Bank of Baroda Share Price Target 2024-2030 Fundamentals & Quarterly Results

Bank of Baroda Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – One of the major unswerving financial service providers for retail, agriculture, private and commercial banking services is the Bank of Baroda (BOB), which sort of related financial solutions also include loans, deposit services as well as offers payment cards as part of its banking services. The bank also gives loans for homes, vehicles, education, agriculture, personal and corporate needs, mortgage, securities, and rent receivables amongst others.Bank of Baroda Share Price Target

Latest Update – In the first quarter ending on June 30, 2024, the net profit of State Bank of Baroda (BoB) has increased from ₹4,058.2 crore last year to ₹4,458.2 crore reflecting a year-on-year (YoY) growth of 9.5% for Wednesday (July 31).

Bank Of Baroda Business Profile

Bank of Baroda offers a range of services that include personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and also treasury services.

Company NameBank of Baroda
Listed atNSE & BSE
Head OfficeBaroda House, P.B. No. 506,, Mandvi, Vadodra Gujarat 390001
Board Of Directors
  • Mr.Ajay K Khurana Executive Director
  • Mr.Lalit Tyagi Executive Director
  • Mr.Lal Singh Executive Director
  • Mr.Sanjay Vinayak Mudaliar Executive Director
  • Mr.Mukesh Kumar Bansal Government Nominee Director
  • Mr.Debadatta Chand Managing Director & CEO
  • Mrs.Parvathy V Sundaram Nominee Director
  • Mr.Ajay Singhal Non Executive Director
  • Mr.Alok Vajpeyi Shareholder Director
  • Mrs.Nina Nagpal Shareholder Director
Official Websitebankofbaroda.co.in

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Bank Of Baroda Business Profile

BOB, Established in 1908 and ranks as the third largest PSU bank in India, is a public sector bank with a 63.97% shareholding by the Government of India (GOI). In FY19, the bank’s merger with Vijaya Bank and Dena Bank made it the third-largest PSU bank in India.

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Branch Network

The bank operates 8168 branches across India, as well as 94 branches outside India, and with eighty one hundred and twenty one hundred ATMs in India. Most of them were located in villages, representing 24235% of its total number of branches within the country that year. Also, there were 11,475 ATMs located across India with a concentration near its branch offices or within easy reach from these places. Besides, there are currency chests in operation across India, numbering 150 in total. The figure has grown from ~5,500 in FY22 to ~8262 due to merger with Vijaya as well as Dena Bank guilty of under capitalization and NPAs respectively.

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Retail Book

The retail book consists of home loans (56%), followed by auto loans (18%), others (21%), and education loans (5%).

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International Business

As of the Q2FY23, the total loan book was 1,56,759 Crs. Therefore, the international loan book makes up 18% of this credit facility. The bank’s overseas branches or offices are located in 94 different parts of the world among them including seventeen countries such as UK New Zealand Kenya Uganda Guyana Tanzania and Guyana Botswana Malaysia as well as others. In Malaysia, India International Bank is one joint venture and Indo Zambia Bank is one associate bank of the Bank. It had a total of 30 branches.

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Subsidiaries

BOB Financial Solutions Ltd  – Credit card issuance is its core business; it is completely owned by the company and it was the first company in India that was not a bank to issue them. It also provides merchant-acquiring operations support for the bank.

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BOB Capital Market Ltd – It provides a broad range of financial services that include Initial Public Offerings (IPOs), Syndicated Debts/Debentures, NPA Resolutions, Business Valuations, Reorganization or Merger Services and Stock Broking. Investment Banking – Equity or Investment Banking – Debt or Institutional Broking, Retail Broking and Wealth Management are five lines of businesses viz.

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The Nainital Bank Ltd– In 1973 this bank became a subsidiary of some other company; now its operations take place only in five states such as Uttarakhand, Uttar Pradesh, Delhi along with NCR (National Capital Region), Haryana as well as one more state known by its name Rajasthan, where there are about thousand forty-one of them so far – up to 31st December 2019 by which time they were closed or liquidated due to non-compliance among other things like bankruptcy proceedings etc.

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Baroda Asset Management India Ltd – Baroda Mutual Fund (Baroda MF) is managed by it in a way that investments are deducted from it, and kept into safe and profitable places.The assets under management (AUM) of Baroda MF for FY 2020 stood at ₹11,204 crores on average.

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IndiaFirst Life Insurance Company Ltd– One of the most recent national life insurance companies is this, with a paid-up share capital of 635 crores. PricewaterhouseCoopers Limited ranks this company 12th based on Individual New Business APE among the private entities whose AUM is 14,723 crores.

