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Bank of India Limited (BANKINDIA) Fair Value & Analysis

Financial Services · IN · Market cap ₹652B

BO Bank of India Limited BANKINDIA · NSE
Price₹145.00
Fair Value₹286.34
Upside+97.5%
Quality48/100
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Healthy Growth
Highly profitable · 31.9% net margin
Moderate debt · generates free cash flow
3.24% dividend yield
Ranks above peers (11/14)
Moderate moat 63/100
Evidence: High Range ₹214.76 – ₹357.93 Share as image

Fair value as of: Jul 18, 2026

From 6 valuation models · updated 22 days ago

Fair value updated Jul 18, 2026, revised from ₹289.44 to ₹286.34 (−1.1%) since Jun 26, 2026. Share price +7.3% over the past month.

Below-average quality, screening 97% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹214.76). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹171.59 ₹34.88 Fair Value ₹286.34 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range ₹34.88 – ₹171.59 · fair‑value band ₹214.76 – ₹357.93 · the ₹145.00 price screens below the ₹286.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Bank of India Limited (BANKINDIA) currently trades at ₹145.00, while our model-based Fair Value estimate is ₹286.34, implying the stock looks roughly 97.5% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bank of India Limited generated revenue of ₹323B at a net margin of 31.9%. Revenue grew 10.1% year over year. It earns a return on equity of 12.1%. Net debt stands at ₹190B. Fundamentals as of Jul 18, 2026

Our scenario range runs from ₹214.76 (bear case) to ₹357.93 (bull case); at ₹145.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 97%, BANKINDIA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹183.09 ₹218.53 ₹484.75 76
Gordon GGM ₹38.96 ₹85.05 ₹143.10 70
P/E Multiple ₹220.72 ₹294.29 ₹367.87 63
All 6 models by family
Dividend Discount
Gordon GGM ₹38.96 ₹85.05 ₹143.10 70
DDM Multi-Stage ₹38.96 ₹69.67 ₹88.64 61
Multiples
P/E Multiple ₹220.72 ₹294.29 ₹367.87 63
P/B Multiple ₹207.48 ₹276.63 ₹345.79 55
Asset-Based
NCAV (Graham) ₹98.80 ₹132.39 ₹197.60 50
Economic Profit
Residual Income ₹183.09 ₹218.53 ₹484.75 76

Widest divergence: Multiples (₹276.63) versus Dividend Discount (₹69.67). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹323B
Revenue growth (YoY) +10.1%
Net margin 31.9%
Return on equity 12.1%
Free cash flow ₹175B FY2026
P/E ratio 6.0
More key figures
Operating margin 45.0%
EPS (TTM) ₹23.78
Dividend yield 3.2%
EPS growth (YoY) +18.6%
Net debt ₹190B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 62

Profitability 26
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bank of India Limited provides various banking products and services in India and internationally. It operates through Treasury; Wholesale Banking; and Retail Banking segments. The company accepts various deposit products, such as savings, salary, current, term, and rera account deposits.

Full company description

Bank of India Limited provides various banking products and services in India and internationally. It operates through Treasury; Wholesale Banking; and Retail Banking segments. The company accepts various deposit products, such as savings, salary, current, term, and rera account deposits. It also provides debit, credit, and prepaid cards; personal, home, vehicle, education, star reverse mortgage, and home loans, as well as loans against property; and finance to new and existing business, healthcare schemes, govt. sponsored schemes, and commercial vehicle finance services. In addition, the company offers credit, cash management, and trade finance services; government deposit schemes, including public provident fund, senior citizens savings, Sukanya Samridhi, national pension system, departmentalized ministries, sovereign and RBI bond, mahila samman savings certificate, and other schemes; mutual funds; and life, health, and general insurance products. Further, it provides NRI services, such as accounts, loans, and money remittance and ancillary services; kisan credit card; gold loans; self-help group; Atmanirbhar schemes; tractor/farm mechanization; food and agro loans; agri allied activities; kisan ghar and agri mortgage loan; agri clinic/agri business centers; and other loans services. Additionally, it offers internet banking, mobile banking, and payment services. The company was incorporated in 1906 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Bank of India Limited reported revenue of ₹846B in FY2026 versus ₹456B in FY2022, a compound +16.7%/yr. Reported net income was ₹103B in FY2026, compounding +31.1%/yr from FY2022.

Growth Quality 97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹846B
Latest YoY
+5.1%
Avg. growth/yr (3Y)
+16.3%
Avg. growth/yr (5Y)
+12.4%
Avg. growth/yr (21Y)
+12.5%
Revenue +16.7%/yr
FY22 ₹456B
FY23 ₹538B
FY24 ₹672B
FY25 ₹805B
FY26 ₹846B
Net income +31.1%/yr
FY22 ₹34.9B
FY23 ₹38.4B
FY24 ₹65.6B
FY25 ₹95.5B
FY26 ₹103B

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Cite: Fair Value Calculator (2026). "Bank of India Limited Fair Value". https://www.fairvalue-calculator.com/stock/BANKINDIA

Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Below median
Fair Value upside +98% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 1% · Below median
Net margin (TTM) 32% · Above median
Operating margin (TTM) 45% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 1.38× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 6.0× · Cheaper than 75% of peers
P/B 0.72× · Cheaper than 75% of peers
P/S (TTM) 2.02× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 39
FUTURE 51 · sector 44
PAST 48 · sector 41
HEALTH 31 · sector 85
DIVIDEND 65 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Bank of India Limited (BANKINDIA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ₹286.34 versus a price of ₹145.00, about +97% (undervalued).
What is the fair value of BANKINDIA?
Our model-based fair value for Bank of India Limited is ₹286.34 (as of Jul 18, 2026), built from audited fundamentals. The current price is ₹145.00.
What is the quality score of BANKINDIA?
Bank of India Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bank of India Limited (BANKINDIA)?
Bank of India Limited reported trailing-twelve-month revenue of about ₹323B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of BANKINDIA?
The net profit margin of Bank of India Limited is about 31.9%, meaning it keeps roughly 31.9% of revenue as net income. Based on the latest reported figures.
Does Bank of India Limited pay a dividend?
Bank of India Limited currently shows a dividend yield of about 3.33% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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