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.
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
Contents
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 Name | Bank of Baroda |
Listed at | NSE & BSE |
Head Office | Baroda House, P.B. No. 506,, Mandvi, Vadodra Gujarat 390001 |
Board Of Directors |
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Official Website | bankofbaroda.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/E | 7.08 |
Book Value | ₹ 231 |
Dividend Yield | 2.95 % |
ROCE | 6.33 % |
ROE | 16.7 % |
Face Value | ₹ 2.00 |
Debt to Equity | 12.1 |
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 Percentage | 0.00 % |
FCF (Prev Ann) | ₹ -22,140 Cr. |
EV/EBITDA | 15.3 |
Industry PE | 9.46 |
PEG Ratio | 0.09 |
Piotroski Score | 6.00 |
Earnings Yield | 6.44 % |
Sales Growth (5 Years) | 17.5 % |
Bank of Baroda Quarterly Results
Metric | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 19,097 | 20,048 | 22,424 | 24,834 | 27,196 | 28,003 | 29,263 | 30,042 | 31,072 |
Interest | 9,956 | 10,496 | 11,495 | 13,161 | 14,790 | 16,060 | 17,528 | 18,002 | 18,309 |
Expenses | 10,505 | 8,210 | 10,408 | 11,012 | 10,642 | 11,040 | 12,216 | 10,556 | 12,269 |
Financing Profit | -1,363 | 1,343 | 522 | 660 | 1,764 | 902 | -480 | 1,484 | 494 |
Financing Margin % | -7% | 7% | 2% | 3% | 6% | 3% | -2% | 5% | 2% |
Other Income | 3,373 | 1,528 | 3,896 | 5,519 | 5,332 | 5,316 | 6,503 | 5,042 | 6,538 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 2,010 | 2,871 | 4,418 | 6,179 | 7,096 | 6,217 | 6,023 | 6,526 | 7,033 |
Tax % | 6% | 26% | 26% | 33% | 28% | 31% | 28% | 27% | 29% |
Net Profit | 2,053 | 1,942 | 3,392 | 4,356 | 5,315 | 4,468 | 4,426 | 4,815 | 5,160 |
EPS in Rs | 3.93 | 3.76 | 6.58 | 8.33 | 10.16 | 8.61 | 8.50 | 9.26 | 9.92 |
CAGR Report
Metric | 10 Years | 5 Years | 3 Years | TTM / 1 Year | Last Year |
---|---|---|---|---|---|
Compounded Sales Growth | 11% | 17% | 17% | 25% | |
Compounded Profit Growth | 14% | 77% | 144% | 26% | |
Stock Price CAGR | 5% | 15% | 45% | 25% | |
Return on Equity | 7% | 10% | 14% | 17% |
Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|
Promoters | 59.24% | 64.03% | 63.26% | 71.60% | 63.97% | 63.97% | 63.97% | 63.97% |
FIIs | 11.81% | 13.94% | 9.79% | 4.57% | 6.89% | 9.14% | 10.93% | 12.40% |
DIIs | 20.59% | 14.03% | 18.19% | 13.95% | 15.90% | 15.08% | 16.74% | 16.04% |
Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.26% |
Public | 8.36% | 8.00% | 8.76% | 9.88% | 13.24% | 11.81% | 8.10% | 7.32% |
No. of Shareholders | 3,06,622 | 3,33,358 | 3,80,199 | 8,89,288 | 11,67,220 | 12,64,079 | 12,78,020 | 13,29,618 |
Year | Initial Target | Mid-Year Target | Year-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 |
Month | Target |
January | ₹336 |
February | ₹343 |
March | ₹350 |
April | ₹338 |
May | ₹327 |
June | ₹316 |
July | ₹329 |
August | ₹342 |
September | ₹356 |
October | ₹363 |
November | ₹370 |
December | ₹377 |
Month | Target |
January | ₹385 |
February | ₹393 |
March | ₹401 |
April | ₹388 |
May | ₹375 |
June | ₹363 |
July | ₹378 |
August | ₹393 |
September | ₹409 |
October | ₹417 |
November | ₹425 |
December | ₹434 |
Month | Target |
January | ₹443 |
February | ₹452 |
March | ₹461 |
April | ₹446 |
May | ₹431 |
June | ₹417 |
July | ₹434 |
August | ₹451 |
September | ₹469 |
October | ₹478 |
November | ₹488 |
December | ₹498 |
Month | Target |
January | ₹508 |
February | ₹518 |
March | ₹528 |
April | ₹510 |
May | ₹493 |
June | ₹477 |
July | ₹496 |
August | ₹516 |
September | ₹537 |
October | ₹548 |
November | ₹559 |
December | ₹570 |
Month | Target |
January | ₹581 |
February | ₹593 |
March | ₹605 |
April | ₹585 |
May | ₹566 |
June | ₹547 |
July | ₹569 |
August | ₹592 |
September | ₹616 |
October | ₹628 |
November | ₹641 |
December | ₹654 |
Month | Target |
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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