Bank of Baroda Share Price: 12.2% CAGR in 3 Years as the PSU Lender Compares With SBI and Axis Bank

Bank of Baroda previous close Rs 275. 3-year CAGR 12.2%. Up 1.4x since 10 Nov 2023. ROE 13.63%. Market cap Rs 1,42,057 crore.

The Bank of Baroda share price has delivered a healthy return over three years, and the bank earns the highest return on equity among the three lenders compared here. Bank of Baroda, founded in Vadodara in 1908, is one of the largest public sector banks in India and has a wide presence overseas.

This article compares that run with State Bank of India and Axis Bank. We calculate the three-year CAGR for all three and set the results beside market cap, valuation and return on equity, using prices adjusted for corporate actions. Banks are best read on price to book and ROE, so those two numbers get extra attention.

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How Much Has the Bank of Baroda Share Price Returned in 3 Years?

The Bank of Baroda stock closed at Rs 194.85 on 10 November 2023 and at Rs 275.00 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.41 lakh, which is a CAGR of 12.2%. This is a price return and leaves out dividends.

CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Bank of Baroda can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The Bank of Baroda share price has also followed improving credit growth, a wider retail and agriculture loan book and the bank's international business.

Bank of Baroda vs State Bank of India and Axis Bank: 3-Year CAGR Compared

The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 11 November 2026.

Company	Close on 10 Nov 2023	Previous close (11 Nov 2026)	Price multiple	3-year CAGR
State Bank of India	Rs 579.50	Rs 1,061.20	1.8x	22.3%
Bank of Baroda	Rs 194.85	Rs 275.00	1.4x	12.2%
Axis Bank	Rs 1,029.20	Rs 1,336.40	1.3x	9.1%

The Bank of Baroda stock ranks second of the three at 12.2%. It sits ahead of Axis Bank (9.1%). The company ahead is State Bank of India (22.3%). SBI leads the group, followed by Bank of Baroda and then Axis Bank. Bank of Baroda is the smallest of the three by market cap, yet it trades at the lowest P/E and price to book and earns the highest ROE.

Look at the Bank of Baroda share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.

Valuation and Quality Compared

Company	Market cap	P/E	Industry P/E	ROE	P/B
State Bank of India	Rs 9,78,646 crore	10.41	12.66	13.36%	1.54
Axis Bank	Rs 4,16,999 crore	13.88	12.66	13.04%	1.82
Bank of Baroda	Rs 1,42,057 crore	7.10	12.66	13.63%	0.81

By market cap, State Bank of India is the largest of the group at Rs 9,78,646 crore, while the Bank of Baroda stock stands at Rs 1,42,057 crore, about 15% of that size. On earnings, Bank of Baroda shares trade at a P/E of 7.10 against an industry P/E of 12.66, a discount of about 44% to the sector, which leaves room if earnings keep growing. Peer multiples are State Bank of India at 10.41 and Axis Bank at 13.88.

Return on equity is 13.63% for the Bank of Baroda stock, which ranks first among the three, and the price to book ratio stands at 0.81. Trailing EPS is Rs 38.68. Banks are valued on price to book and return on equity rather than on debt, so these two numbers show how the market prices each lender against the profit it earns on shareholders' capital.

What Is Driving the Bank of Baroda Stock?

Bank of Baroda earns interest on loans to retail customers, farmers, small businesses and corporates, and it earns fees from payments and cards. It has branches in many countries, which gives it access to overseas deposits and trade finance.

The bank has worked on cleaning its loan book and has pushed retail and small business lending. Its focus on a better mix of loans and on lowering its funding cost has been a key theme for the stock.

Followers of the Bank of Baroda share price usually track loan growth, net interest margin, the share of low-cost deposits and asset quality.

How the Established Players Stack Up

State Bank of India is the largest public sector bank in India by assets, deposits and branches. It compounded at 22.3% a year, on a market cap of Rs 9,78,646 crore and an ROE of 13.36%.

Axis Bank is a Mumbai-headquartered private sector bank with strength in corporate banking, credit cards and wealth services. It compounded at 9.1% a year, on a market cap of Rs 4,16,999 crore and an ROE of 13.04%.

What Should Investors Track Next?

Three things are worth watching on the Bank of Baroda share price. First, the pace of loan growth. Second, movement in net interest margin as interest rates change. Third, asset quality across retail and business loans.

At a P/E of 7 and a price to book of 0.81, the stock trades below the industry P/E of 13. Results can move with the credit cycle, so follow quarterly numbers closely.

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How to Compare Bank Stocks Yourself

You can repeat this exercise for any pair of stocks, including the Bank of Baroda stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.

A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Bank of Baroda share price, the same four checks give a more complete picture than price alone.

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A PSU Lender With the Highest ROE and the Lowest P/E in Its Group

The Bank of Baroda share price compounded at 12.2% a year over three years, ahead of Axis Bank at 9.1% and behind SBI at 22.3%. Its ROE of 13.63% is the highest of the three and its P/E of 7.10 is the lowest.

SBI brings the faster return and the largest market cap, while Axis Bank brings a private sector franchise. The choice depends on which banking model you prefer.

Frequently Asked Questions

What is the Bank of Baroda share price today?

Ans. Bank of Baroda closed at Rs 275 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,42,057 crore and a P/E of 7.10. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the Bank of Baroda stock?

Ans. Bank of Baroda delivered a price CAGR of 12.2% over three years, moving from Rs 194.85 on 10 November 2023 to Rs 275.00 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is Bank of Baroda better than SBI?

Ans. SBI delivered a higher three-year CAGR at 22.3% than Bank of Baroda at 12.2%. SBI is much larger by market cap at Rs 9,78,646 crore against Rs 1,42,057 crore, while Bank of Baroda trades at a lower P/E of 7.10 against 10.41 and has a slightly higher ROE at 13.63% against 13.36%. The better choice depends on your view of each bank.

What does Bank of Baroda do?

Ans. Bank of Baroda is a public sector bank founded in Vadodara in 1908 that serves retail, farm, business and corporate customers in India and overseas.

What is the return on equity of the Bank of Baroda stock?

Ans. The return on equity of the Bank of Baroda stock is 13.63% and its price to book ratio is 0.81. For a lender, ROE and the price to book ratio are the two numbers that show how well the bank turns shareholder capital into profit and how much the market pays for it. Always check the latest results for current figures.

Is Bank of Baroda expensive compared with the industry?

Ans. Bank of Baroda trades at a P/E of 7.10 against an industry P/E of 12.66. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.

Which bank stock gave the highest return in 3 years?

Ans. Among the companies compared here, State Bank of India delivered the highest three-year CAGR at 22.3%, followed by Bank of Baroda at 12.2%. Past returns do not guarantee future performance.

How do I calculate CAGR for a stock?

Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.