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Last Updated on: 25 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Bank of India: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:32 pm

Market Cap 46,920 Cr.
Current Price 103
High / Low158/96.0
Stock P/E6.00
Book Value 155
Dividend Yield2.72 %
ROCE5.69 %
ROE9.98 %
Face Value 10.0
PEG Ratio0.07

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bank of India

Competitors of Bank of India

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Union Bank of India 87,817 Cr. 115172/1075.72 1283.13 %6.55 %15.6 % 10.0
UCO Bank 50,060 Cr. 41.970.7/36.822.9 22.90.67 %5.34 %6.22 % 10.0
State Bank of India (SBI) 7,28,294 Cr. 816912/5619.51 4651.68 %6.16 %17.3 % 1.00
Punjab National Bank 1,14,723 Cr. 99.8143/75.67.93 1001.50 %5.46 %8.54 % 2.00
Punjab & Sind Bank 31,849 Cr. 47.077.5/40.247.2 22.90.43 %5.59 %3.88 % 10.0
Industry Average125,833.42 Cr189.1412.66148.891.96%5.88%12.90%7.25

All Competitor Stocks of Bank of India

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue10,2999,4169,3749,5809,4239,90310,04311,54512,79613,54814,44215,06215,319
Interest6,5266,4106,1966,0135,9875,8885,9156,4337,1447,9488,4679,2569,792
Expenses4,8164,5514,4373,9393,5574,7014,4095,3135,2916,5904,5794,5464,190
Financing Profit-1,043-1,545-1,259-371-122-685-281-201360-9901,3961,2601,337
Financing Margin %-10%-16%-13%-4%-1%-7%-3%-2%3%-7%10%8%9%
Other Income1,9031,8372,3352,1781,8471,6501,1651,4561,4223,1681,4841,7171,202
Depreciation0000000000000
Profit before tax8602911,0761,8071,7269658841,2551,7822,1782,8802,9772,539
Tax %37%5%35%41%43%33%34%40%35%36%48%50%25%
Net Profit610837361,0739926876598539151,4131,5621,4991,931
EPS in Rs1.860.251.992.612.431.681.602.082.233.443.813.654.24
Gross NPA %
Net NPA %

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue28,61132,09638,12543,68542,09339,58538,31341,00542,59140,85438,28147,93255,848
Interest20,21622,96027,17032,22030,24527,60627,67927,20727,19126,42124,08327,44132,815
Expenses7,9539,71411,47313,60019,84221,21824,61826,87426,38617,67216,26321,17721,007
Financing Profit442-579-518-2,135-7,994-9,239-13,984-13,076-10,987-3,239-2,065-6862,026
Financing Margin %2%-2%-1%-5%-19%-23%-36%-32%-26%-8%-5%-1%4%
Other Income3,3193,7854,3194,2783,6726,8195,8464,8626,6876,7788,0927,1687,792
Depreciation175189234291290-75223733923803724270
Profit before tax3,5863,0173,5671,852-4,612-2,412-8,660-8,587-4,6923,1605,6556,0569,818
Tax %25%9%23%6%-37%34%30%37%35%34%38%37%
Net Profit2,7332,8182,9882,015-6,276-1,492-5,982-5,426-3,0512,0813,4873,8395,389
EPS in Rs47.4947.3246.5030.27-75.98-13.94-34.20-19.67-9.316.368.519.3513.13
Dividend Payout %15%21%11%17%-0%-0%-0%-0%-0%-0%24%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)3.11%6.03%-32.56%-411.46%76.23%-300.94%9.29%43.77%168.21%67.56%10.09%
Change in YoY Net Profit Growth (%)0.00%2.92%-38.60%-378.90%487.69%-377.17%310.23%34.48%124.44%-100.64%-57.47%

Bank of India has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:8%
3 Years:14%
TTM:18%
Compounded Profit Growth
10 Years:8%
5 Years:26%
3 Years:48%
TTM:45%
Stock Price CAGR
10 Years:-10%
5 Years:6%
3 Years:22%
1 Year:0%
Return on Equity
10 Years:-1%
5 Years:5%
3 Years:8%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital5976436668171,0551,7442,7603,2783,2784,1044,1044,553
Reserves23,87430,13131,85732,52832,57435,01344,89241,79546,70352,41856,32966,028
Borrowings418,500527,123574,581566,826581,844566,595566,820597,139661,562656,802737,209821,572
Other Liabilities13,35120,12618,04616,45716,55311,83316,40920,80521,24429,80728,39332,127
Total Liabilities456,323578,022625,150616,628632,026615,184630,881663,017732,786743,131826,036924,280
Fixed Assets2,8075,6785,8028,3828,3498,1928,7998,7658,6379,5709,95010,178
CWIP94143113191197158200293364286110150
Investments96,388116,490123,196122,621130,751140,321150,905162,323191,693180,274211,324234,592
Other Assets357,034455,712496,040485,435492,729466,513470,977491,636532,092553,001604,652679,361
Total Assets456,323578,022625,150616,628632,026615,184630,881663,017732,786743,131826,036924,280

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +20,6326,45214,63818,311-6,624-7,366-9,218-4,82737,868-35,487-7,045-4,437
Cash from Investing Activity +-388-814-755-609-371-26071-232-182-644-521-991
Cash from Financing Activity +-3317451,2954,8643,9557,1857,983-3,1922,3981,1465413,868
Net Cash Flow19,9136,38315,17922,566-3,040-440-1,164-8,25140,085-34,985-7,026-1,560

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow7.00-409.00-516.00-561.00-547.00-560.00-542.00-540.00-571.00-644.00-640.00-716.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %12%11%6%-19%-4%-17%-14%-7%4%6%6%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters81.41%81.41%81.41%81.41%81.41%81.41%81.41%81.41%73.38%73.38%73.38%73.38%
FIIs0.78%0.72%0.75%1.12%2.23%2.67%2.25%2.92%4.31%4.52%3.61%3.21%
DIIs11.25%11.07%11.14%10.84%10.56%10.36%9.90%9.55%14.65%15.82%15.46%16.26%
Public6.55%6.80%6.70%6.64%5.80%5.57%6.44%6.11%7.65%6.27%7.55%7.13%
No. of Shareholders4,98,5735,12,5525,09,5834,98,7404,71,4834,77,5684,97,9105,16,2025,77,9926,17,2387,05,5996,92,229

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Pure Value Fund7,063,9911.5977.286,839,6132024-11-243.28%
Aditya Birla Sun Life Banking And Financial Services Fund6,996,3132.6476.546,839,6132024-11-242.29%
Aditya Birla Sun Life PSU Equity Fund6,839,6135.2774.836,839,6132024-11-240%
Nippon India ETF Nifty PSU Bank BeES6,788,4324.4174.276,839,6132024-11-24-0.75%
Kotak Nifty PSU Bank ETF4,973,0534.4254.416,839,6132024-11-24-27.29%
Aditya Birla Sun Life Small Cap Fund3,910,5070.9242.786,839,6132024-11-24-42.83%
SBI PSU Fund3,000,0003.932.826,839,6132024-11-24-56.14%
Aditya Birla Sun Life Dividend Yield Fund1,606,2481.7117.576,839,6132024-11-24-76.52%
Sundaram Mid Cap Fund1,000,0000.1210.946,839,6132024-11-24-85.38%
Sundaram Mid Cap Fund - Institutional Plan1,000,0000.1210.946,839,6132024-11-24-85.38%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.489.359.076.36-9.39
Diluted EPS (Rs.)15.489.359.076.35-9.39
Cash EPS (Rs.)15.1410.509.207.87-7.74
Book Value[Excl.RevalReserv]/Share (Rs.)139.91130.30120.70124.10118.08
Book Value[Incl.RevalReserv]/Share (Rs.)155.01147.24137.71143.33137.52
Operating Revenue / Share (Rs.)134.13116.7893.27124.64129.94
Net Profit / Share (Rs.)14.029.468.306.71-8.94
Net Profit After MI / Share (Rs.)14.429.358.516.35-9.31
Net Profit Margin (%)10.458.098.895.38-6.87
Net Profit After MI And SOA Nargin (%)10.748.009.125.09-7.16
Operating Profit Margin (%)0.24-6.94-12.02-12.96-22.86
Return On Assets (%)0.710.460.460.28-0.46
Return On Equity / Networth (%)10.307.177.045.12-7.88
Net Interest Margin (X)2.522.481.911.962.32
Cost To Income (%)51.7951.8840.6140.8050.88
Interest Income / Total Assets (%)6.605.805.155.576.42
Non-Interest Income / Total Assets (%)0.670.871.071.021.02
Operating Profit / Total Assets (%)0.01-0.40-0.61-0.72-1.46
Operating Expenses / Total Assets (%)1.651.741.631.501.60
Interest Expenses / Total Assets (%)4.083.323.243.604.10
Enterprise Value (Rs.Cr.)845059.44723548.52635089.78622871.03578262.81
EV Per Net Sales (X)13.8415.1016.5915.2513.58
Price To Book Value (X)0.970.570.370.540.27
Price To Sales (X)1.020.640.490.540.24
Retention Ratios (%)87.4978.61100.00100.00100.00
Earnings Yield (X)0.100.120.180.09-0.28

