MAHABANK

Bank of Maharashtra

Public sector bank — retail, MSME, agricultural and corporate banking

Financial Services›Financial Services›Banks›Public Sector Bank

bankofmaharashtra.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹79.79
Market cap
61,384 Cr
Stock P/E
8.1
P/B
1.85
Dividend yield
3.1%
ROE (FY26)
22.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Bank of Maharashtra is a public sector bank that takes deposits and lends to retail, agricultural, small-business (MSME) and corporate customers across India, with its roots in Maharashtra.

Company snapshot

7thBy market cap

Ranked among 12 companies in Public Sector Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 46.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Capital & Reserve & Surplus—0 Cr0 Cr0 Cr
Corporate/ Wholesale Banking Operations
32.6%
2,318 Cr561 Cr1,21,894 Cr
Other Banking Operations
0.3%
25 Cr10 Cr13,830 Cr
Retail Banking Operations
46.2%
3,284 Cr595 Cr1,06,926 Cr
Treasury Operations
20.9%
1,486 Cr296 Cr84,503 Cr
Unallocated—0 Cr0 Cr2,543 Cr

What we see

Positives
  • ✓Net margin of 21.4% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income2,432 Cr2,466 Cr2,585 Cr2,799 Cr2,807 Cr2,944 Cr3,117 Cr3,292 Cr3,248 Cr3,423 Cr3,703 Cr3,770 Cr
Other income668 Cr680 Cr1,022 Cr894 Cr792 Cr788 Cr981 Cr825 Cr846 Cr933 Cr938 Cr1,029 Cr
Net operating income3,100 Cr3,146 Cr3,606 Cr3,694 Cr3,599 Cr3,732 Cr4,098 Cr4,117 Cr4,093 Cr4,356 Cr4,641 Cr4,799 Cr
Employee cost676 Cr646 Cr850 Cr900 Cr811 Cr850 Cr881 Cr880 Cr822 Cr798 Cr875 Cr1,007 Cr
Other expenses504 Cr487 Cr546 Cr499 Cr585 Cr579 Cr697 Cr667 Cr697 Cr822 Cr819 Cr675 Cr
Provisions & contingencies985 Cr943 Cr942 Cr951 Cr822 Cr841 Cr983 Cr867 Cr756 Cr728 Cr617 Cr840 Cr
Depreciation————————————
Profit before tax936 Cr1,070 Cr1,268 Cr1,344 Cr1,380 Cr1,463 Cr1,537 Cr1,703 Cr1,819 Cr2,008 Cr2,330 Cr2,277 Cr
Tax %1.7%3.2%3.9%3.8%3.9%3.8%2.8%6.5%10.2%11.4%13.5%11.3%
Net profit920 Cr1,038 Cr1,230 Cr1,295 Cr1,333 Cr1,412 Cr1,502 Cr1,504 Cr1,669 Cr1,799 Cr2,045 Cr2,023 Cr
EPS (₹)₹1.30₹1.47₹1.74₹1.83₹1.88₹1.84₹1.94₹1.96₹2.17₹2.34₹2.66₹2.63

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income3,176 Cr3,391 Cr3,735 Cr4,280 Cr4,898 Cr6,045 Cr7,742 Cr9,823 Cr11,667 Cr13,666 CrSign in free for the trailing twelve months
Other income1,525 Cr1,540 Cr1,568 Cr1,650 Cr2,627 Cr2,653 Cr2,281 Cr2,999 Cr3,455 Cr3,542 CrSign in free for the trailing twelve months
Net operating income4,700 Cr4,930 Cr5,303 Cr5,930 Cr7,525 Cr8,698 Cr10,023 Cr12,822 Cr15,122 Cr17,208 CrSign in free for the trailing twelve months
Employee cost———1,745 Cr2,256 Cr2,071 Cr2,058 Cr2,838 Cr3,442 Cr3,375 CrSign in free for the trailing twelve months
Other expenses———1,337 Cr1,310 Cr1,779 Cr1,864 Cr1,977 Cr2,360 Cr3,005 CrSign in free for the trailing twelve months
Provisions & contingencies———3,107 Cr2,727 Cr2,892 Cr2,654 Cr3,646 Cr3,597 Cr2,968 CrSign in free for the trailing twelve months
Depreciation——————————Sign in free for the trailing twelve months
Profit before tax———-259 Cr1,232 Cr1,956 Cr3,446 Cr4,361 Cr5,724 Cr7,859 CrSign in free for the trailing twelve months
Tax %———250.1%55.3%41.1%24.5%7.0%3.5%10.7%Sign in free for the trailing twelve months
Net profit-1,356 Cr-1,112 Cr-4,763 Cr399 Cr571 Cr1,153 Cr2,603 Cr4,072 Cr5,542 Cr7,017 CrSign in free for the trailing twelve months
EPS (₹)₹-11.61₹-8.72₹-14.19₹0.69₹0.91₹1.73₹3.87₹5.80₹7.48₹9.12Sign in free for the trailing twelve months
Dividend payout %—————0.0%12.9%21.5%17.9%27.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital1,168 Cr2,598 Cr2,753 Cr5,824 Cr6,560 Cr6,731 Cr6,731 Cr7,081 Cr7,692 Cr7,692 Cr
Reserves6,301 Cr7,469 Cr3,130 Cr5,085 Cr5,748 Cr7,668 Cr9,060 Cr11,346 Cr21,016 Cr23,714 Cr
Borrowings8,137 Cr4,064 Cr10,149 Cr3,670 Cr4,239 Cr7,747 Cr10,766 Cr7,719 Cr23,853 Cr35,234 Cr
Other liabilities1,43,805 Cr1,42,318 Cr1,48,644 Cr1,54,438 Cr1,80,288 Cr2,08,638 Cr2,41,271 Cr2,81,183 Cr3,16,793 Cr3,60,832 Cr
Total liabilities1,59,411 Cr1,56,449 Cr1,64,676 Cr1,69,018 Cr1,96,835 Cr2,30,783 Cr2,67,827 Cr3,07,329 Cr3,69,354 Cr4,27,471 Cr
Fixed assets (net)1,586 Cr1,517 Cr1,776 Cr1,676 Cr1,674 Cr2,242 Cr2,157 Cr2,210 Cr2,916 Cr2,962 Cr
CWIP——————————
Investments38,677 Cr43,742 Cr59,837 Cr57,891 Cr68,281 Cr68,762 Cr69,042 Cr68,465 Cr82,216 Cr1,01,588 Cr
Loans & advances95,515 Cr85,797 Cr82,666 Cr86,872 Cr1,02,405 Cr1,31,170 Cr1,71,221 Cr2,00,240 Cr2,36,084 Cr2,88,104 Cr
Cash & bank15,275 Cr15,809 Cr7,920 Cr10,354 Cr12,882 Cr19,722 Cr18,508 Cr21,161 Cr37,993 Cr26,645 Cr
Other assets8,358 Cr9,583 Cr12,477 Cr12,225 Cr11,592 Cr8,888 Cr6,900 Cr15,254 Cr10,146 Cr8,172 Cr
Total assets1,59,411 Cr1,56,449 Cr1,64,676 Cr1,69,018 Cr1,96,835 Cr2,30,783 Cr2,67,827 Cr3,07,329 Cr3,69,354 Cr4,27,471 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity7,498 Cr-1,723 Cr-10,842 Cr693 Cr2,447 Cr6,896 Cr-1,440 Cr11,581 Cr7,628 Cr-11,336 Cr
Cash from investing-99 Cr-134 Cr-106 Cr-100 Cr-169 Cr-300 Cr-175 Cr-260 Cr-495 Cr-506 Cr
Cash from financing-77 Cr1,100 Cr4,220 Cr698 Cr217 Cr378 Cr228 Cr461 Cr4,750 Cr-2,607 Cr
Net cash flow7,322 Cr-758 Cr-6,729 Cr1,292 Cr2,495 Cr6,974 Cr-1,387 Cr11,783 Cr11,883 Cr-14,449 Cr
Free cash flow (OCF − Capex)7,395 Cr-1,863 Cr-10,975 Cr570 Cr2,254 Cr6,587 Cr-1,764 Cr11,302 Cr7,108 Cr-11,758 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %-18.2%-11.0%-81.0%3.7%4.6%8.0%16.5%22.1%19.3%22.3%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA——15,324 Cr12,152 Cr7,780 Cr5,327 Cr4,334 Cr3,833 Cr4,185 Cr4,246 Cr
Gross NPA %16.9%19.5%16.4%12.8%7.2%3.9%2.5%1.9%1.7%1.5%
Net NPA——4,559 Cr4,145 Cr2,544 Cr1,277 Cr435 Cr409 Cr432 Cr384 Cr
Net NPA %11.8%11.2%5.5%4.8%2.5%1.0%0.3%0.2%0.2%0.1%
CET1 %7.3%9.0%9.9%10.7%11.0%12.6%12.7%12.5%15.8%14.6%
Additional Tier 1 %1.7%0.0%0.0%0.0%0.0%0.2%1.6%1.2%1.0%0.8%
ROA %-0.9%-0.7%-3.0%0.2%0.3%0.5%1.1%1.5%1.8%1.9%