High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 36.5% return compared to 9.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Balance Sheet: Strong Balance Sheet.
Growth: Good revenue growth. With 89.4% growth over past three years, the company is going strong.
Dividend: Dividend paying stock. Dividend yield of 3.76%.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Profitability: Very strong Profitability. One year profit margin are 20%.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 51.19 kCr |
| Price/Earnings (Trailing) | 7.48 |
| Price/Sales (Trailing) | 1.61 |
| EV/EBITDA | 2.3 |
| Price/Free Cashflow | 5.82 |
| MarketCap/EBT | 7.24 |
| Enterprise Value | 51.19 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 31.84 kCr |
| Rev. Growth (Yr) | 16.4% |
| Earnings (TTM) | 6.5 kCr |
| Earnings Growth (Yr) | 26.5% |
Profitability | |
|---|---|
| Operating Margin | 33% |
| EBT Margin | 22% |
| Return on Equity | 1.74% |
| Return on Assets | 1.74% |
| Free Cashflow Yield | 17.19% |
Growth & Returns | |
|---|---|
| Price Change 1W | 8.5% |
| Price Change 1M | -5.1% |
| Price Change 6M | 17.6% |
| Price Change 1Y | 52.6% |
| 3Y Cumulative Return | 36.5% |
| 5Y Cumulative Return | 25.7% |
| 7Y Cumulative Return | 24.7% |
| 10Y Cumulative Return | 8.6% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -494.94 Cr |
| Cash Flow from Operations (TTM) | 7.63 kCr |
| Cash Flow from Financing (TTM) | 4.75 kCr |
| Free Cash Flow (TTM) | 7.63 kCr |
| Free Cash Flow/Share (TTM) | 9.92 |
Balance Sheet | |
|---|---|
| Total Assets | 3.74 LCr |
| Shareholder Equity | 3.74 LCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.53 |
| Interest/Cashflow Ops | 1.55 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2.5 |
| Dividend Yield | 3.76% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 14.3% |
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 36.5% return compared to 9.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Balance Sheet: Strong Balance Sheet.
Growth: Good revenue growth. With 89.4% growth over past three years, the company is going strong.
Dividend: Dividend paying stock. Dividend yield of 3.76%.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Profitability: Very strong Profitability. One year profit margin are 20%.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 3.76% |
| Dividend/Share (TTM) | 2.5 |
| Shares Dilution (1Y) | 0.00% |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 49.2 |
| RSI (5d) | 60.38 |
| RSI (21d) | 39.45 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Bank of maharashtra's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings conference call held on January 13, 2026, Bank of Maharashtra's management, led by CEO Nidhu Saxena, provided a positive outlook, indicating that the bank is exceeding its growth guidance for the financial year. Key forward-looking points include:
Business Growth: Total business grew by 17.24% year-on-year, reaching INR 5,95,000 crores, surpassing the guidance of 15%. Total deposits increased by 15.3%, exceeding the 14% target.
Advances and CASA: Advances rose by 20%, against the guidance of 17%, while the CASA ratio remains above 50%.
Retail Loan Performance: Significant growth in retail loans was noted, with home loans increasing by 28%, vehicle loans by 54%, and gold loans by 56%, leading to an overall retail growth of 36% year-on-year.
Asset Quality: Gross NPA reduced from 1.72% to 1.60%, and net NPA decreased from 0.18% to 0.15%. The bank aims to maintain its gross NPA below 2% and net NPA below 0.25%.
Profitability Metrics: The bank reported a quarterly profit of INR 1,779 crores and a nine-month net profit of INR 5,005 crores. ROA was achieved at 1.86% and ROE at 23.79%, well above guidance figures.
Interim Dividend: The board approved a 10% interim dividend, reflecting confidence in financial performance.
Branch Expansion: The bank plans to open 321 new branches over 18 months, with 116 branches already operational, emphasizing strategic locations based on scientific data for potential growth.
Risk Management: Management aims for a stronger focus on core deposits while managing loan mix, ensuring profitability through better underwriting practices.
This outlook underlines a commitment to sustained growth while maintaining asset quality and profitability metrics.
Here are the major questions and their respective answers from the Q&A section of the earnings transcript:
Question: "Are you confident of achieving the gap or bridging this gap of about 9% for the whole year on the deposit front?" Answer: I assure you that we will achieve our deposit guidance of 14%. While our deposit growth has lagged behind credit growth, we focus on increasing low-cost CASA deposits. In this quarter, our CASA grew by 16%. We have consciously moved away from high-cost bulk deposits and will continue to focus on raising stable retail deposits.
Question: "How do we see ourselves offsetting some of the treasury losses going forward?" Answer: The variance in treasury income is impacted by a one-off INR290 crore hit due to the amalgamation of Maharashtra Gramin Bank. Excluding this, our treasury profit this quarter would have been around INR112 crore, which reflects an improvement. We anticipate better results in the next quarter.
Question: "What has caused the significant jump in retail profitability?" Answer: The rise in retail profitability is attributed to strong growth in home loans (28%), vehicle loans (54%), and gold loans (56%). We've also partnered with nine fintech companies to enhance our lending capabilities and pricing in the retail segment.
Question: "Are there any one-off items impacting the slippages this quarter?" Answer: Our slippages are within normal limits, being at 1.2% of the advances. There are no alarming trends, and our advance book is growing. We expect these figures to stabilise as we continue to manage our portfolio effectively.
Question: "What are the impacts of the new labor codes on your financials?" Answer: The impact from the new labor codes is minimal, around INR33 lakhs, which is insignificant for our operations. We're monitoring for any future implications but currently see no concern in this regard.
Question: "What is your current home loan rate for prime customers?" Answer: We are offering competitive home loan interest rates starting at 7.1% for prime borrowers based on their credit scores, promoting responsible lending practices.
Question: "Can you provide clarity on the decline in yield on advances?" Answer: The yield has been affected by a 125 bps rate cut from the regulator. Around 40% of our portfolio is linked to repo rates and is repriced quickly. While there is a temporary lag in deposit repricing, we are anticipating new loan opportunities that may benefit overall profitability.
Question: "What is your strategy behind the rebalancing in the MSME segment?" Answer: We are shifting focus towards higher-quality borrowers within the MSME segment. This involves centralizing our underwriting processes and actively seeking to grow our lending relationships, particularly through initiatives like TReDS and improving the quality of loans.
Question: "Can you elaborate on the factors affecting the increase in other expenses?" Answer: Our other expenses have spiked due to the opening of around 165 new branches, as well as increased depreciation from asset revaluation and IT capital expenditures. There was a one-time expense of INR63 crores from PLC certificates which won't recur.
Question: "What is the total gold loan portfolio of the Bank of Maharashtra?" Answer: Our total gold loan portfolio stands at INR22,000 crores, with INR12,000 crores in retail, INR9,000 crores in agriculture, and INR1,000 crores in MSME segments. This portfolio has grown significantly, and we intend to increase our presence in gold lending even further.
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Analysis of Bank of maharashtra's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Retail Banking Operations | 45.6% | 3.8 kCr |
| Corporate/Wholesale Banking Operations | 34.7% | 2.9 kCr |
| Treasury Operations | 18.8% | 1.6 kCr |
| Other Banking Operations | 0.9% | 78.8 Cr |
| Total | 8.3 kCr |
Understand Bank of maharashtra ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| President of India | 73.6% |
| KOTAK AGGRESSIVE HYBRID FUND | 2.19% |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C - ADITYA BIRLA SUN LIFE LARGE | 1.55% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Bank of maharashtra against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| MAHABANK | Bank of maharashtra | 51.19 kCr | 31.84 kCr | -5.10% | +52.60% | 7.48 | 1.61 | - | - |
| SBIN | State Bank Of India | 9.51 LCr | 7.08 LCr | -9.80% | +38.00% | 9.3 | 1.34 | - | - |
| BANKBARODA | Bank Of Baroda | 1.33 LCr | 1.57 LCr | -12.60% | +12.50% | 6.19 | 0.85 | - | - |
| UNIONBANK | Union Bank of India | 1.31 LCr | 1.31 LCr | -8.90% | +45.80% | 6.24 | 1 | - | - |
| PNB | Punjab National Bank | 1.2 LCr | 1.5 LCr | -12.40% | +10.20% | 7.47 | 0.8 | - | - |
| CANBK | Canara Bank | 1.17 LCr | 1.57 LCr | -11.40% | +48.60% | 5.99 | 0.75 | - | - |
Comprehensive comparison against sector averages
MAHABANK metrics compared to Banks
| Category | MAHABANK | Banks |
|---|---|---|
| PE | 7.48 | 9.25 |
| PS | 1.61 | 1.13 |
| Growth | 17.2 % | 5.4 % |
Bank of Maharashtra is a Public Sector Bank operating primarily in India.
With a stock ticker of MAHABANK, the bank boasts a market capitalization of Rs. 38,465.4 Crores. It offers a wide array of banking products and services, which are categorized into several segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking.
The bank provides various deposit options, including savings, current, term, and demand deposits, along with innovative schemes like capital gain accounts. Its loan offerings are extensive, featuring:
In addition to traditional banking, Bank of Maharashtra emphasizes digital banking and lending services, as well as participation in various government schemes. They also provide services related to debit and credit cards, documentary credits and collections, import/export financing, guarantees, travel-related forex, non-resident Indian services, remittance schemes, risk management services, and hedging against exchange risk.
Founded in 1935 and headquartered in Pune, India, the bank reported a trailing 12-month revenue of Rs. 27,179.3 Crores. It is a profitable entity, achieving a profit of Rs. 5,245.4 Crores over the past four quarters. In the last three years, the bank has experienced a revenue growth of 79.7%.
Bank of Maharashtra also distributes dividends to its investors, currently offering a dividend yield of 4.97% per year, with a recent dividend payout of Rs. 2.7 per share. However, it is notable that the company has diluted shareholder holdings by 14.3% over the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
MAHABANK vs Banks (2021 - 2026)