Bank Of India Stock Price Analysis and Quick Research Report. Is Bank Of India an attractive stock to invest in?

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Bank Of India is performing and if it is the right time to buy the stock of Bank Of India with detailed analysis. Bank Of India stock price today is Rs 121.19.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Bank Of India has earned Rs 70826.2982 Cr. revenue in the latest financial year. Bank Of India has posted outstanding revenue growth of 22.9836859777877 % in last 3 Years.

• In terms of advances, Bank Of India reported 15.3624 % YOY,  rise . If you see 3 years advance growth, it stands at 15.5726567166834 %.

• Currently, Bank Of India has a CASA ratio of 34.8379 %. It’s overall cost of liability stands at 4.9375 %. Also, the total deposits from these accounts stood at Rs 816541.4874 Cr.

• Bank Of India has a average ROA track record. The ROA of Bank Of India is at 0.943 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of Bank Of India stood at 3.27 % and 0.82 % respectively as on the latest financial year.

• One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is positive at 0.204557722397869 % which means it has increased from the previous year.

• Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Bank Of India surged and is currently at Rs 8993.6226 Cr.

• Bank Of India has a Good Capital Adequacy Ratio of 17.77 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently Bank Of India is trading at a P/B of 0.7842 . The historical average PB was 0.648431579274239.

• Share Price: - The current share price of Bank Of India is Rs 121.19. One can use valuation calculators of ticker to know if Bank Of India share price is undervalued or overvalued.