Bank of Maharashtra

Bank of Maharashtra

₹ 30.7 -2.69%
05 Jun 3:31 p.m.
About

Bank of Maharashtra is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other banking operations.[1]

Key Points

Ratios
Capital Adequacy Ratio - 16.15%[1]
Net Interest Margin - 3.28%
Gross NPA - 3.74%
Net NPA - 0.88%
CASA Ratio - 56.08%[2]

  • Market Cap 20,663 Cr.
  • Current Price 30.7
  • High / Low 36.2 / 15.0
  • Stock P/E 7.87
  • Book Value 23.5
  • Dividend Yield 4.15 %
  • ROCE 4.44 %
  • ROE 17.4 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 4.16%.
  • Company has delivered good profit growth of 34.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.9%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.46% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 10.9% over last 3 years.
  • Contingent liabilities of Rs.30,931 Cr.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Public Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Revenue 2,806 2,896 2,868 3,007 3,098 3,104 3,207 3,282 3,426 3,457 3,815 4,131 4,495
Interest 1,784 1,808 1,747 1,700 1,714 1,697 1,708 1,755 1,814 1,772 1,928 2,149 2,308
1,730 1,356 1,138 1,476 2,420 1,740 1,870 1,812 1,321 1,349 1,507 1,622 2,098
Financing Profit -707 -267 -17 -170 -1,037 -334 -370 -285 291 337 380 359 89
Financing Margin % -25% -9% -1% -6% -33% -11% -12% -9% 8% 10% 10% 9% 2%
392 369 402 575 1,237 687 832 611 522 317 503 640 822
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -315 101 385 405 200 353 462 327 813 654 883 999 911
Tax % 118% 0% 66% 62% 18% 41% 43% 1% 56% 31% 39% 22% 8%
Net Profit 54 105 142 156 169 214 274 310 356 453 535 777 841
EPS in Rs 0.09 0.18 0.22 0.24 0.26 0.33 0.41 0.46 0.53 0.67 0.79 1.15 1.25
Gross NPA % 12.81% 10.93% 8.81% 7.69% 7.23% 6.35% 5.56% 4.73% 3.94% 3.74% 3.40% 2.94% 2.47%
Net NPA % 4.77% 4.10% 3.30% 2.59% 2.48% 2.22% 1.73% 1.24% 0.97% 0.88% 0.68% 0.47% 0.25%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Revenue 7,214 9,613 11,957 12,665 13,053 12,062 11,096 10,850 11,496 11,869 13,019 15,899
Interest 4,696 6,580 8,447 8,790 9,174 8,886 7,706 7,115 7,216 6,970 6,974 8,157
2,434 2,530 3,918 3,953 4,332 6,709 8,034 9,825 5,330 6,788 7,278 7,157
Financing Profit 83 503 -409 -78 -453 -3,533 -4,643 -6,090 -1,050 -1,889 -1,233 584
Financing Margin % 1% 5% -3% -1% -3% -29% -42% -56% -9% -16% -9% 4%
648 922 907 1,020 1,037 1,525 1,540 1,568 1,660 2,649 2,655 2,283
Depreciation 66 74 100 115 149 118 129 241 211 188 268 262
Profit before tax 665 1,352 399 827 435 -2,126 -3,232 -4,763 399 571 1,153 2,605
Tax % 34% 43% 0% 44% 73% 36% 66% 0% 0% 0% 0% 0%
Net Profit 437 769 399 465 118 -1,356 -1,112 -4,763 399 571 1,153 2,605
EPS in Rs 7.41 11.63 4.75 4.37 1.01 -11.61 -4.28 -17.30 0.68 0.87 1.71 3.87
Dividend Payout % 30% 20% 21% 18% 0% 0% 0% 0% 0% 0% 29% 34%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: 11%
TTM: 22%
Compounded Profit Growth
10 Years: 13%
5 Years: 34%
3 Years: 88%
TTM: 126%
Stock Price CAGR
10 Years: -5%
5 Years: 19%
3 Years: 44%
1 Year: 84%
Return on Equity
10 Years: -2%
5 Years: 0%
3 Years: 11%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,178 1,249 1,427 1,063 1,168 1,168 2,598 2,753 5,824 6,560 6,730 6,730
Reserves 3,564 5,176 5,983 7,060 7,692 6,301 7,469 3,130 5,085 5,748 7,331 9,060
83,467 107,208 125,120 133,237 148,208 147,177 143,030 150,785 153,720 178,228 210,022 244,830
3,535 3,935 4,419 4,713 3,961 4,765 3,351 8,008 4,388 6,299 6,700 7,207
Total Liabilities 91,156 116,981 136,360 146,073 161,029 159,411 156,449 164,676 169,018 196,835 230,783 267,827
601 1,429 1,446 1,432 1,695 1,564 1,487 1,741 1,604 1,622 2,036 2,149
CWIP 0 0 0 0 0 22 30 34 72 52 205 8
Investments 26,050 31,458 37,290 32,819 36,302 38,677 43,742 59,837 57,891 68,281 68,762 69,042
64,506 84,093 97,625 111,822 123,033 119,148 111,189 103,064 109,451 126,880 159,780 196,628
Total Assets 91,156 116,981 136,360 146,073 161,029 159,411 156,449 164,676 169,018 196,835 230,783 267,827

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,482 12 -173 -1,083 2,904 7,498 -1,723 -10,842 693 2,447 7,233 -1,440
-15 -126 -171 -151 -151 -99 -134 -106 -100 -169 -300 -175
228 542 274 1,885 -186 -77 1,100 4,220 698 217 42 228
Net Cash Flow 1,695 429 -70 651 2,567 7,322 -758 -6,729 1,292 2,495 6,974 -1,387

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 10% 14% 6% 6% 1% -17% -13% -60% 5% 5% 9% 17%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
92.49 93.33 93.33 93.33 93.33 90.97 90.97 90.97 90.97 90.97 90.97 90.97
0.13 0.10 0.09 0.08 0.08 0.15 0.12 0.13 0.16 0.20 0.16 0.26
3.98 3.51 3.51 3.00 2.18 3.67 3.70 3.74 3.74 3.78 3.39 3.33
3.40 3.06 3.07 3.59 4.41 5.21 5.21 5.17 5.13 5.05 5.49 5.44

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls