Public sector commercial bank that lends to retail, agriculture, MSME and corporate borrowers and funds those loans with deposits, wholesale borrowings and treasury investments. Revenue is split across four banking verticals. Retail Banking Operations is the largest segment at 43.9% of period segment revenue (Rs 9,080.13 crore YTD as of 2024-12-31), covering RAM (retail, agriculture, MSME) advances that grew 25% YoY to Rs 1.87 lakh crore in Q1 FY27. Corporate/Wholesale Banking Operations contributes 34.5% (Rs 7,145.02 crore) and is built around corporate domestic advances of Rs 1.11 lakh crore, up 21% YoY. Treasury Operations accounts for 21.0% (Rs 4,335.87 crore), running the investment book on government and other securities. Other Banking Operations rounds out at 0.6%. At the system level, gross advances stood at Rs 3.06 lakh crore and deposits at Rs 3.44 lakh crore, with a CASA ratio of 49%, producing NIM of 3.85% in Q1 FY27. Asset quality is tight (GNPA 1.45%, NNPA 0.13%) and the bank is well capitalised (CRAR 18.64%), with the Government of India holding 73.60% of the equity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking Operations (44%), Corporate/Wholesale Banking Operations (35%), Treasury Operations (21%), Other Banking Operations (1%). Cyclical, asset-heavy public sector commercial banking with sovereign majority ownership
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 1,153 | 2,603 | 4,072 | 5,542 | 7,017 |
| EPS, as reported (₹) | 1.73 | 3.87 | 5.80 | 7.48 | 9.12 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 6,896 | (1,440) | 11,581 | 7,628 | (11,336) |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 1,380 | 1,463 | 1,537 | 1,703 | 1,819 | 2,008 | 2,330 | 2,277 |
| Net profit | 1,327 | 1,407 | 1,493 | 1,593 | 1,634 | 1,780 | 2,014 | 2,021 |
| EPS (₹) | 1.88 | 1.84 | 1.94 | 1.96 | 2.17 | 2.34 | 2.66 | 2.63 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| STATE BANK OF INDIA | 9,19,091 | 10.7 | — | — | — | — | — | — |
| UNION BANK OF INDIA | 1,35,955 | 6.6 | — | — | — | — | — | — |
| PUNJAB NATIONAL BANK | 1,34,180 | 6.1 | — | — | — | — | — | — |
| BANK OF BARODA | 1,23,295 | 6.8 | — | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Shri Saurabh Kumar Appointed as GOI Nominee Director on Bank of Maharashtra Board | management changes | medium | — | — |
| 9 Sept 2026 · Bank of Maharashtra - Notice of proposed one-day strike on 11 Sep 2026 | business updates | medium | — | — |
| 8 Sept 2026 · Annual interest payment of Rs 62.05 cr on Basel III AT1 bonds | credit debt | low | — | — |
| 7 Sept 2026 · Bank of Maharashtra Sep 2026 Investor Presentation Filed | investor communications | medium | — | — |
| 7 Sept 2026 · S&P assigns BBB rating to Bank of Maharashtra USD 500M MTN programme | credit debt | medium | — | — |
| 7 Sept 2026 · Fitch assigns BBB- rating to Bank of Maharashtra's USD 500M MTN programme | credit debt | medium | — | — |
| 5 Sept 2026 · Bank of Maharashtra sets up USD 500M Euro Medium Term Note Programme | fund raising | high | — | — |
| 3 Sept 2026 · Bank of Maharashtra schedules virtual investor and analyst meets | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Bank of Maharashtra to meet analysts and institutional investors from Sep 8 to 24 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Bank fixes record date for INR 500 crore bond redemption | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INDIAN BANK |
| 1,14,963 |
| 9.0 |
| — |
| — |
| — |
| — |
| — |
| — |
| CANARA BANK | 1,12,476 | 5.7 | — | — | — | — | — | — |
| BANK OF MAHARASHTRA ◆ | 64,763 | 8.6 | — | — | — | — | — | — |
| INDIAN OVERSEAS BANK | 63,759 | 10.8 | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.6 | 7.7 | 7 of 12 | 46% |
| Profit growth | 26.8 | 28.3 | 7 of 12 | 46% |
| Market cap | 64763 | 88620 | 7 of 12 | 46% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
