Bank of Maharashtra

NSE: MAHABANK · Financial Services

₹86.91+2.13%06 Nov 2026

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Instant answers about Bank of Maharashtra — computed from its filings, no language model

Market cap₹66,847 cr

Current price₹86.91

High / Low₹94 / ₹56

P/E8.4

P/B1.79

Book value₹48.6

ROE21.4%

ROCE—

Debt / equity—

Dividend yield2.88%

EPS (TTM)₹10.41

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY22	FY23	FY24	FY25	FY26
Total income	13,146	15,672	18,180	23,493	28,403	32,824
Pre-provision op. profit	2,848	4,848	6,100	8,006	9,321	10,828
Operating margin	21.7%	30.9%	33.6%	34.1%	32.8%	33.0%
Interest	7,216	6,974	8,157	10,672	13,281	15,616
Profit before tax	-259	1,956	3,446	4,361	5,724	7,859
Tax	-649	804	843	305	203	839
Net profit	399	1,153	2,603	4,072	5,542	7,017
EPS ₹	0.69	1.73	3.87	5.80	7.48	9.12
Operating cash flow	—	6,896	-1,440	11,581	7,628	-11,336
Capex	—	309	324	279	519	422
Dividend paid	—	0	337	875	991	1,923
Total assets	1,69,018	—	—	3,07,329	3,69,354	4,27,471
Equity	10,909	—	—	19,871	28,708	33,225

Quarterly performance

last 26 quarters · ₹ crore

showing latest 8 of 26 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Total income	3,200	3,305	3,455	3,199	3,265	3,319	3,577	3,894	3,948	4,318	4,770	5,317	5,418	5,736	5,852	6,488	6,769	6,809	7,113	7,712	7,879	7,974	8,277	8,693	9,064	9,736
Pre-provision op. profit	667	761	838	595	710	806	903	1,163	1,179	1,462	1,581	1,855	1,864	1,921	2,012	2,210	2,295	2,202	2,303	2,520	2,570	2,575	2,736	2,947	3,118	3,369
Operating margin	20.8%	23.0%	24.3%	18.6%	21.8%	24.3%	25.2%	29.9%	29.9%	33.9%	33.1%	34.9%	34.4%	33.5%	34.4%	34.1%	33.9%	32.3%	32.4%	32.7%	32.6%	32.3%	33.1%	33.9%	34.4%	34.6%
Other income	427	405	439	392	369	451	570	611	522	503	640	822	629	668	680	1,022	894	792	788	981	825	846	933	938	1,029	1,129
Interest	1,776	1,827	1,830	1,784	1,808	1,747	1,700	1,755	1,814	1,928	2,149	2,308	2,449	2,636	2,705	2,882	3,075	3,210	3,381	3,614	3,762	3,880	3,922	4,052	4,264	4,652
Profit before tax	-254	468	-144	-315	101	385	405	410	813	883	999	911	1,088	936	1,070	1,268	1,344	1,380	1,463	1,537	1,703	1,819	2,008	2,330	2,277	2,715
Tax	-343	343	-276	-373	0	255	250	86	458	348	223	71	205	16	34	50	50	53	56	44	110	185	228	315	257	405
Net profit	89	133	129	54	105	142	156	310	356	535	777	840	884	920	1,038	1,230	1,295	1,333	1,412	1,502	1,504	1,669	1,799	2,045	2,023	2,136
EPS ₹	0.15	0.20	0.23	0.10	0.18	0.23	0.23	0.46	0.53	0.79	1.15	1.25	1.29	1.30	1.47	1.74	1.83	1.88	1.84	1.94	1.96	2.17	2.34	2.66	2.63	2.78
Revenue YoY	—	—	—	—	2.0%	0.4%	3.5%	8.8%	—	—	22.5%	34.7%	—	32.8%	22.7%	22.0%	24.9%	18.7%	21.6%	18.9%	16.4%	17.1%	16.4%	12.7%	15.0%	22.1%
Profit YoY	—	—	—	—	17.9%	6.5%	20.8%	98.8%	—	—	150.9%	136.1%	—	72.0%	33.7%	46.4%	46.6%	44.9%	35.9%	22.2%	16.2%	25.2%	27.4%	36.1%	34.5%	28.0%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Bank of Maharashtra reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Total income	4,792	5,327	6,094	7,855	10,525	12,851	13,671	14,072	13,570	12,602	12,397
Pre-provision op. profit	794	815	855	1,515	2,149	2,006	2,355	2,345	1,827	2,191	2,198
Operating margin	16.6%	15.3%	14.0%	19.3%	20.4%	15.6%	17.2%	16.7%	13.5%	17.4%	17.7%
Other income	478	591	531	641	912	894	1,006	1,019	1,508	1,506	1,547
Interest	3,035	3,439	3,595	4,697	6,580	8,448	8,790	9,174	8,887	7,707	7,116
Profit before tax	511	569	388	659	1,342	748	813	418	-2,143	-3,266	-5,129
Tax	136	129	57	228	583	362	363	317	-771	-2,120	-345
Net profit	375	440	330	431	760	386	451	101	-1,373	-1,146	-4,784

