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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Bank of Maharashtra

About the Company - Bank of Maharashtra

Bank of Maharashtra is a Public Limited Listed company incorporated on 16/09/1935 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public Sector1501, Lokmangal, Pune Maharashtra 411005investor_services@mahabank.co.in
http://www.bankofmaharashtra.in
Management
NamePosition Held
Mr. Nidhu SaxenaManaging Director & CEO
Mr. Rohit RishiExecutive Director
Mr. Asheesh PandeyExecutive Director
Mr. Rakesh KumarShareholder Director
Mr. Shashank ShrivastavaPart Time Non Official Director
Mr. S Baljit SinghPart Time Non Official Director
Dr. Abhijit PhukonGovernment Nominee Director
Mr. Sanjeev PrakashNominee Director

Basic Stock Data of Bank of Maharashtra

Last Updated: July 20, 2024, 11:20 pm

Market Cap 46,489 Cr.
Current Price 65.6
High / Low73.5/32.7
Stock P/E10.4
Book Value 28.1
Dividend Yield2.13 %
ROCE5.38 %
ROE22.8 %
Face Value 10.0
PEG Ratio0.21

Data Source: screener.in

Bank of Maharashtra Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue3,0073,0983,1043,2073,2823,4263,4573,8154,1314,4954,7895,0685,172
Interest1,7001,7141,6971,7081,7551,8141,7721,9282,1492,3082,4492,6362,705
Expenses1,4762,4201,7401,8701,8121,3211,3491,5071,6222,0981,8822,1642,076
Financing Profit-170-1,037-334-370-28529133738035989458268390
Financing Margin %-6%-33%-11%-12%-9%8%10%10%9%2%10%5%8%
Other Income5751,237687832611522317503640822629668680
Depreciation0000000000000
Profit before tax4052003534623278136548839999111,0889361,070
Tax %62%18%41%43%1%56%31%39%22%8%19%2%3%
Net Profit1561692142743103564535357778418849201,038
EPS in Rs0.240.260.330.410.460.530.670.791.151.251.251.301.47
Gross NPA %7.69%7.23%6.35%5.56%4.73%3.94%3.74%3.40%2.94%2.47%2.28%2.19%2.04%
Net NPA %2.59%2.48%2.22%1.73%1.24%0.97%0.88%0.68%0.47%0.25%0.24%0.23%0.22%

Last Updated: July 10, 2024, 3:30 pm

Bank of Maharashtra Quarterly Chart

Bank of Maharashtra Profit & Loss

Last Updated: July 10, 2024, 3:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue7,2149,61311,95712,66513,05312,06211,09610,85011,49611,86913,01915,89919,524
Interest4,6966,5808,4478,7909,1748,8867,7067,1157,2166,9706,9748,15710,098
Expenses2,4342,5303,9183,9534,3326,7098,0349,8255,3306,7887,2787,1578,221
Financing Profit83503-409-78-453-3,533-4,643-6,090-1,050-1,889-1,2335841,205
Financing Margin %1%5%-3%-1%-3%-29%-42%-56%-9%-16%-9%4%6%
Other Income6489229071,0201,0371,5251,5401,5681,6602,6492,6552,2832,798
Depreciation66741001151491181292412111882682620
Profit before tax6651,352399827435-2,126-3,232-4,7633995711,1532,6054,003
Tax %34%43%0%44%73%36%66%0%0%0%0%0%
Net Profit437769399465118-1,356-1,112-4,7633995711,1532,6053,682
EPS in Rs7.4111.634.754.371.01-11.61-4.28-17.300.680.871.713.875.27
Dividend Payout %30%20%21%18%0%0%0%0%0%0%29%34%

Bank of Maharashtra Profit & Loss Yearly Chart

Bank of Maharashtra Growth

Compounded Sales Growth
10 Years:6%
5 Years:14%
3 Years:20%
TTM:25%
Compounded Profit Growth
10 Years:26%
5 Years:23%
3 Years:92%
TTM:48%
Stock Price CAGR
10 Years:3%
5 Years:35%
3 Years:41%
1 Year:103%
Return on Equity
10 Years:2%
5 Years:13%
3 Years:17%
Last Year:23%

Last Updated: July 17, 2024, 5:55 pm

Bank of Maharashtra Balance Sheet

Last Updated: July 10, 2024, 3:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital5906618391,0631,1681,1682,5982,7535,8246,5606,7306,730
Reserves3,5645,1765,9837,0607,6926,3017,4693,1305,0855,7487,3319,060
Preference Capital588588588000000000
Borrowings83,467107,208125,120133,237148,208147,177143,030150,785153,720178,228210,022244,830
Other Liabilities3,5353,9354,4194,7133,9614,7653,3518,0084,3886,2996,7007,207
Total Liabilities91,156116,981136,360146,073161,029159,411156,449164,676169,018196,835230,783267,827
Fixed Assets6011,4291,4461,4321,6951,5641,4871,7411,6041,6222,0362,149
CWIP0000022303472522058
Investments26,05031,45837,29032,81936,30238,67743,74259,83757,89168,28168,76269,042
Other Assets64,50684,09397,625111,822123,033119,148111,189103,064109,451126,880159,780196,628
Total Assets91,156116,981136,360146,073161,029159,411156,449164,676169,018196,835230,783267,827

Bank of Maharashtra Reserves and Borrowings Chart

Bank of Maharashtra Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 12-173-1,0832,9047,498-1,723-10,8426932,4476,896-1,44011,581
Cash from Investing Activity -126-171-151-151-99-134-106-100-169-300-175-260
Cash from Financing Activity 5422741,885-186-771,1004,220698217378228461
Net Cash Flow429-706512,5677,322-758-6,7291,2922,4956,974-1,38711,783

Bank of Maharashtra Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %15%6%6%1%-17%-13%-60%5%5%9%17%23%

Bank of Maharashtra Financial Efficiency Indicators Chart

Bank of Maharashtra Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters93.33%90.97%90.97%90.97%90.97%90.97%90.97%90.97%86.46%86.46%86.46%86.46%
FIIs0.08%0.15%0.12%0.13%0.16%0.20%0.16%0.26%0.68%0.59%0.45%1.04%
DIIs2.18%3.67%3.70%3.74%3.74%3.78%3.39%3.33%6.43%5.17%4.71%4.68%
Public4.41%5.21%5.21%5.17%5.13%5.05%5.49%5.44%6.42%7.76%8.37%7.80%
No. of Shareholders3,21,2523,52,5683,67,6053,74,4583,79,3993,71,5924,33,5064,41,5174,53,5246,06,0466,77,0878,46,746

Bank of Maharashtra Shareholding Pattern Chart

No. of Bank of Maharashtra Shareholders

Bank of Maharashtra Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India ETF Nifty PSU Bank BeES8,631,7732.4441.13442,1742024-07-181852.12%
Kotak Nifty PSU Bank ETF6,323,4442.4530.13442,1742024-07-181330.08%
JM Midcap Fund3,990,0003.8119.01442,1742024-07-18802.36%
ITI Small Cap Fund3,940,8441.1418.78442,1742024-07-18791.24%
Aditya Birla Sun Life Banking And Financial Services Fund3,336,6110.5515.9442,1742024-07-18654.59%
Aditya Birla Sun Life PSU Equity Fund3,336,6111.1215.9442,1742024-07-18654.59%
Motilal Oswal Nifty Midcap 150 Index Fund454,3900.212.17442,1742024-07-182.76%
Nippon India Nifty Midcap 150 Index Fund442,1740.212.11442,1742024-07-180%
Nippon India ETF Nifty Midcap 150440,4090.212.1442,1742024-07-18-0.4%
JM Equity Hybrid Fund350,0002.241.67442,1742024-07-18-20.85%

Bank of Maharashtra ROCE Trend

Bank of Maharashtra EPS Trend

Bank of Maharashtra Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.803.871.730.910.69
Diluted EPS (Rs.)5.803.871.730.910.69
Cash EPS (Rs.)6.044.262.111.131.03
Book Value[Excl.RevalReserv]/Share (Rs.)26.0221.2718.5516.9716.56
Book Value[Incl.RevalReserv]/Share (Rs.)28.0623.4620.8918.7618.73
Operating Revenue / Share (Rs.)28.9423.6219.3418.0919.74
Net Profit / Share (Rs.)5.733.871.710.840.66
Net Profit After MI / Share (Rs.)5.753.871.710.870.68
Net Profit Margin (%)19.7816.378.844.643.38
Net Profit After MI And SOA Nargin (%)19.8616.388.854.813.46
Operating Profit Margin (%)5.152.02-11.53-17.48-10.96
Return On Assets (%)1.320.970.490.290.23
Return On Equity / Networth (%)22.0918.199.235.134.13
Net Interest Margin (X)3.192.892.612.482.53
Cost To Income (%)37.5540.8148.1548.1042.14
Interest Income / Total Assets (%)6.665.935.646.026.80
Non-Interest Income / Total Assets (%)0.970.851.141.330.97
Operating Profit / Total Assets (%)0.340.12-0.65-1.05-0.74
Operating Expenses / Total Assets (%)1.561.461.661.811.82
Interest Expenses / Total Assets (%)3.473.043.023.544.26
Enterprise Value (Rs.Cr.)301393.81243000.21201540.00178990.69148555.64
EV Per Net Sales (X)14.7115.2815.4815.0812.92
Price To Book Value (X)2.391.160.901.230.53
Price To Sales (X)2.151.050.861.150.45
Retention Ratios (%)75.6566.4170.82100.00100.00
Earnings Yield (X)0.090.150.100.040.07

Bank of Maharashtra Profitability Ratios (%)

Bank of Maharashtra Liquidity Ratios

Bank of Maharashtra Liquidity Ratios (%)

Bank of Maharashtra Interest Coverage Ratios (%)

Bank of Maharashtra Valuation Ratios

Fair Value

Fair Value: 68.05

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 3.73% compared to the current price 65.6

Intrinsic Value: 102.49

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 56.24% compared to the current price 65.6

Last 5 Year EPS CAGR: 50.61%

*Investments are subject to market risks

Strength and Weakness of Bank of Maharashtra Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Bank of Maharashtra?

The latest fair value of Bank of Maharashtra is ₹68.05.

What is the Market Cap of Bank of Maharashtra?

The Market Cap of Bank of Maharashtra is 46,489 Cr..

What is the current Stock Price of Bank of Maharashtra as on 21 July 2024?

The current stock price of Bank of Maharashtra as on 21 July 2024 is 65.6.

What is the High / Low of Bank of Maharashtra stocks in FY 2024?

In FY 2024, the High / Low of Bank of Maharashtra stocks is 73.5/32.7.

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

The Stock P/E of Bank of Maharashtra is 10.4.

What is the Book Value of Bank of Maharashtra?

The Book Value of Bank of Maharashtra is 28.1.

What is the Dividend Yield of Bank of Maharashtra?

The Dividend Yield of Bank of Maharashtra is 2.13 %.

What is the ROCE of Bank of Maharashtra?

The ROCE of Bank of Maharashtra is 5.38 %.

What is the ROE of Bank of Maharashtra?

The ROE of Bank of Maharashtra is 22.8 %.

What is the Face Value of Bank of Maharashtra?

The Face Value of Bank of Maharashtra is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bank of Maharashtra. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE