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State-owned Indian public sector bank with a strong presence in Maharashtra, offering retail and corporate banking.
State-owned Indian public sector bank with a strong presence in Maharashtra, offering retail and corporate banking.
Earns the gap between lending rates and deposit costs, on a base of low-cost current and savings deposits concentrated in Maharashtra. Lending is weighted toward retail and small business. The Government of India holds the large majority of shares and is the controlling owner.
In one line: A state-owned mid-size US regional bank.
Moat: narrow (scale, regulatory licence, distribution). A well-established Maharashtra-focused branch network with government ownership supporting deposit stability.
Headquarters: Pune, India · Founded: 1935 · Employees: 15,596
Size Bank of Maharashtra (MAHABANK.NS) is an India Financials company (Major Banks) with a market value of $7.08B, the 162nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹86.91 on 6 Nov 2026.
Performance Over six months the shares gained 1.9%, against +5.0% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +7.0%); the operating margin is 49.4% (peer median 37.9%).
Valuation It trades at 1.79× book value against a peer median of 1.17× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 26.2%; Bank of Maharashtra delivers 23.3%, so the price asks more than the business earns today.
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹358B | ₹331B | ₹284B | ₹235B | ₹182B |
| Revenue growth | — | +17% | +21% | +29% | — |
| Net income | ₹80.0B | ₹70.2B | ₹55.4B | ₹40.7B | ₹26.1B |
| Free cash flow | n/a | ₹41.5B | -₹928B | ₹395B | ₹43.2B |
| Capital expenditure | n/a | ₹4.22B | ₹5.19B | ₹2.79B | ₹3.24B |
| Total debt | ₹479B | ₹372B | ₹245B | ₹96.2B | ₹118B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of Maharashtra MAHABANK.NS | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% |
| Bank of India BANKINDIA.NS | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% |
| Union Bank of India UNIONBANK.NS | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% |
| Central Bank of India CENTRALBK.NS | $2.93B | -18% | +8% | 12% | 0.67× | 10.9% |
| UCO Bank UCOBANK.NS | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% |
| Punjab & Sind Bank PSB.NS | $1.52B | -22% | +3% | 11% | 0.99× | 14.8% |
| Indian Bank INDIANB.NS | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% |
| Canara Bank CANBK.NS | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% |
| Indian Overseas Bank IOB.NS | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MAHABANK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.3% | +2.1% | 9th highest of 21 |
| 6-month return | +1.9% | +5.0% | 9th lowest of 21 |
| Return on equity | 23.3% | 10.2% | 2nd highest of 21 |
| Price / book | 1.79× | 1.17× | 3rd most expensive of 21 |
| Trailing P/E | 8.3× | 11.8× | 4th cheapest of 21 |
| ROE the price implies | 26.2% | 10.6% | 2nd most demanding of 21 |
| ROE delivered | 23.3% | 10.2% | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| Bank of India BANKINDIA.NS | India | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% | 14.1% |
| Mebuki Financial 7167.T | Japan | $7.57B | +6% | +25% | 9% | 1.16× | 6.2% | 9.2% |
| Valley National Bancorp VLY | United States | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% | 9.4% |
| Fukuoka Financial 8354.T | Japan | $7.75B | 0% | +22% | 9% | 1.08× | 7.0% | 8.7% |
| BOK Financial BOKF | United States | $7.87B | -2% | +3% | 11% | 1.33× | 10.6% | 11.2% |
| F.N.B FNB | United States | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% | 9.0% |
| Indian Overseas Bank IOB.NS | India | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% | 17.9% |
| RBL Bank RBLBANK.NS | India | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% | 4.0% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | India | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% | 13.1% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Jyske Bank A/S JYSK.CO | Denmark | $9.02B | +25% | +3% | 10% | 1.32× | 5.3% | 10.3% |
| IDBI Bank IDBI.NS | India | $9.04B | +5% | +3% | 12% | 1.18× | 26.1% | 11.8% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |