Maha Rashtra Apex Corporation Ltd
Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 108
- High / Low ₹ 160 / 69.0
- Stock P/E 24.8
- Book Value ₹ 313
- Dividend Yield 0.00 %
- ROCE 1.04 %
- ROE 0.77 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.35 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 1.43% over last 3 years.
- Earnings include an other income of Rs.10.7 Cr.
* 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
Financial Services Financial Services Finance Other Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 5 | 7 | 5 | 2 | 6 | 6 | 7 | 7 | 6 | 8 | |
| 0 | 5 | 1 | 3 | 2 | 2 | 3 | 1 | 1 | 3 | 2 | 2 | 2 | |
| Operating Profit | 1 | -3 | -0 | 2 | 5 | 3 | -1 | 5 | 4 | 4 | 6 | 5 | 6 |
| OPM % | 98% | -179% | -32% | 38% | 73% | 60% | -48% | 81% | 74% | 60% | 76% | 72% | 79% |
| 1 | 5 | 2 | 4 | 1 | 4 | 1 | 2 | 2 | 1 | 4 | 11 | 11 | |
| Interest | 3 | 3 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -1 | -0 | -0 | 4 | 5 | 6 | -1 | 7 | 6 | 5 | 9 | 16 | 17 |
| Tax % | 0% | 0% | 0% | 0% | 16% | -5% | 0% | -21% | 9% | 2% | 16% | 26% | |
| -1 | -0 | -0 | 4 | 4 | 6 | -1 | 8 | 5 | 5 | 8 | 12 | 13 | |
| EPS in Rs | -0.93 | -0.25 | -0.16 | 3.17 | 2.81 | 4.43 | -0.52 | 5.61 | 3.70 | 3.72 | 5.43 | 8.26 | 9.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 23% |
| 3 Years: | 5% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 34% |
| 3 Years: | -4% |
| TTM: | 50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 4% |
| 3 Years: | 0% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -88 | -89 | -89 | 19 | 71 | 77 | 92 | 125 | 126 | 88 | 420 | 436 | 429 |
| 3 | 9 | 0 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | |
| 146 | 145 | 133 | 111 | 106 | 103 | 108 | 106 | 104 | 91 | 88 | 78 | 78 | |
| Total Liabilities | 75 | 79 | 59 | 150 | 196 | 201 | 219 | 251 | 250 | 199 | 522 | 528 | 521 |
| 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 26 | 26 | 26 | 141 | 190 | 193 | 206 | 235 | 232 | 184 | 499 | 504 | 495 |
| 47 | 52 | 32 | 7 | 5 | 6 | 11 | 14 | 16 | 13 | 21 | 22 | 23 | |
| Total Assets | 75 | 79 | 59 | 150 | 196 | 201 | 219 | 251 | 250 | 199 | 522 | 528 | 521 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 15 | -4 | 22 | 48 | -5 | -3 | -0 | -2 | -8 | -8 | 0 | |
| 1 | 1 | 4 | -20 | -48 | 8 | 1 | 1 | 2 | 6 | 8 | -0 | |
| -13 | -10 | -11 | -2 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Cash Flow | -2 | 6 | -12 | -0 | -2 | 2 | -1 | 1 | -1 | -2 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2,513 | 1,807 | 1,786 | 24 | 6 | 7 | 5 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 2,513 | 1,807 | 1,786 | 24 | 6 | 7 | 5 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -31,822 | -26,838 | -32,505 | -8,009 | -5,651 | -7,358 | -17,556 | -5,753 | -6,133 | -4,575 | -3,608 | -3,414 |
| ROCE % | 8% | 4% | -1% | 4% | 3% | 3% | 2% | 1% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Raising of Funds
20 Dec - Filed DLOF for rights issue to raise up to ₹1,500 lakhs; DLOF dated 19 Dec 2025.
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Board Meeting Outcome for Approval Of Right Issue Of Equity Shares Amounting To Approx 15 Crores In Value
18 Dec - Board approved Rights Issue up to Rs15,00,00,000 (Rs15 crore) on December 18, 2025.
-
Announcement under Regulation 30 (LODR)-Raising of Funds
18 Dec - Board approved rights issue up to Rs15,00,00,000 (Rs15 crore) on December 18, 2025; committee and banker appointed.
-
Rumour verification - Regulation 30(11)
17 Dec - Company informs BSE it has disclosed all price-sensitive information; stock price movements are market-driven.
Annual reports
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Financial Year 2025
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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 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Services Offered:[1]
a) Leasing Financing
b) Hire purchase
c) Bill discounting
d) Providing Loans