Maharashtra Scooters Ltd
₹ 14,498
2.52%
30 Jun
- close price
About
Maharashtra Scooters Ltd. (MSL) is a manufacturing & and an unregistered core investment company. It is engaged in the business of manufacturing dies, Jigs, fixtures and die casting components primarily for the automobiles industry, etc. [1]
Key Points
- Market Cap ₹ 16,569 Cr.
- Current Price ₹ 14,498
- High / Low ₹ 15,506 / 8,491
- Stock P/E 96.6
- Book Value ₹ 27,005
- Dividend Yield 0.97 %
- ROCE 0.59 %
- ROE 0.59 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.54 times its book value
- Company has been maintaining a healthy dividend payout of 93.9%
Cons
- The company has delivered a poor sales growth of -2.77% over past five years.
- Tax rate seems low
- Company has a low return on equity of 0.78% over last 3 years.
- Earnings include an other income of Rs.45.5 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 7 | 9 | 8 | 82 | 95 | 211 | 30 | 194 | 216 | 223 | 183 | |
9 | 12 | 15 | 14 | 20 | 20 | 20 | 20 | 20 | 23 | 19 | 12 | |
Operating Profit | -5 | -5 | -6 | -6 | 61 | 75 | 191 | 11 | 174 | 194 | 203 | 172 |
OPM % | -115% | -72% | -72% | -69% | 75% | 79% | 90% | 35% | 90% | 90% | 91% | 94% |
53 | 63 | 108 | 21 | 1 | 1 | 3 | 0 | 0 | 1 | 1 | 45 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 1 | 3 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Profit before tax | 48 | 55 | 101 | 14 | 61 | 74 | 192 | 9 | 172 | 193 | 202 | 215 |
Tax % | 0% | 0% | 0% | 9% | 1% | 2% | 6% | 3% | 17% | -1% | 1% | 0% |
48 | 55 | 101 | 13 | 61 | 73 | 180 | 9 | 143 | 195 | 199 | 214 | |
EPS in Rs | 41.65 | 47.91 | 88.37 | 11.44 | 53.16 | 63.70 | 157.45 | 7.71 | 124.87 | 170.88 | 174.40 | 187.56 |
Dividend Payout % | 60% | 63% | 34% | 262% | 62% | 52% | 32% | 649% | 64% | 94% | 97% | 91% |
Compounded Sales Growth | |
---|---|
10 Years: | 39% |
5 Years: | -3% |
3 Years: | -2% |
TTM: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -1% |
3 Years: | 6% |
TTM: | -14% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 42% |
3 Years: | 58% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 1% |
3 Years: | 1% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
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 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 227 | 241 | 301 | 6,541 | 8,214 | 11,312 | 8,199 | 16,232 | 22,842 | 19,031 | 27,005 | 30,851 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
62 | 66 | 25 | 20 | 18 | 391 | 14 | 1,036 | 1,846 | 1,355 | 2,377 | 3,725 | |
Total Liabilities | 300 | 318 | 337 | 6,572 | 8,243 | 11,714 | 8,225 | 17,280 | 24,699 | 20,398 | 29,394 | 34,588 |
7 | 4 | 7 | 7 | 13 | 15 | 15 | 14 | 13 | 12 | 10 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 260 | 271 | 280 | 6,511 | 8,196 | 11,680 | 8,080 | 17,189 | 24,654 | 20,364 | 29,362 | 34,563 |
33 | 43 | 50 | 54 | 34 | 20 | 130 | 76 | 33 | 22 | 22 | 24 | |
Total Assets | 300 | 318 | 337 | 6,572 | 8,243 | 11,714 | 8,225 | 17,280 | 24,699 | 20,398 | 29,394 | 34,588 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-6 | -10 | -8 | -33 | 1 | 1 | -7 | -6 | 119 | 209 | 206 | 159 | |
15 | 41 | 81 | 35 | 40 | 45 | 195 | -68 | -62 | -3 | -12 | 36 | |
-26 | -33 | -80 | -2 | -41 | -45 | -113 | -1 | -58 | -205 | -194 | -193 | |
Net Cash Flow | -17 | -2 | -6 | 0 | 0 | -0 | 75 | -75 | -0 | 0 | 0 | 1 |
Ratios
Figures in Rs. Crores
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 | 114 | 137 | 99 | 95 | 15 | 14 | 8 | 82 | 19 | 11 | 3 | 0 |
Inventory Days | 88 | 134 | 42 | 111 | 57 | 72 | 163 | |||||
Days Payable | 214 | 27 | 37 | 40 | 40 | 8 | 99 | |||||
Cash Conversion Cycle | -13 | 243 | 104 | 166 | 33 | 78 | 8 | 146 | 19 | 11 | 3 | 0 |
Working Capital Days | -2,797 | -2,141 | -203 | -43 | 1 | 4 | 4 | 103 | 31 | 10 | 7 | -10 |
ROCE % | 20% | 20% | 35% | 0% | 1% | 1% | 2% | 0% | 1% | 1% | 1% | 1% |
Documents
Announcements
- Reg. 34 (1) Annual Report. 4h
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Business Responsibility and Sustainability Reporting (BRSR)
4h - Maharashtra Scooters discloses FY2025 Business Responsibility and Sustainability Report; manufacturing closed, now financial holding company.
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Notice Of 50Th Annual General Meeting Scheduled To Be Held On Wednesday, 23 July 2025 At Hotel Hyatt Regency, Opposite Weikfield IT Citi Info Park, Nagar Road, Viman Nagar, Pune - 411014;
5h - Notice of 50th AGM on 23 July 2025 with final dividend of ₹60/share and director re-appointment.
- Closure of Trading Window 6h
-
Board Meeting Intimation for Considering And Approving The Unaudited Standalone Financial Results For The Quarter Ending 30 June 2025
6h - Board meeting on 23 July 2025 to approve Q1 FY26 financial results; trading window closed 1-25 July.
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 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Company Overview
Maharashtra Scooters Ltd. is an unregistered Core Investment Company (‘CIC’). As a CIC, a minimum of 90% of its assets stand invested in the Bajaj group and the balance in debt and other instruments.
The Company manufactures pressure die casting dies, castings, jigs, and fixtures, primarily meant for the two-three-wheeler industry. [1]