Maharashtra Scooters Ltd

Mah. Scooters Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Maharashtra Scooters Ltd

₹ 13,145 4.60%
19 May 11:07 a.m.
mahascooters.com BSE: 500266 NSE: MAHSCOOTER
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

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]

Website BSE NSE
  • Market Cap ₹ 15,023 Cr.
  • Current Price ₹ 13,145
  • High / Low ₹ 13,349 / 7,310
  • Stock P/E 87.5
  • Book Value ₹ 27,005
  • Dividend Yield 1.06 %
  • ROCE 0.59 %
  • ROE 0.59 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.47 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of BSE Diversified Financials Revenue Growth Index (I BSE Allcap BSE Financial Services BSE 400 MidSmallCap Index Nifty Microcap 250

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
10 7 192 7 9 5 206 6 5 8 163 6 7
8 5 6 4 7 4 6 5 4 6 2 2 2
Operating Profit 3 3 186 3 2 1 200 1 1 2 161 4 5
OPM % 26% 35% 97% 45% 19% 23% 97% 19% 13% 26% 99% 71% 71%
0 0 0 1 0 0 0 1 0 -13 0 1 58
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 1 1 1 1 1 1 0 0 0
Profit before tax 2 2 186 4 1 1 200 1 0 -12 161 4 62
Tax % 30% 32% -2% 26% 36% 30% 1% 29% 41% -170% 6% 23% 17%
2 1 190 3 1 0 198 1 0 8 151 3 52
EPS in Rs 1.37 1.25 166.28 2.63 0.72 0.42 173.01 0.87 0.09 7.23 132.26 2.89 45.18
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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: 46%
3 Years: 50%
1 Year: 66%
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.05% 51.05% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
3.61% 3.66% 3.90% 3.93% 4.06% 4.16% 4.39% 4.42% 4.54% 4.73% 4.89% 4.90%
4.47% 4.53% 4.53% 4.78% 4.89% 5.15% 5.10% 5.08% 5.36% 5.34% 5.27% 4.52%
0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
40.87% 40.74% 40.55% 40.29% 40.05% 39.68% 39.50% 39.47% 39.08% 38.94% 38.84% 39.56%
No. of Shareholders 22,61621,70121,18720,68119,66220,57320,07320,71521,19521,96425,85124,878

* 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.

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Documents

Announcements

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