Is Bank Of Maharashtra a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bank Of Maharashtra is a below average quality company .

Is Bank Of Maharashtra undervalued or overvalued?

The key valuation ratios of Bank Of Maharashtra's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Bank Of Maharashtra share price return in the past 10 years?

Bank Of Maharashtra share price has appreciated 1.5% annually (CAGR) over the past ten years.

Is Bank Of Maharashtra a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bank Of Maharashtra is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Bank Of Maharashtra - Stock Valuation and Financial Performance

Name: Bank Of Maharashtra
Brand: Bank Of Maharashtra

BSE: 532525 | NSE: MAHABANK | Bank - Public | Mid Cap

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Bank of Maharashtra Share Price

₹51.29 -1.09 -2.08%
as on 21-Nov'24 16:59

10 Year X-Ray of Bank of Maharashtra:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	3,875	3,879	3,175	3,390	3,733	4,279	4,897	6,044	7,741	9,822	10,656
YoY Gr. Rt. %	-	0.1%	-18.2%	6.8%	10.1%	14.6%	14.5%	23.4%	28.1%	26.9%	-
Total Income	13,671	14,072	13,570	12,602	12,397	13,145	14,496	15,672	18,179	23,493	25,917
YoY Gr. Rt. %	-	2.9%	-3.6%	-7.1%	-1.6%	6%	10.3%	8.1%	16%	29.2%	-
Adj EPS (₹ )	4.2	0.9	-11.8	-4.4	-17.4	0.7	0.8	1.7	3.9	5.7	6.3
YoY Gr. Rt. %	-	-79.7%	-1466.3%	NA	NA	NA	25.4%	103.6%	126.3%	48.1%	-
BVPS (₹ )	66.3	64.1	52.8	33.9	15.9	16.3	16.7	18.3	21	25.7	32.2
YoY Gr. Rt. %	-	-3.3%	-17.6%	-35.8%	-53.2%	2.8%	2.5%	9.5%	14.9%	22.5%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	0.3	0.1	-0.9	-0.7	-3	0.2	0.3	0.5	1	1.4	1.5
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	4.2	6.4	11.8	11.2	5.5	4.8	2.5	1	0.3	0.2	0.2
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	10.9%	21.3%	26.1%	26.9%
Total Income	6.2%	13.6%	17.5%	29.2%
Adj EPS	3.4%	NA	89.7%	48.1%
BVPS	-10%	10.2%	15.5%	22.5%
Share Price	1.5%	32.3%	37.3%	14.9%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	92.64	92.76	88.89	88.05	87.52	87.45	81.87	83.07	87.46	87.24	86.9
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	2.8	2.5	2.1	2.3	2.5	2.8	2.7	2.8	3	3.3	3.4
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	7.1	1.4	-20.1	-15.3	-72.6	5.6	5.4	9.9	19.7	25.1	18.6
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	37.1	36.7	44.9	47.7	49.7	50.3	54	57.9	53.4	52.7	-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.90%

Total Income has increased 17.46 CAGR in last 3 years

Net Profit has increased 89.65 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Bank Of Maharashtra

	Standalone	Consolidated
TTM EPS (₹)	6.3	6.4
TTM Sales (₹ Cr.)	22,530	22,530
BVPS (₹.) ⓘ	32.2	32.4
Reserves (₹ Cr.) ⓘ	17,051	17,255
P/BV ⓘ	1.63	1.62
PE ⓘ	8.27	8.23

From the Market
52 Week Low / High (₹)	42.87 / 73.50
All Time Low / High (₹)	7.71 / 96.50
Market Cap (₹ Cr.)	40,288
Equity (₹ Cr.)	7,691.6
Face Value (₹)	10
Industry PE ⓘ	9.6

Management X-Ray of Bank of Maharashtra:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bank of Maharashtra

