āagman

Not investment advice. Data and computed figures, for information only.

Bank of Baroda

NSE: BANKBARODAF&O
₹228.00
−₹1.00 (−0.44%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,21,941 Cr
CMP
₹228.00
52-wk High / Low
₹326 / 224
P/E
5.5
P/B
0.7
Book Value
₹326.0
Div Yield
3.60%
ROCE
5.6%
ROE
13.0%
Face Value
₹2
D/E
11.13

Price−14.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹531
√(22.5 × EPS × book value per share)
Cash flow to profit
1.67
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
10.4%
ROE × earnings retention ratio
ROE stability
2.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.60DII −1.09
Latest quarter vs the previous one
Cash-accrual divergence
−0.7%
of assets
Low = accruals track cash flow
Strengths
+PE of 5.5x is below the sector median of 20.4x
Watch-outs
−Latest ROCE of 5.6% trails the sector median of 9.4%
−Borrowings are up 403.2% since FY2016 (33845 to 170297)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales28,00329,26330,04231,07231,14331,90232,57032,82032,86633,31833,60034,51435,115
Expenses11,04012,21610,55612,26910,87912,75510,65412,71212,92811,54812,39013,15512,130
Operating Profit—————————————
OPM %—————————————
Other Income5,3166,5035,0426,5384,6587,5535,1637,0765,5385,1166,3995,474522
Interest16,06017,52818,00218,30918,58219,26620,14320,27320,30720,19120,58620,77621,301
Depreciation0000000000000
Profit before tax6,2176,0236,5267,0336,3407,4346,9356,9115,1706,6957,0246,0572,206
Net Profit4,4684,4264,8155,1604,7645,4055,2505,4473,5175,1815,5015,8721,839
EPS (₹)8.618.509.269.929.1410.3610.0810.486.719.9310.5311.223.45

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales44,91545,79944,47346,05652,90678,89574,31473,38594,1391,18,3791,27,9451,34,2981,36,546
Expenses13,46625,39119,25026,09325,81540,58338,63637,51838,23944,38745,53348,05849,223
Operating Profit—————————————
OPM %—————————————
Other Income5,4495,9927,9377,9927,88712,19115,25414,39516,63923,39924,93922,52717,511
Interest30,54732,10729,59629,16032,50650,04043,20138,81549,94269,89978,26581,86082,855
Depreciation3685255409019481,6971,3571,4382,0321,6941,4671,9630
Profit before tax5,983−6,2333,024−2,1061,525−1,2346,37310,00820,56525,79927,61924,94521,981
Net Profit3,950−5,0331,855−1,8361,1669811,6207,93315,00518,86920,86520,07018,392
EPS (₹)17.69−21.997.88−7.134.162.012.9915.1828.8236.2940.0638.3835.13

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital4444624625305309251,0361,0361,0361,0361,0361,036—
Reserves41,57442,04142,60546,03654,46675,17981,35490,8331,04,0191,18,6771,45,4671,64,833—
Other Liabilities26,46528,13427,64928,91930,21754,85053,10462,92278,22473,12382,76289,425—
Total Liabilities7,33,9666,91,1737,19,2167,47,7968,19,67011,99,93512,02,66713,40,12115,25,87116,54,77518,61,76621,01,485—
Fixed Assets2,9786,3595,9305,5327,3689,2688,43811,0989,8659,05413,54413,107—
CWIP000000213611—
Investments1,24,7391,28,8941,40,7161,75,1371,95,7162,89,7272,81,8593,47,5873,97,4874,07,1364,27,3804,35,778—
Other Assets6,06,2485,55,9205,72,5705,67,1266,16,5869,00,9419,12,3679,81,43511,18,51612,38,58014,20,84216,52,599—
Total Assets7,33,9666,91,1737,19,2167,47,7968,19,67011,99,93512,02,66713,40,12115,25,87116,54,77518,61,76621,01,485—
Deposits6,29,9815,86,6906,17,2576,07,4516,65,5899,73,2289,95,91010,75,80412,34,68213,59,98014,96,68816,75,895—
Borrowing35,50233,84531,24264,86068,86895,75371,2631,09,5261,07,9101,01,9591,35,8131,70,297—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity42,23317,838−10,01117,865−59,692−1,44918,531−8876,210−21,271−6,27434,89233,426
Cash from Investing Activity−730−556−4,005−551−414−2,537−139−471−3,645−1,096−1,285−6,494−3,275
Cash from Financing Activity5,151−6−616−1983,4134,44914,729−986−998−5,4885,4763,790−1,806
Net Cash Flow46,65417,276−14,63217,116−56,69246233,120−2,3441,567−27,855−2,08432,18828,345

