Today, in this post we’ll discuss Bank of Baroda share latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Bank of Baroda (NSE: BANKBARODA) has given major information in the exchange filing after the market closed.
The bank has made a big decision regarding loan interest rates.
Through the filing, the bank said that from April 12, 2024, it will increase the interest rates for all tenures. The Bank raised the interest rate by 5 points.
According to the filing, “We inform that the bank has decided to change the Marginal Cost of Funds based loan rate (MCLR) with effect from 01.10.2017. The change is expected to go into effect on April 12th, 2024.
The bank has increased the interest on overnight loans with tenure loans to 8.10 percent. The interest rate on one one-month loan has been increased to 8.30 percent.
The interest rates on Marginal Cost of Funds for three months have been increased to 8.45 percent.
Marginal Cost of Funds interest rates have been increased to 8.65 for 6 months. The interest rates on loans given for one year have been increased to 8.85 percent.
About Bank of Baroda Company
Bank of Baroda Limited provides diverse banking services and products to government departments, individuals as well and corporate customers throughout India and around the world.
The company is divided into four segments: Retail Banking, Corporate/Wholesale Banking, and Other Banking Operations.
It provides current and savings accounts; fixed, term, and recurring deposit options; & NRI deposits.
It also provides loans such as vehicles, home, education mudra, gold, mortgage, and personal loans, in addition to loans against public issues or IPOs and securities & professional bridge, composite FCNR, small and medium-term corporate loans & loans for small, micro and medium-sized enterprises.
It provides advance loans, & pensions, and government schemes to its customers such as general insurance, life insurance, and health insurance.
Bank of Baroda Limited was established in 1908 and is located in Vadodara, India.
Fundamental Analysis of Bank of Baroda
| Market Cap | ₹ 1,40,120 Cr. |
| Current Price | ₹ 271 |
| 52-wk High | ₹ 286 |
| 52-wk Low | ₹ 168 |
| Stock P/E | 7.42 |
| Book Value | ₹ 203 |
| Dividend | 2.03 % |
| ROCE | 5.17 % |
| ROE | 15.1 % |
| Face Value | ₹ 2.00 |
| P/B Value | 1.33 |
| OPM | 61.2 % |
| EPS | ₹ 36.5 |
| Debt | ₹ 13,42,592 Cr. |
| Debt to Equity | 12.8 |
Bank of Baroda Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹276 | ₹312 |
| 2025 | ₹315 | ₹342 |
| 2026 | ₹354 | ₹379 |
| 2027 | ₹400 | ₹454 |
| 2028 | ₹465 | ₹500 |
| 2029 | ₹521 | ₹543 |
| 2030 | ₹600 | ₹612 |
Bank of Baroda Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 63.97% |
| Mar 2023 | 63.97% |
| June 2023 | 63.97% |
| Sept 2023 | 63.97% |
| Dec 2023 | 63.97% |
| FII Holding | |
| Dec 2022 | 9.97% |
| Mar 2023 | 10.93% |
| June 2023 | 12.29% |
| Sept 2023 | 12.39% |
| Dec 2023 | 12.27% |
| DII Holding | |
| Dec 2022 | 17.69% |
| Mar 2023 | 16.74% |
| June 2023 | 15.77% |
| Sept 2023 | 15.74% |
| Dec 2023 | 15.75% |
| Govt. Holding | |
| Dec 2022 | 0.26% |
| Mar 2023 | 0.26% |
| June 2023 | 0.26% |
| Sept 2023 | 0.26% |
| Dec 2023 | 0.26% |
| Public Holding | |
| Dec 2022 | 8.12% |
| Mar 2023 | 8.10% |
| June 2023 | 7.70% |
| Sept 2023 | 7.64% |
| Dec 2023 | 7.76% |
Bank of Baroda Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 52,906 Cr |
| 2020 | ₹ 78,895 Cr |
| 2021 | ₹ 74,314 Cr |
| 2022 | ₹ 73,385 Cr |
| 2023 | ₹ 114,503 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,166 Cr |
| 2020 | ₹ 981 Cr |
| 2021 | ₹ 1,620 Cr |
| 2022 | ₹ 7,933 Cr |
| 2023 | ₹ 19,024 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 12% |
| 5 Years: | 58% |
| 3 Years: | 153% |
| Current Year: | 62% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | 10% |
| 5 Years: | 15% |
| 3 Years: | 60% |
| Current Year: | 33% |
Conclusion
This article is a complete guide about Bank of Baroda Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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