Maha Rashtra Apex Corporation Ltd

Maha Rashtra Apex Corporation Ltd

₹ 146 -4.77%
24 May - close price
About

Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]

Key Points

Services Offered:[1]
a) Leasing Financing
b) Hire purchase
c) Bill discounting
d) Providing Loans

  • Market Cap 206 Cr.
  • Current Price 146
  • High / Low 184 / 96.0
  • Stock P/E
  • Book Value 82.8
  • Dividend Yield 0.00 %
  • ROCE -32.7 %
  • ROE -32.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.80% over last 3 years.

* 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1 1 0 2 1 1 1 0 1 1 0 1 1
1 1 1 5 1 1 2 0 1 3 1 1 91
Operating Profit -0 0 -0 -3 -0 -1 -2 -0 0 -2 -0 -0 -90
OPM % -12% 26% -76% -153% -41% -100% -340% -225% 4% -426% -94% -19% -14,314%
3 1 1 3 2 1 3 1 0 3 1 3 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3 1 1 -1 2 0 2 1 0 0 0 3 -90
Tax % 1% 41% 0% 0% 2% 243% 0% 0% 2% -225% 0% 16% 0%
3 1 1 -1 2 -0 2 1 0 0 0 2 -90
EPS in Rs 2.35 0.56 0.39 -0.38 1.17 -0.23 1.14 0.73 0.28 0.18 0.27 1.71 -63.39
Raw PDF
Upcoming result date: 29 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2 3 2 2 1 9 10 9 5 8 8 9 2
2 2 1 5 3 4 5 5 7 3 9 57 96
Operating Profit 0 1 0 -3 -1 5 5 4 -1 5 -1 -48 -93
OPM % 9% 32% 15% -152% -97% 53% 51% 45% -20% 62% -8% -557% -3,867%
3 3 1 6 3 3 1 7 15 27 3 6 7
Interest 5 4 3 3 2 2 1 1 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -2 -1 -2 0 -0 6 5 10 14 32 2 -42 -86
Tax % 0% -4% -2% 58% -60% 1% 17% -0% 0% -5% 30% -0%
-2 -1 -2 0 -0 29 54 10 14 34 1 -42 -87
EPS in Rs -1.73 -0.59 -1.26 0.05 -0.06 20.54 38.13 7.08 9.68 23.83 0.95 -29.60 -61.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: -3%
3 Years: 17%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -5396%
Stock Price CAGR
10 Years: 38%
5 Years: 9%
3 Years: 17%
1 Year: 40%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: -3%
Last Year: -33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves -84 -84 -87 -87 -87 23 77 87 101 135 136 99 103
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
1 2 3 9 0 6 6 6 6 0 0 0 0
153 148 145 143 132 109 105 103 107 111 110 96 94
Total Liabilities 84 80 75 80 60 152 201 211 228 261 261 210 211
9 7 7 7 7 3 3 3 3 3 3 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 17 19 19 19 19 139 190 196 209 238 236 188 182
59 53 50 54 34 10 8 12 16 19 22 19 27
Total Assets 84 80 75 80 60 152 201 211 228 261 261 210 211

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 19 11 15 -1 -0 0 -2 5 1 -2 -8
8 3 1 1 1 -0 -0 6 -0 -0 1 5
-14 -15 -13 -10 -11 -0 -1 -1 -6 1 1 1
Net Cash Flow 0 7 -2 6 -12 -0 -1 3 -1 1 -0 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1,750 1,309 2,131 1,453 1,513 15 16 27 18 8 9 5
Inventory Days
Days Payable
Cash Conversion Cycle 1,750 1,309 2,131 1,453 1,513 15 16 27 18 8 9 5
Working Capital Days -17,807 -14,885 -25,835 -19,688 -27,216 -4,496 -3,737 -3,914 -6,776 -4,515 -4,571 -3,704
ROCE % 8% 4% 12% 23% -0% -33%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.54% 62.54% 62.54% 62.54% 62.54% 62.54% 62.54% 62.54% 62.54% 62.54% 62.54% 62.54%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
37.45% 37.45% 37.45% 37.45% 37.45% 37.46% 37.46% 37.46% 37.47% 37.46% 37.45% 37.46%
No. of Shareholders 10,30510,32310,33310,39910,56810,77410,47810,43010,51610,34010,72710,834

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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