One of India’s first public sector banks, Bank of Maharashtra Ltd, was founded in 1935. The bank operates nationwide through a network of more than 1,800 branches, with its headquarters located in Pune, Maharashtra. Bank of Maharashtra has become a dominant force in the Indian banking sector by putting a strong emphasis on client happiness and innovation.
The bank has broadened its portfolio over time to include a variety of financial products and services that meet the demands of various customer categories. Bank of Maharashtra, as a public sector bank, offers a range of banking products and capital market services to cater to the needs of its customers.They include, among others, treasury operations, corporate banking, international banking, and personal banking.
Bank of Maharashtra has consistently shown perseverance and has effectively navigated through challenging times, despite suffering obstacles in the past.
BANK OF MAHARASHTRA IN RECENT NEWS
- Experian India and Bank of Maharashtra collaborate for credit portfolio management.
- Loan growth and asset quality propel Bank of Maharashtra to the top of public sector lender rankings.
- Bank of Maharashtra increases FD rates by up to 7% for a special tenor of 200 days.
Bank of Maharashtra expects up to 25% credit growth in FY24
BOM SHARE PRICE TARGET 2023
|BOM SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
Bank of Maharashtra’s share price target for 2023 appears to be on an upward trend. Despite the fluctuations, the overall picture shows a bullish growth for the stock. The maximum price predicted for the stock in December 2023 is ₹35.62, which represents an impressive growth percentage from the minimum price of ₹24.24 seen in october 2023. The stock price is predicted to continue rising steadily in the following months after june, with the maximum price being achieved in December 2023.
Investors looking for a long-term investment opportunity may find Bank of Maharashtra a potentially profitable choice, given the predicted upward trend in share price. However, as with any investment, it is essential to conduct thorough research and analysis before making any investment decisions. Factors such as market trends, global economic conditions, and company-specific events can all impact a stock’s performance, so it is crucial to keep a close eye on the market and adjust strategies accordingly.
BOM SHARE PRICE TARGET 2024
|BOM SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The Bank of Maharashtra’s share price target for 2024 appears to be positive, with a significant growth potential. The maximum price predicted for the stock in December 2024 is ₹49.87, which is a considerable increase from the minimum price of ₹25.84 seen in May 2024. Moreover, the stock price is predicted to continue its upward trend throughout the year, reaching its maximum value in November 2024, with a predicted share price of ₹48.89.
The Bank of Maharashtra’s positive outlook for 2024 can be attributed to a variety of factors, including favorable market conditions and the company’s overall financial performance. However, it is important to note that unforeseen events can also impact the stock’s performance, making it important for investors to monitor market trends and adjust their strategies accordingly.
BOM SHARE PRICE TARGET 2025
|BOM SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Looking at the data presented in the table, it appears that Bank of Maharashtra’s share price target for 2025 is positive, with the stock continuing its upward trend from the previous year. The maximum price predicted for the stock in December 2025 is ₹60.49, which is a considerable increase from the minimum price of ₹35.10 seen in May 2025. Moreover, the stock price is predicted to continue its upward trend throughout the year, reaching its maximum value in November 2025, with a predicted share price of ₹59.31.
The positive outlook for Bank of Maharashtra’s stock in 2025 can be attributed to various factors, including favorable market conditions, the company’s financial performance, and potential growth opportunities. The bank has been making consistent efforts to strengthen its financials, including reducing its non-performing assets and increasing its provision coverage ratio. Additionally, the government’s push for increased financial inclusion in the country is expected to create significant growth opportunities for the banking sector, including Bank of Maharashtra.
BOM SHARE PRICE TARGET 2026 TO 2030
|BOM SHARE PRICE TARGET||Maximum Price||Minimum Price|
In 2026, the bank’s shares are expected to have a maximum target price of ₹42.35 and a minimum target price of ₹29.64. In 2027, the share price targets are forecasted to be a maximum of ₹35.99 and a minimum of ₹25.20. However, in 2028, the Bank of Maharashtra shares are expected to experience a bullish trend with a maximum target price of ₹64.79 and a minimum target price of ₹45.35. This trend is expected to continue in 2029, with a maximum target price of ₹133.09 and a minimum target price of ₹93.16.
