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NSE Close — 25 Sep 2026
₹84.88
Change
+2.5 (3.03%)
Open
₹82.3
Prev. Close
₹82.38
Day High
₹84.88
Day Low
₹81.91
Volume Analysis
Traded
12,167,444
Delivered
5,718,813
Delivery %
47.0%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong return on equity (22.6%)
Weaknesses (2)
- •High debt-to-equity ratio (1.06)
- •Promoter holding is falling
Opportunities (2)
- •Strong 3-year EPS growth (33.1%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹88.84 | ₹86.86 | ₹85.87 | ₹83.89 | ₹82.9 | ₹80.92 | ₹79.93 |
| Fibonacci | ₹86.86 | ₹85.73 | ₹85.02 | ₹83.89 | ₹82.76 | ₹82.05 | ₹80.92 |
| Camarilla | ₹85.7 | ₹85.42 | ₹85.15 | ₹83.89 | ₹84.61 | ₹84.34 | ₹84.06 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+33.4%
1 Week
+3.26%
1 Month
+1.29%
3 Months
-7.17%
6 Months
+30.83%
1 Year
+57.21%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹97.58
Current price is at or below the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
Company Overview
Sector
Financial Services
Market Cap
₹62,241 Cr
P/E (TTM)
8.26
ROE
22.6%
Book Value
₹46.4
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 28 Sep 2026. Not investment advice.
TopFund Analysis
Bank Of Maharashtra holds up reasonably well on TopFund's composite fundamentals check within the Financial Services sector, at 69/100. The strongest factor is Growth (100/100), while Risk & Volatility (44/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (22.6%); high debt-to-equity ratio (1.06); promoter holding is falling. Strong 3-year EPS growth (33.1%).
TopFund Score — Fundamentals Quality
69/100 — GoodData confidence: 72/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Growth
Valuation
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has delivered good profit growth of 65.2% CAGR over last 5 years
- +Company has been maintaining a healthy dividend payout of 19.4%
- −Company has low interest coverage ratio.
- −Tax rate seems low
- −Contingent liabilities of Rs.50,756 Cr.
- −Company might be capitalizing the interest cost
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Paid Rs.11.09 crore interest and redeemed Rs.500 crore Tier II bonds on 25 Sept 2026.
Fitch assigned BBB- rating to Bank of Maharashtra’s USD500 million notes due September 2031.
Bank held investor meetings from 8 to 24 September 2026; no UPSI shared.
Trading window closed from 1 Oct 2026 until 48 hours after Q2 FY27 results.
Bank unions have proposed a strike on 28-30 September 2026, possibly affecting branch operations.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 4,789 | 5,068 | 5,172 | 5,467 | 5,875 | 6,017 | 6,325 | 6,731 | 7,054 | 7,128 | 7,344 | 7,755 | 8,035 |
| Expenses + | 1,882 | 2,164 | 2,076 | 2,339 | 2,349 | 2,219 | 2,269 | 2,561 | 2,414 | 2,275 | 2,348 | 2,312 | 2,522 |
| Financing Profit | 458 | 268 | 390 | 246 | 450 | 588 | 675 | 556 | 878 | 973 | 1,075 | 1,391 | 1,248 |
| Financing Margin % | 10.0% | 5.0% | 8.0% | 4.0% | 8.0% | 10.0% | 11.0% | 8.0% | 12.0% | 14.0% | 15.0% | 18.0% | 16.0% |