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bank of India as of November 25, 2024 is: 95.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 25, 2024, Bank of India is Overvalued by 7.44% compared to the current share price 103.00

Intrinsic Value of Bank of India as of November 25, 2024 is: 179.17

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 25, 2024, Bank of India is Undervalued by 73.95% compared to the current share price 103.00

Last 5 Year EPS CAGR: 87.93%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bank of India:
    1. Net Profit Margin: 10.45%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0% (Industry Average ROCE: 5.88%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 12.9%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 6 (Industry average Stock P/E: 12.66)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Bank of India is a Public Limited Listed company incorporated on 07/09/1906 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is U99999MH1906PLC000243 and registration number is 000243. Currently company belongs to the Industry of Finance - Banks - Public Sector. Company’s Total Operating Revenue is Rs. 38075.83 Cr. and Equity Capital is Rs. 4104.31 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorStar House, C-5, `G' Block, Mumbai Maharashtra 400051headoffice.share@bankofindia.co.in
http://www.bankofindia.co.in
Management
NamePosition Held
Mr. M R KumarNon Executive Chairman
Mr. Rajneesh KarnatakManaging Director & CEO
Mr. P R RajagopalExecutive Director
Mr. M KarthikeyanExecutive Director
Mr. Rajiv MishraExecutive Director
Mr. Subrat KumarExecutive Director
Mrs. Veni ThaparShareholder Director
Mr. V V ShenoyShareholder Director
Mr. Munish Kumar RalhanPart Time Non Official Director
Dr. Bhushan Kumar SinhaGovernment Nominee Director
Mr. Ashok NarainNominee Director

FAQ

What is the latest intrinsic value of Bank of India?

The latest intrinsic value of Bank of India as on 24 November 2024 is ₹95.34, which is 7.44% lower than the current market price of ₹103.00.

What is the Market Cap of Bank of India?

The Market Cap of Bank of India is 46,920 Cr..

What is the current Stock Price of Bank of India as on 24 November 2024?

The current stock price of Bank of India as on 24 November 2024 is 103.

What is the High / Low of Bank of India stocks in FY 2024?

In FY 2024, the High / Low of Bank of India stocks is 158/96.0.

What is the Stock P/E of Bank of India?

The Stock P/E of Bank of India is 6.00.

What is the Book Value of Bank of India?

The Book Value of Bank of India is 155.

What is the Dividend Yield of Bank of India?

The Dividend Yield of Bank of India is 2.72 %.

What is the ROCE of Bank of India?

The ROCE of Bank of India is 5.69 %.

What is the ROE of Bank of India?

The ROE of Bank of India is 9.98 %.

What is the Face Value of Bank of India?

The Face Value of Bank of India is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bank of India. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE