Bank of Maharashtra
NSE: MAHABANK · Public Sector Bank · sector
₹76.12NSE close 2026-10-26
Key numbers
Market cap₹58,548 cr
Price₹76.12
52w high / low₹94 / ₹56
P/E7.9xSector median 7.5x
P/B1.8xSector median 0.9x
Book value₹43.0
Dividend yield3.28%Sector median 2.66%
ROE24.2%Sector median 15.4%
ROA1.74%Sector median 0.99%
Gross NPA1.45%
Net NPA0.13%
CET115.56%
Sales growth 3y+22.6%Sector median +14.5%
Profit growth 3y+39.2%Sector median +31.2%
PEG0.24x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 12 companies in Public Sector Bank (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- No promoter shares are pledged.
- Promoter holding fell by 6.00 percentage points in a year, to 73.60% (2026-09-30).
- Total income was higher than a year earlier in 4 of the last 4 quarters.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹76.12 on 2026-10-26: -19.4% from the 52-week high, +37.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹91.20 · low ₹44.64
Total incomeNet profit
Total incomeNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Total income | 6,017 | 6,325 | 6,731 | 7,054 | 7,128 | 7,344 | 7,755 | 8,035 |
| Net interest income | 2,807 | 2,943 | 3,116 | 3,292 | 3,248 | 3,422 | 3,702 | 3,770 |
| Operating profit | 2,202 | 2,303 | 2,520 | 2,570 | 2,574 | 2,736 | 2,946 | 3,117 |
| Other income | 792 | 788 | 981 | 825 | 845 | 933 | 938 | 1,029 |
| Net profit | 1,327 | 1,406 | 1,493 | 1,593 | 1,633 | 1,779 | 2,014 | 2,020 |
| EPS (₹) | 1.87 | 1.83 | 1.94 | 2.07 | 2.12 | 2.31 | 2.62 | 2.63 |
| Gross NPA % | 1.84 | 1.80 | 1.74 | 1.74 | 1.72 | 1.60 | 1.45 | 1.45 |
| Net NPA % | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.15 | 0.13 | 0.13 |
| Revenue YoY | +18.5% | +16.1% | +15.2% | +13.9% | ||||
| Profit YoY | +23.1% | +26.5% | +34.9% | +26.8% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 13,019 | 15,898 | 20,495 | 24,947 | 29,282 | 30,262 |
| Net profit | 1,152 | 2,602 | 4,055 | 5,520 | 7,019 | 7,447 |
| EPS (₹) | 1.72 | 3.87 | 5.78 | 7.48 | 9.13 | 9.68 |
| Revenue growth | +22.1% | +28.9% | +21.7% | +17.4% | +15.8% | |
| Profit growth | +126.0% | +55.8% | +36.1% | +27.2% | +28.0% | |
| Dividend / share (₹) | – | 0.50 | 1.30 | 1.40 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +22.6% | – | +15.8% |
| Net profit | +39.2% | – | +28.0% |
| EPS | +33.1% | – | – |
| Share price | – | +23.1% (2y) | +31.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | – | 19,674 | 28,489 | 33,108 |
| Borrowings | – | – | 7,719 | 23,853 | 35,234 |
| Cash & equivalents | – | – | 0 | 0 | 0 |
| Total assets | – | – | 3,07,138 | 3,69,142 | 4,27,363 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 6,898 | -1,438 | 11,597 | 7,649 | -10,989 |
| Cash from investing | -302 | -177 | -275 | -516 | -853 |
| Cash from financing | 378 | 228 | 461 | 4,750 | -2,607 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 6,898 | -1,438 | 11,597 | 7,649 | -10,989 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | – | 20.6% | 19.4% | 21.2% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.60% |
| FIIs | 6.51% |
| DIIs | 13.77% |
| of which Mutual funds | 6.78% |
| of which Insurance | 6.68% |
| Government | 0.00% |
| Public (non-institutions) | 6.13% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 79.60% | 79.60% | 79.60% | 73.60% | 73.60% | 73.60% | 73.60% | 73.60% |
| Promoter group | % |
|---|---|
| President of India | 73.60% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 6.15% |
| Kotak Aggressive Hybrid Fund | 3.45% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Arbitrage Fund | 1.06% |
8,81,259 shareholders. Pledged: 0.00% of promoter shares.
Peers in Public Sector Bank
| Company | Market cap | P/E | P/B | ROE | ROA | Gross NPA | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SBIN | ₹8,86,876 cr | 10.8x | 1.6x | 16.6% | 1.08% | 1.47% | +13.3% | 1.60% |
| PNB | ₹1,38,938 cr | 6.6x | 0.9x | 14.6% | 1.02% | 2.55% | +14.6% | 2.39% |
| UNIONBANK | ₹1,38,321 cr | 6.5x | 1.0x | 16.3% | 1.32% | 2.42% | +9.5% | 2.62% |
| BANKBARODA | ₹1,20,121 cr | 7.2x | 0.8x | 11.6% | 0.83% | 1.99% | +12.3% | 3.59% |
| INDIANB | ₹1,11,798 cr | 8.7x | 1.3x | 16.1% | 1.20% | 1.61% | +14.5% | 1.96% |
| CANBK | ₹1,05,864 cr | 5.4x | 0.9x | 17.0% | 0.97% | 1.33% | +14.4% | 3.43% |
| MAHABANK | ₹58,548 cr | 7.9x | 1.8x | 24.2% | 1.74% | 1.45% | +22.6% | 3.28% |
| IOB | ₹58,502 cr | 10.2x | 1.6x | 16.4% | 1.22% | 1.33% | +18.0% | – |
| BANKINDIA | ₹57,519 cr | 5.1x | 0.7x | 13.6% | 0.97% | 1.81% | +16.4% | 3.20% |
| UCOBANK | ₹27,574 cr | 9.2x | 0.8x | 8.9% | 0.71% | 1.96% | +20.6% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Retail Banking Operations | ₹14,553 cr | 44.3% | ₹3,164 cr | 21.7% |
| Corporate / Wholesale Banking Operations | ₹11,086 cr | 33.8% | ₹3,094 cr | 27.9% |
| Treasury Operations | ₹6,980 cr | 21.3% | ₹1,496 cr | 21.4% |
| Other Banking Operations | ₹204 cr | 0.6% | ₹104 cr | 50.6% |
| Unallocated | ₹0 cr | – | ₹0 cr | – |
| Capital & Reserves & Surplus | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-05 | Dividend | Dividend - Rs 1.20 Per Sh |
| 2026-01-20 | Dividend | Interim Dividend - Re 1 Per Share |
| 2025-05-09 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-05-10 | Dividend | Dividend - Rs 1.40 Per Share |
| 2023-05-23 | Dividend | Dividend - Rs 1.30 Per Share |
| 2022-06-20 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2021-06-16 | Other | Annual General Meeting |
| 2020-08-03 | Other | Annual General Meeting |
| 2019-06-19 | Other | Annual General Meeting |
| 2018-06-13 | Other | Annual General Meeting |
| 2017-06-08 | Other | Annual General Meeting |
| 2016-06-21 | Other | Annual General Meeting |
| 2015-06-19 | Dividend | Annual General Meeting/ Dividend - Re 0.80/- Per Share |
| 2014-05-29 | Other | Annual General Meeting |
| 2014-02-06 | Dividend | Interim Dividend - Re 1/- Per Share (Purpose Revised) |
| 2013-05-30 | Dividend | Annual General Meeting And Dividend - Rs. 2.30 Per Share |
| 2012-06-14 | Dividend | Annual General Meeting And Dividend - Rs. 2.20 Per Share |
| 2011-06-16 | Dividend | Dividend-Rs.2/- Per Share |
| 2010-06-30 | Dividend | Dividend-Rs.2/- Per Share |
| 2009-07-02 | Other | Agm/Div-Rs.1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Financial Services: Banking Activity - Retail, corporate & International Banking
| Sector | Financial Services |
| Industry | Public Sector Bank |
| Sub-industry | Public Sector Bank |
| Symbol | MAHABANK |
| BSE code | 532525 |
| ISIN | INE457A01014 |
| Face value | ₹10.0 |
| Incorporated | 1935-09-16 |
| Website | https://bankofmaharashtra.bank.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.