NSE/BANKBARODA

BANKBARODABank of Baroda

Financial Services · NSE

₹280.44+0.38%

52-wk low52-WEEK RANGE52-wk high

₹217.27+29.1% from low ·-13.6% from high₹324.45

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

BANKBARODA+21.82% · 1Y

Range high ₹325.5Range low ₹212.55Latest ₹280.44252 bars · daily-close · NSE bhavcopy + 10Y history

Financial ServicesBanks - RegionalLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

Medium

Middle-of-the-pack performance.

· 52w return +12.4%
· Just above 200-DMA (+2.6%)

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 7.5 vs sector median 18.5 — 60% cheaper
· P/B 0.88 below sector median 2.13

Growth

Medium

Steady but not standout growth.

· Revenue YoY +4.3% — slow
· 3Y revenue CAGR +12.9%

Profitability

Medium

Average profitability vs peers.

· ROE 12.8%
· Net margin 31.4% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(68/100)

Durability

50/100

Mixed quality signals; requires deeper due diligence.

Show 2 drivers

Piotroski F-score4/8 (50pt)
ROE12.8% (51pt)

Valuation

A+

96/100

Attractively valued vs peers and growth — good margin of safety.

Show 3 drivers

P/E vs sector (7.5 / 18.5)40% (100pt)
P/B0.88 (100pt)
Dividend yield2.98% (75pt)

Momentum

57/100

Constructive setup — momentum building, not extended.

Show 5 drivers

52w change+12.4% (61pt)
DMA-trend alignmentsideways (50pt)
RSI (14)53.2 (60pt)
Price vs 200-DMA+3.1% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)7.47

UNDERVALUED

CheapestP/E 7.5 at 14th %ile of sector — cheaper than 86% of peers.Most expensive

P/B0.88

UNDERVALUED

CheapestP/B 0.88 at 9th %ile of sector.Most expensive

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Oct +4.82% · Worst: May -2.81%

Jan

+0.0%

45% win

Feb

-1.0%

42% win

Mar

-0.4%

58% win

Apr

+3.1%

75% win

May

-2.8%

18% win

Jun

-0.4%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+0.98%

Median

+0.09%

Std dev

11.86%

Best

+36.1%

Worst

-34.9%

% positive

50%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Strong net margin (31.4%)
High margin indicates pricing power + operating efficiency

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 1

Attractive income yield (2.98%)
Payout ratio 22% leaves room for dividend growth

THREATS · 1

Net debt is 64% of market cap
Financing costs become material in rising-rate regimes

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+0.4%

+1.5%

-0.2%

-6.4%

+8.0%

+18.9%

+19.3%

+27.8%

10Y

+8.5%

Fundamentals

VALUATION

Market cap

₹1,45,320 Cr

P/E (TTM)

7.5

P/E (fwd)

7.3

next 12m

P/B

0.88

EV/EBITDA

—

Book value

₹317.69

per share

PROFITABILITY · QUALITY

ROE

12.8%

ROCE

—

Net margin

31.4%

Op margin

41.8%

Gross margin

0.0%

D/E

—

GROWTH · MARKET

Rev YoY

+4.3%

Profit YoY

+4.5%

Div yield

2.98%

Payout

22.2%

52w change

+12.4%

Beta

0.47

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 3

+Trading at -59.7% vs sector median P/EP/E 7.5 vs Financial Services median 18.5 — relative value on earnings
+Strong operating margin (41.8%)Meaningful pricing power or cost discipline — above most Indian companies
+3-year profit CAGR of 38.2%Consistently compounding earnings — the Buffett playbook

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

7.47

Sector median

18.51

Rank 8/58 (88th %ile)

ROE

This stock

12.8%

Sector median

13.6%

Rank 30/58 (50th %ile)

P/B

This stock

0.88

Sector median

2.13

Rank 5/58 (93th %ile)

Quality score · Piotroski F-score

4 / 8

Mixed quality — several weak points

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
—Operating margin expanded YoY· Pricing power or cost discipline
✗

Analyst consensus

33 analysts · BUY

Target mean

₹320.09

Target high

₹360.00

Target low

₹225.00

Upside vs today

+13.9%

Street consensus target is +13.9% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Banks - Regional

Employees

75,008

Shares out

517.1

Revenue (TTM)

₹64,966 Cr

Total debt

₹1,43,113 Cr

Cash

₹50,206 Cr

Net debt

₹92,907 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	20,189	17,589	14,682	18,098	19,413
Interest	19,266	20,143	20,273	20,307	20,586
PBT	7,434	6,935	7,317	5,170	7,024
Tax %	26.6%	26.2%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	48,393	55,791	67,901	69,679
Interest	38,815	49,942	69,899	78,265
Depreciation	1,438	2,032	1,694	1,467
PBT	10,241	20,882	26,259	28,025

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
BANKBARODATHIS Bank of Baroda	₹280.44	+12.4%	1,45,320	7.5	0.88	12.8%	—	+4.3%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
SBIN State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
ICICIBANK ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
BAJAJFINSV Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	8.85	9.77	+10.4%
-2q	8.14	9.30	+14.2%
-3q	8.40	8.78	+4.6%
-4q	8.80	9.78	+11.1%

Date	Amount
2025-06-06	₹8.35
2024-06-28	₹7.60
2023-06-30	₹5.50
2022-06-17	₹2.85
2017-06-22	₹1.20

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	1,036	1,036	1,036	1,036
Reserves	1,787	2,086	2,517	3,156
Borrowings	1,09,526	1,05,481	93,089	1,05,813
Total liabilities	13,40,137	15,25,879	16,54,779	18,61,774
Fixed assets	10,188	8,957	8,148	12,634
CWIP	131	81	113	155
Investments	3,46,014	3,95,604	4,04,847	4,25,457
Total assets	13,40,137	15,25,879	16,54,779	18,61,774

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	6,210	-21,354	-6,274	34,892
CF Investing	-3,645	-1,096	-1,285	-6,494
CF Financing	-998	-5,405	5,476	3,790
Net cash flow	1,567	-27,855	-2,084	32,188
Free cash flow	2,805	-22,337	-7,629	28,559

Metric	2025-FY	2024-FY	2023-FY	2022-FY
Net margin %	29.7%	27.6%	26.7%	16.2%
ROE %	535.1%	562.4%	501.5%	278.1%
ROCE %	102.9%	93.7%	64.1%	43.7%
Debt / Equity	25.25	26.21	33.79	38.81
Dividend payout %	19%	15%	10%	—
Interest coverage	1.4×	1.4×	1.4×	1.3×
Revenue growth YoY	+2.6%	+21.7%	+15.3%	—
Profit growth YoY	+10.4%	+25.9%	+89.9%	—

BANKBARODABank of Baroda

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

Recent news

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Financial Services