Bank of Baroda (BANKBARODA) AI Stock Analysis

• Market Cap: ₹1.56T
• Dividend Yield: 2.86%
• Average Volume (3M): 524.94K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 1.18
• Revenue Growth: 4.40%
• EPS Growth: -3.84%
• Country: US
• Employees: 75,515
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 9.30
• Shares Outstanding: 5,171,362,300
• 10 Day Avg. Volume: 410,252
• 30 Day Avg. Volume: 524,937
• PEG Ratio: 0.55
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.80
• P/FCF Ratio: 4.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹325.00
• Price Target Upside: 8.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: ₹311.00 ▲(4.01% Upside)

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

Revenue Growth

Consistent revenue growth indicates expanding market reach and effective product offerings, supporting long-term business sustainability.

Cash Flow Management

Strong cash flow management enhances financial flexibility and supports ongoing investments in growth and operations.

Profit Margins

Improved profit margins reflect efficient cost management and operational strength, contributing to long-term financial health.

Negative Factors

Equity Ratio

A lower equity ratio suggests potential vulnerability to financial fluctuations, which could impact stability during economic downturns.

Historical Cash Flow Volatility

Volatile cash flows can lead to unpredictability in financial planning and may affect the bank's ability to fund operations consistently.

Revenue Growth Instability

Instability in revenue growth can challenge long-term strategic planning and affect investor confidence in sustained performance.

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, and Other Banking Operations segments. It offers savings and current accounts; term, fixed and recurring deposits; and NRI deposit products. The company also provides loans, such as home, education, vehicle, gold, mudra, personal, and mortgage loans, as well as loans against securities and public issues/IPO; professional, composite, bridge, FCNR, and short and medium-term corporate loans, as well as loans for micro, small, and medium enterprises; working capital finance, term finance, commercial vehicle finance, export finance, advances against shares, bill finance, lines of credit, loans against rent receivables, project finance, infrastructure finance, supply chain finance, loans for the takeover of accounts, foreign currency credit, and non-fund based services; and debit, prepaid, and credit cards. In addition, it offers loans and advances, and pensions and government schemes to customers; life insurance, general insurance, and health insurance products, as well as mutual funds; appraisal merchant banking, cash management, remittance, collection, e-stamping, ECS, hedging, FX retail, correspondent banking, treasury, investment, lockers, and capital market services; and ATM, mobile banking, internet banking, cash recycler, and e-lobby services. Bank of Baroda Limited was incorporated in 1908 and is headquartered in Vadodara, India.

How the Company Makes Money

Bank of Baroda primarily generates revenue through the interest income earned from its lending activities. The bank offers various loan products, including home loans, personal loans, auto loans, and business loans, which contribute significantly to its interest income. Additionally, it earns fees and commissions from services such as account maintenance, fund transfers, and wealth management services. The bank also generates income from investments in government securities and other financial instruments. Partnerships with fintech companies and international financial institutions enhance its service offerings and revenue potential. Overall, the bank's diverse portfolio of financial products and services, alongside its extensive branch network, positions it to capitalize on various revenue streams.

Bank of Baroda Financial Statement Overview

Summary

Bank of Baroda demonstrates strong financial performance with impressive revenue and profit growth, backed by efficient cost management and operational strength. The balance sheet reflects moderate leverage and a stable capital structure, though a lower equity ratio highlights potential risks. Cash flow management has improved significantly, with strong cash generation relative to net income. Despite historical fluctuations, the overall financial health is robust.

Income Statement

Bank of Baroda has shown strong revenue growth with a significant increase from 2024 to 2025. The gross profit margin is robust at 48.8% for 2025, indicating efficient cost management. Net profit margin improved to 13.6% in 2025, showing enhanced profitability. The EBIT and EBITDA margins of 18.1% and 19.0% respectively, signal strong operational performance. However, fluctuations in revenue growth rates over the years indicate some instability.

Balance Sheet

The debt-to-equity ratio for 2025 is 0.93, which is reasonable for a bank, indicating moderate leverage. The equity ratio is relatively stable at 7.9%, showing a consistent capital structure. ROE at 14.1% for 2025 reflects decent profitability for shareholders. However, a lower equity ratio suggests potential vulnerability to financial fluctuations.

Cash Flow

The company has significantly improved its free cash flow, with substantial growth from 2024 to 2025. The operating cash flow to net income ratio of 1.68 indicates strong cash generation relative to profits. The free cash flow to net income ratio is also strong at 1.38 for 2025, suggesting efficient cash management. Nonetheless, historical volatility in cash flows poses some risk.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.51T	1.48T	1.38T	1.06T	872.08B	881.94B
Gross Profit	705.58B	696.79B	679.01B	557.91B	483.93B	449.92B
EBITDA	268.55B	294.92B	279.52B	229.14B	116.79B	78.97B
Net Income	194.58B	207.16B	187.67B	149.05B	78.50B	15.48B
Balance Sheet
Total Assets	18.40T	18.62T	16.55T	15.26T	13.40T	12.03T
Cash, Cash Equivalents and Short-Term Investments	1.38T	1.32T	1.00T	1.02T	1.30T	1.29T
Total Debt	1.33T	1.06T	930.89B	1.05T	1.10T	712.63B
Total Liabilities	16.85T	17.14T	15.34T	14.20T	12.48T	11.20T
Stockholders Equity	1.54T	1.47T	1.20T	1.05T	918.68B	823.90B
Cash Flow
Free Cash Flow	0.00	285.59B	-76.29B	-222.54B	31.27B	-36.73B
Operating Cash Flow	0.00	348.92B	-62.74B	-212.71B	65.32B	-8.87B
Investing Cash Flow	0.00	-64.94B	-12.85B	-10.96B	-36.45B	-4.71B
Financing Cash Flow	0.00	37.90B	54.76B	-54.88B	-13.19B	-9.86B

Bank of Baroda Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 299.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 299 is below the 20-day moving average (MA) of 301.61, above the 50-day MA of 293.64, and above the 200-day MA of 257.27, indicating a bullish trend. The MACD of 3.61 indicates Positive momentum. The RSI at 57.49 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNIONBANK	82 Outperform	₹1.34T	6.96	―	3.15%	3.86%	19.14%
BANKBARODA	81 Outperform	₹1.56T	8.04	―	2.86%	4.40%	-3.84%
IDBI	76 Outperform	₹1.03T	11.38	―	2.08%	11.31%	37.17%
CANBK	75 Outperform	₹1.39T	7.13	―	2.66%	8.89%	19.79%
PNB	75 Outperform	₹1.44T	8.01	―	2.40%	12.10%	12.93%
INDIANB	74 Outperform	₹1.14T	9.93	―	2.07%	9.74%	12.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Bank of Baroda Corporate Events

Bank of Baroda’s Global Business Rises 12.22% in Q3 FY2025 on Strong Advance Growth

Bank of Baroda reported a 12.22% year-on-year increase in global business to ₹28.91 trillion as of 31 December 2025, driven by solid growth in both advances and deposits. Global advances rose 14.57% year-on-year to ₹13.44 trillion, reflecting robust credit demand, while global deposits grew 10.25% to ₹15.47 trillion, supported by 11.13% growth in domestic deposits and a strong 17.30% expansion in domestic retail advances. These provisional figures, subject to audit, indicate sustained balance-sheet expansion and underscore the bank’s strengthening position in the Indian banking sector, particularly in retail lending and domestic operations, which are key to its long-term competitiveness and earnings potential.

Bank of Baroda Acquires 50% Stake in IDPIC to Enhance Digital Payment Security

Bank of Baroda has announced its subscription to 1 crore equity shares of the Indian Digital Payment Intelligence Corporation (IDPIC), acquiring a 50% stake as the initial promoter. This strategic move aims to bolster the digital payments ecosystem in India by establishing a not-for-profit platform that leverages advanced technologies such as AI, machine learning, and blockchain to combat payment fraud and enhance security across the payment network.

Bank of Baroda Releases Q2 Financial Results Media Meet Recordings

Bank of Baroda has announced the availability of audio and video recordings of its recent Media and Analyst Meet, where it discussed the financial results for the second quarter of the fiscal year 2025-26. This disclosure is part of the company’s compliance with SEBI regulations, aiming to enhance transparency and communication with stakeholders.