Company Valuation: Bank of India

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 188,183 306,419 623,943 487,808 623,831 660,308 - -
Change - 62.83% 103.62% -21.82% 27.88% 5.85% - -
Enterprise Value (EV) 188,183 306,419 623,943 487,808 623,831 660,308 660,308 660,308
Change - 62.83% 103.62% -21.82% 27.88% 5.85% 0% 0%
P/E 5.19x 7.62x 9.2x 5.29x 5.93x 6.28x 5.57x 6.95x
PBR 0.37x 0.51x 0.91x 0.72x 0.82x 0.7x 0.63x 0.61x
PEG - 0.7x 0.2x 0.1x 0.4x -116.15x 0.4x -0.3x
Capitalization / Revenue 0.86x 1.12x 2.14x 1.46x 1.78x 1.7x 1.49x 1.5x
EV / Revenue 0x 0x 0x 0x 0x 1.7x 1.49x 1.5x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 3.26x 2.87x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2 2 2.8 4.05 - 3.49 4.775 4.17
Rate of return 4.36% 2.68% 2.04% 3.78% - 2.41% 3.29% 2.88%
EPS 2 8.84 9.8 14.9 20.25 23.12 23.11 26.03 20.85
Distribution rate 22.6% 20.4% 18.8% 20% - 15.1% 18.3% 20%
Net sales 1 219,408 273,748 291,478 333,876 350,470 387,491 442,637 441,399
EBITDA - - - - - - - -
EBIT 1 99,884 133,926 140,686 164,121 170,487 202,727 229,687 -
Net income 1 34,047 40,229 63,179 92,190 105,272 105,580 118,958 94,933
Net Debt - - - - - - - -
Reference price 2 45.85 74.65 137.05 107.12 136.99 145.00 145.00 145.00
Nbr of stocks (in thousands) 4,104,310 4,104,743 4,552,668 4,553,845 4,553,845 4,553,845 - -
Announcement Date 5/24/22 5/6/23 5/10/24 5/9/25 5/8/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.28x - - 2.41% 6.99B
14.19x - - 1.76% 953B
13.4x - - 1.9% 438B
6.38x - - 4.86% 412B
13.06x - - 4% 366B
6.3x - - 4.89% 334B
6.76x - - 4.68% 298B
18.07x - - 2.35% 292B
15.17x - - 2.6% 273B
12.32x - - 2.12% 272B
Average 11.19x 3.16% 364.53B
Weighted average by Cap. 12.00x 3.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield