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Bank Of Maharashtra Stock Analysis

Mid Cap
Evaluated by 1441 users | BSE: 532525 | NSE: MAHABANK |
Bank - Public
Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches than any other public sector banks in Maharashtra. It has a network of 345 ATMs. It offers depository services and demat facilities at 131 branches....

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bank Of Maharashtra has not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Net Interest Income (Rs. Cr.)1,9682,5173,0333,5093,8753,8793,1753,3903,7334,279
Y-o-Y Gr. Rt.33-27.9%20.5%15.7%10.4%0.1%-18.2%6.8%10.1%14.6%
Total Income6,0947,85510,52512,85113,67114,07213,57012,60212,39713,145
Y-o-Y Gr. Rt.-28.9%34%22.1%6.4%2.9%-3.6%-7.1%-1.6%6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
6.246.3610.733.974.240.86-11.75-4.41-17.380.67
Y-o-Y Gr. Rt.-1.9%68.7%-63%6.8%-79.7%-1466.3%NANANA
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
61.0263.7770.8868.166.3264.1252.8433.9215.8616.3
Y-o-Y Gr. Rt.-4.5%11.2%-3.9%-2.6%-3.3%-17.6%-35.8%-53.2%2.8%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1 : Not Good
Net Profit/Total Funds (%)0.450.510.730.30.320.07-0.86-0.73-2.980.23
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%): Colour Rating Guide
  • < 0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1: Not Good
Net NPA to Net Advances (%)1.320.840.522.034.196.411.7611.245.524.77
To view Capital Adequacy Ratio Colour Rating Guide click here
Capital Adequacy Ratio: Colour Rating Guide
  • > 12% : Very Good
  • 9%-12% : Somewhat Good
  • <9%: Not Good
Capital Adequacy Ratio - - - - - - - - - 0%
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bank Of Maharashtra should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income9%2%10.5%14.6%
Total Income8.9%-0.8%-1.1%6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-22%-30.9%NANA
Book Value per Share
-13.6%-24.5%-32.4%2.8%
Share Price -14.9% -19.5% -23.4% -3%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Interest Earned / Total Income91.2991.8491.3493.0492.6492.7688.8988.0587.5287.45
Margins
To view Margins Colour Rating Guide click here
Margins: Colour Rating Guide
  • >2.75 : Very Good
  • 1.75-2.75 : Somewhat Good
  • <1.75 : Not Good
NIM (%)2.682.872.682.652.812.532.112.332.462.76
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15% : Very Good
  • 12%-15% : Somewhat Good
  • <12% : Not Good
Return on Equity (%)12.3712.8617.987.427.061.38-20.09-15.29-72.595.61
Liquidity Ratio
To view Liquidity Ratio Colour Rating Guide click here
Liquidity Ratio: Colour Rating Guide
  • >35 : Very Good
  • 25-35 : Somewhat Good
  • <25 : Not Good
CASA (%) 40.4441.3340.7935.8937.0936.6744.8947.7449.6550.29
Entity Percentage Holding
Promoters 92.49%
Institutions 4.11%
Non-Institutions 3.40%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Bank of Maharashtra and arrived at the following conclusion:

Past 10 year's financial track record indicates that Bank of Maharashtra is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Bank of Maharashtra's performance infers:

Bank of Maharashtra earnings have declined by -30.9%, whereas share price has depreciated -19.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bank of Maharashtra share prices over the last 10 years. Here is what we found out:

Bank of Maharashtra share price has depreciated -16.3% annually over the past ten years.

Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches than any other public sector banks in Maharashtra. It has a network of 345 ATMs.

It offers depository services and demat facilities at 131 branches. 38% of its branches are located in rural areas

BoM has tie up LIC of India and United India Insurance Company.

Business

Personal

Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches than any other public sector banks in Maharashtra. It has a network of 345 ATMs.

It offers depository services and demat facilities at 131 branches. 38% of its branches are located in rural areas

BoM has tie up LIC of India and United India Insurance Company.

Business

Personal Banking  BoM offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, RTGS, demat services, credit cards,etc.

NRI banking It also offers products and services to NRI clients such as FCNR accounts, remittance services, etc.

The PSU bank also offers services to agricultural and SME sectors.

Product and services of the bank

ATM Services, Credit Card, DEMAT Services, Bancassurance, Distribution of Mutual Funds, Western Union Money Transfer facitity, Capital Market Application (ASBA)  ASBA PLUS, Executors and Trustee Services, Mahabill Pay, RTGS/NEFT, MAHAeTRADE (On line Share Trading Facility), Mahabank Swasthya Yojna, Maha Suraksha Yojana, E Payment Taxes, New Pension Scheme, Govt Business, Maha-Double Deposit Scheme and Door Step Banking, 
 
Milestones

1936
 :
 Commenced operations on 08-02-1936 in Pune.
 
1938
 :
 Second branch of the bank was opened in 1938 at Fort, Bombay.
 
1940
 :
 Third branch came up at Deccan Gymkhana, Pune.
 
1944
 :
 Status as Scheduled Bank obtained.
 
1946
 :
 Deposits crossed Rs One crore mark.
Formed fully owned subsidiary, The Maharashtra Executor & Trustee Company.
First branch outside Maharashtra opened in Hubli (Mysore Starte, Now Karnataka).
 
1949
 :
 Expansion to AP: Hyderabad branch opened
 
1963
 :
 Expansion to Goa:  Panjim  Branch opened
 
1966
 :
 Expansion to Madhya Pradesh: Indore branch opened .
Entered in Gujarat: Baroda branch opened.
 
1969
 :
 Nationalised alongwith 13 other Banks.
Entry in Delhi by opening Karolbagh branch on 19-12-69.
 
1974
 :
 Deposit base crossed Rs. 100 Crore mark.
 
1976
 :
 Marathwada Grameena Bank, first RRB established on  26-08-1976.
 
1978
 :
 New Head Office building inaugurated by Hon'ble Prime Minister of India Shri. Morarji Desai
Deposits crossed the figure of Rs.500 Crores
 
1979
 :
 â€œMahabank Agricultural Research and Rural Development Foundation”,  registered as a public trust, was established for undertaking research and extension work and to provide more extensive services to farmers.
 
1985
 :
 500th branch in Maharashtra state was opened at the hands of the then Prime Minister, Mrs Indira Gandhi at Nariman Point, Mumbai.
First Advanced Ledger Posting Machine (ALPM) was installed at the branch.
Golden Jubilee Year Celebrations launched at the hands of Dr. Manmohan Singh, Governor Reserve Bank of India.
 
1986
 :
 Thane Grameena Bank sponsored.
 
1987
 :
 The 1000th branch of the Bank was inaugurated at Indira vasahat, Bibwewadi, Pune at the auspicious hands of Dr.Shankar Dayal Sharma, the Honourable Vice President of India.
 
1991
 :
 'Mahabank Farmer Credit Card ' was launched.
Entered in to Domestic  Credit Card Business.
Main Frame Computer installed.
Became member of the SWIFT.
 
1995
 :
 Diamond Jubilee Celebrations - Dr C Rangarajan the RBI Governor was the Chief Guest.
Deposits crossed Rs 5000 crore mark.
 
1996
 :
 Moved into “A” category from the earlier “C” category. Autonomy obtained.
 
2000
 :
 Deposits crossed Rs 10000 crore mark.
 
2004
 :
 Public Issue of Shares – 24% owned by Public.
Listed in BSE and NSE.
 
2005
 :
 Bancassurance and Mutual Fund distribution business started.
 
2006
 :
 Crossed total business level of Rs.50,000 Crore.
Branch CBS Project started.
 
2009
 :
 Entered in to 75th year of dedicated service to the Nation.
Adopted 75 underdeveloped villages for integrated overall development.
 
2010
 :
 100% CBS of branches achieved Total Business crossed Rs One lakh crore.
Opened 76 branches in the Platinum Year taking the total to 1506.
Platinum Jubilee Year concluding ceremony at the hands of the then Finance Minister, Shri Pranab Mukherjee held at Vigyan Bhavan, New Delhi.
New initiatives like Mahachetana, opening of E-lounges in Pune, Mumbai and Delhi, Micro Asset Recovery cells were implemented.
 
2011
 :
 First SHG Branch opened in Pune.
Bank sponsored Maharashtra Gramin Bank achieved 100% CBS in record 77 days.
77th anniversary of Foundation day celebrations at the hands of Honble Finance Minister, Shri Pranab Mukherjee dedicating 5 specialised branches to SHGs and opening of 5 Mid-Corporate branches on the occasion.
First ever visit of Union Finance Minister to Bank’s Central Office - Honble Finance Minister, Shri Pranab Mukherjee visits Lokmangal, the Bank’s Head quarters in Pune on 7-11-2011.
 
2012
 :
 Hon’ble Union Finance Minister Shri P Chidambaram inaugurates the Bank’s 1624th branch at Rajgambiram on 25.08.2012.
Sept 2012: Bank’s total business crossed Rs.1,50,000 cr and reached the level of Rs. 1,51,320 crore.
Bank of Maharashtra awarded “Best Banker – Customer Friendliness” for 2012 by The Sunday Standard.
Received the Dun & Bradstreet – Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”.
BoM hosted Bancon 2012 in Pune on 24th-25th November 2012. Hon’ble Union Finance Minister Shri P. Chidambaram inaugurated the Conference.
 
Awards

• Bank of Maharashtra awarded “Best Banker – Customer Friendliness” for 2012 by The Sunday Standard : 2012
• Received the Dun & Bradstreet – Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”: 2012

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719
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