Bank of Maharashtra

    MAHABANK
    Banking
    ₹76.12
    Price as of 26 Oct 2026, 4:53 pm IST

    Market cap ₹58,548 Cr

    P/E
    7.78
    Day range
    ₹72.77 – ₹76.12
    52-week range
    ₹55.51 – ₹94.50
    Volume
    1.38 Cr
    Open
    ₹75.70
    Prev close
    ₹75.32

    Latest results · Q1 FY27(consolidated)Revenue ₹8,035 Cr+13.9%Profit ₹2,021 Cr+26.8%Margin 25.1%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    MAHABANK in NSE indices and F&O

    F&O margin for one lot of MAHABANK (6,500 shares)

    Research profile

    Composite 55 / 100

    Factor percentiles

    Value61
    Quality36
    Momentum68
    Low volatility54

    Derived metrics

    Earn. yield
    12.9%
    Graham no.
    ₹101.66
    vs Graham
    +33.5%
    ROE ÷ P/B
    14.0%
    12-1 mom.
    +49.5%
    Return / vol
    1.03
    FCF yield
    -20.3%
    PEG
    0.22

    Appears in 13 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 34 in Banking
    Largest Banking companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    HDFC BankHDFCBANK₹10.61 L Cr15.041.7714.3%7.0%—0.98+9.4%
    ICICI BankICICIBANK₹10.07 L Cr17.232.5817.1%7.2%—0.76+16.2%
    State Bank of IndiaSBIN₹8.87 L Cr10.301.4216.0%6.1%—1.30+8.4%
    Kotak Mahindra BankKOTAKBANK₹4.38 L Cr21.612.3611.4%7.0%—0.53+6.4%
    Axis BankAXISBANK₹3.80 L Cr12.731.6513.2%6.2%—1.41+17.9%
    Punjab National BankPNB₹1.39 L Cr6.090.8613.0%6.1%—0.86+8.5%
    Union Bank of IndiaUNIONBANK₹1.38 L Cr6.290.9515.7%6.3%—0.71+8.3%
    Bank of MaharashtraMAHABANK₹58,548 Cr7.781.6222.7%6.0%—1.06+13.9%
    Sector median₹58,006 Cr9.681.1713.1%6.3%—0.87+15.8%

    Sector as classified in the tracked universe; medians use every tracked Banking company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 8d ago

    Headlines about Bank of Maharashtra from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    7.3
    EPS (TTM)
    ₹9.80
    Price / Book
    1.57
    ROE (FY26)
    22.7%
    Dividend yield
    2.89%

    Moving averages (NSE)

    20-day
    ₹81.09
    Price below
    50-day
    ₹81.98
    Price below
    200-day
    ₹76.46
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +22.6%
    Profit 3Y CAGR
    +39.1%
    Revenue YoY (Sep 2026)
    +20.7%
    Profit YoY (Sep 2026)
    +28.0%
    Net margin
    24.8%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr2.5K Cr5K Cr7.5K Cr10K Cr
    • Revenue
    • Net profit

    Operating margin

    Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • DII
    • FII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-20K Cr-10K Cr0 Cr10K Cr20K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-75%-50%-25%0%25%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr20K Cr40K Cr60K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 20260x1x2x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY18FY19FY20FY21FY22FY23FY24FY25FY26FY27₹0₹0.5₹1₹1.5

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
    Revenue5,1725,4675,8756,0176,3256,7317,0547,1287,3447,7558,0358,606
    Interest2,7052,8823,0753,2103,3813,6143,7623,8803,9224,0524,2644,652
    Expenses2,0762,3392,3492,2192,2692,5612,4142,2752,3482,3122,5222,369
    Financing Profit3902464505886755568789731,0751,3911,2481,585
    Financing Margin %8%4%8%10%11%8%12%14%15%18%16%18%
    Other Income6801,0228947927889818258469339381,0291,129
    Depreciation000000000000
    Profit before tax1,0701,2681,3441,3801,4631,5371,7031,8192,0082,3302,2772,715
    Tax %3%4%4%4%4%3%6%10%11%14%11%15%
    Net Profit1,0381,2301,2951,3331,4121,5021,5041,6691,7992,0452,0232,136
    EPS in Rs₹1.47₹1.74₹1.83₹1.88₹1.84₹1.95₹1.96₹2.17₹2.34₹2.66₹2.63₹2.78
    Gross NPA %2.0%1.9%1.9%1.8%1.8%1.7%1.7%1.7%1.6%1.4%1.4%1.3%
    Net NPA %0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.1%0.1%0.1%0.1%

    From company filings, updated 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Strengths, risks & growth

    Bank of Maharashtra is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other banking operations. [1]

    Strengths

    • Company has delivered good profit growth of 65.2% CAGR over last 5 years
    • Company has been maintaining a healthy dividend payout of 19.4%

    Risks

    • Company has low interest coverage ratio.
    • Tax rate seems low
    • Contingent liabilities of Rs.50,756 Cr.
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +8%
    5 Years
    +20%
    3 Years
    +23%
    TTM
    +17%

    Compounded Profit Growth

    10 Years
    +50%
    5 Years
    +65%
    3 Years
    +39%
    TTM
    +31%

    Stock Price CAGR

    10 Years
    +9%
    5 Years
    +28%
    3 Years
    +22%
    1 Year
    +29%

    Return on Equity

    10 Years
    +10%
    5 Years
    +20%
    3 Years
    +23%
    Last Year
    +23%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter73.60%73.60%73.60%73.60%0.00 pp
    FII4.92%5.55%5.82%6.50%+0.68 pp
    DII13.50%13.93%14.28%13.76%-0.52 pp
    Public7.97%6.93%6.32%6.14%-0.18 pp

    Filed with NSE for Sept 2026: promoters 73.60%, public 26.40% · XBRL filing

    Analysts & fund holdings

    75%
    75% recommend buy
    4 analysts cover the stock
    Valuation vs Banks
    P/E7.8 vs 16.4
    Sector P/B2.12
    Beta1.21

    Who holds the shares, quarter by quarter

    Mutual funds 6.78% (+0.02 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters73.6%
    • Foreign institutions6.5%
    • Mutual funds6.8%
    • Insurance6.7%
    • Other domestic institutions0.3%
    • Retail3.9%
    • Others2.3%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Kotak Mid Cap Fund2.35%2.16%-0.16 pp
    Aditya Birla SL PSU Equity Fund0.42%4.48%-0.56 pp
    Kotak Large & Mid Cap Fund0.39%0.78%-0.10 pp
    Canara Rob Mid Cap Fund0.18%2.24%-0.71 pp
    Aditya Birla SL Multi Asset Allocation Fund0.18%1.45%-0.34 pp

    Scorecard

    Performance
    Avg
    Valuation
    Avg
    Growth
    Avg
    Profitability
    Avg
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    35.5%
    Downside volatility
    34.2%
    Worst 5% of days
    3.8%
    Average of that tail
    4.9%
    Max drawdown (1Y)
    19.7%
    Below its peak
    19.7%

    Against the market

    Beta vs Nifty 50
    1.40
    Correlation
    0.52
    Relative strength (3M)
    +1.3%
    ATR (14)
    3.4%

    Return

    Return 1M
    -8.6%
    Return 3M
    -4.0%
    Return 6M
    -5.6%
    Return 1Y
    +36.7%
    vs 200-day average
    -1.5%

    Momentum

    RSI (14)
    34.4
    MACD histogram
    -0.61
    Stochastic %K
    4.9
    ADX (14)
    16.0
    +DI / −DI
    13.0 / 27.1
    Money flow index
    43.3

    Participation

    Delivery (20d avg)
    44.5%
    vs its 60-day baseline
    -2.7 pts
    Volume vs 20-day
    +1.1σ
    Close vs day's VWAP
    -0.4%
    52-week position
    54 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.

    Free cash flow
    -₹11,758 Cr
    FCF yield
    -20.3%
    Cash conversion
    -1.61
    Accruals ratio
    0.043
    Net debt
    ₹7,488 Cr
    Net debt / equity
    0.23
    EV / sales
    2.16
    PEG
    0.22
    Capex intensity
    1.4%
    Revenue CAGR
    17.8%
    Profit CAGR
    33.4%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Insider trades

    Last 12 months, market trades
    Net selling ₹462 Cr
    3 buys · ₹28.8 L
    5 sells · ₹462 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Abhinav Kale
    Designated Person
    		Other——23 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Sale
    		Sell7,700₹6.3 L23 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Purchase
    		Buy15,576₹12.6 L23 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Sale
    		Sell3,800₹3.0 L23 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Sale
    		Sell18,496₹15.5 L23 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Purchase
    		Buy226₹18,98423 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Purchase
    		Buy18,969₹15.9 L23 Oct 2026
    Anil Kumar Gopi Chandra
    Designated Person · Market Sale
    		Sell7,790₹6.4 L23 Oct 2026
    President of India
    Promoters · Market Sale
    		Sell46,15,68,297₹462 Cr8 Dec 2025

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • dividend
      ₹1.20

      Dividend - Rs 1.20 Per Sh

      5 Jun 2026
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      20 Jan 2026
      ex-date
    • dividend
      ₹1.50

      Dividend - Rs 1.50 Per Share

      9 May 2025
      ex-date
    • dividend
      ₹1.40

      Dividend - Rs 1.40 Per Share

      10 May 2024
      ex-date
    • dividend
      ₹1.30

      Dividend - Rs 1.30 Per Share

      23 May 2023
      ex-date
    • dividend
      ₹0.50

      Annual General Meeting/Dividend - Rs 0.50 Per Share

      20 Jun 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      16 Jun 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      3 Aug 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      19 Jun 2019
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      13 Jun 2018
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      8 Jun 2017
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      21 Jun 2016
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/ Dividend - Re 0.80/- Per Share

      19 Jun 2015
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      29 May 2014
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1/- Per Share (Purpose Revised)

      6 Feb 2014
      ex-date
    • dividend
      ₹2.30

      Annual General Meeting And Dividend - Rs. 2.30 Per Share

      30 May 2013
      ex-date
    • dividend
      ₹2.20

      Annual General Meeting And Dividend - Rs. 2.20 Per Share

      14 Jun 2012
      ex-date
    • dividend
      ₹2.00

      Dividend-Rs.2/- Per Share

      16 Jun 2011
      ex-date
    • dividend
      ₹2.00

      Dividend-Rs.2/- Per Share

      30 Jun 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Rs.1.50 Per Share

      2 Jul 2009
      ex-date

    Company announcements

    Others
    Compliances-Reg. 54 - Asset Cover details

    Security Cover for the quarter ended 30.09.2026

    Result
    Financial Results Of The Bank For The Quarter And Half Year Ended 30.09.2026

    Financial results of the Bank for the Quarter and half year ended 30.09.2026

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Press release on the financial results of the Bank for the quarter and half year ended 30.09.2026

    Company Update
    Announcement under Regulation 30 (LODR)-Investor Presentation

    Investor Presentation on the financial results for the quarter and half year ended 30.09.2026

    Board Meeting
    Board Meeting Outcome for Financial Results For Quarter And Half Year Ended 30.09.2026

    Financial Results for Quarter and Half Year ended 30.09.2026

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Earning's Call

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Considering Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2026

    Bank Of Maharashtrahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/10/2026 ,inter alia, to consider and approve unaudited financial results ....

    Others
    Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD

    Annual interest payment on bonds INE457A08092

    Company Update
    Intimation Of ESG Ratings

    Intimation of ESG ratings

    Others
    Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

    Statement of Outstanding Bonds for half year ended 30.09.2026

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Change in Senior Management

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Superannuation of Chief Vigilance Officer

    Corp Action
    Announcement under Regulation 30 (LODR)-Interest Rates Updates

    Review of MCLR Rate

    Others
    Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD

    Interest and Redemption Payment on Maturity for ISIN INE457A08035

    Filed with BSE (scrip 532525); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 10 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Bank of Maharashtra: common questions

    Answered from the figures on this page.

    Bank of Maharashtra last traded at ₹76.12 (NSE, as of 26 Oct 2026). The last session moved it up 1.06%.

    Bank of Maharashtra is valued at about ₹58,548 crore (NSE, as of 26 Oct 2026).

    Bank of Maharashtra trades at a price-to-earnings ratio of 7.78 (NSE, as of 26 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Bank of Maharashtra has traded between ₹55.51 and ₹94.50 over the past 52 weeks, to 26 Oct 2026. It is currently 53% of the way up that range.

    Bank of Maharashtra (MAHABANK) is classified under Banking on this site's screener.