Financials Bank of Baroda

Equities

BANKBARODA

INE028A01039

Banks

Market Closed - NSE India S.E. 07:43:46 2024-04-26 am EDT 5-day change 1st Jan Change
268 INR -0.22% Intraday chart for Bank of Baroda +4.32% +15.99%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 340,346 247,431 383,198 590,583 873,185 1,386,184 - -
Enterprise Value (EV) 1 340,346 247,431 383,198 590,583 873,185 1,386,184 1,386,184 1,386,184
P/E ratio 91.2 x 52.5 x 41.6 x 7.94 x 6.19 x 7.97 x 7.59 x 7.11 x
Yield - - - 2.55% 3.26% 2.45% 2.42% 2.5%
Capitalization / Revenue 1.37 x 0.66 x 0.93 x 1.34 x 1.7 x 2.38 x 2.18 x 1.96 x
EV / Revenue 1.37 x 0.66 x 0.93 x 1.34 x 1.7 x 2.38 x 2.18 x 1.96 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.74 x 0.4 x 0.5 x 0.67 x 0.89 x 1.28 x 1.13 x 1 x
Nbr of stocks (in thousands) 2,645,516 4,620,567 5,171,362 5,291,959 5,171,362 5,171,362 - -
Reference price 2 128.6 53.55 74.10 111.6 168.8 268.0 268.0 268.0
Announcement Date 5/22/19 6/23/20 5/29/21 5/13/22 5/16/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 247,748 377,686 411,735 441,053 513,818 582,569 636,696 707,288
EBITDA - - - - - - - -
EBIT 1 134,868 196,914 206,298 223,888 268,635 304,044 333,585 380,827
Operating Margin 54.44% 52.14% 50.1% 50.76% 52.28% 52.19% 52.39% 53.84%
Earnings before Tax (EBT) 1 6,982 -18,021 55,560 93,864 197,266 240,216 243,455 260,386
Net income 1 4,335 5,462 8,290 72,723 141,096 174,804 181,973 195,330
Net margin 1.75% 1.45% 2.01% 16.49% 27.46% 30.01% 28.58% 27.62%
EPS 2 1.410 1.020 1.780 14.06 27.28 33.63 35.31 37.71
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 2.850 5.500 6.570 6.499 6.712
Announcement Date 5/22/19 6/23/20 5/29/21 5/13/22 5/16/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 106,442 119,550 108,614 111,452 110,713 111,340 100,204 120,003 143,703 149,909 143,189 140,712 148,596 147,968 144,254
EBITDA - - - - - - - - - - - - - - -
EBIT 1 55,906 62,656 57,074 56,696 54,833 56,351 45,275 60,310 82,322 80,729 78,243 70,286 75,009 74,088 -
Operating Margin 52.52% 52.41% 52.55% 50.87% 49.53% 50.61% 45.18% 50.26% 57.29% 53.85% 54.64% 49.95% 50.48% 50.07% -
Earnings before Tax (EBT) 1 16,340 26,796 15,954 29,160 29,763 18,988 28,427 44,035 58,283 66,522 58,775 52,454 54,877 59,994 -
Net income 1 10,611 -10,465 12,086 20,878 21,970 17,788 21,681 33,134 38,527 47,753 40,701 40,575 40,920 45,921 -
Net margin 9.97% -8.75% 11.13% 18.73% 19.84% 15.98% 21.64% 27.61% 26.81% 31.85% 28.42% 28.84% 27.54% 31.03% -
EPS 2 2.300 -2.240 2.340 4.040 4.250 3.440 4.190 6.410 7.450 9.230 7.870 7.360 7.660 8.648 -
Dividend per Share - - - - - 2.850 - - - - - - - - -
Announcement Date 1/27/21 5/29/21 8/7/21 11/10/21 2/5/22 5/13/22 7/30/22 11/5/22 2/3/23 5/16/23 8/5/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 0.97% 0.89% 1.11% 8.93% 15.3% 16.9% 15.3% 14.5%
ROA (Net income/ Total Assets) 0.06% 0.06% 0.07% 0.6% 1.03% 1.1% 1.06% 1.02%
Assets 1 7,225,333 9,103,000 11,842,143 12,120,467 13,698,660 15,841,581 17,242,442 19,103,716
Book Value Per Share 2 173.0 134.0 149.0 166.0 190.0 210.0 237.0 267.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 5/22/19 6/23/20 5/29/21 5/13/22 5/16/23 - - -
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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