One of the biggest public sector banks in India, BANK OF BARODA, has long been a favorite among investors. It has been a top pick for long-term investors due to its solid fundamentals, stable growth trajectory, and reliable performance. It makes sense for investors to be concerned about the share price of BANK OF BARODA as we approach 2023 and beyond. On an annual basis, Bank of Baroda (BoB) on Tuesday reported a significant increase in its March 2023 quarter earnings. The PSU lender’s Q4 net profit was Rs 4,775 crore, up from Rs 1,779 crore in the same quarter last year by 168.41%. In Q4 FY23, the bank’s interest income increased by year over year (YoY), from Rs 18,174 crore to Rs 25,857 crore. A dividend of Rs 5.5 per share was also announced by the state-owned bank. According to a BoB exchange filing, “The lender’s Board proposed a dividend of Rs 5.50 (Rupees Five and Fifty Paise only) per equity share (Face Value Rs 2 each fully paid up) for the FY 2022–23. This recommendation is pending declaration/approval at the next 27th Annual General Meeting. Compared to the same period the previous year, BoB’s overall income in the March 2023 quarter was Rs 29,322.74 crore vs Rs 20,695.90 crore. Gross NPAs (non-performing assets) as a percentage of advances decreased to 3.79 percent in Q4 from 6.61 percent in Q4 FY22 and 4.53 percent in the December 2022 quarter (Q3FY23). The operating profit margin for the lender increased to 27.53 percent from 27.23 percent year over year and 30.39 percent sequentially. The PSU lender has Rs 95,703.24 crore in cash and cash equivalents as of March 31, 2023.
In this article, we’ll examine the bank’s most recent performance in further detail, evaluate its growth potential, and forecast the share price goal for the subsequent seven years, from 2023 to 2030. We’ll also look at potential influences on the share price of BANK OF BARODA in the future and offer information that will assist investors in making wise choices.
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BANK OF BARODA IN RECENT NEWS
- Currently, Bank of Baroda’s business strategy rivals that of any other private bank: CEO Sanjiv Chadha
- According to a top official on Tuesday, the state-owned Bank of Baroda has put aside 500 crores as provisions to cushion any potential damage if loans to Go Airlines (India) Ltd go bad.
- Launch of the Electronic Bank Guarantee (BG) system by Bank of Baroda: Bank of Baroda has announced its collaboration with National E-Governance Services Limited (NeSL).
- A rise in interest rates on fixed deposits (FDs) of up to 30 basis points on a certain tenor was recently announced by the Bank of Baroda (Bank). These rates apply to deposits under Rs. 2 crore. Additionally, interest rates on the Baroda Tiranga Plus Deposit Scheme were increased. Now offering interest rates up to 7.90% p.a., the 399 Day Baroda Tiranga Plus deposit program also includes 0.50% p.a. for senior persons and 0.15% for non-callable deposits. Additionally, interest rates on the Baroda Tiranga Plus Deposit Scheme were increased. Now offering interest rates up to 7.90% p.a., the 399 Day Baroda Tiranga Plus deposit program also includes 0.50% p.a. for senior persons and 0.15% for non-callable deposits.
BANK OF BARODA SHARE PRICE TARGET 2023
|BANK OF BARODA SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The share price target for May 2023 is the lowest for the year, with the maximum at ₹148.13 and the minimum at ₹113.94. Moving into June, the maximum share price target returns to ₹177.75, with the minimum at ₹136.73. In July, there is a significant increase in the maximum share price target to ₹213.30, while the minimum increases to ₹164.08. August 2023 sees a further increase in the maximum share price target to ₹234.63, while the minimum rises to ₹180.48. In September, the maximum share price target reaches ₹246.36, with the minimum at ₹189.51. October 2023 sees a decrease in the maximum share price target to ₹234.63, with the minimum also falling to ₹180.48. November 2023 is predicted to be the peak month, with the maximum share price target at ₹258.09 and the minimum at ₹198.53. Finally, in December 2023, the maximum share price target reaches ₹289.06, while the minimum is at ₹222.36.
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BANK OF BARODA SHARE PRICE TARGET 2024
|BANK OF BARODA SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The maximum share price target for the year is ₹404.70 in December, while the minimum is ₹209.72 in May. In January 2024, there is a significant increase in the maximum share price target to ₹304.28, while the minimum reaches a staggering ₹1037.03. In February, the maximum target is ₹341.89, with the minimum at ₹284.90. March 2024 sees a further increase in the maximum share price target to ₹359.88, with the minimum at ₹292.58. April has the maximum share price target decrease to ₹327.16, while the minimum falls to ₹251.66. May 2024 sees a significant decrease in the maximum share price target to ₹272.64, with the minimum at ₹209.72. Moving into June, the maximum share price target rises again to ₹327.16, with the minimum at ₹251.66. July 2024 sees the maximum share price target at ₹278.09, while the minimum is at ₹215.57. In August, the maximum share price target rises to ₹305.90, with the minimum at ₹242.78. September 2024 has the maximum share price target increase to ₹321.19, while the minimum reaches ₹247.07. Finally, in October and November 2024, there are further increases in the maximum share price targets, reaching ₹377.87 and ₹396.77, respectively, while the minimums increase to ₹290.67 and ₹305.21.
BANK OF BARODA SHARE PRICE TARGET 2025
|BANK OF BARODA SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Looking at the data for the year 2025, the maximum share price for Bank of Baroda is expected to reach ₹490.91 in December 2025, while the minimum share price is predicted to be ₹284.87 in May 2025. The beginning of the year seems to be showing a positive trend, with the maximum price reaching ₹412.80 in January 2025. The trend is expected to continue, and the maximum share price is predicted to rise steadily over the months to come. In contrast, the minimum price for April 2025 and July 2025 are expected to be at ₹313.36 and ₹298.44, respectively. By the end of the year, the maximum price is expected to be at its highest in November 2025 at ₹481.28. Overall, the year 2025 seems to hold a lot of potential for investors in Bank of Baroda, with the share price expected to show a positive trend throughout the year.
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BANK OF BARODA SHARE PRICE TARGET 2026 TO 2030
|BANK OF BARODA SHARE PRICE TARGET 2026 TO 2030||Maximum Price||Minimum Price|
Looking at the projections for BANK OF BARODA share prices in the coming years, it is expected that the share prices would continue to rise with some fluctuations. In 2026, the share prices are predicted to reach a maximum of ₹343.64 and a minimum of ₹240.55. Moving on to 2027, the maximum and minimum prices are expected to be ₹292.09 and ₹204.46, respectively. The year 2028 could see a significant rise in share prices with a maximum target of ₹525.77 and a minimum target of ₹368.04. In 2029, the prices are expected to soar further with a maximum target of ₹1,080.00 and a minimum target of ₹756.00. Finally, in 2030, the maximum and minimum targets are projected to be ₹1,202.73 and ₹841.91, respectively.
FINANCIAL STRENGTH OF BANK OF BARODA (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-1.37||-2.29||49.83||12.48||3.13|
|Provisions & Contingencies||16,425.69||21,228.63||19,527.67||14,431.54||15,473.62|
|Provisions & Contingencies Growth (%)||-22.62||8.71||35.31||-6.73||44.79|
|Profit after Tax (PAT)||7,849.69||1,547.67||927.75||1,100.10||-1,887.11|
|PAT Growth (%)||429.63||54.31||-13.33||–||-207.58|
|Net Interest Margin (%)||2.57||2.58||2.40||2.48||2.25|
|Net Profit Margin (%)||10.69||2.08||1.17||2.07||-4.09|
|Basic EPS (₹)||15.18||3.32||2.32||4.16||-8.17|
Looking at the financial statement of BANK OF BARODA for the last five years, there has been a mixed performance in terms of profit and loss. The total income for FY2022 was ₹87,780.19 crores, which is a decrease of 1.37% compared to the previous year. However, in the previous year (FY2021), there was a decline of 2.29% in total income compared to FY2020. In FY2020, the company saw a significant growth in total income of 49.83% compared to the previous year.
