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MAHABANK vs PNB: Stock Comparison

BANK OF MAHARASHTRA vs PUNJAB NATIONAL BANKUpdated 23 Oct 26, 4:08 PM ISTNSE & company filings

PUNJAB NATIONAL BANK is the larger company by market capitalisation. BANK OF MAHARASHTRA shows a higher ROE, a higher dividend yield and a higher net margin, while PUNJAB NATIONAL BANK shows a lower P/E, faster revenue growth and a higher ROCE. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

MAHABANK leads 5; PNB leads 6 of 11

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

MAHABANKPNB

Valuation lens

What price are you paying?

Market CapContext only
₹57,917 Cr
₹1.38 L Cr
P/E RatioPNB has the lower reading
7.68x
6.05x ✓
P/B RatioPNB has the lower reading
1.74x
0.86x ✓
EPSPNB has the higher reading
₹2.63
₹5.13 ✓
Book ValueContext only
₹53.03
₹148.58
Dividend YieldMAHABANK has the higher reading
2.92% ✓
2.49%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
PNB is the larger company
₹1.38 L Cr vs ₹57,917 Cr
P/E Ratio
PNB has a lower P/E
6.05x vs 7.68x
P/B Ratio
PNB has a lower P/B
0.86x vs 1.74x
EPS
PNB has higher earnings per share
₹5.13 vs ₹2.63
Dividend Yield
MAHABANK has a higher dividend yield
2.92% vs 2.49%
Revenue Growth (TTM YoY)
PNB has faster revenue growth
15.2% vs 9.4%
EPS Growth (TTM YoY)
MAHABANK has faster EPS growth
36.3% vs 1.9%
Qtr Profit Growth
PNB has stronger quarterly profit growth
4.16% vs 0.3%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricMAHABANKPNB
SectorFinancial ServicesFinancial Services
IndustryPublic Sector BankPublic Sector Bank

Price

MetricMAHABANKPNB
Live Price₹75.32₹120.37
Day Change-4.03%-1.74%
Volume1.85 Cr2.11 Cr
52-Week High₹94.5₹135.15
52-Week Low₹55.51₹98.5
Distance from 52W High-20.3%-10.94%

Valuation

MetricMAHABANKPNB
Market Cap₹57,917 Cr₹1.38 L Cr
P/E Ratio7.68x6.05x
P/B Ratio1.74x0.86x
EPS₹2.63₹5.13
Book Value₹53.03₹148.58
Dividend Yield2.92%2.49%

Growth

MetricMAHABANKPNB
Revenue Growth (TTM YoY)9.4%15.2%
EPS Growth (TTM YoY)36.3%1.9%
Qtr Profit Growth0.3%4.16%

Profitability & Leverage

Debt-to-equity is shown for reference only — it is not a like-for-like metric for banks and financials.
MetricMAHABANKPNB
ROE21.2%11.85%
ROCE17.29%26.82%
Net Margin39.8%29.34%
Operating Margin23.94%18.19%
Debt to Equity1.06x0.58x

Shareholding

As of Sep 2026 • change vs previous quarter
MetricMAHABANKPNB
Promoter Holding73.6%70.08%
FII Holding6.51%▲ 0.7 pp6.66%▲ 0.73 pp
DII Holding13.77%▼ 0.5 pp16.13%▲ 0.06 pp
Public Holding6.13%▼ 0.19 pp7.13%▼ 0.79 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BANK OF MAHARASHTRA and PUNJAB NATIONAL BANK.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.