Bank of Maharashtra Stock Price Analysis and Quick Research Report. Is Bank of Maharashtra an attractive stock to invest in?

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Let’s look at how Bank of Maharashtra is performing and if it is the right time to buy the stock of Bank of Maharashtra with detailed analysis. Bank of Maharashtra stock price today is Rs 54.30.

•  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Bank of Maharashtra has earned Rs 24,947.45 Cr. revenue in the latest financial year. Bank of Maharashtra has posted outstanding revenue growth of 24.21 % in last 3 Years.

• In terms of advances, Bank of Maharashtra reported 17.90 % YOY,  rise . If you see 3 years advance growth, it stands at 21.64 %.

• Currently, Bank of Maharashtra has a CASA ratio of 53.28 %. It’s overall cost of liability stands at 4.01 %. Also, the total deposits from these accounts stood at Rs 3,07,142.61 Cr.

• Bank of Maharashtra has a healthy ROA track record. The ROA of Bank of Maharashtra is at 1.63 %.

• The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA of Bank of Maharashtra stood at 1.74 % and 0.18 % respectively as on the latest financial year.

• One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -1.35 % which means it has decreased from the previous year.

• Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Bank of Maharashtra surged and is currently at Rs 3,454.17 Cr.

• Bank of Maharashtra has a Good Capital Adequacy Ratio of 20.53 .

• The best metric which provides insights about bank’s valuation is P/B ratio. Currently Bank of Maharashtra is trading at a P/B of 1.57 . The historical average PB was 1.42.

• Share Price: - The current share price of Bank of Maharashtra is Rs 54.30. One can use valuation calculators of ticker to know if Bank of Maharashtra share price is undervalued or overvalued.