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Bank of Baroda share Price

Company details

6M Return 33.70%
1Y Return 66.72%
Mkt Cap.(Cr) 110,486.15
Volume 11,773,544
Div Yield 2.53%
OI Chg %
Volume 11,773,544

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Incur '0' Brokerage upto ₹500
Strong all round performance; outlook remains intact
About The Stock

    Bank of Baroda is among leading PSU banks with a global loan book of ~₹ 8.1 lakh crore and has better operating metrics among PSBs.

    • Pan-India presence with over 8168 branches
    • The bank has a meaningful presence in international operations with its JVs and subsidiaries. Also, ~13% of total business comes from overseas

    Steady quarter with improvement in asset quality.

    • NII up 21% YoY at ₹ 8612 crore, NIMs up 41 bps at 3.14%
    • C/I down 108 bps QoQ to 49.4%; provisions up 5% YoY, PAT at ₹ 1779 crore
    • Gross loans up 12.9% QoQ, deposits up 24% YoY and 14% QoQ
    • GNPA down 64 bps QoQ to 6.61%, standard r/s book at ₹ 19000 crore

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Bank of Baroda announced Q1FY24 results:

  • Bank of Baroda's (BOB) quarterly Net profit was higher by 87.7% YoY at Rs 4,070 crore in Q1FY24.
  • BOB has delivered ROA of more than 1% and ROE of around 20%, consistently for the last 4 quarters.
  • This robust growth in profitability was supported by healthy Operating Income growth of 42.9% YoY in Q1FY24.
  • Operating income growth was driven by strong Net Interest Income (NII) growth of 24.4% YoY in Q1FY24 coupled with robust growth in Non-Interest Income which grew 2.8x YoY.
  • Sustained NII growth is attributable to growth in advances of 18.0% (YoY) coupled with traction in Net Interest Margins (NIM), which grew 25 bps YoY at 3.27%.
  • Strong growth in Income coupled with a subdued increase in Opex has resulted in robust Operating profit growth of 73% YoY for Q1FY24.
  • The Bank has been able to effect a reduction in the Cost to Income ratio (excluding Revaluation of Investment) by 166 bps YoY to 47.43% for Q1FY24.
  • BOB has witnessed significant improvement in its Asset quality with a reduction in GNPA by 275 bps YoY to 3.51%. Bank’s NNPA improved to 0.78% with a reduction of 80 bps YoY.
  • BOB’s balance sheet remained robust with a healthy Provision Coverage Ratio (PCR) of 93.23% with TWO & at 78.52% without TWO.
  • This strong and sustainable improvement in asset quality has resulted in a 5 bps YoY decline in Credit Cost at 70 bps for Q1FY24. Excluding prudential provisions credit cost would have been 44 bps in Q1FY24.
  • BOB’s Global Advances registered a strong YoY growth of 18.0% in Q1FY24 led by robust retail loan book growth. Bank’s organic Retail Advances grew by 24.8%, driven by growth in high-focus areas such as Auto Loans (22.1%), Home Loans (18.4%), Personal Loan (82.9%), Mortgage Loan (15.8%), Education Loan (20.8%).
  • Bank achieved a total business of Rs 21,90,896 crore as of June 30, 2023, registering a growth of 17.0% YoY.



Result PDF

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Investment recommendation
Strong all round performance; outlook remains intact
Call Date
17 May 2023
Entry Price 187.00
Target Price 220.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Bank of Baroda Stocks COMPARISION


Equity Capital: 105,054.71 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46
Bank of Baroda - Trading Window

Sep 26, 2023 l NSE Announcement

Bank of Baroda - Loss of Share Certificates

Sep 21, 2023 l NSE Announcement

Bank of Baroda - Updates

Sep 20, 2023 l NSE Announcement

Date Action Type Ratio
Jun 30, 2023 Dividend 275
Jun 17, 2022 Dividend 142.5

Bank of Baroda Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Bank of Baroda (BOB) is an Indian state-owned international banking and financial services company. It was founded by Maharaja Sayajirao Gaekwad III, the Maharaja of Baroda, on 20 July 1908, with its headquarters in Vadodara. Since its nationalisation in 1969, it is under the Government of India and operates as a public sector undertaking (PSU). The bank’s market capitalisation on 21 June 2022 stood at Rs. 49,670 crore.

    Bank of Baroda’s share is listed on the Bombay Stock Exchange with the code 532134, and on the National Stock Exchange with the code BANKBARODA.

    The bank provides savings accounts, current accounts, home loans, vehicle loans, education loans, demat accounts, mutual fund investments, government deposit schemes, life insurance, general insurance, health insurance, and more financial services to individual customers. For MSME, corporate, agriculture, and other business entities, it offers financial and credit services.

    The bank’s board of directors includes Shri Sanjiv Chadha, Dr Hasmukh Adhia, Shri Ajay K Khurana, Shri Vikramaditya Singh Khichi, Shri Joydeep Dutta Roy, and Shri Debadatta Chand, among others. The bank’s auditors are J Kala & Associates, Dass Gupta & Associates, Vyas & Vyas, and R Devendra Kumar & Associates. On 31 March 2022, the bank disclosed a total of 517.14 crore shares outstanding.

    On 31 March 2022, the bank’s shareholding pattern showed a 63.97% stake with promoters, 9.14% stake with foreign institutional investors, 15.07% stake with domestic institutional investors, and 11.82% stake with the public.

    The mutual fund ownership of the bank on 31 May 2022 included HDFC Small Cap Direct Growth Fund with a 2.63% stake, Nippon India Direct Growth Fund with a 1.97% stake, HDFC Flexi Cap Direct Growth Fund with a 1.35% stake, and HDFC Balanced Advantage Direct Growth Fund with a 1.16% stake.

    Coming to BOB’s share price, on 21 June 2022, BOB’s share price on BSE closed at Rs. 96.05. BOB’s share price on NSE also closed at Rs. 96.05. The 52-week high for BOB Bank’s share price was Rs. 122.70, and the 52-week low for Bank of Baroda’s share price was Rs. 72.50.

    The peers within the banking sector for comparison with BOB’s share price include Canara Bank, Punjab National Bank, State Bank of India, and Indian Overseas Bank.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Baroda House, Mandvi, Vadodara, Gujarat, 390006

Tel : 91-0265-2361724
Email : investorservices:bankofbaroda.com
Website : http://www.bankofbaroda.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532134
Book Closure Date (Month) :
BSE Group : A
ISIN : INE028A01039

FAQ’s on Bank of Baroda Shares

You can buy Bank of Baroda shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bank of Baroda Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 03:59 PM the closing price of Bank of Baroda was ₹ 213.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 03:59 PM, the market cap of Bank of Baroda stood at ₹ 110,486.15.

The latest PE ratio of Bank of Baroda as of Sep 26, 2023 03:59 PM is 6.46

The latest PB ratio of Bank of Baroda as of Sep 26, 2023 03:59 PM is 0.97

The 52-week high of Bank of Baroda is ₹ 219.65 while the 52-week low is ₹ 124.00

According to analyst recommendations, Bank of Baroda has a “Buy” rating for the long term.

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