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Bank of Baroda

BANKBARODA NSE
₹245.37 +2.07 (+0.85%)
P/E
6.98
View as Markdown
MCP
Close 4 Nov 2026 ₹245.37 −40.98 −14.3% 1Y
Start ₹286.35

Key Fundamentals

LargecapBanksFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

EPS (TTM)
₹35.13
Book Value
₹337.98
Market Cap
—
P/E (TTM)
6.98
P/B
0.73
ROE
12.70%
Dividend Yield
3.49%
52W High
₹325.50
52W Low
₹223.82
Day Range
₹241.67 – ₹246.00
Volume
85,94,086
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Public Sector Bank

Bank of Baroda peer comparison
SBI
₹979.0010.48₹9,03,461 Cr1.421.79%15.40%—₹5,38,780 Cr₹89,666 Cr
Union Bank of India
₹183.896.38₹1,39,687 Cr1.022.73%15.70%—₹1,09,300 Cr₹22,000 Cr
Punjab National Bank
₹122.426.15₹1,39,168 Cr0.932.48%13.00%—₹1,34,543 Cr₹22,932 Cr
Bank of Baroda (this company)
₹245.376.98₹1,25,618 Cr0.733.49%12.70%—₹1,36,546 Cr₹18,393 Cr
Indian Bank
₹854.008.70₹1,14,613 Cr1.442.15%15.40%—₹71,835 Cr₹13,220 Cr
Canara Bank
₹118.325.27₹1,07,387 Cr0.883.57%16.10%—₹1,30,895 Cr₹20,314 Cr
Bank of Maharashtra
₹79.618.12₹61,525 Cr1.722.73%22.60%—₹30,262 Cr₹7,536 Cr
Median 7 companies₹183.896.98₹1,25,618 Cr1.022.73%15.40%—₹1,30,895 Cr₹20,314 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
84
Strong
Cheap vs sector & own history 24% weight
Growth
45
Weak
Sales & profit trajectory 9% weight
Financial Health
36
Poor
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
46
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Stock is trading at 0.71 times its book value
  • Stock is providing a good dividend yield of 3.65%.
  • Company has been maintaining a healthy dividend payout of 21.3%

Weaknesses

3
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.8,63,069 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish469
OscillatorsBullish162
Moving AveragesStrong Bullish307

Key readings

RSI (14)
60.60
Neutral
MACD (12,26,9)
1.96
Bullish
SMA (50)
235.99
Bullish
SMA (200)
263.54
Bearish

As of

Analyst Rating

Based on 35 analysts
BUY77%

27 of 35 analysts rate Buy, 5 Hold, 3 Sell.

As of

BUY
27
77%
HOLD
5
14%
SELL
3
9%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.36%
5Y+12.56%
3Y+12.57%
1Y+4.97%
TTM+4.91%

Net profit

Net profit growth by window
10YTurned to profit
5Y+65.43%
3Y+10.18%
1Y−3.81%
TTM−6.25%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹44,473 Cr
Mar 2018₹46,056 Cr
Mar 2019₹52,906 Cr
Mar 2020₹78,895 Cr
Mar 2021₹74,314 Cr
Mar 2022₹73,385 Cr
Mar 2023₹94,139 Cr
Mar 2024₹1,18,379 Cr
Mar 2025₹1,27,945 Cr
Mar 2026₹1,34,298 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,855 Cr
Mar 2018−₹1,836 Cr
Mar 2019₹1,166 Cr
Mar 2020₹981 Cr
Mar 2021₹1,620 Cr
Mar 2022₹7,933 Cr
Mar 2023₹15,005 Cr
Mar 2024₹18,869 Cr
Mar 2025₹20,865 Cr
Mar 2026₹20,070 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹20.92 +60.6% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

Bank of Baroda trades at ₹238.6 as of 2026-10-30 with a market cap of ₹1,24,562.6 Cr, a P/E of 6.79x and a P/B of 0.73x. The bank has delivered a 5-year compounded profit growth of 73% and offers a dividend yield of 3.52%, but the stock is down 13% over the past year and sits roughly 27% below its 52-week high of ₹325.5.

