Financials Bank of Baroda

Equities

BANKBARODA

INE028A01039

Banks

Delayed NSE India S.E. 12:23:10 26/06/2024 pm IST 5-day change 1st Jan Change
283 INR +0.82% Intraday chart for Bank of Baroda -1.53% +22.41%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,47,431 3,83,198 5,90,583 8,73,185 13,65,498 14,51,343 - -
Enterprise Value (EV) 1 2,47,431 3,83,198 5,90,583 8,73,185 13,65,498 14,51,343 14,51,343 14,51,343
P/E ratio 52.5 x 41.6 x 7.94 x 6.19 x 7.68 x 7.69 x 7.11 x 6.68 x
Yield - - 2.55% 3.26% - 2.61% 2.81% 3.13%
Capitalization / Revenue 0.66 x 0.93 x 1.34 x 1.7 x 2.31 x 2.28 x 2.05 x 1.89 x
EV / Revenue 0.66 x 0.93 x 1.34 x 1.7 x 2.31 x 2.28 x 2.05 x 1.89 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.4 x 0.5 x 0.67 x 0.89 x - 1.17 x 1.04 x 0.92 x
Nbr of stocks (in thousands) 46,20,567 51,71,362 52,91,959 51,71,362 51,71,362 51,71,362 - -
Reference price 2 53.55 74.10 111.6 168.8 264.0 280.6 280.6 280.6
Announcement Date 23/06/20 29/05/21 13/05/22 16/05/23 10/05/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 3,77,686 4,11,735 4,41,053 5,13,818 5,92,169 6,37,345 7,06,411 7,69,489
EBITDA - - - - - - - -
EBIT 1 1,96,914 2,06,298 2,23,888 2,68,635 3,09,652 3,36,483 3,79,579 4,20,843
Operating Margin 52.14% 50.1% 50.76% 52.28% 52.29% 52.79% 53.73% 54.69%
Earnings before Tax (EBT) 1 -18,021 55,560 93,864 1,97,266 2,48,896 2,54,424 2,73,922 2,95,591
Net income 1 5,462 8,290 72,723 1,41,096 1,77,888 1,88,883 2,03,523 2,22,710
Net margin 1.45% 2.01% 16.49% 27.46% 30.04% 29.64% 28.81% 28.94%
EPS 2 1.020 1.780 14.06 27.28 34.40 36.52 39.48 42.02
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 2.850 5.500 - 7.326 7.894 8.797
Announcement Date 23/06/20 29/05/21 13/05/22 16/05/23 10/05/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 1,10,713 1,11,340 1,00,204 1,20,003 1,43,703 1,49,909 1,43,189 1,50,018 1,39,118 1,59,843 1,46,171 1,51,403 1,54,938 1,60,235
EBITDA - - - - - - - - - - - - - -
EBIT 54,833 56,351 45,275 60,310 82,322 80,729 78,243 80,197 70,151 81,061 - - - -
Operating Margin 49.53% 50.61% 45.18% 50.26% 57.29% 53.85% 54.64% 53.46% 50.43% 50.71% - - - -
Earnings before Tax (EBT) 29,763 18,988 28,427 44,035 58,283 66,522 58,775 58,592 63,488 68,042 - - - -
Net income 21,970 17,788 21,681 33,134 38,527 47,753 40,701 42,529 45,793 48,865 - - - -
Net margin 19.84% 15.98% 21.64% 27.61% 26.81% 31.85% 28.42% 28.35% 32.92% 30.57% - - - -
EPS 4.250 3.440 4.190 6.410 7.450 9.230 7.870 8.220 8.860 9.450 - - - -
Dividend per Share 2 - 2.850 - - - - - - - - - - - 6.545
Announcement Date 05/02/22 13/05/22 30/07/22 05/11/22 03/02/23 16/05/23 05/08/23 04/11/23 31/01/24 10/05/24 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 0.89% 1.11% 8.93% 15.3% - 15.7% 15% 14.1%
ROA (Net income/ Total Assets) 0.06% 0.07% 0.6% 1.03% - 1.12% 1.08% 1.06%
Assets 1 91,03,000 1,18,42,143 1,21,20,467 1,36,98,660 - 1,68,48,119 1,88,13,561 2,10,21,685
Book Value Per Share 2 134.0 149.0 166.0 190.0 - 239.0 271.0 305.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 23/06/20 29/05/21 13/05/22 16/05/23 10/05/24 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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