Bank of Baroda (IN:BANKBARODA)
:BANKBARODA
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Bank of Baroda
(BANKBARODA)
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Rating:69Neutral
Price Target:
₹285.00
▲(1.79% Upside)
Action:Downgraded
Date:05/13/26
The score is supported primarily by solid underlying financial performance (multi-year profitability improvement) and attractive valuation (low P/E and ~3.21% yield). It is held back by weak technicals, with price below key moving averages and negative momentum indicators, plus some fundamental watchouts in 2026 (margin softening, higher leverage, and historically volatile cash flows).
Positive Factors
Multi-year revenue and margin improvement
Sustained revenue growth alongside a multi-year step-up in net margins indicates a stronger core earnings engine. Improved margins reflect better pricing, mix or cost control and support durable profitability that can fund growth, reserves, and reinvestment over the medium term.
Negative Factors
Rising leverage (debt-to-equity)
A notable rise in leverage reduces financial flexibility and increases sensitivity to funding costs and credit stress. Higher debt-to-equity tightens the bank’s capacity to expand risk-weighted assets or absorb losses without raising capital, a medium-term vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue and margin improvement
Sustained revenue growth alongside a multi-year step-up in net margins indicates a stronger core earnings engine. Improved margins reflect better pricing, mix or cost control and support durable profitability that can fund growth, reserves, and reinvestment over the medium term.
Read all positive factors
Bank of Baroda (BANKBARODA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.37T
Dividend Yield2.86%
Average Volume (3M)524.94K
Price to Earnings (P/E)6.5
Beta (1Y)1.06
Revenue Growth2.58%
EPS Growth-4.19%
CountryIN
Employees75,515
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)37.20
Shares Outstanding5,171,362,300
10 Day Avg. Volume410,252
30 Day Avg. Volume524,937
Financial Highlights & Ratios
PEG Ratio-1.54
Price to Book (P/B)0.77
Price to Sales (P/S)0.82
P/FCF Ratio0.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹310.00Price Target Upside10.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)38.73
Revenue Forecast (FY)₹691.55B
Bank of Baroda Business Overview & Revenue Model
Company Description
Bank of Baroda Limited provides various banking products and services to individuals, government departments, and corporate customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking,...
How the Company Makes Money
Bank of Baroda primarily makes money through (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest received on interest-earning assets (mainly loans and advances to retail customers, MS...
Bank of Baroda Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50T | 1.57T | 1.48T | 1.38T | 1.06T | 872.08B |
| Gross Profit | 503.69B | 636.62B | 696.79B | 679.01B | 557.91B | 483.93B |
| EBITDA | 261.16B | 269.08B | 294.92B | 279.52B | 229.14B | 116.79B |
| Net Income | 192.36B | 198.46B | 207.16B | 187.67B | 149.05B | 78.50B |
Balance Sheet | ||||||
| Total Assets | 19.14T | 21.02T | 18.62T | 16.55T | 15.26T | 13.40T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.61T | 1.32T | 1.00T | 1.02T | 1.30T |
| Total Debt | 1.48T | 1.70T | 1.06T | 930.89B | 1.05T | 1.10T |
| Total Liabilities | 17.53T | 19.33T | 17.14T | 15.34T | 14.20T | 12.48T |
| Stockholders Equity | 1.59T | 1.66T | 1.47T | 1.20T | 1.05T | 918.68B |
Cash Flow | ||||||
| Free Cash Flow | -250.03B | 2.39T | 285.59B | -76.29B | -222.54B | 31.27B |
| Operating Cash Flow | -241.32B | 2.41T | 348.92B | -62.74B | -212.71B | 65.32B |
| Investing Cash Flow | -23.01B | -2.19T | -64.94B | -12.85B | -10.96B | -36.45B |
| Financing Cash Flow | 213.44B | 69.45B | 37.90B | 54.76B | -54.88B | -13.19B |
Bank of Baroda Technical Analysis
Negative
280.00
Price Trends
271.03
Negative
285.61
Negative
274.59
Negative
Market Momentum
-3.08
Negative
47.05
Neutral
57.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANKBARODA, the sentiment is Negative. The current price of 280 is above the 20-day moving average (MA) of 265.52, above the 50-day MA of 271.03, and above the 200-day MA of 274.59, indicating a bearish trend. The MACD of -3.08 indicates Negative momentum. The RSI at 47.05 is Neutral, neither overbought nor oversold. The STOCH value of 57.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BANKBARODA.
Bank of Baroda Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹780.62B | 8.22 | ― | 2.08% | 4.62% | 20.74% | |
69 Neutral | ₹1.37T | 6.45 | ― | 2.86% | 2.58% | -4.19% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹1.23T | 5.69 | ― | 3.15% | -0.57% | 7.81% | |
65 Neutral | ₹1.18T | 5.20 | ― | 2.40% | 6.41% | -2.63% | |
62 Neutral | ₹1.11T | 9.73 | ― | 2.07% | 8.72% | 3.93% | |
60 Neutral | ₹1.16T | 5.68 | ― | 2.66% | 0.28% | 12.34% |
* Financial Sector Average
IN:BANKBARODA
Bank of Baroda
265.00
31.55
13.51%
IN:CANBK
Canara Bank
128.35
24.61
23.72%
IN:IDBI
IDBI Bank Limited
72.60
-17.57
-19.49%
IN:INDIANB
Indian Bank
825.95
246.03
42.42%
IN:PNB
Punjab National Bank
102.60
4.49
4.58%
IN:UNIONBANK
Union Bank of India Limited
160.85
25.10
18.49%
Bank of Baroda Corporate Events
Bank of Baroda Reshapes Senior Management Across Key Business Lines
May 11, 2026
Bank of Baroda has announced changes in its senior management structure, appointing Sunil Kumar Sharma as Head of MSME Banking, Co-Lending and Supply Chain Finance, Manjula Devi G as Head of Credit Monitoring and Mandva Naga Subrahmanyam as Head o...
Bank of Baroda Reschedules Media and Analyst Meets for May 8
May 5, 2026
Bank of Baroda has rescheduled the timing of its upcoming media and analyst interactions on 8 May 2026, with the media meet now set to begin at 4:45 p.m. via Zoom and the analyst meet to start at 6:30 p.m. The analyst meet, to be held as a virtual...
Bank of Baroda Elevates Veteran Banker to Lead Treasury and Global Markets
Apr 18, 2026
Bank of Baroda has appointed Mr. Mehrotra Manish Nath as Head (In-Charge) of Treasury Global Markets, Special Treasury, Mumbai, effective April 18, 2026. Mehrotra, who holds degrees in commerce, business administration and investment and treasury...
Bank of Baroda Overhauls Senior Management to Strengthen Key Business Verticals
Apr 7, 2026
Bank of Baroda has announced multiple changes in its senior management, appointing several seasoned executives as Chief General Managers and General Managers across core business verticals, including subsidiaries and joint ventures, operations, MS...
Bank of Baroda Posts Strong Provisional FY26 Growth in Loans and Deposits
Apr 2, 2026
Bank of Baroda reported robust provisional business figures for the year ended 31 March 2026, underscoring solid expansion across key banking metrics. The bank’s global business rose 13.93% year-on-year to ₹30.79 trillion, reflecting c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.