Bank of Maharashtra

    MAHABANK
    Banking
    ₹84.20
    price as of 11/9/2026, 5:28:10 pm

    Market cap ₹64,763 Cr

    P/E
    8.60
    Day range
    ₹83.05 – ₹84.90
    52-week range
    ₹53.52 – ₹94.50
    Volume
    2.17 Cr
    Open
    ₹83.80
    Prev close
    ₹84.35
    Promoters pledged 1.3% of their shares
    52-week range, adjusted for splits and bonuses
    ₹52.56₹94.5
    10 Sept 202529 Jun 2026
    Index membership & F&O
    NIFTY 500NIFTY MIDCAP 150NIFTY PSU BANKF&O lot 6,500

    Price history

    6M change +25.60%RSI (14) 55.1 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 54.1% today vs 43.9% average · BSE close ₹84.17

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹60₹70₹80₹90₹1000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long build-up
    Near-month future
    ₹84.89
    Change
    +0.37%
    Basis over spot
    +₹0.69
    Futures OI (shares)
    3.43 Cr
    OI change
    +12.60%
    Put-call ratio
    0.50
    Max pain
    ₹85
    Resistance (call OI)
    ₹90
    Support (put OI)
    ₹85
    Lot size
    6,500

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    7074767880828486889092949698030.0 L60.0 L90.0 L1.20 Crspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    8.6
    EPS (TTM)
    ₹9.80
    ROE (FY26)
    22.7%
    Dividend yield
    2.61%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +22.6%
    Profit 3Y CAGR
    +39.1%
    Revenue YoY (Jun 2026)
    +13.9%
    Profit YoY (Jun 2026)
    +34.5%
    Net margin
    25.2%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr2.5K Cr5.0K Cr7.5K Cr10.0K Cr
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • Public
    • FII

    Cash flows

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

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-12.0KCr-6.0K Cr0 Cr6.0K Cr12.0K 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%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr9.0K Cr18.0K Cr27.0K Cr36.0K Cr0.0x0.5x0.9x1.4x1.8x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Revenue5,0685,1725,4675,8756,0176,3256,7317,0547,1287,3447,7558,035
    Interest2,6362,7052,8823,0753,2103,3813,6143,7623,8803,9224,0524,264
    Expenses2,1642,0762,3392,3492,2192,2692,5612,4142,2752,3482,3122,522
    Financing Profit2683902464505886755568789731,0751,3911,248
    Financing Margin %5%8%4%8%10%11%8%12%14%15%18%16%
    Other Income6686801,0228947927889818258469339381,029
    Depreciation000000000000
    Profit before tax9361,0701,2681,3441,3801,4631,5371,7031,8192,0082,3302,277
    Tax %2%3%4%4%4%4%3%6%10%11%14%11%
    Net Profit9201,0381,2301,2951,3331,4121,5021,5041,6691,7992,0452,023
    EPS in Rs₹1.30₹1.47₹1.74₹1.83₹1.88₹1.84₹1.95₹1.96₹2.17₹2.34₹2.66₹2.63
    Gross NPA %2.2%2.0%1.9%1.9%1.8%1.8%1.7%1.7%1.7%1.6%1.4%1.4%
    Net NPA %0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.1%0.1%0.1%

    From company filings, updated 11 Sept 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
    +16%

    Compounded Profit Growth

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

    Stock Price CAGR

    10 Years
    +10%
    5 Years
    +36%
    3 Years
    +27%
    1 Year
    +54%

    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
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter79.60%73.60%73.60%73.60%0.00 pp
    FII2.35%4.92%5.55%5.82%+0.27 pp
    DII10.06%13.50%13.93%14.28%+0.35 pp
    Public8.00%7.97%6.93%6.32%-0.61 pp

    Filed with NSE for Jun 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/E8.6 vs 16.6
    Sector P/B2.14
    Beta1.26

    Who holds the shares, quarter by quarter

    Mutual funds 6.76% (+0.49 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters73.6%
    • Foreign institutions5.8%
    • Mutual funds6.8%
    • Insurance7.3%
    • Other domestic institutions0.3%
    • Retail3.9%
    • Others2.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Kotak Mid Cap Fund2.33%2.08%+0.10 pp
    Aditya Birla SL PSU Equity Fund0.43%4.41%-0.64 pp
    Kotak Large & Mid Cap Fund0.39%0.74%-0.04 pp
    Canara Rob Mid Cap Fund0.19%2.21%-0.74 pp
    Aditya Birla SL Multi Asset Allocation Fund0.18%1.47%-0.32 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.

    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

    Insider trades

    Last 12 months, market trades
    Net selling ₹462 Cr
    0 buys · ₹0
    1 sells · ₹462 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    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.

    Company announcements

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

    Appointment of Shri Saurabh Kumar as GOI Nominee Director on the Board of the Bank

    Company Update
    Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

    Notice of proposed Bank Strike

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

    Annual interest payment on bonds INE457A08118

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

    Investor Presentation for Investor Meet

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation of Credit Rating of the Euro Medium Term Note Programme by S&P Global Ratings

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Intimation of Credit Rating of the Euro Medium Term Note Programme by FITCH Ratings

    Company Update
    Intimation Of Establishment Of Euro Medium Term Note Programme

    Bank has established its USD 500 million Medium Term Note Programme

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

    Schedule of Non Deal Road Shows / Analysts/ Institutional Investors Meet of the Bank

    Corp. Action
    Intimation Of Record Date For Redemption Payment On Bonds

    Intimation of record date on redemption of bonds (INE457A08035)

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

    Revision in MCLR Rates

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

    Appointment of Shri Naresh Kumar Vashisht as Part-time Non-official Director on the Board of the Bank

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

    Annual interest payment on bonds INE457A08175

    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.