The country’s largest public sector Bank of India (BOI) NSE: BANKINDIA has announced the results for the December quarter of the financial year 2023-24 on February 2.
During this period, the bank’s profit has increased by 62.4 percent to Rs 1,869.5 crore, which was Rs 1,151 crore in this quarter a year ago.
There has been a decline of 2.4 percent in the interest income (NII) of the Bank of India, which has come down from Rs 5,595.1 crore to Rs 5,463.5 crore year on year.
Improvement In Asset Quality
Improvement has been seen in the asset quality of the Bank of India. The net NPA of the bank has come down from 1.54 percent quarter-on-quarter to 1.41 percent, while the gross NPA has come down from 5.84 percent in the last quarter to 5.35 percent in this quarter.
NIM (Global) stood at 2.85 percent in Q3FY24, while it was 3.28 percent in Q3FY23 and 3.08 percent in Q2FY24.
NIM (domestic) stood at 3.21 percent in Q3 FY 2024, while it was 3.72 percent in Q3 FY 2023 and 3.47 percent in Q2 FY 24. On February 2, Bank of India shares closed at Rs 151 with a rise of 3.85 percent on the last trading day. The 52-week high of the bank’s shares is Rs 156.25.
About Bank of India Ltd
The Bank of India was founded in Mumbai on September 7, 1906, by well-known businessmen.
The Bank began with just one office in Mumbai with 50 employees and a capital paid up of Rs.50,000.
Over the years, it has grown rapidly and become a powerful institution with an impressive national presence as well as a large international operation. The Bank is the largest nationalized bank in terms of business volume.
More than 5100 Bank branches are spread throughout India including all states and unions. The 68 Zonal Offices and the 12 NBG Offices are responsible for controlling these branches. There are 23 foreign subsidiaries, 4 foreign branches, 1 representative office, and 1 joint venture abroad.
Fundamental Analysis of Bank of India Ltd
| Market Cap | ₹ 68,996 Cr. |
| Current Price | ₹ 152 |
| 52-wk High | ₹ 156 |
| 52-wk Low | ₹ 66.0 |
| Stock P/E | 10.8 |
| Book Value | ₹ 147 |
| Dividend | 1.32 % |
| ROCE | 4.42 % |
| ROE | 6.33 % |
| Face Value | ₹ 10.0 |
| P/B Value | 1.03 |
| OPM | 65.9 % |
| EPS | ₹ 15.1 |
| Debt | ₹ 7,37,209 Cr. |
| Debt to Equity | 12.2 |
Bank of India Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹165 | ₹198 |
| 2025 | ₹205 | ₹232 |
| 2026 | ₹254 | ₹271 |
| 2027 | ₹275 | ₹290 |
| 2028 | ₹300 | ₹321 |
| 2029 | ₹331 | ₹343 |
| 2030 | ₹350 | ₹365 |
Bank of India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 81.41% |
| Mar 2023 | 81.41% |
| June 2023 | 81.41% |
| Sept 2023 | 81.41% |
| Dec 2023 | 73.38% |
| FII Holding | |
| Dec 2022 | 2.23% |
| Mar 2023 | 2.67% |
| June 2023 | 2.25% |
| Sept 2023 | 2.92% |
| Dec 2023 | 4.31% |
| DII Holding | |
| Dec 2022 | 10.56% |
| Mar 2023 | 10.36% |
| June 2023 | 9.90% |
| Sept 2023 | 9.55% |
| Dec 2023 | 14.65% |
| Public Holding | |
| Dec 2022 | 5.80% |
| Mar 2023 | 5.57% |
| June 2023 | 6.44% |
| Sept 2023 | 6.11% |
| Dec 2023 | 7.65% |
Bank of India Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 41,005 Cr |
| 2020 | ₹ 42,591 Cr |
| 2021 | ₹ 40,854 Cr |
| 2022 | ₹ 38,281 Cr |
| 2023 | ₹ 58,371 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -5,426 Cr |
| 2020 | ₹ -3,051 Cr |
| 2021 | ₹ 2,081 Cr |
| 2022 | ₹ 3,487 Cr |
| 2023 | ₹ 6,405 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 3% |
| 5 Years: | 21% |
| 3 Years: | 47% |
| Current Year: | 106% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -2% |
| 5 Years: | 0% |
| 3 Years: | 6% |
| Last Year: | 6% |
Sales Growth Over 10 Years:
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Current Year: | 32% |
Conclusion
This article is a complete guide about Bank of India Ltd Share.
This information and forecasts are based on our research, company fundamentals, history, experiences, and various technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
