Bank of India Limited

NSEI:BANKINDIA Stock Report

Market Cap: ₹469.3b

Bank of India Valuation

Is BANKINDIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BANKINDIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BANKINDIA (₹103.06) is trading above our estimate of fair value (₹95.28)

Significantly Below Fair Value: BANKINDIA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BANKINDIA?

Key metric: As BANKINDIA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BANKINDIA. This is calculated by dividing BANKINDIA's market cap by their current earnings.
What is BANKINDIA's PE Ratio?
PE Ratio6x
Earnings₹78.14b
Market Cap₹469.32b

Price to Earnings Ratio vs Peers

How does BANKINDIA's PE Ratio compare to its peers?

The above table shows the PE ratio for BANKINDIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
FEDERALBNK Federal Bank
12.4x13.2%₹513.5b
UCOBANK UCO Bank
22.9xn/a₹500.6b
CENTRALBK Central Bank of India
13.3xn/a₹454.2b
539437 IDFC First Bank
20.3x40.0%₹469.5b
BANKINDIA Bank of India
6x2.8%₹469.3b

Price-To-Earnings vs Peers: BANKINDIA is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does BANKINDIA's PE Ratio compare vs other companies in the IN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
BANKINDIA 6.0xIndustry Avg. 9.6xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BANKINDIA is good value based on its Price-To-Earnings Ratio (6x) compared to the Indian Banks industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is BANKINDIA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BANKINDIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio8.9x

Price-To-Earnings vs Fair Ratio: BANKINDIA is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BANKINDIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹103.06
₹129.20
+25.4%
10.6%₹145.00₹110.00n/a5
Nov ’25₹110.18
₹143.00
+29.8%
15.8%₹170.00₹110.00n/a5
Oct ’25₹110.89
₹144.60
+30.4%
15.0%₹170.00₹110.00n/a5
Sep ’25₹117.74
₹147.60
+25.4%
11.7%₹170.00₹125.00n/a5
Aug ’25₹126.11
₹150.83
+19.6%
11.1%₹170.00₹125.00n/a6
Jul ’25₹121.01
₹151.00
+24.8%
11.0%₹170.00₹125.00n/a6
Jun ’25₹128.70
₹151.00
+17.3%
11.0%₹170.00₹125.00n/a6
May ’25₹155.10
₹149.17
-3.8%
14.7%₹170.00₹113.00n/a6
Apr ’25₹140.85
₹149.17
+5.9%
14.7%₹170.00₹113.00n/a6
Mar ’25₹136.40
₹149.17
+9.4%
14.7%₹170.00₹113.00n/a6
Feb ’25₹145.40
₹134.67
-7.4%
11.7%₹165.00₹113.00n/a6
Jan ’25₹113.05
₹126.67
+12.0%
7.1%₹135.00₹113.00n/a6
Dec ’24₹107.50
₹120.83
+12.4%
5.6%₹135.00₹113.00n/a6
Nov ’24₹98.05
₹115.00
+17.3%
7.5%₹120.00₹98.00₹110.185
Oct ’24₹109.40
₹111.00
+1.5%
12.5%₹120.00₹87.00₹110.894
Sep ’24₹88.00
₹103.00
+17.0%
13.1%₹120.00₹87.00₹117.743
Aug ’24₹85.80
₹103.00
+20.0%
13.1%₹120.00₹87.00₹126.113
Jul ’24₹73.60
₹103.50
+40.6%
15.9%₹120.00₹87.00₹121.012
Jun ’24₹74.50
₹103.50
+38.9%
15.9%₹120.00₹87.00₹128.702
May ’24₹84.00
₹115.00
+36.9%
8.7%₹125.00₹105.00₹155.102
Apr ’24₹74.65
₹113.33
+51.8%
7.5%₹125.00₹105.00₹140.853
Mar ’24₹74.05
₹98.75
+33.4%
26.6%₹125.00₹55.00₹136.404
Feb ’24₹79.70
₹98.75
+23.9%
26.6%₹125.00₹55.00₹145.404
Jan ’24₹88.25
₹91.25
+3.4%
28.8%₹125.00₹55.00₹113.054
Dec ’23₹83.10
₹68.00
-18.2%
30.5%₹95.00₹42.00₹107.504
Nov ’23₹61.80
₹52.00
-15.9%
14.2%₹60.00₹40.00₹98.054

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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