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 ₹ 159 Cr.
- Current Price ₹ 113
- High / Low ₹ 218 / 97.8
- Stock P/E 7.28
- Book Value ₹ 329
- Dividend Yield 0.00 %
- ROCE 2.75 %
- ROE 2.27 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.34 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -24.1% over past five years.
- Earnings include an other income of Rs.58.0 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 2 | 1 | 9 | 10 | 9 | 5 | 8 | 8 | 9 | 9 | 1 | 1 | |
1 | 5 | 3 | 4 | 5 | 5 | 7 | 3 | 9 | 52 | 4 | 3 | 23 | |
Operating Profit | 0 | -3 | -1 | 5 | 5 | 4 | -1 | 5 | -1 | -43 | 6 | -1 | -22 |
OPM % | 15% | -152% | -97% | 53% | 51% | 45% | -20% | 62% | -8% | -500% | 59% | -107% | -2,538% |
1 | 6 | 3 | 3 | 1 | 7 | 15 | 27 | 3 | 2 | 342 | 25 | 58 | |
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 | -2 | 0 | -0 | 6 | 5 | 10 | 14 | 32 | 2 | -42 | 348 | 24 | 36 |
Tax % | 2% | 58% | 60% | 1% | 17% | -0% | 0% | -5% | 30% | 0% | 0% | 17% | |
-2 | 0 | -0 | 29 | 54 | 10 | 14 | 34 | 1 | -42 | 346 | 20 | 31 | |
EPS in Rs | -1.26 | 0.05 | -0.06 | 20.54 | 38.13 | 7.08 | 9.68 | 23.83 | 0.95 | -29.60 | 244.81 | 13.89 | 22.25 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | -24% |
3 Years: | -44% |
TTM: | -90% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | -4% |
3 Years: | 167% |
TTM: | -93% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 13% |
3 Years: | 14% |
1 Year: | -38% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 35% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | -87 | -87 | -87 | 23 | 77 | 87 | 101 | 135 | 136 | 99 | 447 | 452 |
4 | 10 | 0 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | |
144 | 143 | 132 | 109 | 105 | 103 | 107 | 111 | 110 | 96 | 87 | 77 | |
Total Liabilities | 75 | 80 | 60 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 549 | 543 |
7 | 7 | 7 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 19 | 19 | 19 | 139 | 190 | 196 | 209 | 238 | 236 | 188 | 519 | 513 |
50 | 54 | 34 | 10 | 8 | 12 | 16 | 19 | 22 | 18 | 27 | 27 | |
Total Assets | 75 | 80 | 60 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 549 | 543 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | -1 | -0 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -4 | |
1 | 1 | 1 | -0 | -0 | 6 | -0 | -0 | 1 | 5 | 6 | 7 | |
-13 | -10 | -11 | -0 | -1 | -1 | -6 | 1 | 1 | 1 | 0 | -0 | |
Net Cash Flow | -2 | 6 | -12 | -0 | -1 | 3 | -1 | 1 | -0 | -2 | -2 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,131 | 1,453 | 1,513 | 15 | 16 | 27 | 18 | 8 | 9 | 5 | 8 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 2,131 | 1,453 | 1,513 | 15 | 16 | 27 | 18 | 8 | 9 | 5 | 8 | 0 |
Working Capital Days | -26,591 | -21,343 | -27,216 | -4,730 | -3,952 | -4,142 | -7,176 | -4,515 | -4,571 | -3,675 | -2,748 | -7,029 |
ROCE % | 8% | 4% | 12% | 23% | -0% | -33% | 120% | 3% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting
2d - Q1 FY26 unaudited results approved; internal auditor re-appointed; new independent director appointed; office shifted.
-
Board Meeting Intimation for A Meeting Of Board Of The Company Will Be Held On 13Th August, 2025 To Inter Alia Consider And Approve The Un-Audited Financial Results Of The Company For The Quarter Ended 30Th June, 2025.
4 Aug - Board meeting on 13 Aug 2025 to approve Q1 FY2026 un-audited financial results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Jul - Attached Compliance Certificate under Regulation 74(5) of SEBI for the quarter ended 30th June, 2025.
- Closure of Trading Window 24 Jun
-
Audited Financial Results For The Year Ended 31St March,2025
30 May - Audited FY25 results with qualified opinion; Rs.333.75L interest not provided; Rs.1000.5L exceptional income reversed.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Services Offered:[1]
a) Leasing Financing
b) Hire purchase
c) Bill discounting
d) Providing Loans