Stock Performance and Market Context
On 18 Feb 2026, Bank of Maharashtra’s shares reached Rs.68.62, marking the highest price level in the last 52 weeks. This new peak comes amid a three-day consecutive gain, during which the stock has appreciated by 4.28%. Today’s performance also outpaced the public sector banking sector by 0.47%, signalling relative strength in a mixed market environment.
The broader market, represented by the Sensex, opened positively but slipped into negative territory, closing down 0.23% at 83,255.51 points. Despite the Sensex trading below its 50-day moving average, Bank of Maharashtra’s stock is trading comfortably above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting sustained upward momentum.
Over the past year, Bank of Maharashtra has delivered a remarkable return of 39.82%, substantially outperforming the Sensex’s 9.57% gain during the same period. The stock’s 52-week low was Rs.38.11, emphasising the significant recovery and growth trajectory it has experienced.
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Financial Strength and Growth Drivers
Bank of Maharashtra’s recent rally is supported by strong fundamental metrics and consistent financial performance. The bank reported a compound annual growth rate (CAGR) of 71.13% in net profits, reflecting robust profitability expansion over the long term. Net interest income, excluding other income, has grown at an annual rate of 21.57%, while operating profit increased by 6.27% in the latest quarter ending December 2025.
The bank has declared positive results for 21 consecutive quarters, underscoring its steady operational performance. Key quarterly figures include a record interest earned of Rs.7,344.20 crore and a highest-ever profit after tax (PAT) of Rs.1,779.33 crore. The credit-deposit ratio stands at a healthy 83.79%, indicating efficient utilisation of deposits for lending activities.
Asset quality remains strong with a low gross non-performing asset (NPA) ratio of 1.60%, supporting the bank’s creditworthiness and risk management. Return on assets (ROA) is reported at 1.7%, reflecting effective asset utilisation and profitability. The stock’s price-to-book value ratio is 1.6, suggesting an attractive valuation relative to its peers, with the stock trading at a discount compared to average historical valuations in the sector.
Additionally, Bank of Maharashtra offers a high dividend yield of 3.72% at the current price, providing income alongside capital appreciation for shareholders.
Institutional Participation and Market Recognition
Institutional investors have increased their stake in Bank of Maharashtra by 5.02% over the previous quarter, now collectively holding 17.42% of the company’s shares. This growing institutional interest reflects confidence in the bank’s fundamentals and long-term prospects.
MarketsMojo rates Bank of Maharashtra with a Mojo Score of 87.0, upgrading its grade from Buy to Strong Buy on 6 Feb 2026. The stock ranks among the top 1% of all 4,000 stocks analysed by MarketsMojo, positioned second among mid-cap stocks and fifth across the entire market. This rating reflects the bank’s strong financial health, growth trajectory, and valuation appeal.
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Long-Term Market Outperformance
Bank of Maharashtra’s stock has demonstrated market-beating performance not only over the past year but also in the longer term. Alongside the 39.82% return in the last 12 months, the stock has outperformed the BSE500 index over the last three years, one year, and three months. This consistent outperformance highlights the bank’s ability to generate shareholder value through sustained earnings growth and operational efficiency.
The company’s price-to-earnings-to-growth (PEG) ratio stands at a low 0.3, indicating that the stock’s price growth is well supported by its earnings growth, making it an attractive proposition within the public sector banking space.
Despite the broader market’s recent volatility, Bank of Maharashtra’s share price momentum remains strong, supported by solid fundamentals and positive quarterly results. The stock’s ability to maintain gains above all key moving averages further reinforces its upward trend.
Summary of Key Metrics
To summarise, Bank of Maharashtra’s key performance indicators as of 18 Feb 2026 include:
- New 52-week high price: Rs.68.62
- Yearly return: 39.82%
- Gross NPA ratio: 1.60%
- Net profit CAGR: 71.13%
- Net interest income growth: 21.57% annually
- Operating profit growth: 6.27% (latest quarter)
- Credit-deposit ratio: 83.79%
- Interest earned (quarterly): Rs.7,344.20 crore
- Profit after tax (quarterly): Rs.1,779.33 crore
- Return on assets: 1.7%
- Price to book value: 1.6
- Dividend yield: 3.72%
- Institutional holding: 17.42%
- Mojo Score: 87.0 (Strong Buy)
These figures collectively illustrate the bank’s strong financial health, operational efficiency, and market recognition, which have contributed to the recent surge in its share price.
Conclusion
Bank of Maharashtra’s achievement of a new 52-week high at Rs.68.62 is a testament to its sustained growth, solid fundamentals, and favourable market positioning within the public sector banking industry. The stock’s consistent upward momentum, supported by strong earnings growth and attractive valuation metrics, has enabled it to outperform both sector peers and broader market indices over the past year. Institutional investor participation and positive ratings upgrades further reinforce the bank’s standing as a significant player in the mid-cap banking segment.
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