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BANKINDIA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

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

Fundamental Rating: 3.5

Stock Code BANKINDIA Market Cap 69,419 Cr. Current Price 153 ₹ High / Low 178 ₹
Stock P/E 6.84 Book Value 186 ₹ Dividend Yield 2.66 % ROCE 6.15 %
ROE 12.3 % Face Value 10.0 ₹ DMA 50 159 ₹ DMA 200 140 ₹
Chg in FII Hold 1.58 % Chg in DII Hold -0.45 % PAT Qtr 2,705 Cr. PAT Prev Qtr 2,555 Cr.
RSI 39.6 MACD -3.43 Volume 64,17,513 Avg Vol 1Wk 84,99,325
Low price 98.7 ₹ High price 178 ₹ PEG Ratio 0.17 Debt to equity 11.7
52w Index 67.5 % Qtr Profit Var 7.47 % EPS 22.3 ₹ Industry PE 7.57

📊 Financial Overview

  • Revenue & Profitability: PAT improved from 2,555 Cr. to 2,705 Cr. (+7.47%), showing steady growth.
  • Margins & Returns: ROE (12.3%) is decent, while ROCE (6.15%) is modest, reflecting average efficiency.
  • Debt: Debt-to-equity ratio at 11.7, high but typical for banks.
  • Cash Flow: EPS at 22.3 ₹, consistent with profitability.

💹 Valuation Metrics

  • P/E Ratio: 6.84 vs Industry PE of 7.57 → Slightly undervalued.
  • P/B Ratio: Current Price ₹153 vs Book Value ₹186 → Trading below book value, attractive.
  • PEG Ratio: 0.17 → Very attractive, suggesting undervaluation relative to growth.
  • Intrinsic Value: Current price below 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 39.6 (near oversold), MACD negative, price below 50DMA but above 200DMA.
  • Suggested entry zone: ₹140–₹150 for accumulation.
  • Long-term holding viable given stable profitability and undervaluation.


✅ Positive

  • Strong ROE (12.3%).
  • Quarterly profit growth (+7.47%).
  • PEG ratio (0.17) suggests undervaluation relative to growth.
  • FII holding increased (+1.58%).

⚠️ Limitation

  • ROCE relatively modest (6.15%).
  • High leverage (Debt-to-equity 11.7).
  • Stock trading below 50DMA, showing weak momentum.

📉 Company Negative News

  • DII holding reduced (-0.45%).
  • Weak technical momentum with MACD negative.

📈 Company Positive News

  • FII holding increased (+1.58%).
  • Quarterly profits improved steadily.

🏭 Industry

  • Industry PE at 7.57, slightly higher than Bank of India’s 6.84.
  • Banking sector stable with long-term growth potential in India.

🔎 Conclusion

  • Bank of India shows consistent profitability and trades at attractive valuations compared to peers.
  • High leverage is structural but manageable given government backing and steady earnings.
  • Best strategy: Accumulate in the ₹140–₹150 zone.
  • Long-term holding viable with stable growth and improving fundamentals.

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