Bank of Baroda

₹ 132 3.88%
30 Sep - close price
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

Ratios
Capital Adequacy Ratio - 12.93%[1]
Net Interest Margin - 2.87%[2]
Gross NPA - 8.48%
Net NPA - 2.39%[3]
CASA Ratio - 37.93%[4]

  • Market Cap 68,469 Cr.
  • Current Price 132
  • High / Low 143 / 77.0
  • Stock P/E 7.96
  • Book Value 178
  • Dividend Yield 2.15 %
  • ROCE 4.02 %
  • ROE 9.00 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.75 times its book value
  • Company has delivered good profit growth of 35.2% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 4.38% over last 3 years.
  • Contingent liabilities of Rs.470,705 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.12,775 Cr.
  • Promoter holding has decreased over last 3 years: -5.26%

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Revenue 19,723 20,077 19,991 19,104 19,524 18,739 18,643 17,408 18,026 17,541 18,722 19,097 19,984
Interest 12,796 12,611 12,315 12,319 12,055 10,797 10,407 9,942 9,554 9,505 9,800 9,956 10,496
8,084 9,394 12,798 12,005 10,674 8,331 9,618 10,893 10,084 9,398 8,981 10,505 8,210
Financing Profit -1,157 -1,928 -5,122 -5,219 -3,206 -388 -1,382 -3,427 -1,613 -1,363 -59 -1,363 1,279
Financing Margin % -6% -10% -26% -27% -16% -2% -7% -20% -9% -8% -0% -7% 6%
2,334 3,228 3,144 3,486 2,161 3,122 3,173 6,320 3,223 4,458 3,351 3,373 1,592
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,177 1,300 -1,978 -1,734 -1,045 2,734 1,791 2,893 1,611 3,095 3,292 2,010 2,871
Tax % 30% 34% 38% 128% 38% 34% 35% 129% 27% 29% 26% 6% 26%
Net Profit 846 870 -1,199 464 -660 1,786 1,215 -720 1,207 2,185 2,488 2,053 1,942
EPS in Rs 2.17 2.22 -2.64 0.99 -1.47 3.83 2.59 -1.43 2.29 4.19 4.76 3.93 3.76
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Revenue 22,513 30,488 36,442 40,463 44,915 45,799 44,473 46,056 52,906 78,895 74,314 73,385 75,344
Interest 13,350 19,724 24,486 27,604 30,547 32,107 29,596 29,160 32,506 50,040 43,201 38,815 39,757
6,295 8,216 10,950 12,049 13,466 25,391 19,250 26,093 25,815 40,583 38,636 37,518 37,093
Financing Profit 2,869 2,548 1,006 809 902 -11,700 -4,372 -9,197 -5,414 -11,728 -7,523 -2,948 -1,506
Financing Margin % 13% 8% 3% 2% 2% -26% -10% -20% -10% -15% -10% -4% -2%
3,287 4,051 4,511 5,555 5,449 5,992 7,937 7,992 7,887 12,191 15,254 14,395 12,775
Depreciation 260 295 322 368 368 525 540 901 948 1,697 1,357 1,438 0
Profit before tax 5,896 6,304 5,195 5,996 5,983 -6,233 3,024 -2,106 1,525 -1,234 6,373 10,008 11,269
Tax % 25% 17% 9% 18% 36% 19% 41% 9% 29% 176% 77% 23%
Net Profit 4,454 5,269 4,829 5,036 3,950 -5,033 1,855 -1,836 1,166 981 1,620 7,933 8,668
EPS in Rs 22.65 25.53 22.81 23.29 17.69 -21.99 7.88 -7.13 4.16 2.01 2.99 15.18 16.64
Dividend Payout % 15% 13% 19% 19% 18% 0% 15% 0% 0% 0% 0% 19%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 12%
TTM: 3%
Compounded Profit Growth
10 Years: 4%
5 Years: 35%
3 Years: 93%
TTM: 151%
Stock Price CAGR
10 Years: -2%
5 Years: -1%
3 Years: 13%
1 Year: 61%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 4%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
393 412 423 431 444 462 462 530 530 925 1,036 1,036
Reserves 21,434 28,104 32,859 37,416 41,574 42,041 42,605 46,036 49,424 75,179 81,354 90,833
333,982 416,214 509,192 616,973 665,483 620,536 648,499 672,311 734,456 1,068,981 1,067,173 1,185,331
10,399 12,670 16,914 21,284 26,465 28,134 27,649 28,919 35,259 54,850 53,104 62,922
Total Liabilities 366,208 457,400 559,387 676,104 733,966 691,173 719,216 747,796 819,670 1,199,935 1,202,667 1,340,121
2,383 2,428 2,550 2,849 2,978 6,359 5,930 5,532 7,368 9,268 8,438 11,098
CWIP 0 0 0 0 0 0 0 0 0 0 2 1
Investments 74,154 86,697 125,617 122,113 124,739 128,894 140,716 175,137 195,716 289,727 281,859 347,587
289,670 368,275 431,220 551,142 606,248 555,920 572,570 567,126 616,586 900,941 912,367 981,435
Total Assets 366,208 457,400 559,387 676,104 733,966 691,173 719,216 747,796 819,670 1,199,935 1,202,667 1,340,121

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12,034 14,637 23,196 42,233 17,838 -10,011 17,865 -59,692 -1,449 18,531 -887 6,532
-349 -416 -514 -730 -556 -4,005 -551 -414 -2,537 -139 -471 -3,645
3,169 165 -790 5,151 -6 -616 -198 3,413 4,449 14,729 -986 -1,319
Net Cash Flow 14,854 14,387 21,892 46,654 17,276 -14,632 17,116 -56,692 462 33,120 -2,344 1,567

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 24% 21% 16% 14% 10% -12% 4% -4% 2% 1% 2% 9%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
69.23 71.60 71.60 71.60 71.60 71.60 63.97 63.97 63.97 63.97 63.97 63.97
6.19 4.83 4.57 4.09 3.94 4.32 6.89 7.87 7.82 7.37 9.14 8.23
16.10 13.86 13.95 12.66 11.36 11.30 15.90 14.46 14.70 14.65 15.08 16.85
8.47 9.72 9.88 11.66 13.10 12.79 13.24 13.70 13.50 14.00 11.81 10.95

Documents