The Bank of Maharashtra (MAHABANK) is a Public Sector Bank (PSB) owned by the State of Maharashtra. It has its registered office in Pune and is the largest PSB in Maharashtra with 2,263 branches as on June 2023. The Bank has a total staff strength of 12,888 employees across the country. The Bank has been listed on the NSE since 2004 and has been one of the most successful banks in India in terms of deposits mobilization growth rate.
The Bank of Maharashtra was established in Pune in 1935 by V. G. Kale with the help of D. K. Sathe. Since then, the Bank has been a volatile stock for investors. Over the past 20 years, the Bank has seen ups and downs in its share price. In this article, you will learn about various aspects such as Bank of Maharashtra share price target 2025 and in the coming years.
Bank of Maharashtra Latest News
AS Rajeev, Managing Director and CEO of Bank of Maharashtra, has been appointed to the post of the Chief Vigilance Commissioner of the central vigilance commission, as announced by the department of financial services. The Bank of Maharashtra was the top performer among the public sector banks in terms of deposit mobilization in the third quarter, with 17.89% growth. Only Bank of India had a double digit growth rate of 12.84%. Recently, BOM’s Executive Director, Asheesh Pandey, opened two branches in Gujarat, promising to increase PSU Bank’s business in the state by 66%. The Bank of Maharashtra’s share price started appreciating on the stock exchange after the announcement of the 10 basis point increase in the Bank’s marginal cost of funds based lending rate for all tenures.
Bank of Maharashtra Share Price Target 2024
| Month (2024) | Maximum Target | MinimumTarget |
| January | Rs – | Rs – |
| February | Rs – | Rs – |
| March | Rs 55.43 | Rs 41.76 |
| April | Rs 58.78 | Rs 43.45 |
| May | Rs 6232 | Rs 43.21 |
| June | Rs 61.66 | Rs 44.90 |
| July | Rs 64.20 | Rs 42.80 |
| August | Rs 66.04 | Rs 45.76 |
| September | Rs 65.50 | Rs 44.32 |
| October | Rs 67.51 | Rs 46.90 |
| November | Rs 66.55 | Rs 48.76 |
| December | Rs 68.70 | Rs 49.65 |
(This bank of maharashtra share price prediction 2025 is based upon our understanding seeing the history of the above stock, an expert advice is critical before making any investment-related commitment)
Bank of Maharashtra Share Price Target 2025
| Month (2025) | Maximum Target | MinimumTarget |
| January | Rs 65.80 | Rs 53.90 |
| February | Rs 68.92 | Rs 52.53 |
| March | Rs 69.93 | Rs 54.89 |
| April | Rs 73.85 | Rs 56.66 |
| May | Rs 72.60 | Rs 57.63 |
| June | Rs 75.31 | Rs 54.51 |
| July | Rs 78.01 | Rs 58.14 |
| August | Rs 76.20 | Rs 59.01 |
| September | Rs 79.44 | Rs 61.90 |
| October | Rs 90.60 | Rs 62.87 |
| November | Rs 79.56 | Rs 59.45 |
| December | Rs 83.78 | Rs 60.66 |
(This bank of maharashtra share price prediction is based upon our understanding seeing the history of the above stock, an expert advice is .critical before making any investment-related commitment
Bank of Maharashtra Share Price Target 2026 to bank of maharashtra share price target 2030
| Year | Maximum Target | Minimum Target |
|---|---|---|
| 2026 | Rs 84.55 | Rs 55.00 |
| 2027 | Rs 93.76 | Rs 62.44 |
| 2028 | Rs 104.89 | Rs 65.32 |
| 2029 | Rs 119.32 | Rs 68.80 |
| 2030 | Rs 138.40 | Rs 87.23 |
| 2040 | Rs 176.00 | Rs 98.77 |
(This bank of maharashtra share price prediction 2030 is based upon our understanding seeing the history of the above stock, an expert advice is critical before making any investment-related commitment
BAHABANK: NSE Financials 2023
Bank of Maharashtra Market Capitalisation: 42,913 Crores INR
Bank of Maharashtra Reserves and Borrowings: 8,879.77 Cr INR and 10,765.66 INR (March 2023) Respectively
Bank of Maharashtra 52 Week High-Low: Rs 69.45 – Rs 22.80
| Revenue | 65.27 Billion INR |  30.46% YOY |
| Operating expense | 39.22 Billion INR | 01.88% YOY |
| Net Income | 26.05 Billion INR | 125.85% YOY |
| Net Profit Margin | 39.91 | 73.15% YOY |
| Earnings Per Share | ||
| EBITDA | ||
| Effective Tax Rate | ||
| Total Assets | 02.54 Trillion INR | 16.05% YOY |
| Total Liabilities | 02.83 Trillion INR | 16.30% YOY |
| Total Equity | 157.72 Trillion INR | |
| Return on assets | 1.04% | |
| Return on Capital | ||
| P/E Ratio | 11.43 | |
| Dividend Yield | 2.14% |
Bank of Maharashtra Shareholding Pattern
- Promoters: 86.46%
- FII: 00.45%
- DII: 04.30%
- Retail & Others: 8.38%
- Mutual Funds: 00.41%
Bank of Maharashtra Competitors (Market Cap: 42,913 crores INR)
- State Bank of India (Market Cap: 677,288 crores INR)
- Bank of Baroda Market Cap: 140,066.34 crores INR)
- PNB Market Cap: 137,692.75 crores INR)
- IOBInfra Market Cap: 125,039.46 crores INR)
- Union Bank Infratech Cap: 108,851.80 crores INR
- Canara Bank Market Cap: 103,659.40 crores INR)
- Indian Bank Market Cap: 70,223.97 crores INR
- UCO Bank Market Cap: 69,225.00 crores INR
Points to consider before investing in Bank of Maharashtra Stock
MahaBank’s financials are on a positive trend in the past 5 years. MahaBank’s revenue has increased from Rs 10.850 cr in the year 2019, to Rs 15.899 cr in the year 2023. In addition to revenue, Bank’s Profits have also improved in the last 5 years. The bank’s Profits in 2019 were negative, whereas in 2023, it recorded a profit of Rs 584 crore.
Bank’s profit before tax (PBT) has also improved from Rs-4,763 crore in the year 2019 to Rs-2,605 crore in the same year 2023.
In the last 5 years, BOM’s net profit has improved by Rs-4,762 crore from Rs-17.30 crore in 2019.
Thanks to the zero tax rate, Bank’s net profit has also improved steadily, reaching Rs 3,87 in the same year 2019..
Conclusion
The share price of Bank of Maharashtra has not been reliable in the past years. The share price of Mahabank has increased in the last 5 years by Rs 13 going up to Rs 60. The stock of Mahabank on the NSE has increased by Rs 54 per share since its share price of Rs 39 on 28th August 2023. The Bank of Maharashtra’s share outlook is positive in the stock market.
However, if you want to invest in the stock of Bank of Maharashtra on the NSE, you need to take all the factors into account. We always advise an expert to do proper research before any investment.
At India Property Dekho, we always recommend an expert’s advice before any investment.
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