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %————————————5.6
ROE %14.010.0−12.04.0−4.02.01.02.09.015.017.016.013.0
EPS (₹)23.2917.69−21.997.88−7.134.162.012.9915.1828.8236.2940.0638.38
Book Value (₹)————————————326.0
Face Value (₹)————————————2
P/E————————————5.5
Div Yield %————————————3.60
NPM %—7.8−9.73.5−3.41.91.11.89.013.513.313.612.8
OPM %—————————————
D/E—15.8414.6015.0614.4413.3514.0512.9512.9012.7812.2111.1411.13
P/B————————————0.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+13.0%
3 years+13.0%
TTM+5.0%
Compounded profit growth
10 years+19.0%
5 years+73.0%
3 years+10.0%
TTM+14.0%
Stock price CAGR
10 years+4.0%
5 years+22.0%
3 years+4.0%
Last year−12.0%
Return on equity
10 years10.0%
5 years14.0%
3 years15.0%
Last year13.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters59.24%59.24%59.24%64.03%63.26%71.60%63.97%63.97%63.97%63.97%63.97%63.97%63.97%
FIIs11.81%11.81%11.81%13.94%9.79%4.57%6.89%9.14%10.93%12.40%8.98%9.69%10.29%
DIIs20.59%20.59%20.59%14.03%18.19%13.95%15.90%15.08%16.74%16.04%17.97%18.92%17.83%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.26%0.26%0.08%0.08%
Public8.36%8.36%8.36%8.00%8.76%9.88%13.24%11.81%8.10%7.32%8.83%7.33%7.81%
No. of shareholders3,06,6223,06,6223,06,6223,33,3583,80,1998,89,28811,67,22012,64,07912,78,02013,29,61816,89,79714,59,93414,80,357
Change since Jun 2023 (pp)
Promoters +4.73FIIs −1.52DIIs −2.76Public −0.55

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Interest Rates UpdatesAnnouncement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Interest Rates UpdatesOutstanding Bond As On 30.09.2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJun 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPT

Corporate actions

As of 5 Jun 2026
5 Jun 2026DIVIDENDDividend - Rs 8.50 Per Share—
6 Jun 2025DIVIDENDDividend - Rs 8.35 Per Share—
28 Jun 2024DIVIDENDAnnual General Meeting/Dividend - Rs 7.60 Per Share—
30 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 5.50 Per Share—
17 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2.85 Per Share—
22 Jun 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.20 Per Share—
16 Jun 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 3.20/- Per Share—
22 Jan 2015SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
12 Jun 2014DIVIDENDAnnual General Meeting / Dividend - Rs.10.50/- Per Equity Share—
20 Jan 2014DIVIDENDInterim Dividend Rs 11/- Per Share—
13 Jun 2013DIVIDENDAnnual General Meeting / Dividend - Rs.21.50/- Per Equity Share—
14 Jun 2012DIVIDENDAnnual General Meeting/Dividend Rs 17 Per Share—
23 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.16.50 Per Share—
24 Jun 2010DIVIDENDAnnual General Meeting And Dividend Rs.15/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman