Bank of Baroda (IN:BANKBARODA)
:BANKBARODA
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Bank of Baroda
(BANKBARODA)
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Rating:81Outperform
Price Target:
₹300.00
▲(8.70% Upside)
Action:ReiteratedDate:12/02/25
Bank of Baroda's strong financial performance and attractive valuation are the primary drivers of its high stock score. The company's robust revenue and profit growth, coupled with efficient cash management, underscore its financial health. Additionally, the stock's low P/E ratio and reasonable dividend yield enhance its attractiveness. Technical indicators support a positive outlook, with the stock showing bullish momentum. The absence of earnings call data and corporate events does not detract from the overall positive assessment.
Positive Factors
Diversified business mix
Bank of Baroda’s broad franchise across retail, corporate, MSME, agriculture and international corridors creates durable revenue diversification. Multiple customer segments and product lines reduce single-market dependence, supporting steadier interest and fee income over business cycles and aiding long-term resilience.
Negative Factors
Relatively low equity ratio
A lower equity ratio near 8% leaves a smaller capital cushion against loan losses or macro shocks and increases sensitivity to asset quality deterioration. This can constrain capital actions and may require more frequent regulatory or market-driven capital raising in stressed scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business mix
Bank of Baroda’s broad franchise across retail, corporate, MSME, agriculture and international corridors creates durable revenue diversification. Multiple customer segments and product lines reduce single-market dependence, supporting steadier interest and fee income over business cycles and aiding long-term resilience.
Read all positive factors
Bank of Baroda (BANKBARODA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.43T
Dividend Yield2.86%
Average Volume (3M)524.94K
Price to Earnings (P/E)7.0
Beta (1Y)1.13
Revenue Growth4.40%
EPS Growth-3.84%
CountryIN
Employees75,515
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)9.77
Shares Outstanding5,171,362,300
10 Day Avg. Volume410,252
30 Day Avg. Volume524,937
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)0.81
Price to Sales (P/S)0.80
P/FCF Ratio4.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹329.75Price Target Upside19.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)38.71
Revenue Forecast (FY)₹702.76B
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
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50T | 1.48T | 1.38T | 1.06T | 872.08B | 881.94B |
| Gross Profit | 503.69B | 696.79B | 679.01B | 557.91B | 483.93B | 449.92B |
| EBITDA | 261.16B | 294.92B | 279.52B | 229.14B | 116.79B | 78.97B |
| Net Income | 192.36B | 207.16B | 187.67B | 149.05B | 78.50B | 15.48B |
Balance Sheet | ||||||
| Total Assets | 19.14T | 18.62T | 16.55T | 15.26T | 13.40T | 12.03T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.32T | 1.00T | 1.02T | 1.30T | 1.29T |
| Total Debt | 1.48T | 1.06T | 930.89B | 1.05T | 1.10T | 712.63B |
| Total Liabilities | 17.53T | 17.14T | 15.34T | 14.20T | 12.48T | 11.20T |
| Stockholders Equity | 1.59T | 1.47T | 1.20T | 1.05T | 918.68B | 823.90B |
Cash Flow | ||||||
| Free Cash Flow | -250.03B | 285.59B | -76.29B | -222.54B | 31.27B | -36.73B |
| Operating Cash Flow | -241.32B | 348.92B | -62.74B | -212.71B | 65.32B | -8.87B |
| Investing Cash Flow | -23.01B | -64.94B | -12.85B | -10.96B | -36.45B | -4.71B |
| Financing Cash Flow | 213.44B | 37.90B | 54.76B | -54.88B | -13.19B | -9.86B |
Bank of Baroda Technical Analysis
Positive
276.00
Price Trends
288.60
Negative
290.90
Negative
270.46
Positive
Market Momentum
-8.25
Negative
48.82
Neutral
76.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANKBARODA, the sentiment is Positive. The current price of 276 is above the 20-day moving average (MA) of 271.99, below the 50-day MA of 288.60, and above the 200-day MA of 270.46, indicating a neutral trend. The MACD of -8.25 indicates Negative momentum. The RSI at 48.82 is Neutral, neither overbought nor oversold. The STOCH value of 76.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹1.44T | 5.78 | ― | 3.15% | 3.86% | 19.14% | |
81 Outperform | ₹1.43T | 7.03 | ― | 2.86% | 4.40% | -3.84% | |
75 Outperform | ₹1.27T | 6.69 | ― | 2.66% | 8.89% | 19.79% | |
75 Outperform | ₹1.28T | 6.40 | ― | 2.40% | 12.10% | 12.93% | |
69 Neutral | ₹1.30T | 8.96 | ― | 2.07% | 9.74% | 12.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹796.32B | 14.17 | ― | 2.08% | 11.31% | 37.17% |
* Financial Sector Average
IN:BANKBARODA
Bank of Baroda
276.00
51.34
22.85%
IN:CANBK
Canara Bank
140.10
52.78
60.44%
IN:IDBI
IDBI Bank Limited
74.06
-3.79
-4.87%
IN:INDIANB
Indian Bank
968.40
447.66
85.97%
IN:PNB
Punjab National Bank
111.70
18.38
19.70%
IN:UNIONBANK
Union Bank of India Limited
189.00
75.01
65.80%
Bank of Baroda Corporate Events
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...
Bank of Baroda Posts Media and Analyst Meet Recordings for Q3 FY26
Jan 30, 2026
Bank of Baroda has notified the stock exchanges that audio and video recordings of its media and analyst meets held on 30 January 2026, in connection with its Q3 FY2025-26 financial results, are now accessible via the shareholders’ corner on...
Bank of Baroda Schedules Virtual Media and Analyst Meets on Q3 FY2025 Results
Jan 23, 2026
Bank of Baroda has scheduled a virtual media meet and an analyst meet on 30 January 2026, following its upcoming board meeting to approve unaudited standalone and consolidated financial results for the quarter ended 31 December 2025. The media mee...
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.