Bank of Baroda Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

One of the companies that is listed on stock exchanges is Bank of Baroda. Although this company does not perform well on a large scale and does not make millions of dollars in profits, it has performed well enough that the price of its shares has increased frequently, as has the demand for its shares. Its share prices have recently decreased slightly, but predictions that will be covered in the coming years indicate that the share will eventually rise.

Bank of Baroda Share Price Target 2024-2030

The Bank of Baroda (BOB) is one of the major unwavering providers of retail, agricultural, private, and commercial banking services. Its related financial solutions also include loans, deposit services, and payment cards as part of its banking services. The bank also offers loans for mortgages, securities, rent receivables, cars, education, agriculture, personal and business needs, agriculture, and mortgages.

What Is Bank of Baroda?

One of India’s largest public sector banks, Bank of Baroda offers a wide range of financial and banking services. Bank of Baroda, established in 1908, has developed into a worldwide player with a substantial domestic presence and worldwide reach.

Bank of Baroda Share Price Target Today Update

• When compared to the shares’ previous closing price on stock exchanges, the current share price of Bank of India is 3.07 percent higher.
• The share prices have gone up by 15.81 percent in the past year, but in the last five days, they have gone down by 10.25 percent.
• Share prices may rise in the future, according to various predictions, but this is not yet confirmed. The company is using these predicted values to set specific target prices that it wants to reach in a certain amount of time.

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Bank Of Baroda Business Profile

BOB is a public sector bank that was established in 1908 and is the third largest PSU bank in India. The Government of India (GOI) owns 63.97 percent of the bank. The bank became India’s third-largest PSU bank in FY19 thanks to its merger with Dena Bank and Vijaya Bank.

• Branch Network: The bank has 8168 branches in India and 94 branches outside of India, as well as eighty-two hundred and twenty-one ATMs in India. The majority of them were in rural areas, accounting for 24235 percent of the company’s total branches in the country that year. Also, there were 11,475 ATMs all over India, most of which were close to or easily accessible from the bank’s branch offices. In addition, there are 150 currency chests operating throughout India.
• Retail Book: Home loans make up 56% of the retail book. Auto loans make up 18%, others make up 21%, and education loans make up 5%.
• International Business: The total loan book was 1,56,759 Crs as of Q2FY23. As a result, this credit facility is made up of 18% of the international loan book. The bank has overseas branches or offices in 94 different countries, including the United Kingdom, New Zealand, Kenya, Uganda, Guyana, Tanzania, Guyana, Botswana, Malaysia, and other nations. India International Bank is a joint venture in Malaysia, and Indo Zambia Bank is an associate bank. There were thirty branches in total.

Subsidiaries

• BOB Financial Solutions Ltd – It was the first company in India to issue credit cards that was not a bank, and it is its primary business. It is completely owned by the company. Additionally, it supports the bank’s merchant-acquiring operations.
• BOB Capital Market Ltd – Initial Public Offerings (IPOs), Syndicated Debts/Debentures, NPA Resolutions, Business Valuations, Reorganization or Merger Services, and Stock Broking are just a few of the many financial services it offers. There are five business lines: retail broking, institutional broking, investment banking (equity or debt), and wealth management.
• The Nainital Bank Ltd– This bank became a subsidiary of another company in 1973; currently, it only operates in five states: Uttarakhand, Uttar Pradesh, Delhi, Haryana, the National Capital Region (NCR), and Rajasthan. As of December 31, 2019, approximately 950 of these banks had closed or been liquidated due to non-compliance, as well as other factors such as bankruptcy proceedings.
• Baroda Asset Management India Ltd – The assets under management (AUM) of the Baroda Mutual Fund (Baroda MF) for the fiscal year 2020 stood at an average of Rs. 11,204 crores. It manages the Baroda Mutual Fund (Baroda MF) in such a way that investments are taken out of it and placed in safe and profitable locations.
• IndiaFirst Life Insurance Company Ltd– This is one of the most recent national life insurance companies, with a share capital of 635 crores that has been paid out. Based on Individual New Business APE, PricewaterhouseCoopers Limited places this company 12th out of 14,723 crores of private entities.
• India Infradebt Ltd– India Infra Ltd., a business consortium consisting of Citicorp Finance Ltd., LIC Life Corporation of India Ltd., and ICICI Bank Ltd., operates Infradebt, India’s first infrastructure debt fund. Its goal is to provide loans for renewable energy and other industries with a similar risk-return profile.

Buy Bank of Baroda Stock

We’ve talked about the bank’s fundamental position and the changes that helped it do better in the market; now let’s talk about the pattern on its chart. As you are aware, the bank’s current market position is shown by the chart pattern, and a look at COVID reveals that the company has performed exceptionally well since the pandemic. It keeps getting more expensive until it reaches its all-time high.

The Future Growth of Bank of Baroda

The fact that Bank of Baroda is focusing on expanding its digital banking offerings and enhancing customer satisfaction is a strong indication of its potential for future growth. The Bank of Baroda is a prominent player in the banking industry with solid financial health and promising future prospects. According to our expert assessment, shares of Bank of Baroda are anticipated to perform well in the upcoming years. Long-term investors may benefit from skipping the Bank of Baroda investment.

