Bank of Baroda (BANKBARODA) AI Stock Analysis

• Market Cap: ₹1.32T
• Dividend Yield: 3.31%
• Average Volume (3M): 479.97K
• Price to Earnings (P/E): 6.8
• Beta (1Y): 1.26
• Revenue Growth: 7.78%
• EPS Growth: 2.18%
• Country: IN
• Employees: 75,515
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 8.78
• Shares Outstanding: 5,171,362,300
• 10 Day Avg. Volume: 595,300
• 30 Day Avg. Volume: 479,969
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹263.40
• Price Target Upside: 4.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 74 Outperform
• Price Target: ₹262.00 ▲(3.74% Upside)

Bank of Baroda's strong financial performance and attractive valuation are the most significant factors contributing to its score. The stock's technical indicators suggest a neutral trend, with no significant bullish or bearish signals. The absence of earnings call data and corporate events limits additional insights.

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 generates revenue through various streams, primarily through interest income from loans and advances to individuals, businesses, and government entities. The bank also earns income from fees and commissions associated with banking services like account maintenance, fund transfers, and foreign exchange transactions. Another significant revenue stream comes from treasury operations, which include investments in government securities, bonds, and other financial instruments. Additionally, Bank of Baroda partners with insurance companies and mutual fund providers, earning commissions for distributing these financial products. The bank's international operations also contribute to its earnings, leveraging its presence in global financial markets.

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. 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	1.10T	1.53T	601.36B	1.06T	872.08B	881.94B
Gross Profit	720.51B	746.19B	679.01B	557.91B	483.93B	356.00B
EBITDA	276.19B	290.86B	279.52B	226.05B	114.47B	77.30B
Net Income	207.16B	207.16B	187.67B	149.05B	78.50B	15.48B
Balance Sheet
Total Assets	18.62T	18.62T	16.55T	15.26T	13.40T	12.03T
Cash, Cash Equivalents and Short-Term Investments	1.32T	1.32T	1.00T	1.02T	1.30T	1.29T
Total Debt	1.36T	1.36T	1.02T	1.08T	1.10T	712.63B
Total Liabilities	17.14T	17.14T	15.34T	14.20T	12.48T	11.20T
Stockholders Equity	1.47T	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: 252.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 252.55 is above the 20-day moving average (MA) of 241.57, above the 50-day MA of 241.74, and above the 200-day MA of 229.95, indicating a bullish trend. The MACD of 3.63 indicates Negative momentum. The RSI at 66.87 is Neutral, neither overbought nor oversold. The STOCH value of 82.15 is Negative, 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
BANKBARODA	74 Outperform	₹1.32T	6.76	―	3.31%	7.78%	2.18%
UNIONBANK	74 Outperform	1.06T	5.65	15.84%	3.43%	7.65%	28.06%
IDBI	72 Outperform	989.22B	12.50	12.38%	2.33%	16.28%	25.78%
CANBK	70 Outperform	1.11T	6.03	16.64%	3.30%	9.22%	18.54%
PNB	68 Neutral	1.28T	7.59	13.88%	2.61%	15.52%	37.23%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Bank of Baroda Corporate Events

Bank of Baroda Announces New Company Secretary Appointment

Bank of Baroda has announced a change in its Company Secretary position. Shri P K Agarwal will retire on August 31, 2025, and Shri S Balakumar will take over as the new Company Secretary from September 1, 2025. This change is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The appointment of Mr. Balakumar, who has over 15 years of experience in the bank and holds several qualifications, is expected to ensure continuity and stability in the bank’s compliance and governance functions.

Bank of Baroda Appoints New Head of Mid Corporate

Bank of Baroda has announced a change in its Senior Management Personnel with the appointment of Mr. Gopalan V as the Head of Mid Corporate at BCC Mumbai. Mr. Gopalan, who holds a Bachelor’s degree in Maths, a Master’s degree in Arts, and CAIIB certification, brings over 33 years of experience within the bank to his new role, potentially strengthening the bank’s mid-corporate operations.