Bank of Maharashtra

Bank of Maharashtra

₹ 65.0 -0.91%
19 Jun 9:37 a.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 46,050 Cr.
  • Current Price 65.0
  • High / Low 73.5 / 26.8
  • Stock P/E 11.3
  • Book Value 28.1
  • Dividend Yield 2.16 %
  • ROCE 5.38 %
  • ROE 22.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.0%

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Contingent liabilities of Rs.45,131 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 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 3,098 3,104 3,207 3,282 3,426 3,457 3,815 4,131 4,495 4,789 5,068 5,172 5,467
Interest 1,714 1,697 1,708 1,755 1,814 1,772 1,928 2,149 2,308 2,449 2,636 2,705 2,882
2,420 1,740 1,870 1,812 1,321 1,349 1,507 1,622 2,098 1,882 2,164 2,076 2,339
Financing Profit -1,037 -334 -370 -285 291 337 380 359 89 458 268 390 246
Financing Margin % -33% -11% -12% -9% 8% 10% 10% 9% 2% 10% 5% 8% 4%
1,237 687 832 611 522 317 503 640 822 629 668 680 1,022
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 200 353 462 327 813 654 883 999 911 1,088 936 1,070 1,268
Tax % 18% 41% 43% 1% 56% 31% 39% 22% 8% 19% 2% 3% 4%
169 214 274 310 356 453 535 777 841 884 920 1,038 1,230
EPS in Rs 0.26 0.33 0.41 0.46 0.53 0.67 0.79 1.15 1.25 1.25 1.30 1.47 1.74
Gross NPA % 7.23% 6.35% 5.56% 4.73% 3.94% 3.74% 3.40% 2.94% 2.47% 2.28% 2.19% 2.04% 1.88%
Net NPA % 2.48% 2.22% 1.73% 1.24% 0.97% 0.88% 0.68% 0.47% 0.25% 0.24% 0.23% 0.22% 0.20%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 9,613 11,957 12,665 13,053 12,062 11,096 10,850 11,496 11,869 13,019 15,899 20,495
Interest 6,580 8,447 8,790 9,174 8,886 7,706 7,115 7,216 6,970 6,974 8,157 10,672
2,530 3,918 3,953 4,332 6,709 8,034 9,825 5,330 6,788 7,278 6,314 8,238
Financing Profit 503 -409 -78 -453 -3,533 -4,643 -6,090 -1,050 -1,889 -1,233 1,428 1,585
Financing Margin % 5% -3% -1% -3% -29% -42% -56% -9% -16% -9% 9% 8%
922 907 1,020 1,037 1,525 1,540 1,568 1,660 2,649 2,655 2,283 3,015
Depreciation 74 100 115 149 118 129 241 211 188 268 262 223
Profit before tax 1,352 399 827 435 -2,126 -3,232 -4,763 399 571 1,153 3,448 4,377
Tax % 43% 0% 44% 73% 36% 66% 0% 0% 0% 0% 24% 7%
769 399 465 118 -1,356 -1,112 -4,763 399 571 1,153 2,605 4,072
EPS in Rs 11.63 4.75 4.37 1.01 -11.61 -4.28 -17.30 0.68 0.87 1.71 3.87 5.75
Dividend Payout % 20% 21% 18% 0% 0% 0% 0% 0% 0% 29% 34% 24%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 20%
TTM: 29%
Compounded Profit Growth
10 Years: 26%
5 Years: 23%
3 Years: 92%
TTM: 56%
Stock Price CAGR
10 Years: 3%
5 Years: 34%
3 Years: 38%
1 Year: 135%
Return on Equity
10 Years: 2%
5 Years: 13%
3 Years: 17%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 661 839 1,063 1,168 1,168 2,598 2,753 5,824 6,560 6,730 6,730 7,081
Reserves 5,176 5,983 7,060 7,692 6,301 7,469 3,130 5,085 5,748 7,331 9,060 12,789
Preference Capital 588 588 0 0 0 0 0 0 0 0 0 0
107,208 125,120 133,237 148,208 147,177 143,030 150,785 153,720 178,228 210,022 244,830 278,445
3,935 4,419 4,713 3,961 4,765 3,351 8,008 4,388 6,299 6,700 7,207 9,013
Total Liabilities 116,981 136,360 146,073 161,029 159,411 156,449 164,676 169,018 196,835 230,783 267,827 307,329
1,429 1,446 1,432 1,695 1,564 1,487 1,741 1,604 1,622 2,036 2,149 2,200
CWIP 0 0 0 0 22 30 34 72 52 205 8 10
Investments 31,458 37,290 32,819 36,302 38,677 43,742 59,837 57,891 68,281 68,762 69,042 68,465
84,093 97,625 111,822 123,033 119,148 111,189 103,064 109,451 126,880 159,780 196,628 236,655
Total Assets 116,981 136,360 146,073 161,029 159,411 156,449 164,676 169,018 196,835 230,783 267,827 307,329

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 -173 -1,083 2,904 7,498 -1,723 -10,842 693 2,447 6,896 -1,440 11,581
-126 -171 -151 -151 -99 -134 -106 -100 -169 -300 -175 -260
542 274 1,885 -186 -77 1,100 4,220 698 217 378 228 461
Net Cash Flow 429 -70 651 2,567 7,322 -758 -6,729 1,292 2,495 6,974 -1,387 11,783

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 15% 6% 6% 1% -17% -13% -60% 5% 5% 9% 17% 23%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
93.33% 90.97% 90.97% 90.97% 90.97% 90.97% 90.97% 90.97% 86.46% 86.46% 86.46% 86.46%
0.08% 0.15% 0.12% 0.13% 0.16% 0.20% 0.16% 0.26% 0.68% 0.59% 0.45% 1.04%
2.18% 3.67% 3.70% 3.74% 3.74% 3.78% 3.39% 3.33% 6.43% 5.17% 4.71% 4.68%
4.41% 5.21% 5.21% 5.17% 5.13% 5.05% 5.49% 5.44% 6.42% 7.76% 8.37% 7.80%
No. of Shareholders 3,21,2523,52,5683,67,6053,74,4583,79,3993,71,5924,33,5064,41,5174,53,5246,06,0466,77,0878,46,746

* 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.

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Documents

Concalls