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bank of Maharashtra

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	13,671	14,072	13,570	12,602	12,397	13,145	14,496	15,672	18,179	23,493
Interest Income	12,665	13,053	12,062	11,096	10,850	11,495	11,869	13,019	15,898	20,495
Other Income ⓘ	1,006	1,019	1,508	1,506	1,547	1,649	2,628	2,652	2,280	2,998
Expenditure	13,221	13,972	14,943	13,748	17,181	12,756	13,946	14,520	15,577	19,438
Interest Expense	8,790	9,174	8,887	7,707	7,116	7,217	6,971	6,975	8,158	10,673
Operating Expenses	2,526	2,553	2,856	2,704	3,083	3,081	3,565	3,849	3,922	4,814
Provisions	1,904	2,244	3,200	3,337	6,981	2,458	3,410	3,696	3,497	3,950
Profit Before Tax	813	418	-2,143	-3,266	-5,129	-260	954	1,956	3,445	4,359
Taxes	363	317	-771	-2,120	-345	-649	404	804	843	304
Profit After Tax	451	101	-1,373	-1,146	-4,784	389	550	1,152	2,602	4,055
Adjusted EPS (₹)	4.24	0.86	-11.75	-4.41	-17.38	0.67	0.84	1.71	3.87	5.73
Dividend Payout Ratio (%)	19%	0%	0%	0%	0%	0%	0%	29%	34%	24%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	1,063	1,168	1,168	2,598	2,753	5,824	6,560	6,730	6,730	7,081
Total Reserves ⓘ	7,004	7,619	6,211	7,346	2,986	4,931	5,573	7,154	8,880	12,593
Minority Interest	0	0	0	0	0	0	0	0	0	0
Deposits	1,22,119	1,38,990	1,39,053	1,38,981	1,40,650	1,50,066	1,74,006	2,02,294	2,34,083	2,70,747
Borrowings ⓘ	11,127	9,228	8,137	4,064	10,149	3,670	4,239	7,747	10,766	7,719
Other Liabilities	4,706	3,952	4,755	3,340	7,997	4,375	6,287	6,685	7,193	8,998
Total Liabilities ⓘ	1,46,019	1,60,957	1,59,324	1,56,329	1,64,536	1,68,867	1,96,665	2,30,611	2,67,651	3,07,138
Assets
Balance with RBI	6,653	8,382	15,275	15,809	7,920	10,354	12,882	19,722	18,508	21,161
Balance with Banks	100	938	1,367	75	1,235	93	59	194	21	9,150
Investments ⓘ	32,765	36,231	38,590	43,623	59,697	57,741	68,112	68,590	68,867	68,274
Advances	98,599	1,07,563	95,515	85,797	82,666	86,872	1,02,405	1,31,170	1,71,221	2,00,240
Net Block ⓘ	1,432	1,694	1,564	1,487	1,741	1,604	1,622	2,036	2,149	2,200
Other Assets	6,469	6,149	6,990	9,508	11,242	12,132	11,532	8,693	6,878	6,103
Total Assets ⓘ	1,46,019	1,60,957	1,59,324	1,56,329	1,64,536	1,68,867	1,96,665	2,30,611	2,67,651	3,07,138

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-1,083	2,885	7,498	-1,723	-10,823	703	2,467	6,898	-1,438	11,597
Cash Flow From Investing Activity ⓘ	-151	-132	-99	-134	-126	-109	-189	-302	-177	-275
Cash Flow From Financing Activity ⓘ	1,885	-186	-77	1,100	4,220	698	217	378	228	461
Net Cash Flow ⓘ	651	2,567	7,322	-758	-6,729	1,292	2,495	6,974	-1,387	11,783

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	4	1	-12	-4	-17	1	1	2	4	6
DPS (₹)	1	0	0	0	0	0	0	1	1	1
BVPS (₹)	66	64	53	34	16	16	17	18	21	26
Margin Ratios
Yield on Advances (%)	12.9	12.1	12.6	12.9	13.1	13.2	11.6	9.9	9.3	10.2
Yield on Investments (%)	8.4	8.0	8.8	7.7	6.6	7.9	6.9	7.2	6.4	6.8
Cost of Liabilities (%)	6.6	6.2	6.0	5.4	4.7	4.7	3.9	3.3	3.3	3.8
NIM (%)	2.8	2.5	2.1	2.3	2.5	2.8	2.7	2.8	3.0	3.3
Interest Spread (%)	6.3	6.0	6.6	7.6	8.4	8.5	7.7	6.6	6.0	6.4
Performance Ratios
ROA (%)	0.3	0.1	-0.9	-0.7	-3.0	0.2	0.3	0.5	1.0	1.4
ROE (%)	7.1	1.4	-20.1	-15.3	-72.6	5.6	5.4	9.9	19.7	25.1
ROCE (%)	8.7	6.3	-7.9	-18.2	-31.9	1.3	9.1	13.0	18.4	18.6
Efficiency Ratios
Cost to Income Ratio (%)	51.8	52.1	61.0	55.2	58.4	52.0	47.4	44.3	39.1	37.6
Operating Costs to Assets (%)	1.7	1.6	1.8	1.7	1.9	1.8	1.8	1.7	1.5	1.6
Valuation Parameters
Price/Book(x)	0.6	0.5	0.6	0.4	0.9	0.6	1.2	0.9	1.2	2.4

Bank Of Maharashtra Stock News

Bank Of Maharashtra FAQs

What is the share price of Bank of Maharashtra?

Company share prices are keep on changing according to the market conditions. The closing price of Bank of Maharashtra on 21-Nov-2024 16:59 is ₹51.29.

What is the market cap of Bank of Maharashtra?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Bank of Maharashtra stood at ₹40,288.4.

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

The latest P/E ratio of Bank of Maharashtra as of 21-Nov-2024 16:59 is 8.27.

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

The latest P/B ratio of Bank of Maharashtra as of 21-Nov-2024 16:59 is 1.63.

What is the 52-week high and low of Bank of Maharashtra?

The 52-week high of Bank of Maharashtra is ₹73.50 and the 52-week low is ₹42.87.

What is the TTM revenue of Bank of Maharashtra?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bank of Maharashtra is ₹22,530 ( Cr.) .

About Bank Of Maharashtra

Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today, BoM is a premier Bank in the country, with a vast network and several ATMs in 29 states and 5 Union Territories. The Bank has a customer base of millions with the state-of-the-art technology in enhancing customer convenience through Internet Banking, Mobile Banking etc

Business area of the bank

Bank of Maharashtra has the largest network of branches than any other public sector banks in Maharashtra. The services offered by the bank include Personal Banking - under which they offer services & products such as deposits, savings, personal loans, educational loans, RTGS, demat services, credit cards,etc.;NRI banking under which they offer products and services to NRI clients such as FCNR accounts, remittance services, etc. The PSU bank also offers services to agricultural and SME sectors.

History and milestones

1936: Commenced operations on 08-02-1936 in Pune.
1938: Second branch of the bank was opened in 1938 at Fort, Bombay.
1940: Third branch came up at Deccan Gymkhana, Pune.
1944: Status as Scheduled Bank obtained.
1946: Deposits crossed Rs One crore mark. Formed fully owned subsidiary, The Maharashtra Executor & Trustee Company. First branch outside Maharashtra opened in Hubli (Mysore Starte, Now Karnataka).
1949: Expansion to AP: Hyderabad branch opened.
1963: Expansion to Goa: Panjim Branch opened.
1966: Expansion to Madhya Pradesh: Indore branch opened. Entered in Gujarat: Baroda branch opened.
1969: Nationalised alongwith 13 other Banks. Entry in Delhi by opening Karolbagh branch on 19-12-69.
1974: Deposit base crossed Rs. 100 Crore mark.
1976: Marathwada Grameena Bank, first RRB established on 26-08-1976.
1978: New Head Office building inaugurated by Hon'ble Prime Minister of India Shri. Morarji Desai Deposits crossed the figure of Rs 500 Crores.
1979: “Mahabank Agricultural Research and Rural Development Foundation”, registered as a public trust, was established for undertaking research and extension work and to provide more extensive services to farmers.
1985: 500th branch in Maharashtra state was opened at the hands of the then Prime Minister, Mrs Indira Gandhi at Nariman Point, Mumbai. First Advanced Ledger Posting Machine (ALPM) was installed at the branch. Golden Jubilee Year Celebrations launched at the hands of Dr. Manmohan Singh, Governor Reserve Bank of India.
1986: Thane Grameena Bank sponsored.
1987: The 1000th branch of the Bank was inaugurated at Indira vasahat, Bibwewadi, Pune at the auspicious hands of Dr.Shankar Dayal Sharma, the Honourable Vice President of India.
1991: 'Mahabank Farmer Credit Card ' was launched. Entered in to Domestic Credit Card Business. Main Frame Computer installed. Became member of the SWIFT.
1995: Diamond Jubilee Celebrations - Dr C Rangarajan the RBI Governor was the Chief Guest. Deposits crossed Rs 5000 crore mark.
1996: Moved into “A” category from the earlier “C” category. Autonomy obtained.
2000: Deposits crossed Rs 10000 crore mark.
2004: Public Issue of Shares - 24% owned by Public. Listed in BSE and NSE.
2005: Bancassurance and Mutual Fund distribution business started.
2006: Crossed total business level of Rs.50,000 Crore. Branch CBS Project started.
2009: Entered in to 75th year of dedicated service to the Nation.Adopted 75 underdeveloped villages for integrated overall development.
2010: 100% CBS of branches achieved Total Business crossed Rs One lakh crore. Opened 76 branches in the Platinum Year taking the total to 1506. Platinum Jubilee Year concluding ceremony at the hands of the then Finance Minister, Shri Pranab Mukherjee held at Vigyan Bhavan, New Delhi. New initiatives like Mahachetana, opening of E-lounges in Pune, Mumbai and Delhi, Micro Asset Recovery cells were implemented.
2011: First SHG Branch opened in Pune. Bank sponsored Maharashtra Gramin Bank achieved 100% CBS in record 77 days. 77th anniversary of Foundation day celebrations at the hands of Honble Finance Minister, Shri Pranab Mukherjee dedicating 5 specialised branches to SHGs and opening of 5 Mid-Corporate branches on the occasion. First ever visit of Union Finance Minister to Bank’s Central Office - Honble Finance Minister, Shri Pranab Mukherjee visits Lokmangal, the Bank’s Head quarters in Pune on 7-11-2011.
2012: Hon’ble Union Finance Minister Shri P Chidambaram inaugurates the Bank’s 1624th branch at Rajgambiram on 25.08.2012. Sept 2012: Bank’s total business crossed Rs.1,50,000 cr and reached the level of Rs. 1,51,320 crore. Bank of Maharashtra awarded “Best Banker - Customer Friendliness” for 2012 by The Sunday Standard. Received the Dun & Bradstreet - Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”. BoM hosted Bancon 2012 in Pune on 24th-25th November 2012. Hon’ble Union Finance Minister Shri P. Chidambaram inaugurated the Conference.
2013: Launch of Rupay card launch by Sonia Gandhi in Delhi. 50 Branches opened on 15th August 2013. Total Business Crossed Rs 2.00 Lakh Crore.
2014: 162 new branches; largest number to be opened in a single year, opened taking the branch network to 1890.1129 ATMs installed taking the total number to 1827. Bank’s own EFT Switch implemented live.
2015: 26 new branches; Branch network reached 1889. Launched ‘Mahamobile’-Mobile Banking Application. ISO 27001:2013 certification for its Data Centre, DR Centre, PMO & HO-IT.
2016: Bank crossed milestone figure of Rs 2.50 Lakh Crore. Implemented ‘MAHASECURE’ - add on application for Internet Banking; because of which no phishing attacks have been reported. ‘Best Financial Inclusion Initiative’ award by IBA - Banking Technology.
2017-18: “Ghar Ghar Dastak Yojana” (GGDY) was introduced for Small NPA borrowers up to Rs 10 lakhs. The bank has launched “MahaMukti - 2017-18 (A)” and “MahaMukti - 2017- 18 (B)”. The bank has also launched Mahabank Karjmukti Yojana, an OTS scheme for recovery in Regular Written Off (RWO) a/cs up to Rs 25 lakhs introduced in previous year was continued during 2017-18.
2018-19: Maha-Riyayat Yojana (MRY) was introduced for NPAs having ledger balance above Rs 1 crore and up to Rs 50 crore.
2019-20: Introduced new schemes - Maha Contractor Scheme, Maha Hospitality Scheme and ‘Standby Line of Credit for MSME (SLCMSME). Introduced Standby line of credit for working capital (SLC-WC) to give additional comfort to the existing MSME borrower in regard to liquidity easing. Under Contactless Cards, the bank launched National Common Mobility Card (NCMC).