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BANK OF MAHARASHTRA vs CANARA BANK - Comparison Results

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Current Valuations

    BANK OF MAHARASHTRA CANARA BANK BANK OF MAHARASHTRA/
CANARA BANK
 
P/E (TTM) x 8.4 5.6 148.3% View Chart
P/BV x 2.0 1.0 214.7% View Chart
Dividend Yield % 2.6 3.3 79.6%  

Financials

 BANK OF MAHARASHTRA   CANARA BANK
EQUITY SHARE DATA
    BANK OF MAHARASHTRA
Mar-24
CANARA BANK
Mar-24
BANK OF MAHARASHTRA/
CANARA BANK
5-Yr Chart
Click to enlarge
High Rs70121 57.8%   
Low Rs2556 43.9%   
Income per share (Unadj.) Rs28.9609.2 4.8%  
Earnings per share (Unadj.) Rs5.784.2 6.8%  
Cash flow per share (Unadj.) Rs7.4236.5 3.1%  
Dividends per share (Unadj.) Rs1.403.22 43.5%  
Avg Dividend yield %3.03.6 81.5%  
Book value per share (Unadj.) Rs28.1507.9 5.5%  
Shares outstanding (eoy) m7,081.371,814.13 390.3%   
Bonus / Rights / Conversions 00-  
Avg Price / Income ratio x1.60.1 1,123.3%   
Avg P/E ratio x8.21.1 781.6%  
Avg P/CF ratio x4.20.5 784.3%  
Avg Price/Bookvalue ratio x1.70.2 965.8%  
Dividend payout %24.33.8 636.8%   
Avg Mkt Cap Rs m335,338160,986 208.3%   
No. of employees `000NANA-   
Total wages & salary Rs m28,378171,123 16.6%   
Avg. income/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Interest income Rs m204,9481,105,188 18.5%  
Other income Rs m29,986286,462 10.5%   
Interest expense Rs m106,718721,176 14.8%   
Net interest income Rs m98,230384,012 25.6%  
Operating expense Rs m48,152373,369 12.9%   
Gross profit Rs m50,07810,643 470.5%  
Gross profit margin %24.41.0 2,537.3%  
Provisions/contingencies Rs m39,506149,281 26.5%   
Profit before tax Rs m43,603199,996 21.8%   
Extraordinary Inc (Exp) Rs m00-   
Minority Interest Rs m0-1,224 -0.0%   
Prior Period Items Rs m1596,186 2.6%   
Tax Rs m3,04452,172 5.8%   
Profit after tax Rs m40,718152,786 26.7%  
Net profit margin %19.913.8 143.7%  
BALANCE SHEET DATA
Advances Rs m2,002,3999,317,866 21.5%   
Deposits Rs m2,707,26413,122,425 20.6%  
Credit/Deposit ratio x74.071.0 104.2%  
Yield on advances %7.98.4 94.2%   
Cost of deposits %3.75.1 73.4%   
Net Interest Margin %3.72.9 126.7%  
Net fixed assets Rs m21,999123,304 17.8%   
Share capital Rs m70,81418,141 390.3%   
Free reserves Rs m127,892903,191 14.2%   
Net worth Rs m198,706921,332 21.6%   
Borrowings Rs m77,189575,376 13.4%   
Investments Rs m684,6473,992,070 17.2%   
Total assets Rs m3,073,29015,350,176 20.0%  
Debt/equity ratio x14.014.9 94.3%   
Return on assets %1.31.0 133.1%  
Return on equity %20.516.6 123.6%  
Capital adequacy ratio %17.416.3 106.8%  
Net NPAs %0.21.3 15.7%  
CASH FLOW
From Operations Rs m115,809150,465 77.0%  
From Investments Rs m-2,595-17,480 14.8%  
From Financial Activity Rs m4,614-38,345 -12.0%  
Net Cashflow Rs m117,82894,619 124.5%  

Share Holding

Indian Promoters % 86.5 62.9 137.4%  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 5.7 22.9 25.0%  
FIIs % 1.3 11.2 11.2%  
ADR/GDR % 0.0 0.0 -  
Free float % 13.5 37.1 36.5%  
Shareholders   948,432 1,639,363 57.9%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare BANK OF MAHARASHTRA With:   HDFC BANK    AXIS BANK    SBI    ICICI BANK    KOTAK MAHINDRA BANK    


More on Bank of Maharashtra vs Canara Bank

No comparison is complete without understanding how the stock prices have performed over a period of time.

Here's a brief comparison:

Bank of Maharashtra vs Canara Bank Share Price Performance

Period Bank of Maharashtra Canara Bank S&P BSE BANKEX
1-Day 3.22% 2.59% 1.61%
1-Month 7.82% 0.10% -0.07%
1-Year 21.03% 22.85% 18.92%
3-Year CAGR 40.10% 31.74% 11.26%
5-Year CAGR 33.40% 16.98% 10.62%

* Compound Annual Growth Rate

Here are more details on the Bank of Maharashtra share price and the Canara Bank share price.

Moving on to shareholding structures...

The promoters of Bank of Maharashtra hold a 86.5% stake in the company. In case of Canara Bank the stake stands at 62.9%.

To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Bank of Maharashtra and the shareholding pattern of Canara Bank.

Finally, a word on dividends...

In the most recent financial year, Bank of Maharashtra paid a dividend of Rs 1.4 per share. This amounted to a Dividend Payout ratio of 24.3%.

Canara Bank paid Rs 3.2, and its dividend payout ratio stood at 3.8%.

You may visit here to review the dividend history of Bank of Maharashtra, and the dividend history of Canara Bank.

For a sector overview, read our banking sector report.



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