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Major state-owned Indian public sector bank with a significant international presence, offering retail and corporate banking.
Major state-owned Indian public sector bank with a significant international presence, offering retail and corporate banking.
Earns the gap between loan and deposit rates, plus fees, with an unusually large overseas arm that also lends to and takes deposits from Indian businesses abroad and non-resident Indians. It merged with Vijaya Bank and Dena Bank in 2019. The Indian government holds the majority.
In one line: A state-owned mid-size US regional bank.
Moat: narrow (scale, regulatory licence, distribution). A large domestic and international branch network with government backing supports stable, low-cost deposit funding.
Headquarters: Vadodara, India · Founded: 1908 · Employees: 75,376
Size Bank of Baroda (BANKBARODA.NS) is an India Financials company (Major Banks) with a market value of $13.7B, the 75th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹250.31 on 6 Nov 2026.
Performance Over six months the shares fell 7.4%, against +3.8% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +3.4%); the operating margin is 37.0% (peer median 43.4%).
Valuation It trades at 0.74× book value against a peer median of 1.23× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 13.2%; Bank of Baroda delivers 11.8%, so the price asks more than the business earns today.
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.67T | ₹1.58T | ₹1.53T | ₹1.41T | ₹1.12T |
| Revenue growth | — | +3% | +8% | +25% | — |
| Net income | ₹198B | ₹198B | ₹207B | ₹188B | ₹149B |
| Free cash flow | n/a | ₹364B | ₹307B | ₹309B | ₹384B |
| Capital expenditure | n/a | ₹18.2B | ₹63.3B | ₹13.6B | ₹9.83B |
| Total debt | ₹1.83T | ₹2.80T | ₹2.40T | ₹1.95T | ₹1.71T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of Baroda BANKBARODA.NS | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% |
| Punjab National Bank PNB.NS | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% |
| Canara Bank CANBK.NS | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% |
| State Bank of India SBIN.NS | $99.5B | -7% | +6% | 15% | 1.40× | 20.7% |
| Union Bank of India UNIONBANK.NS | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% |
| Bank of India BANKINDIA.NS | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% |
| Indian Bank INDIANB.NS | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BANKBARODA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | +3.1% | 6th highest of 21 |
| 6-month return | -7.4% | +3.8% | 4th lowest of 21 |
| Return on equity | 11.8% | 14.3% | 10th lowest of 21 |
| Price / book | 0.74× | 1.23× | 6th cheapest of 21 |
| Trailing P/E | 6.5× | 10.6× | 7th cheapest of 19 |
| ROE the price implies | 13.2% | 12.5% | 10th most demanding of 21 |
| ROE delivered | 11.8% | 15.1% | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Baroda BANKBARODA.NS | India | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% | 11.8% |
| Shanghai Rural Commercial Bank 601825.SS | China | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% | 9.6% |
| Bankinter BKT.MC | Spain | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% | 17.6% |
| Indian Bank INDIANB.NS | India | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% | 16.1% |
| Union Bank of India UNIONBANK.NS | India | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% | 16.3% |
| FinecoBank FBK.MI | Italy | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% | 32.3% |
| Punjab National Bank PNB.NS | India | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% | 15.1% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| China Zheshang Bank 2016.HK | Hong Kong | $11.5B | -3% | +1% | 7% | 0.31× | 3.9% | 7.3% |
| WooriFinancialGroup 316140.KS | South Korea | $17.0B | -5% | +37% | 10% | 0.71× | 4.8% | n/a |
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% | 10.2% |
| mBank MBK.WA | Poland | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% | 19.1% |
| First Financial 2892.TW | Taiwan | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% | 10.9% |
| Shinkin Central Bank Pfd Subs Cert 8421.T | Japan | $10.3B | -1% | +47% | 3% | 1.02× | 4.4% | 3.0% |
| UMB Financial UMBF | United States | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% | 13.5% |
| SouthState Bank SSB | United States | $10.1B | +8% | +18% | 10% | 1.11× | 9.3% | 10.3% |
| Banca Mediolanum BMED.MI | Italy | $19.1B | +17% | -34% | 30% | 3.73× | 35.6% | 30.1% |
| Banco de Sabadell SAB.MC | Spain | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% | 5.1% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |
| Banco de Chile Sponsored ADR BCH | United States | $19.6B | +7% | +4% | 22% | 3.15× | 13.6% | 21.8% |