MarketFriction

Bank of Baroda

NSE BANKBARODA · BSE 532134 · Public Sector Bank
₹230.82 +0.12%
NSE close2026-10-01
52 week range223.82 - 325.50
Market cap₹1,17,742 Cr.
P/E5.33
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty BankNifty PSU Bank No price band Delivery 51.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue29,26330,04231,07231,14331,90232,57032,82032,86633,31833,60034,51435,115
Interest17,52818,00218,30918,58219,26620,14320,27320,30720,19120,58620,77621,301
Expenses12,21610,55612,26910,87912,75510,65412,71212,92811,54812,39013,15512,130
Financing Profit-4801,4844941,682-1191,772-165-3681,5796245821,684
Financing Margin %-2%5%2%5%-0%5%-0%-1%5%2%2%5%
Other Income6,5035,0426,5384,6587,5535,1637,0765,5385,1166,3995,474522
Depreciation000000000000
Profit before tax6,0236,5267,0336,3407,4346,9356,9115,1706,6957,0246,0572,206
Tax %28%27%29%28%27%26%23%35%24%23%7%29%
Net Profit4,4264,8155,1604,7645,4055,2505,4473,5175,1815,5015,8721,839
EPS in Rs8.509.269.929.1410.3610.0810.486.719.9310.5311.223.45
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue45,79944,47346,05652,90678,89574,31473,38594,139118,379127,945134,298136,546
Interest32,10729,59629,16032,50650,04043,20138,81549,94269,89978,26581,86082,855
Expenses25,39119,25026,09325,81540,58338,63637,51838,23944,38745,53348,05849,223
Financing Profit-11,700-4,372-9,197-5,414-11,728-7,523-2,9485,9574,0934,1474,3814,469
Financing Margin %-26%-10%-20%-10%-15%-10%-4%6%3%3%3%3%
Other Income5,9927,9377,9927,88712,19115,25414,39516,63923,39924,93922,52717,511
Depreciation5255409019481,6971,3571,4382,0321,6941,4671,9630
Profit before tax-6,2333,024-2,1061,525-1,2346,37310,00820,56525,79927,61924,94521,981
Tax %-19%41%-9%29%-176%77%23%29%29%26%22%
Net Profit-5,0331,855-1,8361,1669811,6207,93315,00518,86920,86520,07018,392
EPS in Rs-21.997.88-7.134.162.012.9915.1828.8236.2940.0638.3835.13
Dividend Payout %0%15%0%0%0%0%19%19%21%21%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%13%13%5%
Compounded Profit Growth19%73%10%14%
Stock Price CAGR3%23%2%-12%
Return on Equity10%14%15%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4444624625305309251,0361,0361,0361,0361,0361,036
Reserves41,57442,04142,60546,03654,46675,17981,35490,833104,019118,677145,467164,833
Deposits629,981586,690617,257607,451665,589973,228995,9101,075,8041,234,6821,359,9801,496,6881,675,895
Borrowing35,50233,84531,24264,86068,86895,75371,263109,526107,910101,959135,813170,297
Other Liabilities26,46528,13427,64928,91930,21754,85053,10462,92278,22473,12382,76289,425
Total Liabilities733,966691,173719,216747,796819,6701,199,9351,202,6671,340,1211,525,8711,654,7751,861,7662,101,485
Fixed Assets2,9786,3595,9305,5327,3689,2688,43811,0989,8659,05413,54413,107
CWIP000000213611
Investments124,739128,894140,716175,137195,716289,727281,859347,587397,487407,136427,380435,778
Other Assets606,248555,920572,570567,126616,586900,941912,367981,4351,118,5161,238,5801,420,8421,652,599
Total Assets733,966691,173719,216747,796819,6701,199,9351,202,6671,340,1211,525,8711,654,7751,861,7662,101,485
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity17,838-10,01117,865-59,692-1,44918,531-8876,210-21,271-6,27434,89233,426
Cash from Investing Activity-556-4,005-551-414-2,537-139-471-3,645-1,096-1,285-6,494-3,275
Cash from Financing Activity-6-616-1983,4134,44914,729-986-998-5,4885,4763,790-1,806
Net Cash Flow17,276-14,63217,116-56,69246233,120-2,3441,567-27,855-2,08432,18828,345
Free Cash Flow17,282-14,01617,314-60,105-3,98618,393-1,1462,805-22,057-7,15328,97931,911
CFO/OP57%-56%66%-304%11%49%12%20%-28%3%54%44%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %10%-12%4%-4%2%1%2%9%15%17%16%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%63.97%
FIIs12.39%12.27%12.40%11.45%9.87%8.90%8.98%8.08%8.71%9.84%9.69%10.14%
DIIs15.74%15.75%16.04%15.77%16.35%17.86%17.97%18.79%18.93%18.72%18.92%18.33%
Government0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.08%0.08%0.08%0.08%
Public7.64%7.76%7.32%8.55%9.56%9.01%8.83%8.89%8.30%7.37%7.33%7.47%
No. of Shareholders12,70,48012,89,44313,29,61814,11,26617,11,54816,93,91716,89,79716,31,56215,65,74314,77,39814,59,93414,60,575

