Bank of Maharashtra
Bank of Maharashtra valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Bank of Maharashtra, framed against the sector median so the premium or discount is obvious at a glance.
Bank of Maharashtra trades at a P/E of 9.57× and P/B of 2.02×, against the Financial Services sector median P/E of 8.21×.
Valuation
Profitability
Growth
Financial Health
Bank of Maharashtra financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Bank of Maharashtra, switchable between annual and quarterly views, consolidated or standalone.
Bank of Maharashtra reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹69,493.2 Cr and reported EPS of ₹9.12.
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Other Income | 1,650 | 2,627 | 2,653 | 2,281 | 2,999 | 3,455 | 3,542 |
| Total Income | 13,146 | 14,495 | 15,672 | 18,180 | 23,493 | 28,403 | 32,824 |
| Profit Before Tax (PBT) | -259 | 1,232 | 1,956 | 3,446 | 4,361 | 5,724 | 7,859 |
| Tax Expense | -649 | 681 | 804 | 843 | 305 | 203 | 839 |
| Profit After Tax (PAT) | 389 | 551 | 1,152 | 2,603 | 4,056 | 5,521 | 7,021 |
| Earnings Per Share (EPS) | 0.68 | 0.87 | 1.71 | 3.87 | 5.75 | 7.21 | 9.12 |
| Diluted Shares Outstanding (Nos.) | 582 | 656 | 673 | 673 | 708 | 769 | 769 |
| +Banking Income | 13,146 | 14,495 | 15,672 | 18,180 | 23,493 | 28,403 | 32,824 |
| +Banking Expenses | 10,298 | 10,536 | 10,824 | 12,079 | 15,487 | 19,082 | 21,996 |
| +Asset Quality & Capital | 12,152 | 7,780 | 5,327 | 4,334 | 3,833 | 4,185 | 4,246 |
| +Additional Disclosures | 10 | 20 | 2 | — | 16 | 21 | -4 |
| Tax % | 250 | 55 | 41 | 24 | 7 | 4 | 11 |
| Profit Growth % | — | 41.63 | 108.85 | 126.01 | 55.83 | 36.12 | 27.17 |
Bank of Maharashtra segment analysis: revenue and profit mix.
Disclosed business segments at Bank of Maharashtra with their share of revenue and profit, switchable between consolidated and standalone reporting.
Bank of Maharashtra discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Bank of Maharashtra investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Bank of Maharashtra, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Bank of Maharashtra's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
The company demonstrates a strong Return on Equity (ROE) of 22.80% and an impressive Operating Profit Margin (OPM) of 65.00%, indicating highly efficient capital utilization and operational management.
Bank of Maharashtra reported robust quarterly profit growth of 25.20% and sales growth of 18.50%, significantly outperforming many peers and signaling strong business momentum.
With a low Price-to-Earnings (P/E) ratio of 7.56, the stock appears undervalued. A healthy dividend yield of 2.51% further enhances its appeal for income-focused investors.
A substantial promoter holding of 79.6% reflects strong management confidence and commitment to the company's long-term vision, reducing risks of hostile takeovers.
The company has shown a consistent upward trend in net profit over multiple quarters, with the latest quarterly profit at 1669 Cr, demonstrating sustained financial performance.
What can break it.
The company carries a high debt-to-equity ratio of 10.70, indicating significant reliance on debt financing, which increases financial risk and vulnerability to interest rate fluctuations.
Bank of Maharashtra's Return on Capital Employed (ROCE) at 5.72% is notably lower than several key peers, suggesting less efficient use of overall capital compared to competitors.
A notable decrease in promoter holding from 90.97% to 79.6% over the past year raises concerns about potential future dilutions or shifts in management control.
The stock has experienced considerable volatility, fluctuating between a 52-week high of 61.40 and a low of 38.10, which may deter investors seeking stable capital appreciation.
The Public Sector Bank industry faces fierce competition from private banks and other financial institutions, potentially impacting market share, margins, and growth prospects.
What would change my mind.
Trim if P/E re-rates above 12 (~1.5× the sector multiple of 8.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 18%. The operating engine is no longer compounding capital efficiently.
Bank of Maharashtra peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Bank of Maharashtra is highlighted for quick read-across.
Quick Compare
Bank of Maharashtra technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Bank of Maharashtra — derived from the live tape, not yesterday's close.
Bank of Maharashtra last traded at ₹90.14 with an intraday range of ₹87.13–₹91 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹90.14| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 99.46 | +9.32 | +10.34% |
| R3 | 95.59 | +5.45 | +6.04% |
| R2 | 93.29 | +3.15 | +3.50% |
| R1 | 91.72 | +1.58 | +1.75% |
| PIVOT | 89.42 | -0.72 | -0.80% |
| CURRENT | 90.14 | — | — |
| S1 | 80.11 | -10.03 | -11.13% |
| S2 | 83.98 | -6.16 | -6.84% |
| S3 | 85.55 | -4.59 | -5.09% |
| S4 | 87.85 | -2.29 | -2.54% |
MAHABANK is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 87.64 ~ 89.3
Trading Above opening range, showing Bullishness
Bank of Maharashtra chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Bank of Maharashtra — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Bank of Maharashtra delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Bank of Maharashtra over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Bank of Maharashtra stood at 34.7% of traded volume, against a 20-day average of 45.0%.
Bank of Maharashtra announcements: results, concalls, ratings, M&A.
Filings Bank of Maharashtra sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Bank of Maharashtra files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 173 documents below.
Record Date
Bank of Maharashtra has informed the Exchange that Record date for the purpose of Dividend is 05-Jun-2026.
General Updates
Bank of Maharashtra has informed the Exchange about Revision in MCLR Rate
Disclosure under SEBI Takeover Regulations
Bank of Maharashtra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
General Updates
Bank of Maharashtra has informed the Exchange about Revision in MCLR Rates
Analysts/Institutional Investor Meet/Con. Call Updates
Bank of Maharashtra has informed the Exchange about Transcript
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Credit Rating
Bank of Maharashtra dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Bank of Maharashtra has declared, sequenced by announce and record date.
Bank of Maharashtra corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Bank of Maharashtra: business, sector, key facts.
What Bank of Maharashtra does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Bank of Maharashtra operates in the Financial Services, listed as NSE: MAHABANK, BSE: 532525.
Bank of Maharashtra (MAHABANK) is a prominent Indian banking institution established in 1935 and headquartered in Pune. Its core business revolves around offering a comprehensive suite of banking products and services to a diverse clientele across India. The bank's operations are structured into four key segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations, each contributing significantly to its overall performance and market presence.
The bank's deposit services cater to a wide spectrum of needs, encompassing savings, current, term, and demand deposits, along with specialized options like capital gain account schemes. On the lending side, MAHABANK provides a vast array of loan products, including those tailored for housing, vehicles, education, gold purchases, and personal needs. Further, it offers top-up loans, salary gain schemes, and environmentally focused initiatives such as green financing and rooftop solar panel loans. The bank also facilitates lending to micro, small, and medium enterprises (MSMEs) and the agricultural sector, playing a crucial role in supporting economic growth across various segments.
Beyond traditional lending, MAHABANK engages in various corporate and wholesale banking activities. This includes providing crucial financial services to businesses, encompassing working capital, term loans, project financing, infrastructure financing, export and bill financing, lines of credit, and commercial lease rental services. Additionally, it offers ancillary services such as accounts takeover, non-fund based services, and risk management solutions, further solidifying its position as a comprehensive financial partner for corporations.
MAHABANK also actively participates in the international arena, offering a range of services for import and export financing, documentary credits and collections, guarantees, travel-related forex services, non-resident Indian (NRI) services, capital account transactions, and remittance schemes. The bank also leverages technology to provide convenient digital banking and lending solutions, reflecting its commitment to modernization and customer accessibility. It also facilitates government schemes and offers debit and credit cards, ensuring a broad range of financial tools for its customer base. Through its diverse offerings and commitment to innovation, MAHABANK continues to hold a significant position in the Indian banking landscape.
Questions investors ask about Bank of Maharashtra (MAHABANK).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Bank of Maharashtra (MAHABANK)?
The current share price of Bank of Maharashtra (MAHABANK) is ₹90.14. Today, the stock has gained by ₹1.95 (2.21%), trading in a range of ₹87.13 to ₹91. The stock opened at ₹88.25 with a trading volume of 2,66,56,586 shares.
02Is Bank of Maharashtra stock a good investment for long-term?
Bank of Maharashtra can be considered for long-term investment based on several factors. The company has a market capitalization of ₹69,493.2 crores, P/E ratio of 9.57, ROE of 22.66%, and ROCE of 5.72%. The dividend yield stands at 2.52%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Bank of Maharashtra stock?
The 52-week high price of Bank of Maharashtra (MAHABANK) is ₹91.1, while the 52-week low is ₹51.71. Currently trading at ₹90.14, the stock is 97.6% away from its 52-week low and 1.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Bank of Maharashtra stock at the current price?
Whether to buy Bank of Maharashtra stock at ₹90.14 depends on multiple factors. The stock is currently trading with a P/E ratio of 9.57 and P/B ratio of 2.02. Today's performance shows a gain of 2.21%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Bank of Maharashtra and when is the next dividend?
Bank of Maharashtra offers a dividend yield of 2.52%, which means for every ₹100 invested at the current price of ₹90.14, you can expect to receive approximately ₹2.52 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Bank of Maharashtra?
Bank of Maharashtra's key financial metrics include: P/E Ratio: 9.57, P/B Ratio: 2.02, ROE: 22.66%, ROCE: 5.72%, Dividend Yield: 2.52%, EPS: ₹9.12, Book Value: ₹43.22, and Debt-to-Equity: 0.00. The company's market cap stands at ₹69,493.2 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Bank of Maharashtra stock performing today in the market?
Bank of Maharashtra stock opened at ₹88.25 and is currently trading at ₹90.14, showing a gain of ₹1.95 (2.21%). The intraday high is ₹91 and low is ₹87.13. The trading volume stands at 2,66,56,586 shares, indicating strong market participation today.
08What is the P/E ratio of Bank of Maharashtra and what does it indicate?
Bank of Maharashtra has a Price-to-Earnings (P/E) ratio of 9.57, which means investors are willing to pay ₹9.57 for every ₹1 of earnings. With an EPS of ₹9.12, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Bank of Maharashtra (MAHABANK) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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