Bank Of Baroda, incorporated in the year 1911, is a Banking company (having a market cap of Rs 42560.31 Crore).
For the quarter ended 31-03-2021, the company reported a consolidated total income of Rs 23762.09 crore, up 7.66% from the previous quarter total income of Rs 22070.52 crore and 5.6% over the corresponding quarter of last year. Total income of Rs 22589.84 crore, up 19%. The bank reported a net profit after tax of Rs-740.79 crore in the latest quarter.
The brokerage expects BOB to post an ROA of 0.6%/8.7% by FY23E, on account of stable balance sheet growth with high PCR and stable asset quality. It values the Standalone Bank at a PBV of 0.8xFY23E Adj. BVPS of Rs 134 to reach price target of Rs 107.
In the fourth quarter ended March 31, 2021, promoters held 63.97 per cent stake in the company, while FII held 6.89 per cent, DII 15.52 per cent and public and others 13.62 per cent.
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