| Other Income + | 629 | 668 | 680 | 1,022 | 894 | 792 | 788 | 981 | 825 | 846 | 933 | 938 | 1,029 |
| Interest | 2,449 | 2,636 | 2,705 | 2,882 | 3,075 | 3,210 | 3,381 | 3,614 | 3,762 | 3,880 | 3,922 | 4,052 | 4,264 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1,088 | 936 | 1,070 | 1,268 | 1,344 | 1,380 | 1,463 | 1,537 | 1,703 | 1,819 | 2,008 | 2,330 | 2,277 |
| Tax % | 19.0% | 2.0% | 3.0% | 4.0% | 4.0% | 4.0% | 4.0% | 3.0% | 6.0% | 10.0% | 11.0% | 14.0% | 11.0% |
| Net Profit + | 884 | 920 | 1,038 | 1,230 | 1,295 | 1,333 | 1,412 | 1,502 | 1,504 | 1,669 | 1,799 | 2,045 | 2,023 |
| EPS in Rs | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net NPA % | 0.24% | 0.23% | 0.22% | 0.2% | 0.2% | 0.2% | 0.2% | 0.18% | 0.18% | 0.18% | 0.15% | 0.13% | 0.13% |
| Gross NPA % | 2.28% | 2.19% | 2.04% | 1.88% | 1.85% | 1.84% | 1.8% | 1.74% | 1.74% | 1.72% | 1.6% | 1.45% | 1.45% |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 12,665 | 13,053 | 12,062 | 11,096 | 10,850 | 11,496 | 11,869 | 13,019 | 15,899 | 20,495 | 24,948 | 29,282 | 30,262 |
| Expenses + | 3,953 | 4,332 | 6,709 | 8,034 | 9,825 | 5,330 | 6,788 | 7,278 | 6,314 | 8,542 | 9,107 | 9,005 | 9,456 |
| Financing Profit | -78 | -453 | -3,533 | -4,643 | -6,090 | -1,050 | -1,889 | -1,233 | 1,428 | 1,281 | 2,560 | 4,661 | 4,688 |
| Financing Margin % | -1.0% | -3.0% | -29.0% | -42.0% | -56.0% | -9.0% | -16.0% | -9.0% | 9.0% | 6.0% | 10.0% | 16.0% | 15.0% |
| Other Income + | 1,020 | 1,037 | 1,525 | 1,540 | 1,568 | 1,660 | 2,649 | 2,655 | 2,283 | 3,015 | 3,476 | 3,538 | 3,746 |
| Interest | 8,790 | 9,174 | 8,886 | 7,706 | 7,115 | 7,216 | 6,970 | 6,974 | 8,157 | 10,672 | 13,281 | 15,616 | 16,119 |
| Depreciation | 115 | 149 | 118 | 129 | 241 | 211 | 188 | 268 | 262 | 223 | 291 | 344 | 0 |
| Profit before tax | 827 | 435 | -2,126 | -3,232 | -4,763 | 399 | 571 | 1,153 | 3,448 | 4,072 | 5,745 | 7,855 | 8,433 |
| Tax % | 44.0% | 73.0% | -36.0% | -66.0% | 0.0% | 0.0% | 0.0% | 0.0% | 24.0% | 0.0% | 4.0% | 11.0% | — |
| Net Profit + | 465 | 118 | -1,356 | -1,112 | -4,763 | 399 | 571 | 1,153 | 2,605 | 4,072 | 5,542 | 7,017 | 7,536 |
| EPS in Rs | 4 | 1 | -12 | -4 | -17 | 1 | 1 | 2 | 4 | 6 | 7 | 9 | 10 |
| Dividend Payout % | 18.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 29.0% | 34.0% | 24.0% | 21.0% | 13.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 7,060 | 7,692 | 6,301 | 7,469 | 3,130 | 5,085 | 5,748 | 7,331 | 9,060 | 12,789 | 21,016 | 25,533 |
| Other Liabilities + | 4,713 | 3,961 | 4,765 | 3,351 | 8,008 | 4,388 | 6,299 | 6,700 | 7,207 | 9,013 | 9,673 | 8,475 |
| Total Liabilities | 146,073 | 161,029 | 159,411 | 156,449 | 164,676 | 169,018 | 196,835 | 230,783 | 267,827 | 307,329 | 369,354 | 427,471 |
| Fixed Assets + | 1,432 | 1,695 | 1,564 | 1,487 | 1,741 | 1,604 | 1,622 | 2,036 | 2,149 | 2,200 | 2,911 | 2,954 |
| CWIP | 0 | 0 | 22 | 30 | 34 | 72 | 52 | 205 | 8 | 10 | 4 | 8 |
| Investments | 32,819 | 36,302 | 38,677 | 43,742 | 59,837 | 57,891 | 68,281 | 68,762 | 69,042 | 68,465 | 82,216 | 101,588 |
| Other Assets + | 111,822 | 123,033 | 119,148 | 111,189 | 103,064 | 109,451 | 126,880 | 159,780 | 196,628 | 236,655 | 284,222 | 322,922 |
| Total Assets | 146,073 | 161,029 | 159,411 | 156,449 | 164,676 | 169,018 | 196,835 | 230,783 | 267,827 | 307,329 | 369,354 | 427,471 |
| Deposits | 125,915 | 142,785 | 139,040 | 138,967 | 140,636 | 150,050 | 173,989 | 202,275 | 234,064 | 270,726 | 307,120 | 350,538 |
| Borrowing | 7,322 | 5,423 | 8,137 | 4,064 | 10,149 | 3,670 | 4,239 | 7,747 | 10,766 | 7,719 | 23,853 | 35,234 |
| Equity Capital | 1,063 | 1,168 | 1,168 | 2,598 | 2,753 | 5,824 | 6,560 | 6,730 | 6,730 | 7,081 | 7,692 | 7,692 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -1,083 | 2,904 | 7,498 | -1,723 | -10,842 | 693 | 2,447 | 6,896 | -1,440 | 11,581 | 7,628 | -11,336 |
| Cash from Investing Activity + | -151 | -151 | -99 | -134 | -106 | -100 | -169 | -300 | -175 | -260 | -495 | -506 |
| Cash from Financing Activity + | 1,885 | -186 | -77 | 1,100 | 4,220 | 698 | 217 | 378 | 228 | 461 | 4,750 | -2,607 |
| Net Cash Flow | 651 | 2,567 | 7,322 | -758 | -6,729 | 1,292 | 2,495 | 6,974 | -1,387 | 11,783 | 11,883 | -14,449 |
| CFO/OP | -12 | 38 | 140 | -56 | -1,058 | 11 | 48 | 120 | -15 | 97 | 48 | -56 |
| Free Cash Flow | -1,234 | 2,753 | 7,399 | -1,858 | -10,968 | 584 | 2,258 | 6,594 | -1,617 | 11,305 | 7,112 | -11,742 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 7.76% | 8.37% | 7.8% | 7.75% | 7.81% | 7.99% | 8.0% | 8.11% | 8.0% | 7.97% | 6.93% | 6.32% |
| Promoters | 86.46% | 86.46% | 86.46% | 86.46% | 86.46% | 79.6% | 79.6% | 79.6% | 79.6% | 73.6% | 73.6% | 73.6% |
| FII | 0.59% | 0.45% | 1.04% | 1.2% | 1.26% | 1.54% | 1.72% | 1.89% | 2.35% | 4.92% | 5.55% | 5.82% |
| DII | 5.17% | 4.71% | 4.68% | 4.58% | 4.46% | 10.88% | 10.67% | 10.4% | 10.06% | 13.5% | 13.93% | 14.28% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Financial Services — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Bank Of Maharashtra (this stock) | 62,241 | 8.26 | 1.74 | 22.6% |
| Motilal Oswal Fin Ltd | 62,046 | 31.3 | 4.81 | 15.5% |
| Indian Overseas Bank | 61,505 | 10.3 | 1.58 | 15.6% |
| RBL Bank Limited | 64,401 | 71.6 | 1.53 | 5.43% |
| General Ins Corp Of India | 59,501 | 6.7 | 0.8 | 14.6% |
| Bank Of India | 59,385 | 5.04 | 0.65 | 12.4% |
| ICICI Pru Life Ins Co Ltd | 67,860 | 42.2 | 4.98 | 12.6% |
Which Mutual Funds Hold Bank Of Maharashtra?
Frequently Asked Questions about Bank Of Maharashtra
Bank Of Maharashtra (MAHABANK) closed at ₹84.88 on NSE on 25 September 2026, up 2.5 (3.03%) from the previous close.
Bank Of Maharashtra trades on the NSE (National Stock Exchange of India) under the symbol MAHABANK.
Bank Of Maharashtra has a trailing twelve-month P/E (price-to-earnings) ratio of 8.26.
Bank Of Maharashtra has a dividend yield of 2.72%.
Bank Of Maharashtra's 52-week high is ₹94.5 and its 52-week low is ₹53.9.
Bank Of Maharashtra has a market capitalisation of ₹62,241 crore.
Bank Of Maharashtra has a TopFund Quality Score of 69/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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