Bank of Maharashtra (MAHABANK) - Net Assets

Latest as of March 2026: Rs332.25 Billion INR ≈ $3.59 Billion USD

Based on the latest financial reports, Bank of Maharashtra (MAHABANK) has net assets worth Rs332.25 Billion INR (≈ $3.59 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.27 Trillion ≈ $46.23 Billion USD) and total liabilities (Rs3.94 Trillion ≈ $42.64 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Bank of Maharashtra (MAHABANK) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs332.25 Billion
% of Total Assets	7.77%
Annual Growth Rate	17.17%
5-Year Change	136.27%
10-Year Change	344.84%
Growth Volatility	24.15

Bank of Maharashtra - Net Assets Trend (2005–2026)

This chart illustrates how Bank of Maharashtra's net assets have evolved over time, based on quarterly financial data. See MAHABANK defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Bank of Maharashtra (2005–2026)

The table below shows the annual net assets of Bank of Maharashtra from 2005 to 2026. For live valuation and market cap data, see how much is Bank of Maharashtra worth.

Year	Net Assets	Change
2026-03-31	Rs332.25 Billion ≈ $3.59 Billion	+15.73%
2025-03-31	Rs287.08 Billion ≈ $3.10 Billion	+44.47%
2024-03-31	Rs198.71 Billion ≈ $2.15 Billion	+25.84%
2023-03-31	Rs157.90 Billion ≈ $1.71 Billion	+12.29%
2022-03-31	Rs140.62 Billion ≈ $1.52 Billion	+14.25%
2021-03-31	Rs123.08 Billion ≈ $1.33 Billion	+12.83%
2020-03-31	Rs109.09 Billion ≈ $1.18 Billion	+85.43%
2019-03-31	Rs58.83 Billion ≈ $636.23 Million	-41.56%
2018-03-31	Rs100.67 Billion ≈ $1.09 Billion	+34.78%
2017-03-31	Rs74.69 Billion ≈ $807.73 Million	-15.70%
2016-03-31	Rs88.60 Billion ≈ $958.19 Million	+9.08%
2015-03-31	Rs81.23 Billion ≈ $878.45 Million	+9.62%
2014-03-31	Rs74.10 Billion ≈ $801.33 Million	+15.31%
2013-03-31	Rs64.26 Billion ≈ $694.93 Million	+35.51%
2012-03-31	Rs47.42 Billion ≈ $512.83 Million	+19.02%
2011-03-31	Rs39.84 Billion ≈ $430.89 Million	+38.95%
2010-03-31	Rs28.67 Billion ≈ $310.09 Million	+13.51%
2009-03-31	Rs25.26 Billion ≈ $273.18 Million	+41.21%
2008-03-31	Rs17.89 Billion ≈ $193.45 Million	+2.35%
2007-03-31	Rs17.48 Billion ≈ $189.01 Million	+10.83%
2006-03-31	Rs15.77 Billion ≈ $170.54 Million	+32.19%
2005-03-31	Rs11.93 Billion ≈ $129.02 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Bank of Maharashtra's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 28594.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs93.10 Billion	28.02%
Common Stock	Rs76.92 Billion	23.15%
Other Components	Rs162.23 Billion	48.83%
Total Equity	Rs332.25 Billion	100.00%

Bank of Maharashtra Competitors by Market Cap

The table below lists competitors of Bank of Maharashtra ranked by their market capitalization.

Company	Market Cap
AURUBIS AG UNSP.ADR 1/2 F:NDA1	$7.45 Billion
Chifeng Jilong Gold Mining Co Ltd SHG:600988	$7.45 Billion
Jackson Financial Inc NYSE:JXN	$7.45 Billion
CAR Group Ltd AU:CAR	$7.45 Billion
Public Power Corporation S.A. AT:PPC	$7.44 Billion
Beijing Huafeng Test & Control Technology Co Ltd SHG:688200	$7.44 Billion
Beijing Jingneng Power Co Ltd SHG:600578	$7.44 Billion
Repligen Corporation NASDAQ:RGEN	$7.43 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bank of Maharashtra's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 287,079,800,000 to 332,246,400,000, a change of 45,166,600,000 (15.7%).
Net income of 70,168,600,000 contributed positively to equity growth.
Dividend payments of 19,228,900,000 reduced retained earnings.
Other comprehensive income decreased equity by 107,712,343,000.
Other factors increased equity by 101,939,243,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs70.17 Billion	+21.12%
Dividends Paid	Rs19.23 Billion	-5.79%
Other Comprehensive Income	Rs-107.71 Billion	-32.42%
Other Changes	Rs101.94 Billion	+30.68%
Total Change	Rs-	15.73%

Book Value vs Market Value Analysis

This analysis compares Bank of Maharashtra's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.07x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 43.79x to 2.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs2.04	Rs89.50	x
2006-03-31	Rs2.70	Rs89.50	x
2007-03-31	Rs2.99	Rs89.50	x
2008-03-31	Rs3.06	Rs89.50	x
2009-03-31	Rs4.33	Rs89.50	x
2010-03-31	Rs4.91	Rs89.50	x
2011-03-31	Rs6.83	Rs89.50	x
2012-03-31	Rs8.12	Rs89.50	x
2013-03-31	Rs11.01	Rs89.50	x
2014-03-31	Rs12.69	Rs89.50	x
2015-03-31	Rs13.92	Rs89.50	x
2016-03-31	Rs79.70	Rs89.50	x
2017-03-31	Rs63.93	Rs89.50	x
2018-03-31	Rs78.93	Rs89.50	x
2019-03-31	Rs17.53	Rs89.50	x
2020-03-31	Rs18.76	Rs89.50	x
2021-03-31	Rs19.67	Rs89.50	x
2022-03-31	Rs21.05	Rs89.50	x
2023-03-31	Rs23.46	Rs89.50	x
2024-03-31	Rs28.31	Rs89.50	x
2025-03-31	Rs38.90	Rs89.50	x
2026-03-31	Rs43.18	Rs89.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bank of Maharashtra utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 21.12%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.38%
• Asset Turnover: 0.08x
• Equity Multiplier: 12.87x
Recent ROE (21.12%) is above the historical average (4.92%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	14.96%	6.58%	0.08x	27.58x	Rs591.66 Million
2006	3.32%	2.12%	0.08x	19.80x	Rs-1.05 Billion
2007	15.61%	9.53%	0.07x	22.32x	Rs981.19 Million
2008	18.44%	8.80%	0.08x	26.92x	Rs1.51 Billion
2009	14.91%	7.96%	0.08x	23.37x	Rs1.24 Billion
2010	15.33%	8.58%	0.07x	24.78x	Rs1.53 Billion
2011	8.40%	5.49%	0.08x	19.19x	Rs-636.29 Million
2012	9.21%	5.58%	0.09x	18.57x	Rs-373.89 Million
2013	11.97%	7.28%	0.09x	18.20x	Rs1.27 Billion
2014	5.38%	3.11%	0.09x	18.40x	Rs-3.42 Billion
2015	5.72%	3.38%	0.09x	17.98x	Rs-3.48 Billion
2016	1.33%	0.84%	0.09x	18.17x	Rs-7.68 Billion
2017	-18.16%	-9.95%	0.09x	21.34x	Rs-21.03 Billion
2018	-11.05%	-8.79%	0.08x	15.54x	Rs-21.19 Billion
2019	-80.97%	-38.10%	0.08x	27.99x	Rs-53.52 Billion
2020	3.66%	3.01%	0.08x	15.49x	Rs-6.92 Billion
2021	4.64%	3.90%	0.07x	15.99x	Rs-6.59 Billion
2022	8.20%	7.61%	0.07x	16.41x	Rs-2.53 Billion
2023	16.50%	14.16%	0.07x	16.96x	Rs10.26 Billion
2024	20.49%	17.97%	0.07x	15.47x	Rs20.85 Billion
2025	19.30%	20.49%	0.07x	12.87x	Rs26.71 Billion
2026	21.12%	21.38%	0.08x	12.87x	Rs36.94 Billion

Industry Comparison

This section compares Bank of Maharashtra's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $105,668,636,200
Average return on equity (ROE) among peers: 7.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bank of Maharashtra (MAHABANK)	Rs332.25 Billion	14.96%	11.87x	$7.44 Billion
AU Small Finance Bank Limited (AUBANK)	$7.66 Billion	18.19%	4.19x	$8.30 Billion
Bandhan Bank Limited (BANDHANBNK)	$44.46 Billion	25.01%	5.80x	$3.73 Billion
Bank of Baroda (BANKBARODA)	$218.99 Billion	20.25%	15.72x	$15.83 Billion
Bank of India (BANKINDIA)	$369.16 Billion	-16.15%	15.66x	$7.27 Billion
Canara Bank (CANBK)	$328.59 Billion	-7.93%	16.16x	$13.24 Billion
Capital Small Finance Bank Limited (CAPITALSFB)	$2.50 Billion	7.76%	16.26x	$142.52 Million
Central Bank of India (CENTRALBK)	$18.68 Billion	17.14%	29.40x	$3.24 Billion
CSB Bank Limited (CSBBANK)	$9.74 Billion	-20.27%	15.89x	$673.57 Million
City Union Bank Limited (CUB)	$16.41 Billion	19.63%	13.00x	$1.59 Billion
DCB Bank Limited (DCBBANK)	$40.49 Billion	7.10%	10.07x	$647.71 Million

About Bank of Maharashtra

NSE:MAHABANK India Banks - Regional

Market Cap

$7.44 Billion

Rs688.39 Billion INR

Market Cap Rank

#2798 Global

#118 in India

Share Price

Rs89.50

Change (1 day)

-0.71%

52-Week Range

Rs51.95 - Rs90.14

All Time High

Rs90.14