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Bank Of Baroda Stock Analysis

Large Cap
Evaluated by 8241 users | BSE: 532134 | NSE: BANKBARODA |
Bank - Public

Bank of Baroda (BoB) was founded by Maharaja Sayajirao Gaekwad in July 1908. The bank is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Its headquarters is in...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bank Of Baroda has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Net Interest Income (Rs. Cr.)8,80210,31711,31511,96513,18712,74013,51315,52218,48027,451
Y-o-Y Gr. Rt.33-17.2%9.7%5.8%10.2%-3.4%6.1%14.9%19.1%48.5%
Total Income24,69533,09638,82743,40247,36649,06048,95850,30656,06586,301
Y-o-Y Gr. Rt.-34%17.3%11.8%9.1%3.6%-0.2%2.8%11.5%53.9%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
21.6724.3621.2721.1515.37-23.426-9.191.641.18
Y-o-Y Gr. Rt.-12.4%-12.7%-0.6%-27.3%-252.4%NA-253.2%NA-28.1%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
101.14127.95146.53162.69175.66156.55174.91164.03173.65155.51
Y-o-Y Gr. Rt.-26.5%14.5%11%8%-10.9%11.7%-6.2%5.9%-10.5%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1 : Not Good
Net Profit/Total Funds (%)1.331.240.90.750.49-0.780.2-0.340.060.06
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%): Colour Rating Guide
  • < 0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1: Not Good
Net NPA to Net Advances (%)0.350.541.281.521.895.064.725.493.333.13
To view Capital Adequacy Ratio Colour Rating Guide click here
Capital Adequacy Ratio: Colour Rating Guide
  • > 12% : Very Good
  • 9%-12% : Somewhat Good
  • <9%: Not Good
Capital Adequacy Ratio - - - - - - - - - 0%
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bank Of Baroda should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income13.5%15.8%26.7%48.5%
Total Income14.9%12.8%20.8%53.9%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-27.6%-40.2%-41.9%-28.1%
Book Value per Share
4.9%-2.4%-3.8%-10.5%
Share Price -10.9% -22.2% -33.7% -50%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Interest Earned / Total Income88.6289.6690.6589.7290.7189.8186.286.7788.7788.04
Margins
To view Margins Colour Rating Guide click here
Margins: Colour Rating Guide
  • >2.75 : Very Good
  • 1.75-2.75 : Somewhat Good
  • <1.75 : Not Good
NIM (%)2.512.372.121.861.922.042.272.52.53
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15% : Very Good
  • 12%-15% : Somewhat Good
  • <12% : Not Good
Return on Equity (%)24.321.7215.6813.89.21-14.43.62-5.810.970.93
Liquidity Ratio
To view Liquidity Ratio Colour Rating Guide click here
Liquidity Ratio: Colour Rating Guide
  • >35 : Very Good
  • 25-35 : Somewhat Good
  • <25 : Not Good
CASA (%) 28.6826.925.3225.7526.3926.3632.1635.8135.0435.29
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 71.60%
Institutions 15.30%
Non-Institutions 13.10%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Bank Of Baroda and arrived at the following conclusion:

Past 10 year's financial track record indicates that Bank Of Baroda is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Bank Of Baroda's performance infers:

Bank Of Baroda earnings have declined by -40.2%, whereas share price has depreciated -22.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bank Of Baroda share prices over the last 10 years. Here is what we found out:

Bank Of Baroda share price has depreciated -11.7% annually over the past ten years.

Bank of Baroda (BoB) was founded by Maharaja Sayajirao Gaekwad in July 1908. The bank is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Its headquarters is in Vadodara and it has a corporate office in the Mumbai. Vijaya Bank and Dena Bank amalgamated into Bank of Baroda with effect from April 1, 2019. The amalgamation provides significant long-term benefits to

Bank of Baroda (BoB) was founded by Maharaja Sayajirao Gaekwad in July 1908. The bank is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Its headquarters is in Vadodara and it has a corporate office in the Mumbai. Vijaya Bank and Dena Bank amalgamated into Bank of Baroda with effect from April 1, 2019. The amalgamation provides significant long-term benefits to the Bank and its customers.