Fundamentals

Market Cap₹ 1,17,742 Cr.
Current Price₹ 228
Stock P/E5.33
Book Value₹ 326
ROCE5.63 %
ROE12.7 %
Dividend Yield3.73 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)14%
Consolidated figures.
Valuation
Market capRs 119,681 Cr
Enterprise valueRs 1,901,187 Cr
P/E (TTM)6.59x
Price to book0.72x
Price to sales0.88x
EV / EBITDA17.80x
EV / EBIT18.14x
EV / sales13.92x
Price to cash flow3.58x
Earnings yield15.17%
Dividend yield3.68%
P/E, 3-year average6.49x
P/B, 3-year average0.91x
P/E, 5-year average6.55x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)64.22%
Operating margin (incl. other income)80.99%
EBITDA margin78.21%
Pre-tax margin16.10%
Net profit margin13.30%
Net margin, latest quarter5.08%
ROE12.71%
ROCE5.63%
ROA1.00%
ROE, 3-year average14.99%
ROCE, 3-year average6.08%
ROA, 3-year average1.12%
ROE, 5-year average13.82%
ROCE, 5-year average5.49%
ROA, 5-year average1.00%
ROIC (approx.)4.20%
Tax rate21.92%
Other income / net worth13.58%
Growth
Sales growth (latest year)4.97%
Profit growth (latest year)-4.20%
Sales CAGR, 3 years12.57%
Sales CAGR, 5 years12.56%
Profit CAGR, 3 years10.01%
Profit CAGR, 5 years66.57%
Sales growth QoQ1.74%
Profit growth QoQ-69.26%
Sales growth YoY (latest quarter)6.84%
Profit growth YoY (latest quarter)-48.60%
Per share
EPS (TTM)Rs 35.02
EPS (latest year)Rs 38.28
EPS (latest quarter)Rs 3.44
EPS, 3-year averageRs 38.14
EPS, 5-year averageRs 31.66
Book value per shareRs 319.90
Sales per shareRs 263.35
Cash flow per shareRs 64.47
Free cash flow per shareRs 61.54
Dividend per share (latest year)Rs 8.49
Dividend per share, 3-year averageRs 8.14
Dividend per share, 5-year averageRs 6.55
Dividends
Dividend payout22.18%
Dividend payout, 3-year average21.34%
Dividend payout, 5-year average20.38%
Efficiency
Asset turnover0.06x
Fixed asset turnover10.25x
Leverage
Total debtRs 1,846,192 Cr
Cash and bankRs 64,686 Cr
Net debtRs 1,781,506 Cr
Debt to equity11.13x
Net debt / EBITDA16.68x
Interest coverage1.27x
Owners' fund to total sources7.89%
Debt to assets87.85%
Cash flow
Cash from Operating Activity (latest year)Rs 33,426 Cr
Cash from Investing Activity (latest year)Rs -3,275 Cr
Cash from Financing Activity (latest year)Rs -1,806 Cr
Net Cash Flow (latest year)Rs 28,345 Cr
Free cash flow (latest year)Rs 31,911 Cr
FCFE (approx.: FCF + change in debt)Rs 245,602 Cr
Cash from ops / profit, 5 years0.57x
Sales to cash flow4.02x
Statement figures
Net sales (TTM)Rs 136,546 Cr
Net sales (latest year)Rs 134,298 Cr
Sales (latest quarter)Rs 35,115 Cr
Operating profit excl. other income (latest year)Rs 86,241 Cr
Operating profit (latest quarter)Rs 22,985 Cr
Other income (TTM)Rs 17,511 Cr
EBITDA (TTM)Rs 106,798 Cr
PBDT (TTM)Rs 23,944 Cr
Profit before tax (TTM)Rs 21,981 Cr
Tax (latest year)Rs 5,468 Cr
Net profit (TTM)Rs 18,161 Cr
Net profit (latest year)Rs 19,846 Cr
Net profit (latest quarter)Rs 1,783 Cr
Depreciation (TTM)Rs 1,963 Cr
Interest (TTM)Rs 82,855 Cr
Cost of goods sold (latest year)Rs 1,441 Cr
Total expenditure (latest year)Rs 48,058 Cr
Total income (latest year)Rs 156,825 Cr
Share capitalRs 1,036 Cr
ReservesRs 164,833 Cr
Shareholders' fundsRs 165,868 Cr
Total assetsRs 2,101,485 Cr
Net blockRs 13,107 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 435,778 Cr
Other liabilitiesRs 89,425 Cr
Shares outstanding (crore)518.50
Ownership
Promoter holding63.97% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.6 is at the 12th percentile of its own 8.4-year range (median 12.2, low 5.0, high 57.3).
P/B 0.72 is at the 26th percentile (median 0.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBANKBARODANifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month-2.9%-6.8% +3.9 pts
3 months-8.5%-7.6% -0.9 pts
6 months-6.8%+0.4% -7.2 pts
1 year-8.7%-9.9% +1.2 pts
2 years-5.6%-13.6% +8.0 pts
3 years+7.9%+14.2% -6.3 pts
5 years+180.0%+27.9% +152.1 pts
248 mutual fund schemes hold about ₹9,208 Cr. Over three months 61 bought more and 130 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund2.67%1,117 -8%
HDFC Balanced Advantage Fund0.67%716 -5%
Kotak Multi Cap Fund2.16%633 +11%
Kotak Arbitrage Fund(M0.73%556 +75%
SBI Balanced Advantage Fund1.24%522 -5%
SBI PSU Fund5.11%342 -5%
SBI Banking & Financial Services Fund2.94%319 +12%
SBI Arbitrage Fund0.61%287 +85%
Kotak Multi Asset Allocation Fund1.79%274 -6%
ICICI Pru Large Cap Fund0.29%233 +6%
Invesco India Contra Fund1.08%222 -7%
SBI ELSS Tax Saver Fund0.56%178 -4%
ICICI Pru Nifty Next 50 Index Fund1.74%176 -8%
HDFC Arbitrage Fund(M0.60%153 +153%
Aditya Birla SL PSU Equity Fund2.31%140 -5%
UTI Nifty Next 50 Index Fund1.74%132 -8%
Kotak Equity Savings Fund(M1.16%124 +36%
ICICI Pru Arbitrage Fund0.35%123 +153%
HDFC Large & Mid Cap Fund0.39%119 -7%
Edelweiss Arbitrage Fund0.72%106 +2%
Tata Arbitrage Fund0.43%106 +44%
ICICI Pru Large & Mid Cap Fund0.28%95 +100%
SBI Multi Asset Allocation Fund(A0.44%93 -11%
HDFC Flexi Cap Fund0.08%92 -80%
SBI Equity Savings Fund(Q1.67%92 -2%

Red flags

F-score 4 of 8
explainLow interest cover Interest cover 1.3x in 2026
lookProfit leans on other income Other income was 90% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-06-03SUMIT KUMAR MUJUMDAREmployees/Designated Employeother7,500Rs 0.22 CrESOP
2019-12-12President of IndiaPromoter Groupother651,465,798Rs 7000.00 CrPreferential Offer
2019-10-10PRESIDENT OF INDIAPromotersother6,461,221Rs 56.69 CrOff Market
2019-06-17President of IndiaPromotersother428,559,286Rs 5042.00 CrPreferential Offer
2019-02-18The President of India (GoI)Promotersother12,835,716Rs 127.20 CrOff Market
2018-06-20President of IndiaPromotersother8,426,453Rs 108.03 CrOff Market
2018-06-20PRESIDENT OF INDIAPromotersother7,552,410Rs 96.82 CrOff Market
2018-04-06President of indiaPromotersother341,356,534Rs 5375.00 CrPreferential Offer
2018-02-28Palamadai Sundararajan JayakumarKey Managerial Personnelbuy14,000Rs 0.20 CrMarket Purchase
2017-11-20The President of IndiaPromotersother12,449,966Rs 218.31 CrOff Market
2017-09-07Palamadai Sundararajan JayakumarDirectorbuy18,000Rs 0.25 CrMarket Purchase
2017-08-14Palamadai Sundararajan JayakumarDirectorbuy35,000Rs 0.50 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹35,115 Cr +6.8% vs Jun 2025. Net profit ₹1,839 Cr -47.7%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
State Bank of India890,49210.66.13 %
Punjab National Bank128,4345.816.13 %
Union Bank of India126,7186.146.30 %
Canara Bank108,4035.466.52 %
Indian Bank107,1178.386.32 %
Bank of Maharashtra60,8868.086.03 %
Indian Overseas Bank59,59910.46.07 %
Bank of India59,2355.035.93 %
UCO Bank28,90410.35.55 %
Central Bank of India27,1905.965.64 %
Punjab & Sind Bank14,97910.85.95 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-05Dividend - Rs 8.50 Per Share
2025-06-06Dividend - Rs 8.35 Per Share
2024-06-28Annual General Meeting/Dividend - Rs 7.60 Per Share
2023-06-30Annual General Meeting/Dividend - Rs 5.50 Per Share
2022-06-17Annual General Meeting/Dividend - Rs 2.85 Per Share
2021-06-30 Annual General Meeting
2020-07-22 Annual General Meeting
2019-06-18 Annual General Meeting
2018-07-05 Annual General Meeting
2017-06-22 Annual General Meeting/Dividend - Rs 1.20 Per Share
2016-06-16 Annual General Meeting
2015-06-16Annual General Meeting/ Dividend - Rs 3.20/- Per Share
2015-01-22Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2014-06-12Annual General Meeting / Dividend - Rs.10.50/- Per Equity Share
2014-01-20Interim Dividend Rs 11/- Per Share
2013-06-13Annual General Meeting / Dividend - Rs.21.50/- Per Equity Share
2012-06-14Annual General Meeting/Dividend Rs 17 Per Share
2011-06-23Annual General Meeting And Dividend Rs.16.50 Per Share
2010-06-24Annual General Meeting And Dividend Rs.15/- Per Share
2009-06-18Agm/Div.Rs.9/- Per Share
2008-11-06Egm-Election Of Directors
2008-07-17Agm/Dividend - 80%
2007-06-21Agm/Dividend-30%
2007-03-22Interim Dividend-30% Purpose Revised
2006-06-29Dividend-50%
DateTypeWhat it says
2026-09-29General UpdatesDisclosure under Regulation 30
2026-09-24General UpdatesDisclosure under Regulation 30
2026-09-23Change in ManagementExtension of tenure Shri Lal Singh, Executive Director
2026-09-21General UpdatesDisclosure under regulation 30 - Incorporation Of Subsidiary
2026-09-10General UpdatesMCLR w.e.f 12th September 2026
2026-09-09ResignationResignation of Director/KMP/SMP
2026-09-09ResignationResignation of Director/KMP/SMP
2026-09-09Change in ManagementChange in Management
2026-09-08General UpdatesDisclosure under Regulation 30
2026-09-02General UpdatesNotice of Strike
2026-09-02General UpdatesInvestor Conference - Outcome
2026-08-31ResignationResignation of Director/KMP/SMP
2026-08-31Change in ManagementChange in Management
2026-08-31Change in ManagementChange in Management
2026-08-27General UpdatesInvestor Conference Intimation
2026-08-21General UpdatesRaising Of Senior Unsecured Fixed Rate Reg S Bond
2026-08-19General UpdatesDisclosure under regulation 30
2026-08-18General UpdatesInvestor Conference - Outcome
2026-08-17General UpdatesRating
2026-08-13General UpdatesRaising of Senior Unsecured Fixed Rate Reg S Bond
2026-08-13Change in ManagementChange in Management
2026-08-12General UpdatesInvestor Conference - Outcome
2026-08-11General UpdatesInvestor Conference Intimation
2026-08-10General UpdatesMCLR w.e.f. 12.08.2026
2026-08-07General UpdatesOutcome of Capital Raising Committee Meeting
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.14
Max pain (expiry 2026-10-27)240
Largest call open interest at240
Largest put open interest at280
Implied volatility, at the money27.0%
Underlying at snapshot230.82
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-291,100
2026-09-285
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-17NCLTBank of Baroda Vs Tshering Pintso Bhutia.
2021-08-17NCLTBank of Baroda Vs Ongmu Bhutia
2021-08-16NCLTBank of Baroda Vs Rotomac Exports Pvt. Ltd.
2021-08-16NCLTBank of Baroda Vs Rotomac Exports Pvt. Ltd.
2021-08-16NCLTBank of Baroda Vs Rotomac Global Pvt. Ltd.
2021-08-16NCLTBank of Baroda Vs Rotomac Global Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bank of Baroda?

Bank of Baroda (BANKBARODA) has a market capitalisation of Rs 1,17,742 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bank of Baroda?

Bank of Baroda trades at a P/E of 5.33 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bank of Baroda's latest quarterly results?

In the Jun 2026 quarter, Bank of Baroda revenue was Rs 35,115 Cr (+6.8% vs Jun 2025) and net profit was Rs 1,839 Cr.

What is the 52-week high and low of Bank of Baroda?

The 52-week high is Rs 325.50 and the 52-week low is Rs 223.82.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03