Bank of MaharashtraNSE:MAHABANK +2.73%64 Dividend Payout Ratio is 0.38 as of Mar. 2026, which is 81% above its 10-year median of 0.21. GuruFocus rates NSE:MAHABANK with a GF Score™ of 64/100 and a GF Value™ of ₹64.25 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,175 Banks companies, Bank of Maharashtra ranks better than 63.32% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Bank of Maharashtra's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.38.
The historical rank and industry rank for Bank of Maharashtra's Dividend Payout Ratio or its related term are showing as below:
NSE:MAHABANK'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.21 Max: 0.27
Current: 0.27
During the past 13 years, the highest Dividend Payout Ratio of Bank of Maharashtra was 0.27. The lowest was 0.13. And the median was 0.21.
NSE:MAHABANK's Dividend Payout Ratio is ranked better than 63.32% of 1175
companies
in the Banks industry
Industry Median: 0.32
vs NSE:MAHABANK: 0.27
During the past 12 months, Bank of Maharashtra's average Dividends Per Share Growth Rate was 78.60% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 71.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Bank of Maharashtra was 71.00% per year. The lowest was -28.60% per year. And the median was 13.60% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Bank of Maharashtra (NSE:MAHABANK) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Bank of Maharashtra Dividend Payout Ratio Related Terms
Bank of Maharashtra Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Bank of Maharashtra's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bank of Maharashtra Dividend Payout Ratio Competitor Comparison
For the Banks - Regional subindustry, Bank of Maharashtra's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank of Maharashtra Dividend Payout Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Maharashtra's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Bank of Maharashtra's Dividend Payout Ratio falls into.
Bank of Maharashtra Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Bank of Maharashtra's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bank of Maharashtra (NSE:MAHABANK) has a Dividend Payout Ratio of 0.38 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Bank of Maharashtra and its competitors. This is 81% above median its historical median of 0.21. Over the past decade, Bank of Maharashtra's Dividend Payout Ratio has ranged from 0.13 to 0.27. According to the industry distribution chart, Bank of Maharashtra ranks #431 out of 1175 companies in the Banks industry, placing it in the top 36.7%.
Is Bank of Maharashtra's Dividend Payout Ratio too high?
Bank of Maharashtra's current Dividend Payout Ratio of 0.38 is 81% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.27. The Banks industry median Dividend Payout Ratio is 0.32. Bank of Maharashtra's value of 0.38 is 18.8% above this industry median. Based on the distribution chart, Bank of Maharashtra ranks #431 out of 1175 companies in the Banks industry, which is above the industry midpoint. Overall, Bank of Maharashtra has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Maharashtra's Dividend Payout Ratio compare to competitors?
According to the Banks industry distribution chart, Bank of Maharashtra ranks #431 out of 1175 companies for Dividend Payout Ratio. This puts Bank of Maharashtra in the upper half of its industry. The industry median Dividend Payout Ratio is 0.32. Bank of Maharashtra's value of 0.38 is 18.8% above this benchmark. Historically, Bank of Maharashtra's own Dividend Payout Ratio has ranged from 0.13 to 0.27 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.32, Bank of Maharashtra has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,175 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bank of Maharashtra's current Dividend Payout Ratio of 0.38 is 18.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Bank of Maharashtra and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Maharashtra's current Dividend Payout Ratio is 0.38, which is 81% above median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Maharashtra stock overvalued right now?
Based on GuruFocus' analysis, Bank of Maharashtra (NSE:MAHABANK) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹64.25, compared to a current price of ₹84.25 — trading 31.1% above its estimated fair value. The current Dividend Payout Ratio is 0.38, which is 81% above median its 10-year median of 0.21 and 18.8% above the Banks industry median of 0.32. Bank of Maharashtra's overall GF Score™ is 64/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Bank of Maharashtra (NSE:MAHABANK), the current Dividend Payout Ratio is 0.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bank of Maharashtra (NSE:MAHABANK) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Maharashtra stock appears to be overvalued.
The current stock price of ₹84.25 is trading 31.1% above its estimated GF Value™ of ₹64.25.
GuruFocus considers Bank of Maharashtra to be Significantly Overvalued.
Key valuation signals for NSE:MAHABANK:
Dividend Payout Ratio: 0.38 (81% above median its 10-year median of 0.21)
GF Value™: ₹64.25 vs. price of ₹84.25 (31.1% above fair value)
Industry Position: 18.8% above the Banks median (#431 of 1175)
No single metric tells the full story. See the NSE:MAHABANK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Maharashtra is an Indian banking corporation. The bank offers various deposit schemes, including savings accounts, current accounts, term deposits, and capital gain accounts. It also provides credit facilities such as term loans, overdrafts, letters of credit, and guarantees. The bank organizes its business in four segments, namely Treasury, Corporate/Wholesale banking; Retail banking; and Other banking operations. Its Treasury segment includes investment, balances with banks outside India, and interest accrued on investments; the corporate banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies; retail banking includes exposure to individuals and small businesses. The bank principally generates revenue within India.
64GF Score
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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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