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Total income	913	986	1,049	1,041	1,136	1,293	1,322	1,283	1,303	1,330	1,411	1,413	1,426	1,553	1,703	1,818	1,945	2,021	2,071	2,217	2,434	2,710	3,164	2,974	3,197	3,307	3,372	3,286	3,420	3,367	3,599	3,526	3,503	3,476	3,567	3,444	3,297	3,474	3,355	3,210	3,304	2,995	3,094	2,987	3,193	3,056	3,161
Pre-provision op. profit	162	173	184	131	187	229	246	180	170	202	262	260	220	309	66	415	425	425	250	440	473	525	711	699	415	425	467	471	588	619	676	610	614	542	579	459	427	515	426	533	692	419	547	470	794	432	501
Operating margin	17.8%	17.5%	17.6%	12.6%	16.4%	17.7%	18.6%	14.1%	13.1%	15.2%	18.6%	18.4%	15.5%	19.9%	3.9%	22.8%	21.9%	21.0%	12.1%	19.9%	19.4%	19.4%	22.5%	23.5%	13.0%	12.8%	13.9%	14.3%	17.2%	18.4%	18.8%	17.3%	17.5%	15.6%	16.2%	13.3%	13.0%	14.8%	12.7%	16.6%	20.9%	14.0%	17.7%	15.7%	24.9%	14.1%	15.9%
Other income	62	80	84	42	62	166	208	164	149	113	165	133	118	123	157	173	145	150	173	179	177	174	382	225	183	187	299	190	222	212	382	205	246	221	347	288	283	552	384	465	369	270	402	347	405	411	386
Interest	558	605	636	681	741	783	829	860	877	855	847	870	847	908	971	1,053	1,167	1,226	1,251	1,387	1,538	1,744	1,910	1,841	2,137	2,264	2,205	2,181	2,206	2,157	2,246	2,298	2,288	2,284	2,305	2,292	2,169	2,219	2,207	2,052	1,972	1,872	1,811	1,782	1,785	1,773	1,775
Profit before tax	130	152	114	76	110	194	130	144	127	155	142	164	44	137	43	191	147	215	106	125	250	381	586	429	92	17	210	235	295	39	244	126	195	197	-100	-384	-282	-70	-1,407	-618	-99	-1,055	-1,494	-1,163	-63	-3,990	86
Tax	40	52	58	30	40	74	-7	42	41	43	3	45	-8	47	-27	69	46	80	33	-16	84	187	327	163	45	1	153	117	132	-18	132	66	123	108	20	14	56	112	-952	-206	-76	-458	-1,380	-44	-90	-226	14
Net profit	90	100	56	47	71	121	137	102	87	112	139	118	52	90	69	122	100	136	73	140	166	194	259	266	47	16	57	118	163	57	113	59	72	89	-120	-397	-337	-183	-455	-412	-23	-597	-114	-1,119	27	-3,764	72
EPS ₹	2.10	2.33	1.30	—	1.64	2.80	3.19	2.36	2.01	2.60	3.23	2.75	1.21	2.10	1.29	2.53	2.08	2.46	1.17	2.12	2.56	3.03	4.13	3.81	0.50	0.01	0.50	1.40	1.57	0.54	1.06	0.56	0.68	0.77	-1.03	-3.40	-2.89	-1.56	-3.90	-3.53	-0.19	-4.65	-0.79	-4.31	0.10	-14.31	0.13
Revenue YoY	—	—	—	—	24.5%	31.1%	26.0%	23.3%	14.6%	2.9%	6.8%	10.1%	9.4%	16.8%	20.7%	28.6%	36.4%	30.1%	21.6%	22.0%	25.1%	34.1%	52.8%	34.1%	31.3%	22.0%	6.6%	10.5%	7.0%	1.8%	6.7%	7.3%	2.5%	3.2%	-0.9%	-2.3%	-5.9%	-0.1%	-5.9%	-6.8%	0.2%	-13.8%	-7.8%	-6.9%	-3.4%	2.1%	2.1%
Profit YoY	—	—	—	—	-22.0%	20.2%	145.3%	118.3%	22.9%	-7.1%	1.3%	16.3%	-39.7%	-19.4%	-50.1%	3.0%	92.0%	50.2%	4.9%	15.1%	65.3%	43.2%	255.6%	89.6%	-71.8%	-91.8%	-78.0%	-55.8%	247.7%	261.1%	97.9%	-49.6%	-55.8%	55.6%	-206.3%	-768.6%	-568.1%	-304.9%	—	—	—	—	—	—	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 18 periods

	MAR '20	JUN '20	SEP '20	DEC '20	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	3.7%	3.9%	3.9%	4.2%	20.2%	22.7%	24.5%	20.5%	22.6%	21.4%	23.0%	19.3%	20.0%	19.4%	20.6%	21.1%	22.7%	21.4%
Net margin	3.1%	3.2%	3.2%	3.4%	15.3%	16.1%	16.5%	17.3%	18.0%	18.9%	19.4%	19.5%	19.5%	19.8%	20.3%	21.4%	22.2%	22.4%
EBITDA margin	21.7%	22.0%	22.3%	22.6%	34.1%	34.0%	34.3%	34.1%	34.0%	33.6%	33.2%	32.8%	32.5%	32.5%	32.7%	33.0%	33.4%	34.0%
Asset turnover	0.08	0.08	0.08	0.08	0.08	0.09	0.09	0.08	0.08	0.08	0.09	0.08	0.08	0.08	0.09	0.08	0.08	0.08

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	SEP '22	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	1,427	1,063	1,168	1,168	2,598	2,753	5,824	6,560	6,730	7,081	7,081	7,692	7,692	7,692	7,692
Reserves	5,983	7,004	7,619	6,301	7,346	2,986	5,085	5,748	8,319	12,789	15,809	21,016	23,701	25,533	29,659
Total equity	7,410	8,067	8,787	7,469	9,944	5,739	10,909	12,308	15,050	19,871	22,890	28,708	31,393	33,225	37,350
Deposits	1,16,794	1,22,119	1,38,990	1,39,040	1,38,981	1,40,650	1,50,050	1,73,989	1,95,831	2,70,726	2,76,268	3,07,120	3,09,767	3,50,538	3,76,380
Borrowings	8,326	11,127	9,228	8,137	4,064	10,149	3,670	4,239	22,911	7,719	10,482	23,853	24,924	35,234	47,890
Total assets	1,36,360	1,46,019	1,60,957	1,59,411	1,56,329	1,64,536	1,69,018	1,96,835	2,39,183	3,07,329	3,17,173	3,69,354	3,73,507	4,27,471	4,68,464
Advances	88,920	98,599	1,07,563	95,515	85,797	82,666	86,872	1,02,405	1,44,163	2,00,240	2,13,927	2,36,084	2,50,188	2,88,104	3,25,641
Investments	37,290	32,765	36,231	38,677	43,623	59,697	57,891	68,281	70,357	68,465	78,014	82,216	96,199	1,01,588	99,420
Fixed assets	1,446	1,432	1,694	1,586	1,517	1,776	1,676	1,674	2,194	2,210	2,379	2,916	2,904	2,962	2,960
Cash & bank balances	6,102	100	9,320	16,642	75	9,155	10,447	12,942	14,512	30,312	16,596	42,195	17,939	27,746	34,507

