Bank of Maharashtra

Bank of Maha Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bank of Maharashtra

₹ 46.3 -1.00%
28 Mar - close price
bankofmaharashtra.in BSE: 532525 NSE: MAHABANK
About

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]

Key Points

Revenue Breakup
Retail Banking: ~39% in FY24 vs ~35% in FY22
Corporate/ Wholesale Banking: ~36% in FY24 vs ~30% in FY22
Treasury: 21% in FY24 vs 32% in FY22
Other Operations: 4% in FY24 vs 3% in FY22 [1] [2]

Website BSE NSE
  • Market Cap ₹ 35,643 Cr.
  • Current Price ₹ 46.3
  • High / Low ₹ 73.5 / 43.7
  • Stock P/E 6.80
  • Book Value ₹ 35.8
  • Dividend Yield 3.02 %
  • ROCE 5.38 %
  • ROE 23.0 %
  • Face Value ₹ 10.0
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Pros

  • Stock is providing a good dividend yield of 3.02%.
  • Company has delivered good profit growth of 23.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.1%

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Contingent liabilities of Rs.45,131 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

Part of BSE 500 BSE 400 MidSmallCap Index BSE Enhanced Value Index Nifty LargeMidcap 250 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Revenue 3,282 3,426 3,457 3,815 4,129 4,495 4,789 5,068 5,171 5,467 5,875 6,017 6,325
Interest 1,755 1,814 1,772 1,928 2,149 2,308 2,449 2,636 2,706 2,882 3,076 3,211 3,381
1,812 1,321 1,349 1,507 1,622 2,098 1,881 2,164 2,076 2,339 2,349 2,219 2,269
Financing Profit -285 291 336 380 358 89 458 268 390 246 450 588 675
Financing Margin % -9% 8% 10% 10% 9% 2% 10% 5% 8% 4% 8% 10% 11%
611 522 317 502 641 822 629 668 680 1,022 894 792 788
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 326 814 653 883 998 911 1,087 936 1,069 1,267 1,344 1,380 1,462
Tax % 1% 56% 31% 39% 22% 8% 19% 2% 3% 4% 4% 4% 4%
325 355 452 535 775 840 882 920 1,036 1,218 1,293 1,327 1,406
EPS in Rs 0.48 0.53 0.67 0.79 1.15 1.25 1.25 1.30 1.46 1.72 1.83 1.87 1.83
Gross NPA % 4.73% 3.94% 3.74% 3.40% 2.94% 2.47% 2.28% 2.19% 2.04% 1.88% 1.85% 1.84% 1.80%
Net NPA % 1.24% 0.97% 0.88% 0.68% 0.47% 0.25% 0.24% 0.23% 0.22% 0.20% 0.20% 0.20% 0.20%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 9,613 11,957 12,665 13,053 12,062 11,096 10,850 11,495 11,869 13,019 15,898 20,495 23,683
Interest 6,580 8,448 8,790 9,174 8,887 7,707 7,116 7,217 6,971 6,975 8,158 10,673 12,550
2,528 3,555 3,952 4,331 6,708 8,033 10,169 5,978 6,383 6,468 6,314 8,237 9,175
Financing Profit 505 -46 -77 -452 -3,534 -4,643 -6,435 -1,699 -1,485 -424 1,427 1,585 1,958
Financing Margin % 5% -0% -1% -3% -29% -42% -59% -15% -13% -3% 9% 8% 8%
912 894 1,006 1,019 1,508 1,506 1,547 1,649 2,628 2,652 2,280 2,998 3,495
Depreciation 74 100 115 149 118 129 241 211 188 268 262 223 0
Profit before tax 1,343 748 813 418 -2,143 -3,266 -5,129 -260 954 1,960 3,445 4,359 5,453
Tax % 43% 48% 45% 76% -36% -65% -7% -249% 42% 41% 24% 7%
760 386 451 101 -1,373 -1,146 -4,784 389 550 1,152 2,602 4,055 5,244
EPS in Rs 11.48 4.60 4.24 0.86 -11.75 -4.41 -17.38 0.67 0.84 1.71 3.87 5.73 7.25
Dividend Payout % 20% 22% 19% 0% 0% 0% 0% 0% 0% 29% 34% 24%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 20%
TTM: 21%
Compounded Profit Growth
10 Years: 27%
5 Years: 23%
3 Years: 95%
TTM: 43%
Stock Price CAGR
10 Years: 2%
5 Years: 39%
3 Years: 39%
1 Year: -26%
Return on Equity
10 Years: 2%
5 Years: 13%
3 Years: 17%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 661 839 1,063 1,168 1,168 2,598 2,753 5,824 6,560 6,730 6,730 7,081 7,081
Reserves 5,147 5,941 7,004 7,619 6,211 7,346 2,986 4,931 5,573 7,154 8,880 12,593 15,605
Deposits 97,142 119,608 125,924 142,795 139,053 138,981 140,650 150,066 174,006 202,294 234,083 270,747 276,289
Borrowing 10,660 6,109 7,322 5,423 8,137 4,064 10,149 3,670 4,239 7,747 10,766 7,719 10,482
3,341 3,822 4,706 3,952 4,755 3,340 7,997 4,375 6,287 6,685 7,193 8,998 7,518
Total Liabilities 116,953 136,320 146,019 160,957 159,324 156,329 164,536 168,867 196,665 230,611 267,651 307,138 316,975
1,429 1,446 1,432 1,694 1,564 1,487 1,741 1,604 1,622 2,036 2,149 2,200 2,379
CWIP 0 0 0 0 22 30 34 72 52 205 8 10 0
Investments 31,430 37,250 32,765 36,231 38,590 43,623 59,697 57,741 68,112 68,590 68,867 68,274 77,816
84,093 97,624 111,822 123,032 119,148 111,189 103,063 109,450 126,879 159,780 196,628 236,654 236,780
Total Assets 116,953 136,320 146,019 160,957 159,324 156,329 164,536 168,867 196,665 230,611 267,651 307,138 316,975

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 -173 -1,083 2,885 7,498 -1,723 -10,823 703 2,467 6,898 -1,438 11,597
-126 -171 -151 -132 -99 -134 -126 -109 -189 -302 -177 -275
542 274 1,885 -186 -77 1,100 4,220 698 217 378 228 461
Net Cash Flow 429 -71 651 2,567 7,322 -758 -6,729 1,292 2,495 6,974 -1,387 11,783

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 15% 6% 6% 1% -17% -13% -61% 5% 5% 9% 18% 23%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
90.97% 90.97% 90.97% 90.97% 90.97% 86.46% 86.46% 86.46% 86.46% 86.46% 86.46% 79.60%
0.13% 0.16% 0.20% 0.16% 0.26% 0.68% 0.59% 0.45% 1.04% 1.20% 1.26% 1.54%
3.74% 3.74% 3.78% 3.39% 3.33% 6.43% 5.17% 4.71% 4.68% 4.58% 4.46% 10.88%
5.17% 5.13% 5.05% 5.49% 5.44% 6.42% 7.76% 8.37% 7.80% 7.75% 7.81% 7.99%
No. of Shareholders 3,74,4583,79,3993,71,5924,33,5064,41,5174,53,5246,06,0466,77,0878,46,7469,19,6639,48,4329,95,543

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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