The bank has been investing in technology to improve customer experience. Initiatives such as digitising account opening through TAB Banking, revamping its mobile application, centralisation of back office operations, setting up an Analytics Centre of Excellence (ACoE) and Baroda Kisan platform for its farmers are efforts in that direction. It is expanding its digital focus even further with setting up of a dedicated Digital Lending Department which will exclusively cater to digital on-boarding and processing of loans for Retail and MSME customers using internal and external sources of information and state-of-the-art machine learning and algorithms.

The Bank is proactive in its approach towards empowering the unbanked segment by offering suitable financial products & services and making them financially literate. The Bank is consistently working towards strengthening the financial inclusion initiatives by leveraging the Government’s Digital programmes.

Business area of the bank

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.

Awards and Accolades

2013-14:

  • Best Public Sector Bank under the category ‘Global Business Development’ by Dun & Bradstreet - Polaris Financial Technology Banking Awards 2013.
  • Banking Technology Excellence Award 2013 among PSBs by IDRBT.
  • MSME Banking Excellence Award-2013 as the Best Bank in MSME by the Chamber of Indian Micro Small and Medium Enterprises.
  • ‘Excellence in Home Loan Banking’ Award by My FM Stars of the Industry.

2014-15:

  • Bank was awarded ‘Best PSU for MSME’ by India SME Forum at New Delhi.
  • The Bank of Baroda awarded Skoch Order of Merit in India’s Best 2014 Financial Inclusion & Deepening Awards 2014 by Skoch Consultancy Services.
  • Bank Ranked 21st amongst Best Indian Brands 2014 in Brand Equity - The Economic Times.

2015-16:

  • Bank of Baroda was conferred BML Munjal award in Public Sector Category for ‘Business Excellence Through Learning & Development – 2015’ at an award function held in New Delhi.
  • Bank was awarded HR Excellence Award by Businessworld for ‘Best initiative for Engaging Superannuated Employees’.
  • Bank was conferred the Best Public Sector Bank under the category ‘Global Business’ at the Dun & Bradstreet Banking Awards 2015.
  • Bank of Baroda was awarded as First Runner up for ‘Best Financial Inclusion Initiative’ in the category of Large Banks by IBA during Banking Technology Awards 2016 at Mumbai.

2016-17:

  • Bank was awarded 2nd prize by Maharashtra State Level Bankers Committee in the area of Official Language Implementation during 2015-16 under Rajbhasha Shield Yojana under Public sector Category held in Pune.
  • Bank ranked 21st amongst Best Indian Brands 2016 in Brand Equity - The Economic Times.

2017-18:

  • Bank was awarded ‘Makers of Excellence Award’ under APY by Pension Fund Regulatory and Development Authority (PFRDA), Government of India.
  • Finnoviti 2018 Award for Financial Inclusion by Banking Frontiers.
  • Winner Award in ‘Agricultural Banking’ in the Large Bank category by ASSOCHAM in Annual banking cum Social Banking Excellence Award of 2017.
  • Silver Award for Best Social Media Brands under Bank category for 2017 by Social Samosa an Indian knowledge repository website on Social Media.

2018-19:

  • ‘Best Banking & Finance Legal Team of the Year’ award at the 8th Annual Indian Legal Era Awards 2018-19.
  • Leadership Capital and Out Performers awards at Atal Pension Yojana Awards 2018-19.
  • ‘Best Home Loan Products 2018’ at FE Best Banks Award 2018.
  • ‘Best PSU Bank under MSME’ & Best Bank Agriculture’ finance at Divya Bhaskar Eminence Awards 2018.
  • Best Performing Bank at the UIDAI's Aaadhar Excellence Awards 2018.

2019-20:

  • Bank awarded ‘National award for SHG bank linkage 2018-19’ by DAY-NRLM, Government at New Delhi.
  • Award from ‘Governance Now’ in 4th India Banking Reforms Conclave and BFSI Awards 2019 at Mumbai.
  • Bank awarded ‘The Experience Advantage for Delivering Lasting Moments’ (customer interactions) in the PSU category by Kantar IMRB.
  • Bank bagged Silver at SAMMIE 2019 - Best Social Media Brand Award (BFSI - banking category).
  • Bank was awarded the ‘Global - Lowest Gross Fraud (Issuer)’ by Visa at the Global Service Quality Awards 2018.
  • Bank received the IPE award for ‘Best Practices in CSR Awards-2020’ For Livelihood Initiative.
  • The Bank was awarded the FINNOVITI 2020 Award for its sound based payment system - ‘TONETAG’.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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