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Bank of Maharashtra

(MAHABANK)

₹50.92▲1.49%

as on 09:36AM, 14 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Bank of Maharashtra Performance

  • Day's Low

    Day's High

    ₹50.2
    ₹51.16
  • 52 Week's Low

    52 Week's High

    ₹42.85
    ₹73.5
1 Month Return-7.44 %
3 Month Return-17.14 %
1 Year Return+ 8.13 %
Previous Close₹50.17
Open₹50.99
Volume1.08Cr
Upper Circuit-
Lower Circuit-
Market Cap₹38,588.53Cr

Bank of Maharashtra Key Statistics

P/E Ratio7.25
PEG Ratio3.76
Market Cap₹38,588.53 Cr
P/B Ratio2.42
EPS5.75
Dividend Yield2.25
SectorBanks
ROE25.06

Bank of Maharashtra Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹38,588.53 Cr69.59%NA₹4,071 Cr₹23,509 Cr
NA₹82,599.95 Cr28.24%NA₹5,788 Cr₹30,421 Cr
NA₹49,748.74 Cr43.05%NA₹1,671 Cr₹25,119 Cr
NA₹45,158.25 Cr33.77%NA₹2,667 Cr₹35,662 Cr
NA₹93,226.70 Cr80.65%NA₹2,665 Cr₹29,730 Cr

About Bank of Maharashtra

Bank of Maharashtra is a publicly listed Indian banking and financial services company headquartered in Maharashtra, India. It is part of the State Bank of India Group, India’s largest banking, and financial services group. Bank of Maharashtra focuses on providing banking and financial services to the rural, semi-urban, and urban market including both individuals and corporates. It offers a range of financial products and services including deposits, mutual funds, loans, insurance, investments, foreign exchange, and more. Bank of Maharashtra is known for its transparency, customer-oriented services, competitive interest rates, and speedy delivery of services. They are committed to providing the best customer service and look forward to helping individuals and corporates thrive and achieve their financial goals. This stock listed in Indian Stock Exchange is a reliable and trustworthy bank for financial solutions.

Share Price: ₹50.92 per share as on 14 Nov, 2024 09:36 AM
Market Capitalisation: ₹38,588.53Cr as of today
Revenue: ₹6,809.43Cr as on September 2024 (Q3 24)
Net Profit: ₹1,332.77Cr as on September 2024 (Q3 24)
Listing date: 12 Apr, 2004
OrganisationBank of Maharashtra
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for Bank of Maharashtra

  • CRISIL Reaffirms A1+ Rating for Bank of Maharashtra - 06 Nov, 2024

    CRISIL has reaffirmed the 'A1+' rating for Bank of Maharashtra, citing improved asset quality and profitability. Gross advances grew by 13.6%, while GNPAs decreased to 1.84%. The bank's PAT for H1 FY2025 was Rs 2,620 crore, reflecting strong financial performance.

  • Bank of Maharashtra Gains New Management Post Approval - 21 Oct, 2024

    The Finance Ministry has approved the creation of Chief General Manager posts in five nationalized banks, including the Bank of Maharashtra, enhancing its management structure.

  • Bank of Maharashtra Raises Lending Rates Amid Profit Surge - 19 Oct, 2024

    On October 19, Bank of Maharashtra increased its MCLR for tenures over six months by 5bps to 9.05%. This follows a 44.28% rise in Q2 FY25 net profit to Rs 1,327.08 crore. Shares closed 0.39% higher at Rs 54.18 on October 18.

  • Bank of Maharashtra Reports Strong Growth Amid Rising Deposit Costs - 17 Oct, 2024

    Bank of Maharashtra reported a 15% YoY increase in net interest income and a 44% rise in net profit. Despite rising deposit costs, it maintains a stable NIM guidance of 3.75-3.90%. LIC increased its stake to 7.10%, reflecting confidence in the bank's performance.

  • Bank of Maharashtra Reports Strong Q2 FY25 Results - 16 Oct, 2024

    Bank of Maharashtra's net profit surged 44% YoY to Rs 1,327 crore in Q2 FY25, supported by a 15% increase in net interest income. The bank's asset quality improved, with net NPAs at 0.2%. Shares rose over 2% following the positive results.

  • Bank of Maharashtra Reports Strong Q2 Profit Growth - 15 Oct, 2024

    Bank of Maharashtra's Q2 profit surged 44% to Rs 1,327 crore, supported by a rise in net interest income and improved asset quality. The bank's capital adequacy ratio remains healthy at 17.26%.

  • Bank of Maharashtra Reports Strong Financial Performance - 14 Oct, 2024

    The Bank of Maharashtra reported net NPAs at 0.2% and gross NPAs at 1.85%. The bank's net profit has grown at a CAGR of 23% over five years, achieving a return on equity of 22.8% as of March 2024.

  • Bank of Maharashtra Shares Experience Slight Decline - 11 Oct, 2024

    On October 11, 2024, Bank of Maharashtra shares traded at ₹54.15, down 0.02% from the previous close. The stock showed moderate volatility, with a 52-week range of ₹38.65 to ₹73.50. Investors are awaiting the upcoming Board meeting on October 15, 2024, for financial results.

  • Bank of Maharashtra Reports Strong Growth Amid Share Price Pressure - 10 Oct, 2024

    Bank of Maharashtra reported significant growth in credit and total business for Q2 FY24, with advances up 18.73% and total deposits rising 15.46%. However, share price faced pressure due to a recent QIP issuance at a discount, raising concerns about shareholder dilution.

Insights on Bank of Maharashtra

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, MAHABANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 1.26% to 1.95% in Oct 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 10 quarters, 3.77K Cr → 6.80K Cr (in ₹), with an average increase of 6.3% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 16 quarters, 155.74 Cr → 1.33K Cr (in ₹), with an average increase of 13.0% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.33% to 0.62% in Oct 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 42.2% return, outperforming this stock by 28.3%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 86.46% to 79.60% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.81% to 7.43% in Oct 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, MAHABANK stock has moved down by -16.0%

Bank of Maharashtra Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹5,735.54Cr (-)₹5,851.55Cr (↑2.02%)₹6,488.48Cr (↑10.88%)₹6,768.76Cr (↑4.32%)₹6,809.43Cr (↑0.60%)
Net Income₹919.84Cr (-)₹1,038.40Cr (↑12.89%)₹1,229.87Cr (↑18.44%)₹1,295.09Cr (↑5.30%)₹1,332.77Cr (↑2.91%)
Net Profit Margin16.04% (-)17.75% (↑10.66%)18.95% (↑6.76%)19.13% (↑0.95%)19.57% (↑2.30%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,96,665.02Cr (-)₹2,30,623.80Cr (↑17.27%)₹2,67,664.30Cr (↑16.06%)₹3,07,150.75Cr (↑14.75%)
Total Liabilities₹1,96,665.02Cr (-)₹2,30,623.80Cr (↑17.27%)₹2,67,664.30Cr (↑16.06%)₹3,07,150.75Cr (↑14.75%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹702.88Cr (-)₹2,466.89Cr (↑250.97%)₹6,898.13Cr (↑179.63%)-₹1,437.75Cr (↓120.84%)₹11,596.79Cr (↓906.59%)

Index Inclusions

Nifty Midcap 100

₹54,199.60

0.74 (â–²398.75%)

S&P BSE PSU

₹19,134.09

0.08 (â–²14.93%)

S&P BSE 150 MidCap

₹15,256.01

0.52 (â–²78.26%)

Nifty PSU Bank

₹6,595.70

0.88 (â–²57.55%)

BSE Mid-Cap

₹44,347.21

0.54 (â–²239.23%)

S&P BSE 400 MidSmallCap

₹11,637.07

0.62 (â–²71.43%)

S&P BSE Fin. Ser

₹11,202.77

0.8 (â–²88.51%)

Nifty 200

₹13,243.55

0.32 (â–²41.6%)

Nifty Midcap 150

₹20,148.00

0.69 (â–²137.25%)

S&P BSE Enhanced Value

₹893.87

0.39 (â–²3.43%)

Nifty LargeMidcap 250

₹15,307.60

0.46 (â–²69.85%)

Nifty MidSmallcap 400

₹19,000.35

0.77 (â–²144.75%)

BSE 500

₹34,655.16

0.35 (â–²121.58%)

S&P BSE 250 LargeMidCap

₹10,258.46

0.3 (â–²30.94%)

Nifty 500

₹21,998.30

0.38 (â–²83.35%)

S&P BSE AllCap

₹10,471.31

0.68 (â–²71.07%)

Bank of Maharashtra Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
79.6%
-7.93
Foreign Institutions
1.95%
54.90
Mutual Funds
0.62%
84.54
Retail Investors
7.42%
-4.97
Others
10.41%
151.74

Bank of Maharashtra Key Indicators

Details20202021202220232024
Return On Equity %3.663.969.919.6825.06
Details20202021202220232024
Return On Assets %0.240.290.50.971.33
Details20202021202220232024
Book Value Per Share (₹)16.5616.9718.5521.2726.02
Details20202021202220232024
Earning Per Share (₹)0.680.871.713.875.75

Bank of Maharashtra Valuation

Bank of Maharashtra in the last 5 years

  • Overview

  • Trends

Lowest (-1.21x)

July 5, 2019

Today (7.25x)

November 13, 2024

Industry (15.50x)

November 13, 2024

Highest (34.33x)

February 25, 2021

LowHigh

Bank of Maharashtra Earnings and Dividends

  • Bank of Maharashtra Earnings Results

    Bank of Maharashtra’s net profit jumped 44.89% since last year same period to ₹1,332.77Cr in the Q2 2024-2025. On a quarterly growth basis, Bank of Maharashtra has generated 2.91% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Bank of Maharashtra Dividends April,2024

    In the quarter ending March 2024, Bank of Maharashtra has declared dividend of ₹1.40 - translating a dividend yield of 2.79%.

    Read More about Dividends

Bank of Maharashtra Technicals Summary

Bearish

Neutral

Bullish

Bearish

Bank of Maharashtra is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Bank of Maharashtra

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Bank of Maharashtra (MAHABANK) share price today is ₹50.92

Bank of Maharashtra is listed on NSE

Bank of Maharashtra is listed on BSE

  • Today’s highest price of Bank of Maharashtra is ₹51.16.
  • Today’s lowest price of Bank of Maharashtra is ₹50.2.

PE Ratio of Bank of Maharashtra is 7.25

PE ratio = Bank of Maharashtra Market price per share / Bank of Maharashtra Earnings per share

Today’s traded volume of Bank of Maharashtra(MAHABANK) is 1.08Cr.

Today’s market capitalisation of Bank of Maharashtra(MAHABANK) is ₹38588.53Cr.

Bank of Maharashtra(MAHABANKPrice
52 Week High
₹73.5
52 Week Low
₹42.85

Bank of Maharashtra(MAHABANK) share price is ₹50.92. It is down -30.72% from its 52 Week High price of ₹73.5

Bank of Maharashtra(MAHABANK) share price is ₹50.92. It is up 18.83% from its 52 Week Low price of ₹42.85

Bank of Maharashtra(MAHABANKReturns
1 Day Returns
0.75%
1 Month Returns
-7.44%
3 Month Returns
-17.14%
1 Year Returns
8.13%