Bank of Maharashtra (MAHABANK) AI Stock Analysis

• Market Cap: ₹436.50B
• Dividend Yield: 2.65%
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): 7.2
• Beta (1Y): 1.14
• Revenue Growth: 18.36%
• EPS Growth: 14.53%
• Country: IN
• Employees: 13,499
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.17
• Shares Outstanding: 7,691,555,000
• 10 Day Avg. Volume: 1,770,626
• 30 Day Avg. Volume: 1,100,294
• PEG Ratio: 0.21
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 3.02
• P/FCF Ratio: -1.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ₹66.00 ▲(16.79% Upside)

Bank of Maharashtra has a strong overall stock score driven by attractive valuation and positive technical indicators. The low P/E ratio and decent dividend yield make it appealing for value investors. While financial performance is solid, challenges in revenue growth and cash flow management need attention. The absence of earnings call data and corporate events does not impact the score significantly.

Positive Factors

Revenue Growth

The strong revenue growth rate indicates an expanding market presence and effective business strategies, supporting long-term sustainability.

Profitability Metrics

Solid profitability metrics and a stable balance sheet suggest effective management and operational efficiency, enhancing long-term viability.

Operational Efficiency

Improved EBIT and EBITDA margins reflect enhanced operational efficiency, which can lead to better profitability and competitive positioning.

Negative Factors

Negative Operating Cash Flow

Negative operating cash flow raises concerns about liquidity and the bank's ability to fund operations and growth without external financing.

Increasing Debt

Rising debt levels could strain financial resources and limit future investment capabilities, posing risks to long-term financial health.

Fluctuating Net Profit Margin

Fluctuating net profit margins indicate instability in profitability, which could affect investor confidence and long-term growth prospects.

Bank of Maharashtra Business Overview & Revenue Model

Company Description

Bank of Maharashtra (MAHABANK) is a leading public sector bank in India, established in 1935. It operates primarily in the banking and financial services sector, offering a wide range of products and services including retail banking, corporate banking, treasury operations, and financial inclusion initiatives. The bank serves a diverse clientele, including individuals, small and medium enterprises (SMEs), and large corporations, with services such as savings accounts, loans, fixed deposits, and various digital banking solutions.

How the Company Makes Money

Bank of Maharashtra generates revenue primarily through interest income and fees. The majority of its earnings come from the interest it charges on loans issued to individuals and businesses. The bank provides various loan products, including home loans, personal loans, and business loans, which typically have interest rates higher than the rates paid on deposits. Additionally, MAHABANK earns income from non-interest sources such as fees for services (like account maintenance and transaction fees), commissions on third-party products, and wealth management services. The bank also engages in treasury operations, which involve investing in government securities and trading in foreign exchange, contributing further to its revenue stream. Strategic partnerships with other financial institutions and fintech companies enhance its service offerings and customer base, providing additional avenues for increasing earnings.

Bank of Maharashtra Financial Statement Overview

Summary

The financial performance of Bank of Maharashtra is solid with strong profitability metrics and a stable balance sheet. However, challenges in revenue growth and cash flow management are areas of concern. The income statement shows strong revenue retention but fluctuating net profit margins. The balance sheet is stable with manageable leverage, but increasing debt poses a risk. Cash flow issues, particularly negative operating cash flow, highlight liquidity concerns.

Income Statement

The income statement shows a mixed performance. The gross profit margin is consistently high, indicating strong revenue retention. However, the revenue growth rate has declined recently, and the net profit margin has fluctuated, reflecting some instability in profitability. The EBIT and EBITDA margins have improved over time, suggesting better operational efficiency.

Balance Sheet

The balance sheet is relatively strong, with a moderate debt-to-equity ratio indicating manageable leverage. The return on equity is healthy, showing effective use of equity to generate profits. The equity ratio is stable, suggesting a solid capital structure, but the increase in total debt over the years could pose a potential risk if not managed carefully.

Cash Flow

Cash flow analysis reveals some concerns. The operating cash flow has been negative recently, which is a red flag for liquidity. Free cash flow growth has been inconsistent, and the operating cash flow to net income ratio is negative, indicating potential cash flow management issues. However, the free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	246.78B	270.40B	226.60B	183.92B	151.64B	146.40B
Gross Profit	139.21B	137.59B	119.88B	102.36B	81.90B	76.70B
EBITDA	63.39B	58.32B	42.95B	28.67B	14.22B	7.60B
Net Income	60.87B	55.42B	40.72B	26.05B	11.53B	5.71B
Balance Sheet
Total Assets	3.74T	3.69T	3.07T	2.68T	2.31T	1.97T
Cash, Cash Equivalents and Short-Term Investments	0.00	428.04B	303.12B	185.29B	202.05B	142.15B
Total Debt	249.24B	238.53B	77.19B	117.81B	83.14B	45.46B
Total Liabilities	3.42T	3.41T	2.87T	2.52T	2.17T	1.85T
Stockholders Equity	313.93B	287.08B	198.71B	157.90B	140.62B	123.08B
Cash Flow
Free Cash Flow	0.00	-292.85B	113.02B	-17.64B	69.24B	22.54B
Operating Cash Flow	0.00	-287.66B	115.81B	-14.40B	72.33B	24.47B
Investing Cash Flow	0.00	-4.95B	-2.60B	-1.75B	-3.00B	-1.69B
Financing Cash Flow	0.00	411.44B	4.61B	2.28B	286.64B	2.17B

Bank of Maharashtra Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 56.51
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHABANK, the sentiment is Negative. The current price of 56.51 is below the 20-day moving average (MA) of 57.76, below the 50-day MA of 58.18, and above the 200-day MA of 53.67, indicating a neutral trend. The MACD of -0.44 indicates Positive momentum. The RSI at 44.94 is Neutral, neither overbought nor oversold. The STOCH value of 61.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAHABANK.

Bank of Maharashtra Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CENTRALBK	78 Outperform	₹325.22B	6.97	―	1.60%	6.84%	31.01%
UCOBANK	75 Outperform	₹357.25B	13.81	―	1.36%	17.33%	45.79%
BANKINDIA	74 Outperform	₹646.25B	6.70	―	2.83%	14.34%	20.97%
MAHABANK	71 Outperform	₹436.50B	7.17	―	2.65%	18.36%	14.53%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PSB	65 Neutral	₹190.59B	16.08	―	0.26%	18.54%	67.80%

Bank of Maharashtra Corporate Events

Bank of Maharashtra Releases Q3 2025 Earnings Call Recording

Bank of Maharashtra has released the recording of its earnings conference call for the quarter ending September 30, 2025. The call, held on October 14, 2025, discussed the bank’s financial performance with analysts and investors, and the recording is now available on the bank’s website. This move is part of the bank’s commitment to transparency and engagement with stakeholders, potentially impacting investor confidence and market perception.

Bank of Maharashtra Reports Strong Financial Growth in Q2 2025

Bank of Maharashtra reported a strong financial performance for the quarter and half-year ending September 30, 2025, with total business growing by 14.20% to ₹5,63,909 crore. The bank saw significant improvements in key financial metrics, including a 23.09% increase in net profit to ₹1,633 crore, a decline in gross NPA to 1.72%, and an improved credit-deposit ratio of 82.03%. These results reflect the bank’s effective management and strategic focus on enhancing profitability and operational efficiency, which are likely to positively impact its stakeholders and market standing.

Bank of Maharashtra Releases Investor Presentation for September 2025

Bank of Maharashtra has released its Investor Presentation for the financial results of the quarter and half-year ending on September 30, 2025. This presentation, available on the bank’s website, is part of their compliance with SEBI regulations, reflecting the bank’s commitment to transparency and communication with stakeholders.

Bank of Maharashtra Confirms Regulatory Compliance for Q3 2025

Bank of Maharashtra has announced compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending September 30, 2025. The bank confirmed that all securities received for dematerialization were processed and listed on the stock exchanges, ensuring adherence to regulatory requirements. This compliance underscores the bank’s commitment to maintaining transparency and regulatory standards, which is crucial for its stakeholders and market positioning.