StoxIndusInd Bank vs Bank of Maharashtra: share price & financials comparison
NSE: INDUSINDBK vs MAHABANK · Financial Services · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
IndusInd Bank vs Bank of Maharashtra at a glance
IndusInd Bank (INDUSINDBK) has a market capitalisation of ₹70,921 Cr, against ₹66,847 Cr for Bank of Maharashtra (MAHABANK). Over the past year Bank of Maharashtra has returned +45.4%, compared with +12.7% for IndusInd Bank. On valuation, Bank of Maharashtra trades at a lower P/E of 8.4 versus 23.6. Bank of Maharashtra earns a higher return on equity (21.4% vs 4.4%). Bank of Maharashtra comes out ahead on size, profitability, growth, momentum and technicals. Across the scored metrics below, IndusInd Bank leads on 2 and Bank of Maharashtra on 13. On StoxGud's 10-point checklist, IndusInd Bank scores 3/10 and Bank of Maharashtra scores 9/10.
| Metric | IndusInd Bank | Bank of Maharashtra |
|---|---|---|
| Size | ||
| Market cap | ₹70,921 Cr | ₹66,847 Cr |
| Revenue (latest FY) | ₹53,480 Cr | ₹32,824 Cr |
| Net profit (latest FY) | ₹889 Cr | ₹7,017 Cr |
| Valuation | ||
| P/E | 23.6 | 8.4 |
| P/B | 1.04 | 1.79 |
| Dividend yield | — | 2.88% |
| Profitability | ||
| Return on equity | 4.4% | 21.4% |
| Net profit margin | 5.7% | 22.4% |
| Operating margin | 19.3% | 34.0% |
| Growth | ||
| Revenue growth (YoY) | +5.9% | +22.1% |
| Net profit growth (YoY) | — | +28.0% |
| Revenue CAGR (multi-year) | +7.0% | +16.5% |
| Momentum | ||
| 1-month return | +4.0% | +3.3% |
| 1-year return | +12.7% | +45.4% |
| 3-year CAGR | -14.8% | +26.2% |
| 5-year CAGR | -3.0% | +32.4% |
| 10-year CAGR | -2.9% | +11.6% |
| Distance from 52W high | -14.9% | -7.4% |
| Technicals | ||
| RSI (14) | 58 | 64 |
| Price vs 200-day avg | -1.3% | +12.4% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | IndusInd Bank | Bank of Maharashtra |
|---|---|---|
| Price above 50-day average | ✗ | ✓ |
| Price above 200-day average | ✗ | ✓ |
| 50-day average above 200-day (uptrend) | ✗ | ✓ |
| RSI in healthy 40–70 zone | ✓ | ✓ |
| Positive 1-year return | ✓ | ✓ |
| Return on equity above 15% | ✗ | ✓ |
| Debt to equity below 1 | ✗ | ✗ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✗ | ✓ |
| P/E below industry median | ✗ | ✓ |
| Score | 3/10 | 9/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, IndusInd Bank or Bank of Maharashtra?
IndusInd Bank has a market cap of ₹70,921 Cr and Bank of Maharashtra has a market cap of ₹66,847 Cr as of 06 Nov 2026.
Which has a lower P/E, IndusInd Bank or Bank of Maharashtra?
Bank of Maharashtra has the lower P/E: IndusInd Bank trades at 23.6 and Bank of Maharashtra at 8.4.
Which gave better returns in the last year, IndusInd Bank or Bank of Maharashtra?
Bank of Maharashtra did better: IndusInd Bank returned +12.7% and Bank of Maharashtra returned +45.4% over one year.
Is IndusInd Bank or Bank of Maharashtra a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist IndusInd Bank scores 3/10 and Bank of Maharashtra scores 9/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.