Bank of Baroda (BANKBARODA) had a P/E of 6.5× on 6 Nov 2026, and the shares are 23% below their 52-week high. Net profit grew 10% a year over 3 years, with ROE of 12%. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 0.74× book value and its dividend yield is 3.4%. It is a large-cap company with a market cap of ₹1.3 lakh crore, ranked 8th of 41 Banks (Regional) companies by market cap; the shares fell 13% over the past year.
- ₹246.15
- ₹250.31
- ₹244.86
- ₹249.67
- 86.6 L
Health check
- ReturnsBehind
−13.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/B 0.74 vs peer median 1.78.
- GrowthSlow
Profit +10.0% a year over 3 years.
- ProfitabilityAverage
ROE 11.9% vs peer median 14.7%.
- Balance sheetFair
Return on assets 0.96%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.3L Cr
- Large cap
- P/E
- 6.5
- Industry 9.2
- Price to book
- 0.74
- Peers 1.78
- Dividend yield
- 3.40%
- ROE
- 11.9%
- Peers 14.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹38.23
- Face value ₹2
- OPM (TTM)
- 47.0%
- Net margin 28.4%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +31.2%
- Latest quarter vs a year ago
- Price to sales
- 1.86
Strengths and risks
Strengths
- Dividend yield of 3.40%.
- Quarterly profit up 31.2% on a year ago.
About Bank of Baroda
Bank of Baroda Limited provides various banking products and services to individuals, government departments, and corporate customers in India and internationally. It operates through Treasury, Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, salary, and current accounts; and fixed and recurring deposits. It also provides loans, including home, vehicle, digital, personal, education, gold, mortgage, and…
- Headquarters
- Vadodara
- Employees
- 76,693
- Sector
- Financial Services
- ISIN
- INE028A01039
- Website
- bankofbaroda.bank.in
Price range
- Avg volume (3M)
- 78.5 L
- 1-year return
- minus 13.3%
- From 52-week high
- minus 23.1%
Analyst consensus
Next results expected around 29 Jan 2027
Peers · Banks - Regional
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 1.7% | 12.5% | 1.71% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 2.1% | 16.8% | 0.80% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 1.2% | 14.4% | 1.72% | plus 5.1% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 2.1% | 8.9% | 0.14% | plus 11.4% |
| AXISBANKAxis Bank | 1,322.90 | plus 3.35% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 34.6% | 0.08% | plus 4.4% |
| PNBPunjab National Bank | 126.55 | plus 0.36% | 1,45,443 | 6.4 | 0.90 | 15.1% | 1.1% | 76.4% | 2.38% | plus 2.3% |
| UNIONBANKUnion Bank of India | 187.00 | minus 0.53% | 1,42,748 | 6.5 | 1.00 | 16.3% | 1.4% | 31.7% | 2.66% | plus 24.1% |
| BANKBARODABank of Baroda | 250.31 | plus 0.26% | 1,29,444 | 6.5 | 0.74 | 11.9% | 1.0% | 10.0% | 3.40% | minus 13.3% |
| Median of 7 peers | – | 2.78% | 4,77,498 | 13.8 | 1.78 | 14.7% | 1.6% | 16.8% | 1.71% | 5.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 18,098 | 19,413 | 19,212 | 20,016 | 23,123 | |
| 20,307 | 20,586 | 20,776 | 21,301 | 22,660 | |
| – | – | – | −5,680 | – | |
| 5,170 | 7,024 | 6,057 | 2,206 | 9,267 | |
| 35.2% | 23.0% | 6.7% | 28.7% | 28.4% | |
| 3,469 | 5,443 | 5,801 | 1,783 | 6,737 | |
| 6.71 | 10.53 | 11.22 | 3.45 | 13.03 |
Profit & loss
- Profit CAGR 3Y
- +10.0%
- EPS CAGR 3Y
- +10.0%
- ROE
- 11.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 55,791 | 67,901 | 74,547 | 74,870 | |
| – | +21.7% | +9.8% | +0.4% | |
| 49,942 | 69,899 | 78,265 | 81,860 | |
| 2,032 | 1,694 | 1,467 | 1,963 | |
| 14.3 | 6.3 | 39.6 | 11.8 | |
| 20,882 | 26,259 | 28,025 | 25,538 | |
| 28.1% | 28.1% | 25.5% | 21.4% | |
| 14,905 | 18,767 | 20,716 | 19,846 | |
| – | +25.9% | +10.4% | minus 4.2% | |
| 28.82 | 36.29 | 40.06 | 38.38 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,036 | 1,036 | 1,036 | 1,036 | |
| 1,04,019 | 1,18,677 | 1,45,467 | 1,64,833 | |
| 1,05,481 | 93,089 | 1,05,813 | 1,55,297 | |
| 13,15,343 | 14,41,978 | 16,09,459 | 17,80,337 | |
| 15,25,879 | 16,54,779 | 18,61,774 | 21,01,502 | |
| 8,957 | 8,148 | 12,634 | 12,197 | |
| 80.8 | 113 | 155 | 149 | |
| 3,97,487 | 4,07,136 | 4,28,327 | 4,37,030 | |
| 1,02,373 | 1,00,290 | 1,32,478 | 1,60,823 | |
| 10,16,981 | 11,39,092 | 12,88,180 | 14,91,303 | |
| 15,25,879 | 16,54,779 | 18,61,774 | 21,01,502 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −21,354 | −6,274 | 34,892 | 33,426 | |
| −1,096 | −1,285 | −6,494 | −3,275 | |
| −5,405 | 5,476 | 3,790 | −1,806 | |
| −27,855 | −2,084 | 32,188 | 28,345 | |
| −983 | −1,355 | −6,332 | −1,816 | |
| −22,337 | −7,629 | 28,559 | 31,610 | |
| −1,466 | −2,844 | −3,930 | −4,318 |
Shareholding pattern
- Promoters63.97%
- Public36.03%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.97% | 36.03% | 0.00 | |
| 30 Jun 2026 | 63.97% | 36.03% | 0.00 | |
| 31 Mar 2026 | 63.97% | 36.03% | 0.00 | |
| 31 Dec 2025 | 63.97% | 36.03% | 0.00 | |
| 30 Sep 2025 | 63.97% | 36.03% | – |
Major shareholders
Filings & events
News
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