The company has been able to manage its provisions and contingencies, with a decrease of 22.62% in FY2022 compared to the previous year. However, there was a significant increase of 35.31% in FY2020 compared to FY2019. The profit after tax (PAT) has been volatile, with a huge growth of 429.63% in FY2022 compared to FY2021. In FY2021, there was a growth of 54.31% compared to FY2020, but there was a decline of 13.33% in FY2020 compared to FY2019.
The net interest margin has been relatively stable over the years, with a slight increase in FY2022 compared to the previous year. The net profit margin has been volatile, with a huge increase of 10.69% in FY2022 compared to FY2021, but there was a decline of 4.09% in FY2018. The basic earnings per share (EPS) has been improving, with a growth of 50% in FY2023 compared to FY2022.
In summary, BANK OF BARODA’s financial statement shows mixed results over the last five years with ups and downs in terms of profit and loss, provisions and contingencies, and net profit margin. However, the company has seen significant growth in total income in FY2020 and PAT growth in FY2022. The EPS has been consistently improving, indicating some positive growth in the company.
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Price Target by Experts
Numerous reputable brokerages, including Kotak Institutional Equities, Motilal Oswal, and CLSA, kept a “Buy” recommendation on the stock. After the Q4 show, Macquarie maintained a “Neutral” attitude.
Bank Of Baroda price target by JPMorgan
JPMorgan has maintained an ‘overweight’ rating on Bank of Baroda with a target of Rs 230 per share.
Bank Of Baroda price target by Motilal Oswal
With a target price of 240, Motilal Oswal Financial Services maintained a ‘Buy’ call on the company, indicating a 29% upside potential.
Bank Of Baroda price target by Kotak Equities
The bank is valued at 0.9 times (adjusted) book and 7 times FY25E EPS for RoEs of about 14-15%, according to Kotak Institutional Equities, which also maintained a “Add” recommendation on the company and increased the target price from 185 to 200.
What is the growth percentage in Total Income from FY 2018 to FY 2022?
The growth percentage in Total Income from FY 2018 to FY 2022 is 62.31%.
What is the growth percentage in Provisions & Contingencies from FY 2018 to FY 2022?
The growth percentage in Provisions & Contingencies from FY 2018 to FY 2022 is -35.95%.
What is the highest Profit after Tax (PAT) earned by BANK OF BARODA in the last five years?
The highest Profit after Tax (PAT) earned by BANK OF BARODA in the last five years is ₹7,849.69 crores in FY 2022.
What is the lowest Net Profit Margin (%) earned by BANK OF BARODA in the last five years?
The lowest Net Profit Margin (%) earned by BANK OF BARODA in the last five years is -4.09% in FY 2018.
What is the highest Basic EPS (₹) earned by BANK OF BARODA in the last five years?
The highest Basic EPS (₹) earned by BANK OF BARODA in the last five years is ₹15.18 in FY 2022.
CONCLUSION: BANK OF BARODA SHARE PRICE TARGET
According to Bank of Baroda’s financial disclosures for the previous five years, the company’s income growth and profit margins have decreased. The company’s PAT, however, has significantly increased throughout the course of the current fiscal year. In comparison to prior fiscal years, the provisions and contingencies have also dropped. The corporation still occupies a dominant position in the market, despite oscillations in its revenue growth and profit development throughout the years. Before making any investment decision in Bank of Baroda shares, it is advised to carefully review the company’s financial statements and get guidance from financial professionals. However, investing in the stock market is a personal choice that is susceptible to market hazards.