NSEI:MAHABANK

Stock Analysis Report

Bank of Maharashtra

Executive Summary

Bank of Maharashtra provides various banking products and services in India.

Rewards

PE ratio (19.1x) is below the Banks industry average (20.7x)

Became profitable this year

Risk Analysis

Shareholders have been substantially diluted in the past year

Highly volatile share price over past 3 months



Snowflake Analysis

Adequate balance sheet with acceptable track record.

Share Price & News

How has Bank of Maharashtra's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAHABANK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.9%

MAHABANK

-2.9%

IN Banks

0.2%

IN Market


1 Year Return

1.1%

MAHABANK

6.1%

IN Banks

7.2%

IN Market

Return vs Industry: MAHABANK underperformed the Indian Banks industry which returned 7.9% over the past year.

Return vs Market: MAHABANK underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

MAHABANKIndustryMarket
7 Day7.9%-2.9%0.2%
30 Day21.1%-3.8%2.1%
90 Day32.3%5.4%5.7%
1 Year1.1%1.1%6.5%6.1%9.2%7.2%
3 Year-51.0%-51.0%26.5%25.1%33.1%26.2%
5 Year-65.6%-66.4%3.5%0.2%35.6%23.5%

Price Volatility Vs. Market

How volatile is Bank of Maharashtra's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bank of Maharashtra undervalued compared to its fair value and its price relative to the market?

19.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MAHABANK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MAHABANK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MAHABANK is good value based on its PE Ratio (19.1x) compared to the Banks industry average (20.7x).

PE vs Market: MAHABANK is poor value based on its PE Ratio (19.1x) compared to the Indian market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MAHABANK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAHABANK is overvalued based on its PB Ratio (0.8x) compared to the IN Banks industry average (0.7x).


Next Steps

Future Growth

How is Bank of Maharashtra forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.0%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bank of Maharashtra has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bank of Maharashtra performed over the past 5 years?

-35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAHABANK has high quality earnings.

Growing Profit Margin: MAHABANK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MAHABANK has become profitable over the past 5 years, growing earnings by -35.5% per year.

Accelerating Growth: MAHABANK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MAHABANK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (33.4%).


Return on Equity

High ROE: MAHABANK's Return on Equity (3.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bank of Maharashtra's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MAHABANK has a low level of unsold assets or inventory.

Debt Coverage by Assets: MAHABANK's debt is not covered by short term assets (assets are 1x debt).


Financial Institutions Analysis

Asset Level: MAHABANK's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if MAHABANK has a sufficient allowance for bad loans.

Low Risk Liabilities: MAHABANK's liabilities are made up of primarily low risk sources of funding.

Loan Level: MAHABANK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MAHABANK's loans are broadly funded by customer deposits.

Level of Bad Loans: MAHABANK has a high level of bad loans (19.17%)


Next Steps

Dividend

What is Bank of Maharashtra's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.3%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MAHABANK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MAHABANK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAHABANK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAHABANK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MAHABANK is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAHABANK's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Bank of Maharashtra's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

A. Rajeev (55yo)

1.1yrs

Tenure

₹2,742,090

Compensation

Mr. A. S. Rajeev serves as Managing Director and Chief Executive Officer of Bank of Maharashtra since December 2, 2018. Mr. Rajeev is a Director at New India Assurance Company Ltd. since October 11, 2019.  ...


CEO Compensation Analysis

Compensation vs Market: A.'s total compensation ($USD38.70K) is below average for companies of similar size in the Indian market ($USD390.22K).

Compensation vs Earnings: Insufficient data to compare A.'s compensation with company performance.


Management Age and Tenure

2.3yrs

Average Tenure

58yo

Average Age

Experienced Management: MAHABANK's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

59yo

Average Age

Experienced Board: MAHABANK's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹2,049,999,08808 Apr 19
India
EntityCompany
Shares154,716,981
Max Price₹13.25

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 124.4%.


Management Team

  • A. Rajeev (55yo)

    MD, CEO & Director

    • Tenure: 1.1yrs
    • Compensation: ₹2.74m
  • Vijay Srivastava (52yo)

    CFO and GM of FM&A

    • Tenure: 1.7yrs
  • Chandrakant Bhagwat (31yo)

    Compliance Officer & Company Secretary

    • Tenure: 4.3yrs
  • T. Raman Murthy (60yo)

    General Manager

    • Tenure: 3.2yrs
  • Alekha Rout (59yo)

    Executive Director

    • Tenure: 2.8yrs
    • Compensation: ₹2.45m
  • Nalini Shriraman (60yo)

    General Manager

    • Tenure: 2.7yrs
  • N. Muniraju (59yo)

    General Manager

    • Tenure: 2.7yrs
  • S Rudra

    General Manager

    • Tenure: 1yrs
  • Nadendla Rambabu (58yo)

    General Manager

    • Tenure: 2.3yrs
  • Hemant Tamta (57yo)

    Executive Director

    • Tenure: 1.1yrs
    • Compensation: ₹2.38m

Board Members

  • A. Rajeev (55yo)

    MD, CEO & Director

    • Tenure: 1.1yrs
    • Compensation: ₹2.74m
  • R. Thamodharan (60yo)

    Shareholders Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: ₹805.00k
  • Archana Dholakia (64yo)

    Part-Time Non-Official Director

    • Tenure: 0.8yrs
    • Compensation: ₹660.00k
  • Alekha Rout (59yo)

    Executive Director

    • Tenure: 2.8yrs
    • Compensation: ₹2.45m
  • Vandita Kaul (53yo)

    Government Nominee Non-Executive Director

    • Tenure: 2.7yrs
  • Hemant Tamta (57yo)

    Executive Director

    • Tenure: 1.1yrs
    • Compensation: ₹2.38m
  • M.K. Verma (62yo)

    RBI Nominee Director

    • Tenure: 0.4yrs

Company Information

Bank of Maharashtra's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Maharashtra
  • Ticker: MAHABANK
  • Exchange: NSEI
  • Founded: 1935
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹83.459b
  • Shares outstanding: 5.82b
  • Website: https://www.bankofmaharashtra.in/

Number of Employees


Location

  • Bank of Maharashtra
  • Lokmangal, 1501
  • Shivajinagar
  • Pune
  • Maharashtra
  • 411005
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532525BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2004
MAHABANKNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2004

Biography

Bank of Maharashtra provides various banking products and services in India. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking segments. It accepts savings, current, and term deposits, as well as capital gain account schemes. The company also provides term loans, overdrafts, letters of credit, guarantees, and other products, as well as loans for exporters, agriculturists, corporates, entrepreneurs, professionals, and individuals; housing, skill, MSME, educational, vehicle, gold, top up, personal, and consumer loans, as well as salary gain schemes, and schemes for solar water heating and lighting systems; and loans against property. In addition, it offers mobile-point of sale, ATM, DEMAT, western union money transfer facility, online share trading, executors and trustee, e-SBTR, e-payment, payroll, and door step banking services, as well as ASBA services for corporate houses/institutional investors, such as LIC/GIC/mutual fund companies; and credit and debit cards, bancassurance products, mutual funds, and pension schemes. Further, the company collects direct taxes; and provides non-resident ordinary and external, foreign currency non-resident, and resident foreign currency accounts, as well as inward remittance services. As of March 31, 2019, it had a branch network of 1832 branches in 30 states and 4 union territories; and network of 1858 ATMs. Bank of Maharashtra was founded in 1935 and is headquartered in Pune, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/21 12:55
End of Day Share Price2020/01/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.