹7,000 crores may dilute existing shareholders if executed through dilutive mechanisms. 3. Management turnover, including the recent retirement of a General Manager, introduces execution risk in operational continuity. 4. Despite improving asset quality, gross NPA at 2.60% still requires monitoring amid expanding credit volumes.

📋 Recent Filings

🧠 Analyst's Read

Central Bank of India is transitioning from a stable public sector lender to a growth-oriented institution with improving profitability and capital strength. Investors should monitor the progress of the capital raise, GIFT City expansion, and credit quality trends in the coming quarters.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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