Maharashtra Corporation Ltd
₹ 0.37
0.00%
16 Jun
1:52 p.m.
About
Incorporated in 1982, Maharashtra
Corporation Ltd is in the business
of commodity trading and real
estate development[1]
Key Points
- Market Cap ₹ 23.0 Cr.
- Current Price ₹ 0.37
- High / Low ₹ 0.56 / 0.25
- Stock P/E
- Book Value ₹ 0.99
- Dividend Yield 0.00 %
- ROCE -0.58 %
- ROE -0.60 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.38 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -34.0% over past five years.
- Promoter holding is low: 16.6%
- Company has a low return on equity of -0.07% over last 3 years.
- Company has high debtors of 28,178 days.
- Working capital days have increased from 22,777 days to 42,048 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.84 | 12.79 | 20.83 | -0.04 | 0.00 | 0.00 | 0.40 | 0.00 | 1.12 | 0.78 | 1.55 | 0.05 | |
| 2.80 | 12.78 | 20.83 | 1.98 | 0.11 | 0.09 | 0.41 | 0.66 | 0.38 | 0.51 | 1.24 | 0.35 | |
| Operating Profit | 0.04 | 0.01 | 0.00 | -2.02 | -0.11 | -0.09 | -0.01 | -0.66 | 0.74 | 0.27 | 0.31 | -0.30 |
| OPM % | 1.41% | 0.08% | 0.00% | -2.50% | 66.07% | 34.62% | 20.00% | -600.00% | ||||
| 0.00 | 0.00 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.00 | 0.01 | 0.01 | 0.00 | 0.06 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.12 | 0.18 | 0.12 |
| Profit before tax | 0.04 | 0.01 | 0.02 | -1.98 | -0.09 | -0.07 | 0.01 | -0.66 | 0.72 | 0.16 | 0.13 | -0.36 |
| Tax % | 25.00% | 0.00% | 50.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 15.38% | 2.78% |
| 0.02 | 0.00 | 0.01 | -1.98 | -0.09 | -0.07 | 0.01 | -0.66 | 0.72 | 0.15 | 0.11 | -0.37 | |
| EPS in Rs | 0.00 | 0.00 | 0.00 | -0.03 | -0.00 | -0.00 | 0.00 | -0.01 | 0.04 | 0.00 | 0.00 | -0.01 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -43% |
| 5 Years: | -34% |
| 3 Years: | -65% |
| TTM: | -97% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -436% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -4% |
| 3 Years: | -33% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.53 | 13.53 | 13.53 | 13.53 | 13.53 | 13.53 | 13.53 | 13.53 | 29.27 | 62.36 | 62.09 | 62.09 |
| Reserves | 1.25 | 1.25 | 1.27 | -0.71 | -0.81 | -0.88 | -0.87 | -1.53 | -0.81 | -0.66 | -0.30 | -0.67 |
| 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.06 | 0.53 | 0.00 | 0.00 | 0.00 | -0.28 | 0.28 | |
| 0.19 | 7.81 | 0.85 | 1.03 | 1.04 | 0.19 | 0.27 | 0.17 | 0.11 | 0.09 | 0.13 | 0.03 | |
| Total Liabilities | 14.97 | 22.59 | 15.65 | 13.87 | 13.76 | 12.90 | 13.46 | 12.17 | 28.57 | 61.79 | 61.64 | 61.73 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 | 0.54 | 48.67 | 49.85 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.42 | 3.58 | 3.58 | 0.70 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 1.66 | 1.91 |
| 10.55 | 19.01 | 12.07 | 13.17 | 12.96 | 12.10 | 12.66 | 11.37 | 27.12 | 60.45 | 11.31 | 9.97 | |
| Total Assets | 14.97 | 22.59 | 15.65 | 13.87 | 13.76 | 12.90 | 13.46 | 12.17 | 28.57 | 61.79 | 61.64 | 61.73 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.37 | -0.84 | 0.05 | -0.05 | -0.04 | -0.01 | -0.01 | 0.50 | -15.40 | -29.59 | 48.10 | 1.34 | |
| 0.35 | 0.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.12 | -0.68 | -0.02 | -49.09 | -1.30 | |
| -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 15.74 | 30.53 | 0.00 | 0.00 | |
| Net Cash Flow | -0.04 | 0.00 | 0.05 | -0.05 | -0.04 | -0.01 | -0.01 | 0.43 | -0.34 | 0.92 | -0.99 | 0.04 |
| Free Cash Flow | -0.37 | -0.84 | 0.05 | -0.05 | -0.04 | -0.01 | -0.01 | 0.38 | -16.08 | -29.61 | -0.99 | 0.04 |
| CFO/OP | -925% | -8,400% | 2% | 36% | 11% | 100% | -76% | -2,081% | -10,959% | 15,510% | -447% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 882.94 | 438.63 | 134.58 | -80,573.75 | 7,509.88 | 1,606.65 | 1,979.42 | 996.10 | 28,178.00 | |||
| Inventory Days | 230.53 | 44.39 | 27.10 | 298.64 | 1,950.86 | |||||||
| Days Payable | 23.33 | 225.73 | 14.52 | 199.09 | 314.66 | |||||||
| Cash Conversion Cycle | 1,090.14 | 257.29 | 147.15 | -80,474.20 | 9,146.08 | 1,606.65 | 1,979.42 | 996.10 | 28,178.00 | |||
| Working Capital Days | 1,084.72 | 261.41 | 147.37 | 85,410.00 | 8,212.50 | 7,339.11 | 24,543.91 | 1,737.87 | 42,048.00 | |||
| ROCE % | 0.27% | 0.07% | 0.14% | -14.33% | -0.70% | -0.55% | 0.08% | -5.24% | 3.56% | 0.35% | 0.21% | -0.58% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory (Stock-in-trade) INR |
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| Trade Receivables INR |
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| Advance for Land - Ahmedabad Project INR Lakhs |
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| Real Estate Work in Progress (WIP) INR Lakhs |
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| Planned Real Estate Project - Land Area Acquired Square Yards |
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| Planned Real Estate Project - Super Built-Up Area Sq. Ft. |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial compliance report for FY2026 notes Rs.10,000 BSE fine and delayed Company Secretary appointment.
-
Audited Financial Result For The Quarter And Year Ended March 31 2026
29 May - Board approved FY26 audited results and reappointed Mr. Lakhpat M. Trivedi as internal auditor for FY27.
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Board Meeting Outcome for Outcome Of Board Meeting
29 May - Board approved FY26 audited results, reappointed internal auditor, and received unmodified audit opinion.
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Board Meeting Intimation for Consider And Approve Audited Financial Results Of The Company For The Quarter And Year Ended On March 31, 2026
25 May - Board meeting on 29 May 2026 to approve audited Q4 and FY2026 financial results.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1]
MCL is in the business of investing, trading, and distributing various textile products, commodities, goods including gunnies, handicrafts, and hessian to tea, shellac, hides, cotton, etc. Further, the company has added real estate business as an additional object. This has enabled the company to get engaged in the property acquisition, development, construction, and for commercial activities.