By Helgi Library - November 2, 2019
Bank of Baroda stock traded at INR 111 per share at the end 2018 implying a market capitalization of USD 4,877 mil. Since the end of 20...
By Helgi Library - November 2, 2019
Bank of Baroda stock traded at INR 111 per share at the end 2018 implying a market capitalization of USD 4,877 mil. Since the end of 20...
By Helgi Library - November 2, 2019
Bank of Baroda's capital adequacy ratio reached 14.5% at the end of 2018, up from 12.9% compared to the previous year. Histor...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR bil | 31.7 | 53.3 | 62.3 |
| Net Fee Income | INR bil | 16.9 | 19.3 | 21.4 |
| Other Income | INR bil | 179 | 175 | 199 |
| Total Revenues | INR bil | 227 | 248 | 283 |
| Operating Profit | INR bil | 124 | 135 | 155 |
| Provisions | INR bil | 107 | 155 | 144 |
| Net Profit | INR bil | 18.1 | -18.9 | 11.0 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR bil | 1,302 | 734 | 697 |
| Customer Loans | INR bil | 3,923 | 4,379 | 4,842 |
| Total Assets | INR bil | 7,192 | 7,478 | 8,197 |
| Shareholders' Equity | INR bil | 433 | 468 | 553 |
| Interbank Borrowing | INR bil | 22.0 | 20.4 | 19.3 |
| Customer Deposits | INR bil | 6,173 | 6,075 | 6,656 |
| Issued Debt Securities | INR bil | 312 | 649 | 689 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 4.22 | -4.19 | 2.15 |
| ROA | % | 0.257 | -0.257 | 0.140 |
| Costs (As % Of Assets) | % | 1.47 | 1.54 | 1.63 |
| Costs (As % Of Income) | % | 45.5 | 45.7 | 45.2 |
| Capital Adequacy Ratio | % | 12.8 | 12.9 | 14.5 |
| Net Interest Margin | % | 0.449 | 0.727 | 0.794 |
| Loans (As % Of Deposits) | % | 63.5 | 72.1 | 72.7 |
| NPLs (As % Of Loans) | % | 10.2 | 12.0 | 9.33 |
| Provisions (As % Of NPLs) | % | 57.7 | 58.4 | 67.6 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 22.0 | ... | 30.9 | |
| Price/Book Value (P/BV) | 0.920 | 0.804 | 0.615 | |
| Dividend Yield | % | 0.694 | 0 | 0 |
| Earnings Per Share (EPS) | INR | 7.88 | -8.17 | 3.58 |
| Book Value Per Share | INR | 188 | 203 | 180 |
| Dividend Per Share | INR | 1.20 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||||
| Net Interest Income | INR bil | 40.7 | 35.6 | 37.6 | 23.6 | 31.7 | ||||||||||||
| Total Revenues | INR bil | 165 | 184 | 198 | 197 | 227 | ||||||||||||
| Operating Profit | INR bil | 87.8 | 95.5 | 104 | 73.6 | 124 | ||||||||||||
| Net Profit | INR bil | 48.0 | 50.0 | 39.1 | -50.7 | 18.1 | ||||||||||||
| balance sheet | ||||||||||||||||||
| Interbank Loans | INR bil | 736 | 1,149 | 1,281 | 1,142 | 1,302 | ||||||||||||
| Customer Loans | INR bil | 3,336 | 4,037 | 4,354 | 3,915 | 3,923 | ||||||||||||
| Debt Securities | INR bil | 1,251 | 1,215 | 1,295 | 1,281 | 1,398 | ||||||||||||
| Total Assets | INR bil | 5,594 | 6,761 | 7,340 | 6,912 | 7,192 | ||||||||||||
| Shareholders' Equity | INR bil | 334 | 380 | 422 | 427 | 433 | ||||||||||||
| Interbank Borrowing | INR bil | 754 | 1,100 | 1,153 | 856 | 22.0 | ||||||||||||
