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Bank of Maharashtra (MAHABANK.NS)

INR80.10 +0.63 (+0.79%)
IN NSE Financial Services Banks - Regional
Address Lokmangal 411005
Pune, IN
CEO Nidhu Saxena
IPO 2004-04-12
ISIN INE457A01014

Explore sections of this company profile

Also trades on Bombay Stock Exchange · MAHABANK.BO (INR) National Stock Exchange of India · MAHABANK.NS (INR)
Description

Bank of Maharashtra, established in 1935 and headquartered in Pune, India, offers a comprehensive suite of banking and financial services across the nation. The bank's operations are segmented into Treasury, Corporate/Wholesale Banking, Retail Banking, and other banking activities. It provides various deposit solutions, including savings, current, and fixed-term accounts, alongside specialized capital gain schemes. Its extensive lending portfolio caters to a wide range of needs, offering personal credit options such as housing, vehicle, education, gold, consumer, and personal loans, as well as specific schemes like top-up, salary-backed, Adhaar, and property-secured financing. For businesses, the bank delivers working capital, term, project, infrastructure, export, and bill financing, lines of credit, commercial lease rental services, account takeover facilities, and non-fund-based services, with dedicated offerings for micro, small, and medium enterprises (MSMEs) and the agricultural sector. Beyond core banking, Bank of Maharashtra also provides digital banking and lending services, facilitates government schemes, offers international trade finance services (including documentary credits, import/export financing, and guarantees), travel-related foreign exchange, non-resident Indian (NRI) services, remittance facilities, and various risk management solutions, such as hedging against exchange rate fluctuations. As of March 31, 2022, the bank maintained a significant physical presence with 2,072 banking outlets and 2,128 automated teller machines and cash recycler machines.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR80.10 +0.63 (+0.79%)
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Volume Profile
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Liquidity & share structure
Average Volume
21M
Beta
0.79
Float Shares
1.57B
Free Float %
20.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.08% +11.21% +9.17% +36.21% +53.08% +40.69% +60.48% +206.32% +233.21% +202.08% +121.86%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
80.10
DCF (Unlevered) 118.05 +47.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 0 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.30
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
  • Revenue growth
    +21.4% Q2'26: +15.0% (vs Q2'25)
  • EPS growth
    +21.4% Q2'26: +34.2% (vs Q2'25)
  • FCF margin
    Q2'26: +0.0% (vs Q2'25)
  • EBIT margin
    Q2'26: +25.1% (vs Q2'25)
  • ROIC
    Q2'26: +19.9% (vs Q2'25)
  • Share dilution
    +4.3% Q2'26: +0.2% (vs Q2'25)
  • Debt / EBITDA
    Q2'26: 3.87× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.79) × ERP
WACC = 66% × Ke + 34% × Kd (44.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 117.87 Current price: 80.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2022
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
2 EPS Ana.
Mar 2027
1 Rev. Ana.
2 EPS Ana.
Mar 2028
1 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
137.28B
est: 49.13B (+179.4%)
140.99B
est: 55.95B (+152.0%)
151.64B
est: 55.95B (+171.0%)
226.60B
est: 104.77B (+116.3%)
270.40B
est: 121.97B (+121.7%)
173.46B
173.46B – 173.46B
+42.2% YoY
205.14B
205.14B – 205.14B
+18.3% YoY
240.52B
240.52B – 240.52B
+17.2% YoY
277.84B
277.84B – 277.84B
+15.5% YoY
141.05B
141.05B – 141.05B
-49.2% YoY
EBITDA
9.48B
est: 6.94B (+36.6%)
5.85B
est: 7.91B (-26.1%)
14.22B
est: 7.91B (+79.8%)
42.95B
est: 14.81B (+190.0%)
58.32B
est: 48.98B (+19.1%)
69.65B
69.65B – 69.65B
+42.2% YoY
82.37B
82.37B – 82.37B
+18.3% YoY
96.58B
96.58B – 96.58B
+17.2% YoY
111.56B
111.56B – 111.56B
+15.5% YoY
56.64B
56.64B – 56.64B
-49.2% YoY
EBIT
8.33B
est: 6.30B (+32.2%)
4.35B
est: 7.18B (-39.3%)
11.53B
est: 7.18B (+60.7%)
40.72B
est: 13.44B (+203.0%)
55.42B
est: 48.48B (+14.3%)
68.94B
68.94B – 68.94B
+42.2% YoY
81.53B
81.53B – 81.53B
+18.3% YoY
95.60B
95.60B – 95.60B
+17.2% YoY
110.43B
110.43B – 110.43B
+15.5% YoY
56.06B
56.06B – 56.06B
-49.2% YoY
Net Income
4.65B
est: 42.06B (-89.0%)
1.18B
