- Next results date: the board meets on 26 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹57,933 Cr186th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Jul 2026
- 7.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 20 Apr 2026
- 1.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.92%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Jul 2026
- 24.3%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. For the whole group.
- 3.83%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 1.45%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 0.13%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 15.56%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. For the whole group.
- 1.76%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,85,10,65250.5% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter. Total income is interest earned plus other income, fees and treasury gains among it.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 10 Jul
- Total incomeTotal income. The pill is the change in total income against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹9,064 Crup 4.26%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,023 Crdown 1.05%
Total income by year
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 3 of the 10 years shown
The years either side of a change of basis do not compare. From the year to Mar 2022, the company's total income for that year, ₹15,672 Cr, differs from its quarters added, ₹15,337 Cr.
| ₹ crore | Sep 2024Filed 16 Oct | Dec 2024Filed 15 Jan | Mar 2025Filed 24 Jun | Jun 2025Filed 15 Jul | Sep 2025Filed 14 Oct | Dec 2025Filed 13 Jan | Mar 2026Filed 20 Apr | Jun 2026Filed 10 Jul |
|---|---|---|---|---|---|---|---|---|
| Total income | 6,809 | 7,113 | 7,712 | 7,879 | 7,974 | 8,277 | 8,693 | 9,064 |
| Net profit | 1,333 | 1,412 | 1,502 | 1,504 | 1,669 | 1,799 | 2,045 | 2,023 |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Retail Banking OperationsRetail Banking Operations, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹14,553 Crup 16.68%44.3%
- Corporate / Wholesale Banking OperationsCorporate / Wholesale Banking Operations, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹11,086 Crup 13.08%33.8%
- Treasury OperationsTreasury Operations, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,979 Crup 18.74%21.3%
- Other Banking OperationsOther Banking Operations, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹202 Cr0.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: not used for a lender or an insurer. Its history crosses a change of basis in the accounts in the year to Mar 2022: days before it are of the company before the change.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 21% of 1,240 trading days over the last 5 years.
LowestHighest
Its median8.8Industry median7.4
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 66% of 1,020 trading days over the last 5 years.
LowestHighest
Its median1.5Industry median0.9
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 90% of 2,480 trading days over the last 10 years.
LowestHighest
Its median0.00%Industry median2.64%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +35.9% | +26.6% | +4.5% | 3.6% |
| 3 years | +38.3% | +33.1% | +1.7% | 3.0% |
| 5 years | +27.6% | +60.0% | −22.4% | 3.5% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
184 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 109 of the 129 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 77
- CutCut. Funds that held fewer shares than at the end of the month before.
- 52
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 45
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 4
| Fund | |||
|---|---|---|---|
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 18,13,00,149 | 2.16% | ₹1,439.0 Cr |
 Aditya Birla Sun Life PSU Equity FundAditya Birla Sun Life Mutual Fund | 3,26,08,248 | 4.48% | ₹258.8 Cr |
| Kotak Large & Mid Cap FundKotak Mahindra Mutual Fund | 3,00,00,000 | 0.78% | ₹238.1 Cr |
 Nippon India ETF Nifty PSU Bank BeESNippon India Mutual Fund | 2,33,40,110 | 4.71% | ₹185.3 Cr |
| Kotak Nifty PSU Bank ETFKotak Mahindra Mutual Fund | 1,47,89,227 | 4.71% | ₹117.4 Cr |
 Canara Robeco Mid Cap FundCanara Robeco Mutual Fund | 1,40,69,404 | 2.24% | ₹111.7 Cr |
| Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual Fund | 1,36,78,933 | 1.45% | ₹108.6 Cr |
 Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund | 1,31,80,000 | 2.07% | ₹104.6 Cr |
| Kotak Aggressive Hybrid FundKotak Mahindra Mutual Fund | 1,30,00,340 | 1.14% | ₹103.2 Cr |
| Aditya Birla Sun Life Banking and Financial Services FundAditya Birla Sun Life Mutual Fund | 1,21,96,451 | 2.84% | ₹96.8 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Public Sector Bank, 12 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Bank of Maharashtra in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Bank of BarodaBANKBARODA | 1,19,407 | – | 0.7 | +2.7% | – | – | 0.98% | 2.83% | 3.68% |
 Indian BankINDIANB | 1,12,761 | 8.5 | 1.3 | +12.4% | +17.2% | 16.1% | 1.25% | 3.07% | 2.18% |
 Canara BankCANBK | 1,05,365 | 5.2 | 0.8 | −6.8% | +17.7% | 16.8% | 0.99% | 2.21% | 3.62% |
 Bank of IndiaBANKINDIA | 59,640 | 5.1 | 0.7 | +6.0% | +24.1% | 13.8% | 0.92% | 2.47% | 3.55% |
 Indian Overseas BankIOB | 55,228 | 9.3 | 1.5 | +13.1% | +51.8% | 17.2% | 1.25% | 3.17% | 0.00% |
 UCO BankUCOBANK | 27,123 | 9.1 | 0.8 | +4.4% | +18.4% | 8.9% | 0.73% | 2.89% | 2.03% |
 Central Bank of IndiaCENTRALBK | 26,095 | 5.4 | 0.6 | +8.3% | +5.2% | 12.0% | 0.88% | 2.99% | 3.47% |
 Punjab & Sind BankPSB | 12,921 | 8.6 | 0.9 | +3.2% | +29.6% | 10.7% | 0.78% | 2.46% | 2.14% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹2.20 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 5 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.20 |
| 20 Jan 2026 | Interim | ₹1.00 |
| 9 May 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.50 |
| 10 May 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.40 |
| 23 May 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.30 |
| 20 Jun 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
21 Oct · Analysts
8 Oct · Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
1 Oct · Management
Sep 2026
Bank of Maharashtra share price by year
Each calendar year to 2025.Bank of Maharashtra share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 62.05 | +18.9% | 62.05 | 43.62 |
| 2024 | 52.19 | +15.6% | 72.50 | 45.25 |
| 2023 | 45.15 | +47.5% | 49.50 | 23.10 |
| 2022 | 30.60 | +59.4% | 34.35 | 15.15 |
| 2021 | 19.20 | +47.1% | 29.05 | 13.35 |
| 2020 | 13.05 | +1.2% | 15.55 | 8.40 |
| 2019 | 12.90 | −13.4% | 19.20 | 9.35 |
| 2018 | 14.90 | −34.8% | 23.65 | 10.75 |
| 2017 | 22.85 | −20.2% | 38.00 | 21.00 |
| 2016 | 28.65 | −9.6% | 34.90 | 27.50 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 78.60 | 78.97 | 74.85 | 75.32 | 75.59 | 1,85,10,652 | 50.5% |
| 22 Oct 2026 | 79.04 | 79.15 | 76.81 | 78.48 | 77.92 | 1,15,14,453 | 42.0% |
| 21 Oct 2026 | 80.98 | 81.65 | 78.29 | 79.04 | 79.46 | 1,12,98,125 | 46.5% |
| 19 Oct 2026 | 79.86 | 81.63 | 79.86 | 80.96 | 80.72 | 1,45,65,080 | 41.1% |
| 16 Oct 2026 | 80.27 | 81.06 | 79.50 | 79.79 | 80.08 | 1,14,92,388 | 46.1% |
| 15 Oct 2026 | 82.80 | 83.00 | 78.66 | 80.16 | 80.22 | 2,09,43,106 | 36.3% |
| 14 Oct 2026 | 83.10 | 83.64 | 81.45 | 83.10 | 82.35 | 1,55,09,968 | 37.5% |
| 13 Oct 2026 | 83.41 | 84.09 | 82.56 | 83.74 | 83.11 | 1,17,03,142 | 46.1% |
| 12 Oct 2026 | 83.17 | 83.87 | 82.24 | 83.00 | 82.90 | 1,09,16,983 | 47.5% |
| 9 Oct 2026 | 82.70 | 84.13 | 81.88 | 83.16 | 83.02 | 1,08,07,572 | 36.1% |
Prices in ₹ per share as traded, not adjusted.
About Bank of Maharashtra
Bank of Maharashtra is a bank with its head office in Pune. It lends to retail, agriculture and small business customers, and its specialised branches include agri tech, housing finance and mid-corporate branches. Its Gift City unit serves the global business of Indian companies.
The bank serves customers across 28 states and 8 union territories. As of March 2026 it had 3,061 banking outlets: 2,782 branches, 3 digital banking units and 276 customer service points run by Bank Mitras, who are agents that offer basic banking services in places without a branch. During the year to March 2026 it opened 183 new branches, including one at Kavaratti in the Lakshadweep Islands. Its first overseas branch is at the International Financial Service Centre in GIFT City, Gandhinagar, Gujarat.
The bank has one wholly owned subsidiary, The Maharashtra Executor & Trustee Company, set up in 1946. It offers will management and trust administration, among other services. Maharashtra Gramin Bank, a regional rural bank sponsored by Bank of Maharashtra, is an associate. It was formed when Maharashtra Gramin Bank and Vidarbha Konkan Gramin Bank were amalgamated from 1 May 2025.
The Government of India is the promoter of the bank. A promoter is the person or group that set up a company or controls it. On 1 December 2025 the Government of India sold part of its holding through an offer for sale, with no proceeds to the bank.
- NSE symbol
- MAHABANK
- BSE code
- 532525
- ISIN
- INE457A01014
- Industry
- Banks
- Listed
- Apr 2004
- Face value
- ₹10
In Nifty 200, Nifty 500, BSE 500, Nifty Midcap 150, BSE 150 MidCap Index, Nifty Midcap 100