Majestic Research Services & Solutions Ltd
Majestic Research Services and Solutions Limited is an India-based market research agency. The Company offers a range of qualitative and quantitative research services both nationally and internationally.
- Market Cap ₹ 4.39 Cr.
- Current Price ₹ 4.38
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 13.2
- Dividend Yield 0.00 %
- ROCE -60.0 %
- ROE -92.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.33 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -44.8% over past five years.
- Company has a low return on equity of -18.1% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 12,967 days.
- Working capital days have increased from 2,106 days to 5,622 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | |
|---|---|
| 20.72 | |
| 16.94 | |
| Operating Profit | 3.78 |
| OPM % | 18.24% |
| 0.00 | |
| Interest | 0.64 |
| Depreciation | 2.39 |
| Profit before tax | 0.75 |
| Tax % | 0.00% |
| 0.75 | |
| EPS in Rs | 0.75 |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 2 | 6 | 11 | 23 | 46 | 56 | 21 | 1 | |
| 0 | 2 | 4 | 8 | 15 | 29 | 36 | 21 | 21 | |
| Operating Profit | 0 | 0 | 1 | 3 | 7 | 17 | 20 | -0 | -20 |
| OPM % | 2% | 10% | 20% | 27% | 33% | 37% | 36% | -2% | -3,553% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 5 | 2 |
| Profit before tax | 0 | 0 | 1 | 3 | 7 | 16 | 15 | -6 | -23 |
| Tax % | 100% | 32% | 32% | 32% | 34% | 29% | 29% | 0% | 0% |
| 0 | 0 | 1 | 2 | 5 | 11 | 10 | -6 | -23 | |
| EPS in Rs | 0.07 | 0.22 | 0.87 | 2.32 | 4.63 | 10.93 | 10.37 | -5.88 | -22.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -45% |
| 3 Years: | -77% |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -176% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | -9% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -18% |
| Last Year: | -92% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.75 | 3 | 3 | 4 | 5 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 1 | 3 | 15 | 21 | 32 | 26 | 3 |
| 0 | 0 | 1 | 1 | 0 | 12 | 10 | 13 | 13 | |
| 0 | 1 | 1 | 2 | 4 | 10 | 16 | 18 | 18 | |
| Total Liabilities | 1 | 4 | 6 | 9 | 25 | 53 | 68 | 67 | 44 |
| 0 | 0 | 0 | 0 | 1 | 6 | 14 | 9 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 3 | 3 |
| 1 | 4 | 5 | 9 | 24 | 44 | 52 | 55 | 35 | |
| Total Assets | 1 | 4 | 6 | 9 | 25 | 53 | 68 | 67 | 44 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | -1 | 1 | 4 | 15 | -9 | -6 | 0 | |
| 0 | -0 | -0 | -0 | -0 | -9 | -12 | 0 | 0 | |
| 1 | 2 | 1 | 0 | 8 | 8 | -2 | 5 | -0 | |
| Net Cash Flow | 0 | 0 | 0 | 1 | 12 | 13 | -23 | -0 | -0 |
| Free Cash Flow | -1 | -2 | -1 | 0 | 3 | 8 | -21 | -5 | 0 |
| CFO/OP | -7,400% | -970% | -64% | 26% | 63% | 87% | -44% | -1,063% | -0% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 99 | 331 | 309 | 203 | 164 | 126 | 266 | 716 | 12,967 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 99 | 331 | 309 | 203 | 164 | 126 | 266 | 716 | 12,967 |
| Working Capital Days | 570 | 467 | 219 | 183 | 108 | 28 | 182 | 513 | 5,622 |
| ROCE % | 10% | 21% | 48% | 52% | 52% | 34% | -10% | -60% |
Insights
In beta| Dec 2014 | Mar 2016 | Mar 2017 | May 2018 | |
|---|---|---|---|---|
| Revenue from Ad-hoc Projects % |
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| Revenue from Multi-Year Contracts % |
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| Team Strength (Headcount) Number |
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| Market Share (Kantar) % |
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| Market Share (The Nielsen Company) % |
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| Revenue Concentration from Top 10 Clients % |
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| Interviews / Observations (Cumulative MR-AP) Number |
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| Project Retention Rate of Clients % |
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| Revenue Concentration from Top 5 Clients % |
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| Technology Partners Number |
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| Total Number of Clients Number |
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| Total Number of Projects Number |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Intimation For The Board Meeting Rescheduled To 30Th June 2026
30 May - Board meeting rescheduled to 30 June 2026 to approve FY26 audited results and auditor appointments.
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Board Meeting Intimation for Intimation Of The Board Meeting Scheduled To Be Held On Saturday 30Th May, 2026.
27 May - Board meeting on 30 May 2026 to approve FY26 audited results and appoint auditors.
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Board Meeting Outcome for Outcome Of The Board Meeting To Be Held On Today I.E. 22Nd May, 2026.
22 May - Board approved appointments of statutory, secretarial and internal auditors on 22 May 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Company says Annual Secretarial Compliance Report for FY ended 31 March 2026 is not applicable under SME exemption.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 May - RTA issued Regulation 74(5) compliance certificate for quarter ended 31 December 2025.