Bank of India Share Price Target 2027: Can It Reach Rs 216? Base Case at Rs 180
- November 12, 2026
- Posted by: Kunal Singla
- Category: Market
Bank of India share price Rs 149.60 (12 November 2026). Base target Rs 180, bull Rs 216, downside risk Rs 120. PE 5.47. 52W range Rs 123.64 to Rs 178.36.
Quick Answer
The Bank of India share price target for 2027 is Rs 180, about 20.3% above the current price of Rs 149.60. The bull case is Rs 216, and the downside risk level, which is not a target, is Rs 120. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 20.9%, with the stock holding its PE of 5.47. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Bank of India target price for 2027 should start with where the stock sits today. At Rs 149.60 on 12 November 2026, it is 16.1% below its 52-week high of Rs 178.36 and 21.0% above its 52-week low of Rs 123.64. That range spans 44% from low to high, so the entry point matters as much as the Bank of India price forecast itself.
This article builds the Bank of India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Bank of India Stock Analysis: Company Overview and Key Stats
Bank of India (NSE: BANKINDIA) has a market capitalisation of Rs 68,427 crore. In FY26 it reported revenue of Rs 85,650 crore and net profit of Rs 10,309 crore. The table collects the figures the Bank of India share price target is built on.
| Metric | Value |
|---|---|
| Company | Bank of India |
| NSE Ticker | BANKINDIA |
| CMP (12 November 2026) | Rs 149.60 |
| 52-Week High | Rs 178.36 |
| 52-Week Low | Rs 123.64 |
| Market Cap | Rs 68,427 crore |
| PE Ratio (TTM) | 5.47 |
| Industry PE | 12.66 |
| Price to Book | 0.80 |
| Return on Equity | 14.55% |
| EPS (TTM) | Rs 27.49 |
| Dividend Yield | 3.09% |
| 12-Month Base Target | Rs 180 |
| Bull Case | Rs 216 |
| Downside Risk Level (not a target) | Rs 120 |
Why Is Bank of India Share Price Target Set at Rs 180 for 2027?
The arithmetic is short. Trailing EPS of Rs 27.49 grown for one year gives a forward EPS estimate of Rs 32.99, and multiplying it by the unchanged PE of 5.47 gives the Rs 180 base-case Bank of India stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Bank of India Target Price: Five Years of Results
Bank of India grew revenue from Rs 46,291 crore in FY22 to Rs 85,650 crore in FY26, a compound annual growth rate of 16.6%. Net profit grew faster, from Rs 3,487 crore to Rs 10,309 crore (31.1% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 46,291.46 | 3,487.31 | 9.07 | 2.00 |
| FY23 | 55,142.86 | 3,839.34 | 9.35 | 2.00 |
| FY24 | 67,306.47 | 6,566.57 | 15.48 | 2.80 |
| FY25 | 80,412.44 | 9,552.17 | 20.97 | 4.05 |
| FY26 | 85,649.56 | 10,309.25 | 22.64 | 0.00 |
FY26 revenue growth was 6.5%, slower than the four-year average of 16.6%, and net profit moved up 7.9%. EPS rose from Rs 15.48 in FY24 to Rs 22.64 in FY26. The FY27 outlook for the Bank of India price target depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Bank of India converted 12.0% of FY26 revenue into net profit, against 11.9% in FY25, within a five-year range of 7.0% to 12.0%.
In the September 2026 quarter, revenue was Rs 24,137 crore, up 16.4% from the same quarter a year earlier, while net profit of Rs 3,222 crore was up 27.6%. The next quarterly result is the first test of whether the earnings assumption behind the Bank of India stock target holds.
Balance Sheet and Cash Flow
As a lender, Bank of India funds its book mainly through deposits and borrowings, so debt to equity is not a meaningful gauge for it. Book value stands at Rs 188.94 per share and the price to book ratio is 0.80, and shareholders’ equity grew from Rs 56,651 crore in FY22 to Rs 90,137 crore in FY26.
Valuation Check for the Bank of India Stock Target: PE, Price to Book and ROE
At a PE of 5.47 against an industry PE of 12.66, Bank of India trades at a discount to its industry. Price to book is 0.80 on a book value of Rs 188.94 per share, and return on equity is 14.55%. A PE of 5.47 equals an earnings yield of 18.3%, and the FY26 dividend of Rs 0.00 per share gives a yield of 3.09%.
Shareholding Pattern and Institutional Holding
Promoters held 73.38% of Bank of India in September 2026, and promoter holding has stayed near 73.38% since September 2025. Foreign institutional investors (FII) held 7.58% and domestic institutions (DII) held 13.39%, which puts total institutional holding at 20.97%. FII holding rose from 4.24% in September 2025 to 7.58% in September 2026. Public shareholders own the remaining 5.65%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Bank of India Share Price Targets for the Short Term and 12 Months
Short Term Bank of India Stock Target Levels: Technical Setup
At Rs 149.60 on 12 November 2026, Bank of India trades above its 50-day simple moving average of Rs 136.81 and above its 200-day exponential moving average of Rs 139.89. The 14-day RSI reads 74.0, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 178.36 (52-week high) and the nearest support is Rs 139.89 (200-day exponential moving average). A sustained move above Rs 178.36 would improve the short-term setup, while a close below Rs 139.89 would shift attention to the next support.
12 Month Bank of India Target Price for 2027
The 12-month target of Rs 180 means a move of 20.3% up from Rs 149.60 over the next 12 months. It would also push the stock above its 52-week high of Rs 178.36. Anyone checking the Bank of India share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Bank of India Target Price
| EPS Growth | PE 4.38 | PE 5.47 | PE 6.29 |
|---|---|---|---|
| 0.0% (EPS Rs 27.49) | Rs 120 | Rs 150 | Rs 173 |
| 20.0% (EPS Rs 32.99) | Rs 144 | Rs 180 | Rs 208 |
| 25.0% (EPS Rs 34.36) | Rs 150 | Rs 188 | Rs 216 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Bank of India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Bank of India Stock Target in 2027
Bull Case Rs 216
The bull case Bank of India price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 34.36, and a PE multiple that rises 15% to 6.29. That gives Rs 216, 44.4% above the current price and above the 52-week high of Rs 178.36, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 120
The downside risk level is not a target. It assumes EPS stays flat at Rs 27.49 and the PE falls 20% to 4.38. That gives Rs 120, 19.8% below the current price and below the 52-week low of Rs 123.64.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 6.29 | Rs 216 | +44.4% |
| Base Case | 20.0% | 5.47 | Rs 180 | +20.3% |
| Downside Risk | 0.0% | 4.38 | Rs 120 | -19.8% |
Key Risks to the Bank of India Target Price for 2027
Growth Slowdown Risk for the Bank of India Price Target
Revenue in the September 2026 quarter was up 16.4% year on year, and FY26 revenue growth was 6.5%. If growth slows from here, the EPS estimate behind the Bank of India stock target will need revising.
Liquidity and Size Risk
Bank of India has a market capitalisation of Rs 68,427 crore. Institutional holding is 20.97%, and promoters hold 73.38%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 12.0% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 5.47 versus an industry PE of 12.66, a de-rating toward the downside-risk PE of 4.38 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 74.0 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. Treat every Bank of India share price target as a range of outcomes rather than a single point.
How to Invest in Bank of India
Start with the live price and volume. Any Bank of India share price target is only as current as the data behind it, and the data here is as of 12 November 2026, so refresh the Rs 149.60 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Bank of India’s PE, ROE, debt and shareholding in one place.
Check Bank of India fundamentals on the Univest Screener
Then compare the three Bank of India target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Bank of India live price and get daily stock recommendations.
Conclusion
The Bank of India share price target for 2027 is Rs 180 in the base case, with Rs 216 as the bull case. The support for that view is arithmetic you can check: EPS grew 20.9% a year over FY24 to FY26, and the stock trades at a PE of 5.47. The risks are equally concrete, including a valuation that can de-rate if growth disappoints and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework for judging the Bank of India price target, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Bank of India Share Price Target 2027
What is the Bank of India share price target for 2027?
Ans. The base-case Bank of India share price target for 2027 is Rs 180, which is 20.3% above the price of Rs 149.60 on 12 November 2026. The bull case is Rs 216 and the downside risk level, which is not a target, is Rs 120. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Bank of India share price today?
Ans. As of 12 November 2026, 9:28 AM IST, Bank of India (NSE: BANKINDIA) trades at Rs 149.60, down 0.66% on the day. That is 16.1% below the 52-week high of Rs 178.36 and 21.0% above the 52-week low of Rs 123.64. The market capitalisation of Rs 68,427 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Bank of India a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 20.9% a year over FY24 to FY26 and the base case implies 20.3% upside; on the cautious side, the stock sits 16.1% below its 52-week high and can de-rate if growth disappoints, and the downside risk level of Rs 120 is 20% below the current price. Whether Bank of India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Bank of India shares?
Ans. The bull case in the Bank of India share price target for 2027 is Rs 216, which assumes 25.0% EPS growth and a PE of 6.29, a 15% re-rating from today’s multiple. That is 44.4% above the current price and above the 52-week high of Rs 178.36, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 120, which assumes flat EPS and a PE of 4.38, 20% lower than today. It sits 19.8% below the current price and below the 52-week low of Rs 123.64, and it marks a risk to watch, not a target.
What are the main risks to the Bank of India price target?
Ans. Four risks matter most for the Bank of India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 68,427 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 4.38 would cut the price even if earnings hold.
What is the PE ratio of Bank of India and how does it compare with the industry?
Ans. The PE ratio of Bank of India is 5.47, against an industry PE of 12.66, which is a discount to the industry. Price to book is 0.80 and return on equity is 14.55%, and the PE equals an earnings yield of 18.3%. The base case holds the PE unchanged, so the Bank of India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Bank of India, and what is the promoter holding?
Ans. Promoters held 73.38% of Bank of India in September 2026. FII held 7.58%, DII held 13.39% and the public held 5.65%. Together the two institutional groups hold 20.97%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Bank of India’s latest quarterly results?
Ans. In the September 2026 quarter, Bank of India reported revenue of Rs 24,137 crore (up 16.4% year on year) and net profit of Rs 3,222 crore (up 27.6%). For comparison, FY26 full-year revenue growth was 6.5% and net profit moved up 7.9%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.
