Bank of Maharashtra Ltd
MAHABANKBank of Maharashtra Ltd
MAHABANK
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 8.47 | 2.08 | 2.40% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.61 | 2.45 | 0.98% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Bank of Maharashtra is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other banking operations.
Investor Presentation
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Compare with peersState Bank of India
Bank of Baroda Ltd
Punjab National Bank
Indian Overseas Bank
Canara Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 14,090.18 | 13,586.79 | 12,636.16 | 12,417.92 | 13,155.28 | 14,517.62 | 15,673.96 | 18,181.74 | 23,509.38 | 25,918.22 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 20,856.58 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 1,541.71 | 1,807.94 | 1,618.61 | 1,794.78 | 1,744.59 | 2,255.78 | 2,071.36 | 2,058.12 | 2,837.80 | |||||||||||
| Selling & Administrative Expenses | 501.13 | 531.38 | 549.53 | 597.05 | 686.20 | 737.14 | 797.50 | 889.35 | 1,014.10 | |||||||||||
| Operating & Other expenses | 11,462.70 | 13,256.03 | 13,571.33 | 14,547.96 | 10,114.69 | 10,765.12 | 11,383.33 | 11,523.62 | 15,057.48 | |||||||||||
EBITDA | 584.64 | -2,008.56 | -3,103.31 | -4,521.87 | 609.80 | 759.58 | 1,421.77 | 3,710.65 | 4,600.00 | 5,061.64 | ||||||||||
| Depreciation/Amortization | 149.25 | 117.90 | 128.60 | 241.37 | 210.95 | 188.11 | 268.34 | 262.49 | 223.49 | — | ||||||||||
| PBIT | 435.39 | -2,126.46 | -3,231.91 | -4,763.24 | 398.85 | 571.47 | 1,153.43 | 3,448.16 | 4,376.51 | 5,061.64 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 435.39 | -2,126.46 | -3,231.91 | -4,763.24 | 398.85 | 571.47 | 1,153.43 | 3,448.16 | 4,376.51 | 5,061.64 | ||||||||||
| Taxes & Other Items | 317.20 | -770.35 | -2,119.89 | 0.00 | 0.00 | 0.00 | 0.00 | 843.16 | 304.73 | 187.28 | ||||||||||
| Net Income | 118.19 | -1,356.11 | -1,112.02 | -4,763.24 | 398.85 | 571.47 | 1,153.43 | 2,605.00 | 4,071.78 | 4,874.36 | ||||||||||
| EPS | 1.06 | -11.61 | -5.90 | -17.80 | 0.93 | 0.92 | 1.74 | 3.87 | 5.90 | 6.88 | ||||||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 1.30 | 1.40 | 1.40 | ||||||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.34 | 0.24 | 0.20 |
Company Updates
Annual report
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PDFInvestor Presentation
Peers & Comparison
FinancialsPublic Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Bank of Maharashtra Ltd | 10.14 | 2.08 | 2.40% |
| State Bank of India | 10.81 | 1.68 | 1.69% |
| Bank of Baroda Ltd | 6.76 | 1.05 | 3.11% |
| Punjab National Bank | 12.84 | 1.05 | 1.41% |
Price Comparison
Compare MAHABANK with any stock or ETFShareholdings
Promoter Holdings Trend
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
No institutional holdings trend are available
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Oct 2024
Shareholding History
Mutual Funds Holding Trend
No mutual funds holding trends are available
Top 5 Mutual Funds holding Bank of Maharashtra Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Aditya Birla Sun Life Multi-Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1911% | Percentage of the fund’s portfolio invested in the stock 1.25% | Change in the portfolio weight of the stock over the last 3 months 1.25% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 56/83 (+23) |
Aditya Birla Sun Life Multi Asset Allocation Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0922% | Percentage of the fund’s portfolio invested in the stock 1.03% | Change in the portfolio weight of the stock over the last 3 months 1.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 36/102 (+60) |
Aditya Birla Sun Life PSU Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0707% | Percentage of the fund’s portfolio invested in the stock 0.54% | Change in the portfolio weight of the stock over the last 3 months 0.54% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 34/47 (+11) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 10, 2024
Dividend/Share
₹1.40
Ex DateEx Date
May 10, 2024
Cash Dividend
Ex DateEx DateMay 23, 2023
Dividend/Share
₹1.30
Ex DateEx Date
May 23, 2023
Cash Dividend
Ex DateEx DateJun 20, 2022
Dividend/Share
₹0.50
Ex DateEx Date
Jun 20, 2022
Cash Dividend
Ex DateEx DateJun 19, 2015
Dividend/Share
₹0.80
Ex DateEx Date
Jun 19, 2015
Cash Dividend
Ex DateEx DateFeb 6, 2014
Dividend/Share
₹1.00
Ex DateEx Date
Feb 6, 2014
Bank of Maharashtra has revised the Marginal Cost of Funds Based Lending Rate (MCLR) as under: Overnight - 8.20% One month - 8.40% Three months - 8.65% Six months - 8.85% More than six months - 9.10%Powered by Capital Market - Live
Bank of Maharashtra announced that Acuite Ratings & Research has reaffirmed the rating on the Bank's existing and proposed bonds between Acuite AA+ and Acuite AA with 'Stable' outlook. Powered by Capital Market - Live
Bank of Maharashtra is up for a fifth straight session today. The stock is quoting at Rs 56.85, up 1.85% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 24030.45. The Sensex is at 79346.41, down 1.11%. Bank of Maharashtra has gained around 9.28% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has gained around 1.02% in last one month and is currently quoting at 6783.95, up 0.64% on the day. The volume in the stock stood at 132.76 lakh shares today, compared to the daily average of 146.76 lakh shares in last one month.The PE of the stock is 8.8 based on TTM earnings ending September 24.Powered by Capital Market - Live
Bank of Maharashtra gained for a third straight session today. The stock is quoting at Rs 52.64, up 1.64% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78340.19, up 1.29%. Bank of Maharashtra has risen around 0.86% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has risen around 0.21% in last one month and is currently quoting at 6534.75, up 0.79% on the day. The volume in the stock stood at 64.96 lakh shares today, compared to the daily average of 154.41 lakh shares in last one month.The PE of the stock is 8.17 based on TTM earnings ending September 24.Powered by Capital Market - Live
Bank of Maharashtra fell for a fifth straight session today. The stock is quoting at Rs 50.86, down 3.14% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78007.07, down 0.85%.Bank of Maharashtra has eased around 6.16% in last one month.Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has eased around 0.18% in last one month and is currently quoting at 6745.95, down 1.86% on the day. The volume in the stock stood at 55.66 lakh shares today, compared to the daily average of 162.54 lakh shares in last one month.The PE of the stock is 8.29 based on TTM earnings ending September 24.Powered by Capital Market - Live
CRISIL said that the rating continues to factor in the expectation of strong support that the bank is expected to receive from the majority owner government of India (GoI), the bank's comfortable resource profile and the sustained improvement in asset quality and profitability. These strengths are partially offset by moderate scale and high regional concentration in operations. Gross advances stood at Rs 217,504 crore as on 30 September 2024, compared with Rs 203,664 crore on 31 March 2024, indicating half-yearly growth of 13.6% (annualised). Correspondingly, deposit base grew by 4.1% (annualised) over the first half of fiscal 2025 to Rs 276,289 crore as on 30 September 2024, with share of current account and savings account (CASA) in total deposits remaining healthy at 49.3%. Moreover, the bank's asset quality continued to improve sequentially. Gross non-performing assets (GNPAs) reduced to 1.84% as on 30 September 2024, from 1.88% as on 31 March 2024, led by reduced slippages and stable recoveries. As on 30 September 2024, total restructured assets stood at Rs 1,964 crore (0.9% of gross advances). Similarly, profitability witnessed gradual improvement, with return on assets (RoA) (annualised) of 1.7% for the first half of fiscal 2025 (1.3% in the first half of fiscal 2024). After adjusting for extraordinary tax reversal benefits, adjusted RoA was 1.31% for the first half of fiscal 2025 vis-'-vis 1.13% in fiscal 2024. This improvement in the earnings profile was driven by expansion in net interest margin (NIM) to 3.6% (annualised) in the first half of fiscal 2025 from 3.5% in the corresponding period of fiscal 2024 (3.4% in fiscal 2024 and 3.1% in fiscal 2023) on account of higher average yield and organic increase in scale of business. The bank's credit cost was 1.1% (annualised) for the first half of fiscal 2025, compared with 1.3% in the first half of fiscal 2024. Operating expenses as a percentage of assets increased marginally to 1.8% in the first half of fiscal 2025 from 1.7% in fiscal 2024, given the ongoing investments in technology and system upgradation. Capitalisation remained adequate with tier I ratio and overall capital adequacy ratio (CAR) of 13.1% and 17.3%, respectively, on 30 September 2024. On the same date, networth stood at Rs 22,686 crore, having increased from Rs 19,674 crore ' six months ago ' led by internal accrual. Bank of Maharashtra is a medium-sized PSB with assets of Rs 316,975 crore and a network of 2,508 branches and 2362 automated teller machines (ATMs) as on 30 September 2024. For the first half of fiscal 2025, profit after tax (PAT) was Rs 2,620 crore on total income (net of interest expense) of Rs 7,292 crore, as against Rs 1,802 crore on Rs 6,068 crore, respectively, for the corresponding period of the previous fiscal. The scrip rose 0.41% to currently trade at Rs 55.87 on the BSE. Powered by Capital Market - Live
Bank of Maharashtra has received reaffirmation in credit rating for certificate of deposit (Rs 20,000 crore) at CRISIL A1+. Powered by Capital Market - Live
Bank of Maharashtra has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 19 October 2024 as under: Overnight - 8.20% One months - 8.40% Three months - 8.60% Six months - 8.80% More than six months - 9.05%Powered by Capital Market - Live
Net profit of Bank of Maharashtra rose 44.89% to Rs 1332.77 crore in the quarter ended September 2024 as against Rs 919.84 crore during the previous quarter ended September 2023. Total Operating Income rose 18.73% to Rs 6017.41 crore in the quarter ended September 2024 as against Rs 5067.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income6017.415067.96 19 OPM %63.1357.30 - PBDT1380.26935.72 48 PBT1380.26935.72 48 NP1332.77919.84 45 Powered by Capital Market - Live
Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 15 October 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.62%, vs industry avg of 14.77%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.88% to 1.71%