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Bank of India

BANKINDIA NSE
₹133.90 No trade today
P/E
4.87
View as Markdown
MCP
Close 4 Nov 2026 ₹133.90 −6.27 −4.47% 1Y
Start ₹140.17

Key Fundamentals

MidcapBanksFinancial Services

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

EPS (TTM)
₹27.48
Book Value
₹188.94
Market Cap
—
P/E (TTM)
4.87
P/B
0.71
ROE
12.40%
Dividend Yield
3.49%
52W High
₹178.36
52W Low
₹123.64
Volume
0
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 India 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
₹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
Bank of India (this company)
₹133.904.87₹61,047 Cr0.713.49%12.40%—₹80,092 Cr₹12,517 Cr
Median 8 companies₹158.896.68₹1,20,115 Cr0.982.73%15.40%—₹1,20,098 Cr₹19,354 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

48 Average

Data confidence 100/100

Category scores

Quality
23
Poor
Returns, margins, earnings quality 22% weight
Valuation
79
Strong
Cheap vs sector & own history 24% weight
Growth
65
Good
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
52
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

4
  • Stock is trading at 0.63 times its book value
  • Stock is providing a good dividend yield of 3.55%.
  • Company has delivered good profit growth of 39.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.8%

Weaknesses

4
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.7% over last 3 years.
  • Contingent liabilities of Rs.6,93,361 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral676
OscillatorsBullish072
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.42
Neutral
MACD (12,26,9)
−0.72
Bullish
SMA (50)
136.82
Bearish
SMA (200)
145.90
Bearish

As of

Analyst Rating

Based on 4 analysts
BUY50%

2 of 4 analysts rate Buy, 1 Hold, 1 Sell.

As of

BUY
2
50%
HOLD
1
25%
SELL
1
25%

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 Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+6.03%
5Y+13.10%
3Y+16.41%
1Y+6.04%
TTM+8.55%

Net profit

Net profit growth by window
10YTurned to profit
5Y+37.72%
3Y+39.00%
1Y+7.93%
TTM+29.75%

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₹39,585 Cr
Mar 2018₹38,313 Cr
Mar 2019₹41,005 Cr
Mar 2020₹42,591 Cr
Mar 2021₹40,854 Cr
Mar 2022₹38,281 Cr
Mar 2023₹47,932 Cr
Mar 2024₹61,073 Cr
Mar 2025₹71,308 Cr
Mar 2026₹75,613 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1,492 Cr
Mar 2018−₹5,982 Cr
Mar 2019−₹5,426 Cr
Mar 2020−₹3,051 Cr
Mar 2021₹2,081 Cr
Mar 2022₹3,487 Cr
Mar 2023₹3,839 Cr
Mar 2024₹6,567 Cr
Mar 2025₹9,552 Cr
Mar 2026₹10,309 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹24.27 +7.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

Bank of India trades at a price of ₹133.9 as of 2026-11-04, with a P/E of 4.87 and P/B of 0.71, placing it well below book value. The bank has delivered 39% compounded profit CAGR over five years, but carries contingent liabilities of ₹6,93,361 Cr and a 3-year average ROE of roughly 12%, which is modest for the banking sector.

Bull Case 7
  • Stock trades at 0.71x book value as of 2026-11-04, indicating a deep discount to net asset value and potentially pricing in excessive pessimism
  • P/E of 4.87 on TTM EPS of ₹27.48 is significantly below the broader banking sector average, suggesting an undemanding valuation
  • Compounded profit growth of 39% CAGR over the last 5 years reflects a sustained earnings recovery trajectory
  • TTM profit growth of 25% indicates the earnings momentum has continued into the trailing twelve months
  • Compounded sales growth of 13% over 5 years shows steady top-line expansion, with 3-year sales CAGR at 16%
  • ROE has improved from a 10-year average of 3% to 12% in the last year, signalling a meaningful turnaround in return generation
  • Stock price CAGR of 16% over 5 years demonstrates that the market has recognised improving fundamentals over the medium term
Bear Case 8
  • Contingent liabilities stand at ₹6,93,361 Cr, which is more than 11x the current market capitalisation of ₹61,047 Cr, posing a material tail risk
  • Low interest coverage ratio suggests the bank's core earnings provide a thin buffer against debt servicing costs, raising vulnerability in a stress scenario
  • 3-year average ROE of approximately 12% remains modest for a bank and the 10-year average ROE of just 3% highlights a prolonged period of poor capital efficiency
  • ROCE of 5.42% as of 2026-11-04 is low and indicates limited efficiency in deploying total capital employed
  • The stock is down roughly 25% from its 52-week high of ₹178.36, with a 1-year stock CAGR of -2%, reflecting recent negative market sentiment
  • Potential capitalisation of interest costs could overstate reported profitability and asset quality, making headline earnings less reliable
  • 10-year compounded sales growth of only 6% suggests the bank's top-line expansion has been structurally slow over longer horizons
  • 10-year stock CAGR of just 1% indicates that long-term shareholders have seen negligible capital appreciation despite the recent profit recovery

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

AI News Digest

9h ago

TL;DR: Bank of India delivered a strong Q2FY27 with 25% profit growth, robust 20%+ advance growth, and meaningful asset quality improvement with gross NPAs at 1.60%. Key risks include a sharp CASA ratio decline to 34.16%, a 49% jump in provisions, and upcoming ECL front-loading that may weigh on capital. The overall trend is positive with improving NIMs guided at 2.55% for H2FY27, though funding cost pressures from the deposit mix shift bear watching.

