Bank of Baroda

Bank of Baroda

₹ 259 -0.37%
24 Apr 11:28 a.m.
About

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.(Source : Company Web-site)

Key Points

Third Largest PSU Bank [1] Established in 1908, BOB is a public sector bank with a 63.97% stake by the GOI. In FY19, the bank was amalgamated with Vijaya Bank, and Dena Bank and became India's third-largest PSU Bank.

  • Market Cap 1,34,042 Cr.
  • Current Price 259
  • High / Low 286 / 173
  • Stock P/E 7.55
  • Book Value 190
  • Dividend Yield 2.13 %
  • ROCE 5.15 %
  • ROE 15.3 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 50.2% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.91% over last 3 years.
  • Contingent liabilities of Rs.6,45,466 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 17,497 16,685 17,053 16,692 17,963 18,174 18,937 21,254 23,540 25,857 26,556 27,862 28,605
Interest 10,020 9,578 9,161 9,126 9,411 9,562 10,099 11,080 12,722 14,332 15,559 17,031 17,504
8,754 9,244 9,159 8,229 8,095 9,235 7,178 7,597 8,542 8,339 8,441 9,143 7,563
Financing Profit -1,277 -2,138 -1,268 -663 457 -624 1,661 2,578 2,276 3,186 2,555 1,688 3,538
Financing Margin % -7% -13% -7% -4% 3% -3% 9% 12% 10% 12% 10% 6% 12%
2,911 4,817 2,863 3,579 2,519 2,522 1,182 1,826 3,552 3,466 3,322 4,171 2,810
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,634 2,680 1,595 2,916 2,976 1,899 2,843 4,403 5,828 6,652 5,878 5,859 6,349
Tax % 35% 139% 24% 28% 26% 6% 24% 25% 34% 28% 31% 27% 28%
1,061 -1,046 1,209 2,088 2,197 1,779 2,168 3,313 3,853 4,775 4,070 4,253 4,579
EPS in Rs 2.30 -2.02 2.34 4.04 4.25 3.44 4.19 6.41 7.45 9.23 7.87 8.22 8.86
Gross NPA % 8.48% 8.87% 8.86% 8.11% 7.25% 6.61% 6.26% 5.31% 4.53% 3.79% 3.51% 3.32% 3.08%
Net NPA % 2.39% 3.09% 3.03% 2.83% 2.25% 1.72% 1.58% 1.16% 0.99% 0.89% 0.78% 0.76% 0.70%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 29,674 35,197 38,940 42,964 44,061 42,200 43,649 49,771 75,984 70,495 69,881 89,589 108,879
Interest 19,357 23,881 26,974 29,776 31,321 28,687 28,127 31,290 48,532 41,686 37,259 48,233 64,426
7,387 9,814 10,586 11,828 23,935 17,287 23,989 23,166 37,911 34,872 33,329 29,700 33,486
Financing Profit 2,930 1,501 1,380 1,359 -11,196 -3,774 -8,467 -4,686 -10,460 -6,063 -708 11,656 10,968
Financing Margin % 10% 4% 4% 3% -25% -9% -19% -9% -14% -9% -1% 13% 10%
3,373 3,631 4,463 4,402 4,999 6,758 6,657 6,294 10,317 12,934 11,484 10,026 13,770
Depreciation 277 301 345 340 501 511 863 910 1,660 1,315 1,390 1,955 0
Profit before tax 6,026 4,831 5,497 5,421 -6,698 2,473 -2,673 698 -1,802 5,556 9,386 19,727 24,738
Tax % 17% 7% 17% 37% 19% 44% 9% 38% 130% 85% 23% 28%
5,007 4,481 4,541 3,398 -5,396 1,383 -2,432 434 546 829 7,272 14,110 17,678
EPS in Rs 24.36 21.27 21.15 15.37 -23.42 6.00 -9.19 1.64 1.18 1.60 14.06 27.28 34.18
Dividend Payout % 14% 20% 20% 21% 0% 20% 0% 0% 0% 0% 20% 20%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 6%
TTM: 33%
Compounded Profit Growth
10 Years: 12%
5 Years: 50%
3 Years: 196%
TTM: 59%
Stock Price CAGR
10 Years: 5%
5 Years: 16%
3 Years: 60%
1 Year: 41%
Return on Equity
10 Years: 4%
5 Years: 6%
3 Years: 9%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 412 423 431 444 462 462 530 530 925 1,036 1,036 1,036
Reserves 27,064 31,547 35,555 39,392 39,737 39,841 42,864 50,453 70,931 76,010 84,874 97,187
408,444 500,463 605,707 652,824 607,510 632,287 653,887 705,891 1,039,054 1,033,845 1,149,838 1,305,598
11,400 14,703 17,811 22,329 23,668 22,286 22,718 24,113 47,006 44,474 42,252 54,740
Total Liabilities 447,321 547,135 659,505 714,989 671,376 694,875 720,000 780,987 1,157,916 1,155,365 1,278,000 1,458,562
2,342 2,453 2,734 2,875 6,254 5,758 5,367 6,990 8,889 8,016 9,922 8,707
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 83,209 121,394 116,113 116,812 120,451 129,631 163,185 182,298 274,615 261,220 315,795 362,485
361,771 423,289 540,658 595,301 544,672 559,487 551,448 591,699 874,412 886,128 952,283 1,087,370
Total Assets 447,321 547,135 659,505 714,989 671,376 694,875 720,000 780,987 1,157,916 1,155,365 1,278,000 1,458,562

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14,406 22,793 41,016 18,021 -9,842 17,194 -61,088 -4,120 17,941 -4,609 7,529 -19,664
-337 -772 -689 -539 -3,995 -426 -563 -3,957 141 -269 -3,967 -1,563
165 -790 5,151 -6 -616 -198 4,079 4,409 14,590 3,390 -1,319 -5,725
Net Cash Flow 14,234 21,230 45,479 17,475 -14,453 16,570 -57,573 -3,668 32,672 -1,488 2,242 -26,952

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 21% 15% 13% 9% -13% 3% -6% 1% 1% 1% 9% 15%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97%
7.87% 7.82% 7.37% 9.14% 8.23% 8.93% 9.97% 10.93% 12.29% 12.39% 12.27% 12.40%
14.46% 14.70% 14.65% 15.08% 16.85% 18.64% 17.69% 16.74% 15.77% 15.74% 15.75% 16.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26%
13.70% 13.50% 14.00% 11.81% 10.95% 8.21% 8.12% 8.10% 7.70% 7.64% 7.76% 7.32%
No. of Shareholders 11,95,48912,41,14413,63,55912,64,07912,81,41512,19,43512,37,07912,78,02012,39,95812,70,48012,89,44313,29,618

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls