Bank of baroda

Quantitative Factors
Information presented in this section is derived from our audited restated consolidated financial statements prepared in
accordance with Indian GAAP.
1.
Weighted average earnings per share (EPS)*
Period
EPS(Rs.)
Weight
Year ended March 31, 2003
28.23
1
Year ended March 31, 2004
35.62
2
Year ended March 31, 2005
25.57
3
Weighted Average
29.36
*
The weighted average number of Equity Shares has been considered for calculation of EPS.
2.
Price/Earning (P/E) ratio in relation to Issue Price of Rs. [
]
a.
Based on twelve months ended March 31, 2005 is [
]
b.
Industry P/E
(1)
i)
Highest:
13.0
ii)
Lowest:
6.2
iii)
Average (composite):
9.9
(1)
Source: “Capital Market” VolumeXX/20 dated December 5, 2005 to December 18, 2005 for the Category titled
‘Banking – Public Sector’.

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3.
Weighted average return on average net worth 
(2)
Period
Return on Average Net Worth (%)
Weight
Year ended March 31, 2003
18.91
1
Year ended March 31, 2004
20.20
2
Year ended March 31, 2005
12.66
3
Weighted Average
16.22
(2)
Net worth has been computed by aggregating share capital, reserves and surplus and adjusting for revaluation
reserves, intangible assets and deferred tax assets as per our audited restated financial statements.
4.
Minimum Return on Increased Net Worth Required to maintain pre-Issue EPS.
The minimum return on increased net worth required to maintain pre-Issue EPS is [
] %.
5.
Net Asset Value per Equity Share at September 30, 2005 is Rs.196.33.
6.
Net Asset Value per Equity Share after Issue
The net asset value per Equity Share after the Issue is [
]
Issue Price per Equity Share: Rs. [
]
Issue Price per Equity Share will be determined on conclusion of book building process.
7.
Comparison of Accounting Ratios as of March 31, 2005