Bank of India (BANKINDIA) AI Stock Analysis

• Market Cap: ₹746.64B
• Dividend Yield: 2.87%
• Average Volume (3M): 560.98K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 1.38
• Revenue Growth: 14.34%
• EPS Growth: 20.97%
• Country: IN
• Employees: 50,944
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 5.95
• Shares Outstanding: 4,552,668,000
• 10 Day Avg. Volume: 872,103
• 30 Day Avg. Volume: 560,982
• PEG Ratio: 0.15
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 0.62
• P/FCF Ratio: -0.82
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹184.00 ▲(23.37% Upside)

Bank of India's stock is supported by strong technical indicators and an attractive valuation, making it appealing for growth and income investors. However, financial performance highlights the need for improved cash flow management and leverage reduction to ensure long-term stability.

Positive Factors

Revenue Growth

Consistent revenue growth signals expanding core banking operations and loan book, which supports recurring interest and fee income over time. Sustained top-line momentum enables reinvestment in distribution, product capabilities and technology, strengthening long-term earnings capacity and competitive positioning.

Equity Position & ROE

A stable equity base and strong ROE provide a durable capital buffer to absorb loan losses and support lending growth without immediate recapitalization. This improves regulatory resilience and strategic flexibility, allowing the bank to pursue credit expansion or investments while maintaining solvency over the medium term.

Diversified Franchise

A broad mix of retail, SME, corporate and international clients combined with partnerships expands fee and interest revenue streams and reduces concentration risk. Diversification supports steadier cash flows, cross‑sell opportunities and resilience to sector-specific shocks over the next several months.

Negative Factors

High Leverage

Elevated leverage increases sensitivity to interest costs and reduces balance-sheet flexibility. High debt levels can constrain dividend or lending capacity, heighten refinancing needs and amplify downside in stress scenarios, making capital management and deleveraging priorities for sustaining growth.

Weak Cash Flow Conversion

Operating and free cash flow shortfalls indicate reported earnings are not converting into cash, forcing dependence on financing inflows. This weakens liquidity resilience, limits internally funded loan growth or shareholder returns, and raises refinancing and funding risks over the medium term.

Profitability Volatility

Moderate net margins and fluctuating operating margins point to variable profitability driven by cost structure or credit cycles. Earnings volatility undermines steady internal capital generation, complicates multi-period planning and requires sustained margin improvement to support long-term investment and competitive strength.

Bank of India Business Overview & Revenue Model

Company Description

Bank of India Limited provides various banking products and services. It operates through Treasury Operations, Wholesale Banking, and Retail Banking segments. The company accepts various deposit products, such as savings, salary, current, term, and tax saving deposits. It also offers home, education, vehicle, personal, pensioner, and top-up loans, as well as loan for Pradhan Mantri Awas Yojana and against property; housing loans to NRIs/PIOs; overdraft against securities; loans against FCNR deposits; and loans for corporate and MSME customers. In addition, the company provides cash management services; trade finance; online share trading services; insurance products and services; mutual fund products; portfolio management services; credit, debit, and prepaid cards; and remittance, online banking and payment, online income tax return, and ATM and other kiosk services, as well as cards, loans, and services to rural customers. As of March 31, 2022, it operated 5,105 branches in India; and 22 branches and 1 representative office internationally. The company was incorporated in 1906 and is headquartered in Mumbai, India.

How the Company Makes Money

Bank of India generates revenue primarily through interest income and fee-based income. The majority of its earnings come from the interest spread between the loans it provides and the deposits it collects. The bank offers various loan products, including personal loans, home loans, and business loans, which attract interest payments from borrowers. Additionally, Bank of India earns fee-based income from services such as account maintenance fees, transaction fees, and commissions from financial products like insurance and mutual funds. The bank has also established partnerships with other financial institutions and technology companies to enhance its service offerings and expand its customer base, contributing further to its revenue streams.

Bank of India Financial Statement Overview

Summary

Bank of India shows robust revenue growth and a strong equity position, indicating resilience and potential for expansion. However, high leverage and cash flow challenges need attention to ensure sustainable financial health.

Income Statement

Bank of India has demonstrated strong revenue growth with a significant increase from the previous year, indicating positive momentum. The gross profit margin is consistently high, reflecting effective cost management. However, the net profit margin is moderate, suggesting room for improving profitability. The EBIT and EBITDA margins are solid but show fluctuations over the years, highlighting potential operational efficiencies that could be enhanced.

Balance Sheet

The balance sheet reflects a stable equity position with an acceptable equity ratio, providing a buffer against liabilities. Despite this, the debt-to-equity ratio is relatively high, indicating substantial leverage, which could pose risks if not managed carefully. Return on equity is strong, demonstrating effective use of equity to generate profits.

Cash Flow

The company faces challenges in cash flow management, with negative operating and free cash flows suggesting liquidity issues. This is offset by strong financing cash flows, indicating reliance on external funding. The ratios of cash flow to net income reveal that earnings are not translating effectively into cash, a potential area for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	827.85B	804.92B	672.06B	538.01B	456.17B	471.60B
Gross Profit	345.63B	338.97B	294.49B	263.60B	215.33B	207.39B
EBITDA	125.75B	131.62B	107.02B	65.25B	59.37B	25.79B
Net Income	94.90B	95.48B	65.64B	38.38B	34.93B	20.83B
Balance Sheet
Total Assets	10.80T	10.56T	9.24T	8.26T	7.43T	7.33T
Cash, Cash Equivalents and Short-Term Investments	1.05T	1.01T	831.23B	846.83B	536.25B	1.27T
Total Debt	1.28T	1.24T	1.28T	1.17T	642.23B	771.34B
Total Liabilities	9.99T	9.76T	8.54T	7.65T	6.86T	6.83T
Stockholders Equity	809.22B	807.26B	705.81B	604.33B	565.22B	499.80B
Cash Flow
Free Cash Flow	0.00	-613.83B	-52.87B	-76.68B	-360.59B	375.19B
Operating Cash Flow	0.00	-606.60B	163.93B	-70.45B	-354.87B	378.68B
Investing Cash Flow	0.00	-8.54B	-9.91B	-5.21B	-6.44B	-1.82B
Financing Cash Flow	0.00	792.29B	722.85B	5.41B	11.46B	23.98B

Bank of India Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 149.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANKINDIA, the sentiment is Positive. The current price of 149.15 is below the 20-day moving average (MA) of 156.32, above the 50-day MA of 148.39, and above the 200-day MA of 126.78, indicating a bullish trend. The MACD of 5.24 indicates Negative momentum. The RSI at 62.29 is Neutral, neither overbought nor oversold. The STOCH value of 71.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BANKINDIA.

Bank of India Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BANKINDIA	74 Outperform	₹746.64B	7.60	―	2.87%	14.34%	20.97%
MAHABANK	71 Outperform	₹501.64B	7.75	―	2.60%	18.36%	14.53%
AUBANK	69 Neutral	₹733.54B	31.63	―	0.10%	30.73%	14.02%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
YESBANK	68 Neutral	₹671.82B	21.16	―	―	5.15%	52.75%
FEDERALBNK	61 Neutral	₹702.94B	17.32	―	0.45%	10.62%	-5.21%
IDFCFIRSTB	61 Neutral	₹718.25B	41.74	―	0.29%	14.45%	-41.85%

Bank of India Corporate Events

Bank of India Posts Double-Digit Growth in Provisional Q3 FY26 Business

Bank of India has reported strong provisional financial and business performance for the third quarter of FY26, with global business rising 12.50% year-on-year to ₹16.27 lakh crore as of 31 December 2025. Global deposits grew 11.64% to ₹8.87 lakh crore, while global gross advances increased 13.55% to ₹7.40 lakh crore, supported by robust domestic traction where deposits climbed 12.80% and gross advances rose 15.07%. The bank’s domestic RAM (retail, agriculture and MSME) gross advances expanded by 17.69%, underscoring a strategic push into these segments. These trends indicate continued balance-sheet expansion, healthy credit growth and deepening of the domestic franchise, with the figures subject to review by the Statutory Central Auditors.

Bank of India Realigns Senior Management Roles to Strengthen Digital and Governance Focus

Bank of India has announced changes in senior management assignments effective 20 December 2025, reallocating responsibilities across key functions including Information Technology, Digital Banking, Digital Lending, Data Analytics, IT governance, human resources, learning and development, finance, planning, business process re-engineering, and audit. The reshuffle, which includes expanded technology and digital mandates for senior executives and consolidation of oversight roles, is aimed at strengthening the bank’s digital capabilities, governance, and operational efficiency, with potential implications for its competitive positioning and execution of strategic transformation initiatives.

Shri Prabodh Parikh Assumes Role as Shareholder’s Director at Bank of India

Bank of India has announced that Shri Prabodh Parikh has assumed the position of Shareholder’s Director as of November 29, 2025. This appointment is set for a three-year term, concluding on November 28, 2028. The appointment of Shri Parikh is a strategic move that could potentially influence the bank’s governance and stakeholder relations, as his role is crucial in representing shareholder interests.

Bank of India Appoints New Executive Director to Drive Growth

Bank of India announced the appointment of Shri Pramod Kumar Dwibedi as Executive Director, effective from November 24, 2025. With over 30 years of experience in banking, Dwibedi has held various roles, significantly contributing to business development and structural upgrades in banking operations. His expertise is expected to enhance the bank’s focus on corporate customers and drive growth in key business areas.