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	6,896	-1,440	11,581	7,628	-11,336
Cash from investing	-300	-175	-260	-495	-506
Cash from financing	378	228	461	4,750	-2,607
Capex	309	324	279	519	422
Free cash flow	6,587	-1,764	11,302	7,108	-11,758
Dividends paid	0	337	875	991	1,923

Where the assets sit

Sep '26 · ₹ crore

Advances

₹3,25,641 cr70%

Investments

₹99,420 cr21%

Fixed assets

₹2,960 cr1%

Cash & bank

₹34,507 cr7%

Other assets

₹5,936 cr1%

Peer comparison

largest in Financial Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
HDFC Bank Ltd.	12,15,371	788.25	15.2	2.01	13.3%
ICICI Bank Ltd.	11,28,090	1,571.20	19.1	2.75	14.4%
State Bank of India	9,40,157	1,018.50	10.4	1.36	13.1%
Bajaj Finance Ltd.	6,77,005	1,087.75	—	—	—
Kotak Mahindra Bank Ltd.	4,77,499	480.00	22.2	2.45	11.0%
Axis Bank Ltd.	4,11,911	1,322.90	13.8	1.79	13.0%
Shriram Finance Ltd.	2,26,163	961.15	—	—	—
BSE Ltd.	1,55,002	3,800.00	50.3	19.49	38.8%
Cholamandalam Investment and Finance Company Ltd.	1,53,126	1,785.00	—	—	—
Jio Financial Services Ltd.	1,52,665	231.20	—	—	—
Bank of Maharashtra	66,847	86.91	8.4	1.79	21.4%

StoxGud checklist: Bullish setup · 9/10

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

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+3.3%

6 months+1.9%

1 year+45.4%

3Y CAGR+26.2%

5Y CAGR+32.4%

10Y CAGR+11.6%

50-day avg₹82.01

200-day avg₹77.33

RSI (14)64

Compare Bank of Maharashtra with

IndusInd Bank vs Bank of Maharashtra AU Small Finance Bank vs Bank of Maharashtra L&T Finance vs Bank of Maharashtra Nippon Life India Asset Management vs Bank of Maharashtra Bank of Maharashtra vs IDFC First Bank Bank of Maharashtra vs Bajaj Housing Finance Bank of Maharashtra vs Motilal Oswal Financial Services Bank of Maharashtra vs Bank of India

FAQs

What is the share price of Bank of Maharashtra?

Bank of Maharashtra (MAHABANK) closed at ₹86.91 on NSE on 06 Nov 2026.

What is the market cap of Bank of Maharashtra?

₹66,847 crore at the latest close.

What is the P/E ratio of Bank of Maharashtra?

8.4, on trailing-twelve-month earnings from its filings.

How fast is Bank of Maharashtra growing?

Bank of Maharashtra: revenue has compounded at 21.8% a year over three years; net profit at 39.2% a year. Latest-quarter revenue is up 22.1% year on year, profit up 28.0%.

How profitable is Bank of Maharashtra?

On a trailing-twelve-month basis return on equity is 21.4%, operating margin 34.0%, net margin 22.4%.

How much debt does Bank of Maharashtra have?

Debt to equity isn't meaningful for Bank of Maharashtra (banks borrow as part of their business) or isn't filed yet.

Financials parsed from Bank of Maharashtra's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.