Bull Case 8
  • Trades at a P/B of 0.73x, well below book value, suggesting the market is pricing the stock at a meaningful discount to its net asset base
  • Dividend yield of 3.52% with a healthy payout ratio of 21.3%, offering a tangible return to shareholders even in the absence of capital appreciation
  • 5-year compounded profit growth of 73% reflects a substantial earnings recovery and improving profitability trajectory over the medium term
  • TTM EPS of ₹35.13 supporting a low P/E of 6.79x, which is inexpensive relative to the broader banking sector's typical valuation range
  • 10-year compounded sales growth of 11% and 3-year sales growth of 13% indicate steady top-line expansion over multiple cycles
  • 3-year average ROE of 15% and 5-year average ROE of 14% demonstrate the bank's ability to generate consistent returns on equity across periods
  • TTM profit growth of 14% shows continued earnings momentum even on an already expanded base
  • 5-year stock CAGR of 23% indicates meaningful long-term wealth creation for investors who held through the recovery phase
Bear Case 8
  • Stock has declined 13% over the past one year and trades roughly 27% below its 52-week high of ₹325.5, indicating sustained negative price momentum
  • Contingent liabilities of ₹8,63,069 Cr represent a very large off-balance-sheet exposure that could crystallise into actual losses under adverse conditions
  • Low interest coverage ratio signals that the bank's earnings cushion relative to its interest obligations is thin, raising vulnerability to rate or credit shocks
  • ROCE of 5.08% is modest, suggesting overall capital efficiency across the entire balance sheet remains low
  • Potential capitalisation of interest cost may be flattering reported profitability, meaning true operating earnings could be lower than headline numbers suggest
  • TTM sales growth has decelerated to 5% from a 3-year compounded rate of 13%, pointing to a slowdown in revenue momentum
  • Last year ROE of 13% has declined from the 3-year average of 15%, indicating a softening return profile in the most recent period
  • 10-year stock CAGR of only 4% highlights that long-term equity returns have been subdued despite the recent multi-year earnings recovery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Bank of Baroda delivered strong Q2FY27 results with 35.8% YoY profit growth and meaningful asset quality improvement, supported by robust loan growth and diversification into pension funds and debt market-making. However, the $15 billion BR Shetty lawsuit and NMC-related legacy issues pose a significant tail risk, while NIM compression from FCNR(B) deposits weighs on near-term margins. The stock trades at a steep discount to analyst targets despite heavy 2026 underperformance. The trajectory of the Bombay High Court proceedings and any RBI supervisory action on AML controls will be key catalysts to watch.

Headwinds 4
  • $15B lawsuit by BR Shetty Oct 14

    BR Shetty filed a $15 billion (~₹1.44 lakh crore) suit in Bombay High Court alleging Bank of Baroda served as an 'instrument of fraud' in the NMC Healthcare scandal. The claim is ~85% of the bank's net worth and ~103% of its CET1 capital, though it remains unadjudicated.

  • NMC settlement and AML concerns Oct 13

    Bank of Baroda paid $600 million to NMC administrators on Jul 1, 2026, reducing Q1 FY27 net profit to ₹1,278 crore from an adjusted ₹5,528 crore. Allegations of 100+ ignored AML alerts and potential KYC lapses at the Abu Dhabi branch raise regulatory and reputational risk.

  • NIM compression pressure Oct 29

    Net interest margins expected to decline 5-9 bps sequentially from Q1 FY27's 2.77%, pressured by higher FCNR(B)-linked overseas lending and rising deposit costs, pushing margins toward the lower end of the 2.75-2.90% guidance range.

Positives 4
  • Q2FY27 profit up 35.8% YoY Nov 02

    Net profit rose 35.8% YoY to ₹6,532 crore in Q2FY27. GNPA ratio improved to 1.78% from 2.16% and NNPA declined to 0.37% from 0.57% YoY, showing strong asset quality improvement.

