Bank of Maharashtra Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

The headquarters of the state-owned public sector lender Bank of Maharashtra are located in Pune, Maharashtra. It has more branches in Maharashtra than any other publicly owned bank because of its overall employee count, which stands at role. The bank listed as MAHABANK NSE on the NSE prior to recording the fastest growth rate in the history of the national industry in terms of its deposits to collections ratio. The Bank of Maharashtra offers banking services. This includes corporate/wholesale banking, retail banking, treasury, and other forms of banking.

Bank of Maharashtra Share Price Target 2024-2030

One of India’s oldest and best public sector banks, Bank of Maharashtra (BOM) provides financial services to tens of thousands of customers across the United States. The business has garnered significant interest from customers as it continues to expand its services and improve its financial normal performance. This comprehensive analysis examines a variety of factors that may have an impact on Bank of Maharashtra’s stock average ordinary overall performance, as well as the anticipated percentage charge objectives for the company from 2024 to 2030.

Bank of Maharashtra Business Profile

The bank provides bancassurance for life and non-life risks as an insurance agent. Senior citizen savings, the Mahabank gold loan program, the Suraksha payroll program, and the Pradhan Mantri Mudra Yojana are just a few examples. It also has accounts for non-residents and the Pradhan Mantra Awas Yojana.

• Branch Network: The majority (33 percent) of the bank’s 2029 branches and 1,850 ATMs are located in rural areas across India.
• Loan Book: Retail makes up 26% of the loan book, followed by MSME at 19%, agriculture at 16%, and corporate and other at 39%.
• Exposure: Agriculture has the most exposure, at 15.1%, followed by housing at 14%, infrastructure at 11%, trade at 8.6%, NBFC at 4.4%, professional services at 4.4%, and HFCs at 3.5 percent. Other industries account for the remaining 38.3% of all sectoral credits.
• METCO: METCO is a bank-owned company that offers services that complement those offered by banks. These services include will advice and drafting, financial transactions, child asset management, property sales and purchase consultations, and so on.

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Bank of Maharashtra Share Price Target Today Update

• The appointment of AS Rajeev, the Managing Director and Chief Executive Officer of Bank of Maharashtra, as the Central Vigilance Commissioner was announced by the Department of Financial Services.
• Leaving PSU aside, the Bank of Maharashtra performed the best, increasing deposit collection by 17.89% during the third quarter.
• In terms of deposits collection, only State Bank of India and Bank of Maharashtra have achieved a 12.84 percent double-digit growth rate.
• In Gujarat, two new branches were opened, and Mr. has pledged to increase the PSU bank’s business by 66%.
• The shares of Bank of Maharastra rose on the stock market as a result of this information.
• In the first full week of February 2024, the bank of Maharashtra has announced that it will raise its Marginal Cost of Funds Based Lending Rate (MCLR) by ten basis points across the board.

Market Dynamics & Growth Drivers

As a result of initiatives like virtual transformation, financial inclusion projects, and the COVID-19 outbreak, the Indian banking sector is poised for significant expansion. With its large customer base and extensive product offering, Bank of Maharashtra is well-positioned to capitalize on these tendencies. In the coming years, the financial institution’s interest in increasing asset quality, virtual capabilities, and customer base may be key drivers of its growth.

• MARKET CAP:₹43.85Cr
• OPEN: ₹62.85
• HIGH: ₹62.99
• LOW: ₹61.60
• P/E RATIO: 9.78
• DIVIDEND YIELD: 2.26
• 52 WEEK HIGH: ₹73.50
• 52 WEEK LOW: ₹36.10

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 %

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%

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%

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

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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

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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

Points to Consider Before Investing in Bank

• Over the past five years, the financials of the Bank of Maharashtra have been moving in a positive direction. MahaBank Revenue will rise from Rs 10,850 billion in 2019 to Rs 15,899 billion in 2023 as a result of this expansion.
• In addition to revenue, Bank of Maharashtra’s profits have significantly increased over time, going from a loss in 2019 to a profit of Rs 584 million in 2023.
• Profit before taxes for the Bank of Maharashtra has also gone up, from Rs -4,763 crore in 2019 to Rs 2,605 crore in 2023.
• The 0% assessment rate has helped BOM over the most recent five years in further developing its net benefit development from Rs – 4,763 cr to Rs 2,605 cr.
• In 2019, the Bank of Maharashtra’s earnings per share (EPS) increased to Rs 3.87 from Rs -17.30.

Final Words

From 2024 to 2030, Bank of Maharashtra’s percentage charge goals reflect the company’s ability to capitalize on the expanding demand for banking services. Bank of Maharashtra is well-positioned to achieve significant milestones in the coming years due to its focus on innovation, sustainability, and strategic growth. Investors seeking to participate in the banking sector’s growth should carefully monitor Bank of Maharashtra’s development and keep in mind the promising financial group’s long-term growth opportunities.