Bank Of Maharashtra

NSE: MAHABANK BSE: 532525 SECTOR: Bank - Public  46k   335   73

16.50
+0.50 (3.13%)
NSE: 24 Jun 03:59 PM

Price Summary

Today's High

₹ 16.7

Today's Low

₹ 15.95

52 Week High

₹ 26.3

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

11105.32 Cr.

CASA %

53.99

No. of Shares

673.05 Cr.

P/E

9.64

P/B

0.9

Face Value

₹ 10

Div. Yield

3.03 %

Book Value (TTM)

₹  18.29

Net Interest Income

4897.47 Cr.

Cost To Income %

44.26

Promoter Holding

90.97 %

EPS (TTM)

₹  1.71

CAR %

14.49

ROE

5.38 %

ROCE

10.89%

Profit Growth

41.61 %

* 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.
* 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 Year9.9%
3 Year6.96%
5 Year-13.4%

ROA%

1 Year0.54%
3 Year0.36%
5 Year-0.53%

Net NPA%

1 Year0.97%
3 Year2.74%
5 Year5%

 NIM

1 Year2.75%
3 Year2.73%
5 Year2.6%

CAR %

14.49

Cost of Liabilities %

3.91096122041168

PEG Ratio

0.38

Advances Growth %

28.0896687138642

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 90.97 0
Dec 2021 90.97 0
Sep 2021 90.97 0
Jun 2021 93.33 0
Mar 2021 93.33 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • CASA stands at 53.9897506677702% of total deposits.
  • The company has delivered good Profit growth of 35.363396271499% over the past 3 years.

 Limitations

  • The bank has a very low ROA track record. Average ROA of 3 years is 0.357727056076766%
  • Company has a low ROE of 6.96244093857159% over the last 3 years.
  • The Bank has a high NPA ; Average NPA of the last 3 years stands at 2.74%.
  • High Cost to income ratio of 47.3903988326596%.
  • The company has delivered poor Income growth of 2.26762758673382% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Interest Earned 3097.63 3103.55 3207.28 3282.08 3426.31
Other Income 1236.99 690.98 492.81 611.15 522.24
Interest Expended 1714.61 1697.63 1707.71 1755.19 1814.29
Operating Expenses 1078.69 986.5 931.68 975.57 955.26
Total Provisions 1341.27 650.44 515.61 752.32 365.38
Profit Before Tax 200.05 459.96 545.09 410.15 813.62
Tax 34.97 251.95 281.42 85.52 458.39
Net Profit 165.08 208.01 263.67 324.63 355.23
Net NPA % 2.48 2.22 1.73 1.24 0.97
Gross NPA % 7.23 6.35 5.56 4.73 3.94
Return on Assets % 0.35 0.41 0.53 0.6 0.65
NPM % 5.33 6.7 8.22 9.89 10.37

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Interest Earned 11096.41 10849.6 11495.45 11868.54 13019.22
Other Income 1506.05 1547.45 1649.23 2627.67 2652.48
Interest Expended 7706.68 7116.12 7216.65 6971.07 6974.82
Operating Expenses 2704.39 3083.33 3080.96 3565.06 3849.01
Total Provisions 5457.19 7326.93 3107.48 3005.95 2892.27
Profit Before Tax -3265.79 -5129.32 -260.42 954.13 1955.59
Taxes -2120.14 -345.44 -649 403.88 804.06
Net Profit -1145.65 -4783.88 388.58 550.25 1151.54
Adjusted EPS (Rs.) -4.41 -17.38 0.67 0.84 1.71

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 2598.45 2753.17 5824.11 6560.16 6730.5
Total Reserves 7345.51 2986.27 4931.17 5573.02 7154.37
Deposits 138981.18 140650.09 150066.4 174005.62 202294.29
Borrowings 4063.71 10149.17 3670.03 4238.75 7746.74
Other Liabilities 3339.89 7996.83 4375.47 6287.46 6685.46
Total Liabilities 156328.75 164535.53 168867.18 196665.01 230611.37
Assets
Balance with RBI 15809.06 7919.99 10353.68 12882.48 19721.93
Balance with Banks 74.9 1234.92 93.28 59.25 194.05
Investments 43622.8 59697.05 57740.85 68111.64 68589.97
Advances 85797.28 82666.21 86871.65 102405.17 131170.44
Net Block 1486.6 1741.15 1604.42 1621.99 2036.43
Other Assets 9508.03 11241.84 12131.52 11532.47 8693.33
Total Assets 156328.75 164535.53 168867.18 196665.01 230611.37
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 93.33 93.33 90.97 90.97 90.97
president of india 87.01 87.01 87.01 87.01 -
president of india... - - - - 75.54
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 6.67 6.67 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

  • PresentationQ4FY22 27 May 2022
  • PresentationQ3FY22 11 Feb 2022

Company News

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 reports 2- fold jump in Q4 consolidated net profit26 May 2022, 2:47PM Bank of Maharashtra eyeing 25-30% growth in net profit in current financial year23 May 2022, 9:52AM Bank Of Maharashtra informs about appointment of chief risk officer of bank12 May 2022, 2:56PM Bank of Maharashtra launches digital products for next leap of progress12 May 2022, 10:23AM Bank of Maharashtra reports over 2-fold jump in Q4 consolidated net profit 28 Apr 2022, 4:00PM Bank of Maharashtra - Quaterly Results28 Apr 2022, 1:35PM Bank of Maharashtra - Quaterly Results28 Apr 2022, 1:35PM Bank of Maharashtra - Quaterly Results28 Apr 2022, 1:35PM RBI imposes monetary penalty of Rs 1.12 crore on Bank of Maharashtra26 Apr 2022, 9:38AM Bank of Maharashtra informs about statement of outstanding debt securities8 Apr 2022, 4:44PM Bank of Maharashtra to divest entire stake in India SME Asset Reconstruction Company 8 Apr 2022, 10:37AM Bank of Maharashtra to divest entire stake of 4% in ISARC 7 Apr 2022, 4:35PM Bank of Maharashtra joins hands with NPCI 7 Apr 2022, 10:36AM Bank of Maharashtra’s total deposits up 16% in Q4FY224 Apr 2022, 4:15PM Bank of Maharashtra wins best bank award 28 Mar 2022, 2:27PM Bank Of Maharashtra informs about allotment 24 Mar 2022, 4:44PM Bank of Maharashtra raises Rs 290 crore through bonds24 Mar 2022, 2:29PM Bank of Maharashtra subscribes shares in India Debt Resolution Company19 Feb 2022, 2:16PM Bank of Maharashtra emerges as top performer among PSBs in deposit mobilisation in Q3 14 Feb 2022, 11:07AM Bank of Maharashtra tops PSU lenders' chart in terms of loans, savings deposit growth in Q3FY2210 Feb 2022, 11:08AM Bank of Maharashtra reports above 2-fold jump in Q3 consolidated net profit21 Jan 2022, 5:21PM Bank Of Maharashtra informs about audio recordings of earnings call21 Jan 2022, 11:55AM Bank of Maharashtra - Quaterly Results20 Jan 2022, 1:04PM Bank of Maharashtra to use Route Mobile’s CPaaS solutions for WhatsApp Banking Service13 Jan 2022, 11:42AM Bank of Maharashtra informs about record date 7 Jan 2022, 4:44PM Bank of Maharashtra’s total deposits up 15% in Q3FY224 Jan 2022, 3:19PM Bank of Maharashtra launches WhatsApp Banking Service31 Dec 2021, 10:42AM Bank of Maharashtra enters into partnership with MAS Financial Services28 Dec 2021, 11:40AM Bank of Maharashtra lowers home loan rate 13 Dec 2021, 11:40AM Bank of Maharashtra partners with National Payments Corporation of India10 Dec 2021, 11:28AM Bank of Maharashtra reviews MCLRs9 Dec 2021, 2:19PM Bank Of Maharashtra informs about interest rate updates9 Dec 2021, 1:59PM Bank of Maharashtra emerges as top performer among public sector lenders 15 Nov 2021, 4:11PM Bank of Maharashtra raises Rs 1000 crore through bonds 22 Oct 2021, 11:02AM Bank of Maharashtra reports over 2- fold jump in Q2 consolidated net profit 21 Oct 2021, 3:30PM Bank of Maharashtra informs about board meeting14 Oct 2021, 4:16PM Bank of Maharashtra launches digital lending platform for home, car loan9 Oct 2021, 10:44AM Bank of Maharashtra’s total deposits up 14% in Q2FY228 Oct 2021, 2:34PM Bank of Maharashtra eyeing total business to cross Rs 3 lakh crore 3 Sep 2021, 3:32PM Bank of Maharashtra waives loan processing fees under special offer 21 Aug 2021, 9:11AM Bank of Maharashtra tops PSU banks chart in terms of loan, saving deposit growth in Q116 Aug 2021, 2:29PM Bank of Maharashtra reports 2-fold jump in Q1 consolidated net profit22 Jul 2021, 2:45PM Bank of Maharashtra closes QIP17 Jul 2021, 11:49AM Bank of Maharashtra fixes floor price for Rs 2,000 crore QIP14 Jul 2021, 12:28PM Bank of Maharashtra informs about investor meet 10 Jul 2021, 11:53AM Bank of Maharashtra’s gross advances rise to Rs 110,444 crore in Q1FY227 Jul 2021, 11:55AM Bank of Maharashtra gets shareholders' nod to raise Rs 5,000 crore25 Jun 2021, 9:30AM Bank of Maharashtra becomes top performer among public sector lenders in MSME loan growth in FY2121 Jun 2021, 12:54PM

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 11868.5408 Cr. revenue in the latest financial year. It has posted Poor revenue growth of 2.26762758673382 % in last 3 Years.

  • In terms of advances, the bank reported 17.8809953984655 % YOY,  rise . If you see 3 years advance growth, it stands at 6.07575235168392 %.

  • Currently the company has a CASA ratio of 53.9897506677702 %. It’s overall cost of liability stands at 3.91096122041168 %. Also, the total deposits from these accounts stood at Rs 174005.6191 Cr.

  • The Bank has a Poor ROA track record. The ROA of Bank of Maharashtra is at 0.301068746925779 %.

  • The Lender is inefficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 7.23 % and 2.48 % 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 -12.2578204226618 % 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 surged and is currently at Rs 2625.2689 Cr.

  • The company has a Good Capital Adequacy Ratio of 14.49 .

  • 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 0.9023 . The historical average PB was 0.738357096481387.

Brief about Bank of Maharashtra

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