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Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523384 NSE: MAHAPEXLTD Finance - Investment | Small Cap | Maha Rashtra Apex Share Price

₹45.69 0.14 (0.31%)

As on 03-Jul'26 16:59

Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523384 NSE: MAHAPEXLTD Finance - Investment | Small Cap | Maha Rashtra Apex Share Price

₹45.69 0.14 (0.31%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹128 Cr.
Current Price
₹45.7
52-Week Low / High
₹38 / 75
TTM EPS
₹1
Book Value per Share
₹161.6
P/E Ratio
47.28
Higher than its 5-year historical median
Industry PE
57.5
Price to Book (P/B)
0.28
Lower than its 5-year historical median
EV/EBITDA
47.08
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.65%
Return on Capital Employed (ROCE)
3.58%
Return on Assets (ROA)
2.23%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-93.41%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
3.77%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹2.1 Cr.
Reserves
₹427 Cr.
Equity
₹28.2 Cr.
Face Value
₹10
All Time Low / High
₹0.18 / 145.50

Maha Rashtra Apex Corporation stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Maha Rashtra Apex Corporation Ltd a good quality company?
Maha Rashtra Apex Corporation Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

How does Maha Rashtra Apex Corporation Ltd performance compare with that of its Peers?
Q.1 AUM Growth of Maha Rashtra Apex Corporation Ltd vs Industry Peers?
Maha Rashtra Apex Corporation Ltd AUM CAGR is 19.24%, compared to the 5-year industry median CAGR of 9.27%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Maha Rashtra Apex Corporation Ltd?
Promoters hold 62.54% of the Maha Rashtra Apex Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Maha Rashtra Apex Corporation Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 23% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maha Rashtra Apex Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)0.40.50.70.211.11.60.26.70.42
YoY Gr. Rt. %-15.3%48.6%-75.9%492.7%10.2%52%-90.2%4078.1%-93.4%-
Adj EPS (₹ ) -0.11.71.52.4-0.332234.51
YoY Gr. Rt. %-NA-11.6%57.9%-111.7%NA-34.2%1%46%51.9%-
BVPS (₹ )-28.612.732.635.140.553.353.539.3166.2172.4161.6
YoY Gr. Rt. %-NA156.3%7.6%15.4%31.7%0.5%-26.7%323.2%3.8%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)-0.34.32.33.2-0.43.42.12.32.12.20

CAGR

9 Years 5 Years 3 Years 1 Years
Net Interest Income1.1%-14.7%-35.4%-93.4%
Adj EPSNANA30.8%51.9%
BVPSNA33.6%47.7%3.8%
Share Price 25.3% -4.8% -18.5% -24.6%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Margins
Net Profit Margin (%)-58.4974.6578.93802.2-76736.8318.93294.1115.12654.1126.4
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)006.77.1-0.86.53.84.32.92.70.6

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 1676266797
Interest Income0010112070
Other Income 0000100100
Exceptional Items 1576154726
Expenditure + 4333411322
Interest Expense 2211000000
Operating Expenses 1122211222
Provisions 0000100100
Exceptional Items 22141111211
Profit Before Tax -0456-1765916
Taxes 001-00-11024
Profit After Tax -0446-1855812
Adjusted EPS (₹)-0.11.71.52.4-0.33.02.02.03.04.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Maha Rashtra Apex - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +-74338592106139140103434450
Share Capital 14141414141414141414
Reserves -891971779212512688420436
Short term borrowings0000000000
Long Term Borrowings19000000000
Current Liabilities 114117111109114112110645545
Trade Payables0000000000
Other Liabilities-0-0-0-0-0-0-0333333
Total Liabilities 59150196201219251250199522528

Assets

Non Current Asset +40145193195210239235188506510
Loan Asset 0000000000
Other Non Current Asset 40145193195210239235188506510
Current Asset +1953591315111618
Current Investment0112122200
Other Current Asset194248101291618
Total Assets 59150196201219251250199522528

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -42248-5-3-0-2-8-80
Cash Flow From Investing Activity 4-20-48811268-0
Cash Flow From Financing Activity -11-2-1-1000000
Net Cash Flow -12-0-22-11-1-2-00

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)-0.203.202.804.50-0.505.603.703.705.508.30
DPS (₹)0000000000
BVPS (₹)-5323.660.364.974.998.799.272.7307.8319.4

Performance Ratios

ROA (%)-0.34.32.33.2-0.43.42.12.32.12.2
ROE (%)0.00.06.77.1-0.86.53.84.32.92.7
ROCE (%)0.00.010.48.0-0.45.44.24.43.43.6

Valuation Parameters

Price/Book(x)-0.33.62.51.80.90.70.91.20.40.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Maha Rashtra Apex Corporation Ltd FAQs

The current trading price of Maha Rashtra Apex on 03-Jul-2026 16:59 is ₹45.69.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jul-2026 the market cap of Maha Rashtra Apex stood at ₹128.4 Cr

The latest P/E ratio of Maha Rashtra Apex as of 02-Jul-2026 is 47.28.

The latest P/B ratio of Maha Rashtra Apex as of 02-Jul-2026 is 0.28.

The 52-week high of Maha Rashtra Apex is ₹75.04 and the 52-week low is ₹37.79.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maha Rashtra Apex is ₹2.14 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maha Rashtra Apex Corporation Ltd is a below average quality company.

The key valuation ratios of Maha Rashtra Apex Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Maha Rashtra Apex Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Maha Rashtra Apex Corporation Ltd

Maha Rashtra Apex Corporation, a non-banking finance company was incorporated in April 1943 as Maharashtra Apex Bank. In 1955, all its branches were transferred to Canara Industrial and Banking Syndicate. Post which the company was changed to a hire-purchase company and accordingly its name was changed to the present one.

The main activities of the company are lease and hire purchase, automobile financing, bill discounting, corporate finance, etc. ICDS, Manipal Finance Corporation, Canara Steel and Karnataka Consumer Products are its group companies.

It plans to diversify into merchant banking, OTCEI dealership, stock exchange membership, money changing business, mutual funds, etc.

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