India Infradebt Ltd – Infradebt is India’s first Infrastructure Debt Fund – Non Banking Financial Company operated by India Infra Ltd. – a business consortium made up of Citicorp Finance Ltd., LIC Life Corporation of India Ltd., and ICICI Bank Ltd., which aims to give out loans for renewable energy and other sectors with a similar risk-return profile.

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Bank of Baroda Fundamentals & Quarterly Results

Market Cap₹ 1,32,826 Cr.
Current Price₹ 257
High / Low₹ 300 / 186
Stock P/E7.08
Book Value₹ 231
Dividend Yield2.95 %
ROCE6.33 %
ROE16.7 %
Face Value₹ 2.00
Debt to Equity12.1
Debt Capacity-7.14
Debt (preceding year)₹ 13,42,592 Cr.
Debt₹ 14,53,761 Cr.
Reserves₹ 1,18,677 Cr.
EPS₹ 36.3
EPS (last year)₹ 36.3
Pledged Percentage0.00 %
FCF (Prev Ann)₹ -22,140 Cr.
EV/EBITDA15.3
Industry PE9.46
PEG Ratio0.09
Piotroski Score6.00
Earnings Yield6.44 %
Sales Growth (5 Years)17.5 %

Bank of Baroda Quarterly Results

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue19,09720,04822,42424,83427,19628,00329,26330,04231,072
Interest9,95610,49611,49513,16114,79016,06017,52818,00218,309
Expenses10,5058,21010,40811,01210,64211,04012,21610,55612,269
Financing Profit-1,3631,3435226601,764902-4801,484494
Financing Margin %-7%7%2%3%6%3%-2%5%2%
Other Income3,3731,5283,8965,5195,3325,3166,5035,0426,538
Depreciation000000000
Profit before tax2,0102,8714,4186,1797,0966,2176,0236,5267,033
Tax %6%26%26%33%28%31%28%27%29%
Net Profit2,0531,9423,3924,3565,3154,4684,4264,8155,160
EPS in Rs3.933.766.588.3310.168.618.509.269.92

CAGR Report

 

Metric10 Years5 Years3 YearsTTM / 1 YearLast Year
Compounded Sales Growth11%17%17%25%
Compounded Profit Growth14%77%144%26%
Stock Price CAGR5%15%45%25%
Return on Equity7%10%14%17%

Bank of Baroda Shareholding Pattern

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters59.24%64.03%63.26%71.60%63.97%63.97%63.97%63.97%
FIIs11.81%13.94%9.79%4.57%6.89%9.14%10.93%12.40%
DIIs20.59%14.03%18.19%13.95%15.90%15.08%16.74%16.04%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.26%
Public8.36%8.00%8.76%9.88%13.24%11.81%8.10%7.32%
No. of Shareholders3,06,6223,33,3583,80,1998,89,28811,67,22012,64,07912,78,02013,29,618

Bank of Baroda Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹263.9₹304.9₹329.5
2025₹336₹316₹377
2026₹385₹363₹434
2027₹443₹417₹498
2028₹508₹477₹570
2029₹581₹547₹654
2030₹667₹627₹748

Bank of Baroda Share Price Target 2025

MonthTarget
January₹336
February₹343
March₹350
April₹338
May₹327
June₹316
July₹329
August₹342
September₹356
October₹363
November₹370
December₹377

Bank of Baroda Share Price Target 2026

MonthTarget
January₹385
February₹393
March₹401
April₹388
May₹375
June₹363
July₹378
August₹393
September₹409
October₹417
November₹425
December₹434

Bank of Baroda Share Price Target 2027

MonthTarget
January₹443
February₹452
March₹461
April₹446
May₹431
June₹417
July₹434
August₹451
September₹469
October₹478
November₹488
December₹498

Bank of Baroda Share Price Target 2028

MonthTarget
January₹508
February₹518
March₹528
April₹510
May₹493
June₹477
July₹496
August₹516
September₹537
October₹548
November₹559
December₹570

Bank of Baroda Share Price Target 2029

MonthTarget
January₹581
February₹593
March₹605
April₹585
May₹566
June₹547
July₹569
August₹592
September₹616
October₹628
November₹641
December₹654

Bank of Baroda Share Price Target 2030

MonthTarget
January₹667
February₹680
March₹694
April₹671
May₹649
June₹627
July₹652
August₹678
September₹705
October₹719
November₹733
December₹748

Official Website – bankofbaroda.co.in

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