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On 6 Nov 2026, Bank of Maharashtra was priced at ₹86.91, or 8.4× trailing earnings. Net profit grew 39% a year over 3 years; its ROE of 23% is the highest among the 7 largest Banks (Regional) peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 1.79× book value and its dividend yield is 2.5%. It is a mid-cap company with a market cap of ₹66,847 Cr, ranked 15th of 41 Banks (Regional) companies by market cap; the shares rose 46% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹84.69
Day high
₹86.91
Day low
₹83.36
Prev. close
₹85.10
Volume
2.4 Cr

Health check

5 good · 1 fair
  • ReturnsAhead

    +45.6% over a year, better than 7 of 7 peers.

  • Price tagIn line

    P/B 1.79 vs peer median 1.78.

  • GrowthStrong

    Profit +39.1% a year over 3 years.

  • ProfitabilityStrong

    ROE 23.3% vs peer median 14.7%.

  • Balance sheetSolid

    Return on assets 1.90%. Bad-loan data isn’t covered.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Banks - Regional

40 listed peers. Screen the industry

Mid cap

₹66,847 Cr, #15 of 41 in its industry by size.

Defensive

Beta 0.76 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹15,201 Cr · profit ₹8,004 Cr
Market cap
₹66,847 Cr
Mid cap
P/E
8.4
Industry 9.2
Price to book
1.79
Peers 1.78
Dividend yield
2.53%
ROE
23.3%
Peers 14.7%
ROCE
n/m
Not meaningful for lenders
Debt to equity
n/m
Not meaningful for lenders
EPS (TTM)
₹10.40
Face value ₹10
OPM (TTM)
61.3%
Net margin 52.7%
Sales growth
n/m
Not meaningful for lenders
Profit growth
+28.1%
Latest quarter vs a year ago
Price to sales
4.40

Strengths and risks

Strengths

  • Return on equity of 23.3%.
  • Dividend yield of 2.53%.
  • Quarterly profit up 28.1% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Bank of Maharashtra

Bank of Maharashtra provides various banking products and services in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company accepts savings, current, term, and recurring deposits, as well as provides capital gain account schemes. It also offers housing loans, vehicle and car loans, topup loans, education loans, gold loans, personal loans, salary gain schemes, green financing…

Headquarters
Pune
Employees
15,596
Sector
Financial Services
ISIN
INE457A01014
Website
bankofmaharashtra.bank.in

Price range

52 weeks

₹55.51₹94.50

Today

₹83.36₹86.91
Avg volume (3M)
1.5 Cr
1-year return
plus 45.6%
From 52-week high
minus 8.0%

Peers · Banks - Regional

Bank and NBFC columns

Compare with peersScreen the whole industry
Company
HDFCBANKHDFC Bank788.25plus 3.72%12,16,45117.22.0011.0%1.7%12.5%1.65%minus 22.9%
ICICIBANKICICI Bank1,571.20plus 4.75%11,28,25519.32.8916.5%2.1%16.8%0.76%plus 12.2%
SBINState Bank of India1,018.50plus 1.20%9,40,13810.41.4014.7%1.2%14.4%1.70%plus 5.1%
KOTAKBANKKotak Mahindra Bank480.00plus 2.78%4,77,49822.22.4511.8%2.1%8.9%0.14%plus 11.4%
AXISBANKAxis Bank1,322.90plus 3.35%4,11,98513.81.7813.9%1.6%34.6%0.08%plus 4.4%
PNBPunjab National Bank126.55plus 0.36%1,45,4436.40.9015.1%1.1%76.4%2.37%plus 2.3%
UNIONBANKUnion Bank of India187.00minus 0.53%1,42,7486.51.0016.3%1.4%31.7%2.67%plus 24.1%
MAHABANKBank of Maharashtra86.91plus 2.13%66,8478.41.7923.3%1.9%39.1%2.53%plus 45.6%
Median of 7 peers–2.78%4,77,49813.81.7814.7%1.6%16.8%1.65%5.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
4,1174,3564,6414,7995,084
3,7623,9224,0524,2644,652
1,7032,0082,3302,2772,715
6.5%11.4%13.5%11.3%14.9%
1,5041,7992,0452,0232,136
1.962.342.662.632.78

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Profit CAGR 3Y
+39.1%
EPS CAGR 3Y
+33.1%
ROE
23.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10,23611,98813,75915,802
–+17.1%+14.8%+14.8%
8,15710,67213,28115,616
262223291344
20.90.41.8
2,6054,0725,5427,017
32.4%7.5%3.7%12.0%
2,6054,0725,5427,017
–+56.3%+36.1%+26.6%
3.875.807.519.12

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,7307,0817,6927,692
9,06012,78921,01625,533
10,2667,71923,85335,234
2,41,7712,79,7403,16,7933,59,013
2,67,8273,07,3293,69,3544,27,471
2,1572,2102,9162,962
7.59.74.48
68,81768,46581,6071,01,588
18,75430,31242,80427,746
1,78,0922,06,3332,42,0232,95,168
2,67,8273,07,3293,69,3544,27,471

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1,44011,5817,628−11,336
−175−260−495−506
2284614,750−2,607
−1,38711,78311,883−14,449
−324−279−519−422
−1,76411,3027,108−11,758
−337−875−991−1,923

Shareholding pattern

Source: NSE filings
73.6%
promoters
  • Promoters73.60%
  • Public26.40%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202673.60%26.40%0.00
30 Jun 202673.60%26.40%0.00
31 Mar 202673.60%26.40%0.00
31 Dec 202573.60%26.40%0.00
4 Dec 202573.60%26.40%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you