Bank of Baroda

Bank of Baroda

₹ 273 0.53%
04 Mar 4:01 p.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 1,41,333 Cr.
  • Current Price 273
  • High / Low 281 / 156
  • Stock P/E 7.39
  • Book Value 203
  • Dividend Yield 1.98 %
  • ROCE 5.17 %
  • ROE 15.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 57.6% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.07% over last 3 years.
  • Contingent liabilities of Rs.6,49,496 Cr.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -7.63%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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 18,643 17,408 18,026 17,541 18,722 19,097 20,048 22,424 24,834 27,196 28,003 29,263 30,042
Interest 10,407 9,942 9,554 9,505 9,800 9,956 10,496 11,495 13,161 14,790 16,060 17,528 18,002
9,618 10,893 10,084 9,398 8,981 10,505 8,210 10,408 11,012 10,642 11,040 12,216 10,556
Financing Profit -1,382 -3,427 -1,613 -1,363 -59 -1,363 1,343 522 660 1,764 902 -480 1,484
Financing Margin % -7% -20% -9% -8% -0% -7% 7% 2% 3% 6% 3% -2% 5%
3,173 6,320 3,223 4,458 3,351 3,373 1,528 3,896 5,519 5,332 5,316 6,503 5,042
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,791 2,893 1,611 3,095 3,292 2,010 2,871 4,418 6,179 7,096 6,217 6,023 6,526
Tax % 35% 129% 27% 29% 26% 6% 26% 26% 33% 28% 31% 28% 27%
1,215 -720 1,207 2,185 2,488 2,053 1,942 3,392 4,356 5,315 4,468 4,426 4,815
EPS in Rs 2.59 -1.43 2.29 4.19 4.76 3.93 3.76 6.58 8.33 10.16 8.61 8.50 9.26
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 30,488 36,442 40,463 44,915 45,799 44,473 46,056 52,906 78,895 74,314 73,385 94,139 114,503
Interest 19,724 24,486 27,604 30,547 32,107 29,596 29,160 32,506 50,040 43,201 38,815 49,942 66,381
8,215 10,950 12,049 13,466 25,391 19,250 26,093 25,815 40,583 38,636 37,518 38,239 44,453
Financing Profit 2,549 1,006 809 902 -11,700 -4,372 -9,197 -5,414 -11,728 -7,523 -2,948 5,957 3,670
Financing Margin % 8% 3% 2% 2% -26% -10% -20% -10% -15% -10% -4% 6% 3%
4,051 4,511 5,555 5,449 5,992 7,937 7,992 7,887 12,191 15,254 14,395 16,639 22,193
Depreciation 295 322 368 368 525 540 901 948 1,697 1,357 1,438 2,032 0
Profit before tax 6,304 5,195 5,996 5,983 -6,233 3,024 -2,106 1,525 -1,234 6,373 10,008 20,565 25,862
Tax % 17% 9% 18% 36% 19% 41% 9% 29% 176% 77% 23% 29%
5,269 4,829 5,036 3,950 -5,033 1,855 -1,836 1,166 981 1,620 7,933 15,005 19,024
EPS in Rs 25.53 22.81 23.29 17.69 -21.99 7.88 -7.13 4.16 2.01 2.99 15.18 28.82 36.53
Dividend Payout % 13% 19% 19% 18% 0% 15% 0% 0% 0% 0% 19% 19%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 6%
TTM: 33%
Compounded Profit Growth
10 Years: 12%
5 Years: 58%
3 Years: 153%
TTM: 62%
Stock Price CAGR
10 Years: 8%
5 Years: 19%
3 Years: 50%
1 Year: 57%
Return on Equity
10 Years: 5%
5 Years: 7%
3 Years: 9%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 28,104 32,859 37,416 41,574 42,041 42,605 46,036 54,466 75,179 81,354 90,833 104,019
416,214 509,192 616,973 665,483 620,536 648,499 672,311 734,456 1,068,981 1,067,173 1,185,331 1,342,592
12,670 16,914 21,284 26,465 28,134 27,649 28,919 30,217 54,850 53,104 62,922 78,224
Total Liabilities 457,400 559,387 676,104 733,966 691,173 719,216 747,796 819,670 1,199,935 1,202,667 1,340,121 1,525,871
2,428 2,550 2,849 2,978 6,359 5,930 5,532 7,368 9,268 8,438 11,098 9,865
CWIP 0 0 0 0 0 0 0 0 0 2 1 3
Investments 86,697 125,617 122,113 124,739 128,894 140,716 175,137 195,716 289,727 281,859 347,587 397,487
368,275 431,220 551,142 606,248 555,920 572,570 567,126 616,586 900,941 912,367 981,435 1,118,516
Total Assets 457,400 559,387 676,104 733,966 691,173 719,216 747,796 819,670 1,199,935 1,202,667 1,340,121 1,525,871

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14,637 23,196 42,233 17,838 -10,011 17,865 -59,692 -1,449 18,531 -887 6,210 -21,271
-416 -514 -730 -556 -4,005 -551 -414 -2,537 -139 -471 -3,645 -1,096
165 -790 5,151 -6 -616 -198 3,413 4,449 14,729 -986 -998 -5,488
Net Cash Flow 14,387 21,892 46,654 17,276 -14,632 17,116 -56,692 462 33,120 -2,344 1,567 -27,855

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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% 16% 14% 10% -12% 4% -4% 2% 1% 2% 9% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97% 63.97%
6.89% 7.87% 7.82% 7.37% 9.14% 8.23% 8.93% 9.97% 10.93% 12.29% 12.39% 12.27%
15.90% 14.46% 14.70% 14.65% 15.08% 16.85% 18.64% 17.69% 16.74% 15.77% 15.74% 15.75%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26%
13.24% 13.70% 13.50% 14.00% 11.81% 10.95% 8.21% 8.12% 8.10% 7.70% 7.64% 7.76%
No. of Shareholders 11,67,22011,95,48912,41,14413,63,55912,64,07912,81,41512,19,43512,37,07912,78,02012,39,95812,70,48012,89,443

* 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

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