Bank of Maharashtra

NSE: MAHABANK BSE: 532525Banking

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]

₹78

52W: ₹50.1 — ₹85.9

PE 8.45 · Book ₹43 · +81% vs book

Market Cap₹59,971 Cr

Stock P/E8.45Price to Earnings

ROCE6.03%Return on Capital

ROE22.8%Return on Equity

Div. Yield1.91%Face Value ₹10

Strengths

+Company has delivered good profit growth of 66.4% CAGR over last 5 years
+Company has been maintaining a healthy dividend payout of 23.2%

Weaknesses

−Company has low interest coverage ratio.
−Tax rate seems low
−Contingent liabilities of Rs.47,914 Cr.
−Company might be capitalizing the interest cost

Shareholding Pattern

Promoters73.6%

FIIs5.55%

DIIs13.93%

Public6.93%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	86.46%	86.46%	79.6%▼6.9	79.6%	79.6%	79.6%	73.6%▼6.0	73.6%
FIIs	1.2%	1.26%▲0.1	1.54%▲0.3	1.72%▲0.2	1.89%▲0.2	2.35%▲0.5	4.92%▲2.6	5.55%▲0.6
DIIs	4.58%	4.46%▼0.1	10.88%▲6.4	10.67%▼0.2	10.4%▼0.3	10.06%▼0.3	13.5%▲3.4	13.93%▲0.4
Public	7.75%	7.81%▲0.1	7.99%▲0.2	8%▲0.0	8.11%▲0.1	8%▼0.1	7.97%▼0.0	6.93%▼1.0

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0	0	0	0	0	0	0	0	0	0
Expenses	2,076	2,339	2,349	2,219	2,269	2,561	2,414	2,274	2,348	2,311
Operating Profit	0	0	0	0	0	0	0	0	0	0
OPM %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	1,036	1,218	1,293	1,327	1,406	1,493	1,593	1,633	1,779	2,014
EPS ₹	1.46	1.72	1.83	1.87	1.83	1.94	2.07	2.12	2.31	2.62

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 13.93% (+7.50pp change). FIIs: 5.55% (+4.87pp change). Promoters hold 73.6%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 8.45x with 6.03% ROCE. Price is 81% above book value of ₹43. Dividend yield: 1.91%.