Bank of India (BANKINDIA) AI Stock Analysis

• Market Cap: ₹653.99B
• Dividend Yield: 2.87%
• Average Volume (3M): 560.98K
• Price to Earnings (P/E): 5.8
• Beta (1Y): 1.24
• Revenue Growth: 14.34%
• EPS Growth: 20.97%
• Country: IN
• Employees: 50,944
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 5.90
• 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): 20.96
• Revenue Forecast (FY): ₹349.11B

• Rating: 74 Outperform
• Price Target: ₹161.00 ▲(7.95% Upside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is driven primarily by mixed financial performance—strong revenue/margin trends but elevated leverage and weak cash-flow conversion—alongside constructive technical momentum and favorable valuation (low P/E with a meaningful dividend yield).

Positive Factors

Revenue & Margin Trends

Consistent revenue growth and persistently high gross profit margins indicate the bank is expanding core lending and fee businesses while managing costs. Over months this supports lending capacity, allows provisioning absorption, and suggests structural margin resilience if asset quality remains controlled.

Diversified Banking Franchise

Bank of India's broad product and customer mix—retail, MSME, agriculture, corporate, trade finance and digital payments—creates multiple durable revenue streams. Diversification reduces concentration risk, enables cross‑sell and stabilizes net interest and fee income across economic cycles.

Equity Buffer and ROE

A stable equity base and strong ROE suggest efficient capital use and provide a buffer against shocks. This durability supports regulatory capital cushions, ongoing lending capacity and the ability to sustain operations and shareholder returns through near‑term credit cycles.

Negative Factors

Elevated Leverage

Relatively high debt‑to‑equity increases sensitivity to credit and funding shocks and can constrain strategic flexibility. Over a 2–6 month horizon elevated leverage can pressure capital ratios, limit organic balance sheet growth and increase the likelihood of needing external capital if macro stress emerges.

Weak Cash Conversion

Negative operating and free cash flows indicate persistent conversion issues where reported earnings fail to produce cash. This undermines liquidity and self‑funding, constrains loan book growth without external support, and raises risk around dividend and provisioning flexibility over the medium term.

Reliance on External Funding

Heavy use of financing cash flows points to dependence on external sources rather than internal generation. This raises exposure to wholesale funding costs and interest rate volatility, reducing margin resilience and making the bank more vulnerable if market funding conditions tighten.

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 primarily earns money through (1) net interest income and (2) fee and other income. Net interest income is generated from the spread between interest earned on interest-earning assets—mainly loans and advances to retail, MSME, agriculture, and corporate borrowers and investments in securities—and the interest paid on liabilities such as savings accounts, current accounts, and term deposits, as well as wholesale/borrowed funding. Fee and other income is earned from charges and commissions on services such as loan processing and related service fees, account and transaction charges, remittance and payments services, trade finance (e.g., letters of credit and bank guarantees), cash management/transaction banking, card and digital banking fees, and other customer service charges. Like other banks, overall profitability is also influenced by credit quality (provisions for non-performing assets), treasury/investment performance and realized gains/losses on securities, the cost of funds, and operating efficiency. Specific information on significant partnerships materially contributing to earnings is null.

Bank of India Financial Statement Overview

Summary

Income statement strength (revenue growth, solid EBIT/EBITDA margins) is tempered by balance-sheet leverage risk (high debt-to-equity) and weaker cash-flow quality (negative operating/free cash flow and poor cash conversion).

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	835.28B	804.92B	672.06B	538.01B	456.17B	471.60B
Gross Profit	259.69B	338.97B	294.49B	263.60B	215.33B	207.39B
EBITDA	127.98B	131.62B	107.02B	65.25B	59.37B	25.79B
Net Income	96.45B	95.48B	65.64B	38.38B	34.93B	20.83B
Balance Sheet
Total Assets	10.92T	10.56T	9.24T	8.26T	7.43T	7.33T
Cash, Cash Equivalents and Short-Term Investments	876.00B	1.01T	831.23B	846.83B	536.25B	1.27T
Total Debt	1.18T	1.24T	1.28T	1.17T	642.23B	771.34B
Total Liabilities	10.08T	9.76T	8.54T	7.65T	6.86T	6.83T
Stockholders Equity	835.36B	807.26B	705.81B	604.33B	565.22B	499.80B
Cash Flow
Free Cash Flow	-481.34B	-613.83B	-52.87B	-76.68B	-360.59B	375.19B
Operating Cash Flow	-477.85B	-606.60B	163.93B	-70.45B	-354.87B	378.68B
Investing Cash Flow	2.52B	-8.54B	-9.91B	-5.21B	-6.44B	-1.82B
Financing Cash Flow	342.96B	792.29B	722.85B	5.41B	11.46B	23.98B

Bank of India Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANKINDIA, the sentiment is Negative. The current price of 149.15 is below the 20-day moving average (MA) of 159.97, below the 50-day MA of 160.75, and above the 200-day MA of 135.08, indicating a neutral trend. The MACD of -4.62 indicates Positive momentum. The RSI at 34.82 is Neutral, neither overbought nor oversold. The STOCH value of 19.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹653.99B	5.82	―	2.87%	14.34%	20.97%
MAHABANK	71 Outperform	₹479.18B	6.63	―	2.60%	18.36%	14.53%
AUBANK	69 Neutral	₹635.65B	27.81	―	0.10%	30.73%	14.02%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
YESBANK	68 Neutral	₹554.16B	17.71	―	―	5.15%	52.75%
FEDERALBNK	61 Neutral	₹620.37B	15.03	―	0.45%	10.62%	-5.21%
IDFCFIRSTB	61 Neutral	₹518.39B	38.44	―	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.