| Customer Deposits | INR bil | 4,087 | 4,717 | 5,169 | 5,028 | 6,173 | ||||||||||||
| Issued Debt Securities | INR bil | 266 | 370 | 355 | 338 | 312 | ||||||||||||
| ratios | ||||||||||||||||||
| ROE | % | 15.5 | 14.0 | 9.75 | -11.9 | 4.22 | ||||||||||||
| ROA | % | 0.945 | 0.810 | 0.555 | -0.711 | 0.257 | ||||||||||||
| Costs (As % Of Assets) | % | 1.51 | 1.43 | 1.34 | 1.73 | 1.47 | ||||||||||||
| Costs (As % Of Income) | % | 46.7 | 48.1 | 47.7 | 62.6 | 45.5 | ||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | 13.3 | 12.3 | 13.1 | 13.6 | 12.8 | |||||||||
| Net Interest Margin | % | 0.800 | 0.577 | 0.534 | 0.331 | 0.449 | ||||||||||||
| Interest Income (As % Of Revenues) | % | 24.7 | 19.4 | 19.0 | 12.0 | 13.9 | ||||||||||||
| Fee Income (As % Of Revenues) | % | 7.98 | 8.16 | 7.90 | 8.09 | 7.44 | ||||||||||||
| Equity (As % Of Assets) | % | 5.97 | 5.62 | 5.75 | 6.18 | 6.02 | ||||||||||||
| Loans (As % Of Deposits) | % | 81.6 | 85.6 | 84.2 | 77.9 | 63.5 | ||||||||||||
| Loans (As % Assets) | % | 59.6 | 59.7 | 59.3 | 56.6 | 54.5 | ||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | 2.37 | 2.90 | 3.67 | 9.82 | 10.2 | |||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | 47.5 | 49.2 | 50.4 | 52.1 | 57.7 | ||||||
| valuation | ||||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | 5,193 | 5,008 | 5,735 | 5,107 | 5,864 | ||||||||||||
| Number Of Shares (Average) | mil | 2,058 | 2,114 | 2,147 | 2,258 | 2,304 | ||||||||||||
| Share Price (End Of Period) | INR | 138 | 146 | 168 | 150 | 173 | ||||||||||||
| Earnings Per Share (EPS) | INR | 23.3 | 23.7 | 18.2 | -22.4 | 7.88 | ||||||||||||
| Book Value Per Share | INR | 162 | 180 | 197 | 189 | 188 | ||||||||||||
| Dividend Per Share | INR | 4.40 | 4.37 | 3.30 | 0 | 1.20 | ||||||||||||
| Price/Earnings (P/E) | 5.92 | 6.19 | 9.24 | ... | 22.0 | ... | ||||||||||||
| Price/Book Value (P/BV) | 0.852 | 0.814 | 0.857 | 0.793 | 0.920 | |||||||||||||
| Dividend Yield | % | 3.18 | 2.98 | 1.96 | 0 | 0.694 | ||||||||||||
| Earnings Per Share Growth | % | ... | -12.9 | 1.33 | -23.0 | -223 | -135 | |||||||||||
| Book Value Per Share Growth | % | ... | 11.0 | 10.8 | 9.35 | -3.81 | -0.598 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||||
| Interest Income | INR bil | 286 | 312 | 343 | 345 | 328 | ||||||||||||
| Interest Cost | INR bil | 245 | 276 | 305 | 321 | 296 | ||||||||||||
| Net Interest Income | INR bil | 40.7 | 35.6 | 37.6 | 23.6 | 31.7 | ||||||||||||
| Net Fee Income | INR bil | 13.1 | 15.0 | 15.6 | 15.9 | 16.9 | ||||||||||||
| Other Income | INR bil | 111 | 133 | 145 | 157 | 179 | ||||||||||||
| Total Revenues | INR bil | 165 | 184 | 198 | 197 | 227 | ||||||||||||
| Operating Cost | INR bil | 76.8 | 88.6 | 94.4 | 123 | 103 | ||||||||||||
| Operating Profit | INR bil | 87.8 | 95.5 | 104 | 73.6 | 124 | ||||||||||||
| Provisions | INR bil | 35.1 | 34.9 | 43.9 | 136 | 107 | ||||||||||||
| Extra and Other Cost | INR bil | -0.027 | 0.619 | < 0.001 | -0.022 | -0.780 | ||||||||||||
| Pre-Tax Profit | INR bil | 52.7 | 60.0 | 59.8 | -62.3 | 17.8 | ||||||||||||
| Tax | INR bil | 4.44 | 10.7 | 21.5 | -11.8 | 0 | ||||||||||||
| Minorities | INR bil | 0.248 | 0.357 | 0.387 | 0.347 | 0.400 | ||||||||||||
| Net Profit | INR bil | 48.0 | 50.0 | 39.1 | -50.7 | 18.1 | ||||||||||||
| Dividends | INR bil | 9.06 | 9.23 | 7.08 | 0 | 2.76 | ||||||||||||
| growth rates | ||||||||||||||||||
| Net Interest Income Growth | % | ... | -6.02 | -12.4 | 5.62 | -37.4 | 34.4 | |||||||||||
| Net Fee Income Growth | % | ... | 3.07 | 14.5 | 4.11 | 1.73 | 6.22 | |||||||||||
| Total Revenue Growth | % | ... | 10.8 | 11.8 | 7.63 | -0.687 | 15.5 | |||||||||||
| Operating Cost Growth | % | ... | 18.8 | 15.4 | 6.54 | 30.5 | -16.0 | |||||||||||
| Operating Profit Growth | % | ... | 4.59 | 8.72 | 8.63 | -29.1 | 68.4 | |||||||||||
| Pre-Tax Profit Growth | % | ... | -17.1 | 13.7 | -0.219 | -204 | -129 | |||||||||||
| Net Profit Growth | % | ... | -8.47 | 4.09 | -21.8 | -230 | -136 | |||||||||||
| market share | ||||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.98 | 6.83 | 6.53 | 5.84 | 5.65 | ... | ||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.12 | 9.27 | 7.17 | ... | ... | ... | ... |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||||||||||||
| Cash | INR bil | 142 | 194 | 236 | 228 | 239 | ||||||||||||
| Interbank Loans | INR bil | 736 | 1,149 | 1,281 | 1,142 | 1,302 | ||||||||||||
| Customer Loans | INR bil | 3,336 | 4,037 | 4,354 | 3,915 | 3,923 | ||||||||||||
| Debt Securities | INR bil | 1,251 | 1,215 | 1,295 | 1,281 | 1,398 | ||||||||||||
| Fixed Assets | INR bil | 25.5 | 28.5 | 29.8 | 63.6 | 59.3 | ||||||||||||
| Total Assets | INR bil | 5,594 | 6,761 | 7,340 | 6,912 | 7,192 | ||||||||||||
| Shareholders' Equity | INR bil | 334 | 380 | 422 | 427 | 433 | ||||||||||||
| Of Which Minority Interest | INR bil | 1.10 | 1.58 | 1.87 | 1.94 | 2.33 | ||||||||||||
| Liabilities | INR bil | 5,260 | 6,381 | 6,918 | 6,485 | 6,759 | ||||||||||||
| Interbank Borrowing | INR bil | 754 | 1,100 | 1,153 | 856 | 22.0 | ||||||||||||
| Customer Deposits | INR bil | 4,087 | 4,717 | 5,169 | 5,028 | 6,173 | ||||||||||||
| Sight Deposits | INR bil | 351 | 489 | 517 | 344 | 437 | ||||||||||||
| Term Deposits | INR bil | 3,735 | 4,228 | 4,651 | 4,684 | 5,735 | ||||||||||||
| Issued Debt Securities | INR bil | 266 | 370 | 355 | 338 | 312 | ||||||||||||
| Other Liabilities | INR bil | 153 | 194 | 241 | 262 | 252 | ||||||||||||
| asset quality | ||||||||||||||||||
| Non-Performing Loans | INR bil | ... | ... | ... | 79.8 | 119 | 163 | 405 | 427 | |||||||||
| Gross Loans | INR bil | 3,374 | 4,096 | 4,436 | 4,126 | 4,169 | ||||||||||||
| Total Provisions | INR bil | ... | ... | ... | ... | ... | ... | 37.9 | 58.4 | 81.9 | 211 | 246 | ||||||
| growth rates | ||||||||||||||||||
| Customer Loan Growth | % | ... | 14.2 | 21.0 | 7.85 | -10.1 | 0.198 | |||||||||||
| Total Asset Growth | % | ... | 22.3 | 20.9 | 8.56 | -5.83 | 4.06 | |||||||||||
| Shareholders' Equity Growth | % | ... | 16.7 | 13.8 | 11.0 | 1.17 | 1.41 | |||||||||||
| Customer Deposit Growth | % | ... | 20.8 | 15.4 | 9.57 | -2.71 | 22.8 | |||||||||||
| market share | ||||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | 6.04 | 6.28 | 6.14 | 4.91 | 4.75 | ... | |||||||||
| Market Share in Total Assets | % | 6.44 | 6.68 | 6.59 | 5.48 | 5.06 | ... | |||||||||||
| Market Share in Customer Deposits | % | 6.49 | 6.55 | 6.33 | 5.50 | 5.80 | ... |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | ||||||||||||||||||
| ROE | % | 15.5 | 14.0 | 9.75 | -11.9 | 4.22 | ||||||||||||
| ROA | % | 0.945 | 0.810 | 0.555 | -0.711 | 0.257 | ||||||||||||
| Costs (As % Of Assets) | % | 1.51 | 1.43 | 1.34 | 1.73 | 1.47 | ||||||||||||
| Costs (As % Of Income) | % | 46.7 | 48.1 | 47.7 | 62.6 | 45.5 | ||||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | 13.3 | 12.3 | 13.1 | 13.6 | 12.8 | |||||||||
| Tier 1 Ratio | % | ... | ... | ... | 10.1 | 9.28 | 9.87 | 10.8 | 10.6 | |||||||||
| Net Interest Margin | % | 0.800 | 0.577 | 0.534 | 0.331 | 0.449 | ||||||||||||
| Interest Spread | % | ... | 0.487 | 0.303 | 0.273 | 0.045 | 0.177 | |||||||||||
| Asset Yield | % | 5.62 | 5.05 | 4.87 | 4.84 | 4.65 | ||||||||||||
| Cost Of Liabilities | % | ... | 5.13 | 4.74 | 4.59 | 4.79 | 4.47 | |||||||||||
| Payout Ratio | % | 18.9 | 18.5 | 18.1 | 0 | 15.2 | ||||||||||||
| Interest Income (As % Of Revenues) | % | 24.7 | 19.4 | 19.0 | 12.0 | 13.9 | ||||||||||||
| Fee Income (As % Of Revenues) | % | 7.98 | 8.16 | 7.90 | 8.09 | 7.44 | ||||||||||||
| Other Income (As % Of Revenues) | % | 67.3 | 72.5 | 73.1 | 79.9 | 78.6 | ||||||||||||
| Equity (As % Of Assets) | % | 5.97 | 5.62 | 5.75 | 6.18 | 6.02 | ||||||||||||
| Loans (As % Of Deposits) | % | 81.6 | 85.6 | 84.2 | 77.9 | 63.5 | ||||||||||||
| Loans (As % Assets) | % | 59.6 | 59.7 | 59.3 | 56.6 | 54.5 | ||||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | 2.37 | 2.90 | 3.67 | 9.82 | 10.2 | |||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | 47.5 | 49.2 | 50.4 | 52.1 | 57.7 | ||||||
| Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | 1.14 | 1.45 | 1.88 | 5.39 | 6.28 | ||||||
| Cost of Provisions (As % Of Loans) | % | 1.12 | 0.947 | 1.05 | 3.29 | 2.73 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||||||||||||
| Employees | 43,108 | 46,001 | 49,378 | 52,021 | ... | ... | ... | |||||||||||
| Sight (As % Of Customer Deposits) | % | 8.60 | 10.4 | 10.0 | 6.85 | 7.09 |
Get all company financials in excel:
By Helgi Library - November 2, 2019
Bank of Baroda's capital adequacy ratio reached 14.5% at the end of 2018, up from 12.9% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 14.7% in 2011 and an all time low of 12.3% in 2013. The Tier 1 ratio amounted...
By Helgi Library - November 2, 2019
Bank of Baroda made a net profit of INR 11.0 bil under revenues of INR 283 bil in 2018, up 158% and 14.0% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of INR 52.5 bil in 2011 and an all time low of INR -50.7...
By Helgi Library - November 2, 2019
Bank of Baroda's non-performing loans reached 9.33% of total loans at the end of 2018, down from 12.0% compared to the previous year. Historically, the NPL ratio hit an all time high of 12.0% in 2017 and an all time low of 0.013% in 2009. Provision coverage...
By Helgi Library - November 2, 2019
Bank of Baroda's non-performing loans reached 9.33% of total loans at the end of 2018, down from 12.0% compared to the previous year. Historically, the NPL ratio hit an all time high of 12.0% in 2017 and an all time low of 0.013% in 2009. Provision coverage...
By Helgi Library - November 2, 2019
Bank of Baroda generated total banking revenues of INR 283 bil in 2018, up 14% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 283 bil in 2018 and an all ...
By Helgi Library - November 2, 2019
Bank of Baroda generated total banking revenues of INR 283 bil in 2018, up 14% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 283 bil in 2018 and an all ...
By Helgi Library - November 2, 2019
Bank of Baroda made a net profit of INR 11.0 bil under revenues of INR 283 bil in 2018, up 158% and 14.0% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of INR 52.5 bil in 2011 and an all time low of INR -50.7...
By Helgi Library - November 2, 2019
Bank of Baroda's net interest margin amounted to 0.794% in 2018, up from 0.727% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 1.28% in 2010 and an all time low of -0.406% in 2003. The average mar...
By Helgi Library - November 2, 2019
Bank of Baroda's net interest margin amounted to 0.794% in 2018, up from 0.727% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 1.28% in 2010 and an all time low of -0.406% in 2003. The average mar...
By Helgi Library - November 2, 2019
Bank of Baroda stock traded at INR 111 per share at the end of 2018 implying a market capitalization of USD 4,877 mil. Since the end of 2013, the stock has depreciated by -24.4 % implying an annual average growth of -5.43 %. In absolute terms, the value of the company...
Bank of Baroda has been growing its revenues and asset by 13.1% and 13.5% a year on average in the last 10 years. Its loans and deposits have grown by 12.8% and 14.0% a year during that time and loans to deposits ratio reached 72.7% at the end of 2018. The company achieved an average return on equity of 9.57% in the last decade with net profit growing -7.44% a year on average. In terms of operating efficiency, its cost to income ratio reached 45.2% in 2018, compared to 46.9% average in the last decade.
Equity represented 6.75% of total assets or 11.4% of loans at the end of 2018. Bank of Baroda's non-performing loans were 9.33% of total loans while provisions covered some 67.6% of NPLs at the end of 2018.
Bank of Baroda stock traded at INR 111 per share at the end of 2018 resulting in a market capitalization of USD 4,877 mil. Over the previous five years, stock price fell by 24.4% or 5.43% a year on average. That’s compared to an average ROE of < 0.001% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 30.9x and price to book value (PBV) of 0.615x in 2018.
Helgi Library 
