Bank of Maharashtra

Bank Of Maharashtra

NSE: MAHABANK BSE: 532525 SECTOR: Bank - Public  81k   496   96

30.35
+0.85 (2.88%)
NSE: 31 May 03:59 PM

Price Summary

Today's High

₹ 30.5

Today's Low

₹ 29.25

52 Week High

₹ 36.25

52 Week Low

₹ 15

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and sound margins.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 20427.06 Cr.

CASA %

53.38

No. of Shares

673.05 Cr.

P/E

7.85

P/B

1.44

Face Value

₹ 10

Div. Yield

4.28 %

Book Value (TTM)

₹  21.01

Net Interest Income

₹ 7740.78 Cr.

Cost To Income %

39.14

Promoter Holding

90.97 %

EPS (TTM)

₹  3.87

CAR %

0

ROE

19.68 %

ROCE

18.4%

Profit Growth

125.96 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

ROE%

1 Year19.68%
3 Year11.65%
5 Year-6.41%

ROA%

1 Year1.04%
3 Year0.63%
5 Year-0.17%

Net NPA%

1 Year0%
3 Year1.15%
5 Year2.75%

 NIM

1 Year2.99%
3 Year2.8%
5 Year2.73%

CAR %

0

Cost of Liabilities %

3.33172806209583

PEG Ratio

0.06

Advances Growth %

30.5329711754132

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 90.97 0
Dec 2022 90.97 0
Sep 2022 90.97 0
Jun 2022 90.97 0
Mar 2022 90.97 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has a good Return on Equity (ROE) track record: 3 Years ROE 11.6525087912628%.
  • CASA stands at 53.3832515608672% of total deposits.
  • The company has delivered good Profit growth of 88.4852301926678% over the past 3 years.
  • Strong Advances growth of 25.3793575330345% in the last 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.628174985169821%

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Interest Earned 3426.31 3457.47 3815.06 4129.04 4495.41
Other Income 522.24 316.85 502.3 640.74 821.86
Interest Expended 1814.29 1771.76 1928.03 2149.42 2308.47
Operating Expenses 955.26 800.8 927.46 1040.07 1153.51
Total Provisions 365.38 548.41 579.27 581.9 944.75
Profit Before Tax 813.62 653.35 882.6 998.39 910.54
Tax 458.39 201.45 347.54 223.36 70.5
Net Profit 355.23 451.9 535.06 775.03 840.04
Net NPA % 0.97 0.88 0.68 0.47 0.25
Gross NPA % 3.94 3.74 3.4 2.94 2.47
Return on Assets % 0.65 0.81 0.92 1.3 1.32
NPM % 10.37 13.07 14.02 18.77 18.69

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Interest Earned 10849.6 11495.45 11868.54 13019.22 15898.46
Other Income 1547.45 1649.23 2627.67 2652.48 2280.27
Interest Expended 7116.12 7216.65 6971.07 6974.82 8157.68
Operating Expenses 3083.33 3080.96 3565.06 3849.01 3921.84
Total Provisions 7326.93 3107.48 3005.95 2892.27 2654.33
Profit Before Tax -5129.32 -260.42 954.13 1955.59 3444.89
Taxes -345.44 -649 403.88 804.06 842.85
Net Profit -4783.88 388.58 550.25 1151.54 2602.04
Adjusted EPS (Rs.) -17.38 0.67 0.84 1.71 3.87

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 2753.17 5824.11 6560.16 6730.5 6730.5
Total Reserves 2986.27 4931.17 5573.02 7154.37 8879.77
Deposits 140650.09 150066.4 174005.62 202294.29 234082.68
Borrowings 10149.17 3670.03 4238.75 7746.74 10765.66
Other Liabilities 7996.83 4375.47 6287.46 6685.46 7192.78
Total Liabilities 164535.53 168867.18 196665.01 230611.37 267651.39
Assets
Balance with RBI 7919.99 10353.68 12882.48 19721.93 18507.72
Balance with Banks 1234.92 93.28 59.25 194.05 21.19
Investments 59697.05 57740.85 68111.64 68589.97 68866.95
Advances 82666.21 86871.65 102405.17 131170.44 171220.67
Net Block 1741.15 1604.42 1621.99 2036.43 2149.2
Other Assets 11241.84 12131.52 11532.47 8693.33 6878.15
Total Assets 164535.53 168867.18 196665.01 230611.37 267651.39
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 90.97 90.97 90.97 90.97 90.97
president of india 87.01 87.01 87.01 87.01 -
president of india... - - - - 75.54
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 9.03 9.03 9.03 9.03 9.03
life insurance cor... - - - - 10.77
life insurance cor... 5.72 5.72 5.72 5.72 -
punjab national ba... - - - - 1.42

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Bank of Maharashtra emerges as top performer in NPA management during FY2329 May 2023, 11:36AM Bank of Maharashtra emerges as top performer in terms of loan, deposit growth25 May 2023, 12:58PM Bank of Maharashtra informs about record date 4 May 2023, 2:36PM Bank of Maharashtra informs about reconciliation of share capital audit report26 Apr 2023, 10:54AM Bank Of Maharashtra informs about board meeting 24 Apr 2023, 4:30PM Bank of Maharashtra reports 2- fold jump in Q4 consolidated net profit24 Apr 2023, 3:00PM Bank of Maharashtra - Quaterly Results24 Apr 2023, 1:39PM Bank of Maharashtra - Quaterly Results24 Apr 2023, 1:39PM Bank of Maharashtra - Quaterly Results24 Apr 2023, 1:39PM Bank of Maharashtra planning to raise funds up to Rs 7,500 crore20 Apr 2023, 10:11AM Bank of Maharashtra launches several new products, utilities10 Apr 2023, 3:46PM Bank of Maharashtra logs credit growth of 29.59% in Q4 FY236 Apr 2023, 11:08AM Bank of Maharashtra launches own private cloud platform20 Mar 2023, 4:58PM Bank Of Maharashtra informs about analyst meet25 Feb 2023, 1:57PM BoM emerges as top performer among state-owned lenders in loan growth in Q3FY2320 Feb 2023, 11:17AM Bank Of Maharashtra informs about resignation of CS cum CO18 Feb 2023, 11:16AM Bank Of Maharashtra informs about interest rates updates 13 Feb 2023, 12:32PM Bank of Maharashtra aiming to achieve total business of Rs 5 lakh crore in next 2 years23 Jan 2023, 10:55AM BoM planning to raise up to Rs 1,000 crore from QIP to meet MPS norms of Sebi17 Jan 2023, 11:19AM Bank of Maharashtra reports 2- fold jump in Q3 consolidated net profit16 Jan 2023, 2:30PM Bank of Maharashtra - Quaterly Results16 Jan 2023, 12:55PM Bank of Maharashtra - Quaterly Results16 Jan 2023, 12:55PM Bank of Maharashtra - Quaterly Results16 Jan 2023, 12:55PM Bank of Maharashtra posts credit growth of 21.81% in Q3FY233 Jan 2023, 4:21PM Bank Of Maharashtra informs updates 3 Jan 2023, 12:30PM Bank of Maharashtra raises Rs 880 crore through bonds23 Dec 2022, 12:44PM Bank of Maharashtra informs about updates on interest rates 14 Dec 2022, 12:47PM Bank of Maharashtra informs about details of loss of certificate 12 Dec 2022, 5:04PM Bank of Maharashtra informs about allotment of bonds7 Dec 2022, 4:34PM Bank of Maharashtra raises Rs 348 crore through bonds7 Dec 2022, 4:00PM Bank of Maharashtra informs about strike18 Nov 2022, 5:03PM Bank of Maharashtra emerges as top performer among PSU lenders in credit growth in Q214 Nov 2022, 4:42PM Bank of Maharashtra reports over 2-fold jump in Q2 consolidated net profit 17 Oct 2022, 3:17PM Bank of Maharashtra - Quaterly Results17 Oct 2022, 1:27PM Bank of Maharashtra - Quaterly Results17 Oct 2022, 1:27PM Bank of Maharashtra - Quaterly Results17 Oct 2022, 1:27PM Bank of Maharashtra cuts interest rate on home loans to 8% as part of festive offer17 Oct 2022, 12:39PM BoM integrates technology platform with new direct tax collection system TIN 2.010 Oct 2022, 2:27PM Bank of Maharashtra’s gross advances rise by 28.65% in Q2FY234 Oct 2022, 6:00PM Bank of Maharashtra informs about allotment8 Sep 2022, 2:50PM Bank of Maharashtra raises Rs 710 crore from bonds to fund business growth7 Sep 2022, 6:00PM Bank of Maharashtra organizes credit outreach programme 5 Sep 2022, 4:00PM Bank of Maharashtra tops list of PSU lenders in loan, deposit growth in Q1FY2312 Aug 2022, 4:00PM Bank of Maharashtra waives full processing fee on housing and car loans29 Jul 2022, 5:49PM Bank of Maharashtra reports 2-fold jump in Q1 consolidated net profit18 Jul 2022, 3:29PM Bank of Maharashtra - Quaterly Results18 Jul 2022, 1:34PM Bank of Maharashtra - Quaterly Results18 Jul 2022, 1:34PM Bank of Maharashtra - Quaterly Results18 Jul 2022, 1:34PM Bank of Maharashtra organizes customer connect and outreach programme 8 Jun 2022, 10:18AM Bank of Maharashtra tops PSU lenders chart in loan growth in FY2230 May 2022, 11:06AM

Bank of Maharashtra Stock Price Analysis and Quick Research Report. Is Bank of Maharashtra an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Bank of Maharashtra is performing and if it is the right time to buy the stock of Bank of Maharashtra with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Bank of Maharashtra has earned Rs 15898.4586 Cr. revenue in the latest financial year. It has posted decent revenue growth of 11.414722158688 % in last 3 Years.

  • In terms of advances, the bank reported 30.5329711754132 % YOY,  rise . If you see 3 years advance growth, it stands at 25.3793575330345 %.

  • Currently the company has a CASA ratio of 53.3832515608672 %. It’s overall cost of liability stands at 3.33172806209583 %. Also, the total deposits from these accounts stood at Rs 234082.6837 Cr.

  • The Bank has a average ROA track record. The ROA of Bank of Maharashtra is at 1.04444386936188 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 0 % and 0 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -8.226915191182 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Bank of Maharashtra decreased and is currently at Rs 2280.2707 Cr.

  • The company has a inadequate Capital Adequacy Ratio of 0 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Bank of Maharashtra is trading at a P/B of 1.442 . The historical average PB was 0.949572781907997.

Brief about Bank of Maharashtra

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