Bank of Maharashtra

MAHABANK · NSE

— · —

₹79.16

Closing price — 29 Sept 2026

Market cap ₹46,104 Cr · EPS ₹0.69

Valuation

Blended fair value using DCF and peer comparison methods.

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DCF not applicable for financial companies. Intrinsic value based on peer P/B comparison.

The intrinsic value shown is an algorithmic estimate based on publicly available financial data — including DCF analysis, peer comparison, and historical financials. It is not a research report, investment advice, or a recommendation to buy, sell, or hold any security. Stock valuations involve uncertainty and may differ significantly from market prices. Please consult a SEBI-registered investment adviser before making any investment decision.

Peer comparison

How this company stacks up against sector peers on valuation and quality metrics.

Public sector bank · 8 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
Bank of Maharashtra MAHABANK · you	₹46,337 Cr	8.3×	1.7×	—	21.1%	—	—
Sector median	—	8.5×	1.2×	—	14.3%	—	—
Bank of India BANKINDIA	₹1.3 L Cr	11.9×	1.7×	—	14.0%	—	—
Bank of Baroda BANKBARODA	₹1.1 L Cr	6.8×	0.8×	—	12.0%	—	—
IDBI Bank IDBI	₹96,187 Cr	9.7×	1.3×	—	13.4%	—	—
Punjab National Bank PNB	₹77,752 Cr	7.3×	0.9×	—	12.3%	—	—
Canara Bank CANBK	₹66,116 Cr	3.7×	0.6×	—	15.2%	—	—
Union Bank of India UNIONBANK	₹63,664 Cr	7.3×	1.1×	—	14.6%	—	—
Indian Overseas Bank IOB	₹53,930 Cr	11.6×	1.7×	—	14.7%	—	—
Indian Bank INDIANB	₹53,721 Cr	10.3×	1.5×	—	14.6%	—	—

Peer comparison verdict

Bank is fairly valued relative to sector peers — trading near the sector median on key multiples (P/E ~8.5×, EV/EBITDA ~undefined×). Focus on execution quality and earnings trajectory from here.

Business quality

Valuation

P/E ratio

8.2×

P/B ratio

—

EV/EBITDA

—

Price/Sales

—

Returns

ROE

21.1%

ROCE

—

ROA

—

Growth

Revenue CAGR (3yr)

—

EPS CAGR (3yr)

—

Efficiency

Asset turnover

—

FCF yield

-25.5%

Dividend yield

2.9%

Liquidity & Solvency

Debt / Equity

1.06×

Debt / EBITDA

—

Interest coverage

—

Current ratio

—

Quick ratio

—

Financial health

Piotroski F-Score, Altman Z-Score, and key solvency ratios.

Financial health data is not yet available for this company.

Full financial data

Charts and annual statements for income, balance sheet and cash flow.

Income trend

Revenue, profit and margin trends over time.

Income statement data is unavailable for this company.

Cash flow

Where cash comes from and where it goes.

Cash flow data is not yet available for this company.

Balance sheet

Assets show what the company owns. Liabilities show what it owes. Equity is what's left for shareholders.

Balance sheet data is not yet available for this company.

Numbers are illustrative — order-of-magnitude correct. For precise figures, refer to the company's annual report on BSE/NSE.

Shareholding pattern

Who owns this company and how that has changed.

What shareholding tells you: When promoters (founders/controlling shareholders) increase their stake, it usually signals confidence in the business. Rising FII (foreign funds) interest means international money is moving in. High promoter pledge is a risk — pledged shares can be force-sold if the stock price falls sharply.

Latest quarter

Promoter

73.6%

FII

5.8%

+0.3 pp QoQ

DII

14.3%

+0.3 pp QoQ

Retail

6.3%

Trend over time (%)

Quarterly data

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Change (YoY)
Promoter	86.5%	86.5%	86.5%	86.5%	86.5%	79.6%	79.6%	79.6%	79.6%	73.6%	73.6%	73.6%	-6.0 ppYoY
FII (Foreign)	0.6%	0.5%	1.0%	1.2%	1.3%	1.5%	1.7%	1.9%	2.4%	4.9%	5.5%	5.8%	+3.9 ppYoY
DII (Domestic)	5.2%	4.7%	4.7%	4.6%	4.5%	10.9%	10.7%	10.4%	10.1%	13.5%	13.9%	14.3%	+3.9 ppYoY
Retail	7.8%	8.4%	7.8%	7.8%	7.8%	8.0%	8.0%	8.1%	8.0%	8.0%	6.9%	6.3%	-1.8 ppYoY

Signals from the trend

📉

PromoterDown 12.9pp — worth monitoring for further declines

📈

FIINet buyers (+5.2pp) — foreign institutional interest is growing

📈

DIINet buyers (+9.1pp) — domestic funds are accumulating

Mixed signals — FII buying and DII buying on the positive side, but promoter selling adds uncertainty.

pp = percentage points. FII = Foreign Institutional Investors. DII = Domestic Institutional Investors (MFs, insurance). Data sourced from NSE/BSE filings. Verify on BSE/NSE before any investment decision.