est: 34.68B (-96.6%)
11.53B
est: 34.68B (-66.7%)
40.72B
est: 36.16B (+12.6%)
55.42B
est: 43.09B (+28.6%)
66.71B
66.71B – 66.71B
+54.8% YoY
76.29B
75.53B – 79.50B
+14.4% YoY
84.81B
81.48B – 95.86B
+11.2% YoY
106.95B
106.95B – 106.95B
+26.1% YoY
49.24B
49.24B – 49.24B
-54.0% YoY
SGA
487.52M
est: 271.08M (+79.8%)
21.92B
est: 308.71M (+7,000.7%)
31.37B
est: 308.71M (+10,062.2%)
40.75B
est: 578.08M (+6,949.9%)
49.77B
est: 18.18B (+173.7%)
25.86B
25.86B – 25.86B
+42.2% YoY
30.58B
30.58B – 30.58B
+18.3% YoY
35.85B
35.85B – 35.85B
+17.2% YoY
41.42B
41.42B – 41.42B
+15.5% YoY
21.03B
21.03B – 21.03B
-49.2% YoY
EPS
4.64
est: 5.70 (-18.6%)
1.06
est: 4.70 (-77.4%)
1.73
est: 4.70 (-63.2%)
5.80
est: 4.90 (+18.4%)
7.51
est: 5.60 (+34.1%)
8.67
8.67 – 8.67
+54.8% YoY
10.08
9.82 – 10.33
+16.2% YoY
11.53
10.59 – 12.46
+14.4% YoY
13.90
13.90 – 13.90
+20.6% YoY
6.40
6.40 – 6.40
-54.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-11 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-10 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-09 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-08 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-05 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-04 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-03 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-02 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-06-01 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-29 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-27 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-26 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-25 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-22 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-21 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-20 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-19 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-18 B 3/5 1/5 5/5 4/5 2/5 3/5 2/5
2026-05-15 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-14 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-13 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-12 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-11 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-08 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-07 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-06 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-05 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-05-04 B+ 3/5 1/5 5/5 4/5 2/5 4/5 2/5
2026-04-30 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-29 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-28 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-27 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-24 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-23 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-22 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-04-20 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-17 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5
2026-04-16 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5
2026-04-15 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.45B
OE per share TTM
-0.19
Owner's Yield
-0.22%
Maintenance CapEx ratio
22.88%
Maint CapEx / Avg PPE
11.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.02% 37.9K 0.07%
2 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.81M 0.06%
3 Vanguard FTSE Emerging Markets ETF VWO 0.01% 16.84M 0.06%
4 Vanguard FTSE All-World ex-US ETF VEU 0.00% 2.89M 0.04%
5 Vanguard Total International Stock ETF VXUS 0.00% 18.59M 0.05%
6 Vanguard Total World Stock ETF VT 0.00% 1.02M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.82M
Shares Outstanding
7.69B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nidhu Saxena Chief Executive Officer, MD & Director 4M male
Arun Fanidhar Kabade GM of Agriculture & Financial Management and Accounting male
Devdatta Vitthal Rokade GM of Liabilities Portfolio, Strategy, Operations & ABC male
Dinkar Baburao Sankpal Chief General Manager male
K. Rajesh Kumar GM of HRM, L&D, Rajbhasha, Marketing, Publicity & Corporate Services male
Pradeep Kumar Srivastava Chief Technology Officer male
Sunil Dhoot Deputy GM & Chief Financial Officer male
Uma Vedula Chief Compliance Officer female
Amit Srivastava Chief Vigilance Officer male
Vijay Prakash Srivastava Chief General Manager male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits