Bank of Maharashtra share price
NSE: MAHABANKBSE: 532525BanksMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹76.12.
27 Oct: open ₹77.00, high ₹80.50, low ₹76.57
- 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. Market capitalisation: how it is worked out
- ₹61,532 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. Price to earnings, trailing: how it is worked out
- 7.69
- 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. Price to book: how it is worked out
- 1.65
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.75%
- 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.
- 23.3%
- 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. Net interest margin in the glossary
- 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 Sep 2026. For the company alone, not its group: the regulator measures it company by company.
- 1.25%
- 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 Sep 2026. For the company alone, not its group: the regulator measures it company by company.
- 0.12%
- 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 Sep 2026. For the company alone, not its group: the regulator measures it company by company. Common equity tier 1 ratio in the glossary
- 15.61%
- 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. Return on assets in the glossary
- 1.76%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,23,66,79534.1% delivered
About Bank of Maharashtra
Bank of Maharashtra is a public sector bank based in Pune, under the administrative control of the Government of India's Department of Financial Services.12 It takes deposits and lends, with a focus on retail, agriculture and MSME (micro, small and medium enterprise) loans, and offers foreign-currency banking through a unit in GIFT City, Gujarat, an international financial services centre.345
Its retail loans include housing, education, vehicle, gold and personal loans; housing loans made up about 58% of retail loans at the end of Mar 2026.6 It also sells life, general and health insurance as an agent for 8 insurance companies, and has been a depository participant (an agent that holds shares in electronic form for investors) of CDSL since September 1999.78
It was incorporated in 1935 and has 31 million customers.9 It is regulated by the Reserve Bank of India and governed by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.1 The Government of India, its promoter, held 73.60% of its shares at 31 Dec 2025.1011 It owns all of The Maharashtra Executor & Trustee Co. Pvt. Ltd. (METCO), which acts as executor of wills and trustee, and holds 35% of Maharashtra Gramin Bank, a regional rural bank (a state-backed bank serving rural areas) it sponsors.121314
Bank of Maharashtra key points
Results
- In the quarter to Jun 2026, net interest income (interest earned less interest paid) rose 14.53% on a year earlier, operating profit (profit before provisions and tax) was ₹3,117 crore and net profit ₹2,020 crore, up 27%.1516
- In the year to Mar 2026, consolidated revenue was ₹32,819.94 crore, operating profit ₹10,823.86 crore and net profit ₹7,016.86 crore, against ₹5,541.78 crore a year earlier.17
- Annualised return on equity (profit as a share of shareholders' funds) was 24.65% and return on assets 1.9% in the quarter to Jun 2026.1819
- At the end of Jun 2026, its capital adequacy ratio (capital as a share of risk-weighted assets) was 18.64%, and 16.35% counting core capital only.20
Business segments
- Consolidated revenue by segment, ₹ crore2122Treasury holds the bank's investments; corporate and wholesale banking covers loans to companies, trusts and firms that fall outside retail banking.
Item year to Mar 2026 year to Mar 2025 Retail banking 14,552.99 12,472.18 Corporate and wholesale banking 11,085.68 9,803.30 Treasury 6,979.46 5,877.89 Other banking operations 201.81 270.14
Where revenue comes from
Loan book and deposits
- Loans by sector, ₹ billion252627Year on year at Jun 2026, total loans grew 27%: retail 25%, agriculture 30%, MSME 23% and corporate 30%.
Item Jun 2026 Corporate and others 1,105.21 Retail 896.61 MSME 553.86 Agriculture 422.90 Overseas 81.06 Total 3,059.64 - Deposits were ₹3,444.93 billion at the end of Jun 2026, and current and savings accounts (CASA, deposits on which the bank pays little or no interest) were 48.51% of them.2829
- Gold loans across agriculture, MSME and other retail lending grew by ₹13,000 crore, or 75%, year on year at Jun 2026, the company said.30
Branches and reach
- At the end of Jun 2026 it had 2,816 branches and 2,731 ATMs across 28 states and 8 union territories.31
- 59% of its branches are outside Maharashtra; of the 826 branches it opened since April 2022, 92% are outside the state.32
- Over 9,000 business correspondents and bank mitras (agents who offer basic banking where there is no branch) work through 276 customer service points.33
- The company stated in its annual report for the year to Mar 2026 that it plans to add 1,000 branches over 5 years.34
Asset quality
- At the end of Jun 2026, gross non-performing assets (NPAs, loans that have stopped being repaid) were 1.45% of loans, net NPAs (after provisions) 0.13%, and provisions covered 98.55% of bad loans.35
- Gross NPAs as a share of each sector's loans36
Item Jun 2026 Agriculture 7.58% MSME 1.60% Retail 0.34% - The share of the loan book the bank counts as stressed, its stress percentage, was 3.18% at the end of Jun 2026, 140 basis points (hundredths of a percentage point) lower than a year earlier, the company said.37
- In the quarter to Jun 2026, recoveries and upgrades (bad loans brought back to standard) came to ₹709 crore, of which about ₹490 crore was cash and ₹208 crore upgrades; it also recovered ₹305 crore from loans already written off.37
What the company expects
- On its earnings call of 10 Jul 2026, the company said its guidance for the year to Mar 2027 is 16% to 17% growth in total business, 18% in advances and 14% in deposits; deposits grew 13% in the year to Jun 2026.3839
- On its earnings call of 10 Jul 2026, the company said its guidance is to keep gross NPAs below 2%, net NPAs below 0.25% and credit cost (provisions for bad loans as a share of loans) below 1%.4041
- On its earnings call of 10 Jul 2026, the company said its guidance is 15% growth in net interest income, a net interest margin (lending income less funding cost, as a share of earning assets) of 3.75%, and cost to income below 40%.424344
- On its earnings call of 10 Jul 2026, the company said it plans to raise ₹5,000 crore of equity in the year to Mar 2027; the board, shareholders and the Reserve Bank of India have approved, and government approval is awaited.45
Recent events
- On 1 Dec 2025, the Government of India sold 46,15,68,297 shares, 6% of the bank's paid-up capital, through an offer for sale (a sale of existing shares to investors through the stock exchange); the bank received no proceeds.46
- The bank's unit in GIFT City, Gujarat, began operations on 12 Sep 2025, after a licence from the GIFT City regulator on 8 May 2025.47
- From 1 May 2025, Vidarbha Konkan Gramin Bank was merged into Maharashtra Gramin Bank; the bank wrote down its investment in Maharashtra Gramin Bank by ₹280.59 crore.4849
Last updated
All 49 sources, each with its page
- 1. Annual report, 6 Jun 2026, page 77
- 2. Annual report, 6 Jun 2026, page 1
- 3. Investor presentation, 7 Sep 2026, page 6
- 4. Investor presentation, 7 Sep 2026, page 22
- 5. Annual report, 6 Jun 2026, page 68
- 6. Annual report, 6 Jun 2026, page 40
- 7. Annual report, 6 Jun 2026, page 46
- 8. Annual report, 6 Jun 2026, page 45
- 9. Investor presentation, 7 Sep 2026, page 6
- 10. Exchange filing, 22 Jan 2026, page 2
- 11. Annual report, 6 Jun 2026, page 35
- 12. Annual report, 6 Jun 2026, page 203
- 13. Annual report, 6 Jun 2026, page 49
- 14. Annual report, 6 Jun 2026, page 47
- 15. Earnings call, 10 Jul 2026, page 4
- 16. Investor presentation, 7 Sep 2026, page 17
- 17. Annual report, 6 Jun 2026, page 214
- 18. Earnings call, 10 Jul 2026, page 4
- 19. Investor presentation, 7 Sep 2026, page 5
- 20. Investor presentation, 7 Sep 2026, page 5
- 21. Annual report, 6 Jun 2026, page 214
- 22. Annual report, 6 Jun 2026, page 215
- 23. Annual report, 6 Jun 2026, page 215
- 24. Annual report, 6 Jun 2026, page 68
- 25. Investor presentation, 7 Sep 2026, page 31
- 26. Earnings call, 10 Jul 2026, page 3
- 27. Earnings call, 10 Jul 2026, page 20
- 28. Investor presentation, 7 Sep 2026, page 5
- 29. Investor presentation, 7 Sep 2026, page 6
- 30. Earnings call, 10 Jul 2026, page 20
- 31. Investor presentation, 7 Sep 2026, page 5
- 32. Investor presentation, 7 Sep 2026, page 6
- 33. Annual report, 6 Jun 2026, page 10
- 34. Annual report, 6 Jun 2026, page 12
- 35. Investor presentation, 7 Sep 2026, page 5
- 36. Earnings call, 10 Jul 2026, page 13
- 37. Earnings call, 10 Jul 2026, page 4
- 38. Earnings call, 10 Jul 2026, page 3
- 39. Earnings call, 10 Jul 2026, page 6
- 40. Earnings call, 10 Jul 2026, page 3
- 41. Earnings call, 10 Jul 2026, page 4
- 42. Earnings call, 10 Jul 2026, page 5
- 43. Earnings call, 10 Jul 2026, page 11
- 44. Earnings call, 10 Jul 2026, page 10
- 45. Earnings call, 10 Jul 2026, page 9
- 46. Annual report, 6 Jun 2026, page 35
- 47. Annual report, 6 Jun 2026, page 68
- 48. Annual report, 6 Jun 2026, page 47
- 49. Annual report, 6 Jun 2026, page 178
Results
Consolidated; ₹ crore. Total income is interest earned plus other income, fees and treasury gains among it.Bank of Maharashtra quarterly results
- Total income growth, 12 monthsTotal income growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +16.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +31.5%
Quarter to Sep 2026, against the quarter before
- 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. Total income in the glossary
- ₹9,736 Crup 7.42%
- 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. Net profit in the glossary
- ₹2,136 Crup 5.59%
Total income by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Total income | 7,113 | 7,712 | 7,879 | 7,974 | 8,277 | 8,693 | 9,064 | 9,736 |
| Net profit | 1,412 | 1,502 | 1,504 | 1,669 | 1,799 | 2,045 | 2,023 | 2,136 |
Year to Mar 2026, against the year before
- Total incomeTotal income. The pill is the change in total income against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹32,824 Crup 15.57%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹7,017 Crup 26.62%
Total income by year
Net profit by year, a loss in red
- Net profit
- Loss
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 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total income | 13,587 | 12,636 | 12,418 | 13,146 | 14,495 | 15,672 | 18,180 | 23,493 | 28,403 | 32,824 |
| Net profit | −1,356 | −1,112 | −4,763 | 399 | 571 | 1,153 | 2,603 | 4,072 | 5,542 | 7,017 |
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%
Valuation
Today, against the company's own history. 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.Bank of Maharashtra PE ratio and valuation
At or below today's level on 21% of 1,239 trading days over the last 5 years.
At or below today's level on 63% of 1,019 trading days over the last 5 years.
At or below today's level on 83% of 2,478 trading days over the last 10 years.
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% |
Mutual fund holdings
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.All 184 funds holding Bank of Maharashtra
- 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. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 18,13,00,149 | 2.16% | ₹1,439.0 Cr | |
| 3,26,08,248 | 4.48% | ₹258.8 Cr | |
| 3,00,00,000 | 0.78% | ₹238.1 Cr | |
| 2,33,40,110 | 4.71% | ₹185.3 Cr | |
| 1,47,89,227 | 4.71% | ₹117.4 Cr | |
| 1,40,69,404 | 2.24% | ₹111.7 Cr | |
| 1,36,78,933 | 1.45% | ₹108.6 Cr | |
| 1,31,80,000 | 2.07% | ₹104.6 Cr | |
| 1,30,00,340 | 1.14% | ₹103.2 Cr | |
| 1,21,96,451 | 2.84% | ₹96.8 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Bank of Maharashtra insider trading
- Promoters and promoter group0 purchases, 1 saleNo purchase₹462 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹462 Cr
- Others6 purchases, 8 sales₹0.39 Cr₹0.57 CrNet−₹0.18 Cr
Bank of Maharashtra competitors and peers
Public Sector Bank, 12 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Bank of Maharashtra in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1,39,375 | 6.10 | 0.87 | +2.9% | +34.2% | 15.1% | 0.95% | 2.40% | 2.47% | |
| 1,20,974 | – | 0.73 | +2.7% | – | – | 0.98% | 2.83% | 3.63% | |
| 1,13,145 | 8.56 | 1.30 | +12.4% | +17.2% | 16.1% | 1.25% | 3.07% | 2.17% | |
| 1,07,043 | 5.25 | 0.84 | −6.8% | +17.7% | 16.8% | 0.99% | 2.21% | 3.56% | |
| 60,104 | 4.80 | 0.64 | +9.1% | +29.7% | 14.1% | 0.92% | 2.47% | 3.52% | |
| 56,191 | 8.43 | 1.39 | +14.2% | +51.3% | 17.9% | 1.25% | 3.17% | 0.00% | |
| 28,038 | 9.40 | 0.81 | +4.4% | +18.4% | 8.9% | 0.73% | 2.89% | 1.97% | |
| 26,168 | 5.43 | 0.63 | +8.3% | +5.2% | 12.0% | 0.88% | 2.99% | 2.77% |
Dividends
Per share, by the year it was paid for, and the latest payments.Bank of Maharashtra dividend history
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. Dividend per share in the glossary| 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. Final dividend in the glossary | ₹1.20 |
| 20 Jan 2026 | Interim | ₹1.00 |
| 9 May 2025 | Final | ₹1.50 |
| 10 May 2024 | Final | ₹1.40 |
| 23 May 2023 | Final | ₹1.30 |
| 20 Jun 2022 | Final | ₹0.50 |
Latest announcements
Routine notices left out.Bank of Maharashtra announcements
Oct 2026
26 Oct · Results
21 Oct · Analysts
21 Oct · Board meeting
19 Oct · General Updates
8 Oct · Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
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 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 75.70 | 76.12 | 72.77 | 76.12 | 74.59 | 1,37,84,759 | 37.1% |
| 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% |
Company details
- NSE symbol
- MAHABANK
- BSE code
- 532525
- ISIN
- INE457A01014
- Industry
- Banks
- Website
- www.bankofmaharashtra.in
- Registered office
- Lokmangal, 1501, Shivaji Nagar, Pune 411005, Maharashtra
- Share registrar
- MCS Share Transfer Agent Ltd
- Keeps the register of shareholders and handles transfers and dividend payments