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Bank of India
Buy, Hold or Sell?

Let's analyse Bank of India together

PenkeI guess you are interested in Bank of India. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Bank of India. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Bank of India (30 sec.)










What can you expect buying and holding a share of Bank of India? (30 sec.)

How much money do you get?

How much money do you get?
INR0.10
When do you have the money?
1 year
How often do you get paid?
40.0%

What is your share worth?

Current worth
INR1,854.53
Expected worth in 1 year
INR8,720.45
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR6,873.92
Return On Investment
6,543.5%

For what price can you sell your share?

Current Price per Share
INR105.05
Expected price per share
INR91.90 - INR113.80
How sure are you?
50%
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1. Valuation of Bank of India (5 min.)




Live pricePrice per Share (EOD)

INR105.05

Intrinsic Value Per Share

INR-328.58 - INR1.19

Total Value Per Share

INR1,525.95 - INR1,855.72

2. Growth of Bank of India (5 min.)




Is Bank of India growing?

Current yearPrevious yearGrowGrow %
How rich?$91.3b$6.7b$84.5b92.6%

How much money is Bank of India making?

Current yearPrevious yearGrowGrow %
Making money$460.5m$419.1m$41.4m9.0%
Net Profit Margin13.9%17.1%--

How much money comes from the company's main activities?

3. Financial Health of Bank of India (5 min.)




4. Comparing to competitors in the Banks-Regional industry (5 min.)




  Industry Rankings (Banks-Regional)  

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What can you expect buying and holding a share of Bank of India? (5 min.)

Welcome investor! Bank of India's management wants to use your money to grow the business. In return you get a share of Bank of India.

What can you expect buying and holding a share of Bank of India?

First you should know what it really means to hold a share of Bank of India. And how you can make/lose money.

Speculation

The Price per Share of Bank of India is INR105.05. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bank of India.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bank of India, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR1,854.53. Based on the TTM, the Book Value Change Per Share is INR1,716.48 per quarter. Based on the YOY, the Book Value Change Per Share is INR15.87 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR2.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bank of India.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.110.1%0.110.1%0.100.1%0.010.0%-0.020.0%
Usd Book Value Change Per Share20.6019.6%20.6019.6%0.190.2%4.234.0%2.152.1%
Usd Dividend Per Share0.020.0%0.020.0%0.000.0%0.000.0%0.010.0%
Usd Total Gains Per Share20.6219.6%20.6219.6%0.190.2%4.244.0%2.162.1%
Usd Price Per Share0.90-0.90-0.55-0.78-1.31-
Price to Earnings Ratio7.98-7.98-5.39-2.90-3.34-
Price-to-Total Gains Ratio0.04-0.04-2.89-1.48-31.83-
Price to Book Ratio0.04-0.04-0.33-0.42-1.16-
Price-to-Total Gains Ratio0.04-0.04-2.89-1.48-31.83-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.2606
Number of shares793
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.00
Usd Book Value Change Per Share20.604.23
Usd Total Gains Per Share20.624.24
Gains per Quarter (793 shares)16,353.053,362.14
Gains per Year (793 shares)65,412.1913,448.57
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1766533665402151343313439
2152130672130814302686726888
3228196008196226464030040337
4305261344261638615373353786
5381326680327050766716767235
6457392016392462918060080684
75334573524578741079403394133
8609522688523286122107467107582
9685588025588698137120900121031
10761653361654110152134333134480

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%5.05.00.050.0%14.05.00.073.7%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%9.01.00.090.0%18.01.00.094.7%
Dividend per Share1.00.00.0100.0%1.00.02.033.3%1.00.04.020.0%4.00.06.040.0%13.00.06.068.4%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%9.01.00.090.0%18.01.00.094.7%
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Fundamentals of Bank of India

About Bank of India

Bank of India Limited provides various banking products and services. It operates through Treasury Operations, Wholesale Banking, and Retail Banking segments. The company accepts various deposit products, such as savings, salary, current, term, and tax saving deposits. It also offers home, education, vehicle, personal, pensioner, and top-up loans, as well as loan for Pradhan Mantri Awas Yojana and against property; housing loans to NRIs/PIOs; overdraft against securities; loans against FCNR deposits; and loans for corporate and MSME customers. In addition, the company provides cash management services; trade finance; online share trading services; insurance products and services; mutual fund products; portfolio management services; credit, debit, and prepaid cards; and remittance, online banking and payment, online income tax return, and ATM and other kiosk services, as well as cards, loans, and services to rural customers. The company was incorporated in 1906 and is headquartered in Mumbai, India.

Fundamental data was last updated by Penke on 2023-09-10 09:40:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Bank of India.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Bank of India earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Bank of India to the Banks-Regional industry mean.
  • A Net Profit Margin of 13.9% means that ₹0.14 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bank of India:

  • The MRQ is 13.9%. The company is making a huge profit. +2
  • The TTM is 13.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ13.9%TTM13.9%0.0%
TTM13.9%YOY17.1%-3.2%
TTM13.9%5Y-0.7%+14.5%
5Y-0.7%10Y-2.6%+1.9%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ13.9%24.8%-10.9%
TTM13.9%27.5%-13.6%
YOY17.1%23.1%-6.0%
5Y-0.7%23.4%-24.1%
10Y-2.6%19.1%-21.7%
1.1.2. Return on Assets

Shows how efficient Bank of India is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Bank of India to the Banks-Regional industry mean.
  • 0.5% Return on Assets means that Bank of India generated ₹0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bank of India:

  • The MRQ is 0.5%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.5%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.5%TTM0.5%0.0%
TTM0.5%YOY0.5%0.0%
TTM0.5%5Y0.0%+0.5%
5Y0.0%10Y-0.1%+0.0%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5%0.2%+0.3%
TTM0.5%0.2%+0.3%
YOY0.5%0.2%+0.3%
5Y0.0%0.2%-0.2%
10Y-0.1%0.2%-0.3%
1.1.3. Return on Equity

Shows how efficient Bank of India is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Bank of India to the Banks-Regional industry mean.
  • 6.4% Return on Equity means Bank of India generated ₹0.06 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bank of India:

  • The MRQ is 6.4%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.4%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.4%TTM6.4%0.0%
TTM6.4%YOY6.2%+0.2%
TTM6.4%5Y-0.2%+6.6%
5Y-0.2%10Y-0.8%+0.5%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ6.4%2.4%+4.0%
TTM6.4%2.8%+3.6%
YOY6.2%2.5%+3.7%
5Y-0.2%2.5%-2.7%
10Y-0.8%2.9%-3.7%
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1.2. Operating Efficiency of Bank of India.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bank of India is operating .

  • Measures how much profit Bank of India makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Bank of India to the Banks-Regional industry mean.
  • An Operating Margin of 120.9% means the company generated ₹1.21  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bank of India:

  • The MRQ is 120.9%. The company is operating very efficient. +2
  • The TTM is 120.9%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ120.9%TTM120.9%0.0%
TTM120.9%YOY145.5%-24.6%
TTM120.9%5Y73.2%+47.7%
5Y73.2%10Y122.6%-49.4%
1.2.2. Operating Ratio

Measures how efficient Bank of India is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks-Regional industry mean).
  • An Operation Ratio of 0.52 means that the operating costs are ₹0.52 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Bank of India:

  • The MRQ is 0.519. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.519. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.519TTM0.5190.000
TTM0.519YOY0.608-0.089
TTM0.5195Y0.556-0.037
5Y0.55610Y0.545+0.011
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1.3. Liquidity of Bank of India.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bank of India is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks-Regional industry mean).
  • A Current Ratio of 33.01 means the company has ₹33.01 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Bank of India:

  • The MRQ is 33.013. The company is very able to pay all its short-term debts. +2
  • The TTM is 33.013. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ33.013TTM33.0130.000
TTM33.013YOY67.306-34.293
TTM33.0135Y47.079-14.066
5Y47.07910Y23.626+23.453
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
TTM33.0130.054+32.959
YOY67.3060.232+67.074
5Y47.0790.210+46.869
10Y23.6260.112+23.514
1.3.2. Quick Ratio

Measures if Bank of India is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Bank of India to the Banks-Regional industry mean.
  • A Quick Ratio of 48.55 means the company can pay off ₹48.55 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bank of India:

  • The MRQ is 48.545. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 48.545. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ48.545TTM48.5450.000
TTM48.545YOY60.634-12.089
TTM48.5455Y48.854-0.308
5Y48.85410Y24.562+24.292
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1.4. Solvency of Bank of India.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bank of India assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Bank of India to Banks-Regional industry mean.
  • A Debt to Asset Ratio of 0.08 means that Bank of India assets are financed with 7.9% credit (debt) and the remaining percentage (100% - 7.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bank of India:

  • The MRQ is 0.079. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.079. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.079TTM0.0790.000
TTM0.079YOY0.924-0.845
TTM0.0795Y0.758-0.679
5Y0.75810Y0.852-0.094
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0790.918-0.839
TTM0.0790.918-0.839
YOY0.9240.920+0.004
5Y0.7580.921-0.163
10Y0.8520.929-0.077
1.4.2. Debt to Equity Ratio

Measures if Bank of India is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Bank of India to the Banks-Regional industry mean.
  • A Debt to Equity ratio of 107.6% means that company has ₹1.08 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bank of India:

  • The MRQ is 1.076. The company is able to pay all its debts with equity. +1
  • The TTM is 1.076. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.076TTM1.0760.000
TTM1.076YOY12.145-11.070
TTM1.0765Y10.564-9.489
5Y10.56410Y13.984-3.420
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ1.07611.167-10.091
TTM1.07611.209-10.133
YOY12.14511.481+0.664
5Y10.56411.800-1.236
10Y13.98413.357+0.627
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2. Market Valuation of Bank of India

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Bank of India generates.

  • Above 15 is considered overpriced but always compare Bank of India to the Banks-Regional industry mean.
  • A PE ratio of 7.98 means the investor is paying ₹7.98 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bank of India:

  • The EOD is 11.232. Based on the earnings, the company is underpriced. +1
  • The MRQ is 7.982. Based on the earnings, the company is underpriced. +1
  • The TTM is 7.982. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD11.232MRQ7.982+3.250
MRQ7.982TTM7.9820.000
TTM7.982YOY5.387+2.595
TTM7.9825Y2.903+5.078
5Y2.90310Y3.342-0.439
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD11.2325.038+6.194
MRQ7.9825.052+2.930
TTM7.9825.091+2.891
YOY5.38710.447-5.060
5Y2.90310.165-7.262
10Y3.34210.391-7.049
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bank of India:

  • The EOD is -5.622. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.995. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.995. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.622MRQ-3.995-1.627
MRQ-3.995TTM-3.9950.000
TTM-3.995YOY-0.522-3.473
TTM-3.9955Y-2.111-1.884
5Y-2.11110Y0.051-2.162
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD-5.622-0.830-4.792
MRQ-3.995-0.832-3.163
TTM-3.9950.081-4.076
YOY-0.5224.105-4.627
5Y-2.1110.301-2.412
10Y0.0510.118-0.067
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bank of India is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks-Regional industry mean).
  • A PB ratio of 0.04 means the investor is paying ₹0.04 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Bank of India:

  • The EOD is 0.057. Based on the equity, the company is cheap. +2
  • The MRQ is 0.040. Based on the equity, the company is cheap. +2
  • The TTM is 0.040. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.057MRQ0.040+0.016
MRQ0.040TTM0.0400.000
TTM0.040YOY0.332-0.292
TTM0.0405Y0.423-0.383
5Y0.42310Y1.165-0.742
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.0570.481-0.424
MRQ0.0400.482-0.442
TTM0.0400.539-0.499
YOY0.3320.786-0.454
5Y0.4230.835-0.412
10Y1.1651.118+0.047
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bank of India compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1716.4791716.4790%15.869+10717%352.915+386%179.472+856%
Book Value Per Share--1854.5331854.5330%138.054+1243%468.300+296%274.997+574%
Current Ratio--33.01333.0130%67.306-51%47.079-30%23.626+40%
Debt To Asset Ratio--0.0790.0790%0.924-91%0.758-90%0.852-91%
Debt To Equity Ratio--1.0761.0760%12.145-91%10.564-90%13.984-92%
Dividend Per Share--2.0002.0000%-+100%0.400+400%0.656+205%
Eps--9.3539.3530%8.511+10%0.456+1951%-1.876+120%
Free Cash Flow Per Share---18.687-18.6870%-87.872+370%-10.485-44%0.034-54864%
Free Cash Flow To Equity Per Share---17.369-17.3690%-85.079+390%-6.159-65%6.594-363%
Gross Profit Margin--0.9920.9920%0.9950%0.999-1%0.9970%
Intrinsic Value_10Y_max--1.192--------
Intrinsic Value_10Y_min---328.583--------
Intrinsic Value_1Y_max--0.053--------
Intrinsic Value_1Y_min---16.308--------
Intrinsic Value_3Y_max--0.209--------
Intrinsic Value_3Y_min---63.684--------
Intrinsic Value_5Y_max--0.427--------
Intrinsic Value_5Y_min---126.788--------
Market Cap431080020096.000+29%306331494528.000306331494528.0000%188148680832.000+63%266608937702.400+15%446899282137.600-31%
Net Profit Margin--0.1390.1390%0.171-19%-0.007+105%-0.026+119%
Operating Margin--1.2091.2090%1.455-17%0.732+65%1.226-1%
Operating Ratio--0.5190.5190%0.608-15%0.556-7%0.545-5%
Pb Ratio0.057+29%0.0400.0400%0.332-88%0.423-90%1.165-97%
Pe Ratio11.232+29%7.9827.9820%5.387+48%2.903+175%3.342+139%
Price Per Share105.050+29%74.65074.6500%45.850+63%64.970+15%108.905-31%
Price To Free Cash Flow Ratio-5.622-41%-3.995-3.9950%-0.522-87%-2.111-47%0.051-7898%
Price To Total Gains Ratio0.061+29%0.0430.0430%2.889-98%1.482-97%31.826-100%
Quick Ratio--48.54548.5450%60.634-20%48.854-1%24.562+98%
Return On Assets--0.0050.0050%0.005-1%0.000+104%-0.001+112%
Return On Equity--0.0640.0640%0.062+3%-0.002+104%-0.008+112%
Total Gains Per Share--1718.4791718.4790%15.869+10729%353.315+386%180.128+854%
Usd Book Value--91322462400.00091322462400.0000%6798161484.000+1243%23060401795.200+296%13541617353.600+574%
Usd Book Value Change Per Share--20.59820.5980%0.190+10717%4.235+386%2.154+856%
Usd Book Value Per Share--22.25422.2540%1.657+1243%5.620+296%3.300+574%
Usd Dividend Per Share--0.0240.0240%-+100%0.005+400%0.008+205%
Usd Eps--0.1120.1120%0.102+10%0.005+1951%-0.023+120%
Usd Free Cash Flow---920199600.000-920199600.0000%-4327066296.000+370%-516313984.800-44%1680303.600-54864%
Usd Free Cash Flow Per Share---0.224-0.2240%-1.054+370%-0.126-44%0.000-54864%
Usd Free Cash Flow To Equity Per Share---0.208-0.2080%-1.021+390%-0.074-65%0.079-363%
Usd Market Cap5172960241.152+29%3675977934.3363675977934.3360%2257784169.984+63%3199307252.429+15%5362791385.651-31%
Usd Price Per Share1.261+29%0.8960.8960%0.550+63%0.780+15%1.307-31%
Usd Profit--460555200.000460555200.0000%419108688.000+10%25375610.400+1715%-29198277.600+106%
Usd Revenue--3324266400.0003324266400.0000%2452349268.000+36%2604572536.800+28%2260662199.200+47%
Usd Total Gains Per Share--20.62220.6220%0.190+10729%4.240+386%2.162+854%
 EOD+5 -3MRQTTM+0 -0YOY+27 -95Y+25 -1110Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of Bank of India based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.232
Price to Book Ratio (EOD)Between0-10.057
Net Profit Margin (MRQ)Greater than00.139
Operating Margin (MRQ)Greater than01.209
Quick Ratio (MRQ)Greater than148.545
Current Ratio (MRQ)Greater than133.013
Debt to Asset Ratio (MRQ)Less than10.079
Debt to Equity Ratio (MRQ)Less than11.076
Return on Equity (MRQ)Greater than0.150.064
Return on Assets (MRQ)Greater than0.050.005
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Bank of India based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.854
Ma 20Greater thanMa 50100.505
Ma 50Greater thanMa 10091.864
Ma 100Greater thanMa 20083.744
OpenGreater thanClose108.800
Total5/5 (100.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Minority Interest  1,621,544-107,3811,514,16378,9781,593,141-1,540,44152,700-66,500-13,800



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets8,260,357,500
Total Liabilities650,152,300
Total Stockholder Equity604,329,500
 As reported
Total Liabilities 650,152,300
Total Stockholder Equity+ 604,329,500
Total Assets = 8,260,357,500

Assets

Total Assets8,260,357,500
Total Current Assets846,832,800
Long-term Assets846,832,800
Total Current Assets
Cash And Cash Equivalents 846,832,800
Net Receivables 398,435,876
Total Current Assets  (as reported)846,832,800
Total Current Assets  (calculated)1,245,268,676
+/- 398,435,876
Long-term Assets
Property Plant Equipment 100,605,600
Long Term Investments 2,113,235,500
Long-term Assets Other -2,213,841,100
Long-term Assets  (as reported)2,213,841,100
Long-term Assets  (calculated)0
+/- 2,213,841,100

Liabilities & Shareholders' Equity

Total Current Liabilities25,651,647
Long-term Liabilities650,152,300
Total Stockholder Equity604,329,500
Total Current Liabilities
Accounts payable 25,651,647
Other Current Liabilities -25,651,647
Total Current Liabilities  (as reported)25,651,647
Total Current Liabilities  (calculated)0
+/- 25,651,647
Long-term Liabilities
Long term Debt Total 650,152,251
Long-term Liabilities  (as reported)650,152,300
Long-term Liabilities  (calculated)650,152,251
+/- 49
Total Stockholder Equity
Common Stock41,043,100
Capital Surplus 173,847,002
Other Stockholders Equity 526,659,730
Total Stockholder Equity (as reported)604,329,500
Total Stockholder Equity (calculated)741,549,832
+/- 137,220,332
Other
Capital Stock41,043,100
Cash and Short Term Investments 846,832,800
Common Stock Shares Outstanding 4,103,285
Liabilities and Stockholders Equity 8,260,357,500
Net Debt -196,680,500
Net Invested Capital 1,254,481,800
Net Working Capital 821,181,153
Short Long Term Debt Total 650,152,300



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-31
> Total Assets 
951,021,356
1,124,214,153
1,417,716,377
1,793,423,868
2,263,573,526
2,768,338,792
3,530,318,491
3,875,892,451
4,564,068,028
5,781,546,036
6,252,847,415
6,166,292,347
6,320,259,509
6,151,843,398
6,308,839,095
6,630,188,399
7,327,900,975
7,431,313,314
8,260,357,500
8,260,357,5007,431,313,3147,327,900,9756,630,188,3996,308,839,0956,151,843,3986,320,259,5096,166,292,3476,252,847,4155,781,546,0364,564,068,0283,875,892,4513,530,318,4912,768,338,7922,263,573,5261,793,423,8681,417,716,3771,124,214,153951,021,356
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
695,979,519
810,874,721
1,061,574,822
1,001,653,348
1,002,329,784
1,031,407,198
988,818,127
1,389,210,323
1,178,749,064
846,832,800
846,832,8001,178,749,0641,389,210,323988,818,1271,031,407,1981,002,329,7841,001,653,3481,061,574,822810,874,721695,979,519000000000
       Cash And Cash Equivalents 
75,263,405
114,460,165
174,064,030
178,010,126
218,899,738
314,490,742
376,963,633
354,643,356
553,771,257
617,603,051
769,389,166
995,047,182
964,647,090
960,242,325
948,599,950
866,090,593
1,266,936,250
975,512,531
846,832,800
846,832,800975,512,5311,266,936,250866,090,593948,599,950960,242,325964,647,090995,047,182769,389,166617,603,051553,771,257354,643,356376,963,633314,490,742218,899,738178,010,126174,064,030114,460,16575,263,405
       Net Receivables 
0
0
0
0
0
0
0
0
531,546,212
618,812,770
618,869,126
534,084,558
575,328,770
480,142,006
154,979,715
122,727,534
122,274,073
203,236,533
398,435,876
398,435,876203,236,533122,274,073122,727,534154,979,715480,142,006575,328,770534,084,558618,869,126618,812,770531,546,21200000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
250,996,264
330,813,665
382,157,230
292,166,138
331,899,816
351,254,373
351,257,155
654,743,758
483,160,432
0
0483,160,432654,743,758351,257,155351,254,373331,899,816292,166,138382,157,230330,813,665250,996,264000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,713,808,930
2,006,944,082
1,901,300,653
2,213,841,100
2,213,841,1001,901,300,6532,006,944,0821,713,808,930000000000000000
       Property Plant Equipment 
8,143,429
8,100,703
7,895,466
24,333,247
25,613,446
23,789,166
24,994,283
28,000,249
29,006,393
58,201,870
59,144,856
85,728,505
85,457,781
83,498,563
89,990,777
90,579,849
90,013,980
98,561,127
100,605,600
100,605,60098,561,12790,013,98090,579,84989,990,77783,498,56385,457,78185,728,50559,144,85658,201,87029,006,39328,000,24924,994,28323,789,16625,613,44624,333,2477,895,4668,100,7038,143,429
       Long Term Investments 
0
0
0
0
0
0
0
0
0
1,164,897,433
1,231,955,291
1,226,209,086
1,307,512,629
1,403,210,710
1,509,050,173
1,623,229,081
1,916,930,100
1,802,739,500
2,113,235,500
2,113,235,5001,802,739,5001,916,930,1001,623,229,0811,509,050,1731,403,210,7101,307,512,6291,226,209,0861,231,955,2911,164,897,433000000000
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
1,430,809,271
1,657,219,514
1,669,356,043
1,692,748,251
1,813,715,960
1,916,930,100
0
0
001,916,930,1001,813,715,9601,692,748,2511,669,356,0431,657,219,5141,430,809,27100000000000
> Total Liabilities 
905,115,996
1,072,877,913
1,357,412,388
1,686,468,286
2,125,982,393
2,620,696,245
3,353,445,334
3,661,123,342
4,318,623,595
5,472,968,738
5,925,939,622
5,831,855,755
5,983,157,098
5,782,687,112
5,830,698,075
6,177,942,750
6,826,505,553
6,864,799,857
650,152,300
650,152,3006,864,799,8576,826,505,5536,177,942,7505,830,698,0755,782,687,1125,983,157,0985,831,855,7555,925,939,6225,472,968,7384,318,623,5953,661,123,3423,353,445,3342,620,696,2452,125,982,3931,686,468,2861,357,412,3881,072,877,913905,115,996
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
5,072,249,978
5,382,831,829
5,191,745,246
5,462,044,530
5,265,422,262
5,258,722,671
19,554,587
16,476,917
17,513,246
25,651,647
25,651,64717,513,24616,476,91719,554,5875,258,722,6715,265,422,2625,462,044,5305,191,745,2465,382,831,8295,072,249,978000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
484,275,103
400,986,867
511,032,719
394,914,169
435,982,553
0
0
0
0
0
00000435,982,553394,914,169511,032,719400,986,867484,275,103000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
484,275,103
400,986,867
511,032,719
394,914,169
435,982,553
0
0
0
0
0
00000435,982,553394,914,169511,032,719400,986,867484,275,103000000000
       Accounts payable 
12,447,912
11,457,944
11,364,093
12,408,480
0
11,754,056
11,280,404
11,615,063
15,038,416
18,548,535
26,863,101
22,888,201
24,090,422
21,656,386
20,349,043
19,554,587
16,476,917
17,513,246
25,651,647
25,651,64717,513,24616,476,91719,554,58720,349,04321,656,38624,090,42222,888,20126,863,10118,548,53515,038,41611,615,06311,280,40411,754,056012,408,48011,364,09311,457,94412,447,912
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
11,006,971
11,145,751
11,632,245
14,432,960
13,796,839
12,824,005
-19,554,587
-16,476,917
-17,513,246
-25,651,647
-25,651,647-17,513,246-16,476,917-19,554,58712,824,00513,796,83914,432,96011,632,24511,145,75111,006,971000000000
   > Long-term Liabilities 
83,086,737
91,906,302
92,308,269
94,224,490
94,925,834
223,998,955
220,213,756
321,189,450
366,610,498
448,416,491
391,315,774
425,114,964
409,347,129
316,199,392
344,475,928
208,754,659
289,451,055
268,211,100
650,152,300
650,152,300268,211,100289,451,055208,754,659344,475,928316,199,392409,347,129425,114,964391,315,774448,416,491366,610,498321,189,450220,213,756223,998,95594,925,83494,224,49092,308,26991,906,30283,086,737
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
511,032,719
394,914,169
435,982,553
442,651,923
397,524,659
324,641,055
268,211,100
650,152,251
650,152,251268,211,100324,641,055397,524,659442,651,923435,982,553394,914,169511,032,71900000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
172,187,357
142,120,926
129,077,791
126,198,399
81,282,297
129,323,481
175,727,568
180,226,427
262,123,118
0
0262,123,118180,226,427175,727,568129,323,48181,282,297126,198,399129,077,791142,120,926172,187,357000000000
> Total Stockholder Equity
45,885,817
51,306,299
60,267,542
106,710,304
136,565,478
144,450,296
176,360,794
214,140,111
244,710,141
307,737,250
325,228,451
333,456,630
336,292,602
367,564,815
476,519,476
450,731,486
499,802,281
565,218,507
604,329,500
604,329,500565,218,507499,802,281450,731,486476,519,476367,564,815336,292,602333,456,630325,228,451307,737,250244,710,141214,140,111176,360,794144,450,296136,565,478106,710,30460,267,54251,306,29945,885,817
   Common Stock
4,881,419
4,881,419
4,881,420
5,259,146
5,259,146
5,259,146
5,472,195
5,745,195
5,966,414
6,430,021
6,656,476
8,172,916
10,554,342
17,437,175
27,600,285
32,776,625
32,776,625
41,043,052
41,043,100
41,043,10041,043,05232,776,62532,776,62527,600,28517,437,17510,554,3428,172,9166,656,4766,430,0215,966,4145,745,1955,472,1955,259,1465,259,1465,259,1464,881,4204,881,4194,881,419
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 000-32,019,105-28,863,378-28,381,458-23,060,580-37,688,096-30,576,936-25,968,792-21,873,331-17,195,673-16,790,030-15,291,789-11,701,258-10,603,267-9,573,712-8,765,416-7,852,101
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
101,970,251
132,481,642
220,605,677
364,421,578
359,032,884
30,000,000
168,260,479
173,847,002
173,847,002168,260,47930,000,000359,032,884364,421,578220,605,677132,481,642101,970,25100000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
48,856,499
55,190,296
64,959,834
112,054,425
143,007,590
154,482,939
187,678,629
225,590,589
260,617,058
327,276,021
349,148,911
426,625,298
434,651,731
527,653,593
681,928,025
655,834,143
467,913,532
504,198,062
526,659,730
526,659,730504,198,062467,913,532655,834,143681,928,025527,653,593434,651,731426,625,298349,148,911327,276,021260,617,058225,590,589187,678,629154,482,939143,007,590112,054,42564,959,83455,190,29648,856,499



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue277,022,200
Cost of Revenue-0
Gross Profit277,022,200277,022,200
 
Operating Income (+$)
Gross Profit277,022,200
Operating Expense-143,735,400
Operating Income334,952,200133,286,800
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,633,998
Selling And Marketing Expenses296,977
Operating Expense143,735,4001,930,975
 
Net Interest Income (+$)
Interest Income479,316,900
Interest Expense-274,406,400
Other Finance Cost-0
Net Interest Income204,910,500
 
Pretax Income (+$)
Operating Income334,952,200
Net Interest Income204,910,500
Other Non-Operating Income Expenses0
Income Before Tax (EBT)60,987,000608,917,400
EBIT - interestExpense = 60,545,800
60,545,800
312,786,000
Interest Expense274,406,400
Earnings Before Interest and Taxes (EBIT)334,952,200335,393,400
Earnings Before Interest and Taxes (EBITDA)339,217,300
 
After tax Income (+$)
Income Before Tax60,987,000
Tax Provision-22,166,200
Net Income From Continuing Ops38,393,30038,820,800
Net Income38,379,600
Net Income Applicable To Common Shares38,379,600
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses143,735,400
Total Other Income/Expenses Net-273,965,200-204,910,500
 

Technical Analysis of Bank of India
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Bank of India. The general trend of Bank of India is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bank of India's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Bank of India.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 113.80.

The bearish price targets are: 95.25 > 91.94 > 91.90.

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Bank of India Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Bank of India. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bank of India Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bank of India. The current macd is 5.18521796.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bank of India price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bank of India. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Bank of India price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Bank of India Daily Moving Average Convergence/Divergence (MACD) ChartBank of India Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Bank of India. The current adx is 51.27.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Bank of India shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Bank of India Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Bank of India. The current sar is 113.80.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Bank of India Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Bank of India. The current rsi is 60.85. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Bank of India Daily Relative Strength Index (RSI) ChartBank of India Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Bank of India. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Bank of India price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1