Finally, in 2030, the bank’s shares are expected to have a maximum target price of ₹148.21 and a minimum target price of ₹103.75. The data suggests that the Bank of Maharashtra may see significant growth over the next few years, with a strong uptrend predicted for 2028 to 2030. However, investors should always be cautious when making investment decisions, as stock prices can be unpredictable and subject to market volatility.
FINANCIAL STRENGTH OF BOM (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||8.12||10.26||6.03||-1.88||-7.00|
|Provisions & Contingencies||3,696.54||3,407.66||2,458.75||6,981.83||3,337.30|
|Provisions & Contingencies Growth (%)||8.48||38.59||-64.78||109.21||4.30|
|Profit after Tax (PAT)||1,153.43||571.46||398.84||-4,763.25||-1,112.03|
|PAT Growth (%)||108.85||41.63||–||–||–|
|Net Interest Margin (%)||2.61||2.48||2.53||2.26||2.16|
|Net Profit Margin (%)||8.85||4.81||3.46||-43.90||-10.02|
|Basic EPS (₹)||1.73||0.91||0.69||-17.30||-4.27|
Bank of Maharashtra has shown a steady growth in its total income over the last five years, with a maximum of ₹15,672.17 crores in FY 2022 and a minimum of ₹12,398.11 crores in FY 2019. The total income growth percentage has also been positive, with a high of 10.26% in FY 2021 and a low of -7.00% in FY 2018.
However, the bank has also had to make provisions and contingencies, with the highest being ₹6,981.83 crores in FY 2019, and the lowest being ₹2,458.75 crores in FY 2020. The profit after tax (PAT) has shown a positive trend, with a maximum of ₹1,153.43 crores in FY 2022 and a minimum of -₹4,763.25 crores in FY 2019.
The PAT growth percentage has also been impressive, with a high of 108.85% in FY 2022 and 41.63% in FY 2021. The net interest margin (NIM) has been consistent over the years, with a maximum of 2.61% in FY 2022 and a minimum of 2.16% in FY 2018. The net profit margin (NPM) has improved over the years, with a maximum of 8.85% in FY 2022 and a minimum of -43.90% in FY 2019. The basic earnings per share (EPS) has also improved over the years, with a maximum of ₹1.73 in FY 2022 and a minimum of -₹17.30 in FY 2019.
What is Bank of Maharashtra?
Bank of Maharashtra, headquartered in Pune, is an Indian public sector bank that boasted a customer base of 29 million nationwide and a branch network comprising 2,022 branches as of March 2022.
The current share price of Bank of Maharashtra in 2030 is Rs. 148.21
How has Bank of Maharashtra performed financially in the last five years?
Bank of Maharashtra has seen fluctuations in its financial performance in the last five years. The bank’s total income and profit after tax have shown a growth trend, while provisions and contingencies have seen both growth and decline. The bank’s net interest margin and net profit margin have also varied over the years.
CONCLUSION: BANK OF MAHARASHTRA
Based on the financial statement of Bank of Maharashtra from the last five years, it is evident that the bank has witnessed fluctuations in its income growth, PAT, and provisions & contingencies. The bank’s total income, revenue growth, and profit growth have been inconsistent over the years. Although the bank has shown a significant improvement in its PAT growth in FY 2022, the past years’ negative growth cannot be ignored.
It is also noteworthy that the bank has reported a negative profit in FY 2019. However, the bank’s net interest margin has been consistently increasing over the years, indicating its profitability in lending operations. Considering the fluctuations in the bank’s financial performance, it would be advisable for investors to analyze the bank’s growth potential and financial position before investing in Bank of Maharashtra’s shares.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.