Headwinds 3
  • Provisions surge 49% YoY Oct 23

    Provisions rose 49.05% YoY to ₹1,887 crore in Q2FY27 versus ₹1,266 crore, with fresh slippages at ₹1,160 crore. ECL front-loading from Q3FY27 could pressure capital adequacy by ~0.5% annually over four years.

  • CASA ratio drops sharply Oct 23

    Low-cost CASA deposits fell to 34.16% of domestic deposits from 39.39% a year earlier, indicating rising funding costs as the bank relies more on costlier term deposits.

  • Future Enterprise fraud declared Oct 13

    Bank of India declared the Future Enterprise Ltd account as fraud with an outstanding exposure of ₹575.40 crore. Full provision has already been made against the entire amount.

Positives 5
  • Q2 profit jumps 25% YoY Oct 23

    Net profit rose 25.34% YoY to ₹3,202 crore in Q2FY27, with NII up 18.52% to ₹7,007 crore and operating profit surging 33.2% to ₹5,089 crore.

  • Asset quality improves markedly Oct 23

    Gross NPAs improved to 1.60% from 2.54% a year ago and net NPAs to 0.42% from 0.65%. Provision coverage ratio rose to 94.45% with slippage ratio at just 0.15%.

  • Advances grow 20.6% globally Oct 23

    Global advances increased 20.58% YoY to ₹8.55 trillion, with RAM portfolio up 18.68% accounting for 58.63% of total advances. FY27 guidance targets 15-16% advance growth.

Neutral 2
  • Star Akshay FD scheme launched Nov 02

    Bank of India launched a 500-day fixed deposit scheme offering up to 7.50% for super senior citizens and 6.85% for general customers, alongside revised FD rates effective November 2.

  • Flexi Cap Fund tops rankings Oct 06

    Bank of India Flexi Cap Fund delivered the highest YTD return of 8.39% in 2026 and leads across 3-year (18.68% annualised) and 5-year (15.98% annualised) periods among flexi-cap funds.

Quarterly Results

₹ Cr
BANKINDIA quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
15,062
15,319
16,250
17,046
17,466
18,317
18,479
18,467
18,521
19,052
19,573
20,097
21,370
Expenses
4,546
4,190
6,041
5,269
5,456
4,485
6,050
5,399
4,849
5,201
5,989
5,390
5,554
Financing Profit
1,260
1,337
−33
1,084
607
1,666
97
747
1,142
1,346
800
1,551
1,554
Fin. Margin %
8%
9%
0%
6%
3%
9%
1%
4%
6%
7%
4%
8%
7%
Other Income
1,717
1,202
1,830
1,338
2,532
1,780
3,455
1,692
2,218
2,327
3,280
2,615
2,767
Interest
9,256
9,792
10,242
10,693
11,403
12,166
12,333
12,321
12,530
12,504
12,785
13,156
14,263
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
2,977
2,539
1,797
2,422
3,138
3,447
3,551
2,439
3,361
3,674
4,079
4,167
4,321
Tax %
50%
25%
17%
28%
24%
26%
25%
28%
25%
25%
25%
25%
25%
Net Profit
1,489
1,895
1,499
1,734
2,399
2,559
2,648
1,831
2,526
2,814
3,050
3,304
3,222
EPS (₹)
3.65
4.24
3.46
4.15
5.32
5.79
5.72
4.02
5.66
6.18
6.78
7.25
7.27

Profit & Loss

₹ Cr
BANKINDIA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
43,685
42,093
39,585
38,313
41,005
42,591
40,854
38,281
47,932
61,073
71,308
75,613
80,092
Expenses
13,600
19,842
21,218
24,618
26,874
26,386
17,672
16,263
21,177
18,848
20,656
20,708
22,134
Financing Profit
−2,135
−7,994
−9,239
−13,984
−13,076
−10,987
−3,239
−2,065
−686
4,469
4,057
4,766
5,251
Fin. Margin %
−5%
−19%
−23%
−36%
−32%
−26%
−8%
−5%
−1%
7%
6%
6%
7%
Other Income
4,278
3,672
6,819
5,846
4,862
6,687
6,778
8,092
7,168
6,415
9,317
9,737
10,990
Interest
32,220
30,245
27,606
27,679
27,207
27,191
26,421
24,083
27,441
37,757
46,594
50,139
52,707
Depreciation
291
290
−7
522
373
392
380
372
427
509
604
731
0
PBT
1,852
−4,612
−2,412
−8,660
−8,587
−4,692
3,160
5,655
6,056
10,375
12,771
13,773
16,241
Tax %
6%
37%
−34%
−30%
−37%
−35%
34%
38%
37%
37%
25%
25%
—
Net Profit
2,015
−6,276
−1,492
−5,982
−5,426
−3,051
2,081
3,487
3,839
6,567
9,552
10,309
12,517
EPS (₹)
30.27
−75.98
−13.94
−34.2
−19.67
−9.31
6.36
8.51
9.35
14.42
20.97
22.64
27.48
Div. Payout %
17%
0%
0%
0%
0%
0%
0%
24%
21%
19%
19%
21%
—

Balance Sheet

₹ Cr
BANKINDIA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
666
817
1,055
1,744
2,760
3,278
3,278
4,104
4,104
4,553
4,553
4,553
4,553
Reserves
31,857
32,528
32,574
35,013
44,892
41,795
46,703
52,418
56,329
66,028
76,172
85,405
89,489
Borrowing
37,649
51,103
39,491
43,598
44,265
39,752
32,464
26,821
65,015
80,960
1,23,869
1,18,626
1,21,966
Deposits
5,36,932
5,15,722
5,42,352
5,22,997
5,22,555
5,57,386
6,29,098
6,29,981
6,72,194
7,40,611
8,19,806
9,30,973
10,40,729
Other Liabilities
18,046
16,457
16,553
11,833
16,409
20,805
21,244
29,807
28,393
32,127
32,024
39,980
34,870
Total Liabilities
6,25,150
6,16,628
6,32,026
6,15,184
6,30,881
6,63,017
7,32,786
7,43,131
8,26,036
9,24,280
10,56,425
11,79,538
12,91,608
Fixed Assets
5,802
8,382
8,349
8,192
8,799
8,765
8,637
9,570
9,950
10,178
11,865
11,670
11,865
CWIP
113
191
197
158
200
293
364
286
110
150
182
207
0
Investments
1,23,196
1,22,621
1,30,751
1,40,321
1,50,905
1,62,323
1,91,693
1,80,274
2,11,324
2,34,592
2,68,002
2,79,084
2,99,478
Other Assets
4,96,040
4,85,435
4,92,729
4,66,513
4,70,977
4,91,636
5,32,092
5,53,001
6,04,652
6,79,361
7,76,376
8,88,577
9,80,265
Total Assets
6,25,150
6,16,628
6,32,026
6,15,184
6,30,881
6,63,017
7,32,786
7,43,131
8,26,036
9,24,280
10,56,425
11,79,538
12,91,608

Cash Flow

₹ Cr
BANKINDIA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
14,638
18,311
−6,624
−7,366
−9,218
−4,827
37,868
−35,487
−7,045
−4,437
18,534
4,753
Investing
−755
−609
−371
−260
71
−232
−182
−644
−521
−991
−854
−329
Financing
1,295
4,864
3,955
7,185
7,983
−3,192
2,398
1,146
541
3,868
34
−5,672
Net Cash Flow
15,179
22,566
−3,040
−440
−1,164
−8,251
40,085
−34,985
−7,026
−1,560
17,714
−1,248
Free Cash Flow
14,066
17,814
−6,910
−7,620
−9,090
−5,184
37,538
−36,035
−7,569
−5,264
17,861
3,907

Ratios

BANKINDIA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
6%
−19%
−4%
−17%
−14%
−7%
4%
6%
6%
10%
12%
12%

Insights

Beta

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

Log in to view Bank of India insights

87 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.38%
  • DIIs 13.39%
  • FIIs 7.58%
  • Public 4.69%
  • Others 0.95%

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 India

What does Bank of India do?
Bank of India is an India-based bank. The Bank's segments include Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment includes the entire investment portfolio, which is dealing in government and other securities, money market operations and foreign exchange…
Where is Bank of India (BANKINDIA) listed?
Bank of India trades as BANKINDIA on the NSE and under code 532149 on the BSE.
Which sector does Bank of India belong to?
Bank of India is classified under the Banks sector, in the Public Sector Bank industry.
What is the PE ratio of Bank of India?
Bank of India trades at a PE ratio of 4.87 as of 4 Nov 2026, on earnings per share of ₹27.48, against a book value of ₹188.94 per share.
What is the 52-week high and low of Bank of India?
Over the last 52 weeks Bank of India has traded between ₹123.64 and ₹178.36 as of 4 Nov 2026.
Does Bank of India pay dividends?
Bank of India has a dividend yield of 3.49%.
What is the Return on Equity (ROE) of Bank of India?
Bank of India reported a return on equity of 12.40%.

Company Information

Bank of India is an India-based bank. The Bank's segments include Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment includes the entire investment portfolio, which is dealing in government and other securities, money market operations and foreign exchange operations.

Website bankofindia.co.in
CEO Mr. Rajneesh Karnatak
Employees 50,564
Listed 30 Apr 1997
Face Value ₹10

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