  • Robust loan and deposit growth Oct 29

    Domestic advances grew 13.5% YoY to ₹11.88 trillion and domestic deposits rose 17% YoY to ₹14.88 trillion as of Sep 30. International advances grew 23.3% YoY in Q1 FY27.

  • NBFC subsidiary launched Oct 26

    Wholly-owned subsidiary bob Securities & Giltedge Ltd commenced NBFC operations on Oct 26, 2026, focusing on government securities and debt capital market-making to deepen the bank's financial services franchise.

Neutral 1
  • Shareholder director election set Oct 31

    EGM scheduled for Dec 21, 2026 via video conferencing to elect a shareholder director, with Nov 20 cut-off date for eligibility and nominations due by Dec 5, 2026.

Quarterly Results

₹ Cr
BANKBARODA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
28,003
29,263
30,042
31,072
31,143
31,902
32,570
32,820
32,866
33,318
33,600
34,514
35,115
Expenses
11,040
12,216
10,556
12,269
10,879
12,755
10,654
12,712
12,928
11,548
12,390
13,155
12,130
Financing Profit
902
−480
1,484
494
1,682
−119
1,772
−165
−368
1,579
624
582
1,684
Fin. Margin %
3%
−2%
5%
2%
5%
0%
5%
0%
−1%
5%
2%
2%
5%
Other Income
5,316
6,503
5,042
6,538
4,658
7,553
5,163
7,076
5,538
5,116
6,399
5,474
522
Interest
16,060
17,528
18,002
18,309
18,582
19,266
20,143
20,273
20,307
20,191
20,586
20,776
21,301
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
6,217
6,023
6,526
7,033
6,340
7,434
6,935
6,911
5,170
6,695
7,024
6,057
2,206
Tax %
31%
28%
27%
29%
28%
27%
26%
23%
35%
24%
23%
7%
29%
Net Profit
4,468
4,426
4,815
5,160
4,764
5,405
5,250
5,307
3,517
5,070
5,407
5,648
1,839
EPS (₹)
8.61
8.5
9.26
9.92
9.14
10.36
10.08
10.48
6.71
9.93
10.53
11.22
3.45

Profit & Loss

₹ Cr
BANKBARODA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
44,915
45,799
44,473
46,056
52,906
78,895
74,314
73,385
94,139
1,18,379
1,27,945
1,34,298
1,36,546
Expenses
13,466
25,391
19,250
26,093
25,815
40,583
38,636
37,518
38,239
44,387
45,533
48,058
49,223
Financing Profit
902
−11,700
−4,372
−9,197
−5,414
−11,728
−7,523
−2,948
5,957
4,093
4,147
4,381
4,469
Fin. Margin %
2%
−26%
−10%
−20%
−10%
−15%
−10%
−4%
6%
3%
3%
3%
3%
Other Income
5,449
5,992
7,937
7,992
7,887
12,191
15,254
14,395
16,639
23,399
24,939
22,527
17,511
Interest
30,547
32,107
29,596
29,160
32,506
50,040
43,201
38,815
49,942
69,899
78,265
81,860
82,855
Depreciation
368
525
540
901
948
1,697
1,357
1,438
2,032
1,694
1,467
1,963
0
PBT
5,983
−6,233
3,024
−2,106
1,525
−1,234
6,373
10,008
20,565
25,799
27,619
24,945
21,981
Tax %
36%
−19%
41%
−9%
29%
−176%
77%
23%
29%
29%
26%
22%
—
Net Profit
3,950
−5,033
1,855
−1,836
1,166
981
1,620
7,933
15,005
18,869
20,459
19,477
18,392
EPS (₹)
17.69
−21.99
7.88
−7.13
4.16
2.01
2.99
15.18
28.82
36.29
40.06
38.38
35.13
Div. Payout %
18%
0%
15%
0%
0%
0%
0%
19%
19%
21%
21%
22%
—

Balance Sheet

₹ Cr
BANKBARODA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
444
462
462
530
530
925
1,036
1,036
1,036
1,036
1,036
1,036
Reserves
41,574
42,041
42,605
46,036
54,466
75,179
81,354
90,833
1,04,019
1,18,677
1,45,467
1,64,833
Borrowing
35,502
33,845
31,242
64,860
68,868
95,753
71,263
1,09,526
1,07,910
1,01,959
1,35,813
1,70,297
Deposits
6,29,981
5,86,690
6,17,257
6,07,451
6,65,589
9,73,228
9,95,910
10,75,804
12,34,682
13,59,980
14,96,688
16,75,895
Other Liabilities
26,465
28,134
27,649
28,919
30,217
54,850
53,104
62,922
78,224
73,123
82,762
89,425
Total Liabilities
7,33,966
6,91,173
7,19,216
7,47,796
8,19,670
11,99,935
12,02,667
13,40,121
15,25,871
16,54,775
18,61,766
21,01,485
Fixed Assets
2,978
6,359
5,930
5,532
7,368
9,268
8,438
11,098
9,865
9,054
13,544
13,107
CWIP
0
0
0
0
0
0
2
1
3
6
1
1
Investments
1,24,739
1,28,894
1,40,716
1,75,137
1,95,716
2,89,727
2,81,859
3,47,587
3,97,487
4,07,136
4,27,380
4,35,778
Other Assets
6,06,248
5,55,920
5,72,570
5,67,126
6,16,586
9,00,941
9,12,367
9,81,435
11,18,516
12,38,580
14,20,842
16,52,599
Total Assets
7,33,966
6,91,173
7,19,216
7,47,796
8,19,670
11,99,935
12,02,667
13,40,121
15,25,871
16,54,775
18,61,766
21,01,485

Cash Flow

₹ Cr
BANKBARODA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
17,838
−10,011
17,865
−59,692
−1,449
18,531
−887
6,210
−21,271
−6,274
34,892
33,426
Investing
−556
−4,005
−551
−414
−2,537
−139
−471
−3,645
−1,096
−1,285
−6,494
−3,275
Financing
−6
−616
−198
3,413
4,449
14,729
−986
−998
−5,488
5,476
3,790
−1,806
Net Cash Flow
17,276
−14,632
17,116
−56,692
462
33,120
−2,344
1,567
−27,855
−2,084
32,188
28,345
Free Cash Flow
17,282
−14,016
17,314
−60,105
−3,986
18,393
−1,146
2,805
−22,057
−7,153
28,979
31,911
CFO/OP
57
−56
66
−304
11
49
12
20
−28
3
54
44

Ratios

BANKBARODA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
10%
−12%
4%
−4%
2%
1%
2%
9%
15%
17%
16%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bank of Baroda insights

84 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 63.97%
  • DIIs 17.92%
  • FIIs 10.30%
  • Public 6.46%
  • Others 1.36%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Bank of Baroda

What does Bank of Baroda do?
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
Where is Bank of Baroda (BANKBARODA) listed?
Bank of Baroda trades as BANKBARODA on the NSE and under code 532134 on the BSE.
Which sector does Bank of Baroda belong to?
Bank of Baroda is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of Bank of Baroda?
Bank of Baroda trades at a PE ratio of 6.98 as of 4 Nov 2026, on earnings per share of ₹35.13, against a book value of ₹337.98 per share.
What is the 52-week high and low of Bank of Baroda?
Over the last 52 weeks Bank of Baroda has traded between ₹223.82 and ₹325.5 as of 4 Nov 2026.
Does Bank of Baroda pay dividends?
Bank of Baroda has a dividend yield of 3.49%.
What is the Return on Equity (ROE) of Bank of Baroda?
Bank of Baroda reported a return on equity of 12.70%.

Company Information

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Website bankofbaroda.bank.in
CEO Dr. Debadatta Chand
Employees 75,008
Listed 19 Feb 1997
Face Value ₹2

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