Bank of Baroda Fundamentals & Quarterly Results

Market Cap	₹ 1,32,826 Cr.
Current Price	₹ 257
High / Low	₹ 300 / 186
Stock P/E	7.08
Book Value	₹ 231
Dividend Yield	2.95 %
ROCE	6.33 %
ROE	16.7 %
Face Value	₹ 2.00
Debt to Equity	12.1
Debt Capacity	-7.14
Debt (preceding year)	₹ 13,42,592 Cr.
Debt	₹ 14,53,761 Cr.
Reserves	₹ 1,18,677 Cr.
EPS	₹ 36.3
EPS (last year)	₹ 36.3
Pledged Percentage	0.00 %
FCF (Prev Ann)	₹ -22,140 Cr.
EV/EBITDA	15.3
Industry PE	9.46
PEG Ratio	0.09
Piotroski Score	6.00
Earnings Yield	6.44 %
Sales Growth (5 Years)	17.5 %

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Bank of Baroda Quarterly Results

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	19,097	20,048	22,424	24,834	27,196	28,003	29,263	30,042	31,072
Interest	9,956	10,496	11,495	13,161	14,790	16,060	17,528	18,002	18,309
Expenses	10,505	8,210	10,408	11,012	10,642	11,040	12,216	10,556	12,269
Financing Profit	-1,363	1,343	522	660	1,764	902	-480	1,484	494
Financing Margin %	-7%	7%	2%	3%	6%	3%	-2%	5%	2%
Other Income	3,373	1,528	3,896	5,519	5,332	5,316	6,503	5,042	6,538
Depreciation	0	0	0	0	0	0	0	0	0
Profit before tax	2,010	2,871	4,418	6,179	7,096	6,217	6,023	6,526	7,033
Tax %	6%	26%	26%	33%	28%	31%	28%	27%	29%
Net Profit	2,053	1,942	3,392	4,356	5,315	4,468	4,426	4,815	5,160
EPS in Rs	3.93	3.76	6.58	8.33	10.16	8.61	8.50	9.26	9.92

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM / 1 Year	Last Year
Compounded Sales Growth	11%	17%	17%	25%
Compounded Profit Growth	14%	77%	144%	26%
Stock Price CAGR	5%	15%	45%	25%
Return on Equity	7%	10%	14%	17%

Bank of Baroda Shareholding Pattern

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters	59.24%	64.03%	63.26%	71.60%	63.97%	63.97%	63.97%	63.97%
FIIs	11.81%	13.94%	9.79%	4.57%	6.89%	9.14%	10.93%	12.40%
DIIs	20.59%	14.03%	18.19%	13.95%	15.90%	15.08%	16.74%	16.04%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.26%
Public	8.36%	8.00%	8.76%	9.88%	13.24%	11.81%	8.10%	7.32%
No. of Shareholders	3,06,622	3,33,358	3,80,199	8,89,288	11,67,220	12,64,079	12,78,020	13,29,618

Bank of Baroda Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹263.9	₹304.9	₹329.5
2025	₹336	₹316	₹377
2026	₹385	₹363	₹434
2027	₹443	₹417	₹498
2028	₹508	₹477	₹570
2029	₹581	₹547	₹654
2030	₹667	₹627	₹748

Bank of Baroda Share Price Target 2025

Month	Target
January	₹336
February	₹343
March	₹350
April	₹338
May	₹327
June	₹316
July	₹329
August	₹342
September	₹356
October	₹363
November	₹370
December	₹377

Bank of Baroda Share Price Target 2026

Month	Target
January	₹385
February	₹393
March	₹401
April	₹388
May	₹375
June	₹363
July	₹378
August	₹393
September	₹409
October	₹417
November	₹425
December	₹434

Bank of Baroda Share Price Target 2027

Month	Target
January	₹443
February	₹452
March	₹461
April	₹446
May	₹431
June	₹417
July	₹434
August	₹451
September	₹469
October	₹478
November	₹488
December	₹498

Bank of Baroda Share Price Target 2028

Month	Target
January	₹508
February	₹518
March	₹528
April	₹510
May	₹493
June	₹477
July	₹496
August	₹516
September	₹537
October	₹548
November	₹559
December	₹570

Bank of Baroda Share Price Target 2029

Month	Target
January	₹581
February	₹593
March	₹605
April	₹585
May	₹566
June	₹547
July	₹569
August	₹592
September	₹616
October	₹628
November	₹641
December	₹654

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Bank of Baroda Share Price Target 2030

Month	Target
January	₹667
February	₹680
March	₹694
April	₹671
May	₹649
June	₹627
July	₹652
August	₹678
September	₹705
October	₹719
November	₹733
December	₹748

Bank of Baroda Stock Good to Buy

Bull Case:

• The Bank of Baroda has experienced steady expansion in both domestic and global markets.
• The bank’s profits have significantly increased.
• The bank’s expansion in a variety of sectors, including agriculture, retail, and small businesses, helps spread the risk.
• As evidence of effective risk management, the bank has fewer bad loans and a strong capacity to cover potential losses.
• The recent rise in the stock indicates that investors have faith in the bank, making it an appealing purchase.

Bear Case:

• Market shifts and economic downturns can have an impact on the banking sector.
• The bank’s operations and profits can be affected by changes in banking regulations or government policies.
• The bank’s growth and market share may be limited by strong rivalry from other financial institutions and banks.

Final Words

When investing in stocks, knowledgeable decisions must be made based on extensive research and professional evaluation. If you’re thinking about buying shares in Bank of Baroda, you’ve come to the right place. From 2024 to 2030, the Bank of Baroda Share Price Target will be discussed in depth in this blog. Our evaluation is entirely based on the company’s growth, general performance, and future possibilities, giving you the information you need to make an informed investment decision.