Bank of Maharashtra Share Price Target 2024-2030 Fundamentals & Quarterly Results

Bank of Maharashtra Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –  Bank of Maharashtra is based in Pune, Maharashtra and is a state-owned public sector lender. It has the most significant number of branches in Maharashtra than any other publicly owned bank due to its overall number of personnel which stands at role. The bank lists in NSE as MAHABANK NSE before recording the fastest growth rate ever concerning its deposits collections ratio throughout the national industry history.Bank of Maharashtra Share Price Target

Bank of Maharashtra Overview

The Bank of Maharashtra offers banking services. This includes Treasury, Corporate/Wholesale Banking, Retail Banking, and other banking operations are the segments of the bank.

Company Name Bank of Maharashtra
Listed at NSE & BSE
Head Office Lokmangal’, 1501, Shivajinagar Pune-411005
Board Of Directors
  • Mr. Asheesh Pandey Executive Director
  • Mr. A B Vijayakumar Executive Director
  • Mr. Parshant Kumar Goyal Government Nominee Director
  • Mr. A S Rajeev Managing Director & CEO
  • Mr. M K Verma Nominee Director
  • Mr. Shashank Shrivastava Part Time Non Official Director
  • Mr. S Baljit Singh Part Time Non Official Director
  • Mr. Rakesh Kumar Shareholder Director
Official Website bankofmaharashtra.in

Also Check CDSL Share Price Target

Bank of Maharashtra Business Profile

The bank functions as an insurance agent providing bancassurance for life and non-life risks. For example, it has senior citizen saving scheme, Mahabank gold loan scheme, Suraksha payroll scheme, Pradhan Mantri Mudra Yojana. Also it has Pradhan Mantra Awas Yojana and non-resident accounts. In addition to this, BoM also offers foreign exchange, cash management, depository services, micro-finance, remittances, digital certificate on life certificate, doorstep banking, online trading, payment solutions in addition to mobile banking.

Also Check ONGC Share Price Target

Branch Network

The bank operates a network of 2029 branches and 1,850 ATMs across India, with majority (33%) of these branches situated in rural areas.

Also Check Reliance Power Share Price Target

Loan Book

Approximately 39% of the loan book belongs to the corporate & others category, closely followed by retail at 26%, MSME at 19% and lastly agriculture at 16%.

Also Check IRCTC Share Price Target

Exposure

The agriculture industry has the most exposure at 15.1%, with housing following closely at 14%, infrastructure coming in as third with 11%, trade at a distant fourth place with 8.6%, NBFC emerging fifth position with 4.4%, professional services accounting for 4.4%, HFCs having 3.5% while other sectors represent the remaining 38.3% of all sectoral credits.

Also Check NHPC Share Price Target

METCO

METCO is a company that is 100% owned by the bank, providing services that complement those offered by banks, including advice and drafting of wills, financial transactions, management of children’s assets, property sales/purchase consultations, etc.

Also Check JP Power Share Price Target

Bank of Maharashtra Recent Update

  1. The Department of Financial Services notified that Vigilance Commissioner in the Central Vigilance Commission has been appointed as AS Rajeev who is the Managing Director and Chief Executive Officer of Bank of Maharashtra.
  2. PSU aside, Bank of Maharashtra was the best performer in recording 17.89% growth in deposit collection during Quarter three. Besides Bank of Maharashtra, only State Bank of India has been able to register a double-digit growth rate of 12.84% in deposits collection.
  3. Two new branches was opened in Gujarat and there is a promise to grow PSU bank’s businesses by 66% by Mr. ‘Asheesh Pandey,’ who happens to be the Executive Director of BOM. This information saw Bank of Maharastra’s sharesweaving a path upwards on the stock market.
  4. The bank of Maharashtra has announced that it will raise its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points across the board in the first full week of February 2024.

Also Check IDFC First Bank Share Price Target

Bank of Maharashtra Fundamentals & Quarterly Results

Market Cap ₹ 46,029 Cr.
Current Price ₹ 65.0
High / Low ₹ 72.6 / 26.8
Stock P/E 11.3
Book Value ₹ 23.5
Dividend Yield 2.16 %
ROCE 5.77 %
ROE 25.8 %
Face Value ₹ 10.0
Debt to equity 15.5
Debt Capacity -3.14
Debt preceding year ₹ 2,44,830 Cr.
Debt ₹ 2,44,830 Cr.
Reserves ₹ 9,060 Cr.
EPS ₹ 5.75
EPS last year ₹ 5.75
Pledged percentage 0.00 %
FCF Prev Ann ₹ -1,617 Cr.
EV/EBITDA 18.1
Industry PE 9.46
PEG Ratio 0.48
Piotroski score 6.00
Earnings yield 5.53 %

Also Check Shree Renuka Sugars Share Price Target

Bank of Maharashtra Quarterly Results

Metric Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 3,282 3,426 3,457 3,815 4,131 4,495 4,789 5,068 5,172 5,467
Interest 1,755 1,814 1,772 1,928 2,149 2,308 2,449 2,636 2,705 2,882
Expenses 1,812 1,321 1,349 1,507 1,622 2,098 1,882 2,164 2,076 2,339
Financing Profit -285 291 337 380 359 89 458 268 390 246
Financing Margin % -9% 8% 10% 10% 9% 2% 10% 5% 8% 4%
Other Income 611 522 317 503 640 822 629 668 680 1,022
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax 327 813 654 883 999 911 1,088 936 1,070 1,268
Tax % 1% 56% 31% 39% 22% 8% 19% 2% 3% 4%
Net Profit 310 356 453 535 777 841 884 920 1,038 1,230
EPS in Rs 0.46 0.53 0.67 0.79 1.15 1.25 1.25 1.30 1.47 1.74
Gross NPA % 4.73% 3.94% 3.74% 3.40% 2.94% 2.47% 2.28% 2.19% 2.04% 1.88%
Net NPA % 1.24% 0.97% 0.88% 0.68% 0.47% 0.25% 0.24% 0.23% 0.22% 0.20%

Also Check Tata Power Share Price Target

CAGR Report

10 Years 5 Years 3 Years TTM / 1 Year
Compounded Sales Growth 6% 14% 20% 29%
Compounded Profit Growth 26% 23% 92% 56%
Stock Price CAGR 5% 35% 37% 108%
Return on Equity 2% 14% 18% 26%

Also Check ITC Share Price Target

BOM Shareholding Pattern

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoters 90.97% 90.97% 90.97% 90.97% 86.46% 86.46% 86.46% 86.46%
FIIS 0.16% 0.20% 0.16% 0.26% 0.68% 0.59% 0.45% 1.04%
DIIS 3.74% 3.78% 3.39% 3.33% 6.43% 5.17% 4.71% 4.68%
Public 5.13% 5.05% 5.49% 5.44% 6.42% 7.76% 8.37% 7.80%
No. of Shareholders 3,79,399 3,71,592 4,33,506 4,41,517 4,53,524 6,06,046 6,77,087 8,46,746

Bank of Maharashtra Share Price Target 2024-2030 Forecast

Year Lower Targets Higher Targets
2024 88 97
2025 ₹100 ₹110
2026 ₹112 ₹127
2027 ₹130 ₹145
2028 ₹150 ₹160
2020 ₹180 ₹190
2030 ₹200 ₹215

Bank of Maharashtra Share Price Target 2025

Month Lower Targets Higher Targets
January ₹83 ₹85
February ₹85 ₹89
March ₹83 ₹85
April ₹87 ₹89
May ₹85 ₹90
June ₹87 ₹92
July ₹89 ₹95
August ₹92 ₹99
September ₹88 ₹95
October ₹91 ₹94
November ₹93 ₹97
December ₹100 ₹110

Bank of Maharashtra Share Price Target 2026

Month Lower Targets Higher Targets
January ₹105 ₹117
February ₹99 ₹111
March ₹91 ₹101
April ₹95 ₹107
May ₹99 ₹110
June ₹102 ₹115
July ₹106 ₹122
August ₹101 ₹117
September ₹100 ₹113
October ₹105 ₹118
November ₹108 ₹125
December ₹112 ₹127

Bank of Maharashtra Share Price Target 2027

Month Lower Targets Higher Targets
January ₹116 ₹137
February ₹109 ₹133
March ₹101 ₹128
April ₹103 ₹133
May ₹107 ₹137
June ₹111 ₹139
July ₹115 ₹141
August ₹111 ₹139
September ₹107 ₹135
October ₹119 ₹137
November ₹125 ₹140
December ₹130 ₹145

Bank of Maharashtra Share Price Target 2028

Month Lower Targets Higher Targets
January ₹137 ₹147
February ₹131 ₹138
March ₹130 ₹136
April ₹132 ₹139
May ₹135 ₹144
June ₹139 ₹149
July ₹144 ₹155
August ₹139 ₹152
September ₹137 ₹149
October ₹140 ₹155
November ₹145 ₹157
December 150 160

Bank of Maharashtra Share Price Target 2029

Month Lower Targets Higher Targets
January ₹157 ₹167
February ₹151 ₹168
March ₹146 ₹160
April ₹142 ₹157
May ₹135 ₹144
June ₹139 ₹149
July ₹144 ₹155
August ₹150 ₹160
September ₹157 ₹169
October ₹160 ₹175
November ₹175 ₹187
December 180 190

Bank of Maharashtra Share Price Target 2030

Month Lower Targets Higher Targets
January ₹187 ₹197
February ₹181 ₹188
March ₹175 ₹180
April ₹182 ₹189
May ₹185 ₹194
June ₹189 ₹199
July ₹184 ₹195
August ₹189 ₹199
September ₹187 ₹196
October ₹195 ₹205
November ₹197 ₹210
December 200 215

Official Website – bankofmaharashtra.in

Leave a Comment