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BANKBARODA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.6

Stock Code BANKBARODA Market Cap 1,46,427 Cr. Current Price 283 ₹ High / Low 326 ₹
Stock P/E 7.53 Book Value 294 ₹ Dividend Yield 2.95 % ROCE 6.24 %
ROE 15.7 % Face Value 2.00 ₹ DMA 50 295 ₹ DMA 200 275 ₹
Chg in FII Hold 1.13 % Chg in DII Hold -0.21 % PAT Qtr 5,055 Cr. PAT Prev Qtr 4,809 Cr.
RSI 39.2 MACD -4.64 Volume 55,32,435 Avg Vol 1Wk 71,26,592
Low price 209 ₹ High price 326 ₹ PEG Ratio 0.19 Debt to equity 11.0
52w Index 63.5 % Qtr Profit Var 4.49 % EPS 37.6 ₹ Industry PE 7.57

📊 Financial Overview

  • Revenue & Profitability: PAT improved from 4,809 Cr. to 5,055 Cr. (+4.49%), showing steady growth.
  • Margins & Returns: ROE (15.7%) is strong, while ROCE (6.24%) is modest, reflecting average efficiency.
  • Debt: Debt-to-equity ratio at 11.0, high but typical for banks.
  • Cash Flow: EPS at 37.6 ₹, consistent with profitability.

💹 Valuation Metrics

  • P/E Ratio: 7.53 vs Industry PE of 7.57 → Fairly valued.
  • P/B Ratio: Current Price ₹283 vs Book Value ₹294 → Trading near book value, attractive.
  • PEG Ratio: 0.19 → Very attractive, suggesting undervaluation relative to growth.
  • Intrinsic Value: Current price close to fair value, offering upside potential.

🏢 Business Model & Competitive Advantage

  • Large public sector bank with diversified lending and strong retail presence.
  • Government backing provides stability and trust.
  • High leverage is structural but profitability remains consistent.

📈 Entry Zone Recommendation

  • Technicals: RSI at 39.2 (near oversold), MACD negative, price below 50DMA but above 200DMA.
  • Suggested entry zone: ₹260–₹275 for accumulation.
  • Long-term holding viable given stable profitability and fair valuation.


✅ Positive

  • Strong ROE (15.7%).
  • Quarterly profit growth (+4.49%).
  • PEG ratio (0.19) suggests undervaluation relative to growth.
  • FII holding increased (+1.13%).

⚠️ Limitation

  • ROCE relatively modest (6.24%).
  • High leverage (Debt-to-equity 11.0).
  • Stock trading below 50DMA, showing weak momentum.

📉 Company Negative News

  • DII holding reduced (-0.21%).
  • Weak technical momentum with MACD negative.

📈 Company Positive News

  • FII holding increased (+1.13%).
  • Quarterly profits improved steadily.

🏭 Industry

  • Industry PE at 7.57, close to Bank of Baroda’s 7.53.
  • Banking sector stable with long-term growth potential in India.

🔎 Conclusion

  • Bank of Baroda shows strong profitability and fair valuation compared to peers.
  • High leverage is structural but manageable given consistent earnings.
  • Best strategy: Accumulate in the ₹260–₹275 zone.
  • Long-term holding viable with stable growth and improving fundamentals.

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