Bank of Maharashtra Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook
- October 9, 2026
- Posted by: Harsh Piplani
- Category: Market
CMP Rs 82.55 (9 Oct 2026). 52W range Rs 54.66 to Rs 94.50. PE 8.37. 2027 base Rs 99.1, bull Rs 119.
Quick Answer
The Bank of Maharashtra share price forecast for 2027 centres on a conservative case of Rs 94.9, a base case of Rs 99.1 and a bull case of Rs 119, against a current price of Rs 82.55. These targets scale today’s price by reported EPS growth at a constant PE multiple, so they rest on earnings the company has already delivered, not on broker forecasts. The base case implies 20.0% upside from today’s price. The daily technical setup reads bullish.
Bank of Maharashtra share price prediction 2027 comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 82.55 on NSE as of 9 October 2026, 12.6% below its 52-week high of Rs 94.50, after the company reported net profit of Rs 7,016.86 crore for FY26.
This Bank of Maharashtra stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.
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Bank of Maharashtra Share Price Today and Key Data
The Bank of Maharashtra share price today is Rs 82.55 on NSE, up 0.61% on the day. The market capitalisation stands at Rs 63,109 crore. Over the past year the price has risen 45.9% from Rs 56.59. Every Bank of Maharashtra stock forecast figure below starts from this price.
| Metric | Value |
|---|---|
| Company | Bank of Maharashtra (MAHABANK) |
| Current Price | Rs 82.55 |
| 52-Week High | Rs 94.50 (29 June 2026) |
| 52-Week Low | Rs 54.66 (14 October 2025) |
| Market Cap | Rs 63,109 crore |
| PE Ratio | 8.37 |
| Industry PE | 12.00 |
| PB Ratio | 1.86 |
| EPS (TTM) | Rs 9.80 |
| Return on Equity | 22.24% |
| Dividend Yield | 1.46% |
| Book Value per Share | Rs 44.04 |
What Is the Bank of Maharashtra Share Price Prediction for 2027?
The Bank of Maharashtra share price prediction for 2027 is a conservative case of Rs 94.9, a base case of Rs 99.1 and a bull case of Rs 119. Against Rs 82.55, these imply 15.0% upside, 20.0% upside and 44.2% upside. They are model scenarios built from reported EPS growth, not broker targets.
| Scenario | EPS Growth Basis | EPS Estimate | PE Multiple | Implied Value | Upside vs Current Price |
|---|---|---|---|---|---|
| Conservative Case | Lower of FY26 growth (21.4%) and 4-year CAGR (51.5%) (capped at 15%) | Rs 11.27 (+15.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 94.9 | +15.0% |
| Base Case | Average of the two (capped at 20%) | Rs 11.76 (+20.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 99.1 | +20.0% |
| Bull Case | Higher of the two (capped at 25%) | Rs 12.25 (+25.0%) | Re-rated 15.0% toward industry PE of 12.00 (still at or below it) | Rs 119 | +44.2% |
Each target takes today’s price of Rs 82.55 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. The bull case also re-rates the PE multiple toward the industry level, because the stock trades below it. Together they form the Bank of Maharashtra target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.
Bank of Maharashtra Share Price Forecast: What Has to Go Right by 2027
Each Bank of Maharashtra target price below depends on a specific EPS outcome, and the text states that outcome next to the number.
Conservative Case for the Bank of Maharashtra Share Price Target: Rs 94.9
Reaching Rs 94.9 needs EPS to rise 15.0% to Rs 11.27 while the stock keeps its current PE multiple. That follows the slower 4-year EPS CAGR of 51.5%.
Base Case for the Bank of Maharashtra Share Price Target: Rs 99.1
Reaching Rs 99.1 needs EPS to rise 20.0% to Rs 11.76, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 26.8% in Q1 FY27 is at or above that pace, which supports the target.
Bull Case for the Bank of Maharashtra Share Price Target: Rs 119
Reaching Rs 119 needs EPS to rise 25.0% to Rs 12.25 and the PE multiple to re-rate 15.0% toward the industry PE. That is above the 52-week high of Rs 94.50, so it would need a fresh breakout. A daily close above the nearest resistance level of Rs 94.50 (52-week high) would be the first technical confirmation.
Bank of Maharashtra Financial Performance: Revenue, Profit and Margins
Bank of Maharashtra earned net profit of Rs 7,016.86 crore on revenue of Rs 32,823.72 crore in FY26, with profit up 26.6% and revenue up 15.6% compared with FY25. Diluted EPS was Rs 9.12 against Rs 7.51 a year earlier, and that earnings base anchors the Bank of Maharashtra share price forecast.
| Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Operating Margin | Net Margin |
|---|---|---|---|---|---|
| FY22 | 15,672.17 | 1,153.43 | 1.73 | 64.49% | 7.36% |
| FY23 | 18,179.53 | 2,605.00 | 3.87 | 74.64% | 14.33% |
| FY24 | 23,493.44 | 4,071.78 | 5.80 | 73.03% | 17.33% |
| FY25 | 28,402.61 | 5,541.78 | 7.51 | 77.43% | 19.51% |
| FY26 | 32,823.72 | 7,016.86 | 9.12 | 81.33% | 21.38% |
In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 9,063.53 crore against Rs 7,879.18 crore a year earlier (+15.0%), and the bottom line was a net profit of Rs 2,020.54 crore against a net profit of Rs 1,593.09 crore (+26.8%). Operating margin was 81.42% versus 77.47% in the year-ago quarter. Cash flow from operations was Rs -11,336.03 crore in FY26 against Rs 7,627.84 crore in FY25. Together these figures set the earnings base for the Bank of Maharashtra share price prediction.
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Is Bank of Maharashtra Overvalued or Undervalued Right Now?
Bank of Maharashtra trades at a PE of 8.37 against an industry PE of 12.00, which places the stock at a 30.3% discount to the industry average. The price-to-book ratio is 1.86 on a book value of Rs 44.04 per share. Return on equity of 22.24% means the company earns Rs 22.24 of profit for every Rs 100 of shareholder equity.
The company declared a dividend of Rs 1.20 per share for FY26, a yield of 1.46% at the current price. This valuation context frames the Bank of Maharashtra stock price prediction for 2027 without relying on any outside forecast.
Bank of Maharashtra Stock Analysis: Technical Outlook
Bank of Maharashtra stock trades above its 50-day SMA of Rs 81.70 and above its 200-day EMA of Rs 75.89, and the combined daily indicators read bullish. The 52-week high of Rs 94.50 was set on 29 June 2026, while the 52-week low of Rs 54.66 came on 14 October 2025.
| Indicator | Reading | Signal |
|---|---|---|
| RSI (14) | 47.77 | Neutral |
| MACD (12,26,9) | -0.13 vs signal -0.20 | Bullish |
| ADX (14) | 18.22 | Weak trend |
| Supertrend (10,3) | Price above Rs 78.63 | Bullish |
| 50-day SMA | Rs 81.70 | Price above |
| 200-day EMA | Rs 75.89 | Price above |
The nearest support level sits at Rs 81.70 (50-day SMA) and Rs 78.63 (Supertrend). The nearest resistance level sits at Rs 94.50 (52-week high). A sustained move above the nearest resistance would support the Bank of Maharashtra share price prediction 2027 base case, and this Bank of Maharashtra stock analysis uses daily candles only. Chart signals add context to the Bank of Maharashtra share price target without changing the earnings maths.
Bank of Maharashtra Shareholding Pattern
Promoters hold 73.60% of Bank of Maharashtra as of Sep 2026, down from 79.60% in Sep 2025 across the last 5 quarters. FII holding is 6.51% (up from 2.34% in Sep 2025) and DII holding is 13.77% (up from 10.05% in Sep 2025), which puts combined institutional holding at 20.28%. Public shareholders own 6.13%. Shareholding data is one input for any Bank of Maharashtra stock forecast.
Key Risks to the Bank of Maharashtra Share Price Target for 2027
Earnings and Margin Risk
Operating margin has ranged from 64.49% to 81.33% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the Bank of Maharashtra stock forecast. Revenue was up 15.6% in FY26, and slower revenue growth would weigh on the profit path.
Size and Liquidity Risk
Market capitalisation stands at Rs 63,109 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any Bank of Maharashtra stock price target.
Conclusion
This Bank of Maharashtra stock analysis puts the share price target range for 2027 at Rs 94.9 to Rs 119, with a base case of Rs 99.1 against Rs 82.55 today. The inputs are a PE of 8.37 that sits at a 30.3% discount to the industry average, EPS growth of 21.4% in FY26 and a daily technical setup that reads bullish. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Bank of Maharashtra Share Price Prediction 2027
What is the Bank of Maharashtra share price target for 2027?
Ans. The Bank of Maharashtra share price forecast for 2027 has a conservative case of Rs 94.9, a base case of Rs 99.1 and a bull case of Rs 119. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.
What is the Bank of Maharashtra share price today?
Ans. Bank of Maharashtra trades at Rs 82.55 on NSE as of 9 October 2026, up 0.61% on the day. The 52-week range is Rs 54.66 to Rs 94.50.
Is Bank of Maharashtra a good stock to buy for 2027?
Ans. The data points in different directions: the PE of 8.37 is at a 30.3% discount to the industry average, EPS grew 21.4% in FY26 and the daily technical setup reads bullish. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.
Can Bank of Maharashtra stock reach Rs 119 in 2027?
Ans. Reaching Rs 119 needs EPS to rise 25.0% from Rs 9.80 and the PE multiple to re-rate toward the industry PE of 12.00, plus a daily close above Rs 94.50 (52-week high). This is a scenario, not a guarantee.
What are the support and resistance levels for Bank of Maharashtra?
Ans. The nearest support levels are Rs 81.70 (50-day SMA) and Rs 78.63 (Supertrend), and the nearest resistance levels are Rs 94.50 (52-week high).
What are the main risks for Bank of Maharashtra stock in 2027?
Ans. The main risks to the Bank of Maharashtra share price forecast are a fall in operating margin from the 64.49% to 81.33% range seen since FY22, slower revenue growth after FY26 revenue was up 15.6%, and thin trading volumes.
How is the Bank of Maharashtra target price for 2027 calculated?
Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 15.0% growth, the base case 20.0% and the bull case 25.0%, all drawn from the company’s reported FY26 and 4-year EPS growth.
