Investor presentationSep 2026
Sep 2026 · PPT
Source: Bse
Central Bank of India (CENTRALBK)
Large CapFinancial Services stocks · Large cap · NSE
Central Bank of India is a public sector bank with over 114 years of operations and a pan-India presence through 22,346 touch points, including 4,605 branches. The bank focuses on retail, agriculture, and MSME (RAM) sectors, alongside corporate credit, serving diverse customer segments across rural and urban areas.
Data qualityVerify one data layerQuote updated 21 Oct, 03:31 pm ISTPost-result recalculation pendingDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result17 Oct, 01:19 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
36Bearishfull bear SMA stack · MACD + · near 52W low
Stock trend: 31
Sector RS: 45
Sector 3M: -5.7% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CENTRALBKD candles · FIT view-16.7%Latest close ₹30.43 on 2026-10-21
Bar
-2.5%
RSI
47
MACD hist
0.06
52W pos
10%
2026-10-21O ₹31.20H ₹31.25L ₹30.37C ₹30.43Vol 52.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CENTRALBKNifty Financial ServicesNifty 500
- CENTRALBK
- -5.0%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- +1.5 pp
Chart stats
21 Oct 2026- From 52W high
- -25.6%
- 52W range position
- 10%
- ATR (14)
- 2.4%
- Volume vs 20D
- 1.00x
- Avg traded value
- ₹16.1 Cr
- 20D price channel
- ₹29.8 - ₹32
₹40.9
₹29.3 - ₹40.9
₹0.7
Latest completed session
20-session average
20.0% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED68
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good60
Revenue +34.1% · PAT +19.5% YoY
Technical
Bearish36
Price trend and sector-relative-strength timing.
Valuation
Legacy model+76.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Good · 60/100Rev +34% YoY · PAT +20% YoY · +21% QoQ
Filed 17 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹11,774.4 Cr | +34.1% | +21.1% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹1,475.2 Cr | +19.5% | +11.3% |
| PAT margin | 12.5% | -153 bps | -109 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 6.18
- P/B
- 0.69
- EV/EBITDA
- —
- Market Cap
- 28240.00Cr
Profitability
- ROE
- 11.90%
- ROCE
- 5.64%
- ROA
- 0.83%
- Dividend Y
- 3.85%
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- 46.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 39.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- —
- Altman Z
- 1.73
- Book Value
- 45.20
Cash Flow
- FCF Yield
- 8.32%
- FCF Positive Y
- 6/5
- OCF
- 2804.00 Cr
- EPS TTM
- 5.04
Shareholding
- Promoter Hold
- 81.19%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 11.8k+21.1% vs prev
Net Profit
₹ CrLatest: 1,475+11.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 47. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 47 — sideways, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
29
RS percentile
Stage 4 Downtrend
1M return
-3.4%
3M return
-5.0%
6M return
-15.8%
1Y return
-24.3%
RS 1D
+2
RS 20D
+6
Sector rank
#10
Industry rank
#8
Stage evidence
- Price is 5.8% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.6%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 86.67-0.82%
RS vs Nifty 50087
Valuation & peers
U-Score 68 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 68 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth16/25
Quality2/20
Balance Sheet8/15
Cash Flow8/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
68
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
68/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 8.3%.
- Fair-value margin of safety is positive at 76.3%.
- Valuation contributes 30/30 to the score.
Main drags
- Altman Z is 1.7, in distress territory.
- Quality is weaker at 2/20; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
6.2
PB
0.7
EV/EBITDA
—
ROE
11.9%
ROCE
5.6%
FCF Yield
8.3%
Debt/Equity
0.1
MoS
+76.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
68
Previous: 68
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+76.3%
Previous: +75.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
68
68
68
68
68
68
68
68
68
68
68
68
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹71.59
+57.5% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹128.52
+76.3% MoS
PEG
0.14
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
UCOBANK
Large
UCO Bank
Banking
match 167
57
10.0
8.5%
+68%
FAIR VALUE
BANKINDIA
Large
Bank of India
Banking
match 157
72
5.0
12.4%
+79%
UNDERVALUED
IOB
Large
Indian Overseas Bank
Banking
match 156
64
10.1
15.6%
+61%
UNDERVALUED
PSB
Small
Punjab & Sind Bank
Banking
match 156
53
10.1
9.6%
+60%
FAIR VALUE
SOUTHBANK
Micro
The South Indian Bank Limited
Banking
match 155
51
8.6
13.5%
+63%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-08-21T18:11:13.920Z
Management commentary snapshot
Q1 FY27 saw robust global business growth of 18.29% YoY, with advances surging 28.58% YoY. Net profit increased 13.26% YoY to ₹1,324 crores. Asset quality improved significantly, with GNPA at 2.60% (down 53 bps YoY) and NNPA maintained at 0.49%. NIM stood at 3.06%, aligning with guidance.
The bank demonstrates strong operational momentum with significant growth in both deposits and advances, coupled with improving asset quality and profitability metrics. Strategic initiatives in credit expansion, cost control, and digital transformation are underway, supporting the positive outlook.
Current business mix
Advances by Segment
Latest issuer-disclosed distribution across 2 reported categories.
RAM68.0%
Corporate Credit32.0%
Growth engines
RAM Sector Growth
RAM sector grew by 21.38% (Retail 23.92%, Agriculture 21.14%, MSME 18.03%).
Corporate Credit Opportunities
Corporate credit grew 46.52% YoY (from a low base), with opportunities in renewable energy, data centers, HAM projects, and CRE.
Gold Loan & SHG Segments
Bank is harnessing Gold Loan (₹36,000 crores book) and SHG segments, with dedicated divisions and focus on South India for higher yields.
Fee-Based Income & New Verticals
Focus on non-interest income through centralized forex/BG cells, Bancassurance, and planned wealth management and credit card verticals.
Capacity and execution
GIFT City Branch
Opened one new branch at GIFT City, Gandhinagar, Gujarat on June 29, 2026, to leverage overseas business.
Specialized Centers & Branches
Opened centralized BG cell, centralized forex cell, 35 customer acquisition centers, and 9 government business centers. Plans for more corporate/mid-corporate branches.
Personnel Deployment
1,000 credit officers undergoing specialized training will join in Oct 2026; 300 marketing officers have been posted.
Tailwinds
Strong Deposit Mobilization
New products like Cent Queen (₹1,457 crores mobilized) and Salary Cent Prestige (₹787 crores mobilized) show good traction.
Improved Credit Underwriting
Consistent improvement in slippage ratio (0.29%) and post-disbursement credit monitoring quality.
Optimal Liquidity Utilization
LCR moderated to 156% (from 210%+) and NSFR to 128% (from 147%), indicating optimal deployment of high-quality liquid assets.
Headwinds
Treasury Income Impact
Treasury income for the quarter was ₹276 crores, less than the previous year due to market conditions.
Risk radar
ECL Provisioning Requirement
Total ECL provision requirement is approximately ₹4,500-₹5,000 crores, with ₹1,525 crores already provisioned. Expects 80 bps impact if accounted at once.
Agriculture KCC Slippage
Agriculture KCC contributed ₹200 crores out of total slippage of ₹986 crores, though debt waiver schemes may liquidate these.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is primary for overall business growth, asset quality, and profitability trends as stated by management. QoQ is relevant for assessing sequential momentum in credit growth and operational efficiency.
Sector KPIs management disclosed
Global Business Growth
Total global business grew by 18.29% YoY to ₹833,320 crores.
Gross Global Advance Growth
Gross global advances increased by 28.58% YoY to ₹354,348 crores.
Deposit Growth
Deposits increased by 11.68% YoY to ₹478,972 crores. CASA grew by 11.16% YoY, maintaining 46.61% of total deposits.
Net Interest Margin (NIM)
NIM is 3.06%, above the 3% guidance.
Management forward view
Guidance Adherence
Bank is confident in aligning with market guidance of 11-12% deposit growth and 14-16% advances growth for the year.
Profitability Targets
NIM will remain 3% and above, ROA 1% and above. ROE improved to 14.92%.
Cost-to-Income Reduction
Targeting to reduce cost-to-income ratio by 1.5-1.6% in the coming year through strategic income maximization and cost curtailment.
Recovery Targets
Expecting ₹2,200-₹2,500 crores recovery from technically written-off accounts this year, pursuing OTS and SARFAESI auctions.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Annual Advance Growth | 28.58% YoY (Q1 FY27) | Sustained growth within the 14-16% guidance range for the full year. |
| Net Interest Margin (NIM) | 3.06% | Maintenance of NIM at or above 3%. |
| Cost-to-Income Ratio | 55.40% | Progress towards the targeted reduction of 1.5-1.6%. |
| ECL Provisioning | ₹1,525 crores provisioned out of ₹4,500-₹5,000 crores total requirement | Timely and manageable provisioning for the remaining ECL requirement by April '27. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 75th percentile within Financial Services. Main check: financial discipline is weak at 56/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
132 docs text-extracted · 47 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Financial Services: 75th pctile, median 62 · Large: 40th pctile, median 73
Evidence depth
Financial-only
132 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
68
acceptable · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
62
acceptable · leverage and solvency
Discipline
56
watch · capital discipline
Results
72
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 81.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 8.3%.
- ▸6 years of positive FCF.
Trust risks
- ▸Promoter holding fell 8.1%.
- ▸Altman Z is 1.73.
- ▸ROCE is low at 5.6%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Central Bank of India
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 17 Oct - Central Bank of India reported Q2 FY27 net profit up 21.1% to ₹1,469 crore; half-year profit ₹2,793 crore.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Oct - Press Clippings of Financial Results of Bank for the quarter ended 30th September, 2026
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep - Central Bank of India to hold analyst/investor meet on 28 September 2026 in Mumbai.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 23 Sep - Government extends Executive Director Shri Mahendra Dohare’s tenure by three years from 08.10.2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep - Intimation about Participation in Bharat Connect Conference: Rising Stars.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 29 Aug - GM Umesh Kumar Singh retired voluntarily, effective 28.08.2026.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 4 Aug - CRISIL upgraded Central Bank of India’s corporate credit and bond ratings on 04.08.2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Newspaper Publication regarding Notice of 19th Annual General Meeting of the Bank
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul - Newspaper Publication regarding Notice of 19th Annual General Meeting of the Bank.
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 9 Jul
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 18 Jun - CARE reaffirmed Central Bank of India’s CD rating A1+ for ₹20,000 crore programme, enhanced from ₹10,000 crore.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.